Random

    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 Stuff Works Online.

    By
    Steve Poppe
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    0

    Here’s how retail works.  You build, lease or buy a store, fill it with stuff, promote it and people come and buy its wares.  Or they don’t.

    Here’s how TV works.  You build, lease or buy a program, fill it with entertaining or informational stuff, promote it and people come. Or they don’t.

    Here’s how the web works. You build, lease or buy a site, fill it with stuff, promote it and people come and buy its wares…if you happen to be selling anything.  Sometimes the web is used to help people decide if they want to buy your stuff, because it’s sold elsewhere.  And other times the web is about entertaining visitors encouraging them to come back so ad revenue allows the site owner to buy stuff.  And sometimes still, a website is created to just simply to impart knowledge, altruism and community. 

    That’s the thing about the web — visitors don’t always know if they are on a site to be sold, entertained or informed. Sometimes the builders of websites don’t seem to know either.  And when that happens the sites tend to provide a little bit of each.  And a little bit of each often leads to a lot of none. Fruit cocktail. Tricky stuff.  Focus is your friend.

    The Digital Triangle. The Perfect Start-up Womb.

    By
    Steve Poppe
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    0

    The digital triangle, located in NYC, bears three distinct corners.  DUMBO in Brooklyn. SOHO in Manhattan. Union Square, also in Manhattan.

    DUMBO is where the coders are.  A youthful tech workforce who live digitally-centric lives, they are smart and have engineer-friendly minds. (A lot of gamer consoles burn out in DUMBO.) It’s a little men and boy heavy.  Union Square is where the money is.  Where the incubators are.  It’s where the DUMBO denizens with entrepreneurial spirit visit with their hands out.  It’s close to NYU and also has a lovely, youthful energy. Parking is expensive in Union Square but the smart money walks the streets.  SOHO is what makes the digital triangle different.  It is where designers, the truly creative and exceptionally beautiful like to call home. They don’t live there really, just work, shop and hang. If you can’t get inspired in SOHO with all its art, nubes, soft tacos, fashion, and vibe, you can’t get inspired.  All these neighborhoods are a subway or bike ride apart and feed off of each other. It is a perfect storm for start-ups.  

    Unlike Sand Hill Road (money), its surrounding neighborhoods of Menlo Park, Palo Alto, etc. (tech engineers) and San Francisco (ad people) the Digital Triangle is close but not really connected. The west coast likes campuses. It works but not like the digital triangle. As technology’s pull increases and more and more of the economy is tied to digital commerce, NYC will grow in importance globally and will become a tech capital with no peer. Just ask Fred Wilson. Peace.

    Facebook and Google Hit the Highway.

    By
    Steve Poppe
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    1

    Steve Rubel is a “beyond the dashboard” digital commentator.  That’s what I love about him. He doesn’t spend his day looking through the rearview mirror, he looks ahead.  Check out this Paste from his stream today:

     “I believe business web sites will become less important over time. They will be primarily transactional and/or for utility. Brands will shift more of their dollars and resources to creating robust presence where people already are and figure out how to activate employees en masse in a way that builds relationships and drives traffic back to their sites to complete transactions. Media companies will do the same – they will be “headless.”  Google and search will remain important for years to come. However, what we’re seeing is the beginning of big changes where social networking and Facebook will further disrupt advertising, media, one-to-one and one-to-many communications, not to mention search.”

    Beyond the Dasboard

    I like to look forward too — beyond the car dashboard as the metaphor goes.  And a car metaphor is appropriate when talking about Facebook, Google and social media.  Content is still king in my book. Mr  Rubel’s very believable notion that corporate websites will diminish in importance, save for transactions, is accurate. Today.  But I see Facebook, right now, as the highway.  The road that takes you somewhere.  It’s a highway filled with signs, and people and so much traffic that you can learn lots by being there, yet it’s still just a highway. Corporate websites are losing relevance because they have no pulse. They tend to be static. The action, the pulse, is on the highway. Google is the map and the directory and it’s fighting with the signs and the traffic.  (Check out Mr. Rubel’s post for some comparative traffic numbers showing Facebook overtaking Google by some measures.) 

    Content Still King

    As we settle down and as companies being to truly invest in bringing their brands and value proposition to life through their web presences, corporate websites will come back in importance.  All this talk about the conversation is great. But at some point the conversation has to stop so commerce can start. Corporate marketers will learn this soon enough.  That’s the future Yo.

    I Smell a Twitter Revolution.

    By
    Steve Poppe
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    0

    Twitter’s soon-to-be-launched service @earlybird will transform marketing. @earlybird is a promotional service that posts participating companies’ specials and deals on a wide variety of products and services — a cut of each sale going to Twitter. It will generate billions in incremental sales for sponsoring companies and serious revenue basis points for Twitter. Such a deal!   

    No doubt they will find a way to organize these deals by category, e.g., restaurants, technology, consumer packaged goods and, more importantly, geography.  Think of it as  Woot.com but offering thousands of deals a day.  Someone commented about the service in The New York Times, thinking that it would gum up their twitter feed — deals flying across the screen every minute, but the beauty of Twitter is that you don’t have to follow @earlybird (I hope) you just have to visit the tweet stream. 

    Twitter will transform commerce well beyond coupons and customer service. And this 140 character promotional vehicle is just the beginning. The idea to have an idea.  I can smell marketers lining up. And small local businesses?  They’ll have an absolute  field day with this thing.  Oh the possibilities. Can’t wait. 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!

    Worldwide Inventory

    By
    Steve Poppe
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    0

    barcode

    Google built a business, quite well I might add, on perfecting search and search usability. They funded the business with advertising.  The brand play was not to be the world’s greatest advertising platform (something Yahoo and AOL didn’t understand), it was all about search. 

    Back in the day (last week, hee hee) Google search was all about the Web.  Finding things digital.  This week, it’s about seeing and searching for digital things in the physical world.  So mobile apps and navigation are the rage. Google hasn’t led the way here, Apple has, but Google wasn’t first in search either.

    What’s next?

    What’s next is search for physical things in the physical world. Call it worldwide inventory. What is worldwide inventory and how will it work?  Not sure, but this cantaloupe sized brain of mine says it may have to do with barcodes.  Now you can’t put a bar code on an $11,000 hip replacement in Mexico (You can’t?) but you can put one on a $12.00 case of Honest Tea with torn labels. The ability for mankind to find real things, in proximity, with their smart phones is what Google will be doing over the next decade. And that hip replacement or $6,000 valve bypass in China will be something worth searching  for. Stay with search Google — it will soon be atop Maslow’s Hierarchy of needs.

    Worldwide Inventory may sound like a Pearl Jam song but it’s an Eric Schmidt song.  Peace!

    R/GA Creating the Law?

    By
    Steve Poppe
    -
    0

    R/GA is a bold leader in the digital marketing area. As all advertising and marketing shops move toward the middle — toward the strategy — only one digital shop aspires to be the agency of record: R/GA. Most digital shops rue the fact that they don’t get a seat at the big table, R/GA wants the table.  And they make quite a case.  Their entrée is the “platform.”  

    In a video by Nick Law, R/GA’s chief creative officer (thankfully, he’s not goofily titled), he says advertising needs to move “from metaphors that romance a brand to seductive demonstrations of a brand platform.”  Agreed. Were he to have substituted the word “strategy” we’d be in perfect agreement.  The word platform, you see, is a euphemism for website (and other digital stuff residing on the website). Brand strategy is hard to put a price tag on and websites and digital assets are easy estimate. 

    Mr. Law is correct campaigns come and go. He’s right that tactics need to feed the brand strategy. He’s right that utility and community are the source of sales growth and retention. And he’s certainly not being disingenuous in suggesting that something needs to hold and tie all the brand building work together. So I’m going to cut him some slack and not argue the noun platform and favor a more verb-like version of the word. 

    In the video Mr. Law refers to one of R/GA’s most famous successes Nike+.  “Nike+ is a platform fueled by campaigns” he says.  Nike+ was first a product and it’s growing into a branded utility. Is it growing into a platform? You tell me. 

    These guys are the real deal. And as good marketers they are trying to create a new language for the marketing world.  As I said, bold.  

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