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10 Effortless Ways to Get More Small Biz Press

Posted: 13 May 2011 01:14 PM PDT

Photo by 500CPM

The following is a guest post from Nate Gilmore of Shipwire.

Tell Your Story
Don't hide how you created your product, where the idea came from or your trials and tribulations during the creation process. This is the process that interests the press and bloggers. Put this up on your blog once you've figured out your way through it. Tell the story. The press loves it when you talk about how something was done. Look at the great press that these stories generated, these entrepreneurs learned how to tell a story.

Photo by Gare and Kitty

Targeted Media Outreach Is Better Than Far & Wide
Decide what customer you're trying to reach, and to work backwards from there: Where do they hang out? What do they read? How do they engage? Then pick the top 5-10 outlets or forums, and focus on getting your story communicated through those outlets (while keeping in mind top mainstream reporters are bombarded with pitches more often than niche or trade outlets). Don't be the crazy dude standing on a soapbox yelling the benefits of this or that to everybody who passes by. Instead, be the smart tactful one that makes a list of the few influential people that you want a relationship with and then find your approach path. Narrowing your outreach will afford you the time to personalize your approach and develop an angle or package that is most useful to your outlets, and that they will likely be most receptive to.

Photo by sskennel

Think Like a Reporter & Tie to a Bigger Trend
Why does this product matter now? What problem is it solving? What's the story behind it? And why do my readers care? These are the questions that matter most to the media when they are considering covering a product. Therefore, help them understand the landscape and why your product is unique versus the competition, and how it impacts the lives of your customers. With the media, your product shouldn't be about making money; it's about changing the world. If you tie your product and/or story into a bigger trend that's happening on a national and/or global level, you will capture the interest of the reporter.

Photo by jrossol

Pitch Smart, Tune Your Pitch and Yes… Less Is More
The media hates receiving spam as much as you do, so spamming is a fast way to get ignored. Treat the media like an acquaintance whose friend you respect. Familiarize yourself with their reporting style and topics of interest, and then work to understand what their needs are, so that you can properly deliver news of your product in a way that will help it matter to THEIR readers.
Honestly, you can spend hours crafting e-mails to press people. I personally think the amount of time you spend writing the e-mail is inversely proportionate to the response you will get. Do your research, figure out the best way to contact a reporter (twitter, blog, email, phone etc), and then get to it. Don't waste time perfecting your emails. Unless your product is booze or candy, less is more when it comes to PR. Send e-mails that are shorter, leave messages that are short and to the point. Make sure they can get everything they need in less time.

Photo by Let Ideas Compete

Bait Your Hook
A hook is the sound-bite of your idea. It is the most interesting way you could frame your idea in the fewest amount of words. It needs to be interesting and tight. Make it shiny when you put it in their face over Twitter, Facebook or that really nice FedEx pack that has their new favorite product come out with your card and "push here for a delightful day" message. If you bury your hook in a long e-mail or endless message you baited it wrong.

Photo by freezelight

Blog Comment Spamming Is Evil; but, Saying Hello Politely Is Groovy
Not included in a roll-up of products? Don't fret, If a writer recently wrote about a comparable product and you desperately want to be noticed on the same blog, don't just vomit a blog post about why your product rocks and should be covered. Try and write a comment like it is a publicly viewable e-mail. The writer will either, get it and not allow it to post or get it and post it. So be nice, tell them why you are commenting, why you think it's relevant, say your piece, and hope they cover you the next time they talk about the product space. Leave a real e-mail so they can reach out if they want. If it goes live, you look good. If they respond to you, you may get a relationship with the writer.

Photo by woodleywonderworks

If a Picture Is Worth a Thousand Words, a Video Is Worth a Thousand Pictures
You do the math, that's a lot of words you are avoiding. Show people how to use your product and even persuade your first users to shoot video of them using it. Get these videos up online and make sure they get up on YouTube. Embed content into them and put buy buttons at the end.

Photo by Truthout.org

Let Your Customers Tell Their Story
Got a fun product, get your customers to tell you with testimonials, videos, tweeting, etc. What they like about it. The testimonials will help you increase sales; but, your early Evangelists will push your story and your product far and wide.

Photo by  Earls37a

Start Yesterday… Because the Door May Be Closed for Months
The influential people you want to talk to are probably busy. They get more e-mail than they know what to do with and everybody wants their attention. So, start to build relationships early (this is why you need web site and prototypes early) and make it easy on them. You may get politely rejected but remember… it may take a few introductions over a few months for them to realize you have a great product or idea and it is worth 5 minutes to pick up the phone.

Photo by delgaudm

Packaging Your Story (Not Just Product)
Building a media kit and press landing page isn't hard. Basically, you want to make it easy for the press to cover you and house recent coverage or announcements so people can build on your buzz. Make sure your website has a place for media and bloggers to quickly get access to the following info:

  • Your mission statement & boilerplate – words describing who you are and what your product is (think elevator pitch)
  • Product specifications & images images (hi res & web-ready files)
  • Company logo (hi res & web-ready file)
  • Bios & headshot for the founders and executive team, with names and titles spelled correctly
  • Contact info for press inquiries & review/sample requests
  • Couple customer quotes or list of links where somebody can see some customer quotes
  • Your Twitter handle and Facebook pages
  • Recent press releases or product announcements
  • Links to recent press coverage

Nate Gilmore is the V.P of Marketing and Biz Dev for Shipwire, an e-commerce product fulfillment service. On the origin of this article he wrote:

Shipwire works with a lot of up-and-coming product companies – many of which are great at generating buzz, and others of which could use a leg up… As we all know, buzz is critical to the success of a new product because momentum builds excitement and sales. Without that, you end up with dust on your shelves … your product fizzles, your idea gets stale, and your inventory becomes obsolete.

During a recent tour with several product design clients, it became clear that many Shipwire customers are so busy moving product, they don't have time to strategize how marketing can help with sales, and in fact needed tips on the fly to help product fly off the shelves.

Photos by 500CPM, Let Ideas Compete, delgaudm, jrossol, Gare and Kitty, sskennel, freezelight, woodleywonderworks, Truthout.org, and Earls37a.


Women On Top Of Wall Street

Posted: 13 May 2011 11:00 AM PDT

When the credit crisis hit, many of the women on Wall Street felt the effects. Jane Newton found herself counseling clients, but it was still the most unnerving time of her career, reports CNN Money.

“It was particularly disconcerting for women to see so many high profile females leave the Street,” says Newton, who co-founded the independent, fee-only wealth management firm RegentAtlantic.

One need look no further than the high profile firings of Erin Callan at Lehman Brothers and Zoe Cruz at Morgan Stanley (MS) to understand why women were feeling particularly exposed.

Out of this anxiety and chaos, Newton’s idea for the Wall Street Women Forum was born. There are many other networking groups for women in business, including well known groups like 85Broads, which began as a club for women who worked at Goldman Sachs (GS) and expanded to include women in many professions around the globe. These groups provide women ways to connect and expand their lists of friends and business contacts.

But there are few groups dedicated to teaching women how to survive, and thrive; and as Wall Street underwent an historic dislocation Newton decided the time was right to start an organization that focused on career skills. Last May she kicked off the Wall Street Women Forum with a conference titled: “Reinventing Your Career for the New Wall Street.” The day-long event focused on specific steps women could take to reinvent themselves for new roles at their workplaces, or even entirely different careers.

“It’s not meant to be a touchy-feely, inspirational day,” says Newton. “The mission is to provide pragmatic content that women can act on. I want people to walk away with a plan to try something new that will help them advance their careers.”

Photo by Michael Daddino


Maternity Clothes That Convey A Message

Posted: 13 May 2011 10:00 AM PDT

Jumping into business when the economy is shaky looks a lot like jumping into a shark tank. Although, it probably looks that way because that is what one mompreneur has done.

According to Chicago Parent, Kim Pries is due to appear on Shark Tank today to try and find some funding for her maternity clothing business. However, she has already reached many milestones on her own.

Pries founded Samson Martin maternity wear back in 2003 after being laid off from her job in magazine ad sales. Though she wasn’t yet pregnant – her boys are now 5 and 18 months – she says the inspiration came from the question her pregnant friends said they kept hearing.

“Everyone always asks, ‘When are you due?’” she says.

Her tees and tanks answer that question with sass and style, sporting slogans like “Coming this fall” and “Now showing.” Since their launch, Pries’ clothes have been featured in People, US Weekly, Life & Style and Fit Pregnancy, and were named one of E! News’ “Top Ten Must Haves” for celebrity moms-to-to be.

But the recession has hit high-end maternity and baby boutiques especially hard, Pries says. After a few boom years, during which her clothes were picked up nationally and internationally, the market soured. So she decided last summer to take her brand to the masses, and set her sights on chain stores like Target, JC Penneys and Kohls.

Photo from Samson Martin


Today in Entrepreneurial History: May 13

Posted: 13 May 2011 09:44 AM PDT


Lady Gaga Goes FarmVille

Posted: 13 May 2011 09:00 AM PDT

When most people think of this woman, they think of her outlandish outfits. However, even the pop star knows the power of social media. According to Forbes, she is reaching out through the popular social game, FarmVille, to draw people in to her music. What else from the real world will seep into the virtual one?

Later this month she will release singles from her upcoming 'Born This Way album' in a game called GagaVille.

To hear the exclusive tracks , which will be available a few days before the album's May 23 release, players have to complete certain tasks, a la the typical style of FarmVille and its spawn of similar games.

It's a first on both sides: the first time Lady Gaga has released music in this fashion; it is the first time Zynga is partnering with an artist to offer exclusive virtual items across as many as 10 games. For instance, Zynga is also rewarding players with limited edition Lady Gaga virtual items on RewardVille.com

To be fair, Lady Gaga could release new music through a musty window at her local DMV and people would still flock. But the choice of Zynga is telling: it is a nod to the game-maker's entrenchment in social media, of course – but also indicates how potent a factor virtual goods have become to real world brands.

Photo by Lori Tingey


Opportunities in Excess Inventory

Posted: 13 May 2011 06:57 AM PDT

Photo by rogersmj

Though this article deals with excess wine, the concept could be applied in any industry. Find companies with excess inventory that you can rebrand and sell for a discount, without damaging the original brand. Win-win.

CNBC:

Sometimes opportunity knocks. Other times it requires a few cold calls.

Such is the case for wine distributor Kevin Mehra. Back in 2009, the Boston-based entrepreneur was looking for new wines to sell.

The staff of Ninety+ Cellars tastes all the wine it distributes, and often rejects batches that aren’t up to par.

So armed with “Wine Spectator” and “The Wine Advocate”, Mehra started cold calling wineries to see if any had extra wine to sell. He was pleasantly surprised.

“We were shocked at how many wineries had excess inventory,” Mehra said.

A short time later, Ninety+ Cellars was born. Under the concept, wineries bottle their excess wine, but put a Ninety+ Cellars label on it. Ninety+ then distributes and sells the wine at a discount of 25 percent to 70 percent off the typical source winery price.

Anonymity is the key. Many higher-end wineries don’t want to cheapen their brand by lowering the price of their wine. They also don’t want to cannibalize sales.

Photo by rogersmj.


The Evolution of the Office

Posted: 13 May 2011 05:25 AM PDT

Photo by DevonK

Excellent Friday material: The Office: 1500 – Present Day.

Photo by DevonK.