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Viewing posts categorised under: Business
BIGfish's Coworking Space Suggestions

Boston Coworking Spaces: Find the Best Place to Jumpstart Your Startup

by Anna Dow

boston business technology

We work with a lot of startups at BIGfish, so we understand the benefits of coworking spaces. Startups often can’t afford their own office space, but still need somewhere to work, and can benefit from with the support of a community and morale that typically comes from working closely with others. Starting your own business is far from easy, and we believe that coworking spaces can pave the way towards a company’s big break. They allow members to easily meet, collaborate and network - essential tools for any business. These awesome, local startup communities just might be the solution to take your company to the next level and increase your chances of success.  

BIGfish Fun

The Perks of Working at a Small Company (as told by someone who does)

by Adriana Howell

business our team

When looking at the adult playground that is Google’s office, it can be hard to see the benefits in working for a small company where you don’t have sleeping pods and massage rooms at your disposal. But there’s a lot to be said for working in a small office.  

US Airways

US Airways Learns a Lesson in Social Media Monitoring

by BIGfish

business marketing public relations public relations, social media seo social media successes technology twitter

With the advent of social media came the idea that companies could interact with more customers on a personal level. Though social media can be used as a promotional or advertising tool, its critical functions are to connect with audiences and gauge sentiments. When companies neglect to monitor their social media, they run the risk of missing a critique of their service or product that may develop into a bigger conversation, and eventually a crisis. US Airways recently learned first-hand how customer reactions on social media can turn into crises.   

The Power of Thick Data

by BIGfish

business marketing

In recent years, there has been a lot of hype around “big” data in the marketing world. Big data is extremely helpful with gathering quantitative information about new trends, behaviors and preferences, so it’s no wonder companies invest a lot of time and money sifting through and analyzing massive sets of data. However, what big data fails to do is explain why we do what we do. “Thick” data fills the gap. Thick data is qualitative information that provides insights into the everyday emotional lives of consumers. It goes beyond big data to explain why consumers have certain preferences, the reasons they behave the way they do, why certain trends stick and so on. Companies gather this data by conducting primary and secondary research in the form of surveys, focus groups, interviews, questionnaires, videos and other various methods. Ultimately, to understand people’s actions and what drives them to your business (or not), you need to understand the humanistic context in which they pursue these actions. It’s crucial for successful companies to analyze the emotional way in which people use their products or services to develop a better understanding of their customers. By using thick data, companies can develop a positive relationship with their customers and it becomes easier for those companies to maintain happy customers and attract new ones. Big data will tell you that in 2013, Samsung was able to sell 35 million more smartphones than Apple. But what can these companies really do with this data? Pat themselves on the back or hang their heads in shame? If you are in the market for a smartphone, you’re not going to buy a Samsung because they sold 35 million more than Apple.  As a customer, you probably don’t even know this information. You may, however, buy a Samsung because they offer a multitude of models that you can customize to your preferences, and Apple’s product line is less diverse. Or perhaps you won’t buy an Apple smartphone because it’s not quite as durable, or they don’t have as wide a selection of phone colors as Samsung. Using thick data to figure out why more people are buying from Samsung is key for both companies to move forward and either keep dominating the market, or reinvent to gain dominance. At its core, business is about making bets on human behavior, and those bets backed by thick data are what business models should be based around. Take for example Lego, a successful company that was near collapse in the early 2000’s because they lost touch with their customers. After failed attempts to reposition the company with action figures and other concepts, Jørgen Vig Knudstorp, CEO of the Danish Lego firm, decided to engage in a major qualitative research project. Children in five major global cities were studied to help Lego better understand the emotional needs of children in relation to legos. After evaluating hours of video recordings of children playing with legos, a pattern emerged. Children were passionate about the “play experience” and the process of playing. Rather than the instant gratification of toys like action figures, children valued the experience of imagining and creating. The results were clear; Lego needed to go back to marketing its traditional building blocks and focus less on action figures and toys. Today, Lego is once again a successful company, and thick data proved to be its savior. While it’s impossible to read the minds of customers, thick data allows us to be closer than ever to predicting the quirks of human behavior. The problem with big data is that companies can get too caught up in numbers and charts and forget the humanistic reality of their customers’ lives. As this Wall Street Journal article puts it, “By outsourcing our thinking to Big Data, our ability to make sense of the world by careful observation begins to wither, just as you miss the feel and texture of a new city by navigating it only with the help of a GPS”. This is not to say big data is useless. It is a powerful and helpful tool companies should invest in. However, companies should also invest in gathering and analyzing thick data to uncover the deeper, more human meaning of big data. Together, thick data and big data give you an incredibly insightful advantage. -Jess Cook

BIGfish PR

When is it Time to Hire A Public Relations Firm?

by BIGfish

business facebook marketing public relations social media

Since public relations is one of the most misunderstood professions, it’s probably not a stretch to assume many companies don’t see the benefit of a PR/marketing firm or don’t know when it’s time to hire one. Below we’ve listed a few telltale signs that it’s time to invest in marketing.

You see your competitors in the news

If someone’s reading an article about one of your competitors, they’re probably interested in what you have to offer as well. Want to get in on that story? Hire a marketing firm. It’s our job as PR and marketing professionals to pitch your news to the right people and get you published. With a mention in an outlet like TIME, Fast Company or The Wall Street Journal, your brand is getting millions of impressions and therefore increasing overall awareness. Being published in a well-known news outlet also establishes your company as a leader in the industry and helps to build credibility.

You need help telling people what you do and/or you’re camera shy

If you want to be in the news, it’s important that you have your messaging nailed down. A PR firm can help you refine your company’s mission, vision and key messages. If you’re clear and concise when speaking about your company, listeners or readers are more likely to easily understand what you’re about. Camera shy? Most marketing firms offer media training, which is a great way to prepare for interviews and helps interviewees feel more comfortable and confident when speaking with the media.

You’re a startup

Don’t have the budget for an extensive advertising campaign? Bill Gates once said: “If I was down to my last dollar, I would spend it on public relations.” It’s especially important for a startup to define its messaging and properly introduce itself to the market. PR is a cost effective way of increasing brand awareness and establishing your company or CEO as thought leaders in the industry. Hiring a PR firm is like bringing on an experienced partner to help you navigate the media and introduce you to millions of customers.

You’re not invested in social media

If you’re neglecting your company’s social media platforms, you’re doing it wrong. Social media offers the unique opportunity to eavesdrop on and converse with consumers around the world. Social media is also the first place people go to complain about a brand, so you need to be there to immediately address any issues. Have a student posting updates for you occasionally? Doesn’t really cut it. Digital media marketing requires a strategic plan, an advertising budget, a content calendar, 24/7 monitoring and constant evaluation and analysis. By posting relevant content, acknowledging users and engaging with them, you can create a community that loves to share and engage with your brand and each other (like we have for our client Iceland Naturally). It’s not an easy or fast process but trust me, it’s worth it.

There are plenty of reasons to hire a PR firm and we’ve named just a few. What would you add to our list? When did you decide it was time to hire a marketing or PR firm? We’d love to hear from you - tweet us @BIGfishmarket!

-Brigid Gorham

 

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