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Updates from April, 2009

  • Social Media Will Lead Interactive Spending

    mike manuel 2:56 pm on April 26, 2009 | 8 Permalink
    Tags: , forecast, forrester, interactive marketing, mobile marketing, search marketing,

    Forrester Research Interactive Advertising Forecast (US Only)

    So an upcoming Forrester report (for release, I’m told, later this spring) indicates growth in social media budgets will outpace all other forms of interactive marketing — they even have this colorful chart, so shit, this *must* be true. Now don’t get me wrong, these numbers are all fine and good, but here’s the problem with the data: the dollars for social media programs are coming from *all sorts of pockets* within companies — PR, HR, IT, Web, customer support, etc. — social media programs are by no means the exclusive line item for corporate branding budgets. And you know, generally speaking, I think that’s a healthy thing because we’re still seeing a lot of interesting applications that cross organizational boundaries.

     
  • Next Third Thursday’s “Groundswell”

    mike manuel 11:34 pm on May 7, 2008 | 0 Permalink
    Tags: groundswell, , third thursday

    Groundswell

    So, you may have noticed there’s this little lime green book bubbling up everywhere called “Groundswell,” and my hunch is that if you read this blog, you’re probably already reading this book too. At very least, you’re familiar with the book’s co-authors, Charlene Li and Josh Bernoff, both are long-time industry analysts for Forrester Research, and generally speaking, are pretty smart folks when it comes to analyzing the adoption and application of social media in business.

    It’s with this in mind that SNCR and the organizers of Third Thursday - Silicon Valley have invited Charlene to come in and speak at our next meetup about what the Groundswell is, how it’s impacting businesses today, and perhaps highlight some of the recent research and case studies she and Josh share in their book.

    If you’re in the midst of formulating your own social media strategy, this is one of those must-attend talks.

    Our discussion with Charlene is set for next Thursday, May 15 at 6:30 p.m. in downtown Palo Alto. Details are on the Third Thursday Meetup page. We’ve just about reached our capacity max for this event, so please RSVP soon if you’d like to join us; oh, and bring your Groundswell book.

     
  • SNCR, Filling the Knowledge Gap

    mike manuel 4:49 pm on November 3, 2006 | 3 Permalink

    I’ve been working in the background the last few months with Jen McClure on the SNCR Research Symposium and Awards Gala, which took place earlier this week in Boston. Congrats again to all the award recipients and a thank you too. The winning case studies will help support and advance the society’s research efforts next year — and I can’t emphasize the importance of that enough.

    I’ve said this before and I’ll say it again, I think there’s a lot of noise in the PR industry right now, especially as it relates to social media. What we lack, however, is a healthy stable of case studies and best practices that we can model and build on. I think what the SNCR is doing, along with related efforts by groups like WOMMA, Social Media Club and even the Third Thursday meetup network will, in their own ways, help fill this knowledge gap.

    We need to push industry thinking forward, but I don’t think that can really happen until we have a foundation of shared experiences (and less rhetoric) to build from.

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  • Finally, Somebody Ranks Brand Monitoring Services

    mike manuel 6:22 pm on September 14, 2006 | 3 Permalink

    Wave_2
    If there was ever a research report I’d like to get my hands on, it’s
    this one from Forrester. 

    The folks at Forrester have completed what looks to be a pretty comprehensive analysis of the most popular brand monitoring services (e.g., Nielsen Buzzmetrics, Cymfony, Biz360, Umbria, Brandimensions, MotiveQuest, and Factiva). 

    I can’t tell for certain how deep this report goes, it costs a thousand bucks, but they’ve posted a Q&A and an executive summary along with the graphic you see embedded here, which tease some of the findings.  A few of the nuggets (verbatim):

    • Nielsen BuzzMetrics and Cymfony are market Leaders, thanks to their comprehensive technology platforms and extensive data source coverage.
    • MotiveQuest — with the most services-focused and strategy-oriented offering — finishes as the leading Strong Performer.
    • Biz360’s focus on traditional PR monitoring services lands it as a midrange Strong Performer.
    • Rounding out the Strong Performer category are Factiva, with its strong print orientation, and Umbria, which excels at speaker segmentation.
    • Brandimensions falls into the Contender category, with targeted expertise in the automotive, entertainment, and pharmaceutical industries and an approach that relies heavily on human filtering.

    Brand monitoring online is top-o-mind for a lot of companies that recognize the need for conversational marketing and communication, but lack the tools and insights to analyze and measure the impact and success of their efforts.  It’s a real pain, and unfortunately, where there’s pain there’s also exploitation. I think some of the popular brand monitoring services have a reputation of over-promising and under-delivering — which is why I’m glad to see a report like this surface.

    Brand monitoring and sentiment mining online is a tough nut to crack, I personally don’t think any of these companies have it nailed yet, but some are getting close.

    For that reason, it’s good to see that Forrester will be revisiting this report next year, I wouldn’t be surprised if there’s a big shake up in the rankings, perhaps even some new players to watch.  Forrester, if you’re listening, I’d totally understand if you wanted to send this to me for "review.";p

    Related Posts:

    Social Media Monitoring

    Synthesizing Social Media

    Mining and Monitoring the Conversation Gap

    Blog Monitoring As PR Service

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  • PRWeek Survey Results:
    New Media Ain’t That Important

    mike manuel 10:36 am on July 25, 2006 | 2 Permalink

    Prwsurvey
    According to PRWeek’s latest
    Agency Excellence Survey (PDF), new media expertise is considered less of a priority in the agency selection process, however, "consistently delivering company messaging to all target audiences" is a top priority and "anticipating problems and issues that could put a company at risk" is considered an important competitive differentiator.

    Why would you prioritize message targeting and list issue anticipation as a competitive differentiator, but then de-prioritize new media, like it’s somehow detached from these two things?  Weird….

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  • Edge PR

    mike manuel 11:40 am on June 1, 2006 | 1 Permalink

    A recent Pew survey reports:

    “Forty-eight million American adults have contributed some form of user-generated content on the Internet.”



    This stat seems in keeping with Ross Mayfield’s “Power Law of Participation” post, something I waxed on last month, which captures among other things the various forms of participation that are occurring across the web. The Pew results indicate, to me, that participation levels are trending up the curve, at least in the U.S., and that people are actively seeking a deeper level of online engagement – which if true, hammers home the belief that PR 2.0 is all about edge conversations.

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  • Forrester Debuts New Marketing Blog

    mike manuel 10:33 am on April 29, 2006 | 0 Permalink

    Earlier this week industry research firm Forrester flipped the switch on a new group blog, this latest one focusing on marketing trends. From the introductory post:

    “Our team will use this blog as a forum to share insight on news events as well as some of the great conversations we have internally. Analysts will post individually about topics within their perspective coverage areas. But, the cool new thing that we’re going to try here is to share insight to an internal weekly jam session in which we brainstorm ideas about a topic and share the results here – unedited. We think this will help us get ideas out faster (without the constraints of editors) and solicit input on those ideas more efficiently.”

    I believe this is the third “official” blog to sprout from Forrester, the other two being Charlene Li’s well-known professional blog and the Devices & Media blog that Josh Bernoff and Ted Schadler co-author. It’s probably also worth noting that earlier this month Forrester rolled-out several new syndicated research/information channels.

    Good stuff coming from Forrester….

    [Via Blogspotting]

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  • The Questionable Influence of Industry Research Firms

    mike manuel 10:48 am on February 6, 2006 | 5 Permalink

    InformationWeek has an interesting, albeit exhaustive feature today on the influence that tech vendors wield over IT research firms:

    “Research firms make their living by offering expert advice to business and technology people about the best ways to invest their IT dollars. It can be invaluable insight, but only if that analysis comes with no strings attached. And on that, there’s no guarantee.  Forrester, Gartner, IDC, and others insist their output is squeaky clean, yet they also rake in millions providing services to the very same companies they monitor, heavyweights like Cisco, IBM, Microsoft, and Oracle.”

    At the core of this story is a sticky question: how credible are industry research firms?

    1010b6ants05_3

    All sorts of companies rely on industry research reports to make important purchasing decisions, while

    the media frequently look to industry analysts for their expertise and objective insights into certain sectors and trends, but in most cases, the money trail clearly leads back to the pocketbooks of the very vendors that dump big dollars into research houses and stand to benefit most from the “objective” positioning of their wares, so it’s fair to ask: is something rotten in the state of Denmark?

    IMO, the need for transparency in practice bleeds through the entire media making business, it just seems of late that the PR industry has singly absorbed the brunt of this particular criticism, so in some small way I’m glad to see the magnifying glass is focusing elsewhere for a change.

    Update: Gartner responds to the InformationWeek story.

    Also See:

    Trust, Friend, or Foe – Industry Analysts (John Welton)

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  • Blog Monitoring As PR Service

    mike manuel 7:28 am on January 30, 2006 | 3 Permalink

    Sparked by a survey that Brian Oberkirch at WeblogsWork is getting underway, an interesting conversation has been taking shape on the Naked Conversations Blog (see comments thread) about blog monitoring as an emerging service/business opportunity among PR and marketing firms:

    “I’m still learning to master Technorati, PubSub, Feedster and Bloglines. I’ve abandoned a few others. For businesses just trying to get their arms around it all, these tools are as hard to master as they are important to understand. This is a place for a PR agency to jump in. Use them to listen and learn for your clients. Serve as an early warning system for what is being said by both topic and company.”

    I have to admit, at first pass, my reaction to this was a little like “well, yeah!?” I think most PR folks are pretty damn good when it comes to traditional news scouring and analysis, and serving as the eyes and ears for their corporate clients, so it seems only natural that PR teams would carry the responsibility for monitoring the blogosphere too. In fact, I think this function of keeping a pulse on industry chatter, be it traditional media or otherwise, is hands-down, just critical to a program’s overall health and strategic direction.

    Some firms are already outsourcing this function of a program to third-party measurement and analysis companies in very much the same way they have outsourced traditional news monitoring. Others are taking the DIY approach, using a combination of lightweight tools like internal reporting blogs, team wikis and specialized search engines to get the job done. I think with both approaches there’s a fair and formal up sell for a value-added service, it just comes down to the unique needs of the client.

    Each has its own challenges too, btw: the outsourcing option remains problematic given the fast-moving nature of blogosphere discussion and the limitations that come with real-time tracking, while the DIY approach relies primarily on human tracking and analysis, and typically the hourly billing rates ($$$) that come with that.

    Finally, I’ll just add that when it comes to tracking and analyzing online discussions, it’s my experience that marketing folks tend to see this as a function of taking a macro-level snapshot of the company’s overall brand perception and health, whereas PR teams are much more engaged at the micro level, focusing on issues and responses.

    I touched on this subject a few months ago with more thought/detail (see “Mining and Monitoring the Conversation Gap“).

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  • FeedBurner Reports: Feed for Thought

    mike manuel 6:45 am on November 22, 2005 | 1 Permalink

    FeedBurner is kicking-off a series of Technorati-like special reports this week called “Feed for Thought” that will cover the state of the “feedosphere”:

    With so much going on in the world of syndication, we thought it high time we stop bantering amongst ourselves, and start sharing some of the keen insight and commentary brewing inside FeedBurner headquarters. From where we sit atop more than a hundred thousand feeds, the air is thin but the view outstanding. We can’t help but see what’s on the horizon and identify ways in which we can continue to help publishers maximize the delivery channel.  With that, we offer Feed for Thought, an ongoing series of reports that cover the state of the feedosphere, emerging trends, our take on where subscription delivery is headed and the challenges and opportunities it will face.

    The new series is aiming to cover a variety of topics with the first report focused on “RSS & Blogs.”  Now, fair warning, this first report is a lengthy read, but a good one nonetheless.  One of many nuggets of info that’s worth pulling out from this report is how RSS adoption is quickly evolving from a stand-alone syndication method for blogs (circa 2003) to a broader publishing standard for all sorts of content, today (e.g., search results, commercial publishing, podcasts, etc.)  This graph nicely illustrates RSS adoption trends.

    RSS Adoption

    A full version of this report can be download here (PDF).  Additional reports are on the horizon, watch the FeedBurner Blog for details.

    Related Posts:

    Interview: FeedBurner’s Dick Costolo on RSS Ads (Nick Wilson)

    Scripting News Analysis (Dave Winer)

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  • Mining and Monitoring the Conversation Gap

    mike manuel 12:50 pm on November 15, 2005 | 4 Permalink

    If a “Conversation Gap” exists for your brand (be it a real gap or a perceived one) the next logical question for most PR and marketing folks is to ask “what are people saying?” — and herein lies a burgeoning, multi-million dollar industry, chalk-full of companies each promising tools and services that mine and monitor online conversations to help you answer this single question.

    If you’re thinking about this right now, here’s my advice: be very careful and clear about what your goals are at this point in the game before you start entertaining proposals and signing contracts.  There’s a difference between mining the conversation gap and monitoring it.

    Mining the Conversation Gap

    Mining typically involves looking at a large volume of discussion (usually over a span of time) and from that extracting patterns and themes that lend themselves to some fairly decent insights and analysis of discussion trends.  The companies that do mining really well basically look and act a lot like search engines with huge indexes of data (e.g., from blogs, forums, groups, etc.) that are regularly queried based on a pre-defined set of terms or keywords that you, the client, want to track.  Mining is great for keeping tabs on big picture trends and sentiment shifts, but it’s lousy at capturing real-time issues as they typically bubble up online — which is critical for communicators trying to stay in front of things.

    Monitoring the Conversation Gap

    Monitoring involves being on the front line of online discussion — as it’s happening.  Monitoring is hard work and more often than not, the companies that do it well are relying less on machines and automation, and more on human analysis and teams of researchers.  These services typically cull all sorts of online content (every day) and flag discussions, links, etc. that fit within a pre-defined scope of work.  While monitoring services are great for staying on top of online chatter and keeping the pulse of communities, monitoring doesn’t scale very easily and aside from front line observations and anecdotal knowledge, it’s really tough to gauge what sort of impact these discussions are having on overall brand perception (and whether or not you’re actually closing the conversation gap).

    All this having been said, the perfect answer to this situation is that you need a combination of both mining and monitoring to really understand what people are saying.  And the sad reality is that a service that meets these unique needs doesn’t exist — today.

    So for now, if you’re thinking about listening to the online conversation, you’ll need to come to terms on what strategy works best for your company — mining or monitoring?  You’ll also need to think about whether you really need an outside service, or if you’re okay pooling internal resources and stringing together some homegrown solutions until something better comes along.

    Once you have this part figured out (i.e., what are people saying?), then it gets real interesting (i.e., what can you do about it?).  But I’ll save that for another day…

    Related Posts:

    Mind The Conversation Gap (Steve Rubel)

    Following On-Line Conversations is Hard Work! (Jeremy Zawodny)

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  • New Think Tank to the Study Impact of Social Media & Participatory Communications

    mike manuel 9:48 am on October 31, 2005 | 1 Permalink

    For several months now I’ve been actively (albeit quietly) working with a small group of progressive media professionals on the formation of a new non-profit organization called the Society for New Communications Research (SNCR.org).  Today, the SNCR officially launches (press release here) with a broad charter to “study the impact of emerging modes of communication and the growing phenomena of participatory communications….”

    Jennifer McClure (of NewComm fame) is the SNCR executive director and has already brought impressive levels of energy and leadership to the organization.  I have to also commend Jennifer for bringing together an impressive mix of professionals (academics, journalists, marketers, and communicators) to form an organization that I think is uniquely capable of dissecting the new media landscape from all perspectives.

    As far as my level of involvement goes, I’m working with the group in two capacities: Namely, as a member of the SNCR advisory board, but also as the chairman for the organization’s best practices, standards and awards committee.  This is really important because I see pockets of innovation and new thinking surfacing across media disciplines, and if the Society can (in some small way) collaborate with industry thought leaders to identify best practices, establish some standards and showcase great work, I can’t help but think that this will bring *real* value to those people and businesses that are presently navigating the social mediasphere alone.

    Look for more updates on the SNCR in the months to come.  In the meantime, you can subscribe to the SNCR blog.

    Update: Fellow SNCR members, Shel Holtz and Neville Hobson, interview Jennifer McClure in the latest For Immediate Release podcast (episode 81).