26 marketing, media, research and cultural trends and 16 pieces of career advice presented to University of Toronto by Sean Moffitt, President -Agent Wildfire
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The ABCs Of What's Next
1. What’s Next in Marketing, Media & Research – The Trends that are Going to Drive Business …. and Your Career Forward - U of T Graduate Night – Agent Wildfire Presentation
2. An Unbelievable Offer 26 Bankable Trends 15 Pieces of Career Advice 3 Instant Fame Offers
5. Our Mission @ Agent Wildfire “ Get Noticed” “ Get Talked About” “ Get Advocated”
6. Buzz Marketing Social Media Customer Collaboration Brand Communities Influencer Marketing User Generated Content Product Seeding Social Networks Referral Programs Grassroots/Cause Marketing Experiential Marketing Viral Marketing Attention Overload We Do This…We Do It Well
10. Yikes, Advertising is taking it on the chin… - Group M forecasts media spending down 3.2% in 2009 - Zenith Optimedia forecasts 5.7% down in 2009 - Morgan Stanley could envision a +10% drop in spending depending on the economy
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14. There is hope… … Don’t Despair, 26 trends to capitalize on
15. A ttention Overload 3,000 ads get pushed at us each day - 6 times the volume vs. 40 years ago…the tougher it is to breakthrough, the more we do and invest
16. A ttention Overload More Volume Captive Audience Better Filters … Be the First … Get Clever … Learn SEO
18. Brand Community Building Running - Nike Plus Finance- Wells Fargo Stagecoach Island Hospitality – My Starbucks Idea B-to-B - Intuit Quickbooks Community Automotive - Camp Jeep Travel – Starwood’s The Lobby Tech – Dell Ideastorm eCommerce – eBay Powersellers Mobile – Virgin Insiders
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20. C ustomer Centricity Percentage of executives who believe the Customer Experience is the new battleground - 95% Percentage that believe they are delivering a positive customer experience - 80% Percentage of their customers who agree - 8%
27. Free Agent Agency Enterprise Watching/Reading Content Playing Online Games Socializing Watching Video Streaming (i.e. YouTube) Creating Personal Content Maintaining/ Sharing Photos Reading/Posting Message Boards Keeping a Blog Watching TV Online
33. I nfluencers “ The Ones Who Create Ideas” “ The Ones Who Spot & Scout New Stuff” “ The Ones Who Sell and Lead Opinions” “ The Ones Who Provide Credibility” “ The Ones Who Attract Attention” “ The Ones Who Connect & Spread the Word”
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35. I nfluencers Turning Users, Customers and Consumers Into Authors, Producers, Scouts, Testers and Collaborators & Broadcasters Into Community Members, Advocates, Ambassadors and Evangelists Thinktank/ Sounding Board Scout/ Mystery Shopper Advisory Council/ Cause Torchbearer Seeded Adopter/ Beta Tester Customer User Consumer Collaborator/ Producer Evangelist/ Ambassador/ Advocate Community Member/ VIP Insider Influencer
48. T ransparency/Authenticity You supply commodiities - Available You control goods - Cost You improve services - Quality But you render experiences - Authenticity
56. Future Marketing Tactics Source: Agent Wildfire What forms of word of mouth will experience the most growth in the next few years ? (top 3 choices) Social media marketing 37% Social network marketing 35% Mobile marketing 34% User-generated Content 31% Influencer marketing 28% Brand communities 20% Customer forums 17% Branded entertainment 16% Cause-related marketing 14% Brand microblogging 14% Buzz marketing 13% Corporate/brand blogging 11%
57. Future Marketing Tactics Source: Agent Wildfire What forms of word of mouth will experience the most growth in the next few years ? (top 3 choices) Social media marketing 37% Social network marketing 35% Mobile marketing 34% User-generated Content 31% Influencer marketing 28% Brand communities 20% Customer forums 17% Branded entertainment 16% Cause-related marketing 14% Brand microblogging 14% Buzz marketing 13% Corporate/brand blogging 11%