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Viral Efforts from Switzerland

November 10, 2009

Having to complete my MSc Marketing dissertation combined with striving for perfection has unfortunately meant I have had no time left for blogging during the past few months. However, my hard work has paid off and I am very pleased with my achievements, the result and all the valuable knowledge I have gained. In my dissertation research I came across a variety of viral marketing cases and I would like to discuss some of them further here and in my next posts.

Mary Woodbridge – Mammut Sports Group AG

The Swiss brand for technical outwear Mammut has had some impressive global headlines back in 2005/2006 with their campaign called “Mary Woodbridge”. The campaign was made by the Swiss marketing agency Spillmann / Felser / Leo Burnett who came up with the story of Mary Woodbridge in December 2005. The campaign featured an 85-year old lady from Greenfield, UK, who planned an expedition to mount Mount Everest with her dachshund after having bought a Mammut winter jacket of such superior quality that unexpectedly, the elderly lady felt empowered to master any challenge. They created an interactive webpage showing her expedition training, introducing her dog and expedition partner “Daisy”, training sessions, a guestbook and movies (see here). As well as her age Mary’s story hits controversy as she planed to use a direct route from the base camp to the top, rather than using the suggested route offering four additional intermediate camps to rest. In addition, she wanted to dispense with the use of Sherpas as well as the use of an oxygen mask, as there are no such masks for her dog Daisy.

Woodbridge's wishful thinking

Woodbridge's wishful thinking

Having created a very insightful webpage, which seems to show that Mary Woodbridge had thought through everything and was more or less ready to go the only missing point seemed to be funding. In order to cover the financial side of her plans, “she” contacted major mountain equipment companies, international media, climbing magazines to request sponsorship for her and Daisy’s trip. A number of ads are placed in mountaineering magazines and internet forums were consulted for useful tips and advice. A great way to create buzz within the climbing and mountaineering scene and the social networking space. Quickly climbers, alpinists and bloggers discovered Mary, her story and webpage and soon after she hit the headlines. Once the story took off, media coverage and online discussions on forums, discussion boards and social networking sites were mounting. Globally, 250 newspapers, magazines and TV broadcasts reported about Mary, wishing her the best of luck for her undertaking. For some examples please see the list below:

Woodbridge Press Coverage

Woodbridge Press Coverage

Once the buzz reached it’s peak the story was revealed  by Mammut stepping out of the dark with the slogan:

“Equipment this good can cause a loss of common sense”.


Initially, clips like the one above were shown without Mammut’s branding at the end. Bringing Mary Woodbridge to life was the start of Mammut’s new marketing communications strategy that intended to promote their core value of mountaineering safety of best Swiss quality. Their intention was to remind sportsmen that the ever improving Mammut gear offering increased safety, does not justify unnecessary risk-taking. Follow up advertisements of Mammut built on the Mary Woodbridge story and the above introduced slogan, please see below.

Overly confident skier in Mammut gear is pissing bikers off...

Overly confident skier in Mammut gear is annoying bikers...

Moreover, point of sale and magazine advertisements were supporting the Woodbridge campain, which helpet to increase the buzz as well as to promote the campaign’s message (if you want to download Mammut’s promotional brochure with Mary’s story please click here). Another case, showing that the combination of online and offline marketing efforts has a positive outcome on a campaign’s objectives.

The publicity campaign was a huge success in terms of awareness creation and international brand disclosure and was also awarded with numerous awards such as the Swiss advertising film award (EDI Award), the Swiss Marketing Trophy, the Crossmedia Award, the Epica Award, the ADC in Switzerland, ADC bronze in Germany and silver at the New York Festival.

Leaves – Zimtstern GmbH

Staying within the area of Swiss technical outwear, I came across a clip by Zimtstern, a Swiss snowboard and street clothing brand. The clip was directed by Marco Lutz,  a Swiss film director, who has been responsible for a variety of memorable cult snowboard movies, which have been a worldwide success and produced by Stefan Bircher. Matching to this winter’s collection by Zimtstern, which is following the theme of “wildlife” the idea around “leaves” came to life. Hence, the viewer is surprised with classy snowboarding on a nice sunny day in fall, on leaves and as fas as the eye can see – no sign of snow!

From a viral marketing perspective, a viral video requires certain key characteristics in order to appeal to a wide audience. In my research about “The Strategic Use of Viral Marketing amongst Social Networks” I identified the following key content criteria: entertaining, compelling, creative, relevant to target audience, adding value to viewer, share worthy, engaging, simple, interesting, honest, shocking/surprising, short, unique and new. Watching the leaves spot I am very keen to say: this spot, if seeded successfully, has got all the potential to become a huge viral success within the snow sports industry and reward Zimtstern in terms of an increased brand awareness. It has only been two months and the clip has already received considerable coverage from bloggers, forums, magazines, social networking sites and is placed on several video sharing sites. Additionally, the clip is free to download on www.zimtstern.com, which supports the ease of viral spread.

And because it has been so nice, please see below the making of the spot “leaves” by junior film maker Pierre Castillo Bernad.

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Marketing Strategy: Comparethemeerkat.com

May 14, 2009

Alexander Mikhailovich Orlov was a Soviet espionage administrator, who defected to the U.S. in 1938, warned Leon Trotsky of his impending assassination (read more here). Nevertheless, for the last four months “Aleksandr Orlov” the meerkat with a Russian accent broadcasts on TV in order to reassure people that they should not get confused between the two pages; comparethemarket.com and comparethemeerkat.com. He explains that lately many people have been misspelling the words when looking for price-comparison site Compare The Market in search engines and landing on his page Compare The Meerkat when trying to find a cheap car insurance. If you have not seen the TV ad yet, please see it yourself:

I remember seeing that clip for the first time and wondering a little about its sense. However, despite some doubts the ad caught my attention as well as the attention of many others. Being curious I went to investigate a bit to find out more myself. Compare The Market is a price-comparison website, which aims to provide its customers with the most beneficial and cheapest quotes from various major organisations offering car, travel or home insurances; credit cards; mortgages; loans etc. Some examples of such organisations include The AA, HSBC, Nationwide and the Post Office. Compare The Meerkat is a site founded by the Russian meerkat entrepreneur Alexandr, who claims to be a member of the Russian aristocracy and lives in Moscow. His site provides information about various meerkats, their origins, hobbies and favourite activities. A month later another clip appears, where he claims that there is a big difference between his page, comparethemeerkat.com and the price-comparison site comparethemarket.com, by playing both jingles that sound pretty much identical.

Aleksandr Orlov's Twitter Page

Aleksandr Orlov's Twitter Page

After getting lots of positive response and people liking these adverts, Aleksander did not rest on his laurels. He created an account on social networking site Twitter gaining great response within only a few days and currently has 14,935 followers (see his page here). Hence, Aleksandr took advantage craftily of the numerous branding and social networking opportunities delivered by Twitter.

Matching his character his account provides funny and light-hearted content, which is also adding value through a personal touch to the brand itself as well as and additional level of online customer support. According to Revolutionmagazine Aleksandr even encouraged his Twitter followers to leave statements on how they like the business in order to create a testimonial area on Comparethemeerkat.com with their comments and photographs (read full story here).

Aleksandr also has created a Facebook page (here you can see his profile) with stunning 409,565 “fans” where he similarly to Twitter discusses funny stories and jokes with people who have signed up for him.

Aleksandr Orlov on Facebook

Aleksandr Orlov on Facebook

Both, Twitter and Facebook show high potential for customer interaction and also very high response rate from people involved. In marketing terms that can be seen as brand management and reputation building from a funny and relaxed perspective: people start to like Aleksandr and part of their affection will be transformed to Compare The Market eventually. Moreover, there is also a profile on YouTube (see here) where people have signed up as followers and leave comments on the videos. It seems that people are highly enthusiastic in communicating with Aleksandr. On all pages high interaction between customers and “Aleksandr” is apparent, which represents an essential element for successful social networking.

With reference to George Everett, the creator of the campaign states in Marketing Magazine:

“Facebook and Twitter are fantastic media for us as they allow us to build a conversation with consumers,’ he says. ‘People only insure their cars once a year but we will be at the front of mind.”

Only recently a new character has been introduced “Sergej” the one who is responsible for IT and seems to be an important part within Aleksandr’s company – and also gives the brand another mascot. His appearance gains greater importance and he has even received a role in the newest clip, that came out two weeks ago:

Compare The Market have created a spoof on their own name and perfectly combined online with offline efforts within their marketing concept by combining above-the-line advertisement such as print, TV and radio with below-the-line advertisement such as social networks and web pages. This shows that new media are even stronger if combined with traditional methods, if applied effectively so that one can boost the other in the most efficient way.

With reference to Marketingmagazine the responsible agency VCCP had the clear brief to boost the brand name “Compare The Market” in order to generate brand awareness and to stand out in a very crowded market. Hence, return on investment has been achieved clearly as brand recall is ensured massively – I am sure that people will definitely remember the brand, as VCCP have done a great job.

In SEO terms, which is the concept of optimising the ability of others to find your brand’s online appearance best possible when using a web search engine such as Google or Yahoo, Compare The Market have also succeeded. Having an account on the most popular social networks boosts a brand in extremely high positions on web search engines. By building brand awareness via social media, this also allows them to have a direct influence towards increasing online traffic and finally their sales.

This entire campaign is a brilliant piece achieving a viral effect that does not seem to stop spreading. Definitely an outbreak in promotion by combining online and offline efforts. It shows how successful a clear marketing strategy can be, when created properly by applying currently popular tools. They took advantage of the popularity of social networking sites Facebook, Twitter and YouTube in order to build a platform for interaction with their “fans”. I am sure some people may argue whether having lots of followers supports their business, but once more I believe that awareness creation, which is achieved perfectly in this case, has a long-lasting effect that will stay in mind. And if you ever should require cheap car insurance… I am sure you will remember Aleksandr and give their page a go – if this is not successful marketing, then please tell me why!

And because its so nice…here some more of Aleksandr!

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Cardosystems – Can Cellphones Make Popcorn?

May 6, 2009

By watching TV yesterday I have discovered the show called “Rude Tube” on channel E4, which I found very amusing. Basically, Alex Zane, a British comedian,  presents the most popular viral videos that have ever been shown on the Internet. On their web page, individuals can leave comments and rate videos, but they must sign up, as only registered members are able to leave a comment. A good way for a TV channel to take advantage of the numerous opportunities delivered by the World Wide Web in order to become more interactive. E4 have also achieved great success by launching a feed on Twitter, reporting the latest news of the popular TV series “Skins” and hit 10,000 followers in one day. You can follow them as well by clicking here. Skins is a British award winning TV series that tells the life stories of a group of teenagers living in Bristol.

However, one of the clips was the one, which all of you must have seen or heard about at some point. Once more, video sharing has served as a new media tool to create awareness. The original video shows four French people having a few kernels of maize on a table, surrounded by their mobile phones. Now they make all their phones ring simultaneously, and the kernels puff into popcorn. After a while a series of other cases from  additional countries appeared to make it look like like people tested it all over the world, but watch it yourself:

This video has currently 12, 869, 303 views on video sharing site Dailymotion, since it was released online in May 2008. For those of you who do not know it yet, it was all fake. The videos were part of a guerilla marketing campaign made by the American organisation Cardosystems, who tried to promote their headphones with new Bluetooth technology. The idea behind it was to encourage people to use headphones rather than the phone itself. In an interview with CNN the CEO of Cardosystems as well as founder of the campaign, Abraham Glezerman reveals all the secrets:

What a successful campaign with a return on investment of a 100% sales increase. Even marketing strategist Seth Godin refers to that case as a “vivid” marketing story. Nevertheless, one may argue whether this kind of campaign was ethically correct or not, as people were led to the conclusion that cell phones may cause serious health damage. Are there any negative consequences when marketing chooses to go the delusional way? Ehret claims in his blog “The Marketing Spot” that he would probably avoid Cardosystems if dealing in the Bluetooth industry:“I do have a hard time believing that there was no attempt at deception on Cardo Systems’ part. If I were in the market for Bluetooth, I would probably skip Cardo.”

The videos caused both excitement and outrage. Many people really liked the content and had a laugh about it, whilst others are in serious fear what their phone could do to their health. I suppose that the way in which news and information are distributed differs from country to country and hence, the perception caused by such marketing campaigns may differ depending on the culture. In this blog one of the readers claims, that the videos have scared many people in Israel.

Here is the final clip they launched to advertise their product:

In terms of awareness creation I believe that Cardosystems have done a great job. The video spread like wildfire on the web and achieved a stunning number of views and media response. The Internet is a great tool to get information, but this case also proves once more, that people have to be more critical about what they read or see. Everyone is able to publish content, so information that appears a bit dubious should be questioned by the reader and not trusted immediately. If Cardosystems had revealed themselves from the start, the video would have never achieved such a marketing buzz as it did. I find it difficult to judge whether they acted socially irresponsible or not, as finally, we all have the freedom to choose what we believe or not, but I think I tend to the view that they have not acted unethically and therefore, not broken the “rule” of corporate social responsibility, but I am open to a discussion.

What is your view on the subject? And did you know it was fake?

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CWS – say no to dirt!

April 18, 2009

cws-logoViral marketing, as already discussed in previous blog entries enjoys increased popularity and respect amongst marketers. Various campaigns have emerged out of nowhere and pleased online users with creative, funny and somehow unique content. One of them came from the German organisation “Complete Washroom Soulutions” CWS two years ago in 2007 and is, in my opinion, well worthy to be mentioned.

CWS chose the way of celebrity endorsement. They enlisted supermodel and actress Milla Jovovich for their video promotion to add a little bit of style, coolness and sex appeal. The scene shows her in a posh nightclub in a toilet stall, kneeing on the floor and preparing to snort a line of the drug cocaine from a toilet seat. Unfortunately for her, the toilet seat’s automated sanitary mechanism gets activated and the seat starts to rotate in order to clean itself. Milla keeps trying to get her nose full, but she is too slow and her initial shocked face reveals a massive scream that makes the other ladies who are in the bathroom wonder… the viewer is left a few seconds and then the message “say no to dirt” appears. But see it yourself, if you have not seen it yet.

Not only a very appropriate slogan for a toilet solutions maker, but also a great way to highlight a situation that is a well known problem for many bars and clubs. They advertise their product by offering a solution to a common “problem” (a clean seat for everyone at any time) and also make a statement about drug abuse. In my view they can be given some credit for a small contribution of corporate social responsibility. With 1,091,485 views on social networking site Youtube there must have been certain success through awareness creation and increased web traffic for CWS. “Online you are what you publish” (says David Meerman Scott). In that context, CWS achieved to create a fresh and modern image for themselves with that particular clip. Moreover, raised public awareness of a B2B brand can influence some kind of a pull effect, which generates demand from the end-user up the supply chain. Whilst some may argue its actual value to the company, I think that having your brand name out there is certainly a positive aspect that can have a variety of effects. Brand awareness creation, which involves brand recall and brand recognition, supports strategic brand management when building name recognition for your organisation, service or product.

There may be a connection between an earlier anti-drug campaign that is shown on video sharing site Dailymotion. Unfortunately, I struggle to find any closer information about that one, but here is the video. (I’ll have to warn you, it is certainly not a nice scene to watch and blood is involved… so children under 16 should probably not watch it)

The CWS video promotion is considered as excellent by various experts such as David Meerman-Scott or Marketingprofs, because it shows that really every brand can go viral, no matter whether B2B or B2C as well as no matter what product type. Even a product that may be rather considered as “boring” and “unexciting” such as a toilet can create buzz and become memorable through its marketing. It does not always need to be a highly fancy consumer product, but the way it is presented must be somehow special. Granfield from Marketingmag reports that brand advertisement can become remarkable by telling a story (if you have a few spare minutes, read his article: “How to get the world’s attention without being remarkable” here, I think it is brilliant!) This matches with what I referred to in one of my previous blog entries: create content that engages and excites your target audience. Nevertheless, the product or service must be of a certain value and quality – marketing can do lots, but it’s certainly no magician that turns “rubbish” into profit. Well… it actually did work with some brands, but that is my personal opinion and I do not want to cause any offence by mentioning names. ;-)

In the end viral marketing could be referred to as “online gossip”. As long as you create something that makes people pass it on, remember and discuss it you have definitely secured “your foot in the door”. People love stories, otherwise things like books, TV and cinemas would not really work. I am sure nearly every one of us is guilty of having been involved in some form of “gossip”. Now, just apply the gossip to marketing, think how you can make the people you want to get interested in your story and get started!

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Rising from the Ashes? – Woolworths goes Online

April 11, 2009

The recession hit many businesses hard, even long established brand Woolworths, Britain’s major retailer, suffered massively and was forced into receivership and finally went into liquidation.

woolworths shut store

The high-street chain collapsed in November 2008, only one year before its centenary. Founded by Franklin Winfield Woolworth in 1909, Woolworths established into a 800 chain giant. Right from the start selling a variety of merchandise such as toys, sweets, children’s clothing and haberdashery. Thanks to mass production “Woolies” was able to be very price competitive and that is how they outperformed many British competitors when it came to china and glassware. According to Lavan from The Times Online,  in their first year of trade in Britain they offered free pots of tea to customers and introduced new shopping experiences through an American store layout encouraging to browse around (read more here).

woolworths-sheep-and-dog

But competing on price only is a risky game. Referring to the BBC , the main problems arose when it was heavily undermined by Amazon and large supermarkets like Tesco started selling non-food products (full story here).

Generations of shoppers commiserated with the sinking ship of Woolworths, a brand the grew up with, liked and trusted. A high amount of affection was shown when the brand’s followers on social networking sites started to increase when the recession started to kick in and Woolworths’ breakdown was covered all over the media. Referring to Marketingmagazine, Woolworth’s group on Facebook has rapidly increased exceeding a number of 23,000 members showing sympathy and sharing affection.

Whilst some were going under, investors caught interest and started to see potential business opportunities. A famous example is entrepreneur Theo Paphitis, who successfully turned around struggling and troubled retail businesses, such as the one of lingerie chain La Senza, which was one of his biggest successes (more). He is also known from the popular BBC programme “Dragons Den“, where according to BBC his focus belongs to the inheritance of his children and he is known for the sentence: “Why should I part with any of my children’s inheritance investing in this?”

woolworths-theo-paphitis

Finally, the company was bought by the Shop Direct Group and Woolworths’ are now back with a new customer focused and very interactive online strategy.  Shop Direct Group the result of a merger between Shop Direct companies and Littlewoods in 2005 is one of the UK’s largest online retailers. Despite Woolworths’ popularity critics were arguing that Woolies were “out-of-touch”, lacking customer focus, as well as interaction. With reference to Manning from the Mirror, Woolies had no real unique selling point: “It is a jack of all trades, but a master of none”.  He also refers to it as outdated in an era where online shopping is outperforming shopping in giant out-of-town centres (read more).

This shall all be changed with the new business model and a vibrant marketing strategy. Shop Direct Group’s new strategy is to reduce Woolworths’ operations on only online with a strong focus on customer information and involvement through interaction. Woolworths has been relaunched online with a very strong web presence.

Shop Direct Group, which is preparing for Woolworths’ relaunch in the upcoming summer is certainly doing a good job and improving main weaknesses. It seems like they have recognised the power and opportunities that lie in online social networks. As a sign of high interaction with customer they are collecting feedback and areas of interest through social network pages Facebook, Twitter, Spotify and last fm. They set up groups called “the first single I ever bought” and encourage users to list their experiences and create a “nostalgic playlist”. Marketingmagazine states that well renounced agencies Glue London and The Brooklyn Brothers have been appointed for Woolworths’ social media presence and engagement. In order to keep customers up to date with newest information they regularly put information on Twitter, Facebook or their newly created blog (www.woolworthsblog.co.uk). This move enables them to be much more transparent and automatically provides Woolworths with more closeness to its “followers” and their feedback. A great way for their online reputation management as well as a source for ideas or concerns from interested individuals.

On Twitter they recently tested if there is any demand for some of their new offerings and according to Marketingmagazine, Twitter followers were prompted to list their top five Woolworths’ products – a great way to conduct market research in order to detect customer’s favourites (Read more).

Moreover they have created a page specially for Easter (www.woolieswonderland.co.uk) – a page that encourages its visitors to find six virtual eggs in order to secure a place in a prize draw to win a family home entertainment system…and of course to drive web traffic and collect contacts, but don’t tell anyone :-D

woolieswunderland

All in all it seems that Woolworths is on the right course. By applying clever and strategic marketing techniques and using appropriate new media tools, they can reach their audience, engage with them and discover what are the right steps to do next in order to have a successful comeback as an online store.

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First Direct – A Fully Customer-Oriented Business Model

April 1, 2009

First Direct, one of Britain’s fastest growing banks, operate solely on a digital and phone basis (no branches) have managed to create a very impressive business model making use of new media and new technologies.

logo first direct

logo first direct

In banking, with reference to a Mintel report, there is a tendency towards customised and simplified business transactions, First Direct appears to be a simple and transparent service provider with a focus on its customers and with customer driven operations. It ticks all the boxes, of how a successful organisation should operate. Through brand differentiation, and as all their services are entirely built around customer needs. they have created something their customers can identify with. Marketing Strategist David Meerman Scott would approve of this, as he stresses the importance of creating content that solves people’s problems, rather than trying to promote the brand.

He states: You must unlearn the use of gobbledygook about your products and services. Instead start from the problems and needs of your buyer personas. (Read the full article here)

First Direct won several awards related to their operations such as: “Carbon Trust Standard” (They were the first bank to receive the Carbon Trust Standard award. More info), “Institute of Customer Services (ICS) Satisfaction Award“, “DADI podcast award” and many more. Not only that these awards improve First Direct’s brand reputation, but they certainly led also to positive publicity and word-of-mouth.

There are a two aspects I would like to consider a bit closer that give insight into First Direct’s business excellence.

Online / Telephone Banking

The benefit of operating online or via call centres is that every customer contact data is recorded and helps to develop a customer profile. This increases the quality of service as every employee servicing a customer has a wide range of technology available that provides full information about the person during the contact and thus, allows the  best possible service performance. Hence, there is opportunity for perfectly tailored database marketing to the customers. Moreover First Direct can make use of these data to learn more about their customers, make decisions about target markets for specific campaigns (customer segmentation), evaluate and compare customer values and finally, provide specialised offers for customers. Database marketing is invaluable, as it allows First Direct to create exceptionally tailored offers and services in a market based upon trust and confidence.

Telephone and Online banking can be perceived as a move towards a greener economy that supports the carbon footprint reduction. Having branches all over the country is related to high maintenance costs. In the case of First Direct these costs are limited to two headquarters and therefore the funds can be invested in consistent improvement of services, quality and technology. Besides,without the overhead of managing and maintaining branches First Direct are able to channel more resources into web development.

Interaction

First Direct make perfect use of their web page, a very fresh, creative and interactive offering – atypical for a bank in my opinion. The webpage provides podcasts with recent queries, concerns and expert information about interesting issues for their consumers (check it out). Moreover, one can find useful information about how to save energy at home. One podcast by “Energy Doctor” Mark London from “Energy Saving Trust“gives specific advice for energy savings in every household, by visiting a customer’s house (listen to the advice here). Not only are they are anxious to keep their own carbon footprint low, they also motivate their customers to take part as well as promote and encourage them to turn off the function of receiving paper bank statements in order to support their campaign “virtual forrest“. First Direct claim to plant one tree per 20 customers who switch onto paper-free transactions and let people vote where the tree should be planted. Another interesting approach is that they provide a section called “enthuse” with video clips of customers, who tell you their personal experiences with the bank and the reason why they are satisfied. These people can be seen as so called “brand advocates”, as they promote the bank by spreading their favourable perceptions and thereby generate greater brand awareness. It’s more credibe when someone like you and me gives you advice, rather than a brand trying to promote itself. This is supported by several consumer behaviour studies which identified higher confidence from consumers in personal recommendations amongst acquaintances than in advertisements.

These examples show how much more one can do with the help of new media tools, and how much more a customer may expect from a simple bank website. And as their side wouldn’t be already much more advanced that the ones from other banks, First Direct have only recently introduced a new tool: the little black book. This serves in form of a social network that is based on recommendations from First Direct customers to First Direct customers, where they can exchange information about travel, restaurants, bars, shops, services, money-saving tips etc. A great idea considering that a third of First Direct’s customers join via recommendations from existing customers, as stated in Chris Laweer’s article on FutureLab. First Direct state:

As first direct customers, you’ll know by now that we’re not like other banks. We tend to do things a little differently. We know you appreciate that – and that’s precisely why we wanted to create the Little Black Book.

Or rather, why we want you to create it. Because the Little Black Book isn’t just another review site. It’s more of a unique source of inspiration – a collection of interesting recommendations made by people like you for people like you that you’re unlikely to find anywhere else but here. And it’s exclusively for first direct customers.

A very smart move to engage with their customers! Not only did they build a social network for and with their customers, but also they gain further insight into interests and specific data about their customer. This in turn, will allow First Direct to create even better and more tailored offers for their customers. Imagine Mr X will show as being very proactive and keeps posting reviews of British heritage tours he’s made. First Direct needs some sort of reward for this customer. That they can tailor an offer, fully based on personal interests, in Mr X’s case probably a short trip to a place of interest – or even better, one that matches his interests, but it is not recorded that he has been there yet!

It appears that First Direct spends more time and effort in getting to know their customers in order to provide them with the expected services and added value. In essence, it excites me to think how great marketing opportunities must arise from all the customer data First Direct has access to. Unfortunately I don’t know anyone who is banking with them, and have no personal experience, so I cannot add any personal judgement. However, my impression stays the same. First Direct have created a very impressive business model, that seems to be a cutting-edge example for the creative and successfully implemented use of technology and new media means!

In that context, based on another statement from David Meerman Scott that says:“You must unlearn the idea that “leads” are the only way to measure your marketing efforts. Instead, consider how you are engaging your buyers and building a position as a trusted resource”, he may compliment First Direct’s efforts once more, as that is exactly what they are doing.

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