Archive for July, 2009

10x increase in Freemium sign ups – incredible reaction to Social Media coming of age

Wednesday, July 22nd, 2009

We have long contended that social media needs to move from being an experimental silo to a fully integrated part of all marketing activity.  Last week we put our money where our mouth is and bought Techrigy Inc, a leader in social media monitoring and analysis software, so that we can help accelerate the development of these tools and integrate the capability into the rest of our marketing platform.

To say we have been delighted by the response from the market would be an understatement.  The feedback has been tremendous, from existing customers, business partners and the market in general.  In terms of some hard stats – our SM2 product identified an almost  4 fold increase in mentions of Alterian and Techrigy in the week we announced the move, compared to the week before and, incredibly, we saw a 10 fold increase in sign ups for our free trial version of SM2 – Freemium.

The market is confirming their interest and concurring that it is now time for social media to enter mainstream marketing. Together with our partners, we look forward to driving this interest forward into action.

Social Media Comes of Age : Alterian acquires Techrigy Inc

Wednesday, July 15th, 2009

Social media and the power of the consumer voice online is something we have been talking about for a little while on this blog and something that today we have brought into the Alterian arsenal.  This morning at 0700 UK time Alterian officially announced the acquisition of social media monitoring specialists, Techrigy.  The addition of Techrigy to the Alterian family is a momentous occasion for us that strengthens our ability to give marketers an holistic view of social media which can be applied to the marketing mix, and a set of tools to help strengthen the relationship their company has with its customers.

If you have been following this blog and haven’t picked up on it yet, we believe marketing is currently going through a revolution. The days of mass marketing, untargeted mailings, email blasts and generic brochure-ware websites are numbered. Marketers now need to appeal to the individual and engage with customers on a one-to-one basis both online and offline. We have previously blogged about how social media is often considered to be a phenomenon of the young but research suggests that many baby boomers and other age groups are regularly active on social networking sites. Social media is something that is here to stay and something that all organisation’s need to get involved in.

The good news is with the acquisition we are making available a free evaluation version of the Techrigy SM2 system, ‘Freemium’, for people to explore the powerful insights available to them through social media monitoring. The other good news is, if you like this version you can easily upgrade straight to the full version

So log on, sign up and let us know what you think. Look forward to hearing your thoughts on how this can help your company.

Confusion for behavioural targeting

Monday, July 13th, 2009

You’d be forgiven for wondering what exactly is going on in the world of behavioural targeting. In the last couple of weeks a lot has been happening.

For one, American Airlines have finally decided to target me on their homepage – a minor victory and still simple personalization, but still a step in the right direction as far as I’m concerned as a frequent visitor and traveller I appreciate not having to hunt out offers and destinations relevant to me.

On the other hand, I question whether American will be able to follow the same route in Germany where where FEDMA has issued new rules to govern the trade in personal data.  Unfortunately it’s far from clear exactly what effect this will have on targeted communications on the web.  It still feels like single site product promotion and customization is fine, but on line ads from other sites based on personal data would “seem” to be outside these guidelines – but that’s just my opinion.

Meanwhile, back in Blighty, Phorm have had a discouraging time with BT announcing they have no plans to implement the cross-site behavioural targeting system.  Perhaps this is unsurprising as there’s still the European legal action waiting based on the unannounced trials of the system a couple of years ago, which are claimed to have invaded unsuspecting customers privacy.  Phorm claim other ISPs are still interested and that critics of their system are ‘serial agitators’, well I guess that must include me, because their system seems decidedly intrusive from where I’m standing.

Consent as Currency

Thursday, July 9th, 2009

I’ve learned that consent is the big word in marketing, the holy grail, the thing we crave of our audience. It is the point of engagement, the moment our marketing message is delivered, when someone is listening or responding to our message. Our chance to communicate, educate or persuade.

Consent has a value.

What is the difference between a successful e-mail campaign and spam? It’s consent. It is the value of my marketing database. It’s the difference between having an e-mail address  and a customer or prospect record. I have contact details of people that will pick up the phone to me, that will respond to my offers, that will open my emails.

As consumers, maybe we should give that some thought. Maybe we give up our consent too easily, too cheaply. What am I getting in return for giving you this e-mail address? For joining this loyalty program?

The problem is if we don’t value consent, than we then start getting e-mails we never read and offers that we trash. We are in effect bringing down the value of consent.

Consent should be the start of an engagement, not a tick box on a contact form and a hope that our spam filters will destroy the worst and we’ll ignore the rest.

But, it’s not just consumers that are bringing down the value of consent. A few weeks ago I was talking to an e-mail marketer at an event, who astonished me by saying that he was very happy carpet bombing the world with his e-mails about horoscopes.

If the value of consent were higher, then maybe both the marketer and the consumer would invest more into it, maybe the relationship would become more trusted.

Or maybe we need to think about the value of the level of consent that we have with our audience. Differentiate the level of engagement between someone receiving your e-mail and reading it, from coming to your homepage as a visitor to staying and downloading a white paper, tweeting your content or returning to read more tomorrow.

Maybe these highly engaged “consenting adults” should be on the balance sheet….