Product Four

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Thoughts on successful teams, products and businesses.

What’s in a name nayme naime mname?

Ok – I haven’t blogged in about 2 months, but this I just have to say.

Its about names. I have worked, in some capacity or another with about a dozen start ups, and maybe three dozen or more products. All of which had names.

Startups especially tend to spend an undue amount of time, and often money as well, on choosing one.

What is a name for? Its for identifying a product or company. I know your name. It means I can refer to you, talk about you, and others know who I mean.

So. Let’s talk about the online music company I consulted for that wanted to name themselves “Audacy”. Cute. I get it. But this is an audio thing. Anytime the name was mentioned, it would have to be spelled. Oy.

Or my recent client who wants to change a perfectly good, though 5 syllable, name to a 3 syllable one that is clever but unspellable and unreadable. I won’t mention Will by name (sorry Will – perhaps I can change your name to whylle) who has a geat idea with an absolutely inscrutable name.

People want their name to be clever, memorable, evocative of the intense thoughtfulness and wonderful qualities of their brand/company/product. They want it to become a “verb” like “Google”.

Horse manure.

If you are successful, then your name won’t matter. Who gives a second thought to coke, google, ebay, intuit, adobe, charmin, amazon, aol, fedex as to the quality of the word itself?

So – there’s not a ton of upside to a great name.

There is, however downside to a bad one. Like one that you can’t spell or remember, or get the URL to.

Here are the 3 laws of acceptable product and company names.

Breaking them does not mean you’ll fail, it means you have an extra challenge that you could have avoided. And aren’t there enough when you’re trying to launch something successful?

So -

1. You gotta be able to get the URL.

I know its hard these days, and this motivates people to all sorts of twisted spellings and such. But here’s number 2:

2. It should be obvious how to spell it.

I hear about it from a friend, i go check it out. Except if I can’t find it cause you spelled it Cynergy (sorry guys). This is ANTI-MARKETING. you are loosing people before they can even get interested. Word of mouth? Doesn’t work! Yeah- most people will send a link. But I still have actual conversations with people – don’t you?

3. It should, please, be obvious how to pronounce it.

So my friend, Whylle – the way he pronounces it makes it make some sense. But I he had to spell it out for me, so to speak. Same with the little 5 syllable to 3 syllable company.

I expect both of these companies to meet with some measure of success. 5 syllables, in fact, really rocks (I don’t know as much about Whylle’s company yet – stay tuned, cause after this I’ll owe him some good press, if I like it). But this success would come just a touch easier if they got a name that worked for them, instead of against them.

Oh yeah, Audacy? They blew half their operating budget on getting a new name, and that was good indication of their general decision making ability.

So one last thought on this – if you’re spending more time or money on your name and logo than on making sure your product knocks it out of the park for your intended users – then its time to re-think. Are you futzing with the name because you feel blocked on other fronts? Or is it perhaps time to take a breath and get focused again on what matters – providing value for people who care in a way that has a reasonable chance of paying the rent.

faithfully yours,

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Filed under: best practices, online marketing , , ,

5 Product Requirements for Social Media Widgets (at least)

Lately I’ve been asked to help design or add input to several widgets designed to create a sticky and viral presence in places like Facebook, Blogs and other “New Media” outlets.

Here are some rules of thumb that I’ve come up with. As I see it now, there are 5 basic requirements to make these successful. The importance of each will vary according to the goals (don’t neglect to examine yours) and context of the widget.

1. Compelling seed content.
Text, Video, Flash, Game-like interaction, or – heavens – Utility! Whatever, but you need a reason for people to look at it. Some kind of clever, meaningful, interesting or compelling hook. Humor is a good one. The chance to “do good” is another. Entertainment (puzzles, etc), a third. The Bob Dylan Facebook app does this in spades for me, even though its not very useful.

2. Sharing
Every good widget must have some easy way of sharing it or otherwise spreading the word. Otherwise you’re shortsheeting yourself. Super Groups on Yahoo have some great features for this. Check “John Stewart for Moderator“.

3. User contributions

Most new media widgets should have some way of allowing users to contribute – either through comments, or ratings, uploading pics, or something. The easier and more creative the better. But be careful about having people harshly rate people who are trying to do good.

4. Look and feel.

This is New Media. Design is IMPORTANT. It needs to be hot, fresh, and interesting. And it needs to be ergonomic. Think about what links and actions need to be visible and make them boldly so. No boring hotel room art, you know what I mean?

Also – you need to be sensitive to who’s using it and how. Do you really want consumer ratings of people’s earnest thoughts? Frame your language and your functionality so that people feel good about using it, not insulted (well I guess there are some rare funny things where insults work, but who looks at those every day?)

5. Tracking

No good product should go unmeasured. Continual Improvement (aka learning) relies on objective measures.

Number of interactions, number of referrals, and number of productive referrals should all be tracked. Return visits – people who come back to check on it should be counted.

Got more? Please share what you’ve learned in the comments.

Filed under: Product Management, best practices, online marketing , , , , ,

the most powerful marketing feature on facebook

Its brilliant. viral marketing is now passive. its voyeur marketing. its marketing nirvana.

The News Feed on Facebook. I “friend” people I like and/or admire (or who like and/or admire me). I visit my home page, and I get snippets of what they are doing. Joe joined a new group or made a new friend or became a “fan” of a new brand or product. “Gee”, I say to myself, “Joe’s a pretty savvy guy, I wonder what that group is, who that person is, what that brand is”.

And there it is. I’m checking it out because Joe checked it out, and Joe didn’t have to take the active role of advocate. I am interested in what he does, so I can follow it passively.

I’m not sure if this was the original intent of the News Feed, but I think its the very most powerful form of viral marketing I’ve seen. Why? Because Joe doesn’t need to take the step of endorsing something. It’s his interest in something that is conveyed. And since I’m interested in what he’s interested in… it works. And I don’t need to become some smarmy “brand ambassador”. And as a marketing person, I don’t need to go find some way to incent or create some a “viral feature” that doesn’t really match my audience. Its gorgeous.

Even better! The Facebook Beacon application. Its a fantastic opportunity. I’m integrating this into my client’s project TODAY. The Facebook Beacon lets you make actions on your site feed into the News Feed on Facebook. Yes. If someone buys something, watches a video (I hope this works, I’m going to try it later and let you know), posts a comment or what have you, it will post to the News Feed. Yes, they’ve made it opt-out and privacy respecting. But the facebook audience is really into sharing. They don’t opt-out in droves.

So – what you get is a tool. If you create engagement on your site, you’ll be spreading the news of that engagement among your users’ friends. Without that user needing to do anything.

It’s perfect. For companies that have been trying to reach a younger demographic through social networking, and have had some trouble knowing where to start, it provides a great, low effort, low risk opportunity. I am going to be working with this quite a bit over the next few weeks, and I’ll report the results.

Filed under: best practices, online marketing , , , , , ,

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