(This column first appeared on RIMOFTHEWORLD.net on February 28, 2011.)
By the time you read this column, the 2011 Academy Awards will be history. And while the events that unfold at each Oscar ceremony don’t affect most of us personally, there is much we can learn about marketing by studying the annual affair:
Image is everything—more viewers tune in to see beautiful people modeling glamorous fashions than because they care about who wins the award for best sound editing in a documentary. This might not be true if the dress code was “Come as you are.” Celebrities dress up (or down…remember Bjork?) because they understand the importance of defining, projecting and protecting their brand.
Entrepreneurs who understand this concept are able to leverage it for increased brand name recognition, customer loyalty and, ultimately, higher sales. When we sign a new website client at Mountain Marketing Group, the first order of business is to create or refine the client’s logo and slogan since these steps are foundational to effective advertising and public relations.
Membership has its privileges— while all members of the Academy of Motion Picture Arts and Sciences cast votes, only a small percentage receive invitations to attend the event. On the other hand, if you aren’t a member, your chances of attending are zip… unless you want to be a seat-filler.
This is also true for business owners and non-profit directors. If you don’t belong to the local chamber of commerce, you won’t be invited to mixers or educational seminars. And if you don’t attend business events, you won’t be able to hobnob. And if you don’t rub shoulders with people in the community where you do business, you won’t be able to build valuable relationships that might very well lead to business opportunities. Other memberships to consider include country clubs, professional associations and service organizations.
Networking is non-negotiable— in Hollywood, they call it “walking the red carpet.” In the real world, networking involves having actual conversations with real people who aren’t holding microphones or asking us who we are wearing.
Profitable business networking requires an investment of time and attention. When you attend a networking event, I challenge you to close your mouth and open your ears. Most of us prefer to spend time with good listeners than with people who never shut their mouths. American financier, stock-market speculator, statesman and political consultant Bernard M. Baruch summed it up well when he said,
“Most of the successful people I’ve known are the ones who do more listening than talking.”
Social Media matters—As soon as Justin Bieber gave a small clear box of his hair to Ellen DeGeneres, the Twittersphere went into overdrive, with nearly all of the 7,686,188 people who follow Bieber tweeting about the event as if it was the most important story in the world. The highest bid for the teen singer’s locks is currently at $12,000.
The Academy Awards’ ceremony is no longer simply broadcasted on television but streamed, celebri-tweeted, posted, blogged, checked in, stumbled upon, connected and fed to millions of eager viewers, followers, friends and fans. The reason any of this should matter to small business owners is that it’s all about buzz. If you want to take advantage of social media, don’t miss the groundswell. Create a Twitter account and set up a Facebook Fan Page for your organization. Today.
Everybody loves a party—more than the Academy Awards’ ceremony itself, I wish I could into the Governor’s Ball or one of the after-parties hosted by Elton John, James Franco or Madonna. It isn’t that I want to see movie stars up close and personal. It’s that I would love to dine on party fare prepared by the likes of celebrity chef Wolfgang Puck.
If you want to generate interest in your product or services, host an event and serve great food. Then, once your prospects have eaten, wow them with your professional offerings. People are more likely to respond favorably to sales pitches when they have happy tummies.
Nobody likes a windbag—the best Oscar speeches have been brief:
I guess this proves there are as many nuts in the Academy as anywhere else.
I just want to thank everybody I’ve ever met in my entire life.
Benicio Del Toro
I won and I get to scream and jump a little. But I got to go back to work tomorrow.
Am I allowed to say I really wanted this? This is fantastic.
I am the king of the world!
If you are giving your Oscar acceptance speech and the music starts, you need to shut up. The best advertising campaigns have also been brief:
A little dab’ll do ya.
De Beers’ diamonds
A diamond is forever.
Florida Citrus Commission
A day without orange juice is like a day without sunshine.
Rice a Roni
The San Francisco treat
Florida Citrus Commission
Wheaties: Breakfast of Champions.
Enough said. Until next time, I’ll be Bowling for Business.