How did Hotmail gain over 12 million subscribers in 18 months? How did
the very low budget movie “The Blair Witch Project” become such an
incredibly successful phenomenon? The answer lies in the power of “buzz.”
Buzz or word-of-mouth marketing influences more people to buy, or not to
buy products and services, than most other forms of marketing. Why is it
so powerful? Basically, we have a need to share information as a means
of communication and also as a way of understanding the world around us.
Often, we base many of our purchasing decisions on information gleaned
from friends and well-respected associates. We tend to listen to them
more readily then most mass-media messages.
In his book “The Anatomy of Buzz,” Emanuel Rosen states, “most marketing
today ignores the power of buzz and tries to influence each customer
individually.” He believes that “buzz travels through invisible networks
that link people together. Noise, skepticism and connectivity all
influence today’s buzz.”
As exhibitors you need go no further than the tradeshow floor to find a
network that creates a real buzz. It starts prior to the show, gathers
momentum at the show, and then slowly dissipates after the show ends.
Every exhibitor has the power to influence the buzz. It all depends on
product/service quality, marketing savvy and the decisions made.
I recall visiting a telecommunications show a couple of years ago when
the buzz on the show floor concerned a Fortune 100 company and major
player in the industry, (who shall remain nameless). The talk centered
around the image of their booth which wasn’t quite up to expectations.
The buzz went like this: “The ABC Company has gone cheap. They must be
having financial problems.” It’s gossip like this that starts the wheels
of the “rumor mill” turning and can even create havoc on the Stock
Market. Remarks like this often have very little bearing on reality, but
people make assumptions and decisions based on what they see and hear.
Obviously, the originating source of the buzz plays a key role in its
basis for truth.
I’m sure that you would much prefer any tradeshow buzz to be positive.
Since talking about products/services makes economic sense, how can you
use the buzz to add to your existing marketing efforts? I’ve put
together ten guidelines for you to consider:
1. Brainstorm all possible groups of people who might be interested in
your products/services. Consider including the media, opinion leaders,
influencers, lead users, politicians, analysts, etc. Don’t forget chat
rooms and newsgroups although buzz still spreads primarily by personal
interaction.
2. Research how information spreads among your customers. Ask them how
they usually learn about new products/services. Who are their major
information sources? Who’s information do they value? You’re primarily
looking for groups of people rather than individuals. However, don’t
discount individuals, as they may well be a powerful opinion leader.
3. Develop a clear and concise message highlighting the product/service
benefits you want to filter through these different groups. Zero in on
your product’s uniqueness and what it can do, for example, to help save
time and money – two basic elements most people seek.
4. Think about ways to tap into these groups to spread the word about
your products/services. Use these in addition to your existing marketing
efforts. Never rely on just one means of connecting with you target
audience. Your credibility is enhanced through different marketing
mediums. For example, exhibit marketing could include pre-show
advertising, at-show sponsorship and post-show, a trade publication
article. The more ways people can hear and see you the better.
5. Offer prospects easy ways to try your product/service. For example,
the makers of Pictionary gave demos in parks, shopping centers and other
gathering places. The tradeshow floor presents excellent opportunities
for this.
6. Come up with other creative ideas to enhance tradeshow show
demonstrations. What can you give people to take away to remind them of
your company, products and positive show experience. Think about
something that will help create the buzz. It’ll have to be more creative
than a keychain or stress ball. The more product-related the better. You
want people to remember and talk about you – positively!
7. Look at special groups whom you might offer a product discount, a
loaner or even for free. You’re looking for groups/individuals where the
direct product experience will help spread the word. For example, when
FedEx started out, it offered free shipping to show people how their
program worked. America Online continuously finds ways to offer hundreds
of free hours of trial usage to entice new users. I recently saw a
display of free CDs at WalMart.
8. Use press conferences for major announcements, new product
introductions, but only if they are truly new or improved, or general
industry trends - what’s hot and what’s not. Realize that editors are
interested in timely newsworthy information; industry trends,
statistics, new technology or product information. The media get very
upset attending a press conference which is poorly organized and where
there’s nothing newsworthy.
9. Use sneak previews at tradeshows to build anticipation and help
create a buzz on the show floor. Give people a fun experience and a
behind the scenes view of what’s coming. TV and the movies have got this
down to a fine art with their coming attractions. Siemens just did this
extremely successfully at the recent CTIA show in Las Vegas. They
organized a live marketing presentation with a futuristic theme that
featured a digital phone prototype. They certainly created a buzz, which
had people, including myself inquiring about the product’s availability.
10. Make use of tradeshows to educate your target audience. People are
hungry for information. Investigate opportunities to speak either during
the workshop sessions or incorporate an educational session into your
display.
The power of buzz far exceeds many conventional marketing vehicles. It
is probably the oldest, most well-used and valuable one out there. Look
at how you can make it an integral part of your existing marketing plan
to influence the voices in your industry.