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    Digital Marketing

    Twisted Juice.

    By
    Steve Poppe
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    2

    Mitch Joel and Jaffe Juice’s Joseph Jaffe squared off yesterday in a podcast that was a good deal of fun.  Each agreed they were good friends but that was about all they agreed upon — save for the obligatory strokefest at the end.  Mr. Jaffe is a principal at Crayon now owned by Powered and Mr. Joel is president of Twist Image a leading digital shop based in Toronto.  Both are published (books, blogs and pods) and practiced “duelists.”

    The discussion with which they played pong was “Is social media a discrete marketing practice?” Mr Jaffe says “yes,” Mr. Joel “no.” 

    The crux of the debate is this:  Social media needs to be well integrated into the marketing and digital practices of corporations. Today, it’s not.  Mr. Joel says there are smart companies doing so and he’s right.  Mr. Jaffe says those companies are the “exception not the rule” and he’s right. Powered is betting that specialized shops – best of breed social shops – will be better positioned to make waves and earn low hanging engagements.  Mr. Joel believes that cleanest most likely social successes will come from integrated digital shops, and in the long run that is probably more correct.  But his approach is less promotable and less newsworthy.   Social media is the haps today.  There is demand for it and a social marketing swell surrounding it. 

    Da Monies.

    So where is the money in social media?  Tweeting buy the pound? Friending by the hundred? In strategy?  Yep.  Where is the money in the integrated approach? The answer is tweeting by the pound and building websites – a more lucrative approach.  

    Win by Knockout?

    No. Both arguments are very compelling. Mr. Jaffe and Powered CMO Aaron Strout are loudly breaking new ground. (There are supposedly scores of quiet social media agencies in NYC alone.) Mr. Joel gets it for sure, and though his sound bite is not as powerful he will probably have higher margins this year. Were I a marketing director and these two pitching my business, I’m sure the last one to present would win the business.

    How to Charge for Social Media.

    By
    Steve Poppe
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    0

    I was chatting with a friend at JWT the other day about how agencies can’t make money in today’s social media entranced marketplace  — and I may have solved the problem.  Here goes:

    Say you come up a with a big engagement idea. It’s for a new product launch and you have created a fun video demonstration of the product.  A couple of graduate students from NYU did the production at a cost of $4,500.  You work at Publicis and know you can post the video for free and the mark-up won’t pay for the pastry at the presentation meeting.  How do you price it? Staff it? Measure it? Is it done under a retainer? Oy.

    The answer is simple: You price it based on delivered reach, with a smidgen of frequency.  If the video is viewed 0-24,999 times (uniques) you charge $2,500.  If seen 25,000 to 75,000 times $4,500….and so on.

    If the video is linked to another site, Publicis earns a bonus based on other site’s traffic plus the additional views. If the video gets played on TV or a big portal, another bonus plus those views. Think of the model as part SAG/AFTRA, part pay-per-view, part Nielsen Ratings.

    Now that wasn’t that hard, was it? Piece. I mean Peace!

    Datapalooza.

    By
    Steve Poppe
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    0

    Yesterday, I was on a panel at OMMA Performance in NYC called “The dream of the Digital Dashboard.”  (OMMA stands for Online Media Marketing and Advertising.) The program, curated by Cory Treffiletti — president of Catalyst S+F, a great digital strategy shop — was quite good. (One of the speakers was from Tynt.com, check it out.)

    On my panel I mentioned that tactics-palooza has created the need for dashboards and one of my panel mates, Marc Kiven, repurposed the sound bite into datapalooza, which had some serious ballast with the audience.  Nice ear Marc. (Sorry, had to say that.)

    Datapalooza reminded me of a meeting I attended a while ago in which someone from AT&T network management said “We need to collect all this performance data, then do something smart with it.”  It’s a word string, I never forgot. Today digital marketers are so covered in data it has become harder and harder to do something smart.  One reason is interoperability.  Most reports capture time on site, links clicked, referrals, browser type, geography, device, bounce, last page visited — times a hundred. And even though we’re in the age of open standards I sense many of these data points remain in unique software homes…not portable to other behavioral data sources and feeds.

    This interoperability issue reminds me of voice mail.  Have you ever moved from one job to another and had to learn new voice mail prompts?  What a pain.  If we are to improve the performance of digital performance, the industry needs to think about some basic standards. Perhaps that will transform datapalooza into a more sonorous environment.  Peace!

    Leadership. Digital and otherwise.

    By
    Steve Poppe
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    0

    I often think about leadership.  Understanding how to lead is a marketing fundamental. A life fundamental. Impressionable junior high schoolers watch what the cool kid wears hoping to be led.  Plains Indians of yore, thinking about wintering destinations, follow the chief not the warrior. And to whom do patients with a rare forms of cancer turn when looking for the right doctor and hospital?  A health portal that makes money selling ads, or a doc with humility who takes the time to explain, educate and engender trust?

    All forms and flavors of leadership.

    Leadership in marketing, trending wise, lies with the “media socialists.” Those who can build Facebook pages. The builders of mobile promotions who use words like “create a Google API that drags content into the site.”  We are all smitten with these pop marketing tactics. They are way less expensive than a page in People Magazine, and can live for months. But folks, many hawking social media and digital media solutions are not leaders. The top 5% may be are, but there are not enough to go around. When the biggest social effort of the last two years is a body wash campaign that has earned more talk than sales receipts, you know we’re pressing. (And please know, I loves me some social media. It is transformational. Just often mishandled.)

    As marketers reach out to agency partners and prospective employees, please ask them to talk about digital leadership. What are their firsts? Their onlys? Their big wins…and big losses?  Anyone can win a battle but only those with demonstrated strategic chops can lead into the future. And isn’t that where we’re headed? Peace!

    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!

    Google Buzzed?

    By
    Steve Poppe
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    0

    “Fall forward fast” is a marketing maxim many have followed with great success. Be bold, be quick, correct as needed. It’s a fist-mover approach and it was good advice back in the day.  But the Internet has sped things up a bit don’t you think? Fast today is a lot faster than it was 4 years ago.

    Google Buzz was brought to market too fast. Is it correctable?  Sure.  Will Google take some heat? Sure. Will it recover, sure.  That said, I suspect there’s a little tainted blood in the Google bloodstream thanks to this effort and Google needs to take a breath.  When you launch a new service and the phrases “opt-out,” “disable,” “sorry,” “feedback” and “critics” become keywords of the coverage you have not done enough homework.  Google “google buzz”+”critics” and see what pops up.

    Facebook‘s Beacon advertising program wasn’t thoroughly vetted before launch nor was the Google Nexus One, released before back-end customer care issues could be properly handled.

    Overdogs.

    Did you watch the Superbowl? Which team did you root for?  The overdog or the Saints? Overdogs are leaders.  They, more than anyone, need to be careful when bringing new services to market. Take a breath. Do some reconnaissance. Let power users spank the brand a bit (“brand spanking” is a great overdog research methodology). Then launch. Too much Starbucks, as Zack de la Rocha might say, “can killa man.”  Peace!

    Creating a Social Media Monster?

    By
    Steve Poppe
    -
    0

    Mission Control is a well-produced 76 second video by PepsiCo’s Gatorade ‘splaining how Gatorade marketing monitors the web for comments, chatter and potential product improvements. The “war room” at mission control is filled with AT&T NOC (network operations center) -like people in front of multiple monitors — their fingers on the pulse of Gatorade enthusiasts.  Looks like they are a busy bunch.

    Interspersed with the mission control pictures are great shots of Kobe, Serena, etc., helping viewers work up a sweat…which is what Gatorade is and should always be about.

    Right now this vid is kind of inside baseball for the marketing, advertising and social community – plus I think it’s being used in and around Cannes to round up votes. It’s a great spend, by Gatorade as they “set the stage for digital leadership.” I’ve written before that every large corporation in America will have a social media dept. and I believe it.  Smart senior agency people have nodded in agreement yet told me that the truly creative ideas and productions that hit wire/less will still come from agencies.  That, too, I believe.

    After a while though, after all marketers have jumped on this listening bandwagon and consumers are conditioned to provide product input, message input and marketing input, it will begin to dull the strategic senses. It will turn the world into a place filled with screen-scratching marketing interns, when what we really want to do is listen to the influential “Posters.” (Google whatstheidea+posters.)

     

    Let’s watch out for that monster that we are creating. Peace!

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