Showing posts with label Fast Company. Show all posts
Showing posts with label Fast Company. Show all posts

Monday, January 28, 2008

Tipping Point friction, or why you don't know Kevin Bacon


Marketers trying to launch viral campaigns get some bad news in February. Network-theorist Duncan Watts takes on Malcolm Gladwell in Fast Company over whether viral marketing really can be controlled. At dispute is the theory that a series of key influencers set viral campaigns in motion -- proselytizers whom direct-to-consumer marketers love to try to reach.

Gladwell wrote up influencers in The Tipping Point, suggesting there are certain types of people who are much more connected in society -- hipsters, trend-setters, gregarious salespeople. These people have both charisma and connections to hundreds of others. When a viral idea reaches them, they accelerate it on to the masses. This is supposedly why Razor Scooters appeared everywhere in 2000; cool kids got them, then all the other kids followed. The "influencer" idea was given credence by a famous study back in 1967 by sociologist Stanley Milgram, who reported that most people in the world are separated by only six degrees of contacts.

Watts, however, has run computer models that show viral campaigns don't work through "hubs" of key influencers -- instead, they take off almost at random. What's more important, Watts says, is whether society is "primed" for the event, like a dry forest waiting for the first match spark.

This has huge implications for marketers who would love to spark the next fad by seeding copies of music or new sportswear among hip influencers in NYC and San Francisco. We love Gladwell, but find this alternative view fascinating. Read it here.

Monday, September 24, 2007

Print is dead. Long live print.


Business 2.0 is leaving us for good. We're sorry. We were unfaithful. We googled other news online, hung out in blogs, spent Saturday nights at Facebook. Somehow you found out, and now you're gone.

The whole print-is-dying thing is real, but only in some quarters, we think.

The best way to predict print demise is to ask media planners to pull a Mediamark Research (MRI) run on target readers' "consumption preferences" of media. Every year MRI interviews 26,000 U.S. consumers in their homes to get detailed predictions on how they use 6,000 product categories, including web sites and glossy mags. If a magazine's base under-indexes on print and over-indexes on web, you may be in trouble. Business travelers, for example, "over-index" heavily on web usage and are only moderate users of magazines -- so glossies with web subject matter targeting business folk should see circs fall as their readers continue to migrate to the web.

If the magazine scores very high in media consumption among the target demo, it should have legs. Young mothers check the web only once a day, and are heavy consumers of magazines ... so In Touch should be here for a while.

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