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Monthly Archive for: ‘December, 2010’

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An Acceptable Margin Of Error Can Be A Good Thing (Mediapost 12.22.10) 0

Our business is VERY detailed.  There are more data sets than there are pixels on my MacBook, and these data sets are part of what complicates the business so much.  We try to make every decision down to a single degree of absolute perfectionism, but conversely some of the best campaigns and efforts I’ve seen in the digital space are those that accept a basic margin of error.  The best campaigns are the ones embrace the absence of a perfect science!

There’s a margin of error that exists in the traditional media business which to date has not been accepted in the digital business.   In traditional media, research and analysis are based on sample sizes of 2,000 here and 10,000 there.  Decisions for millions are based on the behavior of a few thousand and that is an acceptable margin of error for those businesses.  Why can’t that be the case in digital media?

The fact is it can’t because we have so much more data, people hold us responsible to make up the difference.   The lack of data and proof in traditional media translates to a desire for over-reporting and over-analysis in digital, but that level of perfectionism can burn out the digital business and the people that drive the bus, so to speak.

Perfectionism breeds a lack of confidence because it requires constant attention, a higher level of proof and his held to a different standard than what the world truly requires.   What it does is create doubt, because nothing can be done perfectly.  In our business it drives the balance towards the science and away from the art, but our business is based on that balance.

The margin of error in advertising and marketing favors creativity, while the perfectionism favors science.  The days of Mad Men were heavily weighted towards the art and they had a lot of margin for error (hence the three-martini lunches).   In a business with an acceptable margin of error, you can afford to make a mistake and that mistake will be evaluated, and you move on.  In a world dominated by data and perfectionism you have to rationalize every decision in advance in order to avoid any mistakes.  It’s a risk-averse environment, but one that doesn’t lend itself to much creative thought.

I’m not trying to resurrect the debate between art and science; I’m simply using that argument to make a point.  The point is that a margin of error in this business should be accepted, it should be embraced and your team or agency partner should be empowered to make a mistake here and there.  It’s that kind of thinking and empowerment that brings us creative ideas like what Apple recently ran with ESPN.  It’s that kind of thinking that creates the Old Spice social media campaign.  Back when I worked at IUMA (the Internet Underground Music Archive) that enabled us to run the “Name Your Baby IUMA” sweepstakes in which 11 lucky people named their newborn child after our website in exchange for $5,000 each.  Not the kind of campaign that a highly data-driven business in today’s marketplace would allow, but one that doubled our traffic for a period of time. 

I like an acceptable margin of error.  It guides my personal life as I’ve shed my perfectionist cloak.  It allows for a little more balance, a little less stress and a little more freedom to try and test some new ideas.  As you enter into 2011, think about what a little less perfectionism and a little more margin of error will do for your employees and your business.  You might come up with something unique and great!

Happy holidays everyone – see you next year!!

 

Posted on: 12-30-2010
Posted in: treffiletti.com

A Picture Is Worth A Thousand Words 0

Create your own caption.

A Picture Is Worth A Thousand Words

Posted on: 12-30-2010
Posted in: treffiletti.com

Finally Going Mobile 0

Finally getting around to testing out my mobile blogging capabilities using the Typepad iPhone app. I think it works pretty well! Nice work Typepad gang!!!

Posted on: 12-30-2010
Posted in: treffiletti.com

In Praise Of Being “Different” (Mediapost 12.15.10) 0

Listen up, because this is important!  This is a once in a lifetime opportunity for you, the reader, to gain insight into one of the most core, most fundamentally strategic concepts in all of marketing.  In this article, which will hopefully be a bright spot in your otherwise mundane day, you are going to be exposed to one of the consulting world’s biggest secrets.  It’s actually the best-kept secret in the history of branding!

Here it is; there are only four positioning statements available for any brand in the world and all brands in the world can fit into one of these four positioning statements.  They are; First, Biggest, Best or Different.

At first pass you may think this is too simplistic, but once you dive into it you’ll come to the realization (and it could be a painful one when you comprehend just how many books are written and classes are taught on this subject) that this is really the simple fact of the matter.

“First” is an important positioning.  It means you were a first-mover and you were an early adopter.  You were a trailblazer.  Your brand can lay claim to the fact that you “did it before anyone else”.  Amazon is probably the biggest claim to “first” in our Internet landscape (though they also say “biggest”).  So is eBay when you think about it.  First is a wonderful place to be, assuming that you continue to invest in and grow your business.  First is a positioning statement that requires a lot of work to maintain because once you’re first, the landscape starts to come after you and you have to find a secondary position to maintain because first will only get you so far.

“Biggest” is another one of those dangerous positions to take, because big doesn’t always mean best (that’s another position altogether).  Biggest is however a verifiable statement to make.  You can be the “biggest ad network” or the “biggest used car dealer” and by being biggest you’re implicitly stating that you’re the most efficient and possibly the most effective.  Being big means that you’ve worked out the kinks and you know what you’re doing by now.

“Best” is a hard one to prove, but lots of companies make the statement.  If you’re the best, that implies your customers are happy, and your service is strong and your business is doing well.  Best means that you try a little harder (like Avis) and that you go that extra mile.  Of course, if you say you’re the best than you’re inviting criticism because it’s in our nature to want the underdog to win.  That’s why everyone roots against Duke in March, because no one likes the games to play out as expected.  There’s no fun in that.  Being the best means that someone else said you were the best, and once you’re the best you always have to continue to be the best, or you’re the company that “used to be the best”.

Now, being “different”; that’s important.  When you’re different, you’re only saying that what you do and how you do it are not the traditional ways one would expect.  By being different, you can create a unique position that you can own.  Being different means there is some element of your business or service that’s definable, that you can own, and no one can take that away from you.  The best positioning work in marketing is done when you do a deep dive into a brand and can uncover the points of differentiation that allow you to be successful while also remaining top of mind.    Being different doesn’t mean you’re “that guy” from high school who wears his underwear on the outside of his pants to school one day to “make a statement”.  Different is not bad.  It’s just different!

In today’s cluttered landscape of companies, products and services, “different” is a very good thing.  Different is what makes companies stand out.  Apple is different.  Tesla is different.  Crocs (as ugly as they are) are different. 

The next time you look at the brands you buy or the companies you work for, take a moment to see if you can spot what their positioning is and see if they’re different, or if they follow one of the standard positions that almost everyone else tries to take.

Oh – and happy holidays!!

 

Posted on: 12-30-2010
Posted in: treffiletti.com

Check out about.me/ctreff 0

Posted on: 12-30-2010
Posted in: treffiletti.com

A Little Christmas Spirit 0

Posted on: 12-30-2010
Posted in: treffiletti.com

Digital Influentials Volume 2, Issue 14: The Year In Review! 0

It’s that time of year again; where we look back fondly upon the year that was and look forward longingly to the year that will be.   It’s a time of introspection and planning, and one filled with promise.  In case you can’t quite tell; I actually like the holidays!

To that end, I decided this final Digital Influentials column of the year would be a recap of some of the best and most interesting companies we’ve uncovered over the last year or so.  It’s hard to sift through the last 52 weeks of discovery and find the best of the best.  One criteria I used was to re-highlight some of the companies we found of interest who DIDN’T get bought this year.  The funny thing is when I reviewed the last 15 or so columns, about 40% of the companies we uncovered have already been purchased by other companies.  I think this could be a business in and of itself!  It’s highlighting the cream of the crop for your investment interests! J 

So let’s move on with it shall we?  Here’s our recap of some of the most fun, interesting, innovative we uncovered this year!!

Let’s start with shopping, which is certainly in line with the holidays.  Check out MILO ().  Milo is a real-time shopping search engine that finds you what you want close to where you are.  Just type in what you’re looking for and your address and it checks the current local store inventory systems to see what your local stores have in stock.  From gym bags to LED TV’s you can find where to buy locally!

Speaking of shopping, why not shop for a cause with WORLD OF GOOD (), as delivered to you by eBay.   If you use World of Good to shop for products they will guarantee you find the most eco-friendly, ethically sourced items and thereby drive positive global trade.  No tariffs or taxes; just people creating things for other people.   My favorite item thus far is the solar-powered flashlight.  The idea is great; use the sun to charge the batteries and your flashlight will run all night.

Maybe your gift this year was fund-raising (ahhh, the gift of money).  If you want to raise money and donate it to a worthwhile cause, then try using CREATE A FUND ().  They offer a simple way to crowd-fund an idea or an organization.  Individuals can donate $25 or more and the aggregate can really be quite large!  The masses have the money, so let them put it to good use!

If you’re searching for funding and you’ve got an interesting idea, check out KICKSTARTER ().  KickStarter is a newish player in the crowd-funding category (people funding good ideas), but their spin is a little more user-friendly and it seems to be working.  The site features artists, entrepreneurs, technologists and even fashion designers looking to make a break!  It’s worth checking out – they can help make dreams come true for lots of people!

If you like the idea of a “personal shopper” for the holidays then you’ll love SHOP IT TO ME ().  Just enter your favorite designer’s, your size, and the service will rummage through the web, uncovering sales and sites that have what you might want.  It makes recommendations and facilitates your buying!  Pretty influential, isn’t it?

Maybe you just like food?  Sometimes the best place for foodies online is where they can check out the best pictures of food, so when you’re finished perusing your food porn with Flickr and PhotoBucket, check out PINTEREST ().  Pinterest is a social image-tagging site that allows users to “pin” a picture from any page of the web to their pinboard.  Some of the most beautiful pages are the ones dedicated to food.  Check out the pictures of cupcakes and pasta dishes and you’ll leave with your mouth watering and your eyes drooling (yes – I got that backwards on purpose). 

Maybe you own a new up and coming social media tool and you’re looking for VC funding?  Then review VENTUREMAPS ().  VentureMaps allows you to uncover the investors in your area, or other areas of the US.  You can get right down to the name of the people that you should be pinging, and it’s an interesting way to do so.  Consider this a VC-stalker-starter!

If you love social media, check out COLLECTA ().  Collecta came on the scene just last year, but it seems to be making quite an impact.  Collecta presents a collection of recent, real-time search results that helps you see what’s going on right now.  Type in any of the names for your favorite pop culture icons and see what’s being said about them right now!  It’s “Human Nature” in action.

As far as iPhones and iPads go… the best by far this year was FLIPBOARD.  Lots of other folks have come to play, but these guys are doing something truly unique.

With that, I wish you a happy holiday season!  May it be filled with happiness and kindness… and innovative ideas for us to write about it 2011!

Thanks for reading!!

 

Posted on: 12-30-2010
Posted in: treffiletti.com

Looking Forward to 2011… (Mediapost 12.8.10) 0

It’s that time of year once again!  The time of year when pundits such as myself get up on their soapbox and make pointless predictions for the coming year that are little more than rehashed and half-baked versions of the same predictions their peers are making right now. 

Nobody wants to read those.

I like my predictions to be a bit more provocative, so with that I give you my thoughts (some rational, some requiring a bit more explanation) for the next 12 months as we drive into 2011…

First off, following a post I made two weeks ago, I predict that some major Fortune 500 brand will drop its agency in favor of a DSP solution combined with dynamic ad generation for a 100% automated online presence.  They will fully remove customized, integrated placements and rely solely on targeting and machine-based learning and analytics.  This will signal a wake-up call for the agency business that they need to start training their staff and using technology the right way or they will be battling their own extinction for years to come.

I also predict that a major magazine (i.e. ESPN the Magazine, Cosmopolitan or Details) will go 100% online and tablet (iPad, Galaxy, etc.) due to decreased ad page revenue and the costs to maintain a printed version.  Their subscribers will be given total access as a shifted subscriber and the quality of the content will remain very high as they also move to integrate more with technology like that of FlipBoard.

Speaking of FlipBoard, I have to assume that their business model is more than just technology so I predict that sometime in 2011 we’ll see them begin to make publisher acquisitions and start to amass a collection of owned and operated assets beyond just their technology platform.  This move will begin to position Flipboard as the precedent for a 21st century content network.  Flipboard could become the model for companies like Conde Nast; at the core technology driven with a content-centric revenue model.

Speaking of the app space, I predict that Nielsen and Comscore will start counting apps as a media vehicle and applying these to the overall numbers for publishers.  Apps are overlooked in many cases, but if these syndicated tools can begin to track them as a stand-alone medium, I think most brands would be surprised at the volume of activity they represent.

 Outside of the media and advertising space, I foresee some of the following:

  • iTunes will release a cloud-based storage mechanism allowing us to share our music library anywhere at any time rather than having to copy files from one computer to the next and authorize those computers.
  • The iPad2 will release as a thinner version of itself, with a camera.
  • The Amazon Kindle will come out with a color version (for the pictures).

And while standing on a very thin sheet of ice, I predict the following will happen in 2011:

  • Google will buy Yahoo.
  • Microsoft will buy AOL, but no-one will really care.

As tends to happen in the space, Google’s moves will outshine that of everyone else.  Google will buy Yahoo just to stop Microsoft from doing so, and to stop AOL and Yahoo from merging.  Google will mine the various pieces of technology that Yahoo owns, and integrate Google search back into Yahoo.

Microsoft will acquire AOL, but Microsoft won’t really know what to do with AOL and will pretty much leave them alone until someone comes looking to buy up some of the pieces later in 2013.

By then we’ll all be surfing the web on the iPhone6 and iPad3, both of which will fully integrate Flash and HTML5 easily and integrate with the dashboard of your car allowing you to dictate all of your email while commuting to work.

Some of these services are already available, which makes it even more interesting since these predictions don’t really feel too far off!   Until then, please have a wonderful holiday season and enjoy the final weeks of 2010!

 

Posted on: 12-30-2010
Posted in: treffiletti.com

A True Techspert 0

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Posted on: 12-30-2010
Posted in: treffiletti.com

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