Friday, 4 November 2016

The Office Turntable Puts a New Spin on Music Promotion


It’s the age old question for rock bands everywhere: how do you get jaded, hardened music critics and advertisers to listen to your jams when many (in fact, most) CDs and MP3s submitted will immediately be allocated to the circular file (a.k.a the trash can)?
In a brilliant play to persuade the taste makers to take a listen, the German electronic music label Kontor Records utilized mobile technology and a whole lot of groove to promote one of their artist’s latest singles.
In 2015 Electronic music artist Boris Dlougosch’s single arrived in offices as a vinyl album, which in itself gets high marks on the cool scale. But it gets better. The album arrived with its own 2-D cardboard player and instructions for downloading an app that allows the listener to play the album with their smartphone. Yes, you read that correctly…the vinyl album is played with a smartphone! A virtual needle allows listeners to skip through the track just like on a real turntable.
Check out the video…
As the Office Turntable shows, mobile apps can be used in highly creative ways. But mobile apps of varying creativity levels and other personal devices are a large part of a company’s digital marketing strategy.
Digital Marketing, book 2 in the SMstudy Guide® states that since an increasing percentage of consumers use the Internet on-the-go, having a mobile version of a website helps a business reach out to consumers across all devices connected to the Internet.  
Novelty in marketing is a tried and true way to grab attention and create interest in a company’s product or service. The SMstudy Guide®, Digital Marketing book supports this idea when discussing innovative internet-enabled business models.  It says, “The growing popularity of the Internet, smartphones and digital media provides opportunities for a company to not only use fragmented new-age marketing effectively to promote existing products, but also to come up with innovative business models where product demo, customer acquisition, and order fulfilment can also take place online.”
 In the case of Back to Vinyl: The Office Turntable marketing campaign, old school vinyl and new school technology come together to give a truly novel music experience that also allows for careful tracking on engagement. According to Kontor, of the 900 mailers sent out, they’ve had a 71 percent activation rate, which they claim is a 64 percent increase above their average. Sounds like they’re on a roll.

Thursday, 3 November 2016

One Step Ahead of the Game


The goal is to never go out of business, right? But how do you ensure your company stays in the black? Sure, it may take blood, sweat, and tears, but the to ensure you don’t go under to notice market trends and be willing and able to flow with them.
“I wake up every morning and think about how I can put myself out of business,” says Gary Vaynerchuk, CEO of VaynerMedia. What Vaynerchuk means is that every day he puts himself in his competitor’s shoes and thinks, “How could VaynerMedia be put out of business?” And the answer is simple really, be one step ahead of the game which is possible by performing a market trend analysis.
According to Marketing Strategy, book one in the SMstudy® Guide series, “A market trend analysis is an analysis of past and current market behavior and dominant patterns of the market and consumers. An important aspect of conducting a trend analysis for an organization is to obtain insight into the market scenario, consumer preferences, and the macroeconomic environment.”
Vaynerchuk stated that companies such as Uber and Airbnb should never have even been created. Not because there was no market for them, there was and we all know it, but because taxi and hotel companies should have capitalized on the market shift first before Uber and Airbnb has the chance to swoop in and snatch up a healthy chunk of their respective markets. By performing a market trend analysis, companies such as Hilton and Yellow Cab would have seen where the market was headed and could have predicted and evolved with the market.
Taxi companies blame Uber for putting their companies out of business, but they failed to do what Vaynerchuk does every day —look for trends in the market and adapt to them.  
Jon Nordmark, co-founder of iterate, singled out the online retailer Amazon as a good example of an innovative company that has evolved with the continuing development of technology. Not only have they surpassed other American online retailers by sixfold as of 2015, but they have also nudging into Fedex’s turf thanks to their Amazon Prime delivery options.
Since its Inception, Amazon has become complete lifestyle. It is a one-stop-shop for not only retail items, but they have also moved up to number eight on Forbes “The World’s Most Innovative Companies” list due to Echo, a wireless speaker and voice command service first launched in 2015.
Echo has it all: it plays music, answer questions, orders pizza from Domino’s, manages home security devices and air conditioning through voice control and will even request an Uber. Summing up Echo, CNET stated, “The Echo may be the closest thing we’ll have to a Star Trek computer at home.”
It may be nice for a company to feel comfortable, but it can lead to complacency. Instead companies should be looking forward to what is coming next. You never know if and when some college student in San Francisco might create the next best thing that fits just right in this evolving market and an existing company might miss its chance!
For more interesting articles visit SMstudy.com/articles
Sources:
Forbes, “The World’s Most Innovative Companies,” 2015. http://www.forbes.com/innovative-companies/list/3/#tab:rank
Gary Vaynerchuk, “Uber and Airbnb Never Should Have Happened the Way They Did,” May 13, 2016. https://www.linkedin.com/pulse/uber-airbnb-never-should-have-happened-way-did-gary-vaynerchuk?trk=hp-feed-article-title-channel-add
Jon Nordmark, “Amazon Ecosytem Lock-In = Prime + Echo+ 2lemetry,” May 12, 2016. https://www.linkedin.com/pulse/amazon-ecosystem-lock-in-prime-echo-jon-nordmark?trk=prof-post