Tag Archive for: Community

News Update – Best of the Day

/in , /by

Just some weeks ago, I have been talking about the idea of replacing loyalty cards by social networking customer service to drive customer engagement. Now, the New York Times has extended the idea by the integration of location-based advertising using Foursquare… and of course replacing loyalty cards by social networks activity and mobile apps. The idea seems to be moving from trend to standard…

Often the question comes up which brands are the most valuable in the world. Millward Brown’s Optimor BrandZ Top100 Most Valuable Global Brands report gives us some insight. The key findings…

– Google is the most valuable global brand worth $114 billion (2nd is IBM with $86 billion, 3rd Apple with $83 billion, Microsoft was fourth with $76 billion.
– Social Media is a winner: Facebook has a brand value of $5.5 billion. Use of social media was a key trend across many of the successful brands this year, i.e. HSBC’s Expat Explorer online community.
– Strong brands such as Samsung (80% growth in brand value) and Starbucks (17% increase) are evidence that businesses with strong brands recover from adversity faster.

Heineken commercials know how to dive into the hearts of their main target group. “Men with talents” is another fantastic example after their “walk in fridge” idea… Sorry ladies, but we man love it!

The end of the future of advertising agencies?

/in , , /by

An apocalytic vision of the advertising future? A prevision of advertising mistakes? Or just a gag of a digital event-organizer that wants to wake up the advertising industry? Or does the event need more attendees? Maybe it is just a simple commercial clip? Or is it even meant to be spread the viral way (well done then, it seems to work, right…)? A video clip that allows so many questions, is worth being mentioned.

This video commercial could also be just a short film to demonstrate the creativity of the co-production companies FITC, Saatchi & Saatchi Canada, Lunch, and Tool. For their next flash event in Toronto the FITC has started a remarkable commercial ad that will make the advertising agency world think… hopefully.

The spot introduces an advertising agency that does not exist but might have been the last agency on earth “mps+c worldwide”. And the story is told just after the last employees have left the agency. A nice idea, right?

Allow some remarks…
If I had had the idea, I had tried to set up a community website for this fictional agency (the creators did not… at least for now) and created a charity story or some alike fiction around it for all people working in the ad agency industry.

It could have been a nice approach. Especially for advertising people to get ideas out of the cultural advertising change trap. Agencies could have collaborated and networked. Agencies could have… But, do agencies really want that? Collaboration, communication, creativity in an open world?

I had tried to integrate social comments function to enable, engage and enter the conversation directly on the website. If you understand how the customers are moving along the web, then why not living the idea with the viral… (is the reason a lack of resources and community management for such a sustainable idea?)

The increasing trend on the web is described quite well and companies should be thinking about this customer change in web use: “Internet Viewing, Facebook Updating and Obsessive Blogging”.

The production companies of this video clip could done much, much more with such a nice idea. Oh yes… But the message sounds great. Should we say that agencies should really, really, really wake up? Oh yes… And I am asking myself what comes after the last advertising agency has gone? Oh yes… Produce another film? Why? Success is never final! (Winston Churchil)

The change we see is a cultural one with high social impact on the world we live in. And companies should start seeing the web from a business-strategic point of view and understand, find and align their web-strategy with it. Companies should stop producing TV ads or banners without any call-to-action. And starting Twitter streams like “clowns” is definitely not the right way to approach the future of customer communication…

The Last Advertising Agency On Earth from FITC on Vimeo.

News Update – Best of the Day

/in , /by

Best of the DayPeople are asking me quite often, what it takes to become a smarter social businessperson? I was about to write a post about it. But my strategy works along Jeff Jarvis words: “Do what you can do best and link to the rest!”. And yes, I have found that Don Reisinger at Gigacom has written some excellent 10 tips for becoming a smarter social business person. So, why should I…?

Some companies like AUDI let their social community and fans co-create their new design for the car of the future. Vitamin waters newest flavor was created by their brand’s Facebook fans. Matt Rhodes shares the social experiment which is not finished with the launch of the product in March 2010. The success factor for the engagement of the community was a competition (again – incentives are key, it seems)… and for the success? Collaboration…! The co-creation included: choosing the flavor, designing the packaging, and naming the water.

This Doritos commercial makes me laugh… join in!

The Evolution of the Engagement Economy

/in , , /by

Banner Social NetworksTalking about new trends on the social web, marketers always love the point of view when brands are involved. They love to negotiate, as I call it, on the “cost per engagement (cpe)” level. Businesses and their communication suppliers always try to get customers engaged in brands. Some years ago, this was difficult. Now, it seems easy. And this topic becomes even more relevant for future marketing strategies when you think about today’s engagement economy.

The engagement economy nowadays is doing things companies never thought would happen: There are people forwarding brand videos (which generate massive engagement), admitting to be emotionally involved in brands. We’ve got people publicly telling their peers how much they love products, services or companies. And then there are people discussing about products and how they would change these products and services in order to make them more profitable for the manufacturer. This is all happening right up to the point where people are basically saying “I am a brand maniac of…” – fantastic and unbelievable in one go, right?

So, if we take a look back and analyze this trend from a long-term web-strategic point of view, companies need to rethink the future of their web-marketing efforts as the social web transforms the value of processes in sales and marketing.

At an event last week a marketer I know quite well took me aside and asked: “Why are people not as engaged when clicking banners as they are when becoming fans or followers of brands on the social web?” And my first reaction was to give a shrug. But then I realized the huge potential of the thought and I said: “Gimme some days and I will try to blog an answer.”

whyblog_1In my view, a major part of the explanation to this phenomenon lies in the evolutionary process of the engagement economy and their brand commitment when people even want to become social VIPs or brand-vangelists and accept the ads from their favorite brands in their social graphs.

Emotions
The emotional-impact of banner advertising and of “social media engagement” is completely different – on those who ‘follow’ the people that click on traditional advertising (display or affiliate) and on those who become fans or followers.

Somebody who clicks a banner ad is not engaged in any kind of brand emotionality: This person is just interested in the offer or the message that grins in his face saying: “I am nice, ain’t I?!” So, why not take a glance at the offer (especially when coupons or incentives are involved) as it is a short-term sales boost via email or some other traditional online advertising format. The person who is clicking on a fan page wants to know more about the brand values, why people have become fans, who they are. This is someone who wants to give some kind of emotional kick back to the brand and the “engaged brand peers”. And just by becoming a fan, they give the brands more positive rewards than they probably realize – kind of like an ultimate pay back which has never existed in that form or to that extent before.

Action
People who participate in banner advertising come from the passive “lean-back economy”. Some experts are already wondering, if banners are dying. My answer is: No, as banners follow a different purpose than the social web marketing activity! The benefit for traditional online advertising is the click, resulting in the quick consumption of news and information. The engagement economy loves to lean forward and get in the driver seat of the brand communication and discussion. Emotionally motivated by the sweet feeling of competence, this engaged person argues about the good and bad of the brand values. When you look at Nespresso and Starbucks social media activities and other impressive examples on Facebook or Twitter, or you take the latest example of the IKEA Facebook campaign all what companies are doing is throwing some communication crums in. And the fans “crowd together” and pick them up with greedy brand enthusiasm. They give the companies and their peers input and feedback with comments, questions and by sharing the brand content and ideas. The emotions get their pay-off by little brand incentives and keep the wheels of engagement buzz turning.

Time
Think about how much time people spend with a brand when clicking on a banner versus being on a fan page. A banner is meant to save time – as does an offer – just by its intention and nature, as well as the message it carries. Check the offer and then be off as quick as possible. Is this the way a banner works? I think so. Rate this short interaction against the time of a brand experience on a fan page. People listen, learn and participate in the conversation about the brand, and come back to see how the communication proceeds. Not because a banner asks for their time to do so, but as the people want it themselves. The customer is the active part of the brand communication, not the company. The customer pays attention to the brand and donates “engagement time” as the new value or ROI for all brand communication efforts.

And then, why do they stay longer on a fan page? The answer is easy: Their “brand friends” are there. They feel to be in good company and this is what builds comfort, driven by a “warm feeling of friendship, networking and community”. You are not alone, you have something in common just by spending time on the same topic: a brand commitment.

Spot On!
The engagement economy is in charge of brand communication and brand commitment. The company still owns it but they are being managed by engaged brand fans. Now, my question to you: Is this true? What is your experience and your strategy when working with this new engagement economy?

News Update – Best of the Day

/in , /by

daily1Apple is one of the most mentioned brands in the bloggosphere. CNET editor Tim Lieberecht takes a different approach to argue about Apple -as a company- in the social media era – and compares them with another media company: Bloomberg. He asks: “But in the long term, can Apple sustain its community of loyal users without becoming a more transparent organization?” Good question…!

Is your company thinking about social media ROI – This video by Socialnomics author Erik Qualman showcases several social media ROI examples along with other effective social media strategies.

Sometimes, you just cannot decide which commercial is better – both are focusing the difference between men and women…

News Update – Best of the Day

/in , /by

daily1Display advertising is facing a new era. Nicholas Carlson posts a great picture gallery with intelligent comments on the ‘Evolving beyond the banner ad‘.

The advertising industry is shifting more and more budgets from offline to online. One big reason is the massive adoption and hype around Facebook, Twitter an the likes. A paper called “Community and Social Media Study” shows that customer reviews rank No. 1 for increasing sales and customer engagement. Nevertheless, US marketers are decreasing budgets in Q2 2009…

AXE has a run in terms of acceptance for commercials – and in general, the creative work is really funny… – and even bad taste can be great taste…

Best feature of social networks? The Pick-a-boo effect…

/in , , /by

pick-a-booDon’t we love to play this game with kids because we know how happy it makes them… Pick-a-boo. But as adults using social networks: What is it that makes us happy? Some weeks ago, I asked some friends of mine who in turn asked friends of theirs as well as their colleagues: What is the main benefitial feature of social networks? The most frequent answer that came up was the ‘Who has been on your profile lately’ feature which goes along the lines of ‘The Pick-a-boo’ effect.

Now, what does that mean ‘The Pick-a-boo’ effect’? Well, people register in social networks in order to get in contact or connected with peers, (old) friends or humans that are (or might be) interested in them or/and their work. The tricky point is that there are people in the world of social networks we don’t want to contact any longer, in the future or in general. Nevertheless, we still love to take a peek as we wonder if they are still interested in us, what they are up to and what impact is driving their lives. It’s kind of human vanity and curiosity thing. We want to compare ourselves with them, want to check out how ‘sexy’ our online (and offline) reputation is – not only in terms of business life. We want to play Pick-a-boo. We are there and everybody in social networks knows that, but we are not visible all the time. And, we would love not to be visible for everybody when we are looking at people’s profiles who appear not to be relevant for our life. But we’ll pop-up from time to time to stay ‘up to date’.

So, we make us accessible and available in social networks for those who are also users of these networks. As we don’t know the size of the target group of people who is interested in us, we want to find out about it. By this we are making the ‘ego-community’ transparent for ourselves. And most of us ‘social medians’ are eager and would love to know that, wouldn’t we? Some networks have acknowledged this desire of being famous and our nasty habit of being vain. And they satisfy our need and desire for that with great application features supporting this pick a boo effect: status updates, birthday calender or ‘contacts of your contacts’.

No matter if you are a sales person, a recruiter or a consultant. We all want to know how a person looks like after making a call, or attending a meeting or a conference. And we all want to know more about them, either because it facilitates a second conversation or because we would like to recruit someone or sell something. The more we know, the easier the effort. Playing Pick-a-boo has become standard.

The active Pick-a-boo
Let’s identify the active pick a boo effect in social networks. We try to find the person or/and go to a profile page, x-ray the contact or find out details on his mentality, personality or hobbies. So, we take a quick look at the profile and then we are off again. Sometimes, we might be going there for a second or a third time before getting in touch with that person. And the funny thing is: We know that the other person knows that we have been visiting their profile page. Is it because we want them to do the first step. Or we ‘pick-a-boo’ just to let them know, someone is interested.

The passive Pick-a-boo
The passive benefit of the pick a boo effect lies in the feature ‘Who has been to your profile’ application or widget. Although a paid service feature on some social networks (XING and LinkedIn), it is probably the most viewed or reloaded feature of active social ‘medians’, those users who have access to it. Why is this ‘pick a boo’ application so attractive for us? We can…
… receive transparency on the ego-community
… monitor the quantity and quality of visitors to our profiles
… identify our ‘personal branding target group’
… evaluate our job market options
… see how often Google is used for ‘Recruit-Googling’
… see who ‘delivers’ good contacts to us
and finally the best of all parts: Via the passive pick a boo effect, we can contact people and definitely have a starting point for a business and/or private conversation.

Spot On!
Seeing all these benefits of the Pick-a-boo application ‘Who has seen to your profile lately’, it surprises me that the biggest network of all, Facebook, still doesn’t have this application feature. Or will it be coming with the announcement of becoming a paid service platform? We will see…

Curious to hear your view and experience on the Pick-a-boo effect in social networks?

Launch Bookstore auf The Strategy Web

/in , /by

bookstore-tswDie Nachricht von dem Partner E-Commerce Strategie der QStores bei Quelle liest sich fast schon wie ein lustiger Zufall für mich. Erst gestern habe ich mein Blog The Strategy Web um einen neuen Bücher Shop erweitert. Allerdings mit aStore von Amazon, nicht QStore von Quelle…

Warum ein Book Store?
In den letzten Monaten habe ich ab und an Rezensionen geschrieben zu Büchern, die mich in irgendeiner Weise fasziniert, bewegt oder nachhaltig beeinflußt haben. Diese (Business)-Bücher wurden dann in der Sidebar als Widget “Buchempfehlung” vorgestellt. Leider verschwanden mit jedem Update einer Empfehlungen die anderen gänzlich – und grundsätzlich zu schnell.

Karl-Heinz Wenzlaff, der die Idee des Bookstores an mich herangetragen hat, meinte mal in einer Mail: “So schnell kommt man ja mit dem Lesen nicht nach, wie Sie die Buchempfehlungen wechseln”. Mag daran liegen, daß ich mir als ehemaliger Literaturwissenschaftler das schnelle Lesen beigebracht habe. Was hier jetzt aber eher kontraproduktiv war. Mit dem Bookstore kann ich das Problem elegant umgehen.

Was findet man im Bookstore?
Mein Bookstore trägt die Überschrift “Books and Recommendations” also nicht umsonst. Zukünftig werden dort unter der Rubrik Books Angebote zu relevanter Lektüre die Blogthemen betreffend integriert. Webstrategy, Marketing, Sales und Mobile Web sowie “Unterhaltsames und Nachdenkliches” bei Easy Listening (witzige, lustige und trotzdem nachhaltige DVDs) und Easy Strategy (moderne Startegieansätze der ‘Light-Version’ sowie Romane).

Wie schwierig ist es, ein aStore zu erstellen?
Überhaupt nicht schwer, denn mit den Amazon aStores benötigt man keine Programmierkenntnisse. Der Aufbau von aStores ist nahezu selbsterklärend. Man kann seine Kategorien selbst definieren, Farben & Design anpassen, die Sidebar konfigurieren und die finalen Versionen per Link, iFrame oder Frameset sehr einfach für jeden Blog-, Webseiten oder Communitybetreiber integrieren.

Monetarisierung oder Service?
Wer glaubt, als Amazon-Partner kann man seine Blogaktivitäten gut monetarisieren, der muß ein anderes Blogthema als ich haben. Vermutlich ist nahezu jedes andere Blogthema der Umsatzgenerierung dienlicher. In den letzten Wochen bin ich oft gefragt worden, welche Literatur man so in den Themen des Blogs ließt, um “Up-To-Date” zu bleiben. Der Bookstore ist ein Service für meine Leser – nicht mehr, nicht weniger.

Ich wünsche Euch viel Spaß und hoffe, dort gute Vorschläge und Empfehlungen eingebaut zu haben. Natüprlich erfährt der Bookstore regelmäßig ein Update…

Contest: Let's create a new logo for The Strategy Web

/in , , /by

After one year with my old and self-created amateurish logo (via Logoease), I have made two decision in one go. First of all, I definitely want a new logo and secondly, I like to see how a logo contest website is performing and what kind of ideas it’s ‘creative head community’ is coming up with.

A challenge for the designers or for me?
So on Thursday night last week, I started my contest and decided to go with elogocontest.com. And if you want to take part and hand in your ideas as a designer, please feel free to log on to my contest ID for the new The Strategy Web logo PS: This platform is called Hatchwise now). The challenge is on you. And some people have already been very creative and shown their innovative approaches.

For people or companies that are looking to start a logo contest the steps are easy. This was my challenge some days ago.

How does elogocontest work for contest holders?
You start by registering an account as a contest holder. Having done that, you kick off your logo contest by describing the basic outlines of the contest, your target group, the essential parts and texts of the logo and finally, by writing a short summary about the contest. This is the online brief for the designers which is a self-explaining questionnaire and easy to handle. And you think about how much money you want to hand over to the winner.
Done!

What is the benefit for designers?
The benefit for designers is not huge you might say… I do disagree with that. It depends how you see it. OK, 150,- US Dollars won’t make a designer rich, yes. However, it might have some serious impact for their future business. Generating first-class reference for your creativity and your business is not easy. By taking part in some of these competitions, designers can proof their creative power, train their creative heads in an open-competition, receive some references, and generate future business from contest holders (word-of-mouth is key in the business of the future!!!).

And if they are clever, they have a blog and a twitter account where they are talking about their contest success. If this does not help, then word-of-mouth tactics don’t work…

Any special thanks for the winner of my logo contest?
Yes, there is! My contest ends Saturday night… The winner will get an exclusive interview on his/her business, his/her thoughts on logo contests, and why the company started using elogocontest (or others as well).

So if you are a designer or a creative master mind, keep the speed up of new ideas coming in! Looking forward to your ideas. And I promise, feedback will be provided asap.

Spot On!
Logo creation has cost start-ups (and all other companies) a fortune some years ago. Today, it has found an innovative contest approach all over the web. Examples like 99designs, elogocontest, logo contest, Logoease, jovoto, mypitch, AAA Logo and mypitch proof that today the world of innovative and creative agency work is changing towards a more customer friendly web 2.0 approach. And it is becoming affordable…

For now, my work is done and I am sitting hear and am waiting for your ideas… And for those of you who want to help me choosing the right logo, comments on creatives in my blog are very much appreciated.

Dell: social media business or the just good marketers?

/in , , , , , /by

Dell is the social media super-hero these days and one of the most named examples of social media intelligence. At least, if we believe in a lot of blog posts…

Last week, Dell reported in a blog post that their Twitter account @DellOutlet earned more than $2 million US dollars in revenue. Money that can be attributed directly to their Twitter activity. This does not surprise us, having heard that Dell broke the $1 million US dollar barrier some months ago.

Nevertheless, let’s think a minute about the ‘social aspect’ of this Twitter account. The funny thing about it is that Dell is just using old marketing techniques to generate revenue via Twitter.

Or is the use of coupon codes a marketing innovation of the web 2.0 era?

These couopons come flying into my mailbox at home every day – quicker than I have time to throw them in a bin.

“Dell Outlet sells refurbished Dell products at great prices, but inventories fluctuate, making it difficult to know when products are available or on sale. Dell Outlet uses Twitter as a way to message out coupons, clearance events and new arrival information to those looking for Dell technology at a discounted price.” (quote from Dell blog)

Reading this statement, the question is what is the social media strategy? Isn’t this just good old marketing tactics? This Dell Twitter account @DellOutlet is not acting in any way like social media has been teaching companies lately.

“Listen, learn and engage” (Brian Solis) is the value proposition of social media. The customers are coming to you as they have heard about the quality and value of your product, service or business. Then, they buy and do some good word-of-mouth activity via Twitter, Facebook, blogs, rating sites etc. for your business. This is resulting in community building – not a sales channel like the Dell example.

Dell is talking, pushing and selling. It is the good old communication and marketing practice we all know from some years ago.

Why is Dell so successful? It is a matter of simple marketing technics. It follows the old sales intelligence… From more than 650.000 followers, 10% will be real followers (as you just follow when you are in the evaluation process mode before a purchase decision) = 60.500 followers. And if you are lucky company 5% will buy your product in the end = 3.025 users. This tells us about an interesting average revenue of 661,15 US dollar per Twitter client.

Ah, I love sales statistics… though admittedly, these might be taken from the easiest perspective of ROI measurement.

Spot On!
But is this Dell activity really ‘social’? It is the email marketing system – tables turned upside down. Opt-In or follower? Subscribe or unsubscribe is the question… Email promotion or social media promotion? Email spam or social media spam? What comes next in the marketers arena? And, the account is just following Dell accounts… is the client/follower really interesting for them?

Not saying this is not a very clever approach reaching out for clients… well-done, Dell.

Your views much appreciated…