Friday, July 04, 2008

When big brands miss, they miss big...

More and more large brands are taking on the social net and more and more brands are missing their targets...and some are winning and exceeding expectations, (low or cautious expectations I suspect).

When a large brand spends cash in the online world it's typically enough to buy a small country with a two-bit dictator. So missing the point in this arena hurts. Central to the problem is strategy or lack thereof and approach.

Complex organization + Old Marketing Attitude + New Social Media = Complex Expensive Failure

Understanding the social animals and online society or "creative class," "digital generation," "generation now" can be daunting. So seek first to listen, learn and participate by adding value...not ad dollars...

Using analytics to target demographics and audiences is fine to a point, but typically it doesn't tell the whole story. I think it's important to analyze online behaviors, living breathing trends, attitudes, needs...and combine that with understanding who's influencing the discussion. Having the proper strategy is absolutely key.

Just ask GM about whether they like Youtube or not...I talk about this in my presentations all the time...it's the core to everything else...

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