Friday, September 23, 2011

Tech companies and “the service problem”


Over the past few weeks I have had occasion to talk with a number of digital leaders who lamented the experience of working with tech start-ups. I want to start by saying that these critics are not people who don’t appreciate innovation – to the person, they love it – but at the same time they find it difficult or off-putting to deal with the companies that are driving the change in the industry.
Versus our experience with the media companies we deal with on a more regular basis, service from tech firms generally doesn’t stack up. Our core complaint is that the tech company is there when an IO needs to be processed, but impossible to reach when you want to talk about business issues or address issues in a program that is running.

While sales people tend to be thinner on the ground for tech firms than media companies, that doesn’t excuse bad service. The ironic thing is that while media companies are desperate to hear more about business issues – to be treated as partners – tech companies tend not to be. Not always, but frequently.

So why aren’t tech firms as responsive? First, I think we need to recognize that the tech world values TECH, not service. VCs are primarily concerned with the quality of the tech team, thinking that for the right product other disciplines can be backfilled in. Not an excuse, but a fact just the same.

Second, most consumer facing tech solutions were devised to meet consumer needs, not advertiser needs. We all know that most media-rooted properties – magazines for instance – exist because advertisers want access to an audience AND consumers want information. So media companies tend to be more flexible about providing more and more intrusive ways to reach out to readers. Contrast that with a service like Twitter. I will wager that virtually no attention was paid to advertiser needs when that product was first conceived. The result is a service that is highly appealing for consumers but harder for brands to get their heads around.

Third, media company models and service structures were conceived in an era of information scarcity – where producing, say, the best shelter magazine meant consumers got exponentially more “with you” than “without you.” Scarcity meant more revenue, and that they could afford to pay for more service providers. By contrast, au courant tech companies are developed in an era of consumer control – where that shelter content competes with thousands or tens of thousands of other “fish in the sea,” and the vast majority of those “fish” offer up their content for free. It is only natural, then, that those companies place more emphasis on ensuring that they deliver what consumers want rather than what advertisers want.

Fourth, great service for advertisers tends to focus on qualitative factors, custom offerings, and high touch experiences. Those are not the core strengths of tech companies. I think of it like this. That tech CEO is trying to change the world, not change the way I feel about anti-perspirant stains on fabric. Not an excuse for bad service, but something to consider as we ponder what we can realistically expect to get from them in terms of service.

Finally, they really haven’t had to care about us until recently. Put yourself in their shoes for a sec. If your sole source of revenue is a VC, and the VC vales tech leadership over everything else, what incentive would you have to build out a partner services org? But as those VCs shift to wanting tech companies to start generating revenue more quickly, the companies themselves need to find ways of satisfying the very people that make that possible. In addition to their consumer users.

In a market driven economy, money talks, and if a tech company wants $500K of your budget, you have the right to expect them to treat you right, answer your calls and messages, listen to your needs and go back and see if they can address them. If they don’t do those things, they shouldn’t get your money.  

There is no excuse for bad service. But it might be useful to give a well meaning team the benefit of the doubt if they really are in the process of changing the world. In many cases, these teams are filled with people who must make up their service strategies as they go along, and it is possible that you could forge a great relationship with a great company in the process of helping them better help you.

But marketers absolutely have the right to expect service to improve over time. In my view, dealing with a few growing pains along the way is acceptable if the tech company really is transformational in nature. But persistent crappy service isn’t acceptable. And even the largest transformational tech companies need to remember that just as consumers have thousands of choices online, so too do marketers.

Start-Up Watch COD: Wingsplay Rewards Influentials for Distributing Your Vids


Viral distribution has always been one of the Holy Grails of digital. The idea of people seeking out your marketing messages and then distributing them for you – at no cost – has activated the salivary glands of many a brand leader.
But for most brands, it shares another characteristic with the Holy Grail: elusiveness. Many brands have tried to create “viral” programs, and very few have succeeded.
Part of it is our own fault. We fail to recognize that our ham fisted marketing messages aren’t the sorts of things that people care about or want to share. But there’s another thing. Some brands jump the hurdle of relevance and make content that people would share if they knew about it. But those same brands often fail because the would be spreaders never see their content.
Enter Wingsplay. What this company does is offer a platform through which you can work with influential people in social media to distribute your videos on a cost per view basis. Instead of paying a publisher to drive plays, you reward influential voices online through Wingsplay.
So let’s start with the first question on your minds. Is it “OK” to reward people to distribute messages in social media? A couple of years ago there were some shady businesses driving blog posts about brands without disclosing the compensation they were providing. This ain’t like that. Rather, I’d liken it to paying a celeb to drink your Pepsi or use your basketball shoes.
Says Wingsplay Founder Olivier Lasry,
As celebrities are paid to lend their name and image to campaigns, Wingsplay rewards influential social media users to share the most entertaining viral ads. But this democratization of endorsement goes way further: contrary to working with big celebrities, influential social media users have strong ties to their social connections and 2-way conversations with these friends, fans and followers. They consequently generate much more engagement and visibility,
Online content is more likely to be played and interacted with when it has been posted by a friend versus a celebrity simply because the former values their comments and interactions much more than the latter.
Wingsplay also ensures that every post made as a result of the platform transparently communicates its sponsored nature. That ensures you live up to the letter – and the spirit – of the FTC regulations.
Not just anybody is flogging your videos. It’s not like that at all. Rather, you choose your target audience, and then set a CPV for the program. Then, those that LIKE YOUR CONTENT and are interested in your program distribute your video to people with a high degree of likelihood to be in your target audience. They are then compensated based upon the plays they drive. Obviously, programs that offer a higher bounty are going to attract more influencer attention, but in my view most of these influencers will ultimately select content they like best. But a healthy CPV wouldn’t hoit!
I like this approach. I am a huge believer in the need to seed video distribution. While we may think or hope that millions of people are constantly scanning the web looking for messages, the reality is that there is so much content out there that even the best stuff sometimes dies on the vine. I constantly find good content online that never really went anywhere because you had to really be digging around to find it. And most people aren’t spending time online doing that.
With a service like Wingsplay, you get passed the initial awareness problem so that your ideas are seen by thousands – maybe even millions. Additionally, you get to target the sorts of people who you want to expose to your video. Where it goes from there, of course, is up to the quality of the creative idea and the content itself.

Start-Up Watch COD: Doat remakes the mobile search experience


Most people agree that the most useful and pleasant mobile experiences occur in apps, not on  mobile-appropriate web pages. Apps have been the key to iPhone’s ascendance on domination in smart phones, and they have also propelled Android ahead of venerable competitors like Blackberry and Nokia’s Symbian. More apps means more market share, broadly speaking. Few or no apps = death in today’s smart phone environment.
But Mobile Search was singularly focused on finding the best content on web pages. At least it was until now.
Doat (say Doh-At) is an Israel- and San Francisco-based start-up focused on transforming mobile search by querying and providing results from apps rather than the web. When you search for a term in Do@, what you get in response is a sort of visual menu of app screen shots housing content appropriate to your request.
So what does that mean?
 If you want information or the trailer on Hangover 2, an ordinary mobile search result might refer you to the web site, which may or may not have a mobile version. With Doat, you get screen shots of the IMDB , Flixster, and other theatrically oriented apps. Tapping a particular result takes you to a version of the app delivered in HTML 5, essentially a web page but with the appearance and functionality of an app. This “page” simulates the functionality of the fully functioning app, and enables you to experience all of its benefits.
Here’s the vid:
Because app viewing experiences are designed for the small screen, there is a high degree of likelihood that your overall experience as well as info access will be better through an app. Additionally, because the user does not actually have to download the app before they review the content, Doat actually offers a powerful trial mechanism for app developers anxious to get more users, and for users to try before they buy
Because so much mobile search has a local component, Doat takes your location into consideration when you make your query. So, for instance, if you are looking for a restaurant recommendation nearby, the app will connect you to location-focused results in the Yelp app and the like.
I think this is a big deal for digital and for brands. For digital, it is, perhaps, a really positive harbinger of  a broader revolution in mobile user experience. I believe the figures are that mobile web access will surpass PC web access in about 2013 in the US – it already has in several Asian countries. But in order for Mobile Internet to deliver on its promise, basic connected utilities need to evolve experientially to be OPTIMIZED for the handset. Since Search is arguably the most ubiquitous such utility, Doat is an important step in the mobile transformation of the web.
From a marketing standpoint, the app-centric nature of Doat may be a reason for many marketers to rethink their mobile advertising and marketing strategies, opting for a greater presence in the world of apps. While it is too soon to tell how much app usage will come from Doat or its future imitators, it is plain that we’ll need to take a serious look at those figures as they materialize.
Doat has made its debut as an iPhone app, and is available for free in the App Store.

Start-Up Watch COD: Media6Degrees Drives Strong Results By Applying an “Act-Alike” Social Science Principle to Targeting


I gravitate to companies that take a different approach or direction in digital media.
Because there are now so many companies doing more or less the same things with the same data points and the same units, many of us are skeptical about competing claims in the same industry categories. Raise your hand if you find the claims of reach, quality, and transparency a little tiresome when spouted by ad networks. Nuff said.
So I like different, and because of that I have liked Media6Degrees from the first time I heard about them. Media6Degrees was founded upon the social science principle that people with similar interests tend to cluster into groups that share brand affinities and purchase patterns. They use a four stage process to deliver results.
  1. Identify:  The company begins an engagement with a client by cookie-ing visitors to client web sites, taking one or two weeks to collect enough data points to build a seed population for a campaign.
  2. Match: They identify the clustering behavior of your site visitors on the web, and match potential prospects (usually in the tens of millions of people) to deliver scale.
  3. Execute:  They deliver media to those matches through exchange based buying:.
  4. Refine: They adjust the model based upon new learnings and refinement
So imagine you visit a brand web site and then go on your merry way, doing the things you like to do online. Like visiting blogs about quarter horses, sending e-greetings, checking the A’s scores, lurking in eBay auctions for beanie babies, taking a ten-minute break looking at paparazzi photos of celeb cellulite, flipping over to Facebook to leave a status update about how busy and overworked you are, and so on.
Your set of activities is compared to those of tens of millions of others. Individuals that demonstrate similar web consumption patterns are identified as having a high degree of likelihood of having similar interests. People who behave like you start seeing banners and videos for the product. And over time, the set of people seeing the banners and videos is refined to drive better metrics and scale.
Media6Degrees isn’t collecting user interest data, or leveraging 3rd party interest data. They actually DON’T CARE that you like cellulite photos and quarter horses. As with all reputable networks, individual identities are anonymized. But Media6Degrees offers two additional layers of anonymity – they don’t try to record your interests or bucket the types of content you visit.
You aren’t classified into some sort of “horses and corsets” psychographic to them. They don’t even focus on your demographics. What a person is – is someone with similar interests as certain other people, ergo more likely to have interest in the brands that those other people buy.
In this way Media6Degrees identifies the “Social Signature” of a brand. Then they purchase media against others who demonstrate similar interests, constantly tightening and refining the algorithm to improve the match.
That refining and winnowing is important because Media6Degrees optimizes to a desired metric, not just site visitation. They often find that while site visitors have one behavior pattern, actual buyers have somewhat different patterns.
A new offering called Planner can also provide brands and pubs information on the best sites to find brand users, and the best brands through which to monetize site users. 
Anyway. By constantly tightening these Social Signature parameters they drive better and better results.
How much better? Well, I will only speak for the half dozen or so campaigns that I have knowledge of – ones that we fielded at Catalyst S+F. In every single case Media6Degrees was the number one or number two performer on the plans. By wide margins. We’ve seen results more than 3X better than any other plan element on several occasions.
And what I like best is that they drive those mega results by breaking the rules. While the rest of the world is getting more and more interest data from third parties, Media6Degrees says they don’t give a stuff about your interests, only a sense of how what you do on line is similar to what other individuals do. I am not condemning interest based targeting by saying this. Just pointing out that there may be more than one route to Zanzibar.
Me, I like having another path to take.
I like rule breakers. The crowd zigs. Media6Degrees zags. And based upon the results we have seen…zagging = good.

Start-Up Watch COD: Scayl Delivers “HDemail” That Enables Attachments of Unlimited Size


Today’s post is to tell you about a new service that you may find rather useful in your own professional and personal lives.
Scayl is a start-up out to “fix” email by eliminating many of the restrictions that impede it from being a great sharing platform for larger files.
While sending and receiving large files has long been a nuisance, the problems are only getting worse as richer and more high def content enters our daily lives. 10 years ago, a couple of megs was enough to activate firewalls in many companies. While most companies have raised their file size limits significantly since then, the reality is that the size of the sort of content files we might like to share are rising faster than the capacity of most email servers and platforms to process them.
This is particularly true given the ascendancy of video as a critical means of business and personal communication.
The Scayl system eliminates many of these issues by allowing a file to be downloaded from multiple sources and on a background, streaming basis. So if you want to send that home vid of baby’s first steps or that vid of your presentation from the last sales meeting, the recipient receives the file from any Scayl enabled computer that already has it. The more people who have the file, the faster it will be shared to the recipient. It’s a concept that you are familiar with if your ever did P2P file sharing.
Additionally, users can start viewing content like a video before the download is complete.
But there’s a lot more to this service than just that. Scayl also offers superior authentication and security layers that help reduce the threats of phishing and other sorts of attacks. It can also be used with the leading email clients, including Outlook.
Here’s the video of their pitch from last Fall’s DEMO competition.
Businesses can reduce server and file distribution costs with Scayl, while also beefing up their email security. For enterprise the benefits really kick in when a company is regularly sharing large files to many people. It appears that Scayl will be charging a modest annual fee per email account, with no charge for individual file shares.
Scayl facilitates delivery on a broad range of connected devices from PCs and Macs to tablets, set top boxes, HD TVs, and media servers. Based in the Pacific Northwest, Scayl is an ambitious outfit. By transforming email – the most familiar of online communication utilities – into something more useful, their efforts are likely to breathe additional life into what remains one of the most ubiquitous means of sharing content digitally.

Start-Up Watch COD: ThinkNear Helps Brick and Mortars Drive Business During Slow Sales Periods


One of the biggest challenges facing a local brick and mortar business is managing staffing levels for the amount of customer flow you are probably going to get during different time periods.
  • For example, given that employees don’t want one or two hour shifts but that many businesses have heavy sales periods during the day that last one to two hours, there’s a fundamental resource problem.
  • Another example: say you operate a restaurant in Daytona Beach. Business may be strong during the “Season” in Florida when the Snowbirds come south, But come April or May you can probably hear crickets in the kitchen. While you COULD let your employees go every year, we all know that when you find a great worker you want to hold on to them.
Do you staff for the slow periods, and risk losing customers from poor service during rushes? Or do you staff for the rush and then have staff standing around doing nothing but collecting wages? Or do you staff somewhere in between and try to balance it all as best you can?
And one friendly reminder before I get on with this review: rent and electricity don’t cost any less during slow times, so anything that can help drum up business during those periods can be a godsend.
ThinkNear is a location-based promotions service for local businesses that aims to eliminate this problem by enabling store owners to drive up sales during slow periods with limited time offers delivered to smart phones within a certain radius of a location.
OK, so say you own a Subway. Your team is busy 11:30-1:30, but then has little to do from 1:30-4:00 when people begin coming in for take-out dinner sandwiches. Instead of accepting your slow time as a given, you instead work with ThinkNear to offer a $1 off coupon to individuals in the immediate vicinity, valid only during the slow period. You drive up incremental sales, ensure that your people are fully utilized, and dramatically increase the total revenue for your business.
This sizzle vid explains both the issue facing these small and larger businesses, and how their service can help turn it into an opportunity:
 
As some of you may know, I am on a bit of a crusade to point out to people that we are turning the web into a gigantic coupon ATM – and that this is not good for the future of our brands. If I hear of one more start-up working on a way to give away more of the margin, I am going to scream. But ThinkNear is different in my view. The service is clearly delivering business that would not otherwise go to a retailer, and while discounting is involved, the degree of savings is a bit more reasonable than Groupon et al.
Further, ThinkNear is something for national brick and mortar entities to consider as well. If you are Chili’s, having some incremental business around 2:00-5:00 would probably be welcome at virtually any location nationwide.
It’s an interesting service – of a type I think we are going to be hearing a lot about in the months and years to come.

Start-Up Watch COD: CPG Product Discovery Comes of Age With Consmr


These days, when I want to try a new restaurant in the Bay Area, I head over to Yelp to see what others have said about it. When I want to find new books to read, I visit LibraryThing. These platforms are really rather powerful ways to get some perspective on a new business or item.
Not perfect, o’course – there are certainly instances in which bad actors have tried to manipulate the scores.
And there are certainly times when the crowds are decidedly unwise. Witness the fact that at the moment I am writing this, Snooki’s A Shore Thing is rated slightly higher than Shakespeare’s The Merchant of Venice. No matter. These sites can provide AN INVALUABLE INPUT into your decision making process.
One world that hadn’t really been touched by the whole reviews and ratings thing was CPG. Until now. Consmr.com has debuted, billing itself as a fun and easy way to share your opinion about consumer products.
Now, many people think of CPG purchase decisions as fairly low involvement or routinized. I agree that some are, but then again some aren’t. I’ll wager that there are millions of people who get a little pulse race when they see a package of Oreos, or have a strong belief in and loyalty for Tide.
Tide is, after all, a miracle product.
But I digress. Given that CPG touches the lives of virtually every person on the planet, it’s logical to expect that millions of people will care enough about a need or category to read before they buy and review after they try.
The current economic situation exacerbates this tendency. More and more people have to think about how they spend every dollar – buying the wrong $4 cereal is damned important when it’s what you have for the kids to eat all week.
So in my view the opportunity is there. For cult products like Nutella as well asworkaday allies like Swiffer. Consmr.com makes the experience of reviewing, rating, and reading about the most seemingly mundane things engaging and addictive. I’d liken it to when you read 11 pages in Consumer Reports about bar soap testing. Or a long post on Consumerist about someone’s dreadful experience at a big box retailer.
Naturally you won’t read through the pages for every product category, but it’s sort of empowering to know that there are other people who share your interest in a simple, everyday product or activity.
Consmr.com offers a variety of ways for brands and companies to partner with them. The site offers ways to engage site visitors in social media campaigns, to create brand activation programs that leverage and expand your audience of brand advocates, contests to drive message virality, and the like. I’ve spoken with one of their charter clients who attested to their flexibility combined with their vigilance to empower consumers and be 100% transparent.
Bloggers and other opinion leaders are also being signed to be category experts for the site. While it may seem a bit odd to think that there is a peanut butter expert out there, I for one have no doubt that there is. Actually, there are probably 43 of them. Which is one of the wonderful things about connected, democratic media. And another reason why I think there’s real business opportunity in Consmr. For them, and for CPG brands.

Start-Up Watch COD: SimplyCast is the PaaS Solution for Multi-Channel Marketing


Now here’s something you don’t see every day. A start-up based in Nova Scotia that has attracted attention and customers from around the world.
That company is SimplyCast, and what they offer is a Platform-as-a-Service solution for multichannel marketing management. So what is that in English? It’s a single system for managing, monitoring, and analyzing consumer communication efforts across multiple points of contact.
With SimplyCast, you can create, deploy, and analyze communications in the following formats:
  • Emails
  • Surveys
  • Faxes
  • Autoresponder Messages
  • SMS
  • Link Tracking
  • More
To make it easier to create marketing communications, SimplyCast uses a wizards-based toolset that enables the user to drag and drop elements into their messages and forms. Very WYSIWYG, which makes it easy to use the platform even if you are a bit of a web novice. Additionally, SimplyCast offers more than 1000 templates to get you started  - many companies find that editable templates make all communications look more professional.
For message deployment, the platform enables you to manage and segment lists, and their expertise in email coupled with close ISP relationships ensures a high delivery rate. The platform also integrates with SalesForce, Drupal, and other legacy systems prospects and clients may already be using.
Further, SimplyCast offers a solid set of real-time metrics through which to monitor, evaluate, and report results of efforts. While I have only seen demos of the offering, and have not actually used it myself, it appears that their web based reports are easy to use. Additionally, the platform offers simple export and download features for those looking to develop Excel, PowerPoint, and other types of reporting documents and presentations.
A platform like this is best suited for small to medium sized businesses, and they offer a variety of pricing plans to cover the waterfront in terms of offerings. You can:
  • Use it for Free: SimplyCast allows users with less than 1000 contacts per month to use its platform for free to deliver an unlimited number of communications.
  • Credit Based Pricing: You can pay by the delivered message with pricing beginning at $5. In this plan you bank a number of credits and use them on an as needed basis depending upon your contacts schedule.
  • Contact Based Pricing: Those sending lots of messages to the same list can purchase plans based upon the number of contacts or records rather than the number of delivered messages. Pricing begins at $13.
  • PAYG: In this plan your credits do not expire, so it is set up for infrequent mailers.
What I find most significant about this platform is the idea that it is enabling small to medium sized businesses to take a much more holistic view of contacting consumers. It often takes too long for technology to filter through all business levels. The flexibility in enabling multiple contact points makes it easy for companies to truly reflect consumer preferences in their contact plans. And to adjust those plans as consumer preferences change.

Startup Watch COD: Stickybits rewards consumers who scan items and read/write reviews


here are a host of new cell phone application designed to provide information and deals on products sold in brick and mortar stores. For marketers, it stands to reason that connecting with consumers at the point of purchase makes a great deal of sense. While I have my own misgivings about the number and size of discounts brands are making available at the point of purchase, there is no disputing that such mobile applications attract consumer attention, and impact behavior.
Stickybits is one of the applications that has gained a great deal of attention and consumer adoption. With Stickybits the consumer downloads the application and then scans barcodes of products that they are contemplating. From there the application provides a variety of different types of information. The scanning of the barcode might spawn consumer reviews of the item, or product videos or tweets and pictures that others have left. The consumer is also able to leave their own comments and user generated content at his or her will.
Game mechanics come into the picture because brands and retailers have the opportunity to enable consumers to receive discounts, information about sweepstakes and contests, and a variety of other rewards and benefits.
Consumers get positive feedback and rewards in several ways with the Stickybits application. Obviously the first way is through these instant rewards and information that appear when they scan a UPC. But the second, more ubiquitous rewards system relates to earning points for every completed UPC scan. Obviously this rewards system encourages more widespread and deep adoption by users.
Thus Stickybits is trying to become a part of people's everyday shopping and buying experiences, not an item occasionally used when the consumer is considering making a new purchase or changing brands.
So does participating in an application like this make sense for your brand? In my view the answer relates to your business objectives, the extent to which your consumers are loyal, and your product margin. I've written in the past about my fear that all of this winning and discounting on everyday purchases is simply subsidizing loyal users. That has both short-term impacts on the financial success of brands as well as long-term impact on brand equity.
Are we are training a generation of consumers to only make purchases when discounts are offered? That is the opposite of creating brand value.
Nevertheless I see tremendous potential value in an application like Stickybits. What is necessary is for a brand to carefully consider its strategic objectives and develop a way of participating in such a platform based upon those objectives.
For example the brand introducing new items or new product sizes might use an application like this in order to encourage incremental purchases or the purchase of a larger size item.
Another way to use an application like Stickybits would be to encourage incremental purchases of those items that have highly seasonal or highly irregular purchase cycles. An example of this might be a consumer product like canned pumpkin. I would imagine that about 90% of canned pumpkin is purchased in the months of November and December in the United States. By participating in a program like Stickybits, the brand might be able to create incremental purchase occasions by impacting consumer behavior right there at the shelf. This wouldn’t be based upon a program that spawned reward for scanning a pumpkin UPC but rather a related item like pie crust.
Another way to sensibly utilize an application like Stickybits might be to communicate incremental value for an item in order to "close the sale." Recipes, or a reward for multiple unit purchase are examples here. In extremely commoditized categories, it might make sense to have an ongoing offer associated with the scanning of your UPC. A small discount might make the difference between routinized purchase and lost share, dollar sales, and volume.
And let's not forget that UPCs appear on a variety of durable goods, not just packaged goods. In the context of selling a stove or a refrigerator, being able to offer a sweepstakes entry or some form of discount might have tremendous impact on brand sales. Essentially, such discounts could be built into the suggested retail price of an item so that the appeal of a discount delivered through an iPhone application would feel unique and special to the user. Without negatively impacting the overall financial and brand health of the appliance maker.
Stickybits, which is available for both iPhone and Android devices, can play an important role in the marketing programs of items that bear UPC's. They are definitely a tactic to consider as you develop the marketing program of your brand. Just use them in a sensible way that clearly delivers on your overall brand business objectives.

Start-Up Watch COD: RadiumOne delivers precise targeting and scale by comprehensively analyzing social sharing


Chances are, people connected to you are pretty aware of what interests you. Chances are people connected to you know what you are thinking about buying. Naturally there are more than a few reasons for this – not least that we share our interests through our daily usage of social media. I am looking for a new fridge, so I ask people about their fridges.
I am seriously thinking about buying a Lincoln MKZ (that’s actually true in my case…) so I ask people what they think of them. With so much research showing us how much MORE we value other people’s opinions than we do marketing messages, it should surprise no one that we actively discuss products and services online that reveal our interests and purchase intent.
Interestingly, few targeting methodologies have capitalized on this. It follows that there’s real business opportunity in leveraging this insight in a big way.
Enter RadiumOne. RadiumOne is an SF-based start-up focused on collecting as much information as it can that relates to what we share online, and using that to deliver passionate and engaged audiences.
While they also leverage the basic “behavioral targeting” data and approaches as a supplement, their “secret sauce” comes from their ShareGraph platform that analyzes enormous amounts of social sharing activity across the open web’s many different platforms to identify audiences that are clearly interested in categories, brands, and products.
It’s not just FB or Twitter data. Rather, their goal is to capture the preponderance of social sharing wherever and how it occurs. Access to many different sources of data can be really beneficial because it means they can identify multiple types of social interactions reflecting an interest, as well as better gauge depth of interest. Intuitively, I think it’s also likely that we may talk about different kinds of products in different places. More access = more insight. Says Doug Chavez, VP Marketing,
“When it comes to social sharing data, more is better. That’s why our focus is on capturing the broadest possible range of social sharing data sources. We were delighted to hear Mark Zukerberg say that the key metric Facebook is focused on over the next five years is sharing. It lends even more credence to our strategy. But our approach is to reach beyond a single community to encompass as much as possible of the exponential social sharing happening on the open web.”
An important aspect of ShareGraph is that it operates in near real time. Social sharing taking place today is reflected in its methodology and targeting today. That’s a big advantage because if you think about most “behavioral” data takes significant time to get gathered, parsed, bundled, packaged and sold to brands. While our interests and intended purchases may be noodled over for much longer than a day, it’s clear that the more recent the data, the more relevant it may be. A month from now I may have purchased my MKZ, or indeed a Cadillac CTS. Whereas an hour from now it’s pretty likely that I won’t have yet, so there’s still time to influence my purchase.
Now consider this. With auto, the decision process takes months. For your decision on where to go for dinner tonight, the process can only take so long. When a tool gets insights in near real time, far more purchases are effectable.
RadiumOne is focused on using a different data set to identify ideal media opportunities. That’s important because with so many other media solutions providers focusing on the same data sets, many brands have long passed the point of diminishing returns using conventional approaches.
While much of the data used by Radium One is social in origin, the media aren’t, or at least aren’t necessarily. This may help some brands be more comfortable because they can define and refine a white list against which Radium One will buy.
I like unique approaches that try to identify a different path to results. Innovation is far more likely to change the game than making minute variations on the same theme. RadiumOne strikes me as an important new direction for targeting, and perhaps even more importantly a more mature approach to leveraging social in service of brand objectives.