Archives for posts with tag: media

Today, we want to point you to one of this year’s top resources about the state of media (and one you should bookmark) – Nielsen’s State of Media: The Social Media Report 2012. There’s no need for us to peel back the layers and outline every piece of it, but we do want to point out a few key findings before you guys spend some quality time with the report itself.

1. Compare the amount of time spent on social media by device category: PC vs. mobile/tablet. On average, mobile web & apps win out over PC. That is pretty significant when you consider where web development, advertising dollars and marketing campaigns will go in 2013 and beyond. We have passed the tipping point: the PC is now the “old” interface. Mobile devices have overtaken the PC when it comes to digital social usage.

 2. Year over year, unique users of the mobile web has almost doubled in the US. (82% increase.) Mobile app users have also increased by 85%. PC web users, however, have gone down a bit (4%). Something about these numbers remind us of other media tipping points we’ve seen in the last few years.

To make this data relevant to you, let’s focus on a few quick questions: where are your customers? How are they accessing the web? How much time are they spending there? (How much time are they spending there compared to “traditional” media, and how will this impact where you focus your resources and budgets?) What kinds of experiences are they expecting? What are they talking about? What does this all mean to your business?

 

3. Year over year, US web users spent 120% more time accessing digital content through apps than a year ago vs. +4% via the good old PC. But wait… when you look at net numbers, the lion’s share of minutes spent accessing web content the PC still dominates: 363 billion minutes (PC) vs. 158 billion minutes on mobile web and mobile apps combined.

So here, think trends vs. volume. Be aware of the shift, but be also be aware that the good old PC-based web is far from dead. Plan for mobile, plan for apps, invest your money there, but don’t abandon the non-mobile web just yet. Think “and” rather than “or.” Think combination rather than replacement.

 4. Social TV: look into it. How this ties into advertising, reach, WOM, net promoter score and customer acquisition isn’t super complicated.

Also, from January to June 2012, active Twitter users discussing or sharing updates about TV content grew from 26% to 33%. Whether you are a media buyer or a social media director looking to justify your budget, this trend is worth keeping an eye on. If it inspires you to use social media to drive the reach of your television content (including advertising), you’re on the right track.

How can social channels and social sharing increase reach and amplify the reach of your content? How can these same mechanisms help customers discover your products or move them up into their hierarchy of planned purchases? How might you leverage monitoring platforms to better understand these mechanisms and tie them into customer acquisition, development and retention strategies?

(If you weren’t yet asking these questions, you should be.)

5. “Second-screen” is actually a little more complex than what has been presented to your team, but that’s a good thing. Here is a quick breakdown of what people actually do on the web while they are watching television content (and how they do it):

- Shopping (45% on tablets)

- Looking up product or special promotion information (TV ad related; 50% on tablets)

- Visiting social networks (44% on tablets)

- Doing research on the show they are watching (35% on tablets).

Takeway 1: Immediate calls to action work. If you are buying ads on TV (or working with product placement strategies), make sure that your digital storefront and/or digital springboard towards an offline purchase is a) easy to find, b) easy to share, and c) built to drive the user behaviors you expect it to drive.

Takeway 2: Tablets trump phones when it comes to second screen experiences. Design your digital marketing platforms accordingly:

1. Build deliberate second screen experiences.

2. Design one-click tie-ins to product pages, social channels and other relevant content.

Takeaway 3: If you plan on paying for TV content in 2013 (advertising or actual programming), you’re going to need to include a second-screen plan to go along with it. Not doing this is basically the equivalent of posting a phone number in an ad but not having someone to answer the phone if someone tries to call. Relying on people to Google your product, your TV program or your company worked great in 2010. You can’t really just rely on that anymore.

Note: Your second screen experience should include a) social components (sharing, #hashtags, links to Facebook, Twitter, etc.) and b) transaction driver components (links to product feature pages, customer reviews, online stores, and brick & mortar store websites).

Okay, that’s it for us. Big thanks to Nielsen and NM Insights for putting this together. Reports like this one tend to help companies make better digital spend decisions, so that’s a huge + in our book. For that, it goes at the top of our 2012 studies bookmarks. Great stuff. We hope it will help you with 2013 planning.

To check out the full report, go here.

To return to Tickr.com, click here.

Cheers,

The Tickr team.

by Olivier Blanchard

As the year ends and you start to meet internally to discuss next year’s planning, it might not be a bad idea to think about the changes already underway when it comes to media consumption, channel erosion, technology shifts, and what this all means to your business. Hopefully, this post will help you make smart decisions about where to focus your attention, efforts and funding in the next 12-18 months. No need for us to write a white paper on what it all means. We want to give you the information you need without saddling you with filler, so expect some bullets and key takeaways, but the graphics we have selected should speak for themselves. Pay attention and you should be able to connect the dots all on your own.

Let’s start with the graphic at the top of this post: Global Media Consumption per week 1900-2020. What do you see?

1. The main line: Global media consumption doubles every 25 years or so. Bear in mind that there are only 24 hours in a day, so that curve eventually levels off (even with second and third screens… but we won’t get into that today).

2. The nature of media is changing: 5 years ago, 50% of media was digital. In 8 years, that ratio will be 80%. Think about that and what it means.

3. Individual performance of specific media:

Print is steadily shrinking and has been since the 1940s, contrary to popular lore about the internet killing print. This is not a new phenomenon. It’s accelerating, sure, but it isn’t new. TV started that trend long before most of us were born.

Analog TV and radio formats have been replaced by digital formats. Radio has been relatively flat for a very long time. TV saw enormous growth from 1940 to 1980 but has been relatively flat ever since. Note that this graph doesn’t look at the growth of channels (channel proliferation and fragmentation, but consumption only. Adding 100 new TV and radio channels per day wouldn’t affect consumption).

Outdoor has been relatively flat for over a decade, as has been cinema.

So what’s growing? You already know: Internet, mobile (wireless) and games.

Speaking of mobile:

What this graph tells us:

Mobile cellular subscriptions are steadily increasing worldwide each year, as is the number of internet users. Active mobile broadband subscriptions are also growing quickly. That’s the black bar on the graph. It isn’t even there in 2006 but by 2010, it already reaches about 1 billion.

What’s flat (or close to flat?) Fixed broadband subscriptions and fixed telephone lines.

What does this graph show us?

1. Look at the relationship between internet users (green) vs. Fixed broadband subscriptions. What do you see? There are far more internet users than broadband subscriptions. Part of the reason for that is that one broadband subscription may serve an entire household or office, but there is more to it than that: Mobile broadband. More and more people now access the web through mobile devices. It isn’t to say that PCs are dead, but this indicates a pretty key shift in how people (it’s okay to call ourselves consumers) now access content and information.

2. Look at the relationship between fixed and mobile broadband (pink and black, respectively). In 2006, fixed broadband was it. By 2008, they were essentially tied. By 2011, mobile broadband was double the size of fixed broadband.

Bear in mind: Mobile broadband subscription = 1 user. Fixed broadband = several users. It’s simple math. Regardless of the apples to oranges comparison, growth is growth. Shift is shift. 75% of media will be digital in just 4 years. 80% of it will be digital in 8 years. Mobile devices are becoming the interfaces of choice for digital content. If you aren’t building your business processes and designing your content with this in mind, don’t blame “the economy” for what is about to happen to your market share.

Now let’s look at a quick graph on the relationship between age and internet use in developing economies vs. developed economies:

 Now look at this:

See the change in just 5 years?

Here’s another one that should make you think a bit, especially if your company has a global footprint:

Three things:

1. Globally, 45% of internet users (regardless of the interface) are under the age of 25. Though it may be obvious to most of you, don’t take for granted that every CEO and CMO has figured this out yet: It doesn’t matter if your typical customer is mostly over the age of 35. In 10 years, those 25-year-olds will be potential customers and they will expect you to do business the way they want you to do business. Better start working on them now. And while you’re at it, better start working on bringing every aspect of your business and its marketing/communications up to speed. You wouldn’t believe how many senior executives completely miss this.

2. Developing economies have some catching up to do when it comes to internet use, but they are quickly closing the gap.

3. Look at the growth of 3G penetration between 2009 and 2014: From 39% to 92% in Western Europe. From 9% to 40% in Eastern Europe. From 38% to 74% in North America. Japan hits 100% two years from now. 100%. (Japan is the model, by the way.) Even developing regions like Africa, the middle East and AsiaPac (minus Japan) are quadrupling 3G mobile penetration in the next two years. We are moving towards 80% of all media being digital. Mobile devices are increasingly becoming the digital interface of choice for consumers. Connect the dots.

Here’s a thought if you still don’t understand how this applies to your business: Follow the money. If it isn’t clear why any of this matters or even where things are going, look no further than shifts in advertising budgets in relation to digital and other media:

What do you see? Ad spend is flat in print (actually shrinking a bit) while digital ad spend is steadily growing. Every graph that compares online ad spend to other types of media ad spend look basically like this. If you don’t understand why this is happening, the graphs further up the page will help connect the dots.

Here’s another graph that ought to make you think about how your media planning strategy should already be shifting:

 What this graph shows is the point where online video wins the attention war and TV begins to recede. Same content but different interface, different medium, different level of user control. 2019 will be here before you know it. (The graph may even err on the side of caution. Things might already be moving faster.) What are you doing today to prepare for the television set’s Waterloo? From media buying to content production and distribution, are you sitting on your hands talking to analysts about future trends or are you staffing up with people who understand this and know how to prepare you for it?

Just as importantly, how are you restructuring your market research and consumer insights programs? (Are you? You should be.) This might help.

Let’s continue with today’s #graphfest. This ought to shed some light on what is happening on the interface front:

The 411: Desktop PCs are flat and mobile PCs (laptops) are growing. No surprise there. Also no surprise as to the growth of smart phones and tablets. But check this out:

Smart phones sales overtook desktop PC sales in 2008 and will take over mobile PC (laptop) sales in 2013. That’s next year.

Tablet sales will overtake desktop PC sales (that boxy thing taking up space in your employees’ cubicles) next year.

If you are an executive, go for a walk around your offices and ask yourself: What decade are you operating in? In fact… What century are you operating in? Look at your business processes, internal collaboration, media planning and productivity. Go spend a day at a media conference or tour your local coffee shops. Ask yourself if your business is operating in a bubble or if it is as technologically and strategically competitive as it could be. Be honest with yourself. Tip: If the average twenty-something hipster lounging around at Starbucks is better equipped than your average middle manager or business development team, the answer is no. Here’s another one: If your business isn’t creating apps or content specifically designed for these new devices (let alone social channels), the answer is also categorically no.

Every time you spy an executive working on a presentation on a plane, look at what kind of tech they use. Every time you see one using a boxy old laptop, you know the organization he or she works for is already falling behind. Why are these folks still using 2007 technology in 2012? You don’t see five year old tech winning on the racetrack, the field, the court or the links, right? Business is no different from sports in that regard: Outdated technology doesn’t give anyone an advantage. All it does is make you less competitive. Get unstuck.

Here’s a thought: When the world is changing faster than you are adapting to that change, it’s time to start a) worrying, and b) doing something about it. The idea isn’t even to eventually catch up, mind you. That’s a defensive position, a survival position. The idea is to actually get ahead of that change. That’s where the real competitive advantage is. Survival is a nice default position, sure; many businesses aren’t even there. But with only maybe 5% more thought and work than it would take to just play catch-up, you can shift from being just an “also in” company to becoming the leader in your industry or category inside of 5 years. That sort of surge in competitiveness doesn’t happen by accident. It takes will, foresight and initiative. That takes leadership. Real leadership. And sorry to have to tell you this, but real leaders make it a point to know what matters. “I don’t understand this new digital stuff” isn’t going to cut it anymore. Not understanding how things work anymore isn’t a sign of leadership. It’s an urgent call to action. Learn this stuff. Get caught up. It isn’t that difficult, and yes, we can help.

One last little media-related graphic to close today’s post and help you get your bearings:

Something else to think about: Becoming more “social” is only part of the shift that is taking place in media. It’s important, vital even, but without understanding how media as a whole is evolving, being “more social” probably won’t do most companies a whole lot of good. We’re seeing that already. There is a much bigger field, and the more of that field you and your senior leadership see, the better equipped you will be to not only survive the next decade but come out of it stronger and more competitive than ever. That’s the goal, right?

Final thoughts:

Don’t forget to plan beyond next quarter and/or year.

Get IT more involved in the day to day discussions that affect your business.

Rethink your hiring requirements.

Rethink the way you conduct market research.

Rethink the channels you use to connect with customers.

Rethink your relationship with consumers.

You aren’t necessarily going to become a digital business, but your business does need to be as effective in the digital space as it is everywhere else.

Welcome to the great reshuffling of the Fortune 5000 world.

*          *          *

 

Follow our feeds on Facebook and Twitter for a lot more updates and information about social business, digital media, monitoring and market intelligence. (We promise we won’t spam you.)

And if you haven’t yet, start building Tickr pages right now. It’s simple and quick, and you can take them with you everywhere you go.