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Say Hi (It's Great Marketing)
Photo Credit: Forbes Business

Say Hi (It's Great Marketing)

Mar 7 2014, 8:48am CST | by

By Neal Taparia, co-founder, Imagine Easy Solutions. “Hey you,” I yell to the man strolling in a purple shirt about 15 feet ahead of me.  He slows down. I think I’m going to reel him in, but he...

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32 weeks ago

Say Hi (It's Great Marketing)

Mar 7 2014, 8:48am CST | by

By Neal Taparia, co-founder, Imagine Easy Solutions.

“Hey you,” I yell to the man strolling in a purple shirt about 15 feet ahead of me.  He slows down. I think I’m going to reel him in, but he speeds up again to New York City walking pace. With some gusto I shout, “Hey you, in the purple.” He stops, turns around, and is greeted by my smile.

I should clarify that this wasn’t just any purple shirt; he was wearing a Northwestern purple shirt. As a fellow alum, I wanted to introduce myself. I found out that we lived in the same freshman dorm and both studied economics. He was looking for finance opportunities in New York City, and knowing some people in the space, I facilitated introductions for him that evening.

I love doing this, and I do it whenever I see someone wearing a Northwestern logo. We share a special experience, so the ability to develop a rapport is natural. Moreover, these opportunities present themselves everywhere — from transatlantic flights to the New York City subway.

When it comes to marketing a new product, then, why do so many people struggle getting the word out? In my experience, the key to marketing is to simply start talking — preferably to the people most likely to listen.

When my friend and I launched our first product in high schoolEasyBib.com, we postered flyers in our school and even left them at barbershops. We invaded AOL chat rooms (remember those?), and even naively reached out to the Chicago Tribune, which later featured us. Today, due to our efforts, and of course some luck, EasyBib has over 40 million users.

Now, as a Northwestern grad, I can do one better: I can tap into a native network whose members often have genuine interest in what I’m doing. Recently, using Northwestern’s alumni database, we’ve been reaching out to targeted alumni to get feedback and product validation on the beta version of our new product GetCourse. Not only has their insight been helpful, many of these individuals asked to be our initial customers, or recommended others. What more could you want when trying to get initial traction?

We’ve now gone beyond Northwestern. My business partner reached out to his Brown University database. Then we asked part of our team of 35 to become part-time marketers to reach out to their respective databases to get more feedback and cast a wider net. The more we learn, the better the product we can create. And, not uncommonly, those who give us feedback are also truly interested in GetCourse.

Don’t get me wrong. Not every alumni connection is open to providing their thoughts, but the ability to have a material conversation is significantly higher than cold outreach.

In fact, we had some fun and crunched the numbers to see which alumni network was more receptive: 40.6% of Brown alumni talked with us, with 15.4% interested in trying GetCourse when ready. Only 7.8% of Northwestern alumni talked to us, but 75% of them asked for early access to the product. We consider this an interesting snapshot of alumni affinity.

Such outreach doesn’t have to be limited to your alumni network. You could try:

  • Attending a conferenceBeforehand, research which attendees or speakers you’d like to connect with. Two weeks before the conference, ask if they have availability to provide feedback on your work. Be sure to explain why their feedback is valuable to you and your product
  • Joining a meetup.com (or similar) group. Get in touch with those attending the next meetup session, and ask if you can talk with them at the session. While direct contact is alway a great way to develop a relationship, meetup.com also has tools to send messages to the group (if appropriate).

When launching your product, yes, tell everyone. But focus your energies on those groups of people who are mostly likely to engage with you, like your alumni network. More importantly, don’t shy away from saying hello to someone you may have something in common with. It may lead to an opportunity to relevantly promote what you’re working on, which can lead to introductions or new business.

As Wayne Gretsky said, “You miss 100% of the shots you don’t take.”

Neal Taparia is the co-founder of Imagine Easy Solutions, whose newest product GetCourse enables simple online course creation. Prior to working on Imagine Easy full time, Neal graduated form Northwestern University, and worked at Lehman Brothers but left 8 months before its demise. Follow him @tapneal.

The Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched StartupCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.

Source: Forbes Business

 
Update
2

7 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce of 20,000 by 30 per ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

7 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 and MH17" hits h ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

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