Marketech '09 - DesMoines, Iowa AMA - 1.7.09

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    Marketech '09 - DesMoines, Iowa AMA - 1.7.09 - Presentation Transcript

    1. Marketech '09: Using Emerging Media in Marketing Download Slides at: www.danavan.net/amaiowa
    2. After-Event Slides & Resources The slides and resource links are available  electronically after the event: www.danavan.net/amaiowa
    3. The traditional marketing model is being challenged, and (CMOs) can foresee a day when it will no longer work. McKinsey Quarterly, 2005, Number 2
    4. Source: Justin Kirby & Paul Marsden (2006). Connected marketing. Oxford, UK: Butterworth-Heinemann. xix Crisis In Mass Marketing 18%: Proportion of TV advertising campaigns generating positive ROI  54 cents: Average return in sales for every $1 spent on advertising  256%: The increase in TV advertising costs (CPM) in the past decade  84%: Proportion of B2B marketing campaigns resulting in falling sales  100%: The increase needed in advertising spend to add 1-2% in sales  14%: Proportion of people who trust advertising information  90%: Proportion of people who can skip TV ads who do skip TV ads  80%: Market share of video recorders with ad skipping technology in 2008  95%: The failure rate for new product introductions  117: The number of prime time TV spots in 2002 needed to reach 80% of  adult population – up from just 3 in 1965 3000: Number of advertising messages people are exposed to per day  56%: Proportion of people who avoid buying products from companies who  they think advertise too much 65%: Proportion of people who believe that they are constantly  bombarded with too much advertising 69%: Proportion of people interested in technology or devices that enable  them to skip or block advertising
    5. Advertisers are Liars Yankelowich 76% of consumers don’t believe that companies tell the truth in advertisements
    6. Where Everything Is Headed Today Digital Non-Digital 1996 2009 2050? Source: Google
    7. 360 Digital Marketing World Online eNewsletters Email Real Simple eMail eCards Media Syndication (RSS) Content Partnerships News Community sites Syndication Special Manifestos Blog Search Engines Interest Conversations Blog Aggregators Blogs Chat Search Engine Rooms/Events Citizen Optimization Photo Blogs Action Keyword Listservs eAlerts Marketing Message Boards Search Meetups Text-messaging Press Rooms Online Web Sites Viral Games & IM w/RSS Content Contests Advertising Wikis Folksonomy Digital Radio Social VBlogs Bookmarking Podcasting Webcasting Digital Phones DVR Game Devices PDAs Microcasting (Tivo) Consoles Source: Ogilvy
    8. Source: Brian Solis via Flickr
    9. Your Customers Have Done it All Source: Universal McCann Social Media Tracker Wave 3
    10. 9 BIG THEMES FOR 2009
    11. 9 Big Themes 1. We‘re in the BETA economy No other medium allows you to launch, test, re-launch,  test, measure, tweak, re-tweak, evolve, re-launch, quite like the Web Folks like Guy Kawasaki and Seth Godin preach  about this all the time. Guy launched his Truemors service on a shoestring budget and uses Twitter to promote it. When budgets get cut – marketers look to digital for  new ways of testing out ideas vs. big bang and big budget initiatives (think Bud.TV) Customers are OK with BETA! 
    12. 9 Big Themes 2. Marketers use existing platforms Why build from scratch when you can use NING as a social network, Wordpress as a CMS, Basecamp as a Collaboration tool and Concept Share as a way to co-create. Now is a great time to dig into the already existing platforms (in addition to existing social networks). How can we NOT build this ourselves?
    13. 9 Big Themes 3. Marketers are just switching tubes Consider skipping mass TV all together. It worked for BMW films and with YouTube firmly in place — it can even work with less production values and high priced talent. Consider ways to make the participant the star!
    14. 9 Big Themes 4. It‘s all about the data… (and conversation!) BRANDS are learning how to follow through   CUSTOMERS expect relevance  Customers and media DO NOT chase companies  Customer data > information > knowledge > wisdom > understanding > connection = HOLY GRAIL for retention and long term success  CRM and Social Media make it easy to connect
    15. 9 Big Themes 5. Marketing: To touch point infinity, and beyond! Don‘t put all your digital eggs in one  basket like a site or banner campaign—look at smart ways to distribute the experience across as many touch points as possible. Be smart about it. Think about how your  user thinks and acts digitally and meet them in them medium. Of course this doesn‘t have to be  digital, but you might get more bang for your buck.
    16. 9 Big Themes 6. Marketers trade focus groups for Digital Ethnography Research dollars converted to social media  currency (Victoria‘s Secret) Look to the internet & social media for  insights. Social Networks and search engines can be  rich ethnography tools. I‘m not advocating to abandon field research—but before you slash that discovery phase, think about how digital can be used to find things about the behavior of your target.
    17. 9 Big Themes 7. Marketers think outside the banner Think about traditional media buys such as  banners differently. They should no longer be the first line of  offense in a digital initiative. Quality may replace quantity—Apple’s  recent entry into the online banner space taught us that banners can still work—but the ROI improves with creativity. Social ads, blog outreach and other  ‗participation‘ based media spends could prove more effective.
    18. 9 Big Themes Yankelowich 8. Marketers embrace ‗delight by function‘ The digital media/ tools/  network/ widget becomes the product…and the marketing When tempted to cut budgets in  digital product functionality—think again. Adding or improving existing  functionality may lead to product preference which increases revenue, sales and even saves money. (think widgets)
    19. 9 Big Themes Yankelowich 9. Marketers listen to New Media Digital gives you many ways to listen to customers  – from direct engagement like Dell‘s IdeaStorm or My Starbucks Idea to simple surveys or even A:B testing. All are excellent examples of using digital to  turn up the volume on customer desires. Those brands that do the best job listening will  weather any downturn.
    20. How to control millions of inaccurate and divergent conversations ? YOU DON’T Consumers are beginning in a very real sense to own our brands and participate in their creation … We need to begin to learn to let go. A.G. Lafley, CEO and Chairman of P&G, October 2006 (cc) Lynette Webb, 2006
    21. “Every brand needs to be relevant and part of a community. They need to open a dialogue with their consumers, but they also need to be prepared for what could be negative feedback and I don’t think all marketers are ready for that.” - Bob Ivins, EVP, comScore
    22. “How-To”
    23. Social Media is Simply… ―Social Media is people having conversations online.‖
    24. Social Media Conversations “There’s a real cost to ignoring the conversation.”
    25. Word Of Mouth Is A Powerful Force (evangelists) Word of Mouth Among Airlines Source: Harvard Business Review
    26. No Love for Iams What if half the store shelf said, “Don’t Touch This?”
    27. Get Involved With Social Media A. Listening B. Participating and getting involved (create stuff!) C. Sharing control D. Profiting!
    28. Learn to Blog Foundation of  content/consistency/ connection Metaphor for Social  Media & networking Transferable skills to  video & social nets… Transferrable benefits  to SEO, SEM & TLM
    29. CEO Blogs Reinforce thought leadership And provide positioning with a human or personal touch
    30. Small Business Bloggers
    31. Blogging + Email
    32. Micro Blogging Monitor conversations  Use for promotions  Live ‗twittering‘ from  events Source for breaking  info For the hyper-involved 
    33. Comcast Learns Social Media… Comcast tech filmed  sleeping…waiting for his own customer service team. A viral video & blog sensation (of  course!) Popular blogger ‗Tweets‘ his  Comcast woes Comcast calls him 20 min later  and resolves his issues!
    34. RSS & Syndication Part of a smart communication strategy  Leverage for:   Inbound traffic  Spam-free channel  Advertising  Rich media distribution Set your content free  Combine with widgets 
    35. Social Networks To learn to express  opinions To share experiences  To make friends  To participate  To find a job  To sell something 
    36. Niche Networks Beyond Students Over 500,000 dogs Most dogs added in a day: My Space Politics 5,920 (February 19, 2008) Moms Investments Real Estate
    37. LinkedIn Create a group & discussion  Connect with professionals  Connect with customers  Ask questions  Approach prospects 
    38. Customer Community Customers gain access to  the significant corporate resources Connect to current and ex-  employees with whom I feel a real camaraderie Endless opportunities for  doing business with other employees regionally, nationally, or globally. Involvement in initiatives of  mutual interest such as community projects
    39. Idea-Centered Communities Small business focused credit card company is changing the business financing discussion through ideas Created ideablog.com to stir the  conversation about what it stands for Positioning itself as the most  helpful credit card company to small business Involved in other small business  related causes to help developing countries Online resources for small  business owners just getting started
    40. Collaborative Idea Generation Leverage the wisdom of  crowds/customers to improve the company Submit, vote, watch, see  what gets put into action Integrate into other TLM  activities Dell  Oracle  Starbucks 
    41. Social Bookmarking & SMO Thought leadership  through links SEO Links (bookmarks  travel) Brand exposure  Socialize your content  Virally enable your site  Can be active or  passive
    42. Del.icio.us & Others Like It One click saving  Tagging  Sharing (multiple forms)  Shared wisdom  RSS feeds  Portable  Collective influence  Internal knowledge  share
    43. Podcasts & Vodcasts More human &  emotional than blogging Share thought  leadership Low investment  Easy distribution  Differentiator 
    44. Share Things Like Photos… …and Videos
    45. Widgets, Gadgets & iPhone Apps Small applications that meet specific  needs Backed by high value data source  Brings your assets to a customers  desktop / homepage / website Cannot standalone – needs marketing  ‗seeding support‘
    46. Tell The World - PR 2.0
    47. “Content is the new democracy and we the people, are ensuring that our voices are heard.” Brian Solis, “The Social Media Manifesto”
    48. Now, Let’s Create Something
    49. Seven Steps to Your Digital/Social Media Marketing Strategy 1. Strategic education 2. Understand your customers (the conversation) 3. Corporate culture shift/shock 4. Marketing team immersion (eat your own dog food) 5. Build the plan, prioritize, execute 6. Integrating the tools with legacy media 7. Report, measure, review and revise
    50. Eating Your Own Dogfood (Start Internally) Separating The What from The How  5 Steps to ―Sell Social Media‖ Internally  1. State what you‘re solving for (company, customers, competiors) 2. Engage your evangelists 3. Create a common language 4. Partner with your pessimists 5. Launch & Learn & Learn
    51. Intuit: Early Adopters of Social Media Social Internal External Media Blogs  X-Intuit: Innovation teams at Intuit use  The QuickBooks Team blog focuses on blogs to share new ideas & best practices QuickBooks and small business issues  Within team: The JumpUp team uses  TurboTax Support blogs focus on tax its blog to discuss strategy law and TurboTax Wikis Well over 100 teams at Intuit use wikis to TaxAlmanac.org is the 21st most popular manage projects, share insights and wiki in the world and focuses on tax collaborate across remote locations issues for accounting professionals Online Intuit employees regularly engage on  QuickBooks Online Community online forums, run both by Intuit and by Forums  Quicken Online Community third parties, with clear guidelines about  TurboTax Support Forums posting and transparency  Accountant Online Community  JumpUp Small Business Forums Other Research teams are using online  JumpUp launched summer 2006, ethnography journals & vlogs to make it including tagging, bookmarks, easier for SBOs to track daily activities personalized profiles and forums  Podcasts launched by QuickBooks & TurboTax
    52. Top ten obstacles to new media 1) Inadequate resources (time and/or money) 2) Disconnected employees 3) Resistance to change 4) Desire to control communication/fear of unknown 5) Not convinced of benefits 6) Perceived lack of IT capabilities 7) Resistant culture 8) Senior management won‘t allow it 9) Legal/governance/regulation issues 10) Would require too much training
    53. The Relentless Pursuit…of the NBT Addiction To Bright + Shiny Objects
    54. ―Web 2.0‖ Is The Mother of all Bright + Shiny Objects
    55. Symptoms Of B.S.O.S. (Bright + Shiny Object Syndrome) A soft spot for buzzwords  A disposition to regurgitate the latest buzzwords you just  overheard An insatiable desire to sell ―the latest thing‖ to clients  A tendency to believe the hype, without investigating for  yourself A tendency to dismiss without investigating for yourself  Excess use of the word ―viral‖ viral…viral…viral.. viral…  Lack of interest in research or first hand experience  Total disregard for customer, brand or business needs 
    56. Ask Yourself… How does information flow in my industry?  Where do people get their information?  Does information flow in a centralized way?  How do consumers interact in my industry?  Do they hangout in networks?  How big are these networks?  Is my industry conservative?  What influences my customers?  Who influences my customers?  Is my product risky? 
    57. You Define The Risks In Social Media How do you ensure the brand is not comprised through comments?  How do you measure ROI? How do you know if you succeed?  How do you ensure the brand is not compromised through the company's  bloggers' posts? Will we need to promote the blog/social media programs and how will  they impact our current marketing strategy? What do we do if IT does not have time to be involved?  Is it worth the additional time?  Do you have the people resources needed?  Can you afford the additional operational (software, hosting) expenses?  What happens if your competitor is less risk adverse than you and steps  into the space first? How do you safeguard against getting ―blown-up?‖ 
    58. Evaluate the Social Tools
    59. Finally: Five Keys to the New Social Success Be Generous With Your Knowledge   Share beyond the marketing speak Be Consistent   Calendar your activities – daily, weekly, monthly routine Always Deliver Value   Listen, think, revise, teach, repeat Take A Stand   Take your strong positions to market Focus On The Long-term Benefits   Track your results in months & years
    60. Marketech '09: Using Emerging Media in Marketing Q&A Download slides at: http://www.danavan.net/amaiowa Need help after the presentation? Email dana@marketingsavant.com
    61. Marketech '09: Using Emerging Media in Marketing Download Slides at: www.danavan.net/amaiowa
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