Dave Balter knows a thing or two about brand advocacy, and his experience may turn some of your assumptions about brand relationships on their head.
Balter is the founder of BzzAgent, a Boston-based agency that specializes in generating word-of-mouth awareness for products and brands. Over the past eight years, the company has recruited more than half a million brand ambassadors it calls “agents” and applied them to campaigns for more than 500 clients.
BzzAgent’s success challenges two items of conventional wisdom about marketing:
People don’t want to have relationships with brands; and
You have to pay them to spread your message.
BzzAgent doesn’t pay any of its brand agents. “As soon as you put cash in somebody’s hands, it changes their opinion,” Balter says. “What we say instead is that we’ll let you try products and what you say about them is up to you.” Just being involved in the campaign is a motivator. “BzzAgent is a natural magnet for people who like to influence.”
Earnest Advocates
BzzAgent recruits people from all walks of life with the simple promise of a special relationship with the brands they endorse. No one is coerced or enticed into becoming an agent or working on a campaign; if they don’t want to be involved, they shouldn’t participate.
“We tell people that we see them as a thought leader for a product. We send them the product, send a BzzGuide [brochure] to help them feel special and then they talk to other people as they want. We don’t tell them to what to say,” Balter says.
With no more compensation than that, some of BzzAgent’s most actuve participants devote 20 hours per week to evangelizing products. They’re asked to log on to a secure website periodically to tell about their activities. The comments – both pro and con – are acknowledged by a personal thank-you from a BzzAgent employee and transmitted to the client.
Both of these factors are powerful motivators for the core of agents, Balter says. “The idea that you’re so important that the brand is going to actually listen to you means your opinion matters,” he says. The personal acknowledgment shows that there’s a human being taking an interest in what the agent has to say.
Such influence enhances a person’s self-esteeem. Brand advocates also gain status from knowing that they matter and sharing that with their friends.
Balter believes that people do identify with brands and that identification is a badge of honor. “I think people want to ‘friend’ brands more than many of us can imagine,” he says. Being a vocal fan is a badge of honor. “It gains acknowledgement from their peers,” he says.
BzzAgent’s new BzzScapes site would tend to validate that opinion. Launched in late May, BzzScapes offers people the chance to build an online shrine to brands they support. Each BzzScape links back to an individual user’s profile, giving that person the distinction of being the first to express brand affinity.
In a little more than week, nearly 2,800 BzzScapes have been created for organizations ranging from soccer teams to soda pop. Contributors receive no reward other than the recognition that they were the first to establish an outpost. Some unlikely brands have generated impressive activity. The BzzScape for personal-care company Burt’s Bees has logged more than 22,000 contributions from nearly 750 users. The reasons aren’t clear. It seems that some brands just inspire that kind of passion from customers.
Self-promotion is all the rage in social media publishing these days, with titles like Stephen Van Yoder’s 2nd edition of Get Slightly Famous, Jorge Olson’s Unselfish Guide to Self-Promotion and Dan Schawbel’s Me 2.0 hitting the market in just the last few months.
I haven’t had a chance to read many of these volumes in any depth yet, but I did make it a point to pick up Scott Kirsner’s Fans, Friends and Followers when it arrived in the mail. Two reasons:
Kirsner is an accomplished journalist who knows how to tell stories, and I think stories are the essence of learning.
He’s a tight and efficient writer, so I knew that the 183 pages would be time well spent.
I wasn’t disappointed. Fans, Friends And Followers is packed with useful information about how to create a following online and possibly quit your day job. Kirsner, who writes extensively about film for a variety of publications as well as his own CinemaTech blog, did his homework, conducting dozens of conversations with successful artists who have created enthusiastic followings and featuring their words in a section of first-person narratives interviews that make up the majority of the book. He distills their experiences into 35 pages of advice about how to maximize your search visibility, use low-cost promotional channels and distribute products cheaply
And in the best tradition of practicing what one preaches, Kirsner self-published in both print and digital form and has taken responsibility for marketing the title himself.
Self-publishing shaved months off the production process. “I’d say about half [the books I receive from publishers] have gone stale by the time they get into my hands,” he told me in an e-mail exchange. Not only that, but authors can make considerably more money off of self-published books than those produced by commercial publishers if they promote them well.
I had heard of only a few of the people I met in Fans, Friends And Followers, but that doesn’t matter. These people have built legions of followers through hyper-efficient and inexpensive word-of-mouth marketing juiced by digital tools. The artists profiled here have little in common other than their ambition to chase a dream and the street sense to double down on opportunities. Some have made the jump to semi-stardom, like Richard Cheese and his band, Lounge Against the Machine. Most, however, are content with small but passionate groups of followers who provide just enough income for them to develop their talents. Not everyone in this book is making a living as an artist, but most are coming pretty close.
Audience Connection
Scott Kirsner
Another thread that runs through these interviews is a remarkable connection these artists have with their audiences. That’s because the tools they use, which range from e-mail lists to Facebook groups to fan-based distribution networks, are so easy to develop today compared to a few years ago. In contrast with the recording or film industry megastars, these people are almost addicted audience feedback.
Singer-songwriter Jonathan Coulton, for example, actually asks fans to sign a log book if they want him to come to their city. While planning a trip to Seattle, he messaged local fans that he was having difficulty finding a place to perform. Within 24 hours, a half dozen volunteers had come forth to help.
Many of the artists Kirsner profiles publish their own work and sell them out of their homes or through fulfillment services. There’s a nice section on how to do this, and the trade-offs of distributing through various means.
Fans Friends And Followers is clearly targeted at the struggling artist who has to do as much as possible with very little. If you want to learn how to market your business, there are other books better for that. Not many of the people in this book are getting rich, but all are getting by and they’re having a wonderful time doing something they love.
Kirsner thinks wealth will be in the picture pretty soon. ”In the near-term, the ‘pots of gold’ will definitely come from people who get signed to make records for big labels or movies for big studios,” he wrote. “But over the longer term, I do think you’ll see people who figure out a mix of projects that…get the best of both worlds.”
If you watch the Boston Marathon next Monday, keep an eye out for Jason Jacobs. He should be pretty easy to spot; he’ll be the one dressed as a giant iPhone.
Jacobs is the founder of FitnessKeeper, Inc. , which sells the RunKeeper iPhone application. RunKeeper uses the iPhone’s built-in GPS to track how far and how fast people run, walk, cycle and whatever. They can then share their numbers wit h friends.
The marathon idea came about after a pitch from some students at Emerson College three weeks ago. In Jacobs’ own words, here’s why he’ll be dressed as an iPhone:
With RunKeeper, we have been really big on “humanizing the brand” (check out @runkeeper on Twitter), and what better way to humanize the brand than to have a giant iPhone with RunKeeper on the screen actually running in the marathon?
We partnered with a team of undergrads in a social media class at Emerson College to help us put together a marketing campaign. They pitched me on the idea with only 3 weeks before the marathon, and I fell in love with it right away.
We jumped into action immediately. By the next morning, I had a marathon number (VERY hard to do), and we’ve been scrambling ever since to line up tshirt and other vendors, get the costume built, plan all of the race day logistics, build awareness in the community, etc. etc. And this is all while training for the race (typically an 18-week ordeal) in 3 weeks time. Even better is that we have been filming the entire process!
The plan is to launch a series of viral videos leading up to and immediately following the race, which document the prep for this campaign from soup-to-nuts, as well as the outcome. Think Apprentice meets Real World meets Behind-the-Music.
With mainstream media rapidly declining in scope, influence is increasingly being exerted from below by individuals using the power of self-publishing to reach out to their peers.
In recent influencer engagements, we’ve learned a few things about how to work with these new media. An important point to remember is that they do not behave like reporters. Journalists are skilled in the “game” that goes on with public relations professionals. You know: It’s the one in which PR is paid to keep pushing and the journalists is paid to be skeptical. The two parties engage in this back-and-forth with a wink and a nod, knowing that each has a job to do.
Influencers often don’t work this way. To them, their online outpost is a display of their passion for the topic that they cover. They care deeply about the subject matter and they usually know at least as much as the PR person who contacts them. Often they know quite a bit more. In some ways, engaging with influencers is like pitching product reviewers.
Know Your Stuff
You’d better come prepared to this engagement, because some influencers will take lack of knowledge on your part as an insult. This can capsize junior agency people who aren’t prepared for the depth of questions they will get or the scorn they may endure if they can’t answer. Again, journalists know how the game is played, but influencers are more likely to expect the person on the phone to share their enthusiasm. I recommend you put experienced people on this job.
Influencers are also likely to have an opinion. While journalists are expected not to share any biases, bloggers often do what they do precisely because they have opinions to share. Fortunately, a little advance reading can often clue you in to someone’s agenda and even help you decide if they’re worth contacting all. You don’t want to come in with a strong Windows pitch, for example, to a blogger who’s passionate about the Mac. You also don’t want to be blindsided by someone who has made his or her opinions clear and who is offended by the fact that you don’t know them. Again, 15 to 20 minutes of reading can save you a lot of aggravation.
Finally, influencers are more likely to want to get their hands on the product or to talk in depth with the people who develop it. Unlike journalists, they’re probably not interested in analyst quotes or customer case studies. It’s more likely they’ll want to talk to the VP of engineering or the CEO than to the head of marketing. Before you start an influencers program, be sure that you have these people on board.
Their time will be well spent. The right influencers have as much credibility in their community as product reviewers or analysts. They usually have extensive networks of online and real-world contacts and they’re likely to have experience with not only the your products but those of your competitors. Engage in a conversation. You might learn something from them.
If you haven’t seen it yet, check out this fantastic viral video from Disney Parks & Resorts. Parks VP for Global PR Duncan Wardle told me the promotion paid for itself in about 18 1/2 hours measured by the bookings it generated. Since then, it’s been shared by millions.
Personalization, wow! factor and easy shareability were the keys. Be sure to watch till the end and listen for Goofy. This is cool stuff.
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At this time of year, many publishers and bloggers do one of two things: look ahead at the future or back at the year just ending. Since Joe Pulizzi, Fast Company and iMedia Connection did a great job at social media predictions, I thought I’d rummage through my digital archives and offer my completely unscientific list of what made this year special for me.
Best Social Media Tool - That’s easy. It’s Twitter, the super-simple, deceptively powerful micro-blogging service that has people sharing their lives in 140-character increments. If you still don’t get Twitter, I feel your pain, but anyone who wants to practice marketing in the new media world needs to get with the program. If you need help, I’ll get on the phone with your people and tell them why it’s so important.
Best Social Media Disaster Story — Johnson & Johnson’s well-intentioned Motrin video turned into a PR nightmare thanks to — you guessed it — Twitter. To its credit, J&J earnestly listened, but the marketers’ failure to anticipate negativity and their eagerness to respond too hastily made this a bigger problem than it had to be.
Best New Face – Chris Brogan blew out of the pack to become one of the world’s top bloggers thanks to his prodigious output and shrewd self-promotion. He’ll soon hit 30,000 followers on Twitter and the 14,600 subscribers to his blog are a thing of wonder. I don’t know when the guy finds time to sleep. I’m fortunate to work with him on the New Marketing Summit conference and have a chance to learn from his success.
Best Book – Groundswell by Josh Bernoff and Charlene Li broke new ground by attempting to apply research and metrics to social media marketing. The book also told some great stories. Conflict of interest prevents me from choosing my own Secretsof Social Media Marketing, but that shouldn’t stop you from buying it!
Best New Software Application — In the ranks of software that tries to bring order to the barely contained chaos that is Twitter, TweetDeck does the best job I’ve seen.
Best Fall to Earth – Forrester reported that corporate enthusiasm for blogging was beginning to wane. That’s not surprising; most big companies do a lousy job of it. Expect retooling and new growth in the new year.
Best Viral Marketing Success – Cindy Gordon told just seven people about Universal Orlando’s plans to launch a Harry Potter theme park. Word of mouth spread the story to 350 million others in a matter of a couple of days. David Meerman Scott has the story.
Best New Product – The Apple iPhone 3G became the first true mobile Internet device and sold 3 million units in its first month. Expect plenty of new competition in 2009, which is only going to be good for consumers.Nokia has yet to play its cards.
Best Just For Fun – The most popular item in my newsletter is the squib about some crazy new Web resource we’ve found. Here are two of my favorites of 2008:
People always celebrate success, but they don’t give enough credit to really creative failure. Thank goodness, then, for The Fail Blog, a photographic tribute to failures big and small. Don’t look at this site in the office. Your colleagues will wonder why you’re laughing so hard. And don’t, under any circumstances, view it while you’re drinking milk, if you know what I mean…
Buddy Greene is the Yo-Yo Ma of the harmonica, and in this amazing clip from a Carnegie Hall concert, he will change forever your impressions of the capability and range of this tiny instrument.
A new study study by advertising firm MS&L’s influencer-marketing unit reveals that some 84% of digital influencers go online to find out more about something only after first reading about it in magazines and newspapers or hearing about it on TV or the radio. This is startling news. What’s even more startling is that the Ad Age story says nothing more about this finding, instead concentrating the rest of the story on Web behavior.
Consumers clearly like online vehicles that let them personalize silly messages. Ace Hardware’s “Ace Your Face” campaign allows users to upload photos and craft them into a wide selection of customized holiday scenes that the company itself describes as over-the-top and kitschy. The site attracted 60,000 people in its first two weeks, and the number is expected to build as the holidays near.
Meanwhile, OfficeMax’s classic “Elf Yourself” holiday promotion is running strong after three years. In the first three weeks of this campaign, 57 million people have personalized their elves.
73% of small business owners said they would rather take a stab at filing their taxes than set up a search marketing plan. Big fears: complexity and click fraud.
People planning to stay in New York’s Pod Hotel can now join a private social network that’s limited to guests who have already booked one of the hotel’s 347 rooms, which run between $99 and $200. Quoting: “On the site they can network with other guests weeks before their stay, coordinating meet-ups through common and pre-conceived experiences like “Drink with Me,” “Eat with Me,” “Shop with Me,” and “Go Out with Me.”" Apparently, this networking with total strangers is very popular, as the hotel’s revenues have jumped 400% in two years.
Super-blogger Chris Brogan has been embroiled in a debate over paid blogging that raises important issues about not just blogger credibility but the changing mechanics of trust in a democratized media world.
A recap: Brogan was one of a handful of bloggers targeted by Kmart in an unusual holiday promotion. The bloggers were each sent a $500 gift card to spend at Kmart with the request that they write about their experiences. They were also asked to invite their readers to enter a contest to win a comparable giveaway.
Brogan did as asked. He was favorably surprised by the changes he found. However, he also identifed some shortcomings, such as messy shelves and limited selection, that he commented upon. He disclosed prominently that this was a paid promotion.
Disclosure apparently wasn’t enough for some critics, who charged Brogan with selling his credibility for a gift card. A vigorous discussion on Twitter debated the ethics of his decision to accept the incentive and of Kmart and partner Izea to stage it. Brogan posted a detailed and thoughtful defense over the weekend, and prominent bloggers like Jeremiah Owyang have acknowledged that this is hardly a black-and-white case.
They’re right about that. This case is about nothing less than the challenge of determining credibility in the media world that is being ripped apart at the seams. For many years, we’ve had the luxury of taking for granted that media organizations could fund consumer advocacy reporters to act in our interests. With the ongoing crisis in print media now spreading into the broadcast world, it’s clear that this kind of reporting will begin to fade. It will be up to the emerging class of new influencers to figure out the rules.
In mainstream media, the standards were clear, at least in the US. Organizations like the American Society of Magazine Editors maintain suggested ethical guidelines that are broadly observed. However, there are no governing standards organizations or regulations, and professional journalists have to make their own choices about what is right. These decisions often enter a gray zone.
During my days in mainstream media, offers constantly came in from vendors and economic development organizations that exceeded in value our $25 or $50 limit on gifts. It was rarely a simple decision whether to accept these offers. For example, I once returned a lavish food basket sent to me as a congratulatory gift by a leading software company. My benefactors were so offended by my action that they never treated me the same way again. It would have been better for everyone if I had simply accepted the gift and distributed it around the office. That’s a case where doing the ethical thing didn’t really help anyone.
Of even bigger concern were the trips. Government economic development agencies frequently dangled all-expense-paid tours of their countries as an incentive to generate coverage. I only went on one of these excursions — back in 1984 — and it was clear that I was no less virtuous than my competitors, who also came out in force (in reality, the trip was rather grueling and not much fun).
To compound this complexity, different cultures have different rules. For example, European media organizations had few ethical problems with these junkets. In fact, vendor marketers have told me in the past that the only way to convince European journalists to cover their events was to pay all expenses. I don’t know if that’s still the case.
Making it Up
There are no broadly accepted standards in the blogosphere, so the community is making them up as they go along. For the most part, it’s doing a fantastic job. In fact, the debate over the Brogan incident testifies to the high ethical standards that bloggers are embracing. Mainstream media could learn from this.
It’s important that this debate be heard, because the collapse of our media institutions will increasingly leave influence in the hands of individuals whose biases and motivations are unknown. I know Chris Brogan personally, and his integrity is beyond question. In fact, I’d argue that someone in his position can’t afford to be anything but genuine. He has one of the largest followings of any blogger on earth, and it would be foolhardy for him to violate the trust they place in him for a few hundred dollars’ worth of graft.
But for less prominent bloggers, the distinctions aren’t so clear. With media institutions crumbling, the onus is shifting to the consumer to exercise healthy suspicion about their information sources. They must increasingly put their trust in people, not institutions, and this makes things more complex.
Track Records
In my view, the two most important criteria for judging credibility are track record and disclosure. A respected blogger is no less a brand than a respected media institution. In both cases, I give the benefit of the doubt to someone who has demonstrated over time that her word can be trusted.
Disclosure is the baseline for credibility. Anyone who attempts to influence opinion without disclosing potential conflicts of interest is doing a disservice to himself and his community. Had Brogan not disclosed prominently his financial relationship with Kmart, it would have cost him some of my trust. The fact that he did so, combined with his track record, gives me complete faith in the integrity of his opinions.
Businesses will increasingly use creative incentives in the future to gain the visibility they are losing with the decline of mainstream media. We’re out of our comfort zone and we will have to invent new standards of accountability. Perhaps an organization will come up with a rating system of some kind, but I think it’s more likely that we will figure these things out communally. Word-of-mouth has a remarkable power to identify credible sources.
Chris Brogan deserves our thanks for taking the heat and for responding so constructively. His critics deserve our thanks for raising the issue in the first place.
This 49-minute podcast from iMediaConnection’s Brand Summit interested me not so much for the marketing case study (although it’s a very good example of viral marketing) as for the honest description of the barriers these two Kraft brand managers confronted in selling their word-of-mouth marketing campaign. You won’t often hear corporate marketers speak so frankly about internal politics.
Adam and Tyler had to repeatedly sell the concept of giving up control over the message to skeptical colleagues, corporate lawyers and top management. Even after the campaign had successfully concluded, they still faced opposition. In some cases, they dealt with it by simply ignoring it or telling people what they wanted to hear. There’s also a good account around minute 40 of how they entered the blogosphere to engage with online critics when the guidance from management and legal was to remain silent. Here’s a link to a written interview, but you’ll get a fuller story from the podcast.
Josh Bernoff has a nice wrap-up of the blog/Twitter/Facebook storm that erupted this past weekend over J&J’s ill-considered “Motrin Moms” ad. The company could have avoided the whole mess by testing the ad with a group of moms, who are some of the most active online networkers. Such a simple way to avoid embarrassment and the cost would have been minimal. Now J&J’s smarting from the whole experience. McNeiil’s VP of marketing has the mea culpa here.
The credit company is experimenting with a Facebook community that offers small business owners a way to connect with each other and to get business management advice from Visa. More than 21,000 members have joined and the repeat-visit rate is twice the industry norm.
Here’s a novel promotion for the forthcoming movie “The Day the Earth Stood Still.” 20th Century Fox is creating a global participation campaign that enables people to vote on what they would save if the earth truly stood still. From the press release:
Earth’s Vital List, which launches today, poses the question, If the earth was under attack what would you save? Consumers are asked to build a “Vital List” of 12 items (people, places or things) they would save on “the day the earth stands still.” Vital lists can be shared with friends encouraging feedback and votes on which items are truly vital. The world’s most vital items will be tabulated on a global microsite. The site also provides visitors with a view on how items are being ranked around the globe.
A countdown to the film’s US release (12/12/08) will coincide with a special reveal of the world’s 1,212 most prized possessions on MySpace.com/earthvitallist.com.
I recently criticized corporate bloggers for spewing happy talk while the financial world melted down. So it was nice to see this profile of Marcy Shinder, VP of brand marketing and stategy for American Express OPEN. Amex responded quickly to the Wall Street crisis with a series of articles and multimedia messages aimed at small-to-medium businesses and outlining what the crisis means to them as well as steps they can take to survive the downturn.
Metrics expert Mark Ghuneim suggests that we still have a long way to go in evolving our thinking about viral video metrics beyond view counts. Marketers are beginning to think more holistically about how to measure success. Quoting:
According to a recent FEED Company study, some 70% of ad-agency and media-buying executives plan to increase budgets for viral video marketing in 2009. In addition, 72% of ad-agency executives and media buyers say their clients are “interested” or “very interested” in using viral video as an integral part of their marketing campaigns….
“Favoriting,” commenting, linking to, embedding, social network amplification and other action all constitute a level of user attention that must somehow be accounted for and given appropriate value.
In addition, a marketing executive would also want to know how users were discovering their video, as well as how quickly the view counts were growing. The velocity of consumption and adoption is an important indicator as well as factors beyond the standard impression and stream data. For example, are bloggers talking about the video? Are users micro-blogging about the video?
With an average member earning about $110,000 a year and more than $100 million in investment capital in the bank, you’d think LinkedIn would be sitting pretty. Yet the company is laying off about 36 people. Smart move. Don’t let VC love make you fat and happy.
Om Malik has little nice to say about Jerry Yang’s stewardship of Yahoo. Yang now basically admits he should have sold to Microsoft when he had the chance and the collapse of a partnership with Google is particularly painful. With the economy now in the tank, what’s next?
BusinessWeek is all breathless about the energy that social networks brought to election day, and there are some good stories/examples here. However, listen to NPR’s story on turnout levels for a more sobering view. Turnout was good for the US, but we still lag far behind other democracies.
Privacy advocates may blanch, but I think this is a totally cool way to mine patterns from search behavior that contributes to the common good. What an innovative idea!
It used to be that three mainstream media channels – newspapers, radio and magazines – reliably predicted the economy’s decline into a recession and its recovery. That all changed about three years ago. Newspapers and magazines fell while the economy was rising and show no sign of anticipating a recovery. The results, writes Erik Sass:
While softening ad revenue anticipated the two previous economic downturns by about a year, in the most recent case, the slowdown for magazines, newspapers and radio began about three years before. In addition, the declines have already proven to be steeper in this pre-recession period than at the height of the previous ones. This suggests that all three traditional media, suffering from both secular and macroeconomic trends, are poised to suffer unprecedented losses in the economic downturn that is now unfolding.
OMG, these numbers are terrible. At least we’re all in this together. Quoting:
On Oct. 28, the Conference Board announced that its consumer confidence index had plummeted to an all-time low of about 38 out of 100, a drop of over one-third from its level of 61.4 in September. The expectations index–which evaluates consumer sentiment about the future–went even lower, dropping from 61.5 to 35.5. Lynn Franco, director of the Conference Board’s research center, said the decline in the confidence index was “the lowest reading on record” since the index began tracking consumer attitudes in 1985
Macy’s said it will eliminate all magazine advertising in the first half of 2009, although its holiday marketing budget is still largely intact. Subsequently, The New York Times reported that Neiman’s specialty retail segment–including Neiman Marcus Stores and Bergdorf Goodman–saw sales tumble 27.6% in October, while Nordstrom is down 15.7%, and Target fell 4.8%.
Here’s one explanation for the story above. Quoting:
In a Shop.org holiday survey, 30% of online retail marketers said they were trimming marketing budgets, while 16% said they were reducing promotional spending.
45% of retailers said their budgets for free-shipping promotions were either significantly or somewhat higher compared to last year.
Forrester projects sales this holiday season will grow at the slowest rate ever, 12% vs. 21% a year ago.
45% of online consumers plan to buy less overall this holiday due to uncertainty about the economy, up from 20% in 2007.
A full 21% of consumers plan to shop primarily or entirely online this season, up from 19% last year. And 24% of total dollars spent this season are expected to be spent online, compared with 22% last year.
A survey last month and found that 67% of respondents consider themselves beginners at using social media for marketing purposes. Additionally, more than 87% of respondents are not regularly measuring the ROI of their social media marketing efforts. “
Metrics expert Mark Ghuneim suggests that we still have a long way to go in evolving our thinking about viral video metrics beyond view counts. Marketers are beginning to think more holistically about how to measure success. Quoting:
According to a recent FEED Company study, some 70% of ad-agency and media-buying executives plan to increase budgets for viral video marketing in 2009. In addition, 72% of ad-agency executives and media buyers say their clients are “interested” or “very interested” in using viral video as an integral part of their marketing campaigns.
“Favoriting,” commenting, linking to, embedding, social network amplification and other action all constitute a level of user attention that must somehow be accounted for and given appropriate value.
In addition, a marketing executive would also want to know how users were discovering their video, as well as how quickly the view counts were growing. The velocity of consumption and adoption is an important indicator as well as factors beyond the standard impression and stream data. For example, are bloggers talking about the video? Are users micro-blogging about the video?
BusinessWeek is all breathless about the energy that social networks brought to election day, and there are some good stories/examples here. However, also listen to NPR’s story on turnout levels for a more sobering view. Turnout was good for the US, but we still lag far behind other democracies.
Privacy advocates may blanch, but I think this is a totally cool way to mine patterns from search behavior that contributes to the common good. What an innovative idea!
With an average member earning about $110,000 a year and more than $100 million in investment capital in the bank, you’d think LinkedIn would be sitting pretty. Yet the company is laying off about 36 people. Smart move. Don’t let VC love make you fat and happy.
Om Malik has little nice to say about Jerry Yang’s stewardship of Yahoo. Yang now basically admits he should have sold to Microsoft when he had the chance and the collapse of a partnership with Google is particularly painful. With the economy now in the tank, what’s next?