Posted tagged ‘innovation’

Take advantage of media change

August 3, 2008

I shared a lunch recently with some old newspaper cronies who were bemoaning the state of the media industry. Change was sweeping the business, and they were completely confused as to how to deal with it.

The fate of traditional media in the digital age is well-known. Circulations are dropping; their business models are under attack by dozens of information sources and advertising vehicles, and young people find them completely irrelevant, preferring information from peers to the kind of top-down authoritative information they have always provided.

As an example, recent numbers for publicly traded newspaper companies are extremely revelatory. The Washington Post, for example, recently posted horrible numbers: print ad revenue declined 22% in the second quarter, following an 11% decline in the first. Like most newspapers today, the Post has gone online in an attempt to stem the tide, but online growth increased only 4% in the same period. The stock prices of several newspaper chains are down over 80%.

Television stations are often suffering the same fate, although their entertainment quotient probably keeps them better afloat.

In both cases, however, these media outlets are typically trying to respond to these forces with the same old methods — in essence putting the newspaper or television news online, complete with intrusive ads that slow down the systems and drive users mad.

The result is as probably expected: Both locally, nationally, and internationally, readers go to the news web sites when something exciting happens, but generally ignore them. They can get a quick rundown of events from online news services.

Now, newspapers and most media aren’t exactly beehives of innovative thinking: In fact, I’d suggest that they’re among the most conservative of institutions, firmly believing in the old adage that what worked yesterday is good enough for today.

So, in terms of operations, most are falling back to old industrial methods. Staffers are being shed in droves; production is being cut back, outsourcing is on the upswing; everybody is being forced to do more with less. As a result journalists are fleeing the business.

All this was conveyed to me in various forms by my buddies, who were also mostly trying to find a way through the morass. But what tweaked my interest was what it’s done to typical newsroom operations and what that means for marketers.

Basically, those who are left have been turned into production line workers. They’re even busier than before, and have very little time to do their jobs in the traditional way.

So here are some tips for marketers in this new world of media:

  • 1. More relevant info needed, please. “We only have time to rewrite press releases,” one friend lamented. So, this means the more relevant information a marketer or communicator can supply, the better the chances of being picked up.
  • 2. They may be busier, but they still recognize bullshit. Marketers or communicators should be helpful, in that they supply all information — both favourable and critical — the journalist needs. If journalists perceive that you’re baring your soul, they’ll trust you more.
  • 3. Info at the speed of light. The old client-or-boss pleasing format best described as “Acme Industries CEO Elmer Bloggs is pleased to announce…” that then drones on about some useless event, is dead, dead, dead. Before, no one cared about CEO Bloggs, but might have waded through this kind of self-serving verbiage to look for nuggets. Not any more. Say it in the first line or don’t say it at all.
  • 4. You need to have a good story, well told. It was tough enough to get trash in before, but now it’s nearly impossible. So there better be more to your story than a bunch of chest-thumping homilies and barely hidden agendas to get “free publicity”. And it better be written in plain language. Lose the jargon.
  • 5. The digital/interactive press release is going to rule. An interactive press release or digital media kit that puts all required information, including interviews, dissenting opinions, analysis, and other relevant material, at a journo’s fingertips — literally, via the internet — is going to be used. Something that forces the journo to call up or sit down with CEO Bloggs for an interview to please his ego won’t.
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How Google brought marketing back to its roots

May 6, 2008

We all know Google and its amazing advertising power. About 30 per cent market share of online advertising revenue; annual revenues in double-figure billions; destructor of advertising models throughout the land; investor darling because it just keeps growing and growing.

But how many marketers really understand what Google has done to their business? Sure, Google’s an innovative advertising platform, but its innovation doesn’t stop there….it’s taken the basic tenets of marketing and turned them inside out. In a sense it’s brought advertising back to what it was originally. Its methods include:

Branding: From screaming to simple delivery

Google has the strength of much older and more established brands, but has only been around for 10 years. Why? Because it’s authentic. It has a clear, anti-corporate philosophy – “You can make money without doing evil” – and, amazingly, sticks to it. Brand confidence is inspired by the way Google treats its ads. No hidden agendas; no tricks, no intrusive banners. No shouting. Every advertisement is simple text and labeled as a “sponsored link”, so Google can assure its users that it’s not compromising the integrity of the results.

Content: From management to do it yourself

Google’s original business was search, which is another (and very innovative) way of delivering content, albeit one that’s very similar to original libraries. By continually improving its search capabilities, it delivers extremely relevant content that brings millions of users back again and again to view those ads. The lesson here for marketers is that if the content is useful, people will likely scan the neighbouring marketing material. In a sense, content is the marketing material.

Advertising: From push to permission

Google’s flagship advertising products are AdSense and AdWords . Instead of trying to guess what consumers want, its ads are tailored to searches, so the customer base is telling Google exactly what type of ads they might want to see. The Adsense ads on websites run on similar technology, and, they automatically target audiences with keywords in their content.. Google’s ads are remarkably unobtrusive and text-based. There are no screaming banners, no tricks to get you to buy; nothing you can be cynical about.

Marketing: From breast beating to usefulness

Ever seen an ad or other marketing material for Google? Perhaps something telling you how great they are and what a favor they’re doing by letting you use their service? Of course not. In a sense, Google doesn’t market. It delivers quality products that are easy to use, are very useful, and are free.. And because it does that so well, it gets tons of publicity — which is the best form of marketing.

Enough with the social networking!

April 6, 2008

This week I received invitations to two more social networking sites. In this case they were promising to help me manage my online reputation.

I seem to be getting these continuously these days. In the early days of LinkedIn, I used to think “cool, a great way to network and enhance my SEO efforts.” I even advised clients and everyone I knew to do the same. (and yes, I secretly smiled at the “luddites” who said they couldn’t see the point.)

Now, I just think “what a nuisance.”

There are the really big sites, of course, such as Facebook and Linkedin (sorry I could never get interested in MySpace — I don’t work in cartoons). They’re good for just general networking, socially or for business purposes.

But every pursuit in which I’m interested now seems to have at least one, and often several, community site dedicated to that pursuit alone. Marketing — many. Management — several. Consulting — a few. Science — a couple of good ones. Music — of course. Job searching — oh yeah. Online reputation — apparently at least three.

All of them are vying for my time constantly. I could literally spend my entire day on these sites, networking myself into poverty.

What I find particularly upsetting about this avalanche of social networking is that they all claim they’re “innovative”. Since I work in the innovation management field considerably, I beg to differ. Innovation is creating radical or near-radical change — in products or business models. These are not innovative: they’re just taking standard community building tools and slicing up the social networking field in ever more fine gradients for marketing purposes.

At best it’s called working a niche. More likely, it’s simply copycatting with a slight differentiation.

Let’s take the latest invitations I’ve had. They are part of a group that includes companies like Naymz.com ReputationDefender.com and DefendMyName.com. For a fee, they promise to scrub search engines of anything I don’t want to see about me out there, or to create a new online identity for me.

Isn’t this just search engine optimization, which I – and probably you — have been practising for years? It’s just a newer version of the Google Profile technique.

Also it presumes that social networking sites are where most of our content rests — which to me seems a pretty narrow view. Most MarCom people have (or should have) much more content on their sites than simple social networking profiles, or blog comments.

A well rounded search engine profile should have these, of course, as well as white papers, FAQs, articles, endorsements, and other expertise-marketing content.

To help in organic search, SEO should be a planned and consistent process, with new content added on a schedule. If social networks are to be part of this mix, fine, but it shouldn’t take it over.