Tag Archives: Cryptocurrency

The changing role of “sales” kickoffs & why marketing should drive

The changing role of “sales” kickoffs & why marketing should drive

Contributor Scott Vaughan shares tips on how to make your annual revenue kick-off event as successful as possible.

It’s “Sales Kickoff” season.

The time of year company “keggers” are thrown for every sales org to celebrate (or drown their sorrows about) the past year, hand out self-congratulations, share plans for the new year and, of course, party like college coeds. I had the pleasure of hosting Integrate’s 2018 “Revenue Meet-Up” and just returned from participating in Marketo’s RKOM (“Revenue Kickoff Meeting”) as a partner. And while many kickoffs are simply company rallies, I’m convinced that, done well, these gatherings have a direct impact on business outcomes.

With the kind of time and money being invested, kickoffs can no longer simply be events to fire up sales reps or just a reason to get the team together. “Sales” no longer refers solely to the roles and responsibilities of bag-carrying sales pros. More people touch the customer, have revenue quotas and determine the fate of the business today than ever before. Customer experience and all forms of revenue are the focus of the business. The modern kickoff needs to better reflect this reality and new mission.

The sales org should no longer be the only driver of the kickoff and all that comes with it. A cross-functional, interdepartmental team is required to define goals and outcomes, develop the theme, set the agenda and lead the experience. And, marketing must move beyond simply coordinating events and handing out swag; it must take a proactive, leadership role that reflects marketing’s customer and revenue mission. Here are some thoughts on how marketing can drive and collaborate with their colleagues to create a more impactful kickoff that sets course for a successful year.

Co-create to build company momentum and confidence

In the modern, customer-driven world, the CMO needs to rally their executive peers and proactively lay out the kickoff goals, mission and agenda based on revenue and company go-to-market targets. This is an unprecedented time to get the best marketing assets you have – your employees – behind the go-to-market plan.

Kickoffs shouldn’t be internal and about your company, but what the market requires or the team needs to aspire to. For example, the Marketo team this year announced a new concept around how they’re committing to enabling their customers to be “fearless.” In my opinion, it’s the perfect tone to set for what will be required by both Marketo’s customers (B2B marketers) and their team to succeed in a dynamic market.

If your meeting is in January, you should start planning in August with the company strategy and budgeting process. Co-creating the sessions with sales leadership and the customer success team is an excellent way to start. It gets the core revenue-driving groups on the same page for planning and prep for the year ahead. This leadership group can then pull in ops, product and others as needed to assure an impactful kickoff.

Rollout new strategies, company and transformational moves

Revenue kickoffs are the ideal time to (re-)set the mission and introduce the charter for the year(s) ahead. If you’re going after a new market, new geos, pivoting or rolling out a new brand or expanded market position, do it here. You’ve got a unique opportunity to communicate on a big stage and several methods to communicate and involve people and teams in discussion from all different angles.

Don’t overload sessions with product features

Rarely, do we B2B teams get the opportunity to come together with such purpose and focus. Significant moves can be brought to life on stage, in breakouts and during 1:1 sessions. These aren’t the ideal venues to announce a bunch of new product features. With so much going on, the detail and importance will get lost. This can be handled by having sales, customer success and marketing pros sit down with product and development in smaller breakout sessions or save these announcements post-kickoff in another venue.

Bring customers and partners to keep it real

One of the best things you can do to make your kickoff real is to infuse customers, prospects and partners. Share their stories, bring their world to life and let their voice be heard by all. The sooner you make it about them and not just about the company, the better the points will be received and acted on by your team. At our company, we always have customers (often customer teams) on the main stage to share what they’re working on, their challenges and how they’re working with us and other providers.

Partners – channel, technology and alliances – are often your best market representatives and revenue drivers. Get them participating, learning and contributing. If your business is largely driven by partners and you have a separate partner gathering/conference, still showcase their work, how you’re working together and new strategies and tactics to make this stronger in the year ahead.

Sit down with sales, customer success & partners

For marketers, revenue kickoff is a gold mine. Your sales and customer success colleagues, partners and customers are all together over a few days. Capitalize on this by setting aside time with key sales leaders to get input, run your ideas by them and/or share what’s rolling out in the coming months to get buy-in. We use the opportunity at our kickoff to sit down with the customers who attend, first and foremost, to thank them for their business. We then use this an opportunity to get their feedback on our strategy, capture their story on video and/or to develop a case study.

Once a year is not enough

Revenue kickoff takes significant energy, time and resources. But done right – focused on customer themes, joint company revenue and go-to-market targets – the ROI is huge. And when the kickoff is wrapped, we’re reminded we need to do it all again, soon. Gathering once a year is not enough. Organizing regional sessions or taking advantage of quarterly business/revenue review gatherings is a must to keep the momentum you built at kickoff going all year until the new year dawns and we get to do it all again!

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to learn more about Marketing.
Interested or have Questions, Call Me, 559-474-4614

Thomas Prendergast

The secrets of successful legislative marketing

The secrets of successful legislative marketing

Many in Congress hope to reap the rewards of their legislative accomplishments

in this November’s election. For Republicans, passing tax reform, removing the mandate to purchase health insurance, and approving a broad swath of judicial nominations will top their hit parade. Democrats will focus on how they protected ObamaCare from repeal, held the line on spending cuts, and list the priorities they would tackle if voters returned them to the majority.  And who knows, maybe 2018 will even include some unexpected bipartisan wins for which both sides can take a bow with constituents. 

Whatever the substance, selling Congress’s work is a perennial challenge. The reasons for this communications riddle are numerous. For starters, voters are preoccupied with their personal lives and often distracted, bored, or confused by the details of congressional rhetoric, policy debates, and an arcane lawmaking process. Moreover, in a nation closely divided along partisan lines, legislative “wins” are often zero sum. For example, while Republicans will tout tax reform as the crowning achievement in the 115th Congress, some Democrats will continue to label it as “Armageddon” and “the end of the world.” No doubt, each party’s most faithful followers will believe them. In navigating these shoals, both parties would be wise to follow a few simple rules to maximize the impact of their political communications.

First, recognize that messaging success is more like a series of niche marketing campaigns, rather than a single national advertising effort. Not only do congressional parties and individual lawmakers lack the resources to execute such a large-scale communications strategy, that approach does not work for other reasons. “You can’t boil the ocean” is an often-repeated phrase among communicators, and nowhere does it apply more than talking to the public about legislative accomplishments. Moreover, we live in a diverse country with assorted political views, varied interests, and short attention spans. A one-size-fits-all approach is a formula for failure.

Author Chris Anderson, in his 2006 book The Long Tail, outlines a better approach. “Our culture and economy is increasingly shifting away from a focus on a relatively small number of ‘hits’ (mainstream products and markets) at the head of the demand curve and toward a huge number of niches in the tail,” Anderson says. 

The good news is technology allows politicians, like other marketers, to follow the Long Tail approach. Finding niche audiences on social media or through online advertising is easy. The beauty of this “narrowcasting” approach is it applies to major legislation, as well as seemingly minor legislative accomplishments. As an illustration, when Congress passed the 21st Century Cures bill a little over a year ago, it offered lawmakers a broad array of potential niche audiences to target and claim credit.

Those interested in boosting NIH funding, mental health reforms, or transformational changes to the drug development and approval process were among the diverse stakeholders members of Congress could appeal to. One lawmaker (and he was not alone) had an active and engaged group of constituents concerned about Lyme’s Disease. He told me the bill’s provision’s dealing with that complicated malady represented the number one benefit of the bill he would tout to that community. For a group of stakeholders, intensely interested in that disease, he was right.

Second, do not forget the rule of repetition. The virtue behind this simple principle is often lost. Here is the typical pattern. Lawmakers consider an issue, debate, vote, and then move on to the next subject. It happens all the time and it is a mistake. Voters don’t absorb information in one news cycle or through a single press release. It takes repetition. Success in this area requires going against the instincts of most congressional offices. Lawmakers and staff are always looking for the next new issue or hot topic. But they need to build on what they have done. Repetition is boring, but it’s successful.

Third, Congress needs to behold the beauty of brevity. Most lawmakers and staff believe three bullet points are persuasive; five, even better; and 10 will defeat even the most recalcitrant opponents.  Wrong. That is not how voters consume and digest information. They tune out lengthy and detailed justifications. Brevity works. “There is a reason why no one puts a laundry list on a bumper sticker,” says messaging expert Rich Thau, president of the research firm Engagious. He goes on to say, “One big idea packs more of a punch than five or 10 smaller ideas combined,” and he’s right. Unfortunately, a lot of legislative communications snowballs into an avalanche of information, which buries the audience, the message and the messenger.

Voters will assemble scorecards before the November election to evaluate the performance of lawmakers. Those representatives and senators who identify and appeal to the preferences of many niche constituencies, remember the rule of repetition, and the beauty of brevity, stand the best chance of joining the 116th Congress next January.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to learn more about Marketing.
Interested or have Questions, Call Me, 559-474-4614

Thomas Prendergast

Selling Marketing Software to Marketers: It’s More of a Science Than an Art

Selling Marketing Software to Marketers: It's More of a Science Than an Art

The number of marketing technology (martech) providers vying

for every marketer’s attention is staggering: In his latest report, Scott Brinker, vice president of the platform ecosystem at Hubspot, estimated that there were 5,000-plus providers in 2017 — representing a 40 percent increase over the previous year. Add to that the five or more options every martech tool typically offers for marketers to choose from. Medium, for example, has to compete against other CMS platforms like WordPress, Joomla, Hubspot Blogging Software and Kentico.

This mountain of rivals that marketing-software brands must contend with every day makes their effort to appeal to their target customers — marketers — a little like trying to run after your hat in a hurricane. On top of that, martech businesses are trying to beat their marketer-customers at their own game — after all, marketers are quite familiar with the marketing strategies martech brands use. It all becomes a bit like a psychologist working with a psychiatrist on his or her latest addiction. An observer might wonder, who’s asking the questions and who’s taking notes? Still, marketing a martech brand to marketers need not be so hard. How's that work? Let's start from the view that selling to marketers is more of a (simple) science than an art.

Recognize that selling to marketers is more science than art.

Selling to marketers, in my view, is almost entirely science. I'd personally estimate a breakdown of 20 percent creativity and 80 percent science — meaning research, numbers, measurements and tests. Marketers — the customers – look at numbers and validations (both of which are scientific elements) when making decisions at their jobs. Further, marketers can be attracted to martech companies' designs, graphics, art — even their jokes. But when it comes to getting those same marketers to pull out their wallets and take martech companies' products to their CMOs or clients, those marketers will need proof (science) that any particular product is worth spending their company's money on — or no deal.

Before spending $10,000 on social media marketing's ad costs, for instance, marketers might test out a concept with $100. In fact, they’re always testing; and there's science in that. So, if you're the martech rep, show the marketer proof, and chances are that he or she will buy in. Offer a trial of your marketing software and let the marketer test it out to get raw data. Display testimonials of happy customers. Share the numbers you’ve achieved. And pay attention to the language you use.

Use the lingua franca marketers use.

A lingua franca is a common language used by speakers who speak different native languages. This applies to marketers, too. Even though they have different native tongues, they speak a common language. So, if you're a marketing software brand and you're not speaking that common language, you'll have a hard time. In a recent Salesforce study, 65 percent of businesses surveyed said they were likely to abandon brands that didn't provide "customized communications." In other words, if your software brand speaks to marketers in a foreign language, they may ignore your campaign without thinking twice.

So, use marketspeak, words like:

  • MRR and ARR, not “income”

  • Optimize, not “make the most of”

  • ROI, not “efficiency of investment”

And so forth. As someone who does content marketing for martech and other marketing-focused brands, I can vouch for these words as terms I use for promoting content to martech clients. Using these terms doesn't guarantee your customers (marketers) will be falling head over heels for your campaigns. But it does mean they'll stop scrolling and at least give you five seconds to convince them. If you don't use that language, you may not even get that. My friend, Carlos Aguilar, of Conversion Surge, puts it this way: “To increase conversion, pay attention to the copy on your website . . . Does it use the same language of your ideal customer?”

Know where marketers hang out.

Know where marketers hang out online. This means places like:

LinkedIn:

Linkedin is almost a requirement for a marketer; virtually all marketers actively use LinkedIn to showcase their portfolios and interact with other experts in their connections and groups. So, any great, targeted campaign here has a chance to work wonders.

Twitter:

Marketers also use Twitter, to connect with other marketers and interact with reporters and editors of top publications. They use Twitter to follow trending news and hashtags on entertainment, politics and other interests.

Email:

Marketers daily use email for work. So, when doing a martech campaign, you need to grab their emails. Once you have those, you get access to advertise your marketing software in their inboxes.

Communities:

Platforms like Inbound.org and Growth Hackers allow marketers to interact about real issues they face in our day-to-day work.

Marketing blogs:

Marketers subscribe to sites like Digiday, Marketing Land and Kissmetrics, frequenting them to find new strategies to use to get better at marketing. Engage marketers on the platforms they already frequent. But be sure to use these platforms the right way, so you don’t get penalized by their owners or ignored by the marketers you’re trying to sell to.

Marketers love high-quality, helpful resource hubs; build one.

It’s true we’re experiencing an overflow of content. But it’s also true that people still give their attention and time to good resources. Need proof? Maybe it's the fact that you're reading this post. Marketers have to keep abreast of new trends and strategies all the time. And that gives you, as a martech company, an advantage when you sell to them. They need great resources, so if you provide them, they'll pay attention to your brand. I know, I know; it's not simple. But with a good strategy,

if you can:

 a) create high-quality resources that will help marketers become better marketers; and

b) promote the heck out of those resources, attract and convert customers and even generate accurate customer information for your database.

Final words

Marketing to marketer-customers can be easy if you employ these strategies. That's why you should approach these customers with what they themselves base their decisions on. Remember that they care most about numbers, tests and proof. Remember to speak the marketer's language: ("revenue," not profit; and "customer acquisition," not cost of getting customers). In the end, selling to marketers using the science involved (and not the art) improves your chances of selling to them and rising above the many other martech companies competing for the same prize. 

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to learn more about Marketing.
Interested or have Questions, Call Me, 559-474-4614

Thomas Prendergast

What’s Ahead for Marketers and Influencers in 2018?

What’s Ahead for Marketers
and Influencers in 2018?

Opinion:
Brands must keep a keen eye out for trends and be ready
to shift their strategies

Influencer marketing has maintained its value
through the existing influencer-follower relationship.A new year always brings about much speculation in the world of marketing. Recent years have seen a seemingly endless stream of new technologies, platforms and tactics that marketers and brands can leverage to stay ahead of the curve. Throughout 2017, influencer marketing has maintained its value through the existing influencer-follower relationship, and it has continued to evolve. While the end of 2017 brought with it new technologies and opportunities for brands that incorporate this marketing tactic, we expect to see some of these developments really gain their momentum and mature in 2018. Below are a few trend predictions and tips for marketers and brands that want to start the year with strong influencer marketing strategies.

Influencer network as a service

By now, most marketers now know what an influencer is and have already incorporated these content creators into their marketing strategies and budgets. A recent survey revealed that 61 percent of brand respondents had worked with digital influencers within the past year. As brands become more comfortable with the influencer marketing process and better understand the additional value that brand-tailored campaigns can provide, some are looking to take a more active role in establishing their own influencer relationships and managing the entire campaign process.

One way that brands are taking more control is through a new model known as influencer network as a service. This model gives brands the tools they need on an easy-to-use platform so that they’re fully equipped to manage their own campaigns and influencer relationships directly, making for a more streamlined experience. Additionally, brands have the option to build their own custom-created networks from scratch, catered to a specific niche audience or designed for a select campaign. These influencer networks as a service give brands a new way to create meaningful content by working with influencers whose values are aligned with those of the brand. This type of custom fit cannot always be achieved with a premade influencer network.

Social platforms catered to influencers

Brands aren’t the only ones taking note of the power of influencers. As more marketers plan to launch influencer campaigns or increase their influencer budgets, social media platforms are stepping up their games to provide a better overall experience when working with sponsored content. In 2017, we saw social platforms create features and updates that simplify and enhance the influencer marketing process in an attempt to draw in more brand and influencer activity. Big changes came to Facebook marketing, including a feature that allows brands to share influencer posts directly with chosen audiences and an option to select which influencer can tag the company in branded content.

Instagram rolled out a new way for influencers to identify sponsored posts, which make it easier for brands and influencers to comply with Federal Trade Commission disclosure policies, and it added a new polls feature giving brand and influencer followers a new and exciting way to engage with these accounts. And Snapchat released a long-awaited, influencer-friendly feature that allows users to add external links to their videos. Social media is the go-to place for many shoppers these days. A recent survey found that almost one-half (47 percent) of social purchases are made via Facebook. Going into 2018, we’ll likely see more influencers and brands adopting these platform changes in an effort to engage their followers in new ways, while also streamlining their own efforts so that campaigns can become even more targeted to audiences.

Increased product involvement from influencers

More customers than ever are trusting influencer opinions on products. A recent survey found that 49 percent of consumers rely on recommendations from influencers they see on Twitter. While many consumers are loyal to their favorite brands, loyalty to influencers is a bit different. You expect brands to promote their own products in sponsored posts, but influencers are real people who often choose to work with brands that they believe in and are connected to, so there is less perceived bias. Loyal followers notice this and are more likely to pay attention to an influencer’s recommendation of a certain brand, product or style. As marketers catch onto this trend, many are offering their popular influencers a seat at the product-planning table. Influencers who are particularly engaged with their followers have their finger on the pulse of what the brand’s target audience is currently interested in.

This information can be very valuable when the time comes to design new products and campaigns that will catch customers’ eyes. So far, we have seen this trend emerge mainly for beauty and fashion brands, which are more likely to release special collections and lines tied to seasons or themes. However, as it gains traction, don’t be surprised to see a more diverse group of brands work closely with influencers for development in 2018. Although influencer marketing is no longer a new tactic, it is one that will remain relevant as time goes on with the introduction of new tactics and best practices. In the new year, as consumers and social platforms evolve to capitalize on these changes, brands must also keep a keen eye out for trends and be ready to shift their strategies and make the most of influencer campaigns.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to learn more about Marketing.
Interested or have Questions, Call Me, 559-474-4614

Thomas Prendergast

Some Digital Marketing Trends To Watch In 2018

Some Digital Marketing Trends
To Watch In 2018


'Tis the season to take a look at what worked
and didn’t work in your marketing last year. In going through that exercise, I encourage you to test some new tactics for the year ahead. Below are six trends to keep an eye on and how to apply them.

'Mobilfication'

We've heard about mobile for the last few years, but for some crazy reason, many businesses are still not taking action. Stand in line anywhere nowadays and watch what people are doing. I can assure you they have their face buried in their mobile device. Mobile will continue to be a top priority for marketers for years to come.

Put a mobile strategy in place to engage with your prospects and customers. This means creating a mobile website but, depending on your business, mobile elements might include the ability to send text messages to your customers. For example, the restaurant industry can get away with sending texts once a week with specials, whereas a doctors office would be hard-pressed to send something so regularly. I'd suggest starting off by sending two messages a month, one fun text and one promotional with a call to action. Once you get started, you'll be able to quickly gauge how many messages your audience will respond to.

Media Properties

What type of business are you in? Regardless of your answer, I would challenge you to start thinking about your business as a media company. Where do you get most of your information about what's going on in the world? Whether you read your news online or still read a paper copy, the news controls the conversation for the day, week or month.The best way to control the conversation in front of your prospects and customers is to get in front of them with quality content. Launch one media platform that's 100% focused on providing helpful, authentic content to your end customers. This could mean a podcast, a well-written and thought-out blog or even a livestream video that you film on a weekly basis. The business that produces the best (and most) content will come out on top.

Chatbots

Chatbots are all the rage as of late and for great reason. If you're not familiar, think of them as a tool on the other side of a computer that can respond to your customers' questions or comments. Chatbots are used for engagement, customer service issues, general questions and even closing business. I've been testing them out the last six months and the results have been off-the-charts. The crazy thing is, if you set up the bot correctly, it's very tough to tell if you're talking to an actual person or a bot.

Launch a website or Facebook chatbot to engage with your prospects. Find something fun or engaging to start the conversation, as the prospect needs to initiate the chat. I'm a huge fan of data-driven marketing and have seen open rates exceed 80% or higher with an engaged audience. So, if you send 1,000 messages via your chatbot tool, chances are high that at least 800 people will see your message. Those rates are far superior to email open rates, making this a unique channel not to ignore.

Reviews

Organic traffic from SEO continues to be one of the best sources of web traffic for many businesses. While there are a lot of elements involved in ranking, the number of reviews you have is a key factor. Google looks at your Google reviews, Facebook reviews, Yelp reviews and more. Why would Google want to prioritize a business in the search rank that has a one-star rating? While your reviews are essential for search engine rankings, they can also make or break a sale for you. According to research, half of adults under the age of 50 regularly check online reviews before purchasing a new item. What will they find? I hope a substantial amount of positive reviews that makes the decision easy. Put together a solid plan for getting reviews for your business. Be careful not to incentivize people (as this is not allowed), but instead have a system for asking for reviews.

Video

I expect to see more Facebook Live videos and a rise in web TV. In many surveys out there (like this one), consumers say they much prefer video over text. Video helps tell more compelling stories, gets your point across faster and can improve sales. Video on a landing page or sales page, for example, can help increase conversions by as much as 80%, according to research. Get started by committing to doing four videos per month. Whether you do a Facebook Live, YouTube video or a video for your website, it doesn’t matter. Get into the habit of producing quality video content for your prospects and customers.

Branding Versus Direct Response

Telling your story versus telling people what to do is critical. To paint a more vivid picture, let me provide an example. Educators Credit Union, a client of ours, hosts dozens of events throughout the year that provides value to their members and portrays their brand to the community. Several times a year, they host a shred day, allowing members to bring their papers to be shredded at no cost. Their team is there to help and makes it a fun, community-based day. There are no fancy calls to action. Instead, they're continuing to keep their name out in the community and telling their story. Stop focusing all of your attention on the call to action and make sure you're delivering value first, telling your story and portraying your business in the best possible light. Above, There have been provided some trends. Pick one and execute. Ready, set, go!

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to learn more about Marketing.
Interested or have Questions, Call Me, 559-474-4614

 

Thomas Prendergast

A Few Ways Blockchain Will Disrupt Traditional Business And Impact Marketing In 2018

A Few Ways Blockchain Will Disrupt Traditional Business And Impact Marketing In 2018

Recently, cryptocurrencies have dominated the news with Bitcoin,

Litecoin and other altcoins generating mainstream buzz. Companies are utilizing a myriad of marketing efforts, particularly social media, to drive interest within the sector. The interest in cryptocurrencies has mainly been speculative as investors look to ride the wave. On November 27, CNBC reported that there were 13.3 million users for Coinbase, the leading U.S. platform for buying and selling Bitcoin. In contrast, Charles Schwab maintained 10.6 million active brokerage accounts.

With that said, technology is evolving at a rapid pace and 2018 will be the year that blockchain, the backbone behind cryptocurrencies, establishes itself as the fastest-growing digital technology since the evolution of the internet. The blockchain is a distributed incorruptible digital technology infrastructure which maintains a fully encoded database that serves as a ledger where all transactions are recorded and stored. For those not familiar with blockchain, here's a good primer for beginners.

Today, startups are jumping on the blockchain and looking for ways to promote their idea or company above the noise. These companies understand that we are in the midst of a “Gold Rush” and are laser-focused on promoting their solution to drive interest, raise capital and increase market share. Many companies are being built to leverage blockchain to create greater efficiencies and maximize the current frenzy. (Full Disclosure: My company started an accelerator for blockchain businesses, helping them grow from concept to reality to widespread adoption.) With Blockchain technology migrating from early adopter status to mainstream adoption, below are three ways blockchain will disrupt traditional business and impact marketing in 2018.

Capital Security

Access to capital is currently one of the major challenges startups face, as the ability to fund an idea and grow a business is burdensome. Lending options are not the same around the globe, and blockchain levels the playing field in the global economy. Firms and agencies do not always have the ability to raise capital efficiently as costs of loans and transaction fees make the process a non-starter. Blockchain will ultimately serve as an engine for securing capital since cryptocurrencies are decentralized and there are no fees associated with them. Entrepreneurs can benefit from the blockchain by accepting funding from angel investors and venture firms the world over, in quick time.

The quicker companies are to (more easily) secure capital, the quicker they'll be to invest in building their teams and promoting their business. In particular, a larger yield of startups will lead to a higher overall marketing spend, which will impact the addressable market for agencies and firms alike.

Real-Time Automation

Blockchain essentially automates processes, and formal client agreements will benefit from a fully automated approval process. Often, blockchain is referenced as a “smart” ledger/contract. Implementing blockchain as a replacement for the typical multiple executive approval processes would cut down project delays and create a universal agreement across business sectors impacting both clients and agencies.

Similarly, blockchain can automate the sourcing, supply chain and procurement processes by tracking responsibilities throughout their life cycle, which would ensure accurate data and accountable transactions. This would disrupt the way marketers engage with and service their clients. Agencies will be impacted by automation as it reshapes the relationship amongst your business and customers. Automation in smart contracts and/or sourcing provides real-time updates and a live snapshot that provides for seamless reporting from all transactions, tracing the actions and deliverables effectively.

Influx Of Startups

Blockchain has begun to generate excitement, and entrepreneurs will attempt to devise the “next big thing” via the use of the blockchain network. Many will see blockchain as the next dot-com opportunity. As companies form to leverage blockchain, the investment community will follow as they did in the 1990s. The excitement and push to build blockchain businesses will spur the economy and ultimately create a robust market for agencies to service blockchain companies.

Blockchain companies need marketing to position their startups above the noise. Leveraging agency expertise will help these companies grow and position them for success. A forward-facing company with a crisp look and a targeted message will build its brand and put itself in a position for investment. For the marketing industry, blockchain provides the largest addressable market since the 1990s. In the early 90s, the internet was something that many didn’t fully understand or realize the impact it could have on our future. Back then, companies were quick to add the dot-com suffix to their name in an attempt to build off the growing momentum. Similarly, fast-forward to 2018 and companies are adding “blockchain” to their name purely to increase valuations.

According to Bloomberg, Long Island Iced Tea Corporation changed its name to Long Blockchain Corporation after it received an ultimatum from Nasdaq in October. When Nasdaq threatened to delist Long Island Iced Tea unless its market value rose above $35 million for 10 consecutive business days, it added “Blockchain” to its name and achieved the target market value via a surging stock price. Kodak has also stepped into the field, announcing the roll-out of KodakCoin.

As 2018 progresses, it will be interesting to see if the cryptocurrency bubble bursts. If there is a market correction, will it impact the excitement around blockchain? In fact, most speculative investors in cryptocurrencies don’t fully understand the difference between crypto and blockchain, and their investment in crypto is really an investment in the blockchain. In short, as blockchain continues to evolve, we’ll see a changing dynamic within the marketing community. Business transactions will get a makeover and this will create a verified transparent network that will ensure privacy and security. This will be the year that blockchain goes mainstream, and the adoption of its processes will lead to a boom that will disrupt traditional business and impact marketing.

Chuck Reynolds


Marketing Dept
Contributor

Please click either Link to learn more about Marketing.
Interested or have Questions, Call Me, 559-474-4614

Thomas Prendergast

How bitcoin and blockchain will change the world

 
How bitcoin and blockchain will change the world

Digital currencies are the future of money, but bitcoin probably isn't the ultimate winner.

Publish on Markethive:
https://markethive.com/group/marketingdept/blog/how-bitcoin-and-blockchain-will-change-the-world

Bitcoin climbed in value from less than $1,000 at the beginning of 2017 to $14,000 by the end of the year. A coin of Ethereum was worth $8 on Jan. 1, 2017, and $843 one year later. Who would not be intrigued with the idea of owning something that appreciated thirteenfold, or even a hundredfold, in one year? Even the least sophisticated investors are wondering if cryptocurrency is a real thing or just a bubble of speculation. The real revolution is not the currency but the system that supports it.

Digitization and commercialization of trust

In the late 1990s, many were sucked into the dotcom bubble as the internet revolution brought unimaginable valuations to businesses with a technology bent. But the companies themselves were not as valuable as the platform they were all being built on: the internet.

 

Cryptocurrencies like bitcoin and Ethereum are no different; they are the shiny objects capturing everyone's attention. But the real industry changer is blockchain, the technology they are built on. Why? Because just as the internet digitized geography and made the world smaller, blockchain does something unimaginably valuable: it is the digitization of trust. It makes transactions trustworthy and safe. Here are some questions to consider in the emerging world of digital logs:

 

1.         Will digital currencies dominate the future? Digital currencies are absolutely the future of money. However it's unlikely that bitcoin is the ultimate winner. Regardless of the coding oddities that make it an inefficient vehicle (the mining code used makes it a colossal waster of electricity and processing power), the idea is simply too big for one platform to own. According to Erik Townsend of the MacroVoices podcast, the demise of bitcoin will result from the privacy and anonymity it guarantees. Sovereign nations will not allow transactions to occur without ensuring taxes are paid and the flow of funds is monitored.

 

Whether it's in the name of security or for some other reason, you can bet that as cryptocurrencies evolve, so too will government regulation and involvement. China has already started working on a digital renminbi. If the U.S. intends to keep its status as the world's reserve currency, it will need to digitize. By making all non-agency-sponsored currency illegitimate, the world's governments can rapidly marginalize currencies like bitcoin as the domain of bad actors on the fringes of society.

 

 

2.         How does blockchain work? The system that all cryptocurrencies are built on is a distributed ledger protocol (DLP). Think of it as the ultimate digital log. Imagine a digital version of the library book log many of us grew up with. It tracks who borrowed the book and for how long, and ensures its eventual return (or the appropriate fine). Now imagine if that book was digital and the log tracked who could borrow it, amend it and share it, and there was a complete digital footprint of every person's interaction with it. Now imagine that log not being monitored by a library, but instead being regulated and protected by the users. Think what it would mean if this technology was used for every product, transaction and payment throughout the world with secured access for approved participants.

 

3.         What are the implications of mass adoption of DLP technology? If the buyer and seller do not know each other, many transactions currently require an intermediary to reduce counterparty risk and ensure payment and the safe delivery of products and services. Ultimately, blockchain will completely change how the world interacts because it allows for the safe transfer of a product from one person to another if a set of programmed conditions is met. In the log, you can set the rules for who has access, for how long, and ensure safe payment. With blockchain, we aren't just logging the transaction, we are also guiding the transaction and all of the streams of payments along the way. Blockchain instills instant confidence in the transaction.

 

What happens when we really don't need to have a trusted middle man like a bank or an escrow agent to confirm delivery and payment? Or a title company to track the history of property? Over time, transaction costs will decline and many of the world's multifaceted intermediaries will have to evolve to survive.

 

Hurry up and wait

DLP technology today is like the internet in 1992, with immense potential but a messy learning curve. Investing in dotcom stocks in the late 1990s was a frenzy, and many of the pioneers ultimately failed. The real impact of the internet has taken decades to unfold, but the future of commerce and society has been forever changed. DLP technology has the potential to be just as impactful over time.

 

Should people buy bitcoin or other digital currencies today?

Just like the dotcom bubble, backing any one "winner" in the crypto craze is like placing a bet on a specific number in a game of roulette. It's so early and the outcomes are so uncertain that nobody knows who the eventual winners will be. You only win if you pick right and are fortunate enough to leave the table at the right time.

 

Origination: Joe Duran is founder and CEO of United Capital. Follow him @DuranMoney.

Investment News (http://www.investmentnews.com/article/20180125/BLOG16/180129956/how-bitcoin-and-blockchain-will-change-the-world)

COMMENTS

What do you think?

Thomas Prendergast

The Millionaire Maker

Martkethive poised to go to battle. Pay attention because it has taken 20 years to prepare for this journey into crypto wealth.

I have built Markethive as a walk in faith. Sometimes it has nearly broken me financially, but the Lord kept prodding me to build it. Through treachery with previous partners, financial collapse with Trivita’s damaged income, through suffering from heart failure and actually death in the hospital from heart failure, diagnosed with diabetes 2, having to move from Wyoming to Fargo, a wife that needs special care daily, I persevered because the Lord kept inspiring and prodding me to keep building it.

Last year (July 2016) I took Markethive out for trials, utilizing the Inbound Marketing  tools  and built the Valentus opportunity and became diamond in 12 days (breaking, even shattering the records!), then I rolled Markethive out to assist in an ICO opportunity and within 3 weeks produced over $180,000 in commissions and broke records again.

Keep in mind neither of these opportunities had the longevity capacity, like Trivita did, to become a legacy lifetime income. I was still looking.

This year, I actually died (obviously recovered)then was given a sobering diagnosis which sidelined me from any work for 5 months. Living on savings off my Bitcoins, I was able to focus on recovery and 4 weeks ago was diagnosed with no heart failure and no diabetes (a miracle blessing from the Lord, walking 10 miles a day and a strict diet) and was able to actually get back in the saddle again.

I was ready to get back into the fight and had a few false starts with The Trade Coin Club and Jet-Coin. Then an associate from my Trivita down line made me aware of Bitclub. Joe Able, one of the 3 founders of Bitclub Networks called me and paid to fly me out to meet him. I went with the intentions to pitch him for Markethive investments (I am obsessed with Markethive). Boy was I in for an amazing revelation.

As he introduced me to Bitclub (he took 3 hours out of his busy schedule for me to present this companies many facets and the details) I was overwhelmed, floored actually. It was a jaw dropping experience how well this company has been built, its foundational vision and mission. There is money to be made on so many levels and this company actually has ascended above all other MLMs in so many ways.

I could go on but I made a video to really illustrate how I am engaging Markethive into this. Millionaires will be made. 100s of them in my organization perhaps even 1000s because of the raw marketing power Markethive brings to this and I own Markethive.

Please join my group to get rolling into this huge opportunity tsunami. Surf is up. Big wave surf. Wax your boards and let’s safari brothers and sisters.

https://markethive.com/group/bitclub

Thomas Prendergast
Founder

Thomas Prendergast

Standpoint’s Ronnie Moas raises bitcoin forecast to $7,500

After calling latest surge above $4,000, Standpoint's Ronnie Moas raises bitcoin forecast to $7,500

  • The stock researcher issued a $5,000 price target on bitcoin in late July, and raised that by $2,500 on Monday after the digital currency's surge to a record high over the weekend.
  • Moas expects the market value of digital currencies to jump from around $140 billion to $2 trillion, and bitcoin to rise alongside that increase.
  • Moas said he never held any of the stocks he issued reports on, but now all of his investments are in digital currencies.

 

Standpoint's Ronnie Moas raises bitcoin forecast to $7,500    Standpoint's Ronnie Moas raises bitcoin forecast to $7,500  
1:14 PM ET Mon, 14 Aug 2017 | 00:50

Longtime stock researcher Ronnie Moas raised his price target on bitcoin by $2,500 on Monday after the digital currency hit all-time highs over the weekend.
"What's happening is the floodgates are opening," Moas, founder of Standpoint Research, said in a phone interview with CNBC on Monday. "I believe there are hedge funds and very deep-pocketed individuals going into this now, really hundreds of millions of dollars."

Moas first laid out his views on bitcoin's potential in early July and issued a formal report at the end of last month with a price target of $5,000 for next year.

He told clients Monday he now expects bitcoin to climb nearly 80 percent from the weekend's records to $7,500, and maintained the digital currency could surge to $50,000 in 2027 — representing a 28 percent annual compounded growth rate.

Bitcoin three-month performance

Source: CoinDesk

After bitcoin's uneventful split into bitcoin and bitcoin cash on Aug. 1, bitcoin has soared more than 40 percent to all-time highs.

Bitcoin climbed 5 percent Monday morning to a record high of $4,321.08, more than quadruple in value for the year, according to CoinDesk. At that price, the digital currency has gained about 50 percent in August.

As institutional investor interest in bitcoin grows, Moas expects digital currencies to become part of "strategic reserves" and "asset allocation models in the near future." He also said people in foreign countries will likely want to buy digital currencies as a more stable alternative to their national currencies.

"You can't look at this as a normal situation," he said. "We're in an industry that will probably go from $140 billion to $2 trillion and the bitcoin price will probably move with that."

The total market value of more than 800 digital coins listed on CoinMarketCap.com has climbed from around $20 billion at the start of this year to about $140 billion on Monday. Bitcoin accounts for about half of that value.

Year-to-date change in global value of digital currencies

 

Published by and fro

Source: CoinMarketCap

Another digital currency, ethereum, traded 1 percent higher near $307, according to CoinDesk. Ethereum has shot up more than 3,000 percent this year.

Bitcoin cash, an alternative version of bitcoin supported by a minority of developers, held steady near $300, according to CoinMarketCap.

Moas told CNBC that 100 percent of his investments are in digital currencies, with the majority in bitcoin and ethereum. He said he never invested in the stocks he issued reports on.

He added in his Monday note to clients:

"Any way that I look at these numbers, my forecasts are looking conservative. It looks to me as though we are at the same point in the adoption curve as we were in 1995 when we went from one million internet users to ten million. The following year the Netscape browser came online and we went from 10 million users to hundreds of millions of users overnight.

I expect that within a couple of years we will have between 50 and 100 million cryptocurrency users — up from approximately ~10 million today. We only have 0.15% market penetration right now — if that goes to 2% or 3% we will get to the $50,000 price target that I set at the beginning of July."

 

To be sure, many note that bitcoin remains like the Wild West compared with the established Wall Street market.

"People should understand they're not dealing with the NYSE right now. There's no regulation, there's no face that you can attach to these exchanges," Moas told CNBC, noting his digital currency holdings are spread across five exchanges.

Bitcoin lost more than half its value in 2014 as Mt.Gox, then the largest exchange by far, said it lost about 850,000 bitcoins (worth about half a billion U.S. dollars at the time) and filed for bankruptcy.

This July, the U.S. Department of Justice alleged in an indictment that a "sizeable portion" of the Mt.Gox losses were deposited in accounts controlled, owned and operated by an exchange called BTC-e and a Russian national named Alexander Vinnik. Vinnik was arrested in late July.

— Reuters contributed to this report.

WATCH: How practical is it to live on bitcoin in 2017? We tried it for a week

Originator and publisher:
@chengevelyn
Published 10:32 AM ET Mon, 14 Aug 2017  | Updated 11:08 AM ET Tue, 15 Aug 2017

Posted by,
Thomas Prendergast

Thomas Prendergast

Today’s automated money machine

Automated Money Machine Cryptocurrency

How To Automate Your Business Online, Create More Leverage And Automated Your Income.

1. Profit Pulling Lead Capture Pages

Learn how to create compelling, high-converting, cash generating lead capture pages that attract your ideal customer, give you instant credibility and make you look like a PRO.

VALUE: $1000

2. Short Cut To Freebies That Convert

Learn how to create custom designed and brand-centric lead magnets that attract customers and business partners like bees to honey. It will be the sweetest (and most lucrative) strategy you can add to your business and it can grow your list like gang-busters.

VALUE: $1000

3. The Secret To Increasing Your Income INSTANTLY

You can jump behind the scenes and get a birds-eye look into my business. There is nothing more valuable that getting the inside scoop on how I set up my business from the inside out and how I've been able to generate over 1.5 million business partners and earn over $40 Million online all from the comfort of my own home…

VALUE: PRICELESS

4. List Building Strategies To Leverage More Sales

Tap into targeted list building strategies that show you exactly how to grow your list into the thousands. There's a whole lot less competition in your inbox than other places online, and the less your potential customer or client has to compete with other sellers, the easier it is for them to read, click and buy from YOU! I'm going to teach you step-by-step how to leverage email marketing like a ninja!

VALUE: $1000

Just register below (1 Click) and join me in my free live webinars. These webinars are state of the art technology that requires no registration, downloads and are private and secure. Come as you are.

 

Thomas Prendergast

Thomas Prendergast