Tag Archives: Marketing and Advertising

Internet Talk Radio:The Newest Social Medium

“Social media is not an ad. People don’t see your post, tweet or LinkedIn profile and buy. The purpose (and promise) of all social mediums is simply to start a conversation with someone you’d like to meet.”

I belong to a group called CRITICAL MASS FOR BUSINESS. It’s a facilitated CEO PEER GROUP that meets once a month for 4 hours. The group is limited to 12 members, all of whom own similarly sized businesses in non-competeing industries.

Our typical agenda starts with a recap of what happened to all of us over the prior month including reports on whatever we did (or didn’t do) to implement the suggestions, ideas and “action plans” from our last meeting. For many of us (me included) this “accountability to someone other than yourself” may be one of the most important features of this group. We’re all entrepreneurs, not used to reporting to anyone but ourselves. The problem with that approach (however) is that it’s far too easy to make excuses or put off painful decisions when there is no one looking over your shoulder, prodding you to improve and move forward. “I’ll do it tomorrow” too often means it never gets done.

Then comes the truly transformative part of the meeting: the “round table discussions”. Here is where the rubber meets the road and people really get to the heart of their issues. Using a strictly controlled “question and answer process” (guided by our professional facilitators) we probe, distill and digest whatever issues each member wishes to bring forward. It’s not always a pleasant experience to be on “the hot seat” but it’s always informative and often illuminating. This is the only true “no spin zone” I know. You’re in a confidential setting with 11 other struggling entrepreneurs, many of whom are wrestling with the same issues and obstacles you are. And it s the only place I know where you get really honest, no bs feed back. Who else is gonna tell you such truth? Your friends and family (who don’t want to hurt your feelings?) Your employees (who don’t want to lose their jobs?) Or some consultant (who really wants to please you and keep getting paid and whose narrow expertise may not allow them to see the whole picture?)

This is the magical “mastermind” part of the meeting: 12 individual minds coming together as one urging, adding to and otherwise improving upon each previous thought. Organized brainstorming, proving once again that the sum is greater than the individual parts. How can this help? Well, it’s hard to describe unless you’ve experienced it. But let me say that (in my own case) it gave birth to a whole new business.

I was a long time PR person whose core clients (billiards, hot tubs and other home improvement products) had seen a dramatic decline during the recent “Great Recession”. Hot tub sales alone fell by over 70%. So, one by one, my clients were either going out of business or cutting back dramatically on their overall marketing services (including me). I entered the group to find a way to revitalize my business. Instead, the group opened my eyes to a whole new business opportunity.

As I recanted my problems to the group and discussed how foolishly I’d put all my “eggs in one basket” (by narrowly focusing on just one niche), how “fat and happy” and complacent I’d become in the process and how I’d generally stopped learning, growing and aggressively marketing my services to others, it became clear that I needed a new fire or passion to prod me in a new direction and a distinctive service to offer. Then, after casually mentioning that PR companies were being asked (more and more) to take on the role and responsibilities of “social media strategist” for their clients (since ad agencies-used to making ads–and marketing people-used to collecting and analyzing data–neither knew how nor wanted to explore this new aspect of marketing), the group started prodding me to explore this subject and educate myself on this opportunity. That led to long discussions about “what is social media”, “how is it different than traditional advertising, PR and marketing” and what is its fundamental purpose?

That, in turn, led me to some remarkble insights such as “social media isn’t an ad on the Internet”. People don’t just read your blog or “tweets” and buy. Instead, its something we’ve never seen before. The purpose (and promise) of social media is that it allows you to start a conversation with anyone you want to meet, from which you can learn, explain, explore and otherwise engage them in a meaningful dialog in which (hopefully) both sides receive some benefit. That means you can’t just “ask for the order” anymore. You have to be willing to offer some ideas and information for free, upfront, before you start the sales process. Information that your audience (hopefully) will find so interesting and informative that they pass it onto others in their network and community (creating “brand advocates” or “viral marketing” for your goods or services in the process). Then you have to respond to their questions and comments and keep them coming back for more. In other words, you have to have something interesting to say and then keep saying it regularly and often.

That’s why most social media programs fail. Most companies aren’t prepared to become their own media production companies. They run of out meaningful things to say and they don’t regularly keep at it, primarly because it takes time and discipline and it may not show immediate ROI. And quite often, no one in the company is prepared to take on the additional role of “social media spokesman”, which is why it defaults to the traditional PR people (who are used to regularly speaking for their clients).

And that’s when it occurred to me. This is what I should be doing, particularly since I originally started off in radio broadcasting and communication right after college (as a traditional DJ on WMYK, “K94″, in Norfolk,Virginia). Then came the even bigger insight that “I think I know a simpler and more powerful way to do this!” For if the purpose of social media is simply to start a conversation with someone you want to meet, then what could be easier than simply calling them up, interviewing them over the phone and then streaming that conversation live to the world? You could even record, archive and store it on some server, making it available 24/7 as a download for others to listen to and enjoy later as a “podcast” on ITunes and elsewhere.

Wouldn’t that be much easier to produce than trying to research and write a new blog or mini-article each week? And (ultimately) wouldn’t it be much easier for your audience on the Internet to consume (given the fact that most people would rather watch or listen to something on the Internet than read it?) And wouldn’t these weekly live conversations be more interesting and stimulating than just talking to yourself ? (a problem that plagues most other social mediums like blogs, tweets and traditional podcasts) And wouldn’t a live, weekly broadcast, at a regular time and place, be more likely to engage your audience, particularly if they could call-in their questions (just like any traditional talk show) or log-on, in real time, and tweet their comments ? And wouldn’t your guests immediately tell all their friends, customers and clients to listen? And wouldn’t they put a link to that recorded interview up on their site after the fact (which would help drive traffic and links to your site, thereby raising your search engine rankings and giving you a free ad on their website forever?) The answer to all this was “yes”.

Thus was born a new “social medium” and the business to go with it: OC TALK RADIO, Orange County’s only community radio station giving local businesses a voice on the Internet. For more information, check us out at www.OCTalkRadio.net.

26 Ways to Use Online Video

Courtesy of OneMarketMedia.com

“Online video”, “web video” and “Internet video” are terms that will soon fade from our lexicon. They will simply be shortened to “Video”. While the portable bandwidth of DVD’s and now Blu-ray will continue to be used for some time, faster broadband and wireless speeds will result in all media moving “online”. Broadcast television will become just one piece of the Internet. Video will be the dominant marketing media format for business. Throw rich media and social media into the mix and the result is a profound transformation to the way that companies promote themselves.

Your company website will soon house a variety of different video and rich media assets that will be used to differentiate your offering, educate your customers and influence your influencers. Here are 26 examples of how video is being used by companies today to help move their businesses forward:

1. Customer Testimonials
Nothing is more compelling than seeing and hearing your customer (in their own environment) extol the virtues of your products and services and explaining how you helped them achieve their business goals.

2. Video Success Story
It is often challenging to get customers to agree (especially larger customers) to go on camera to talk about your company. You can still present the customer success with your own presenters speaking specifically about the customer win or talking more generically about a company win in that industry.

3. Video Case Study
A video case study combines customer testimonials with more a more in-depth explanation of how your company’s products and services helped your customer be successful. These case studies usually incorporate two voices – a narrator and the voice of your customer. These usually follow the “Problem, Solution, Benefit” format – very similar to their print equivalent.

4. Product Demonstrations
Show how your product works – highlight the features that differentiate it from your competitors. A software walk-through, a 3D cut-away, a high impact demo by a presenter are all excellent ways of showing how your product or service works.

5. Product Presentations
Product demos shows the details of how your products work. These are best used in helping your customers and prospects differentiate between your products and services and those of your competitors. Early on in the sales cycle you need to talk more about benefits – from the customer”s perspective. Product presentations explain how your product can help your customers solve their business problems. Determining where your customers are in their buying cycle is just as important as segmenting your audiences.

6. Corporate Overview
Corporate overviews are often the starting point for companies using video to promote their services. Corporate overviews are usually brief (2-3 minutes) and can include a short history, some location/facilities shots and introductions from your senior management team.

7. Executive Presentations
Whether you are preparing for a quarterly update, responding to a major event in your industry or making a regularly scheduled presentation there is great value in presenting the “face” and “voice” of your leadership team to all of your constituents.

8. Staff Presentations
Social media and other Web 2.0 trends have caused companies to reconsider how they communicate with their external audiences. Your senior leadership team should not be the first and only consideration for representing your company. It is becoming more important to consider showcasing the people that drive the day-to-day operations of your company. Customer service representatives, technical experts and legacy workers are all valuable considerations for this new category of corporate video. Surveys show that there is more trust associated with these employees than with senior management. When you are selling to influencers in organizations – versus economic buyers or the decsion makers it is especially important you represent your company with people that your customers and prospects can relate to.

9. VLOG
Video blogging has been gaining popularity on personal and expert blog sites and is now carrying over to corporate blogging as well.

10. Corporate facilities or equipment tour
While corporate overviews serve many purposes a corporate facilities or equipment tour can be used to highlight the unique characteristics of your building, and infrastructure, to show the breadth of your operations and reach or to highlight special equipment that sets you apart from your competitors. (Uniqueness is certainly a key to success here)

11. Post sale support and maintenance videos
No one reads manuals. You can save thousands of dollars of post sale support by creating informative assembly, installation and maintenance videos for your products and services.

12. Overnight expert videos
If you serve a large geographic area or sell through channels then it is well worth the effort to put together short overnight expert sales support videos that highlight the key selling points, features, benefits, objection handling and follow-up issues to consider by your direct or channel sales force.

13. Training
Corporate video first gained prominence with training (service, support, sales, personal development etc.) and continues to be one of the best uses of video. Online Video is a cost effective substitute to in-class training. You can also integrate video into online training management tools.

14. Health & Safety
The cost of dealing with health and safety related issues within organizations continues to grow. Video is one of the most effective means of minimizing these costs.

15. Internal Communications
In larger companies no one has the time or interest to understand what other groups or functions within the company do or why they exist. Internal videos that highlight activities, procedures and best practices can save money and lead to more effective communications. They are also a great way to show off your local hero’s.

16. Recruitment Videos
Finding the best employees is the single most important function of any company and yet comparatively small amounts of time and money are allocated to this critical task. Recruitment videos that feature company employees, highlight corporate culture and promote the direction of the company can be very influential.

17. Employee orientation
Once your new recruits are on board employee orientation videos are a great way to get new staff up to speed. Company history , structure, procedures, policies and codes of behaviour can all be communicated effectively with video.

18. Marketing
Outbound programs like email marketing and direct mail are taking advantage of video and rich media as a more engaging way to capture and keep the attention of customers and prospects.

19. Landing pages and other web pages
Video is beginning to replace or supplement text and graphics as a content element on many corporate websites. Landing pages can offer a more compelling call to action with video.

20. Event Video
There are many ways to leverage the considerable amount of time and money spent on events and trade shows with video: Capture demos on camera while you have your experts assembled in one location. Capture speaking opportunities from your execs and re-purpose them on your website. Use the opportunity to video short testimonials from your customers while they are at your booth. Capture the event or trade show activities and share with the employees back at the office.

21. Video Press Releases
The standard four paragraph press release is now being supplemented with video and rich media to tell a more engaging story.

22. Viral Video
Many companies are testing viral video as a means of promoting their brand. Striking the balance between maximizing entertainment (pass along) value and minimizing blatant brand promotion is the challenge.

23. Commercials
While advertisers are becoming more selective in how they chose to spend their promotional dollars with broadcast television, other venues for commercials such as online entertainment, online sponsorships, games, event sponsorships and in-theatre are starting to take the place of broadcast and cable commercials. Expect more and more video screens to crop up on every building, device and structure offering an even more diverse set of advertising opportunities.

24. Company Lobby Video
HD video screens are popping up everywhere – why not in your lobby or reception where you can get a jump start on first impressions.

25. Market research, focus groups and polling
Market research firms are now capturing the anecdotal feedback along with the raw statistics of their research. If a picture is worth a thousand words then a video of your customer describing her likes and dislikes of your new product is priceless. Go to YouTube to see how people are describing your products and services.

26. Community relations
If your company is out working in the community, being good corporate citizens, helping the environment, contributing to valuable causes – you should be capturing those efforts on video.

Digital Out Of Home Ads Increasing

by Garry McGuire IMedia Connection

Digital-out-of-home (DOOH) is demonstrating its value as a relevant, consistent, and effective medium for advertisers. It’s predictable and easy to buy. But reaching maturity, and realizing broad acceptance and prosperity, will take more work.

Here’s my point of view on the key issues facing DOOH network operators, and how they should be addressed.

Focus on audience
DOOH media is planned and bought much the same way as broadcast, online, and print — by audience profile. The significance of people consuming more media out of the home than in-home has become important to advertisers. The right message delivered to the right consumer, at the right time, along the path to purchase — this premise is now particularly important when targeting an audience.

Stay informed.

For more insights into the latest trends in emerging marketing technologies, attend the iMedia Breakthrough Summit, March 20-23. Request your invitation today.
The chief marketing officers and the agency planners out there don’t buy place. They are not looking to get their message running in certain kinds of venues. They want to reach a certain viewer profile broken down by characteristics like age, gender, and lifestyle. The only exception to that is true out-of-home shops that are selling billboards and, thus, selling specific locations and areas.

Digital-out-of-home is more of an online and broadcast environment than it is out-of-home. By selling audience and not place, the medium is going to get bought more broadly. Place is a great qualifier on a media buy, but the big dollars in the media world right now are in broadcast and online, and those are bought based on audience.

Here’s the sort of pitch that we see resonating with people who control media budgets.

If you operate a gas station network, for example, don’t talk about how many screens are running. Talk about the demographics of the people spending time in front of those screens as they pump gas. You want to convey the size of the audience of men and women, 18 to 52 years old, who have an average household income of $100,000 or higher, and are in front of those screens repeatedly. If you have a retail network, don’t talk about the fact that your screens are in a convenience store environment. Talk about how you represent a viewing audience of 10 million alpha moms, or whatever most powerfully characterizes your viewership.

Make this easy for advertisers and media partners
It’s been pointed out many times by media pros, but I’ll repeat it. It takes far more time and energy right now to plan and execute a small DOOH buy than it does to book a much larger broadcast buy. That has to change. The DOOH industry has to make it easy for advertisers and media planners if it wants to firmly be part of the mainstream.

Make yourself available
The biggest agencies have their own internal media planning systems. If you want to be part of major buys next year and beyond, you must figure out how your media inventory shows up in those systems. If you’re not in there, you’re not on the plans. The biggest agencies that control media dollars have in-house systems for broadcast, and they are quickly moving to systems for DOOH, as well. Starcom MediaVest is already using such a system.

If you can’t beat them, join them
You need to use the common nomenclature, measurement metrics, and pricing methodologies of the media business. You can’t invent your own and force them on a well-established industry.

Adapt to the industry’s needs
Be ready to transact the way that media industry members want you to transact with them. It has got to be the way they want to measure it. It has to be the way they want to price it. If you have a sight, sound, and motion DOOH network, and you are positioning it up against broadcast, you better be able to convert from cost-per-thousands (CPMs) to gross rating points. You cannot walk into a broadcast buyer’s office and talk about CPMs. That’s not how they work.

What happens is that planners struggle and then give up on trying to execute a cross-network buy because they can’t do an apples-to-apples comparison. That then means those DOOH networks that don’t report and sell the way agencies want simply don’t get bought.

Get better at data and analytics
Major media research firms are all now very active in the DOOH sector, and we’re seeing substantial work — such as Arbitron’s “Digital Place-Based Video Study” and Nielsen’s “Fourth Screen Network Audience Report” — being done to define audience characteristics.

We’re also seeing guidelines emerge and be refined in North America and Europe that encourage common ways to measure and report audience metrics, network by network.

Big research is really important in this sector because it makes DOOH easier to buy. The exciting thing is that all the research that is coming back from the field is coming back largely the same. There’s a positive trend reinforcing the impact and efficiency of DOOH. Those great results can’t be dismissed as anomalies because the body of evidence is now too large and consistent.

It’s that breadth of research that will hopefully stop what has emerged as a bad trend in this sector — the willingness to do custom research on media buys. We all want to sell our media so much that we offer custom research on every single ad buy. But that’s a mistake. The costs are too high, and it only adds to a story that’s now well established. Let’s focus instead on the larger industry research.

Speak with a common voice
DOOH network operators need to stop sniping at each other and start talking together about how this media format reaches, engages, and has an impact with consumers outside their homes. As long as we are fighting with each other about who has the best fitness network, or coffee shop network, or whatever it is, none of us will get bought. The media business doesn’t want to listen to us as we air our dirty laundry.

There is a lot of media money out there, and it is constantly moving around from different buckets. DOOH networks have a far better chance of drawing down from those buckets if they move off of trying to sell against their direct competitors and focus, instead, on selling the efficacy of the category.

The tide will rise for everyone if we speak with a common, positive voice.

Garry McGuire is the CEO of Reach Media Group