Soundview - Executive Book Alert
How Lady Gaga Turns Followers into Fanatics
by Jackie Huba
WHY YOU NEED TO GO GAGA FOR YOUR CUSTOMERS
Pop stars will always have their die-hard fans, and
superstar Lady Gaga (real name Stefani Germanotta) is no different. Lady Gaga
calls her fans "little monsters," and in Monster Loyalty, marketing
and social media author and speaker Jackie Huba shows why the singer known for
her outrageous costumes and mega-hits can serve as a model for developing
sustained customer loyalty.
Huba, whose previous books are Creating Customer
Evangelists and Citizen Marketers, draws seven key business lessons from Gaga's
career: focus on your one percenters, lead with values, build community, give
fans a name, embrace shared symbols, make them feel like rock stars, and
generate something to talk about.
Focus On Your One Percenters
In her 2007 book Citizen Marketers, Huba dismissed the
argument that 20 percent of customers create 80 percent of a company's value.
In truth, according to Huba, most of the value that customers bring to the
company comes from just one percent of the customer base. These one percenters
are fully engaged customers who, among other characteristics, believe in the
company and feel that they are part of something bigger than themselves.
Gaga and her manager, Troy Carter, clearly understand and
embrace the importance of the one percenters, Huba writes. Despite her 33
million followers on Twitter and 55 million likes on Facebook, Gaga and Carter
decided that they needed to create a private space for the most die-hard
superfans. Gaga and Carter created Littlemonsters.com, a website in which Gaga
communicates with her fans. There is, of course, a high level of interaction
among the fans, but it is the direct communication between Gaga and the fans
that makes this site unique. As one superfan explained, "Lady Gaga seems
to go on [the site] on a regular basis. She's updating all the time. A couple
of weeks ago, she tweeted some fan art that she found on the site."
Lead With Values
Gaga's engagement goes further than simply interacting on
social media. Gaga is passionate about helping young people feel worthy. She
does this not just through her songs but also through her Born This Way
foundation, "the mission of which," Huba writes, "is to empower
youth by offering mentoring and career development, and focusing on issues like
self-confidence, well-being and anti-bullying." Gaga thus exemplifies
another lesson for business: Lead With Values.
With each business lesson, Huba ties Lady Gaga's examples to
one or two business case studies. One of the most interesting juxtapositions is
between Gaga and Finnish housewares company Fiskars, which was founded in 1649.
As Huba demonstrates, both the outrageous rock star and the centuries-old
company understand how to build a community around their "products"
by understanding customers' passions.
Readers will quickly understand that Huba is no pop fan who
decided to stretch her love for her favorite singer into a business case; the
lessons in Monster Loyalty are insightful and practical. Nor is Lady Gaga just
a young singer who happened to hit it big. From her classical music training to
her careful study of Andy Warhol's iconoclastic life to the deliberate
decisions she makes in her causes and career choices (even the infamous meat
dress achieved its political aim), Gaga is a savvy marketer and shrewd
businessperson.
No comments:
Post a Comment