Tag: long tail

  • Manufacturer, Market, Media

    Sometime last year at Myntra, we were having a planning meeting and everyone was asked for their take on the future of (fashion) e-commerce in a 5 year time frame. I confessed that I had no idea, and asked the group whether they had heard of 3D printing. Since this was before the hype machine went into overdrive, none had. My perspective was that if I could print branded merchandise on my own, what would be the role of an intermediary? (interestingly, I read something on a similar note more recently)   I have no idea how mainstream this phenomenon will become, but 3D printers are already being sold online by Staples and Amazon. eBay also has an app that allows users to buy custom goods from three of the top 3D printing companies. (via)

    There are multiple themes which we can explore from here – the augmented human, the collaborative economy and social commerce – to name a couple. But since these are fairly obvious and have at least been kickstarted on the blog, I thought of connecting this to my post from last week – the future of owned media – in which I explored the possibility of a media marketplace which is tapped by businesses to create, curate and possibly even market content that is relevant to them. The journalism that brands want subsidising the journalism that society needs. I hypothesised whether Bezos’ purchase of WaPo was a vague start to this, given Amazon’s presence in multiple domains.

    It’s interesting that Bezos had invested in MakerBot, probably the original poster boy of 3D printer manufacturing, (via) but thinks the digitisation of physical goods is a while away. It becomes even more interesting when WaPo publishes a story on the business case for 3D printing in the context of e-com players’ need to minimise delivery time. The long tail would explode even more! The article also mentions how “Amazon’s giant fulfillment centers could be another place where just-in-time manufacturing and delivery come together.

    What role does media play in this? IMO, we’re increasingly moving towards interest based communities and our consumption of media is influenced by this. With Kindle, WaPo and several other components in the mix, Amazon could indeed be well placed to aggregate the long tail of not just creators and consumers of physical goods, but information (media) as well.

    until next time, the Amazon of news

  • Social Media – beyond strategy

    Unilever CMO Simon Clift, at Ad Age’s Digital Conference, spoke about the increasing role of social media in brand management, and said that the internet allows consumers to hijack conversations inspite of the huge money spent on advertising. From Unilever’s experience with Dove also comes the understanding that its not just the communicated parts of a brand that comes under scrutiny, but also the corporate’s entire set of credos – sweatshops, impact on environment are a few things he mentioned. Unilever has prominent corporate signatures in its advertising in UK. He also spoke about the increasing penetration of mobiles, of “marketing program with social benefits”, and a product centric approach.

    In essence, it reiterates the decline of one way communication, consumer participation, of brands being ‘deeper’ than the marketing that is done for them. But it was good to hear it from a leading FMCG corporate. The most interesting part of the article for me, however, was this, from the author of the post

    Social media is not a strategy. You need to understand it, and you’ll need to deploy it as a tactic. But remember that the social graph just makes it even more important that you have a good product. Put another way: The volume and quality of your earned media will be directly proportional to the impact and quality of your product and ideas.

    I think that nails it. All this while I was considering social media as strategy. Now I think its more than that – its something that will make the organisation really focus on what they’re delivering to their consumers, how they are doing it – not just from a delivery platform/operations pov, but also from how socially and environmentally conscious and responsible they have been. In Mr.Clift’s words “enlightened self interest”. The ways and means of communication – brand advertising, promotions, PR etc, will follow much later.

    Meanwhile, the Marketing Pilgrim asks an interesting question – does social media really have the pulse of the people? It cites the Johnson & Johnson Motrin ads that had raised the hackles of mom bloggers a while ago, and caused them to remove the ad. Apparently a research was done later that threw up some interesting stats – 90% of women had never seen the ad, and when they did see it, 45% liked it. It also speaks of the Skittles – Twitter experiment, and a research in which only 6% of 300 people sampled had heard about it. Those on Twitter would’ve heard about both these, but the Pilgrim asks whether these voices resemble those outside at all, and how much of influence do they have outside.

    I, for one, still think social media is a good microcosm of the real world. It does give varied perspectives, and the key is in evaluating the perspectives, digging further where required, and deciding on a course of action that fits larger objectives, and not knee jerk reactions. Wonder if there would have been different results if J&J and Skittles had attempted to carry the community along in their efforts.

    But the bigger opportunity, I have always felt is that it allows brands to experiment with segmentation. On one hand, the net allows extremely targeted communication to a core segment, and on the other hand, cheaper distribution allows the brand to also communicate with different segments of the long tail of consumers. It means that brands can play different roles according to the consumer’s interests, and varying with the context, by tweaking its communication, even while sticking to its core objectives. There are new monitoring tools being developed that will aid of this.

    Most importantly, it allows brands to find evangelists in each segment and work with them to improve and communicate. Consumers who find a product interesting and appealing will communicate it on their own, adding their perspective and giving a human touch of ‘interestingness’. I’m increasingly seeing posts about marketing ideas that have differed from the norm – Penguin India’s ‘Blog a Penguin India Classic’, which I wouldn’t know about if Karthik didn’t mention it on Twitter or his blog (though I do think they could’ve done it better by using social reading lists like Visual Bookshelf – on Facebook as an app too, Shelfari etc to reach Penguin readers – can easily find that through book titles), product placement ideas for Nestle evolving from the “Mad Men” on Twitter. Cisco’s comic book experiments via Chris Brogan’s post (Webex in Marvel Comics), and Kara Swisher on All Things Digital ( The Realm, an entire comic series). All appealed to me as a marketer, and one as a bibliophile too. Social media is not one thing – the channels vary in audience, kinds of interaction etc – Facebook, Twitter, You Tube all allow new ideas ( I thought Volvo’s Twitter stream inside a YouTube banner ad was very interesting) and fresh engagement rules, and ways to break advertising and brand communication stereotypes.

    I wonder about the role of strategy in a social media landscape where many things are still unfamiliar. The standards, processes and even objectives are in most cases, hazy, and evolution is happening on a regular basis. In such a scenario, perhaps organisations should first take a long look at themselves and their customers – current and potential, and start by setting goals that go beyond social media.

    until next time, lab time

    Bonus Reads: Social Media tools popular among marketers (via Digital Inspiration)

  • The Long Tail of Caves

    I read about the Jaipur Lit Fest, only thanks to a tweet from prolificd/roshnimo, this despite the fact that I fancy myself to be quite a voracious bibliophile. So, I wouldnt have been surprised to be asked ‘Have you been living in a cave?’.

    I blame it on the information overload, and wonder if we have reached full circle. Once upon a time, the means of communication was so minimal that most people lived their lives without most of the information they’d have liked to have. These days, its the other extreme of communication means, but the effect is the same. Even if I have an interest for something, I might end up missing the information, simply because of the large amounts of data I’m plowing through in terms of Twitter, blogs, Facebook, news sites and so on. Don’t even think of saying noise, or filter. There are limits and it doesnt help if you have interests in the social web, Bollywood, puns, books, Formula 1 and so on.

    The more interest I have in different verticals, and the more conversations I have in any one of these, I expose myself to being in a ‘cave’. Different people based on their interest areas and levels of interest, would thus create a hmm, long tail of caves!!

    I’m getting by now by paying special attention to those whom I trust, in specific fields, to give me the latest, valid information. A sort of virtual look out. But I’m hoping for a better solution, like say, a few vertical networks?

    until next time, wassup? 🙂

  • Nick Niche

    Trendwatching has a small preview of the consumer trends of 2009 – half a dozen, to be exact. You can catch all 6 here. The one that interested me most was “nichetributes”, which is defined as

    the power of making products and services relevant by incorporating ‘attributes’ and features that cater to distinct (if not niche) consumer lifestyles and situations.

    While the explanation does say it’s different from the long tail, and is about “additions to existing products”, I am not convinced that its so disconnected. I’d say that its the long tail within the product users. How many times have we wished that this product had just that extra feature we were looking for – from apparel to furniture to electronic goods? But yes, I am in agreement with the fact that it is a hot trend. The explanation of nichetributes ends with the following line

    * NICHETRIBUTES is decidedly not about advertising, i.e. tailoring a mass product’s message to a specific audience; it’s about tailoring the product itself to that specific audience.

    I agree with that too, but why not advertising too, thanks to the web and social media. In fact, I think it would work great if collaborative product building was backed by a communication to let customers know that customised products can be made to happen. This would help engage the ‘minority markets’ that look for these specific features/attributes in their existing product. It could mean more affinity for the brand and may even bring in new users who were waiting for this feature. There are quite a few brands that allow customisation- NikeiD comes immediately to mind.

    In fact, I’d say that this is perhaps a great way for brands to start out on social media. While mass advertising could cater to the consumers that constitute the head of the long tail graph, social media could cater to the thinner portions. It would be great to have product customisation happening side by side, but it could also start with customised advertising to specific ‘minority markets’ – the long tail of brand communication.

    until next time, minority reports

    PS. while on trends, a great read 🙂

  • News..yes. Papers?

    Rupert Murdoch recently stated that the doomsayers predicting the end of the newspaper industry are off the mark. According to him, online readers also need news form a source that they can trust, and that’s what newspapers have always been doing. He agreed though, that newspapers would have to change from the ‘one size fits all’ approach to cater to readers’ demands. He mentioned his plans for WSJ, to offer three tiers of online content: free news, a subscriber-level service, and a third “premium service” of reader-customizable “high-end financial news and analysis.”

    The newspaper, or a very close electronic cousin, will always be around. It may not be thrown on your front doorstep the way it is today.

    On the whole, I tend to agree with him. However, I also feel that newspapers would be missing the point,  if they see this as just a change of platform. Its a mindset change, not just in terms of news delivery, but also in the way they approach business. After all, even the biggest names, like NYT , Gannett (publisher of USA Today) , are not in the pink of financial health.

    Before we get to that, a few varied ‘heritage media’ (print) trends. On one hand, we have publications like Christian Science Monitor and PC Magazine and many others switching to a primarily online only presence. On the other hand, the NYT opened up a couple of APIs, releases an AIR based news reader, the Guardian buys PaidContent, and offers full text RSS feeds, the Financial Times’ new site design resembles a blog, and some magazines are even rolling out Instant Messaging functionality. Over to India, Live Mint and Business Standard have recently launched podcasting (via WATBlog), India Today added Cosmopolitan to their existing list of digital properties and Business Standard has launched a branded Instant Messenger – BS Buddy (via Medianama). In essence, newspapers and magazines seem to be looking a bit more seriously at making the transformation from real to virtual.

    So this is a good question to ask – what’s the next step for news? To start with, they could take a good look at this list of 10 things that every Newspaper/Magazine site must do. This itself would be completely against a few things that they’d consider sacred – most notably, link sharing and responding to comments. Broadly, I’d imagine it to be a two pronged approach

    • figure out how to deliver their content on digital platforms, and that might even lead to changes in the kind of content they gather, and the way they gather it.
    • figure out a business model that can leverage the content they have – subscription/ advertising/ both.

    First the content aspect. A lot of publications have been experimenting with citizen journalism. They’d do well to check out tools like CoverItLive. Instead of randomly adding a ‘blog’ section to the website, make it work. Get enthusiastic journalists to blog. Get regular bloggers to do guest columns on specific topics of their interest. Promote them and the content they add to the site. This would help them being aggregators who also serve niche interest communities. What is equally important is to bring about a systemic approach to making journalists regard their story as just a start, and getting them to take ownership of making it a conversation. There are advantages in it for them – new story ideas as well as a better understanding of their readers. Yes, Twitter can help in the conversations too. These changes in news gathering techniques might very well change the quantity and quality of newsroom staff. This makes a great case study.

    The business aspect. I read a a very insightful article on how the entry of print publications into the digital medium will change the balance of power and wealth in the link economy. This process has already started. But before that, I think they have to see themselves as news sources, rather than just the newspaper on the web. This would influence how and where they position their ads, and would help them deliver better value to advertisers, as well as readers. While on this subject, I think online ad networks that include newspapers (with various editions and publications) along with independent blog/ blog networks that complement/add on to their content, might make sense. I remember NYT making a sort of conglomerate in association with 3 other newspapers, sometime back. There are other business models too. For example, there are community funded reporting services like Spot.us. (via RWW) Do check out this link for a very radical approach.

    Though readership of dailies (with very few exceptions) continue to drop, I don’t think newspapers are in their death throes in India. But should they wait for that? A good brand takes some time to build. There’s a reason why more people in India visit Rediff and Yahoo and even the web 18 properties than Indiatimes/ Times of India group properties. I’m hoping to see something like Instablogs join the big league soon. Brand loyalty in the real world need not translate into brand loyalty in the virtual world, especially when you’re dealing with a (by now) commodity called news. And as newspapers would know from their real experiences, once readers are used to a certain way of consuming content, it’s difficult for a competitor to sneak in. It would pay well to learn from mistakes – of those aborad who might have waited too long to transform. After all, what doesn’t kill you doesn’t necessarily have to make you stronger. And I’m not sure if newspapers would like to be part of the thin end of the long tail of news consumption, with pure play web entities occupying the head.

    until next time, save paper, save the environment 🙂