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	<title>Creativity_Unbound &#187; Marketing</title>
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	<link>http://edwardboches.com</link>
	<description>Marketing ideas for navigating a consumer driven world</description>
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		<title>The digital havoc continues; next target the CMO</title>
		<link>http://edwardboches.com/the-digital-havoc-continues-next-target-the-cmo</link>
		<comments>http://edwardboches.com/the-digital-havoc-continues-next-target-the-cmo#comments</comments>
		<pubDate>Fri, 04 May 2012 19:02:19 +0000</pubDate>
		<dc:creator>edward boches</dc:creator>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Technology]]></category>

		<guid isPermaLink="false">http://edwardboches.com/?p=8813</guid>
		<description><![CDATA[We all know that the road from the world of print and broadcast to a new place where digital, social and mobile reign, is littered with once prominent agencies and individuals who got left behind. Those of us who are still around have managed, in one way or another, to transform ourselves. We&#8217;ve learned new [...]]]></description>
			<content:encoded><![CDATA[<div id="attachment_8814" class="wp-caption alignright" style="width: 353px"><a href="http://edwardboches.com/wp-content/uploads/2012/05/Screen-Shot-2012-05-04-at-2.46.34-PM.png"><img class=" wp-image-8814  " title="Screen Shot 2012-05-04 at 2.46.34 PM" src="http://edwardboches.com/wp-content/uploads/2012/05/Screen-Shot-2012-05-04-at-2.46.34-PM.png" alt="" width="343" height="267" /></a><p class="wp-caption-text">Airbnb leverages Craiglist customers to acquire more of its own using marketing techniques that no traditional CMO would ever imagine</p></div>
<p>We all know that the road from the world of print and broadcast to a new place where digital, social and mobile reign, is littered with once prominent agencies and individuals who got left behind. Those of us who are still around have managed, in one way or another, to transform ourselves. We&#8217;ve learned new skills. Hired different kinds of talent. <a href="http://edwardboches.com/the-new-creative-team-and-getting-it-to-work">Changed how we work.</a> Re-structured our work spaces. And learned to live in beta, knowing that whatever we have working today probably won&#8217;t be good enough six months or a year from now.</p>
<p>Inside ad agencies, we continue to see disruption. People, roles and skills change constantly. Planners become digital strategists. PR people master social media. Creative teams scramble to understand APIs and HTML5. And account folks, at the minimum, learn the timing, resources and costs of creating digital content. The changes have spawned an entire re-education industry. The 4As runs transformation sessions. BDW fills up workshops. <a href="http://www.hyperisland.com/">Hyper Island </a>charges a fortune for its digital therapy. Google and Facebook spend a small fortune educating agencies on how to best use their platforms.</p>
<p>But I&#8217;m guessing this is still just the beginning. The emergence of new social networks, platforms for collaboration, and the importance of reaching and acquiring users without relying on paid media and traditional advertising will call for us to learn even more. Throwing up a Facebook page, tweeting about our new product, or targeting influential bloggers won&#8217;t be good enough.</p>
<p>If you need evidence, check out the argument put forth in<a href="http://andrewchenblog.com/2012/04/27/how-to-be-a-growth-hacker-an-airbnbcraigslist-case-study/"> this enlightening post </a>by Andrew Chen, a Silicon Valley blogger, entrepreneur and angel investor.</p>
<p><a href="https://twitter.com/#!/andrewchen">Chen </a>suggests that the future head of marketing will have to be what&#8217;s called a growth hacker. The term is new, but gaining traction in Silicon Valley where most new companies are all about generating users for a digital product or service. His argument is that marketers now need the technical chops to integrate platforms, leverage their existing communities, and invent new ways to generate reach and visibility, using tactics and techniques foreign to most traditional marketers.</p>
<p>The case study he describes shows how Airbnb wrote a script to scrape Craigslist and interact with its forms thus leveraging Craigslist&#8217;s  huge user base despite the ad platform having no API.  (Note this is mostly over my head, so you&#8217;re better off getting <a href="http://bit.ly/JIuGyf">the explanation from Chen.)</a> After reverse engineering Airbnb&#8217;s &#8220;Post to Craigslist,&#8221; Chen writes:</p>
<blockquote><p><strong>No traditional marketer would have figured this out</strong></p>
<p>Let’s be honest, a traditional marketer would not even be close to imagining the integration above – there’s too many technical details needed for it to happen. As a result, it could only have come out of the mind of an engineer tasked with the problem of acquiring more users from Craigslist. Who knows how much value Airbnb is getting from this integration, but in my book, it’s damn impressive. It taps into a low-competition, huge-volume marketing channel, and builds a marketing function deeply into the product. Best of all, it’s a win-win for everyone involved – both the people renting out their places by tapping into pre-built demand, and for renters, who see much nicer listings with better photos and descriptions.</p></blockquote>
<p>While Chen is referring specifically to the need of startups, looking for users on its way to being the next Instagram, one could argue that all brands will be making, and all agencies marketing, digital products &#8212; apps, experiences, communities, digital services.</p>
<p>What will this mean for the future account manager? Or strategist? Or creative team? Your guess is as good as mine. But I can virtually guarantee you that one thing is certain. Whatever we&#8217;ve managed to learn in the last few years won&#8217;t be enough to get us through the next few.</p>
<p>Related:  <a href="http://www.forbes.com/sites/jenniferrooney/2012/05/03/what-the-next-cmo-of-best-buy-needs-to-do-now/">What next CMO of Best Buy needs to do immediately</a></p>
<p>Shout out to my student <a href="http://twitter.com/mrahmey">Maurice Rahmey </a>for turning me onto Andrew Chen&#8217;s post.</p>
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		<title>What the big boys could learn from the startups</title>
		<link>http://edwardboches.com/what-the-big-boys-could-learn-from-the-startups</link>
		<comments>http://edwardboches.com/what-the-big-boys-could-learn-from-the-startups#comments</comments>
		<pubDate>Fri, 30 Mar 2012 19:23:31 +0000</pubDate>
		<dc:creator>edward boches</dc:creator>
				<category><![CDATA[Digital]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[blank page]]></category>
		<category><![CDATA[coursekit]]></category>
		<category><![CDATA[customer service]]></category>
		<category><![CDATA[customers]]></category>
		<category><![CDATA[deliver]]></category>
		<category><![CDATA[example]]></category>
		<category><![CDATA[grades]]></category>
		<category><![CDATA[jim grandpre]]></category>
		<category><![CDATA[problem solving]]></category>
		<category><![CDATA[sets]]></category>
		<category><![CDATA[startup]]></category>
		<category><![CDATA[survived]]></category>
		<category><![CDATA[zappos.com]]></category>

		<guid isPermaLink="false">http://edwardboches.com/?p=8705</guid>
		<description><![CDATA[Maybe it&#8217;s because they&#8217;re fighting to survive. Perhaps it&#8217;s because they don&#8217;t yet have millions of customers. Or it might be that it&#8217;s actually part of their culture. But if there&#8217;s one thing that separates startups from established companies, at least in my experience, it&#8217;s customer service, personal attention and real time response. Last night [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://edwardboches.com/wp-content/uploads/2012/03/Screen-Shot-2012-03-30-at-2.49.10-PM.png"><img class="alignleft  wp-image-8706" title="Screen Shot 2012-03-30 at 2.49.10 PM" src="http://edwardboches.com/wp-content/uploads/2012/03/Screen-Shot-2012-03-30-at-2.49.10-PM.png" alt="" width="391" height="211" /></a>Maybe it&#8217;s because they&#8217;re fighting to survive. Perhaps it&#8217;s because they don&#8217;t yet have millions of customers. Or it might be that it&#8217;s actually part of their culture. But if there&#8217;s one thing that separates startups from established companies, at least in my experience, it&#8217;s customer service, personal attention and real time response.</p>
<p>Last night at 9:45, after two hours of entering grades and comments into <a href="http://coursekit.com/course/1816">Coursekit, </a>the platform I use for teaching, I hit publish and instead of sending the grades off to my 25 students, <a href="http://coursekit.com/">Coursekit </a>presented me with a blank page.  All my earnest and time consuming efforts gone. I tried to re-enter them from memory figuring I&#8217;d at least be close. But when I hit publish for the second time, this batch disappear, too. After a moment of panic &#8212; of course I hadn&#8217;t saved them anywhere else &#8212; I sent Coursekit a public reply on Twitter asking for a follow in order to back channel.</p>
<p>It took a mere 10 minutes for them to reply and even that came with an apology for the delay. They were &#8220;in a meeting.&#8221; (Funny I&#8217;d never believe that from most companies but at 9:45 pm it seemed likely for startup.)</p>
<p>Within another couple of minutes I was on the phone with one of their lead engineers <a href="https://twitter.com/#!/jimtla">Jim Grandpre. </a>Jim only had a phone with him, but even then he managed to access his servers and summon the second set of grades.  He explained that something had gone wrong with the cache at their end and that it wasn&#8217;t due to anything I&#8217;d done wrong. (+1 for honest admission of fault).</p>
<p>He then promised that he&#8217;d recover the original grades as well as the feedback notes in the morning and would either enter them for me or send me a file so I could do so myself.</p>
<p>Sure enough, the next morning I had everything back. Including a very clear explanation that no one had access to my grades or notes other than he and his co-founder CTO and in no case would either of them access it without my permission.</p>
<p>OK, so <a href="http://about.americanexpress.com/news/pr/2011/csbar.aspx">American Express</a> comes close to that kind of service when you want them to credit you for a charge you didn&#8217;t incur. And <a href="http://about.zappos.com/our-unique-culture/zappos-core-values/deliver-wow-through-service">Zappos </a>(Mullen client) might take equally good care of you over the phone.</p>
<p>But how many other companies can you think of who are that responsive and then deliver. Not <a href="http://bankofamericasucks.com/">Bank of America,</a> that&#8217;s for sure.</p>
<p>Coursekit&#8217;s product is awesome. I would probably keep using it even without such responsiveness.  But the fact that there is a real human with a name and accountability to solve problems like this makes me loyal forever.  I just hope that they can make their customer concern part of their culture as they grow and prosper.</p>
<p>What startups are you getting service like this from?</p>
<p>&nbsp;</p>
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		<title>SxSW Panel: Harvesting Consumer Intent from the Social Web</title>
		<link>http://edwardboches.com/sxsw-panel-harvesting-consumer-intent-from-the-social-web</link>
		<comments>http://edwardboches.com/sxsw-panel-harvesting-consumer-intent-from-the-social-web#comments</comments>
		<pubDate>Tue, 13 Mar 2012 23:26:46 +0000</pubDate>
		<dc:creator>edward boches</dc:creator>
				<category><![CDATA[Advice]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Social Media]]></category>
		<category><![CDATA[american express]]></category>
		<category><![CDATA[blog software]]></category>
		<category><![CDATA[brand]]></category>
		<category><![CDATA[cheesecake factories]]></category>
		<category><![CDATA[consumer]]></category>
		<category><![CDATA[engage]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[farrah bostic]]></category>
		<category><![CDATA[graph]]></category>
		<category><![CDATA[harvesting]]></category>
		<category><![CDATA[intent]]></category>
		<category><![CDATA[online social networking]]></category>
		<category><![CDATA[paneling]]></category>
		<category><![CDATA[social]]></category>
		<category><![CDATA[social information processing]]></category>
		<category><![CDATA[sxsw]]></category>
		<category><![CDATA[the social]]></category>
		<category><![CDATA[web]]></category>
		<category><![CDATA[web 2.0]]></category>

		<guid isPermaLink="false">http://edwardboches.com/?p=8661</guid>
		<description><![CDATA[Harvesting Consumer Intent from the Social Web View more presentations from edward boches To those of you who made it to our over-subscribed SxSW panel, thanks for showing up, for engaging and for expressing so much support. To those of you who got shut out, please accept our apologies. Apparently SxSW did not anticipate the [...]]]></description>
			<content:encoded><![CDATA[<div id="__ss_11971997" style="width: 510px;">
<p><strong style="display: block; margin: 12px 0 4px;"><a title="Harvesting Consumer Intent from the Social Web" href="http://www.slideshare.net/edwardboches/harvesting-consumer-intent-from-the-social-web" target="_blank">Harvesting Consumer Intent from the Social Web</a></strong> <iframe src="http://www.slideshare.net/slideshow/embed_code/11971997" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" width="510" height="426"></iframe></p>
<div style="padding: 5px 0 12px;">View more <a href="http://www.slideshare.net/" target="_blank">presentations</a> from <a href="http://www.slideshare.net/edwardboches" target="_blank">edward boches</a></div>
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<div>
<p>To those of you who made it to our over-subscribed <a href="http://schedule.sxsw.com/2012/events/event_IAP13648">SxSW panel,</a> thanks for showing up, for engaging and for expressing <a href="https://twitter.com/#!/KimberlyAnneR/status/179432117753753600">so much support.</a> To those of you who got shut out, please accept our apologies. Apparently SxSW did not anticipate the demand for this topic and only gave us room for a few hundred attendees.</p>
<p>I thought I’d share a recap here, as there seems to be no shortage of interest in the interest graph.</p>
<p>We were lucky enough to have Venture Beat’s <a href="http://twitter.com/jolieodell">Jolie O’Dell </a>moderate a group that included Springpad founder <a href="https://twitter.com/jeffjaner">Jeff Janer;</a> Vayner Media founder <a href="http://twitter.com/ajv">AJ Vaynerchuk; </a>strategist <a href="http://twitter.com/farrahbostic">Farrah Bostic,</a> and myself.</p>
<p>Wanting to avoid the pitfall of too many panels – unfocused, rambling conversation &#8212; we actually determined our questions in advance, prepared answers and assigned roles.  We even used an interest graph platform, Springpad, to share and exchange ideas.</p>
<h2><strong>Panel Thesis</strong></h2>
<p>We had point of view that we could all agree on,</p>
<ul>
<li>The interest graph is replacing the social graph as the new frontier.</li>
<li>It offers a better opportunity for brands and marketers to connect and engage with prospects, customers and community.</li>
<li>Learning to engage, add value, and both learn from and market to the data are the ingredients for success</li>
</ul>
<p>We then answered eight questions.</p>
<h2><strong>How is the interest graph (and with it the expression of intent) going to change how both consumers and brands use social media?</strong></h2>
<p>I used a couple of simple examples to answer this. Take my Facebook friend Alison. We share some interests. But if I friend her on Facebook I might find my stream cluttered with updates on shopping trips or cat memes. Those are her interests. However, Alison knows Austin restaurants, business books and social media trends. What if I could follow just those topics? Then Alison would become a true source of knowledge.  And I would have greater flexibility to filter and access the content that matters to me.</p>
<p>For my brand example I used the curious case of American Express. I’ve been a card member for 35 years. Yet on Facebook, they offer me coupons to the Cheesecake Factory and discounts on cruises. Look at my purchase history, American Express! I have never done either of those things. What are you thinking?</p>
<p>If AMEX could tap into my interests, rather than my friends, they would send me useful information on hotels and trips to the cycling capitals of the world. (Note, even after a 60 mile ride I don’t plan to eat cheesecake.)</p>
<h2><strong>What are the platforms and the difference among them?</strong></h2>
<p>We talked about Foursquare’s evolution from check-ins to recommendations, discussed how The Fancy can actually drive purchase, and showed how <a href="http://www.polyvore.com/">Polyvore</a> adds value to online shoppers.</p>
<p>No conversation about the interest graph is complete without a nod to Pinterest, which makes it super easy to collect, curate and post inspirational images, so we gave them a pretty good shout out, too. But what remains missing from all of the platforms but Springpad,* are the enhancements and alerts that help convert interest to action.</p>
<p>There’s more, too. Specialised platforms like Get Glue, along with established players like Facebook, all have something to offer. Right now the field is crowded and getting more crowded, so you have to pay attention not only to what’s hot now but also to what might catch on over the next year.</p>
<h2><strong>Consumers are jumping on platforms like Pinterest, but do marketers yet understand the opportunity?</strong></h2>
<p>Not really. As they tend to do with most new platforms, marketers treat them as another broadcast medium, injecting their content and hoping for traffic. True, brands fit more seamlessly into the interest graph than the social graph. The former is about what we like while the latter is about whom we know.  But based on the brand behavior we see on Pinterest marketers have yet to realize that these new digital playgrounds are ideal for engagement and adding value, not simply showing off our wares.</p>
<p>Interestingly, Mullen’s recent <a href="http://edwardboches.com/wp-content/uploads/2012/03/CMO-Social-Media-Research.pdf">Social CMO Research</a> reveals that only 13.6 percent of marketers capture preferences or interests in their social media efforts. So there is a huge opportunity.</p>
<h2><strong>How can brands and marketers leverage these platforms?</strong></h2>
<p>One of the best lines came from <a href="https://twitter.com/%22%20%5Cl%20%22!/farrahbostic">Farrah Bostic.</a> “If all you do is show, all consumers will do is look.” That’s a suggestion that we need to do more than post products and links. At Mullen, we recommend that clients foster discovery, learn to engage, and leverage the data. I won’t elaborate here as all the bullet points are on slides 30, 31 and 32.  You may want to check them out.</p>
<h2><strong>Are any brands getting it right?</strong></h2>
<p>It’s really too soon to say. We don’t have much to go on. But a quick search of brands on Pinterest shows that very few do anything beyond self-promotion. One shout out goes to San Francisco’s <a href="http://www.modcloth.com/">ModCloth.</a> Willing to share and post far more than their own catalog, they’re inevitably learning what catches on with their community and offering more reasons to return, pay attention and interact with content.</p>
<h2><strong>What could brands be doing?</strong></h2>
<p>A lot more. Why not show your expertise in a subject other than what you sell (Burberry on London, Clif Bar on nutrition, Tommee Tippee on baby care) and become a trusted resource.  One of the clear takeaways from SxSW is that all brands have to move beyond branded content and become content brands, starting conversations, producing entertainment, and earning attention. Interest graph platforms are the ideal place to do that. After all, people aren’t there to see their friends but to explore and act on the things that matter to them.</p>
<h2><strong>What does success look like?</strong></h2>
<p>This is not about likes, followers and RT’s. Most of which mean little or nothing. This is about significant traffic and inbound links. All of which are measurable and can be traced back to your content. It’s about deeper engagement that leads to better understanding of your customers. Imagine being able to market to an individual rather than a segment or demographic. And finally, ultimate success consists of outcomes in the form of purchases and other actions. If you become a trusted source of relevant content, engagement and interaction will certainly yield higher conversion.</p>
<h2><strong>How do brands get started?</strong></h2>
<p>The list is clear. Explore the sites, establish a presence, don’t commit to just one site, learn conversation strategy, measure and track everything, understand the data, create APIs. And something that I’ve learned from all the startups with whom I’ve worked: get to know the product visionaries behind the new services. While they’re still young and small, they’ll be hungry to please, to teach and to co-create with you.</p>
<p>If you have any other thoughts or ideas, please share.  And help yourself to the deck.</p>
<p>* Note that in addition to working at Mullen, I am the CMO at <a href="http://springpadit.com/home/;jsessionid=2C5EF53131D9B9A036A210544809DED6.SPAD_NODE13">Springpad.</a></p>
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		<title>Why SxSW is awesome from the moment you arrive</title>
		<link>http://edwardboches.com/why-sxsw-is-awesome-from-the-moment-you-arrive</link>
		<comments>http://edwardboches.com/why-sxsw-is-awesome-from-the-moment-you-arrive#comments</comments>
		<pubDate>Fri, 09 Mar 2012 18:30:22 +0000</pubDate>
		<dc:creator>edward boches</dc:creator>
				<category><![CDATA[Advertising]]></category>
		<category><![CDATA[Inspiration]]></category>
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		<category><![CDATA[ad agency]]></category>
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		<category><![CDATA[clinical research]]></category>
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		<category><![CDATA[pharmaceutical industry]]></category>
		<category><![CDATA[quality]]></category>
		<category><![CDATA[rain jackets]]></category>
		<category><![CDATA[software companies]]></category>
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		<category><![CDATA[validation]]></category>
		<category><![CDATA[why]]></category>

		<guid isPermaLink="false">http://edwardboches.com/?p=8654</guid>
		<description><![CDATA[It’s not the weather, that’s for sure. It’s 40 degrees and pouring out today. There’s a line for umbrellas and people are paying exorbitant prices for rain jackets in hotel gift shops. Oh well. I’ve been here a day and half so far, and have only started to make my schedule, but have already had [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://edwardboches.com/wp-content/uploads/2012/03/64cd12b06a1311e1989612313815112c_7.jpg"><img class="alignright  wp-image-8655" title="64cd12b06a1311e1989612313815112c_7" src="http://edwardboches.com/wp-content/uploads/2012/03/64cd12b06a1311e1989612313815112c_7.jpg" alt="" width="367" height="367" /></a>It’s not the weather, that’s for sure. It’s 40 degrees and pouring out today. There’s a line for umbrellas and people are paying exorbitant prices for rain jackets in hotel gift shops. Oh well.</p>
<p>I’ve been here a day and half so far, and have only started to make my schedule, but have already had incredible encounters with people I know and others I met for the first time.</p>
<p>It even started on the plane. I don’t think there was a single person on Jet Blue Flight 1263 who wasn’t headed to the nerd convention. In fact most of us knew each other.</p>
<p>I ran into <a href="twitter.com/scottyhendo">Scotty Henderson</a> and got an update on<a href="http://www.newempirebuilders.com/"> New Empire Builders,</a> a collaborative venture to discover the start-ups, non-profits and companies making the world better.</p>
<p>I sat next to a young entrepreneur <a href="http://twitter.com/scottdubois">Scott Dubois,</a> co-founder of <a href="twitter.com/pidalia">Pidalia,</a> a software company disguised as an ad agency because if you make stuff for marketers rather than for IT departments it plays a bigger role in a company’s strategy. Interesting to see all the ways that tech is infiltrating marketing and advertising.</p>
<p>In Austin I caught up with <a href="http://twitter.com/musatariq">Musa Tariq,</a> the global head of <a href="http://us.burberry.com/store/?WT.srch=1">Burberry’s </a>social media initiatives. We talked for a couple of hours about the need for better social metrics and an understanding of how to leverage likes and engagement in more effective ways. Burberry uses the new platforms as well as anyone and has mounds of data as you would expect. Further validation that the interest graph platforms are the future.</p>
<p>Over drinks I had the pleasure of meeting Edelman’s Managing Director of Europe, Middle East and Asia <a href="http://twitter.com/marshallmanson">Marshall Manson. </a>I got a crash course in how social media does and doesn’t work in different countries around the world.</p>
<p>And finally, this morning <a href="http://twitter.com/conradlisco">Conrad Lisco</a> of Co:Collective invited me to join him for breakfast and a rapid fire discussion of new business models, the future of work, and the role technology will play.</p>
<p>I haven’t even been to a panel and I’m smarter than when I got here.  I know more about how to counsel brands and clients on mobile development. I have a more vivid understanding of where analytics has to focus if it&#8217;s to help social marketers make better decisions. I have further validation and also a better perspective as to how the interest graph can help brands segment their communities and emerge as trusted experts. And I have a new insights as to how social media differs from one country to the next.</p>
<p>And to think I only came for the parties.</p>
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		<title>The interest graph and marketing to consumer aspirations</title>
		<link>http://edwardboches.com/the-interest-graph-and-marketing-to-consumer-aspirations</link>
		<comments>http://edwardboches.com/the-interest-graph-and-marketing-to-consumer-aspirations#comments</comments>
		<pubDate>Mon, 05 Mar 2012 16:13:30 +0000</pubDate>
		<dc:creator>edward boches</dc:creator>
				<category><![CDATA[Advice]]></category>
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		<guid isPermaLink="false">http://edwardboches.com/?p=8637</guid>
		<description><![CDATA[“I strongly believe that consumption is less about reflecting who we are&#8211;even though that’s clearly a fundamental dimension of it&#8211;as much as it’s about who we wish to be.” That quote comes from Paul Mullins, a professor at Indiana University-Purdue University and president of the Society for Historical Archaeology.  Professor Mullins new book, The Archaeology [...]]]></description>
			<content:encoded><![CDATA[<blockquote>
<h2>“I strongly believe that consumption is less about reflecting who we are&#8211;even though that’s clearly a fundamental dimension of it&#8211;as much as it’s about who we wish to be.”</h2>
</blockquote>
<p>That quote comes from <a href="http://www.iupui.edu/~anthpm/bio.html">Paul Mullins,</a> a professor at Indiana University-Purdue University and president of the Society for Historical Archaeology.  Professor Mullins new book, <em><a href="http://www.amazon.com/Archaeology-Consumer-Experience-Archaeological-Pespective/dp/0813037506">The Archaeology of Consumer Culture,</a> </em>proposes that the study of remnants from our past may offer us the best insights about who we, as consumers, are today.</p>
<p>In the book, Mullins explores how trends in product purchases – plates and silverware in the late 18<sup>th</sup> century, or expensive running shoes today – reveal over and over that we buy stuff not just for the utility but for the message it sends about us.</p>
<p><a href="http://edwardboches.com/wp-content/uploads/2012/03/Screen-Shot-2012-03-04-at-4.42.37-PM.png"><img class="alignright  wp-image-8638" title="Screen Shot 2012-03-04 at 4.42.37 PM" src="http://edwardboches.com/wp-content/uploads/2012/03/Screen-Shot-2012-03-04-at-4.42.37-PM.png" alt="" width="290" height="429" /></a>While that’s not new – driving a BMW, drinking Heineken, wearing Burberry – all project something about us. But what Mullins argues is that we are sometimes portraying a persona that we’ve yet to realize, instead declaring that it’s who we want to be.</p>
<p>So what does this have to do with marketing, advertising or social media? Quite a bit if you think about it. We have this new phenomenon going on called the interest graph. Pinterest, <a href="http://www.thefancy.com/">The Fancy,</a> Fab, Springpad are all letting us declare our wishes, not necessarily by making a purchase but by displaying how we’d like to be perceived in other ways.</p>
<p>If Mullins is right, and if this same insight informs the kinds of things we see people pin, then there are even more opportunities for marketers. It’s not just about posting content that drives a link, or trying to sell a product or service to someone who has raised her hand. There’s an opportunity for brands to find new ways – content, product, service, imagery, interactions, advice, utility – to actually help consumers and users become what they dream of becoming.</p>
<p>And if a brand can do that, well then, the opportunity for attention, sales and loyalty gets even bigger.</p>
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		<title>Facebook can’t make your social ads more effective</title>
		<link>http://edwardboches.com/facebook-cant-make-your-social-ads-more-effective</link>
		<comments>http://edwardboches.com/facebook-cant-make-your-social-ads-more-effective#comments</comments>
		<pubDate>Sun, 04 Mar 2012 01:20:42 +0000</pubDate>
		<dc:creator>edward boches</dc:creator>
				<category><![CDATA[Advertising]]></category>
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		<description><![CDATA[Facebook’s new advertising strategy and the launch of brand timelines has received no shortage of attention. And deservedly so. The platform is about to reach a billion users and its upcoming IPO could be the largest initial offering ever. Which makes anything Facebook says or does big news. But the timing of the new brand [...]]]></description>
			<content:encoded><![CDATA[<div id="attachment_8624" class="wp-caption alignleft" style="width: 477px"><a href="http://mashable.com/2012/03/01/facebook-timeline-brands-guide/"><img class=" wp-image-8624   " title="Screen Shot 2012-03-03 at 8.11.35 PM" src="http://edwardboches.com/wp-content/uploads/2012/03/Screen-Shot-2012-03-03-at-8.11.35-PM.png" alt="" width="467" height="268" /></a><p class="wp-caption-text">Note the percentage of &quot;talking about this&quot; to &quot;likes.&quot; Even Mashable&#39;s is a mere .03 percent.</p></div>
<p>Facebook’s new advertising strategy and the <a href="http://www.adweek.com/news/technology/new-facebook-pages-shake-social-ad-ecosystem-138674">launch of brand timelines </a>has received no shortage of attention. And deservedly so. The platform is about to reach a billion users and its upcoming IPO could be the largest initial offering ever. Which makes anything Facebook says or does big news.</p>
<p>But the timing of the new brand page announcement to coincide with the upcoming IPO is no coincidence. Obviously Facebook wants to position itself as more relevant than ever to the advertisers who will fuel its future growth.</p>
<p>This appears to be a smart move, as brands need some serious help on Facebook. Despite the fact that most brands have a huge Facebook presence and generate $3.7 billion in annual revenue for the social platform, the dirty little secret is that most people don’t visit brand pages and miss a full 84 percent, at least, of brand posts. Basic math quickly shows that only a tiny percentage of those who’ve acquiesced and granted their coveted like upon a brand pay any attention at all – half a percent of Ford likers pay attention, significantly fewer Old Spice clickers seem to care,  and not even a full one percent of <a href="http://www.facebook.com/nike">Nike fans</a> engage. Why even mega-passion brand<a href="http://www.facebook.com/ladygaga"> Lady Gaga </a>gets just .01 percent of her fans to listen. Likes as currency? Not yet.</p>
<p>The problem of course is that most brands use Facebook the wrong way. They come for the size of the audience more than the social behavior that users exhibit. Marketers show up with old tactics and techniques, posting messages and updates, rather than creating stories that merit attention and embrace the platform for its social qualities.</p>
<p>To its credit, Facebook has worked tirelessly to educate those willing to listen on how to be a social brand, rather than a brand that uses social media. But without much success.</p>
<div id="attachment_8626" class="wp-caption alignleft" style="width: 501px"><a href="http://edwardboches.com/wp-content/uploads/2012/03/Screen-Shot-2012-03-03-at-8.08.00-PM.png"><img class=" wp-image-8626  " title="Screen Shot 2012-03-03 at 8.08.00 PM" src="http://edwardboches.com/wp-content/uploads/2012/03/Screen-Shot-2012-03-03-at-8.08.00-PM-1024x537.png" alt="" width="491" height="258" /></a><p class="wp-caption-text">Conversation strategy remains little understood by most brands</p></div>
<p>Consider some findings from <a href="http://edwardboches.com/wp-content/uploads/2012/03/CMO-Social-Media-Research.pdf">recent research </a>conducted by Mullen. We surveyed 160 CMOs and discovered that the number one metric for success remains likes. Only 34 percent of companies have even developed a conversation strategy. And by far the majority of content created by social media marketers consists of little more than product promotions and offers.</p>
<p>The thinking behind the Facebook changes is that it might get brands to do a better job at telling stories, creating the kind of content that works in the stream, and learning to earn attention engage more effectively, once and for all eschewing the tendency to broadcast content as Facebook were a TV channel.</p>
<p>The question is whether or not the changes alone will get brands to modify their behavior. <a href="http://venturebeat.com/2012/03/03/why-marketers-should-embrace-facebooks-new-timeline-for-brands/">Venture Beat reports</a> that, “Facebook’s changes will do a lot to help marketers shift their thinking about social marketing. In particular, it will help them appreciate the power and the effectiveness of the user’s news feed.”</p>
<p>This will wean marketers from apps, forcing their landing page to be the new timeline. But it won’t guarantee that marketers learn to use the news feed effectively.</p>
<p>The only way that can happen is if advertisers stop thinking like advertisers and learn to think more like users themselves. Sharing stuff that’s useful, interesting and makes a contribution to the conversation. (Can you believe we still have to say stuff like that?)</p>
<p>Success will come from handing Facebook over to people who know how to engage in real time, who understand community, and who start their thinking with their users. Traditional media thinking – buying and audience – and creative – let’s make something shiny and clever – may become less effective.</p>
<p>My colleague Sean Corcoran offered <a href="http://adage.com/article/digitalnext/thriving-facebook-steps-brand/233080/">some useful suggestions </a>in a recent column.</p>
<p>My suggestions are similar with a few additional guidelines.</p>
<p>1. Learn to earn your way into the newsfeed by creating content that starts conversations or inspires participation.</p>
<p>2. It’s not always about a big, clever creative idea, but about the moment and real time conversation.</p>
<p>3. Master the analytics that will help guide you. Determine who among your community matters, learn what content is working, prioritize the results you want to see. Most importantly, think short term and long term.</p>
<p>4. Be present all the time.</p>
<p>5. Put the right people in place; you need a fast-acting, hybrid team comprised of digital strategy, content production, and community management.</p>
<p>6. Don’t assume that Facebook despite its size is always the answer. I personally believe that as the interest graph platforms (Pinterest, Springpad – where I also work – and others) take off and grow their user populations there will be additional platforms that work better for connecting with people who share your brand’s interests.</p>
<p>The bottom line is simple. Facebook can’t make your ads, or your story, more effective. You have to do that.</p>
<p><a href="http://www.buddymedia.com/newsroom/2012/02/facebook-re-launches-its-advertising-platform-puts-pages-at-center/">Facebook changes explained quite well.</a></p>
]]></content:encoded>
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		<title>The interest graph is coming. Eight ways to get ready.</title>
		<link>http://edwardboches.com/the-interest-graph-is-coming-eight-ways-to-get-ready</link>
		<comments>http://edwardboches.com/the-interest-graph-is-coming-eight-ways-to-get-ready#comments</comments>
		<pubDate>Thu, 16 Feb 2012 01:17:58 +0000</pubDate>
		<dc:creator>edward boches</dc:creator>
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		<guid isPermaLink="false">http://edwardboches.com/?p=8543</guid>
		<description><![CDATA[Social networks like Facebook start with your friends and let you see what you have in common.  Interest graph-based models – Springpad, Pinterest, Get Glue – start with your interests and then let you make connections. It’s less about who you know and more about what you care about. If you happen to have your [...]]]></description>
			<content:encoded><![CDATA[<blockquote><p><strong><em>Social networks like Facebook start with your friends and let you see what you have in common.  Interest graph-based models – Springpad, Pinterest, Get Glue – start with your interests and then let you make connections. It’s less about who you know and more about what you care about.</em></strong></p></blockquote>
<div id="attachment_8551" class="wp-caption aligncenter" style="width: 577px"><a href="http://edwardboches.com/wp-content/uploads/2012/02/Screen-Shot-2012-02-15-at-7.35.39-PM.png"><img class=" wp-image-8551 " title="Screen Shot 2012-02-15 at 7.35.39 PM" src="http://edwardboches.com/wp-content/uploads/2012/02/Screen-Shot-2012-02-15-at-7.35.39-PM.png" alt="" width="567" height="294" /></a><p class="wp-caption-text">Platforms attempting to capture and map the interest graph are the next big trend in social media</p></div>
<p>If you happen to have your Google alerts set up to grab the latest blog posts and articles about <a href="http://bits.blogs.nytimes.com/2012/02/07/is-pinterest-already-making-money-quietly/">Pinterest,</a> you’re stream is pretty well populated these days. Add <a href="http://venturebeat.com/2012/01/18/facebook-actions-rollout/">“Facebook Actions”</a> or <a href="http://www.time.com/time/specials/packages/article/0,28804,2044480_2043592_2043658,00.html">“Springpad”</a> or “Svpply” or “Hunch” and it gets even more crowded.  Maybe that’s why I don’t dare add queries for Google’s new privacy changes or developments like YouTube’s original channels. It would be more than anyone could possibly bear.</p>
<p>With each passing week, the social web evolves. Now that we’ve supposedly mastered Facebook and Twitter, we’re confronted with Google + and all the new interest graph platforms mentioned above. Are we ready? Do we know what to do? Do we have a strategy in place?</p>
<p>Recent research that Mullen just conducted suggests not. We surveyed 160 CMOs and marketing chiefs to find out where they stood when it came to using social media, monitoring the stream, developing conversation strategy and having a plan for tapping the interest graph.</p>
<p>We were surprised at some of the results.</p>
<h2><strong>Marketers remain challenged by social media</strong></h2>
<p>While 87 percent of respondents claimed that social media was somewhat or very important to their marketing efforts, most of their efforts remained limited to, or at least focused on Facebook. Nearly 80 percent were committed to the world’s largest social network. But fewer than 20 percent were using Google + and a full 80 percent had no focus at all on a platform like Foursquare.</p>
<p>While ongoing engagement emerged as one primary objective (64.5 percent noted it) marketers declared their number one reason for using social media was to generate awareness (76.8 percent), an objective that beat out both customer support (29.7 percent) and building loyalty (53.5 percent).</p>
<p>Among the more disappointing, but perhaps expected findings was the fact that marketers measure success primarily by how many followers and/or likes they generate (71.6 percent). By comparison, downloads (24.5 percent), share of conversation (25.2) and referrals (35.5) remained far less important. The latter is particularly surprising given the social web’s built in ability to inspire word-of-mouth marketing and the sharing of recommendations.</p>
<p>When it comes to content, marketers continue to think like traditional advertisers. They primarily use social platforms to promote products and offers (67.5 percent) and to deliver updates (64.9 percent). Providing utility (33.1) and offering entertainment (22.7) remain far less important concerns.</p>
<p>Despite the flurry of press coverage on the emerging importance of the interest graph, nearly half or respondents (48.7 percent) never heard of the term “interest graph,” and when they had it explained – <em>the ability to connect with consumers in a more meaningful way by tapping into their interests – </em>only 26.6 percent thought it could be “very useful.”</p>
<p>As for all that buzz around <a href="http://pinterest.com/">Pinterest,</a> a platform generating page views, user growth and inbound links for the early adopter brands? Close to half of our respondents (42.2 percent) never even heard of it, while barely a sliver (4.5 percent) had started using it.</p>
<p>Perhaps that’s no surprise given that 68.8 percent of marketers surveyed capture no interest graph data at all &#8212; not preferences, interests, or intentions.</p>
<p>Finally, while brand stewards aren’t quite overwhelmed with the proliferation of platforms, they (44.2 percent) struggle with one fundamental challenge – where to put their resources.</p>
<div id="attachment_8557" class="wp-caption aligncenter" style="width: 568px"><a href="http://edwardboches.com/wp-content/uploads/2012/02/Interest-Graph-Grid-2.png"><img class=" wp-image-8557 " title="Interest Graph Grid 2" src="http://edwardboches.com/wp-content/uploads/2012/02/Interest-Graph-Grid-2.png" alt="" width="558" height="315" /></a><p class="wp-caption-text">According to a recent Mullen study, most marketers don&#39;t capture interest data</p></div>
<h2><strong>From the social graph to the interest graph</strong></h2>
<p>The last finding surprises no one. Getting social media efforts to deliver hard results and ROI is a challenge for the simple reason that most consumers aren’t there to connect with brands and their advertising messages.</p>
<p>But the interest graph platforms can change that. If marketers can suddenly identify people who’ve raised their hands and virtually asked for a “proposal,” they can more easily connect with people who’ll welcome them.</p>
<p>Every social network knows this is the future. Facebook Actions now allows users to tap into and identify friends’ interests &#8212; music, tastes in foods and preferences for movies, books and more. Presumably, if you actually know what friends have good taste in music it will now be easier to call on their recommendations. Actions aren’t perfect, however.</p>
<p>You still have to scroll through the stream and most content isn’t really persistent, meaning if you miss it in the stream it’s gone. It still poses challenges for marketers, too.  Check out your own page and refresh it a few times. I guarantee that you’ll find the majority of ads that get served to you are completely irrelevant.  But the promise is significant. Facebook will inevitably get better at capturing even more data and presumably allow advertisers to more accurately focus messages.</p>
<p>Foursquare, which our research told us is barely on the radar for most marketers will start <a href="http://www.portfolio.com/views/blogs/the-tech-observer/2011/12/07/foursquare-hints-that-it-looks-to-leverage-growing-data-expand-recommendation-applications/">making recommendations</a> to its users on where to eat and where to vacation based on past behavior and that of friends. Certainly any hospitality marketer – restaurants, chains, museums and hotels – should at least be exploring the possibilities, if not encouraging user participation.</p>
<p>But all of this is still new. The social graph as we know it is only a few years old while the interest graph has been a topic of discussion for a matter of months. So what does it all mean? For brands, it’s definitely not too late to be early. Marketers can still get in on the ground level. But they need to embrace it and work to leverage it.</p>
<p>For social media practitioners, there’s work to be done. We need to learn, educate each other, experiment and develop effective strategies and tactics.</p>
<h3><strong>Eight steps you can take to get ready</strong></h3>
<p>&nbsp;</p>
<ol>
<li><span style="color: #363636;"><em>Learn the difference between the social graph and the interest graph.  This simple description, by David Rogers writing in <a href="http://www.readwriteweb.com/archives/the_future_of_the_social_web_social_graphs_vs_interest_graphs.php"><span style="color: #363636;">Read Write Web</span> </a>might help.*</em></span></li>
<li><span style="color: #363636;"><em>Read <a href="http://www.amazon.com/Grouped-groups-friends-influence-social/dp/0321804112"><span style="color: #363636;">Grouped</span> </a>and get a better sense of how influence happens on the social web. The Tipping Point is a fallacy. Influence isn’t what you think it is. Small groups are what really matter.</em></span></li>
<li><span style="color: #363636;"><em>Open accounts on at least a few of the platforms. We would recommend Pinterest, <a href="http://springpadit.com/home/"><span style="color: #363636;">Springpad**,</span></a> and one other of your choice (The Fancy, Fab, Hunch) just to learn what it’s all about. Don’t commit to any one platform. Pinterest may be hot right now, but it’s too early to own this category and some consider the platform of the month a bit one dimensional.</em></span></li>
<li><span style="color: #363636;"><em>Take the time to learn what constitutes appropriate and effective conversation strategy on these new platforms. (Hint: it’s not simply about publishing content or adding a Spring This or Pin It button to your site.)</em></span></li>
<li><span style="color: #363636;"><em>Pay attention to Google’s new privacy policy and as mentioned earlier Facebook Actions.</em></span></li>
<li><span style="color: #363636;"><em>Look for opportunities to market to the data. We’re a few months or more away from this, but it’s coming.</em></span></li>
<li><span style="color: #363636;"><em>Use the platforms yourself. There is no better way to learn and understand their potential.</em></span></li>
<li><span style="color: #363636;"><em>If you’re at SxSW this year, <a href="http://schedule.sxsw.com/2012/events/event_IAP13648"><span style="color: #363636;">come to our panel</span> </a>on the interest graph and deferred intent.</em></span></li>
</ol>
<p><span style="color: #363636;"><em><strong>*The Social Grap</strong><strong>h</strong></em></span></p>
<p>A social graph is a digital map that says, &#8220;This is who I know.&#8221; It may reflect people who the user knows in various ways: as family members, work colleagues, peers met at a conference, high school classmates, fellow cycling club members, friend of a friend, etc. Social graphs are mostly created on social networking sites like Facebook and LinkedIn, where users send reciprocal invites to those they know, in order to map out and maintain their social ties.</p>
<p><strong>*The Interest Graph</strong></p>
<p>An interest graph is a digital map that says, &#8220;This is what I like.&#8221; As Twitter&#8217;s CEO has remarked, if you see that I follow the San Francisco Giants on Twitter, that doesn&#8217;t tell you if I know the team&#8217;s players, but it does tell you a lot about my interest in baseball. Interest graphs are generated by the feeds customers follow (e.g. on Twitter), products they buy (e.g. on Amazon), ratings they create (e.g. on Netflix), searches they run (e.g. on Google), or questions they answer about their tastes (e.g. on services like Hunch).</p>
<p>Your thoughts? Please share ideas, examples or insights as to where you think things are going.</p>
<p><em>**Note: In addition to my role as Mullen&#8217;s chief innovation officer, I also work as Springpad&#8217;s chief marketing officer. </em></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Can advertising really help Bank of America?</title>
		<link>http://edwardboches.com/can-advertising-really-help-bank-of-america</link>
		<comments>http://edwardboches.com/can-advertising-really-help-bank-of-america#comments</comments>
		<pubDate>Sun, 15 Jan 2012 20:35:50 +0000</pubDate>
		<dc:creator>edward boches</dc:creator>
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		<description><![CDATA[The bank we love to hate is looking for a new advertising agency. While still the second largest bank in America – JP Morgan recently snuck past BofA in assets, $2.289 trillion to $2.219 trillion – Bank of America’s stock – both on Wall Street and on Main Street has plummeted. It’s share price toppled [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://edwardboches.com/wp-content/uploads/2012/01/2310fillmore_300px-2.jpeg"><img class="alignleft size-full wp-image-8382" title="2310fillmore_300px-2" src="http://edwardboches.com/wp-content/uploads/2012/01/2310fillmore_300px-2.jpeg" alt="Bank of America's San Francisco ATMs get a cosmetic makeover" width="300" height="346" /></a>The bank we love to hate is looking for a <a href="http://mediadecoder.blogs.nytimes.com/2012/01/11/bank-of-america-puts-its-advertising-account-in-review/">new advertising agency.</a> While still the second largest bank in America – JP Morgan recently snuck past BofA in assets, $2.289 trillion to $2.219 trillion – Bank of America’s stock – both on Wall Street and on Main Street has plummeted. It’s share price toppled by more than half in 2011 and its public opinion fell even more sharply.</p>
<p>In fact it’s hard to find much positive sentiment anywhere. The <a href="http://www.theblaze.com/stories/95-arrested-after-trying-to-occupy-a-san-fran-bank-give-us-back-what-you-stole/">Occupy Wall Street</a> movement targeted the financial giant at every opportunity. A <a href="http://www.huffingtonpost.com/2011/10/06/bank-of-america-brad-miller_n_998192.html"> congressman</a> from the bank’s home state of North Carolina went after them for greed and abuse. Consumers pummeled them with complaints after the bank announced an ill-advised $5.00 fee for debit card use, a decision from which they quickly <a href="http://www.nytimes.com/2011/11/02/business/bank-of-america-drops-plan-for-debit-card-fee.html">backed down.</a> And just this past Friday, the <a href="http://ran.org/bank-america">Rainforest Action Network</a> (RAN) turned Bank of America’s San Francisco ATMs into <a href="http://mobile.sfist.com/2012/01/13/activists_turn_bank_of_america_atms.php">“truth machines,”</a> covering them with non-adhesive stickers that offered customers a slightly different option menu. ATM visitors could invest in coal-fired power plants, foreclose on American homes, bankroll climate change, or fund executive bonuses. Pretty funny and clever stuff if you ask me.</p>
<p>Anyway, call me too modern in my thinking, but I’m not sure an ad campaign will solve much of this. No doubt we’ll see executions that pat the bank on its back for funding inner city growth, helping send kids to college, providing entrepreneurs with money to launch new businesses and practicing corporate philanthropy with efforts that include <a href="http://museums.bankofamerica.com/">free admission</a> to hundreds of museums.</p>
<p>Such messages might make management and employees feel better, but they’ll ring rather hollow to consumers. Ads will feel contrived, controlled and anything but transparent. Accomplishing the latter is likely to be particularly difficult, given the bank sought to achieve more openness with its<a href="http://www.mybanktracker.com/bank-news/2009/11/02/bank-of-americas-new-ad-campaign-promotes-banking-transparency/"> last big campaign </a>effort. And look where they are now.</p>
<blockquote><p>Bank of America is trying to do away with this closed image of banking with its new, $40 million ad campaign that attempts to portray the Bank as more open and transparent.<em> From MyBankTracker, 2009</em></p></blockquote>
<p>A recent glance at Bank of America’s <a href="https://twitter.com/#%21/BofA_News/following">Twitter news feed</a> shows an abundance of self-promotional updates, but not a single acknowledgement of recent image problems. I figured for sure there would have at least been a “touché,” tweet to RAN. Even a beleaguered bank needs a sense of humor once in a while.</p>
<p>The suits in Charlotte need more than a new ad agency and a $300 million ad campaign. They need a new mindset for how to solve their marketing and image problems. The “us and them” strategies that yield fee hikes rather than collaborative programs have to go. The bank should “design” its way toward good will and trust, starting with a new way to engage and a better connection with its detractors. I might even do something really radical and invite someone from RAN or Occupy to join the board. Or at least an advisory committee.</p>
<p>It will probably take years and multiple behavioral changes for BoA to <em>prove </em>themselves. You only have to read Bill Bernbach to know that peppering us with paid media to tell us how great they are, or even to celebrate the accomplishments and spirit of their customers, won’t change public opinion.</p>
<p>What do you think? Thoughts on what the banking giant should do? Should I make this an assignment for my <a href="http://coursekit.com/app#course/tbd.boches/info">class at Boston University?</a> Is it possible to strategically and creatively  turn Bank of America into good guys?</p>
<p>&nbsp;</p>
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		<title>Social media gets interesting</title>
		<link>http://edwardboches.com/social-media-gets-interesting</link>
		<comments>http://edwardboches.com/social-media-gets-interesting#comments</comments>
		<pubDate>Thu, 05 Jan 2012 02:26:43 +0000</pubDate>
		<dc:creator>edward boches</dc:creator>
				<category><![CDATA[Advertising]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Social Media]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[communication]]></category>
		<category><![CDATA[communication design]]></category>
		<category><![CDATA[computing]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[gets]]></category>
		<category><![CDATA[goldman sachs]]></category>
		<category><![CDATA[google]]></category>
		<category><![CDATA[google search]]></category>
		<category><![CDATA[graph]]></category>
		<category><![CDATA[graphic design]]></category>
		<category><![CDATA[harley davidson]]></category>
		<category><![CDATA[marketer]]></category>
		<category><![CDATA[online social networking]]></category>
		<category><![CDATA[san francisco]]></category>
		<category><![CDATA[social]]></category>
		<category><![CDATA[social information processing]]></category>
		<category><![CDATA[springpad]]></category>
		<category><![CDATA[world wide web]]></category>

		<guid isPermaLink="false">http://edwardboches.com/?p=8356</guid>
		<description><![CDATA[What everyone in Silicon Valley and “Venture Land” conceive of as the real game-changing model involves capturing and capitalizing on the “interest graph. The company that succeeds in doing so would be “close to the Google search paradigm because it would be right in line with demand generation and with discovery that relates to product [...]]]></description>
			<content:encoded><![CDATA[<blockquote><p><em>What everyone in Silicon Valley and “Venture Land” conceive of as the real game-changing model involves capturing and capitalizing on the “interest graph. The company that succeeds in doing so would be “close to the Google search paradigm because it would be right in line with demand generation and with discovery that relates to product purposes.” Thus, it is the interest graph that defines the middle ground between Google and Facebook — between search, advertising, and the social graph.</em></p></blockquote>
<p>The above paragraph comes from a year-old post in <a href="http://techcrunch.com/2011/02/17/levchin-and-gurley-say-that-next-big-company-will-capture-the-interest-graph/">Tech Crunch,</a> following last winter’s Goldman Sachs Technology and Internet Conference in San Francisco.  It was a prescient sentiment for sure.</p>
<p>Just look at the current landscape. The new emerging social platforms are less about the social graph and all about the interest graph. Pinterest, <a href="http://springpadit.com/home">Springpad,</a> Svpply. We’re seeing an evolution from people centric social media (<em>who I am connected with</em>) to interest centric social media (<em>what I care about, want to buy, hope to do.</em>) Users are jumping on platforms like these and others in part because they make it so easy to express one’s self by posting stuff you like or find interesting.  Add in the fun of discovery and the rewards of sharing and it’s likely we’ll see accelerated user growth.</p>
<div id="attachment_8357" class="wp-caption alignright" style="width: 434px"><a href="http://edwardboches.com/wp-content/uploads/2012/01/Screen-Shot-2012-01-04-at-9.05.36-PM.png"><img class=" wp-image-8357 " title="Screen Shot 2012-01-04 at 9.05.36 PM" src="http://edwardboches.com/wp-content/uploads/2012/01/Screen-Shot-2012-01-04-at-9.05.36-PM.png" alt="" width="424" height="213" /></a><p class="wp-caption-text">Springpad lets me discover and save stuff I want then finds me the best prices on the web.</p></div>
<p>For brand and marketers, this is good news. It’s a lot more lucrative to tap into intent and desire than it is to try and penetrate communities where you’re uninvited. Even the best conversation strategists can’t necessarily turn engagement into sales. And it’s become pretty apparent that collecting likes on Facebook will never be the Holy Grail.  Just go to any Facebook brand page and take a look at the metric revealed by dividing fans <em>“talking about this,”</em> by those who <em>“like this.”</em>  The percentages are typically pretty low.  For <a href="http://www.facebook.com/harley-davidson">Harley Davidson </a>half of one percent of fans are paying attention while Old Spice’s number is only slightly higher.</p>
<p>In <a href="http://www.youtube.com/watch?feature=player_embedded&amp;v=bm6b6z0muhE">a recent video</a> Gary Vaynerchuk asks an interesting question. “What’s the Dunbar number for brands?” He notes that most consumers have liked so many brands they don’t even remember which ones. As marketers should know, fans rarely visit a brand’s Facebook page and unless they engage on a regular basis they won’t see brand updates in their stream either.  How many brands can we actually have social relationships with? Ten? Twenty? Certainly fewer than the number of people we engage with.</p>
<p>But we can like or want dozens of products and places. Books we want to read, movies we plan to rent, places we hope to visit, restaurants we know we’ll eat at. Offer that up to a marketer and it’s gold. It’s also likely that the right kind of message or alert or incentive to act, served up in a tasteful and polite manner, will be more than welcome.</p>
<p>Expect to see some pretty interesting (no pun intended) developments in 2012. <a href="http://pinterest.com/edwardboches/">Pinterest</a> may have great momentum, effortlessly converting consumers’ interests into inbound links for the benefitting brand, but there’s more compelling stuff on the horizon. <a href="http://springpadit.com/edwardboches/notebook/greatmarketingadvertisingbooks">Springpad, </a>a company whose board I serve on, goes beyond interest to identifying deferred intent, then delivering relevant alerts and information that convert interest to action. That&#8217;s a benefit for both a user and the brand whose product or service fulfills an obvious desire. Springpad has a slew of significant enhancements coming in February that will make it even more productive and incredibly social.</p>
<p>No doubt there will be others, too. I recently met a new startup called <a href="http://aditive.com/">Aditive </a>that offers yet another way to tap into intent. By making online ads social and shareable Aditive encourages readers to share offers with friends who they know might like the product or promotion being offered.  When executed right, this simple tactic multiples click-through and effectiveness by a factor of 10 because it’s allowing consumers to identify interests that their friends might have.</p>
<p>In March, I’m on <a href="http://panelpicker.sxsw.com/ideas/view/13648">a panel at SxSW</a> to talk about deferred intent and the brand opportunities inherent in social media as the interest graph evolves. Between now and then I’ll probably return to the topic a few times.  Until then, I’d love to hear your thoughts, ideas and, of course, your interests.</p>
<p>Thanks for reading.</p>
<p>Other links:</p>
<p>Storify:  <a href="http://storify.com/edwardboches/deferred-intent">The Interest Graph</a></p>
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		<title>Relationships versus ideas</title>
		<link>http://edwardboches.com/relationships-versus-idea</link>
		<comments>http://edwardboches.com/relationships-versus-idea#comments</comments>
		<pubDate>Thu, 08 Dec 2011 20:08:10 +0000</pubDate>
		<dc:creator>edward boches</dc:creator>
				<category><![CDATA[Advertising]]></category>
		<category><![CDATA[Crowdsourcing]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[ad agency]]></category>
		<category><![CDATA[advertising agency]]></category>
		<category><![CDATA[agency]]></category>
		<category><![CDATA[behavioural sciences]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[challenge]]></category>
		<category><![CDATA[client]]></category>
		<category><![CDATA[client relationship]]></category>
		<category><![CDATA[ideas]]></category>
		<category><![CDATA[ideasicle]]></category>
		<category><![CDATA[jet blue]]></category>
		<category><![CDATA[modeling]]></category>
		<category><![CDATA[outsourcing]]></category>
		<category><![CDATA[relationship]]></category>
		<category><![CDATA[relationships]]></category>
		<category><![CDATA[social information processing]]></category>
		<category><![CDATA[social psychology]]></category>
		<category><![CDATA[spoiling]]></category>
		<category><![CDATA[versus]]></category>
		<category><![CDATA[victor]]></category>

		<guid isPermaLink="false">http://edwardboches.com/?p=8229</guid>
		<description><![CDATA[Most successful ad agencies have been built around a combination of the two:  relationships and ideas. The former yields the kind of partnership that lets a brand team totally immerse itself in a client’s business, work as a partner rather than a supplier and take a vested interest in the success of the business. That’s [...]]]></description>
			<content:encoded><![CDATA[<div id="attachment_8231" class="wp-caption alignright" style="width: 439px"><a href="http://edwardboches.com/wp-content/uploads/2011/12/Screen-Shot-2011-12-08-at-2.40.18-PM.png"><img class="size-full wp-image-8231 " title="Screen Shot 2011-12-08 at 2.40.18 PM" src="http://edwardboches.com/wp-content/uploads/2011/12/Screen-Shot-2011-12-08-at-2.40.18-PM.png" alt="" width="429" height="265" /></a><p class="wp-caption-text">A recent Twitter exchange between John Winsor of V&amp;S and Marty St. George of Mullen client, Jet Blue</p></div>
<p>Most successful ad agencies have been built around a combination of the two:  <a href="http://edwardboches.com/forrester-weighs-in-on-the-agency-client-relationship">relationships</a> and <a href="http://www.adweek.com/news/advertising-branding/whats-market-price-great-idea-102933">ideas. </a>The former yields the kind of partnership that lets a brand team totally immerse itself in a client’s business, work as a partner rather than a supplier and take a vested interest in the success of the business.</p>
<p>That’s not to say that relationships are more important than ideas. After all, it’s the latter that goes into the market, attracting attention, generating buzz, driving results. No one gets famous from a relationship; it’s the ideas that make you immortal.</p>
<p>But you could argue that relationships contribute to great ideas in a big way. A strong relationship results in trust, which invites braver thinking. It yields a partnership that encourages client and agency to work through challenges and problems together. And it motivates creative teams to work even harder than they already do. We all want to please a client who appreciates what we do for them.</p>
<p>But if <a href="http://twitter.com/willoburns">Will Burns,</a> the founder of Ideasicle, is right, the relationship side of things just might be diminishing in value. In Will’s words, many clients care less about relationships and more about getting an idea faster, cheaper and more efficiently. He should know, having held senior account and new business roles at agencies that include Wieden, Goodby, Arnold and Mullen.</p>
<p>In response to that “trend,” Will created <a href="http://ideasicle.com/Ideasicle_Site/Ideasicle.html">Ideasicle,</a> an expert-sourcing agency.  Similar to the crowdsourcing model of <a href="https://www.victorsandspoils.com/">Victors &amp; Spoils,</a> which also posts briefs to a vetted community of creatives, Ideasicle calls on an even smaller stable of hand-picked, experienced, award-winning creatives who have joined as <a href="http://ideasicle.com/Ideasicle_Site/The_Experts.html">“experts.”</a> All of them have worked with Will in one of his previous positions, so he has a good sense of how to match them with assignments.</p>
<p>When Ideasicle secures an assignment – sometimes from an ad agency needing to augment and internal effort, but more often from a brand advertiser looking for fast, affordable access to top talent – it posts the news to members of the Ideasicle community. Those who are available agree to work on short notice as a swat team. They collaborate with each other online &#8212; conceiving ideas, revising them, making each other’s concepts better – but stay invisible and anonymous to clients. Hired guns, they work for the joy of creating and the guaranteed payday.</p>
<div id="attachment_8235" class="wp-caption alignleft" style="width: 268px"><a href="http://edwardboches.com/wp-content/uploads/2011/12/157081_181931441832352_114418305250333_604730_575456_n.jpeg"><img class="size-full wp-image-8235  " title="157081_181931441832352_114418305250333_604730_575456_n" src="http://edwardboches.com/wp-content/uploads/2011/12/157081_181931441832352_114418305250333_604730_575456_n.jpeg" alt="" width="258" height="259" /></a><p class="wp-caption-text">Ideasicle offers clients what it calls &quot;expert sourcing.&quot;</p></div>
<p>Knowing my interest in <a href="http://www.youtube.com/watch?v=NEf29VB6_C4">crowdsourcing</a> and new models, Will showed me a quick peek behind the curtain. The talent is impressive. And despite their anonymity, more and more clients are embracing the model, caring not who works on their business but rather what comes out of the process.</p>
<p>Like Victors &amp; Spoils, which has generate impressive PR and clients – Harley Davidson, Levis’, Virgin America, General Mills, Discovery Channel – Ideasicle is challenging the traditional models as being inefficient and over-priced.</p>
<p>I’m not saying I agree totally with that sentiment. In a world where the only real trend that matters is hyper-connectivity, you could make an argument that brands need a deep relationship with an agency  like the one I work for, where a dedicated hyper-bundled team can deliver creative, paid media, earned media, mobile and digital all working together to produce coherent brand experiences that consider everything from context to culture.</p>
<p>But it’s also likely that the new models, anxious to prove the maxim that abundance breaks more things than scarcity, are to be taken seriously. Perhaps we should embrace aspects of what they do ourselves, finding ways to source ideas from more people and places and deliver them even more quickly and efficiently.</p>
<p>What do you think?</p>
<p>&nbsp;</p>
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