It may be a little obvious by now that I have neglected to maintain The Digital Think Tank over the past year and for that I am sorry. I have been too busy making sure I don't neglect my clients, my employer and indeed my family and friends!
So on that note, The Digital Think Tank is still very much open for business but will remain content 'lite'. If you feel like following my media musings, social media prognostications and general love of all things digital then please follow me @michaelsjessica and you will find a more content 'heavy' stream of information there - and it will be less 'stream of consciousness' that you have witnessed here...mainly due to the 140 character limit that is placed on us all.
Hope to see you over in Twitter Land....
Showing posts with label digital land. Show all posts
Showing posts with label digital land. Show all posts
Tuesday, August 16, 2011
Monday, January 17, 2011
Augmented Reality....Just For Fun?
There are a lot of fantastic experimental innovative marketing initiatives that are getting tried and tested out in the market place today. I have to admit, I was sceptical when I first heard about augmented reality a few years ago - I almost wrote it off as a fad. However, the following execution from Olympus and this fantastic iPhone iButterfly app launched in Japan last year has proven that augmented reality can be both fun and functional.
Check out these videos below...
Also, for those recently engaged or just want to have fun trying on high -end jewelry check out what Boucheron have recently installed on their website...
https://www.boucheron.com/
Check out these videos below...
Also, for those recently engaged or just want to have fun trying on high -end jewelry check out what Boucheron have recently installed on their website...
https://www.boucheron.com/
Tuesday, October 12, 2010
MediaPost: Why Marketers Shouldn't Give Up On Twitter
Feel free to click on the link above or read the article below...either way it will take you to a little piece that i wrote recently around the need for marketers to persist with Twitter as a branded multi directional communications channel.
Its not an easy platform to get your head around as a brand, and Twitter certainly haven't made it easy for brands to drive revenue from their service - but perhaps this is a good thing. It makes us marketers think creatively, come up with solutions that we may not have done if it had been handed to us on a silver platter. I have to say that's one part of my job I love....finding new ways for brands to become part of a useful and profitable value exchange with their customers and prospects.
Would love to know your thoughts/comments on this article. Cheers!
MediaPost: Why Marketers Shouldn't Give Up On Twitter
There has been much debate recently about whether or not Twitter is a meaningful tool for brands.
But there's no doubt that consumers and marketers are having real, two-way conversations through Twitter that are producing measurable results for brands like Dell and Best Buy. Consumers want to communicate with brands -- and with the recent proliferation of participatory digital platforms, access to them and other consumers is easier than ever before.
Beyond a doubt, social media is now mainstream. Facebook, just over six years old, recently hit 500 million users. To appreciate just how fast that is, consider that it took radio 38 years to reach 50 million users and broadcast TV 13 years to reach that same number. Marketers are recognizing social media's value and putting more money toward it: Borrell Associates predicts that worldwide social network ad spending will increase 68% from $4 billion in 2009 to $7.5 billion in 2010, and continue to grow every year to about $38 billion by 2015.
But connecting with consumers using social media means more than just posting an advertisement on YouTube, updating a Facebook status or keeping a corporate Twitter account current. Marketers must utilize these platforms strategically and focus more on relevant content creation and less on interruptive messaging. Dell and Best Buy, for example, have found success on Twitter and other social media by being genuinely interested in and responsive to consumer input.
Dell began using Twitter in 2007 as a cost-efficient way to advertise deals from Dell Outlet, which sells refurbished equipment. But Dell soon noticed that consumers embraced the Twitter account as a direct link to the company, using it to ask questions, register complaints and praise. So Dell broadened its Twitter approach, using it as a forum for listening, not just pushing out messages.
Today, Dell has more than 80 Dell-branded Twitter accounts that offer everything from videos of new technologies to promotions for Asia-Pacific customers. Not only has Dell's presence built brand loyalty, it has helped the company's bottom line: Dell has booked more than $3 million in revenue attributable to its Twitter posts, according to Twitter101 CaseStudies.
Best Buy has leveraged Twitter just as effectively via the Twelpforce page -- a digital take on the blue-shirted members of Best Buy's Geek Squad and technical support service. Members of the Geek Squad and corporate employees staff Best Buy's @twelpforce account, fielding questions from consumers using an @reply to the customer. Best Buy has employees tag their tweets with #twelpforce, sending the answer through the @twelpforce account and allowing anyone searching the feed to find topics of interest.
According to Twitter101 CaseStudies, the Twelpforce has provided over 19,500 answers to customer inquiries, over 2,300 Best Buy employees have signed up to answer questions, and complaints to Best Buy were reduced by 20% in the first year of the Twelpforce program.
These are just a couple of notable examples of strategic use of social platforms to deliver against the objectives of a marketing campaign. As these illustrate, connecting with consumers via new and popular media like Twitter can deliver customer- and investor- pleasing results: Dell attributes more than $3 million in revenue to its Twitter activity and Best Buy reduced consumer complaints by 20% in the @Twelpforce program.
To be sure, some marketers are taking advantage of social media's potential: 22.4% of B2B marketers and 24.6% of B2C marketers globally are using Twitter successfully to drive sales by linking to companies' promotional webpage's as well as helping to boost SEO rankings.
To take that activity to a higher level, as Dell did, requires investment in exploring the medium's potential, creativity, and a commitment to creating and optimizing content that will fulfill your customers' needs and spark a dialogue.
Given the relatively low cost of establishing accounts on Twitter and other social media outlets, sales driven from these platforms can result in low cost per acquisition and high return on investment. Certainly, a worthy investment.
by Jessica Michaels, October 12th, 2010
Its not an easy platform to get your head around as a brand, and Twitter certainly haven't made it easy for brands to drive revenue from their service - but perhaps this is a good thing. It makes us marketers think creatively, come up with solutions that we may not have done if it had been handed to us on a silver platter. I have to say that's one part of my job I love....finding new ways for brands to become part of a useful and profitable value exchange with their customers and prospects.
Would love to know your thoughts/comments on this article. Cheers!
MediaPost: Why Marketers Shouldn't Give Up On Twitter
There has been much debate recently about whether or not Twitter is a meaningful tool for brands.
But there's no doubt that consumers and marketers are having real, two-way conversations through Twitter that are producing measurable results for brands like Dell and Best Buy. Consumers want to communicate with brands -- and with the recent proliferation of participatory digital platforms, access to them and other consumers is easier than ever before.
Beyond a doubt, social media is now mainstream. Facebook, just over six years old, recently hit 500 million users. To appreciate just how fast that is, consider that it took radio 38 years to reach 50 million users and broadcast TV 13 years to reach that same number. Marketers are recognizing social media's value and putting more money toward it: Borrell Associates predicts that worldwide social network ad spending will increase 68% from $4 billion in 2009 to $7.5 billion in 2010, and continue to grow every year to about $38 billion by 2015.
But connecting with consumers using social media means more than just posting an advertisement on YouTube, updating a Facebook status or keeping a corporate Twitter account current. Marketers must utilize these platforms strategically and focus more on relevant content creation and less on interruptive messaging. Dell and Best Buy, for example, have found success on Twitter and other social media by being genuinely interested in and responsive to consumer input.
Dell began using Twitter in 2007 as a cost-efficient way to advertise deals from Dell Outlet, which sells refurbished equipment. But Dell soon noticed that consumers embraced the Twitter account as a direct link to the company, using it to ask questions, register complaints and praise. So Dell broadened its Twitter approach, using it as a forum for listening, not just pushing out messages.
Today, Dell has more than 80 Dell-branded Twitter accounts that offer everything from videos of new technologies to promotions for Asia-Pacific customers. Not only has Dell's presence built brand loyalty, it has helped the company's bottom line: Dell has booked more than $3 million in revenue attributable to its Twitter posts, according to Twitter101 CaseStudies.
Best Buy has leveraged Twitter just as effectively via the Twelpforce page -- a digital take on the blue-shirted members of Best Buy's Geek Squad and technical support service. Members of the Geek Squad and corporate employees staff Best Buy's @twelpforce account, fielding questions from consumers using an @reply to the customer. Best Buy has employees tag their tweets with #twelpforce, sending the answer through the @twelpforce account and allowing anyone searching the feed to find topics of interest.
According to Twitter101 CaseStudies, the Twelpforce has provided over 19,500 answers to customer inquiries, over 2,300 Best Buy employees have signed up to answer questions, and complaints to Best Buy were reduced by 20% in the first year of the Twelpforce program.
These are just a couple of notable examples of strategic use of social platforms to deliver against the objectives of a marketing campaign. As these illustrate, connecting with consumers via new and popular media like Twitter can deliver customer- and investor- pleasing results: Dell attributes more than $3 million in revenue to its Twitter activity and Best Buy reduced consumer complaints by 20% in the @Twelpforce program.
To be sure, some marketers are taking advantage of social media's potential: 22.4% of B2B marketers and 24.6% of B2C marketers globally are using Twitter successfully to drive sales by linking to companies' promotional webpage's as well as helping to boost SEO rankings.
To take that activity to a higher level, as Dell did, requires investment in exploring the medium's potential, creativity, and a commitment to creating and optimizing content that will fulfill your customers' needs and spark a dialogue.
Given the relatively low cost of establishing accounts on Twitter and other social media outlets, sales driven from these platforms can result in low cost per acquisition and high return on investment. Certainly, a worthy investment.
by Jessica Michaels, October 12th, 2010
Monday, July 26, 2010
Fortune Brainstorm:TECH 2010
Just got back from Aspen after a fantastic Fortune Magazine Brainstorm: TECH 2010 conference.
Brainstorm: TECH is a gathering of the world's top technology and media leaders, entrepreneurs, innovators, and visionaries who come together to explore the trends that are changing the future of business.
We were given digital media prognostications from industry leaders such as Irving Azoff of Live Nation, Bobby Koitck from Activision Blizzard and Irwin Gotlieb from GroupM. We also attended or participated in deep dives around key topic areas such as "Hyperpersonalization" and "Mobile Advertising". The panel I spoke on "Building Brands Online" was a lively discussuion with co panelists Tom Bedecarre, Chris DeWolfe, Brian McAndrews, Barry Salzman, Mike Volpi and moderated by Wes Nichols.
More to come from Brainstorm TECH, so watch this space....
Brainstorm: TECH is a gathering of the world's top technology and media leaders, entrepreneurs, innovators, and visionaries who come together to explore the trends that are changing the future of business.
We were given digital media prognostications from industry leaders such as Irving Azoff of Live Nation, Bobby Koitck from Activision Blizzard and Irwin Gotlieb from GroupM. We also attended or participated in deep dives around key topic areas such as "Hyperpersonalization" and "Mobile Advertising". The panel I spoke on "Building Brands Online" was a lively discussuion with co panelists Tom Bedecarre, Chris DeWolfe, Brian McAndrews, Barry Salzman, Mike Volpi and moderated by Wes Nichols.
More to come from Brainstorm TECH, so watch this space....
Tuesday, June 1, 2010
Surrealism and Social Media
Surrealism changed my view of the world. I was first introduced to Surrealism around 14 years of age by my art history teacher. She took us through the Dada and Surrealist movements in great detail and took care in pointing out all the symbolism and meaning behind those magic masterpieces.
Some of the paintings that had maximum impact on me were The Lovers and Son of Man by Magritte and the Persistence of Time and Metamorphosis Of Narcissus by Dali.
I loved the exploration and discovery that would take place when we were introduced to a new painting. The questions that would be asked such as; Why is the clock melting? What does the apple mean? Why do those people in the paintings have cloths over their heads? Sometimes our teacher would have the answer and sometimes not, but I often preferred to derive my own meaning from the painting and allow my imagination to run wild. Wonderful stuff.
When the Surrealist Manifesto(s) was written by Andre Breton, in collaboration with other writers and artists of that time, their main philosophy was based around the fact that rational thought was, by in large, the source of all problems in the world and that change would only occur through the shedding of the rational mind and leveraging the subconscious. The Manifesto(s) delved deeper into that philosophy with the idea that simple, everyday things, objects etc could have deeper meaning when viewed within the subconscious.
As with all art movements Surrealism was no doubt and expression of a period in time and a rebellion against the status quo. It asked, above all else, to look at the world a little differently and allow yourself to question why and how you have always viewed the world and the things within it. Perhaps, it challenged, you could solve a problem though approaching that problem from a different angle.
Although I am not suggesting that Social Media or indeed Digital Media is by any means an artistic movement – although I have heard some people argue that point well – I do believe we are at a moment in time where we are finding ourselves challenging the status quo and finding solutions to problems by approaching a problem from a different and usually, more creative angle.
Creating something beautiful, engaging, shocking even is needed today in order to get attention. I think that Social Media and the plethora of tools and technologies that now exist provide us with carte blanch to paint a brands picture on the digital canvas a little differently. A strong Social Media strategy with deep creative integration can take a brand from the mundane and forgettable to the extraordinary and remarkable. Being less prescriptive and allowing discovery and interpretation to happen a little more subconsciously is a hugely powerful movement that is swiftly picking up speed.
Monday, March 22, 2010
@Zara78
As a digital media strategist statistics are always going to get me a little bit excited - especially those pertaining to my own social relevancy. TweetStats is a neat little tool which lets you track - for free - your twitter profile statistics. (See examples below) It has great charts and word clouds to visualize and report on your Twitter activity, and although it is not as sophisticated as some of the proprietary tools available in the market, it definitely does a good job for analysing your own social currency when it comes to Twitter.
By the way - my twitter handle is @zara78 so follow me...and i will follow you!
By the way - my twitter handle is @zara78 so follow me...and i will follow you!
Thursday, January 21, 2010
2009 Agency Innovator of the Year
I realise it's a little late to be updating my blog for the first time in 2010 on Jan 21st, however already 2010 is shaking out to be a pretty busy year. Many of my clients who in 2009 were still a little hesitant about exploring the possibilities that social and emerging media can provide, have in 2010, no doubt in their minds. An exciting and somewhat daunting process as we ramp up on resources and look for great partners to work with.
Innovation is going to be one of my keyword mantras for 2010 and I promise to post regularly on all things innovative, cool, exciting and new in the digital space. In the meantime check out a pretty cool magazine that really focuses on driving innovation within the global media industry. The Internationalist Magazine. I was fortunate enough to be named one of their Agency Innovators in 2009 and if your interested in reading the bios of all the named innovators click on the above link. As always, would love to know your thoughts and feedback on innovation - what do you think is the next big thing in digital?
Monday, November 16, 2009
Canada Media Day
Had a great couple of days in Toronto last week at the Canadian Media and Digital Conference. I presented the 'Evolution of Media' on behalf of GroupM / mediaedge:cia which was somewhat of a prognostication on the state of industry and the trends that will define us over the next couple of years.
I really enjoyed MediaVest's Brian Terkelsen's "Effective Product Integration" presentation and it was good to see that all of us speakers were singing to the same tune: creative, media, data and technology all need to be integrated work streams in order for companies and their agencies to be successful in their marketing endeavors.
If you were there, I would love to know your thoughts on the day and the content of the event...
I really enjoyed MediaVest's Brian Terkelsen's "Effective Product Integration" presentation and it was good to see that all of us speakers were singing to the same tune: creative, media, data and technology all need to be integrated work streams in order for companies and their agencies to be successful in their marketing endeavors.
If you were there, I would love to know your thoughts on the day and the content of the event...
Monday, October 19, 2009
Canadian Marketing Week
Looking forward to speaking at Canadian Marketing Week next month. I am speaking on the Evolving Media Landscape and how we - all those involved marketing today - are being affected by this change. You can read more about the Digital Day and Awards Ceremony at the CMA Website. Let me know if you will be there and feel free to follow me on twitter as I will be tweeting from the event. My handle is @zara78
Friday, July 24, 2009
THE FRIENDSHIP PAYOFF: UNLOCKING NEW VALUE IN SOCIAL NETWORKS
Phenomenal three days at Fortune Brainstorm: TECH. The panel I sat on was called THE FRIENDSHIP PAYOFF: UNLOCKING NEW VALUE IN SOCIAL NETWORKS. Thanks to Chris Peacock from CNNMoney who did a great job at chairing the panel as well as my fellow panelists: Gina Bianchini, co-founder and CEO of Ning; Chamath Palihapitiya, vice president of user growth, mobile, and international expansion at Facebook; Deep Nishar, vice president of products at LinkedIn.
Fortune did a great job in bringing in some of the biggest decision makers today in the industry verticals of entertainment and technology. The conversation was lively, and the debates both engaging and insightful. I will definitely be going again next year.
Were you there? If so - would love to know what you thought of Brainstorm?
Fortune did a great job in bringing in some of the biggest decision makers today in the industry verticals of entertainment and technology. The conversation was lively, and the debates both engaging and insightful. I will definitely be going again next year.
Were you there? If so - would love to know what you thought of Brainstorm?
Wednesday, July 22, 2009
The Q & A - World of Warcraft
The form of this blog is Q and A - i may wax lyrical about a certain topic / issue / person close to my heart, however its a digital think tank for a reason and I like the Q & A form for this blog immensely. So the question I will leave you with today and i would love to know your thought is around very recent news release that Sam Raimi, famed director of the blockbuster Spider-Man series, has signed on to bring the forces of the Horde and the Alliance to life on the big screen in the upcoming live-action film based on the World of Warcraft universe.
This is so interesting to me as many games have tried - some successfully Peter Jacksons Lord of the Rings for example and some not so successfully - Street Fighter, Super Mario Bros - to take games to the big screen and I will be deeply interested to see how successful the transition is for such an intense, core MMORPG game. With 11.5 million subscribers - who are devoted to the cause - there is a guaranteed massive opening weekend - but will Raimi be able to deliver against what will be extremely high expectations from such a devoted fan base? Time will tell. What do you think?
This is so interesting to me as many games have tried - some successfully Peter Jacksons Lord of the Rings for example and some not so successfully - Street Fighter, Super Mario Bros - to take games to the big screen and I will be deeply interested to see how successful the transition is for such an intense, core MMORPG game. With 11.5 million subscribers - who are devoted to the cause - there is a guaranteed massive opening weekend - but will Raimi be able to deliver against what will be extremely high expectations from such a devoted fan base? Time will tell. What do you think?
Fortune Brainstorm:TECH
In Pasadena, California for Fortune Magazines Brainstorm session based around the Tech industry. Will be participating on a panel tomorrow titled The Friendship Payoff: Unlocking the new value in social networks - which i am really looking forward too. Will update you with more on this conference over the next couple of days.
Monday, March 30, 2009
Social Networks are like the Manhattan Bar Scene
Social Networks are like the Manhattan Bar Scene - well at least that is how it looks from the outside looking in on this fickle internet world. Myspace is not cool anymore - as Social Media Expert so 'expertly' put it " Todays cultural icon is tomorrows passing fad". Sad, but true.
Facebook is receiving a lot of love in the social media headlines and Twitter is the latest and greatest. There are so many more up and coming bars...ahem...digital social platforms... that the moment I write about them here, they may already be irrelevant.
So how does a brand figure out what works for them now? How do they remain relevant? How do they know they are lining up outside the coolest bar in town ready and willing to pay their entrance fee? The short answer is they don't. The longer response takes us down the path of marketer responsibility. I have said this a few times before, but why do so many brands place their IP into their agencies hands? Why do marketers in these organizations not wish to take their brands public perception into their own hands? There are a plethora of reasons as to why this happens, but going forward, in a recession no less, i think we will see brand managers, marketers and co making sure they, along with their agencies, know the right bar to visit on a Saturday night as well as the right publisher to spend their money with. Who that will be in 6 months time remains to be seen....
Facebook and Twitter are currently the bars, sorry publishers, of choice for many brands... what's yours?
Facebook is receiving a lot of love in the social media headlines and Twitter is the latest and greatest. There are so many more up and coming bars...ahem...digital social platforms... that the moment I write about them here, they may already be irrelevant.
So how does a brand figure out what works for them now? How do they remain relevant? How do they know they are lining up outside the coolest bar in town ready and willing to pay their entrance fee? The short answer is they don't. The longer response takes us down the path of marketer responsibility. I have said this a few times before, but why do so many brands place their IP into their agencies hands? Why do marketers in these organizations not wish to take their brands public perception into their own hands? There are a plethora of reasons as to why this happens, but going forward, in a recession no less, i think we will see brand managers, marketers and co making sure they, along with their agencies, know the right bar to visit on a Saturday night as well as the right publisher to spend their money with. Who that will be in 6 months time remains to be seen....
Facebook and Twitter are currently the bars, sorry publishers, of choice for many brands... what's yours?
Wednesday, March 11, 2009
Market To The Max
Im on a panel titled Getting Results from Social Media – Success Stories & Proven Tactics from Leading Digital Experts. Thanks to the brilliant Blake Cahill from Visible Technologies who has helped to bring myself and fellow panelists together to disucss such a timely topic.
If you are in seattle and can make it down today please do. Details can be found at: http://www.markettothemax.com/
Getting Results from Social Media – Success Stories & Proven Tactics from Leading Digital Experts
Twitter, Podcasting, Facebook, Online Video, Blogging – it’s enough to make a marketers head swim. Join us as our panel of experts and practitioners explain the latest in social media, and what’s really working.
Moderator: Blake Cahill, Visible Technologies
Panelists: Sean O’Driscoll, Ant’s Eye View
Jessica Michaels, Wunderman
Stephen Rose, Microsoft
Lisa Coffey, Google
If you are in seattle and can make it down today please do. Details can be found at: http://www.markettothemax.com/
Getting Results from Social Media – Success Stories & Proven Tactics from Leading Digital Experts
Twitter, Podcasting, Facebook, Online Video, Blogging – it’s enough to make a marketers head swim. Join us as our panel of experts and practitioners explain the latest in social media, and what’s really working.
Moderator: Blake Cahill, Visible Technologies
Panelists: Sean O’Driscoll, Ant’s Eye View
Jessica Michaels, Wunderman
Stephen Rose, Microsoft
Lisa Coffey, Google
Saturday, February 7, 2009
The Ultimate Agency
I usually don't do a straight up cut and paste but this article really struck a chord with me. This is an issue both client and agency folks alike are trying to grapple with right now...and ultimately, the ultimate agency will have to possess all of the skills sets stated below.Small scrappy boutique agencies who have to be master of all - not jack of one - are getting it right. The bigger agencies are struggling...big is going to have to learn how to be small again.
Tuesday, February 3, 2009
The Future Agency Of Record Will Be Social
By Joe Marchese
There is a quite battle raging in the advertising industry over who will become the Agency of Record (AOR) for marketers' social media efforts. With traditional media for delivering advertising declining in reach and effectiveness, and an even greater call for advertising efficiency in a down economy, becoming a marketer's social media AOR can be a huge win and provide a map to a much-needed new business model and revenue stream for agencies.
Further complicating matters, as technology improves and the proliferation of social networks continue, all media will eventually be considered social media. So those agencies that win the title of social media AOR today, may very well simply evolve into a marketer's overall AOR, acting as the central point of all of a client's marketing initiatives.
The battle for the social media AOR title is even crossing what was once well-defined lines within the advertising industry. It seems to make just as much sense that a marketer's social media initiatives are handled by a public relations agency as it does to enlist a media buying agency. Maybe the creative agency is the right lead for social media efforts? Would it be better to have a small company focused on social media in its DNA, or a holding company, with its expansive resources? All seem viable, and all likely are. It will come down to who can evolve to meet the demands of stewarding a client's social media efforts. Here is a brief look some of the players and what makes them a potential fit as social media AOR:
PR - Because success in social media is more "earned media" than "paid media" -- and isn't earned media what great PR companies deliver? It is obvious to nearly every advertiser that to be effective they need to be in people's social content, rather than simply being placed next to people's social content. It's like the difference between being covered by the New York Times vs. buying an ad in the Times. Buying ads is just fine, and there will be a place for it, but it's not the holy grail.
Media Agencies - Because "free media" is a bigger fairy tale than unicorns. There will be significant capital outlay to earn people's attention in social media, which will need to be spread across various social media vendors and creative partners. It will be incredibly important to track real costs and measure ROI.
Creative Agencies - Because nothing is more important in social media than the idea and execution. With bought media, marketers were at least guaranteed reach even for bad ideas and bad execution; with social media, bad ideas and bad executions are over before they start. Additionally, social media is going to demand creative iteration and evolution based on real-time consumer feedback.
Research/Consultancies - Because "listen to the consumers" is the buzz phrase of choice for good reason. Social media provides as much, if not more, value as a way to listen to people's needs and wants. Marketers can finally have the one-to-one relationship they have been looking for and do a better job of creating and distributing products people want. They just need a way to hear people, and be heard, through all of the noise.
Independent Focused Agencies - Because managing social media efforts requires not only a unique skill set, but a unique relationship between a client and its social media agency. Independent agencies focused on social media have the advantage of structuring their offerings, relationships and organization to maximize return on a client's social media initiatives.
Holding Companies - Because if you think about it for a second, they have all of the above, all of the pieces of the puzzle; fitting them together seems to be the tricky part. But if the holding companies can pull from their various resources to provide an overarching social media solution, it might be hard to compete with them.
Search Engine Marketing Agencies - Because their DNA is based on the type of ongoing, iterative relationships (re: partnerships) necessary to allow success in social media. SEM firms redefined ROI for marketing initiatives, and while social isn't search, it's not broadcast, either.
In the long run, marketers will need agencies that possess all of the above skill sets -- or at least one agency proficient in coordinating a seamless effort across all of the disciplines required to activate their brands in social media.
Tuesday, February 3, 2009
The Future Agency Of Record Will Be Social
By Joe Marchese
There is a quite battle raging in the advertising industry over who will become the Agency of Record (AOR) for marketers' social media efforts. With traditional media for delivering advertising declining in reach and effectiveness, and an even greater call for advertising efficiency in a down economy, becoming a marketer's social media AOR can be a huge win and provide a map to a much-needed new business model and revenue stream for agencies.
Further complicating matters, as technology improves and the proliferation of social networks continue, all media will eventually be considered social media. So those agencies that win the title of social media AOR today, may very well simply evolve into a marketer's overall AOR, acting as the central point of all of a client's marketing initiatives.
The battle for the social media AOR title is even crossing what was once well-defined lines within the advertising industry. It seems to make just as much sense that a marketer's social media initiatives are handled by a public relations agency as it does to enlist a media buying agency. Maybe the creative agency is the right lead for social media efforts? Would it be better to have a small company focused on social media in its DNA, or a holding company, with its expansive resources? All seem viable, and all likely are. It will come down to who can evolve to meet the demands of stewarding a client's social media efforts. Here is a brief look some of the players and what makes them a potential fit as social media AOR:
PR - Because success in social media is more "earned media" than "paid media" -- and isn't earned media what great PR companies deliver? It is obvious to nearly every advertiser that to be effective they need to be in people's social content, rather than simply being placed next to people's social content. It's like the difference between being covered by the New York Times vs. buying an ad in the Times. Buying ads is just fine, and there will be a place for it, but it's not the holy grail.
Media Agencies - Because "free media" is a bigger fairy tale than unicorns. There will be significant capital outlay to earn people's attention in social media, which will need to be spread across various social media vendors and creative partners. It will be incredibly important to track real costs and measure ROI.
Creative Agencies - Because nothing is more important in social media than the idea and execution. With bought media, marketers were at least guaranteed reach even for bad ideas and bad execution; with social media, bad ideas and bad executions are over before they start. Additionally, social media is going to demand creative iteration and evolution based on real-time consumer feedback.
Research/Consultancies - Because "listen to the consumers" is the buzz phrase of choice for good reason. Social media provides as much, if not more, value as a way to listen to people's needs and wants. Marketers can finally have the one-to-one relationship they have been looking for and do a better job of creating and distributing products people want. They just need a way to hear people, and be heard, through all of the noise.
Independent Focused Agencies - Because managing social media efforts requires not only a unique skill set, but a unique relationship between a client and its social media agency. Independent agencies focused on social media have the advantage of structuring their offerings, relationships and organization to maximize return on a client's social media initiatives.
Holding Companies - Because if you think about it for a second, they have all of the above, all of the pieces of the puzzle; fitting them together seems to be the tricky part. But if the holding companies can pull from their various resources to provide an overarching social media solution, it might be hard to compete with them.
Search Engine Marketing Agencies - Because their DNA is based on the type of ongoing, iterative relationships (re: partnerships) necessary to allow success in social media. SEM firms redefined ROI for marketing initiatives, and while social isn't search, it's not broadcast, either.
In the long run, marketers will need agencies that possess all of the above skill sets -- or at least one agency proficient in coordinating a seamless effort across all of the disciplines required to activate their brands in social media.
Thursday, November 6, 2008
Social Networking is Like Real Estate
A good friend of mine who works in 'digital land' made the most fantastic observation yesterday. She said
People pick places to live for very different reasons....some choose location, some choose to be near their friends and family, some make decisions based on cost - cheaper to locate to an "up and coming area" than to the pricer, older, already developed locations. Others do it because they just "fell in love" with the place.
I am sure by now you are seeing where i am going with this. After my recent experience with Myspace I can safely say that Facebook is the "neighbourhood" i would like ( my clients!) to live in. The Myspace Neighbourhood needs to clean up a little first, build better infrastructure, and be a little more neighborly before I consider investing!!
...Facebook is the neighbourhood that I want (my brand) to live in!.She likened this social platfrom to a piece of land, or a house, within a neighborhood that she would want to live and invest in.
People pick places to live for very different reasons....some choose location, some choose to be near their friends and family, some make decisions based on cost - cheaper to locate to an "up and coming area" than to the pricer, older, already developed locations. Others do it because they just "fell in love" with the place.
I am sure by now you are seeing where i am going with this. After my recent experience with Myspace I can safely say that Facebook is the "neighbourhood" i would like ( my clients!) to live in. The Myspace Neighbourhood needs to clean up a little first, build better infrastructure, and be a little more neighborly before I consider investing!!
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