I'm going to start by saying that I read both Alisa Leonard-Hansen's and Steve Hall's blog and I enjoy and respect their content. As for Tom Bedecarre, I mean come on, the guy is the CEO of one of the best agencies (digital or otherwise) in the world. Obviously he has achieved a level of experience and success that I can only hope to have one day in my career. And just to prove that I'm not just blowing smoke I'm going to be honest and say I had absolutely no opinion whatsoever of Marissa Louie, the CEO of AD-Village, going into today's Web 2.0 Expo's panel that she moderated, Advertising Strategies in Social Media: Adapt or Die, because I had no idea who she was. Ok, that's out of the way, now I can share my disappointment with the poor little guy in the christmas hat above.
It's one thing to say that you "didn't learn anything new" during one of these panels, and really that's not a bad thing. It means you're right on the curve or maybe slightly ahead of it. I also don't think anyone should expect to have their mind blown at every single conference. But when you walk out believing that people in attendance where actually led astray, that's not so good.
Here's how I would sum up the panel's thoughts on advertising strategies that enable "us" to adapt rather than, you know, die, in social media:
Use the rich and unique personal data that "social" sites have on their users to... wait for it... run more targeted ads and sponsorships. Uh, what? Really? More ads? More sponsorships? More distractions, interruptions, more noise? Ok, I know the topic was "advertising strategies" and I do agree 100% that SM user data allows brands to more effectively target, and as a result, craft more relevant "messages" (their word, not mine) for customers, but I really did expect a more progressive definition of the word "advertising" to be put forth by the panel. At a minimum I thought Alisa or Tom would drive the discussion towards
value or
utility or supporting users social
behaviors, goals, experiences, something more along the lines of user-centric marketing rather than marketer and publisher-centric advertising (I'm pretty sure Marissa said "monetize your customers" on 3 separate occasions) but they all kinda stayed on the topic of ads. No one pushed it. Even after Alisa admitted right at the start to having banner blindness like the vast majority of people online, the discussion continued to revolve around traditional digital strategies (really, they mostly talked about tactics, not strategies, but I won't split hairs). Well that's not entirely true, there was one strategy shared (recommended) by Steve that was for brands to jump on a meme bandwagon and sponsor someone/thing like
Matt, the guy that dances around the world a la Stride Gum.
(silence)
This is me silent in awe.
(silence)
Is this actually what I'm suppose to go to one of my clients with? A strategy that is to search YouTube for the most popular video and tell them to sponsor it? Don't get me wrong, I'm a fan of Stride's
strategy tactic, but to say that other brands can find success by co-opting what's "hot" right now is right up there with "viral" as a strategy for me.
To Alisa's credit, when I asked if there was a place for "marketing as a service" in the future of advertising within social media (an opinion stated in the form of a question if you really must know) she did say yes and spoke about integrating across touch points/channels/mediums and so on. Which really wasn't an answer to my question, but I do agree is important, but it didn't go any further than that. Though... Marissa did successfully bring it back to ad networks and behavioral targeting (I think) before moving on. Based on the other questions asked after mine, I got a sense I wasn't the only one who was a bit disappointed that there was so much focus on traditional ad tactics. And I think the appropriate word here is disappointed. I know Alisa, Tom and Steve understand there are more ways to approach advertising in SM than banners. And I also know that as the CEO of an ad network, Marissa has a vested interest in pushing certain (banner) strategies, but
I guess I was expecting more.
So this doesn't end as a Web 2.0 Expo rant/bash post, I did think the morning sessions I attended,
Murder As A Way to Win (Nilofer Merchant) and
We've Done All This Research: Now What? (Steve Portigal), were excellent. I walked away with a couple pages of notes on both. Tried to find an credit for the photo but couldn't, sorry "sad baby".