So what’s expected to happen in 2013?
Brazil has the FIFA Confederations Cup in preparation for the ’14 World Cup, the US has a fiscal cliff to climb and together with the EU an imbalance on revenues and expenses to address. The NFL has some skulls to crack to fix their concussions problems, those employed in the US will hire the unemployed in foreign lands (read more outsourcing), more foreigners will purchase US land, buildings, businesses and IP, and of course, VP Biden is the newly assigned czar on gun control.
IMHO, 2013 will follow Amara’s Law: “We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.”
So here they are: The top 10 digital marketing trends of 2013.
10. Gamification – “All Play and no Work makes Jack a rich boy!”
9. Cloud computing enables scalability to allow for new experiences in video games
8. Digital Content across devices enables personalization that follows users across platforms
7. TV is old. It’s still king of the screens, but it’s content that folks want anytime, anywhere on all four screens.
6. The Smartphone begins its attack on plastic in mobile payments.
5. Tag Management becomes a competitive imperative
4. Users prefer mobile devices when reading magazines and shopping
3. Social Media Mainstream and Niches continue to grow, especially in Emerging Markets except China
2. Big Data will lead to consumer insights and smarter experiences at the speed of light
1. The glory goes to the man in the arena and not their bankers and consultants.
10. Gamification – “All Play and no Work makes Jack a rich boy!”
So have you seen websites that try to encourage your behavior by offering you a little badge for doing something? Foursquare gives you a badge when you check into the same place three times for example. Dashlane offers badges when you save passwords in their password and credit card maintenance software, and Fitocracy makes working out with your friends a competitive game. Users can Level Up by improving their bench press and earning a badge, post it to facebook and let the world know about their development.
As Daniel Pink will tell you in his book, Drive, human nature is best motivated by a sense of purpose, autonomy and self-mastery. These types of immediate rewards for accomplishing small tasks might seem like it’s meant for grade school kids, but the data doesn’t lie. Gamification increases engagement, helps users spend more time on site, and
that drives ad revenue and subscriptions since folks tend to develop a sense of being invested based on the recognition and the bragging they’ve done on social networks.
We’ve come a long way from that LinkedIn profile bar that showed 90%complete.
On October 24, 2012, Lima Consulting Group (LCG), an international digital marketing firm based in Malvern, was named to the prestigious Philadelphia 100 list.
The Philadelphia 100 has been the hallmark of entrepreneurial achievement in the greater Philadelphia region since 1988. The project, which is run by the Wharton Small Business Development Center, The Entrepreneurs’ Forum of Greater Philadelphia, and the Philadelphia Business Journal, identifies and honors the 100 fastest growing, privately held entrepreneurial companies in the Greater Philadelphia Region.
This award further cements LCG’s reputation as one of the world’s premier digital marketers, a position which has allowed them to become a reliable and effective partner for global media companies, e-commerce businesses, financial firms, and other organizations that want to use advanced, integrated, data-driven digital marketing strategies to achieve the greatest profitability at the lowest cost.
ExactTarget, a partner with Lima Consulting Group, describes a series of divergent personas that online consumers represent.
Accurate communication is key when interacting with customers. to make this connection, you must know your consumer; personalities, preferences, and most importantly, the online role the consumer is most identified with.
Below are a number of the more distinguishable profiles and online tendencies:
Family & Friends – Focused on family and close friend relationships—they’re not particularly interested in developing new online relationships.
Shopper – Shopping is the focus while online—but this isn’t limited to online transactions. Much of their time is spent researching future purchases. Think quality over savings with these consumers.
Companies undertand the importance of refining their CRT (click-through rates). This is because as the rates are improved with higher ranked keywords, the companies’ income can also greatly improve. Essentially, to determine the CTR, ‘number of visits’ is divided by ‘number of searches.’
In previous research, summarised by Chris Soames, an analysis of CRTs from Optify showed the importance of Page 1 and, in particular the top 3 positions.
This curve can be utilized when employing search engine optimization as each position demonstrates the divergence in capacity.
Below are comparisons of Google click-through rates by position.
Interview with: Josh Manion, CEO and Founder of Ensighten
Ensighten is a partner of Lima Consulting Group and is the tag management software that we use to manage digital marketing services like web analytics, ad networks, content optimization, social sharing, conversion pixels and voice of consumer on customer websites.
Q: What made you start Ensighten?
I started Stratigent, a web analytics consulting firm, in 2002 to work with big brands with very complex tagging requirements. So I experienced the pain of managing tags first hand. We tried a couple of the tag management products on the market at that time, but their container tag approach didn’t scale well for enterprises and didn’t support all enterprise tagging use cases, like complex web analytics data collection and site content personalization. In 2009, I decided to solve the problem myself with a fundamentally different approach. The objective was to reduce, or in many cases eliminate, the need for IT / developer involvement in tagging while not limiting the functionality of any marketing service.
I had four key design requirements for the system we built which became the foundation of Ensighten: it has to deploy in a single line of code, support any tagging use case or vendor without custom development by either party, support any device, and accelerate page load in the process.
Q: What is different about your tag management solution than others?
Responsys announced a lot of innovations last week at their annual conference.
The platform Responsys allows marketers to reduce their reliance on paid media by focusing on new school relationship marketing channels. It’s amazing to me how much companies spend to acquire traffic. About 95% of the budgets in the digital marketing space are spent on paid advertising. Yet every business consultant knows that you can gain a bigger lift in revenue by increasing folks already in your pipeline than by going out and acquiring new prospects at the mouth of the funnel.
And Responsys has case study after case study of folks that have done just that.
Southwest Airlines for example established a corporate wide focus on cross channel communications. They launched campaigns via email, text and retargeted advertising. Retargeted advertising
Retargeting is an online advertising technique that focuses only on people who have already visited your site. Anyone who has visited your website will receive a small identifier on their computer (called a cookie). When the user visits any website that has advertising on it, and where your ad has been placed on the major networks, then your ad will appear to those users. It generally costs less than most advertising models and generally outperforms other advertising tactics. Here are a few examples of the creative that went out via their platform.
And the results speak for themselves.
Southwest Airlines has over 10 million email subscribers, 1.7 million Facebook fans, and 1.2 million followers on Twitter, and tens of thousands mobile subscribers.
“Our number one transaction days used to be when we dropped a TV and radio spot. Now our number one transaction days are when we execute an email campaign coupled with a mobile and social campaign through Responsys.”
–Director of Marketing, Southwest Airlines
Companies are learning how to use cross-channel communications to increase engagement and have more meaningful dialogue with their customers. We think this is a good thing, both for companies that are prepared to stomach the good and the bad that comes along with the raw conversations that will happen once they open these channels, and for the customers that they serve.
Organizations prepared to stomach this type of change need to be sincere in their approach, be willing to have conversations in public view, and provide value beyond “brochure-ware.”
The world’s largest social media network only made $3.1 billion last year, with an income of about $1 billion – so that’s a valuation that is 100 times larger than its income. And Facebook has 800+ million users, meanings its actual income is about $1.25 per user. But at the current valuation, the average user value is $125.
When thinking about the value of a user, it makes sense to look at media giants, like Disney, or CBS. After all, television is still king. For instance, did you know that the average CPM for national television shows is about $15 – $30 per thousand? A TV commercial usually costs $150,000 to $300,000 per 30 seconds for national programs. The most successful prime-time TV shows have a rating of 11.0, meaning they reach about 11% of all households in America (there are approximately 102 million households).
For the sake of argument, let’s assume that everyone in the US watches TV – that’s about 307 million folks. Let’s take a look at the major networks: Combined, Fox, NBC, ABC, CW and CBS took in approximately $21.7 billion in 2010 – a 5.3% increase over 2009, when they captured about $20.6 billion in ad revenue, according to ad-spending tracker Kantar Media.
So, the major players in the US market for television advertising took in $21.7 billion in revenue in 2010 (that’s the most recent number I could find using a quick Google search, but let’s face it, we know it didn’t grow more than a few percentage points at best in 2011). That values each user of the television industry (which, again, is all of us) at about $70.00. Does one website like Facebook really deserve more valuation than the entire TV industry? We don’t think so.
- Adobe will buy Responsys
- 8 Ways Lima Consulting Group welcomes our new team members
- The Marketing Model Continuum
- 10 Digital Marketing Trends for 2013
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