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Archive for the ‘business’ Category


Social Media– It’s Forever

Wednesday, August 25th, 2010

Colbert issues a warning message about social media and job hunting– for the young people

The Colbert Report Mon – Thurs 11:30pm / 10:30c
The Word – Control-Self-Delete
www.colbertnation.com
Colbert Report Full Episodes 2010 Election Fox News


Miley’s Move

Saturday, July 10th, 2010

Much has been written about Miley Cyrus and her recent change to distance herself from her Hannah Montana character. It was ta terrible idea as the New York Times points out today.

So last month, when Ms. Cyrus released her post-adolescent anthem, “Can’t Be Tamed,” her once-adoring fan was unimpressed, unmoved by, among other things, the singer’s sexy music video.

“It was weird,” Perry said of Ms. Cyrus’s bird wings and black ribbon corset. “I feel like she acts 25. She looks so old. She is too old for herself.” She, like others her age, has had enough. First-week album sales for the more adult “Can’t Be Tamed” tallied a mere 102,389, according to Nielsen SoundScan, which tracks music sales. That was 72 percent less than her 2008 solo debut, “Breakout,” and 33 percent less than last year’s “Time of Our Lives,” both of which were popular with teenagers.

Readers of my book will recognize this failure to be utterly predictable.  Ms. Cyrus and her strategists should never have equated sexuality with maturity.  Kids are generally alienated by the quantity of sex in their media. The movement to conservatism continues on the young end.  Not only can Taylor Swift sing better– her style is more on pitch as well.


On Nestle

Friday, March 19th, 2010

Everyone who blogs about marketing and media should write about the Nestle issue. There can not be enough written about this. (Some good things here, here and here .)

Why?

Because its get to the root of social media and big business. The very value of social media. Nestle is getting hammered and guess what? They deserve it. Ya wanna know what else? They’ll be the better for the lickin’ they are taking.

Still one has to wonder how it is that a billion dollar conglomerate who sells fructose as baby formula figures its a good idea to go out into social media without hiring help. Cheese on a Ritz fellas, who walks out on stage in a stadium without practicing?

So there it is– we all owe a huge smattering of thanks to the corp comm geniuses at Nestle for doing the social media thing and showing everyone how not to do it.

Here’s what I learned:

If you are a gigantic food processing or agro-business –STFU. Seriously. You’re only asking for trouble. You want to defend high fructose corn syrup in moderation or the benefits of genetically modified grain? Go buy a congressman like the rest of your buds.

If you’re still not convinced that you are better staying out of the conversation, or somehow still feel the need to leverage this great new form of media, try fixing your Wikipedia page. See, not so easy is it? Once you master that community, you’re ready for twitter and a solid monitoring program. Got that box checked? Well then, by all means, go ahead and jump in people’s facebook streams. I love getting updates about sustainable palm oil refining next to updates from my sister-in-law. That’s sarcasm. Go slow and consider the community you are entering. Some places are best left unattended until you are ready.

I suspect Nestle would like to step away from Facebook, but of course, now its too late. Leaving would make them look weak and guilty. So now they must endure the slings and arrows of the great unwashed. Certainly Nestle has come to realize that no one can talk over an angry mob. Maybe now Nestle will listen.

Because that’s the thing: I’m not sure social media is so much about about letting go of your brand or even transparency. To me, it’s more about listening. Yes, listening effectively is often more expensive than running your yap. This is the trap of social media for so many businesses. They are so used to talking, and since that’s easier and less expensive than listening, “how hard can it be?” they ask themselves. Then they wind up blog fodder like Nestle.

Listening correctly, a business the size of Nestle can save millions of dollars in market research. By listening respectfully they could uncover the weaknesses in their oppositions’ arguments. If they listen deeply they might find a way to do well by doing good. It’s a myth that people hate big business. People hate dumb big businesses. Being dumb in social media is way more expensive than just being quiet.

In related news Ryan Seacrest learned the hard way about spoiler alerts on twitter


Trends I’m Watching in 2010

Monday, December 21st, 2009

Small is the new big– The Artisan Movement
In a attempt to get “authentic” Starbucks is “de-branding“. consumers want artisanal zeal from their brands. Wall mart has the price position– every other brand position up for grabs next year. The recession kicked the chessboard.

People talk about “authentic” but words matter, and authentic is the wrong word. “Authentic” is defined by what it isn’t. In a culture full of pre-fab formula, finding something made with passion more than margin becomes more valuable as we value care over quantity. In all things I’m looking for consumers to look for “signs of the hand” to communicate value.

Social Media in the Enterprise
“e-mail is the new snail mail”. It’s really not about Twitter and Facebook in the office. It’s about MindTouch, Yammer and Openfire. In 2010 your employees will do whatever it takes to work faster and smarter. If you don’t provide the tools, your employees will find their own. This creates all kinds of problems, not the least of which is Sarbanes-Oxley compliance. I’m looking at you IT department.

Social Media in Marketing Communications
That’s not to say the marketing department won’t continue to be obsessed with consumers in the social media space. Listening is the new speaking. This is the most radical mindset whipsaw ever. Quit worrying about what to say in social media and start learning to listen and share. Consumers expect you to be as accessible as their friends, but not as chatty. Say something useful, or don’t say anything at all. Advertising better have a call to action or it will be skipped faster than a pizza delivery scene.

Search, groups and filters are critical for listening. Computers still won’t be able to get sentiment. You have to do that work yourself. Saddle up.

Customer collaboration– Everything is beta.
Related to social CRM, ya gotta give to get. The responsibility of prototyping still rests on the enterprise. Customers don’t invent–they react. Test test test. Know that failure is the price of innovation. To get the profit from Innovation as a noun you need to realize the expense of innovation as a verb. You can’t have one without the other. This is a lesson for many wining companies next year

The Cloud –and the Backlash
“The Cloud” is big and with the advent of netbooks and smarter smart phones the cloud is where people are released from the confines of the desk. Cloud apps fail occasionally though, and users REALLY hate that. Business disruption is a cost of entry. The cloud is cheap and smart–it’s not going away despite inevitable setbacks.

SAAS and all it permutations will be all over the news– they have been for years. The difference in 2010 is that small and mid-sized companies will be reliant on them and some robust cloud services will fail for short excruciating bursts of inactivity.

Don’t throw the baby out with the bath water though. Many of us remember email failure in years past. The cloud is here to stay and it will make many knowledge workers more liberated than ever.

The Beginning of Going off the Grid
Just as corporations embrace the social web people will begin to disconnect because it will feel less like fun and more like work. This disconnection will happen slowly and it will be costly and thus an air of snobbery will come with this uncoupling. The exodus will be slow and mostly unnoticed, but it will be happening. MarComm with people that you have no relationship will get even tougher, and metrics even more unreliable as people block behavioral analytics scripts and begin to spend less time on Facebook

This is good news for big/legacy media. Cheap entertainment continues to be useful even as people pay for more content. There will be stimulus for small biz but hiring won’t start until Q4. We’ve had record increases in productivity. It’s easier to invest in productivity technology than people. Count on it.

Location-based gaming will be the exception to this nascent disintegration as people begin to enjoy going out again and sharing their experiences with their peers and friends.


Identity 2.0

Tuesday, November 3rd, 2009

Dick Hardt explains digital identity.


Morgan Stanley’s Look At Internet Trends

Wednesday, October 21st, 2009


The Content Flood

Tuesday, September 29th, 2009

Whatever business you are in, you are also in the content business. There is a lot of competition in the content business.


How Much Data Do You Really Need From A Prospect?

Thursday, August 27th, 2009

From the bright folks at UNmarketing:


What Advertisers Want From Radio

Wednesday, July 29th, 2009

Ad Age has a nice piece on what advertisers want from radio.  Maybe I’m just projecting, but it seems simple enough:

  • Content that enforces the advertisers’ brand benefits
  • Ending the long set of commercials.
  • The ability to leverage the power of personality.

Seems simple enough.  It’s time to end the 60 second commercial and re-enlist talent in the process of marketing the station and its sponsors.  Radio needs to be “break free” and entertain all the time.  Sponsors need to be partners.  The wall between programming and sales has to come down.


Simpsons Worth More On Hulu Than Fox

Thursday, June 25th, 2009

Bloomberg reports:

“Television programs such as “The Simpsons” and “CSI” are for the first time commanding higher advertising rates at Web sites including Hulu.com and TV.com than on prime-time TV.

The premium rates in the just-ended 2008-2009 television season are mainly for shows that rank among the most-watched by Nielsen Co., said David Poltrack, chief research officer at New York-based CBS Corp., which is home to “CSI” and owns TV.com.

Marketers, who are now considering commitments for the 2009-2010 TV season, are willing to pay more because TV.com and Hulu.com, owned by investors including News Corp., NBC and Walt Disney Co., provide committed viewers who actively seek out shows. There are fewer commercials, and consumers are twice as likely to recall Web ads, Poltrack said, citing Nielsen.”

Nathanson, an analyst at Sanford C. Bernstein & Co wrote “A ‘Simpsons’ episode on Hulu has just 37 seconds of ads”. A broadcast episode has nine minutes and produces three times the revenue per viewer at half the price, he estimated.

Remind me why I need cable again.