All posts by aradavording

Using a ‘healthy dose of guilt’ to achieve your goals


Over the years many different types of social online communities have gained popularity. It has allowed for individuals with widely differing interests to connect and interact with others that share common interests. Think of CouchSurfing, Facebook, Reddit, and SoundCloud, among many, many others. For those that are rather goal-oriented and keen on connecting with others that share a similar mindset, Linkagoal is the optimal social network.

Linkagoal is a social online community based on the premise of sharing personal goals and connecting individuals based on related life goals and ambition. On this social network users can engage with other goal-driven users. Besides sharing your own goals with the community, you can connect with members who can assist you in achieving your goals, or with people that are currently trying to achieve a similar goal. Linkagoal’s underlying belief is that barriers such as the lack of resources, guidance, experience, accountability, and encouragement, are what keep humans from reaching their goals. Thus, why not build an online community to make it easier for people to overcome these obstacles and achieve their ultimate goals. (ACN Newswire, 2014)

The online community takes on a simple, yet unique approach to foster goal-attainment of their users. Firstly, new members can create a goal and explicitly state what it is that they want to accomplish. Secondly, individuals are encouraged to share a post with other community members regarding their past and present events. The third aspect is called Progress Update, which entails that users keep the community up to date on their progress towards their goal. Fourthly, users are encouraged to create milestones, in order to help them stay on track. Moreover, members are expected to motivate others in attaining their goals. Furthermore, users can build their own mini-community by linking their goals to other similar goals. In addition, individuals can contribute to the attainment of other members’ goals by offering their knowledge and experience. Lastly, the social network offers a private messaging, so members can stay connected with their friends. (Linkagoal, 2017)

Despite their good intensions, Linkagoal has received quite some backlash for their claim that a ‘healthy dose of guilt’ provides ‘just the right amount of pressure’ to keep users on track. However, mental-health experts have condemned this approach, as they believe it could have detrimental effects on individuals. Furthermore, Linkagoal partnered with YouGov to explore drivers of motivation, especially regarding annual goals. They found that nearly 62 percent of social-media users feel a higher level of pressure to stay on track when others can see their progress. It is exactly this belief that experts find disturbing. Rather than ‘avoiding the negative, i.e. the threat of others knowing you have failed’, they believe Linkagoal should ‘encourage and reinforce the positive’. (Mail Online, 2016)

Nevertheless, the social network has a strong community base of over 2 million members, which is expected to grow even further. Therefore, the social network is primarily focusing on monetization, with the rollout of mentorship services, rewards, and goal campaign features in the near future (The Silicon Review, 2016). Furthermore, Linkagoal is available as an app on both Google Play and the App Store.

Who knows, maybe Linkagoal will one day join the ranks of Facebook or Twitter, only time will tell.

References

ACN Newswire. (2014). Linkagoal Secures $1.25M in Series A Funding. [online] Available at: http://www.acnnewswire.com/press-release/english/16486/linkagoal-secures-$1.25m-in-series-a-funding [Accessed 10 Mar. 2017].

Linkagoal. (2017). Linkagoal | Share Your Life Goals. [online] Available at: https://www.linkagoal.com/ [Accessed 10 Mar. 2017].

Mail Online. (2016). Experts hit out at ‘guilt and shame’ goal share websites. [online] Available at: http://www.dailymail.co.uk/health/article-3602375/Experts-hit-guilt-shame-goal-share-websites-Networking-sites-slammed-detrimental-mental-health-effects.html [Accessed 10 Mar. 2017].

The Silicon Review. (2016). The Goal Based Social Network: Linkagoal, Inc.. [online] Available at: http://thesiliconreview.com/magazines/the-goal-based-social-network-linkagoal-inc/ [Accessed 10 Mar. 2017].

How communication channels impact word of mouth


Word of mouth has become an important aspect of marketing. More specifically, word of mouth marketing is the most trusted form of marketing among consumers. According to Nielsen – a leading global provider of information and insights into what consumers watch and buy, 92 percent of consumers trust word of mouth and recommendations from friends and family above all other advertising forms (Nielsen.com, 2012). Moreover, there are different channels through which word of mouth can be communicated. Examples of communication channels include social media, e-mail, face to face, or instant messaging, to name a few. Berger and Iyengar (2013) aimed to study the effects of how the communication medium can shape the message of word of mouth.

The main aim of their study was to uncover whether self-enhancement motives (i.e. wanting to seem cool or smart) and synchronicity (i.e. level of delay between the statement and response) of the communication channel impacts the brand or product being discussed. Furthermore, the authors distinguished the communication channels according to their modality (i.e. spoken or written). After conducting five related studies – three experiments and two field studies, the authors found that modality in fact influences what is discussed. Writing rather than oral communication leads to more interesting products and brands being mentioned. Regarding the impact of synchronicity, the studies showed that the asynchronous nature of written communication allows for greater construct and refinement of the discussion. Furthermore, asynchrony provides the opportunity to self-enhance, which in turn affect topic selection. On the other hand, when consumers have very little time to construct and refine their message (e.g. in oral communication), or have little urge to self-present, accessibility drives the topic of discussion. In these situations, consumers are more inclined to mention brands or products that are top of mind, regardless of how interesting these brands or products may be. (Berger and Iyengar, 2013)

In summary, these findings indicate that written word of mouth is the communication channel that naturally leads to the discussion of more interesting brands and products. This includes written discussions in blog posts, online reviews, and social networking sites, among others. The findings of this study are more relevant for explaining consumer behavior, however some managerial implications can be considered. Taking these findings, and the aforementioned fact that word of mouth and recommendations are regarded as the trustworthiest marketing channel, into account, impacts companies’ word of mouth strategy. Corporate blogs, in which employees interact with consumers in a more informal setting, have been around for a while, and many companies have attempted to launch viral campaigns, in order to stimulate word of mouth among consumers. However, some of these viral campaigns have caused backlash. For instance, McDonalds attempted to stimulate word of mouth by asking their followers on Twitter to share their #McDStories. However, this did not pan out the way they expected, as one user tweeted the following #McDStories:

mcdstories

All in all, it is important for companies to carefully consider their word of mouth marketing campaigns, as online communication channels have allowed for more elaborate and witty responses among consumers. This links back to the theory suggested by Berger and Iyengar (2013) that written communication channels provide consumers for better construct and review of their statement. Despite good intentions, a campaign can always pan out differently, as #McDstories has showed.

 

 

References:

Nielsen.com. (2012). Nielsen: Global Consumers’ Trust in ‘Earned’ Advertising Grows in Importance | Nielsen. [online] Available at: http://www.nielsen.com/us/en/press-room/2012/nielsen-global-consumers-trust-in-earned-advertising-grows.html [Accessed 5 Mar. 2017].

Berger, J. and Iyengar, R. (2013). Communication Channels and Word of Mouth: How the Medium Shapes the Message. Journal of Consumer Research, 40(3), pp.567-579.

DogVacay -The perfect solution for a man’s best friend


Weekend getaways have becoming increasingly popular in recent years. Rightfully so, as it gives people a quick escape from their busy, and maybe even stressful, day-to-day life. Unfortunately, for some this is less easily planned than for others. Take for example dog owners. It is not as easy for them to book that last-minute deal they just saw online, as they have to arrange for a place to stay for their beloved canine. Possibly they could ask one of their family members or a good friend to look after their pet, or they could consider bringing their dog to the kennel. However, this may be an imposition on some people, or if friends are willing, they may not know how to properly look after your dog. Sure, a kennel usually employs professional dog sitters, but then you are stuck with a bill that is larger than the cost of your weekend getaway! Even when money is not an issue, some dog owners have come home to traumatized pets after their stay at a kennel.

This last incident is exactly what prompted Aaron Hirschhorn and Karine Nissim to open up their home to other people’s dogs. After putting up a listing on Yelp called Aaron’s Dog Boarding in 2011, the couple realized that there was indeed a large demand for their services and that good money could be earnt with their business. This is when Aaron and Karine decided to scale things up. They reinvented their business model from pet sitting themselves to operating a platform on which dog sitters and dog owners are brought together, and so DogVacay was born. DogVacay is thus a two-sided marketplace, which has enjoyed great network-effects over the past years. Currently, 40,000 dog sitters across the U.S. are registered on the platform, making DogVacay the leading online platform in its niche industry. 

DogVacay works as follows. Dog lovers can apply to become a sitter on the platform, however Aaron and Kate ensure their capability through a strict screening process. In order to become a DogVacay Host, applicant must pass interviews, video training, and a reference check. In turn, sitters can set their own rates, schedule, and preferred dog breed. In addition, they have access to 24/7 customer support. Dog owners on the other hand, can search for the perfect sitter simply by entering their zip code. They can select their DogVacay Host based on their profile, which includes a short biography, rating, reviews, number of repeat visits, and whether they own a dog themselves. Furthermore, every reservation is covered with premium pet insurance, which thus takes the legal aspect into consideration. DogVacay also encourages both parties to meet up beforehand to guarantee a perfect fit and a happy stay. The platform itself generates revenues by taking a 15% percentage cut from the transaction. With a revenue stream of $70mln in 2016, DogVacay is expecting to hit profitability this year. Currently rated 4.97 out of 5 stars, is there really any better alternative out there for a man’s best friend?