What motivates popularity, shareability and is it actually worth it?
Big data
Anna Salter from Kantar Media provided the data, neatly summed up in a handy acronym that defines the perfect storm of viral marketing: REACH – Relevance; Emotion; Ambience; Currency; Handiness.
If you tick these 5 boxes, then you’re in with a chance of a hit.
He found that the least successful people in business tend to be ‘givers’, as you may suppose. However, Grant also discovered that the most successful people also tend to givers – possibly far more surprising.
The book uncovers lots of great research that often flies in the face of our conventional thinking.
Expectations
One that particularly struck me was the thinking and expectations behind asking for help.
Research shows that at work, the vast majority of giving that occurs between people is in response to direct requests for help. In one study, managers described times when they gave and received help. Of all the giving exchanges that occurred, roughly 90% were initiated by the recipient asking for help. Yet when we have a need, we’re often reluctant to ask for help. Much of the time, we’re embarrassed: we don’t want to look incompetent or needy, and we don’t want to burden others.
CC image courtesy of purplejavatroll on FlickrMoney may – as Liza Minnelli once sang – make the world go round, but for many of us moral issues are more important – like trust, for instance.
It may be unfashionable to praise a bank in 2014, but it appears that Natwest deserves a round of applause.
This sort of policy is music to my ears, but really it should be standard for all brands, rather than a unique selling point.
The fact that it isn’t standard speaks volumes. In Natwest’s case, it’s possibly a result of losing customers to other banks, lured by an eye-catching cashback offer if they switch (known as ‘churn’ in the trade).