Posts tagged: marketing

Observations from Facebook's business

By , May 4, 2009 11:55 am

The previous article of mine sketched the architecture of Facebook’s business.

Bloomberg recently detailed how advertising, the main source of income, is done on Facebook.

Generally, some points from a business perspective can be drawn from this:

  1. Facebook turns market research from “push” to “pull”. Facebook users, who respectively are businesses’ consumers, are given the platform and are tempted to share their preferences in lifestyle without being directly asked by market research people.
  2. Lesson: while Sandberg affirmed “You want to target everyone? We can give you that“, more luxury products/services have higher chance to win than convenient goods. The reason is that people (consumers) usually associate themselves with things they believe make them perceived by their connections as connoisseur. Coca cola is a nice exception to this, partly because it is one of the most expensive brands in the world.
  3. Effects of relationship-centric of Facebook
    • Segment the market for businesses. People with similar demographic characteristics can be grouped together. It is more difficult to do so on ego-centric networks like MySpace
    • People are influenced by their friends and families. Marketing techniques using social and psychological influence can be used

Spreading the word for BarCamp Hanoi 2009

By , April 10, 2009 12:59 pm

BarCamp Hanoi

Barcamp Hanoi 2009 will be held on April 19, from 8.30 AM to 5.00 PM at RMIT International University, Hanoi campus – 2/2C Van Phuc Compound, Kim Ma street, Hanoi.

Topics may include, but are not limited to: online services, social media, startups, UI design, entrepreneurship, VC, Web 2.0 technologies, online marketing, online advertising, online payment, e-commerce, open source software, hardware hacking, robotics, mobile computing, bioinformatics, programming languages, even the future of technology or global issues.

REGISTER FREE HERE: http://www.barcamphanoi.org/?page_id=10&lang=en
WANT TO SPONSOR US: http://www.barcamphanoi.org/?page_id=12&lang=en

As a part of the community building process, we’re looking for people to help spread the word about the event.

SO WHAT CAN YOU DO?

* Add a badge to your websites or blogs (http://www.barcamphanoi.org/?page_id=130&lang=en)
* Write blog entries about Barcamp and Barcamp Hanoi 2009 (What is Barcamp?, Information about Barcamp Hanoi 2009, Sponsor for Barcamp Hanoi,…)
* Spread information about Barcamp Hanoi 2009 to people who may concern, maybe via IM, Discussion groups, Email, Twitter, Facebook,…

That would help us alot and make Barcamp Hanoi even more successful.

Thank you so much, we greatly appreciate what you do for Barcamp Hanoi.

***

Hội thảo công nghệ mở Barcamp Hanoi 2009 sẽ được tổ chức vào ngày 19/4, từ 8.30 sáng đến 5.00 chiều tại trường Đại học Quốc tế RMIT, cơ sở Hà Nội – 2/2C khu Ngoại giao đoàn Vạn Phúc, đường Kim Mã, Hà Nội.

Chủ đề không giới hạn, có thể bao gồm: Dịch vụ trực tuyến, social media, startups, thiết kế giao diện người dùng, entrepreneurship, Đầu tư mạo hiểm, Các công nghệ Web 2.0, marketing trực tuyến, quảng cáo trực tuyến, thanh toán trực tuyến, thương mại điện tử, phần mềm mã nguồn mở, hardware hacking, robotics, mobile computing, bioinformatics, các ngôn ngữ lập trình, công nghệ tương lai, các vấn đề toàn cầu…

ĐĂNG KÝ THAM DỰ TỰ DO TẠI ĐÂY: http://www.barcamphanoi.org/?page_id=10
TÀI TRỢ CHO SỰ KIỆN NÀY: http://www.barcamphanoi.org/?page_id=12

Là một phần của quá trình xây dựng cộng đồng, rất mong các bạn giúp đỡ quảng bá sự kiện này đến những người quan tâm.

BẠN CÓ THỂ LÀM GÌ ĐỂ GIÚP ĐỠ BARCAMP HANOI?

* Thêm phù hiệu Barcamp Hanoi vào website hay blog của bạn. (http://www.barcamphanoi.org/?page_id=130)
* Viết blog về Barcamp Hanoi (Barcamp là gì?, Thông tin về Barcamp Hanoi 2009, Tài trợ cho Barcamp Hanoi,…)
* Gửi địa chỉ trang web này và giới thiệu với những người có thể quan tâm, có thể qua Yahoo! Messenger, Email, Forum, Twitter, Facebook,…

Việc này sẽ giúp những người tổ chức rất nhiều và làm cho sự kiện thành công hơn nữa.

Cảm ơn các bạn, chúng tôi thật sự rất cảm kích những gì bạn làm cho Barcamp Hanoi.

Facebook on its way of becoming Facebuck

By , March 24, 2009 12:21 pm

1. Facebook Fan Page turns out to be their depot for businesses.

See the URL facebook.com/business/dashboard/

A quick note that interaction with pages is the only thing you can’t put a privacy setting on. This is a rather aggressive move of Facebook.

2. Facebook redesigned its Fan Page to take after Profile layout

  • Save the time to learn how to manage Pages for owners
  • Save the time to learn how to interact with Pages for users, respectively businesses’ customers
  • Increase interactions between users (customers) and Pages (business owners)

3. Facebook redesigned its homepage which gives more space coverage to applications. The more applications monetize, the more Facebook earns commissions.

Quick note: where is the big penny going to?

By , March 24, 2009 11:45 am

My caution toward Google was unnecessary and over-acting.

Google has increased their involvement in Vietnam online market by investing in the infrastructure and services. I consider load time is a quality of service.

Yahoo! is extending their presence by marketing and education efforts.

Friendster is crawling in through localization and services.

Meanwhile, Microsoft hasn’t shown a visible sign of interest in monetizing the Vietnam online market. It’s understandable as they’re putting efforts on the competition against Google and Mozilla.

sannhac.com as platform

By , January 16, 2009 11:20 am
  1. Platform for (1.0 – 1.5) product marketing
  2. Platform for keeping the heat of singers
  3. Platform for boosting, measuring and managing consumer (music purchasers) loyalty
  4. Platform for viral marketing
  5. Platform for fan pages

Just my quick thoughts.

baomoi can monetize by answering the question "What does the press say about me/us"

By , January 1, 2009 10:24 pm

baomoi.com announced that they can help an entity (a company, a brand, an organization, an individual…) answer the question “What do they (the press) think about us?!”

This makes good business!

So as to elaborate why this makes good business, here’s a scenario of how demand will raise for this service:

The scenario

Company C launches product P. P’s brand manager M wants to observe reactions to P with different metrics. Response from the press is one important channel and M can choose to use baomoi’s service. The cost will be planned to conventional marketing budget.

It’s conventional!

What I mean by conventional is: while some businesses start to grow weary of social media, newspaper is considered non-2.0. The budget can be planned to conventional thus would raise no concern of debate around the board of C.

It’s measurable

Business objectives need to be measurable. This services can actually return concrete numbers for their users customers.

Recommendations

  1. Tech first. The business model can return only when satisfactory results are returned to customers. This requires technology focus.
  2. Consultation. They want a consulting team consisting of people who don’t only know their own business but also have good domain knowledge of different industries so they can provide consulting service to customers in additional to the core business. From my observation, baomoi has had a foreign-trained COO.
  3. A decent CFO who can turn opportunities to profits.

What do you think of this service?

How to explain Twitter to your purely-business peers in less than 10 minutes

By , December 14, 2008 11:50 pm


In Software Development, cosmetic defects gradually and eventually hurt much

By , July 12, 2008 1:39 am

Have you been bitten by an ant? Did it hurt much or was it just itchy?

Have you imagined being thrown to an ant nest? People might get killed from a whole herd of these small creatures.

The same visualization happens to the quality of software products.

Cosmetic and Severity

In a software project, Severity of a defect is often weighed on different levels. Through the terminology might vary, four levels are usually used: Critical, Major, Minor, and Cosmetic.

  • Critical is when the defect hangs the program or stops the business completely
  • Major is when a the program yields an unexpected result or a business rule is violated severely
  • Minor is when an unexpected result can be neglected or a word-around can be used
  • Cosmetic refers to usability issues, misspelled words, graphical designs like indent or color palette

Critical ones always receive highest priority to be fixed immediately. Major and Minor ones depend on the complexity and cost of the defect.

What I want to discuss here is Cosmetic defects.

Color palette. Cosmetic

Cosmetic are trivial

Since Cosmetic defects don’t normally stop the business or make transactions go wrong, they usually receive lowest priority. Next, because everyone is busy, every team is busy, these defects might never be solved and just stay there in the bug-tracking system.

“Cosmetic ones are trivial to fix”, said many developers. Yes, one defect on font size or misspelled word may take no more than 5 minutes to be complete flushed. And yet, it is trivial to be fixed…

However, on some occasions, cosmetic defects are one of the hardest ones to debug. It happened once when my team was developing a state-of-the-art system on .NET 3.0 beta in 2005. Because the platform was still in beta, many controls such as grid were not fully supported. When data in the grid could not be managed, the R&D team managed to code the control themselves. It took the three men 2 months for this task. 66 man-days was not an easy number, but since the customer wanted it so badly, on the way they went… Half a year later, the control were fully supported by Microsoft!

Well, the story above is just one exception, let’s get back to our commonly accepted perspective: Cosmetic defects are so trivial they simply itch rather than hurt anyone.

However, from the other side of the line, things are 179 degree different…

The customer simply doesn’t see as a developer sees, or vice versa

The time of “give me a useful application” has long passed. Customers nowadays yeld for “useful and beautiful suites”. Sad but true, users take for granted the functionalities a system has to offer; they don’t care the perfect architecture the development team may be very proud of. This is true it hurts.

Quick ‘n’ flick Google products, highly elegant Apple products and glossy Web 2.0 design are some of the things that plant the desire for beauties in software users today. Presenting users a messy, inconsistent system with easy-to-spot mistakes upsets them greatly, and expect recession in sales figure.

To make things worse, with more communication channels than ever information travel so fast within vertical communities that the brand of the software might be severely “injured”.

Conclusion

Is it time we reconsidered how critical Cosmetic defects have grown to be? I believe no time is better than now to sit down and put our hands on these trivial, 5-minute improvables.

36 Reasons why people Word-of-Mouth

By , January 26, 2008 11:26 am


5 steps to Make Profits from your Customer Supports

By , September 29, 2007 4:23 am

Abstract

This article gives a guide on how to make profits from an enterprise’s Customer Supports function. Two advanced business opportunities are discussed. It also describes the impact of technology, process and strategy in the business renovation.

Customer Support: From the traditionally cost sector…

Customer Support function has long been considered a cost to business, as it rarely brings more values.

Well, is it the case? If it is accused to not bring values, is it possible that they did not attempt to get value from it?

…To getting golds back from the star-fruits quezacotl

Quezacotl

“Vietnamese folklore goes that once upon a time, a man was very annoyed by a strange large bird eating the star-fruits in his garden. He tried to trap the creature and when he succeeded, the bird offered to carry him to a gold island to be released. The man became prosperous with the gold he picked from the isle after then.”

You can get a high Return on your Investment into Customer Support.

Many entrepreneurs know that good customer support is what makes customer happy and thus more willing to buy more and/or spread the good words. Customer Support has been recognized as a PR tool rather than.

Customer Support can be exploited to:

  • Increase customer satisfaction
  • Develop customer loyalty
  • Make the current customers spread the good word: the famous word-of-mouth marketing technique
  • Build a community of customers
  • Enhance the brand of the enterprise

Now, let’s push it further than that.

(1) Customer Support to increase employee satisfaction

Employee satisfaction is an intangible value of any enterprise. In real life, business development and employee growth is generally mutual exclusive. A way to solve the dilemma will be discussed.

(2) Customer Support as competing Strategy

Becoming the first in the industry requires good Strategies. Maintaining the position requires better Strategies. With the rapid flourishment of the knowledge economy, technology has come in place to revolutionize strategic planning. More on strategies coming next…

How? The five steps

1. Just read

Before actually doing it, it’s advisable that you explore what need done in order to achieve your goal. This article’s got it all for you from a very high level view.

2. Automate it

Employees who do the Customer Supports are agents with specific customer management and troubleshooting skills.

Agents’ tasks are repetitive and require a high level of concentration and accuracy. On the other side, managers want to be updated periodically and recurrently without having to micro-manage. This can put a lot of pressure both employees and team leaders.

Ultimately, now that we are setting the business objective very high (remember all the items covered above?), it would be next to chaos if all things are done manually.

The work must be automated. It is then agents are provided with tools to complete their works, checklists so as not to miss any item and instant support when they need it. Managers receive reports, statistics and figures to analyze and make decisions. Furthermore, automation saves man-hours so the firm may concentrate on developing the most talented workers. Eventually, automation frees all levels from tedious and repetitive works to spend more time on thinking how to improve the process.

A system should be in place to do the harder works so that people can work smarter.

3. Establish a process to support it

For any system or workflow to work properly, the process must be modified to support it.

Process has to be defined so as to gradually switching from paper works to entering and obtaining information from the systems installed.

Re-defining the process is the next investment an enterprise has to spend. However, the Return on Investment shall be well worth it. With automation in place, costs of some processes themselves will be cut down significantly.

For example, it used to take at least 15 minutes to search for a file of a customer in a heap of documents. Now it takes maximum 15 seconds to get all information of that customer by searching in database. That makes it 32 times faster!

So far, Statement (2) has been explained.

Strategy - Process - Integrated Systems

4. Mean to really support it

When the system and the process has been in place is the time for training and changing the habit of users. Training effectively has been difficult enough, making a change is even more.

It requires high commitment and strong confidence from Board of Management to request, encourage and motivate employees into the new environment.

Eventually, only if the change is seen as the key strategy to compete will all of its potentials be unlocked. Nothing is more powerful than union between all attending parties, strategies, processes and the product.

5. Let the whole world know

Just what are you waiting for? Let the whole world know
that you’re different,
that you have leaped ahead of all your competitors,
that your customers will be served the best way possible.

Life Business prospect has never been as bright.

Case Study

Suppose you’re the owner of an electronics retailing chain.

You may want to know the level of satisfaction of your customer. You will conduct a survey using Customer Relationship Management System (CRM). Since most of your market segments use the Internet regularly, it is easier to release the survey in electronic format.

To ensure that the survey is done correctly, you may want to arrange your agents to help/guide your (potential) customers through the survey. How do you know if your agents are doing well? Start the Quality Monitoring (QM) System. It will track the interaction between you agents and customers, be the media text chats, audio or video. After saving the interaction, you can always review and remark the performance of any specific agents.

Oh! Some agents are not doing as well as you expected. What will you do? It’s suggested that you review their skill set and portfolio in the Human Resource Management System (HRMS) to make judgment on how to grow them to the required level.

After obtaining the information on the agents, you may want to send them to Training. Today, training doesn’t have to be formal classes with costly instructors from outside. For your information, thousands – I mean hundreds of thousands – training courses, from business to technical, from soft skills to customer management, have been packaged in the form of e-Learning, delivered to your PC, and always ready to launch.

After the training, expect “Wow!” expressions from your beloved customers!

Now that your employees receive adequate feedback of their performance and personalized training addressing their gaps. Their productivity and loyalty will increase proportionally. Happier agents, happier customers too. By the way, has this solved the problem (1) listed above?

The whole process covered above should always be put under supervision. Thank goodness, software can do the micro-tracking for you. With information collected, it is time for Information Analytics power to shine. You can ‘teach’ the software to ‘know’ your Key Performance Indicators (KPI) and it will compare the actual performance against your goals to produce conclusion, warnings and predictions.

At the very end of the process, Reports only need to be generated for You to know everything you want, with as few key hits as you want.

CRM - Quality Monitoring - Workforce Management - HRM - e-Learning - KPI Scorecards

Notes

Please note that while I described this scenario for Customer Support only, similar approach can be used on a wide range of business functions: sales to production management, delivery to marketing. Software can be much more powerful if you know how to exploit them.

The case above involves several systems/modules. Theoretically, CRM and HRM systems are typical of Enterprise Resource Planning (ERP) Systems; Quality Monitoring, Training, KPI are typical of Workforce Optimization Systems.

Conclusion

It can be concluded that from my analysis, Customer Support should no longer be considered a cost. Instead, it brings more opportunities if it is used the right way, is supported with functional systems and appropriate processes and is lead by a clear strategy.

Acknowledgment

with special thanks to:

Gideon Schipper, Business Analyst Manager, First Consulting Group Vietnam

Minh Nguyen, Business Analyst, First Consulting Group Vietnam

Phuc Nguyen, ASEAN System Manager, Procter & Gamble

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