Category Archives: Consulting

September 16, 2015 · 10:08 am

Changing The Weather

There was a piece on CNN’s site last week that dealt with some changes happening at The Weather Channel. I don’t know about you, but that’s one of the channels I find pretty indispensable, even though my cable service provides a 24/7 local traffic and weather channel too. Over the years, I’ve noticed that the folks at Weather have been adding weather-related programming, and it’s frustrating when you turn on the channel to get an update only to see “Fat Guys In The Woods” or some other canned stuff in lieu of live weather. Apparently, other have noticed as well and Weather is reacting. What they had to say is instructive for all of us, no matter what our business.

Winter of 1946–1947 in the United Kingdom

(Photo credit: Wikipedia)

According to the article, they just announced layoffs:

About 50 of the channel’s 1,400 employees will be leaving. The plan calls for a singular focus “on our unique strength — and that is the weather.” With the cable channel bundle coming under increasing pressure, and “skinny bundles” becoming more common, “it’s inevitable that channels will be cut,” Weather Company CEO David Kenny said in an interview. With this in mind, “we need to be really clear who we are,” Kenny said.

That’s the business point.  There is always the temptation to expand the meaning of our brands.  As we’ve discussed before, we’re not really in control of that meaning anymore: the consumer is.  What The Weather Channel did was to dilute the meaning of the brand, which in this consumer’s mind was live weather and analysis.  I realize that when it’s a sunny day everywhere there isn’t a lot to say, but it’s possible to bring in non-live segments (not programs) while preserving the core identity.  When the channel was taken off DirecTv for a few months, suddenly someone realized that they were no longer indispensable and the basic business model of subscriber fees was put in jeopardy.  Not good.

Ask yourself what is working for your brand.  What does it mean in consumers‘ minds?  You can’t alienate or confuse them while you try to grow the brand’s meaning.  As the man said, be really clear about who you are.  Make sense?

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September 10, 2015 · 9:25 am

CPT

Making sense of data is really hard, and making sense of data from multiple sources which report in different ways is damn near impossible. Once again, we in the world of marketing are our own worst enemies, I guess. We could learn from our friends in finance.

Pick up any financial report and you’ll see the same statistics, generally reported in the same manner. That manner is GAAP – Generally Accepted Accounting Principles. While CFO’s and analysts have a little leeway within those principles, usually when you look at a piece of data for one company, something labeled the same way for another company means the same thing.

Not so in marketing. I mean, we do try. CPM has always been a measure of efficiency in media. The problem is that there are lots of ways to get to that number, especially in digital. Number of banners displayed? Number of viewable banners displayed? Should it just default to the impressions for which I’m being billed or do I want to factor in things such as actions taken (clicks, etc.)?

I think we need something like a Cost Per Touch metric. This would something standardized and would factor in the number of touch points across all media. An engagement on social media is counted just as is a video watched (you can decide the relative values of each). Actually, I don’t care what we call it but we need something akin to GAAP in the world of marketing data – something that can align web analytics, SEM numbers, social touch points, customer service, etc. Something that can help us to make sense of all of those disparate sources of big data.  Once we’ve standardized all of these things, all the other activities which depend on them become more efficient and productive.  Of course, it also means that there isn’t anyplace to hide since we can’t manipulate the numbers past a certain point.

Your thoughts?

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September 9, 2015 · 9:00 am

Hearing Aids

One thing that I find when speaking with clients and others on the topic of social media is there seems to be a fundamental misunderstanding of what social is all about. Most of them seem to approach social as yet another megaphone. The reality is that social media is a hearing aid. Most of them want to be speaking when they really ought to be listening, and that fundamental difference has resulted in some pretty disturbing trends.  

First, data shows that companies are speaking a lot more in social than they are listening. Brands send four times as many posts as replies, according to data from the latest Sprout Social survey. My guess is that this has to do with a couple of factors. First, the management team is still fixed on the old way of thinking about marketing: we talk, you listen. Second, this results in a content strategy, not a service strategy. Third, it’s easy to hire a single social manager who can schedule your posts in advance and work across many social platforms. All of this is pretty wrong in my book.

I won’t spend any time on the changed (notice past tense) nature of marketing. The customer is in control of the brand to a large extent –  deal with it. If you’re listening to what those customers are saying you must, be nature, be servicing what you’re hearing unless you don’t mind missing golden opportunities. Sprout Social’s data says brands are, in fact, doing just that. Most brands ignore 88% of messages on social media. That’s 7 in 8 social messages to brands go unanswered within 72 hours. Sad…

Finally, brands are not set up to support constant service. I know resources are a challenge, but as I’ve said to clients, if you can’t support a platform properly you need to wait to deploy there. Social media is still in its infancy, and like any infant it requires constant monitoring and support. Ignoring customers almost 9 times out of 10 is insane.

We need to be responsive and engaged.  We need to use the hearing aids and drop the megaphones.  You agree?

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