Tag Archive for: Future

News Update – Best of the Day

What are good case studies for viral productions? A question, I get asked quite frequently. Please find the link to a selection by AdAge which I would also recommend.

The recruiting business will have changed in 2020. Job Boards have to improve their services and social media could be one solution for it. HR managers should be looking at this list of 10 excellent innovations.

Managers think about how to use LinkedIn effectively. This video gives some advice by Mark Perl and Louis Gray on how to leverage social marketing and networking with LinkedIn.

Social Media study on digital natives released by Volkswagen and MTV

The new international study “MePublic – A Global Study on Social Media Youth” by Volkswagen and MTV Networks presents some interesting insight into media use and value ethics in the group of 14-to 29-year-olds (digital natives). No surprise that they will respond to one of the findings: Young people want to see networking apps extend to the car… and Volkswagen already works on that app.

“With just under 500,000 fans on Facebook and over ten million visitors on YouTube since the company profile was set up at the end of 2008, Volkswagen already has one of the largest fan communities in the automotive industry. And together with our fans we are breaking new ground in the social web – as confirmed by the recent “App my Ride” competition where we gave prizes to the best developments for applications in car infotainment systems.” Luca de Meo, Group Marketing Head, Volkswagen AG.

The findings show the intensive use of new media and their commitment to brands by digital natives…
– 58% spend time on social networks on a daily basis
– 50% follow product recommendations in social networks
– 43% post their favorite brands on the social web

And the digital natives are well equipped to have best possible access to the new media.
– 94% have a mobile phone
– 92% have a TV set
– 75% an MP3 player

Obviously, there a country-specific differences as the “MePublic” the study lays open. In Japan 40% of the young people primarily use mobile access to their social network which already can be compared with some outlook on the mobile future. 57% of US digital natives use online sources prior to buying a car. In Japan it is only 38% as the young people tend to seek advice direct from the dealer.

The study “MePublic” states six user types based on criteria such as frequency of use, motivation and goal. Amongst those the characters for a “pro-social” world are i.e…
– Mediacs: most active and demanding, technically literate, strongly committed, always looking for something new
– Crewsers: social networks = place to meet up with friends
– Funatics: spectators = like to observe, but are not very active themselves

Spot On!
Generally speaking, the study shows that social networks have been added to digital natives perception of mobility. They want to be available when the are driving. When 60% of the 14-to 29-year-olds are convinced that the significance of mobile social networks will increase over the coming years, it speaks a clear language. If you fear the digital natives are “tweeting and driving”, Volkswagen takes the fear of you: “The driver’s safety remains the top priority.” This nice PR message comes along with the ambitious word about their next iPhone app called “Dieter App”. “The planned application assumes the role of the co-pilot and loyal companion and is in line with the wish for a personalized vehicle expressed by the young people”.

Is this a new approach to humanize a brand perception? Installation of apps that appear like human charaters? What do you think about the study findings?

B2B study: Content tactics marketers are using

Content in the B2B space continues to be… king. Especially since Social Media conquers the interest of users and consumers, companies have to establish a good content strategy in order to attract the interest of their audience properly.

Junta42 and MarketingProfs, supported by American Business Media and the Business Marketing Association, made a research with over 1,100 North American B2B marketers from different industries and company sizes to understand their thoughts and trends on content topics. The study “B2B Content Marketing: 2010 Benchmarks, Budgets and Trends” is probably the most representative survey about content marketing in the business-to-business (B2B) space for now.

Most companies know the importance of content marketing and make use of it as much as possible. Nine out of 10 organizations market with content. These marketers are using eight content tactics on average. The most popular tactics are social media (excluding blogs) (79%), articles (78%), in-person events (62%) and eNewsletters (61%).

The budgets for content marketing rise. The responding B2B marketers allocate almost 26% of their overall marketing budgets to content marketing initiatives and programs. A good portion, 51% of B2B marketers, plan to increase their spending in content marketing over the next 12 months.

Still, there is no real understanding of how to measure the effectivness of the different tactics. The “confidence gap” is quite large.

Of the 79% of B2B marketers who challenge social media, just 31% of marketers think they use this tactics effectively.

The full study can be downloaded here.

Spot On!
It could be interesting to know who you think produces the most relevant content for the B2B space. Is it the publishers, bloggers, or already the companies themselves with their PR departments? And who will it be in the future? Looking forward to your statements…

News Update – Best of the Day

Every marketer is looking for the key to Facebook success. A study by Vitrue, a social media marketing agency, reveales a secret… which is not a secret in my eyes anymore. As we know it from the email marketing era: Couponing and savings are driving engagement. Images and photos outperformed video and text by 22% and 54% in terms of engagement. Text received 63% more engagement than video when it came to Vitrue’s consumer packaged goods (CPG) brands. On quick serve restaurant (QSR) brands images got 136% more engagement than video and 182% more than text.

How are books looking like in the future? This is defintely a neat idea on how the future of massive text work could be looking like…

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The Future of the Book. from IDEO on Vimeo.

Social Media is about fans. Football as well. Just look at the power of fans in the stadium. Not virtual! Real! In paper and print!

dmexco 2010 – Flashback in Tweets & Quotes

The main message of the dmexco 2010 can be concluded as follows…

Marketers have to face the fast dynamics of a changing advertising industry. The new topics they will be tackling in the future are predictive behavioral targeting, multiscreen targeting, augmented reality as well as mobile device advertising and … of course Social Media.

Facing the social web challenge, this means marketers have to look for conversation with their clients, whilst still being authentic, honest, human, friendly, open, conversational, responsive. Business relevant topics are not meant to cross their minds such as contact management and generation, quantitative ROI measurement or sales-driven aspects – and I am not even talking of lead nurturing. At least from a social media user-perspective…

Respect to all marketeers who can make this challenge happen in the future!

My flashback…?
Doing the co-moderation of the conference program was a very exhiting and interesting job. It gave me the opportunity to talk to great marketers (Sidney Mock, Spil Games and Manish Mehta, Dell Inc.), real thought-leaders of the Internet industry (Russell Buckley, AdMob Inc. and Tom Bedecarrè, AKQA) and just fabulous web personalities (Harry Huj, Pepsico Investment and Dean Donaldson, Mediamind).

As there was not much time to look around the halls and the booths, I would like to summarize the event with the 10 tweets and quotes that represent the value, the mood and the atmosphere of dmexco from my perspective.

Future
1. dmexco 2010: The vision of the leaders http://bit.ly/bRyrlQ via @MkDirecto

Augmented Reality
2. Never heard of “augmented reality”? Check out the Museum of London case study http://bit.ly/aucZ4Y via Kaizenadv

iPad
3. Study #iPad Effects: “80 per cent use the iPad predominantly at home” #dmexco #research (translated) via tomorrowfocus

Gaming
4. Sidney Mock, Spil Games, counts 650 million online gamers worldwide via dmexco (More gamers than Facebook users…).

China
5. Harry Hui (Pepsico): “Los consumidores chinos se mueven a otro ritmo”. http://bit.ly/czFA8x via lpittol85

Social Media
6. Great interview with @ManishatDell (my boss) about the value of social media for #dell from the dmexco conf. http://bit.ly/9pjxaF via DennisMSmith

Facebook
7. Joanna Shields: “Marketing develops from a one night stand towards constant connection and ongoing conversations.” #dmexco #Facebook via dmexco

Mobility
8. Dean Donaldson shows the relativity of the mobile progress, reading out a SMS he received during the Mobile Debate. It tells him how expensive roaming is and explains how ISPs limit mobile opportunities like in the AOL age some years ago.

Future Media
9. The future of the media is mobile. Shame *none* of the world’s design/PR agencies have realised: http://cot.ag/dolCIO via Adam Westbrook

Summary
10. Tom Bedecarré, #AKQA, is excited about #dmexco: “What a high energy event with so many people!” via dmexco

Spot On!
After sharing my view, I would appreciate to get your ideas and thoughts. What did you think of dmexco 2010? How did you like the conference program or the debate hall concept? What was positive and negative? Did any of you use the blogger lounge? If so, what did you like or miss? Looking forward to your feedback…

PS: Next dmexco?: Cologne, September, 21. and 22, 2011 !

Foto Credits: Horizont

News Update – Best of the Day

The search engine for the future is Facebook. Or let’s say social media. Sanjay Metha discusses “What is a search engine? and comes to an easy result: From a users perspective it is a platform where I can quickly get relevant results for whatever I am looking for. And his result is that social media owns the future as our friends offer more relevanceto our questions…

A luxury hotel in Mykonos has used social media for a campaign which was designed to work according to the organization’s objectives. Dimitris Zotos shares with us the actions and the goals of a real life example that can help us understand how social media can be used in order to promote a brand.

CWS knows how to kill a perfect night for chic and glamour girls. They say no to drugs! Funny commercial…

Money, Money, Money – Facebook users follow brands for discounts, and Twitter for social badging

Some days ago, we could read that Facebook is becoming kind of an outlet for brands to engage with their fans and which brands scored the best. A recent survey from ExactTarget and Co-Tweet now shows product discounts and “social badging” are the main motivations for “liking” brands on Facebook.

43% of Facebook users interviewed said they “like,” or are fans of, at least one brand on Facebook. Among those, 40% admit that the reason for staying friends with the brands is to receive discounts and promotions. Interestingly enough for me is that already 39% state they do so to make their brand affiliations public versus 23% of interviewed people said they follow brands on Twitter for social-badging purposes.

Some more findings of the study is basically saying that marketers are “welcome as participants on social networks” as long as it supports free enterprise, not because they seek out interactions with marketers on Facebook.

Further key findings on ExactTarget’s study Facebook X-Factors why people like brands on Facebook…
– 34% like brands in order to stay informed about company activities
– 33% want to get updates on future products
– 17% are more likely to buy after liking that brand on Facebook

Again we can see in this study that Facebook is definitely more a platform for women than for men to keep up relationships (63% vs. 54%), connecting with old friends (68% vs. 56%), and managing their social lives (41% vs. 34%).

As the top performing brands on Facebook are named…
Oreo (Nabisco): Top among deal seekers across all age groups (Facebook drivers: coupons and freebies).
Wal-Mart: Top among cost-savings opportunitiy seekers across all age and gender.
Victoria’s Secret: Top among especially Millennials as of new product offerings featured.
iTunes: Top among Millennials as of highlighting new movie and music releases.
Dove: Top among women based on their iinitial “Campaign for Real Beauty”.

The findings are based on a survey of 1,506 consumers age 15+ in April 2010 and consumer interviews among 44 people in March 2010.

Social Networks – Are niche communities the future of networks?

More often people are fed up with all that self-referential talk of individuals on social networks. Or, companies which do not understand the idea of an online conversation, including clients and not just broadcasting the old-fashioned marketing and sales way. Just today, I had some people in my Facebook stream and my Twitter updates telling me how the weather was, what their kids had for breakfast, or that their wives don’t understand their affinity to social networks. OK, nice, fair enough… Interesting? No!

And then I hear my wife saying… “Why keeping up the contact to so many people if there is no option to even get actively into 10 per cent of the conversations happening in these online relationships?” True, but you never know when some contact might need you, or vice versa.

Checking Facebook and staying up-to-date on Twitter becomes challenging on a busy day, with kids that are happy to see dad in the evening for some minutes, and long-time friends complaining why they don’t hear anything from you anymore.

So, is there another trend coming up in the future that might go for niche social networks, niche communities? Why? We had that offline for ages. Years ago, people have spend hours in their football club bar after a training session, or went to book readings to enjoy the discussion afterwards, or went to a vernisage in order to “philosophy” about the latest gallery exhibition with someone they don’t know. The reason for doing it was just their share of interest in something, a hobby, a passion, or a kind of affinity. So, are we seeing social networks for art geeks going on virtual gallery tours in the future?

My father was telling me that he uses a Bridge community and plays daily for one or two hours. A friend of mine is a DJ and he spend hours in communities for DJs like My DJ Space or Mix DJ. Some even still (or again?) love vinyl and become members in a community there. These music enthusiasts do nothing more or less than share their interest in being DJs, and obviously loving to mix tapes. The special interest is the centre of their community engagement.

Some years ago, somebody approached me with the idea of an international golfer network (http://www.golffriends.com/welcome/community). As I love playing golf (though don’t have enough time to play often…), there was some interest to become a member, if not more to become more engaged in the business idea. But then, time and the thought of managing many private interest networks -as I have quite some hobbies- next to my business networks and the top networks made me not investing too much time in that vision. Maybe I should have done…

Mothers share their passion for coffee on Cafemom, and if we think about all the Starbucks communities it does not surprise us. Games exchange ideas and thoughts on Raptr, or real social activists use Care2. Even more “nichy” is the passion of men for their moustache that they express online to the public. And others share their interest in Whisky or Wine networks.

So, my question is if niche networks could take a big portion of the market share of global social networks (Facebook, Twitter, Myspace, etc.) in the future? Can you see people going away from the self-gloryfying popular networks that the mainstream web user is engaged in? Tell us of niche networks you know and how you see this trend?

The 3 types of social networkers that influence the buying process

It’s been a rumour in the industry for quite a long time now: Facebook and Twitter are becoming indirect shopping platforms and their buttons can boost sales. A recent survey by the research firm Gartner Inc. discovered that most of the users appreciate and take suggestions from their friends through social networking sites before purchasing products. And furthermore, they rely on three types of social networking friends for their purchasing decision process.

The Gartner study asked nearly 4,000 consumers across 10 key markets. The interesting part is that people in the social networks are taking different positions inside the purchasing process when recommending products to people they are connected with. Gartner identifies three types of people and roups them into three categories: ‘Connectors’, ‘Mavens’ and ‘Salesmen’.

So, how do they differentiate from each other?
The ‘Connectors’ are defined as those who “perform a bridging function between disparate groups of people and enjoy introducing people to each other”. The ‘Mavens’ are “knowledge exchangers or information brokers”, who are experts in particular area and people go to them for advice. But they are not people who wish to convince people to buy certain items; they are more interested in acquiring new knowledge, it said. The ‘Salesmen’ are those, who have “extensive social connections” and the personality trait that persuade people around them to “act on information in highly directed ways”.

“Our survey results showed that one-fifth of the consumer population is composed of Salesmen, Connectors and Mavens. These are three roles that are key influencers in the purchasing activities of 74 per cent of the population.” (…) “Salesmen and Connectors are the most effective social network influencers and the most important groups for targeted marketing based on social network analysis.” Nick Ingelbrecht, Research Director, Gartner

Gartner advises companies based on the findings of its survey to pro-actively engage with these different types of people on social networking sites. Not surprisingly, they define these categories of social media influencers as the “critical, but underutilised, aspect of the marketing process” for the future.

“Companies attempting to use social networks should develop relationships with key customers over a period of time and progressively refine the social network profiles of those individuals.” (…) “Retailers who run small shops have instinctively done this with their best customers for years with the intention that these ‘VIP’ customers will not only buy the new products but recommend them to their friends.” Nick Ingelbrecht, Research Director, Gartner

Spot On!
For me, there is a strange thing about this study. It causes a Deja-vu, I have never had before in my life. Two years ago, I published and explained -in German- in a long post the importance of these three types of people in business networks for business decision makers, and how businesses should focus on them when talking about their social media approaches. And guess what: Two years ago, I came to the same conclusion and refered to the same types of people. In these days, I have read the book “Tipping Point” by Malcolm Gladwell for the second time. And in this book you will find the same categories of people, and you are told to rely on them and work with ‘Connectors’, ‘Mavens’ and ‘Salesmen’.

The main question is now, how to address these social networking influencers? Can you call them up and talk to them directly? Send an email? Invite them for dinner or lunch? What is the best way to start the conversation with them?

News Update – Best of the Day

Every social media expert out there loves talking about The Cluetrain Manifesto and it’s impact on the future of our marketplaces. Now that the Cluetrain is more than 10 years old, I am trying to follow it’s creators in order to see how their views have changed. One of the founders Doc Searls -after Christopher Locke and david Weinberger some weeks ago– was writing last week about the main drivers of the open marketplace transaction, conversation and relationship. “Marketing is now all gaga over “social media” as well, in part because many believe that Cluetrain was all about “social” markets”, he says, and I have to admit sometimes I do see it that way, too. Having agreed with him, I do have to add: Technology changes quickly but it is difficult to change a market situation – no matter if social or open. Why? In the first place, it is driven by human beings. And it takes them a long time to adapt new culture. Haven’t we seen this 10-15 years ago when all this internet hype started? In some way, we seem to be on this learning curve again. Don’t you agree?

There are many valuable Twitter tool lists. Vadim Lavrusik created one of the (in my eyes) best Twitter tools top 20 lists that will help you improve your Twitter experience.

Adbands has become a classic event in the last years. And the commercial which was produced for the event tells us why. No more to say…