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Live Streaming Presents An Unedited YOU

 

fancred-primary-100616311-largeLive streaming gained importance as broadcasters understood its importance of giving them a free pass over the censor boards. Above this it creates a new enthusiasm among the viewers for providing them an unedited and uncensored interviews and shows.

Social Media in LIVE streaming

Today also not much has changed. With the penetration of smartphones, we have got our personal cameras and with high speed internet there is a high speed network for streaming. Although live streaming capabilities have been around for more than five years, the omnipresence of the live stream has only really taken flight with the advent of “Facebook Live”.

TWITTER the fastest horse

In March 2015, Twitter announced it has acquired live video streaming company Periscope, a little-known startup. In the year since, the company’s app. It lets users stream video of themselves live from anywhere in the world. It has been used to broadcast footage of refugees crossing the Turkish border and bomb scares at football matches. Now, Periscope looks like it’s ahead of the game – and Facebook has started the race, though a bit late but it’s catching up.

Recently Twitter CEO Jack Dorsey took a step for live streaming an interview with NSA whistleblower Edward Snowden. The decision to host Snowden was a bold move in the run-up to President-elect Trump’s inauguration. Airing such a divisive political figure as Snowden sends a clear message to the incoming president that Twitter will not participate in government surveillance programs that bypass due process.

While news organizations are pulled into the live stream by the tide of attention, so Facebook is also carried by the same tide further into the deep waters of publishing responsibility. The irony of the current position is that news organizations and to an extent Facebook have been in their own very different states of denial about what is happening. Facebook knew the technology it deployed to bring forth Chewbacca Mom would also empower important political movements such as Black Lives Matter. It knows now that every time a violent atrocity is committed Facebook is the default destination, and its actions however automatic are freighted with meaning. And the traditional media have our own private dilemmas as we create the audience for terror or policy theatre.

Once you’re on air, it can take a few minutes for your audience to arrive. Wait for them: Their live comments and questions will make the experience starkly different from a regular recorded video. Have a conversation, answer viewer questions and be yourself. Like Snapchat, this is your chance to present the raw, unedited you.

 

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VIRTUAL REALITY in Social Media

vr

The world is one big round place, and the problem is, we’ve not been able to enjoy this while watching movies on television. We’ve been looking at a cropped view of it for way too long.

But thanks to new technology advancements in cameras and online algorithms, we can now enjoy this 360 degree world on our smartphones. We can see in front, back, to the left and right, above and below, in full spherical.

VR in Social Media Industry

“Imagine sharing not just moments with your friends online, but entire experiences and adventures.” That’s what Mark Zuckerberg wrote after Facebook acquired Oculus, the virtual reality company, for $2 billion in 2014.

Facebook has already begun incorporating Oculus technology into its 360 Video. It allow users to experience scenes from different angles (looking right, left, up, down, etc.), on both web and mobile devices, creating a more a new real time experience.

Right now, there’s 360 Video available from The Disney Channel and a really cool clip from Star Wars: The Force Awakens. Expect to see more immersive videos in 2017 as publishers and even brands catch up with the technology and begin creating more 360 degree videos.

Oculus VR has already released a new “social” app called Oculus Social Alpha. The virtual movie-watching app allows you to “sit” in a theater and watch a video in real-time with other users. It is entirely changing the meaning of ‘hangout’.

At the Consumer Electronics Show, 360 video and virtual reality (VR) was the big talk of the show, from huge concerns like YouTube and corporate parent Google, to Facebook’s Oculus Rift and camera makers. VR and 360 were there.

If you are a person who wants to see everything, want to hear everything then you are going to love this new face of social media which is painted in the colors of virtual reality and 360 degree videos.

The biggest news is of the $599 Oculus Rift VR headset,  which is on sale now. With the Rift, gamers will get a much wider and expansive view of their worlds than they’ve ever seen before.

Beyond VR for gaming, social media there is a scope of 360 for photography also.

In a speech, YouTube’s Chief Business Officer Robert Kyncl talked about how VR was going to dramatically change the mobile viewing experience. He parsed the current situation by stating that we currently watch 1.5 hours a day of digital video, compared to five hours daily for TV. But he sees digital video surpassing TV within four years, with VR being a huge driver for the shift.

YouTube, has already made an early bet on 360-degree video because it is the first type of video that actually gives you a better experience on mobile than you can have on desktop or on your TV. And since it’s an open secret that mobile video is exploding, formats that lend themselves to mobile storytelling will grow along with them. And virtual reality is the exactly that person.

Acceptance By the industry

 The filmmakers are not able to dive into 360 in a big way is the limitations of how 360 video gets made. To get the full view, you usually need to use a bunch of cameras tapped together, and then “stitch” or piece the views together in video editing. That process can take hours, days, even weeks.

Several camera manufacturers looked to solve that issue, with small, consumer-grade cameras that are easier to use and promise to eliminate the stitching issues.

With VR you can teleport people into a new experience and blow their minds. It’s not a question of if, but when it will become adopted by consumers. This is the same type of content that’s made GoPro so successful. If we’re not innovating, we cease to be relevant.

Will 2017 be the year when virtual reality becomes a reality or not, the answer lies in the womb of the future

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Social Media and BIG DATA

social-media-marketing-best-practices-with-big-data_bigToday we are surfing on internet, visiting different websites, posting, liking and commenting on events and images of our friend. While all this we are leaving our digital footprint which is converted into data and stored. This data is very precious for companies to understand and target their customers.

Social Media and BIG DATA?

Today an average user has five social media accounts and spends approximately one hour on social media. Most number of Americans get their news from Facebook only.

Everyday social media websites are abuzz with communication around brand. Facebook witnesses millions of likes, posting and people’s reaction to different news and photos. All this creates data in petabytes (1 petabyte = 1000,000 gigabytes). But unlike other data, social websites creates unstructured and uncharacterized data. If you want to get a glimpse of how confusing it can be, go through a twitter feed of any popular brand, and also to its Facebook page among other social profiles (variety in big data) should you wish to be more confused, and then try to make sense of this all from a marketing point of view

All this stands as a testimony of the fact that social media is a big big contributor to the tremendous amount of data produced i.e. Big Data.

Big Data helps in digital marketing by

1. Telling who your customers are

2. How your customers feel

3. What they want

4. Their source of information about your brand

5. How do they arrive at the buying decision

Chinese Social Credit System – a new dystopia for BIG DATA

In some religions there are two angels, one which keeps an account of your good deeds and the other about your bad ones. But in today’s world it is going to be algorithms. Regardless of what one believe, world where our deeds are recorded is in near future. Chinese government has rolled out a social credit system which is going to be compulsory by 2020.

Chinese government has allowed its internet giants, like Alibaba and Tencent only to run and bring this utopia to the realm of existence. Right now they are making the beta version of this system.

Whenever you post something on RenRen or Weibo (which are equivalent to Facebook and micro blogging site Twitter), you will create a data which is going to affect your score. If you’ll post a photo with a person with bad credit score then that also is going to change to your credit score. For making this large amount of data is going to be needed to process. This is going to be provided by Big Data from social media as more and more people are shifting their lives on it.

Big data is going to be a big business, which means ignoring them is not going to be a healthy decision. It will not be wrong to think that the more you learn about your customers the better you will be able to target them with your social media campaign, and seeing the gigantic size of data produced by various social channels, it becomes imperative that you make use of big data in your social media marketing campaigns. By giving you a far deeper understanding of your customers and their relationship with your brand, big data will help you fine tune your social media messages, and choose the right social media platform to disseminate information.

How Google has changed the way people do business

The wide impact internet and the advancement of technology had in and around 1998 on the minds of customers, forced people doing business to adopt new marketing strategies. Some far seeing entrepreneurs imagined that the world would be quite different if everyone could access information so easily. Instead of relying on print and TV ads to get the word out about their products, they would now have an entirely different arena to push their products and services through online media.
Google’s influence grew exponentially and internet technologies were the birthplace of online marketing. This new platform unfolded great talent in the form of technicians and other digital artists. Individuals first discovered the ease of finding out information on the internet that had not been accessible previously. Google identified its primary mission as “to organize the world’s collective information and make it universally accessible and useful”. The marketing world, however did not really identify the versatile and flexible nature of the internet until 2002. Google led the way by introducing new technology to the younger generation.
“Search engine optimization” was not given a thought by business houses until the late 90s. The effect certain keywords would have on online searches and how marketers realized the underlying opportunity to capitalize markets, paved the way for online marketing. The process has not ceased to stop ever since with newer arenas being explored simultaneously and the opportunities are exploited by every business.
With the advent of internet early advertisers gradually made a focus shift from print and TV ads to e-mail and other electronic means. As the internet and digital marketing gained popularity by word of mouth, companies and brands thereby increased their rate of customer acquisition. This has happened because of the interactive interface provided by Google that gives room for advertisers to experiment with their strategy. Banner ads, Pay per click model (PPC), search engine optimization (SEO) and more have given a lot of options to marketers to customize their advertising and promotion strategy per requirement per product.
Another important aspect that has been affected by Google’s entry apart from customers getting more information and being educated about a product or service is that companies today can manage their marketing and advertising costs to a great extent. The results of these marketing campaigns have bettered from those couple of decades ago along with a sharp increase in the customer retention by brands. So, it is not wrong if we say that companies today do give a lot of thought in deciding how to plan their marketing campaign on digital platforms. Online media marketing becoming the next big thing now.

BLOG BUSTER: AGE OF BLOOMING BLOGS

Blog

Today, we know of multi-millionaire bloggers like ScoopWhoop, MouthShut.com, Techcrunch and many more. People loved their content, and these bloggers got really rich and popular.

Blogs came into existence in the 90’s. Back then, blogs were simply used as an online journal for the people to write down their feelings, opinions and personal thoughts.

But now, the importance of blog is much more than just being a hobby. Blogs are efficiently being used by small businessmen, entrepreneurs, various websites as a marketing platform.

Here are few Reasons Why blogs are a Must in Digital Marketing

1. Self-expression

With minimal following, this platform was so easy to use, that it gave a lot of writers an access to build their own audience and gave people a new platform for self-expression to get their word out, which encourages the principles of a Democracy.

2. Business Exposure

The scale of your business doesn’t matter. Blogging and a Digital presence helps you reach your target customers and brings in more customers and hence elevate your sales figures.

3. Community and Network-building

As a businessman, you could build your network. As an artist, you could build your fan-base/audience. You could get direct feedback from your targeted customer. It could help you in fund collection, or help you reach your investor, or could be helpful in raising Public Funds.

Moreover, it becomes a medium of communication with your customers.

As a passionate follower of a particular something/someone, you could meet like-minded people.

4. Branding:

Blogging is an indirect way of branding yourself as artist or a businessman or branding your company or products or services.

5. Google loves content:

Blogging means giving out information, and hence this could increase your website ranking on Google or any other Search Engine. Blogging is one of the finest SEO techniques being used by every big brand and well known websites.

6. Increases Traffic to your website:

It also creates more inbound links pointing to your website, hence making it easier for Google Bots to find your website.

Hence, Blogging is used by all kind of businesses as a marketing platform.

7. Enhances Creativity and Skill:

A blogger is often referred to as an artist. You could start a blog if you think you have good writing skills, but not enough recognition. Or, if you want to improve your writing skills, you could start a blog. Writing about yourself gives you time for self-evaluation and prospection. It is a very useful skill.

8. Spreads knowledge and awareness:

Most importantly, blogging serves the people and help many people to get their opinions out.

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Happy Holidays!!

Can Flipkart ever become Amazon? : The Analysis

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Founded in the year 1994 Jef Bezos, amazon is the Facebook of E-commerce and even more! Started as online book retailer, today it is the largest online store. As well stated by their logo they literally sell everything from A to Z!

Talking about Flipkart, it is in true sense the torchbearer for Indian e-commerce sector. Registered in Singapore (yes, Singapore!), even this online store launched itself as a bookseller just to turn into an all products e-commerce marketplace!

Amazon launched in India six years after Flipkart and still has managed to acquire a formidable and enviable position in the Indian market.

Let’s talk about the Flipkart’s Big Billion Sale. It ran into needless problems and was mercilessly ambushed by competitors, so much so that it resulted in its founders having to tender an apology for the several glitches its customers faced during the sale. Actually Flipkart seemed to be distracted by its competitor, Amazon.

Its e-book business has been around for a little over two years, but is not clear how much traction they have in the market. With the launch of Amazon Kindle in India, Flipkart saw it being squeezed even more. The history of the e-book market is not a happy tale – if you are not Amazon or the customer.

Flipkart recently has suffered on a lot of accounts majorly, the reorganization issues coupled with exit of a few top executives and its decision to go app only for Myntra. Despite this, it has not slowed down its expansion plans and acquired Jabong recently and backed its decisions by saying that the fashion segment of e-commerce has the largest transaction volume. Amazon on the other hand, has been equally active in the sense that it has enhanced its investment in India and also launched the Amazon Prime facility across 100 cities.

Amazon has an edge over Flipkart in terms of fulfillment centers too — 24 to 18.

In the last few months Amazon has surpassed Flipkart to become the largest online retailer in the country. More than anything else, the race in the online retail world has been to be the fastest by eliminating friction from the buying process to accelerate and enable buying decisions. Flipkart may well be the incumbent and the player to beat in the Indian market, but, Amazon has with itself the treasure of two decades of experience- experience of emerging out of dire situations and circumstances very similar to the ones created in Indian market. Also, the list of successes for Amazon has been more than that of its failures. If Flipkart distracted by every move of its strong and influential counterpart, it might make some very wrong decisions and eventually land itself into a trouble that can prove to be fatal.

There is one way which Flipkart can adopt to become as strong as Amazon and that is a merger with Snapdeal. As reported by The Mint,” The two e-commerce companies are burning through cash and it doesn’t look like the flames of competition are going to die down while they’re being fanned by that 800-pound American gorilla called Amazon and its $15.9 billion war chest.”

However, such changes alone are unlikely to bring a turnaround on their own. Both the startups are going to need more cash, arranging which can be a bit hectic as investors might be hesitant to do so under the shadow of Amazon, which has already committed to $5 billion to its Indian operations and has more to spare.

Bloomberg reports, “Instead, investors, including venture capital firms Accel, Bessemer, DST and Tiger Global, should seek to broker a merger that could cool the fight with Amazon and bring the duo back to the business of making money. Even then, turning a profit in India won’t be a snap but it would be the best deal for all.’

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Big companies Using Digital Marketing and with great effect!

1.      AMEX

The Open Forum website of AMEX is a collaborative website that encourages content on business knowledge and wisdom through industry experts. The magnitude of information on the website makes it popular on various search engines with the benefit of being free of cost to AMEX. This is because, AMEX invites articles rather than paying marketers.

 

2.      The Guardian

The Guardian is highly innovative when it comes to publishing. Its website contains interactive features and responsive content. It manages its marketing strategies in such a way that it can take optimum advantage of SEO and reach international audiences.

 

3.      Red Bull

The company makes full use of YouTube to promote an active and adventurous lifestyle in sync with its own motto. It regularly uploads videos showing stunts and daredevil acts in risky locations.

 

4.      IKEA

Out of all homeware retailers, IKEA ranks high on online experience. It also performs well on conversion rate. The Facebook marketing strategies of the brand are highly successful as they can grab customer nerves. In 2009, it uploaded showroom pictures on a page and allowed netizens to tag themselves on items. The first tag on a product meant the tagger would get it! This became viral.

 

5.      Uber

The customer friendly app is an advertising technique in its own way so much so that the firm does not have to spend huge amounts on marketing. The feature of referral codes in exchange of free rides generates word-of-mouth marketing for the company which spreads like wildfire.

More than 80% of purchases are made through referrals.

 

6.      PlayStation

Sony’s PlayStation YouTube channel is a favourite among gamers. It involves consistency through a fixed logo at the bottom of every video so that the brand image is reinforced every time a video is watched.

 

7.      JetBlue

The company does not use its handles for promotional activity rather it uses them for better customer service. Its responses include @ replies which is unusual in business marketing and provides customers with a great sense of satisfaction and delight. JetBlue knows best that promotional material is boring and what users want is good service.

 

8.      The Shelter Pet Project

It is a pet adoption firm that brings millions of homeless animals to safe hands. They raised awareness about the plight of animals by building a memorable campaign with the help of FB’s Creative Shop.

 

9.      Airbnb

The company has revolutionised travel and booking. Its digital marketing strategies include how to videos, user generated pictures and videos through various social media websites and popular city guides. Its Instagram campaign makes it a travel forum through attention grabbing images of locations mixed with humour.

 

10.  Taco Bell

It is a winner in mobile campaign. Its new app resulted in 3,00,000 downloads on the first day of the launch. Apart from that Taco Bell dominates social media too.

 

11.  Ola

The taxi aggregator targeted raising awareness through its #ChaloNiklo ad campaign using Facebook during the initial days. It tied up with Myntra to launch the lookgood campaign offering free makeover to Ola users. Ola Share and Ola Café are other marketing strategies. It recently advertised through TVF with a video on how to teach your dad to book a cab and is a major funding source for the company.

What affects Digital Marketing?

syndacast.com imet globalDigital marketing exists in an environment which is ever changing and very dynamic. Hence, it becomes unquestioningly important to account for and thereby address the factors affecting it.

Factors affecting digital marketing can be listed as follows:

  • Target Market: The first and foremost thing in my viewpoint is deciding the target market for digital marketing. You cannot randomly serve your advertisements and online content to the millions of internet users available online because that would only lead to more costs for a firm. Also, the content must be aligned to the suitability and interests of your target market.

 

  • Channels: Based on the channel decision, a business will be able to target its potential customers. The online marketing domain covers a wide spectrum of platforms, and many more are emerging with time. A business needs to do conduct a cost –benefit analysis and rank the various mediums on the basis of their cost effectiveness.

 

  • Technology: One of the most important factors affecting digital marketing is technology which needs to be reviewed and updated on a continuous basis. Your in-house internet marketing team must have the technological knowhow. Beyond technical difficulties, companies often have to invest in equipment and services to implement their digital marketing campaigns. For example, a company that wants to do video marketing needs a digital camera, lights and audio recording equipment and the expertise to use it, or must pay a studio to handle the video editing and recording.

 

  • Big Data: Big Data lets you answer the what, how, when and why of digital marketing. Big Data will continue to be an all-powerful and overarching topic among business planners and marketing strategists. As businesses realize that customer behavior and usage data is pivotal for leveraging their overall performance and profit, more businesses will adopt Big Data policies and data acquisition and integration technologies.

 

  • Content: Your digital marketing efforts must include language and images that reflect your target market and resonate with them. Studies have shown that effective content marketing contributes in a great deal to the improvement of consumer conversion and retention.

 

  • Social Media: Social media presence of a business matters a lot. Businesses these days maintain active and healthy social media accounts of their businesses as well ask their employees to do so to engage their customers. Many companies launch online campaigns through social media platforms to attract new customers and retain the existing ones.

 

  • Talent: Everything will out of place if the talent and skills of your digital marketing team are not up to the mark. The human element of digital marketing is actually its backbone. The knowledge and experience you and your team have in digital marketing influences whether or not you incorporate it into your overall marketing strategy. Having a talented workforce is an asset!

 

  • Budget: Digital marketing is cheaper than traditional marketing, but it is definitely not free. Hence, there arises a need to prepare a well-defined budget for digital marketing. A marketer must decide and appropriate mix of organic as well as paid promotions. If budgeting is an issue; as it might be for smaller firms, it is advisable for them to outsource their digital marketing to a business who specializes in this.

 

When all the aforementioned factors are well accounted for and strategies are designed in congruence with them, digital marketing leads a business on the road to success.

How effectively can public relations be maintained through social media?

social-media-and-public-realtions

Maintaining public relations with the various stakeholders are and important thing for ever business. Though historically this was a hectic task to do, it has been made easier now with the advent of social media. Social media provides a platform to effectively address to the grievances of your customers and also enables an organization to take a feedback for their various actions. Many companies these days launch social media campaigns to engage people and maintain a ‘social’ goodwill. Being active and responding on social media has become an unavoidable task for companies nowadays.

Now, do not think that maintaining public relations through social media is for businesses alone. Governments do this too. The use of their respective twitter handles Mr. Suresh Prabhu (Minister of Railways, Government of India) and MS. Sushma Swaraj (Minister of External Affairs, Government of India) are examples of how effective use of social media platforms to interact with people can lead to personal brand building as well as improved goodwill for the organization at large.

The increased trend of blogging by fashion, food and travel bloggers is another example of building customer value and expanding the customer base through social media. Because of the general belief that people are able to identify with bloggers at a personal level, many companies hire such professional bloggers to effectively manage their public relations.

Social media has made PR affordable for small businesses which earlier paid minimum heed to its need. Also, social media platforms like snapchat, Facebook and instagram provide companies a chance to be innovative and creative in terms of their attempts to engage customers. It reduces monotony even if the content shared is of high intellect and newsworthy.

With the help of Social media, hyper localized PR messaging has become possible. When targeting an audience on Facebook, advanced parameters such as behavior, interest, education and connections can be used. Also, with the help of zip code level targeting along with traditional parameters such as gender, PR has become ever more dynamic. Before the adoption of social media such precise and targeted PR was never possible.

Here are certain tips for maintaining effective public relations through social media:

·        Plan well.

·        Identify primary and secondary goals of the campaign.

·        Include source sharing with press releases.

·        Create social campaigns to engage people

·        Seek support of executives by publishing through their accounts on LinkedIn.

·        Offer real time opinions and feedback.

·        Liven up campaign with contests, offers, and discount coupons.

·        Refrain from aggression on social media.

·        Pick the right social media platform.

·        Make a list of keywords to use in your posts for SEO optimization.

·        Get your service or product reviewed.

·        Add in visuals and encourage creative content creation.

I hope all this tips help you launch and run an effective public relations campaign through social media. Happy socialization! Happy relations!

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Can a new brand launch totally rely on digital marketing?

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How do you come to know about a new brand/product launch? Print media? Television advertisements? Word of mouth? Brand launch events? There can be ‘n’ number of ways to do so, but the most popular today definitely has to be digital media. Now, the question that arises is can a brand launch be isolated from all other medias and just be relied on this new platform?

The reality these days is that actually al new brands, from mobile phones to apparels, from cars to computers are first launched digitally. Brands today have shed apprehensions with respect to the digital media. Rather than uploading just a short version of the TV campaign on YouTube, they now launch entire brands through the digital medium. The thing is that out of 1.3 billion people, 275 million are online. What brands are asking today is simple – if 100 million people will buy my product, and if 80-90 per cent of them are web-connected, then why focus anywhere else?
Consider the example of Tata Sky that launched their new product ‘Tata Sky+ Transfer’ which enables set top box recordings to be available on subscribers’ tablets and phones, by veering away from TV and preferred to take the digital-only route to launch their product, whose primary audience is already on the digital platform. Check out the video: https://youtu.be/C5t0g1TjfdM
Earlier, from the corporate perspective, there was pressure to do some 1-2 per cent of digital work, only to please the global ecosystem. But things are no longer the same today, because consumers are living in the digital age and brands are talking to a different set of consumers, whose purchasing patterns and habits have changed. Also, people want to be active and not passive today. They want to react, and the digital platform allows them to interact in the form of Like, Share and Comment. Earlier, TV showed a lot of emotional content and digital was used for commerce and transactional purposes. But if people today are not watching TV, then the digital medium needs to fill the space up by dishing out emotional content.
Social media provides another affective platform for digitally launching a new brand. The snapchat campaign of Burberry is a great example of this. “Digital is a fundamental and integral part of who we are — it’s central to our way of thinking,” said their CEO Christopher Bailey. Burberry secured a prominent spot on Snapchat by running its very own Discover channel for the next 24 hours, an ephemeral native ad with a suite of branded content. The channel, which could be found in the first slot of the Discover tab of Snapchat, was dedicated to promoting Mr. Burberry, the luxury brand’s latest men’s fragrance and accompanying capsule collection and men’s grooming products.
According to Gadekar, Senior Account Manager, Gozoop, digital is dynamic and unlike TV, it allows one to monitor, modify and halt any marketing activities any time one wants. Increasing usage of digital combined with its flexibility has made marketers not only to go digital first but also allocate separate budgets to execute their digital campaigns. Digital is here to stay and will keep getting powerful with time and technology.