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Digital media predictions for a post-GDPR world

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Last week, a business acquaintance made a ballsy prediction on LinkedIn for which he took a fair amount of flak. Posting a comment, I noted that his essential point was not that much of a stretch. Of course, there were nuances to the argument, but a long statement with a bunch of caveats wouldn’t be nearly as interesting or thought-provoking. Predictions have to push at the edges or people won’t pay attention. So, I figured it was time to step onto the ledge and make some predictions about the future of digital advertising. I’d love to hear what you think, agree or disagree.

1. In a post-GDPR world, targeted advertising is going to become more expensive. Not immediately. There is still a lot of confusion (some real, some manufactured) about what is required.  In the end, though, the increased costs of delivering compliant targeted audiences combined with a decrease in available inventory as consumers retract or refuse permission, will increase ad rates to premium, not programmatic, rates. I’ve been arguing this for a while and the pundits are finally admitting it. 

2. Context will be queen again. In order to reach the right audience, we will turn to content-centric, community-centric marketing tactics. In part because they ARE more effective in converting customers, but mostly because the cost differential between them and targeted/programmatic advertising won’t be so great. It will be just that much easier to take the leap of faith to try these tactics, which are still working out their success metrics (more about that in a bit.)

This is the opportunity for niche publishers and brands to create content for their micro-audiences that both provides the necessary context for ads and sponsored content and creates a relationship and value exchange in which the consumer is more likely to give permission for the specific use of personal data. As an example, Pepper & Wits, a new content site for women 45+ who are navigating menopause is owned by P&G; we certainly should expect sponsored content and other brand outreach but the primary purpose is to offer value to the consumer and targeted context, not targeted ads.

3. “If you aren’t paying, you’re the product” is a cliché whose days are numbered. Consumers will start to care about privacy. It has been a LONG time coming, but I truly believe that consumers are finally understanding the true cost of free digital services/platforms, and are going to want real value in exchange for the right to use their personal data. “Legitimate business interest” is not going to be sufficient to use a person’s data without permission. Publishers and brands who are offering great content and building relationships with consumers will have a far better chance of obtaining (and retaining) permission.

4. Things are about to get more competitive. Facebook and Google are vulnerable in this new advertising economy. They aren’t in danger by any means, but their models are based on scale, not relationships. They have no friends, just users. This opens up a sliver of opportunity for niche content publishers to create better experiences for consumers and pick off a little wedge of the pie. The duopoly will still get (more than) its fair share, but they will be handicapped in delivering their biggest strength, targeted audiences at scale, so the little guys can dart in and nab their share in areas where Facebook and Google cannot play effectively, content and community. Niche publishers, bloggers, even brands who can make the long haul investment. And Amazon. Amazon already does a better job of community than either Facebook or Google, is nipping at their heels and has a distinct e-commerce advantage. I also predict Reddit will make a strong play for the “community ad dollar.”

5. All of this will drive innovation. Certainly, in ad tech to manage consent, but that’s just the tip of the iceberg. Folks are already working on challenges like better measurement and attribution models that assign value properly and proportionally to all the players in the value chain, not just the last click. This is crucial for branded content, video, social media and influencer marketing.

Community is also getting some attention. Two start-ups doing interesting things to connect brands with consumers: Social Data Collective and Suzy. Suzy (AskSuzy.com) is the evolution of social media and influencer business Crowdtap. It helps advertisers make and manage meaningful connections with customers by offering them access to its super panel of consumers. Social Data Collective has a slightly different approach; it asks consumers to share personal data with the brands they love in exchange for products/services.

But I think even more interesting things are on the horizon. For example, aggregators of consumer information that validate consumer audiences and can compare them across properties, including blogs and YouTube and all the other places that community will form, not just sites big enough to register on comScore. Audience data all the way down the long tail to validate that the context IS delivering the right audience. This “data hole” has been the bête noire of the influencer marketing business, but there wasn’t a strong enough incentive to solve it, when advertisers could just buy targeted audiences cheaply. To sell content and community as the right context, you need the metrics to prove that you’ve got the goods. It’s coming. I am certain. And it won’t need PII (personally identifiable information) to do it.

We also need tools to give consumers control over their privacy across platforms and processors. Right now, if you think someone has compromised your private data or is using it without permission, good luck tracking it down. Blockchain is the best bet for creating this privacy audit trail. Someone is certainly working on this already. In fact, if you know who, I’d love to chat with them!!!

So there you have it. My predictions for the digital media industry. If you need me, I’ll just be out here teetering on the ledge.

P.S. If you want to check out the prediction of my business acquaintance, you can find it on LinkedIn.

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!

—

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

Is Facebook vulnerable?

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For the first time since its very early years, Facebook is vulnerable. The Cambridge Analytica mess highlighted an important but oft-overlooked fact about Facebook’s business model. Facebook’s business is data, monetized through advertising, not community or social networking. Social networking and community are merely the means by which it gathers and aggregates data and delivers advertising.

This was easy enough to forget in the feature wars and fight for online social dominance, but the public now is generally far more aware than ever that if you aren’t paying, you are the product. It’s also now clear that Facebook’s business models skirt very close to violating consumer privacy, if not outright violations. When working as designed, by the way, not through some breach or hack into the system.

While Facebook has announced changes in the face of governmental scrutiny in the US and Europe following the Cambridge Analytica revelations, the response still seems pretty superficial. Lipservice, not customer service.

As a result, while I wouldn’t sign a death certificate for the platform any time soon, consumer trust in Facebook has seriously eroded, and it isn’t doing such a terrific job at getting it back. At least so far. I’m not sure they can. So many of the problems are built into the very infrastructure. This leaves an opening for competitors.

Others agree.

When asked by NY Mag whether a new platform could get a seat at the table, Dan McComas, former SVP of product at Reddit, said:

I think it’s absolutely possible, but it takes a couple of major factors. I think a start-up needs to think about the monetization and how it can work with the users instead of against the users. I think they need to figure out the right funding mechanisms and incentive structures that also work toward the users. I think they need to have the right product team in place to focus on users.”

Angel investor and entrepreneur Jason Calcanis has put some skin in the game, announcing via his newsletter this weekend a competition called the LAUNCH Open Book Challenge to find Facebook’s replacement. Seven winners will receive $100K investments from the LAUNCH Incubator. In his newsletter, he stated he is looking to fund a social network that is good for society, that will:

– Respect and protect consumer’s privacy
– Respect and protect our democracy from bad actors
– Respect and protect the truth, by stopping the spread of misinformation
– Not try and manipulate people by making them addicted to the service
– Protect freedom of speech, while curbing abuse (not easy!)”

If you’d like to follow along, or think you might like to enter, details are at openbookchallenge.com. The competition is open to existing projects as well as new ideas/paradigms, but ideas alone are not enough. The main criteria for selecting the semifinalists and the eventual winners will be ability to execute.

Reddit, Snapchat and perennial second place finisher Twitter are also in the hunt, but they may have too much baggage (and their own privacy violations) to prevail.

Something will succeed Facebook. It’s not a matter of IF, only of WHEN. Right now, WHEN feels a whole lot closer than it has before.

Facebook has no friends

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Mark Zuckerberg just spent two days in front of Congress, explaining, justifying, defending his company and its business practices.

I continue to find it fascinating that the company that develops the tool that so many brands, individuals and even public entities rely on to build and nurture their communities, neglected to foster its own. Facebook has no friends. We use it, we run our ads on it, we publish our news on it. But we don’t like it.

Which is why, now in its moment of need, Facebook is more or less twisting in the wind. Other publishers, other platforms have committed similar offenses. But in the court of public opinion, Facebook will pay for the crime.

Contrast this to Apple which as a company is equally as arrogant. I say this typing on one of my 5 Apple devices so know that I have drink the Macintosh-flavored Koolaid deep. Apple however always — well before social media — understood the value of community and built its marketing strategy from the get-go around cultivating evangelists. We love the brand. So much so that we forgive an awful lot. Lousy overpriced computers in the late 90s. Batteries that drain far too fast. And we pay a premium to use the thing we love.

It has always been true that if you are not paying, you’re the product.

We now are starting to understand the true cost of using Facebook.

This is the opportunity for a viable replacement to make its move, something that a year ago, I would have said was foolhardy. And no, I am not predicting the fall of Facebook. That is ridiculous. But it is vulnerable.

Reddit, long mostly off limits to commercialization, has recently relaxed its stance about corporate conversation on the platform. Ditto Pinterest, which has extended the hand of friendship to publishers of late. Snapchat, still not dead even though Ms. Jenner claims to no longer use the service. There is a little more room at the inn right now for smart players that figure out how to reconcile the competing demands of commercial results and consumer privacy.

We are finally, after 20 years, at a point where consumer data privacy in the US matters. To everyone, not just a handful of folks. We’ve also realized, I think, that even though regulation may stifle innovation, the cost of not protecting privacy through regulation is too steep. I personally wish we could rely on tech companies to police themselves and protect their consumers. Cambridge Analytica, and all the other extant examples for which the Facebook/Cambridge Analytica mess also serves as proxy, proves that we cannot.

In Europe, privacy is considered a fundamental human right. Its data privacy law, the General Data Protection Regulations, codify consumers’ ownership of their personal data as well as the obligations companies that use or control consumer data have to that consumer.

Our attitude toward privacy in the US is a little different. It is largely viewed in terms of individual rights vis a vis governmental authority. It is not a fundamental right, and our privacy laws such as they are, reflect that.

Nevertheless online data regulation in the US now seems inevitable. Senators Markey and Blumenthal have already drafted a bill, and these are smart guys who have been around the online privacy debate for years. Markey in particular. They know the dangers of over-regulating technology.

Interesting times.

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.

The future of digital media: The value of community

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first in a series of at least 3 posts about the future of digital media

Community

Of late, I have been thinking a lot about how we make content more successful. Especially branded content, but really any content.

Whether a publisher, who monetizes content through advertising, or a brand, which monetizes content through product sales, fundamentally all content is created with two objectives:

  • to inform, educate or entertain the audience;
  • to serve as a vehicle for advertising messages, including display, native, branded content, catalogs, shopping carts.

As marketers, our goal is to create the most successful content we can: well written or produced content (quality) consumed by the largest possible volume of interested consumers (scale), with the best outcome possible for advertised products— increased awareness, preference, trial or sale, depending on the KPI (conversion.) The standardized measures of success are pageviews, ad impressions, clicks, conversions and for extra credit, time on site and repeat visitors.

Search engines changed the way we find content, and social has amplified the mercurial nature of the consumer. We no longer habitually bookmark our favorite sites and rarely browse through a publication in the “I feel lucky mode.” With the possible exception of publications that we actually pay for, such as the New York Times, Wall Street Journal or Washington Post, we don’t “read the paper.” We search, we follow friend’s social recommendations, and maybe, just maybe,if we enjoy our experience on a site, we remember and are more likely to visit the next time it turns up in search or social. Nirvana for the publisher: we have such a good experience with a site, we subscribe to its newsletter and enter its content ecosystem.

But with organic search and social, we aren’t really targeting the information seeker. She is pulling content based on her interests.

Advertising is different. When we are paying, we can and do target.

Ad targeting has transformed the ad side of the digital media industry, from the data management platform (DMP) to the increasing dominance of programmatic in the advertising mix. We are really good at finding the audience.

Certainly we should use caution, and sometimes skepticism, when considering audience demographics — think of the recent New York Times report that Facebook estimates its young American audience to be 25 million more than the actual number of 18-34 year olds in last year’s US census — but third-party tools from Nielsen and comScore help validate audience claims. At a minimum, they put everyone on the same, comparable playing field, which gives advertisers directional guidance.

Dodgy marketing claims aside, we are better at finding and reporting on audiences than ever before.

The question is, how do we get them to come back, to consume more content. To become loyal readers or viewers who consume a lot of content on each visit. Who engage with our branded content at the same level as our organic content. Who convert into customers.

Because, for publishers, re-selling each viewer at a slight mark-up for what it cost to acquire that page or video view is not sustainable. Unless you add measurable value to that view, such as increased conversions, the pyramid will eventually collapse. Brands will figure out that they can buy those views, that awareness, cheaper if they go direct.

Even then, even if they go direct, brands will not continue to pour cash into the funnel —whether YouTube or Facebook or programmatic media or influencer posts — to acquire views that do not convert into engaged viewers and customers.

The key is community. Tapping successfully into ones that form naturally “in the wild,” creating new ones, temporary at first, ideally permanent, around the content we create, and feeding the community with the additional sustaining value – informational, transactional, exclusive, financial – that encourages deeper engagement beyond the simple view or click to buy.

Your community is in your audience, but they are not synonymous. You will (hopefully) always have a much larger potential audience than you will an engaged community. But it is in your community that you find your evangelists, your influencers, your advocates. The audience members that will become your partners in promoting, in creating new customers.

Now, I am not so foolish as to think that this is a new idea. The essential value of community in marketing has long been known. Community is the underlying fuel of social media marketing, the entire gaming ecosystem, successful loyalty programs and multilevel marketing. Among others.

But I think we have only dabbled at the edges of how community can drive success for those of us publishing, and monetizing, content on the web.

It looks something like this:

Quality Content + Audience at Scale + Community =

Sustainable Engagement, Loyalty and Conversion

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