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Showing posts with label pinterest. Show all posts
Showing posts with label pinterest. Show all posts

Friday, December 11, 2015

Lean on me The evolving world of growth and marketing



https://medium.com/art-marketing/lean-on-me-df6a152f649d#.c7jsrrnn1

Wednesday, February 20, 2013

Twitter Will Decide the Value of Your Tweets


Twitter Will Decide the Value of Your Tweets

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Twitter is about to start attaching value ratings to users' tweets.
The value judgements will be assigned to the public metadata of tweeters' posts, and used by Twitter's streaming API to help developers more selectively curate massive amounts of status updates.
Designations of "none," "low" and "medium" will most likely debut on Feb. 20, according to a post by developer advocate Arne Roomann-Kurrik on the Twitter developers' blog. A "high" value option will be rolled out sometime after the initial batch.
How exactly tweets will be ranked is not entirely clear, but Roomann-Kurrik says "medium" — and, later — "high" value posts will be roughly analogous to the "Top Tweets" results you get when you search a word or hashtag on Twitter.com. That likely indicates tweets drawing high engagement or coming from users with large followings.
Boiled down, the idea is to make Twitter's streaming API more useful for developers, who can tweak applications to specify what types of tweets they would like surfaced on a given subject or subjects. Roomann-Kurrik gets into more technical specifications of how this will work in his blog post.

That's mostly a positive for users, as the change should help surface better content. It's definitely a positive for Twitter, which will have the power to designate "high" value tweets (in some cases, perhaps, for a price) and possibly experiment with new ways of displaying tweets. On the other hand, judging the value of tweets is a significant and unprecedented step for the company. Some could find it a bit invasive and, well, judgmental.
In the same blog post, Roomann-Kurrik also announces another impeding tweak to the Twitter API that will give developers the option of language-specific tweet curation.
Are value ratings for tweets more useful or annoying? Let us know what you think in the comments.
Image of Twitter CEO Dick Costolo courtesy of Twitter

Wednesday, January 23, 2013

Big Idea 2013: Charging More for Good Ideas than Bad Ones


Big Idea 2013: Charging More for Good Ideas than Bad Ones

In the marketing world, because the creative services business is still mired in the hourly billing model, it’s an unfortunate fact that bad ideas cost the same as good ideas. Advertising agencies count up their time and charge their clients the same for a game-changing campaign as for a poorly-crafted series of messages destined to be ignored.
It’s time to change that.
Looking to Hollywood, some of the biggest stars take the biggest risks when it comes to compensation by taking a percentage of the box-office earnings. A good film makes more than a bad film, and the leading actors get paid accordingly.
In the world of professional photography, a good photograph earns more than a bad photograph. Because the photographer owns the rights, the more the photo gets used, the more the photographer earns. The iconic Maxell photo showing a man in a chair “blown away” by the sound of Maxell audiotape is still earning royalties more than 25 years later.

Stuck in an outdated paradigm

Despite the fact that most of the professionals that advertising agencies draw upon to complete their work -- photographers, actors, musicians, voice talent, illustrators, etc. -- earn more for good work than bad work, most advertising agencies themselves are stuck in a pricing paradigm that doesn’t correlate at all to value.
It’s time for marketing communications firms to realize that they’re in the intellectual property business instead of the hourly rate business. An advertising campaign is a piece of intellectual property, just like a photograph, an illustration, or a software program. And most IP is sold based on usage. Adobe sells licenses to advertising agencies to use its Creative Suite of software. Agencies don’t pay Adobe by the hour, or based on the number of hours Adobe invested in creating the software. Ad agencies typically pay companies like Adobe and Microsoft a lot of money, because ad agencies use these types of software products a lot.
But then these same ad agencies charge their clients not based on the value of their work (how much it gets used) but rather based on the time it took to create it. It’s time for all parties in the marketing world to stop and realize that the value of an idea cannot be measured by a clock. This is the wrong measurement; like sticking a yardstick in an oven to determine the temperature. The value of an advertising idea can only be measured by the outcomes it creates in the marketplace.

Moving to an IP model

The best way for ad agencies to wrap their heads around the concept of intellectual property is to first separate the concepts of ideationexecution and usage. These are three different things. Currently agencies derive most of their revenues from execution, followed by ideation(although most agencies undervalue and undercharge for this). Most firms don’t even consider usage as a potential revenue source, even though this is how agencies pay most of the outside creative resources they themselves hire.
For example, the Advertising Photographers of America (APA) espouses a set of principles that establishes the day rate as just a minimal part of a photographer’s income (really just to cover basic expenses) and instead has its members charge for the usage of the image, in which the buyer pays:
  • More if you use an image more than once
  • More if you use it in more than one way
  • More if you use it over a longer period of time
Ad agencies can price their work and services in a similar way by thinking in terms like these:
IDEATION (Developing the idea)
  • Agency charges a modest concept fee, or no concept fee
EXECUTION (Executing the idea)
  • Agency charges outside production costs only, or agency pays all costs
USAGE (Using the idea)
  • Agency charges a per use fee
In this way, good ideas earn more than bad ideas because good ideas (ones that produce effective outcomes) will keep getting used by the marketer. And good ad agencies will earn more than bad ones.
As long as agencies stay on the hours-based “work-for-hire” treadmill, their earnings and profitability will stay on the downward course that started almost 40 years ago. Paying for usage instead of time is a better way for talented marketing problem solvers to be compensated for value created, and a better way for marketers to pay for value received.