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Business Mentor: How to successfully use social media for business

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By Armando Bartolome.

The core of any business revolves around the right marketing strategy to gain leverage over competitors. And knowing how much time, effort and money are spent making a sustainable business, choosing to use social media as one of the vehicles in expanding any company’s reach is no longer ignored these days.

Social media, however, is more than just being connected to the internet and having a spot in the virtual world.

A business would not have a successful online presence without putting all these factors into consideration: audience targeting, writing, designing, budgeting, time, resources, and analyzing all data.

Here are 3 simple steps for successful social media advertising:

KNOWLEDGE

It is a known fact that no one can prosper in anything that he has started without having enough knowledge of what he wants to offer to the consumer and being able to identify how to get to them. Additionally, as social media advertiser, before you can actually ask them to purchase anything from your business, you need to establish a connection that could stir their minds so they would consider to purchase from you.

A very important reminder when using social media is to help increase audience awareness of your brand by focusing on organic social media posting and strengthening your top performing content. The reaction of your virtual audience serves as your guide on how to tickle their minds about what you offer.

One of the biggest opportunities for many brands with restricted time and resources is to boost top performing posts from their Facebook page. It is not only the inexpensive form of social media advertising, but also provides the business with a way to reach a new customer segment that has not been tapped by traditional ads.

Making organic social media content is a powerful catalyst that helps increase word-of-mouth marketing. It is unlikely for people to share an advertisement that feels like an advertisement within their social circle.

RECOGNITION

This is the stage where your brand needs to have that “umph,” which can be easily distinguished from other competitors. This is the stage where consumers are either familiar with your product or recognize that they have a pain point and are researching options.

Using Facebook ads, targeting the correct audience can lead to higher conversions and lower costs. You can target users based on age, location, mobile device, interests, income, job title and tons more. But the greatest success is targeting users who like pages similar to yours.

Remember, successful content at this stage depends so much on the value and perceived value that you’re providing. There are important things that you should consider:

1.    You want to let people know what makes your brand different from other similar brands

2.    You want to make a compelling advertisement that can encourage them to click.

TRANSFORMATION

This stage, also known as the conversion stage, means that people have already become familiar with what you offer and are ready to purchase from you or that they have identified a solution to their problem and are ready to purchase a product. This is the stage where you can say that you have converted a non-believer into a believer.

The success of this stage is due to the following critical components:

1.    The quality of the targeting audience that you chose.
2.    The quality of ads created.
3.    The ability to track results from the ads created.

 

By Armando Bartolome.

For questions and more information, you may contact Armando “Butz” Bartolome by email: [email protected] or on twitter https://twitter.com/philfranguru his website is https://www.gmbmsglobal.com

Sourced from ABS CBN News

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Retail Marketers Are Bullish Moving Into 2018

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Nearly 90% of retail marketers will increase marketing spend this year.

By MediaStreet Staff Writers

RetailMeNot has released result of a study showing how retail marketers will expand their content, use their marketing spend and what they are planning in 2018 to better engage and convert consumers.

This year, 9 in 10 retailers will increase marketing spend, and marketers will spread their increased budget almost evenly among marketing channels such as social, mobile, brand and display. This move reflects the need to ensure that every customer is receiving information in the channel of their choice. Interestingly, 93% of mid-sized retailers (between US$500 million and US$1 billion in annual revenue) are increasing their budget compared to 86% of large retailers (more than $1 billion in annual revenue) indicating an increase.

“Retail marketers are no longer thinking in channel silos. They are approaching commerce holistically with an understanding that consumers are channel-agnostic,” said Marissa Tarleton, CMO, RetailMeNot. “Delivering an experience that meets the consumer in the moment across the shopping journey will be the pathway to success for brands.”

Tackling New Trends and Challenges

While trends like virtual reality are still an exciting frontier, most retail marketers have their sights set on more realistic forward-looking trends. More than half of retail marketers surveyed believe improving mobile web checkout capabilities (52%) and offering exclusive promotions for mobile app users (51%) will positively affect sales growth in 2018. Additionally, voice-assisted shopping is an area that 39% of retail marketers plan to implement, with many retailers hoping to capitalise on increased use of smart home systems and smart speakers.

About 50% of retailers indicated they will use multi-touch attribution in order to better monitor the quality of traffic from their advertising investments. Further, retailers will become more bullish on advertising fraud as they look to ensure that their marketing is reaching the highest quality audience. More than 6 in 10 retail marketers (63%) will increase their direct media buying in 2018 in order to better monitor the quality of their traffic from advertising investments.

Holistic Approach to Increasing Sales

Retail marketers are wisely embracing mobile as a conduit for sales both on the phone and in physical retail stores. Based on our survey, retail marketers believe mobile is the key priority for positively affecting sales growth, and 72% will use mobile marketing to drive in-store sales. Further, 82% will rely on mobile marketing to drive in-app sales.

As marketers look to increase revenue in the coming year, their team structures and channel approaches will evolve to become more cross-functional. In fact, 50% of retail marketers say that their mobile marketing team falls under digital marketing within their organisation, up from 41% in 2016.

Finally, promotions continue to be top-of-mind for driving sales. Most retailers (76%) plan to increase the amount of promotions they are offering in 2018, and 86% will partner with websites and apps that focus on deals, cash back and loyalty programs.

“The convergence between physical and digital shopping will blend even further this year,” said Tarleton. “As retail shifts continue, delivering seamless shopping experiences—be it in-store or online—are critical to success.”

RetailMeNot is a savings destination connecting consumers with retailers, restaurants and brands, both online and in-store. The company enables consumers across the globe to find hundreds of thousands of offers to save money while they shop or dine out.

 

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Over Half of Millennials Check Snapchat Daily, Much More Than Boomers and Gen Xers

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Social media preferences differ by generation, but most users spend their time consuming – not creating – content on social media apps.

More than half of millennials (53%) say they check Snapchat daily, which is three times more than Generation Xers (18%) and eight times more than baby boomers (7%), according to new data from The Manifest.

Baby boomers prefer Facebook over Snapchat, and they check Facebook more than millennials. More than 9 out of 10 of baby boomers (93%) open the Facebook app at least once a day, compared to 85% of millennials.

The findings indicate that preferences for certain social media apps differ by age group. However, Facebook’s overall dominance – with nearly 90% of all social media app users saying they check it at least once a day – demonstrates how Facebook made its platform appealing to a variety of users.

“Facebook invested considerable resources over the last 10 plus years in making an experience where everyone can find value in the platform,” said Josh Krakauer, founder and CEO of Sculpt, a social media marketing agency.

In contrast, Snapchat’s emphasis on short-lived content and the camera as a communication tool attracts younger users, and millennials in particular, who want a more personalised and unfiltered social media experience.

Snapchat appeals to younger generations who are used to getting the specific information they want, when they want it. Older social media app users may be more comfortable consuming content television-style, where what you see and when you see it is partially decided for you.

“As Facebook has catered to everyone in the world, Snapchat has doubled down as being a place that still feels raw, unfiltered and personal,” Krakauer said.

What Are Smartphone Users Doing on Social Media Apps?

While users spend a lot of time on social media apps, they don’t often publish content. The largest percentage of respondents (36%) say they most commonly use the “like” or “favourite” features on social media apps.

This finding correlates to the “90-9-1” rule of internet content, say experts. “[The rule] says that 90% of the time we just consume content, 9% of the time we interact with content, and only 1% of the time we actually share something,” said Sheana Ahlqvist, lead UX researcher at PhD Insights, a user research agency.

Simply liking or favouriting content on social media is a relatively seamless behaviour, requiring little motivation. The easier an online action is, the more likely a user is to complete it.

“The liking and favouriting is like saying ‘bless you,'” said Alex Levin, co-founder of L+R, a Brooklyn-based creative agency. “You can do it in an action that isn’t offensive.”

In addition to exploring app user behaviour, the survey helps businesses interested in building an app learn from the success of social media apps.

 

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High Impact Digital Marketing Tips to Sell More

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If you have a sales event coming up, like the end-of-season sales, then here are the tips you need to know.

By MediaStreet Staff Writers

The actual benefits of designing commercial strategies around events like America’s Black Friday or China’s Singles Day improve market platforms and strengthen the domestic economic market because it’s a great opportunity to encourage consumption and sales.

On Black Friday, for example, thousands of companies from different industries tag along with the commercial event and offer large discounts on their goods and services. However, competition is rife. An offer can lose its meaning when another company offers a better one, and what’s more, businesses must not only participate in Black Friday, but really know how to stand out and attract consumers.

So how do you as a marketer get your business to stand out?

Here are some tips from Adext. They deploy and optimise online advertising campaigns on Google, Facebook, Instagram and thousands of websites to increase the sales of SMEs that have limited resources for the activities.

1) Plan a strategy: It’s not enough to offer irresistible discounts on events like Black Friday… You need a promotion strategy with a clear action plan and execution dates. You must be clear on what discounts and incentives you’ll promote, how you’re going to put them across, the digital platforms you’ll use, who you’ll target, when and why. The what, how, where, when and why questions are key to developing any action plan. Come up with answers to them while always keeping the goal you want to achieve in mind. In this case, it’s sales.

2) Research your competition and make sure to offer something really attractive: You could offer a 10% discount, but if your main competitor offers 25%… You can imagine the outcome. If you want to take the lead, look at what they’re doing and ask yourself how you can beat their discount and/or add more value (without affecting your profit margins). You could give your prospects something of value like a gift for their loyalty, or an extra incentive for them to buy more. Also, don’t forget to let your imagination roam and build your offer or promotion around a creative concept.

3) Build Anticipation: Teaser campaigns are wonderful for building your target audience’s curiosity. Don’t reveal your discounts, offers or incentives too soon… Let your prospects discover what they are as anticipation builds. They should be interested and intrigued to find out what you’ll offer them on your sales event day. There are several examples of clever, catchy strategies where they invite their prospects to go to Snapchat to discover what the 10 star products reduced to €10 are.

4) Send your prospects emails: You can send a few emails before the big sales day (to build anticipation), and other reminders before the day arrives.

Here are three tips to make your email marketing campaign a success:

  • Make sure to add an attention-grabbing title or subject line to your email. An email subject line you see all the time, like “Check out our discounts!” will go unnoticed. But if you can entice the reader with something like “I don’t want to freak you out, but you’ll regret it if you don’t take advantage of this” will definitely pique their curiosity and make your open rates go up.
  • Once they open your email, there must be something of interest for them to look at and read… The body of the email must be pleasant to look at, and easy to read and scan. Use short paragraphs, bold letters, headlines, subtitles, vignettes, images, and of course: good copywriting.
  • Add a CTA (Call-To-Action), where you specify what you want the reader to do once they’ve read your email. For example, you might write: “Our discounted products will be available in store until we’re out of stock. We’ll be ready to serve you when you arrive” or “Buy your Christmas gifts NOW and make sure you don’t get burned in January”. This action-oriented copy should stand out on the page. And if you have an online store, add a link to it.

5) Take advantage of the power of social networks: There is no doubt that you need to be where consumers spend most of their time. Where’s that? In this digital world, it’s on social media. Join the conversation and interact with your audience. Include the most relevant hashtags (e.g. #Black Friday or #SinglesDay or #Summersales) on your posts, so that prospects looking for discounts and deals can easily find you.

6) Let digital advertising bring you the clients you need: Digital advertising no longer has to be complicated. And it can give you the results you’re hoping for. Adext is the first Artificial Intelligence platform in the digital advertising space that can automate the entire process of creating, managing and optimising your ad campaigns on Google, Facebook and Instagram.

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5 Social Media Ad Tactics You Should Be Using

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By Ronald Dod 

Some businesses love it, others hate it, but no business can run without a social media strategy. Even if social media is not your primary source of leads or sales, having a strong presence on social media can help strengthen your brand overall. It will help you gain credibility and social proof with the help of reviews, and help your customers set brand expectations.

For many businesses, the tough part about creating a social media strategy is advertising. There are way too many variables to account for, and there seem to be new rules being launched all the time. In hope of helping you improve your ads, I’ve put together a list of the top 5 social media tactics. Let’s get started!

1. Layer Your Targeting Options

Targeting is one of the most tricky parts of creating campaigns. Interests, behaviors, life events, demographics … there are so many ways to target an audience on social media! So, what’s the right solution? The answer varies from case to case, but there’s something you can do to help you narrow your results and be more targeted: Layer your targeting.

2. Target “Warm Leads”—Followers, Friends of Followers, and Page Interactions

The idea behind targeting followers, friends of followers, or page interactions is to target “warm leads” to increase the chances of conversion. The people in those targets have either heard of your brand, interacted with it, or know someone who is already following your brand, which makes them more likely to buy.

Targeting followers is a good tactic if you have a decent number of followers. As expected, these warm leads will be more likely to convert than cold ones, which means higher conversion and lower cost per conversion. Another underutilized target is “friends of followers.” I’ve gotten really good results for this target when I combine it with another layer of targeting. For instance, below, you can see the same target audience as the previous point, but with the added “friends of followers” layer:

This target is particularly effective because the audience could see that one of their friends already follows the advertiser, which provides social proof or credibility. This is one of my best performing targets for many clients.

The last target audience you should try is a page engagement custom audience. Start by going to the audience tab and selecting custom audience from the drop-down menu. Then, select Engagement.

Once selected, you’ll see various options to create your audience. Test different ones to find out which one performs best. For good measure, start with the Facebook page engagement audience.

Then you’ll be able to choose your conversion window:

Finally, you’ll get the option to create a lookalike audience. I would skip this step for now until you see how the target performs. Now you’re ready to target people who have engaged with your Facebook page! Similarly to the followers target, these users are warm, so they’ll be more likely to convert.

3. Try a Lookalike Audience

As the name implies, lookalike audiences help you target audiences that look like another audience. There are many ways to create a lookalike audience. You can create one based on website traffic or engagement, or even create one from a file—which is the option we’ll discuss here. The first audience I would test is based on an existing customer list.

Simply export all your customers from your website platform and save the file. Then you’ll be able to upload it to Facebook to create a custom audience and create a lookalike audience from it.

There’s a new option to upload a file with customer’s lifetime value. To use this option, just make sure to add a column with your customers’ total spend. Based on that spend, Facebook will help you find new customers that look like your most valuable customers.

Once the custom audience is created, you’ll be able to select it to create a lookalike audience. The lower the percentage of the lookalike audience, the more similar it will be to the actual list. Test this audience with the other, once it’s created.

4. Test Lead Generation Ads

Lead ads allow advertisers to capture leads right on Facebook. This type of ad works particularly well for B2B businesses to capture lead’s information. Test run these types of ads with videos instead of single images, to potentially increase conversions. If you don’t have any videos or software to create videos, try using Facebook’s slideshow creator to create a video from a series of images.

5. Use Collections

Collections is a mobile-friendly ad format that allows users to get an immersive mobile experience.

Just with a tap, these ads open a Canva, similar to a Page, where advertisers can showcase products extracted from a product feed, tell a brand story, or show a lifestyle photo shoot. I’ve found them particularly effective for eCommerce, using the grid layout to display a product feed. I usually use it together with a video slideshow, containing some of the products showcased in the grid layout.

By Ronald Dod 

Sourced from Business 2 Community

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Using Facebook Videos to Grow Your Business Online

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By Brian Edmondson

Facebook is a social media giant, best known for connecting world events (e.g. sports, politics, entertainment etc.) into a common space and giving people the power to connect with family, friends and kindred spirits around the world. From its founding in 2004, it has became the place to share experiences, knowledge and opinions about what matters to them.

Increasingly, Internet marketers are turning to Facebook to achieve their video marketing goals.

Here are the reasons why Facebook video marketing has become a viable option in such a short period.

1.  High Volume Traffic that cannot be Ignored

As the second busiest website in the United States and globally as measured by Alexa (behind Google.com), Facebook offers online entrepreneurs a super opportunity to define and pursue target audiences based on “ideal candidate” criteria. Each of Facebook’s half a billion active users come into the social network with hungry eyes, even if being sold is not necessarily on their mind.

Even a short fifteen or thirty (30) second video clip can be enough to trigger interest and follow-up.

 

2. Fantastic Opportunities to go Viral

After YouTube, Facebook houses the most source referred videos on the Internet. This means that making a good impression with even a few people can mean exponential exposure via sharing in a matter of days, if not hours.

Learning to market with Facebook videos can work whether your aim is educational, instructional or social (relationship-oriented).

3. Facebook Embraces Mobile Marketing

Over one-hundred fifty million people carry Facebook with them on their mobile devices, which makes it especially important to reach this active demographic whenever they go. Mobile device growth far exceeds that of desktops and laptops, making Facebook ideally positioned as a “goto” app to connect with prospects via mobile-friendly video.

4. Advertising Optimization for Multiple Goals

Facebook supports a number of video marketing goals that are self-contained within the website itself:

  • Boost your posts.
  • Get installs of your app.
  • Get video views.
  • Increase conversions on your website.
  • Increase engagement in your app.
  • Promote your Page.
  • Send people to your website.

5. Strong Level of Actual Face Time on Website

The average Facebook user remains on the site for over twenty-one minutes per session, and views about thirteen pages. You can take advantage of this devotion by offering valuable content that hooks visitors and encourages them to share your content with others (see above).

With up to twenty (20) minutes per video, cater the length to your target audience and the type of message you want to send.

6. Visibility that Leads to More Conversions

Today, Facebook videos are visible within Google searches which adds credibility to your marketing efforts. In addition to search engine optimization (SEO) benefits, you have keyword or hashtag capabilities similar to what Twitter offers. In order to encourage visitor action, you can add triggers at strategic moments of your video presentations.

Facebook video marketing can be a boon to your online business efforts, regardless of your current level of marketing experience. It is the behemoth among social media websites, offering both advertising and relationship-building chances on an ongoing basis.

Regardless of platform (desktop, laptop, tablet, mobile) Facebook deserves to be a part of your video marketing mix.

Feature Image: Jose Luis Pelaez Inc/Blend Images/Getty Images Prestige

By Brian Edmondson

Sourced from the balance

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Influencers are Earning Billions in the New Creative Economy

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The new study highlights that the huge economic impact is just “tip of the iceberg” with independent creators.

By MediaStreet Staff Writers

So here it is, another study from the USA about the power of the new economy. While it doesn’t feature what Europeans are doing, we can use the information to see just how fast the new creative economy is moving. Put it this way: that horse has bolted.

The new report released by the Re:Create Coalition finds that 14.8 million independent, American creators earned a baseline of almost $6 billion from posting their music, videos, art, crafts and other works online in 2016. The research is only a snapshot of the entire New Creative Economy, analysing just some of the biggest online platforms: Amazon Publishing, eBay, Etsy, Instagram, Shapeways, Tumblr, Twitch, WordPress and YouTube.

Despite the study being conducted in the USA, YouTube’s top earner is British. Daniel Middleton (DanTDM) brought in $16.5 million in 2017 alone. 26-year-old Dan, otherwise known as TheDiamondMinecart, posts daily reviews and gameplay videos plus some other silliness that kids love.

“Before the internet, a creator was forced to rely on traditional gatekeepers like movie studios and the recording industry to be successful. Today, anyone with a creative idea and a wifi signal can be successful and make money on the internet, reaching millions of people around the globe almost instantly,” said Re:Create Executive Director Joshua Lamel. “This analysis is just the tip of the iceberg when it comes to understanding the full economic impact of the New Creative Economy. However, its findings demonstrate that millions of Americans rely on the balanced copyright policies that support internet platforms like YouTube, Instagram and Etsy in order to earn billions of dollars from their creative work.”

Selena Gomez is the number one person on Instagram, with close to 70 million followers, more than any other celebrity.

Said study author Dr. Robert Shapiro, “The development of this multi-million user network and multi-billion dollar ecosystem for independent new creators reflects the power of the internet. Even with these highly conservative estimates, this study demonstrates the economic power of the new creative economy and its enormous potential for continued growth.”

For each platform, only a single component of how users can earn income was studied, due to limited public data and insufficient information. Independent creators earn billions of dollars each year online through website ads, sponsorship/influencer compensation, social media traffic, direct sales and other methods, but this study analysed only one revenue-sharing model per platform.

For the full report is here.

 

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Are you a Tourism Marketer? Here’s What Travellers are Hashtagging the Most

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If you are marketing anything in the tourism game, this is what you need to know.

By MediaStreet Staff Writers

For those that are lucky enough to get away on holiday or go on an extended travel stint, we can predict what actvities you might be doing after a new study has been published by Hotels.com

The company have used a data-crunching bot to track what people are hashtagging the most on their sojourns. More than five million brags globally were analysed using a combination of Tweet data, Instagram posts and travel keywords and destinations mentioned on other social media. So here are the results.

Worldwide travellers are all about the culture: they enjoy musing around museums (300,000 brags), old-town charm (170,000 brags) and a spot of sunshine (130,000 brags), but they can also be found in floating restaurants, erotic museums and night markets.

TOP 10 GLOBAL THEMES

  1. Museum
  2. Rooftop bar
  3. Old Town
  4. Modern Art
  5. Opera
  6. Sunshine
  7. Olympic Games
  8. Cathedral
  9. Gallery
  10. Ballet

This travel bragging trend echoes the findings from the recent Hotels.com Mobile Travel Tracker report, which revealed that one in six travellers search social media before their trip to plan the photos they’ll take. And 56% of people surveyed admit to spending more than an hour a day on their smartphones while on holiday.

While travellers naturally brag about taking in the tourist hotspots and cultural offerings, more people than ever are sharing foodie ‘grams, shopping stories and luxe posts.

#Foodporn
You’re never more than an Insta-scroll away from #FoodPorn and the brag lists are brimming with culinary treats. Cakes in Stockholm and curry in Toronto spice up the brag lists, and New York steak and pizza both made the cut. Perhaps more surprisingly, enchiladas proved twice as popular as modern art in Mexico City, ice cream scooped 10% of all San Francisco brags and Jumbo Kingdom floating restaurant in Hong Kong took second place in the Hong Kong chart with more than 20,000 brags.

Shop ’til you drop
Shopping is a must-do for most travellers. Those visiting Paris brag more about the Rue Vieille du Temple, famous for its boutiques, than Le Louvre! Other top shop-spots included Bal Harbour in Miami, the Harbour City mall in Hong Kong, vintage shops in Melbourne and the stylish Cecile Copenhagen fashion brand made the Danish capital’s top 10.

Five-star luxury
When travellers check into a posh, luxury hotel they naturally want the world to know. The stunning 5-star Ritz Carlton in San Francisco topped the city’s brag list, the Four Seasons in Singapore proved brag-worthy and the Park Hyatt came in at number one in Seoul – most likely for its awe-inspiring rooftop pool.

Scott Ludwig at Hotels.com said, “Bragging about your travel experiences on social media has become the norm – if you didn’t get social kudos out of it, it didn’t happen!”

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Adweek Announces Its First Advisory Board, Featuring 24 Top Marketing, Media and Technology Executives

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Adweek has called in the big guns for a huge collaboration which could be an example of how the rest of us will work in the future.

By MediaStreet Staff Writers

Everyone in advertising knows Adweek, a bible for marketers. Adweek has published articles for the brand marketing ecosystem since 1979. Adweek’s coverage reaches an engaged audience of more than 6 million professionals across platforms including print, digital, events, podcasts, newsletters, social media and mobile apps.

Today, the publication announced the launch of the Adweek Advisory Board, made up of 24 of the most innovative and creative executives who are shaping the modern brand marketing ecosystem.

Adweek says they recognise the need to synthesise a diversity of opinions to maintain its position as a voice in the marketplace. “Our newly formed Advisory Board will provide us – and our audiences – with the thought leadership and expertise we all need to help navigate the complex and constantly shifting ecosystem of today’s marketing and media world,” said Adweek editorial director James Cooper. “Adweek’s ultimate goal each day is helping our readers stay ahead of the curve and do their jobs better.”

“I am excited to be partnering with Adweek and joining its Advisory Board,” said GE CMO Linda Boff. “With digital transformation built into our DNA, we are in an especially unique position to guide and advise Adweek and the business community it serves.”

The Advisory Board will meet regularly with Adweek’s senior editorial team at gatherings across the country to discuss the pressing issues of the day. Members will also be on hand to publish thought leadership columns, speak at Adweek events and provide Adweek with insight and analysis on an as-needed basis across all platforms.

“The times we operate in aren’t easy. The pressure to deliver is daunting for even the most experienced here,” said board member Colleen DeCourcy, chief creative officer for agency network Wieden + Kennedy. “When an organisation like Adweek consciously turns its efforts to developing our talent, I am all in. Collaboration feels like the thing we need right now. All boats rise with the tide.”

Adweek’s Advisory Board Members:

  • Marisa Thalberg, Global CMO, Taco Bell
  • Linda Boff, CMO, GE
  • Adrienne Lofton, SVP of Global Brand Management, Under Armour
  • Andrew Keller, Global Creative Director, Facebook Creative Shop
  • Cameron Clayton, GM of Watson Content and IoT, IBM
  • Jon Suarez-Davis, Chief Strategy Officer, Salesforce Marketing Cloud
  • Ben Lamm, CEO and Founder, Conversable and Hypergiant
  • Caroline Papadatos, SVP of Global Solutions, LoyaltyOne
  • Alicia Hatch, CMO, Deloitte Digital
  • Baiju Shah, Chief Strategy Officer, Accenture Interactive
  • Joel Stillerman, Chief Content Officer, Hulu
  • Colin Kinsella, CEO North America, Havas Media Group
  • Michelle Lee, Editor in Chief, Allure
  • Tiffany R. Warren, SVP and Chief Diversity Officer, Omnicom, and Founder and President, ADCOLOR
  • Susie Nam, COO, Droga5
  • David Sable, Global CEO, Y&R
  • Colleen DeCourcy, Chief Creative Officer, Wieden + Kennedy
  • Michael Dill, President and CEO, Match Marketing Group
  • Bonin Bough, Author and TV Host
  • Terrance Williams, CMO and President of Emerging Businesses, Nationwide
  • Kasha Cacy, CEO, UM U.S.
  • David Mondragon, CEO of Triton Automotive Group and Senior Partner, Motormindz
  • Linda Yaccarino, Chairman of Advertising and Client Partnerships, NBCUniversal
  • Nannette LaFond-Dufour, Global Chief Client Officer, McCann Worldgroup

To read further about Adweek’s Advisory Board initiative, click here 

 

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Advertising in Fashion Magazines is Dead to us Now

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Now? Fashion brands are meeting with social media influencers directly.

By MediaStreet Staff Writers

Hundreds of NY Fashion Week influencers were invited to a party specifically held to put them in front of brands that want some of the spotlight. The party was held by a company called Influence, which connects brands and influencers. Together, they create social campaigns that expand visibility and engage new audiences for brands. The influencer gets paid, and the brands get to reach audiences that they might not be able to access using other methods. Welcome to the “now” of fashion and brand marketing.

Influence is a sister company to the already-successful operation called Newswire. Newswire currently have an online portal that publishes thousands of press releases every day. Journalists and influencers can go straight to company news, by keyword or subject search. This means that they can get their news directly from the companies, rather than have the interaction brokered through a PR agency. This renders the traditional PR agency almost obsolete.

The way the PR industry is changing is similar to the way that fashion magazines are going. Teen magazines and fashion publications are no longer the huge, powerful entities that brokered deals between brands/fashion houses and their audiences. Now, it is the online fashion influencers who have huge sway with their fans, and brands can contact them directly. This circumvents the hugely expensive fashion magazines, whose circulations are falling dramatically.

As an example, a top YouTube fashion influencer is Chriselle Lim. Her channel is growing at a breakneck pace. Her videos reveal how to transform basic pieces of clothing into stylish apparel. Chriselle has support from global brands such as Target and Estee Lauder.

The change in the way brands and fashion are marketed has been incredibly rapid. Fashion magazines? Pah. Now Facebook, Instagram, Twitter and YouTube are the place to put brand marketing spend.

But back to the party. The event hosted hundreds of NY Fashion Week Influencers at Manhattan’s chic Sixty Soho Hotel. Influencers and brands from across the globe arrived to share in networking and developing opportunities for campaign partnerships that strengthen an Influencer’s channel and widen content reach for brands. The party was also used to promote Influence.com itself. And it worked, because here you are, reading about this new company.

Said Director of Influencer Marketing, Magnolia Sevenler, “Whether you are an influencer or marketer, the Influence by Newswire platform provides a community to build your campaigns.”

According to Sevenler, the platform has been well-received from both marketers and creators for its simplicity and reach. “It’s exciting to see all the positive feedback…as we enter a new era of marketing, where micro-influencers can be rewarded for their passions and brands can reach new untapped audiences.”

The company has plans to expand its network and add additional features to enhance users’ experience. And it is doing this all because the fashion magazine industry is destined for a papery grave. It’s time to move on, people, and bring your marketing spend with you.

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