I Am The Media
- 1. FUTURELAB
I AM THE MEDIA
Alain Thys, Marketing3 – Nov. 29,2006
Attribution-NonCommercial 2.0 Belgium
http://creativecommons.org/licenses/by-nc/2.0/be/
- 3. The traditional marketing model is being challenged, and
(CMOs) can foresee a day when it will no longer work.
McKinsey Quarterly, 2005, Number 2
FUTURELAB
- 4. This Presentation
WHILE YOU WERE SLEEPING
WHERE DO WE GO FROM HERE?
BRANDS AS STORYTELLERS
FUTURELAB
- 6. The Good Ole Days
of Corporate Media
We will decide what you want & need
• Central editorial control
• Government regulation (censorship)
• One-way communication
• Limited channels of information
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- 7. “Your contract with the network when you get the show is that you’re
going to watch the spots … Any time you skip a commercial …
you’re actually stealing the programming”
Jamie Kellner, CEO of Turner Broadcasting, April 2002 (cc) Lynette Webb, 2006
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- 8. Yet then the power shifted
Anytime - Any Place - Any Way
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- 9. 14,463,346 auctions
www.ebay.com 21 Nov 2006
200,000,000 blogs
Almost 4,000,000 articles >100,000,000 videos
(10 languages) (65,000/day)
“The workers 1.5 million
should residents
33,347,000 profiles
appropriate the
means of
production”
FUTURELAB
- 10. In which (semi-)amateurs start to “play for real”
Blogs vs. Mainstream News Media : Early days, yet traffic is growing
NEWS MEDIA
BBC Newlsline Ticker 19,550 /million
CNN 18,600
New York Times 8,740
Drudge Report 4,210
Washington Post 3,755
Xu Jing Lei Reuters Online 3,680
56,750/million Guardian Unlimited 2,985
Al Jazeera 2,925
1,000-4,000 Wall Street Journal 1,995
Le Monde 990
comments per The Huffington Post 959
article The Economist 740
Daily Kos (State of theNation) 722
Crooks&Liars (John Amato) 525
Every Citizen is a Reporter
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- 11. In which (semi-)amateurs start
to “play for real”
YouTube TOP 3 (20 nov 2006)
Evolution of Dance 35.7 MM
Pokemon Theme Music 17.3
Quick Change Artists 12.7
Nielsen Rating – Nov 6- Nov 12
1. Desperate Housewives ABC 22.3 million
2. Dancing With the Stars ABC 22.0
3. CSI: Crime Scene Investigation CBS 20.8
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- 12. For video, please check
http://www.mobuzztv.com/
In which (semi-)amateurs start to “play for
real”
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- 13. While online media play catchup with traditional outlets
July 2006
(cc) Lynette Webb, 2006
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- 14. The biggest player is
The long, long, long, long, long tail
1-200,000 1,000-200,000
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- 16. • In 1965, 80% of 18-49 year-olds in the US could be reached with three
60-second TV spots. In 2002, it required 117 prime-time commercials
BRANDS
to do the same.” (Jim Stengel, Global Marketing Officer, P&G)
• A US hour of prime time TV carried 21 minutes of advertising, Late
Night network shows like Leno or Letterman carry 31:27 (TNS Media
Intelligence, Q1 2006)
• Big Six study (US): People with PVR’s watch 12% more TV, yet 90%
of them adskip (Germany : 88.2%)
• 78.2% of Germans are irritated by advertising, only 24% actually still
CONSUMERS
watches it (GfK Marktforschung)
• 54% of US consumers avoids products & services which
“overwhelm” with advertising (Yankelovich Partners)
• 85% of Chinese stop watching TV during commercial breaks. More
than half change the channel, while the rest do housework, eat, chat
or use the bathroom. (McKinsey & Co.)
RESPONSE
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- 17. There is no apparent link between advertising awareness and
Response GRP weight
Australia Romania China/Shanghai Philippines India
Top Graph = ad awareness - Bottom Graph = GRP Weight Illustration based on anonymised examples
GRPs => Awareness => Karma => €€€
Source: Mediafuture SARL
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- 21. THERE IS STILL
ONE TRUSTED
MEDIUM
LEFT IN THE
WORLD
MY FRIENDS – THEIR FRIENDS – AND ALL THOSE WE COLLECTIVELY RESPECT
FUTURELAB
- 22. While institutional
trust is eroding
Blind Faith
Collectivism
Command
Reasoned Faith
Elective Collectivism
Contract
People are saying: “I can no longer rely on a single source of information. The
omniscient, all-powerfull source – whether a news anchor, doctor, CEO or
government official – is gone.
Edelman Trust Barometer, 2006
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- 23. People Trust People
Edelman Trust Barometer 2006
When forming an opinion
of a company, how %
credible would the Academic 62
information be from …
Doctor or similar 62
Person like yourself/peer 61
Financial Analyst 58
A person like yourself or a peer
NGO Rep 58
61%
55% Accountant 53
51%
Lawyer 36
Regular employee 33
33%
CEO 29
Union 19
Entertainer 17
PR person 16
2003 2004 2005 2006
Blogger 15
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- 24. Most influential information sources in
purchasing electronic goods? (TOP 3)
Source %
In-store Sales Associate 49
In-store demonstration 36
Word-of-mouth from family & friends 33
Newspaper Coupons 25
Internet 21
Product/Company Information 16
Retailer information 14
Other 14
Magazines 4
TV 4
Radio 3
Source: CMO Council’s Retail Fluency Report, 2005
People Trust Humans
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- 25. This is not a “new hype”
just an ignored reality
1955 Word-of-Mouth (WOM) is 7x more effective than newspaper advertising, 5x stronger than a
personal sales pitch and 2x as effective as radio advertising
1967 36% of surveyed consumers reported learning of an innovation through word-of-mouth, while 48%
reported being influenced by WOM when making a purchase decision
2001 Diffusion studies found that WOM is 10x more effective than media advertising
2006 61% trust other people like themselves (as media) - Edelman Trust Barometer, 2006
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- 26. 4000 years of media-revolution cannot undo 2,000,000 of programming
Paleolithic
(stone) age
“hunter-
Writing
gatherer”
Information
Age
-500
-50
-2,000,000 -3500
Print
TRIBAL – VERBAL – DISTRUST OF BIG TRIBES
FUTURELAB
- 27. RADIO, TV, PRINT, EVENTS, … ARE NICE, YET IN MY COMMUNITY
I AM THE MEDIA
The words I write, I speak, I film
The Stories I Tell
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- 28. In a million channel world,
brands whose consumers
tell the best stories, win
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- 29. How to control millions
of inaccurate and
divergent
conversations ?
YOU DON’T
Consumers are beginning in a very real sense to own our brands and participate
in their creation … We need to begin to learn to let go.
A.G. Lafley, CEO and Chairman of P&G, October 2006
(cc) Lynette Webb, 2006
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- 30. Brands have to become storytellers, that « light the fire »
… and let go
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- 32. Tell me a story
that makesmy conversations
more interesting
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- 33. Make it something I
really care about
Make it fun, credible
and memorable
Make it something I
can easily tell others
Be true, so I don’t like
to look like a liar
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- 34. Make it something I
really care about
Make it fun, credible
and memorable
Make it something I
can easily tell others
Be true, so I don’t like
to look like a liar
FUTURELAB
- 35. If you want them to talk about you make them …
LOVE YOU
HATE
YET NEVER LEAVE THEM INDIFFERENT
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- 36. Yet it is exactly there that most brands leave consumers “indifferent”
Customer Satisfaction Averages (scale 0-10)
“44% of
consumers say
the majority of
their Customer
Experiences
are “bland”...”
FUTURELAB
- 37. 69% of consumers say emotions count for over half their customer experience
RATIONAL SUPERFICIAL
ARGUMENTS EMOTIONS
0.3 seconds RATIONAL DECISION MAKING IS AN ILLUSION
Source data point: strategic resource development group, 2006
FUTURELAB
- 39. TRADITIONAL RESEARCH
OFTEN MISSES THE POINT
It's easy to understand the survival of popular traditional techniques such as
syndicated market research, simplistic quantitative surveys, and focus groups, [yet]
conventional research methods often gather incomplete information.
McKinsey Quarterly, November 2006
PSYCHOLOGY – ANTROPOLOGY – NEUROLOGY – SIMULATIONS - …
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- 40. Make it
something I
really care about
For video, go to
http://www.campaignforrealbeauty.ca/flat2.asp?id=4804
GIVE MEANING
GO « DEEP »
FUTURELAB
- 41. Brands people talk about make meaning Beyond Money
CHOOSE YOUR CLASSIC
For Apple video, go to For Harley video, go to:
http://www.harley-
http://www.youtube.com/watch?v davidson.com/wcm/Content/Pages/Ri
=4oAB83Z1ydE ders/Creed_Video.jsp?locale=en_US
&locale=en_US&bmLocale=en_US
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- 42. Make it something I
really care about
Make it fun, credible
and memorable
Make it something I
can easily tell others
Be true, so I don’t like
to look like a liar
FUTURELAB
- 43. Have your customers tell your story
A person like yourself
or your peer is seen as
the most credible
spokesperson about
your company For the jetBlue story videos, please go to
http://www.jetblue.com/experience/index.html?intcmp=story
FUTURELAB
- 45. Origins of the engagement ring
Pope Innocent III Birthstones
1215
Fourth Lateran Council
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- 50. The Result
Make it fun Word of mouth to the point of
credible and
memorable becoming cultural tradition
Case Study: Japan
1967 The Beers Goes Japan
1978 Diamonds for 50% of Japanese Brides
1981 Diamonds for 60% of Japanese Brides
FUTURELAB
- 51. Make it something I
really care about
Make it fun, credible
and memorable
Make it something I
can easily tell others
Be true, so I don’t like
to look like a liar
FUTURELAB
- 54. And the best news:
You don’t even need to be creative
Opinion Leaders – Customers – Employees
Successes - Failures - Reports - Milestones
CEO – Founder – Products - …
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- 55. No intrusive creative, yet true storycrafting
2500 years of experience meets neuro-research
Make it
something I can
easily tell others
Egocentricity
Contrast
Emotion
Beginning & Ending
Tangible
Visual
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- 56. Make it something I
really care about
Make it fun, credible
and memorable
Make it something I
can easily tell others
Be true, so I don’t like
to look like a liar
FUTURELAB
- 58. The key drivers for trust & closeness are
“quality & service”
UK FRA DEU ITA ESP
Quality of products & services 2 1 1 1 1
Attentiveness to customer needs 1 1 2 2 2
Fair pricing for products & services 3 4 7 3 3
Good employee and labour relations 5 3 3 4 4
Strong financial performance 6 7 9 5 6
Socially responsible activities 7 5 5 5 6
Well-known corporate brand 4 6 8 7 5
Dialogue with all stakeholders 8 8 6 8 9
A visible CEO 9 8 4 9 8
Employee or CEO blogs 10 10 10 10 10
Based on: Edelman Trust Barometer, 2006 – attributes for building trust
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- 59. Yet still, most consumers are left “indifferent”
Customer Satisfaction Averages (scale 0-10)
“44% of
consumers say
the majority of
their Customer
Experiences
are “bland”...”
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- 60. In fact, if asked, they mostly won’t recommend a brand
Telecom Europe = - 48%
Profusion, 2005
BTW: The same often applies to the people working for the brand themselves
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- 61. WE PROMISE ONE THING AND DO
SOMETHING ELSE
90% of businesses are unable to execute
the strategy they have on paper as
• only 5% of the workforce
understands what the strategy is
• 60% of organisations do not link
budgets to strategy
• 70% of organisations do not link
95% of senior business
management incentives to strategies
leaders say Customer
Experience is the next • 85% of executive teams spend less
than 1 hour per month discussing
competitive battleground yet
strategy
nothing happens.
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- 62. THE CHOICE
Be true,
so I don’t look
like a liar
If you want to influence WOM you have to convince
your organisation to deliver what you promise
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- 63. In which the first step to take is confront reality
STAFF – CUSTOMERS –SUPPLIERS – CONSUMERS
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- 64. Make it something I
really care about
Make it fun, credible
and memorable
Make it something I
can easily tell others
Be true, so I don’t like
to look like a liar
my
Tell me a story that makes
more interesting
conversations
FUTURELAB
- 65. In which you can estimate the value you generate, so
you can even make a business case for your boss
Good Experience Top 3 Purchase Influencers %
I tell 4 people In-store Sales Associate 49
In-store demonstration 36
Word-of-mouth from family & friends 33
Bad Experience
Newspaper Coupons 25
I tell 18 people
Internet 21
Product/Company Information 16
Average Sale Retailer information 14
£ 230 Other 14
Anonymous Case: Magazines 4
UK Consumer TV 4
Electronics Radio 3
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