About this Author
Marian Salzman, an advertising executive and trend spotter, serves as the Chief Strategy Officer at Euro RSCG worldwide. She collaborated with Ira Matathia, the Managing Director of Euro RSCG, MVBMS Partners, to co-author "Next: Trends for the Near Future." Ann O'Reilly, a writer and editor, holds the position of Editorial Director of S.T.A.R. at Euro RSCG and is also a co-author of "Next."
2003
Business & Money
Economics
16:51 Min
Conclusion
7 Key Points
Conclusion
In today's market, buzz marketing surpasses traditional advertising. Understanding influencers like Alphas and Bees is crucial for success. Creativity, personal connections, and momentum are key elements in leveraging the power of buzz.
Abstract
Marian Salzman, an advertising executive and trendspotter, this insightful exploration unveils the power of buzz marketing in today's dynamic and competitive landscape. In today's saturated market, traditional ads often fail to capture attention. Instead, leveraging buzz marketing, which relies on organic, conversational, and strategic approaches, proves paramount. Buzz, propelled by word-of-mouth influence from Alphas and Bees, reigns supreme, with personal connections, shock value, and passion points driving its momentum. Learning from icons like Madonna, who continually reinvent themselves, and understanding the art of buzz creation, marketers can navigate the dynamic landscape, seizing opportunities to make waves without relying on conventional advertising methods.
Key Points
Summary
The Power of Buzz
People have always created buzz about things, from opera house fans to P.T. Barnum's stunts to Ford's smart Mustang promotions. What's changed is that marketers now know how to spark buzz, even though it's tougher than ever. In the past, any new information would get people talking because they received so little news. Today, with so much information out there, the challenge is to stand out and make buzz work for you.
When it comes to buying a product, what's more convincing: an advertisement or a friend raving about the latest gadget? Obviously, the friend. And with email and other instant communication methods, people are connected to more friends than ever before, making buzz even more influential.
Buzz Market
Buzz is becoming more influential as ads are more widespread. Brand names are seen everywhere, from ball fields and college buildings to elementary school gyms. For example, Target, a retail store, used branded materials to create buzz on the "dangerous desert island" in the first Survivor reality show. With ads everywhere, people tend to ignore them and focus on other cues, like products placed in scenes. A study found that only 13% of people get product information from ads, while 20% use websites. However, another 20% ask coworkers, 11% ask friends, and 3% ask relatives for advice, showing that buzz is key. Conversations at the office, family dinners, and long phone chats are all examples of buzz.
Buzz marketing is the process of using all that yakking to your advantage.
The Power of Buzz Marketing
Buzz marketing is effective because it's affordable, quick, and straightforward. You don't need expensive ads to create buzz; it spreads rapidly through social media, emails, and texts. Buzz is personal and direct, breaking down barriers and crossing borders effortlessly.
Take the case of Pox, a handheld video game launched by Hasbro. The company targeted cool preteen boys in Chicago, who then shared it with their friends at school. This is a prime example of viral marketing, where buzz is generated organically and spreads like wildfire. To make buzz work for you:
The W.O.R.M.
Worms aren't known for buzzing, but in the realm of influence, the concept of "buzz" moves like a worm through the gaps of awareness. This is captured in the acronym "W.O.R.M.," which stands for "word-of-mouth influence."
The people who drive this buzz are the Alphas. They are the trendsetters, the ones who lead the pack. Alphas are always on the lookout for the latest thing, they're knowledgeable, unconventional, and willing to take risks. Interestingly, they're not the most social; they share their insights only when asked and don't actively spread their knowledge. They are selective and exclusive, preferring to be ahead of the curve. If something becomes mainstream, Alphas are already exploring the next trend.
Alphas and Bees
Alphas and Bees play different roles in society. Alphas are the go-getters, while Bees are the ones who spread the word. Marketers often target Alphas, but Bees are the real buzz makers.
Bees might envy Alphas, but they have their strengths too. Think of Martha Stewart"she built her success by catering to Bees who love to share and follow trends.
Here's what you need to know about Bees:
The Buzz Spectrum
The buzz spectrum can be broken down into five main categories:
Success with Strategic Buzz Marketing
In the world of marketing, bees are like keys, but not just any bees - they're specialists. Let me break it down for you: Imagine a marketing consultancy that wanted to create hype for a movie without even mentioning the movie itself. So, they did something pretty clever. Instead of going the usual route, they reached out to the person running a fan site dedicated to one of the actors in the film. Together, they kicked off a mock presidential campaign, promoting the actor as a candidate for the Oval Office. Fans got in on the action, playing along by selecting cabinet members and getting all excited about it. Throughout this whole campaign, nobody mentioned the movie. But because everyone was so hyped up about the actor, when the movie's official advertising came out, people were already buzzing about it. And guess what? The movie turned out to be a massive hit.
Buzz isn't just about flashiness. Consider Corus Packaging Plus, a steel packaging company. Initially, they marketed to manufacturers, the wrong audience, and lost market share. By shifting their focus to product designers, they created a productive buzz and improved their market position.
But not just any bees can pull off this kind of magic. The real MVPs are what we call "super-connectors." These folks have massive networks, both online and offline, but they're picky about what they endorse. They can sniff out fake stuff from a mile away, so you better come correct if you want their help.
How to Ride the Wave
Buzz marketing is like a powerful wave " it can push you forward or pull you under. It's all about momentum, and knowing how to ride it is key. Take, for instance, the Hollywood Stock Exchange, an online platform where people can trade in the futures of celebrities' careers. It's a game of buying low and selling high, and it's all fueled by buzz. This site didn't need advertising; its reputation spread like wildfire through word of mouth.
To effectively use buzz, you need to manage its momentum with precision. Timing is crucial. Too much exposure can be harmful, and so can prolonged silence. How do you handle buzz? Keep these basic principles in mind:
The Art of Buzz: Learning from Madonna
Madonna, the iconic pop star, has mastered the art of reinvention throughout her career, taking cues from her various phases:
While many of her peers from the 1980s faded away, Madonna has remained relevant by staying attuned to current trends and fashion. Similar longevity can be seen in figures like Steve Jobs, the visionary behind Apple, and Calvin Klein, whose ability to stir controversy keeps him on the cutting edge of fashion.
Madonna's ability to catch and communicate pop trends has earned her the title of Queen Bee in the entertainment world. Like Jobs and Klein, she understands the importance of staying ahead of the curve, ensuring her continued relevance in an ever-changing landscape.
Buzz Creation
Think about Beanie Babies - they blew up without any ads, just because people couldn't stop talking about them. Coke had a major flop with New Coke, but they learned from it. When they wanted to introduce Vanilla Coke, they started by spreading rumors that they'd been sitting on the recipe for ages. They said they only released it because everyone was clamoring for it. Critics called them out for fibbing, but guess what? It still worked.
To make buzz work for you, you've gotta be creative, tuned in to what people want (even if they don't say it outright), and ready to pounce when the chance comes. It's all about seizing opportunities and making waves in the market.
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