Despite all the doom and gloom about the economy, according to eMarketer's Geoff Ramsey, there are bright spots. And those bright spots, thankfully, are in the online marketing space. Ramsey sees a 14.5% growth rate for online ad spending for 2009. Wipe that sweat off your brow now because you may actually be able to pay your mortgage in 2009.
- The majority of senior marketers - 55 percent - lack a quantitative understanding of brand value at their respective organizations, according to the results of a new Association of National Advertisers Interbrand survey, announced over the weekend at the ANA Annual "Masters of Marketing" Conference in Orlando, Florida.
- Now that Avenue A/Razorfish has rebranded as, simply, Razorfish, the required new agency website is up and running.
- Cadbury Gorilla gets yet another spoof.
- Hmm. Old client Akamai is getting into the ad business with the launch of Advertising Decisions Solutions, a behavioral targeting solution.
- Yawn. CMOs are angry with agencies and ad networks. This is a new sentiment?
- David Armano has mapped the Agency Path to Enlightenment. From Cannes to creativity, it's all there.
- The economy's nosedive is taking a bite out of "experimental" media such as virtual worlds, mobile and widgets according to the Wall Street Journal.
- Economic negativity is now running rampant in advertising. Come on, people. A little "glass half full" optimism can't really be a bad thing, can it?
- George Parker is on a mission so save WPP by...um...buying it?
- McKinney has emerged triumphant from the agency smack down for the Sherein-Williams account.
- Repower America has sparked a heated debate on YouTube with its commercialhttp://www.youtube.com/watch?v=QmEUHeI7fzE urging us to break oils lock on government.
- AdFreak's Tim Nudd notes some think if DirecTV's Poltergeist commercial is in bad taste given that Heather O-Rourke who played Carol Anne died in 1988 at age 12.
- This BBDO-created Guinness commercial in which refrigerators are magnetically drawn to a Guinness truck is quite good.
- Here's eight steps to writing in narrative format which sells.
- Gamepolitics reports team Obama placed an ad inside the Xbox game Burnout Paradise. The game's maker, EA, will neither confirm nor deny whether or not money changed hands for the ad or if it's simply great Photoshop work.
AdFreak's David Gianatasio craps on the efficacy of the results highlighted in a new study from Bzzagent which claims the profit from an eight minute brand conversation is 38 cents. Apart from David's rant on the ridiculous eight minute length, we'll chime in on the 38 cents as in that's all? We're actually getting excited about making 38 cents for eight minutes of a person's time? Like David admits, perhaps we're not getting the point of the study either.
Or maybe we are and we're now supposed to hate BzzAgent even more for reducing the value of people's time to a mere 38 cents for eight minutes of their life.
In this week's Times Magazine, Clive Thompson (or @pomeranian99 on Twitter) described in his "I'm So Totally, Digitally Close to You" article how "incessant online contact" encouraged by tools like Facebook's Newsfeed and microblogging platforms like Twitter, has created "ambient awareness." Whether we tweet in 140 or less, post on each other's wall or upload photos, videos or Utterz, we're creating and curating a public record of who we are, what we like, dislike, what sparks our interests and what we care about.
This article left my head buzzing with the implications of this new "ambient awareness" and in particular, what it means for brands.
When wandering through the aisle of any given grocery store, it's fairly easy to be overcome by the 6 billion types of cereal, 26 versions of Triscuits, 152 brands of potato chips and enough different kinds of ice cream to make one's head explode from brain freeze. So it is with welcome relief Masterfoods' Revels is keeping its flavors to a minimum.
Sapient, who, it seems, hasn't been in the news since the digital boom of 1999, is out with a sponsored study of chief marketing officers which resulted in the creation of a "top ten list for agencies of the future." At the risk of boring you with the details of a study that offers no new insight, here's the list:
1. Greater knowledge of the digital space. (Seriously? That's a stunner!)
2. More use of "pull interactions." (Oh yes they did. They created a new buzzword for social media)
3. Leverage virtual communities. (Apparently, none of the surveyed CMO lived through the Second Life debacle)
4. Agency executives using the technology they are recommending. (It would certainly be nice but, in most cases, it's never gonna happen. By definition, most senior management is disconnected from reality.)
- Bill Clinton received a warm...and appropriate...welcome message from a local Denver strip club during the Democratic National Convention.
- Want to quit your job in style" Check out Droga5's Quit in Style site they created for the YoungGuns Award.
- Pingdom examined traffic for ten social media sites over the last year. Digg still tops the list but the piece points to some interesting trends.
- Agency GCI Group and game developer Launchfire Interactive have created several online games to help promote the Dell Latitude E-Family line of computers.
- Damn Receipt aims to achieve brand love by hooking up people and brands. The site allows people to upload a copy of a shopping receipt. Marketers can visit the site and pay the person.
Social media analytics company Collective Intellect tracked eight Beijing Olympic sponsors between August 2 and August 13 to determine the amount of social media brand lift the sponsors achieved. Tracking blogs, social networks, forums and other "online conversations," Three brands saw significant increases in activity. CI found a 51 percent increase for McDonald's, a 141 percent increase or Visa and a 17 percent increase for Coke. The increases represent in-context association between Olympic-focuses content and the brand.