Tag Archives: Internet marketing

Water Everywhere But…

I know – you were thinking about Coleridge when you woke up this morning.  Hey – me too!  In particular, the line from the Rime Of The Ancient Mariner about “water, water everywhere but nary a drop to drink.”

Image representing YouTube as depicted in Crun...

Image via CrunchBase

OK, I didn’t wake up thinking that but I was reminded of it when I read some data put out by the folks at Outrigger Media.  They measure how brands use YouTube.  The top 500 brands generate 442 million views every month – a bit less than a million each on average, which is pretty good.  But there are some other data which are a little concerning that I thought you might find interesting.

If you’ve spent any time on YouTube (go ahead, admit it!) you’ve probably noticed that much of the branded material is just repurposed TV ads.  In fact, in some brands’ categories (food & beverage), 15% of the videos are just that.  The technology, automotive, and apparel brands (who seem to do a lot of original content – demos, mini-movies, etc.) on YouTube are attracting the largest audience, more than half of the Top 500 brands’ monthly views.  However, the top brands channels are averaging just 35,000 subscribers, which is way less than their number of Twitter followers (more than 200,000).

Many clients have mentioned “going viral” as a goal with some video content.  I caution them that it’s a lot easier to capture lightning in a bottle.  Basically, there’s research that shows you’ve got about three days to make that happen, and if the content hasn’t been shared a lot by then it’s probably not going to happen (even though it can keep growing for a few months).  That said, the Outrigger data shows that we have a fertile field – YouTube – that’s one of the biggest audience areas on the internet and yet brands can’t seem to make anything grow there on a consistent basis.  If consumers had a strong interest in what the brands were planting, why wouldn’t they be asking to be updated regularly by subscribing?  Apparently, not enough fear of missing out in this case.

YouTube is the ocean – there’s water everywhere in the form of consumers from which thirsty brands are trying to drink.  Look like Coleridge was right.

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The Social Media Team

One of the areas that will continue to grow this year is corporate use of social media. I know – big, bold prediction on my part. In any event, it was because of this that I read the recent release of data from Ragan/NASDAQ OMX Corporate Solutions. You can read the study called “Structuring A Social Media Team” here.  The research asked a couple of thousand respondents about how their company uses social media and how they’re structured to support those efforts.  The results are not particularly surprising.  In fact, I find them a bit alarming.  Let’s see what you think.

  • Sixty-five percent of respondents do social media on top of their other duties. For those who do social media exclusively, nearly eighty-three percent work on teams of three or fewer.
  • Sixty-nine percent are dissatisfied or only “somewhat satisfied” with how they measure social media. Only thirty-one percent are satisfied or very satisfied. And many say they lack the time to track data or aren’t even sure what to measure.
  • Only thirteen percent describe their efforts as advanced. Slightly more than half agreed with the statement, “We keep our heads above water, but not by much.”
  • “Ownership” of social media is murky, and the question may even become passé as numerous departments within organizations jump in.

So most organizations don’t have an employee who focuses exclusively on social media. It appears from the data that it’s an added responsibility for someone who is assisted by interns. While as a manager I understand the “efficiency” of this, I’m not sure I’d trust what is becoming my organizations public face to someone who is doing it as an afterthought.  Think about some of the social media disasters we’ve seen – how often is an intern involved?  The fact that marketing, PR, and other departments all lay claim to a piece of these efforts makes it a difficult task to get goals clearly defined too.

I’m not quite sure what to say about the lack of measurement   I don’t believe in doing anything in business without some method of accountability and not having any idea about what to track much less how to track it is disturbing.  Only thirty-one percent of firms report measuring sales while everyone else seems focused on “likes” and followers – a measure of quantity, not necessarily quality or response.  the lack of time and/or manpower is also cited (by nearly 2/3) as the main reasons why there isn’t more and better measurement.

It’s a pretty comprehensive study and if you use social media for business you might give it a read.  Then hit the comments to let us know what you think.

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