Tag Archives: Advertising and Marketing

September 16, 2014 · 10:54 am

Can You Trust Your Customers?

It’s not news to any of you who are paying attention to media but we’re at a tipping point.

1898 advertising poster

(Photo credit: Wikipedia)

The cracks in the traditional patterns of media consumption have widened to a point where the foundations of those patterns are falling down. Need proof? How about this morning’s piece is the Wall Street Journal:

Hopes that TV advertising will rebound this fall are beginning to dim. TV networks have been banking on a surge in ad spending in coming weeks, ever since an anemic second quarter reported by media companies and a weaker-than-expected “upfront” advance ad-sales market for the new season. The new season doesn’t kick off until next week but already sentiment is starting to change. On Monday, Jeffries analyst John Janedis lowered his estimates for advertising revenue growth in the second half of the year for most of the biggest media companies

Or this from Kantar Media:

“Four of the nation’s five biggest advertisers,” including Procter & Gamble and AT&T, “cut ad spending on traditional media and online display in the first half of the year.”

So now what?

Millennials spend 30 percent of their time with content created by their peers. This means they’re spending more time with peer-created content than traditional media combined (print, TV, and radio).  Nielsen’s most recent study indicates that Americans aged 18-24 watched a weekly average of 19 hours of traditional TV during Q2 2014. That was a substantial 2-and-a-half-hour drop-off from Q2 2013, which in turn had been down by an hour from the year before.  Spending more heavily in those channels isn’t going to happen.  The impact of most digital display is negligible.  Where is the light at the end of the tunnel?

The answer might just be in the audience itself.  Putting consumers and their messages about the brand front and center – probably through social channels – might just be the way forward.  That’s where is the audience is spending time and the messages are from trusted sources.  As Nielsen found:

Word-of-mouth recommendations from friends and family, often referred to as earned advertising, are still the most influential, as 84 percent of global respondents across 58 countries to the Nielsen online survey said this source was the most trustworthy

The real question is do you trust your consumers enough to hand over your brand?  Can you get on board with them creating content that you’ll push for them?  Are you willing to provide tools – images, logos, whatever – or to promote the products that consumers choose, not those slated for promotion in the marketing plan?

Interesting times.  What’s your take?

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September 2, 2014 · 11:36 am

Mistakes You’re Making With Content

Now that the summer is over (I’ll wait while you boo), many marketing teams are getting back to work.

Collection of Marteting books

(Photo credit: Wikipedia)

One area that is on many of their minds is content marketing.  I’m a fan when it’s done right and unfortunately it’s increasingly rare that brands are going down that path in a way I admire.  Let me explain.

As the folks as the Content Marketing Institute say:

Content marketing is a marketing technique of creating and distributing valuable, relevant and consistent content to attract and acquire a clearly defined audience – with the objective of driving profitable customer action.

Putting aside how and why there is already an “institute” for something so relatively new, I like that definition because it emphasizes what’s missing in much of what’s being produced – value.  As an aside, the fact that it only implies a customer-centric view is a shortcoming but I guess that if you’re focusing on “valuable” you must focus on the recipient’s view and not your own.

That’s the first mistake many companies make.   This isn’t advertising, folks.  Yes, potential customers are after information but they are trying to make intelligent, informed decisions.  Done properly, good content marketing fills that needs and helps them to do so.  Done badly, it’s another ad they toss and ignore.

We all know people on social media who overshare.  I don’t mean that in the Too Much Information sense (no, I don’t care what you had for breakfast) but in the 100 posts a day sense.  They share or retweet damn near everything that crosses into their stream.  Bad content marketers make the same mistake.  Sure, you’re just trying to be helpful but you need to strike a balance between helpful and annoying.  When you have something useful to say, by all means say it.  When you’re just publishing to make noise, think again.

Finally, one tenet of creating any kind of content is to write what you know.  Companies who make cars shouldn’t be giving out recipes unless they’re hiring noted chefs to write them and publishing them is a way that makes sense:  here is how to use your new Model X for tailgating and here is some great recipes to help you to do so.  You can’t be all things to all people.  Be a resource in your areas of expertise and avoid all the others.  Your audience will thank you.

Oh – one last thing.  Do NOT hide an ad as a piece of research or a white paper.  I’ve written about that elsewhere so I won’t belabor the point.  Be transparent.  Be real.  Add value.  Don’t be sneaky.  Your thoughts?

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August 28, 2014 · 9:25 am

Learning From Silliness

A little good news for a change emerging from all of the silliness that is the Ice Bucket Challenge:

As of Wednesday, August 27, The ALS Association has received $94.3 million in donations compared to $2.7 million during the same time period last year (July 29 to August 27). These donations have come from existing donors and 2.1 million new donors.

Having known people who’ve suffered with this horrible disease (as well as being a lifelong Yankee fan and admirer of the Iron Horse),  working to beat it is a worthy cause.  That said, there are a few things which we can take away from the videos of the last month which might be instructive in our own business endeavors.

First, let’s think about lemmings.  We humans often behave collectively, like lemmings. Once the pack starts in a particular direction, particularly one that seems appealing, many people just go along.  I’m not sure many of the folks who have participated in the meme gave a lot of thought to where the money was going.  I mean, who looked up the ALS Association’s records?  How much are officers paid?  How much do they pay for fundraising?  What are their lobbying expenses?  Most importantly, how much of the money they receive actually goes to grants and research?

As it turns out (yes I looked it up), they’re a very fine organization on all those counts (you can read it here).  The point is that once something reaches a critical mass, many people will participate even if it’s only due to Fear Of Missing Out, without digging too deeply into the thinking.  In this case, everyone from kids (who I doubt understand the disease) all the way to former presidents went along.

That raises point 2.  How to reach that critical mass.  This challenge happened almost entirely via social media, specifically Facebook.  I think it’s a seminal moment and points out how media has changed.  What implications does it have for marketing?  The big one, besides the use of “new” media to activate a consumer base, is that organic growth bests anything we can manufacture.  The ALS Foundation didn’t start this – a consumer did.  How do we get our influencer bases to do the same?

We can enjoy the silliness of the Ice Bucket Challenge in the face of a horrible disease.  We can learn from it too.  That’s my take.  Yours?

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