Category Archives: News

MediaPost Publications Convenience, Customization, Ease Of Sharing 07/22/2011

The recent buzz around Google+ is just the sort of thing that can send marketers and media planners into a tailspin, lamenting yet again, “You mean theres another thing Millennials are doing en masse, and we have to reach them there, too?”Relax. Its not as difficult as it seems to prioritize your marketing efforts to reach the schizophrenic-like attention Millennials seem to direct everywhere and nowhere all at once.Through recent Magid Generational Strategies research on Millennial media behaviors, and the illumination that comes with tracking that data back five years, its apparent that three things shape relevancy for Millennials: convenience, customization and ease of sharing.Convenience Media and technology are important to Millennials, but they want it to fit around their lives. They have little interest and patience in the reverse — making their life fit around the media that interests them. For example, Millennials are more likely than Baby Boomers or Gen Xers to watch TV shows online. While this strikes fear into the hearts of cable operators everywhere and brings to mind the dreaded word “cord-cutting,” last years Magid Media Futures study suggests otherwise. A typical Millennials motivation to watch a TV show online has less to do with the fact that it is free, but more with the convenience of watching exactly when he/she wants, whereas Boomers and Xers are more driven by cost savings.Other media behaviors Millennials do more than older generations, like watching TV and video on their phones, watching movies online and listening to podcasts, are also all about convenience. Its not that Millennials arent watching TV on a TV or want to watch movies at home or in a theatre, they are attracted to options that let them do those things whenever they want.Customization Gen Yers have become accustomed to being lumped all together in generational stereotypes, but they know differently. They know they are each unique and, in fact, celebrate and encourage individuality. They were the first generation of kids to enjoy entire television stations devoted to them Nickelodeon launched in 1979 and Disney Channel in 1983. Later they didnt have to choose one of six pre-created players for their video games, they got to make their own avatars. Millennials are used to customization.The way Millennials listen to music reflects that expectation for customization. Millennials listen to the most music not on the radio e.g., personal MP3 players and streaming services. Obviously, they choose music on their own iPod, but they like creating custom stations on Pandora or listening to exactly the song they want when they want on services like GrooveShark or the newly released Spotify.Ease of Sharing When it comes down to it, the wild popularity of social networking sites like Facebook and Twitter among Millennials boils down to one thing — they make it easy to share with your personal network. Personal networks, a/k/a friends and family, are incredibly important to Millennials. Their parents instilled the importance of friends through formal play dates and sessions at Gymboree. Its what Millennials have always known. They carried that cohort perspective into adulthood and now actively look for ways to share ideas and tips, as well as the details of their lives, with the people they care about. Products and services that enable easy sharing will bode well with Millennials.

via MediaPost Publications Convenience, Customization, Ease Of Sharing 07/22/2011.

Gartner: 141 Million Consumers Will Spend $86.1 Billion Using Mobile Payments In 2011 | TechCrunch

A few weeks ago, Juniper estimated that the transaction value of mobile payments for digital and physical goods, money transfers and NFC transactions will reach a whopping $670 billion by 2015, up from $240 billion this year. Today Gartner is releasing its data report, taking a look at actual users of mobile payments services. Gartner’s research shows that mobile payment users worldwide will surpass 141.1 million in 2011, a 38.2 percent increase from 2010, in which mobile payment users reached 102.1 million. Worldwide mobile payment volume is projected to total $86.1 billion, up 75.9 percent from 2010 volume of $48.9 billion.

While Juniper’s estimates for mobile payments transaction volume were loftier ($240 billion for this year), Gartner analysts claim the mobile payments market is growing slower than expected.

Gartner says that particularly in developing markets, growth in mobile payments is not as strong as expected. Sandy Shen, research director at Gartner, writes, While developing markets have favorable conditions for mobile payments, such as high penetration of mobile devices and low banking penetration, this is no guarantee of success, unless service providers adapt their strategies to local market requirements.

Shen adds that she believes the mass market adoption of NFC payments is at least four years away, with the biggest “hurdle” as changing users behavior from using cash and credit cards to using their mobile phone. And she predicts that in 2011, merchandise purchases from mobile apps like eBay and Amazon will account for 90 percent and 77 percent of all mobile payments transactions in North America and Western Europe, respectively.

In developing markets, Gartner says money transfers and prepaid incentives will drive transaction volumes. In Eastern Europe, the Middle East and Africa, these two services will account for 54 percent and 32 percent of all transactions in 2011, respectively.

It’s interesting that Gartner doesn’t seem to be too bullish on NFC in the near future. Clearly Google is making a big bet on NFC with the launch of its mobile payments product Google Wallet. And PayPal just announced its integration with NFC for Android phones. Perhaps that leaves more breathing room for innovative companies like Square to continue to disrupt the mobile payments space without adopting NFC technology.

via Gartner: 141 Million Consumers Will Spend $86.1 Billion Using Mobile Payments In 2011 | TechCrunch.

4 Surefire Mobile Marketing Tips : Technology :: American Express OPEN Forum

Why wait for prospects searching on their mobile devices to find your business? Sure, millions of people use their mobile devices to find products and services every day, but by using outbound mobile marketing you can actively reach out to these potential customers and bring them to your site.

Try these tactics to help increase calls, site visits and walk-in traffic:

1. Highlight location information

Mobile users are often searching online for a nearby store, restaurant or other kind of business, so make sure your website features mobile-friendly maps and directions. Don’t limit your reach just to the people who are looking for you. Instead, encourage customers to “check in” on any location-based service they use—such as Foursquare or Facebook Places—so their friends can see where they are. Make it fun and rewarding for customers to visit your business by signing up for these services yourself. This allows you to offer special discounts or prizes—perhaps a free dessert or parking—when customers check in at or near your location.

2. Consider creating a mobile application

Mobile apps can be a powerful marketing tool since they can take advantage of a smartphone’s suite of built-in features. That’s likely why one-third of small- and medium-sized businesses in a recent AT&T survey planned to increase their use of mobile apps as a marketing tactic in 2011.* App possibilities are nearly endless: For example, a wine shop could create an app that includes tasting notes for different wines and lets users record the ones they’ve tried. A bookstore could create a “who’s the author” trivia game to encourage browsing through the store.

3. Reach out through text and multimedia messages

Most of your customers and prospects can receive text or multimedia messages on their phones. Create a text messaging list and invite people to join in. Use a short phone number (or “common short code”) and an opt-in keyword and then send periodic messages such as lunch specials right before lunchtime, notifications of subscriber-only sales, announcements of new inventory or reminders of upcoming appointments. Limit your messages to two or three a month so you don’t overwhelm your subscribers. In AT&T’s survey, 34 percent of small- and medium-sized businesses planned to increase their use of text message marketing this year.*

4. Consider mobile advertising

Take advantage of mobile advertising by placing ads on mobile versions of newspapers, blogs and other external mobile sites. Or create a mobile search campaign. If you do, keep in mind that mobile users’ queries tend to be short, task-driven and location-specific—so choose your keywords accordingly. Take advantage of geotargeting (targeting by city, metro area, radius from your business) to help reach nearby mobile users. After all, they’re the ones who will most likely be searching for you.

Before you get started in mobile marketing, think about creating a mobile website or optimizing your existing site for mobile visitors so they can easily get acquainted with your business while they’re on the go. With AT&T’s mobile website hosting service you can convert your full site to a mobile site that’s compatible with all major smartphones and there are additional tools that allow you to keep track of your mobile website traffic and visitors.

*The AT&T SMB eCommerce Survey was conducted online among a representative sample of 310 principals of companies with 1 to 100 employees in the United States by Bredin Business Information Inc.

via 4 Surefire Mobile Marketing Tips : Technology :: American Express OPEN Forum.

5 Current Trends Shaping the Television Industry

Although TV ownership dropped last year for the first time since 1992, traditional TV viewership rose 22 minutes — the length of a sitcom — per month. Now the average viewer consumes 159 hours of TV per month.

And there’s also a new media platform — your Internet browser — that increasingly competes for your attention. According to Forrester, people spend as much time on the Internet as they do watching television — and sometimes they watch TV on the Internet on sites like Netflix and Hulu. So how does digital’s infiltration of the mainstream affect consumer trends when it comes to television?

Market research firm Mintel recently published a report on the U.S. television industry — we checked out the data and found some other stats to shed some light on what’s happening in the world of television.


1. TV Embraces the Internet


netflix image

Thanks to Hulu and Netflix, people don’t necessarily need television sets in order to consume media. But while the recession prompted consumers to cut back on dining out and other frivolities, they did continue to spend on home entertainment, which has prompted many TV manufacturers invest in new, Internet-enabled models. So even while traditional television is being challenged by the rise of Internet video streaming, manufacturers are embracing new consumer behaviors.

Look at Sony’s search-centric Google TV, for example. The set allows user to search for “Seinfeld,” and call up air times, cast information from IMDB and information on where the content can be viewed on the web — it’s a more holistic and streamlined experience.

There are several other ways to stream web content to your TV, including the use of connected devices likeBoxee Box. The symbiosis between Internet, apps and TV could keep the TV industry going strong.


2. The Box Office Pulls People Away From Their TVs


Read more at 5 Current Trends Shaping the Television Industry.

MediaPost Publications IAB: Marketers Plan Big Increase In Mobile Spend 07/20/2011

 

 

Mobile may still be a mystery platform for a lot of marketers — but brands are rushing in, with agencies on vanguard. The Interactive Advertising Bureau (IAB) finds that over half of the marketers who responded to a survey said their companies’ mobile advertising spend over the past two years has increased “to some degree,” with 29% reporting an increase of over 50%.

That’s not at all surprising given the buzz around mobile, but consider what IAB says will be coming down the road. The firm’s “Marketer Perspectives on Mobile Advertising” study of 300 top-level brand-marketing executives includes a prediction that a much bigger increase is coming over the next two years, initially driven by marketing programs on smartphones.

Nearly three-quarters of the ad-spend decision-makers the firm surveyed for the study said they are looking to increase their mobile advertising budget, with 35% saying they will increase spend by over 50%.

Read more at MediaPost Publications IAB: Marketers Plan Big Increase In Mobile Spend 07/20/2011.

Latinos Leading the Mobile Web | ClickZ

 

 

Mobile is the fastest-growing platform in the world. In the U.S., for example, there are more than 290 million mobile subscribers. And this growth is not only about penetration. It’s reshaping the way consumers use their devices. The mobile industry estimates that, by the end of this year, almost 90 percent of all new phones sold in America will be smartphones.

In that same direction, according to Google, mobile web traffic will surpass PC traffic in 2013. It’s clear that, for marketers, mobile marketing represents a powerful tool whose role needs to be redefined.

Read more at Latinos Leading the Mobile Web | ClickZ.

Which Social Sites Are Best for Which Marketing Outcomes? [INFOGRAPHIC]

Which Social Sites Are Best for Which Marketing Outcomes? [INFOGRAPHIC].

 

The CMO's guide to the Social Media Landscape

 

What the F**k Is Social Media Now

I wish I could take credit for this deck, but I’m happy to give credit to the folks at brandinfiltration.com that created it.  So good.

Article: UFC and Its Gang of 4.6 Million Facebook Friends Body Slam Sports Broadcasting

UFC and Its Gang of 4.6 Million Facebook Friends Body Slam Sports Broadcasting
http://www.fastcompany.com/1723897/ufc-bets-that-facebook-is-the-future-of-sports

9 new rules for YouTube marketing – Actions, promotions, and YouTube Insights – iMediaConnection.com

Great article here on youtube marketing