By Kim Vandenbroucke,
Inventor, Innovator and Blogger,
Brainy chick, Inc. and The Game Aisle
On the shelf behind my desk I have all sorts of books on the toy and game world; some are books are about the history of the business, others highlight blockbuster products and some give advice on how to navigate the industry. While digging through one of these books I saw a discussion on how to negotiate an “advertising commitment” within a license agreement. Written in the mid-nineties, it’s amazing how the focus on “media purchases” felt so dated.
We all know that how we consume media, as well as what kind of media we consume, has been changing at a rapid pace over the last two decades. First the Internet became a household source of information and communication, then smart phones allowed us to access our email and the internet from almost anywhere. iPhone and Android phones made Apps that can “push” information to us without any effort on our part. The media, the method and the overall experience has changed greatly. We no longer are targeted by print advertisements, TV commercials and radio ads alone but by newer, alternative forms of media and advertising.
Does this shift impact us as professional inventors? Absolutely, and in probably more ways than we realize. Not only do we need to consider this change when we decide what kind of products we’re making, how they’ll be marketed, how we write the advertising commitment portion of our contracts, but also how we do business. We’ve all been inundated with the importance of brands for years and not only are your products each a brand or part of a brand, but you and/or your company are a brand.
Years ago I got my start at an invention firm that wanted to remain under the radar and for many, that kind of thinking has been the norm in this industry. But consumers today are looking to know more about the products they purchase. Behind everything we invent and license there’s a story – a story consumers are looking to learn and share. Imagine you are standing in a store deciding between two White Paper 2012 products, box A and box B, and you know that box A was invented by someone who went to the same college as you or you follow them on Twitter but you know nothing about the product in box B. Which one are you more likely to buy?
As much as price, packaging and product play into the equation so does “the story.” Studies have shown over and over that people buy things that they can tell others about. The story gives the product life and makes it something we want to share with others. The question is, with this bevy of new media channels are you still solely relying on the company you’ve penned a license agreement with to stand up and tell your item’s story and promote it? How well are they doing it and what happens if they mention that it came from you? What kind of information do you have out there that people may see? And I’m not talking just about pictures from drunken holiday parties, but are you sharing that product’s story too? Are you sharing your story?
Today, having an “internet presence” means more than just a website.
Social media is the new norm. We can connect with others in ways we’ve never been able to in the past. In 2011 Neilson did a study that found that 25% of the time Americans spend online was visiting blogs and social networks and 4 out of 5 active Internet users visit social networks regularly and those numbers were only going up. We’re a social society and networks created through social media can open doors and provide opportunities. By casting a wide net and connecting to people you just met and ones you’ve only interacted with via the internet broadens your voice as well as provides a path for opportunities to find you. Social media is a low-cost, potentially high reward, way for professional inventors to promote their products, themselves and their business.
When I talk about “Social Media” I get a lot of groans. Some people have no idea where to start whereas others don’t want to get involved because it’s time consuming. Yes, it’s amazing how the Internet can be such a great productivity tool as well as one of the biggest time sucks, but it can also generate opportunities and furnish spaces to publicize yourself, your company and your products. The key is to know what you’re doing and have a game plan.
Social media isn’t hard; it’s really all about being social.
Twitter, Facebook, Pinterest, LinkedIn, etc. are about sharing and starting a dialogue. It’s engaging in a conversation about a topic you’d like to talk about with people you may or may not know. That’s not that hard. The key is to find out how to start the conversation in a way that encourages others to respond. There are far too many who use social media spaces to stand on a soapbox and broadcast their message and that doesn’t work. Unlike traditional media forms such as television commercials and magazine advertisements, social media gives the audience a chance to respond and engage the brand, company or person and this has the opportunity to create meaningful relationships. Obviously, I don’t mean you’re going to go out and grab a coffee or beer with these people, but they may pay more attention to what you say in the future, be willing to engage with you or pass your message along.
Social Media isn’t just Facebook and Twitter, but they’re a great place to start.
Where to start is up to you but the largest social media site is Facebook and most would say it’s a must-have in any social media program. As of October 4th, 2012 there were over 1 billion people actively using their Facebook accounts each month. Most of us already have our own Facebook account, but our reach is limited to the people we’re friends with and maybe some of their friends (unless your profile is public and that can be risky). Alternatively, you can create a Facebook Page that users can “Like.” This can be for you, your business, a particular product or brand – it’s up to you, although there’s a tad bit of arrogance creating a page for yourself unless you’re really famous.
Posting on your Facebook Page is pretty much the same as posting on your personal Facebook account only you must remember that anyone can see it. So share your personality, just don’t share your personal life. Photos, questions, fun tidbits are all great ways to engage your followers and you can use the built-in analytics to see which of your posts get the most positive feedback and learn from it. Facebook also allows you to pay to promote your page or an individual post so it’s easy to get an important message across without spending much money.
Looking beyond Facebook, there are many other social media sites that use different ways of connecting. Twitter users are limited 140 character “tweets” and despite the seemingly-limited micro-blogging concept there are over 140 million active users. Twitter allows anyone to follow you and connect with you (unless you lock your account) and you can follow a huge variety of people, s