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Rebecca Lieb's picture

Digital Marketing & Media: What to Watch in 2013

Predictions can be fascinating, but let’s face it. No one I know is in possession of a working crystal ball, and digital marketing and technology move way too quickly and too erratically to do much more than keep us guessing (not that that isn’t half the fun).

I’m an analyst, not a psychic. So rather than play the “what’s next?” guessing game, let’s instead focus on “what’s important?”

These are the areas I plan to keep a close eye on in 2013. What would you add — or subtract — from this list?

1. Media Convergence The blending of paid, owned and earned media will continue and intensify in 2013 spawning new technological solutions, necessitating new skills, new workflow systems and new partnerships. As the lines continue to blur between what’s paid, owned and earned in digital (and soon, traditional) media, this will be the trend that governs nearly all other major change in the digital marketing and media landscape.

2. Native advertising Between banner blindness and the fact that display, search and social advertising has largely moved toward programmatic buys that are much less profitable for publishers, we’re seeing a number of technologies and solutions emerge to facilitate native advertising, one of many terms for plonking content (often, unbranded content) into ad units (a manifestation of media convergence). Products and solutions in this area will continue to emerge, more publishers will accommodate it, and no doubt we’ll see some interesting, large-scale media partnerships emerge as a result.

3. Demand for broader skills and tighter workflows will intensify intensifies Looping back again to media convergence, the increasing overlap between paid, owned and earned channels is creating a demand to bring in new skills and more closely integrate workflows within disciplines. Take PR, for example. Traditionally, public relations has specialized in owned (content) and earned (in the sense of traditional) media. Throw in native advertising and suddenly PR agencies are faced with the prospect of media buying, a skill that’s always been the exclusive domain of advertising agencies.

And with media buying come other skills such as media optimization and analysis. Put otherwise, digital, which has become increasingly siloed and Balkanized in recent years, will no longer be able to pull the “that’s not my table” routine. All players must develop an understanding of related digital channels (search, social, email, analytics), as well as come together around a table and really, truly play as a team.

4. Real-time marketing & listening platforms Real-time marketing demonstrably works — not just in social channels, but across the marketing spectrum. A recent GolinHarris study finds real-time not only positively impacts standard marketing goals — word-of-mouth, attention, preference, likelihood to try or buy — but it also turbocharges other marketing initiatives, including paid and owned media effectiveness. Event- and news-driven marketing will become increasingly vital as brands work to become more relevant. This requires sophisticated listening and monitoring platforms, and often 24/7 staffing. Teams require tools, and training to respond in accordance with social media policies and in the brand’s voice. They must also be permitted to work in an agile environment, free of the chain-of-approval strictures that are antithetical to real-time marketing.

5. Organizing for content marketing & content strategy As brands recognize the necessity of adding content to the marketing mix, they quickly realize something else. Precious few organizations have a Content Division. In 2013 brands will begin to address this deficiency in earnest. They will hire, reorganize and make room on the org chart for effective content marketing operations that work in concert with existing marketing functions from social to communications to brand, creative and advertising.

6. Visual information takes precedence Research I published in early 2012 demonstrates that when marketers are asked what kind of content they’ll be investing in going forward, anything visual takes precedence over the written word. The unfettered growth of Pinterest, infographics, Instagram, and Tumblr, not to mention the always-growing popularity on online video, bears this out. Visuals capture attention. In a world in which brand messages clamor for consumer attention across screens, devices and channels, a picture is worth the proverbial thousand words. Keep your eyes open in 2013. It’s going to be a colorful and visually arresting year.

7. Online/offline channels converge, i.e. everything becomes more digital As media become more digital, we’re seeing digital messages appear in new places: out-of-home channels such as billboards and digital signage, as well as TV screens, are hosting streaming and social media.

The above are my top seven, but I’ll be keeping an eye on some other trends next year. Mobile is always changing rapidly, gamification is developing and interesting, so is wrangling and making sense of big data.

The single most interesting trend in 2013? Easy. It’s the one we don’t even know about yet.

Rebecca Lieb's picture

Yes, There's Fraud Online. Deal With It.

Breaking: everything you see and read on the internet isn’t true.

Hope you were sitting down for that surprising revelation.  I know, I know, it’s not that big a surprise, but that’s why it’s constantly surprising that people are…surprised by it.

A reporter from one of this country’s leading metropolitan dailies contacted me recently about the late-summer revelation from Facebook that some 83 million (or 8.7 percent) of its user accounts are fake. Facebook is, after all, a platform based on the value proposition that its users are behind real identities.

Doesn’t this blow Facebook’s value proposition out of the water, the reporter wanted to know. Isn’t this an incredibly high number of fake accounts? How could they allow this to happen?

Relax. The problem is hardly endemic to Facebook. Fake accounts, whether malicious in nature or not (Facebook estimates only c. 1.5 percent of active accounts are, in fact, malicious – the others are mostly duplicates, users under the age of 13, your dog, etc.) come with the territory – online or off.

Facebook is working to identify and disable fake accounts just as the search engines are working to combat click fraud – for years now. As ISPs work to block oceans of spam.

Oh, and did I mention fake online reviews?  Yelp has resorted to a sting operation aimed at shaming businesses that are caught trying to game their ratings system. They’re posting “consumer alerts” on those businesses’ pages, and exposing the emails they send to hire favorable reviewers. (TripAdvisor is also participating in its own version of the walk of shame.) So widespread is the fake-review practice that Gartner estimates by 2014, 15 percent of all online reviews will be fake.

Companies running online sweepstakes often encounter fraud, fakes and undesirable metrics in short order. A few years back, I looked under the hood of several soft drink sweepstakes aimed at males aged 12 – 24 (Coke, Sprite and Mountain Dew, to name a few of the brands). I asked Hitwise (now Experian Hitwise ) to crunch the data. They clocked the overwhelming majority of entrants as low-income females…over 45. They weren’t clicking on ads, but rather on a link on contest-aggregator site Sweepstakes Advantage.

Blame the Internet – Or Human Nature?

Somehow, when fraudulent, misleading or even unintentional things happen online, “the internet” is to blame. Or Facebook. Or Google. Or the dating site that was a 14 year old girl’s first step into a bad situation – never mind that a 14 year old had no business being on the site in the first place.

No one seems to be stepping back and saying things like, “Contests are overwhelmingly popular with low-income, middle aged women. Is it wise to run a sweepstakes to reach young men? If we do elect to go that route, how can we ensure we reach the target audience?”

Just as retailers account for “shrinkage” in financial forecasts, digital marketers must account for wasted clicks and impressions. Comes with the territory. There’s always going to be clickfraud. Chihuahuas and Yorkies will continue to update their Facebook newsfeeds (or, even further violating Facebook’s TOS, allow others to do this for them.) People who aren’t 100 percent neutral (like maybe the owner’s mother-in-law) will review restaurants and hair salons – favorably or unfavorably, depending.

Offline Corollaries are Much Worse

While the media are quick to blame “the internet” for a multitude of crimes related to fraud, companies like Facebook, Yelp, TripAdvisor, Google, Bing, Yahoo, and all the major ISPs get little public credit or acknowledgement for their efforts to combat said fraud. Much of the knowledge we have of online misconduct was revealed by these companies themselves. It’s transparency and disclosure.

Not so their offline bretheren. A quick search of “inflated circulation” results in a veritable rogues’ gallery of news stories indicting companies like Time Inc., News Corp, Newsday and other major publishers of being caught in the act – not openly revealing they are combatting a problem.

Forbes recently indicted USA Today for padding hotel bills to the tune of $82 million annually for those unwanted, untouched copies of the newspaper in front of your door in the morning (nearly one million copies per day that you probably don’t read, and probably are billed for).

Online fraud? Yeah. It’s a problem. It will always be a problem. Just like in the real world.

Rebecca Lieb's picture

Co-Op Advertising: Digital's Multi-Billon Dollar Opportunity

If you work in digital marketing in some capacity (if you’re reading this, it’s likely you do), you probably devote little to no time thinking about co-op advertising. You may only have the vaguest idea of what coop advertising actually is, or how it works.

While you’re ignoring coop advertising, the manufacturers who run coop programs are equally busy ignoring you. They’re too busy pumping an estimated $50 to $520 billion into their coop programs annually.  Online advertising may be growing by leaps and bounds, but it’s getting significantly less than one percent of this enormous sector of the market (by comparison, GroupM estimates total U.S. advertising spend this year will be $153 billion).

While the above figures indicate valuing the coop advertising market is difficult, clearly it represents a huge reservoir of potential digital spend. So how come digital is getting so little of it? This is a topic I’ve been discussing with the IAB for some time. Recently, they asked me to look into the issue more deeply. My findings are available on the IAB website as a PDF download.  Here’s a brief overview of what co-op advertising is, why digital is missing from the equation, and what steps the industry might take to rectify a clear imbalance.

 Coop Advertising Defined

Coop advertising is an agreement between a manufacturer and a retailer to share advertising costs. Typically, manufacturers underwrite from 30 to 50 percent of advertising costs, though contributions from 75 to 100 percent aren’t uncommon. Different manufacturers have different policies. They may provide creative, furnish the ad, or underwrite only media costs.

There a numerous beneficiaries in this ecosystem. Manufacturers get increased exposure at a lower cost. Retailers benefit from brand name product associations, while smaller retailers who might not otherwise be able to afford to advertise can, thanks to co-op dollars. Agencies and media companies can increase their billings, and media companies fill ad inventory.

The Missed Digital Opportunity

Of over 1,000 coop programs listed in the Local Search Association’s database (representing over 1,700 brands), only 223 permit limited forms of digital advertising, generally search and display. Several explicitly forbid coop dollars from flowing into digital channels. This, despite hockey-stick growth in local search, advertising, targeting, daily deal and coupon sites, etc. (and local is, of course, the bread and butter of retailer-focused coop programs).

A recent study by Borrell Associates estimates the online co-op market currently makes $1.7 billion available, with $450 million of that left on the table “for lack of participation.” Couple this with the majority of co-op programs that limit or preclude allocating spend to digital channels, and the potential value of this market could very quickly exceed $5 to $10 billion per year. This is roughly double 2011’s online retail spend of $7.1 billion (IAB/PwC).

Clearly, it’s time to take stock of the obstacles that prevent this revenue from flowing online. We identified three primary stumbling blocks:

  • Complexity and multiplicity of digital channels On both the manufacturer and merchant sides, the sheer amount of knowledge required to advertise in digital channels is a formidable barrier.
  • Lack of infrastructure On the manufacturer side, co-op advertising sometimes falls under the auspices of marketing, but more frequently is a function of either the sales or the finance department, areas inherently unlikely to be versed in digital marketing strategies or tactics.
  • Lack of guidelines and requirements - Co-op advertising program rules around issues such as logo usage, mentioning competitive products, and general branding requirements are established in traditional channels. Digital provides range of new challenges (e.g. manufacturer rules around bidding on brand or trademarked terms in search).

With billions of dollars on the table, its time the industry met these challenges head on. Our recommendations include strategically and tactically addressing a multipronged approach.

  • Awareness Just as manufacturers and retailers are unaware of the potential benefits of online advertising, not to mention the actual tactics and techniques for executing digital campaigns, so too is the digital ecosystem largely blind to the potential and the workings of co-op advertising.
  • Education Channels, metrics, targeting, and the like are close to a foreign language for many retail executives, particularly the “mom ‘n’ pop” retailer.
  • Standards and best practices Online co-op advertising does exist, particularly in the automotive and durable goods sectors. A closer examination of how successful programs in these verticals function can lead to case studies and ultimately help create templates on which broader co-op programs in different industries can be based.
  • Technology Development of platforms that enable workflow automation would go far to make the co-op advertising process easier both for manufacturers and the often over-burdened merchants who run co-op campaigns. Also useful would be a comprehensive database of co-op programs and digital asset management systems for logos, creative executions, and brand elements.
  • Publisher initiatives - Assist in helping to re-establish the co-op ad manager role, this time with a view toward online display advertising.
  • Cooperation with co-op ad management companies - Many legacy co-op program management companies have expanded into the digital, yet remain unconnected with mainstream publishers and industry trade groups.

The IAB, together with the Local Search Association, have taken an important first step in creating awareness of the value and the lack of coop advertising in digital. The next step is to drum up a broad swath of industry involvement. We need more trade groups (Shop.org and the OPA come to mind) beating this drum with their constituencies. Agencies, technology providers and VCs should be brought into the discussion. Both sides need to talk, and to listen to each other.

Bringing coop advertising online will be neither quick nor easy. But with billions of dollars at stake, you can bet it’s bound to happen.

Here's the presentation I delivered to the IAB's Local Advertising Committee on Sept. 5:

Rebecca Lieb's picture

How to Measure Social Media ROI

Measuring digital advertising is relatively easy and

Owned and earned media? That’s a whole other story. The metrics and the methods for measuring digital marketing are less exact, the platforms are newer, while the old rules and models don’t apply.

It’s been easier to groan about “lack of analytics expertise and/or resources,” “poor tools,” “unreliable data,” or “inconsistent analytical approaches” than to roll up collective organizational sleeves and really tackle the social media measurement problem.  Yet with creativity, as well as hard metrics and defined business goals and strategies, organizations are not only measuring social media for ‘soft’ metrics such as brand sentiment, but also ‘hard’ data, such as revenue attribution.

My Altimeter Group colleague Susan Etlinger has been researching the topic and just published the result, “The Social Media ROI Cookbook: Six Ingredients Top Brands Use to Measure the Revenue Impact of Social Media” (available as a free download under the Open Research model).

While there’s admittedly no perfect measurement method, the study identifies no less than six models for measuring social media revenue impact, three “top-down,” and three “bottom-up.” The organizations that measure most effectively use a combination of these methods in concert, and the report provides a four-factor matrix to help determine which of the six methods apply, based on type of business, the product or service, media mix, and customer profile.

The media mix is of particular interest here, as my focus has been on the convergence of paid, owned, and earned media recently (the topic of my newest research report). Converged media models also require converging metrics, presenting the not inconsiderable challenge of applying findings and learnings from paid and owned, for example, into earned media. Or vice-versa, often in real or near-real time.

Like measuring social media ROI, these models are only just emerging. Measuring new media models is complex enough. The new necessity of measuring, learning, optimizing and applying data from one channel to another makes the challenge geometrically more formidable.

 

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Rebecca Lieb's picture

Why Organizations Must Be Faster Than Real Time

“I’ll check with my supervisor and get back to you.”

Why doesn’t that remark cut it anymore? More often than not, it’s symptomatic of an organization that isn’t adaptive. One that hasn’t taken advantage of new technologies, or empowered (or trained, or created policies around) the tools and technologies available to their employees. Tools their employees are very likely already versed in and using in their personal lives.

The adaptive organization is one of the themes I’m working on this year as a research analyst. Its ramifications directly target corporate leadership: CEOs, COOs, etc. Next in line is the marketing organization (and who hasn’t heard the refrain that today’s CMO may well be tomorrow’s CTO?).

Marketing organizations are currently siloed. There’s advertising, social, and communications. Digital may be walled off from traditional, content from display and broadcast. All these divisions function as fiefdoms, competing internally for budget and prominence. Within digital alone, there may be display, search, social, email and a long line of sundry et ceteras competing for a piece of the pie

Incentives to work cooperatively are often minimal at best within organizations. Small wonder brands have difficulties getting external agencies, vendors and marketing service providers to work in concert. These constituencies have business and revenue models even less conducive to opening kimonos than do internal staff.

Having just done a deep dive on how paid, earned and owned media are converging (The Converged Media Imperative), it’s become abundantly clear that organizations need to adapt – now – to flow learnings, functions, processes, creative and analytics across all three media channels while eliminating redundancies. Moreover, it’s increasingly necessary to do so with extremely agility; ideally, in real time or something very close to it.

Flowing paid, earned and owned media together is a team effort. Each channel is, on its own, highly specialized. Yet commingling these channels not only results in demonstrably better results for digital marketing initiatives. Converged media is also rapidly flowing out into the “real world” of traditional media as well as offline inevitably becomes more digital. Already we’re seeing examples of converged paid, owned and earned media occur on digital billboards and on television.

Some forward-thinking marketers are already erasing hierarchies between media types. Just weeks ago, Intel’s Nancy Bhagat blended the company’s global and social media teams into a single marketing strategy operation.

“Why does this make sense?,” asks Bhagat on her blog, “ I found we were having similar conversations across teams. The role of communities is not exclusive to the social space. Our paid media partners are looking for ways to drive engagement and conversation in ways previously unheard of. Our social partners are open in an exciting way to new product ideas and testing. The idea of ‘test and learn’ has never been so real.”

So real, or so difficult for enterprise organizations. Take content marketing, for example – or ‘owned’ media. Content is absolutely essential and central to paid, owned and earned initiatives. Without solid content, brands cannot achieve earned media at scale. Earned media amplifies messaging, builds word of mouth and buzz, spreads awareness, and with increasing frequency surfaces those ideas that become the core of creative advertising strategy.

Yet most organizations have yet to develop a plan or an organizational model to create, disseminate, publish, share and govern content. There’s general awareness that content strategy and marketing reside in the marketing org chart, but where? Just today, I spoke with an organization trying to unknot who is creating content where in the enterprise. Are efforts being reduplicated? Resources shared? Best practices and guidelines adhered to?

Their best detective efforts have thus far surfaced over 25 individuals in six distinct divisions who “do” content. It’s assumed very few of these people have met in person, much less collaborated. It’s assumed each group uses its own ad hoc software solutions for managing creation, workflow, resources, etc. Clearly, findings and insights are shared between these disparate content creators, much less their colleagues across the marketing organization.

Real time insights and optimization, and shared learnings that inform other initiatives (not to mention that can inform their own work) are an impossibility in vertically organized, hierarchical organizations. Enterprises must be able to move as quickly as their customers do. This requires bold realignment as well as informed empowerment.

Rebecca Lieb's picture

The Converged Media Imperative

20th century, when the commercial internet was in its infancy, there was  no end to the griping about “silos.” Back then silos referred to That Which Is Digital and That Which Is Not Digital. The gripe (from the digital side of the equation) was that the not-digital team got all the budget, and didn’t even accord the digitals a place at the table.

So ingrained was the silo grudge that no one, but no one, grew to understand silos better than the digitals. In a scant decade, more digital silos emerged than you can shake a stick at: Search. Email. Display. Social. Analytics. Online video. CGM. CRM. Targeting. Retargeting.

The list goes on. Digital is, after all, highly technological and all these areas legitimately require high degrees of specialization. They still do, but now there’s a very compelling reason for digital to stop the Balkanization it so actively criticized just a few short years ago.

The reason? Media are converging. The new research report I publish today, together with co-author Jeremiah Owyang (we were ably assisted by Jessica Groopman and Chris Silva) reveals that consumers, who flit like so many butterflys between devices, screens, windows and channels, are making little distinction between media types.

Paid, owned, and earned media? It’s rapidly becoming all just…media. Ads, blog post, social interactions – either they’re interesting (or entertaining, or engaging, or helpful, etc.), or they’re not.  Brands must integrate paid, owned and earned channels now. It will not only make marketing more effective and efficient, but it will prepare them for the future. As traditional media becomes increasingly digital, this trends is beginning to occur offline, too.

Converged media is tough to wrap your arms around. Paid must inform owned which must inform earned, and vice versa, and sideways, too. It’s complicated, but it can pay off in much-improved optimization, reach, insights and above all, effectiveness. We like to think of it as a stool. Three legs (paid, owned and earned) provide a better foundation than one or two would.

To effectively commingle paid, owned and earned media, brands must get everyone around the table and make them play nice together – easier said than done. Ecosystem players such as software vendors and agencies have areas of specialization – not to mention revenue models – that rarely scope beyond one of these three channels.

Yet effectively converging media brings with it an advantage beyond more effective advertising and marketing.  Integrating teams, both internally and externally, will help smash the multitude of silos that litter the digital landscape.

Converged media is both a reality and an opportunity for better integration and collaboration across a myriad of digital specializations. Imagine the possibilities when we all start really collaborating with each other!

As with our other reports, The Converged Media Imperative is published under the Open Research model. Use it. Share it. And we’ll publish more.

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Rebecca Lieb's picture

Where Does the Creative Idea Originate?

Those brands that are still ‘just’ advertising have it relatively easy.  They partner with advertising agencies that are tasked with coming up with the creative idea for advertising campaigns. In fact, they have a dedicated staff of “creatives” tasked with doing just that.

Not to denigrate agencies, or creatives, or the vast amount of strategy, research, iterations, testing and refinements that go into creating advertising campaigns, but that model is now radically changing, making the question of where creative comes from a legitimate one.

Sure, advertising agencies own advertising. However in an increasingly mobile world where user-generated content, social media and earned media are burgeoning, advertising is a somewhat diminishing channel and not at all the core creative idea it once was.  In digital (and soon, in traditional media as well), paid, earned and owned media are converging and commingling. Advertising is no longer a stand-alone. It works much, much more effectively in conjunction with broader strategic marketing initiatives that place as much (if not more) emphasis on owned and earned channels.

This raises a chicken-and-egg dilemma for marketers: who’s driving? If paid, earned and owned media all inform a campaign or marketing initiative, and learnings from one channel can be applied to the other for optimization and improvement, which channel leads, and which follow? It the channel that’s doing the driving isn’t advertising, it’s doubtful the creative core of a campaign comes from…creatives.

Together with my colleagues Jeremiah Owyang and Jessica Groopman, I’ve been working on research that looks at how paid, earned and owned media are converging. A growing trend is unquestionably that the creative germ originates in owned and earned media before it becomes paid (i.e. advertising).

Take Facebook ads that ‘pin’ a brand’s wall post in a display ad unit. Or Bazaarvoice’s new ads that retarget shoppers with ad units that feature a geo- and demographically targeted user review of the product they were just viewing.

Brands can even turn lemons into lemonade by taking negative consumer reviews and, by adding a twist of clever content marketing, turn them into positives, as did one local eatery and Austin’s Alamo Drafthouse Cinema.

When marketing creative flows in from multiple sources, the way marketing and advertising work must inevitably shift. How? We’re sifting through findings, but there are some clear initial insights.

Real time: There’s a constant flow of consumers providing insight, feedback, media, and other digital material in real time on the web. Monitoring all this is a given, but reacting to it in real time is increasingly important, and something too few marketing organizations are prioritizing. Small wonder; real time marketing is resource intensive, and it’s hard. Increasingly, it’s necessary and will prove a real advantage to those who do it.

Listening and analysis: If creative ideas flow from chatter on the web, it’s critical to intelligently listen to all that chatter, to monitor it, triage it, and leverage it into ads and other marketing collateral. The SMMS sector is a veritable explosion of M&A activity right now due to this trend.

Content strategy: Owned media matters. Consumers expect it, social media demands it (and all brands are social, whether they’re playing in that particular sandbox or not). The web in general, and social media in particular, demands a steady stream of content, something brands must prepare for strategically as well as tactically.

Shifting agency models: It’s not as if advertising agencies haven’t seen this coming. Many are shifting staffing (as should brands) to bolster core capabilities such as creative and media with more support for content, data, and social media capabilities.  PR shops are doing this a well, of course, and so are the more forward-looking brands.

Others will certainly follow.  Because agencies creatives now only sometimes lead the creative charge, and the media plan is hardly what determines where, and how, that creative message spreads.

Rebecca Lieb's picture

Facebook Advertisers 'Like' Their ROI

What’s the ROI of a ‘like’ on Facebook?

For too many marketers, getting fans or ‘likes’ on Facebook is a goal unto itself. It’s about as legitimate a goal as measuring how many ‘hits’ a website got circa 1998. Just as those ‘hits weren’t translating into revenue in the early days of the commercial internet, so too are many Facebook advertisers and marketers having difficulty determining if their efforts are bearing fruit, and how to leverage fans and likes into actual revenue.

Others are being more methodical about it. Research published today by Facebook in conjunction with comScore reveals that of 60+ campaigns measured, 70 percent of major brands have seen 3X to 5X ROI – in many cases offline, in-store sales, as a result of combining paid media buys on Facebook with the earned media from fans and friends of those fans.

On a call yesterday, Brad Smallwood, Facebook’s head of measurement and insights, told me, “These are very healthy numbers. The vast majority of these campaigns had really, really positive ROI.”

The question now, of course, is dissecting, mapping and documenting why these campaigns worked. “Paid [media] for us is actually an amplification of earned,” Smallwood told me, a trend Jeremiah Owyang and I are learning in the process of our in-progress research on the confluence of paid, earned and owned media.

Earned media – how to get it at scale and how to leverage it effectively – is a brand new skill. Facebook’s new research (the report is entitled “The Power of Like 2″) demonstrates that there’s not just synergy in combining paid, earned and owned media, but there’s profit in it as well for brands such as Starbucks, Target, Applebee’s, Nutella and Best Western.

Yet doing so requires new alignments in vendors, creative, media, agency relationships and even the internal org chart. Stay tuned for lots more work on this important topic.

 

Rebecca Lieb's picture

How to Influence the Influencers

How do you influence the digital influencers? What is influence, anyway? And if you can rally influencers to your side, cause, brand or point of view, what’s the best way to approach the task? What can realistically be achieved? And how do you measure results.

There’s no dearth of talk about online influence, but until now there’s been precious little actionable advice. With the publication of my colleague Brian Solis‘ new research report, “The Rise of Digital Influence,” (it’s subtitled “A ‘how-to’ guide for businesses to spark desirable effects and outcomes through social media influence), marketers are provided with frameworks and action plans to get both strategic and tactical in their approach to effectively harnessing the elusive, but oh, so desirable impact a community of influencers. Brian helpfully defines digital influences as, “the ability to cause effect, change behavior, and drive measurable outcomes online.”

A feature of this research of particular interest is a long, hard look at the tools that purportedly measure influence, e.g. Klout, Kred, and PeerIndex. Based on game mechanics (and people all to ready to game the system), I’ve looked on these tools with suspicion, particularly after Klout listed me as influential on the topic of the Calgary Flames (maybe you’re aware they’re a hockey team, but I had to google it). Do these new services that capture social media scores equate to influence? No, says Brian – but that doesn’t mean they’re not useful. “The measure here…is not influence or the capacity to influence, but instead visibility with the possibility of causing effect.”

The report contains an Influence Framework as well as an Influence Action Plan to help brands and their agencies identify connected consumers and to define and measure digital influence initiatives via an included step-by-step process. Vendors in the influence metrics space are also compared, feature-by-feature, in a helpful grid.

“The Rise of Digital Influence” is a watershed in digital influence. It’s going to stop airy-fairy conversation about “influencing influencers” dead in its tracks and instead supplant vague and aspirational jargon-laced talk with substantive, strategic processes.

And, like all Altimeter Group research, the report is available to read and to share under Creative Commons. Thanks for passing it along if you find it helpful.

Cartoon credit: NewYorkComputerHelp.com

Rebecca Lieb's picture

Content Marketing. Content Strategy. What's the Difference?

So content is the new black (and some 270,000 exact-match results for that phrase on Google suggest it's at least a deep, deep indigo). Inevitably, that's meant an escalated level of chatter, talk, and pontificating about content's role in the digital mix.

As more and more marketers consider how content can work for them in the digital mix, a certain degree of confusion is beginning to obfuscate discussions and debates. Two very distinct disciplines, content strategy and content marketing, are beginning to blur. And if they're not blurring, too many people are too carelessly using the terms interchangeably.

As with many marketing-related terms, it's tough to nail down precise, etched-in-stone definitions for either term. But it's nonetheless clear that content marketing and content strategy are not interchangeable concepts, nor do they refer to the same thing. There is, as we'll soon see, a huge degree of interdependence.

Let's throw some existing definitions out there for considerations, shall we?

Content strategy

  • Content strategy has been described as "the practice of planning for content creation, delivery, and governance" and "a repeatable system that defines the entire editorial content development process for a website development project." And also "achieving business goals by maximizing the impact of content." (Wikipedia)
  • "Using 'words and data to create unambiguous content that supports meaningful, interactive experiences.'" (Rachel Lovinger, "Content Strategy: The Philosophy of Data")
  • "Content strategy plans for the creation, publication, and governance of useful, usable content... The content strategist must work to define not only which content will be published, but why we're publishing it in the first place. Otherwise, content strategy isn't strategy at all: it's just a glorified production line for content nobody really needs or wants. Content strategy is also -- surprise -- a key deliverable for which the content strategist is responsible. Its development is necessarily preceded by a detailed audit and analysis of existing content." -- Kristina Halvorson

Content marketing

  • "Content marketing is an umbrella term encompassing all marketing formats that involve the creation or sharing of content for the purpose of engaging current and potential consumer bases. Content marketing subscribes to the notion that delivering high-quality, relevant, and valuable information to prospects and customers drives profitable consumer action. Content marketing has benefits in terms of retaining reader attention and improving brand loyalty." (Wikipedia)
  • "Content marketing is a marketing technique of creating and distributing relevant and valuable content to attract, acquire, and engage a clearly defined and understood target audience -- with the objective of driving profitable customer action." -- Joe Pulizzi

Content strategy is what makes content marketing effective. I like Ahava Leibtag's take on the issue. She says content strategies are about repeatable frameworks, and content marketing is about building relationships. Marketers, she says, don't necessarily create content strategies, but rather implement them.

Evolution, on both sides

Back in the day, content strategy was primarily relegated to the user experience and website development processes. Small wonder. In the Web 1.0 era, your own site was pretty much the only thing online you could control or influence, content wise. Content strategy has blown beyond the walled garden and expanded to embrace auditing, analyzing, creating, disseminating, and governing content in a myriad of channels, ranging from more dynamic websites to the entire scope of Web 2.0 options out there in the wild (and often, how those same rules and processes should be applied to offline channels, as well).

Content strategy underpins content marketing. Without examining the competitive landscape, current assets, gaps, resources, the market, and plenty of other aspects, content marketing barely has a leg to stand on. Without a strategy, content marketing turns into one of those classic, eye-rolling imperatives all too familiar to digital marketers: "We need a Facebook page!" or "We ought to be blogging!" or "How come we're not on Twitter?"

The obvious answer, of course, is because we don't have a strategy. Content marketing is all very well and good, but the reason to do it isn't because all the cool kids are doing it. Without a strategic foundation, a structure, an analysis of resources and needs, and a system in place to measure results, all you're doing is Facebooking. Or blogging. Or tweeting.

More of both
Interruption-based marketing will never go away, but it's receding -- quickly. Research I published yesterday, for which we interviewed over 56 marketing leaders, found literally all of them are increasing their investment in content marketing and content strategy alike. Moreover, they're investing in increasing more complex and technologically difficult content channels, which makes a strategic framework all the more essential.

If not today, then soon -- very soon -- your marketing spend will shift away from advertising and direct response campaigns and into content initiatives that strengthen ties and deepen relationships with customers and prospects.

The best way to prepare is to start developing content marketing initiatives. And the only way to do that is to first do the research and the homework by developing a solid content strategy framework around these content marketing efforts.

This post was adapted from a column that originally appeared on iMedia Connection

Rebecca Lieb

Rebecca Lieb is a strategic advisor, consultant, research analyst, keynote speaker, author, and columnist.

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