Click here to check if anything new just came in.
December 04 2010
Monitoring Social Media Paris 2010
As I’m starting my December tour of Europe -I’m currently on lay-over at the Athens airport-, I wished to point out an event that was not on my map when I started planning it.
I was recently invited to attend the Monitoring Social Media Paris 2010 day, on December 10 in the French capital. It will be a day of brainstorming and reflexion on the role of social media with some proeminent marketing, PR & new media professionals, like my Constellation partner, Brian Solis.
As the social business industry is slowly taking shape, I hope to see more and more gathering of people talking about business objectives, data and case studies, instead of the old -and easy- route of barking about how transformative social media can be and parroting Mashable articles1.
The agenda of MSM10 -that’s the official tag of the event- is really interesting. It compares well with the previous events which happened in London, San Francisco, Boston and New York City.
Cool thing is that I’ve got two tickets to offer. That includes the conference, catering and the networking session. I know that most of those who are reading this are in Asia, but, you never know, this might lure you to the beautiful city of Paris.
Just send me a tweet to @papadimitriou by telling me which will be, for you, the most interesting trend in new media in 2011. I know it’s broad and there’s no ready answer. That’s on purpose. I’ll just pick the two I found the most interesting (and might even mention you in a forthcoming interview).
It’s real-time, so you’ve got until Monday 5pm CET. Tweet away & I’m hoping to meet you next Friday!
- don’t misunderstand me, I like Mashable, but far too many so-called experts are just using it as a sole source of info for their “Twitter coaching days” or whatever
August 31 2010
IMMAP: Paid Media Priming The Viral Pump
The average Asian spends more time on…?
- Brushing Their Teeth
- Having Sex
- On Yahoo!
- On MSN
I’m not an average Asian. Nor is Ken Mandel, but he sure does know a lot about the Asian market. You know, being the VP Advertising, Sales & Marketplace of Yahoo! APAC and all.
And all? Well, more than that. People keep telling me how they’d love doing what I’m doing. Look elsewhere: I’d like to be Ken when I grow old.
His Internet & Mobile Marketing Association of the Philippines Summit keynote was, well, extremely cool. Turtleneck-less Jobs-cool.
When he talks about digital trends, we listen. I listen. Age is only a matter of perspective, but since he likes to call himself a veteran, I’ll hand him that title easily. He’s got chuck loads of expertise to share. And seven trends.
No standardized measurement
How right can he be about that one. I keep talking metrics and tracking with people I meet (one cannot fully close a loop without measuring). But if I’m not on the same page with you, there’s no way we’ll agree on objectives, be it for a campaign or for social conversations measurement.
Ken made it very simple. A big fat popcorn cup contains 37 grams of …fat. What does it tell you? Not a lot. Can you picturize fat? Are you able to evaluate what it is or what it does to you?
Well, Ken revealed, it’s equivalent to a full breakfast: two sunny-side up eggs, two pieces of toast & bacon. Or to a Big Mac.
Oh yeah, suddenly I understand the nightmare. Now, I’m not a popcorn guy. And I’m on a constant diet -friends can attest to that one. I still eat Big Macs though. I get it. Holy cow.
Take that same cup and say it is a campaign return on investment (ROI). And say the 37 grams are 37 Gross Rating Points (GRP).
Same story. How do you match that with CPC, CPA or engagement rate?
Wouldn’t it be easier to have standard measurement. To easily translate into leads, conversions, sales & profit?
Ken nailed it. For all the metrics we’re using, most clients don’t care. They want business objectives aligned with business goals. We all need to talk the same language.
Paid media has sisters now
I loved that one. Absolutely loved it. You know, I’m not from a pure marketing/advertising background. All I ever dealt with were business objectives, getting things done in a word. So when I hear people drowning themselves into the difference of Earned, Paid and Owned media, I -sometimes- scoff.
Come on, do you really think customers care about this division? No they don’t. Ken said it better than I ever could -I’m not as cool, ya know ;-)
No consumer is interested in the difference between earned, paid and owned media. It’s just media.
Get a grip, mix the three and see what works. I know what I’m saying doesn’t sound very scientific. Flame me. At the end though, it’s a trial-and-error industry. It’s an art surrounded by non-standardized metrics and bloody business objectives.
The advertising ROI is coming from a mix of these earned, paid and owned media. Yes, of course, Ken has an ad industry background and works for a major online portal, he wouldn’t dismiss what brings revenue, but he’s right. Think about it.
A good example? Ikea.
Consumers surf the stream
Oh boy, another guy who’s into surfing.
Ride the wave, not the board
➡ Jeremiah Owyang (quoting Duke Kahanamoku)
I suck at surfing. You might too. But it’s easy to understand: do not think social as a destination. It’s a dimension, for C’s sake! It’s everywhere around you. People are everywhere online. Know where they hang out, but don’t expect them to follow one pre-defined road.
Those who get that right will have success. The other will stay “social media ninjas” or old-farty advertisers.
You wanna lead those customers towards you? Be contextual, be a curator. Listen, they will listen back. Engage. They will engage back. They’ll know who you are.
In other words, customers might have ADD, the famous attention-deficit disorder, but if they don’t see your products through their streams, you’ve got a PDD, a profit-deficit disorder, most commonly known as the IDSD, I don’t sell sh*t disorder.
Digital flattens the funnel
This is very close to my definition of the Inception Loop -more on that in a later post.
There are no more clear steps. Awareness. Consideration. Purchase. They’re all in a cyclone. An extremely fast cyclone.
From awareness to purchase, it might take me under a minute on the web. I’ve got Twitter to hear about a new product. I’ve got reviews to judge it. I’ve got friends to vouch for it -or recommend it through Facebook Likes for instance. I’ve got information galore to learn about it. I’ve got portals to buy it.
And it’s real-time. It’s fast. The consumer purchase decision-making process becomes a hell lot faster. Be in the loop. Be in my loop. Or I’ll disregard you.
Imagine how impactful this is on brand management. The nice graphics or the funnels and all steps leading to a sale cannot be nicely schematically represented to your clients/boards/whoever-who-pays-the-bills anymore.
It’s unsettling. When surfing, you might fall. But you get up and surf again. And again. Fail fast, learn fast. No whiteboard planning will teach you that.
Mixing analog & digital
For those who stay in front of their screens, get out a bit. Not to get some Sun -well, it’s proven to do you good-, but to be analog for a while.
People keep asking me how I was able to create a network of cool people around me in such a short time. The answer is not Twitter. The answer is I went out and met them. I freaking spent hours traveling, whatever buck I could spare on paying for my own trips & full-price conference tickets. I still do that to this day. I go out. I see people.
Same for brands. Go out and play. Go meet your customers. Digital will never replace analog. Not in our lifetime anyway.
It can be with a simple gimmick, like the one Ken showed. Unilever partnered with Sapient Nitro to create a fun vending machine. One that will treat you with an ice cream if you made a great smile in front of it. And your pictures did go on Facebook, obviously (I’ll take smiles over those MySpace self-portraits any day). How would my 27″ iMac ever deliver me an ice-cream? Gotta go out
Now, I know a bit about vending machines. Well, I’ve seen plenty. Living in Japan and all, you know. Go to Shinagawa station and find those equipped 47″ OLED flat screens. Cool, heh?1
Now, the real feat here is the facial recognition software. The machine will actually suggest you drinks according to a database of stats (demographics mainly).
Male, 34, 6″5, bald. Will it recognize me as a Swiss and offer me some chocolate-based drink or as a Greek and recommend me some Ouzo?
It’s the internet of things. Machines do communicate data and play with you. The experience is not only behind your screen. It’s all around you.
LSC
Doubt this mixes well with LSD. Ken might know better. Location + Social + Commerce.
It’s been since SXSW that I’m hearing the first one. Location. Location. Location. Location. Location.
I might not be convinced of the road some location-based services (LBS) are taking on now, but this trend has legs.
The one who closes the purchase loop wins.
➡ Ken Mandel
Indeed! I don’t know which form it will take, but it will be:
Contextual. Fun. Simple. Real-time. Relevant. Predictive. Mobile
And you and your friends will be its fuel2.
In terms of campaigns, if you haven’t experienced an iAd, Ken is right, wait for it. It’s quite amazing. Makes you bow to Steve Jobs on stage in front of hundreds of people type of cool!3
Foursquare mayorships, barcode readers applications linked to a purchase call-to-action (Japan is big on QR for instance) or Dentsu’s iButterfly.
Mobile LBS + LSC indeed.
Branded Engagement
Social media is not a world in itself. We don’t call it social for nothing. People talk everything and nothing -I do a lot of nothing and chocolate myself. And people talk about campaigns when they’re great.
I mean, just look at the noise the Old Spice campaign did! Great ads4. The conversation was not sparked out of thin air. There was strategy. Investment. Work. And success at the end. Viral was only a result.
Or, as Obi-Wan said on stage:
Paid media priming the viral pump
Hell yeah.
IMMAP coverage: Paid Media Priming The Viral Pump Maria Ressa And Your Heroes Going Social With Your Brand The Corporate Culture Of Social Flickr photos
- Well, those who just said yes are just geeks: “freaking cool, a plasma screen on my vending machine, a big leap forward for mankind“.
- That was the topic of an presentation of mine last April, if you care to take a look.
- “STEVE KNOWS BEST” reacting to his own iPhone dissing in Media Magazine early ’07 LOL
- great abs too, girls, I know….
August 18 2010
IMMAP: The Corporate Culture of Social
Here’s my presentation from this morning Social Strategy Seminar-Workshop in Manila.1
Like last time in the Philippines, this is a new presentation. I like the audience here, they help me reshape my thoughts with their feedback. I need to make some adjustments to its dynamic, but the core is there.
I took the audience for a tour at my experience in management issues that arise with the integration of social technologies into corporations.
Organizational Culture Shift
The new interaction between the brand, the employees -the internal assets-, the existing base of customers -the external assets- & the potential customers, seen a as rings in expansion -rings of trust expansion-, is shaking the organizational roots of companies.
I’ve seen it happening in front of my eyes: power struggles between departments, executives being wary of employees’ empowerment, absence of strategy -from target definition to clear objectives- in the hastiness to jump on the social bandwagon, lack of expertise leading to social fallouts.
Clear strategic objectives and being advocates of internal change to succeed are factors maximizing the opportunities -and monetization- of social media.
From Anarchy to Participative Democracy
Most of the organizations I’m consulting with are still at a pre-socialization stage, where testing out means authenticity flies high, but where the experience for the customer can suffer a lot, not mentioning the absence of readability for executives steering the company’s strategy. I called that -bluntly- Anarchy.
The Protectorate -a UN Mandate of sorts- solution, to keep my political system analogy, by outsourcing social media handling to agencies is worth a look but the disconnect between the reality of a company and the message of an external body is often clear and hard to consolidate.
The Central Planning route offers constitency but doesn’t really take the various needs of various departments, social technologies being very different if used for customer support, talent scout or direct sales for instance.
Democracy is a model that remains costly, but certainly the one that offers an excellent balance without the need of total overhaul of the organization. Participative democracy, like the one I enjoy as a Swiss citizen, requires such a DNA reprogramming that I don’t think it will be achieved by most. Only newly-created companies built on that baseline -think Zappos- or small enterprises organizations can currently hope to get to that stage.
You know, Switzerland is still the only country in the world with a wide direct voting system. Hard to replicate indeed.
Evolution of Trust and Control
I also propose that trust and control can be correlated in their evolution. The term ‘brand’ still evokes a culture of ownership, thus a trust more limited than if relayed by -less controllable- employees and customers, who might not be controllable but who can increase loyalty -trust equity- towards prospects.
From the inner circle to the outer ever-expanding ones. In fluid dynamics talk, a ripple.
A ripple towards a bigger customer base. More sales. More revenues.
Interactive is Not Social
The creed of all this? Use the fast feedback loop that social media brings into the equation. Monetization of the opportunities of social marketing comes at this realization.
And with people being the field of that expansion, C2C -even for B2B companies- is playing a key element of this foundation.
C2C. Consumer to consumer. People to people. Human to human. Interactive is not social, be warned.
Digital Brand Health
Before my talk, Dr. Donald Patrick Lim2, ex-Yehey recently hired by MRM, shared a very interesting take on social capital. Using a financial output comparison, he proposed a new Digital Brand Health framework.
Finance wording:
Digital wording:
He assesses that by looking into components of online brand presence, one can derive the total health of the brand. This baseline become the pulse used for diagnostics and corrective measures.
Smart. I’ll comment the framework in another post. Hope Donald puts his presentation online for you to see, it’s worth it.
Socialgraphics
Jeremiah Owyang, whom I brought in my bags for his first visit here, ran his famous workshop of developing a social strategy. I’m sure he’s going to post this new presentation on his Slideshare soon, so let it just be said that he accompanied us on a fascinating journey from socialgraphics -the demographics and social technologies usage of your target- to ROI calculation case studies.
This presentation is the best I’ve heard from him yet. He’s stepping up his game every time. Impressive stuff. He has also mastered his on-stage persona. Call me lucky for having him as a friend.
Negativity is overblown
During the Q&A, Jack Madrid, GM Yahoo! Philippines whom I finally met in person after all this time conversing online, had a very sharp question on dealing with negativity.
I support the view that negative mentions are overblown in the eyes of many, meaning that they’re not as widespread as one would want to believe. They also allow for benchmarking. I will never believe that any product has no flaws. Negative reviews help me value the positive comments.
Now, product is the new marketing. Companies have thus to undertake self-inquisition journey to evaluates their offering -and themselves-, then only choose the right providers & consultants and train their staff appropriately.
By humanizing, brands also grab the added benefit of getting a more forgiving audience. Humans do forgive humans. Humans do mistakes. Brands are faceless.
In that regard, the Nestle debacle is proof, in my eyes, of poor foresight from the Swiss-based corporation. Crisis management know-how & processes are crucial on the real-time web.
Interestingly enough, I didn’t hear any of the attendees telling us how the loss of ownership bothered them during that Q&A. I usually get that a lot from executives. Didn’t they dare to?
The event, catered to C-level corporate people and marketing executives, was organized by IMMAP & Fiera de Manila at the exclusive Tower Club in Makati. Thanks to Leah, Nix, Norelyn and team for a fantastic event. I was honored to be sided with such great analysts like Jeremiah and Donald.
Note that Jeremiah will keynote tomorrow’s 4th IMMAP Summit (9.15am PHT), followed by the fascinating Maria Ressa, whom we had the chance to meet at ABS-CBN Studio 6 earlier this afternoon in Quezon City.
I’ll participate on a panel, ‘Going Social with your Brand’ moderated by Crisela Cervantes, head of ABS-CBN Interactive, at 4pm PHT. At 5.30pm, I will join Jeremiah on a live webcast hosted by the excellent TJ Manotoc.
My keynote on Social Listening & Earned Media is scheduled on Friday around 2pm.
- yeah, I know, it’s in Flash, anathema for an iPad user like me.
- and not David as I mistakenly wrote on my Twitter, Jeremiah calling him Patrick, TJ making fun of us in the process LOL
April 22 2010
The Future of Social Networking and Social Norms
Here’s the presentation material for the keynote speaking engagement I did an hour ago at the Social Networking Conference in Manila, Philippines.
I presented key important trends related to the future of social technologies and engaged the audience about their implication on our daily lives.
Here’s an embed link if you want to reuse the presentation on your website.
Thanks to the audience for being so nice with me. I will do a more detailed write-up soon.
May 25 2009
Maybe Soup is currently being updated? I'll try again automatically in a few seconds...
