When times are hard, a soft sell can often work better than a head-on approach.
Good article from today's NYT:
Comedians, stars of situation comedies and actors known for being funny have long been mainstays of advertising, on the theory that laughter can sweeten a sales spiel. Recently, their popularity as pitchmen and pitchwomen seems to be increasing — sometimes to the point that television viewers or magazine readers may feel that they are sitting through a set at a comedy club.
During the Depression, advertisers turned to funny radio performers to peddle their wares, among them Fred Allen, for Bristol-Myers brands like Ipana toothpaste; Jack Benny, for Jell-O; Edgar Bergen and Charlie McCarthy, for Chase & Sanborn coffee; and Fibber McGee and Molly, for Johnson’s Wax.
Another reason for the prevalence of laugh makers is their ability to woo consumers into paying attention to ads. That is important in an era when DVRs and remote controls make it easy to avoid commercials and marketers seek to attract visitors to Facebook fan pages and YouTube video channels.
Friday, November 11, 2011
Thursday, November 10, 2011
#Borrowed-Interest: Betting on 11-11-11
Per today's NYT, Ads that hinge on a special date are an example of a marketing tactic called borrowed interest, in which advertisers try to involve themselves in big, topical events that the proverbial “everyone” is talking about. It is the hucksters’ equivalent of candidates far down on the ballot attempting to win by riding the coattails of those at the top of the ticket. The article profiles only a handful of the tens of dozens of major brand campaigns seeking to leverage 11-11-11
The take-away reminder for marcom guru's is merely a reminder that thought leadership strategies are driven by topical news events. Today's smart marketers are the ones that also peel off every major headline story and come up with an angle to use the latest events to subliminally promote their company products/services. That's the beauty of Twitter; although I still don't understand their purported valuation on SecondMarket
The take-away reminder for marcom guru's is merely a reminder that thought leadership strategies are driven by topical news events. Today's smart marketers are the ones that also peel off every major headline story and come up with an angle to use the latest events to subliminally promote their company products/services. That's the beauty of Twitter; although I still don't understand their purported valuation on SecondMarket
Wednesday, November 02, 2011
Big Brands Low-Cost Facebook Strategy
WSJ Nov 3:
The centerpiece of Ford Motor Co.'s online campaign for the 2012 Focus was a free Facebook page hosted by an orange-colored puppet that in a few weeks won over a new, younger audience for the once-stodgy compact.
Ford spokespuppet "Doug" drew crowds to online conversations and videos that starred him clowning around the new Focus. Doug inspired more than 43,000 Facebook users to click "Like," the icon that broadcasts to friends a thumbs-up approval of a brand or product.
While Ford shelled out an estimated $95 million to advertise the new Focus across a broad range of media, it spent just pennies on the dollar for Facebook ads.
The centerpiece of Ford Motor Co.'s online campaign for the 2012 Focus was a free Facebook page hosted by an orange-colored puppet that in a few weeks won over a new, younger audience for the once-stodgy compact.
Ford spokespuppet "Doug" drew crowds to online conversations and videos that starred him clowning around the new Focus. Doug inspired more than 43,000 Facebook users to click "Like," the icon that broadcasts to friends a thumbs-up approval of a brand or product.
While Ford shelled out an estimated $95 million to advertise the new Focus across a broad range of media, it spent just pennies on the dollar for Facebook ads.
#HedgeFund Marketing: Its all about the #Brand
courtesy of HedgeCo.net –
Since the market correction of 2008, a vast majority of hedge fund net asset flows have gone to a small minority of hedge funds with the strongest brands, marking a change from the pre-2008 environment. A brand is an investor’s perception of the overall quality of a hedge fund based on multiple evaluation factors that evolve over time. A high-quality brand takes a long time to develop, but once achieved, it significantly enhances a firm’s ability to raise capital and retain assets during a drawdown in performance.
Branding is a critical issue for all hedge funds, because the marketplace has become increasingly competitive. Most agree that there are over 10,000 hedge funds in the market place. Hedge fund investors are inundated with requests for meetings, with some receiving hundreds of phone calls or e-mails per week from investment managers. To filter through the overload of information, investors are turning more and more to a firm’s brand when choosing which funds to meet and ultimately invest with.
Since the market correction of 2008, a vast majority of hedge fund net asset flows have gone to a small minority of hedge funds with the strongest brands, marking a change from the pre-2008 environment. A brand is an investor’s perception of the overall quality of a hedge fund based on multiple evaluation factors that evolve over time. A high-quality brand takes a long time to develop, but once achieved, it significantly enhances a firm’s ability to raise capital and retain assets during a drawdown in performance.
Branding is a critical issue for all hedge funds, because the marketplace has become increasingly competitive. Most agree that there are over 10,000 hedge funds in the market place. Hedge fund investors are inundated with requests for meetings, with some receiving hundreds of phone calls or e-mails per week from investment managers. To filter through the overload of information, investors are turning more and more to a firm’s brand when choosing which funds to meet and ultimately invest with.
Wednesday, October 05, 2011
#Jobs : The Icon
A genius marketer who epitomized the meaning of "blue ocean" was only one of many of Steve Job's attributes. He'll be remembered as a visionary unlike all but a handful of men throughout the past 200 years who have so noticeably, and so productively influenced modern civilization. He was the King Neptune of Blue Oceans.
Among the many phrases that will be used to describe him, the best might be human force majeure, a truly great force, and someone who was unique in his ability to influence, inspire and incite fireworks across the broadest spectrum of human intellect.
We can only hope that he left behind the blueprints and the user manuals to the many products and technology innovations that he left on the drawing board, or at very least, that he has left a legacy that will inspire those that aspire to be like him!
Among the many phrases that will be used to describe him, the best might be human force majeure, a truly great force, and someone who was unique in his ability to influence, inspire and incite fireworks across the broadest spectrum of human intellect.
We can only hope that he left behind the blueprints and the user manuals to the many products and technology innovations that he left on the drawing board, or at very least, that he has left a legacy that will inspire those that aspire to be like him!
Thursday, September 15, 2011
#Computer Fraud & Abuse Act: New Boon for Criminal Lawyers
GWU Law Professor Orin Kerr's op-ed in today's NYT "Should Faking a Name on Facebook Be a Felony?", and his take on how far the US Department of Justice wants to take this 1986 legislation is a must-read.
Unknown to most, that legislation has been quietly broadened over the years, and unless anyone raises a voice, its about to become a felony to write/post anything that "exceeds authorized access" to any computer, including writing/posting anything that's not true.
Sounds crazy? Well, the DOJ is planning to exploit the definition of "exceeds authorized access", the ubiquitous 'terms and conditions' that are part and parcel to the very tiny fine print displayed in every software application, and a condition to virtually every third party website, including social networks such as Facebook and LinkedIn.
Aggressively over-promoting the benefits of a soft drink?Are you doing the Alec-Bloviator-Baldwin thing, and stating on your Twitter account or FB page that "the barrista at Starbucks purposefully gave me bad service and didn't know what he was doing!"? Boom: Potential 3 year jail sentence in a federal slammer.
Unknown to most, that legislation has been quietly broadened over the years, and unless anyone raises a voice, its about to become a felony to write/post anything that "exceeds authorized access" to any computer, including writing/posting anything that's not true.
Sounds crazy? Well, the DOJ is planning to exploit the definition of "exceeds authorized access", the ubiquitous 'terms and conditions' that are part and parcel to the very tiny fine print displayed in every software application, and a condition to virtually every third party website, including social networks such as Facebook and LinkedIn.
Aggressively over-promoting the benefits of a soft drink?Are you doing the Alec-Bloviator-Baldwin thing, and stating on your Twitter account or FB page that "the barrista at Starbucks purposefully gave me bad service and didn't know what he was doing!"? Boom: Potential 3 year jail sentence in a federal slammer.
Thursday, September 08, 2011
Marcom 202: Fired CEO Don't Call Board Members #Doofuses"
Who can't resist reading about Carol Bartz? This is a gal that's been at the tiller of major corporations, and at the same time, drops f-bombs faster than a machine gun. When she gets fired from her latest gig as CEO of Yahoo!, what does she do? She calls the board members " a bunch of doofuses"..
If ever there was a lesson not to be learned about how to control the messaging from a global brand's corporate HQ corner offices, this one might even trump the lessons that should not have been learned from the countless HP stories over the past number of years.
1. Firing a CEO over the phone is a very bad idea.
2. Which means that Carol is right, the board of YHOO! is a bunch of doofuses. Hiring Carol to run this company was a doofus move in the first place, but firing this firebrand over the phone takes the cake.
3. If they had the common sense to bring in a crisis management expert before someone was allowed to call Carol, one that would have also been fluent with marketing communication best practices, and who would have known how to pre-empt PR disasters like the one that happened today, 2 billion fewer people would have found out how munch of a doofus they are.
If ever there was a lesson not to be learned about how to control the messaging from a global brand's corporate HQ corner offices, this one might even trump the lessons that should not have been learned from the countless HP stories over the past number of years.
1. Firing a CEO over the phone is a very bad idea.
2. Which means that Carol is right, the board of YHOO! is a bunch of doofuses. Hiring Carol to run this company was a doofus move in the first place, but firing this firebrand over the phone takes the cake.
3. If they had the common sense to bring in a crisis management expert before someone was allowed to call Carol, one that would have also been fluent with marketing communication best practices, and who would have known how to pre-empt PR disasters like the one that happened today, 2 billion fewer people would have found out how munch of a doofus they are.
Monday, August 15, 2011
#SocialMedia Sites Fail To Stir Conversions
On the heels of warning about government clampdowns on social media sites, lo and behold, research shop Outbrain issued a report that indicates social media sites trail far behind search engines when it comes to delivering traffic to websites and content sources. What does this mean? Read the report!
2011 Q2 Outbrain Content Discovery Report
2011 Q2 Outbrain Content Discovery Report
Sunday, August 14, 2011
#Flashmobs: US Regulators Eye #Clampdown on #Social Media; Twitter, FB and Others to be curtailed?
Social media apps, and the companies that promote them are more than likely to face heightened scrutiny, if not outright clamp downs from US regulators as the Flashmob Epidemic moves from the Mid East to the UK, and now inciting violence across the US.
You read it here first: Cellphone carriers will undoubtedly be included in a new wave of government actions intended to prevent unruly and violent mobs from gathering and wreaking havoc.
Sure, were it not for social media apps, Mark Zuckerberg wouldn't have become a zillionaire, countless VC's wouldn't have been resuscitated in the latest investment industry frenzy, and the "Arab Spring" would have wilted before the first bud appeared.And Ashton Kutcher, the guy with the largest following on Twitter, might not have replaced Charlie Sheen on that TV show 2 1/2 Men.
Yes, we love social media for creating billions of dollars of wealth, and helping to create jobs for thousands of marketers and ad sales people. Not to mention the jolt its provided for a bunch of staggering brands. It would seem to be a good thing that a bunch of dictator regimes have fallen, all thanks to social media, but into the hands of who? Liberal or altruistic democrats? Hardly. The founders of Facebook and Twitter, cheered on by the likes of Anderson Cooper might want to think that their social media tools should be credited with inciting movements not seen since Mahatma Gandi, but the facts tell a different story so far.
Sure, we can blame the spreading civil unrest on challenging economic times, and we can blame that on inept politicians and corrupt government officials that seem to care only about their largest campaign donors or the private sector lobbyists holding out job offers that are conditioned on legislation or regulation that delivers bigger profits and bonuses to corporate titans.
But record unemployment and the growing chasm between haves and have nots ain't going to be solved by the type of social-media inspired violent outbreaks that we're seeing in the UK, and now in the US. These are destructive events being led by youth-centric anarchists wielding social-media powered cellphones; the new tools of the social disruption trade.
"What about freedom of speech? Or what happened our right to our right to congregate?.." you might ask. This blogger respectfully suggests that when all of the other constitutional rights, not to mention public safety, are being threatened by gangs of unruly mobsters [many of whom have been living on the government teet simply because its easier than working] --and intent on re-creating scenes from Mad Max and the Thunderdome, then the weapons they're using need to be taken away.
If that means Twitter, Facebook, FourSquare or the other less ubiquitous names in the space should be subjected to new rules that prevent instantaneous broadcast of messages that inspire unruly mobs to gather and wreak mayhem, or if it means I can't update my LinkedIn, or broadcast a txt msg to more than 4 peeps at the same time via my Verizon-powered cell phone in order to promote a brand that's hired me to raise awareness for their new bikini wax, or if means the value of the shares that I bought in FourSquare on the SecondMarket platform is going to crater, then I'm all in favor of Big Brother clamping down. I can easily sell my shares tomorrow.
What? You'd rather have a bunch of under-employed teens throwing a brick through your store front window for the fun of it? Or, maybe its ok with you when 20 unruly twenty-somethings get a Twitter message to show up on your street and turn over your car and light it on fire while your infant is in the back sit?
Something is clearly awry when widgets created by wonkers-turned-billionaires are turning the world literally upside down. To the Zuckerberg's of the world, and the other Gen Z geniuses: you need to take a time out if you truly believe that power is in the hands of the beholder and can be exploited without consideration for the impact on public welfare. Otherwise, you should get yourself prepared for a serious spanking.
Yes..I said it and now I feel better.
You read it here first: Cellphone carriers will undoubtedly be included in a new wave of government actions intended to prevent unruly and violent mobs from gathering and wreaking havoc.
Sure, were it not for social media apps, Mark Zuckerberg wouldn't have become a zillionaire, countless VC's wouldn't have been resuscitated in the latest investment industry frenzy, and the "Arab Spring" would have wilted before the first bud appeared.And Ashton Kutcher, the guy with the largest following on Twitter, might not have replaced Charlie Sheen on that TV show 2 1/2 Men.
Yes, we love social media for creating billions of dollars of wealth, and helping to create jobs for thousands of marketers and ad sales people. Not to mention the jolt its provided for a bunch of staggering brands. It would seem to be a good thing that a bunch of dictator regimes have fallen, all thanks to social media, but into the hands of who? Liberal or altruistic democrats? Hardly. The founders of Facebook and Twitter, cheered on by the likes of Anderson Cooper might want to think that their social media tools should be credited with inciting movements not seen since Mahatma Gandi, but the facts tell a different story so far.
Sure, we can blame the spreading civil unrest on challenging economic times, and we can blame that on inept politicians and corrupt government officials that seem to care only about their largest campaign donors or the private sector lobbyists holding out job offers that are conditioned on legislation or regulation that delivers bigger profits and bonuses to corporate titans.
But record unemployment and the growing chasm between haves and have nots ain't going to be solved by the type of social-media inspired violent outbreaks that we're seeing in the UK, and now in the US. These are destructive events being led by youth-centric anarchists wielding social-media powered cellphones; the new tools of the social disruption trade.
"What about freedom of speech? Or what happened our right to our right to congregate?.." you might ask. This blogger respectfully suggests that when all of the other constitutional rights, not to mention public safety, are being threatened by gangs of unruly mobsters [many of whom have been living on the government teet simply because its easier than working] --and intent on re-creating scenes from Mad Max and the Thunderdome, then the weapons they're using need to be taken away.
If that means Twitter, Facebook, FourSquare or the other less ubiquitous names in the space should be subjected to new rules that prevent instantaneous broadcast of messages that inspire unruly mobs to gather and wreak mayhem, or if it means I can't update my LinkedIn, or broadcast a txt msg to more than 4 peeps at the same time via my Verizon-powered cell phone in order to promote a brand that's hired me to raise awareness for their new bikini wax, or if means the value of the shares that I bought in FourSquare on the SecondMarket platform is going to crater, then I'm all in favor of Big Brother clamping down. I can easily sell my shares tomorrow.
What? You'd rather have a bunch of under-employed teens throwing a brick through your store front window for the fun of it? Or, maybe its ok with you when 20 unruly twenty-somethings get a Twitter message to show up on your street and turn over your car and light it on fire while your infant is in the back sit?
Something is clearly awry when widgets created by wonkers-turned-billionaires are turning the world literally upside down. To the Zuckerberg's of the world, and the other Gen Z geniuses: you need to take a time out if you truly believe that power is in the hands of the beholder and can be exploited without consideration for the impact on public welfare. Otherwise, you should get yourself prepared for a serious spanking.
Yes..I said it and now I feel better.
Friday, August 12, 2011
Website Offering #Prizes to #Critique Ads
Interesting article, albeit it remains to be seen whether the responders are providing material feedback..But, heck! I'm happy to score a $300 prize for critiquing an ad..oh..you need all of my personal data, too? mmmmm...
Loffles, a new Web site where users choose from a selection of prizes, watch a commercial in order to be entered to win that prize, then answer two or three questions to confirm that they viewed the commercial. So far she has won Michael Kors sunglasses (valued at $317), an Oster electric wine bottle opener ($24) and a gift certificate to The Cheesecake Factory ($50).
Since Loffles began on June 27, more than 3,400 users have registered on the site, providing their age, sex and areas of interest, information advertisers in turn use to determine who sees their ads. Users, who may enter a contest for a prize as many times as they are willing to watch additional ads, spend an average of about 16 minutes a day perusing prizes and watching commercials on the site.
About 60 percent of users are male and 40 percent female, while the average age is 24.
Click this link for the NYT article.
Since Loffles began on June 27, more than 3,400 users have registered on the site, providing their age, sex and areas of interest, information advertisers in turn use to determine who sees their ads. Users, who may enter a contest for a prize as many times as they are willing to watch additional ads, spend an average of about 16 minutes a day perusing prizes and watching commercials on the site.
About 60 percent of users are male and 40 percent female, while the average age is 24.
Click this link for the NYT article.
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