Welcome to The Friday Five, curated reads about marketing, advertising and digital media from the team at @MediaWhizLLC. Read previous Friday Five posts here.
The New Algorithm of Web Marketing | The New York Times In digital advertising, that formula is being increasingly tested by fast-paced, algorithmic bidding systems that target individual consumers rather than the aggregate audience publishers serve up. In the world of “programmatic buying” technologies, context matters less than tracking those consumers wherever they go.
The Original Social Networker? Your Insurance Agent| Advertising Age Here’s an interesting thought: your insurance agent may be the most natural social networker you know. Why not? As this Advertising Age op-ed notes, insurance agents were educating clients, investing in long-term relationships and growing their businesses through word-of-mouth referrals long before social, mobile and digital technologies existed.
Online Marketing At The Crossroads Of Nature And Nurture| CMO.com I’m sure you have been a party to animated debates about nature vs. nurture in the context of psychology. But how about as it relates to customer behavior and marketing? Nature, as I understand it, is the behavior that occurs without coaching. Nurture equates to behaviors that are learned. As marketers, our work falls somewhere between these two–understanding natural shifts in consumer behavior and shaping behaviors to achieve our end goal: engaging and selling to consumers. (more…)
It’s easy to forget that Twitter isn’t a one-size-fits-all communications channel. What works for one brand isn’t necessarily the right strategy for another. That observation may seem obvious but tends to get lost amidst the various case studies of success that frequently capture marketers’ attention.
Every brand is distinctive. Its digital and social media marketing strategy needs to be customized in a way that matches its unique marketing needs and customer peculiarities.
I bring this up after reading a post in All Twitter last week by Percolate Brand Strategist Kunur Patel in which she advocates that brands tweet more often in order to acquire “millions of followers.” She uses @WholeFoods and its three-million-plus Twitter followers and multiple humorous and interesting tweets each day as a brand exemplifying that strategy.
Any brand can acquire thousands, if not millions of followers. But unless that effort fits within the ethos of the brand it has little value to its overall marketing strategy.
Tweeting all day for a brand like Whole Foods makes sense but it is not a holistic social media marketing strategy. Most brands do not benefit from tweeting that often. (more…)
It’s official. Facebook clocked its one-billionth active user this week. CEO Mark Zucerkberg announced the historic figure in a characteristically brief blog post. Since its launch in 2004, Facebook users have produced 1.13 likes, 140.3 billion friend connections and uploaded 219 billion photos. Most astonishing is that 600 million people access Facebook via a mobile device, putting the company’s mobile advertising struggles into sharp focus.
If marketers learned anything from this year’s Advertising Week it is that native ads — in-stream digital ads delivered in the same wrapper as the content they accompany — will be the hot topic of discussion — and controversy — in 2013. But as MediaPost columnist George Simpson writes, the announcement this week that NBC News will join the likes of Forbes.com in encouraging advertisers to develop advertorial content for its digital platforms that looks and reads like editorial pieces is a slippery slope, not only for the media brand but for the advertiser, too. (more…)
MediaWhiz and its sister agency, Ryan Partnership, co-hosted a Social Media Week Chicago panel Sept. 28, 2012. The panel, titled, “What the Social Media Hype Cycle Means for Brands,” examined how the Social Media Hype Cycle impacts brand marketing, social media and social advertising.
The Social Media Hype Cycle is a term and theory Steve Goldner, senior director of social media at MediaWhiz and Ryan Partnership, developed to help explain the rise and fall of social media channels and networks and their business value to brands.
MediaWhiz and its sister agency, Ryan Partnership, co-hosted a Social Media Week Chicago panel Sept. 28, 2012. The panel, titled, “What the Social Media Hype Cycle Means for Brands,” examined how the Social Media Hype Cycle impacts brand marketing, social media and social advertising. The Social Media Hype Cycle is a term and theory Steve Goldner, senior director of social media at MediaWhiz and Ryan Partnership, developed to help explain the rise and fall of social media channels and networks and their business value to brands.
Below is the presentation from that panel. | Download
It’s no secret that there are a lot of bad mobile ads out there. From poor creative to brands not realizing that a consumers’ tiny smartphone screen isn’t the best place to use detailed copy in an ad, the number of bad mobile ads seems outweigh the good ones. But as this Wall Street Journal article examines, those characteristics are starting to change. Marketers are learning more about how to work around the “fat finger effect” that afflicts smartphone users. And they are also tailoring their mobile ads specifically for users of different smartphones, rather than just scaling them to size.
Despite prognostications from naysayers suggesting otherwise, budgets for social media marketing are on the rise, with both B2B and B2C marketers proving they have generated leads and sales from their social outreach, according to eMarketer.
“CEOs should accept that social media is part of their job description.” That’s the prognosis of this Wall Street Journal analysis of Twitter use by Fortune 500 CEOs. Despite having been around for more than five years, some CEOs still don’t see the value of Twitter or are leery of using the social network. But in an era when consumers expect transparency from brands and their executives, those fears may be misplaced and potentially damaging to a company’s bottom line, reports The Wall Street Journal. (more…)
With the mass of customer insight available to brands adding another weapon to a chief marketer’s arsenal, Marketing Week asks whether their job titles should reflect this. If you believe the surveys, the pressure to improve the return on the money invested in campaigns has combined with an explosion of data to squeeze creativity from the role of chief marketing officer and turn it into “chief data and marketing officer.”
Many brands, marketers and industry pundits contend that the great battle in social media is over mobile. The chant from tech giants, New York Times technology columnist Nick Bilton writes, is “mobile, mobile, mobile.” But there’s a greater evolutionary force at play: photos. From Facebook’s revamped Newsfeed that places an emphasis on photos to Twitter now commandeering users’ photo sharing via its own proprietary photo app, the battle isn’t just for the mobile Internet. The real battle is for photos on the entire Internet. (more…)
MediaWhiz’s leaders are continually sought after as resources for opinions, advice and expertise, based on our deep understanding of industry trends, the needs of our customers and the broader marketplace in which we operate.
For the week of Sept. 3-7, 2012, MediaWhiz experts were quoted or featured on a variety of digital media news and trends, including growth in the lead-gen marketplace, Facebook’s advertising pitch to brand marketers, the new rules of brand advocacy and Twitter’s new ad targeting options for brands.
Bing is breaking out its own version of the infamous “soda wars” between Coca-Cola at Pepsi in the 1980s. This week, it launched an ad campaign called “Bing It On” in which it asks people on the street to compare search results between its Bing search engine and Google. According to Search Engine Land, Microsoft claim’s that “people prefer Bing by 2:1 over Google.” Unfortunately for Microsoft, the stats on consumer use of Bing don’t reflect that comparison. More than 65 percent of Americans use Google as their regular search engine, according to SmartInsights.com, while Bing comes in third, behind Yahoo! Search, at just under 14 percent.
“Facebook has failed” screamed the headlines all summer long, as Facebook’s stock continued to tumble amid mounting analyst, investor and advertiser concerns over the efficacy of Facebook’s ad platform. For Facebook, the concern present a troubling reality: it must evolve or die. The trick to keeping Facebook relevant to users and brands, according to Ryan Partnership’s Michael Velasco, will be to not only enhance the feeling that users have of the social network being indispensable to their daily lives, to extend that feeling to new areas and features that users find appealing.