Archive for the ‘Branding and Image’ Category

Twitter’s EarlyBird Gets The Worm?

Thursday, July 15th, 2010

In a recent blog post, Twitter reported that it intends to provide consumers with a great lineup of deals, from advertising partners like Groupon and Gilt Groupe; plus a few from its own list of clients. The Twitter host for these incredible “Early Bird” deals? You guessed it, @earlybird. Twitter offers us these definitions:

@earlybird

n. a thrifty bird that lays golden eggs.

n. one canny bird tweeting exclusive offers.

disney earlybird tweet Twitters EarlyBird Gets The Worm?On the heels of the blog announcement, Twitter launched its first @earlybird exclusive offer; with Walt Disney Studios. If the earlybird gets the worm, the worm (in this case) is a ticket promotion; launched in conjunction with the release of The Sorcerer’s Apprentice.

U.S. @earlybird or @DisneyPictures followers can get a special 2-for-1 deal on tickets for a limited time.”

But, what about the Follower count? For example, yesterday @DisneyPictures had a larger following base; than @earlybird. So, what is the advantage of using @earlybird? Although in some cases, the follower count might be larger, the consumer base that follows @earlybird; is likely more broad and varied. This approach encourages advertisers to target consumers, that do not generally follow their brand. Just as I am certain most of you do not follow @DisneyPictures, you might still be interested in a break on the (ridiculous) price of movie tickets. See how the concept has merit?

With the introduction of @earlybird, it would seem as though Twitter is trying to position itself (mirroring Facebook), to be recognized as a viable option for advertisers/brands. Offering a motivated and targeted audience for companies to build momentum, generate awareness and build brand recognition; through online coupons or promotional offers.

twitter earlybird Twitters EarlyBird Gets The Worm?All things considered, the @earlybird concept is not unlike Twitter’s Promoted Tweets, currently being used (successfully?) by Twitter partners; like Virgin America. Regardless, with online ad growth showing signs of slowing, upstarts and Internet giants want businesses to get excited; about innovative ways to reach motivated consumers. At the moment, I’m not really excited about movie tickets. So, like most consumers using Twitter; I’ll reserve judgement for now.

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Are You Missing The True Value of Shark Tank?

Wednesday, July 7th, 2010

For those of you who do not already know, Shark Tank is a reality TV series, that stars five, multi-millionaire, business tycoons; called “Sharks”.  The “Sharks” hear investment proposals from entrepreneurs, and then consider whether or not to invest money, time and/or services; in their business. Sound like another trip to the Shylock? Not quite, although a pound of flesh does seem to be at steak…oops stake.

shark tank 1 Are You Missing The True Value of Shark Tank?Many of the businesses that enter into the Shark Tank are struggling and losing life. In most cases,  it is not a problem with their concept or idea, but with finances, marketing and/or distribution. And just as in nature, the hungry sharks are drawn to the victim’s peril and circle the weakened prey; waiting anxiously for the opportunity to feed. Let me be clear though, the meat has to be worth eating; before one or all of the Sharks will bite. Ok, well it’s not quite that graphic, but that is the premise of the show.

By now you might be asking yourself, “why would anyone participate in, or even watch this show?” Here is why.

SharkTank1 Are You Missing The True Value of Shark Tank?The five Sharks that have been selected for the show, are really just smart, committed entrepreneurs; that at one time or another have had to survive their own “Shark Tank”. They are not the gluttonous, frenzied predators; that the show’s name would suggest. Each of the panel members has calculated and built their fortunes, through sheer will and determination. Not one was born with a silver spoon.

shark tank kevin oleary Are You Missing The True Value of Shark Tank?When an entrepreneur enters the Shark Tank, they are truly being judged by their peers. Each Shark has their own story to tell, which often mirrors that of their wounded prey. As such, the stern and motivational advice offered by some, although painful to hear, is founded on personal experience and forged out of hardship; and even hunger. So, as an entrepreneur when I am given the opportunity (once a week) to watch innovative business ideas, being presented to, and criticized by, a panel of accomplished “tycoons”; I am going to listen to every word and learn what I can.  Whether it be a failed business plan, poor distribution, or a ridiculous valuation, I know that when Kevin O’Leary shouts “Stop the madness!”; he is going to tell me why. <— True value?

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