Archive for category event marketing
This is the first of two talks I gave in Las Vegas last week to a sold out crowd at EventTech – EventMarketer magazine’s big fall conference on technology for event marketing.
I gave the talk to a standing-room-only crowd which was great fun and it was voted one of the best talks of the show! I was really excited by the engagement and feed back so I thought I would add some more text to the slides and post up here for blog followers. I’d love your feedback and thoughts – is anything missing, anything need to be added, etc?
I’ve been a pilot for a number of years and recently started training for an aerobatics competition. It’s one of my life goals and it gives me a whole new perspective on things and the importance of real time information. I was upside down last weekend looking at the ground 3,000 feet “above” me through the plane’s clear ceiling, and thought about how much perspective (and gravity) can change everything. My instructor said I needed one key element to be successful. It dawned on me that was the same element for success in social media marketing.
If you remember last year there were two monumental announcements: one was that physics found the “God particle” and would explain the entire universe and second was that the Facebook IPO would be the biggest in history. Both were wrong. Guess who had the biggest IPO*?
The hysteria around both the Higgs Boson “God” particle and the first social media company to go public created a classic hype cycle that has taken over a year to sort out. There was no solid data to back up either massive claim. In the mean time, LinkedIn and Yelp have quietly obliterated the stock market by increasing in value 400% since their IPO and out performing expectations. Largely because they have specific value and data to back it up; in Yelp’s case to local businesses who have seen footfall double when they run Yelp Ads.
Many advertisers still look at the Facebook advertising through an overhyped lens – not giving serious analysis to the data available around advertising in socia media. Too many brands are buying Facebook ads without serious consideration for what makes Facebook a successful marketing medium. Word of mouth advertising is much more than paying for an ad to interrupt someone’s browsing experience.
The biggest brands know they need to invest money to make social media work – what they all may not realize is that user-generated content that creates a social media product placement can be 5-8x more effective than regular Facebook ads in creating buying influence.
Mr. Herscovici: “In today’s world with Facebook you need [paid] media in order to reach consumers at scale. We have 17 million fans across our brands, but we know when we post something in our pages we are not reaching all of our fans, we are only reaching a certain percentage of our fans because Facebook has algorithms that control that. So if you really want to reach a bigger audience, you need to put money behind it.”
The algorithm he is talking about is called EdgeRank and it means only about 15% of those 17 million fans will see any one post.
With user generated content and good creative we have regularly documented OpenGraph actions appearing on 40-50% of a users social graph, and then being shared virally to friends of friends even more. At the 2012 Olympics Cadbury used a social media operating system to obtain over 600 earned impressions per photo posted. No wonder the project was nominated for 14 awards and won eight of them!
So by now you have probably figured out that what I need to be successful in aerobatics is data and real time information. Things like airspeed, altitude, pitch and bank angle, weight and balance, cross wind component, etc all effect how well and how safely aerobatics are performed. The right data can be the difference between life and death in an airplane. The right data can mean the difference between life and death of your career in social media. Use information and data as much as you can to make buying decisions and you’ll always be flying the friendly skies even if you seem a bit upside down at times.
Make your marketing as well hyped as the God Particle and put some sound logic behind those dollars you spend by creating user generated content with a social media operating system for events.
dwinQ facebook RFID, facebook marketing, RFID and social media, social media marketing, social media marketing 101, social media marketing basics, social media puppy, social puppy, twitter markeing, youtube marketing
How many things do you “Like” on Facebook. How many do you like in the real world. The place you ate lunch, your sneakers, your bike, the movie you saw last night. You might like them all but I bet you haven’t Liked them. I would bet money that nine out of ten times the answer is you haven’t Liked what you like int eh real world. Even though you like something doesn’t mean you’ve Liked it. And if you are a brand marketer that fact should really worry you.
Facebook’s new search is all about finding out what kind of car your friends like. What restaurant people in Chamonix like best après-ski, or which bike is the fastest for your first triathlon. Users know those are very valuable recommendations. Marketing professionals want to be at the top of the list for those recommendations. The problem is, right now, you probably are not controlling that brand message. The key to getting the most out of Facebook’s new search engine is to start optimizing it early. The first people buying Google paid ads were the ones who, for pennies, got the top of the search engine. Be first optimizing Facebook’s search and you’ll be a pioneer mining a heart of gold.
social media product placement
One of the best ways to ensure your brand is searched in user-created content is to fricitonlessly embed your brand in the users photos. How? Find events you already sponsor with lots of people and do a bit of automagic social media. Combine RFID or NFC with Facebook. Look at the picture from my Facebook page on the right. I used an RFID tag to wave infront of a photobooth to generate that cool image (at an event where they don’t allow cameras).
If you can create a positive brand message that is shared automatically by thousands, or even millions of people you will optimize Facebook search engine. Photo marketing solutions are one powerful way.
The message talks about Lexus and Excellence in the timeline of a user. This brand message was seen by hundreds of thousands of people because the thousands of fans who engaged at the US Open
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