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First things first, love your blog, site, & podcasts!
A bad product will not last very long any more. This social revolution is quickly weeding out those "bad" products and/or services.
Small business owners need to quickly tune into how social media operates on the web, they may not need to become social media expert, but at least at a bare minimum do some brand management.
User reviews and ratings are so accessible for anyone to contribute online and they can quickly kill your business if you are not on top of your feedback.
I see these ratings and reviews as a blessing in the sky, they can help all businesses improve.
John,
What might make a good post is how to handle poor reviews and ratings online...? If your company gets them.
But I was fascinated by this same question and followed the early winners including Microsoft, Lotus 1-2-3, and Quarterdeck; plus early losers too, software nobody's ever heard of anymore, but was in many cases technically better (IMO) than the winners.
I concluded that if you were to choose between a mediocre product with great marketing, or a great product with mediocre marketing, the one with the great marketing would be more likely to win. That's always made me sad because I'm a software person, I'd like to see the best product win. And at least in that particular microcosm, back then, the best marketing was much more likely.
A few years later I was sharing a podium in an event, early 1990s, with somebody who had a business case to show that in light beers, the better marketing crushed the better product. That seemed like the same thing again.
These are just two cases, one I knew intimately and one I got second hand, but I don't like the conclusion of either.
I'm really glad you brought this up!
Tim
In general, we expect a quality product, we talk about a great experience.
Thanks for stirring up my thoughts on Super Bowl Sunday!
Keep creating...a brand worth raving about,
Mike
Online reviews ans social media have added a desperately needed marketing dimension. IMHO, not enough to overcome the herd effect.
Wal-Mart and Bernie Madoff are examples of what good marketing can do for inferior or even non-existent products and services.
Although I am a dedicated IBM clone user, Windows was not better than Apple, but won because of a better marketing. IBM said, "sure, clone our machines and pay the royalty" and Steve Jobs went the opposite direction to maintain complete control. Microsoft licensed their OS to everyone and made the partners in wealth. Steve Jobs went the opposite direction. Even now that Apple is running on Intel chips, they maintain their exclusivity, which I find befuddling.
Too often, good products go the way of the Dodo.
That being said, however, in this day-and-age no one can afford to shirk on the quality of the product they provide.. people will find out, word will spread and your business will fail