Common Pitfalls on Both Sides of the Discount / Don’t Discount Debate

One of the best marketing experiences of my career was working with a team of ecommerce veterans at BookRenter. Couponing is a complex needle to thread. A generation of founders who venerate Steve Jobs tie themselves in knots wanting to avoid discounting, and fail to grow the business. Meanwhile promotion-happy marketing teams can train customers to wait for discounts before purchasing, destroying margins and devaluing the brand. Here’s my framework for doing it right.

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Thoughts on Merchandising, Social Recommendations, and Content Curation

I was following the twitter of Oyster CEO Eric Stromberg’s twitter when I came across this article on curated content vs. recommendation engines. Oyster is a new startup in that hopes to become Netflix for books. As you can imagine, given my background at two different startups that aspired to be “Netflix for Textbooks” you can image I was quite interested and had some great subsequent discussions on the right mix between different types of recommendations and this area of “product discovery.”

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The Fundamentals of Viral Loops

Social sharing features are oftentimes called viral loops. A company’s goal with a viral loop is to incentivize a user to share the product with her friends. The thinking being that if she likes the product, and she gets a small incentive for sharing, she will tell all her friends, and the product will grow in popularity.

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Marketing before you have a Marketer

So, you’ve just graduated from that incubator, received a round of angel funding, or even secured your series A. You may or may not actually have anyone with any marketing experience handling your marketing. Here are the 5 things I would handle, or hire someone to handle, to tide-you-over until you reach a point where you’re ready to bring-in your first full-time marketing hire. I can even suggest people who will consult and handle these things for you. Keep in mind none of this is the stuff I specialize in, nor is any of this going to help you grow or scale. These are the fundamentals you should be thinking about before you’re ready to scale. And these are the fundamentals that, across my experiences, often get overlooked and can be expensive – in terms of time, money, effort, and credibility – to clean-up later.

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Six Considerations to Get Started with a Blog

Anu and Dolly – two friends from LA – recently reached out asking me for advice on how to start a blog. Anu wrote “didn’t you once write a blog about how to write blog.” I thought to myself, “hmm.. That’s something I would totally write.” so I looked as far back as 2008, and couldn’t find anything. I had to write-up something new for her, and thought I would refine & share it with others. Then, in the process of researching, I decided it was high-time I updated my own blog, and less than 24 hours later, my new blog is up, in the old location, at www.dailydoseofpras.com. And here, now, for your pleasure, are some recommendations on how to start a blog:

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Apple is the new Evil Empire

Unlike Google, whose mission statement was “don’t be evil,” Apple has never had many qualms about acting like a dick. Don’t get me wrong: I think Apple’s (And Steve Jobs’) marketing and brand-positioning is genius. Microsoft, on the other hand, desperately wants to be everything to everyone, and, as a result, continues to build lowest-common-denominator-products and create lowest-common-denominator-marketing campaigns. Microsoft, for example, has to continue to support the 10-year-old Windows XP operating system to keep existing customers happy. Apple’s “take-it-or-leave-it” prickishness is brilliant – they’re attitude is essentially “if you have a problem with it, just leave.”

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How to Motivate Brand Ambassadors

You will probably never meet anyone who has spent more time thinking about this than me. So I thought I’d share some of my thoughts on this topic. If any of you reading this happen to have been part of any of the brand-ambassador programs I’ve managed, I’d love for you to leave your thoughts as well. Fundamentally, I hope the message here is that in order to create an army of people who are passionate about your brand and will spread it for you, you need to be authentic with them, give them genuine reasons to want to engage with you that go beyond money, and find things that you can offer them that cost you very-little but give them great-satisfaction.

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Audi’s Facebook Campaign with Klout – better for Klout than it is for Audi

Let’s start with the basics: Klout is a tool that helps to measure someone’s social media influence score – or essentially – it’s an algorithm that calculates your score based on your # of friends, how influential you are, what kinds of conversations you have, how often you get ReTweeted, etc. The algorithm itself is not public, but it’s something that brand managers and social media folks are starting to pay attention to. Theoretically you want to increase your brand’s social media influencer score. and theoretically, you want to target your most-influential followers / fans / users and activate them, and empower them to market on your behalf. so figuring out which of your fans really are the key-influencers is obviously important to a brand like Audi.

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The Newest Facebook Phenomena: Secret Cities like Secret Seattle

While most of us where scratching our heads wondering who our celebrity doppelganger might be, there was a second more fascinating Facebook Fad afoot. After the tremendous success of a Facebook Group called Secret London – which quickly amassed over 180,000 in as little as 18 days, similar groups such as Secret New York began cropping-up around the country. The idea behind the group was that members wanted to share and learn about “hidden gems” in their city – that hidden-away Thai restaurant above the warehouse, or the secret bar you had to enter from the alleyway. I had read about Secret London’s success on TechCrunch, and after a quick search discovered that there was indeed no Secret Seattle, and so I decided to start one.

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5 Networking Tips from Dictators, Drunkards, Authors and Salesmen

I’ve come to a bit of a quarter-life crisis. Questions have been raised that I don’t have good answers to. “What’s the next step? “Where do you want to be in 5 years?” It seems we are all struggling with such questions. I can’t tell you how many amazing young people I know who have been axed in the past month – and how many more I’m talking to every day, who are 22, graduating, ready to take on the world, but can’t find a place to start. One recently came to me, asking for tips on how to approach his job search. I told him I wasn’t an authority on the subject, but I’d read a ton and talked to plenty of people who did know a thing or two. I decided to write some ideas down, especially the more unlikely ones.

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Google Apps vs. Microsoft Office – The Next 3 Years

Here’s the problem. Microsoft Office was built in a world without internet. And until it’s clones free themselves from 1980s thinking, we will never see true innovation. Office was built in a world where you created a document, you finalized a document, and then you printed it out, and its existence continued as a static piece of paper in the real world. A letter is typed, printed, and mailed. It is static. That’s not how we operate today. Today, documents are living breathing things that evolve and represent ideas that evolve and have context. And an email is simply a way of communicating our current status, relationship, or news, it should not remain static. Today’s solutions still don’t come close to solving for this change.

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