by Allen Weiner | March 6, 2014 | 3 Comments
Let me start off my stating how little I like the term “Internet of Things.” My take is that this phrase—which represents the grand concept of using IP technology to link together associated products to facilitate a behavior or action—overhypes yet undersells the promise in a connected world. It’s a brilliant idea whose time is now, but turning it into a market wide technology panacea sets it up to fall short of wild expectations. As I jokingly discussed with a colleague at last year’s Gartner Symposium, this IoT deal has been around since the ‘90s when telemetry was used to let the local Coke bottler know when a dorm’s soda machine was out of caffeine-laden goodness. IoT circa 2014, however, has greater buy-in from more constituencies—indeed, entire ecosystems—than that these first iterations and those with any sort of future vision can see its manifest destiny.
Sure, there are all sorts of Thingy applications that can better the greater good—from controlling traffic flow using in-car signals and roadside sensors to monitoring your home’s energy remotely to save money and lessen the burden on the local grid—but it’s the commerce Things that catch my eye. Case in point, the GE Social Fridge, which will be on display at the upcoming South by Southwest (SXSW) which is held this week and next in my adopted home town of Austin, TX. The fridge opens to offer beer and soda to passersby only after 10 people have checked in via Foursquare. A simple yet thought-provoking way for retailers to create in-store excitement and engagement as they marry Social Things with Crowds/Mobs to build cool, commerce promotions. Taking the fridge example to its next level: after 10 people check in, uncap your beer or soft drink to enter a contest for your own IP/sensor-driven fridge. Also, that cap could include a coupon off our next purchase of Shiner Beer or Jones Soda. Now, we’re talking cross-promotion.
Let’s look at the bigger picture that rests at the intersection of Things and Commerce. Let’s stay with the fridge and overlay the world of predicative analytics and commerce. Amazon, among others, hope to use predictive analytics to pinpoint and plan for customer demand for products and services. If my fridge sensor realized I was running short of eggs, a message could be sent to my local grocery store to deliver a dozen to my home. Perhaps a subtle notification to that same grocery store which could allow that merchant to understand my egg consumption pattern so it could maintain a more precise inventory of goods based on the collective needs of its customers.
Digital marketers are faced with the need to have a vision that looks at the past, the today and the tomorrow. The past and present represent fuel to drive today’s campaigns but the future offers excitement that not only inspire cool ideas but ensure ongoing relevance to your peers and your customers.
Category: digital commerce digital marketing Tags: GE, internet of things, social fridge
by Allen Weiner | February 28, 2014 | 2 Comments
For those who missed it, I encourage you to listen to the replay of my Gartner Webinar (subscription required) on the role content management plays in developing a winning digital marketing content strategy. The session stresses the importance of understanding how content marketing, content management and curation fit together for brands and digital marketers. As I said in the webinar, it’s important to know how the sausage is made even if you never plan on making your own sausage by hand. Understanding the fundamentals is a key to working with providers and other third parties as well as raising your content marketing IQ.
We had a number of terrific questions. If you have one, share in the comment box below.
Category: digital marketing Tags:
by Allen Weiner | February 18, 2014 | 2 Comments
A year ago, putting our professional heads together, my colleague Jake Sorofman and I began exploring (what was then) the nascent world of content marketing. Without a roadmap to predict where it was heading, we focused on such elemental advice as encouraging marketers to “think like publishers” (subscription required) and other similar blockings and tackling pointers. Jake’s background as a CMO and mine as a media sort allowed us to converge our thinking to provide some baseline thinking about content marketing as well as some vision to possible industry trajectories.
As I sift through the countless reflections and predictions that emerge from commercial advisors as well as the everyman blogosphere, the consensus is that content marketing remains a work in progress and that one of the biggest priorities should be the integrate content marketing into an overall business strategy. A few pundits echo/recycle our thought that marketers need to think like publishers. But, one year later, I am not so sure that’s sound advice. More on that a few paragraphs down the road.
For 2014, Jake and I are emphasizing ROI, measurement, ties to digital commerce (yes, that’s part of ROI) and I’d like to re-emphasize the value of opinion or point of view. A sustainable stream of dissociated pictures, posts, Tweets, videos and quips may be vital to a content marketing strategy, but as a homogenized flow of meaningless chum its impact on consumers is trivial at best. Aligning your assets around a point of view, stance on an issue of the day (hopefully related to your industry) or opinion goes much further to create stickiness and virality. This is not to suggest digital marketers should create controversy for the sake of getting attention, the point here is that themes and memes that actually stand for something will help a brand or marketers get its point across far better than bland, vanilla-tasting content.
And who should be taking the lead in creating these topical torrents? My sense is that hiring a journalist could have value as your develop your initial editorial workflow and discipline, but in order to develop powerful points of views that echo genuine brand resonance, that voice will need to come from someone on the front line. Someone who has a lot of skin in the game and someone who has touched customers in various settings and someone whose words are more than empty slogans and promises.
I can guarantee your brand has at least one such person. Finding him or her and encouraging them to add their voice to your content marketing efforts might take some convincing, but the end result will be worth it.
Category: digital marketing Tags: content marketing
by Allen Weiner | February 14, 2014 | 1 Comment
With the trumped-up hullabaloo around the golden anniversary of the Beatles performance on the iconic “Ed Sullivan Show,” I have to show my age in a word association game that reflects my topic du jour. When I think of the word “experience,” which is thrown around in digital marketing circles without any regard to meaning or context, I see the image of Jimi Hendrix (with band mates) on the bright yellow album cover for “Are Your Experienced?” While I have always thought I understood Hendrix’s application of term, I am intrigued by what digital marketers mean when they refer to “experiences,” especially as they relate to commerce.
Perhaps millennial and others in desirable target demos delight over layer upon layer of meandering distraction as they click about their favorite online shopping site. At issue would be creating a path that focuses more on edutainment and neglects the injection of transaction opportunities within the experience. Is this a case of consumers wanting to navigate from review to video to rating to product description to purchase contemplation or digital marketers thinking that’s what consumers want? Or, is it a case of digital marketers feeling to need to implement every techno-social trend that passes through their RSS inbox? My days of face-to-face selling gives me pause the recall that you never want to give a customer the time to change his mind which is what led to the time-honored saying: capture the hot lead. While pouring information into the buying journey empowers a customer to make informed decision, I offer the argument that it might be more efficient for digital marketers to avoid overly complex and often trying/annoying…experience. Context and driving a buying journey across channels should be paramount.
My favorite part of shopping on Amazon is the one-click purchase. That feature plays to my limited attention span and the fact that, like many others, I have done my research about a product or service in a totally separate and unrelated part of this transaction. As such, digital marketers must truly broaden their thinking about buying journeys and commerce experiences. These activities are rarely linear; don’t follow any sort of funnel metaphor and result in individual, personalized purchase maps that defy broad categorization. The bottom line states that in their breathless pursuit of creating “commerce experiences,” digital marketers should never lose sight of their endgame: Always Be Selling.
To create powerful, compelling commerce experiences I urge digital marketers to adopt the full range of big data possibilities to ensure you deliver the right experience to the right consumer. I also encourage marketers to follow the lead of The New York Times who just hired a data scientist to turbo-charge its use of big data. Such moves will take you away from thinking less about one-size-fits-all experience peddlers and more of creating a value-added event like a personal tour guide: I want to get from Philadelphia to New York quickly—send me on the turnpike. My friend likes the scenic route; send him along Route 1 where he can enjoy leaf peeping and all the stop lights. I’ll wait for him when I arrive at my destination.
Category: digital marketing Tags:
by Allen Weiner | February 12, 2014 | 1 Comment
Not to sound boastful, but while the Polar Vortex cripples much of the U.S., here in Arizona we’re looking at unseasonably warm temperatures reaching 90 degrees. This only matters as the annual rite of late February approaches—a time when young men who have labored their entire lives to perfect the skills of pitching, hitting, fielding and running head for the desert in hopes of playing in the Major Leagues.
Spring Training 2014: around these parts, we call it the Cactus League.
In addition to new talent and veteran stars, it also is a time when managers—including a crop of new, first-time skippers—come to the desert to evaluate talent, devise plans, assess weakness and strengths and put into place a strategy that may end the year with more wins than losses. Come to think of it, such a scenario might have value for your organization as strengthens its digital commerce business. Do sports imitate success in businesses or is it the other way around?
Certainly a question worth pondering over an evening beverage.
As a baseball fan for more than 50 years, the qualities of successful managers seem perfectly aligned to building and managing a digital commerce team. I’ve seen the best and worst of team leaders and offer a few observations to consider when selecting that right person to take your digital commerce efforts to a profitable, championship level. For those who have seen the film “Moneyball,” (or read the book, for that matter) examine the relationship between team manager, Art Howe, his boss Billy Beane and Beane’s boss, Steve Schott. That’s a great example of how not to build a long-lasting team. On the other hand, consider these attributes for your digital commerce leader:
• Someone who is both a great evaluator of talent and one who brings out the best in his or her team members. This person can look beyond the resume, downplay weaknesses and find hidden strengths that come together with others to build a cohesive unit.
• A leader who is decisive and not afraid to make mistakes and learn from them. Some think of this as Silicon Valley DNA. A potential digital commerce manager who has no past business failures may have his or her first screw-up on your watch.
• Someone who is skilled at surrounding himself or herself with smart advisors. A leader who recognizes his or her weakness and surrounds himself or herself with smart people is likely to be grounded and respected by the team. For example, a digital commerce manager who is strong on IT but not marketing and looks to others for marketing wisdom sets the right tone for his group.
So, there’s a short list to keep on hand as your build your digital commerce team. As the baseball season unfolds, and as the 2014 digital commerce season evolves, there will be many lessons each business can learn from the other. As a marketing executive, don’t shoot for second place; find the manager who is right for your organization and shoot for nothing less than the pennant.
Category: digital marketing Tags:
by Allen Weiner | February 6, 2014 | 2 Comments
It’s been said by some that I have ink in my blood having started my career as a newspaper reporter well before the digital dawn. With that in mind, it makes me sentimental and sad to see print publishers fall behind the digital curve and fumble attempts to be digitally relevant, especially with the explosive interest and opportunity in digital commerce. While some publishers believe native advertising might be a way to renew sagging revenue, adding advertorials (which is what this trend has been called for decades) will never offer the upside of digital commerce in its various forms.
I call to the stand Net-A-Porter, a media company who has shattered the somewhat imaginary line between content and commerce. Founded in 2000, and now part of a Swiss-based mega fashion holding company, Net-A-Porter has become the digital bible for fashionstas who want the latest trends to jump off the screen and delivered to their door. The formula is simple: easy navigation, one-click secure purchases and visually compelling images/descriptions that allow simple, personalized comparison shopping. And, not being one to be in the market for women’s clothing, the customer service features appear to be in the rarefied air breathed by Amazon and the few others in that particular orbit.
Defying the trend that hints at the slow death of print publications, Net-A-Porter is launching a print magazine, “Porter,” featuring Gisele Bundchen on the cover. The magazine will attempt to rival such fashion mag stalwarts as Vogue, Marie Claire and Glamour but with the competitive edge of using the publication as a driver for digital commerce. While, the specific details on how Net-A Porter founder Natalie Massenet and her team hope to pull this off are better served in a future research report, it’s worth pointing out a few key take-aways. These are points that are worthy of consideration by digital marketers and social media platforms such as Pinterest and Twitter in search of ways to add digital commerce to their playbooks.
• Most importantly, Net-A-Porter will offer print customers tools such as the ability scan print ads to offer the same ability to efficiently go from content to commerce
• The Net-A-Porter team knows its customers. Research showed that its average website customer purchased four to five print fashion magazines each month.
• For those who still prefer digital over print, the publishers will offer a digital download of its new publication with all the click-to-buy features built in.
• Prior to launching in print, the publisher did a test run of 10,000 copies to determine the feasibility of a full scale launch.
• Given Net-A-Porter wants to cultivate a new advertising revenue stream rather that cannibalize its digital inventory, the publisher has created a print/digital combo ad buy that offers a bundled discount.
Oh, there’s plenty more to share, so that’s just a teaser. My hope is print publishers are listening and take action before the ink in my blood turns toxic.
Category: digital marketing Tags: digital marketing, Net-A-Porter
by Allen Weiner | February 5, 2014 | 1 Comment
As analysts, it’s our job to continually challenge our own thinking so that predictions and assertions becoming living ideas that are subject to evolution based on marketplace changes and consumer behaviors. I tend to think of my work less as a fortune teller and more of a tour guide explaining changes in the landscape so those traveling with me can avoid pitfalls. As such, I am updating my thinking related to my research on The Zero Moment of Truth (ZMOT), especially in areas that relate to the power of content to drive transactions.
A key element of the ZMOT practice is delivery the right content at the right time via the right experience to a consumer when he or she is in a crucial part of the buying journey. If you follow the time-honored belief that shoppers (especially Millennials) lean on their social graph for a thumbs up or down before completing a transaction, then some interesting news making its way into our inboxes should seriously challenge how marketers should deploy consumer-generated social content as part of the campaigns. Data suggests that only about 28% of the coveted Millennials are either fairly or very likely to make a purchase based on a friend’s social media post and as the demographic gets grey-er, influence from one’s social graph declines even further. Such findings could force Digital marketers to factor in risk-reward as they contemplate their content marketing investments.
That leads me to three key questions to explore as part of our digital commerce coverage:
If social media posts from friends are not significant purchase drivers, what content does drive online shoppers through the non-linear funnel?
If these findings are true, how should digital marketers adjust their thinking about content marketing strategies?
Is less content as part of a marketing strategy better than a flood of Tweets, pictures, videos, blog posts and Facebook chatter? Upworthy, a news curation site which limits the new of stories it publishes, does far better generating Facebook traffic than any of its peers. Is less the new more?
It’s time to take further examine the impact various signals and components, such as content, have within the ZMOT framework. I am excited to share those findings.
Category: digital marketing Uncategorized Tags: digital marketing, Upworthy, ZMOT
by Allen Weiner | February 3, 2014 | 1 Comment
I have this nagging feeling that when marketing strategies are assembled for the Super Bowl, a placard is put on the conference room door that says: “Digital Commerce Mavens, Stay Away. At least that’s the impression I have after the snoozefest that was #SB48. The game was never in doubt, which gave me time to ponder the art and science behind many of the much ballyhooed ads. Overall, I had the impression that such themes as ‘80s revivals, amorous bovines, cars with magical powers and soda pop that makes you feel patriotic, were conceived with little more than a passing thought as to the immediate, direct impact on consumer purchases. You can wax on about the wonders of branding, and I have colleagues who would object to my assertion, but to the best of my knowledge, you can’t eat a Clio Award. Digital commerce speaks to the notion of capturing the hot lead, not hoping that a savvied car buyer recalls a clever ad seen months ago when he or she enters the Thunderdome that is a new car showroom.
I have watched 47 of 48 Super Bowls missing the 1985 49ers victory while my wife and I were sunning ourselves on a beach in Uruguay. Like most sports-oriented couch potatoes, I have my Super Bowl favorites (which generally involve the Budweiser Clydesdales) but can’t think of an ad that led me to click, call or race to the store to buy what I just saw on screen. In an age where ACR technology in conjunction with second screen apps makes pretty much any sort of fast-twitch buying experience possible, I believe the 2014 Big Game was light on the “cool beans” meter.
A few examples:
• I am a fan of Shazam, but unless you have your finger on the app prior to the 30-second spot, much like a game show contestant, your ability to claim you on-screen reward requires the prowess of a Madden Football geek. I did find out, via a delayed Tweet, that Shazam offers a post-ad method to score the download, coupon or content entry. That said, digital commerce interaction should be simple to be effective.
• I am also a believer in commerce enabler Delivery Agent’s power to facilitate second-screen digital commerce with many successful projects with various shows such as “Sons of Anarchy.” I do question the wisdom of the H&M, Samsung interactive ad featuring David Beckham in his skivvies. The interactive features were only available to those who have a Samsung Smart TV, leaving the millions of us with relatively dumber TVs out of the fun. If digital commerce goes down the multiple ecosystem path, the net result will be a Tower of Babel effect and total chaos.
• Lastly, I had high hopes when Fox announced you could watch the game on your mobile device by downloading Fox Sports Go. Imaging a slick, perhaps interactive, digital-commerce rich experience, I hit the download button in the iTunes Store only to find my TV service provider was not among those who supported Fox Sports Go. The wisdom of offering such a second-screen utility to only a portion of the addressable market is a shining example of the ready, fire, aim approach to digital marketing.
In keeping with the brief yet memorable #sb48 spot which featured U2, I put forth the words from the band’s hit, “One,” which capture my frustration with the digital commerce efforts during the Big Game:
Is it getting better
Or do you feel the same
Will it make it easier on you now
You got someone to blame
And who is to blame? If you are a digital marketer pointing to someone else, think twice—it may be you.
Category: digital marketing Uncategorized Tags: digital marketing, SB48, sbads
by Allen Weiner | December 5, 2013 | Comments Off
The “60 Minutes” love letter to Amazon, which took the form of a 14-minute segment that amounted to an infomercial regaling the wonders of the Seattle-based “everything store,” has resulted in more drone –related social media humor than could be assembled by a gathering of every staff writer who has worked for “SNL” since its inspection. “Amazon Prime Air,” the third most searched term on Google several days after airing, will be remembered as digital commerce’s “jump the shark” moment when Jeff B morphed into Mr. Wizard when he lured a gaga Charlie Rose into what looked like Wayne Enterprise’s secret lab where he went eyeball to eyeball with the cyber-retailer’s flying delivery boy.
And so chatter re all things next-day, overnight and same-day delivery has become the talk of digital marketers and industry pundits—not to mention a socially connected world in which everyone is the reincarnation of Henny Yougman. The timing of discussions related to the merits and business models aligned to various delivery thresholds is particularly noteworthy in the wake of a billion-dollar baby called Cyber Monday the latest Red Letter Day for digitally driven, mobile-enhanced commerce.
Delivery elasticity is a mirror with two sides. As a former retailer, I learned the hard way that the costs you never expect or plan for are the ones that bite you in the butt. In keeping with the holiday shopping season, I can speak from experience that it’s generally a great time for retailers, even those who are rank amateurs (referring to myself). At first I was happy to take special orders for products not in my store that required extra sourcing and quick ordering, but soon came to realize such transactions produced low margins given that providing exceptional customer service included me eating the cost of express delivery. The topic of megaretailers moving toward fast-twitch delivery is no doubt giving small business merchants a case of Excedrin headache 2014 if they retain any hope of being competitive.
Being successful in finding the right delivery paradigm for your product or service will require multi-dimensional thinking. Digital marketers, no doubt will need to work side by side with their IT counterparts to strategically implement advanced logistics systems such as Descartes, which can match transaction requests to appropriate local inventory warehouses. Marketers must think in parallel about their customer base and bottom line. Is my product something a customer needs the same day or is offering that extra service little more than retail grandstanding? Perhaps the need to offer expedited delivery is seasonal which is that’s why eBay and Google are waiving their customary service charge for same-day delivery during the holiday season. Common sense dictates that perishables need to be sent on their way pronto while a customer should expect to wait a few days for a handcrafted work of art. Along those lines, unless you are a retailer the size of Wal-Mart, Target or Amazon, it’s a slippery slope to offer ultra-expedited or same-day delivery at a loss assuming the lifetime value of that buyer will make up for the upfront red ink. A digital commerce world filled with comparison shopping, price alerts, social network cues and flash sales is not conducive to long-term loyalty.
While most digital marketers are still buzzing about Amazon’s army of identifiable flying objects, I point to something else Bezos said when asked by Charlie Rose about his company’s ability to disrupt many markets in which it becomes dominant. “People can complain about (us being a disruptor), but complaining is not a strategy.” I agree—complaining is not a strategy but either is being fixated on your competitor’s blue sky whims. Going beyond the hyperbole of Amazon’s homage to George Jetson, the big takeaway from Bezos’ newsmagazine segment is the persistent recitation of his company’s mantra—“it starts with us being customer centric.” Those are words for every digital marketer to live by and that’s a motto that should be expressly delivered to your constituents for the holiday season and beyond.
If you missed the “60 Minutes” interview featuring that magnificent man and his flying machine, go here and see for yourself.
Category: digital marketing Uncategorized Tags: digital marketing
by Allen Weiner | November 24, 2013 | 1 Comment
Let me say this about Cyber Monday—I just don’t get it. To me, it feels like one of those made-up days of distinction the greeting card companies come up with like Secretary’s Day or Boss’s Day (oops, that really is a great idea) or, even more in the category of such faux notoriety as National Catfish Month (August) or National Hot Dog Day (July 23rd) which is the joint brainchild of a lobbying group and an overzealous PR firm. The way I see it, the celebration of and use of digital channels for commerce should be unbounded and made a part of every campaign. It would be ill-advised for digital marketers to take the Black Friday shopping “circle the calendar” bait and proclaim Monday, Dec. 2 the day to let your fingers do the walking through the vast array of online deals.
The term “Cyber Monday” was coined by Shop.org in 2005, a time during which consumers often had better bandwidth in the workplace than at home. It referred to Thanksgiving celebrants’ first day back at work after a holiday weekend which included a first round of exposure to retail sales and shopping, primarily at malls and megastores. Now delivering more than one billion in revenue, Cyber Monday has become a Kodak Moment for digital commerce. Time to wave the checkered flag and pop the virtual Cristal? I say, not so fast.
Let me pose two (of perhaps many) considerations regarding Cyber Monday that prove it’s both an anachronistic concept that has evolved to become confusing to consumers and challenging to digital marketers. Let’s put aside the issue of using work time the day after Thanksgiving weekend to surf, click and buy; the U.S. Department of Commerce reports a tick over 72% of U.S. households have high-speed internet service, so glomming on to the boss’ network no longer is necessary to enjoy a robust online commerce experience. I begin my case by looking smack in the eye of this year’s abbreviated holiday shopping storm. On the hunt for a snazzy ultrabook,I find a barrage of disconnected marketing messages that concurrently suggest I purchase it on Black Friday. No, shop earlier and save on Black Turkey Day. Wait, says one electronics retailer in an urgent email (I have a frequent buyer card)—we are moving our specials up so you can buy today at the same price, either online or in store. And then the pure-play retailer (you know who) urges me (again via email) to sit back and wait until the weekend craziness has ended and buy it on December 2… and here’s a coupon for free shipping and a custom sleeve for your new purchase. Seems this pure-player knows all of my past purchases and has been following me online via tracking cookie (or some other such method) and has ascertained the obvious– I am shopping for an ultrabook.
These inbound noises of buy here, buy now, buy later, buy online, buy in-store results in something I studied in graduate school—cognitive dissonance. Cognitive Dissonance, which I studied as it relates to kids watching too much violence on TV, is discomfort experienced when simultaneously holding two or more conflicting cognitions: ideas, beliefs, values or emotional reactions (so says Wikipedia). In its most simplistic terms, it is the feeling you get when you are on vacation, walk through a foreign bazaar and each eager merchant tries to lure you into his stall by offering you a better deal than his neighbor. The net result, for many, is to run back to the hotel and lock the door.
My second point is fairly obvious, and highlights pretty much all of our Gartner for Marketing Leaders research to date. That is, a strategy that forces marketers to think in silos will crash and burn. What I see, at least so far in 2013, are disconnected efforts in traditional print, TV and radio channels competing with, rather than acting in concert with, well considered, targeted email, social and content marketing practices. Marketing efforts scattered across the digital and physical landscape focused on one day, or even a select series of days, is out of synch with current best practices and an inefficient use of resources. I am willing to give digital marketers and their colleagues who work in companion channels the benefit of the doubt; multichannel marketing, content marketing, social marketing, etc.. are newer concepts which require time and finesse to implement in cadence with other more traditional methods. Once the early noise for 2013 has died down, there is every hope we may see some flashes of cross-channel marketing brilliance step forward. It will be worth watching.
Category: digital marketing Tags: digital marketing, ultrabooks