There has been a lot of news surrounding the Google Fiber project here in Kansas City. It’s a big deal for everyone and it could have some huge ramifications to the future of how we watch tv, browse the web and conduct business in general, especially here in Kansas City. Even the Time Warner technician who was at my house last week said he was really looking forward to it…and he’s going to lose business over this!

In case you missed it or were looking for more info. Below is a breakdown of what Google Fiber is offering as well as a video and some links to other articles on the subject.

How Do I Get Google Fiber?

What Kind of Plan Can I Get?

If You’re Ready to Sign Up…You Can Pre-Register Here?

Here are some additional links on the project from Google:

About Google Fiber

Google Fiber Blog

And if you want to read what everyone else thinks on the topic, check out the links below.

PC World

Engadget

Fast Company

Tech Crunch

 

I’ve been reading The Thank You Economy, by Gary Vaynerchuck and I can’t help but think about two very different experiences that I’ve had with local businesses here in Kansas City. A few of the stories in the book have been about restaurants, one in particular about a burger joint in Milwaukee. Gary talks about all the great effort they put towards building relationships and caring for their customers, something I didn’t feel the last time I ate at Blanc Burger.

Blanc Burger

Blanc is a pretty popular place, with two locations in Kansas City and a new location in Omaha. The last time I was there, I was dining with three other people. We ordered, ate and had a good time. Then towards the end of the meal one of the people I was with found something in their burger. I don’t know what it was, maybe it was nothing. We were told it wasn’t anything to be concerned about but it obviously was something you weren’t supposed to find in a burger and to say the very least, it was very unappetizing.

We weren’t paid much attention once this happened (which I still don’t understand). Neither the manager nor the chef came to our table, in fact one of our party went to them to try and figure out what was going on. We were given our checks with a little more than an apology from our waiter (I don’t think the burger was even comped) and we left without making a scene, but with a bad taste in our mouths and no desire to return…that was nearly two year ago.

While reading about AJ Bombers in The Thank You Economy, I couldn’t help but think about how this experience could have been different for Blanc and the four of us dining together that night. What if Blanc had blown us away with caring like the amazing examples in the book. What would have happened if the manager or chef had actually cared about our experience that night. What if they had come to our table, apologized and said, “we hate that this happened and want to try and make it up to you… here is a free burger to take home”, or better yet, “here are four free burgers”, or even “here is a coupon for the four of you to try us out again. We promise we ‘ll do better next time and we want to earn your business and make sure you’re happy.” or something to that effect.

What’s the worst that could have happened if Blanc or any other restaurant took this approach instead of sweeping the incident under the rug? They lose out on roughly $20 for the free burgers. Is that worse than losing our on four customers? Had Blanc taken any of those steps, that night it probably wouldn’t be two year since any of that group had eaten at their restaurant. In all honesty, my food was fine. I might even go so far as to say it was good, but the lack of caring and almost defiant nature of the restaurant has kept that four top from coming back. In the new Thank You Economy, as Gary lays out in his book, taking care of customers is a valuable long term marketing tactic. Building a relationship with customers is key to success

The Roasterie

 

Nearly a year ago I wrote a blog post about a The Roasterie, a local coffee roaster in Kansas City, praising them for their company newsletter. I wrote a whole post on how they did a great job of creating a community and welcoming their customers into the lives of the employees at this company. Then I posted the article. I tweeted the article. I made sure to include their handle so that they saw how appreciative I was. I posted it everywhere I could. Then I waited. and waited.

Nothing happened, which wasn’t a huge surprise, just a little disappointing. I have no allusions to the amount of traffic I can bring a business from this site and I’m not whining because I didn’t get any attention. But I was a customer, a supporter, a raving fan in the waiting…just give me that push to be a life-long-enthusiastic, loyal-customer…but instead nothing happened. I wasn’t expecting an award, or a free bag of coffee or a free drink at their shop. But not even acknowledging the unsolicited praise from a random customer was a little disheartening. All I needed to to be a lifelong customer (and to shun Starbucks for good) would have been a re-tweet or a simple thanks or some small gesture to say, “we appreciate you”. Two seconds to re-tweet, maybe two minutes max if you type in my email address and write a thank you note. Do that and you’ve earned a raving fan for life. That’s the real value of the Thank You Economy.

I’m still a fan of The Roasterie and I still drink their coffee and visit their shop, not much has changed…but I also still go to Starbucks and to Latte Land and to Hattie’s down the street. That’s three other coffee shops that share my coffee budget. The Roasterie could have had a monopoly on my coffee expenses for a very long time but instead, they just get a portion like everyone else.

Embracing the Thank You Economy is not just about trying to win over disgruntled customers or trying to bribe them into liking you. It’s about creating a relationship. It’s about building a tribe full of raving fans who are loyal customers that go out of their way to promote your business for you and who spend their money with you because they love you. People buy from people they like and people buy more from brands that say Thank You.

 

Nexus Q from Google

Google made a couple of new announcements prior to the I/O conference this week. A new Tablet (Nexus 7) and a new media streaming device called the Nexus Q.

The Nexus Q looks to be an interesting device, allowing you to access all of the Google Play content through your TV. While this sounds really cool, these devices have been around for a while.
Apple has had an AppleTV box for a really long time but they’ve never really seen great success with it. Western Digital is another company that makes a digital media device and while it works well, they don’t have a flashy name or much support other than the people who tried it out and like it.

ROKU is another company without much of a brand to get behind but they seem to have maybe the best option for digital media streaming (they offer the holy trinity of digital streaming Amazon, Netflix and Hulu). ROKU also has an extremely cheap price tag at only $99. admittedly, I’m looking into a ROKU box in the near future primarily for their streaming video and the ridiculously low price.

The one big gap in this list is Amazon. They are arguably the biggest rival to Apple’s iTunes, but they still don’t have a media box to stream the content that you purchase from them. It’s possible that they are relying on the rest of the players to build the actual device and simply add an Amazon app to their product. I highly doubt that Jeff and company will be sitting by idly watching their biggest competitors come out with proprietary streaming devices while they hope to get their app added to the devices. The opportunity to make a streamlined media device that, much like the Kindle Fire, ‘helps’ users buy more content from Amazon would appear to be too much for Amazon to pass up.

Back to the Nexus Q. The device seems to go away from what Google is known for, low design, highly functional devices. Most of the products they release aren’t highly designed to be displayed to the world, they are however usually highly functional devices that allow easy access to the digital world. You would think that if Google launched a media device, they follow suit with the likes of ROKU (and even Apple) and come up with a very low profile device that will ‘enhance’ your living room experience rather than take over.

It’ll be interesting to see where all of this leads. An Apple TV seems more and more like a very real possibility as TV’s start becoming cheaper and devices like these lending TV’s to be less of a cable consumption device and more of a multimedia/digital/internet consumption devices.

 

 Facebook just launched their initial public stock offering (IPO) and it is a bad stock to buy. The company is priced at its ceiling from the start. Here is an article from the Wall Street Journal talking about how even on opening day, the stock is struggling to maintain its stock price

A story ran last week on NPR quoting some investors by saying, “I missed out on Apple, I don’t want to miss out on this.’ The problem with that thinking is those are two completely different situations… Apple was a new cutting edge technology company. Facebook is a social network that has been around for a while and who doesn’t have ground breaking technology or even an ad model that works, which is how they are supposed to be generating revenue. I recently read an article by Mitch Joel explaining what the frustration is with advertising with Facebook. In his article, Mitch talks about GM pulling all of their $10 million Ad budget from Facebook simply because there was no return on their ad spend.

If you look at Facebook’s ad model, it’s really just selling banner ads which 90% of the time are either ignored or a waste of money (this goes for banners on Facebook or any other media placement) the one thing Facebook does have going in their favor is they have community. Advertising on Facebook is not advertising per-se, its building up your community and creating awareness and brand loyalty. That leads me to their potential.

For Facebook to truly succeed, they should take a page from their competitor Google+. Google has a much smaller community BUT posts on G+ are indexed by search engines. That means that all that time and effort by marketing teams spent building up their community is not wasted for only their fans…that content becomes apart of the web. It’s linkable content that can e accessed by their fans and by people who don’t know about them already or people who aren’t yet fans can stumble across all the content that is being created. Here is an article from the Business Insider highlighting how Google’s ad model is out performing Facebook’s by a large margin.

If Facebook were to make this change their Ad model could change to replicate something a little more similar to Google’s textual ads and actual drive some revenue which could possibly increasing the companies valuation. If not, their stock prices and eventually the company are in for a long and bumpy ride.

 

Here is an ultra brief recap. You need to monitor your brand. There are a plethora of tools (free tools) that allow you to proactively monitor yourself and your brand that make it so easy and critical that you cant afford not to.

“people are confused about the meaning of the word ‘branding’. Branding is not the logo, the brochure, or the email. Branding is the heart and soul of a business-and of the people who make up that business. Branding is what the company (or person) ‘is’.”

So what is your brand? That’s the main theme in this book, finding what your brand is and utilizing the wide range of tools available to ensure that you/your brand is taking advantage of what is available to you.

“There are three main reasons why all of us need to nurture our personal brands:
1. to add more value to our lives
2. to make more connections and build our personal network and community
3. to increase our business opportunities”

It’s also about recognizing that what you say and do on the Internet will affect you. If not today then tomorrow or at some point down the road. The long tail of the Internet has prove that content is king and everything is indexed by Google. So be smart about it.

The book is more geared towards business people or entrepreneurs who don’t know much about the Internet. I found myself reading the book and thinking to myself, yea, I.already know this.

For example, a lot of the principles he talks about are similar to what Seth Godin talks about in tribes….creating that strong community of followers who are passionate about what you do.

On a more positive side, he does tell.some interesting stories about his interactions with other Internet,marketing big wigs.

In the end, Mitch is trying to impress the idea that everyone is connected. Social media and the Internet allow you to do anything and promote yourself or your business to the masses with little or no costs involved.

“In this world of interconnectedness, the bigger question is , how are you going t spread your story, connect and add value to your life and the people whose lives you touch? How are you going to explore your network to grow your net worth? how are you going to add tremendous value to a brand, product, or service that can always be made cheaper and faster by some one else? how are you going to connect and stay connected?

Everyone is connected. Connect your business to everyone.”

So should you read this? Are you very familiar with digital marketing? If you are, I’d say pass. Partly because the book is a little dated (one of my favorite lines in the book was at the time he wrote this, Facebook was valued around $15 million….they were just valued recently for $100 billion) and partly because if you’ve read other book on the topic, some of this may seem a bit redundant. On the other hand, if you’re not familiar with this topic and even better, if you have a business that could benefit from some digital marketing. This would be a good course on what to do.

© 2012 David Starkweather Suffusion theme by Sayontan Sinha