Thursday, February 3, 2011

Advancing Strategy Social Marketing

Advancing Strategy for Social Marketing

"When it comes to digital marketing I believe marketers need to be more strategists & research minded than idea evaluators and implementers."
After discussing social media this year with senior marketers from several large brands, the implementer reference in the above tweet by Shiv Singh really resonates with me.
More brands are taking (social) community management activities back in house while seeking outside expertise to continue guiding decisions around social strategies and applications.
When it comes to the day-to-day of social marketing, corporate competence is rising -- and the "yeah, I get that, but what's next?" mentality is placing a higher demand on strategy with expectations of research (or at least experience) to back it up.
As I've been preparing to speak about Facebook marketing with custom applications at next week's Online Marketing Summit, I've found a common thread in the key takeaways pertains more to strategy than turn-key tactics. The following is a preview of a couple key topics I'll discuss as part of that presentation.
Game Mechanics for Custom Facebook Applications
For those of you sick of hearing about it, I'll start by saying game mechanics are not a magic silver bullet -- and I took great delight in hearing Gowalla CEO Josh Williams proclaim "we don't need no stinkin' badges" at last month's
However, like Williams, those who have an established understanding of game mechanics are better positioned to get ahead. Why? Because it's a matter of better knowing how human behavior works.
If you're aware of certain ingredients that foster a higher propensity for sharing a social experience on Facebook, then you may realize higher fan growth and engagement as a result of implementation.
I touched on the Sanrio/Hello Kitty gifts application as an example of this when discussing social intelligence for Facebook marketing.
Another recent and impressive implementation of game mechanics (and overall digital strategy) is Vail Resort's EpixMix, which is also promoted on the Facebook page.
Although the application doesn't reside on Facebook, the Connect functionality takes full advantage of Facebook sharing via passive, automated check-ins at six separate ski resorts, all enabled by an RFID chip embedded in your ski pass.
"Passive" means you don't need to pull out a mobile device for checking in. Updates to your Facebook feed are automatically posted based on your location with the pass, and one-time Facebook authorization.
A leading game mechanic in play for EpicMix is the use of more than 200 ski pins (digital "stinkin' badges") you can earn based on locations you ski at each resort, total feet of elevation skied and more. Although Vail Resort's CEO, Rob Katz, wasn't specific about adoption rate when asked last month, he was very clear about the fact that users signing on to share in Facebook exceeded expectations.
Game on.
Strategic Modeling for Social Strategies
While game mechanics address specific strategies from a human behavior perspective, the bigger and equally important picture pertains to how all elements of social marketing work together for the good of a business.
A valuable, but often overlooked practice is to adopt a model that facilitates a framework for strategy. There are a range of options with strategic models, but the one I follow is a layered ("Four Cs") approach: 

 
Content: This is the foundational element, focusing not only on the type of content (video, infographic, written, etc.) but also how to apply supporting research to guide its development and/or justification.



• Context: Think of this second layer as platforms enabling the display and distribution of your content. Facebook, for example, would be an element of context in this model.

•    Campaigns: This layer puts the context in action, addressing key variables around planning, implementation, supporting applications, visibility efforts, communication, and measurement.

•    Community: As the top layer, the strategic focus centers on loyalty achieved through specific campaigns, advocacy, or customer experiences. Community should be viewed as long-term, with the expectation of learning that can be applied to future iterations of strategy and research.

Practically speaking, we as marketers should be both implementers and "idea evaluators." But as strategists, we're called to a higher accountability -- one that distinguishes originality from repurposing, and activity from productivity. 




marketingseo

Friday, January 14, 2011

Will Search Drive Mobile Ad Revenues?

Will Search Drive Mobile Ad Revenues?

Last month, BIA/Kelsey released its annual mobile forecast. It projects mobile ad revenues in the U.S. to grow from $490 million in 2009 to $2.9 billion in 2014, a compound annual growth rate of 43 percent.But more interesting than the total revenue pie is the breakdown of formats that drive this growth. SMS and display ads currently lead in revenue but are projected to be eclipsed by the faster moving mobile search ad category over the next five years. 


 

By the Numbers
So why is that? There are intricate formulas to devise these projections, unique to the way that each of these formats are bought and sold. Inputs include search volume, ad coverage, page views, CPCs, CPMs, etc.
Aggregate revenue for top mobile ad networks are also used to confirm figures. Along these lines, Google's announced $2 billion global mobile run rate was affirming, given its estimated 60 percent share of the U.S. mobile ad market (including AdMob).
But looking back over why search ad revenue will accelerate so rapidly, a few interesting theories arise. First, it's projected that the mobile web is expected to grow at a faster pace than the native apps that have erstwhile ruled the smartphone environment.
Because search is the front door to browser-based experiences, this bodes well for search volume and thus revenues. Add in the fact that the immediacy and commercial intent of mobile users drives search ad "CTRs and CPCs higher than desktop equivalents.
Back to the premise that the mobile web will grow faster than apps, this is a bone of contention as the industry-wide "apps vs. mobile web" debate rages on. This is also one of the increasing points of friction between Apple and Google.
Google's core search business compels it to push for a world where the browser is the front door. Comparatively, Apple's app-centric universe spreads content and features into little self-defined buckets where search isn't quite as necessary.
This is much behind Google's outspoken support for the mobile web and its own practice to "develop first" for the mobile web for products like Gmail, Latitude, YouTube, and others. 

World Wild Web
But more so than Google's sway and the rest of the factors above, it could really just end up being a combination of economics and improving mobile browsers that push users and developers toward the mobile web.
Things like HTML5 allow developers to build mobile websites, (a.k.a. web apps), with features previously reserved for native apps. And it's much cheaper to build a web app and reach many more users across platforms.
As these factors take hold, the point is that we'll see more and better content fill the mobile web. By comparison, it now resembles the Wild West environment we saw on the desktop 15 years ago, where content is lacking, hard to find, and under-optimized.
Mobile ad network Chitika reports that only 4 percent of top online domains have optimized mobile sites. It's no wonder why most mainstream mobile users flock to app stores instead.
But this could all change as many of the factors above coalesce and as more content comes online. In parallel, we'll also see mobile users get better and more comfortable at searching the mobile web -- just like they did on the desktop over the past decade.
And don't forget parallel technologies that will make searching easier such as voice and visual search. This includes bar code scanners, voice search, and other inputs that are more intuitive than tapping a tiny keyboard.
Google, again in support of boosting mobile search volume, has made lots of investment in these areas, such as Goggles and voice actions for Android. It even announced that a surprisingly high 25 percent for its mobile searches executed with voice.
To tie all of this to a monetization engine, Google is increasingly adding options to AdWords to build mobile search campaigns. In 2010 it launched mobile pay-per-call ads and hyperlocal ad targeting. 

Repeating History
Through all of this, we'll start to see the mobile web become a much more functional, substantive, and friendly place to search. Monetization will follow. 

Don't forget, desktop computing over the past five years shifted from being a client-centric environment to one that's more browser-based, where content and software reside in the cloud. We'll see a similar shift in mobile.
Not to be so down on apps -- they aren't going away any time soon. If anything, Apple's move to bring them to tablets and now the desktop will ensure a solid future. But the mobile web will see faster growth.
That of course means more search volume. Combined with higher CTRs and CPCs than desktop search, it becomes a matter of arithmetic to plot a fairly healthy roadmap for mobile search ad revenue.

marketingseo