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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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  • How not to pitch

    29 August 2012

    “When’s the baby due?” To ask this of a non-pregnant woman is one of life’s great gaffes. To ask it, as I did some years ago before starting a pitch, is about as bad as it gets.

    I say this to set a marker in the ground: I know I have stuff still to learn about pitching, which is why finding myself running a couple of big-sized tenders for clients recently has proved to be an insightful experience.

    Here’s what I and Team Wardour learnt (or relearnt) about ‘how to’ and, more importantly, ‘how not to’ pitch from the companies that presented:

    • Show some respect. For instance, don’t let anyone from your team chew gum during the meeting – unless perhaps you are pitching to Wrigleys.

    • Pitches are awkward. Acknowledging the awkwardness is good, making out that we are best friends in a bar is not. You can lay on too much charm.

    • Sound clever; don’t read from a script. That just makes you look like you left your brain with your coat at the door.

    • If you decide to ignore that tip, at least be young and inexperienced – not someone who reads out that they have more than a decade’s experience in their sector.

    • Make sure everyone on the team has a role in the meeting. Colleagues who have nothing to say end up just nodding, smiling, fiddling with things and generally looking like something from Creature Comforts.

    • Remember the client is the story. Supplier creds are hugely boring unless they have been packaged to be relevant to the client’s project.

    • It’s great when clients engage and ask questions during a pitch presentation, but don’t keep saying: “What do you think?” It starts to feel pressurising.

    • If you want to win, don’t appear too posh to push. Look as though you actually want the work but, of course, don’t come across as desperate – that’s just creepy.

    • Don’t let one person monopolise the presentation. Yes, you may be a genius who speaks better than anyone else, but you just end up looking like a dictator, benign or otherwise.

    • Have some questions to ask at the end, but not too many. If you can’t tell when the client wants to wrap up, you shouldn’t be leading the chat.

    In the end, what won in both tenders was obvious. To misquote Clinton: “It’s the content, stupid”. Gimmicks and NLP techniques are one thing but when sitting on the clients’ side of the fence, what impresses are good ideas that are professionally presented at a fair price.

    By the by, we won the “when’s the baby due?” pitch, which has to prove that winning is down to more than charm…

    By Martin MacConnol, chief executive, Wardour

    Comments (0) | Permalink

    Posted by: Bloggers' Gallery

    Tags: pitches

  • Programmed for demise

    28 August 2012

    A little bit of insight into the world of video gaming amongst young boys and ultimately how it is affecting their educational prospects...

    Programmed for Demise
    Created by: www.OnlineGraduatePrograms.com

    Comments (0) | Permalink

    Posted by: Jenni Baker

    Tags: Gaming

  • A lot can happen in 9.63 seconds! It’s in the data!

    16 August 2012

    While you were watching the 100m at London 2012 come and go in a flash, did you ever consider what happens online during that time - all day, every day? Specifically, within 9.63 seconds 16.660 tweets are composed, 110.000 Facebook posts are uploaded, 28 million emails are sent, and 255.000 product images are displayed by Criteo. So what connects this remarkable feat of human achievement with the online environment? Well in some ways it is quite simple, big data!

    Sir Tim Berners Lee was a fitting part of the Olympics opening in what was an amazing representation of societal and cultural developments in British history. We are now at a stage where the online revolution is an integral part of our daily lives. As Usain Bolt ran the second quickest time in history, people clamoured for an internet connection to share their thoughts through online forums, Facebook and Twitter. This need for online is only going to grow exponentially as Usain Bolt and his adversaries train harder to improve their times.

    Looking at BBC’s coverage of the event, it was data that glued it together. The BBC covered every event with extreme sophistication. The latest technologies and techniques were employed to ensure that the viewer felt an integral part of each sport. But consider this, if you take the Olympics branding and cultural melee of the whole event away for a moment, the factor that connected the event was statistics. The medal tables unified countries – it was a constant race to achieve more and subsequently be placed above rivals. Just think of the doping scandal and the recalibration that was required when the Woman’s shot putter was relieved of her medal. And then there was the analytics surrounding these achievements, with intricate economics employed to assess whether the levels of funding in developing our athletes were justified.  

    Taking it another way, the Olympics were only made possible by the advertisers and sponsors that supported the event with a wealth of data. In much the same way that individuals were keen to find the most up-to-date information in real-time to ‘stay ahead of the games’, advertising spend online enabled publishers to monetise this content. But it wasn’t just that. The effectiveness of online advertising also increased significantly by an ability to respond to consumer needs in real-time with relevant products, thereby enhancing the whole process.

    Every 9.63 seconds, Criteo presents 255,000 images from over 3,000 advertisers. As a result, if there is a sudden interest in Usain Bolt’s trainers or Beats headphones (as used by the swimmers) retailers can respond. Makes you think next time you sit for 10 seconds!

    by Michael Steckler, managing director Northern Europe and Benelux, Criteo

    Comments (0) | Permalink

    Posted by: Bloggers' Gallery

    Tags: Social Media, Advertising, Olympics

  • Samsung takes the trophy

    16 August 2012

    Two-thirds of the Olympic organising committee's £2bn ($3.14bn) operating budget has been raised through sponsorship. So why is the UK public not thanking big business?

    It can be difficult to prove sport sponsorship's return on investment and yet the Olympic sponsors paid handsomely to associate themselves with the 'greatest show on Earth'. So was Olympic sponsorship worth it?

    Precise analysed social media conversations about the sponsors over a two week period. We found that sponsors fared very differently to one-another when measured on favourability and not just buzz, with the sentiment scores of the top four sponsors by share of voice ranging from +89 to -7.

    McDonald's generated the most brand mentions out of all the sponsors; however, these mentions were predominately negative. Based on favourability, Samsung stands out from the crowd and excelled at generating sponsorship-related news across social media. It also benefited from clever product placement. More than a third of all comments about the brand related to its mobile devices' supporting roles in the Opening Ceremony; even though the logo and brand name were not in view.

    Coca-Cola also benefited from playing such a visible role in the Torch Relay and, largely, overcame issues related to its perceived suitability as a sponsor. It managed to tap into popular culture and inspire excitement by hosting 'Move to the Beat' music events, which were mentioned several hundred times. Linking itself with respected celebrities such as Mark Ronson, added to Coca-Cola's appeal.

    On the face of it, the opportunity to influence online conversations during the 'first truly social Games' was immense. However, sponsoring the Games does not guarantee good favour. Sponsors need to go above and beyond to earn the right to association.

    by James Withey, head of brand insight, Precise

    Comments (0) | Permalink

    Posted by: Bloggers' Gallery

    Tags: Social Media, Social, Olympics

  • Going mobile? Engagement is key...

    01 August 2012

    Finally there is growing evidence that mobile is starting to deliver on its greatly anticipated potential. Indeed, Ebay chief executive John Donahoe commented last week that it has seen a “staggering surge” in mobile transactions, while industry-wide research is showing nothing but astounding insights into the mobile shopping habits of consumers.

    That aside, brands still have a way to go in terms of truly understanding how to use mobile to its best potential and it can all easily go so wrong. So in that vein, Foolproof released this infographic that gives insights into what brands are currently providing in terms of mobile shopping experiences compared with what consumers expect.

    Comments (0) | Permalink

    Posted by: Jenni Baker

    Tags: Mobile, M-commerce

  • Eurozone: the crisis that just will not quit

    01 August 2012

    Another day dawns in the capitals of Europe. With more meetings of presidents and prime ministers, more statements of re-affirmed political resolve, more frisky reactions from the money markets, more summits than the Himalayas... the Eurozone Crisis weaves its way like a septuagenarian soap opera round the lives of the continent’s 500 million.

    Some may be bored rigid with the whole thing. But, on the streets, many know the crisis in all its component parts: depleted pension pots, extended working lives, teenage kids who cannot find jobs, compressed living standards, trouble with bills, belt-tightening as a contender for a new Olympic sport.

    As we write, around 18 million Eurozone residents are out of work. In Spain, around 25% of the workforce is idle - and the figure is much worse for under-24s and those living in historically under-endowed regions like the appropriately named Extremadura. Even with a reasonably strong pulse audible from the German economy, the Eurozone will contract at the macro-economic level this year. Even the UK, hardly visited by the worst of the plague, is struggling to grow in 2012.

    Our latest wave of European opinion research is being analysed now by our internal teams. Early findings reveal some stark human realities. Yes, in a relatively inoculated market like Sweden well over 50% of under-24s tell us that they expect that their “personal financial situation” will improve in the next twelve months - not a bad state of affairs all round. The figure falls, however, to 27% of young people in Italy and 20% in Poland. Back in Spain, less than 10% of those aged over 65 expect to be better off in the year ahead; we fear that the negative expectations of the 90% are grimly realistic.

    In France and Italy, only around a quarter of young people tell us that they expect their national economies to do better in the immediate future. There is a real chance that even this minority is being seriously over-optimistic. In France around 2.7 million citizens are paid the minimum wage (around Euros 9 per hour) and, as with their fellow Europeans in the same state of income dependency in other parts of Europe, it is quite unimaginable that a raise (either numerically or in final living standards) is coming their way very soon. And for those employed by the State - around 6 million in an economy like the UK -  the chances of a serious improvement in pay and rations are equally svelte.

    In such conditions, attitude and consumer behaviour must be expected to shift on a pretty massive scale. Crudely, are Spanish consumers as worried about global warming as they may once have been? Are even middle-class shoppers going to join more buying groups in search of pared-down prices? How much money are soon-to-retire Italians actually going to able to leave aside for grandchildren?  Is renting rather than buying outright the new austerity chic? Watch this space.

    by James Murphy, editorial director, Future Foundation

    Comments (0) | Permalink

    Posted by: Bloggers' Gallery

    Tags: Eurozone