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I Smell a Twitter Revolution.

July 12, 2010 in Digital Marketing, Digital promotion, twitter | 0 Comments

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!

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Democratization of Information

June 22, 2010 in Marketing | 0 Comments

Back in the day, the only companies that could afford to amass and parse vast amounts of customer information – large enough to do trending and prediction – were the really big dogs.  Data and the money that purchased that data were power.  Today, not so much.  Today, if you want to open a pizza parlor in NYC, it’s not just about walking the streets, counting competitors and feeder locations (tall apartments, schools, nightclubs).  Today, there are free online tools. And more coming.   

American Express Open.com

American Express has helped democratize information by creating Open.com, a small business repository of data, skills refinement, community and tools which let small businesses make smarter decisions. If not now, in the future, these tools will include access to marketing data like Nielsen and MRI, so that if the pizza parlor start-up wants to know which zip codes in NYC index the highest for pizza consumption. Boom. Or he/she wanted to know what time of day those sales are most robust or weeks of the year? Boom. Might that pizza start-up want to know who serves the best pizza in that zip code according to pizza eaters? Boom. Or what are they saying about that pizza on their smart phones and tweets (Clean bathrooms, near the subway, dollar slices?). Boom.

Today, smart companies like America Express and its Open.com and Booming programs are doing for small business what ERP did for larges businesses 15 years ago.  And there will be a wave of new cottage industries popping up to serve small business customers. ‘cause that’s what happens in a democracy. Peace!

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Redeeming Miles (on Twitter).

June 7, 2010 in Marketing | 0 Comments

Miles Nadal is probably the biggest name on the scene today in the advertising and communications business.  His holding company MDC Partners has been the only one with a positive stock performance during the global downturn. His spending on minority positions in small and mid-size shops with great leaders is what has built this empire. While the big holding company officers are watching their stocks depreciate, debating assets to sell, and arguing of which employment contracts to void, Mr. Nadal was roaming the planet seeking out smart people. The marketing business has always been powered by smart, forward looking people.

I’d love to go to school on Mr. Nadal and have followed him on Twitter for a while — but he is an awful Tweeter. His tweets are inspirational quotes from others.  Aristotle?  Come on Mr. Nadal!  Building a business by finding and enabling smart people is one thing, extending that into Twitter may feel an “authentic” brand play, but it’s so disappointing.  Better to quote your own hires.  Better more, quote yourself. Posting other people’s stuff is a rage but from people like you we need original thought. Personal Twitter accounts are best when steeped in one’s personality. Give us some of dat Mr. Nadal.  Peace!  

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Smartphone Apps Flowing Like Mothers Milk.

May 26, 2010 in Digital Marketing, Mobile Marketing | 0 Comments

Milk Monitor is an application available from the AppStore. It allows iPhone (and possibly iPad) toting moms to tap and record their babies milk consumption. The data can be stored, reviewed and trended at a later date.  Apparently moms like to do this kind of stuff – typically using bits of paper and napkins when recording on the road.  If you have a baby on your shoulder tapping is better than typing.  If you are carrying a smartphone around anyway and recording this data helps – especially for fussy babies — this is a great application. Go iPhone!  Go app developer!

Application development at the smartphone level is like life on another planet.  There are currently 80 trillion apps (JK) for the iPhone today and about 6,000 for the PC (please don’t retweet, I didn’t count).  Now most iPhone apps don’t get used, but that’s not the point.  Some may. Some may help. Some will even save lives. And that’s cool.

Just as Twitter will open new doors for smart marketers, smartphones and their apps will open new rooms for marketers.  The application developers who think like people first and coders second are the ones who will win.  

The developer of Milk Monitor deserves congratulations two times: one for the app, one for the new bouncing baby she’s feeding. Peace!

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Spotlight On Social Media – Today and…

April 28, 2010 in Digital Marketing, Facebook Marketing, Marketing, Mobile Marketing, twitter | 0 Comments

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!

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Intelligent Clothes Tagging.

April 19, 2010 in Mobile Marketing, twitter | 0 Comments

Within a couple of years many newly manufactured clothes will contain inexpensive invisible data tags.  Much like a scanner tag you find on packaged goods these tags will contain brand name, style, store and price.  What will make them unique, however, is that they’ll be scannable via phone applications.  See a cool pair of shoes on the street?  Just point-and-click and immediately know what the item is. Think of it as a paparazzi for clothing thing.  Sure it will be annoying…but we’ll live with it.

As this service gets more sophisticated and cheaper and the geo-location and privacy implications resolved, manufactures and marketers will be able to aggregate data and read that in Brooklyn, 200,000 people are walking around in Chuck Tailors on Friday but only 75,000 people on Wednesday.  We’ll know black tee-shirts outnumber red 2:1 on Monday and sundresses are really worn on sunny days.

 And don’t even get me started about clothing tags tied to coupons, promotions, search terms or Twitter codes.  I can’t even process that.  For that add two more years. Peace!  

 PS.  This is but one chapter in my worldwide inventory theory.

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Google is an Advertising Company.

April 16, 2010 in Marketing, Marketing Strategy, twitter | 0 Comments

I’ve written before about Google’s “culture of technological obesity” saying I think the company is taking on too much outside of its core mission.  Phones, productivity apps, the list goes on and on. The reality is — the dirty little secret no employee will readily admit – is Google is an advertising company.  (Google Doubleclick.)  Eric Schmidt and his peeps know this but it doesn’t play well at cocktail parties. The technology badge is what they wear most proudly.

Of the $6.78B in revenue announced this quarter, the lion’s share was ad generated.  Now don’t get me wrong, I love Google.  I’m not a hater. They need to succeed.  Google really is changing the world for the better. But they will Divest or Trivest at some point.  The company is a 3-ring business circus.  And because one of the rings — most profitable ring – is advertising, and because Google hasn’t been putting all of its efforts into providing innovation in advertising, it will lose market share. Ad revenue will still grow, but Google will lose market share. My bet is Facebook and Twitter will take share. Facebook is already doing it and Twitter has just begun.

 Advertising is about search, yes, but also about referral and context and point of sale (POS).  Twitter may have a leg up by combining all four.  To all the developers at Chirp…advertising still is da monies!  Peace!

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Is Resonance the Grail?

April 15, 2010 in Marketing, Social Media, twitter | 0 Comments

My first encounter with metrics was when a friend at Ogilvy Direct (now OgilvyOne) explained how Vanguard Funds tracked ads to resulting investments.  Each ad had a unique code that found its way through the process and when money was deposited it generated an advertising-to-sales ratio. Ad creative, size, media could all be calculated.  This approach is why direct marketing, nee direct response, nee direct mail agencies were the digital agencies of the day in the 70s and 80s.

In the 90s banner ads were the haps.  They were new and measurable and web advertising was ready to kill traditional. But as click-through rates diminished sales people told you banner were awareness builders. Display ads started to get bigger and richer and CTRs increased again. Then search became the new “new” and SEM/SEO shops multiplied like rabbits.  Search though, is a half nasty business — with a good deal of practitioners hacking their way to the top. (Are these the people who always talk about authenticity?)

Resonance.

Today social media is the haps. And social companies are finally taking monetization seriously.  Twitter’s resonance concept is a great start. Twitter’s Promoted Tweets measure nine factors to determine resonance, which is used to determine whether an ad stays or goes and what to charge. According to the New York Times, three of those factors are “number of people who saw the post, the number of people who replied to it or passed it on to their followers, and the number of people who clicked on links.” Some say social media is not about selling, it’s about engagement. That’s like saying you go to a singles bar to make friends. It’s only a 5% true. Resonance tied to sales is coming. Who ever cracks that code will be the David Ogilvy of the decade.  Peace it up!

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Twitter’s New Ad Plan.

April 13, 2010 in Social Media, twitter | 0 Comments

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!   

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