WSJ Video Sharing: P2P Economic

An interesting special report about p2p economic.

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Ride Nonstop Viral Buzz to Triple-Digit Revenue Growth: 7 Strategies

source: Sharing from Marketingsherpa  (http://www.marketingsherpa.com/)
Photo credit: Flickr, http://www.flickr.com/photos/fenchurch/

7 Strategies to Riding a Wave of Viral Buzz

Strategy #1: Stay true to core values
Etsy’s sellers and buyers share a strong affinity for handmade goods. The company strives to maintain those core values in all of their marketing efforts. This builds strong ties with members, who suggest the service to like-minded peers.
Striving for creativity also makes Etsy interesting and easier to talk about. Their unique applications for organizing products and presenting them to buyers help to boost their buzz.

Strategy #2: Approach challenges differently
Selling products and promoting an event through best practices gives your company a solid foundation — but nothing is cast in stone. Etsy takes risks in their creative approaches to marketing, especially their merchandising.
Many of Etsy’s 2.4 million handmade products are one-of-a-kind. “Most people that come to the site don’t really know what they’re looking for, which poses a challenge,” Ferreira says. To combat that issue, in addition to standard categories and search features, Etsy offers highly visual ways to browse products.
- Shop by color: Shoppers can use an interactive color palette to view products with desired colors. The palette is a grid of multi-colored dots that expand and gradually fade when moused over, creating a visual experience. After a color is selected, a pile–not a list–of products appears.
- Time machine: Images of the most recently purchased products are organized into a vortex-like spiral. Clicking and dragging the images pulls them into view and reveals when they were sold. There is also another time machine, organized into a grid, that reveals the products most recently uploaded and soon to expire.
- Treasuries: Users can organize a treasury of select items they like. Other users can comment on treasuries and offer suggestions.
- Geo locator: An interactive globe highlights the location of the 100 most recently purchased items. When clicked, the globe reveals the items’ images.

Strategy #3: Get more from your resources
Etsy collects fees when products are listed and when they are sold, making their sellers a vital resource. Ferreira and her team provide tools for sellers to further their craft and their business. This is a service that, in turn, helps Etsy.
- Virtual labs: The labs provide live workshops and online classes on topics, such as store management and presentation. The lab also works as an interactive space where members can set up events, get their store critiqued by experts and stream live video how-tos.
- Resources: Etsy provides an array of images members can use to spruce up their stores and profiles. Images informing the visitors that the store owner is “on vacation” or that there is a “sale today” help with promotion. There are also printable flyers for promoting offline, and a directory of business-related links.
- Teams: Members can collaborate on marketing, events, creation, promotion and more.
- Cooperative advertising: Ferreira and her team do not buy much print advertising. When they do, they sell half of the ad to their sellers. For example, if they buy a full-page ad in a magazine, half of the ad will feature 30 spots for sellers to display their goods for about $50 to $100 a spot. The other half promotes Etsy as a marketplace.

Strategy #4: Use external and internal social networks — no preference
Esty fans organize themselves on social networks, such as Facebook and Ning, Ferreira says. They’re particularly fond of the social image site Flickr, due to its visual nature.
Etsy also has ways for users to interact on their own site, such as:
- Chats
- Forums
- Teams: Members can have profile pages, send messages to each other and organize meetings
- Virtual labs
Rather than focusing on either external or internal social networks, Etsy encourages their members to gather where they prefer. While Ferreira and her team provide plenty of tools to interact on their site, they’re happy if members connect elsewhere.

Strategy #5: Give them something to talk about
Etsy’s creative features are great for attracting new members. Ferreira and her team have several ways to keep the conversation going:
- Regularly updated, high-quality blog
- 5 email newsletters
- Partnerships with other blogs to trade content
- Buying online ads from blogs
Blogs typically attract and host more conversations than traditional publications. When Ferriera and her team want to promote an event on their site, they’ll buy display ads on blogs related to the topic and crafts in general. They buy ads only to promote events, and do not continually run ads, Ferreira says.

Strategy #6: Go where the audience is
Etsy’s core members regularly attend craft fairs. Ferriera and her team do the same – they travel across the county to introduce their service to new sellers and buyers, and to maintain their presence in the industry.
Keeping to Etsy’s core values, Ferriera and her team hand out handmade tote bags, lip balms and other goodies to their craft-fair booth’s visitors. They also bring sellers to the fairs to talk to people about their goods and experiences with Etsy. Their signs are handmade.
“The challenge is that we don’t have consistent branding, but everyone does notice that ‘Hey, there’s Etsy, and they’re authentic and this is what they stand for.’ It makes it pretty clear.”

Strategy #7: Go for publicity
Free press is great for generating buzz. This is the situation Ferreira and her team find themselves in.
Etsy’s approach and values make an interesting story and their products are visually stimulating. Their pictures look great in print and their products look great on TV. They’ve been featured in a host of publications and television programs.
Useful Links related to this article:
Etsy Creative Samples

http://www.marketingsherpa.com/cs/etsy/study.html

‘Pimped-Out’ Microsite Triggers Viral Explosion

http://www.marketingsherpa.com/article.php?ident=30777

Viral Email Nets 100% Response from Brand Champs

http://www.marketingsherpa.com/article.php?ident=30752

New York Times: Handmade 2.0

http://www.nytimes.com/2007/12/16/magazine/16Crafts-t.h

ml?scp=1&sq=etsy&st=cse
Etsy

http://www.etsy.com/

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81 percent of online shoppers read online customer review

nielsen-online-holiday-survey-factors-evaluating-customer-reviews-december-2008
Eight in ten online shoppers (81%) have read consumer-written product or retailer reviews when doing their holiday shopping this year, according to (pdf) a Nielsen Online holiday survey conducted in mid-December, reports Retailer Daily.? It gives you a stronger reason to promote in social networks.
Text and Photo Credit: MarketingCharts.com , Flickr

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What are the Benefits of Social Media Marketing?

There’s no argument about the trend about marketing over social networks (SNS). This research shows all the benefits of social marketing. It’s an interesting survey, especially 51% of them saying about the low cost benefit. Well, the only argument here about the costing is: how do you measure by?

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Google SearchWiki makes you lose your SEO job?

I have just found Google has released the SearchWiki for user with Google account.? It’s been talking for a while that the SEO has gone if Google let people to choose the position of search result.? But my question is, how many users is actually joining this to contribute their comment?? My bold guess is less than 20% of total.? SEOer, it’s time to stop making canned solutions to clients.? It’s a personlized world now.

Google Seach Wiki

Google Seach Wiki

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Facebook Becomes Largest Online Photo Storage Site – MarketingVOX

Huh? Facebook becomes number 1 of photo sharing, not even they have thought thru how to monetize the whole thing.
photo sharing siteFacebook Becomes Largest Online Photo Storage Site – MarketingVOX

What I learn from the case of facebook is the power of usability.  Myspace and flickr are the absolute first movers but the experience is far from satisfied.  No matter you talk about album, upload method(sophisticated? who cares!!), big storage or tag, these functions never come close to your life.  Facebook has captured the most important thing in photo sharing: multiple way communications.  Be more precise, it enable you comment on other’s photos at ease.  You know all photos that shared inside your circle, you know what other people comment your photo, you can even comment on your friend’s friends photos (this never happened in other community).  Sneak view is interesting enough to encourage users to share over facebook.

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Search box in Google SERP

Search box in Google SERP? why? It doesn’t make sense to me.?? If you try, it will display one more SERP.?? It wastes me one more click to see the right thing… who did that?

enlarge

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Advertising Fair Trade – Yahoo! APT launch and BOSS given power

Yahoo! BOSS unleash the power of search engine to other publishers. No surprise, Yahoo! strides up and wave their flag as the saver to publishers and advertisers again.?? Internet boom makes a lot of people a fortune.?? Unfortunately, it also create many unfair trade between publishers – agents – agencies – advertisers.?? Haven’t mentioned content contributors in between.

Yahoo! APT Login

Yahoo! APT Login

Yahoo! APT provide a chance for every party to be efficient and transparent.?? If client access of true facts of Adplan, you can imagine some parties may not be happy.?? It impacts the most to agent and agency for no doubt, however it also a trend that no one could deny.?? It’s kinda scary to me (as an agency guy).?? But it’s a thrill to me as a digital marketer. Long before these platforms (we should count in Google’s Adplanner) diminish our competitiveness, at least, I have already enjoyed the benefits of getting data from Adplanner.?? It’s can’t be easier for to generate traffic estimation, competitor analysis and more.?? Man, can’t wait to test on APT later.

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Technorati is down

I can’t believe it. What’s going on with Technorati?

read more | digg story

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Spammer capturing digg, technorati post, almost real-time. How do you react, SEOers and digital marketers?

I found that spammer captures digg and technorati post and follow the link quickly.?? Without talking much about etiquette issue,?? I found it will become useful when someone needs a quick SE submission.?? However, beware of those “bad neighborhood” to make your site dark.?? Here’s the illustration of my finding.
1/ Post to Digg after reading Rand’s article

digg_screen
2/ Received a comment post in my WP admin from Cuil in just 5 minutes of time

dugg
3/ See, this is the lokwat link back.?? Approve it or not, it’s really up to you.cuil_whatzbuzz

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