Posts from Industry Trends

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September 15

3 ways to justify spending on social networks

To demonstrate social network success, savvy brand marketers must identify what success means, and then understand how it can be tracked.

To justify spending and ensure budget for future projects, it is crucial that marketers can demonstrably prove the success of a given campaign. As the economy sputters, and the struggle for budget becomes increasingly more challenging, it becomes even more important. While the majority of digital marketing can provide highly quantifiable results, social media can prove challenging. These networks are nebulous webs of people friending one another and sharing select information, and they frequently can’t be measured in clickthroughs or conversions. This article will explore how to create a metrics program to track the success of a campaign, using examples from major brands to illustrate different approaches.

1. Determine what to measure
The first step is determining what to measure. Start by considering why social media is being used in a particular campaign, and then look for ways to measure the results. It is important to set the campaign up for success. Don’t track data that is hard to gather, but do set your sights on the low-hanging fruit that will yield meaningful results. For example, many sites offer a tool enabling users to post content to their Facebook or MySpace pages. By using a tool such as Omniture, it is possible to track the frequency with which users are posting, and which networks they are using. By tracking this information, meaningful insights into the resonance and value of material on the site can be gauged.

2. Take advantage of existing tools
Social networking sites recognize that they live or die by their user base, and they understand that advertisers on these sites want specific insights into who they are talking to and how the message is being received. By using Facebook’s sophisticated tool kit, it is possible to track specifically who is engaging, and what they are doing there.

Even if the numbers aren’t hard, it is still possible to use social networking to track brand perception and better service the consumer. Twitter is a platform where users post 140 character updates on what they are doing, either through a mobile interface or via the web. Unlike Facebook or MySpace, it’s not a forum for emailing or playing games and, as such, provides fewer hooks to a brand marketer seeking to promote a message unless they have a decent amount of followers. Yet, there are ways to integrate the platform onto the site (take a look at the Betty Crocker clip below, as an example). Using tools like TweetScan, it is possible to see how frequently the brand name is being referenced on the site, and to react to any kind of coverage.

3. Track how social networking impacts other channels
Tracking the number of daily users is a no-brainer, but mapping in-network interaction to external behaviors becomes much harder. There are, however, a few ways to skin the cat, given creativity and tenacity. If a brand creates its own social network, using a pre-existing platform such as Ning, in conjunction with metrics tools, it’s possible to track entry and exit points on the site. If a clear destination has been identified as a project goal, it’s possible to drive the user there and track the volume. If a social networking campaign launches, look outside the web to see if there is a correlation between sales and the viral growth on the networks. Bacon Salt, a purveyor of foods, launched on Facebook and MySpace. Within a few days, it had sold out of product.

Conclusion
Social networking is more than just a profile page on Facebook. The power of the consumer’s voice can be harnessed in multiple ways, to serve many goals. The information can be incredibly valuable to judge the value of content, track user opinion, and propagate a brand message.

But in order to demonstrate success, the savvy brand marketer will create a thorough metrics campaign to measure the effort. The first key step is to identify what success means, and then understand how it can be tracked successfully.

Take advantage of the tools provided by the networks that are out there, see how the brand is fairing, and what can be done to get involved with the conversation. Try to track how the social networking campaign impacts other channels. Even if the numbers are not rock solid, there can be definite trends.

September 9

4 low-cost methods for creating innovative campaigns

In our worsening economy, the concept of leapfrogging is very applicable in the marketing space today. Marketers must adapt, in some cases quite abruptly. But funds dry up, and dollars are scarce. This is where innovative thought becomes especially crucial to survival. The bad news is that the stakes are higher, the resources are scarce, and some will find themselves burdened with implacable constraints.

The good news is that innovative output is driven by creative thought, and leapfrogging is doable even in challenging circumstances. By exploring the creative process, marketers can use the tools they have at hand to succeed under even the most challenging circumstances.

Think small, in a big way
Often, consumers and marketers alike have trouble seeing beyond their current world, or adapting to things which are totally foreign. It’s not always about the epic change that blows their mind, but more about the smaller tweaks that can change everything. Think about online social networking. Social graphs are not new phenomena — they have been around for ages — and the Web has been commonplace for a decade. But new combinations of existing technologies and functionalities provided consumers with new opportunities to communicate, and new ways for brands to reach their constituencies.

Another example is rich internet applications; revolutionary applications like GoogleMaps leverage technologies that have een around for some time. But how does this translate for a marketer with a limited budget and a stressed executive team? In a few different ways.

For example, leveraging best practices from other fields can provide a competitive advantage when upgrading a web site or other digital promotion. Consider that insurance companies don’t have the best brand perception among consumers. People find them intimidating, and think that the service provider is out to get them. By adopting a rich interface more commonly seen in a retail site, insurance provider HumanaOne  surmounted these challenges and created an award winning experience.

Don’t win the game, change it
Innovation isn’t always about finding a solution to a particular challenge so much as changing the context of the problem. In this economic environment, risking a new approach may well prove to be more successful than embracing a known challenge. Think of gaming, for example.

Forced to compete with the consumer electronics giant Sony and the software behemoth Microsoft, Nintendo was faced with a costly, grueling deathmatch with no guarantee of success. Instead of running a risky approach to create costlier machines with better graphics and compelling gameplay for the typical console audience, it developed a platform with a different, kinetic style of play — the Nintendo Wii. By promoting console gaming in a whole new way, Nintendo managed to dominate market share and create a growing niche for itself.

Cut costs, not corners — track and react to digital users for free
In today’s environment, metrics become increasingly important to justify scarce resources. But in the perfect Catch-22, companies are spending less on marketing budgets, making it harder to track the success of their digital channel.   However, free tools are available that enable marketers to keep tabs on how their site is performing, and on the sorts of things that are being said about them across other digital media for free.

For example, Google Analytics provides tools for site owners to tag and track traffic, referrals, and segmentation data. A valuable tool for tracking competitors, Alexa provides demographic information on the end users visiting any site. Keep in mind though that these solutions aren’t perfect. While the suite is comprehensive and the price is unbeatable, Google has its shortcomings. It is important to note that Alexa relies on a subset of the Web’s user base, as the system relies on a voluntary end user install.

Gleaning free insights from the digital channel does not stop at the Web. It is possible to get a feel for how a brand is performing in blogger buzz through tools like Technorati or Blogpulse. While this isn’t the same as having a fully trained staff and all the tools in place, it is better than nothing and provides vital information that can frequently be actionable, or create better touchpoints with the client.

As Twitter gains in popularity, brands are beginning to use the tool to gauge consumer sentiment and respond quickly on an individual basis. Take JetBlue, which uses Tweetscan to keep an eye on when its name pops up in the streams, so they can interact with clients on an as-needed basis. This innovative tool helps JetBlue reinforce their friendly, approachable brand persona, and helps them leapfrog from the traditional image of a monolithic, unresponsive airline.

Analyze your approach
All too often, stakeholders focus on the end results — without thinking of the means to get there — or rigorously apply a strict methodolodgy with no analysis or forethought. Stop for a moment and think about the team, the goals, and the constraints. Chances are there are ways to inject creativity into the process, and inspire the team to foster ideas ranging from the very tactical to the highly strategic.

One useful tactic is to have participants in a brainstorming session write ideas instead of blurting them out. This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink. On a strategic level, changes can be made to the entire project process, to add more collaboration or open thinking into the process. At Molecular, we perform creative imagining sessions with key stakeholders and larger audiences to inspire great ideas and drive enthusiasm for a project. Carefully timed to coincide with the completion of data gathering, the output from this work leads clients to identify new opportunities and means to achieve success.

Conclusion

Economic times are rough, and marketers must respond to this situation quickly and decisively to stay on top of the challenges and changes. Innovation is core to survival, but funds are scarce. Fortunately, there are ways to make substantial progress without dropping a bundle of cash. Think about what innovation truly is — there is room for big change without redoing everything from the start. Look past the current business constraints and think about how to apply strengths in new places. Search for ways to lower overhead, such as free tools to track digital performance. Finally, remember that innovation happens from the very start to the very end of the project. Imbue the fabric of every day with room for creative thought, and plan the project to remove constraints and encourage creativity.

August 21

Upping the ante on our ‘Social-ness’
15 ways to build better relationships using Social Media

(After all, what goes around should come around, right ?)

So, I happen to believe we’re all social. In some way shape or form, both offline and online, and whether we like it or not. Simple put, the things we do and don’t do account for our ‘social-ness’.

Social Media Icons

The questions I’m specifically putting out there are around the virtual or online world:

HOW social are we?

HOW ARE we being social? And most importantly,

WHAT CAN WE ALL BE DOING using today’s Social Media tools to manage the relationships in our lives in ways that make it stronger, evolve, and compound to pay off over time?

No doubt, real life human-to-human interactions go a long way, but in our busy lives, there is only so much time to be able to meet, greet and interact with all the people in our lives. Plus there’s the geographic and financial factor. *sigh*

Enter – Social Media.

Remember the time when someone you hadn’t met in 20 years sent you a ‘gift’ on Facebook, commented positively on your status, or complimented your flickr collection? When a colleague or client started following you on twitter, or friended you on Facebook? For that matter, you probably also recall asking someone forgetting to send you a Linked-in recommendation after promising to do so, or when your blog content got republished word for word without any attribution whatsoever? Depending on the relationship and the type of social touch point you had, you were probably touched, elated, humbled, unhappy or disappointed even.

By following some of the basic tenets of Social Media—listening, connecting, sharing—and combining them with real world common sense and courtesy, we can take that personal or professional relationship to the next level. That’s the power of this social ether I think. Here are:

15 ways to up the ante on our online ‘social-ness’ and build better relationships

  1. Always respond comments and invitations. Never dis-engage
  2. Comment on status messages, it’s easiest to engage them in their current frame of mind
  3. Take the time to rate or review something you tried or used (remember how someone else’s rating helped you make a purchase decision?)
  4. Recommend people you vouch for on Linked-in before they ask you
  5. Share a job opening as your status message
  6. Comment and praise the blogs you admire and follow
  7. Go beyond just wishing them Happy Birthday on FB. Do at least 2 more things
  8. Ask to follow a client or a colleague, whom you look up to as a thought leader
  9. Initiate connecting like-minded people on your social networks
  10. Comment on a colleague’s post you’ve read, even a simple acknowledgement goes a long way
  11. Add something positive that is centered around the needs of the person you are interacting with
  12. Let your Thank-you messages become public (it only compounds the effect)
  13. Every so often reach out to a bunch of people you’ve interacted with the least
  14. When you don’t have anything positive to share about a friend or colleague’s blog, a simple acknowledgment for their effort goes a long way too
  15. Compliment a well executed offline deed and echo it online

Some Questions:

What are other ways you’ve improved the quality of a relationship using Social Media?
Do you believe in Social Karma?
Is SRM (Social Relationship Management) going to be key for organizations going forward?

Share your comments and thoughts, you know – be social….and excuse me if you will, as I brush up on my ‘social-ness’ and go offer up some ‘thumbs ups’ on Facebook and praise Chris Brogan and Mike Troiano whose blogs provided inspiration and insight for this post.

…Uhmmm, call me a bit karmic, but it does feel good. And that’s never a bad thing.

July 17

Flickr – Most Popular Cameras

picture-281

Thought this was a very interesting statistic even though it is not very surprising. The most popular camera on Flickr these days is being challenged by the simple photo abilities on the iPhone. I am sure it is a reflection of many things including mobility, and even audience type. It does in the end become the most versatile tool for capturing life’s moments and Flickr may be more popular now with casual photo enthusiasts and not serious hobbyists or pros.

Lot of other great information here as well. Check it out when you get a chance  -  http://www.flickr.com/cameras/

July 14

MITX Event: The Convergence of TV and Video: Digital Marketing & the New Video Ecosystem

Event header

Last week I had the opportunity to get a look at where the future of TV and Film is headed in the digital world. As video consumption converges with the Internet, TV and Mobile Devices, a new breed of consumer behavior is growing. An interesting panel of experts, Keith Johnston, Brian Cusak, Adam Kasper, Mark Marvel, and Chris Pape, presented thoughts on where this trend might be going, who the true benefactors will be, and how marketers can take advantage of it. Below is a compiled list of notes recorded by myself, as well as my fellow co-worker Kusum Thummalapalli who were fortunate enough to attend this event.  

 

The power of video:

  • There’s a huge misconception that TV is dead, when in fact there is still record consumption of TV (the word is that the recession could be playing a huge role in it), as people are staying home to decrease spend and watch TV instead.
  • TV is still the center of the living room, that will never change (per some of the speakers). What will change is how we get content onto the TV and how we interact with that content.

 

A shift in traditional advertising:

  • Ad spending has not plummeted, but in fact has flattened. With a decrease in traditional television viewing advertisers are not cutting their television advertising budget, but rather moving some of it to online television and digital spaces.
  • With budgets moving from TV to the Web we will find more productions based around interactive and social technology, as well as some TV shows produced specifically for web. (eg: www.youtube.com/fred, as well as various webisodes stemmed from original TV shows)

 

  Consumers are changing from readers to become more watchers:

  • The start of “interactive television” is beginning with interactivity such as live tweeting while a show is airing, and having those tweets appear on screen. Also companies like Direct TV are allowing users (viewers) to upload their fantasy football players to the screen while watching live sports coverage.
  • Why has video become so powerful? Online video, is centered around sharing, community and having interactive emotional engagements in and around the experience of watching this video

 

Common misconceptions:

  • TV companies think see pushing content to the web as an additive. Younger generations see it as an alternative.
  • One common misconception is that the new way to view television should be focused around the device used for viewing. But the device isn’t the mechanism, but just the vehicle. The Web is the mechanism. It should be the users choice where, when, or how they want to access the content.

Hulu

  What might be the best experiences incorporating video:

  • Use video as a hook and then pause at a point to engage customers with interactions . (eg: Show a funny video of ‘French’s mustard’ and then stopping halfway to enticing users to spray mustard on the screen in various shapes, such as star, cloud or hot dog.)
  • Marketing opportunities with video : sectionalize video, apply tags/keywords to them and make it be searchable. Selling those keywords, relevant section for complimentary ad spaces to showcase products. Also has SEO associations. 
  • There are also opportunities to brand the viewing experience. (eg: You can sponsor an online program commercial free, but instead skin the video player to resemble your brand. Users will think they are getting the program commercial free, but are really being influenced by your brand. There are also opportunities to have your product pop-up alongside the video content as necessary.) 

 

  Misc. tidbits:

  • Users want to be in control of the content they want to see, especially on the web and mobiles
  • More than 1/2 of the Youtube traffic is from outside of USA
  • Check out ‘Fred’ on YouTube. He’s become very famous of late. He has his own broadcast channel/show on YouTube. With a following of a million subscribers. http://www.youtube.com/user/FredFredOther panel members were wondering if this was similar to the LonelyGirl video that was a front a few years back. The takeaway here, is someone like Fred who started as just 1 person, now has the potential to attract marketers to hawk brands. Just like what the Super Mom Bloggers are doing I guess. Fred now has two seasons of episodes online, as well as his own line of Fred clothing, and his own web site.
  • Other people who have their own channels on YouTube: Queen of England and the Pope. Think about that for a moment.

 

As a member of Generation-Y who has grown up with the shift of television to online viewing, as well as a member of the interactive community I personally found this MITX discussion very intriguing. It is a lot to take in, but to be able to start thinking about this shift as designers, developers, and viewers is a great creative opportunity. It is up to us, members of the digital world to push these innovations forward and start shaping the future of how we view and interact with TV & Film.

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