eCommerce Analytics

Well not definitively but some research by cognitive scientist Mark Changizi (R.P.I) suggests that product placement advertising actually makes a person desire to obtain the product more so than if one were to see a 30 second advertisement 10 times in a week for the same product. Why is this?

Read Product Placement Ads Much Better »

Not sure how many of you followed the online discussion this weekend about how Kmart (and therefore parent company Sears) used paid incentives to get bloggers to write about and tweet about their shopping excursions to the store. While we’ve talked quite a bit on our blog about using Twitter as a tool for getting messages out about products or services, in most instances, we were referring to company sponsored tweets or blogs. In this instance, well-known bloggers with an established follower network were given a $500 shopping spree to Kmart and were also supplied with a $500 give-away card that they could then give away to one of their readers – the catch was they had to post about their experiences in the store. So how did the experiment work?

Read A Brave New World: Kmart Uses Paid Twitter Posts in Its New Campaign »

Today one of our twitter peers asked us how she could find people of influence for a given region. As I researched the question and solution I found that there is actually a name for what is probably the end-game for this exercise:

Influencer marketing- is a form of marketing that has emerged from a variety of recent practices and studies, in which focus is placed on specific key individuals (or types of individual) rather than the target market as a whole. It identifies the individuals that have influence over potential buyers, and orients marketing activities around these influencers.

As I will demonstrate it is possible, using some freely available analytics tools, to narrow the list of influencers. However, as our own Social Network sage Matt Thomson pointed out, the analytics tools fall short in becoming truly useful and further click-based research is really needed to establish credible, influencers who may become evangelists. Read Find your ideal customer evangelists »

We all agreed long ago that the advantage of pay per click ads over more traditional advertising was that we could use conversion rates to measure ROI accurately. As a result, we amped up spending on ads that were paying off and ruthlessly eliminated those that failed to reach breakeven.  

What we didn’t consider, however, is that many of us have been calculating breakeven wrong.

Read Measuring PPC ROI: Ur Doin It Wrong »

As you can tell from our blogs, we’ve been very social media focused this week. We’ve actually been watching the space for quite a while now, but recent events have really shown how the power of social media has changed the thinking of the mainstream marketing crowd. I’m sure many of you are aware of Motrin fiasco where women (and men) on Twitter expressed outrage at the portrayal of moms by the ibuprofen company (“Motrin moms,” a-Twitter over ad, take on Big Pharma–And win).  Additionally, many political pundits have credited Obama’s success with winning over 18-35 yr olds to his use of new and more cutting edge marketing mediums. The power of social media has certainly been proven out, but does your company need to worry about it and, if yes, how do we take advantage of it?

Read Twitter Me This: How Do Businesses Take Advantage of Social Marketing »

Continuing our research into how to navigate the social and micro-blogging networks, specifically twitter, I want to dicuss the various sites and tools which can be used to draw a map of the twitterverse.  The tools fall into categories of search and survey.

Search. Like every other internet based network there are several solutions for searching the twitter world.  Each search tool is oriented towards a specific goal.  For searching against keywords there are 2 good options: Twitter Scan and Monittor.

Read Twitter Analytics »

First things first, no matter who you support, I hope all of you have either gone out to vote today, or are planning to go out to vote. Although I’m usually not this dedicated, I woke up at 6:30 this morning to try and make it to the polls by 7. I was hoping I might be able to get their before the crowds, but by the time I got there at 6:55, the line was already two blocks long. I’ve voted at the same polling station for over 10 years now, and I have to admit that I’ve never seen such an incredible turn out for any election thus far. It took me about an hour to make it through, which was actually less than what I originally thought, but glad I beat the long lines I know will be there later this evening.

Read Obama Leading in the Polls? Perhaps it’s Due to Better Marketing »

I’m a big fan of Seth Godin, but his latest blog post, Ads are the new online tip jar, seems a bit shortsighted to me.  Seth argues that to support their favorite blogs readers should click on an ad to provide some small financial support to the blogger.  Taken to its logical conclusion, however, this strategy will only harm bloggers and other content providers in the long term.

Read Ads the New Online Tip Jar? Maybe in Small Quantities »