Showing posts with label Advertising Age. Show all posts
Showing posts with label Advertising Age. Show all posts

Saturday, April 21, 2012

Foursquare Paid Search Ads to Launch in June


Foursquare hopes to launch paid search during the next two months. Merchants will be able to promote check-in deals on the platform when users search for local specials, employing the same algorithms currently used on the app's "Explore" tab.
ClickZ has confirmed the news, first reported by Advertising Age, with two sources close to the situation. One was Walgreens social media director Adam Kmiec, who has spoken with Foursquare about its future plans.
"We are interested in any way we can make our customers more aware of our specials," Kmiec said. "We also think it shows that Foursquare is maturing as an organization."
Up until this development, Foursquare mobile app searches have produced organic results. The same has been true when users tap "Explore" and then hit a "Specials" button before seeing local merchant specials on Foursquare, as well as syndicated deals from Groupon, LivingSocial, Gilt City, ScoutMob, etc. Sometime during June, sponsored results will begin appearing in both cases.
Foursquare is evidently collaborating with past brand partners to create the paid ads platform. During the last two years, it has worked with names like Walgreens, Pepsi, Dunkin' Donuts, Whole Foods, and Radio Shack.
Former Apple iAd sales director Steven Rosenblatt has been assisting Foursquare with ad products development since January when he left the tech giant. His role with the geo-social app may shed some light not only into why Foursquare is ready to launch its paid search/discovery platform, but also into what its ads may look like.
"Steven has been working closely with our internal monetization team as an advisor," Erin Gleason, Foursquare rep, told ClickZ via an email, adding that the relationship began several months ago.
Rob Reed, CEO of local-social marketing provider MomentFeed, said Rosenblatt could be a big asset to Foursquare because specials on the app platform "are also full-screen smart phone experiences, not unlike iAds, and there is plenty of room to innovate with scannable barcodes, dynamic targeting, and point-of-sale integration… Foursquare can drive sales, and that's ultimately what marketers want."
From a longer view, it's the latest business-minded step for Foursquare, which has 20 million usersand aspires to be a local marketing platform worldwide. Last August, the three-year-old companyreleased Pages, a free-to-use self-service platform for business pages. The pages product is available to marketers in 11 languages.
The paid ads development isn't necessarily unchartered territory for the geo-social brand. Nine months ago, ClickZ learned Foursquare was selling custom badges to brands on its platform starting at $75,000. And its mobile distribution deal with the aforementioned daily deals players was unveiled last August. It's been assumed by industry watchers that Foursquare has been getting a sales cut for the converted referrals it dishes out to Groupon, LivingSocial, and others.

Tuesday, April 17, 2012

Digital Marketing Strategy Development: 12 Common Problems

Marketing looks very different now than it did as few as five years ago.  And yet most still approach developing strategies from the viewpoints they always knew.  They develop for push, when in reality pull strategies are more effective and even scalable.
Approaches designed to take advantage of a connected society have allowed some brands and personalities to achieve strong growth.   However there exists a deeper problem:  literally every marketing and communications company/consultant claims to be able to produce digital marketing results.  And very few actually succeed.  Why?
  • Companies fail because they aren’t patient enough to put in the effort to see results – let alone increasing returns.
  • Strategists/consultants fail because they misunderstand their audience, continue to vest efforts in the wrong areas and get things wrong from a lack of experience.
  • Pull activates others organically, which of course cedes control.  People on all sides continue to fear and misunderstand this.
  • Insane approval processes created by corporations unable to adapt to changing times live on.  Companies are in many cases their own largest barrier to success.
  • Ideas that don’t pass the “so what” test continue to be pushed forward by both executives and consultants who think in patterns no longer applicable.
OK – those are pretty general.  What are some of the specific problems I see most?


1.  Lack of understanding what image they are trying to project
You need to understand this from the start and have a style behind the image, along with substance to back it up.  It also needs to resonate with key audiences.  Most are not consciously sculpting how they are perceived or creating any reason they should get noticed in the first place.
2.  No path to acquire and grow an audience
It’s not enough to figure out ways to gain attention from random people for fleeting moments.  You need to find a way to market to target groups consistently over time.  And the tactics used should be compelling enough not just to attract an audience, but inspire the audience to grow itself.
3.  No cohesion of content
Lack of consistent voice/personality behind content will never allow you to build cohesion and have your ideas/perspective reach critical mass.  You need this in order to condition others to share your ideas.
4.  Placating executives by executing their bad ideas
If this is happening to you – stop, now.  No one wins when you’re creating things merely because someone up top is forcing down a one off idea here-and-there they feel might work (especially if they have limited  experience with digital marketing).  If it doesn’t play into the strategy, it doesn’t matter who it comes from.  If you see this happening put a stop to it.  No one wins when resources are drawn away from a winning path to placate bad ideas of the king.  If the emperor has no clothes, say it – if you’re that valued you’ll be respected for it.
5.  Having to dumb things things down for the team
If you have to consistently do this, you need a new team.  There are far too many others fluent enough in modern marketing strategies, it’s unnecessary to waste time doing this.  If you have to dial down ideas for internal comprehension, it means your competition is already running circles around you.
6.  Living and dying by data
I’ve had more than enough ideas be successful without data behind them to know that you don’t always need it.  In fact, if you develop an area where your team is free to experiment, you may find the results there to be even more effective than if your decisions are driven purely by data and not creativity.  Let data guide your decisions and create a framework but never let it get in the way of a great idea by someone, especially if that person is tapped into the niche/market base.
7.  Trying to reach the wrong group
You want to reach a certain group – great.  But in some cases (mostly B2B, but some B2C) the group you want to influence is too shielded to reach in any kind of efficient way.  There is another path.  Find a different audience that is more accessible and a proxy to your target.  Going through them may be more effective and forge greater trust than trying to reach the end target directly.
8.  Misunderstanding the importance of content
It kills me to see companies removing perfectly good/resourceful content from their web properties that has attracted links, buzz and attention in the past.  Yet it happens daily.  So many businesses don’t understand the importance of organically growing out digital archives of content over time – it benefits both search and social.  Additionally, looking at the content produced by most, the first thing I notice is a lack of fresh thinking.  This shows the value of content is underestimated or misunderstood.
9.  No plan to actually reach anyone in the first place
If you built it, they will come is a flawed approach to marketing.  And yet I still see examples of this frequently.  If you don’t have a consistent plan to reach people and tactics to execute on this daily how do you expect to be found?
10.  No difference from others
The importance of accentuating your differentiation point can’t be overstated.  Uncover something to stand out and then don’t be afraid to drive that point home consistently.  Building a brand is tough, but you make it impossible if you can’t be different enough to get tagged to something that is all your own.
11.  No forming of relationships/alliances
Digital alliances are an underused element in marketing.  So many opportunities to work and grow together remain untapped.  Bring alliances/relationships into your strategy – especially if you’re small and agile – and you can encourage mutual growth.
12.  Lack of influencers on your team
There is an inequality of influence on the web held by a minority.  To ignore this divide indigital influence is like sticking your head in the sand.  You need influencers on your team, they have their finger on the pulse of web culture/trends and will be able to position you as appealing to others.

Tuesday, April 3, 2012

Pin it to Win it


Businesses are beginning to get in on the Pinterest action, according to AdAge 

But, what’s the appeal? Several factors come into play:
  • Traffic. Time Inc’s Real Simple magazine site saw more traffic from Pinterest last October than it did from Facebook.
  • Purchases. Brands are counting on Pinterest’s ability to influence purchase decisions. During the holidays Land’s End even kicked off a contest focused on the site called “Pin it to Win it.”
  • Engagement. Nordstrom, which created a Pinterest page last March, uses the site as a way to learn about the community and engage with customers.
Pinterest currently has no formal policy regarding business involvement on the site, though it does decry blatant self-promotion. As with the early, pre-business page days of Google+, brands are finding ways to take advantage of what the site has to offer and connect with a well-defined user demographic (Women between the ages of 25 and 44, which comprise 59% of its readership, cites Mashable.).
A post at Read Write Web – How Businesses Are Using Pinterest – lists three ideas for brands considering establishing a presence on the site:
  1. Share ideas on how to use a company’s products. Whole Foods is doing this by creating “food porn” inboards that encourage use of its products.
  2. Host contests. RWW said Land’s End contest resulted in 10 Pinterest users receiving $250 gift cards for creating “inboards” of their favorite Land’s End products.
  3. Make products accessible. Users are posting images of their dream product – perfect last meal, over-the-top wedding or dream vacation – and companies are responding with images of their own.