In my most recent blog about the California governor candidates, I pointed out that there is an inverse relationship between marketing spend and Internet “success.” Witness Meg Whitman’s $900,000 investment in Internet marketing and the poor results she’s garnered with Facebook “Fans” and Twitter “Followers” compared to her rivals, Gavin Newsom and Jerry Brown.

Joint ventures in this case made a lot of sense. From an offline perspective, it certainly did not hurt Gavin Newsom to get an endorsement from the hugely popular Bill Clinton. Mr. Clinton likely pushed Mr. Newsom’s acceptance level in this political battle by several percentage points.

In fact, Mr. Newsom has some 58,000 fans to Ms. Whitman’s 4,500. What is not so obvious, though, are the online joint ventures he created to drive his popularity into the stratosphere … including his one million plus Twitter followers. While it’s possible to grow ones followers and fans organically, it generally takes a lot of time to create that many followers.

Let’s flip the analysis. Over the last several months, I’ve been fortunate to work with a number of celebrity personalities. A common theme always seems to pop up, “doing great, but would like to do better.” This, by the way, is what makes America great … striving for improvement … not just sitting around being happy with the status quo.

When evaluating joint ventures it’s always a great idea to create win / win / win scenarios. Make sure you understand what each party gets out of a relationship. In addition, since these days everyone has limited financial resources and are time constrained, creating a joint venture makes a lot of sense for a very simple reason – shared risk, shared reward.

Let’s take a real example. In creating a new online marketing campaign, we have several requirements for success: testimonials, saleable products, exclusive content, a well known brand, and much more. With limited time and financial resources, the decision to build vs. buy vs. joint venture becomes glaringly obvious – joint venture for those areas where you lack resources or talent and build or buy those pieces which you can control.

Joint ventures don’t have to be complicated. In fact, the simpler they are the more likely they are to succeed. Another simple example of this is obtaining content. Imagine that you are selling timeshares. You can try to create content on your own, but it would be much easier to joint venture with a real estate company. In return for their support, you promote their timeshare inventory.

The possibilities for joint ventures are limited only by your imagination. These days the blueprint for success is to think WAY outside the box. Don’t let naysayers say that it’s never been done before. President Obama didn’t!

Read more articles from David Chan.

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

It’s no wonder that celebrities, entrepreneurs, news stations and more are moving to online media marketing. This new media allows direct interaction with and between publisher and consumer. No other media exists that combines the speed of implementation with the analytical horsepower of “near immediate” feedback.

The California governor candidates are an interesting test case to see if they can repeat the success of the Barack Obama campaign. There have been many politicians who hopped on to the technology bandwagon after they witnessed firsthand the ferocity at which President Obama took the oval office. The famous words printed in The Book of Job “Speak and ye shall hear” are aptly appropriate to describe the Internet social networks.

The use of technology has completely changed the landscape of political campaigning forever. In the old days, California governor candidates would have produced and mailed campaign brochures, gotten their message printed in newspapers and scheduled speeches. Oftentimes this required months of planning and hundreds of thousands of dollars or more.

Today, the use of social networking sites and blogs literally allow you to speak and be heard … or “write and be read.” Of course, this strategy depends heavily on having enough friends, fans, and followers to make a difference. This is precisely why celebrities like Oprah, Britney Spears, and Ellen DeGeneres hire experts to make all this magic happen.

The field of California governor candidates are no slouches either. In fact, a couple of them have reached “celebrity” status themselves. Gavin Newsom has 1.1 million Twitter followers and Jerry Brown somewhere in the 900,000 range. These numbers put the politicians on par with real celebrities like Paula Abdul (ex-American Idol) and John Legend.

It’s interesting to note that, at least at this moment, there is an inverse relationship between campaign spend and online marketing “success.” The two Republicans who have spent the most amount of money, Meg Whitman ($900,000) and Steve Poizner ($100,000) have the least number of votes by a factor of several thousand percent! It’s too early to tell what this really means. Is it because they need a new team of technologists or is it just that they have the wrong message?

Whatever the answer, these California governor candidates have a huge challenge on their hands. With a budget deficit of $26 Billion, an unemployment rate of 12% an unfavorable business environment, and California’s education tanking, employers and families will pick up stakes and move elsewhere. No matter how you slice it, no amount of technology is going to create a quick fix to California’s problems.

Read more articles from David Chan.

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.