Entrepreneur Profile: Pandemic Labs
Along with Brennan White, Matt Peters is the co-founder of Pandemic Labs. Pandemic Labs is a Boston-based social media marketing agency dedicated to helping brands navigate the ever-changing world of new media to create marketing success.
Though technology is central to many service offerings, Pandemic Labs does not define itself by any specific set of technologies. The theme at the core of all of their service is the belief that, in our increasingly on-demand world, marketing is a dialogue not a monologue.
Our world demands a philosophy of engagement, and Pandemic Labs excels at creating, executing, and tracking campaigns where brands and consumers actively engage in two-way communication.
Matt shares his story with Elite and provides valuable insight in the following interview that every entrepreneur can learn from:
What does your company do, and who does it target?
Pandemic Labs helps brands leverage social media for business gains. We are a dedicated social media marketing agency, so we have a very specific focus all day, every day. From strategy to execution to measurement to company policy, we tackle the whole social media world for our clients. In terms of a target audience, we deal mostly with large national and international brands like The Ritz-Carlton, Au Bon Pain, and DIRECTV. But, we also have a thriving and exciting set of services aimed at small businesses and startups.
How would you sum up your social media marketing philosophy?
Social media marketing must be approached as a conceptual change in marketing philosophy before it can be discussed at a strategic and tactical level. Many companies approach social from the bottom up; they build a presence on Facebook, Twitter, and Foursquare because they are “cool” and only then do they try to figure out why they are on those platforms. We don’t do it that way. We come from the top down, taking your target customers and our desired actions into account, then building a campaign that achieves your marketing objectives and aligns with your other efforts. In a nutshell: social media marketing is a means to an end, not an end itself.
What were your primary concerns before launching, and how have you differentiated from other social media firms?
I think the space was slightly less competitive when we launched in 2007, but we certainly knew it was going to turn into a frenzy of competition. And it certainly has. It seems like everyone is a “social media expert” these days, even though most don’t appear to have any inkling of why social media is such a powerful platform. They use old thinking on a new medium. We’ve consistently differentiated ourselves from other firms because we can answer the most important question: Why? Many people can manage a community or develop a blogger outreach plan, but if you can’t explain why you are doing those things using the specific business needs of the client, then you are just drinking the Kool-Aid. We answer the “why” before we every start a campaign. That’s why our campaigns are so successful and cost-effective.
3 Tips for Success?
Listen to all advice given, but then make your own decision. If you can’t explain to a stranger why you are doing a certain thing, then don’t do it. “Because a smart person told me to,” is not a valid reason to make a choice early in your business. Listen, digest, formulate, act. It will not seem like it at the time, but the social dynamic of your office is absolutely crucial to how well your business can run. Especially when you’re starting out and there are only 4-15 people in the office, a bad group dynamic can sink you. The human brain is not meant to deal with the overwhelming volume of data streaming into it all the time these days. I have three computers, an iPhone, an iPad, and an blackberry for international travel. At least one day every two weeks, I have to unplug. Leave the phone off…leave everything off. It will feel terrible the first time you do it because you will assume the worst and think you are missing something crucial. But it can wait, and you will be more productive when you plug back in.
How do you view success and how will you know if you have reached it?
I’ll tell you when I see it. For me, success is a moving target. As soon as I reach a certain level, the line at which I personally define success has already moved. I can never catch it. Perhaps this is why I keep working so hard.