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Analyst Relations Could Result in a Twofer

A ‘twofer’ is when you get two things for the price, effort, or time of one – two-for-one. Another reason to connect with analysts: media coverage and awards. This week, one of our customers beat out Motorola and Sony to win an impressive marketing award. How did it happen?

On a couple occasions, we’ve had the pleasure of briefing Jeff Zabin, Research Fellow at Aberdeen Group; super nice guy and very knowledgeable! Jeff is always looking for vendors to provide real world examples of companies leveraging social media to enhance the customer experience and drive overall business growth. It’s the focus of his research.

Kodak_Poster.xsmRecently, we suggested Jeff talk with our customer, Kodak Gallery. As I’ve mentioned in previous posts, Kodak has had great success with the Idea Center, an online community that empowers members to exchange ideas on how to use Kodak products to create personalized gifts and other creative projects using their digital photos.

Before any research was published, Jeff wrote this article for CRM Buyer last month: “If You Build a Branded Online Community, Will Customer Come?” He included his findings and interviewed the Chief Business Officer, Jeffrey Hayzlett. Besides great details on the brand’s overall approach to online communities and ROI, it’s always powerful to see your customer quoted (a happy customer!):

“When it comes to storing, saving and preserving memories, people look to Kodak. They think of us immediately. The key for us is to extend that trust to a whole new generation. Online communities like the Idea Center help us do that,” says Jeffrey Hayzlett, Kodak’s Chief Business Officer. And our technology solution played a big part.

Again, reporters and editors will often times seek analysts to provide insight on the market. So isn’t it nice when an analyst includes your customer in their story? And, even better when they get an award!

Recently, Aberdeen Group recognized five organizations for their marketing excellence with an Aberdeen Industry Achievement Award at the second annual Chief Marketing Officer (CMO) Summit. Kodak won for “Excellence in Building Online Communities.” Not bad, eh?

Besides research, media coverage and awards are likely by-products of improving analyst relations. Connect with the right analyst and you might get a twofer!

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Kodak Gallery Wins an Effie! What’s an Effie?

Posted by Kathy Saenz on Apr 21, 2009 in Corporate Communications, Customer Stories, Social Media, Web 2.0

Effie Award

Addy. Telly. Emmy. Effie.

Sounds like a listing of the most popular baby names for 2009, but it’s not. These are the names of industry awards in advertising, video and film, TV, and marketing.

Just add a ‘y’ or ‘ie’ to a couple letters and BAM it’s an award. But in our industry the Effie Awards are special because it honors the one truly significant achievement in marketing: results.

So how excited were we to find out that one of our customers, Kodak, won a 2009 Effie for The Idea Center, developed with Neighborhood America’s technology in partnership with their agency Ogilvy & Mather. The Idea Center is an online community that empowers members to exchange ideas on how to use Kodak products to create personalized gifts and other creative projects using their digital photos. It’s our social software in action!

The Idea Center at Kodak Gallery

Kodak Gallery banked on the idea consumers would be more likely to buy a coffee mug with a picture of their dog or a photo book for mom on Mother’s Day, if other consumers suggested these cool gift ideas. It’s one thing for Kodak to push these products but another when it’s a peer, a fellow digital photo junkie, or a Martha Stewart-type that has come up with a creative idea. And boy was Kodak right!

On average 10%, and as high as 25%, of visitors to The Idea Center buy products, compared to the rest of the site. Not to mention, their average order size is 50% larger. How’s that for results?

Check out the other finalists sharing the stage with Kodak Gallery.

For all the naysayers that refuse to believe social media can deliver real metrics and refuse to see the business case… the Effie’s showcase industry trailblazers like Kodak Gallery.

Are you a naysayer or a believer?

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