Archive for the ‘Branding’ Category

Social Media Advertising

Tuesday, October 6th, 2009

A year ago, who knew that Yahoo! and other sites that prospered through advertising revenues were going to get their biggest advertising competition from social networking websites? comScore Inc, a marketing research company recently published a study that showed that one of every five ads is viewed on a social networking site!

The study by comScore also showed that MySpace and Facebook delivered over 80% of the adverts delivered on social networking category.

So why is advertising on social networking sites becoming so popular? (I say getting popular because not everyone has adopted it yet).

Well, a few reasons:

  • Social networking sites have a huge reach—reach that becomes viral—multiple connections are possible.
  • Advertisers become participants in the “socialscape.” They are part of the conversation.
  • Ads can be engaging, not static: commenting, gifts, polling… actions can be embedded into the ads.
  • Friends can see other friends engaging into these opt-in ads.
  • Advertisers can tell their stories in meaning, relevant, authentic ways through social media advertising.
  • Social networking advertising is highly targeted, not just demographically, but more importantly, psychographically—so the advertiser’s reach is more effective.

These factors make social media advertising more cost-effective than other online advertising platforms.

Quite a few big name players are spending big bucks on social networking advertising. Isn’t it time you switched to a more lucrative form of online advertising?

Get out there!

First Branded Pharmacetical Twitter Page

Thursday, July 30th, 2009

Have you heard about the new Novo Nordisk Twitter page? It’s been the talk of the pharmaceutical marketing world for a few weeks now. Released in mid July, the page currently has 517 followers. It’s tweeted by a real-life celebrity with diabetes—race car driver, Charlie Kimball, and borders between slightly interesting and plainly obvious marketing jargon. Therein lies the problem. Charlie tweets about 5 times a day… chronicling his travels, races, and daily life. But he never forgets to mention when he’s taking his Novo Nordisk medication and where followers can buy it. It’s a very stale marketing voice, day after day after day. Not very authentic or connective—the whole purpose for a brand to use Twitter. Okay, so I agree, it’s an historic use of platform, being that Novo Nordisk is the first branded pharma page in the history of Twitter, but I’m not sure it’s making the most of it. Nothing is there to engage followers, and it’s not all that personal. Charlie is a real-life person who, I assume, Novo Nordisk hired as an individual that other people with diabetes can relate to and share their experiences with. I don’t see any of that happening, and it’s almost been up for a month now. So even though it’s great to see pharma companies using Twitter as a branded marketing tool, this one doesn’t hit the mark. Novo Nordisk needs to back off and let Charlie do his thing, without getting involved in his story. And Charlie needs to expose a bit more of himself: “In Iowa… It is very hot and humid” is just downright boring and has nothing to do with why people are following a sports celebrity succeeding in life with diabetes. Let’s get personal, Charlie.

The Digital Age: Why Bother?

Thursday, July 30th, 2009

Facebook. Blogs. Bookmarking. SMS. SEO. SEM. Post a Reply… ASAP! Whew. As if your life wasn’t already cruising at I-95 speeds, the Web keeps hitting you with more and more to learn. Yes. Everything digital seems to move in warp drive. So just take it a day at a time, experiment, and get as involved as you can. Different techniques work for different business. Understand what works best for you. But know this—there’s no avoiding the digital age. It’s here and it’s happening. Your goal should be to get your brand there, then keep it relevant and updated. And really, the benefits are tremendous—from unlimited creativity in your strategies, to pinpoint targeted accuracy AND measurable return, the digital age is a gift to marketers… when used wisely. There will always be a new buzzword or acronym to understand, but as long as you’re willing to get your hands dirty, you’ll come out fine; in fact, you may absolutely thrive like so many others have. So just let go and embrace the digital age. It’s here to stay.