product development and marketing

Your Roadmap for Product Development and Marketing

This is a snapshot from a FANTASTIC report from Altimeter about Content Marketing and Development. As we move ahead and more and more companies are moving into the Content space (past the traditional press release or white paper) this map is a great thing to hang over your wall.  Does what you are planning to create (mobile app game? Mobile app informational service? blog? video series?) does it fit into one of these bubbles and more importantly; does it fit into the RIGHT bubble?

This is a great one to hang on the wall above the desk and look at during those conference calls about content strategy. Most people don’t really know what content can be – this can help!

You can download the full report here:

Altimeter

social media ROI

Great Points….thanks involver.com!

Three Social Media ROI Myths

Some social media marketing myths still persist despite the growing understanding of how to use the new marketing channels. Here are three of them.

Social Media is NOT free

1. Social media is free.

Signing up for a Facebook page or a YouTube channel may be free, but that doesn’t mean social media is. At the very least, successful social media content still takes time to plan and develop, and someone in the business is being paid for that time. However, the good news is that once a social media marketing strategy has been decided upon and people have been allocated to the project, the cost of social media remains relatively flat, while profitability increases over time. Whether or not profitability happens, though, totally depends upon the success of the social media campaign.

2. It’s impossible to assign a monetary ROI value to social media marketing.

Although marketers are still learning how to measure the ROI of social media efforts, stating that the monetary value of a social media campaign cannot be measured at all is not true. As you will see in the next section of this article, many businesses are already successfully measuring the dollar-value of their social initiatives.

3. Social media costs more than it makes.

This is a “myth” that is actually true–for businesses who are poorly executing social media campaigns because they don’t understand their audience, don’t understand their technical tools, or just don’t understand social media itself. Businesses who do not invest the time it takes to learn about their audience, how to grow that audience, and how to interact with that audience will ultimately spend more on social media than social media brings back to them, but this is not the fault of social media itself.

Six Examples of Social Media ROI

Want to see some recent concrete examples of businesses who are measuring the results of their social media campaigns? Try these on for size:

Social Media ROI

1. Best Buy’s innovative “Twelpforce” enlists knowledgeable, everyday employees to answer customer support questions via Twitter. Best Buy estimates that this “social help desk” saves them $5 million annually in support. [1]

2. Bonobo’s social business became 13 times more cost effective (CPA) in acquiring a new customer from Twitter than from other marketing channels. [2]

3. Paramount Pictures’ #Super8Secret (hashtag) Promoted Trend created a tremendous spike in conversations: Tweets of the hashtag reached nearly nine million impressions in less than 24 hours and mentions of the movie skyrocketed to more than 150 per minute. Receipts for the sneak preview exceeded $1 million, and Paramount said weekend box office surpassed expectations by 52%. [2]

4. Petco’s 1% of shoppers use “Ask and Answer,” that influences a 10% increase of revenue on their website. [3]

5. Sprint’s monitoring of online conversations about their brand enabled them to tweak their social media campaign messaging. As a result, the company says it picked up an extra $133 million in revenue. [4]

6. Sephora Community Users spend 2.5 times more than average customers, and their superfans spend 10 times more. [1]

internet censorship

The day the Internet Died

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What Content Do We Need?

I LOVE this. LOVE. LOVE. LOVE. I may wallpaper my office with it I love it so much.

These days a marketing campaign can no longer use the print, OOH, website, TV checklist. Long gone are the days where production on a campaign only meant taking care of 4 channels.

These days you must wrap your message inside content. Its like a subtle way of gaining entry into the mind of your potential audience. Unfortunately there is an inverse relationship here – you have to do the most work for less people – which are your actual consumers.  Think about it – this is the nature of CRM. This is the nature of what all brand marketing needs to adopt.

This grid should really help get some ideas going no matter what type of brand, product or idea you are trying to create awareness, purchase or adoption of….and makes fabulous wallpaper.