If you haven’t already guessed, I’m big on educating people. A few weeks back I put together a presentation called “Bootstrapping to Seven Figures” which took me about a week to create.
Basically it contains the core ideas and strategies we’ve used to build our company to over 50,000 clients and high seven figures in yearly revenue. I shared my presentation with around 3,000 people on a webinar I did recently for one of our design partners and was blown away by the response – I even managed to score two marriage proposals before I was done!
Anyway, I wanted to share the exact same presentation with you, our loyal clients. If you’ve just started your business and you’re looking for a way to grow your sales to $1,000,000 within 12 months then this is it.
I’ve broken my presentation up into four videos, each of which is embedded below – the entire presentation runs for around 40 minutes. It contains absolutely no sales pitch (I HATE pitches) – just good, honest advice based on my experiences building Interspire (the parent company of BigCommerce) to what it is today with co-founder Eddie Machaalani and our awesome team.
The presentation I used in the video is also embedded at the bottom of this blog post.
Back in 1999 a few smart guys from IBM, Sun, the Linux Journal and the NPR got together and created a website called “The Cluetrain Manifesto”. The website went on to become a best-selling book which included ideas around how self-forming markets will change the ways companies do business and communicate with their customers.
Here’s part of a review for the book from Amazon:
“I don’t much care for business books. But this one blows away the category. Business is, after all, not about dollars. It is about people. Dollars are simply a way to keep score. And what could be more human than conversations? The notion that markets are really conversations is so old it’s new. The Cluetrain Manifesto shows how we humans lost our way accepting the command and control structure and format of modern business. We have been engaged in a one-way conversation, with companies doing all the talking, while most folks tuned out the message.”
So, 11 years after the book was first published, have we indeed moved to a more market-driven approach to running and growing businesses? Have social tools enabled previously “trapped” employees to share their voices?
Below I’ve published the 95 theses from the website. The wording is “so 1999″ but the ideas are what count. How many of these theses wouldn’t have come true if Facebook or Twitter didn’t exist?
Markets are conversations.
Markets consist of human beings, not demographic sectors.
Conversations among human beings sound human. They are conducted in a human voice.
Whether delivering information, opinions, perspectives, dissenting arguments or humorous asides, the human voice is typically open, natural, uncontrived.
People recognize each other as such from the sound of this voice.
The Internet is enabling conversations among human beings that were simply not possible in the era of mass media.
Hyperlinks subvert hierarchy.
In both internetworked markets and among intranetworked employees, people are speaking to each other in a powerful new way.
These networked conversations are enabling powerful new forms of social organization and knowledge exchange to emerge.
As a result, markets are getting smarter, more informed, more organized. Participation in a networked market changes people fundamentally.
People in networked markets have figured out that they get far better information and support from one another than from vendors. So much for corporate rhetoric about adding value to commoditized products.
There are no secrets. The networked market knows more than companies do about their own products. And whether the news is good or bad, they tell everyone.
What’s happening to markets is also happening among employees. A metaphysical construct called “The Company” is the only thing standing between the two.
Corporations do not speak in the same voice as these new networked conversations. To their intended online audiences, companies sound hollow, flat, literally inhuman.
In just a few more years, the current homogenized “voice” of business—the sound of mission statements and brochures—will seem as contrived and artificial as the language of the 18th century French court.
Already, companies that speak in the language of the pitch, the dog-and-pony show, are no longer speaking to anyone.
Companies that assume online markets are the same markets that used to watch their ads on television are kidding themselves.
Companies that don’t realize their markets are now networked person-to-person, getting smarter as a result and deeply joined in conversation are missing their best opportunity.
Companies can now communicate with their markets directly. If they blow it, it could be their last chance.
Companies need to realize their markets are often laughing. At them.
Companies need to lighten up and take themselves less seriously. They need to get a sense of humor.
Getting a sense of humor does not mean putting some jokes on the corporate web site. Rather, it requires big values, a little humility, straight talk, and a genuine point of view.
Companies attempting to “position” themselves need to take a position. Optimally, it should relate to something their market actually cares about.
Bombastic boasts—”We are positioned to become the preeminent provider of XYZ”—do not constitute a position.
Companies need to come down from their Ivory Towers and talk to the people with whom they hope to create relationships.
Public Relations does not relate to the public. Companies are deeply afraid of their markets.
By speaking in language that is distant, uninviting, arrogant, they build walls to keep markets at bay.
Most marketing programs are based on the fear that the market might see what’s really going on inside the company.
Elvis said it best: “We can’t go on together with suspicious minds.”
Brand loyalty is the corporate version of going steady, but the breakup is inevitable—and coming fast. Because they are networked, smart markets are able to renegotiate relationships with blinding speed.
Networked markets can change suppliers overnight. Networked knowledge workers can change employers over lunch. Your own “downsizing initiatives” taught us to ask the question: “Loyalty? What’s that?”
Smart markets will find suppliers who speak their own language.
Learning to speak with a human voice is not a parlor trick. It can’t be “picked up” at some tony conference.
To speak with a human voice, companies must share the concerns of their communities.
But first, they must belong to a community.
Companies must ask themselves where their corporate cultures end.
If their cultures end before the community begins, they will have no market.
Human communities are based on discourse—on human speech about human concerns.
The community of discourse is the market.
Companies that do not belong to a community of discourse will die.
Companies make a religion of security, but this is largely a red herring. Most are protecting less against competitors than against their own market and workforce.
As with networked markets, people are also talking to each other directly inside the company—and not just about rules and regulations, boardroom directives, bottom lines.
Such conversations are taking place today on corporate intranets. But only when the conditions are right.
Companies typically install intranets top-down to distribute HR policies and other corporate information that workers are doing their best to ignore.
Intranets naturally tend to route around boredom. The best are built bottom-up by engaged individuals cooperating to construct something far more valuable: an intranetworked corporate conversation.
A healthy intranet organizes workers in many meanings of the word. Its effect is more radical than the agenda of any union.
While this scares companies witless, they also depend heavily on open intranets to generate and share critical knowledge. They need to resist the urge to “improve” or control these networked conversations.
When corporate intranets are not constrained by fear and legalistic rules, the type of conversation they encourage sounds remarkably like the conversation of the networked marketplace.
Org charts worked in an older economy where plans could be fully understood from atop steep management pyramids and detailed work orders could be handed down from on high.
Today, the org chart is hyperlinked, not hierarchical. Respect for hands-on knowledge wins over respect for abstract authority.
Command-and-control management styles both derive from and reinforce bureaucracy, power tripping and an overall culture of paranoia.
Paranoia kills conversation. That’s its point. But lack of open conversation kills companies.
There are two conversations going on. One inside the company. One with the market.
In most cases, neither conversation is going very well. Almost invariably, the cause of failure can be traced to obsolete notions of command and control.
As policy, these notions are poisonous. As tools, they are broken. Command and control are met with hostility by intranetworked knowledge workers and generate distrust in internetworked markets.
These two conversations want to talk to each other. They are speaking the same language. They recognize each other’s voices.
Smart companies will get out of the way and help the inevitable to happen sooner.
If willingness to get out of the way is taken as a measure of IQ, then very few companies have yet wised up.
However subliminally at the moment, millions of people now online perceive companies as little more than quaint legal fictions that are actively preventing these conversations from intersecting.
This is suicidal. Markets want to talk to companies.
Sadly, the part of the company a networked market wants to talk to is usually hidden behind a smokescreen of hucksterism, of language that rings false—and often is.
Markets do not want to talk to flacks and hucksters. They want to participate in the conversations going on behind the corporate firewall.
De-cloaking, getting personal: We are those markets. We want to talk to you.
We want access to your corporate information, to your plans and strategies, your best thinking, your genuine knowledge. We will not settle for the 4-color brochure, for web sites chock-a-block with eye candy but lacking any substance.
We’re also the workers who make your companies go. We want to talk to customers directly in our own voices, not in platitudes written into a script.
As markets, as workers, both of us are sick to death of getting our information by remote control. Why do we need faceless annual reports and third-hand market research studies to introduce us to each other?
As markets, as workers, we wonder why you’re not listening. You seem to be speaking a different language.
The inflated self-important jargon you sling around—in the press, at your conferences—what’s that got to do with us?
Maybe you’re impressing your investors. Maybe you’re impressing Wall Street. You’re not impressing us.
If you don’t impress us, your investors are going to take a bath. Don’t they understand this? If they did, they wouldn’t let you talk that way.
Your tired notions of “the market” make our eyes glaze over. We don’t recognize ourselves in your projections—perhaps because we know we’re already elsewhere.
We like this new marketplace much better. In fact, we are creating it.
You’re invited, but it’s our world. Take your shoes off at the door. If you want to barter with us, get down off that camel!
If you want us to talk to you, tell us something. Make it something interesting for a change.
We’ve got some ideas for you too: some new tools we need, some better service. Stuff we’d be willing to pay for. Got a minute?
You’re too busy “doing business” to answer our email? Oh gosh, sorry, gee, we’ll come back later. Maybe.
You want us to pay? We want you to pay attention.
We want you to drop your trip, come out of your neurotic self-involvement, join the party.
Don’t worry, you can still make money. That is, as long as it’s not the only thing on your mind.
Have you noticed that, in itself, money is kind of one-dimensional and boring? What else can we talk about?
Your product broke. Why? We’d like to ask the guy who made it. Your corporate strategy makes no sense. We’d like to have a chat with your CEO. What do you mean she’s not in?
We want you to take 50 million of us as seriously as you take one reporter from The Wall Street Journal.
We know some people from your company. They’re pretty cool online. Do you have any more like that you’re hiding? Can they come out and play?
When we have questions we turn to each other for answers. If you didn’t have such a tight rein on “your people” maybe they’d be among the people we’d turn to.
When we’re not busy being your “target market,” many of us are your people. We’d rather be talking to friends online than watching the clock. That would get your name around better than your entire million dollar web site. But you tell us speaking to the market is Marketing’s job.
We’d like it if you got what’s going on here. That’d be real nice. But it would be a big mistake to think we’re holding our breath.
We have better things to do than worry about whether you’ll change in time to get our business. Business is only a part of our lives. It seems to be all of yours. Think about it: who needs whom?
We have real power and we know it. If you don’t quite see the light, some other outfit will come along that’s more attentive, more interesting, more fun to play with.
Even at its worst, our newfound conversation is more interesting than most trade shows, more entertaining than any TV sitcom, and certainly more true-to-life than the corporate web sites we’ve been seeing.
Our allegiance is to ourselves—our friends, our new allies and acquaintances, even our sparring partners. Companies that have no part in this world, also have no future.
Companies are spending billions of dollars on Y2K. Why can’t they hear this market timebomb ticking? The stakes are even higher.
We’re both inside companies and outside them. The boundaries that separate our conversations look like the Berlin Wall today, but they’re really just an annoyance. We know they’re coming down. We’re going to work from both sides to take them down.
To traditional corporations, networked conversations may appear confused, may sound confusing. But we are organizing faster than they are. We have better tools, more new ideas, no rules to slow us down.
We are waking up and linking to each other. We are watching. But we are not waiting.
When it comes to marketing we always lean towards direct response over branding campaigns.
That is, when we engage in a marketing campaign we expect a particular, measurable outcome. Whether that’s new customers, number of visits to our website or fans on Facebook. Our latest marketing campaign is no exception.
We’re using Wyatt and Napoleon (pictured right – both fictional, of course) to help promote our $35,000 ecommerce makeover contest all around the Internet. If you’re slightly geeky (aren’t we all?) then you’ll probably see them popping up all over the place on the websites you visit. We’re using a powerful concept called retargeting to implement this through Google AdSense, but I’ll keep that our little secret for now.
When I think about memorable marketing campaigns they always have at least one of two elements: sex or humor. It bores me to tears when I see run-of-the-mill branding ads from companies like Ford, Budweiser and Kraft. You have such a HUGE marketing budget, why not try something different?
On the other hand, I’m sure you can recite Apple’s ads that paint Microsoft as an overweight geek. Their ads are memorable, funny and viral – you want to ask your friends if they’ve seen the ad because you actually see the ad as contet that you want to share as opposed to a carefully scripted 30 second spot put together by a Madison Avenue ad agency (which it, like all other TV ads, is).
I think that banner blindness (i.e. how we all subconsciously ignore advertising) is caused largely in part because the ads we’re exposed to just aren’t that interesting. After all, I already have a car so does Ford really think that bombarding me with endless banners and TV ads will get me to buy another one? Hardly.
When it came to designing the visuals for our marketing campaign, I wanted something totally left of the middle. Would you really expect an ecommerce company to use a fabio-esque looking model alongside a geek posing as a trekkie to sell you on a contest? Hopefully not.
I wanted our ads to make you laugh a bit too, or at least do a double take – “did I just see what I thought I did? Let me look at that ad again”. To me, all great advertising and marketing needs to get your attention first, and then get you to take action.
Compare this to “branding campaigns” which to me is just corporate speak for not having the systems in place to track the effectiveness of your campaign.
Great marketers track everything they do and measure it against return on investment (ROI). If it works, they scale it. If not, they try something else.
In this video I explain why setting up a Facebook fan page for your business is so important. I show you the steps involved and discuss how Facebook’s viral effect can attract thousands of people to your business for no cost at all.
In my opinion, if you combine our SocialShop Facebook application with your BigCommerce store and the tips in today’s video then I think within 6 months you can build up a following of a few thousand loyal and die hard customers on Facebook who will go out of their way to recommend your products to friends and also buy whatever you offer them.
As you might know, we’ve been trialing GetSatisfaction on our community site for a few months now (I actually signed up for it when I was having breakfast in the lobby of the Renaissance Hotel in Austin the last time I was over there visiting our amazing team of Austinites) and things have been going quite well.
A cool case study on how GetSatisfaction has allowed us to scale up and support nearly 4,000 BigCommerce customers (along with ticket and phone support, of course) has also been published on the GetSatisfaction web site along with those from Zappos and Microsoft, so I think it’s fair to say they’re happy to have us on board as a customer.
A few months back we were involved in beta testing GetSatisfaction’s now-released Facebook application which brings all of the community functionality from GetSatisfaction into your Facebook fan page. Long story short it means people can interact with you on both a social and business level right from Facebook.
The beta version we tested was quite impressive and I’m happy to tell you that as of today you can now interact with our community and get support right from our BigCommerce fan page on Facebook, which is closing in on 1,000 fans (or is that 1,000 “likes” now?):
There’s been a lot of media attention around BigCommerce SocialShop as well as Facebook itself becoming the biggest platform in the world, and judging by Facebook’s monsterous growth I really feel it makes sense to “mix business with pleasure” (assuming you have the right privacy controls in place).
I’d like to hear your feedback about the new support tab on our Facebook fan page. Do you think Facebook and “work” activities should be kept separate? Do you dig it? Is it clunky? Has it made your life as a BigCommerce merchant easier?
In this video I’ll show you how you can use two free tools to see how much traffic your competitors get, which keywords they rank for on Google and also the age, income, location, etc of their visitors. You can then use this information in your SEO, SEM and marketing campaigns.
Competitive intelligence is such a huge part of growing your business, and there are some people who will tell you to ignore what your competitors are doing, but I disagree with that. Looking at your competitors, particularly the well established ones, will show you areas in which you can have quick wins, but more importantly it will also show you where your competitors mis-stepped in the past so you can avoid those mistakes and also where they had big wins so you can replicate them.
For example, if you use Compete.com to track a competitor’s website traffic and you notice a massive spike in visits in September 2009 for example, then you can jump on Google News and do some detective work to try and figure out what they did to get that increase in traffic. Was it a press release? A partnership? A new marketing campaign?
You’ll be AMAZED at what you can learn with a bit of digging around…
Howdy! Things have been extremely busy for us the last few weeks with BigCommerce 6 progressing nicely. It’s looking to be an absolutely amazing release and I’ve just posted a progress report on our community if you’d like to read it. I hope you’re as excited as we are about the big “6-0″.
It also appears that we’re not the only ones excited about BigCommerce 6 and also SocialShop which has garnered a huge amount of attention since it was launched as part of BigCommerce 5.6.
What seems like an almost insatiable interest in BigCommerce by the media has kept me busy with interview after interview over the last few weeks. Who knew that by simply listening to your customers and building the features they need, you could get the attention of TechCrunch, Forbes, PracticalEcommerce and others?
Anyway, today I just wanted to share some recent media coverage about BigCommerce with you. You can see all of our media coverage on our “In the News” page but here are a few of the most popular posts from March and April (so far) 2010:
I hope you enjoy reading the articles. If you’d like more regular BigCommercey goodness and you’re not currently our fan on Facebook, why not take a few seconds to fan us? Our team post all sorts of cool stuff on our Facebook fan page, like:
Screenshots and design mock ups of new features we’re working on
Real-time progress updates on new releases
Links to articles and blog posts (both ours and others) which can help you grow your business
Answers to your questions about marketing, ecommerce and BigCommerce
Other stuff which just makes Facebook more darn interesting
If you’re more of a YouTube person then take a look at our YouTube guru channel which has dozens of educational videos and is about to hit 500,000 views and 6,000 subscribers (hooray!). There’s lot of (what I think are) really cool videos that I’ve recorded. In the videos I show you how to:
Market your ecommerce business on a shoestring budget (using the same strategies we have)
Differentiate your business from your competitors so you can win more customers
Implement amazing customer service to increase repeat sales
Rank at the top of Google with easy SEO strategies
Other strategies you need to grow your business without breaking the bank
Sorry for the shameless Facebook and YouTube plugs but I wouldn’t recommend them if I didn’t think they’d help you grow your business faster so you can spend more time relaxing and less time working. We’ve learned a lot of stuff over the last few years and I feel it’s only right to share what we know with you so you can grow your business too, and that’s what we do on Facebook and YouTube.
Anyway, thanks for reading and I’ll speak with you again soon!
At the link above Kevin Kelly discusses the 1,000 true fans concept in the context of a musician trying to make it. In the video above I take the same concept and apply it to business. What would happen if you built up 1,000 true fans using social media tools (particularly Facebook fan pages)? Would your business growth skyrocket (yes)? Would those 1,000 true fans attract another 2,000, 5,000 or 10,000 fans (yes)? Would you have your own community with which you could share content and sell your products to (yes)?
Watch the video to understand the concept, which can be applied to any and all businesses, regardless of whether you’re in ecommerce or not. Having 1,000 true fans should be the goal of any new business, because they will help grow your revenues faster than any marketing ever could. If you’re just started and you have a small (or non existent) marketing budget then you need to implement the 1,000 true fans concept right now.
There are thousands of excellent videos online that can teach you everything you need to take your business to the next level. But it takes hours of filtering, searching and previewing to find them. Who has the time?
In this post I’ve included 7 videos (our of the 400+ I have bookmarked) that I think really summarize the ideas and strategies you need to build a business online using the tools available today. That means killer customer service. Twitter. Facebook. Google AdWords. Word of mouth marketing. Trust.
Under each video is the speaker’s name along with their Twitter account in brackets so you can follow them if you’d like to. There’s about two and a half hours of video goodness below, so if you can’t watch them all now, make sure you boookmark this page and watch them all when you can. I’d even recommend re-watching most of them so their messages really hit home.
Tony Hsueh (@zappos) – A talk on fostering a culture of extraordinary customer service (part 1)
Tony Hsueh (@zappos) – A talk on fostering a culture of extraordinary customer service (part 2)
Gary Vaynerchuk (@garyvee) – An intimate talk about social media with Yahoo Employees
Gary Vaynerchuk (@garyvee) – A talk about social media at the Affiliate Summit in Vegas
David Heinemeier Hansson (@dhh) – A (hilarious) talk on creating a successful startup
Seth Godin (@thisissethsblog) – A talk on influencing the masses
Earlier this week we released BigCommerce 5.6 and the most popular feature is SocialShop, our new (free) Facebook application which lets you get your products in front of Facebook’s 400 million active users by adding a “Shop” tab to your fan page. Here’s a quick video I put together if you haven’t see it yet:
We’re big believers that Facebook has become the first true social platform, and we’re doing everything we can to help you take advantage of that – both to attract new customers to your BigCommerce store and also to build relationships with your existing customers.
In this post I’ll demonstrate how you can use Google Analytics to track visitors and sales from Facebook, and more specifically from your BigCommerce SocialShop.
The first thing you’ll want to do is signup for a free Google Analytics account, which you can do here. Google Analytics is a simple service that allows you to track visitors to your website. You can also setup goals to track certain actions on your website such as newsletter signups, orders, etc, but I’ll save that for another post.
The process of signing up for Google Analytics is very straight forward but if you’d like step-by-step videos then take a look at the Google Analytics YouTube channel here.
After setting up your Google Analytics account you’ll be given some tracking code to add to your website. To add the tracking code to your BigCommerce store, login and click the Settings -> Analytics Settings menu. You’ll see this screen:
Tick the “Google Analytics” option and hit save. You’ll see a new tab next to the “General Settings” tab. Click on it and paste your Google Analytics tracking code into the text box then hit save:
Google Analytics tracking is now integrated into your BigCommerce store. All traffic to your website will now be tracked and can be viewed and filtered through Google Analytics.
Please note: If you want to track the dollar value of orders (highly recommended), then make sure you turn on ecommerce tracking in Google Analytics. BigCommerce will then automatically pass order data back so it can be tracked.
That’s all it takes to setting up Google Analytics tracking. To see traffic and orders from Facebook, login to Google Analytics, click “View Report” next to your website and then click “Traffic Sources” on the left:
Under “Top Traffic Sources” click the “view full report” link and type “facebook” into the search box at the bottom of the screen and click go:
You’ll now be able to see the number of visitors who arrived at your store from Facebook. You can filter traffic by all sorts of metrics, but again, I’ll save that for another post.
To track orders, click the ecommerce tab on the left menu and again, type “facebook” into the search box under the “Top Revenue Sources” section. If you find you’re attracting a significant portion of new customers from Facebook, you might want to think about experimenting with Facebook Ads to drive traffic to your BigCommerce SocialShop on Facebook. Here’s a great article about Facebook Ads if you want to learn more.
The BigCommerce blog is written by Mitchell Harper, co-founder of BigCommerce and e-commerce expert, having sold both physical and digital goods online to over 50,000 customers since 2001.
The blog includes proven tips, tricks and strategies to help you sell more online, or if you're getting started you'll learn how to launch your very own online store from scratch.