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    Digital Marketing

    ROI and a Field of Weeds!

    By
    Steve Poppe
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    People sometimes jokingly ask me “What is the idea? referring to the name of my consultancy. My answer, borrowed from Sergio Zyman of the Zyman Group, is “sell more, to more, more often, at higher margins.”  That’s the ultimate goal of marketing, no? The quadruple crown.  Interestingly, unit sales, market penetration, per capita consumption, and higher margins are different measures. Linked, yes, but different.

    When writing a marketing plan I typically start out with an exercise called The 24 Questions.  It’s traditional marketing, follow-the-money kind of stuff. Who’s buying? When? Who is involved in the decision? Most profitable customers? Margins? Channels?, etc. Once I get the money part of the equation I delve into brand questions — from the points of view of management, employees and customers. Some of the questions are designed to get to the truth and bypass the drama and ass-covering.

    Prioritization.

    The hard work is in ranking the business objectives. Most of my decks (PPT presentations of findings) array a healthy number of business objectives. Prioritizing objectives leads to prioritized strategies which require someone at the company to put one objective at the top: “On a sinking boat which child would you save?” kind of question. These decisions are the provenance of the brain not the algorithm.  

    ROS

    ROS (return on strategy) is a metric that measures business and marketing strategy. ROI, on the other hand, ties marketing tactics to dollar return.  Not to minimize tactics, but you can buy a tactic from any marcom agency on the street. And thanks to the web – the greatest marketing tool since paper money – we’re in the midst of something I call Tactics-palooza.  ROS allows you to measure business objectives through a strategic lens. ROS is the way to go. Think of it as a crop-producing farm next to a field of healthy weeds. Peace!

    Aol. vs. Yahoo

    By
    Steve Poppe
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    Aol. and Yahoo have both finally figured out that good content begets readership, viewership, referral, and participation which begets — the same.  These two seminal online brands will be dooking it out for years to come. They both took different paths to get here and both have CEOs with unique perspectives, but the battle should be fun to watch. Coke and Pepsi, AT&T and Verizon fun.

    Armstrong vs. Bartz

    My bet is on Aol. Tim Armstrong hitched his ride to a rising star (Google) and got that success smell on him — but I think he created some of that smell with his focus and good leadership. Carol Bartz’s career advanced by good blocking and tackling and good business decisions, something Yahoo hadn’t had for a while prior to her arrival.  Yahoo made lots of decisions, just not with a solid brand idea driving them. Until proven otherwise, I’ll give Mr. Armstrong the edge and write it off to “derring do.”

    Ad dollars are moving online, no doubt, but those in the know will tell you the lion’s share are going to Google thanks to AdWords and their direct-to-consumer, DIY, analytics-powered ad model. As Aol. and Yahoo re-create their online brands and lead the market in the generation of original content (paid and contributed), search will stay a powerful, lucrative utility, but won’t be the best way to find good content. That will be the domain of Aol and, hopefully, Yahoo. Peace!

    Direct and Participatory (Tee-shirt Saying?)

    By
    Steve Poppe
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    1

    I attended a really great event in NYC yesterday put on by the Direct Marketing Association and Participatory Marketing Network (shout out to Curley, the DMA’s receptionist of 26 years).  Called Social Media Spotlight, it really exceeded expectations. Steve Rubel of Edelman Digital got things started.  Steve is the Obama of the social media space.  Unlike most speakers about social media, if Steve trots out a statistic, it’s a good one. “More digital information was created last year than in all of history combined.”   Steve, thanks to his PR training, talks in tee-shirts. About the growth of Tweeting vs. blogging he said “A lot more snacking, a lot less meals.” He’s memorable and inspiring.

    Rob Krin, a digital dude from Castrol, showed great élan and marketing smarts by suggesting a strategy to “Be everywhere his customers are.” Is that a strategy?  Oh yeah.  A media strategy – but a strategy nonetheless. Castrol has an on-staff photographer who takes awesome action shots at car races and posts them to Flickr.  That’s what car heads want, that’s what Castrol gives them.

    Involver

    But one of the biggest surprises of the day was @rahimthedream. I’m not going to undignify my send-up by talking about his age—but Rahim Fazal, CEO of Involver, is da monies. I walked into the meeting not getting Facebook Fan Pages, thinking they were a time kill where people went to build their friend lists (which is still partially true), but I left eating some serious crow. Involver is the “app store” for Facebook marketing tools. Think of Facebook as television and there is only one ad agency.  That’s Involver. It’s pronounced Rah-Heem.  Peace!

    Spotlight On Social Media – Today and…

    By
    Steve Poppe
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    0

    Spotlight on Social Media was held yesterday in NYC, put on by the Participatory Marketing Network (PMN) and Direct Marketing Association (DMA).  There were a couple of important takeaways every marketer should think about. 

    Intent.

    Search is still important, no doubt, but it’s a little 2008.  Immediacy – what’s happening now — is the rolling thunder these days, so services like Twitter and Foursquare are the rage but the marketing future is something Rapleaf’s co-founder Vivek Sodera calls “intent driven” applications. Think of a suped up Four Square To Do tab. Facebook will certainly build an intent-based app and others in the VC pipeline will emerge, but just know intent+social+search+moblie is going to pay out lotto style. 

    Unanonymous

    I know, I know it’s not a word. But it’s a better word then unanonymize, which is the word that clanked like a dropped crowbar off Mr. Sodera’s tongue during his presentation.  Hee hee. That said, it’s a word that wonderfully describes what Rapleaf does. Rapleaf crawls the web and creates single records of an individual’s behaviors, activities and associations.  And surprisingly, it’s not that scary.  They do this using your email address and a cool piece of software. In email or direct parlance they append records using the social web. When I asked to be unanonymized, the Rapleaf software generated 100 of my web proclivities, the first of which was something called “Social Care” a membership I did not recall.  All the rest were spot on. 

    Facebook

    Facebook also presented at Spotlight and mentioned its 60 million daily logins put prime time television to shame. Sean Mahoney’s case studies of marketer successes were very impressive and prove that Facebook is the “new” digital. Its targeting capabilities are phenomenal.  There are specialty ad and marketing shops opening up just to handle Facebook-enabled selling and they’re worth looking in to.  It’s a cottage industry on the way to becoming transformational.   

    Others

    Other smart companies worth mentioning include Acxiom, a behemoth company that also transforms social data into social profiles (for targeted marketing), Cisco which has a neat B2B app in its NowVan program (like Kogi BBQ trucks for routers) and Air Miles a rewards program out of Canada, trying hard and having very good success. 

     Michael Della Penna of the PMN and Conversa Marketing and Neil O’Keefe of DMA deserve shout outs for empanelling a great program. Peace..it together!

    Apple Tablet + RE (Reader Experience)

    By
    Steve Poppe
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    0

    The Apple Table launches today and it makes me think about its transformational nature.  If the tablet is a combination of reader and iTouch as most report, with a few extra wireless bells and whistles, it should be quite so. 

    Some articles appeared yesterday that suggested print media companies will be developing reader experiences (RE – just make that up) to make reading digital content more enjoyable.  Think the printed word with sound, video and geo-linking.  But here’s my prediction — rather than embedding links in situ in a story, they will be organized at the end of the story or chapter, like a bibliography.  The written word needs a flow and pacing. A thought stream.  In both magazines and book form.  Clicking out to videos, communities, maps, audio files, etc. while reading is a very ADD and though something we’ve become accustomed to in the digital world, a behavior that good publishers will want to minimize. 

     There will be great attention paid to Reader Experience over the next couple of years.  It should be interested to see who establishes leadership.  I’m thinking the MPA (Magazine Publishers of America) should step up.  Tablet ho. Peace!

    Photomontage: Robert Galbraith/Reuters

    Cashiers, Conversationalists and CMOs.

    By
    Steve Poppe
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    0

    There are two factions in online marketing these days: Cashiers and Conversationalists. 

    Cashiers

    Cashiers care about the sale. They have the small dashboard that tracks click-to-sale and spits out an ROI calculations. Cashiers can’t wait to wake up in the morning to see the new numbers. They are in to usability testing, shopping cart abandonment, media optimization and other measures but their interest and energy pretty much stops at the sale. The buck stops there.

    Conversationalists

    Conversationalists are a daintier.  They immerse themselves in the process.  They want to make friends.  (Like the kid with the runny nose in grade school, sometimes they just walk right up to you and ask “Do you want be my friend?”)  In my world, conversationalists are actually more likely to find truths and insights about their products and win in the long term.  All the pop marketing gurus today are into the conversation. They are not technologists, thank God, so they are easy to listen to and learn from but their failing is that they’re a little too caught up in the sausage making, not the sausage tasting.

    CMOs

    For a CMO it’s great to have both types of people on staff.  A Yin and Yang thing. Cashiers are imperative for sales now. Conversationalists care about future sales, and loyalty and sale predisposition. But it’s hard to take predisposition to the bank. Good CMOs have a brand plan in place that gives direction to the factions.  A brand plan is informed by the work and findings of both factions, but it drives them.  A brand plan helps Cashiers and Conversationalist organize “claim and proof” in a way that creates Return on Strategy near and long term. Peace!

    Rubel, Facebook and Fruit Cocktail.

    By
    Steve Poppe
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    0

    There’s a pretty interesting debate going on over at Steve Rubel’s Posterous stream.  It revolves around his moving his stream (sorry, guys of a certain age) to Facebook.  He’ll continue at Posterous but feels Facebook gives him more visibility, a bigger audience and a richer discussion. 

    Mr. Rubel initially moved to Posterous because it was a place for him to aggregate his musings. Plus it was an easy and elegant interface.  (The aesthete in me likes the Posterous look better than the templatized Facebook frame.)  Sequestering most of his business and digital observations on Posterous and moving everything  else — business, personal, real time — to Facebook seems like a good strategy. But is it? Time will tell.

    Specificity

    In America and countries that look to America for tech and taste, specificity rules the day.  No one ever became president (of anything) being a generalist.  Let’s leave Mr. Rubel for a moment and use Ms. X as an example.  Say you’ve never met Ms. X but you think she’s a brilliant marketing mind. She may be a lousy partner, driver, dancer and cook but she can really mesmerize a room filled with marketers. You may be marginally interested in her meatball recipe but it is certainly not the driver of her attention.  The more meatball recipes in her stream, the less likely she is to be unique. By mixing all of her postings into one stream, Ms. X is not managing her brand very well. Her fame is diluted.

    Moving Toward the Middle.

    This is another example – common a couple of years ago when social computing companies were all trying to match each other’s feature sets – where everyone is moving toward the middle. It should not be. LinkedIn is about business relationships. Twitter is about real time info and immediacy.  Facebook is about friends and self and entertainment.  As Facebook moves to the middle, attempting to be all things to all people (brand fan pages included), it becomes like fruit cocktail — that can of fruit in the back of the cabinet where everything tastes like peaches. As quickly as Facebook is growing, I’m afraid it will mirror Google and turn into nothing more than an amazing advertising platform. (And then divest.) Peace!

    To Free or Not to Free.

    By
    Steve Poppe
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    0

    Plaxo, an online address book, started out as a free service and was pretty amazing.  As with most SaaS utilities, it had a lot of other features and functions, calling itself a social network, but what made it cool and famous was address book synching. The company recognized  many people had multiple address books on multiple devices (business and consumer) and getting those addresses from one to the other was a pain.  A cut and paste pain.  With a push of a button, Plaxo could capture and store in the cloud your email addresses and contact list just like magic, synching them with Outlook and/or Mac address books. The app hits 20 million users before being bought by Comcast for an undisclosed sum. Can you say exit strategy? It was the shizz back in 2007.

    In June 2009 the synching of address books with Outlook became a premium service. The moment of truth. Comcast said it needed the revenue to build out new features. Oy. And alas, as neat as Plaxo was, it stopped using me so I stopped using it.  If it got to the point where I couldn’t manage anymore, I’d have re-upped; but Microsoft had made importing and exporting addresses more usable and I (and the market) was on to newer things.

    The New York Times faces a similar dilemma on March 28th when its digital content moves to a subscription model.  The good news for them is they’re not a utility, though some may debate that.  A NYT reader who moves to Charlotte, NC and reads the Observer will not debate it.  The Times content is unique and worth the money.

    Plaxo, in my mind, needed to start out as a paid service. Hell, even at $3.00 a year. When you condition a market to think a product is free (Google NeXusOne are you listening) it is hard to come back.  This is the venture capital dilemma. This is the missing P in the market 4Ps. Buh-bye Plaxo. Peace.

    Screen Grab Retouching for All.

    By
    Steve Poppe
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    0

    I suck as an art director but that doesn’t keep me from appreciating art and wanting to play at it. Having looked over the shoulder of some pretty good art directors, watching them silhouette and manipulate images and color, I know what can be done with the right tools. The problem is the tools aren’t ready for mainstream.  And they are not free.

    Polyvore

    Polyvore is a women’s fashion website gets this and has developed a smart application where users drag and drop various clothing and accessories together into “sets” or looks. The UI (user interface) lets you flop things, flip things, enlarge, reduce, change color and purchase. By surrounding that functionality with comments, a community of fashionistas, and smart curating (showcasing Taylor Momsen and Keira Knightly sets, for instance) Polyvore has created a business. 

    Snagit

    Polyvore has tapped into people’s need to art direct or fashion direct and it points to a business I think is ripe for the taking.  A company by the name of TechSmith is aware of this and sells a product SnagIt that lets you grab and copy pictures and images via screen grab and do with them what you will. It looks fairly easy and for active users is a deal at $49.95. But the web needs an ad-supported version of this software for free. Think of it as a rudimentary retouching site – much like Flickr was to photo sharing a few years ago. Make it simple and they will come.

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