Sunday, March 29, 2009
Social Media Marketing- Where’s the Control Gone?
In the darkness of Earth Hour, I started to ponder the nature of Social Media Marketing and the role Brands and Digital Marketing Agencies play in controlling their messages. But I found myself coming back to the same issue; Brand and Marketing Agencies no longer control the message. They need to understand and acknowledge that in this brave new world it is near impossible to control the message. Social media marketing will (and is) having the Brands and Ad Agencies sit up and revisit their 101 subjects on models of centralization vs decentralization media control.
centalizedSocial media is shifting the power to define and control a brand from the Brand itself and Ad Agency to the individual or community. As each day goes by, the ownership of all brands are gradually becoming the domain of the user. Essentially, social media is providing freedoms and decentralized control for people to read, validate, comment, influence, engage and participate in and within online community’s. So from the perspective of a Brand or Ad Agency’s continuing to work with their traditional marketing approach within a dynamic online community, they find it chaotic and unmistakably inefficient as a channel for ‘pushing’ PR strategies and traditional ‘packaged’ messages.
There has been a number of very visible failures where the community being engaged by a Brand or Ad Agency has actually revolted and created an unexpected backlash. Not a good result when trying to ‘promote’ a more positive response but I think this comes from the execution of the campaign … using the ‘old way’ of centralized control where Brands and Ad Agencies have been able to control the message (via a well thought out PR and comm strategy) and in most part predict the outcomes.
But for the Brands and Agencies working with social marketing, they must understand the medium in which they want to work. This channel contains dynamic communities with members with the freedom’s to question and influence others with their posts and comments. A double edge sword for marketers. So does that mean we can’t use use social media as marketers? Of course not… it simply means that we must adapt and be aware of the dynamics of the community we wish to engage.
This is a new world for marketers and one that is still evolving. Currently, I believe many Brands and their Ad Agency’s struggle to understand this domain …. Maybe I should now consider the impact of ‘culture’ and ‘freedom’…. This has contributed to the Chinese Internet user having the highest average time for online engagement and game playing…. OK, will hold this idea over for another post….
Saturday, March 28, 2009
Online Viral Marketing
is regarded as one of the most effective marketing tools that can substantially promote your products in the online scenario. Unique viral marketing procedures can bring more customers to your website, and effect considerable enhancement of sales and incoming revenue.
- Convenient and Affordable Promotion Technique
Online viral advertising is considered a quick and practical way of marketing your products and services to the targeted audience. In order to be successful in using online viral promotion procedures, it is essential to develop viral messages that are capable of multiplying on their own. Besides, the marketing messages must be appealing, so as to highlight your brand name.
The major advantage of using this technique is that it helps to increase your website rankings in search engines and thereby increase its popularity. It also helps in improving online traffic, sales leads and revenue. When compared to other marketing strategies, online viral marketing is an inexpensive promotion technique, as the major part of the promotion is executed by your customers.
To promote your messages, existing social networks as well as other available services are ideal. To encourage the customers to spread your marketing message, your business website must be properly organized. For creating a lasting impression on your customers about your products and services, viral techniques such as images, file sharing options, online games, video clippings, email messages, online contests and more can be used.
- Services Offered by Viral Marketing Companies
A number of professional companies offer online viral marketing services. These companies utilize the services of experts who offer you outstanding services based on your requirements and budget. Online promotion services offered by these companies include:
' Article ' blog promotion
' Online marketing campaigns
' Forum marketing
' Email promotion
' Blog promotion
' Online tracking
' Creation of newsletters
- Online viral marketing is by all means a powerful tool that helps to reach out to the targeted audience in a simple and economic manner.
The Six Simple Principles of Viral Marketing
I admit it. The term "viral marketing" is offensive. Call yourself a Viral Marketer and people will take two steps back. I would. "Do they have a vaccine for that yet?" you wonder. A sinister thing, the simple virus is fraught with doom, not quite dead yet not fully alive, it exists in that nether genre somewhere between disaster movies and horror flicks.
But you have to admire the virus. He has a way of living in secrecy until he is so numerous that he wins by sheer weight of numbers. He piggybacks on other hosts and uses their resources to increase his tribe. And in the right environment, he grows exponentially. A virus don't even have to mate -- he just replicates, again and again with geometrically increasing power, doubling with each iteration:
1
11
1111
11111111
1111111111111111
11111111111111111111111111111111
1111111111111111111111111111111111111111111111111111111111111111
In a few short generations, a virus population can explode.
Viral Marketing Defined
What does a virus have to do with marketing? Viral marketing describes any strategy that encourages individuals to pass on a marketing message to others, creating the potential for exponential growth in the message's exposure and influence. Like viruses, such strategies take advantage of rapid multiplication to explode the message to thousands, to millions.
Off the Internet, viral marketing has been referred to as "word-of-mouth," "creating a buzz," "leveraging the media," "network marketing." But on the Internet, for better or worse, it's called "viral marketing." While others smarter than I have attempted to rename it, to somehow domesticate and tame it, I won't try. The term "viral marketing" has stuck.
The Classic Hotmail.com Example
The classic example of viral marketing is Hotmail.com, one of the first free Web-based e-mail services. The strategy is simple:
- Give away free e-mail addresses and services,
- Attach a simple tag at the bottom of every free message sent out: "Get your private, free email at http://www.hotmail.com" and,
- Then stand back while people e-mail to their own network of friends and associates,
- Who see the message,
- Sign up for their own free e-mail service, and then
- Propel the message still wider to their own ever-increasing circles of friends and associates.
Like tiny waves spreading ever farther from a single pebble dropped into a pond, a carefully designed viral marketing strategy ripples outward extremely rapidly.
Elements of a Viral Marketing Strategy
Accept this fact. Some viral marketing strategies work better than others, and few work as well as the simple Hotmail.com strategy. But below are the six basic elements you hope to include in your strategy. A viral marketing strategy need not contain ALL these elements, but the more elements it embraces, the more powerful the results are likely to be. An effective viral marketing strategy:
- Gives away products or services
- Provides for effortless transfer to others
- Scales easily from small to very large
- Exploits common motivations and behaviors
- Utilizes existing communication networks
- Takes advantage of others' resources
Let's examine at each of these elements briefly.
1. Gives away valuable products or services
"Free" is the most powerful word in a marketer's vocabulary. Most viral marketing programs give away valuable products or services to attract attention. Free e-mail services, free information, free "cool" buttons, free software programs that perform powerful functions but not as much as you get in the "pro" version. Wilson's Second Law of Web Marketing is "The Law of Giving and Selling" (http://www.wilsonweb.com/wmta/basic-principles.htm). "Cheap" or "inexpensive" may generate a wave of interest, but "free" will usually do it much faster. Viral marketers practice delayed gratification. They may not profit today, or tomorrow, but if they can generate a groundswell of interest from something free, they know they will profit "soon and for the rest of their lives" (with apologies to "Casablanca"). Patience, my friends. Free attracts eyeballs. Eyeballs then see other desirable things that you are selling, and, presto! you earn money. Eyeballs bring valuable e-mail addresses, advertising revenue, and e-commerce sales opportunities. Give away something, sell something.
2. Provides for effortless transfer to others
Public health nurses offer sage advice at flu season: stay away from people who cough, wash your hands often, and don't touch your eyes, nose, or mouth. Viruses only spread when they're easy to transmit. The medium that carries your marketing message must be easy to transfer and replicate: e-mail, website, graphic, software download. Viral marketing works famously on the Internet because instant communication has become so easy and inexpensive. Digital format make copying simple. From a marketing standpoint, you must simplify your marketing message so it can be transmitted easily and without degradation. Short is better. The classic is: "Get your private, free email at http://www.hotmail.com." The message is compelling, compressed, and copied at the bottom of every free e-mail message.
3. Scales easily from small to very large
To spread like wildfire the transmission method must be rapidly scalable from small to very large. The weakness of the Hotmail model is that a free e-mail service requires its own mailservers to transmit the message. If the strategy is wildly successful, mailservers must be added very quickly or the rapid growth will bog down and die. If the virus multiplies only to kill the host before spreading, nothing is accomplished. So long as you have planned ahead of time how you can add mailservers rapidly you're okay. You must build in scalability to your viral model.
4. Exploits common motivations and behaviors
Clever viral marketing plans take advantage of common human motivations. What proliferated "Netscape Now" buttons in the early days of the Web? The desire to be cool. Greed drives people. So does the hunger to be popular, loved, and understood. The resulting urge to communicate produces millions of websites and billions of e-mail messages. Design a marketing strategy that builds on common motivations and behaviors for its transmission, and you have a winner.
5. Utilizes existing communication networks
Most people are social. Nerdy, basement-dwelling computer science grad students are the exception. Social scientists tell us that each person has a network of 8 to 12 people in their close network of friends, family, and associates. A person's broader network may consist of scores, hundreds, or thousands of people, depending upon her position in society. A waitress, for example, may communicate regularly with hundreds of customers in a given week. Network marketers have long understood the power of these human networks, both the strong, close networks as well as the weaker networked relationships. People on the Internet develop networks of relationships, too. They collect e-mail addresses and favorite website URLs. Affiliate programs exploit such networks, as do permission e-mail lists. Learn to place your message into existing communications between people, and you rapidly multiply its dispersion.
6. Takes advantage of others' resources
The most creative viral marketing plans use others' resources to get the word out. Affiliate programs, for example, place text or graphic links on others' websites. Authors who give away free articles, seek to position their articles on others' webpages. A news release can be picked up by hundreds of periodicals and form the basis of articles seen by hundreds of thousands of readers. Now someone else's newsprint or webpage is relaying your marketing message. Someone else's resources are depleted rather than your own.
Put into practice
"I want to speak to the King of Viral Marketing!"
"Well, I'm not the King," I demurred. "I wrote an article about viral marketing a few months ago, but that's all."
"I've searched all over the Internet about viral marketing," he said, "and your name keeps showing up. You must be the King!."
It worked! Even five years later this webpage is ranked #1 for "viral marketing."
Wednesday, March 25, 2009
My Technology Predictions for 2009
- 1. Content is king, contacts are queen.
- 2. Media will all be focusing more on monetization of (sometimes: hidden) digital assets.
- 3. Subscription models for premium features and services will blossom.
- 4. Filesharing will, in all kinds of disguises, remain a main driver of social media’s success.
- 5. The most successful communities and social media that don’t have a sustainable revenue model can be acquired relatively cheaply.
- 6. Big American communities will focus on monetizing non U.S. traffic.
- 7. Identity portability (as in single sign-on) and profile portability will be war grounds.
- 8. More traditional media will all have to implement strategies on how to aggregate content from social softwares and social media.
- 9. Therefore traditional media have to build partnership strategies for the technologies and services they can’t or dare not develop themselves.
- 10. Aggregation services require (better) filtering technologies.
- 11. Almost all media can increase traffic and stickiness by integrating (better) communication tools.
- 12. Content, features and services will become more and more location aware.
- 13. More things we do over IP must fit “all screens”.
- 14. Media that help advertisers to target better, and to optimise results, will thrive.
- 15. RSS will play a more important role in all kinds of content distribution and aggregation.
- 16. RSS will e.g. be seamlessly integrated in all kinds of aggregation models for social media and in (multimedia) advertising models.
- 17. Personal (live) video (mainly through mobile2web) will gain popularity.
- 18. Social networking goes mobile.
- 19. M-commerce will soar.
- 20. App stores will soar.
- 21. Display advertising will further decrease, except for ads targeted smartly to the affluent.
- 22. Brands will focus more on non-traditional exposure, as in sponsoring, content creation and community building, tool facilitation.
- 23. Advertisers will force media to accept CPA and CPT models above CPM and CPC.
- 24. Business intelligence and analytics will get much more attention.
- 25. Social impact and commitment will become research parameters.
- 26. Technologies that help to optimise online marketing will thrive.
- 27. Me-commerce, social shopping and collaborative buying will grow considerably.
- 28. Online video advertising will gain considerable market share.
- 29. Concerns about online privacy will frustrate full deployment of smart targeting technologies.
- 30. Consumers will demand greener IT from their online information and service providers.