Back when I was in college studying marketing, they showed us the marketing funnel. I’m not sure if they still teach this, but if you’ve studied You’ve probably seen it too. It’s basically a process where you start with a large number of prospects then proceed to a shorter number of qualified leads, then to customers, then to clients. This is the old way of doing things. In the past, marketers had no choice but to interrupt people and inform them about your company’s offerings… whether they were interested or not. The focus was on mass. Marketers needed to constantly fill that funnel with fresh prospects constantly. My how things have changed. Seth Godin discusses the shift away from mass (yet again) with his twelfth trend in Meatball Sundae, “the shift from how many to who”.

We’ve talked about it before, and we probably will again. Now is not the time to waste resources spamming people. Instead you should focus on exactly the people that are interested in what your company offers. Think of it like this. If the old approach to marketing was a hand grenade, then the new approach is like a phaser from Star Trek (or a laser for my readers that aren’t cool enough to watch Star Trek). It’s very focused on individuals not on random groups. These individuals, if targeted correctly will be your biggest fans and will go out and spread the word to others in the community. If you’ve segmented the market properly, finding these communities online should be a piece of cake.

Even if you have a product that appeals to a large group of people (say beer for example) it doesn’t mean you should spam random people. There are appropriate places for your message, and it’s your job as a marketer to find them. Maximize your resources (time and money) don’t waste them, marketing to an audience that doesn’t care or can’t afford you’re offerings.

The problem with a lot of online marketing is that many companies try to focus on using the new tools of the internet to focus on doing things the same old way. They look at things like Facebook, Twitter, YouTube, and online ads to interrupt masses of people and spam them with their message. It just doesn’t work that way, no matter how much you want it to. Especially online, it’s very easy to click away and ignore your message. In order for me or any other consumer out there to be interested in what you are offering, it must be relevant to what I’m looking for at that instant.

Anyways, you get the point. Focus on individuals not on mass. Only two more trends to discuss!

Notables quote from this section:

• “Let’s be really clear: the web is the single worst medium ever devised for interrupting people who don’t want to be interrupted.”
• “Marketers who are in sync with this new tool realize that it won’t let you do the old thing better, what it will let you do is find people to spread the word for you.”

You’ve created excellent content, successfully marketed your website, and created an involved and rewarding community, now it’s time to monetize. In his eleventh chapter, “Start monetizing”, Vaynerchuk details some of the ways in which you can begin making some money out of all of your hard work. Here we go…

Advertising

Advertisers are always looking for ways to effectively market their products, and you have been building an enthusiastic community around your specific subject. You’re practically doing them a favor! Most people immediately flock to Google AdSense, which displays targeted advertisements on your webpage, rss feed, etc). You can certainly make some money using this, but it really doesn’t pay very well, and it can make your website look cheap. I think we can all agree that making your website look like a NASCAR driver is probably not in the best interest of your online community, so moving on…

One of the methods Vaynerchuk suggests is placing classy banner ads on your site. See this link for an example of how to do this. You can also try cold calling companies to see if they are interested in buying adspace on your website. Sounds ridiculous? It’s not. Go to www.google.com and search for your subject. See which advertisers are using Google AdSense for ads to be posted on these websites, and take note. Call these guys up, and see if they will spend money with you. Think about it, they’re already paying for Google AdSense, so they believe in advertising online. By sponsoring your page directly they will not get lost in the clutter like they would with AdSense, and you won’t look like a NASCAR driver.

One note about advertising, you should only advertise companies and products that you yourself endorse. Don’t put something on your site that you don’t believe in.

Speaking engagements

Come up with an interesting topic, then call a show or conference organizer and offer to give a free talk about your topic. This will give you a chance to discuss something you love, build some credibility, and to do so in front of an interested audience. This could eventually lead to money: You could be paid next time you offer to speak, or even better, your discussion could lead to new clients or opportunities.

Affiliate programs

Affiliate programs allow you to get a commission on products sold through links on your website. For example, if you are interested in purchasing the book I’m discussing, click this link… Crush It!: Why NOW Is the Time to Cash In on Your Passion and I’ll get a small cut. Cool, huh? One way to go about doing this is to simply do a google search for affiliate programs; there are tons of them out there. Vaynerchuk suggests Commission Junction and Amazon. Also, don’t overlook local businesses, there could be some good money and opportunities for you there as well.

As with advertising, remember that all of the products that you link to should be relevant to your subject / topics, and should be something that you yourself endorse.

Retail:

Vaynerchuk suggests that you can create a product or a service that is related to your business. One site that I’ve seen do this effectively is Open Source Marketer, which is also an excellent resource for you evil marketers out there. You could also design T-shirts promoting your site. If your community is big enough this could be profitable in the short term, and more importantly it can help promote your website to the masses.

Articles

You are an expert in your chosen subject, right? You can contribute articles to online and print magazines, and even other blogs. You’ll see some of my posts re-posted on vcplan - The Path to Success (you may even be reading the re-post) which is an excellent resource for entrepreneurs looking for venture capital investment. I don’t get paid for this, but that doesn’t mean that you can’t. At the worst, at least you are getting your name out there in your community.

Seminars

If your subject lends itself to how-to type of stuff, then put together an event, conference, webinar, etc.

Books and TV

Your blog and community building efforts could lead to book or television deals. Hey, it worked for Vaynerchuk. I wouldn’t be reading his book if it didn’t.

Consulting

As my boys at Marvel Comics say, ‘Nuff said.

Notable quotes from this chapter:

• “Be patient.” In time, if you continue to hustle, you’ll grow your presence and improve your skills to the point where the fish - really, really big fish - will be jumping straight into your hands.”
• “Anything is better than zero.”

If you know of any other opportunities, or have any other links, post in the comments, or email me at edwardviator@evil-marketer.com