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Customer-Centric Marketing. An idea whose time has FINALLY come?

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Activating the passion that consumers have for the brands they love and turning them into your advocates is the secret sauce to identifying and converting new customers as well as increasing the loyalty of retained customers.

This simple concept, customer-centric marketing, has been the basis of my work for more than 20 years. It’s why I embraced blogs and then social media so wholeheartedly. It’s why I advocate so strongly for transparency, authenticity and disclosure, because they foster trust, the currency of social interaction. Online and off. It’s why I have embraced GDPR and other privacy initiatives for the promise they offer to build strong relationships with customers based on a balanced, informed value exchange for personal data.

Customer-centric marketing is also an idea that is often given lip-service, but not nearly as often embedded in our corporate DNA. We talk a good game about building relationships with customers, incorporating consumer feedback, building products and services that delight them. But when it comes time to implement the marketing plan, we use the language of war. We target audiences. We deploy tactics. We execute plans. We profile the customers into personas who are expected to follow prescribed patterns of behavior.

Which is fine, to a point. It would be foolish not to aim your marketing efforts at the audience most likely to buy. But our language and our tactics both tend to dehumanize our customer, to the point that we forget they are people and not just impressions or clicks or conversions or profiles. Taken to the extreme, and make no mistake modern digital marketing exists on the very edge of this extreme, our marketing isn’t just automated, it’s robotic, and not in a good way.

More human tactics like social marketing, influencer engagement, event marketing and even branded content restore the balance and remind us that customers aren’t simply segmented groups of purchasing behaviors, they are people. Living, breathing people who love our products and services, and are simply waiting to be asked. While these tactics are very often more effective, they are nearly always more expensive than digital advertising which uses programmatic buying and consumer targeting to reach the right audiences cheaply, at scale.

The good news, for advocates of more human centered approaches (like me), is that GDPR promises to reduce that financial gap. The SUPPLY for targeted ads will be diminished when (inevitably) publishers can’t document permission or consumers withdraw permission. It also will be more expensive to deliver an audience targeted PROPERLY with personal data. Both scenarios will increase CPMs for the remaining inventory. More on these and other scenarios in Marketing Week.

Certainly, contextual targeting will pick up the slack for digital advertising. There also will still be a market for premium permission-targeted audiences. Niche publishers in particular have tremendous incentive to develop a strong value proposition, both for their content and in exchange for the use of personal data for targeting. I wrote about this last fall.

As the cost gap closes between digital advertising at scale and more engaging tactics like influencer marketing and branded content, marketers will have incentive to shift budget to customer-centric marketing, where relevance can be proven by our interest and engagement with content and brands, not simply implied by our browsing history or past purchasing behavior.

It’s then up to us as marketers to create the compelling, customer-centric campaigns that engage consumers and convert prospects to buyers.

I’m game!

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Additional Reading on GDPR. Tick Tock. Less than 3 weeks to go. 

Yes, my friends, influencers do have influence. Here’s why we’ve gotten confused.

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Earlier this week, my friend Toby Bloomberg tagged me into a conversation on LinkedIn about evaluating influencers for branded content programs, spurred by a Medium post that argued influencers don’t really have influence.

My comment got too long. What a surprise! Not. So I am posting it on the blog in its entirety. For context:

Influencers have influence. Ultimately, influencers are your customers. They buy (or don’t) your products and services, and they talk to each other. Some influence a few, some influence many. But there is always value in customer -centric marketing.

The issue here is that we collectively have done a few things that contribute to the perception that influencers don’t have influence. I could write a book on this, and perhaps I should, in between trying to re-establish my consulting practice once again after 7 years inside.

First, we talk about one group, influencers, which is misleading. There are really multiple subgroups, each of which has different characteristics, and should be folded into the marketing plan with different strategies and tactics. Microinfluencers are your customers who individually do not have tons of followers, but in aggregate can create a volume of earned media. Mid-tier content creators/bloggers are also your customers, but they have built a larger following on a blog or social platform, and can be tapped into as content producers for both the endorsement value and their distribution channels. Celebrity influencers are much more about their scale, and somewhat less about their role as your actual customer.

Second, we need to activate these different types of influencers in ways that match their reach, influence and status as your customer. The same strategies don’t work across the board. We should start with our business objective, tap into the influencer population that will best help achieve that objective and the define a measurement strategy matched to the program. We also need to communicate those objectives and expectations clearly to the influencers we work with. It is OKAY to ask someone you are compensating to deliver a certain result. Our clients ask it of us. We should ask it of the people we work with. Not necessarily with crowdsourced strategies tapping into hundreds of microinfluencers, but certainly for content programs with mid-tier folks and celebrities. You cannot get mad at non-delivery if you don’t set an expectation.

Third, we need to ground our content programs in relationships with our influencers. After all, they are our customers. There are no shortcuts to relationships. There is no tool, no database, no algorithm that can substitute for the relationship. Use automated tools to get started, to manage content production, to monitor and measure results, to understand the performance of your influencers. But don’t expect that you can define a target audience, search a database for influencers that match the target, or whose audience does, or both, hire them to do something without the due diligence of getting to know them, and then hope for the best. If you know the influencers, you’ll know whether and where they have influence.

Finally, the original article was interesting in that it conflated two related but different marketing strategies, influencer marketing and thought leadership, in an attempt to make the case for thought leadership over influencer marketing. You can certainly tap into a customer (influencer) population as part of a thought leadership strategy, but by and large, thought leadership is about conveying ideas and building an expert reputation for the individuals and their organization, as a conduit to sales. Expertise does matter, and we may reach out to other experts in our field, with greater or lesser degrees of influence, to support and distribute our idea, but it is not the expertise of the customers. It is that of the brand and its representatives that is the focus.

Each strategy, influencer marketing and thought leadership, has its place in the marketing mix, and we don’t have to pick between them.

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Agree with my ideas, but not sure how to get started? I can help with everything from strategy development and content creation to influencer, digital and social marketing, performance audits and presentation decks. Even better, the first hour is free. Email sgetgood@getgood.com to book your free consultation. I’ll give you some thought starters during our conversation, and we can go from there.

Initial report card on my 2018 recommendations and a prediction: the influencer marketing industry will see significant consolidation

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So far, so good.

One of my key recommendations for digital success in 2018 was to diversify your content distribution strategy and focus on building a loyal audience that regularly returns for your content.

January isn’t over yet, and Facebook has demonstrated the critical importance of this. Its pending algorithm changes are forcing publishers to shift their strategies. As reported in Digiday:

“Some are returning to old standbys like search and email; others are putting more resources into different platform products. […] In most cases, the goal is to build sustained engagement with publishers’ content, rather than chasing the flyby traffic that Facebook sometimes drove.”

Another recommendation was the critical importance of your editorial voice. Dan Greenberg, co-founder and CEO of Sharethrough, agrees. Discussing brand safety concerns in an interview with eMarketer, Greenberg said

“brands are shifting back to buying from premium, curated, real publishers that have an editorial voice, instead of just putting a box on the corner of a random webpage.”

I am batting 1000, so figured I’d drop one more on you. The influencer marketing industry will see significant consolidation by the end of 2018. It’s already started, with the acquisition of Whosay by Viacom earlier this month.

Every day, I read at least one, and sometimes two or three, articles announcing that 2018 will be the year of influencer marketing. Influencer marketing as a marketing practice has been around for a decade or so, since the very first blogger relations programs circa 2007/2008. Customer centric marketing, as a buzzword if not in practice, has been around even longer. The idea of using your customer as an evangelist, as an advocate, is not news.

What IS news is that it is now an important element in the marketing plan for many brands. A must-do, not just a nice-to-have.

This trend has been developing over the past couple years. You can almost follow its growth by tracking the growth of influencer marketing agencies, platforms and networks. Ten years ago, it was a handful of companies. Now, there are countless specialized agencies and technology platforms, nearly every consumer publisher has some influencer offering and the integrated agencies, not to be left out, have both practices and products to offer their clients.

As Digiday reported this morning, brands are also increasingly bringing all or part of their influencer marketing in-house, using a combination of internal staff, agencies and technology platforms/tools.

While there is plenty of work to go around, I predict significant consolidation. Here’s why.

You shouldn’t build your business on someone else’s platform. As influencer marketing increases its importance in the marketing plan, it will be critical to protect the investment. That is certainly why Viacom bought Whosay rather than continue to work with it as a vendor. Bonus — acquiring the platform you use removes it as an option for your competitors, another common reason for mergers.

As a result, the most promising small companies will be acquired, by media companies, agencies and larger more established competitors that can extend the platform (and the acquisition costs) across multiple advertisers. Some of the big consumer brands are possibly also in the mix as acquirers, but I think that less likely overall.

All these companies could develop their own solutions from scratch, but honestly, there are so many start-ups in the space, it is a far smarter business decision to buy, not build.

Not every brand that wants to use influencer marketing as part of its strategy will have the means or interest to acquire a platform in-house. There will still be need for independent software companies and agencies that sell various combinations of platform, services and influencer access.

But consolidation will reduce the industry back down to a reasonable number of tech companies, some of which will focus on small and mid-sized business, and others that will operate on the scale, enterprise level. Much like any other SaaS product. It is an inevitable right-sizing. Some firms (see above) will be acquired, some will acquire smaller competitors, and some will close their doors.

The key for brands that choose to use outside platforms will be to protect their data. To retain control over their results and the influencer relationships they nurture. This means making sure that they can capture and keep the data about the influencers they work with, and the results of the campaigns they do. Otherwise, they risk becoming hostage to a technology platform. You want to make absolutely sure that your information is stored to be portable to another platform, and that you are contractually permitted to do so. You need that fail-safe, because, I repeat, you shouldn’t build your business on someone else’s platform.

Who will be the winners? It’s anybody’s guess about the tech platforms (although I have a few,) but no matter what, the customer is a winner. Those that have nurtured their social influence, whether big or small, are getting a piece of the advertising pie. And for all of us, sponsored influencer content is better, more authentic, more engaging advertising.

Facebook changes algorithm, but nothing really changes for brands. It’s a pay for play world.

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Facebook announced last week that it was changing the algorithm to favor posts from friends and family over those from brands. It also recently gave users access to the SEE FIRST button for personal profiles as well as brand pages, allowing users to note whose updates they wanted to see first. This is great news for Facebook users, who have been complaining that the algorithm seemed to deliver posts from the same handful of friends, ignoring many others. “I never see your updates,” the oft-heard refrain.

Cue, immediate uproar from publishers, advertisers and brands that these changes would prevent their fans and followers from seeing THEIR updates.

Tempest in a teapot. The only way for brands to reliably get their content in front of their audience on Facebook at scale is to advertise. Facebook ads, boosted posts, branded content. Now it is simply more obvious.

In the short term, yes, these changes are unfortunate for those brands that have developed models for organic Facebook success. They will have to rethink their models and consider using paid posts to get the sharing started, rather than just relying on their content to drive organic shares. But, as long as the content is good, and worth sharing, does it really matter that you have to invest in a small amount of paid to get the party started? I don’t think so. I have long believed that what matters isn’t whether something is paid, owned or earned. It’s whether someone wants to share it. Previous posts on this topic include Shining a light on the native advertising debate from 2014 and Is earned media an anachronism from 2011.

Net, not much has really changed for brands. Facebook is just loudly fixing something that has hampered its user experience, and basking in the brownie points from billions of users.

By this week, the digital advertising press seemed to agree. Nothing new here, more of the same said both Digiday and Adweek.

11 ingredients for digital success in 2018

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The past 6 months have seen tremendous upheaval in digital media. Companies that were once high flyers — Mashable, Rolling Stone, Time — sold for a fraction of their former (perceived) value. Whether you think this is massive disruption or simply inevitable course correction, the ingredients for digital success have evolved.

It’s not enough to have a mobile-first site with strong traffic, SEO friendly content, a way to deliver video pre-roll and a good native offering. You DO have to have that, but digital success in 2018 requires a few more ingredients. Scale alone is not enough.

Here’s my recipe for digital success in 2018. Whether you are a digital publisher or a brand extending its content strategy, below is my take on how to turn readers and viewers into true audience that you can then further monetize — events, products, e-commerce etc.

 

11 ingredients for digital success

The Basics
1. Great content. With a point of view
Content with a point of view will be more successful than content that tries to be all things to all people. Vanilla is a lovely flavor, but if everyone offers that same vanilla, content becomes a commodity. Point of view isn’t necessarily an opinion or a “stand;” you don’t have to be news or hard-hitting to have one. It can be everything from a niche target, an overt POV, to a more subtle theme or vision underlying and holding together the content you create. It is NOT a mission statement or manifesto, although those can part of a point of view.

2. A deep understanding of and commitment to your customers — both the one you have and the one you want.
Point of view is likely something you share with your target audience or customers. The more you know about them the easier (but never easy) it will be to build a product they will love. This is equally true if your project is 100% digital, or digital is simply the gateway to purchasing a tangible good. You also have to be committed to looking at your business with a customer-centric lens. Everything truly does depend on making the customer happy. Shortcuts may get you through in the short-term but long-term success for any brand is about delivering to customer needs. Consider expanding the C- suite to include a Chief Customer Officer to be the steward of this effort in partnership with client service, marketing, sales, finance and operations.

3. Data, data, data
Data drives decisions. What gets measured, gets managed. You’ve probably heard these phrases more than once in your career. Simply put, the things we measure are the things we can effectively act upon. If you don’t have data, you can’t adjust, optimize, improve. Of course, for measurement to be effective, you have to define a baseline for success up front so you measure the right things, not every thing. All data is not equally important.

Analytics (website, social platforms, campaign performance) are just the first part of a comprehensive research plan. Third party research data is the second. And proprietary research – into your audience, your content performance, market opinion — is the connective tissue that brings analytics and third party data together into meaningful, actionable information that you can use to make your content better and differentiate from the competition.

Traffic Drivers
Our first set of ingredients are the traffic drivers. How do you find the audience and bring them to your content?

4. Search Engine Optimization (SEO)
SEO is your first, and best, friend for building traffic. Nothing — not even paid search — replaces strong organic search results. You can build an internal SEO team or contract an SEO firm to develop your SEO plan and process. However you choose to operationalize SEO, it should be a continuous loop between the content creation team and the SEO management team. But search alone is not enough to ensure success, and you shouldn’t expect it to deliver all your traffic. Against one measure, it scales amazingly well. One well written, search-optimized article can deliver many readers against multiple queries. On another, not so much. You acquire every reader one search at a time. To achieve any scale, you have to keep feeding the beast fresh new content all the time. Even though you can update older content, you still need staff to write and edit. Search is the foundation of your traffic strategy, but it isn’t the whole structure.

5. Social traffic
Social traffic isn’t the panacea either, but you need a robust social strategy to distribute your content on the popular social platforms. Specifically Facebook, Instagram, Pinterest and Twitter (in descending order of importance). Earned, or “organic,” mentions of your brand are important and you should by all means start with a social communications strategy that leverages your owned social accounts to spread the word about your content and initiatives. But don’t expect earned social to get the volume you need. For most brands, organic social reach is a delightful myth. While your audience may follow your accounts for the news, they aren’t going to re-share it at the volume you need to reach new audiences. And then there’s the fact that the algorithms of social (Facebook in particular) are DESIGNED to push you toward paid social. Ads, boosted posts etc. Don’t fight it. Embrace it. Make it work.

My advice is to post your news and stories and get the organic reach that your audience will naturally deliver. Then boost the best performing posts to reach new readers. This will increase the potential pool that might share the content, thus increasing your earned media. Branded content in the form of influencer-generated posts is an important ingredient; consider MarketingLand’s report this week on research done by social analytics firm Shareablee showing that viral reach from branded content ads on Facebook eclipses standard ads.

6. Native advertising
The power of native content is why you should use your web and social analytics, and even your SEO analyses, to identify the best content to put in native advertising units. Publishers may prefer to promote the branded content they create in their native units, but increasingly they are opening their inventory up to native programmatic as well as premium native advertising using content sourced elsewhere. Plus of course services like Taboola and Outbrain, although I recommend that you regularly evaluate whether the traffic you get from less-premium sources is the same quality that you get from more premium sources of traffic.

But like SEO, social posts and native ads deliver one reader, one viewer, one click at a time. Scale requires volume. Every increase has a real cost to produce and distribute the content. It’s effective, but not terribly efficient.

In addition to growing your unique users, you need to convert those one-time readers and viewers into a loyal audience. You want them to keep coming back for more, and consuming more than one piece of content at each visit. In analytics terms, you want your uniques to keep growing, but your page and video views to eclipse uniques. In my opinion, 4x is a baseline for good, and you really want it to be much more than that. Our next set of critical ingredients are the engagement and loyalty drivers.

Engagement and Loyalty Drivers
These ingredients deepen your readers’/viewers’ relationship with your content.

7. Newsletters
What’s old is new again! Newsletters are the best mechanism to get casual readers/visitors into into your content ecosystem and regularly coming back for new content. Because they are permission-based, with the user having control over what data is shared with the publisher, they are more compatible with privacy regulations like the European General Data Protection Regulation (GDPR), which will become increasingly important for any firm doing business with EU nationals when GDPR takes effect in May 2018.

That said, getting permission from the user is only part of the privacy mandate; you also have to protect it, so your newsletter tech needs to be super smart. Bottom line though, the more you can get the reader/viewer to share with you (first party data), the less you will be restricted by potential regulations/restrictions on the use of third party data from the big databases. That means delivering real value in exchange for personal information, and the more you ask, the more value you must add.

Don’t use your newsletter simply as an index to articles on your site. Folks may subscribe but they won’t necessarily become loyal readers (and repeat visitors) if the newsletter is nothing more than a promotional tool for your articles. Take the time to create some original content around the articles you recommend. Follow the example of Digiday; its daily newsletter highlights articles from the Digiday site, but it places them in context, giving the reader value even before she clicks over.

8. Recommendations
Website design matters. It is all well and good to say that no one comes to your home page, so giving it undue importance is wasted effort. For many, site visits are driven by search and social directly to the content. But the structure of content on the site once someone gets there and their ability to discover new, relevant content matters. A lot.

Publishers and brands need to invest in recommendation engines and native units that bring readers/viewers deeper into content based on their interests. Baseline is a smart keyword/topic match to the article/video they are reading or viewing, but we need to push the envelope on this. As we build stable databases of loyal readers’ preferences and past viewing habits, we should make inferences about the type of additional content they would like to consume, both editorial but also branded content. The better we match our recommendations to their interests, the more likely they are to consume multiple pages of content by choice, and not just because you split the content up into 7 pages.

9. Video (but smarter)
Digital publishers by and large have struggled with video. There is huge advertiser demand, nowhere near enough quality inventory, and strategy after strategy to manufacture it has met with lukewarm success at best. Facebook seems to be the hands-down winner for delivering targeted video eyeballs, followed by the video aggregators like Jun Group who have fed the digital demand of both publishers and brand-direct.

What seems clear to me, whether you are looking at digital, linear or OTT, is that successful video strategy is grounded in more than just delivering consumer eyeballs through targeting and audience acquisition strategies. If you BUY every view for slightly less than you re-sell it to your advertiser client, your business cannot scale efficiently. It works for a while, but eventually the advertiser figures out that she can buy that same eyeball direct.

To be successful with video, it comes back to figuring out what resonates with your audience, what fits with your editorial or brand mission, and most importantly, what you can do better, smarter than the other guy. I wrote about this in September. Success is rooted in smart content strategy, incorporating video where it makes sense for the story, not simply to deliver advertising. We shouldn’t pivot to video; we should integrate video into a multi-format digital strategy that includes all sorts of content. For a successful publisher’s take on this issue, check out Digiday’s report on Bustle’s strategy.

Even if your content is primarily text, and doesn’t seem to “need” video to tell the story, for example B2B content, you need to start at least thinking about video. Pew Research reported this spring that millenials are now the largest living generation : “In 2016, there were an estimated 79.8 million Millennials (ages 18 to 35 in that year) compared with 74.1 million Baby Boomers (ages 52 to 70).”

This generation looks at and engages with content — both digital and IRL — differently than the older generations. For many in the cohort, video is the preferred communication medium. Business sites that want to reach this new worker need to think about how to incorporate video into their content strategy.

For what its worth, I think it helps to think about video as 5 basic types.

  1.  News / Documentary — current events, educational, fact-based. Your purpose is to convey specific information to viewers, and you may or may not have a specific point of view and desire to convince / persuade.
  2. Comedy — Make ‘em laugh.
  3. Caught on Tape — There is a reason “America’s Funniest Home Videos” has been on television for more than 20 years. People LOVE to watch real people and animals in funny, silly situations. The quality of the videos may be dodgy, but the quality of the engagement is not. See also babies, puppies and kittens.
  4. How-To – do just about anything. Cook, apply make-up, style a wardrobe, decorate, garden, change a tire, take pictures, make videos, even business topics can come to life in video. You name it, there is a how-to video to show you the way. This is the easiest type of content for publishers and brands to add to their sites, and our appetite for it is insatiable.
  5. Scripted entertainment with HIGH production values — the market has been cornered by linear and OTT properties created by the big entertainment studios, especially at long-form, but I think there is room for scripted short-form where talented amateurs can be competitive with the big guys.

In my opinion, there are two successful video strategies. You can specialize in one type of video, and go deep and long to meet the needs of your audience for that type of content on your channel. In an increasingly crowded marketplace, you must have an unserved or underserved niche to be successful. The other strategy, which is the one most publishers and brands would be well-served by, is that you integrate the appropriate type into your story telling as needed, but your focus is the stories. You don’t need to specialize in one form as much as you need to make sure that the video you are creating is additive to the stories your audience comes to you for.

Note that some of these formats lend themselves naturally to the development of community, ie the fans that are loyal viewers. For example, comedy shows, reality TV, and character driven drama or comedy. Others are more likely to be driven by search engine results such as tutorials. Current events are a bit of a blend. We may be fans of a particular franchise such as The Rachel Maddow Show, but much of the time, we are driven by search about a specific news item.

Make small, smart investments in your original video programming, and then look at the numbers – what drives traffic and engagement? Do more of that. Drop anything that doesn’t work, no matter how much you love it.

10. Community
Influencers must become part of your content ecosystem. For branded content but also more broadly to extend the footprint of a publication or brand authentically into the community. This takes a different shape if you are a brand using your content strategy to directly promote your company and its products or a publisher, aggregating content and monetizing through advertising, but the fundamental principle is the same.

Go beyond seeing your customers as content or product consumers, and engage your audience in the content creation process. Last fall, I outlined how this might look for a digital publisher. The most important thing to remember is that you want to create multiple touch points for your customers into your brand or publication, and leverage their contributions as much as you can. Everything from deep relationships and extended partnerships with brand ambassadors or top-tier contributors to simple content creation programs with mid-tier influencers and earned media with micro influencers.

11. E-commerce
Many publishers are leaving money on the table by not integrating shopping into their sites. For branded content for sure, but also to earn against the products used in the normal course of business. Where can I get the clear mixer bowl in that video? I love what the host was wearing. Show me similar outfits. One needs no further proof that this is a smart strategy than that Amazon has launched an influencer program to develop branded content as an extension of its affiliate marketing program.

Online retailers like ShopStyle have a robust affiliate program as well as content programs using influencers. Publishers like Diply, Mashable and Bustle have incorporated e-commerce on their sites, to varying degrees:

  •  CRO and President of Diply Dan Lagani sat down with Cheddar to talk about the potential of e-commerce for digital publishers.
  • Bustle in the Wall Street Journal:  “The company has also signed additional video deals with Facebook Inc. and YouTube, and boosted its affiliate commerce, where it takes a cut of product sales generated by links included in its posts.”

But for long-term success, publishers need to develop e-commerce strategies that do not depend on Amazon affiliate income; Amazon will likely start cutting its affiliate commission rates as it further develops its own content strategy. Whether they choose to go direct to brand, partner with the affiliate networks like CJ Affiliate and Rakuten or partner with retailers, the key will be to integrate the shopping cart in such a way that it is non-intrusive to, but integrated with the content experience. The smarter, the better. Bonus for integrating influencers into the mix, as ShopStyle does.

The other e-commerce play is to have your own product line. Not every publisher has the wherewithal, the brand or the stomach for this, but if you have your own products, you are the original channel 😃 Subscription boxes were all the rage this year; no matter what your interests, you can probably sign up for a box of merchandise to be delivered to your door every month.

The garnish — a podcast

A podcast, my last ingredient for you, is more of a garnish than a requirement, so I am not counting it among the 11required ingredients for 2018, but I suspect it will be one by 2019.

Podcasting is the most social of social media. The format is so simple — a conversation between/among two or more people that makes us feel, with the intimacy of sound, like we are seated at the table too.

According to Edison Research, podcast reach has grown by 50% over the last four years, and nearly a quarter of Americans age 12 or older listen to a podcast monthly. Podcasts are most popular among 18-34s, but teens and the 35-54s are also listeners. 41% of Americans listen to some form of “speech” audio on any given day.

Right now, the playing field, and opportunity, is wide open to all. The duopoly of Facebook and Google are no better situated than any other player to establish a podcast audience and generate revenue from (and with) that audience. Even though many big advertisers are still waiting for listener metrics to get better, Edison projected podcasts to earn $220 million in ad revenues in 2017. Publishers searching for new sources of revenue would be well served by considering a podcast. It ticks a lot of boxes — content, community, native advertising, low barrier to entry and easy to experiment with formats.

The fast and simple way in is to sponsor an existing podcast that aligns with your brand values/proposition and reaches your target audience. The longer way around, and the more lucrative for a publisher, is to create a new podcast that delivers unique value for your brand and to your advertisers. I highly recommend looking to your community of readers/viewers/influencers for both hosts and guests.

And there you have it — 11 ingredients for digital success plus a bonus garnish. Thanks for sticking with me to the end.

The Myth of Organic Scale

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Massive organic scale for branded content, whether sponsored video, editorial or influencer posts, is a myth. A pretty, shiny, elusive myth.

It was always something of a pipe dream. Those of us in the business learned quickly that we need to use amplification media to reach large numbers of consumers with our messages. No matter how large the organic audience of a website or influencer blog, we could not target content the same way we could ads. Drop that excellent post into a banner or native amplification ad, and I could be sure that moms of elementary school children were exposed to the sponsored juicebox posts.

This doesn’t minimize the value of the authentic voices who create sponsored posts on their blogs. Their endorsement of the brands they love drives consumer engagement with the brand in ways that traditional advertising never could. But we are lucky if 5% of a blog’s readers read any given sponsored post during the typical 6-8 week timeframe of most digital campaigns. If we want to drive that number up, we need to drive traffic to the posts.

Paid media is one way to do it. The other common way to drive traffic to our content is through social posts, both paid and earned. When a reader magically clicks the SHARE button, that earned share is GOLD, providing both engagement and amplification. Paid promotion is everything from asking the author to promote her post on social to engaging microinfluencers to share out links to branded content to standalone social posts that act as the endorsement and deliver the brand message directly to the audience.

And no matter how you look at it, for the most part, organic scale is a thing of the past on social. The most popular platform in the world is Facebook, and its branded content policy and content algorithms are designed to support its business model, to sell access to the most targeted audiences in a variety of ways. Ads are but one way to reach the Facebook user. If you want sponsored posts and branded content to reach as much of the target audience as possible, you have to boost the posts. The other platforms may be less obvious or less advanced (and certainly smaller), but the fact remains that paid social is the best solution for scaled amplification.

I’ve stopped worrying about whether that is a good or bad thing for influencer marketing. It just is, and your branded content programs, whether publisher- or influencer- driven, need to include paid social as an amplification tactic. We need to worry less about whether something was paid or earned, and more about whether it is shared.

Influencer – ie consumer – endorsement is the most powerful testimonial for a brand. A good influencer marketing program focuses on activating the right influencers to share about a brand, and then amplifying that content so it reaches the largest possible number of other consumers. I’d rather see brands regularly work with a smaller number of influencers, but in deeper relationships (brand ambassador, content partner, etc.) and supplement that core group with scale microinfluencer activations when they have product launches, major initiatives etc. This delivers the largest possible impact for the brand.

In a blog-based campaign, the initial posts carry the authentic endorsement of the influencers, and reach their organic audiences, some of whom will engage with the brand by commenting or sharing the content. This content is the irreplaceable foundation of the social strategy. For scale, we then have to amplify.

The amplification strategy has two parts. The first phase broadens the reach of the initial posts with social shares and paid media designed to scale the targeted audience for all the content. The second phase evaluates the best performing content and boosts it on social to extract maximum value from the best content.

Social-first programs generally skip the paid media phase, and jump right to boosting the best performing posts, although I have always wanted to develop a really well-done native ad treatment to amplify Instagram content back to digital with an e-commerce component.

Bottom line, matter how much organic reach your chosen influencers have, it’s never enough. Adding paid amplification delivers the targeted scale needed to maximize message awareness and optimize engagement with the audience.

Organic scale is a myth, but that’s okay. Like most myths, the truth is less sexy but it works just the same.We still can get the results we need.

Predictions for 2018 – Podcasts, Newsletters and Targeted Content

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In my post earlier this week, I predicted three types of digital content would be central to advertiser efforts in 2018.

Newsletters

What’s old is new again. Newsletters are super valuable because they are permission-based; your customer has opted into the sales process by subscribing. Our top of funnel marketing activity logically should focus on getting the customer into our marketing ecosystem. Short of an immediate purchase, subscribing to a newsletter is the next best thing. But focus efforts on subscribers who open and engage with the content; scrub deadweight regularly. A large subscriber count is not the goal. What matters is converting the active subscribers into customers.

Targeted content

We have so much data about customer preferences and purchases in the DMP (data management platform). We should be using data to better target content as well as ads. This is the foundational premise of start-up LiftIgniter, an AI driven personalization engine. It promises to deliver more personalized content to site visitors, learning and improving over time to deliver an optimized visitor experience and increasing stickiness. And ad revenues.

I think publishers should take this idea one step farther, and use such technologies to deliver a better branded content experience to visitors. Users outside the target might see an aligned piece of editorial content that is simply sponsored by the advertiser, while readers/viewers who are known to be interested — “in market” — see a more branded, conversion-oriented piece. This would be a win-win. Advertisers would pay premium fees to reach the targeted, qualified audience with no waste, while the casual visitors see top of funnel awareness-oriented content and aren’t turned off by a harder, irrelevant sell.

Podcasts

Podcasting has been waiting a long time to find its critical mass, and the time, it seems, is now. According to the Pandora Definitive Guide To Audio, podcasts will earn $220million in ad revenues in 2017. Slowly but surely, innovators are solving the content discovery and usability issues that slowed growth of the format, and better listener metrics can’t be far behind. Video will always be important, both branded content and editorial video, but I see podcasts as the big growth opportunity for publishers in 2018. They have lower production costs than video, and offer a more even playing field, in which (so far) Facebook has no special advantages.

The branded content S-Q-U-E-E-Z-E

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“On average, unaided awareness was 69 percent and purchase intent was 51 percent after engaging with branded content,” reported the Polar Ipsos Branded Content Study in May 2017

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The struggle, it is real. Digital publishers finally have solid proof that branded content works, and boom, a whole raft of new competitors surface, all looking for that same advertiser dollar.

Digiday covers the problem quite nicely in this piece: As branded content pivots to video, publishers face new challenges. The article focuses on the competition offered by video production houses and entertainment studios, with a passing mention for influencers who approach a brand directly. Its central thesis is that the entertainment studios bring top-notch talent, expertise and a blank slate for the brand message, whereas the digital publisher pitch is about its audience and its editorial voice, which may no longer be enough in the new market realities.

I agree and suggest the following additional points that make it easier to go with the independent production versus the publisher.

  • Depending on the property, the editorial voice can make brand integration more or less challenging. If it is too hard, the advertiser looks elsewhere, and then can distribute its content through owned channels, content syndication, native advertising and programmatic.
  • The studios and video production houses are more distribution channel agnostic, whereas a publisher will always focus its distribution first on its owned properties. That can make it more costly to reach the total audience, unless the publisher is extraordinarily strong on the desired segment.
  • Nearly all video needs to be amplified on social to get the results we desire. The advertiser can buy her audiences from the social platform just as easily as the publisher can. The pitch for the editorial voice, and the implied endorsement of it, has to be stellar for brands to pay upcharges on something it can easily buy itself.

The competition isn’t just coming from entertainment studios and video shops. As Digiday noted, influencers are increasingly able to pitch directly to brands, at a level of production quality equal to the studio product. Brands themselves have more in-house capability, as do their media, strategy and PR agencies. Every publisher faces a certain amount of in-category competition and let’s not forget the social platforms. Facebook could do a little more vertical integration at any moment, and open its own branded content studio, which would be a formidable competitor. Note that I think this scenario is unlikely; Facebook has a vested interest in NOT being directly responsible for the content distributed on its service, thus not likely to broadly embrace strategies that put its Russian-hacking defense in jeopardy.

But still, even if Facebook stays out of it, digital publishers are squeezed by competitors on all sides. Here are some thoughts for surviving this branded content squeeze.

  1. Build a branded content studio that has its own reputation for quality storytelling, that can compete for the brand dollar almost independent of your digital distribution. Great Big Story (Turner) and T Brand (New York Times) are two examples of this approach.It is also the most costly in the short-term. In these days of ever-decreasing media margins, if a publisher hasn’t already started down this road, this may not be a viable strategy.
  2. Niche. OWN your audience. Make your voice matter. If your publication/channel is the go-to source for the audience, your editorial voice becomes relevant again. Even though the brand can buy your audience elsewhere, it cannot buy your editorial endorsement anywhere but from you.
  3. Talent. Become the most efficient way to get the best talent. For some publishers. this means celebrities; for others, success is rooted in building the right community of influencers that you can tap into for branded content, both user generated and house branded.
  4. Think beyond video to other channels. I will have more thoughts on this in a future post, but newsletters and podcasts will be important for advertisers in 2018. I also think the ability to tailor content to individual preferences (using all that data we have) will breathe new life into sponsored content. If we know that only the target audience, the presumed interested audience for a message, will see the sponsored post or branded video, we can offer more brand integration and tailor the messaging to drive conversion. Without wasted audience or irritating casual readers.

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I attended AdTech in New York last week, and met two super-interesting video companies.

Shootsta, based in Australia, offers brands a way to create higher quality social video. Basically, they send you the camera set-up, you film your content, and they do post-production. Targeted at the social media and corp comms folks tasked with feeding the social channels. Not intended to replace corporate video production.

Showbox, based in Israel, attacks the problem from a slightly different angle. It’s a cloud based platform that lets websites/communities/publishers offer professional quality video creation tools to users. I haven’t dug in yet, but it would seem to solve the quality problem of user generated branded content at a more efficient cost than what we used to do, which was have our video producers do the post-production.

 

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