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M&M’s Blog goes behind the headlines to offer a running commentary on the business dynamics within the international media and marketing industry. The M&M editorial team joins forces with industry experts and local market heroes to balance a bird’s eye view of global trends with the importance of local insight.

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  • Why are we talking about video?

    25 October 2011

    Adconian's Matt Hunt discusses the complex landscape of the online video marketplace, pull and push strategies, and concludes with the exciting topic of branded content.

    If you're eager to learn more about video advertising from industry leaders, don't miss next month's Video Advertising Summit!

    Comments (0) | Permalink

    Posted by: Juliet P. d'Arguesse

    Tags: Video, branded content

  • Thoughts on what other brands can learn from Steve Jobs’ legacy

    25 October 2011

    Sadly, Steve Jobs is no more, but his legacy lives on in a brand that people adore. A while ago, I asked some of my colleagues, “What do you think other brands can learn from that legacy?” The answers were interesting and varied, but ultimately, the consensus was that Jobs ensured that the Apple brand and products were meaningfully different from the competition. 

    Contrary to the nihilists of the marketing world, who would have you believe that successful marketing is nothing more than meaningless distinctiveness promoted as widely as possible, Apple is the poster child of those who believe marketing is all about the creation and promotion of meaningful differentiation. Apple commands a significant price premium precisely because people value what it stands for. So what makes a brand meaningfully different?

    To my mind, the critical ingredient is purpose, a clear understanding of what your brand stands for and how it will empower people to make their lives better. And if my colleagues' comments are anything to go by, Steve Jobs was purpose embodied. Here are a few of their comments:

    The most important thing is for people to believe in your brand; and that can only be achieved by defining a purpose that goes beyond produce or profit. Andy Lees

    Know what you’re trying to accomplish and stay focused – don’t go off in many different directions just because you have a hit in one area. Play to win and own YOUR space. Colette Chestnut

    The main learning for other brands’ products is probably the extraordinary focus on the user experience, guided by the ideal of making people’s lives easier and better.  Jake Kolb

    My own opinion about Steve Jobs, he had a set of personal values that he stood by through everything, he wanted, with his products, to make a difference to people’s lives, and they did. He had a vision, and he cut through the crap to ensure the company focused on it. Lynne Deason

    I've always felt what set Apple apart is that they were creating great products/solutions to address needs/issues consumers didn’t realize they had yet. Mike Griffin

    The complement of purpose is delivery, the ability to live up to and exceed customer expectations. This comment from Dave Barrowcliff sums up what many of my colleagues felt:

    When I buy an Apple product, the line that goes through my head whilst I’m using it is, "it just works.” It works in the way you expect it to and want it to, and it does it beautifully.

    My takeaway is that the reason Apple resonates so strongly with so many people, is that its “brand” was not an afterthought pasted on over a product or technology. It originated from its very purpose and was confirmed by the user experience. This said, Alex Hernandez-Brun suggests:

    Apple is among the few companies that focuses on both the product and promotion of marketing and sells that idea to consumers rather than simply one or the other. I think that this, more than the rollout of new technologies, is really what propels Apple and what makes it such an iconic brand.

    Overall, many of my colleagues felt the Apple brand is summed up by one word, and that is “simple.” So with that in mind, it is worth noting another comment from Colette Chestnut, who said:

    The fastest ways to kill the simplicity of stunning creativity and ingenuity - committees and consensus. The word “vision” is singular…not plural.

    And for many brands, that is going to make Apple a very tough act to follow. So what else can brands learn from Jobs' legacy? Please share your thoughts.

    This post was spotted on Straight Talk with Nigel Hollis

    You might also like:

    Steve Jobs--the most effectual thinker of our era

    RIP Steve Jobs: How the media responded

    Top 10 Steve Jobs infographics

    Comments (0) | Permalink

    Posted by: Nigel Hollis

    Tags: Apple, Steve Jobs, Branding

  • Video: an outstanding advertising medium

    20 October 2011

    Last year, Kantar's Bill Lederer at the Online Video Summit declared that video was going to be an outstanding advertising medium. See why:

    Curious about how to incorporate video advertising in your marketing mix? Don't miss out on this year's Video Advertising Summit next month to learn how to deliver the best online video strategy for your client.

    Comments (0) | Permalink

    Posted by: Juliet P. d'Arguesse

    Tags: Video

  • The future's mobile, is your marketing strategy?

    19 October 2011

    The latest advertising spend data from the IAB for H1 2011 reported a total year on year growth of just 1.4% to £8.27billion. 

    Within that, online advertising was the star performer, up 14% to £2.26billion, a 27% share of the market.

    Over a quarter of advertising spend in the UK is now online.

    Mobile advertising was not included in this breakdown, and at Somo, as a specialist mobile marketing agency we eagerly await the growth figures for mobile to be released. 

    A year ago, total mobile spend was just £83million, only 2% of the total spent online and 0.5% of the entire advertising budget, according to the IAB.

    Research by Barclays Corporate has suggested that in a decade, m-commerce will account for £1 of every £20 in retail sales.

     

    UK consumers, the research said, will be spending £19.3billion a year via their mobiles and tablet devices in ten years, up from the current £1.3billion.

    We live in a period where there is a gross underinvestment in mobile marketing in comparison to the time that users already spend with the medium.  

    Of UK mobile owners, 42% now have smartphones and more than 21 million people access the mobile web every month.

    Emarketer recently revealed that US adults spend 50 minutes a day using their mobile- the same amount as reading all newspapers and magazines combined.

    If customers are spending time on their phones, they are spending less time and attention with other media.

    Dynamic Logic/Millward Brown have shown that mobile brand advertising has four times more positive impact on propensity to purchase than online brand advertising. 

    We know mobile advertising is effective on response driven ROI as well as having significant brand awareness impact.

    Marketers who invest in mobile are getting a significant competitive advantage, an enhanced share of voice and a chance to forge new relationships with customers in what will be the global medium of choice in the future. 

    This is why Mobile marketing should be the first media added to any marketing plan for 2012.

    Comments (0) | Permalink

    Posted by: Ross Sleight

    Tags: IAB, Somo, M-commerce, Advertising spend, Ross Sleight, Emarketer

  • User-generated content: Prison Rules

    18 October 2011

    Ever entered a competition which included some form of content submission? Wondering what your rights are in that transaction? Read on...

    Just been sent what looks, on the surface, like an engaging brand promotion with a whizzy prize - $15k all expenses trip to a cool event on the West Coast. I took the time (because I'm a pedant like that) to cast a lazy glance over the Ts&Cs. Here's what I found. 

    "Entrants irrevocably undertake to grant The Promoter and its affiliates, licensees, promotional partners, developers, and third party marketing entities a royalty-free exclusive license to edit, modify, cut, rearrange, add to, delete from, copy, reproduce, translate, adapt, publish, exploit, and use Entries themselves and the content of and elements embodied in the Entries, in perpetuity in any and all media, including but not limited to  digital and electronic media,  (whether now existing or hereafter devised), in any language, throughout the world, and in any manner, for trade, advertising, promotional, commercial, or any other purposes without further review, notice, approval, consideration, or compensation."

    Ouch. It's pretty brutal, in no uncertain terms that once you submit you are participating in (whether you choose to acknowledge it or not) a rather asymmetric contractual relationship with a brand. What perhaps makes it worse is that your contract with that brand is being administered, as in so many of these types of promotion, by a third party. 

    These things of course are not uncommon, but this small paragraph is only a small fraction of what runs to 14 pages of small print terms and conditions, just for this one promotion. My degree in law gets me only so far and I'm guessing to those of you not blessed by an expensive law school education much of this might as well be in japanese. 

    There are too many of these one sided brand promotions out there, where it is very hard to see where the upside is for those people who have given up their time (that generous commodity that brands consistently abuse) to engage with a brand. I'm guessing you'd have to either be incredibly committed to the brand or the prize to take part. Or perhaps incredibly bored with zero sense of protecting your own ideas and personal data to be willing to give the time to make it worthwhile (I reckon this promotion needs at least a few hours to do the content justice and have a slight chance of winning). 

    In an age where brands are competing for attention online, it would be sensible for these promotions to contain more grace and less gas. 

    Failing that, I want to see some Ts&Cs that start "In this here Promotion, your name is Peaches..." 

    Comments (0) | Permalink

    Posted by: Tom Denford

    Tags: Social Media, Content, Privacy, branded content

  • Why online video is an important part of the marketing mix

    17 October 2011

    Is video the key ingredient? Video content still remains the primary challenge for many brands. But as an essential ingredient in the multi-channel marketing mix it’s important for brands to get it right. Particularly as they enter the smart TV schedule, says Chris Gorell Barnes, chief executive of Adjust Your Set.

    As brands have effectively become the media owner and advertiser all in one, it has become all the more crucial for them to have to have something compelling to say, and regularly, so as to not bore their audience. Hence, as the production of online video becomes significantly cheaper, this medium should no longer be overlooked.

    Don't believe us? The stats do not lie:

    1. Mobile and video were the most significant ad platforms in UK, as of last June. More specifically, in that month, two out of three consumers in the UK were exposed to a video ad.

     

     

     2. In July, US consumers viewed more than 5.3 billion video ads, with Hulu generating 963 million video ad impressions, according to the latest Comscore Video Metrix service.

     

    3. In May, 85% of Russia’s entire online population consumed online videos with each person averaging 97 videos during the month.

     

    4. Internet users in Germany, Turkey, Spain and the UK watch an average of at least 30 minutes of online video a day.

     

     

    Looking for some good examples of successful online videos? Don't miss Cream's Video of the Week by Mike Woods from the Framestore

    But be careful, when it comes to online video, Chris Gorell Barnes says it's not just about spreading a virus and urges us to think social.

    If you're still reading and intrigued by how you can learn more about how to use online video in your marketing mix, you might want to check out the Video Advertising Summit this year!

    Comments (0) | Permalink

    Posted by: Juliet P. d'Arguesse

  • Power to change

    14 October 2011

    “Sport has the power to change the world”…

    …These were the words of former Brazilian footballer and entrepreneur Raí Souza Oliveira, who was interviewed on stage at the Festival of Media in Miami on the final day of the conference.

    Sports can be leveraged to help young people in Latin America, through development and education, ultimately helping society. Oliveira sees the upcoming World Cup in Brazil as a good opportunity for brands to have a part of investment in the democratic part of sports activities. Brazil has a new objective and that is to educate the country, through the power of sport.

    For updates from the Festival of Media LatAm in Miami follow the hashtag #fomla11 on Twitter.

    Comments (0) | Permalink

    Posted by: Jenni Baker

    Tags: Sports, Emerging Markets, Festival of Media LatAm

  • Soccer is king

    14 October 2011

    Delegates were posed the question: ‘What is your favourite sport?’ at the Festival of Media LatAm during a session devoted to sporting passions, brand benefits and national identities. Unsurprisingly for the region, 55% of delegates voted football, followed by tennis (18%) and basketball (11%).

    Further to this, they were then asked ‘If you could invest in only one of the major upcoming sporting events in Brazil, which would you chose?’ Football again flourished with 76% choosing the 2014 World Cup over 24% of votes for the 2016 Summer Olympics.

    Havas deputy chief executive and Havas Media CEO Alfonso Rodés then took to the stage to discuss why brands use sports as a communication channel. He stressed the need for a brand to offer a tangible benefit for consumers by showing its contribution to society.

    “Sport is a terrific vehicle for brands to connect with people through their passion,” he said. “It is critical for brands to conform to what consumers think and demonstrate passion to connect with the people.”

    For updates from the Festival of Media LatAm in Miami follow the hashtag #fomla11 on Twitter.

    Comments (0) | Permalink

    Posted by: Jenni Baker

  • The power of a great idea

    14 October 2011

    Unilever’s vice-president of media for the Americas, Rob Master, rounded off the morning session at the Festival of Media LatAm with a presentation on “The new golden age of advertising” – which we are currently slap bang in the middle of.

    “Nothing replaces the power of a great idea,” he said. “If you have a great idea, coupled with consumer insight, there’s no stopping where it could go.”

    Master’s top tips for campaign success:

    Put social mission at the heart of the brand and campaign
    Leverage the brand to create a platform
    Combine consumer and media insight with site, sound, motion and interaction

    Rebecca Black – viral video marketing at its best?

    For updates from the Festival of Media LatAm in Miami follow the hashtag #fomla11 on Twitter.

    Comments (0) | Permalink

    Posted by: Jenni Baker

  • Latam’s new luxury

    14 October 2011

    MCF Consultoria’s Carlos Ferreirinha, Rudd Smeets founder and chief executive Elysiants and Diego Stecchi managing director, LatAm & Caribbean Salvatore Ferragamo took to the stage on day 2 at the Festival of Media LatAm to discuss Latin luxury.

    According to Ferreirinha the main talking point about luxury in LatAm is the shift in the distribution of luxury in Latin America. Previously Mexico and Brazil were considered to be weak markets for the luxury sector in the region where as now they are the epicenter. The young consumer demographic in the region makes it ideal for luxury marketers with the consumption of luxury goods being seen as a badge of honor.

    When prompted to name a global luxury brand that LatAm marketers could learn from Burberry was highlighted for its shift from being a ‘dad brand’ to one that is embraced by youth. Burberry’s use of multiple channels, especially digital, was also praised.

    For updates from the Festival of Media LatAm in Miami follow the hashtag #fomla11 on Twitter.

    Comments (0) | Permalink

    Posted by: Martina Lacey

    Tags: Emerging Markets, Festival of Media LatAm

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