Newspapers and Traditional Media Still Produce Most News

Posted on January 11th, 2010 in Business, Social Media | Comments Off

We in the online world take every opportunity to turn our nose up at traditional media like newspapers because they are so 1900’s. Just take a look over the past year of posts that I have done and I at times can lead that charge. For the record, I do not relish in the fact that newspapers are going by the way side in many ways. I see that they are and it’s hard not to notice. It’s not the idea of newspapers in general that is the trouble, it’s their slow adoption of the online space and the price they are paying that is most difficult to watch. Put simply I would hate to see newspapers “go away”. It’s not likely that there will be no newspapers someday but it is likely that the consolidation and attrition in the industry will continue. Many in the online space so “So what?! Goodbye and good riddance!” I don’t. The reason I don’t has nothing to do with the nostalgia of newspapers. If I never got ink on my hands again from flipping the pages I would survive. What does scare me, however, is just how the news is actually uncovered and then reported if there was not the front line of the traditional media. A recent study in the Baltimore metro area showed that while there is significantly fewer traditional media outlets in the area the remaining ones are still responsible for the reporting of 95% of the “first run” news. The New York Times reports : Looking at six major story lines that developed over one week last July, 83 percent of the reports in local news media “were essentially repetitive, conveying no new information,” said the study, by the Project for Excellence in Journalism, an arm of the Pew Research Center. Despite diminished resources of established news organizations, “of the stories that did contain new information, nearly all, 95 percent, came from old media — most of them newspapers,” it said. “These stories then tended to set the narrative agenda for most other media outlets.” 95%? That’s a little scary if you are trumpeting the end of the newspaper medium. From an advertisers perspective it’s easy to pick on the industry but from a news uncovering and development perspective we need to be careful to not cut our online noses off to spite our face. So is Baltimore indicative of the rest of the country? Maybe, maybe not. What is of interest though is that people crave information. They crave details on events. Let’s forget about the mindless blather of the celebrity world. If you want something that superficial and fluffy then anyone can produce it. It doesn’t matter. If a mistake is made in reporting about Oprah Winfrey’s weight we’ll all survive. In things that truly impact lives it is still the job of “journalists” to report and to hopefully give the information without bias (I know, I know that doesn’t happen but one can dream….). It’s at that point that bloggers and the like can comment and help shape the news. Where are you on this one? Would it really be a good thing if newspapers and their reporting dried up and went away? Are there enough credible and scalable online news agencies to cover the amount of “stuff” that is generated and deemed important in each new 24-hour period? I don’t think so. As a result, I am a little concerned about what might actually happen if the online world got its wish and made the newspaper industry disappear. Your thoughts?

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Social Media and the Future of Sports

Posted on January 7th, 2010 in Business, Social Media | Comments Off

In an attempt to give our readers some real world application of all this social media theory swirling about we will be occasionally speaking with some real people who do the real work. How about that? Today we look at social media and the sports world. Regular readers of this blog know that I am a bit of a sports fan. I say a bit because I am no longer playing any fantasy leagues etc so I am not a sports fanatic. I am primarily a New York area sports fan but not the usual kind (Giants, Mets, Devils. I could care less about the NBA). People in that area are pretty passionate about their sports and that’s how I learned to be a fan. Now times have changed considerably. It is difficult for the everyday fan to afford attending actual games (especially if a family is involved). As a result the connection to sports is changing and social media is creating a whole new channel for the fans to interact and be a part of the action that they may not get at the stadium or the ballpark. Pat Coyle of Coyle Media has been involved in the social side of sports for quite a while now. Pat has worked as the Director of Marketing for the Indianapolis Colts and helped create MyColts.net, which is an active online community for the fans of the NFL franchise. I talked to Pat about this and other social media projects he has underway. Frank : Since most people in the social media industry came from somewhere else what is your background? Pat : I have always had an interest in ways technology impacts human communication. I am a Chicago native came out of a direct marketing and sales career to be the Director of marketing for the Colts. I left to start a company and returned to the Colts after five years to be the Director of Digital Business for four years. Coyle Media, my consultancy to the sports industry, is now 2 years old. Frank : So tell us about Coyle Media and what you are doing? Pat : Coyle Media has two legs at this point. One is Sports 2.0, which has its own community at sportsmarketing20.com . The focus of my sports practice is to help teams (and other properties) make money through digital media. The main revenue sources we assist with are sponsorship, ticket sales and community building. The other part of Coyle Media is a social media platform called SmallerIndiana.com , which is a hyper-local online community we launched 2 years ago. It has grown to 8,000 members, and is driven by a sponsorship business model. The consulting business keeps me very busy so the communities, while growing, could use more of my time. That’s the nature of the online community business but I’m not complaining. Frank : You started and have grown MyColts.net. Tell us about that. Pat : The theory is simple: connect fans to each other and you connect them closer to your brand. Colts fans want to socialize with other fans. They want to be seen and recognized and they want to feel like they’re getting inside access. MyColts.net was designed to give fans all three of these things. We figured if we could engage fans through social media, it would give us another way to help sponsors engage with fans and it would give us another channel through which we can sell merchandise and tickets. So far the site has over 28,000 registered members. Research showed as well that while there are ticket buying fans that are in the Indianapolis region the greater number of Colts fans actually reside throughout the country. This site gives them a chance to become more involved in the team without ever likely being able to attend a game. Frank : What are your thoughts on the NFL and their attempts to limit social media interaction with the athletes and fans? Pat : I run a little counter to the “let it be wide-open” crowd. I can see the side of ownership and the need to protect their investments. While most think that the owners are just rich guys getting richer, they are actually taking on all the risk so their desire to keep things contained to protect the brand are less about being “old school’ and more about doing good business. I do, however, think ownership must face the fact that fans are gaining control, so their habit of controlling content may have to evolve rapidly in order to allow fans to do what they do. While it will be an interesting transition it will be best for everyone in the long run. Frank : How will social media effect how sports are marketed and sold in the future? Pat : There is a HUGE opportunity to tap Facebook and Twitter in combination with team social communities in order to add value to fans’ experiences, create opportunities for sponsors and make money for the team. But these things won’t happen by accident. Teams need to make them happen. So far, most teams do not have anyone running their digital channels. I think that needs to change if teams are going to tap the full potential of digital. I hope to see teams begin to optimize their sites for sponsorship and ticket sales. In fact, that’s the focus of my Sports 2.0 service…to help teams optimize their digital channels to drive profits. The biggest idea in my brain right now is a way to help teams sell tickets through the social graph. I am working on this one and will let you know more when it’s ready. I am really excited about the prospects for sports teams as a result and I think the future of sports marketing will be heavily concentrated here. Frank : Thanks for your time. We look forward to seeing how the sports industry embraces social media and how you will help shape the way we interact with sports teams in the future. You can see more of Pat’s thoughts on these subjects at patcoyle.net

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Social Media: More Than Meets the Eye?

Posted on January 5th, 2010 in Business, Social Media | Comments Off

Social media is gaining greater acceptance across all levels of business from the SMB to the multi-national enterprise. No surprise there. What is beginning to play out though is the fact that the space is new and evolving. As a result, some of the techniques or tactics that seem to be the ‘norm’ are now being seen a bit differently. Why? Because there may be other things that just work better. That’s where the evolving part comes in. eMarketer reports on a Marketing Profs survey (this link is for a synopsis of survey that is for sale and we are not in any way associated with that sale) from earlier in September 2009 that shows what is usually done on some social media outlets isn’t what is driving results. The most common marketing tactic used on Facebook was attempting to drive traffic to corporate materials through status updates, followed by friending customers. But the most effective tactic for consumer-oriented companies was creating a Facebook application, which was done by less than one-quarter of total respondents. The chart below tells the rest of the story: Now that’s for Facebook. Apparently the same rules apply for Twitter. Like those on Facebook, marketers using Twitter were also most interested in increasing traffic. Driving traffic by linking to marketing Webpages was the most common activity on the microblogging site, followed by driving sales by linking to promotional pages. But again, the most effective tactics were different. So what was Twitter most effective at for companies? Online reputation monitoring and management. Sure you can drive traffic to your site but there is always the question of the quality of the traffic you drive. As for responding to a negative comment or seeing your brand get trashed? That’s easy and obvious to spot and there is no real wiggle room. It is what it is. As a result companies need to respond and there is a ‘measurable’ result. Here is how the rest of the uses panned out. So where are you on this one? Do you use social media in ways that may not be talked about in the mainstream but have yielded success for you? Remember, it’s OK to share because it’s about social media. No secrets here .

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The 10 Most Popular Marketing Pilgrim Posts of 2009

Posted on December 28th, 2009 in Internet Marketing, Social Media | Comments Off

I trust you had a great Christmas! As our minds dream of how fantastic 2010 will be, it’s time to look back at the hot topics of 2009. Here are Marketing Pilgrim’s top ten most read posts in 2009. Bing.com; Is it Worth Switching from Google? – A home run for Microsoft? While Bing certainly deserves credit for being the first serious challenger to Google, it didn’t hurt that 2009 was the year that Microsoft stepped-up its media outreach to us. Social Media Monitoring Tools: 26 Free Online Reputation Tools – This post was written in 2007 and has been in our top five for the past 3 years! Social Media Marketing Beginner’s Guide – A great guest article by Jon Rognerud and it still stands-up as a great primer for social media marketing. 8 Essential Free Social Media Monitoring Tools – A smart blogger knows not to simply update a popular post. Instead, you think of ways to expand on it–with a new post! This post from December 2008, added 8 more great monitoring tools for reputation monitoring. 200+ Internet Marketing Gurus on Twitter – Back before there Twitter Lists were just a twinkle in the eye of Twitter’s founders, Brian Chappell authored the definitive list of marketers on Twitter. If we hadn’t introduced a policy to close comments on older posts, I believe this one would have easily broken 1,000 comments by now! 21 of the Best WordPress Plugins for New Blogs – Just a little over a year ago, I spilled the beans on the plugins that power Marketing Pilgrim. Look for a new, updated list, in the New Year! Google Offers Cheap Online File Storage With a Catch – How in the world did this benign looking post from 2007 make it into our top ten list of 2009? Good keywords! The Five Pillars of Social Media Marketing – My good friend Ben Wills authored this post in 2006–which at the time was groundbreaking. In fact, I blatantly–with his permission–used it to frame an entire chapter of Radically Transparent! Google Reputation Management: Fix Your Google Reputation & Remove Negative Results – Do you get the feeling that we have a good grasp of reputation management issues? This post is over 2 years old, but, aside from the Google Pages reference, is still remarkably relevant. Facebook Really Does Make Mone y – When it comes to Facebook, I tend to defer to Jordan’s critical eye. She never fails to deliver! Some observations: As of today, Marketing Pilgrim consists of 6,792 (make that 6,793 with this one) posts and more than 45,000 comments! That’s a lot of words! Traffic was up 17.54% in 2009 compared to 2008. Not a bad growth rate! Referrals from Twitter were up 120%!!! Referrals from Yahoo were down 13%. Our own URL shortener– Gri.ms –let us track the origination of around 10,000 visitors! We know where you live! Want to see previous years’ top posts? Check out 2006 , 2007 and 2008 .

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Search Neutrality?

Posted on December 28th, 2009 in Social Media | Comments Off

As expected it looks like this week may be a bit light in the news department. That’s fine. Everyone needs a break from time to time. So as I am looking around this morning I come across an op-ed piece in the New York Times that is written by Adam Raff, a co-founder of Foundem, an Internet technology company. From what I can gather, Mr. Raff is upset that his site was banned from Google’s index. There is no explanation as to why this happened so I am not going to assume anything although an article from eConsultancy looks at his plight and we get some insight as to why Google is so ‘mean’ to him. As a result, Mr. Raff contends that Google simply is too powerful and that the government should be considering a ‘search neutrality’ platform that falls in line with the ‘net neutrality’ platform. Here is a bit of his concern: Today, search engines like Google, Yahoo and Microsoft’s new Bing have become the Internet’s gatekeepers, and the crucial role they play in directing users to Web sites means they are now as essential a component of its infrastructure as the physical network itself. The F.C.C. needs to look beyond network neutrality and include “search neutrality”: the principle that search engines should have no editorial policies other than that their results be comprehensive, impartial and based solely on relevance. I had to shake my head that this was actually put in print but I kept reading. I bumped into more ‘complaints’. Another way that Google exploits its control is through preferential placement. With the introduction in 2007 of what it calls “universal search,” Google began promoting its own services at or near the top of its search results, bypassing the algorithms it uses to rank the services of others. Google now favors its own price-comparison results for product queries, its own map results for geographic queries, its own news results for topical queries, and its own YouTube results for video queries. And Google’s stated plans for universal search make it clear that this is only the beginning. I guess my question is “What is a company supposed to do in that situation”? Why should anyone in the free market be obligated to being relegated to a ‘public service’ status just because they do something better than most? I admit that it seems a bit creepy at times to see just how far reaching Google is with regard to services. I also believe that as they get bigger there are likely to be many vulnerabilities that will be discovered and exploited as the free market has seen in the past with seemingly invincible powers like IBM and Microsoft. It just happens. There’s a lot more to this op-whine piece that I am surprised the Times even allowed to see the light of day. Without search neutrality rules to constrain Google’s competitive advantage, we may be heading toward a bleakly uniform world of Google Everything — Google Travel, Google Finance, Google Insurance, Google Real Estate, Google Telecoms and, of course, Google Books. Some will argue that Google is itself so innovative that we needn’t worry. But the company isn’t as innovative as it is regularly given credit for. Google Maps, Google Earth, Google Groups, Google Docs, Google Analytics, Android and many other Google products are all based on technology that Google has acquired rather than invented. Ask Cisco if they ‘invented’ everything they own. The folks who make Flip cameras are thrilled that Cisco likes to buy good ideas. Interestingly enough, Mr. Raff actually shows that Google PROVIDES market opportunity for the little guy. There are small companies out there that make good things that Google could buy thus making the companies that were innovative enough to be recognized successful beyond what was likely to happen on their own. Maybe Mr. Raff needs to think about making something worthy of being purchased by Google rather than worming his way into the media to complain about his issues. I do have a solution for Mr. Raff. If there is this need for an impartial search engine (which is a ridiculous concept because in order for anything to be ‘ranked’ in numerical order there needs to be some guidelines thus implied ‘partiality’) that is based solely on merit (Whose definition of merit? Someone has to be judge and jury here, right?) and relevance (as defined by whom?) why not let the government build its own search engine? Why put this constraint on the private sector? Our current situation here in the US is that the government wants to be knee deep in everything so why not let them create the engine ‘for the people and by the people’ then let the people decide? Are there any Googlers out there who would like to address this kind of thinking? As for Marketing Pilgrim readers how do you really feel about Google’s place in the market? Is there any validity to this argument? Is Google’s dominance something to be concerned about or just accepted? Is there a real threat of this becoming a Google world? What if that did happen? Is there any validity to the concept of ’search neutrality’? Weigh in please. I have a better idea. Would someone please make some news so we can move on to other things?

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Facebook Set to Pass MySpace Revenue Ahead of Schedule

Posted on December 23rd, 2009 in Online Advertising, Social Media | Comments Off

Facebook has drubbed MySpace on almost all fronts—in the media, with users, in growth, in traffic—except ad revenue. But expect that to change next year, according to eMarketer : “It will surpass its former rival, MySpace, in ad revenues in 2010, when marketers worldwide will spend $605 million on Facebook versus $385 million on MySpace.” The projections for next year show MySpace on a downward trend, falling from $490M worldwide this year to $385M next year. Facebook on the other hand is still climbing: from from $435M this year to over $600M next year. Meanwhile, overall social network ad spending is going up. eMarketer predicts 7.1% growth for total ad spend next year, bringing the total to almost $1.3B. Although they initially expected 2009 to see a downturn in revenue, now the stats show 3.9% growth over last year. Back in September, we saw that 20% of all online advertising was on social networks , with MySpace slightly leading Facebook (9.2% to 8.2%). I suppose we can expect the social share of online advertising to continue to grow—but not MySpace’s. The biggest factor contributing to Facebook’s revenue growth this year, according to ClickZ , is its growth. They reached 200M users in April —and just five months later, they’d added another 100M users . Now at 350M active users, Facebook has doubled in size since February of this year. Yeah, I’d say that would drive some revenue growth. What do you think? Will Facebook really pass MySpace? How has MySpace been able to retain its revenue lead for so long?

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Sherlock Holmes Uncovers TweetDeck Promo Potential

Posted on December 22nd, 2009 in Social Media | Comments Off

In an informal survey it would be interesting to know how many of our readers that made it this far into the post use TweetDeck as their third party Twitter app. I for one do on the desktop and as my mobile Twitter app in an iPod Touch. Alas, the old Blackberry disconnect ends my ability to be a full fledged TweetDecker. Are you a TweetDeck user? If not what are your preferred third party Twitter apps. Just let us know for kicks. So why the interest in TweetDeck? Well, it looks like they are at least finding a way to generate some revenue. In the past the application provider has offered skins for their service for bands like Blink182 but now the film industry is getting on board. Mashable reports TweetDeck kicked off the series with a Warner Brothers partnership for the studio’s upcoming film version of Sherlock Holmes — the accompanying theme, “TweetDeck Telegram Co.,” is now available for download. While I suspect I am not the target market for these things it could be interesting to see just how this kind of promotional option pans out for Warner Brothers. It’s certainly worth a try right? If there is a chance to customize your TweetDeck and be tied into something that is important to you (even for a short time) I imagine there is a decent amount of TweetDeckers who could be takers. In the age of quality trumping quantity in marketing (finally!) it could be a good play if the price is right. TweetDeck says it will be partnering with record labels, bands, movie studios and other media companies to release more themes over the coming year……….Each will present a custom look and feel as well as a dedicated channel for the artist or film alongside the user’s existing TweetDeck columns. In the Sherlock Holmes theme, the dedicated channel features a window into the 221b game. So what’s your take on this kind of promotion? Is there something you would like to see from the folks at TweetDeck? Let’em know!

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