Make Use of Mobile Marketing – Play Where You Can Win
A surprise viral hit: Income inequality, the movie. Time 6.24 min
by Krissy Clark
Marketplace for Friday, March 8, 2013
STORY
You may have seen this video recently, about wealth inequality.
It’s gone viral over the last week or so, which isn’t news in itself, of course. Stuff goes viral all the time. But usually it’s cute kids dressed as turtles, strange and hilarious music videos and music video spoofs.
But wealth inequality? Not the sexiest of subjects.
It’s not a flashy video. It is a little over six minutes long. It has moody music. It has a voiceover from a guy with a slight southern twang. It has lots of charts showing how Americans think wealth is distributed, compared to how it actually is.
So why does this video suddenly have more than 3 million hits?
I decided to work backwards and follow the viral chain. I first saw the video thanks to my boyfriend, who’d seen it through a post his friend, Brent, put on his Facebook page. I called up Brent, and he told me he found the video on Facebook too, and has no idea who made it. His best guess was “some guy in his bedroom who said, ‘You know, people need to know about this. I’m just going to make a little animation here.’”
Brent’s theory is basically right. Someone by the name of “politizane” posted the video back in November on YouTube. A reporter from the magazine Mother Jones tracked politizane down a few days ago. He said he wanted to stay anonymous, but described himself as a freelance designer, “from a red state,” who’d been struck by a wealth inequality study he’d read about, conducted by two professors.
Duke Marketing professor Dan Ariely happens to be one of those professors. “I think what made it big,” Ariely says of the video, “was that one of the actors from Star Trek put it on his Facebook.”
That actor, George Takei, who played Sulu on “Star Trek,” told me he posted the video right after the sequester kicked into gear, because he’d been thinking a lot about how the across the board budget cuts might affect an already shrinking middle class.
“I thought that video captured it so visually, so powerfully,” Takei told me. Takei happens to have 3.6 million followers on Facebook, meaning he’s a sort of “super connector” who all by himself can help a video go viral. But it turns out that Takei also found the video through Facebook, in a post that a friend linked to from mashable.com.
Websites like Mashable and Upworthy, which also posted the video in the last few days, make a lot of money embedding videos they think will go viral, says Maksim Tsvetovat, a professor of computer science who researches social networks at George Mason University. These sites will either sell ads next to them, or sell data on who clicked on what posts. “That data itself is priceless,” explains Tsvestovat. “Marketers will pay a lot to know what are people’s interests, how information spreads on a specific topic, and how fast.”
To those who see irony in a video about wealth inequality generating serious revenue for private businesses, Tsvetovat points out “it’s in the nature of capitalism to exploit anything that looks like an opportunity.” Even when that opportunity is a viral video highlighting the impact of unfettered capitalism.
Marketplace’s Wealth & Poverty www.netkaup.is
Dollar Shave Club spent $4,500 on a video that’s had more than 5 million YouTube hits and spawned dozens of response videos in the four-and-a-half months since it’s gone live.
# 1 “Think deeply about the problem you’re solving,” Mr. Dubin said. In other words, find the insights that will make people care about the video — which in this case were the same ones that made them care about the Dollar Shave Club brand. Razor blades — both the high cost and the inconvenience of buying them from the locked “razor fortress” in stores — are “an emotionally supercharged subject.”
# 2 “Identify a resonant shared human experience around it and then build your concept around that,” Mr. Dubin said. “In just about every beat of the video … we’re talking about the business and the benefit of the business.”
# 3 Keep it brief. “The video is really really tight,” Mr. Dubin said. “This video is a minute-and-a-half long, and that’s really, really important. It was going to be a lot longer, and thankfully the director I worked with who helped me, who I also did some improv with in New York, she really helped me pare it down and keep it brief. Nobody wants to watch your five-minute video. Nobody forwards around a video they didn’t watch all the way through.”
#4 “Don’t give people a video they could have written themselves.” Dollar Shave Club’s video may have been low-budget, but it was created by people, including Mr. Dubin, with years of experience both in improv comedy and video production, giving it considerably more punch than your average $4,500 production. “I would encourage you … to hire some comedy writers. Go down to the local comedy club and bring them into your marketing brainstorm. I studied improv for eight years at the Upright Citizens Brigade as a hobby and loved it. … A lot of my teachers are now on television and in film … and I always thought they were missing a big opportunity, which was to start their own agency.”
The video was so funny that some folks thought it was a spoof, Mr. Dubin admitted. That impression was compounded by the fact that it produced enough hits to crash the company’s website. This led some YouTube commenters to suggest the business was a great idea someone should do for real.
So among lessons learned, Mr. Dubin said, was to have more bandwidth — both the literal kind and in terms of human capital. The biggest thing he’d change is to “spend more time to find the right people,” which has become one of his favorite parts of the job. And, to that end, Mr. Dubin announced from the dais that he’s seeking a VP-marketing, asking folks to contact him at Michael@DollarShaveClub.com.
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Fab was founded June 9th 2011. The Goal was simple : To make people smile with the help of great design. Bringing Color and creativity to people.
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Saturday, June 16th, 2012
Editor’s note: Leo Chen is a former product manager at Amazon and is currently the co-founder of Monogram, an iPad fashion discovery and shopping app funded by 500 Startups. You can find Leo on Twitter @leoalmighty.
Death of brick-and-mortar retail
Andrew Chen recently recommended a video to me (please click video), which inspired this post. It’s a keynote by Ron Johnson, the CEO of J.C. Penney, Inc and the man behind Apple’s retail revolution. In the video, Johnson spoke about the history of the department store and why JC Penney has fallen behind.
It wasn’t very long ago that stores like J.C. Penney, Nordstrom, and Gap were the pinnacles of fashion retail. These retailers provided better products at unbeatable prices. Retail buyers acted as personal curators for customers and the in-store experience was exceptional.
Then came e-commerce. Predictable products like books, CDs, and electronics drove the first wave of e-commerce for e-tailers like Amazon. But fashion lagged behind. Consumers want a tactile, in-person experience when it comes to garments. They need to touch and try it on. Even as e-tailers offered lower prices, consumers preferred to shop in stores.
That all began to change when Zappos came along with free shipping and returns; customers are encouraged to order multiple sizes and colors, try on the items in the comfort of our homes and return what we don’t want. For free. Coupled with better product visualizations (large images, multi-angle views – see Warby Parker and MyHabit), consumers are increasingly turning to the web for their fashion needs.
‘Apparel and accessories’ is projected to be the leading category in e-commerce in the US over the next 5 years.
But soon, online retailers will also become less relevant
The bar for e-commerce is rising every day: great visuals and free shipping are fast becoming commoditized. If product, price and service are the same, consumers will grow indifferent towards the seller.
Retailers still drive marketing, supply chain and distribution for designers and brands, but how long before brands figure this out themselves? Social curation and discovery tools like Pinterest and Fancy are leveling the playing field for retail marketing; Amazon is disrupting supply chain and fulfillment (more on this next).
So why are we still shopping at a handful of our so-called “favorite stores”? Because the internet has a noise and discovery problem. I believe that’s where the next wave of fashion tech innovation will take us.
Pinterest has found an optimal balance between aspirational browsing and shopping. Social shopping is more about discovery, conversations and relationship building, something that’s apparent in the way Pinterest users interact.
As Pinterest evolves, they will focus more on monetization and driving direct commerce. They have already experimented with affiliate links and the Rakuten investment is a strong hint at direct commerce. Here’s what I predict Pinterest might do next (purely speculative, of course):
Challenges Pinterest will face
As Pinterest scales, the biggest challenge will be surfacing signal buried in noise. It’s the Facebook Newsfeed problem, but much more difficult because of its focus on fashion and other tastemaker products.
What’s next in fashion tech?
To date, most fashion tech companies are more commerce than tech. If you look at Gilt and Fab, they’re primarily commerce companies built on fairly standard e-commerce backends with some slight twists. It’s hard to drive disruptive innovation when your KPI is revenue.
In order to fundamentally change the way people shop, we will need teams with fashion experts, product visionaries, deep technical horsepower and growth hackers. It’s a hard combination to find, especially when most hackers in the valley shlep around in jeans and t-shirts — they’re not their own target user.
What will online fashion shopping be like in the future? I believe today’s multi-browser-tab search and filter behavior will feel as ancient as printed maps and yellow pages are today.
When I have a specific purchase in mind:
When I’m in the mood to browse:
Welcome to the future.
Andrew Chen The recommended video which inspired this post.
How SEO With Video Can Rank You On Google’s First Page with moderately competitive keywords. You can use PPC but if you don´t know what you are doing you might as well throw your money away. The Method is with VIDEO to rank on Google´s first page in 3 days. Above those with hundred of thousunds of back links pointing to them http://www. etc.
It takes an average of 3 days to get your VIDEO ranked high for almost any KEYWORD. Dominate the search SEO game now and you can sell using VIDEO with good ROI. Return on Investment. Andy Jenkins.
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CAMBRIDGE, Mass. — Harvard and the Massachusetts Institute of Technology have joined forces to offer free online courses in a project aimed at attracting millions of online learners around the world, the universities announced Wednesday.
Beginning this fall, a variety of courses developed by faculty at both institutions will be available online through the new $60 million partnership, known as “edX.”
“Anyone with an Internet connection anywhere in the world can have access,” Harvard President Drew Faust said during a news conference to announce the initiative.
MIT has offered a program called OpenCourseWare for a decade that makes materials from more than 2,000 classes available free online. It has been used by more than 100 million people. In December, the school announced it also would begin offering a special credential, known as MITx, for people who complete the online version of certain courses.
Harvard has long offered courses to a wider community through its extension program.
The MITx platform will serve as the foundation for the new learning system.
MIT President Susan Hockfield said more than 120,000 people registered for the first course offered by MITx. She said Harvard and MIT hope other universities will join them in offering courses on the open-source edX platform.
“Fasten your seatbelts,” Hockfield said.
Click on the link :
Other universities, including Stanford, Yale and Carnegie-Mellon, have been experimenting with teaching to a global audience online.
Online edX – Digital Education for learners Worldwide.
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21. mar. 2012
Fanfest brings together press, gaming industry and players in a massive celebration of the virtual world of EVE Online next weekend on March 22- 24th. Travelers from all around the world gather in Reykjavik for the occasion. Allies and rivals alike set aside their in-game differences to share drinks with one another and forge new friendships. CCP developers mingle with the community, always up for “talking shop” and getting to know the players.
GusGus and Ham headline CCP Games annual EVE Online Fanfest “Party at the Top of the World” show on Saturday night.
Previous years guests include 2manyDJs, Booka Shade and FM Belfast.
Also performing this year will be HaZar, PartyZone DJs, RöXöR, Permaband & DJ Margeir.
Please visit EVE Fanfest site for further details:http://fanfest.eveonline.com/en/default
Managing Editor, Mobile Commerce
Topics: Amazon, Amazon.com, Best Buy, m-commerce, Mobile,mobile commerce, mobile comparison shopping, mobile in-store, mobile statistics, Target, Wal-Mart Stores
It’s a store retailer’s worst mobile commercenightmare come true. 29% of consumers who use a smartphone to research a product while in a retail store end up purchasing the item online, many fromAmazon.com Inc., according to a new study by market research firm ClickIQ.
Of consumers who used a smartphone to research in-store and then purchase online, 55% were men and 45% were women, says the survey of 406 U.S. consumers who have researched a product while in a store and purchased that product.
For store merchants wandering their aisles watching shoppers on smartphones, age is a key indicator of who is comparing products and buying online. 26% of consumers age 30-39 and 25% age 18-29 recently used a mobile device to research a product while in a store. The numbers fall drastically from there with only 12% of those age 40-49, 6% age 50-59 and 2% age 60 or over researching products in a store using a mobile device.
Some big retailers are being hit the hardest by this m-commerce activity. Respondents possibly visited more than one retailer but the study shows that the retailers most frequented for research were Best Buy Co. at 36%, Wal-Mart Stores Inc. at 30% and Target Corp. at 29%.
To find out what happened after the in-store research was complete, survey respondents were asked to state where they eventually purchased the product they were researching. Best Buy did the best job of retaining the sale. 35% of those that researched at Best Buy ended up purchasing at the Best Buy store with another 14% purchasing at BestBuy.com. However, 21% purchased the product from Amazon.com. The rest did not purchase. Of those that did their research at Target, 29% purchased at the Target store, 8% purchased at Target.com and 21% purchased from Amazon.com. Wal-Mart retained 26% who purchased at the Wal-Mart store and 10% who purchased at Walmart.com. Wal-Mart lost 24% to Amazon.com.
When respondents were asked why they made the purchase where they did, an overwhelming 67% stated price as the determining factor. Lagging behind are availability at 14%, product features at 8%, free shipping at 7%, and already at the store 4%.
Amazon.com is No. 1 in the Internet Retailer Top 500 Guide. Best Buy is No. 11, Target is No. 22 and Walmart.com is No. 6.
Árni Rafnsson
Nco online – netkaup.is
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Egill í Silfrinu átti góðan sunnudag þann 12. 02. 2012
Egill Helgason – Maður Dagsins !
Straumhvörf í hagfræði. Nýtt upphaf www.netkaup.is
Ráðlegg öllum að hlusta vel á þetta viðtal við “málsmetandi” hagfræðing sem þorði að koma fram með gagnrýni á eigin fræðigrein.
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Gorilla Glass manufacturer Corning has unveiled a follow-up YouTube video to its wildly successful “A Day Made of Glass,” providing another look into what the future could be like with the growth of glass touchscreen interfaces, from innovative chalkboards and activity tables in classrooms to uses for it in hospitals.
Corning released two versions of “A Day Made of Glass 2″ — one with a narrator and another, abbreviated version without commentary — the video follows the life of young Amy and her family as they go through their day using various products made of glass. Amy does classwork on a glass tablet, controls the temperature of the car from the backseat and even attends a field trip at the Redwood Forrest with an interactive signage that brings learning to life. Her teacher also works with students on interactive touchscreen activity tables. Corning expects these activity tables to be rolled out in the near future.
Last year’s video, which followed the same family, brought in over 17 million hits on YouTube and left many in awe of Corning’s interpretation of what’s possible with photovoltaic glass, LCD TV glass, architectural display and surface glass, among others.
However, many left comments on YouTube asking which technology is actually possible with today’s resources and pricing. This time around, though, new technologies and applications are highlighted, such as glass tablets, multitouch-enabled desks, solar panels, augmented reality, electronic medical records and anti-microbial medical equipment.
Corning may be making headlines these days for its Gorilla Glass product — a super-strong, lightweight glass which can withstand drops and mistreatment — but it’s hardly a new company and no stranger to innovation. In fact, the 160-year-old business even worked with Thomas Edison to create inexpensive glass for his lightbulbs.
However, Corning noted at the press screening that there are several challenges the company is facing this year, largely due to lower LCD glass prices, higher corporate tax rates and declining equity earnings, which have combined to lower Corning’s profitability.
Although LCD glass sales are likely to be flat through 2014, the company said it will remain profitable and continue to generate large amounts of cash. Last week, Corning announced that it raked in record 2011 sales of $7.9 billion and plans to grow profits to $10 billion by 2014.
The company also recently announced that it is joining forces with Samsung Mobile to manufacture Lotus Glass for Galaxy-branded smartphones and Super OLED TVs. Corning’s ultra-slim, eco-friendly Lotus Glass is known for strong performance and withstanding higher-processing temperatures.
Although Corning’s first “A Day Made of Glass” video was unveiled a week ago this year, Corning’s vice chairman and CFO James Flaws told Mashable that he couldn’t comment on whether or not the clips will become an annual tradition.
03.02. 2012 by Samantha Murphy www.netkaup.is