Social Media Marketing: An Hour a Day (9780470344026): Dave Evans, Susan Bratton

http://homewealthproject.com/wp-content/blogs.dir/1/files/HLIC/6885299012431803a784c96b4410b5fa.jpg Social Media Marketing: An Hour a Day and over 630,000 other books are available for Amazon Kindle Amazon s new wireless reading…
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Results, sentiments a mixed bag for the markets-Financial Times-Features

http://homewealthproject.com/wp-content/blogs.dir/1/files/HLIC/15983a0d1be62d54783f5ef13e2c8616.jpg Last week the markets consolidated their positions over the key resistance levels. However, analysts believe investors should remain cautious as…
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Book Review: Drive by Daniel H. Pink

drivepink150.pngDrive: The Surprising Truth About What Motivates Us by Daniel H. Pink is one of those books that makes you wonder why we are having so much trouble getting over the command-and-control/face- time-and-billable-hours business models. In a nutshell–or should I say, in a “tweet”–which Pink so gamely prepares for us: “Carrots & sticks are so last century. Drive says for 21st century work, we need to upgrade to autonomy, mastery & purpose.”

While Drive is like a lot of business books that focus on a new trend–i.e., really just an extended magazine article–it does hammer home some salient points. What I liked was that it broke down which types of work can be motivated by carrots and sticks and which types of work can’t. 
Of course that explains what could be the downfall of the book/theory: How do you treat different parts of a single company differently and then make it all blend together? The examples within the book were often “all in” ROWE, or results-only workplace environments. A company realistically would have to learn how to be more of a hybrid–adapting appropriate managerial behavior to its diverse employees.  That could be extremely difficult to implement.

Below are some of the points that jumped out at me:

  1. Times have changed, but most companies haven’t. I thought Pink made a great point at the beginning when he posed the question, in 1995, which “encyclopedia” would people  expect to survive–Encarta or Wikipedia. Only a very few would’ve imagined a Wikipedia world back then, where people would voluntarily participate in the crowdsourcing of an online encyclopedia.
  2. We have moved from a Motivation 2.0 world (rewards and punishments) to a Motivation 3.0 world (inherent satisfaction in the work itself). In other words, routine tasks may still benefit from incentives (i.e. Motivation 2.0); but for creative ones, incentives can have a limiting effect (i.e. Motivation 3.0)
  3. There are three elements to Motivation 3.0: Autonomy, Mastery & Purpose.

Autonomy

  • An example of a company “getting” autonomy is Google, which has 20 percent time–where engineers are free to work on anything they like. Some of the products that came out of 20 percent time are gmail and Google news.
  • Zappos CEO Tony Hsieh looked even deeper into autonomy: “Studies have shown that perceived control is an important component of one’s happiness. However, what people feel like they want control over really varies, so I don’t think there’s one aspect of autonomy that’s universally the most important. Different individuals have different desires, so the best strategy for an employer would be to figure out what’s important to each individual employee.”

Mastery

  • Under mastery, I found his discussion of learning French to be quite illuminating.  Learning French to pass a test is not the same as having a goal of speaking French.  Both can fuel achievement, but only one leads to mastery. Seems in the latter, the goal is to learn; in the former, it’s to prove you’re smart.
  • Mastery happens when people get in the “flow.” But, Pink cautions, “As wonderful as flow is, the path to mastery . . . is not lined with daisies and spanned by a rainbow. If it were, more of us would make the trip.” At this moment in the book, I’m thinking of Malcolm Gladwell’s Outliers and the 10,000-hour rule. Yet, perhaps Julius Erving said it best: “Being a professional . . . is doing the things you love to do, on the days you don’t feel like doing them.”

Purpose

I didn’t make too many notes in this section, because this seems to be what we’ve been hearing for years: People want a purpose-filled life and work. For the first time, this made more sense to me as a feasible goal because Pink couples it with the other two concepts of autonomy and mastery.

Daily Dose Bottom Line:
One thing this made clear is that there is a huge mismatch between what science knows and what business does. Yet whenever there is a gap, it means there is opportunity. The companies that understand how to motivate the workers of tomorrow will be the ones that “drive” us forward.  Highly recommend for anyone managing creative types.

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How Inventors Can Partner to Win

inventors-partner-win.jpgAs a consultant, I often meet with inventors who’ve created–and sometimes even patented–an innovative product that has the potential to take the marketplace by storm.

The problem: It takes more than just ingenuity to get a product onto retailers’ shelves and into the homes of millions of American consumers. It takes money, marketing and distribution–and most inventors don’t have any of these things.

That’s why I often send inventors like these to Michael Weinstein, an entrepreneur and internet marketer who runs the Internet division of
Lipenwald Inc.,
a 60-person direct-response marketing company that finds,
creates and markets consumer products through the internet, catalogs,
direct mail, retail and television. As Chief Internet Officer, Weinstein
is
responsible for finding products, driving website traffic and
increasing internet revenue, as well as ensuring effective online creative
development
and execution for more than 200 websites that offer thousands of products
ranging
from collectibles and horticulture to cosmetics and “As-Seen-On-TV”
general
merchandise.

“Most inventors do not have the resources, the experience or the capital to take a product from concept to market,” Weinstein says. “From manufacturing an item to
creating an offer, producing and airing television commercials, creating and
marketing websites and fulfilling orders, these are tasks that are not familiar to most inventors.”

That’s where Lipenwald comes in. Rather than charge inventors for its go-to-market services, Weinstein’s company partners with them, taking the product from conception through marketing, manufacturing
and distribution. Typically, Lipenwald seeks out inventors who
have products or product ideas that the company believes have
mass market potential. Lipenwald then manufactures the item, purchases large quantities of the item after market testing, and stores the item in its warehouse while driving sales through a multimedia marketing campaign. Lipenwald has successfully marketed hair-removal
products, automotive products, pet products and collectibles.
 
“We only succeed if the product
succeeds, and we assume the risk,” Weinstein says.

Tapping his internet marketing experience, Weinstein has been able to spark discussions of his company’s products on social media sites and online discussion boards. Weinstein
also uses the internet to increase brand awareness and to generate sales
through e-mail marketing, affiliate marketing, display advertising, search
marketing and viral marketing.

“We are always looking for affordable, quality products that solve a common problem,” Weinstein says, “the kind of products that save you money,
make your life easier or both.”

Inventors can submit their inventions or product ideas at Lipenwald’s
website at http://www.lipenwald.com.
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Wall Street Journal: Media and Marketing How concerned are you about advertisers and companies tracking your behavior…

The Wall Street Journal conducted a comprehensive study that assesses and analyzes the… technology that companies are deploying on Internet users.
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A Socially Networked Company Makes for a More Human Workforce

I love how social media has made our world just a little smaller — bringing people together across the globe who might not have met otherwise.
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GOP recess manual emphasizes daily ‘retweet,’ social media

A social-media push makes sense for the House GOP on the verge of election season. Republican members have already outpaced their Democratic…
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20 Startups Vie to Power PepsiCo’s Next Social Media Marketing Campaigns

http://homewealthproject.com/wp-content/blogs.dir/1/files/HLIC/992db2d7166b43384725ae4df1228301.jpg What’s next for marketers in the realm of social media, mobile, location and digital video? That’s what a room full of PepsiCo executives,…
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10 Words You Should Never Use When Internet Marketing

Internet marketing, also referred to as e-marketing or i-marketing, is fast becoming the way of the future. But as with any form of…
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Augmented Reality comes to Social Networking

Bit Rebels is the premiere blog for geeks interested in technology, design, tutorials and industry news as well as social media. In today’s fast…
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