I am an innovative marketer with a passion for the application of new technologies to solve business challenges. My interests include Interactive Marketing, Social Media, and other New Frontiers in Marketing.
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This post inspired by a recent dialogue on Barry Judge's blog (CMO of Best Buy) titled .com Strategy Musings
The Best Buy brand brings a certain experience to mind, which some like, some may not like, and others are indifferent to. I have driven by the corporate headquarters location every workday since the bricks were first laid. This past month, I had my first opportunity to visit for one of the Social Media group meetings (SMBMSP). For whatever reason, I was actually surprised that Best Buy was hosting the meeting. But I was pleasantly surprised by my brief visit. There was a certain buzz there that I didn't expect.
That experience leads to my thoughts on the original question regarding a dual brand strategy for Best Buy. Would a separate online brand strategy benefit Best Buy? I personally believe a dual brand would be the right direction to go for a couple of reasons.
First, a new online brand would provide a clean slate - an ability to avoid some of the predispositions that people have based upon their retail experience. For the near term, the online strategy may need to depart in many ways from the current retail and Web business model that Best Buy is now using.
Second, and I believe this is the key; there is an opportunity for the online brand to be designed and optimized to deliver an entirely new customer experience. That strategy may still leverage retail as part of the value proposition, but perhaps with retail positioned as a value added "partner" that enhances the customer-experience through a local presence. Ultimately that could provide a huge strategic advantage for Best Buy.
This new experience could be created through the adoption of a truly customer-centric methodology, with a distinct brand able to deliver that in a much quicker timeframe than possible if trying to shift the existing organization. Tailored initially for certain audience subsets and personas, this online brand could tap new markets, harness long-tail opportunities, and deliver a brand new experience for its customers.
Longer term this could ultimately strengthen the Best Buy organization, leveraging synergies across retail and online strategies while providing a distinctly differentiated presence in both areas.
Thinking about launching a blog, or wondering where this one is headed?
This article is for you.
This blog has been live for about 2 1/2 days now (launched the evening of September 15, 2008). I didn't want my very first post to be about "what's to come" but I do think its important to share my plans for this blog, because right now you are just seeing the tip of the iceberg.
I set out a few months ago to begin this project.Throughout my career I've always looked for ways to remain on the leading edge of thought leadership. In the field of Marketing, that means going far beyond what has worked historically / traditionally. To be on cutting edge of marketing, one must understand current trends in audience needs and their behavioral patterns. With that information, there becomes an opportunity to apply innovation to reach the audience in new ways and facilitate the desired engagement.
I've always had a passion for finding innovative applications for technology. Marketing provides an excellent field in which to do that, linking buyers and sellers in more customer-centric ways to create mutual value.
This blog then, becomes a sort of "sandbox" for me - to contribute original ideas, network with like-minded individuals, collaborate with other thought leaders, experiment with newer technologies and learn a lot in the process. I'm really excited about it.
Building A Blog Design Strategy
In my case (and probably a common situation), all content for this site, its design strategy, graphical layout, database and EVERYTHING else is coming from a single individual (me - for the moment), it is therefore important to prioritize the features and functions for rollout. Here are my current plans for this blog, that best meet the longer term goals that I have for it:
This list will likely be revised, updated as I continue to roll-out new capabilities.
I’ve been in various forms of marketing for about the last 15 years. In one form or another, marketing has attempted to create a connection between the buyer and seller – typically with the buyer almost as a kind of "prey" - the trophy to be acquired through the crafty positioning of a brand messaging.
And the messaging certainly does get through. As a member of the so called "targeted audience" – I still have the shrapnel of the mass-marketed tunes, rhymes and rhetoric from my early childhood embedded in my mind. “How do you spell relief?”, “The quicker picker upper”, or how about “Please don’t squeeze the…” you get the picture.
But things have changed or, perhaps more accurately, things are changing. The way you and I buy these days is much different from before. We’re not sold-to like we were in the past, acquired when pierced by the branded arrow of a crafty marketer.
In this era, Information has become a type of armor. It is this information (and sometimes disinformation) that deflects the rational brand messages, in favor of the messages we trust – those from our peers. And our access to that information has never been easier.
With the technology as the enabler, we have the information we feel we need at our fingertips – on our phones, our home computers, and in the workplace. And it affects how we buy. It doesn’t necessarily have to be GOOD information, we just need to perceive it as good. Our propensity-to-believe seems to be higher these days when the source is a perceived peer versus the marketing department.
Some Interesting Evidence
While doing some research on trends in social media and customer-centricity, I came across some interesting data. Using Google Trends, I was comparing the terms “Social Media”(blue) and “Social Marketing”(red).

While I was not surprise by the more recent rise in volume of the term “social media”, I was surprised to see the crossing of the trend graphs in mid-2007. Note that back in 2003, Social Marketing was searched for twice as often as Social Media. Since then, searches for Social Marketing have declined while searches for Social Media have slowly crept up. As of mid-2007, the term Social Media is in the forefront and rapidly advancing.
What does it mean? Could it perhaps be that marketers have finally reached critical mass for a new way of thinking? Instead of using media and tools to sell-to, or manipulate customers, can we now be looking instead to use the tools customers prefer to help them buy? Although these are not new concepts, does the data above suggest that the masses have finally shifted toward a new paradigm for marketing thought?