New Ad Models and Platforms – Vodafone Club 2020
Vodafone has a good mobile marketing monetization platform built on their audience in Spain. Alberto gave us a good assignment to analyse the model. Though, its great for the operator in terms of monetization , I am not sure how much of it will not end up being spam, as this requires people to be really really intelligent and I do not thing an average mobile subscriber can be this intelligent or rather is not yet that intelligent.
My Thoughts on this model is present in this slideshare PPT.
Do you think Airtel or Vodafone or Idea should look at this model to streamline India’s mobile Marketing efforts and rise it above the Highly commoditised bulk SMS’s?
Defining KPI’s and Business Goals in Digital Marketing
Its been a really hectic couple of months for me. I had to get back to blogging on the stuff I do.
An overview which I had prepared for one of my sessions at IE. I am sure someone online will find it useful.
So here you go.
I will keep it going in the days, as I have shit loads of stuff to blog about and will not say that time is the reason for not blogging 
Slidecast on Social Media
This was a part of my masters project for social media. I had a tough time adjusting the sound and the presentation, but think it has come out better than my last gig.
Comments are welcome
Alternate Reality Game – A Sucess Story “The Lost Experience”
Before getting into the details of the highly successful interactive marketing campaign, I will first try to put int some stuff on what is an Alternate Relaity Game : The wiki definittion for an ARG is as simple as -
“An alternate reality game (ARG), is an interactive narrative that uses the real world as a platform, often involving multiple media and game elements, to tell a story that may be affected by participants’ ideas or actions.”
You can read more on the details of ARG on its Wiki : http://en.wikipedia.org/wiki/Alternate_reality_game
What we will find in the case to be discussed is that it effectively incorporate the following principles:
- Integrates all aspects of media elements intelligently
- People are urged to participate not for the one big prize
- Great storyline to make sure that people are kept engaged through out the promo period and not just during the exposure of the Ad, and this makes it really valuable for the brand
I found a nice process based illustration of an ARG shared on slideshare, which I think really illustrates how ARG’s can be visualized by marketing team.
Progression of an ARG
Towards the beginning of the third season of the popular american TV Series – “Lost” broadcasted by ABC along with channel 4 and Seven Network launched what they called “The Lost Experience” , which was launched in co-operation with over 20 broadcasters , making it the biggest ARG series based on a television series.
TLE was web based game based on the Lost series and the concept for ABC was to create a parallel story behind Lost which will engage the viewers and non- viewers to participate to find out the truth. There were no prizes which made it more interesting, more and more people were inolved in this game not for the prizes but for the satisfaction of solving the puzzle and connecting the clues given out. Videos were posted on the website http://thelostexperience.com.
Interesting videos like the one below were used for giving clues to help the characters solve the mystery.
The game was divided into 5 phases, with ad spots in between the Lost showtime, on the fictitious companies which were featured in the Lost series. This gave a real look for the search and people got ivolved in the whole thing. You can read more on the exact reality show here.
The game was a huge success that it raised the TRP’s of the Lost Series 3 and the marketing team achieved the critical target of engaging with the target audience, it was even reported that toll free phone lines associated with the game was jammed after it was first aired in Europe.
I think this is a great case study for marketing students and managers who are looking at coming out with an ARG plan and loads of learnings in terms of developing an integrated strategy with Blogs, Online Media, TV, Print, Outdoors , Telecalling included in the plan. It will be a nice idea to get hold of this case for research purpose.
ABC sure has a great case reference and definitely has not Lost it as far as ARG’s go :)
Adtech Webcast by Aaron Goldman
Couple of weeks back I attended a webcast by Aaron Goldman, Managing Partner, Connectual, on the top 10 hottest areas in Digital Marketing:
Some highlights from the session:
Biggest Mistake in Digital Marketing : Getting into Digital without research and listening
Agencies after 5 yrs: Digital agencies will have to move higher up the ladder towards Ideation and Managing Brand
Business Models: Delivery and Technology is as important as the message and so Agencies need to evolve themselves from creation of message to delivery through the digital medium.
Reaching consumers throughout their Media Day
I came across a very good visual on how much digital should change the marketers view of the consumers, especially the digital migrants and working population of 25+.
I can completely connect myself to this particular visual, May be a lot more of you can as well.
Just confirming my belief in digital, an old quote from Media baron Rupert Murdoch –“I dont know anybody under 30 who has ever looked at a classified advertisement in a newspaper”
Crisis of Myspace or have they got of it?
Myspace.com is a pioneer in the social networking website space, but we are seeing it slowly move
out of this space especially with the huge competition from Facebook in the past 2 – 3years. I was wondering how could a website which had a market share of over 80% in US just lose traffic, there has to be some basic learning which we should take out of the Taylor curve( Not exactly taylor yet) of this social networking site to understand this transition of the website.
Before: Now:
The strategy adopted by most of the social networking sites have been like Mark Zuckerberg says– “Growth is primary, revenue is secondary” The model has been working for facebook from a growth point of view where Facebook is doing great but its high time that they start looking into the revenue bit, its really unbelievable that a company with over 200 million customers is not generating profits. But in the case of Myspace the issue has not only been from a revenue point of view but also from growth point of view especially considering the fact that they have not been able to leverage the first mover advantage in this space.
Problems Myspace had/has
- User Design – There is a very nice post on the problems with Myspace design http://carsonified.com/blog/features/design/the-myspace-problem/
- Lack of stickiness factor
- Unable to crack any new models for advertisers unlike FB which keeps innovating( though not all work) but the fact that the company is doing things to keep the community engaged in its portal has been the key
- Architecture of FB applications has been a killer and myspace was a slow mover in terms of releasing API’s for external websites to connect up. FB connect is now more far reaching in that aspect
- Differentiating itself in the social network era
What are they doing?
- Myspace Music – Its one of the most wanted properties in Myspace now, especially because of the tie-ups with some good records
- Entry into Music is a great opportunity for Myspace to tap into a Niche of Social Music Community, which can be a potential growth multiplier
Now what about Monetising? Here is an interesting snippet on Myspace :
Myspace:
Numbers also show it clearly that the key is to crack the monetization for these networks. Innovative Ad models always seem to be the way ahead, but a transaction i.e. social commerce led model will definitely be something to look out for.
So, How do you think they will be get out of the crisis or have they already cracked a way to get out? Is Music going to lead it? Or something else?
Birth of Online Communities, tipping point etc.
Taking forward my previous post on online communities. Just going through the ways some of the bigger community birth to tipping point.
When we go through the history of how a lot of these communities were born, we will find something interesting. Listing down the stuff on some of the ones which I classified in the last post.
Going through this list of things, there is one common thing which we see, its that the biggest online communities in the world were born out of a personal need or hobby projects or just by chance. None of them actually was out of some VC sitting in silicon valley butchering down ideas and business models to carve out the perfect way to make money. There is one important factor in all of these things, its bringing about the “Stickiness Factor” for the people to stay on the page. Every entrepreneur around the world is trying to find that one stickiness factor that can build this community.
Some of the things which needs to be looked while building a community:
- Putting the members first – Don’t listen to VC’s
- Find ways to use the first mover advantage
- Try to understand what really causes the network effect for your community
- Start off with very less features, because people may not really be in your community for the feature. ie. the feature may not really be the “Stickiness Factor”
- Keeping talking to your community, leverage the power. Engage with them at a 1-to-1 level of communication
Hopefully made some sense.
Defining Online Communities
I had a very interesting session on building online communities last week, with loads of learnings.
I will be covering each of stuff in the upcoming posts: Planning to roughly divide them in the following structure:
- Defining an online community
- Growing and Reaching the tipping point
- Maturity and the eBay diffusion model
All these have been taken from various materials shared by our Prof. David at IE. The discussion was predominantly around eBay as David was the Head of eBay Europe so we did get a lot of dope on its success and how they managed the communities.
We had discussions on the following communities:
Wikipedia, Digg, Youtube,eBay, Paypal, Threadless , Skype, Yahoo Messenger,
Napster, Skype, Vuze, Myspace, Facebook
We divided all the above in the following framework as shown, but as we head towards a social commerce era, we are seeing the communities trying to get out of its key stickiness factor and do what other also do.
Is that the way to go for social communities, where they act as the supermarket for all community interactions. May be. May be not.
I will take up each of them separately over the next 2-3 weeks to put in something of my own.
Threadless.com – Participate, Shop and have fun
Its been sometime since my last post, been busy with loads of assignments at IE and work stuff eating the rest of my time.
Here is something interesting for companies who are really wondering on things to do to build a community. This example is of threadleass.com- a tshirt company. If you are wondering what a tshirt company is doing in a digital marketing blog, its simply because they made a $30 Million without an investor backing, and used the web as a sourcing partner. A model which everyone talks a lot about- Crowdsourcing.
The slide share presentation would give you a better idea on what I am talking about:
The second last slide talks about why this company came out to be special for me:
- Its not just Web 2.0 where ppl talk a lot just about technology and stuff
- More than a community – Its about creating a Fan base!
- Engaging and Playful – Great promotions , Great brand engagement tactics
- Its big business $$ – $30 Million without any of those VC’s to harass you
- Quality – Good communication to customers, asking right questions for better stock management
- No big investor backing! – Ya I keep saying this.
- No Harvard guys in here
If you found it interesting, do mention it somewhere in your community
BTW expect a lot more postings, as I got a summer break at IE right now from this friday on. Happy Sharing.
