Archive for August, 2008

August 16th, 2008

Email Usage Continues to Rise

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AOL Mail has completed its fourth annual study of email usage. If you check your email while you’re driving or in the middle of the night, you’re not alone.

Last year, 15% of the respondents said they were hooked on email. This year, that figure has jumped to 46%. 51% check their email four or more times each day, which is up from 45% in 2007. 20% said they check their email more than 10 times each day.

It’s a terrific study and well-worth checking out. You can find out more about it here: http://www.CrazyForEmail.com.

August 14th, 2008

Which Web Start-Ups Are Getting all the Buzz?

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Hey, guess what? 2008 is a repeat of 1998.

I’m serious. The web is hot again and marketers and venture capitalists  are trying to figure out which web properties will be the Next Big Thing.

An article in this week’s Fortune Magazine outlines some of the Web 2.0 start-ups that are getting a lot of the buzz. The article does a great job of highlighting Twitter and pointing out what all the fuss is about.

Fortune is one of those publications that should be sitting on every executive’s desk. Plus, just one or two articles are worth what you’d pay for a year’s subscription, so I’d encourage you to subscribe. (And no, they’re not paying me to say that.)

Here’s an excerpt from the Fortune article outlining some of the hottest web properties marketers and businesspeople should know about:

Dig
Online-content-sharing site.  Rumors persist that Google is interested in buying it.

FriendFeed
Customized content feed for your social-network page.  Started by Google alumni.

iLike
Music recommendations and playlists on social-networking sites.  Partnered with RealNetworks’ music service Rhapsody.

Mint
Free personal finance site.  Think of it as a no-frills Quicken.

Ning
Do-it-yourself social network—kind of like your own custom Facebook.  Co-founded by serial entrepreneur Marc Andreessen.

MyYearbook
“Safe” social networking site for high schoolers.

Yelp
User-generated reviews and recommendations of restaurants, bars, and other local businesses.  Now an iPhone application.

Zynga
Free games—poker, blackjack, Sudoku, and such—for Facebook, MySpace, and other social-networking sites.

August 14th, 2008

5% of Americans Use Twitter. So do Amazon, Apple, Dell and Southwest Airlines

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If you’re not using Twitter as a marketing tool, you may be missing out on one of America’s fastest-growing marketing vehicles. According to a recent survey, 5% of all Americans are using Twitter to stay in touch with their friends and family.

Since you’re a marketing guru, you already know that Twitter is a micro-blogging tool that allows you to effectively instant message people from a variety of devices. The 60 Second Marketer Twitters at www.Twitter.com/60SecondTwitter. Other companies that use it include Amazon, Apple, Dell and Southwest Airlines

Will it be around for good? Probably.

Is it the “next big thing?” Maybe.

Is it peach pie? Nope.

August 13th, 2008

What’s the Value of Your Brand?

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Each year, brand consultancy Interbrand releases its study of the Best Global Brands. This year’s study will be released on September 22nd and will feature brands you’re familiar with like Coca-Cola, Google, Starbucks, Nike, Apple, Microsoft, IBM and others.

How does Interbrand measure the value of the brands they feature in their report? They have a complex algorithm they use for their own brand ranking, but a simplified version of it is to take your company’s market capitalization, subtract out the assets and what remains is a simplified version of your brand value.

The argument for this formula is that the money that people would pay above-and-beyond the cost of your hard assets represents the incremental value your brand brings to your company.

If you’re a privately-held company, you can use a similar formula — take the market value of your company, subtract out your assets and you’ve essentially got a simplified version of the same calculation.

For the “Big Daddy” report, keep an eye out here and in other media on September 22nd. Interbrand’s report always gets lots of press.

August 12th, 2008

Kodak Pulls Plug on 2012 Olympic Sponsorship

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In a recent posting by Fredrik Balfour on the BusinessWeek.com site, Mr. Balfour mentions that Kodak is going to pull the plug on its sponsorship of the 2012 games. Regular readers of The 60 Second Marketer will recall that we found Kodak’s sponsorship of these games perhaps ill-advised, especially considering that Kodak has had its share of challenges recently.

I’m sure the argument was that Kodak was a long-term sponsor of the Olympics and, given the industry they’re in and the visual nature of the Olympics, they couldn’t pass up this opportunity. But a basic rule of marketing is that you cover yourself at the retail level first, then spend money building a brand. Then, and only then, do you even consider spending money on sponsorships.

There are those who would argue against what I just said. Unfortunately, they’re wrong.

August 12th, 2008

Will Wal-Mart’s New Marketing Improve the Company’s Image?

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Not long ago, I posted a blog here about Wal-Mart and their brand image. (Note: When the new logo comes out in September, I believe the spelling will be Walmart. Until then, I’m sticking with the old spelling.)

There’s a great article in this week’s Fortune Magazine about the marketing efforts put forth by Stephen Quinn, who joined Wal-Mart from PepsiCo in 2005. “Marketing had been considered a support function at Wal-Mart,” he says in the article. “I had to convince people that it could have a direct impact on sales.”

According to Fortune, it looks like Mr. Quinn is making some headway. He’s applied practices common at consumer product companies like Frito-Lay, where he’d been chief marketing officer. The early signs are that he’s doing a terrific job.

We’ll keep you posted on what Wal-Mart is doing with their marketing — they’re working hard to improve their image and you have to give them credit for that. In the meantime, those interested in the power and impact of a brand can read “Coke vs. Pepsi: The Taste Test They Don’t Want You to Know About” on The 60 Second Marketer site.

August 12th, 2008

Who Invented the iPod?

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Who invented the iPod?

Of course, the final version of the iPod was invented by the guys at Apple, but according to Steven Levy’s book “The Perfect Thing,” a prototype of the iPod was invented by DEC out of California. But — in a series of events very similar to Xerox inventing the first computer mouse — Compaq, which had bought out DEC, didn’t have the vision to see the brilliance of the new prototype.

There were a few other companies after DEC that actually launched early versions of MP3 players, but it took Apple to simplify the concept and then market the hell out of it.

And marketing the hell out of something is what makes Apple … Apple.

August 12th, 2008

What is Behavioral Targeting?

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Everybody from your CEO to your Congressman is asking about Behavioral Targeting. You, of course, know that it’s a way to track web users’ behavior so that you can present them with display banner ads that are relevant and timely.

Recent studies have indicated that a behaviorally-targeted banner campaign can perform 5 to 10 times better than a non-behaviorally-targeted campaign. Amazing stuff.

For an introduction to Behavioral Targeting, check out the 60 second video on our website called — you guessed it — “An Introduction to Behavioral Targeting.” It’ll give you the scoop. Plus, it’s easy to forward to your CEO.

Or your Congressman.

August 11th, 2008

Which Newspapers Use Twitter?

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Newspapers across the country are beginning to realize the value of Twitter. 60 Second Marketer contributor and social media expert Toby Bloomberg brought my attention to the following website which tracks newspaper Twitterers.

GraphicDesignr.net

It’s a great site with a lot of great information in it. And it highlights just how important Twitter is becoming.

Enjoy!

August 11th, 2008

Newspapers That Twitter

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Here’s a great website that is tracking the newspapers that use Twitter to connect with their readers:

GraphicDesignr.net

The site highlights which newspapers are Tweeting as well as which ones are seeing increases and decreases.

Great stuff. Enjoy!

August 11th, 2008

IPhone Software Sales Skyrocket

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Apple has knocked it out of the park again. According to the consumer electronics company, users have downloaded more than 60 million programs for the iPhone in recent weeks. 60 million downloads!

If sales continue at this pace, they could reach $350 to $500 million per year in the very near future. According to The Wall Street Journal, even Steve Jobs was impressed. “I’ve never seen anything like it in my career in software,” he said.

Which brings up a good point — Apple isn’t just about the Mac, the iPod or the iPhone. It’s about a phenomenal user-interface and a software development process that’s unmatched by Microsoft, Google or any other developer.

Congratulations, Apple. You’ve hit a grand slam.

Again.

August 11th, 2008

Google and Microsoft Explore Cloud Computing

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A recent article in Fortune magazine reports that Google is “now at the forefront of a new technology called cloud computing, in which programs reside not on your personal computer but on servers across the internet (a.k.a. the cloud).”

The article goes on to say that Microsoft has devoted significant resources to a similar initiative called the device mesh, which would link all your computer devices and automatically sync them over the internet. One problem for Microsoft is that MSN apparently doesn’t have enough users to make the business model work, which is one of the reasons Microsoft was pursuing Yahoo.

What does this mean for The 60 Second Marketer community? Simply that technology continues to change at a rapid pace and that the marketer that gets caught napping might be left behind.

August 8th, 2008

Survey Says: 29% Have Declaired Email Bankruptcy

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Have you ever gotten so far behind in your emails that you simply hit the “delete all” button?

That’s called email bankruptcy, and, according to an Atlanta-based radio station, a recent survey reported that 29% of the respondents have, at one time or another, gotten so far behind their emails they just hit “delete all.”

I’ve never been guilty of email bankruptcy, but I can tell you right now I wish there was a “delete” key for all the long, rambling stories I’ve told in meetings.

Darn it, when are they going to invent a delete key for those?

August 7th, 2008

What is Web 2.0?

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There’s a great, short article on The 60 Second Marketer site called “Finally, a Concise Definition of Web 2.0 That Everyone Can Understand.” It outlines what exactly Web 2.0 is. Better still, it offers additional comments from two interactive gurus — Bob Becker with Becker MultiMedia and Patrick Miller with BKV.

According to Dr. Becker (we call him Doctor ’cause he’s got a PhD, you know), “If you’re just catching on to Web 2.0, sorry … The train that is leaving is Web 3.0. Time now to get on board if you want to be a leader.”

What are your thoughts and comments? Check out the article and let us know.

August 6th, 2008

New Report Says Ad Spending to Shift to Direct Marketing

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Veronis Suhler Stevenson’s Communications Industry Forecast predicts that more advertisers will be shifting their budgets towards measurable marketing (read: direct response marketing) in the future.

Other findings from the report include:
• Spending on newspaper dailies, weeklies and their digital ventures will fall 2.4% a year to $55.3 billion in 2012.
• Growth in ad sales will slow for broadcasters, but online ads and payments from cable and satellite providers will lift revenue 3.8% a year to $58.8 billion in 2012.
• Digital downloads will outsell CDs by 2010.

I’m surprised that digital downloads don’t already outsell CDs, but I suspect that figure is based on revenue, not number of downloads sold vs. number of CDs sold.

In any case, as The Bobster once said, “The times, they’re a changin’.”


The 60 Second Marketer is a free online magazine brought to you by BKV Interactive and Direct Response. We try to provide quick updates on the newest tools, tips and techniques in marketing. We also try to accomplish that with a dose of humor or levity. As it turns out, we're pretty good at providing tools, tips and techniques, but we're not actually all that funny. Which would explain why people don't call us "funny" as much as they call us "laughable." Bummer. Our offices, for those of you who are interested, are located in Atlanta (404-233-0332) and Kansas City (913-648-8333). We also have offices on Bora Bora, but they don't have the phones installed yet.

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