Tag: trendwatching

  • The year that will be…

    Crystal gazing began in right earnest in Dec 2012, and across the web, there were many top x predictions for 2013.

    Trendwatching made a list, and my favourites in it were #9 and #10 – “Full Frontal” and “Demanding Brands” respectively. The first was about brands moving further on the transparency curve and proactively showing they have nothing to hide as opposed to merely reacting. The second was about brands getting their consumers to contribute to their sustainability and socially-responsible endeavours.

    Branding Strategy Insider made 2 lists – Brand and Digital & Media. In the first, I found #5 – ‘The Known and the Branded’ – a very intriguing thought. Brands being thought of as category placeholders, stuff that doesn’t really stand for anything. Understandably, brands will find it harder to differentiate themselves. In the second list, again #5 – omni-channel marketing is something I have written about earlier while on the subject of cohesive experiences.

    JWT has their annual 10 trends list as well, and I thought #1 “Play as a competitive advantage” and #9 – “Going Private in Public” were particularly insightful. The reason I look forward to the JWT list is because while they deal with the immediate, they also come up with a couple of nuggets which are really far out. But the thing is, I can instinctively connect with them and am sure that even if not this year, these are inevitable somewhere down the line.

    This year, I also found Next Generation Media’s list quite interesting, especially because of their ‘implications for brands’ after each trend. My favourites in this list were #9 and #10 – “New Currencies” and “The WOW factor” respectively. I like the direction of the former, but would have liked it to be pushed further, but that’s mostly because of a more (personal) philosophical perspective on us having no alternatives to money as a currency. “The WOW factor” – related to ‘The Known and the Branded’ I mentioned earlier in the post, and the writing is pretty much on the wall for brands!

    Update: Came in late, but Simply Zesty’s list is a must-read as well!

    until next time, hope y’all have an awesome 2013. 🙂

  • Servility or Clarity?

    Trendwatching’s October brief – Servile Brands, reminded me of a favourite OTA which was generating some buzz recently for publicly firing its PR agency. (enough clues, but no names lest I should be accused of SEO bait 😀 ) ‘Servile’ is defined as “turning your brand into a lifestyle servant focused on catering to the needs, desires and whims of your customers, wherever and whenever they are.” It relates to brands having to evolve to factors such as (from the trend brief) on demand, time compression and consumers no longer revering brands.

    Meanwhile, I would think that being ‘servile’ is scalable and useful only to a certain extent, even if an organisation is supremely wired to be the jargon word that is on an upward swing in the hype cycle – social business. In fact, I’d argue that a business can be social only if it has a clear understanding of what it stands for in terms of what its business is and how it conducts it, who its consumers are and therefore what needs it wants to satisfy. (the order of the last 2 can be switched as well) I also instinctively think that brands which can communicate this clarity across its various interactions will pull the kind of consumers it wants to have.

    ‘Servile’ implies that brands place the consumer’s needs above its own. I’m really not sure of this. Social or not, brands are in business. I doubt if bending over backward on every service request that every consumer has is a viable strategy. The reason why I remembered the aforementioned OTA is because of their reaction to an incident I wrote about in ‘Mean Brands‘.

    The current version of social – pandering to every consumer – is arguably swinging to this extreme. Hopefully, brands will soon learn that there is a middle path and that is the most viable one. The brands who reach there faster will be able to weather the storms ahead better, because they would have a compass. The compass is their clarity of purpose. Scaling it across the organisation is the challenge, and the fun. 🙂

    until next time, all clear?

  • Human Brands

    Trendwatching’s trend for March 2012 is quite an interesting one – ‘Flawsome‘, driven by brands becoming more ‘human’ and the fast rise of transparency. It’s quite an irony – this ‘fall out’ of the era in which people are trying to be brands and making sure that (even) their Facebook Timeline (in addition to LI, Twitter etc) showcase them at their best/ a perfect life. Yes, I’m generalising.

    I think, more than anything else, this trend is forced on brands by the sheer volume of conversations that are generated in/by social media. Even the best, most conversational and favourite brands/organisations – from Coke to Google to Twitter to Apple etc have their flaws. These cause different challenges for different brands eg. web centric companies generate conversations because of their ‘location’  and more is expected of them because they are digital natives; ‘offline’ brands are forced to engage and include this in their brand DNA. Since bad experiences are expressed more than good ones, ‘flawsome’ is an inevitability.

    The excellent opportunity in this, if brands get the communication right, is to not just being able to involve consumers in correcting the flaws, but in also evolving a league of customers who will actively speak for the brand, because of a sense of ownership they can be made to develop. The other opportunity is to target better and build a set of consumers who can identify with the brands’s attitude and philosophy. This would not just have an effect on communication, but also on vision and processes across the board – product design, customer care, hiring and so on. ‘One size fits no one’ is something that brands could take more seriously now.

    As a brand marketer, and one who is active on social media, I’d love the freedom to say ‘Damn, that was a #fail. But hey, we tried” 🙂

    until next time, winsome brands

  • Social Shops

    One of the trends I think will catch on in the next few years is social commerce, despite the buzz. 🙂 Though word-of-mouth has always been around, newer technologies provide scope for newer manifestations. At this point, social commerce is seen as many things – from f-commerce to group buying/daily deals to virtual merchandise to social + affiliate marketing to social media reviews to shop-together applications, and so on. In essence, any usage of social platforms/applications/media for commerce, and  brands are using/creating these basis their objectives and understanding of the space.

    The buzz has been there for quite a while now. To take a few recent examples, JWT’s 100 things to watch in 2011 had at least a couple of obvious manifestations – F-commerce (35), Group Manipulated Pricing (4) and more in terms of enablers and related items. (come to that in a bit) Trendwatching’s May 2011 trend is The F-Factor – “that’s F for friends, fans, followers who influence consumers’ purchasing decisions in ever more sophisticated ways”, in which they classify this further into discovery, rating, feedback, together, and ‘me’, the last one about curation itself becoming a product/service.

    There are several technologies that will aid this trend in various capacities. Again, to refer to JWT’s deck everything from Automated Checkins (6) to Micro Businesses (51) NFC (56) to Personal Taste Graphs (67) to Tap To Pay (88) can play a direct or indirect part. Add to this increasing smartphone penetration and its impact on purchasing behaviour (check out a study by Google) and interesting services like Localmind, which uses 4sq check ins and location to help users engage in Q&A, or LocalResponse, that uses tweets and check-in data to create a marketing platform for brands to target consumers in real time. and this is sure to be an interesting space with plenty of $$ involved.

    That (obviously) explains why the usual suspects are making strides – Facebook with its check-in deals and Social deals and more importantly increasing the scope and penetration of Connect, Open Graph, Instant Personalisation (though), Google with its Latitude, Offers, expansion of Product Search to more countries (via) and even its fashion shop, Amazon with its new membership-only fashion sales site and so on.

    But more than these services, the applications that interest me are from the ‘real’ products that I come across. Levi’s remains one of my favourites. And the one that excited me much was Pepsi’s Social Vending Machine. It allows a user to buy a drink for your friend and add a personal video message while at it. After you provide the friend’s name and number, he receives a text message with a code which he can redeem at the nearest vending machine and watch that video you made. (via) Probably a gawky start, some would say, but think of the potential applications.

    httpv://www.youtube.com/watch?v=wJaEVEoEETA

    It’s not that there won’t be challenges – privacy is the obvious one. Brands will also have to be careful about their natural tendency for broadcasting and aim to be relevant in time and other contexts. They will also have to integrate offline and online well. But despite these and more that might crop up, I think this will be fun with its synergy with Social CRM and its perspective on the answer to that omnipresent social media ROI question. 🙂

    Bonus read: Paul Adams on How your customers’ social circles influence what they buy, what they do and where they go

    until next time, social bill sharing? 😉

    PS: Interestingly, Coke had a friendship machine of its own too

    httpv://www.youtube.com/watch?v=Bj3QLLTFDX8

  • Big brands, small ideas

    I ended last week’s post with a note that social media services provide brands a way of having their lifestream online, and weaving themselves into the consumers’ context. Last week, I read an interesting article on Six Pixels of Separation titled “Your Company is a Media Company“. It talks about how the different social media tools allow companies to publish their own content without the aid of the earlier generation’s tools and processes – newspapers, PR companies etc, and how these companies are finding new ways to tell stories. It also discusses how consumers now expect companies to be connected, listening and reacting – in a human voice. I remember touching upon this subject in a few old posts of mine – “The new media owners“, and “The Evolution of Content Marketing” a few months back.

    One of the biggest gripes that come up when big brands arrive on social media services is how they use it as just another broadcast channel for their TVCs/microsite/contest etc without adding any value to the reader/consumer. I have seen many a brand on Twitter completely disappear when their promotion ends, perhaps it came up only because ‘Twitter account, Facebook page’ were the current flavours in the marketing communication checklist. These are obviously generalisations, and the three examples that I’d discussed in the last post are obvious exceptions.

    While wondering why it has to be this way, I remembered an old post of mine, which though discussed the future role of a brand manager, had started out on a different premise. It had been triggered by a superb post by Russell Davies titled “the tyranny of the big idea“, and a couple of wonderful notes at Misentropy, which took the idea further. (All the three posts I have linked to are 1-3 years old, and I still find them great reads. What I’m trying to say is that you MUST read them)

    In the last few days, I have seen a few posts that have explored this theme, from different perspectives. Six Pixels of Separation has a post that discusses how the combination of 3 factors – a conversation based social media, real time and fragmented media would mean that marketing strategy would have to move away from the big idea and be more involved with smaller ideas basis the type of people the brand talks to, the platform of discussion, and the context. Closer to home, I read a good post  on afaqs – a question posed – whether television is hogging the resources (financial and talent) because in India it is the most preferred medium (not basis revenue) for marketers as well as the advertising fraternity. L Bhat has a very pertinent post on regional branding, and how Indian brands approach it with a one-size-fits-all approach, relying on translations which don’t do justice to the original idea, or showing contexts which have no relevance to the local audience. He notes (illustrated with examples) that brands which have developed communication specifically for the region have touched a chord with the audience. Another indicator that media fragmentation is not just about the web, let alone social media.

    With the advent of the internet, and specially social media, brands have the opportunity now to use this means of distribution to explore the long tail of audiences and marketing communication. The economies that dictate the usage of television, print etc – in terms of both production and distribution, do not really apply on the web. The NYT has an article on the rise of sentiment analysis – the social web as a ‘canary in the coalmine’, as a way to identify opinion leaders, as a forecasting tool, and so on. Its still early days yet, and we will obviously see much improvement in the current systems. In BlogAdda’s interview with Avinash Kaushik, Google’s Analytics evangelist, I had asked about the effect of the ’emotional responses’ in social media on the field of analytics. As he explains, there cannot be a single tool that can capture all data, and those who monitor this, will have to get used to the idea of multiplicity. From just deciding where communication will be distributed (and to a certain extent, consumed) to  having to track where conversations are happening in an ‘everything reviewed‘ (Transparency, Trendwatching’s September trend)  world, and then deciding the what-why – that is quite a drastic change. These are obviously not mutually exclusive, but it still is a challenge.

    The earlier models of communication (and even some elements of strategy) have perhaps been conceptualised and practised without factoring in instant two way communication, conversation among consumers, and multiple touch points. It was relatively easy for everyone concerned to have one big idea and push it into all the channels. That is perhaps what is happening as ‘social’ is seen as just another ‘media’, but it works differently. It involves a whole new set of rules, some yet to be even thought of. While there will be quite a few advantages, there will also be several challenges for the brand- to be different within the core brand idea, to add value to the different kinds of audiences in context, to decide levels of transparency and be comfortable with it, to be a ‘media company’, to be also comfortable with the rigours of listening and possibly having to react real time. There will be challenges for the brand manager, like I mentioned in the post earlier. There will be challenges for the creative agencies – when they develop ideas, they have to be medium and context specific, and also know how to respond in real time. They will also have to be churning out fresh ideas on a regular basis. There will be challenges for media agencies – to find out the maximum possible touch points relevant for the brand. And this is not just to do with the web and social media alone, but the better usage of other media too. Brands can actually be different things to different people, and be relevant. In short, a drastic overhaul of the system which currently operates, before they an get to being a media company. Being a ‘media company’ and ‘always on’ means that the ‘content’ cannot solely be made of big ideas. Possible, but impractical, I’d say, unless its an idea with several rendition and execution possibilities. From one big idea every quarter/year to a stream of small ideas. Not necessarily, perhaps, but probably so. I wonder, how many big brands and agencies will be game for playing with small ideas.. and failing sometimes?

    until next time, a tyrannosaurus hex 🙂