The new rules for the new economy can be summarized as:
Where ever attention flows, money will follow.
Almost anything else except attention can be manufactured as a commodity. Luxury goods are only luxuries temporarily. They quickly are counterfeited and commodified. Premium brands are only premium because they garner a surplus of attention.
Maintain an incoming flow of attention and money will follow.
Read the full article from Kevin Kelly's Blog
Labels: attention, behaviour, branding, consumer influencer
Posted by Nick HaC @ 6:48 PM
This story does a good job of pointing out how Legal Prosecuters can trash anyone's reputation just by filing suit.
With increased social media intensity, blogs, and other new media forms this threat is even worse than it was a few years ago.
It is interesting how bloggers, combined with Google Rank, can trash someone on the Internet without the slandered having any recourse.
Call us to find out more :)
Labels: behaviour, communities, consumer, conversations, online blog monitoring, online reputation monitoring, reputation management, reputation monitoring, sydney media monitoring
Posted by Nick HaC @ 1:09 AM
Our friends at PearlPR just sent us this info on Worldwide Search Statistics for August 2007
Some interesting results
- 61 billion internet searches carried out around the world in August
- Google managed 37 billion internet searches were made with Google during the month, accounting for 60% of the total,
- 750 million people aged 15 or over, or 95% of the world's internet audience made searches in August, averaging out at 80 searches per user.
- The Asia-Pacific region made the most searches at 20.3 billion
- Europe made 18 billion searches
- North America made 16 billion searches
- Latin America made 4.7 billion searches
- Out of Google's 31 billion searches, five billion occurred through Google-owned YouTube.com
- Chinese language search site Baidu.com was the third most popular search engine with 3.2 billion searches or 5.3% of the worldwide total.
- Microsoft sites accounted for 3.5% of worldwide searches at 2.1 billion.
Labels: behaviour, consumer, demographics, search, seo, statistics
Posted by Nick HaC @ 12:40 AM
The web is a sea of conversations navigated by search. We have talked alot about search in our blog but what about conversations?
If you havn't read The ClueTrain Manifesto, then you will enjoy the following
- Markets are conversations.
- Markets consist of human beings, not demographic sectors.
- Conversations among human beings sound human. They are conducted in a human voice.
- Whether delivering information, opinions, perspectives, dissenting arguments or humorous asides, the human voice is typically open, natural, uncontrived.
- People recognize each other as such from the sound of this voice.
- The Internet is enabling conversations among human beings that were simply not possible in the era of mass media.
Read the Full Book Online for Free
A powerful global conversation has begun. Through the Internet, people are discovering and inventing new ways to share relevant knowledge with blinding speed. As a direct result, markets are getting smarter—and getting smarter faster than most companies.
These markets are conversations. Their members communicate in language that is natural, open, honest, direct, funny and often shocking. Whether explaining or complaining, joking or serious, the human voice is unmistakably genuine. It can't be faked.
Most corporations, on the other hand, only know how to talk in the soothing, humorless monotone of the mission statement, marketing brochure, and your-call-is-important-to-us busy signal. Same old tone, same old lies. No wonder networked markets have no respect for companies unable or unwilling to speak as they do.
But learning to speak in a human voice is not some trick, nor will corporations convince us they are human with lip service about "listening to customers." They will only sound human when they empower real human beings to speak on their behalf.
While many such people already work for companies today, most companies ignore their ability to deliver genuine knowledge, opting instead to crank out sterile happytalk that insults the intelligence of markets literally too smart to buy it.
However, employees are getting hyperlinked even as markets are. Companies need to listen carefully to both. Mostly, they need to get out of the way so intranetworked employees can converse directly with internetworked markets.
Corporate firewalls have kept smart employees in and smart markets out. It's going to cause real pain to tear those walls down. But the result will be a new kind of conversation. And it will be the most exciting conversation business has ever engaged in....
Labels: behaviour, communities, consumer, conversations, Ideas
Posted by Nick HaC @ 5:32 AM
Apparently sprinters reach their highest speed right out of the blocks, and spend the rest of the race slowing down. The winners slow down the least. Its that way in most new business too.
The earliest phase is usually the most productive.
The striking thing about this phase is that its often completely different from what people think "business" looks like. When you think business you think suits, offices, boardrooms, reports. However most successful businesses are the opposite of this, and whats more they are probably the most productive part of the whole economy.
Why the disconnect? I think there's a principle at work here: the less energy people spend on performance, the more they spend on appearance to compensate.
Whats worse is that the energy people spend on seeming impressive, actually makes their performance worse!
Suits, for example, don't help people think better. I bet most executives at big companies do their best thinking when they wake up on Sunday morning and are making coffee in a bathrobe (or in the shower or reading a bedtime story to their kids). That's when you have really big ideas! Just imagine what a company would be like if people could think that well at work all the time.
I don't have a proposal for how to achieve this in the real world, but it did seem interesting to pry this topic open.
Sometimes i think professionalism is a dieing fad from the 1970's. Today we want authentic, genuine products, partners, clients, suppliers and friends. Real people who do real work. No longer does the bland, fake "take a number and get in line" sterility of professionalism cut it for the informed, seasoned, advertising-hardened consumer.
What do you think, leave a comment on the blog...
Disclaimer: Thanks to Jessica Livingstone and Paul Graham for Inspiration
Labels: advertising, behaviour, communities, consumer, internet, Marketing
Posted by Nick HaC @ 3:35 AM
Every new project (or job, or hobby or company) starts out exciting or fun. Then it gets harder and less fun, until it hits a low point: really hard and not much fun at all.
And the you find yourself asking if the goal is really worth the hassle.
Maybe you're in a Dip - a temporary setback that you will overcome if you keep pushing.
But maybe its really a Cul-de-sac, which will never get better no matter how hard you try.
What really sets superstars apart from everyone else is the ability to escape dead ends quickly whilst staying focused and motivated when it really counts.
Winners quit fast, quit often and quite without guilt - until they commit to beating the right dip for the right reasons. In fact, winners seek out the Dip. They realise that the bigger the barrier, the bigger the reward for getting past it.
Losers, on the other hand, fall into two basic traps. Either they fail to stick out the Dip - they get to the moment of truth and then give up - or they never find the right Dip to conquer.
Whether you;re a graphic design, a sales rep, an athlete or an aspiring CEO, this fun little book will help you figure out if you;re in a dip thats worthy of your time, effort and talents. If you are, The Dip will inspire you to hang tough. If not, it will help you find the courage to quit 0 so you can be number one at something else.
The Dip - http://sethgodin.typepad.com/the_dip/
Labels: behaviour, communities, Ideas, Marketing, Startups, web 2.0
Posted by Nick HaC @ 9:55 PM
This weekend is OZIA 2007, the Premiere Annual Information architecture and Usability Forum in sydney
Here are the list of Topics/Speakers
- Matthew Hodgson - Semantic analysis in IA
- Scott Parsons - Exploring multidimensional tagging frameworks
- Donna Maurer - Ethical issues and information architecture
- James Breeze - Open your mind - map it!
- James Matheson - Information Architecture of Wikis
- Hurol Inan - Landing Page Optimisation
- Patrick Kennedy - "There's no I in team" – a case study in collaborative information architecture
- David Sless - ROI in Information Design: where IA figures in ID
- Faruk Avdi - Rise to Play a Greater Part – Delivering Specs in the Bigger Picture
- Steve Baty - Analysing Quantitative Data
- Iain Barker - Is length still an issue?
- Stephen Collins - Love in an elevator - selling the value of IA to business
- Gary Bunker - User Research in virtual worlds
- Elizabeth Pek - Designing sites people love - balancing emotion with business reality
- Sharon Varley - Get out your pinking shears, it’s time to cut a few patterns
- Rashmi Sinha - Fast, cheap & somewhat in control - 10 lessons from the design of SlideShare
Labels: behaviour, communities, IA, Ideas, Usability
Posted by Nick HaC @ 8:49 PM
Here is the latest Video from our WebTV Show - Get Shifted! TV
Labels: behaviour, communities, consumer, design, Ideas, Marketing
Posted by Nick HaC @ 1:03 AM
Great Article in AdAge, Below...
Don't Convince Us Your Brand's Better that it is If It Isn't
Be True: So Your Product Isn't Inherently the Winning Choice? Thats ok, Just Tell an Honest , genuine Story.
Balanced diet
If you practice what I call a brand-balanced diet, the following criteria will sound familiar:
- Your brand story is consistent and can be measured against consumer-resonant benefits.
- Your brand teaches rather than preaches.
- You enable your consumers to have choices and are sympathetic to "studied cheating."
- You invite your consumers to be part of your brand through ongoing dialog.
http://adage.com/cmostrategy/article.php?article_id=120028
Labels: advertising, behaviour, branding, consumer, Marketing
Posted by Nick HaC @ 9:52 PM
It seems today we have become so risk averse and so keen to play it safe that we are missing out.
Creating new and wonderful things requires us to be prepared to fail. Our social and business structures don't reward risky experimentation, thereby re-enforcing a culture of mediocrity.
"There was once a time, when people did bold things to open new frontiers, we have collectively forgotten that lesson.
Now we are at a time when boldness is required to move forward."
- Bill Stone
Here's a Job advertisement for Shackleton's 1914 Antarctic Journey: how things have changed...
"Men Wanted
For hazardous journey
Small wages, bitter cold
Long months of complete darkness
Constant danger
Safe return doubtful
Honor and recognitions in case of success"
Ernst Shackleton 1914
What are you doing that is bold?
Labels: behaviour, communities, Ideas, technology
Posted by Nick HaC @ 12:13 AM
You have heard of outsourcing? But what about crowdsourcing?
Instead of traditionally outsourcing work to agencies, new economy businesses are leverging a new paradigm of creative resource - the consumer.
Its a really exciting trend where more and more businesses are harnessing the power of the internet combined with the talent of the skilled / empowered / passionate consumers.
Examples:
- Looking for a new corporate logo? Hire a corporate branding agency OR run a internet "submit your logo" viral/interactive campaign with user voting capabilities to find your new brand. (London 2010 Olympics logo cost GBP400k, and it is quite frankly... shite)
- Hire Saatchi to make a 1 million dollar tv advertisement OR create a youtube submit you own video to win 50k viral campaign.
- Hire a professional photographer to make images for your marketing material OR use iStockPhoto.com and leverage the leagues of kids with cameras to capture that unique look for your business.
- Hire a market research firm to find out how people like your product, OR create an online viral poll/survey with incentives for participants and get real/honest consumer insight
- Spend billions on government paid scientific research, OR create million dollar prizes for scientists who create solutions to specificed problems (see Aubrey de Gray's Life Extension project)
--------
Warning, shamless self-promotion
At Shifted Pixels, we create campaigns that leverage the wisdom of the masses for our clients. If your interested, contact us for a quick chat.
Labels: behaviour, communities, consumer, Ideas, social networking, web 2.0, websites
Posted by Nick HaC @ 6:08 AM
It's estimated that up to 50 percent of visitors to landing pages will bail in the first eight seconds.And while that amount of time can feel like an eternity to a bull rider in the rodeo, it's a mere blink of an eye to an email marketer hoping for strong conversions and a positive return-on-investment.
Online marketers spend countless hours and untold millions trying to make recipients click on a link leading to a landing page. But delivering only clicks is short-changing the company. Marketers need to convert prospects to customers; clicks need to result in purchases. with online marketing, the bridge between the click and the credit card is generally a landing page.
As online competition intensifies, greater efforts are being placed on maximizing revenues from each and every opportunity. And few opportunities are as rich with possibilities as when an email recipient clicks a link within a message and comes knocking at your online door.
A MarketingSherpa reader survey found that average landing page conversion rates for email campaigns ranged from 5.67 percent to 11 .31 percent for free offers, and from 5.67 percent to 7.63 percent for e-commerce campaigns.If your conversion rates are running near the bottom or below those ranges, consider making changes to your landing page program. A new evaluation by Silverpop of landing pages from 50 companies finds that placing a little more effort on nurturing recipients once they hit those landing pages would be time and money well spent. This report, evaluating landing pages from companies throughout North America and the United Kingdom, can serve as a valuable guide.
Key Findings
Landing pages that pass the eight-second test successfully feature a number of important attributes. Unfortunately, many of those reviewed in this study failed to grab the attention of customers and prospects, leading them down a clear path to conversion. Silverpop found that:
- Successful landing pages grab attention quickly by matching the promotional copy in the email's call-to-action that yielded the click. Yet 45 percent of the landing pages evaluated failed to repeat the email's promotional copy in the headline.
- Catapulting a clicker to a Web site's home page generally fails to deliver on the promise inherent in the email's call-to-action. Yet 7 percent of email campaigns dumped recipients there.
- Recipients can be taken aback when they click on a link and end up on a landing page without the same look and feel as the email that captured their attention. But three out of 0 marketers risked confusing customers and prospects by sending them to landing pages not matching the email.
- Asking too many questions can lead prospective customers to become wary and frustrated enough that they abandon the process. Nevertheless, 45 percent of landing pages that included forms required more than 0 fields to be completed.
- While the presence of a navigation bar on a landing page can be a distraction that pulls visitors away from the primary conversion goal, nearly seven out of 0 landing pages included them.
- Professional writers know it's a lot harder to write short copy than long. Apparently some marketers are taking the easy way out, since 25 percent of the landing pages reviewed by Silverpop required scrolling through more than two screens of text.
Labels: advertising, behaviour, Email, Marketing, online, websites
Posted by Nick HaC @ 6:13 PM
We have seen an explosion of consumer choice, a new level of scarcity of consumer attention, the growth of abundance of options and masses and masses of online consumer review and comparison sites.
Under 30's have grown up with advertising, and are fully aware of the processes that corporate marketers use to sell them products.
Are there are more products than consumers need? Just go to the supermarket, you have 20 types of peanut butter, 200 types of cheese and 80 types of toothbrushes.
Want to but a tshirt online? Which one of the 10 million sites do you choose?
We could speculate that consumers and businesses make more choices based on social recommendation than advertisements.
We could also speculate that are seeing the end of the media-industrial era, and the rebirth of the pre-industrial era consumer run Market Place (this time with global, realtime efficiencies).
This new era is the market place of the people for the people. Of course there will still be a strong need for insustrial processes, but these will become commoditised as platforms, just like electricity and the railroads have become.
If you are selling a product, a service or an idea... spreading your brand will soon strongly rely on person to person social reccomendation.
But with so many products and features on offer, how do you get noticed? Instead of selling based on pure functionality, as a coat functionally keeps you warm, the new market is about style! So what defines style or fashion, social influence and reccomendation?
The drivers of social reccomendation are the early adopters, the merchants of cool. Those who take early risks and by breaking the norm send waves through the social landscape. Sometimes they succeed, and sometime they miss the mark. Aside from the risks of this space, this is the source of new social influence and trends. And this space must be recognised.
Dont think this only applies to consumer goods, business to business services and products follow the same rules. Business communities and social networks are potentially even closer, tighter and more intimate than those of the consumer social community. Is it possible that the tightness of the business community creates an even stronger desire to use the hip process or service or business practice?
The rules of consumer influenced have changed. Has your businsess shifted?
Labels: advertising, behaviour, branding, communities, consumer, design, internet, Marketing, online, pr, reputation, social networking, technology, viral, web 2.0
Posted by Nick HaC @ 5:46 AM
Seth Godin talks at Gel 2006, a very funny look at how stuff is broken.
Labels: advertising, behaviour, consumer, design, Fun, Ideas, Marketing
Posted by Nick HaC @ 10:32 PM
The Cluetrain Manifesto is a set of 95 theses organised and put forward as a manifesto, or call to action, for all businesses operating within what is suggested to be a newly-connected marketplace.
The ideas put forward within the manifesto aim to examine the impact of the Internet on both markets (consumers) and organisations.
- Markets are conversations.
- Markets consist of human beings, not demographic sectors.
- Conversations among human beings sound human. They are conducted in a human voice.
- Whether delivering information, opinions, perspectives, dissenting arguments or humorous asides, the human voice is typically open, natural, uncontrived.
- People recognize each other as such from the sound of this voice.
- The Internet is enabling conversations among human beings that were simply not possible in the era of mass media.
Labels: behaviour, communities, consumer, internet
Posted by Nick HaC @ 7:59 AM
Anyone who has followed consumer electronics and online services knows that once a product reaches dominance, it becomes very hard for it to be dethroned (hello, iPod, Google, and Windows). Economists have argued for years regarding the costs involved in finding and adopting alternatives, but the psychologists will point out that familiarity and comfort play major roles in keeping consumers loyal to an incumbent. Research that appears in the Journal of Consumer Research delves into how these factors, collectively termed "Cognitive Lock-in," develop and play out.
The authors of the study point out that previous research has shown that cognitive lock-in is not just an abstract concern, but one comes with real-world costs: "the costs associated with thinking about and using a particular product decrease as a function of the amount of experience a consumer has with it. Thus, repeated consumption or use of an incumbent product results in a (cognitive) switching cost that increases the probability that a consumer will continue to choose the incumbent over competing alternatives." This suggests that, even if a product isn't especially easy to use, familiarity with it may overcome that drawback as, ultimately, its users don't have to think about their actions in order to get things done anymore.
Posted by Nick HaC @ 5:39 AM
1. Trigger Emotions
Be it a controversial opinion, idea or a breakthrough, your viral campaign must trigger the emotions of the viewer. The emotion could be positive, negative. Whatever the emotion may be the trigger must be strong enough for the viewer to act upon.
2. Sharing is caring
The whole reason why a campaign is viral, is because the news is spread by users. Your campaign is so great that they immediately want to share it with friends and pass the message on. Therefore the facilities must be there for them to easily share with friends. Wiliam recommends the following sharing capabilities with viral marketing:- Tell a friend features, allows you to easily forward the viral campaign to friend’s emails- The ability to easily download your viral marketing campaign- The ability for others to embed your video, audio or image - Broadcast you campaign to Web 2.0 websites like digg and YouTube- Allow people the ability to easily bookmark and store your viral campaign, have facilities such a del.icio.us, furl and RSS web feeds available.
3. Connecting all the way
An effective viral marketing campaign allow excited users to connect with the event. Make sure users who want to participate and voice their opinions get the opportunity their deserve, the ability to comment. You have already captured their attention why not make the most of it and allow them to participate further.
It has always been a matter of opinion to moderate comments all not. It’s important to keep and objective view, don’t be afraid to allow both positive and negative comments.
4. Access, Access and Access
The easy it is to gain access to your viral marketing campaign the more effective the results will become. Never require users to register, signup or do anything before they can view your campaign. The attention span of your audience is already short, you don’t want to waste the opportunity of getting you message through by losing people through churn.
5. Advertisements is boring
No-one is interested in watching ads, the best viral campaigns have a story and idea behind it. Nobody wants to read, watch or listen to someone brag about their product. Some of the best campaigns are a story and the product can be easily substituted with any product.So there you have it, the top 5 ways of improving the effectiveness of you viral campaign. Make sure if you ever want to spend lots of money on marketing ventures you consider the possibilities of a much wiser viral marketing campaign.
If you would like more information on viral marketing, Shifted Pixels has extensive experience in designing, creating and producing successful viral marketing campaigns. Please contact us at sales@shiftedpixels.com.au .
Labels: behaviour, communities, Marketing, social networking, video
Posted by Nick HaC @ 7:28 PM
