What I learned at The Art of Marketing

Gary V on StageThis past Monday I had the pleasure of attending one of the greatest conferences/events I've ever attended in my life... The Art of Marketing. I was lucky enough to win a ticket on Twitter via a contest held by a great Canadian company called TechVibes. The conference featured a set of 5 keynote truly inspirational keynote speakers: Gary Vaynerchuk, Avinash Kaushik, Jeffrey Hayzlett, Sheena Iyengar and Guy Kawasaki.

The learning everyone was able to achieve in that one day was enough to keep us going for years. Each of the speakers had a unique perspective into a different aspect of marketing and combined to give every attendee some actionable advice to take home. I put together a small document of some tweets that I gathered from the day but another marketer named Eric Buchegger wrote up a twitterific summary on his blog. Toronto - the venue for the conference

Here are my favourite quotes (which I turned into tweets) from the day and what I believe marketers can learn from them: 

1. The more innovative you are, the more resistance you will encounter (Guy Kawasaki) - If you cause a stir, people will pay attention. Think of the most recent disruptive technologies or rather, think of the companies that have been affected: Borders... Blockbuster. Changing the status quo is bound to rattle a few feathers and in doing so there will be serious resistance to what will inevitably be disruption. Never be afraid of resistance. In fact, Seth Godin emphasizes this point many times in Linchpin and although I haven't read it yet... his new book Poke the Box is about how to initiate action (whilst overcoming the resistance). 

2. If moments aren't shared, they lose their power (Jeffrey Hayzlett) - Any marketer that does not consider incorporating a social feature into a campaign/product/service/anything he or she builds... is a fool. Social is the new norm. More and more companies are beginning to build themselves entirely around the concept of sharing (e.g. Instagram). If you share a moment, you create a memory that has a higher chance of recollection than if you experienced a moment alone. Recollection and association are two fundamental principles to all marketers and as such, sharing should be an inherent feature to anything a marketer builds. 

3. Social has scaled caring (Gary Vaynerchuk) - The more I learn about Gary V, the more he inspires me. His passion for caring is contagious and needs to infect every business in the world. According to Gary, social media has actually taken us back to the old days. The days where there were only Mom and Pop stores and the employees knew the customers by name. Social media has now given companies a chance to learn about and more importantly care about every single one of their customers. As a consumer, just think of how you would feel if a brand reached out to you personally and provided you with some kind of meaningful experience... This is the future Gary V envisions and I think it is one we all need to jump on board with. 

Final thoughts: If you ever have a chance to attend an Art of Marketing event (they are mostly held across North America) you should certainly try and do so. The learning is truly phenomenal. The biggest takeaway for me from the event is that marketing has become very personal. Forget big traditional campaigns and start focusing on catering to the needs of individuals. 

What I learned at TEDxWaterloo

The stageIf you have not done so already, try your best to attend a TEDx event (or even a TED event). It will open your eyes. The speakers will blow you away with discoveries, melt your mind with their intelligence and enchant you with their stories. Today I had the true pleasure of living one of my long time dreams of attending a TED event, it was actually a TEDx event and happened to be the biggest one in North America... TEDxWaterloo

The theme of this event was the idea of discovering, exploring and challenging the uncharted. The list of speakers was truly fantastic (some who I had not heard of before, but some who I certainly had). A few speakers who stood out to me were: Jean Francois Carrey, Abby Sunderland and Vicki Keith. Here are 3 quotes which I managed to capture from these 3 speakers:

"Passion is contagious. Enjoy the journey." - JF Carrey

"What are you going to do when your rouge wave hits? " - Abby Sunderland

"Create your own reality." - Vicki Keith 

I could quite easily write a blog post about what I learned from each of these great speakers but instead I'm going to just try and summarize what I learned from the entire experience into 3 points:

  1. The world is getting smaller - Today's event was broadcast live on the Internet to everyone in the world who was willing to pay attention. Quite frankly, it was amazing to see that there were people in other parts of Canada, responding to things that were happening on stage in Waterloo. The Internet has allowed for so much to happen (revolutions in Libya and Egypt have made this idea even more prominent) that I truly believe you can achieve an uncharted amount of collaboration through it. WhatMemorabilia  we're doing now social media/skype/email/telepresence ... that's all just the beginning. 
  2. Achievers are not bound by impossibilities - To them, there are only ... different possibilities. I think Vicki's speech is really what drove this point home for me. She talked about how a young girl (Ashley Cowan), despite being a quadruple amputee... swam across Lake Erie in 2001. Unbelievable story. It made me realize that if you ever want to achieve something truly (and I mean truly) amazing, you should not even consider the word impossible. Vicki and her stories proved that anything is possible.
  3. Take time to remember the moments - JF Carrey talked about his journey on Mount Everest. He said it took him 6 years to train for the event... and he spent a total of 20 minutes on the summit. 6 years worth of work... for 20 minutes. Think about something you've experienced or are about to experience... how long have you prepared for it? How long are you going to get to experience it for? How long have you been looking forward to it? What I've learned is, no matter how long we've been preparing... when we actually do what it is we've been waiting for... we have to try and remember the moments. It's tough, it's very very tough especially if you really get into the swing of things and end up doing a million things a minute at big events (or on big days). Try your best though to remember the moments. 

Final thoughts: The whole notion of the uncharted, kept reminding me of a song by one of my favourite artists - Sara Bareilles - conveniently called uncharted. I remember seeing her live and hearing her talk about how this song was actually what got her out of writer's block and actually managed to kick-start her new album. I think it's pretty serendipitous that she discovered her new self by writing a song called uncharted. TEDx thought me that a lot of our lives are still uncharted. It's up to us to find the passion to change that. 

A Constant Stream (Podcast)

Is YouTube the future of television?

Source: Google ImagesBy the time you've finished reading this post, more than 35 hours of video content will be added to YouTube. Here is a direct quote from YouTube's blog: "Another way to think about it is: if three of the major US networks were broadcasting 24 hours a day, 7 days a week, 365 days a year for the last 60 years, they still wouldn’t have broadcast as much content as is uploaded to YouTube every 30 days." Just let that sink in for a minute... 

Ok great another 35 hours just got added. 

YouTube has 3 significant advantages over traditional television: Choice, ubiquity and interactivity. Before I go on to explain each of these factors, I want you to seriously consider the possbility that YouTube may become an original content provider very soon. YouTube is also looking into streaming live sports and movies. Ultimately, I believe that Google's goal with YouTube is to allow it to become the only entertainment platform that any consumer would ever need. That being said, here are 3 reasons why this dream may one day become a reality:

1. Choice - YouTube gives a consumer an almost limitless amount of choice. Not only in terms of content (a variety of different channels) but also in terms of picture quality, playback speed and playback time. Essentially, I can choose to watch something when I want and how I want. Yes a PVR may provide you with this same functionality but it lacks one big factor... 

2. Ubiquity - I can watch YouTube where I want. The growing ubiquity of the internet and web-connected devices like smartphones and tablets has given YouTube a tremendous advantage over traditional television. Unless you have a device that can stream your TV to other devices elsewhere (like a slingbox), with traditional television you are limited to the confines of your couch. On the other hand, you can be entertained by YouTube from any location that has a decent internet connection. 

3. Interactivity (most important for marketers) - This is probably the greatest advantage YouTube has over traditional television. Firstly, YouTube is inherently a social platform. It already has a growing community of users and it allows users to easily share content across different social networks. This offers content producers a new level of measurement beyond what traditional TV offers ... the viral spread. Furthermore, with YouTube's new advertising platform TrueView, users can essentially give permission to be marketed to. This not only helps marketers understand what type of ads work better, but also gives users a feeling of control over the marketing message, rather than the constant barrage of messages that traditional TV offers. The final aspects of YouTube that make it a dream for marketers are: the targeting of ad messages (YouTube is owned by Google so you can only imagine how successful YouTube search ads have the potential to be) and the extension of ad messages (Since YouTube is an online medium, extending an ad onto a webpage or social networking site becomes extremely easy for marketers). 

Final thoughts: The only thing which I can see standing in the way of a YouTube television revolution... is tradition and in a way... habit. Ever since its introduction, people have become used to sitting on a comfortable couch/chair and being entertained by their TVs. In order for the revolution to come into fruition, connected televisions need to start replacing regular cable/sattelite boxes. Tradition should fear, disruption is near. 

Disrupting Traditions (Podcast)

Sherlock Holmes on Strategy

Source: Google ImagesI am an avid fan of Sir Arthur Conan Doyle's most well known fictional character... Sherlock Holmes. In many ways, Holmes was a genius and he is arguably the greatest (fictional) detective that has ever lived. What made Holmes so brilliant? In his first appearance, Sherlock Holmes reveals what I believe to be one of the keys to his success. The following is a quote when Watson expresses his astonishment at Holmes' lack of knowledge that the earth travels around the sun: 

"You appear to be astonished," he (Holmes) said, smiling at my (Watson) expression of surprise. "Now that I do know it I shall do my best to forget it."

"To forget it!"

"You see," he explained, "I consider that a man's brain originally is like a little empty attic, and you have to stock it with such furniture as you choose. A fool takes in all the lumber of every sort that he comes across, so that the knowledge which might be useful to him gets crowded out, or at best is jumbled up with a lot of other things so that he has a difficulty in laying his hands upon it. Now the skilful workman is very careful indeed as to what he takes into his brain-attic. He will have nothing but the tools which may help him in doing his work, but of these he has a large assortment, and all in the most perfect order. It is a mistake to think that that little room has elastic walls and can distend to any extent. Depend upon it there comes a time when for every addition of knowledge you forget something that you knew before. It is of the highest importance, therefore, not to have useless facts elbowing out the useful ones."

"But the Solar System!" I protested.

"What the deuce is it to me?" he interrupted impatiently; "you say that we go round the sun. If we went round the moon it would not make a pennyworth of difference to me or to my work."

(Taken from: A Study in Scarlet, Chapter 2 by Sir Arthur Conan Doyle)

There is a very famous quote in the business world that goes like this, "The first law of strategy is sacrifice." Sherlock Holmes observed this law so strictly that he was able to become a truly brilliant detective because of it. I understand that Holmes is fictional; however, the lesson learned from the quote above is one that can be applied to all facets of life... especially business. 

In order to be truly successful, find what you are very good at doing... and do that, nothing else. Simplicity is key here. I find a good test is to see whether you can pick a company and describe to someone what exactly that company is about in three words or less. I think you'll find it very easy to describe the great companies because they've already figured out what they do best... and odds are they haven't stopped doing it. You may argue that any business can be described in three words or less and that this test is merely an exercise in creativity; however, the intention is not to come up with a three word slogan. Rather, the three words should actually explain what fundamentally drives the business. 

Final thoughts: Think about the idea of sacrifice and the idea of making trade-offs. These principles can be applied to your own life just as easily as they can be to any business. Let me leave you with a quote from another hero of mine ... 

“I’m as proud of what we don’t do as I am of what we do.” - Steve Jobs. 

The Mobile Game (Podcast)

Listen to the episode on iTunes

Episode Summary:

As you can possibly tell from the title, the discussion that took place between Andrew Baskerville and I this week was focused around mobile platforms. We also had a follow-up discussion to the SuperBowl episode last week and even discussed a certain topic that may scare you a little ... Enjoy the conversation! (Runtime: 40:34)

Primary points of discussion:

'In the News' - Quick Fire Segment

Interesting sites to check out:

http://mashable.com/2011/02/11/super-bowl-ads-video/

http://youtube-trends.blogspot.com/

The Art of Marketing Conference 2011

Andrew Baskerville's Blog

Shaminda's About.me Page