Posts Tagged ‘social media’
To summarize, take this as a warning-slash-really-bad-pep-rally for the industry:
It’s not getting a lot better, but at least it’s not getting any worse. And it probably won’t ever get back to where it once was.
What’s this say to clients and other company’s creative types who us flacks want to love so, so much (call me)?
Find different ways to get in front of your target audiences. You know, do something you’re not currently doing to change the profits from going lower than the president’s approval ratings. (Hey, just sayin’.)
Does Ad Age have any recommendations? Glad you asked:
We found that there are pockets of strength: online and PR, for example.
So, why the change? Typically, it was make a logo and sand blast that on any embankment, billboard and mode of public transportation within a 5000-mile radius of your corporate office.
Well, that swooshing sound of all your cash going down the toilet has something to do with it. Couple that with the lack of interest in print products for anything outside of lining bird cages and creating cozy comforters for the homeless and you have an answer.
People have to look for not necessarily inventive ways to reach their target base, but definitely optional ways to sustain that catchy new mark.
Without a skilled PR campaign attached to a brand that directs folk to a billboard, or the very reason behind said advertisement, what good does it do the company? How long will it last? And where can find an ROI with a two-week blitz for a poster seen in your local parking garage?
Sure, some sleuth reporter will bump into the ad and write a story, but without a high-performance Web site or a strategic PR campaign, that story will have the longevity of “Jon & Kate: the Divorced Years” or new Coke (woof!)
“We are seeing a paradigm shift in our industry taking place as agencies grapple with how to deal with the new realities and manage costs to revenues. The industry is in for a fundamental, enduring reset over the next 10 years,” said Jim Heekin, chairman-CEO, Grey Group.
I like that – “new realities”. You know, billboards and print are still tangible but there’s this Internet thingy that’s really catching on.
I once heard in “Advertising 101” (not sure if that’s the real name):
Advertising is what you pay for, while public relations is what you pray for.
Anyone in the corporate arena wanna come with me to church this Sunday? I’ll drive.
For years, statistics have shown women talk more than men. No big surprise, but now it seems to be working.
Thanks to Kara at All Things Digital,the women’s blogging network, BlogHer, just received a lovely $7 million in Series C funding (whatever that is, but it’s a nice big, floppy check they can’t take to a bank).
“This is a true grassroots effort that shows the growing influence of women in social media,” said [BlogHer CEO Lisa] Stone. “We want to focus on taking advantage of that growth and momentum with this new funding.”
$7 million can create quite a whirlwind of momentum. And if you think women talk three times as much now, just watch them chatter a monsoon now.
The Web site for Woman Power is cleaning up more than a good portion of cash. The 30-employed-person haven is now attracting the eyes of 14 million women globally per month.
It has attracted Hollywood sponsorship, notable brands and nationally regaled conferences. And now, they have gone completely social on Twitter with more than 9,000 followers.
That said, there was one troubling quote:
While it is not yet profitable, Stone added, BlogHer is ahead of its internal financial projections, and “I hope next year I can raise a glass of champagne to meeting that goal.”
A salty million-dollar underwriting and still not profitable?! What? There’s not a sale or something to push that over in the black?
Well, whatever the case, speak on women of the world. The buzz is paying off.