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    Twitter’s New Ad Plan.

    By
    Steve Poppe
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    0

    It sounds as if Twitter’s new advertising program has been well thought out.  Sponsored 140 character Tweets, called Promoted Posts, will appear atop the results of key word searches.  If you search for Tacos, you might see a Chipotle tweet above all others.  Small type will let you know it’s a sponsored ad. And should you cursor over it the ad turns yellow. Twitter is stealing a page from Google by keeping only ads deemed relevant, i.e., that are clicked on, retweeted or direct messaged in reasonable numbers.  

    Twitter will charge advertisers on a CPM (cost per thousand basis), the way TV and print media are priced. (Read more about social media monetization here.) I suspect that in a while CPMs will be one price and clicks another, but we’ll see.  

     Next Phase of Twitter Ad Plan.

    Down the road ads are expected to appear in the midst of tweet streams surrounding conversations. The ads won’t result from searches but from the content within posts.  So if there are discussions about tacos Chipotle might buy its way into the conversation.  Whether these purchased posts appear in the stream or along side a la Google is still to be determined.

    This is just the tip of the iceberg.  There are so many other ways to monetize Twitter which we’ll all be reading about in the coming months and years.  I’m happy with the current approach – it is America after all – and I am happy that Twitter has tabled the in-stream advertising effort for a while. One bite at the apple at a time.  Peace!   

    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!

    Corporate Social Media Departments.

    By
    Steve Poppe
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    0

    I met with someone smart yesterday and shared my view that in the future large corporations will have their own social media departments — staffed with writers, videographers, photographers, coders and digital editors.  This senior strategy and innovation officer processed the thought, nodded in partial agreement, then noted that the level of creativity likely to come out of this type of group would be modest.  He was right. 

    An internal social media department will do a good job of relating the corporate viewpoint, organizing proof and demonstrations of product value, and it will do so accurately… but in the end it will lack that creative oomph provided by an agency. And here, I mean a digital or a brand agency. 

    That’s not to say internal social media departments won’t happen, they will. They already are.  But the talent level required to do it BIG, won’t be found on staff.  Sure, some implementation can be handled inside, but not the big honkin’ creative idea. Not the polished sight and sound. And agencies need to figure out how to charge for that idea? Beyond production and mark-up that is.  Does the answer reside within Google?  Hmmmm. Peace!

    An Unexpected Show of Caring.

    By
    Steve Poppe
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    0

    My wife does Yoga at Fitness Incentive in Babylon a couple of mornings a week and she just retuned asking if I would smell her.  The instructor, you see, had sprayed some lavender on her at the end of today’s session, saying something about its soothing properties.  This was an unexpected show of caring on the part of the instructor. 

    Marketers would do well to learn from the instructor and offer unexpected demonstrations of caring to customers.  Bob Gilbreath, chief marketing strategist at Bridge Worldwide, is building a brand and a movement around Marketing with Meaning.  Is an unexpected show of caring marketing with meaning?  Most certainly.  

    Expected

    When leaving a store and someone says “thank you for shopping at ____” it’s nice, but not unexpected.  While at a restaurant with spoon to mouth and the proprietor sticks his smiling face in asking “Everything alright?” — this may be unexpected but it is not a real show of caring. While at Mary Carrol’s Pub and the bartender buys back after your third quaff, unexpected?  Not really. Good business, yes, but not necessarily a show of unexpected or caring. 

    Caring and thank you are two different things.  The latter requires thought; it’s a skill actually. Twitter can be used as an example of unexpected caring, used correctly.  A coupon dispenser is not caring.  Customer service is not caring, it’s the price of doing business. When Steve Jobs, as was reported in the news yesterday, answers an email to a customer it is unexpected. And it’s caring.   

    Let’s get on with it marketers!  When you leave the building each day ask yourself “What did I do to show a customer – not every customer – I care about them in a surprising way. Lavender anyone?

    Accelerator Pedals and Online Ads

    By
    Steve Poppe
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    0

    There was an article today in the New York Times by Stephanie Clifford about new ad serving technology supported by real-time bidding, allowing ads to be served based on keywords and cookied behavior.  Supposedly everything takes place in milliseconds — before the page even load. (Is it me or are page loads getting slower and slower?  Thanks ads. Thanks beefy Web 2.0 apps.)

    It stands to reason that as this technology matures a good deal of these immediate, personalized ads will be price-based. And how do marketers lower prices?  By cutting margins elsewhere, meaning brand advertising budgets, etc.  Fast forward a year or two and think about all the low-cost, challenger brand/no brand, tailored ads filling up your screens. Likely, you will have bitten on a price ad or two and had a poor experience and now avoid these ads altogether. Your avoidance behavior may be similar to that toward telemarketers.  And it’s too bad because as the behavioral modeling grows it has an opportunity to be an important selling mechanism.

    But initially it will be price, price, price!  A word of caution marketers: Don’t fall into the price war — web ad bidding war.  It will be hard to get out of. And some of your accelerator pedals might stick. 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!

    Google Trivestiture?

    By
    Steve Poppe
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    3

    I’ve been writing for a few years, with great admiration, about Google and its amazing, transformative search tools.  Sergey Brin’s original vision “We deliver the world’s information in one click” is what allowed Google to become the NASA of the web. Case in point: Yesterday I was looking for one of my blog posts on my own machine using the Windows search tool.  After three strikes I Googled “whatstheidea+things we remember” (the title of the post) and in less than a second I found my entry. No on my machine, but on the Web.

    More recently, though, I’ve found myself commenting about how Google has wandered from its original mission – getting into the productivity software, social networking, chat and now the phone business.  The brand planner in me asks “How does one now articulate the Google Is-Does?” The Googleplex is filled with amazing minds but many seem to be trying to out-engineer one another; me thinks they have lost a sense of mission.  Steve Rubel’s post today on Google Buzz so reflects.

    Culture of Technological Obesity.

    Google’s amazing growth and economic success has spawned a culture of technological obesity.  It’s time for a change.  Here’s what will happen.

    The company will go through a corporate divestiture or as was the case with AT&T, a Trivestiture.  It won’t happen now…probably within 48 months.  My bet for the three parts? Search (text and video), Mobile (OS, apps, and tools), and Advertising Analytics.  How would you break it up?  Peace!

    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.

    Claim and Proof.

    By
    Steve Poppe
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    0

    Last week at the DMA/PMN social media conference, Steve Rubel, a digital honcho at Edelman, said “information scales, attention is finite.” He couldn’t be more right.  As social media adds more and more conversation to what is already being said about brands in the marketplace, the cacophony grows louder.  It is in this environment that brand planners become even more important.

    Creating a brand strategy that is easy for corporate officers and consumers to articulate is job one for today’s planners.  Once that strategy is in place, “proving” it and refreshing it is the real work.  Simply repeating the brand strategy — using words, pictures, speeches or song — is not marketing.  Proving it is marketing.  Proof through actions, deeds, and product innovation is what makes a brand strategy and what makes people pay attention…and remember.  If you have a great strategy and no proof, you fail.  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!

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