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Saturday, 06 Sep 2008
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The
New Age Of The Empowered Subscriber
by
Azriel Winnett
The
term "permission marketing" has been a buzz word (or
phrase) in online entrepreneurial circles for some time. Since
Seth Godin wrote his classic book on the topic, this concept
has shaped the way promotions and advertising are conducted
on the Web and by e-mail.
Godin
conceived of permission marketing as the answer to the traditional
system whereby individual consumers were bombarded, willy-nilly,
with thousands of promotional messages from firms.
With
the new way, customers would indicate through questionnaires
or similar methods exactly what they were interested in. They
would then only receive messages relevant to their specific
categories of interest.
This
method has great benefits for both consumers and advertisers.
For the former, it reduces the clutter in their lives. For the
latter, it increases targeting precision. Promotional messages
reach the right addresses—where they are likely to do
some good.
For e-publishers, this translates into the opt-in principle
that we all use in building up our lists. On a more sophisticated
level, publishers can employ technology to arrange that individual
subscribers receive only those parts of a publication they are
likely to be interested in.
But permission marketing, in its current form, does have its
limitations.
Firstly
consumers are typically asked for their permission only once—when
they first register. As people change, the marketing messages
will become more and more untargeted.
Second,
marketers initiate the promotional conversation. In course of
time, most consumers forget what they said they'd like to play,
read or drink. The more messages they receive, the less they
become engaged in the process.
The
result? Before long, the wheel turns full circle and we're back
to the level of direct marketing.
Partnership
Marketing
To
solve this problem, a professor of marketing at Washington University,
Sandeep Krisnamurthy, suggested a new variation on the permission
marketing theme. He called it "Partnership Marketing".
Partnership
Marketing presupposes new business models that use the promises
of Internet technology to the full.
First,
it calls for the marketer to make the consumer an equal
partner in the promotional conversation. After all,
e-mail technology has reduced the speed with which a company
can receive customer feedback.
Secondly,
and even more importantly, this is the age of empowered customers.
Consumers
decide which companies they wish to pursue partnerships with
and which companies they would rather not talk to. Furthermore,
they're sick and tired of the marketing clutter in their lives,
and are ready to declare war on the relentless bombardment to
which they're subjected. They're seeking simple ways to achieve
their buying goals.
From
all this, we, as newsletter publishers, can take several things
to heart.
For
one thing, corresponding to the first point above, only constant
communication with our clients—in
this case, subscribers—can
ensure that we stay on the right track. Whatever form it takes,
feedback is essential. We have to keep your fingers on the pulse
of our readership.
Moreover,
always remember that we have now entered the age of the empowered
subscriber.
Honeymoon
is over!
E-publishing's
honeymoon period is long over. No longer does a list owner make
one submission to NEW-LIST and then sit back to watch hundreds
of subscriptions come rolling in.
And
if it's more than a little bit harder to acquire those
elusive new subscribers, it's at least equally as hard to keep
them.
Of
course, subscribers always did have free choice to sign up or
sign off. (If not, the list could hardly be 'opt-in').
The
difference now is this: as sick of anybody of marketing "noise"
and clutter, of sensory over-stimulation, "information
overload" or whatever you care to call it, potential readers
have become more far more discriminating.
Bearing
this in mind, our efforts to acquire and retain the trust of
our subscribers take on new significance.
Whether
or not we succeed in this challenge depends on what we do as
well as what we don't.
We
have to be careful to deliver on anything we promise. The best
'killer' promotional copy in the world will hardly do much good
if you undertake to deliver "marketing secrets and original
strategies" which your readers have already seen all over
the Internet!
And
if they have to wade through tons of ads, affiliate program
promotions, announcements of your upcoming teleconferences and
earth-shattering e-books hot off the press—just
to get to that one secret which everybody already knows—well,
if nothing else, you'll have a lively postmortem to look forward
to!
Remember:
the age of the empowered subscriber has arrived! With regard
to trust, you'd be lucky indeed to be given a second chance.
Azriel
is managing editor for the publications of UZIX Corporation.
He has served as senior staff writer at Sling Shot Media LLC
and as editor of their e-mail newsletters, and a few years ago,
he wrote a book "How to Start a Business on the Internet"
on behalf of Information Management
Systems, Inc. His latest work is "10
Unorthodox Yet Simple Techniques for Getting Thousands of Subscribers
Every Month...And as Many Leads as You Can Handle".
A firm believer in the personal touch, he is keenly aware that
credibility has long been a sensitive issue on the Internet.
He invests a lot of energy in building trust, and aims to develop
warm, long-term business relationships that both sides will
find stimulating and fulfilling. Visit him at http://hodu.com
and drop him a mail.

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