Marketing Campaign Launch

28 11 2007

I’d like to thank our early beta testers for helping us sort out bugs and for giving us suggestions on how to improve. We’ve sorted out as much as possible in this short time frame and we’re finally launching our marketing campaign… From just  our little marketing “experiments” we’ve managed to garner about 40 signups in 24 hours and it doesn’t seem like its going to slow down. Look out Singapore, here we come! :) Thanks for all your support! We could not have done it without you.

We’re working on some cool features and are looking for talented software engineers who love what we’re doing and want to be part of the team. Drop a mail to vinod at homespace.sg and I’ll be in touch.  :)



Mocca.com’s Marketing Strategy Flawed?

22 11 2007

HDB

I was once again chillin’ out with my advertising guru friend over beers and somehow (as always), we started talking about Mediacorp’s questionable strategy of spreading the Mocca brand.

 ”What the hell were they thinking?” was my approach to the matter and loving to play devil’s advocate, he pointed out that like it or not, their “all-out” advertising campaign was a huge success. Why so?

Let’s face it. Within a month from its launch, almost every Singaporean has come to know of Mocca.com. People either talk about it or shoot spoof videos of the muscle dude and post them on YouTube (go check them out). In a nutshell, top-of-mind recall was emminent and perhaps that was Mediacorp’s number one objective.

The flip side of the argument however, is that people don’t always talk about or remember Mocca.com in a positive way. No doubt there is top-of-mind recall, but what is the point of that if they don’t recall anything great about it? Countless forums speak of its bad marketing and countless people take a piss out of its silly ad concepts.

Mocca’s tv ads have also been focusing heavily on its video embedding capability. Visiting the website however shows no such ads that have embedded videos of ordinary folks advertising their wares. Is the market not ready for this feature? Did Mediacorp play too many cards at one shot too soon?

Perhaps the 1o min video in “The Ries Report” (http://www.riesreport.com/index.php?month=10) is enough to illustrate where Mediacorp went wrong in their marketing strategy. Al Ries (marketing guru) elaborates on the difference between a commonly used ”big-bang” approach versus a “slow build up” approach, and why waiting for the right time (tipping point) to advertise “all-out” will yield a much greater ROI.

Our conclusion: Mediacorp doesn’t have a baaaaaad product (though we love saying it). The only thing that was reeeeeeally bad was their timing. The moment Mocca.com was launched, they almost immediately blasted the whole Singapore 24/7 with advertisments that have only served to set expectations way high. When people went to the website and realized that “it ain’t that great”, credibilty fell. And everyone knows that when a new product emerges in the market and loses credibility from day one, it’s going to take a miracle to gain it back.

What they could have done was to simply sell the fact that people can now turn to an online classifieds platform as opposed to the traditional newspaper classifieds. That capability already sells itself. Afterwhich, they can then focus on selling their search function which should really be their back-bone core feature because the truth is, searching for an item over the newspaper classifieds really just sucks.

When they start to win over early adopters and the early majority (hence stabalizing their initial user-base), they can then execute their “all-out-blast-the-whole-Singapore” advertising approach, not just because they have the easy means to, but because by then, they would have had a more solid product and a stronger user-base to back up their claims. And over time, when the masses have further grown to accept and approve the website, market the video embedding feature, which by then, should result in a higher acceptance and adoption rate.

But with all that has been said and done, alas…it might already be too late for them…

We’ll see…



HomeSpace.sg Goes Beta!

29 10 2007

homemapIt’s been a long time since the whole team embarked on the HomeSpace project and I’m happy to finally announce the launch of HomeSpace - beta to the public! Here’s the official press release :)

SINGAPORE, 28 Oct 07 – The Real Group launched HomeSpace.sg today, a powerful yet easy-to-use real estate search engine that effectively bridges buyer and seller in today’s hot property market. HomeSpace empowers sellers to easily post fuss-free listings via a simple online input in under 20 seconds. The platform, using only the home’s zip code, automatically populates the listing with the rest of the necessary information and maps it onto Google maps using its “SmartPins” technology which displays locational details for each property such as nearby schools, MRT stations and shopping malls.

While the proliferation of Internet use is notably high in Singapore, most users do not fully utilize its power in the real estate marketplace. “Sellers are usually mobile and away from their computers for most part of the day,” noted Vinod Nair, Chief Executive Officer of The Real Group. “How we’ve addressed this is to instantly deliver qualified property leads straight to them via SMS, making it remarkably convenient for them to contact buyers for their property while remaining mobile.”

“Creating a listing has never been easier. We have cut the time and effort needed to create one by over 80%,” said Timothy Kua, Director of Marketing. “All we really need are what we like to call ‘ZAP’ - Zip code, floor Area and Price - to put up a quality listing for you that is automatically furnished with road name, facilities if it’s a condo, nearby amenities like schools and malls and even the distance from these places. Gone are the days when every detail needs to be painfully filled out; now buyers can see almost everything you have to offer in just three easy steps. Of course, sellers can also add additional information such as the number of rooms and photographs just as easily on the website.”

HomeSpace strives to increase the value proposition to home-seekers looking for the best home within their budget. Vinod explained: “Buyers will appreciate the notably cleaner and uncluttered interface that is rid of irrelevant links and advertisements which are usually found engulfing other real estate websites. With our slick user-interface, wicked search technology and ‘Google-powered’ mapping system, we believe that HomeSpace will provide a user-experience so positive that buyers will repeatedly visit our website to conduct their home searches and also refer HomeSpace to their friends and family.”


As part of their launch promotion, HomeSpace is giving away 10 qualified leads for free per signup.

Visit www.homespace.sg today!



HomeSpace On SGEntrepreneurs :)

17 10 2007

I was recently interviewed by Gwen Tan from SGEntrepreneurs.  Actually, we did an email interview a few weeks ago, but I had to tell her to hold off on the publishing because I didn’t wanna generate too much buzz when the site was not quite ready yet.

Me and the tech team have been staying overnight at the office for the past few days to meet the requirements for the launch. Staelen looks zombified from the lack of proper sleep for the past 2 days… We’re just working really hard to bring the best damn product possible. Possibly even rivalling US sites… The Biz team and myself have been prepping for a couple of presentations we have lined up next week, which hopefully land us some funding so that we can market this :)

We’re definitely going to be one of the first few companies in the world to launch a full frontal assault youtube marketing campaign. I met a bunch of really cool and talented animation and film guys from NTU and we’re gonna be working with them to produce a series of hilarious viral video adn print ads. You can look forward to that sometime in November.  In the mean time, if you have any feedback or comments reply to this post and I’ll get back to you as soon as I can :)



Our First YouTube Ad!

10 10 2007

Ok I’ll admit it’s abit lame… but what the hell… I hate that ad so much, I thought I’d do a voiceover, Borat style…. :)



ST701: Mediacorp Got Online Classifieds… SPH Also Want!

8 10 2007

WTF… seriously… mocca fell flat on its face and now ST701 is doing the exact same thing…  The guys running the show have no idea how to position themselves… I was just flipping the papers today and I saw a shit load of ads for ST701.. SPH should just leverage on its extensive advertising customer base (something that Mediacorp doesn’t have) and put all the existing classified ads from their papers to ST701 for free, allowing people to search through them alot more easily. While they might be cannibalizing their business in the long run, better them then someone else…