Rich Clark Marketing

Opinions from Rich Clark one of the UK's leading Marketing Professionals


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When Virtual Becomes Reality

t-mobile flashmob-dance-tv adWhen Virtual Becomes Reality

FlashMobs were once the buzz of those in the know.  Mobile and online communities creating a mass gathering, normally just for the sake of it. This has now been given mainstream status by the recent T-Mobile ads.

 

Nowadays with the rise of social media the distance between virtual and reality are becoming ever more blurred. People have for years used social media (chats, blogs and forums) to arrange meetings with others with similar interests.

 

 

At present social networking is used to generate mass awareness, awareness within niche areas or to generate attendance at events.

 But the world of virtual and reality are colliding and the masses are joining forces to meet with fellow followers, whilst at the same time raising money for charities. What am I talking about?  Twestival is a perfect example of this.

Twestival saw Twitter users, followers, Tweeters create events all over the world in over 200 towns and cities, raising over $250,000 for water projects in Ethopia. This isn’t isolated, who can forget the infamous Facebook waterfight. Two things make Twestival stand out from my point of view, the fact that Twitter has only recently hit the mainstream and that given the current economic climate it was all done for charity.

 facebook waterfight

 

Examples of brands identifying this phenomena early and making it work to their advantage are Innocent (and the innocent village fete which uses Flickr and Blogs) and Nike utilising actual products (Nike+) and creating a massive buzz around a sports event. Not only did Nike create a one of buzz, it has successfully maintained a passionate and engaged community. There is a real connection between the concept, the events, exercise and the Nike brand. Members of that community are very likely to be strong advocates of the Nike+ product.

To my mind, very few organisations have really struck a chord with their target audience in social media. However those that find a winning concept will not only create immense brand awareness. Their strategies should also engender loyalty and in turn sales.

Maybe its an old fashioned marketing theory. But if you give people something that they want or need and create a buzz from more than just one medium – you should just get a winning formula.

You can keep up to date with Twestival updates by following on Twitter


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Recession Resistant?

Can online marketing escape the recession?

With any economic downturn/credit crunch/recession comes the usual questions at the board rooms of most organisations. 

How effective is our marketing? 

Could we do without our advertising?

Is our strategy a luxury?

It had been thought that in this current recession, online would escape the questions or criticisms.  However as a lot of organisations are facing tougher times, including several high profile victims, online is being asked to be even more accountable than ever.  Is that such a bad thing?

Well that depends.  If you have all the data to hand and have tried every potential opportunity for your brand, then it can only be a good thing.  You should be able to pin-point the exact levers to pull in order to produce the desired results.  Unfortunately, very few organisations have or are in that situation. 

So what is next? 

Well it makes sense if your organisation is able to invest in acquisitional activities it should do so.  And if possible increase that investment.  Channels that offer high levels of transparency, low costs or better still low risk (CPA or Hybrid deals).  Even with these options you still need to understand the customer journey and have an effective method of de-duping (I am amazed at how many organisations still don’t have that cracked).  Are these methods recession proof? I’m not entirely convinced.  Marketeers experienced in working with Google will have noticed bids and ROI change over the past 9-12 months.  Also, Google are experimenting with a number of tools or models to help maintain their revenue.  Including dropping their previous stance of no Gambling advertising.  It all depends on your sector, Finance in the main is seeing a dramatic fall-off – largely driven by sub-prime advertisers pulling back on their investment.  One thing is for sure, Google will probably be making more sales visits than they have in recent years.

What about display?

Display obviously pays a role in most campaign mixes or strategies.  However the traditional CPM model is a risky one, unless your brand can afford the luxury of brand advertising or if you aren’t responsible for a transactional website.  One point that is neglected or overlooked is the multiplier effect.  Most advertisers still look at last click wins.  This is why in a number of sectors display loses out.  Recent investigations by ComScore in the US indicates a genuine effect on search from display.  However is that enough?  The main benefit of display in my opinion is that it can not only drive awareness, it can also put more people in your sales funnel.  This is something search isn’t particularly good at.  Most people in search mode already have an intent, whether latent or active.  Would I start to invest millions of my budget in traditional display advertising?  In short – No.  However, with the market in its current state, new technologies are constantly evolving.  With the growing maturity of behavioural and re-targetting technology, an increasing number of media owners are willing to undertake activity on a CPA activity. 

 

Remember, although CPA presents far fewer risks, it sometimes can be more expensive than CPM or CPC and volumes are likely to be lower.


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First Post

I am Richard Clark, a Marketing Professional with a few years experience now (without giving my age away – it is double digits).  So this is my new attempt at creating, maintaining and updating a blog.

I have made a couple of forays in the past, however have lacked the time and inclination to make it work.  Hopefully this time will be different. 

With the current economic climate marketing professionals are faced with new challenges they have never faced.  Marketing is not exempt from feeling the pain, online marketing/advertising was considered the only place to be unaffected due to the transparency and ease of tracking.  Is this exemption a given right or do we have to work for it?  The simple truth is we have to make the medium work harder and generate the results we need for ourselves, our organisations and our customers.

In addition, the internet has become mainstream.  Even new sites or channels that were previously the preserve of internet geeks or early adopters are become mass adoption and available to the masses at a much more accelerated pace than previously.  This is potentially best illustrated by the recent rise of Twitter.

However, internet marketing and/or advertising still faces the same challenges whatever the economic state or evolving media.  We must hit the KPIs set out for us and obey or set best practice.

I hope you find my blog informative and potentially enjoyable.  If there are any topics you would like me to cover, please feel free to let me know.  Alternatively if you would like to post a guest blog, just let me know.