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The Top Mobile App Trends to Be Aware Of For 2023 and Beyond

According to one recent study, the average American has about 80 different apps downloaded on their phone at any given moment. That makes sense, given the fact that there are an estimated 5.7 million apps on both the Apple App Store and the Google Play Store combined.

Steve Jobs disrupted and revolutionized a lot of things when he first walked on stage and introduced the iPhone to the world in 2007 – and the hardware itself had little to do with it. Apps have changed the way brands communicate with consumers, how people communicate with each other, and how we live our lives.

That’s why paying attention to the top mobile app trends for 2023 and beyond is so crucial. They can help give you an incredible amount of insight into just how far we’ve come… and where this all might be headed before you know it.

Essential Mobile App Trends: Breaking Things Down

Maybe the biggest trend in mobile app development for 2023 is actually contrary to why this type of software became popular in the first place.

Back in the 1990s and early 2000s, desktop applications were the “Swiss Army Knives” of software. They did as many things as humanly possible, all from a single screen. Then, mobile apps debuted as a straightforward alternative. Instead of doing 100 different things moderately efficiently, they were instead dedicated to doing one thing incredibly well.

As they say, “everything old is new again” – and the era of the “Super App” may be upon us. Indeed, Super Apps are single applications that perform a variety of functions, all within the same piece of software. Sound familiar? It should.

Now, that doesn’t mean that you want your mobile app to become bloated. You never want to be looked at as a “Jack of All Trades, Master of None.” But if you can solve multiple problems for your users within a single piece of software, you should take the opportunity to do so as this is what people are looking for more and more.

2023 also looks to be the year when the marriage between mobile apps and voice technology is finally ready for prime time. People have had voice assistants like Siri on their phones for years, but recently more and more industries have started to take advantage of this to create better experiences on behalf of their users.

If you open your bank’s mobile app right now, you can send a payment to someone in a matter of minutes. Or, you could tell your voice assistant to send the payment in seconds and you don’t even have to pick up your phone to do it. You can have a voice assistant make a purchase on Amazon, send a message to your spouse, and more – all without physically interacting with your device. This, too, is a feature set that people are looking for more and more.

In the end, it’s important to acknowledge that the way we think about what a mobile app can be is constantly changing. Once upon a time, they were seen as little more than a minor convenience – a way to check your email or watch a video while on-the-go. Flash forward to today, and Reddit users literally employed the Robinhood app to disrupt just about everything we know about the stock market. That’s no longer a minor convenience – that’s a legitimate way of life.

Therefore, it’s always in your best interest to pay close attention to where things are and how far they’ve come. Once you understand why today’s trends have been able to make such an impact, you’re in a better position to anticipate where things might be going tomorrow, a year from now, and beyond. At that point, you’ll be able to get there before any of your competitors have a chance to do the same – which is a very exciting position to be in.

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How Mobile Food Tracking Apps are Helping Patients Monitor Chronic Illness

As we steamroll through the age of connected living, there’s not one facet of our lives that can’t be improved via the use of a mobile app. In the past, many users would argue that tracking apps that recorded things we did would only work to disrupt our daily routines, offering little more than a glorified journal that…really didn’t do anything. 

But the mobile application has grown leaps and bounds over the last half-decade, turning into an integral part of how we manage everything. Our schedules….our social lives….our entertainment….multiple segments of our financial profiles. Everything from your mobile banking to your Robinhood App allows you to do it all, from paying your rent to optimizing your portfolio. What a time to be alive. 

The return of the food tracker

But emerging from the smoke comes a small portion of the mobile application market helping those with chronic pain better manage their conditions, accomplishing everything from minor relief to downright shifting the entire outlook of a diagnosis. 

No, it’s not WebMD or some big medical community app you’d see on Reddit with millions of members in its Sub. No, these are actually food-tracking apps. Turns out they’re more than just a show of effort for those who aren’t making progress with their fad diet. They’re tracking everything they eat..it’s not a diet. It’s a lifestyle. 

No, it seems in the hands of users who really benefit from tracking what they eat, these applications are far more useful than one could have ever imagined. To be fair, some of these get pretty technical and are a far cry from the glorified notepad you downloaded in the Play Store a decade ago. Let’s check out the top examples. 

Food Diaries and Symptom Trackers

Apps that fall under these categories, like mySymptoms have proven to be invaluable for those suffering from things like IBS, GERD, celiacs, and all types of gnarly food intolerances….allergies – you name it. So what’s so special about mySymptoms? Well, this app, like others that are similar, allow users to record their medication intake, drink, food, environmental factors, stress, quality of sleep, bathroom trips, and all other. types of intrusive information in a VERY detailed log, allowing you to export it in a handful of ways. You can analyze the data yourself and get to the bottom of what’s ailing you or what has the worst effect on you – or submit it to your doctor for a more detailed analysis. It’s basically giving you the ability to do your own detailed medical study with little to no effort and actually make some headway and fix your gut problems. 

Incredible Results for Underactive Thyroid

Underactive thyroid is the leading cause of hypothyroidism, and causes a vast array of yucky, undesirable symptoms. The problem is, with this autoimmune disease – like many others of its kind, it’s difficult for doctors to provide relief or find answers because it literally affects every part of a person’s body. In the short term, we’re talking about brain fog, fatigue, and low hormone production. In the long term, though – some patients are looking at potential cases of heart disease, poor mental health, obesity, and even fertility problems – all because doctors can’t get an efficient grip on what areas to treat. 

One patient, Vedrana Högqvist Tabor, was sick of wasted doctor’s appointments and constant frustration. So she created her own app. It tracks different metrics, like the things she eats, and then it tracks symptoms by severity and medication intake. All this data is cross-referenced and given to an expert physician, and by making changes that focus on a better diet combined with decreased stress, 96% of all users of this application (BOOST Thyroid) have experienced some amazing results. 

You mean it matters what we put into our bodies? 

Finally, it seems some attention is being given to the importance of what we put into our bodies. Hopefully, as applications like this continue to change people’s lives – as a nation, maybe we’ll slowly begin to float away from the Battle of the Bulge and an all-Big Mac regimen. Maybe. 

Baby steps….

but the future does look a bit more promising thanks to these new applications that focus on the quality of what we digest. 

<em>Product-led growth and the startup: What does it mean?</em>
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Product-led growth and the startup: What does it mean?

“You’ve got a product, not a company!” rebuke the investors on Shark Tank.

It’s a common complaint, especially with SaaS. Really, is Salesforce a product or a company? It’s both.

You can be a product-company if you have a really good product. In fact, for startups it’s pretty much the defacto standard.

From AirBNB to Microsoft, software companies are closely entwined with their products. Even the Robinhood company is just the Robinhood app. And that’s what makes product-led growth so important.

What is product-led growth–and why does your startup need it?

Product-led growth (PLG) is a marketing and sales strategy that centers around the customer’s experience of your product. It focuses on creating an engaging product that users will come back to again and again rather than focusing heavily on traditional outbound marketing strategies.

In other words: If you build it, they will come.

A product-led strategy can include features like simple onboarding flows and automated trial experiences, as well as self-service solutions like help centers and FAQs. You’re basically automating everything positive about your customer’s experience of the product.

For startups, PLG is especially beneficial because it allows them to invest in product development instead of more expensive marketing campaigns.

By creating an accessible and engaging product, companies can capture more leads through organic growth that’s driven by the user experience. This can result in cheaper acquisition costs, a larger customer base, and a more reliable revenue stream.

At the same time, PLG is also an effective way to build relationships with customers by creating an engaging product that encourages them to come back for updates or new features.

OK–how does product-led growth differ from customer-led growth?

Here’s the elephant in the room, because you’re probably talking a lot about customer experience, user experience, etc these days.

While product-led growth focuses on creating a great product experience, customer-led growth (CLG) centers around the customer’s needs. This involves learning about their wants and needs, analyzing user data to identify trends, and using that information to create a personalized experience tailored to each individual.

But in simplest terms, let’s say the customer needs blue, and you provide green. Under customer-led growth, you’d produce a blue product offering. Under product-led growth, you’d more effectively target green-loving customers.

CLG is an effective way to build customer relationships and loyalty over time, as it provides a more personalized experience. And really, you should use them together. But the main difference between PLG and CLG is that PLG focuses on the product experience while CLG focuses on the customer experience.

But what’s your product? The potential weaknesses of product-led growth

Product-led growth does require that you have a really strong product. If you’ve got nothing, then nothing will ever materialize. You’re banking on the strength of your product to carry you through all your marketing.

I mean, you can get pretty far on nothing. Remember when Elon Musk sold us all an expensive lighter as a flamethrower? We thought he was cool back then. Tesla is still primarily a product-led business, focused on the production of slick electric cars–they don’t need to advertise. They’re Tesla.

So, remember: You’ve got a product, not a company. Without the product, you don’t have much. So make sure your product is amazing and engaging before launching into PLG.

That being said, there’s kind of a reason those millionaires on Shark Tank hate it when a company has only a product. A company supports its product: You need excellent support staff and a great company architecture to back it up.

The world’s changing–time to disrupt it

Whether you’re working on an enterprise SaaS mobile app or just trying to make the next Twitter (yo, we need it), the world is changing fast. A product you develop today might not even be necessary or relevant tomorrow.

Visionaries are able to shift paradigms and pivot fast. Continue to gauge the temperature of the startup world through everything from high-powered think-tanks to regular Reddit threads. When you hit upon the right product for you, you’ll know it.

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What the Latest Google Algorithm Update Means For You

 According to one recent study, the vast majority of all people still find a brand for the first time in the exact same way: via a search engine. A massive 93% of all online experiences still begin that way, which is why concepts like search engine optimization are so important.

More than that, the same resource indicated that about 70% of the links that users click on when they make a search are organic. This means that while PPC (pay-per-click) advertising alongside the search results do make somewhat of an impact, they can’t match the power – or the reach – of ranking organically.

Google uses an algorithm – the mechanics of which are a closely guarded secret – to determine which pages rank highly for which terms. If you check enough of the algorithm’s proverbial boxes, your content is deemed both valuable and relevant and you rank highly as a result. If you don’t, you might appear near the bottom of the page or even on page two – which is a location that roughly 95% of all users will never reach.

So if you’re a business that wants to connect with as many new customers as possible, ranking as highly in Google as you can should always be a top priority. It’s also why it’s critical to pay attention to whenever Google updates their algorithm – as they’ve recently done once again.

The Situation With Google’s Algorithm

Again, the precise way that Google’s algorithm works tends to be kept from the public to keep people from gaming the system. It’s a little like how keyword implementation used to work in previous years.

Once people figured out that keywords mattered and that Google used them – and their volume – to determine how a page should rank, everyone began the practice of keyword stuffing. This means that the quality of the content itself didn’t matter – so long as you had the right keywords inserted into the page as many times as possible, you were virtually guaranteed to rank highly.

Once Google tried to put a stop to that practice, people got tricky. They would hide keywords on the page that were the same color as the background. Your average reader wouldn’t ever see this – but Google’s “spiders” would. Once discovered, Google updated their algorithm to put a stop to this as well, penalizing pages that practiced it in a way that saw their average traffic rates eviscerated.

Indeed, that’s why Google updates its search algorithm many times per year – in part to help provide more accurate results, and in part to try to catch people who are “cheating” their way to the top. Remember that Google makes the vast majority of its money via ad revenue, and that number is so high because it has a 90% marketshare on all searches around the world. If Google continually returns low quality or spammy links to searchers, those users will soon look for alternatives. That means ad revenue will drop.

Google doesn’t want that. Which means that you can’t want that, either.

The Recent Update: Breaking Things Down

In September, Google confirmed that it had rolled out an updated specifically related to product reviews. Essentially, Google is now “rewarding” high quality product reviews that “share in-depth research” about a brand’s products and services.

Those product reviews where someone is overwhelmingly positive or overwhelmingly negative? The ones where someone is either so happy you think they must be a bot, or so upset that they clearly aren’t recognizing that they didn’t know how to use the product and made a mistake and should be embarrassed? Those don’t matter as much anymore compared to the ones in the middle.

The product reviews that matter are the ones that include photos and videos. That provide detailed breakdowns about the benefits and disadvantages of a product. The ones that compare how something works with competing products. The kind that you’re most likely to see on a site like Reddit. The list goes on and on.

What you’re thinking is correct – your average customer or user of a mobile app like Robinhood app absolutely does not want to do any of this. They don’t have time. It’s just not a realistic idea. They have lives to lead, mortgages to pay. Kids to feed and play with. But Google, in its infinite wisdom, has decided that all of this is important. Which means that if you’re looking for an opportunity to supplant your larger competitors, you need to encourage your own customers to leave reviews that are as detailed as humanly possible.

Note that you’re also not allowed to offer them anything for free in exchange for them doing so. You need to hope that your average customer is someone with enough time on their hands to want to do this all on their own. Is this a tall order? Sure. But again – if you want to play the game, you have to play by Google’s rules. At least for the foreseeable future. 

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The Top Trends for EOY 2022

Currently, we exist in the age of the trend – a world where attention spans are measured in nano-seconds. We live in a true walking contradiction in every sense of the word, where time and technology seem to be moving faster than ever before. 

There is no constant anymore, young grasshopper – there is only the trend. Honestly, we just exist in a world that’s more conducive to ideas, and innovation, with unlimited information at our fingertips. It’s a gift and a curse, but it does make for some amazing concepts – and some may actually stick. Maybe..

These are the top trends for EOY 2022..

1. Metaverse Real Estate

We’re in the age of the mobile app. First, we had Robinhood App…allowing all of us to trade, invest, and sell at the drop of a dime. Then, we ushered in the NFT.

And now, ladies and gentlemen, we have the Metaverse Real Estate. Reddit is rife with information and advice – and plenty of…blunt..opinions regarding this trend. 

Just so you’re up to speed – an NFT (nonfungible token) is a digital item that’s bought and housed within a virtual world or landscape. 

In the same manner, Metaverse real estate is acquired with crypto. After finalizing your purchase, you receive your deed or title – a piece of unique blockchain code. 

These transactions go through real-life property managers or brokers – seriously. Pick your metaverse platform and stake your claim – but be warned: There are no regulations, and no special certification is required. So, pick and choose wisely who you work with. 

2. EVs

Just a decade ago, EVs were still a prototype for most auto manufacturers. Now, they’re on the highways and streets of every state and city, continent and country – they’re everywhere. And apparently, they aren’t going anywhere anytime soon. With new legislation signed in California and other states following suit, many auto makers already have the wheels turning for plans to completely eliminate the manufacturing of fuel-powered vehicles. 

3. Selfie vs. POV

The selfie existed just fine – ruling the world of narcissism with an iron fist. There was even a selfie song. Then the selfie’s arch enemy, the POV, had to disrupt everything. In the end, it looks like there’s room for both, as the selfie is a young person’s game, and the POV is for all of us old timers over the ripe old age of 21. 

4. Permanent Remote Work

When Covid ushered in the single biggest change in our workforce in history, we’re not sure if anybody quite thought it was here to stay. But when many companies discovered the innovation it brought and other advantages – the remote worker became a permanent fixture. And it doesn’t look like it’s changing anytime soon. 

5. The Focus On Employee Wellness In the Workplace

This is another silver lining regarding the pandemic. When half the world was laid off, those who had no choice but to adapt and press forward discovered how empowered they could be as freelancers. Soon, those who had known nothing else but the hourly grind were transformed overnight into entrepreneurs – and making a pretty penny doing it. This allowed a large portion of the global workforce to collectively tell their bosses to take this job and shove it – or treat us better. And guess what? The corporate world obliged. Companies everywhere are rolling out new packages and programs that place more emphasis on employee wellness and appreciation. High five. 

6. Collaborative Technologies

With the explosion of remote workers came the sweeping deployment of collaborative technologies. Offices around the globe have left the cubicle and are currently Slacking, Microsoft Teaming, Google Workspacing, tweeting, ticking, and Zooming away. Who said the remote worker would kill the collaborative environment of most organizations? Another high five. 

7. Lead Agencies, Agency Tools, SaaS, etc. 

The fiery battle between marketers of cold, modern ad agencies, and other parties is extinguished. There is no separation of the old way and the new way – but instead a focus on the user. Just a year ago “content was king,” but now efforts are being placed on eliminating ad fatigue through unique creation, a clear message, and user intent. In other words, agencies must make good on their promises by reaching the target demographic like never before. 

Pricing and proofing aren’t the only items on the table during the initial negotiations with an agency. It’s hands-on now. We’re in the age of workshops, meetings with real experts in the field, and seminars – any way that a client can digest real knowledge and understand how their target audience is captured. Nowadays, it’s not about the bells and whistles – it’s about the relationship and the trust factor. The good guys are winning. 

8. SMS Marketing

Here’s the talk of personalization again. The balance of power has shifted to sending coupons, promotions, and messages that pull the hearts and strings of your customers. Even live conversations with “real people.” The intrusive “old way” has left the building and customers have the choice of opting out. We’re possibly in the most polite age of advertising and marketing that’s ever existed – and it’s working. 

9. Influencer Marketing

Partnering with the top influencers in your industry can expand your options to a MASSIVE pool of potential buyers. Just how big is influencer marketing? Try to the tune of $13 BILLION just since 2021. That’s a hell of a “trend.” But a new trend has emerged within a trend – the micro-influencer. Instead of hundreds of thousands of followers companies are leaning to influencers with 1,000 to 10,000 followers – and gaining a more intimate experience…and no doubt reaping the benefits. 

10. TikTok vs. YouTube Shorts

In the battle for capturing the minds of audiences with the shortest attention spans, the short-form video content battle is being waged between the behemoths of the industry – TikTok vs. YouTube Shorts. So far, TikTok seems to be winning. Now we also have IG Reels emerging as a third participant. Moving into 2023, it will be interesting to see which platform consumers, advertisers, and creators gravitate towards. This could get ugly. 

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Who is currently winning the battle for web3?

Can you disrupt an industry that’s just begun? Who is currently winning the battle for web3? It’s a complicated question — for end users, the hope is that no one wins. For companies, the hope is that it creates megaliths and monoliths.

Metaverse, Web3 and Blockchain Technology Concepts. Opened Hand Levitating Virtual Objects. Futuristic Tone

Facebook’s Got the Name

Sorry — Meta. Regarding being recognizable, Facebook has worked hard to make itself synonymous with web3. And the work has paid off; most people think of Meta when they think of the “Metaverse.”

The bad news for Meta is that everything published about web3 looks extraordinarily goofy. While people are thinking about the Metaverse when they think about Meta, they aren’t taking it seriously.

The Game Industry Has It Locked

From mobile app to VR space, the game industry is really making advances into web3. It’s understandable. The gaming industry has always been at the forefront of new technology. And society just got out of a few years of staying at home and playing with their computers, consoles, and phones.

If you want an example of what “the Metaverse” and web3 could do, you need only look at… Roblox and Fortnite. There are children already growing up in the Metaverse and living their lives in an overlaid, digital reality. People are holding concerts in Fortnite.

It’s Not Like Amazon Isn’t Trying

With Amazon’s AWS technology, it may be surprising that Amazon really isn’t breaking out into the web3 space. Why isn’t it selling digital terrain through its online platform?

Actually, Amazon is trying. Just this year, Amazon Studios released an MMO that they had touted to be groundbreaking. It ended up being quite poorly received and almost universally panned. It was just a regular MMO, but it shows that Amazon is trying to get into the digitally interactive space.

Of course, to really disrupt web3, you need to be able to get into the space and be accepted by people and Amazon doesn’t really have an understanding of people, nor does Zuckerberg.

What about the NFTs?

You know, a little while ago we could stay that bitcoin was definitely the winner of web3. But Bitcoin is going the way of the dodo. Even if it’s the de facto standard still for trading and bartering in crypto, it’s not going to be for long. Because it’s being surpassed by other contenders.

NFTs are going to stay but they are going to be very different.

Right now, there’s a battle for the soul of web3. It could be Facebook, Amazon, Google, or any other large company. But it could also become a decentralized service that everyone can take advantage of and enjoy.

There’s something to the dark net. It’s not just a place to buy drugs and hitmen. The dark net has remained entirely uncontrolled and collaborative for years. It’s a space where anyone can throw up a site and everyone has to essentially collaborate for people to get there. Read into the dark net and you’ll find that more things are being traded in the dark net than on the Robinhood app.

So if you want to find out more about the future of web3, why not make it? And if you want to know what people hate about web3, just ask Reddit.

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Which Startups Are Resilient to Recession?

A downturn doesn’t destroy startups. Rather, it separates the startups that are in recession-proof arenas from the startups that didn’t think about the economy at all. Silicon Valley is no longer a pinata full of cash; you can’t just take a whack and bleed green. You need to be thoughtful about your enterprises. Well-run companies will thrive. The others will perish.

Lean it up

Strip your tech, drop your weight. Startups that were getting fat need to lean it down; they need to pare down to the barebones now. Now is not the time for rapid expansion or hyper-scaling. It’s time for hunkering down and building real muscle. Start cutting areas that you can cut while still retaining your core technology, talent, and identity. You don’t want to be the people scrambling to pick up talent later, but you also don’t want a thousand excessive tools and utilities that you really don’t need during a time when you can’t build strong scale.

Build homes, not castles

Focus on the major pain points of companies and create technologies that they need. Okay, a decade ago, you could make millions solving some minor “problem” that a company had or giving them some luxuries that they didn’t want. But now you have to concentrate on the issues they have. And they’re going to have a lot of problems. Think about what’s going to happen to people when the economy crashes? How can you help them lean it up themselves?

Learn from success

Hey, Amazon’s doing great isn’t it? Walmart, Amazon, anyone who sells stuff online, really. But who isn’t doing great? Oh, Facebook, Twitter… social media. It turns out that during a recession, companies that don’t produce anything of value don’t do great. Take a look at the companies that are posting record profits during these recessions. It has to do with the technologies that are making it easier for people to survive during a recession, doesn’t it?

Make less go further

Don’t just lean. Think about what you can do to grow your client base from within. Think re-selling, re-targeting, re-marketing, rather than raw expansion. What other problems can you solve for your customers? How can you help them succeed? Their success is your success, after all. It’s easier to sell to people who already love you. And, as Amazon has discovered, clients are more likely to stay onboard if they rely on you for multiple things. How many people still have Amazon Prime because they don’t want to lose Prime Video or Prime Music?

Look to the debt/credit/finance industry

And finally, look, it’s a raw deal, but the reality is the industry that’s gonna be doing great is in debt, credit, and finance. At minimum, diversify your interests. Fintech booms when deals go bad, and there’s no way around that. Forge partnerships within industries that are going to last. The real estate bubble, for instance, might crash, sure; but it’s not going away.

Alright, so you’re on your way to building a mobile app to disrupt—which industry? Choose a lean one. A recession doesn’t have to stop your startup in its tracks, but you’re doing it wrong if it isn’t changing at least some of what you’re doing. 

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Snapchat’s Crash Leaves Social Media Disruptors Gasping

Okay, so, the entire stock market is crashing. So this probably isn’t surprising. Open your Robinhood app, and it’s just a crazy sea of red. But there are still some standouts, sometimes for the wrong reasons. Snapchat crashed 43% because it didn’t meet its revenue targets. But that’s actually not altogether surprising.


Why Did Snapchat Crash?

It’s not that extraordinary. Many social media platforms suffer from the same problem. Even if they disrupt the market and get millions or, in Facebook’s case, billions of users, they have no clear path towards monetization. Facebook countered that by getting in good with businesses and starting to develop ads.

Snapchat has creator monetization tools, which makes it fairly unique among “social media first” platforms. But by and large, it’s just not an easily monetized mobile apply.

A lot of social media platforms are on a VC runway. They lose money, but they still get investments because they have such extraordinary engagement and active users. 

The Implications of the Snapchat Crash

But investors are becoming disenchanted with these continuous losses. As the recession pulls investors back from spending, it’s going to pull back on these high-risk, would-be-nice plays. Do you really want to be invested in Snapchat and it’s potential monetization as it bleeds money? Or do you want to pick up some cheap Microsoft stock, knowing that it’s currently at an extraordinary discount?

Social media disruptors tend to concentrate on engagement and hope, very fervently, that they’ll figure out monetization later. But that’s not the strategy. Just ask Reddit, which has had to incorporate pretty aggressive advertising on its platform to stay afloat. Just ask MoviePass, which lost investors millions of dollars on its casual “we’ll figure it out” engagement play.

Monetizing Social Media: Is It the Metaverse?

So, here’s the thing. Anyone who wants to disrupt social media needs to have their monetization baked in. How do you monetize social media?

The best way, quite honestly, is going to have to do with the Metaverse and product placement. Metaverse—purchasing digital items that generate a “lifestyle image,” whether that’s cosmetics for your digital avatar or filters for your digital photos. Produce placement—advertising that’s less obtrusive and more likely to get people to buy, because people are sick of ads.

That being said, social media ads are going to become tremendously more effective shortly because of the death of the third-party cookie. Cookies can’t track you, but your social media account can.
People are focusing more on product placement now. Get creators to highlight your items. Build sponsorships. In fact, that’s actually pulling back to the very early days of the web when everything was directly sponsored. Including the reviews.

But social media is a hard nut to track, because engagement doesn’t necessarily mean monetization. Companies that are poised to disrupt the social media market need to really dig into their monetization and make sure they have a viable strategy. We aren’t in the second DotCom boom anymore; VCs aren’t going to throw money at every mobile app that’s being built. You need an actual business strategy, not just a product.

As for Snapchat, well, the problem with social media platforms is also that they have a shelf-life. Just as the kiddos are moving away from Facebook, they’re moving away from Snapchat, too. Kids aren’t going to use the same platform as their parents—and it shows. So, the time is right for a successor to TikTok. But who will it be? 

Elon Musk takes over Twitter
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Elon Musk takes over Twitter

Can you believe it? It worked. But what does it mean for the media? What does it mean for “free speech” and the market of opinions? Elon Musk has finally bought Twitter — and tanked his own stock doing it. What does that mean for digital disruption?

A Hostile Takeover

Earlier in the month, Elon Musk started a hostile takeover of Twitter by purchasing an immense number of shares. Twitter reacted by enacting a poison pill measure; a poison pill is something a company does specifically to avoid a hostile takeover, making it effectively impossible for a company to be taken over through stock purchases alone.

But despite the board initially saying that Musk would have no control over the company, they quickly introduced him to the board. And when he offered $44 billion for Twitter itself, they rather quickly folded. Musk is known for his capricious but often visionary purchases; he did not build Tesla but rather purchased it.

Interestingly, until the very end, Reddit posts were saying Musk could never take over. But Redditors have a long history of skepticism, going back to the Robinhood App.

Why Does Musk Want Twitter?

Musk has a weird relationship with Twitter. He doesn’t like being censored. So much so that he’s been fined repeatedly by the SEC for saying things that manipulated Tesla’s stock prices. Musk says that he wants transparency on the platform but it’s also likely he wants the freedom to do what he wants.

Whether he’s the proper steward for a channel that has become a leading resource for news and even political change remains to be seen. Musk cut his teeth in digital disruption with PayPal and his forays into Tesla and SpaceX have both been markedly successful. But they are very different technologies.

The Consequences for Tesla

Tesla stock, meanwhile, has been absolutely slaughtered. In part, this is due to the perception that Musk is acting irrationally or emotionally, which he has historically been prone to do. If he’s purchasing Twitter as a means of radically decentralized discourse, that’s one thing. If he’s purchasing it because he wants people to stop saying mean things about him on the internet, that’s a vastly different situation. Regardless, Tesla stockholders got to see the stock plummet.

The Consequences for Twitter

While many users have abandoned Twitter, the reality is that people are mostly meh. As one user stated, “if you’re upset over a billionaire buying Twitter, wait until you find out who owns everything else.” So, a billionaire bought an online platform/mobile app. What else is new?

For many, the reality of the situation is that Twitter is just a social media venue that they can take or leave, and most appear to be waiting to see what happens.

Entrepreneurs, though, will face broader implications. One thing Musk does have a stance on is algorithm transparency.

Algorithm Transparency and Business

No one knows what special sauce Google uses to make sure that results surface. That’s the point. Billions are spent every year trying to figure it out in the form of search engine optimization.

Musk wants to make visible the mechanisms that promote posts on Twitter. And that could be both a problem and an opportunity. It will either radically change the way people are using Twitter or (more likely) destroy it as spam becomes even more aggressive and prevalent.

Companies that lean firmly on Twitter for their advertising campaigns are currently right to be wary.

Note that the Musk deal with Twitter could still fall through. It’s not finalized. He may discover that he didn’t want to buy Twitter after all. He may get butthurt that Bill Gates’ short position against Tesla paid off big. And Twitter itself may decide not to capitulate.  

Still, this gives rise to many thoughts as to how the wealthy can control discourse, how vulnerable the entrepreneurial disruption community is to its tools, and how the internet is evolving today. The Twitter purchase will undoubtedly disrupt business on the platform and mobile app; the question is how much?

Geotargeting & Geofence Marketing: How a small company can disrupt a big market
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Geotargeting & Geofence Marketing: How a small company can disrupt a big market

If you feel like social media and online marketing is shouting into the void, you’re really not alone. Many small, local businesses are told to invest in online advertising and mobile marketing only to discover that it’s really not effective for them.

Imagine if you advertised your company to every 10,000th person on earth. How many of those people would actually be able to use your products or services? Probably none of them. There are a lot of people on earth and there are a lot of people online.

Geotargeting and geofence marketing focus on hyper-local leads — so you can stop shouting and start earning.

Connect to the Customers Closest to You

It’s the customers that are closest to you that you want to connect with. It’s better to connect with 50 people in your neighborhood than 5,000 people across the world. And it’s cheaper, too. When you connect with customers close to you, you greatly enhance the viability and effectiveness of your advertising campaigns. 

How Does Geotargeting/Geofencing Work?

Geotargeting/geo fencing works by identifying where customers are inside of a broader, third-party advertising network. For instance, Google Ads shows throughout the world but can show your ads only to those who are in your vicinity. Geotargeting is broad; it just means that you’re sending your ads to those who are in your country, state, city, or even zip code.

Geo-fencing is a little different. Geo-fencing specifically defines an area, such as an area that is located in a highly-trafficked region around your business. Once individuals are inside this area, they are targeted. Geo-fencing can be used to deliver ads through PoS systems within your neighborhood, for instance, or to send ads to phones and other devices detected in your region.

The Advantages of Geotargeting

Really, the advantages of geotargeting are clear. You can spend $100 to connect with 5,000 people in the world or $10 to connect with 50 people in your area. It’s cost-effective and far more useful.

But it also enhances public perception of your brand, as you’re no longer trying to reach out to individuals who wouldn’t be interested in your advertising to begin with. Geofence marketing creates more relevant, useful advertising, as well as more profitable strategies.

Implementing a Geotargeting Campaign Strategy

To implement a geotargeting campaign strategy, you (obviously) need to know where your customers are. There are third-party ad platforms like Google and Bing, but their usefulness will actually be vanishing shortly; action is being taken to reduce third-party tracking cookies.

There are two better options: social media marketing and third-party behavioral targeting databases. Social media marketing works because individuals already provide where they live to the social media platform. Even better, they provide information such as whether they’re married, whether they have children, and even where they work and where they went to school.

Third-party databases seek to identify consumers based on their behavior and contextual information without the help of cookies or files stored on the user’s device. These third-party geotargeted databases are likely to grow dramatically once cookies become ineffective for geofence marketing.

Summary

With the right geofence marketing, your company can focus all its efforts on advertising directly to the people who are closest to you. When they look at their phone or check their email in your location, they’ll get information that relates to your business. If they’re halfway across the world, they won’t.

But this type of advertising and mobile marketing really does require that you use the right technology. Social media marketing provides some of this targeting, but mobile marketing is about to get a lot more challenging.

What the heck is r/WSB? How did a small mobile app called Robinhood disrupt the Titan’s on Wall Street?
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What the heck is r/WSB? How did a small mobile app called Robinhood disrupt the Titan’s on Wall Street?

When was the first time you heard about r/WallStreetBets or RobinHood? If you’ve been following financial disruption at all, it was about two years ago, when the “infinite leverage” glitch catapulted the Reddit sub and the app into fame.

The stock trading platform for “the little guys,” the RobinHood app makes it easy for anyone to trade. Not just stocks, but options. And that means that at-home, single-person traders (like Redditors) have the ability to place trades (really, bets) that can get them practically infinite income… and practically infinite losses.

YOLO: The Culture of r/WSB

The denizens of WallStreetBets call themselves “autists.” This isn’t as denigrating as it sounds; it’s praise, to them. While not politically correct, it’s their way of saying that they focus on one thing and only one thing. Sometimes to the detriment of the rest of their life.

And sometimes they’re horribly wrong. But often they’re horribly right. Either way, they disrupt.

r/WSB users focus on “YOLOing” stock. In other words, they place very large positions on things that are essentially gambles. But the beauty and complexity of WSB is that they often aren’t gambles. Usually, the people on r/WSB are trading on news, which are entirely valid ways to trade.

Moreover, r/WSB takes advantage of a cyclical effect. While they aren’t organized (and therefore aren’t illegal per the SEC), they have significant visibility. When someone posts that a stock is “winning” for them, others will fall in line. From r/WSB, it eventually gets into the mainstream media. This all crystallized with GME.

But again, this isn’t anything that anyone else hasn’t been doing for a long time, such as stock reports on the news.

GME: WE LIKE THE STOCK

Tune into r/WSB and you’ll see everyone saying something very simple about GameStop: “We Like The Stock.” This is about more than just defying SEC’s collusion standards.

Way back in the before times of “a couple of weeks ago,” GameStop brought in a couple of executives from Chewy. Investors became bearish on the stock, expecting these executives to turn the retailer around.

This was around when people noticed that GameStop was incredibly over-shorted.

People started investing in GME because they genuinely did “like the stock”; they saw that it was undervalued because of the shorting. Essentially, hedge fund managers were trying to drive GME into bankruptcy by selling over 100 percent of its available stock.

RobinHood: Steal from the Poor, Give to the Rich?

However, the very same company that started the GME surge is the one that ultimately betrayed its own users. At the height of GME hysteria, RobinHood decided to restrict trading, so investors could only sell GME and not buy it. GME plunged to half its value before starting to recover again. And RobinHood wasn’t alone. Many other brokerages restricted trading GME for high volatility.

This is now being investigated, by such high-profile individuals as Alexandria Ocasio-Cortez and Ted Cruz. Essentially, brokerages were able to fix the price, because they only allowed for selling — theoretically to help hedge fund managers.

GME, AMC, BB: To the Moon

GME isn’t the only one that’s being promoted by r/WSB. AMC and BB are other stocks that those on WSB appear to have a consensus about: They think they’re undervalued. AMC was nearly driven to bankruptcy but received a cash infusion, and its problems are likely to be over after COVID. BlackBerry is leaning hard on privacy at a time when privacy is being questioned on almost every frontier. While some believe that these are distractions (the more people invest in AMC and BB, the less they’ll invest in GME), they’ve been on Reddit’s collective mind for a while.

GME was unique because it was so incredibly over shorted. It was over shorted by nearly 150 percent. Comparatively. AMC is over shorted by only about 50 percent (which is still a lot). But a short squeeze actually isn’t critical for market disruption; this was seen with TSLA’s explosive performance over the course of 2020.

What’s Next for r/WSB?

So, r/WSB is moving its money off RobinHood’s mobile app and there are a few new contenders for the crown. While the mobile app Cash App doesn’t allow purchases of GME, it does allow AMC — and it allows for the purchase of fractional shares. Stockpile still allows the purchase of fractions of GME. And other brokerages, like E*Trade and Fidelity, never stopped. 

r/WSB is still leaning into GameStop. After all, they like the stock. And now it’s become not just an investment but an ideological mission; a way to say “F-YOU!” to the Wall Street fatcats.

This isn’t illegal. It’s not even strictly frowned upon. r/WSB is just a collection of like-minded people discussing stocks and determining whether they like a stock. They have absolutely no inside knowledge; they only know what is reported from the outside. They then independently decide on whether they want to invest.

This is something that’s baked into the market. But never before has it been so easy for someone to invest directly into the stock market. People today can manage their own retirement accounts, buy their own stocks on their lunch break, and otherwise invest freely — and quickly.

Right now r/WSB is pumping up GME, AMC, BB, and… you probably won’t believe it… Dogecoin, a cryptocurrency based on a Shiba Inu meme. And as crazy as it might sound, there are millionaires being made overnight… and billions being lost… all on a mobile app.

The success of our agency is built upon the success and growth of our clients. Contact Colure’s Mobile App Development Team to discuss your next project and disrupt next industry.

Photo by Karolina Grabowska from Pexels

Use object-based targeting to reach your audience
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Use object-based targeting to reach your audience

Object-based targeting allows companies to focus the content of an advertisement to match the content posted by a consumer. If you post pictures of dogs, this technology will marry canine-themed advertisements to appear in your social media.

With real-time social media playing such a big role in the lives of consumers, it was only a matter of time before somebody grabbed ahold of the reigns on real-time advertising. Snap Inc. took a big leap last year by patenting a new technology that will change real-time advertisements in a central way. The technology will allow advertisers to target Snapchat users in a uniquely personal way.

Snap Inc.’s object-based targeting will enable advertisers to promote their product based on the content that Snapchat user posts to their account. If a user snaps an image of a new pair of Nikes, they’re likely to see ads for footwear.

Snap Inc. has yet to enable the technology on Snapchat, but it’s expected that the new features will bring in a significant revenue increase and user growth. In fact, they made $1.2 Billion in 2018 — a big jump from the $59 million they made in 2015.

Consumers repeatedly respond more to image-based advertisements than to written content, so object-based targeting offers a way to speak the language of your consumer audience. Behind Facebook, YouTube, and Instagram are the top social media sites. Both of these rely almost completely on visual content. Not only is it more engaging, but visual content makes your advertisement more memorable. Research shows that when people listen to information, they’ll remember 10% of the information three days later. If that information is paired with a relevant image, they’ll remember 65% of the information three days later.

Snapchat’s new feature will mean that advertisements can be targeted even more specifically than they already are. Advertisers will be able to respond to users automatically and instantaneously, virtually serving up a user’s interests on a silver platter.

Content Distribution
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Content Distribution

A successful content distribution strategy utilizes already existing channels such as Twitter, Reddit, or the good old-fashioned email list to promote your content. More importantly, it targets your client demographic and reaches out to them through media that they respond to. There’s hardly any point in putting time into creative Snapchat stories if your client demographic is over the age of 50. You’d be far more likely to make an impact through email.

We spend a lot of time talking about the power of content, and that’s valid. Compelling, engaging storytelling is a huge part of drawing in potential clients. But, you may be wrong if you think a posted article or shared Instagram story will create a new stream of clients. Sharing that valuable content is only half the job; the second half is distributing the content for users to engage with.

5 ways to promote your content:

  • Email subscription lists are vastly underrated. Social media gets all the hype these days, but the reality is email is still hugely effective. Its lack of advertisements and ability to act as a portal to other forms of media means it’s still a huge part of marketing to clients.
  • Influencer marketing relies on social media users with a lofty reputation to promote content for them.
  • Twitter ads are effective because of their conciseness. Their short and sweet nature is attractive to the impatient and hurried consumer.
  • Push notifications offer an immediacy and responsiveness that you just can’t beat. Research shows that they boost engagement by 88%.
  • Facebook dark posts are a fairly untapped medium. In short, they allow you to post multiple advertisements to Facebook, each targeting different audiences, without making your own News Feed look cluttered or spammy.

Millions of tweets, posts, videos, and stories are shared every minute. Being selective about how and when you share is vital to your success. While authentic content is significant to reaching potential clients, the value is moot if no one is seeing it. A distribution strategy gives reach and dynamism to your content.

What is social media marketing?
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What is social media marketing?

Social media marketing (SMM) is a form of Internet marketing that involves creating and sharing content on social media in order to achieve your marketing goals. This includes posting text and image updates, videos and other engaging activities. These may include tools such as a hashtag, which drives audience interaction and engagement.

The use of social media in marketing has brought new consumers to businesses by expanding their audience and directly targeting the audience on platforms that they use every day.

Your business type should inform and drive your marketing strategy. When building a social media marketing strategy, it should reflect the following questions:

  • What are you hoping to achieve through social media marketing?
  • Who is your target audience?
  • Where would your target audience hang out and how would they use social media?
  • What message do you want to send to your audience with social media marketing?

Gathering data will allow you to pinpoint exactly what the consumer wants and how to engage their social media. When marketing is introduced to social media, consumers automatically participate subconsciously, which then drives sales for a business.

Great content and a consistent brand image are what will drive your social media marketing. By staying consistent with your brand and other forms of marketing, consumers will be able to retain your products and relate it back to your business’s core identity.

Social media marketing has expanded due to the increase in usage of sites that target consumers use the most. The most common social media site include:

  • Instagram
  • Pinterest
  • YouTube
  • Facebook
  • Twitter

Social media marketing is effective whether the company acts alone or has collaborated with others. Back in 2015, emojis became a trend among social media users. Brands picked up on this trend and started to use the emojis as well.

Taco Bell, who has an interactive social media presence among the youthful demographic joined in on the trend. Users simply had to tweet at Taco Bell with taco emoji and another of their choice, and the brand would tweet the user back with a humorous mashup of the two images.

Other companies such as Urban Decay used Pinterest to get users excited about a new makeup collection by creating a contest on the social media site where the winner would win tickets to the sold-out music festival Coachella.

Social media marketing has become a powerful marketing tool due to the usage among its target audience and growing youth population. It is an advantage to businesses on staying up-to-date with its audience, but also increase sales as well.

Corporate transparency vs. sharing too much information
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Corporate transparency vs. sharing too much information

Consumer access to information has placed the discussion of corporate transparency clearly before our eyes. This debate is about a company’s ability to be as forthcoming about their brand as possible, in order to gain their customers’ trust. An increasing number of companies are adopting a ‘full truth’ method for a few reasons.

In an effort to increase their public persona, several corporations have made efforts to improve their relationship with their customers. Patagonia, a popular outdoor apparel and equipment brand shows how it provides transparency for its customers.

Patagonia provides its customers with its Footprint Chronicles. This feature allows customers to track the environmental impact of each item sold by Patagonia. The brand offers interviews, PowerPoints, and more, which details the people and history behind the products. For those who are consumers of the brand and advocates for the earth, this feature allows them to be conscious about what affects their purchase will have on the planet. However, this is just one such brand going the distance to provide as much information about the product to the people who consume them. Other brands such as Chipotle and BMW also show a level of transparency with their customers.

 “How much information is too much information? At which point is transparency no longer a viable trait?”

How do you differentiate between transparent communications and tossing out a ‘wall of data’ to justify the request for openness? At what point do you defend your ‘corporate life experiences’ to justify the cost of proactive communication? Every person and corporation have a base of life experiences from which each has grown and learned.

If we were to expose all of our past ‘learning steps’ it could be easily argued that no one may find any one person or corporation attractive. Where do you draw the line between protecting critical competitive data and damage control?

With that said, how we communicate as we move forward is critical. This is an ethical question that every person and corporation must address as move forward. How will they communicate with others? It’s a huge “grey zone” with no defined answers.

Several large corporations are making the shift to transparency. As is so often found in communications, differing perspectives may help to provide a broader insight. Articles from Inc. and Forbes provide an interesting perspective that should be explored.

At the end of the day, how you address this quandary may be defined by a balance you discover between objectives. How do you open your business to your consumer, yet protect the company secrets and interests? Where and how do you draw the line?

Forbes writer, Daniel Newman put it this way “Your consumers will find this honesty so much more appealing than the smokescreen you try to hang over your shortcoming. They will not flinch from giving exactly what you are looking for: their trust and loyalty.”

Live streaming video
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Live streaming video

Live stream video is the superpower of the video marketing world. It offers the potential of a memorable marketing video while multiplying engagement with its interactive nature. Viewers can respond to the video in real-time, creating a conversation between customer and company. Unlike other forms of media that are strategized, planned, and produced, live stream video has a natural feel that allows customers to see a company in an organic environment.

Why use live stream video?

Live video ultimately creates the illusion of face-to-face interaction. You may not have time to sit down individually with each of your customers, but through live video, you can make them feel as though you have. It embraces conversation and develops a dialogue between a company and its customers. Unlike the thousands of other advertisements that consumers are exposed to daily, live streaming doesn’t leave room for edits, coverups, or patches. The format provides transparency — a characteristic that continues to hold more power with each year.

How to get started with live streaming video:

  • Ditch the script. Micro-organizing everything can make your video appear stiff and rehearsed. Take advantage of the organic nature of live video by finding a healthy balance between preparation and improvisation.
  • Bring in a fresh voice. Do interviews, ask others’ opinions, or create a mock panel. Changing things up gives a unique perspective and keeps consumers engaged and interested.
  • Have fun. It’s okay to crack a joke or stumble over your words. Be willing to be spontaneous, and let your customers get to know you.

Top trends in live streaming video:

  • Q&A sessions give the illusion of a face-to-face conversation. Consumers have a short attention span, but live video creates an environment that fosters immediacy. They’re much more likely to ask a question in this type of environment than they are to email someone and wait for a reply.
  • Special announcements — Announcing a new product or feature via live video helps build anticipation and excitement. Your customers are much more likely to get pumped about the big news when they see that you are.
  • Live events — Giving consumers a glimpse of a live event builds excitement and encourages customers to celebrate with you.
  • Behind-the-scenes looks — Giving a sneak peek of what goes on behind the curtain not only peaks curiosity; it also develops loyalty because customers feel knowledgeable about the company.

Research shows that consumers will watch a live video eight times longer than an on-demand video. Its unique personality cuts through the clutter of other forms of media and likely will continue growing as digital technology develops.

The cost of running your own social media
Ken Bodine

The cost of running your own social media

Running your own business is more than a full-time job. If you are like most entrepreneurs, you’re probably already working between 40 to 60+ hours per week handling the day-to-day operations of your company. A huge question that frequently hits the corporate boardroom is “in addition to running my own company, should I also handle my company’s social media?”

First and foremost, we applaud the entrepreneurial spirit. It’s this drive that motivates each business owner to reach for their greatest dreams. Everyone has their own goals and abilities. The drive to “do it all” is often found at the core of success. But everyone has limits on two of their most basic resources – time and ability.

Let’s be frank – You probably would not try to fix your own transmission, perform a medical procedure on yourself or defend yourself in court. If you saw someone else trying to do this, you might be tempted to ask “Is that ego or ability?” The operations of your corporation and managing the corporation’s social media are two separate, full-time jobs. If you can honestly handle both of these corporate tasks, then we tip our hat to both you and your achievements. Not many individuals are able to muster both the time and intellectual resources needed to accomplish this set of tasks. If you cannot perform flawlessly in both arenas simultaneously, it’s only a matter of time before one or both of these two paths will become compromised.

Learning a new skill set, in order to communicate with other professionals, is critical for your growth and survival. However, there’s a huge difference between actually developing a functional skill set and “thinking” that you possess those skills. Understanding the differences between these two positions could be the line between success and failure.

Running a corporate social media mechanism requires time, industry perspective and a refined skill set. The social media manager must possess a social acuity, finesse and the undeniable ability to communicate with others. In most cases, this is NOT a part-time job. Unfortunately, these are not skills you’ll acquire ‘just because you have a Facebook account’.

Corporate owners might consider the actual cost of social media:
  • Do I actually understand what it takes to do the job? The wrong manager will kill a project. It’s that simple. Just because a manager understands some of some of the project parameters, does not guarantee that they possess a broader base of knowledge and experience required to manage the entire project. A solid project manager appreciates when they do not possess the expertise for a given objective. There is a time when knowledgeable experts are needed to facilitate a process or project. 
  • Can I do the job? You need to ask yourself – objectively – “Do I have the ability to dedicate myself full-time to my company’s social media needs?” Can an entrepreneur effectively fulfill the social media needs of their corporation and then spend an additional 60+ hours per week running their company?
  • What is your long-term objective? Do you want to be able to communicate with functioning teams or do you need to be in control of everything? There’s a huge difference between managing teams and trying to micromanage everything and everyone around you. One behavior is healthy. One is not.

A wise choice to consider is hiring a team who can objectively handle your social media needs. Whether this is an internal or an external team is the next question. That answer will be determined by your corporate needs, budget and audience. Knowing the limits of your own skill base is the first step in defining both your corporation and its social footprint.

If you are interested in exploring various social media possibilities for your corporation, contact Colure’s project managers.

What is Native Advertising?
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What is Native Advertising?

Consumers have become increasingly adept at either ignoring or electronically blocking advertisements from their screens. To battle this trend, “Native Advertising” was created to grasp the readers’ attention. This is the practice of crafting a SEM (search engine marketing) advertisement to look specifically like the content already on a site.

This advertisement is often added into a news feed, blending in with the endless stream of stories from that day’s events. In this way, the advertisement tries to slip past the reader’s defenses, in the area of the web page readers often see as reserved for “real news content”.

This type of advertising is dressing a paid advertisement in the “clothing of content”. Often you will see this if you read a newsfeed, such as Yahoo! News. In their newsfeed, you’ll see a long line of stories. Interspersed with the news articles, there will be great articles and content pieces, with interesting headlines and eye-catching images. All look like original content, but state that they are “promoted by” or “sponsored by” a particular company. This is the separation between sponsored advertising content and news content.

Mashable promoted an article touching on summer music playlists created by a new upcoming pop group.

For those interested in that pop group or in music, in general, this would probably look worthy of reading. Compare this article to an advertisement that interrupts your browsing experience by flashing on the side of your screen or that makes you click out into another window. The native ad experience is executed by “cloaked choice”, not by force.

While native advertising is a popular option, it does have it’s setbacks. Traditionally, news articles are not directly sponsored by an advertisement. However, the ads do often closely surround the news. There is a level of trust that goes into visiting a website and reading content that you believe has been placed there by journalists. These are reporters who value your readership.

If that relationship is tainted by paid advertising, it can taint that brand, but more importantly, it could damage the trust the consumer has for that site. The site must balance the funds raised by the advertisement against the cost of the consumer’s trust.

How to calculate an advertising budget
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How to calculate an advertising budget

Every company must stake its own space in the marketplace to survive. In order to successfully interact with your customers, each business must decide on the best course of communication. This function is facilitated by your company’s marketing budget.

Each business owner is an expert in their given area of practice. Everyone needs customers, yet often, stakeholders haven’t been provided with a game-plan of how to reach those customers through advertising.

We’re providing a roadmap for your future marketing budget. The purpose is to help the business owners focus their resources for the best ROI on their investment. If you begin with a focused process, your odds of success greatly increase.

Dollars and sense

When deciding on a typical marketing budget, there is no definitive answer on the dollar amount a business should spend. How much you plan to allocate depends on a number of variables including the industry you are in, the size of your business, its growth stage, your annual revenue goals, your projected sales, your cost per acquisition, whether you are willing to spend on websites, mobile apps or some other long term project.

It may be helpful to examine some methods of determining marketing budgets and average percentages that companies use in their calculations. You need to determine your marketing budget wisely and not depend on what is left over after your business expenses are covered. We are here to give you some guidelines that you can use to determine your marketing budget.

As a general rule of thumb, Colure Media suggests that the marketing and advertising budget should be on an average 10% of the company’s overall revenue. This budget should be split between brand development costs including the channels you use for marketing and the costs of promoting your business (campaign, events, and advertising etc.). The percentage of revenue calculation should account for possible additional factors such as new product launch, new market entries, and mergers/acquisitions.

Calculate your CPA

For companies who are unsure of their revenue goals or don’t know their exact overall revenue, we suggest calculating their marketing budgets using cost per acquisition (or CPA). Using a CPA, we help companies reverse engineer their budgets by understanding their sales goals. For example, if a company wants to sell 10000 units of something and if they know their CPA, they can calculate their marketing budget by multiplying their sales goals of 10000 by CPA.

It is very important to re-examine your CPA, as this is a number that you want to optimize. Your goal is to make it lower since you want to receive a higher rate of return on every dollar you spend on marketing. Continually look around for new and more effective methods of reaching out to your target market. The use of new and improved technology can help you optimize your cost per acquisition.

If you are seeking out the development of projects like mobile applications, website development, and mobile marketing (or some other long term project), our advice is that you pull that project out of your total budget and calculate its own budget as a separate line item. The reason being is that these long-term (5 to 7 years) marketing tactics require an initial heavy investment and small investments later on. You are better off doing an initial investment of around 8 to 10% on these large projects and then 2% of your annual revenue toward web development for the next 3 years. After that, you need to put money only for updates and maintenance for the next couple for years.

These values are not set in stone

Once you have set your marketing budget, remember that it is not a fixed value. There might be times when you will be throwing in another unplanned event or campaign. The main thing is to know whether your spending is giving you your required ROI.

One of the biggest issues facing new and existing businesses is that they may not know what their marketing and advertising budget should be. Often, businesses don’t understand the process of media planning. Many times budgets are set blindly, with a number just being thrown into the air and hoping that it lands on the success outlined in their business plan (if they have created one).

There are three components to every business:

     1. Unique product/service

     2. Profit

     3. Marketing/Advertising/Sales

At the end of the day, a business with unlimited funds can spend plenty of money and time running test after test, but they may sacrifice market share to competitors (who may have inferior products/services) who are knowledgeable and have navigated these seas time and time again. Blindly throwing money at your advertisements is not the answer. Define your goals. Examine your numbers. Start with a solid plan that can be modified, with purpose, as time passes. We hope that this will help your gain a better perspective on your marketing efforts.

If you want to discuss your advertising needs, contact Colure’s Project Managers to help you reach your target audience.

It’s time for your 2018 corporate social media review
Ken Bodine

It’s time for your 2018 corporate social media review

The end of the year marks the time for a broad review of your corporate social media plan. Take this opportunity to examine your media successes and failures for 2018. Before you step forward into the next calendar year, you should examine what has and has not worked for your company.

This broad overview is a specific year-end event. This differs from the regular monitoring of your media profile. The yearly review is an opportunity to see if you have reached the broad marketing goals you set for yourself and your company.

Key Performance Indicators (or KPI’s) are the benchmarks used to measure social media performance. A KPI could be the measure of website traffic, likes, clicks, or retweets. You need to examine your audience’s level of interaction with your social media profile. Are they interested? Have they been motivated to interact with your media? Are you providing the content they crave? At the end of the day – what service or content have you provided that they value?

Your media team should be analyzing your social media on a regular basis. How often? Daily, weekly, monthly, who is to say? Every company has different needs and resources. No two groups are the same. However, the one constant common to every organization is the clear need to understand their own customers. You need to decide what works best for both you and your customers.

There is one definitive answer – choosing to do nothing will be the most costly option you can select. At that point, you are wasting resources – time, money, and most importantly, your relationship with your customers.

Keep in mind that your social media profile is a living, breathing relationship between your company and your audience. It’s critical you listen to what they are telling you. However, it’s not always a simple conversation. The difference between what your customers are saying and what you are hearing can be immense. Be sure that you take the time to provide an honest evaluation of your media’s track record.

Media analytics tools make the process of analysis clean and simple. As a manager, you’ll be able to read either a brief overview or an in-depth report. Take the time to examine the story that is being presented to your team. As a business owner, this is a conversation you must understand. You don’t have to have fluent media skills, but you must be able to speak the language. You have to understand the basic concepts.

The key steps here are:

  • Research and Plan – Do Your Homework
  • Execute
  • Review your Analytics
  • Modify your Media Plan
  • Re-Execute

Let your media team do the heavy-lifting for you, but as an owner, you need to understand what they are saying. A small investment of time will yield a great reward. Learn the simple mechanics of social media analytics.

This is a polite reminder to re-examine the performance of your corporate social media portfolio for 2015. Before you do anything else, schedule a review near the end of Q4 2016 or whenever you perform your next yearly corporate media review. Don’t allow another year to pass without this critical review.

As you read these words, hopefully, you’ll smile and tell yourself “I’ve already had my yearly media review”. If this is a new concept for you, I challenge you to review your 2015 media results soon. Before you step forward into 2016, be sure to review your performance for 2015.

If you have questions how to proceed, contact Colure’s Advisory Team to help you mold your media profile for 2016.

What is deep linking?
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What is deep linking?

Time is money

Anyone who has used a search engine knows that you can easily waste hours looking for a particular piece of content. If your customers spend too much time or energy searching for your product, sooner – more often than later, you will lose them to readily available content. To combat this waste of time and energy, the practice of “deep linking” has evolved to take that customer to a specific target.

Deep links differ from broader linking practices because the deep link usually bypasses the landing page of the destination website and takes the customer to a specific location deeper inside of a website.

Deep links help to establish control over the conversion process by providing direct access to a specific goal. By taking control of the journey through customer’s conversion funnel, programmers can sidestep the need for a search and take the customer directly to the destination service, good, or data.

Deep links and mobile apps

Companies can include these deep links in a mobile text or an email format. The flexibility and speed of mobiles apps have bridged the continuity gap between the web and the mobile universe. Corporations are able to tailor the customer’s user experience (UX) to be faster and more functional. The journey has been crafted to fit the wants of the customer with the needs of the business.

“A deep link is a URL that opens and directs a user to a specific location within an app. When a developer creates an app, they can register a URL scheme with iOS. For example, in our app Agenda, we registered “agenda” as the app’s URL scheme, so any URL that starts with agenda:// will deep link to the app,” – Savvy Apps.

Deep links differ in complexity, due to their intended function. They can range from being very basic to very complicated. Many variables will define the complexity, such as function, audience, and medium. A goal for your website may be the download of a corresponding mobile application. By downloading the application, the user can access the information in an email or text more quickly than going to the website. “When the app has been downloaded, the user can be taken to specific content immediately,” – Branch.

This type of mobile device behavior will only increase in order to keep users engaged and to be able to deliver content and information whenever the user needs/wants it. Deep linking makes applications more appealing, even if the user may not want to download it. Eventually, applications will be favored over websites because the functionality of the application will overcome the functionality of the website. User engagement and experience will drive the continued creation of deep linking.

If you are interested in learning how to connect better with your customers, contact Colure’s mobile development team.

Understand social media marketing (SMM)
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Understand social media marketing (SMM)

Business Basics

Every hour of every day, social media allows people to consistently create and share information. This constant interaction has driven companies to fully embrace social media as a vital marketing tool. It aids them in displaying their products; manufacturers connect with their returning and future customers. With over 2.3 billion active social media users, a company’s robust, social media presence will continue to solidify the company’s earnings.

Social media marketing (SMM) allows companies to market their brand on social media sites to increase traffic to their websites and stores. The goal of social media marketing is to raise brand awareness on a platform that the customer uses daily. By displaying ads on a site, home screens, or creating a company page with updates, customers are repeatedly exposed to the company profile and products. If the customer likes what the company has to offer, the customer is likely to share videos, images, ads, and articles about the enterprise. This media span reaches potential clients who have not seen the brand’s web presence. SMM allows companies to increase their brand recognition and draw in, as well as retain, customers.

Shoe manufacturer TOMS saw a huge boost in their brand recognition with their #withoutshoes campaign on Instagram. In 2015, Toms designated one day a year as “One Day Without Shoes Day.” Each year on that designated day, the company asks users to post one barefoot photo on Instagram with the hashtag #withoutshoes. For each post, one pair of shoes is donated by TOMS to a child in need. Not only did the campaign rapidly spread, but TOMS also established itself as a socially conscious driven brand. This type of savvy promotion allows customers to feel that their photo contribution and any purchase of TOMS shoes will add to a larger, positive impact on the company.

Camera manufacturer GoPro frequently uses their Instagram account to show the quality of their product. GoPro extensively uses user-generated content for its Instagram page. Besides their company photos, GoPro encourages users to send in pictures of their best shots with their GoPros. This type of social media marketing not only promotes their product but helps customers to consistently use their GoPros and send in their photos with hopes of being featured on the account.

The prominence of social media in society has created a strong personalized sense of marketing. The life-blood of social media is built upon allowing people to create and share information with others. By marketing brands through ideas, social media allows people to be exposed to products they may not find elsewhere. This type of industry is not bound by a geographical location nor an allotted time slot; it is readily available. Whether the appeal comes from an ad, company page, or a friend’s referral, social media marketing is essential in staying relevant in peoples’ lives.

Republishing content extends audience reach
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Republishing content extends audience reach

Social media is arguably the most crucial outlet to market any product or service. Publishing content on the internet is only the first step to market penetration. The re-publishing or re-marketing of that original content allows for a more specific, finite placement in front of the target audience.

When a company publishes a post it might not initially receive the anticipated web traffic. The next step is to re-post that content onto another social media platform to provide exposure to a new audience. When an idea is marketed multiple times, on multiple platforms, that idea will begin to ‘grow legs’. The danger with reposting is that you do not want to earn the title of ‘spammer’ by an email system. If your reposting is qualified as spam, it will go straight into the trash. All of your republishing efforts will be lost.

Twitter, Facebook, and Linkedin are all necessary platforms for a company to reach its audience. When you have successfully connected with your audience, you can begin marketing your company with a specific audience penetration. Pcdigitalmarketing.com had a few interesting words on how to republish across various social media platforms.

When republishing your content you need to keep all facets of the process in mind:

  • Understand the correlation between the frequency of your posting and platforms you are using. If you republish a post every hour on two different platforms, the audiences will probably react in different ways. A Twitter audience may not mind the hourly update. A LinkedIn audience may find that tactic annoying.
  • Develop a tactical move to advance your content. What is the specific reason for republishing? Are you going after a unique demographic which the original platform doesn’t engage? Answer the following questions in regards to your next media move – WHO, WHAT, WHERE, WHY, WHEN and HOW?
  • When a company decides to republish, it should not repeat the same exact caption. The content title is used to draw in a reader. It should be written differently to keep the audience alive and excited.
  • If a company decides to repost content, they should know their audience and know how many times a day or week they should republish their post. It is important to republish to increase the audience, but also very important to be considerate of the audience.
  • Republishing is the perfect approach to spreading a message, as long as the person reposting knows when and how to proceed.
  • Most importantly, be sure that you are tracking the progress of your republishing with some format of web analytics. If you are not counting the specific hits – where and when they are falling, you are just shooting into a dark room with no idea as to any progress toward your goal.

Communication is an interactive process. Take the time to map the process of moving your message from you to your audience. To help you move your company’s message, contact Colure’s Project Managers.

Social media provides an opportunity to express your thoughts
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Social media provides an opportunity to express your thoughts

Due to social media, a single person’s comment, tweet or like can be amplified on a global scale. No longer are you speaking into an empty space, that voice can be heard around the world.

Since the dawn of time, the way in which people interact and communicate continues to change. For July 2015, the top three social media outlets are Facebook, Twitter and LinkedIn. People share their thoughts in various social platforms. With each form of social media, there is a different purpose, a separation between audiences.

In the world of business, understanding your company’s audience leads toward building a better business. In 2013, University of Massachusetts, Dartmouth released a study evaluating the social media activities of the Fortune 500 list members. The study found that 77% of those companies are tweeting and 70% are on Facebook. There has been a heavy increase in blogging since 2008.

“A wise man will make more opportunities than he finds.” – Francis Bacon (1560-1626)

In 2013, Oreo Cookies capitalized on an unscripted moment in life. Over 111 million people were captivated, as they sat watching live TV. During Super Bowl XLVII, the stadium lights at the Mercedes-Benz Superdome in New Orleans, Louisiana went black. The power went out – the game came to a screeching halt. Within moments, a wise advertising professional sent out a tweet that captured that moment for their own corporate gain. Oreo sent out the now infamous “You can still dunk in the dark” tweet.

Social media has allowed customers and companies to communicate to each other, directly through a simple comment. Consumers demand companies be responsive to the concerns of their consumer base. Social media has made it easier for people to express what they like and what they don’t like. Being responsive to their customer base is now the expected norm for any company of any size.

Google addresses download speeds with Instant Apps
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Google addresses download speeds with Instant Apps

In 2016, Google announced that they were releasing Instant Apps on Android devices. The feature became available on select devices in January this year, but it’s expected that it will be available on all Android devices very soon. The rollout will allow users to access certain apps without downloading them to their mobile device. This new feature has caused a lot of controversies — especially for app owners, who earn revenue from users paying for downloads. However, Instant Apps could also create new opportunities for marketers to reach a larger audience.

Instant Apps will work much like Accelerated Mobile Pages (AMP) in that the pages will pre-download content for a faster experience for the user. Content will download as the user approaches it, rather than the whole page loading in advance. This means users are more likely to stay on the app because they’re not waiting to interact with the content: 47% of users expect a page to load in 2 seconds or less.

This new feature will enable you to widen the top of your funnel and allow more users to interact with your app. An Instant App will act like a lite version of the pre-existing app, so new users who normally would not engage with your content get a taste of the full version and be encouraged to download it. Google also believes that the new feature will act as an “acquisition strategy” and boost downloads in the long run because the Instant Apps will be easily shareable. For example, by including a link to your app in an email campaign, users can engage with the app immediately without having to download it. There are fewer barriers between the user and your content.

Instant Apps could create both new opportunities and new complications for mobile marketers. Which way the scale leans will depend on how users interact with the new feature and how it will affect app downloads.

Accelerated Mobile Pages
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Accelerated Mobile Pages

It’s been a year since Google introduced the Accelerated Mobile Pages (AMP) project — a collaborative initiative that substantially decreases the loading time for mobile web pages. The project focuses on minimizing the code for static content (content that doesn’t change based on user behavior) to make pages load almost instantaneously. A regular mobile page takes seven seconds on average to load, but AMP pages take less than half a second. As consumer audiences’ attention spans get shorter and shorter, the ability to deliver content immediately is a precious tool to gain loyalty.

It’s no secret that faster loading content is appealing to consumers. The desire for instant gratification is a key characteristic of young consumers that comes with the rapid growth of technology. But AMP provides just as much to content publishers as it does to mobile device users. When companies join the AMP project, it gives them the ability to guarantee fast content to their users, creating a reliability that will continue to build trust over time. Consumers come back to the brands they trust, and if they know your company gives immediate accessibility to your content, they’re likely to return.

More than that, AMP pages are prioritized by search engines. Between two identical pages — one that uses HTML and one that uses the slimmed-down AMP HTML — the AMP version will rank higher up in the search engine results.

This stripped version of HTML shows itself in a few different ways. First, it prioritizes content that needs to be loaded first so that users can begin reading content immediately. For example, the text is going to load before images appear. And to make it even faster, images won’t actually load until the user scrolls to their location on the page. AMP also loads the layout of the page in advance to keep the page from loading more content — and making the page jump around — as the user is trying to engage with the content. Lastly, AMP only allows asynchronous JavaScript to run on its pages instead of waiting for everything to load at once.

Organizations worldwide are realizing the significance of the AMP project. Earlier this month it was announced that AMP was being adopted by Yahoo Japan and two other Chinese search engines as well. Publishers that have already been using AMP for a while have reported  that AMP pages get more on-site time, higher user engagement, and better monetization. Growing support for the project suggests that this young initiative won’t be going anywhere anytime soon.

Ad blocking: Who will pay for the Web?
Ken Bodine

Ad blocking: Who will pay for the Web?

Display advertising has long been the driving financial force behind the Internet. Ads pay for the consumer’s seemingly endless appetite for the content they consume each day. The market forces created by profit margins and the ever increasing power of market leverage are staggering. Together, they have driven advertisers to peruse an ever-evolving set of techniques and technologies to grasp either the user’s attention or information.

A growing opinion amongst users is that internet advertising is out of control. It occupies too much space, data, time, and invades too far into our privacy. Users have now been given the opportunity to block most of the advertisements that fill their screens. A critical problem created by blocking all of those advertisements is that ‘no ads equal no cash flow.’ With this new shift in power, who will pay for the web? How will the current economic model of the internet survive?

At the heart of the issue lies the following dichotomy: while practically everyone wants free access to almost all internet content, they want to yield profits from their own internet endeavors. They don’t want to have to pay, however, they do want a pay-day. No matter how you cut it – there is no free lunch. If you are on the internet, you are paying a price to someone.

With this cost in mind, several questions come to mind. What is a just and equitable compensation for ‘free access’ to content?  At that point of full and just compensation, do the data harvesting and advertising behaviors of the advertisers change accordingly?

There is no question the internet is a capitalistic environment. Publishers should be compensated for their efforts and content. The question then becomes ‘what is a reasonable price for their product?’ Should users be given a price or simply subjected to endless mining of their resources and data simply in exchange for access to content? These questions have established a blurry synergy established between the users and providers. How many advertisements are enough? At which point has the consumer fairly compensated the publisher for the content they have consumed? When has enough data been mined?

In the past few years, a growing debate has given rise to the concerns of excess. It is virtually impossible to access any online platform without being, for the lack of a better description, attacked by advertising or silently data-mined. The scary part of the equation is that while consumers are aware of the advertisements that are flashed endlessly in front of their face, they have no clue as to the nature, amount, or depth of the data about that is silently harvested behind the screen.

Bluntly, this is the price of doing business. If you access the internet, you will pay the piper.

There is a growing backlash over the increasingly invasive nature of net advertising. At the forefront of this battle are two corporate giants – Apple and Google. One corporation has built their business model upon the mining of data, the funds generated through online advertising, and content management. The other has provided the consumer with the ability to limit the access of that reach.

The recent release of Apples’ iOS 9 and OS X operating systems include “content-blocking extensions” (AKA  “ad-blocking software”). If users can now effectively remove advertisements from the ‘free web’ who will pay the bills?

This clash of titans was eloquently described in a recent posting. I’ve posted an excerpt from it here:

“The central philosophical dispute over ad-blocking goes something like this: Publishers have no right to force readers to be exposed to certain kinds of ads or allow numerous third parties to collect their information without a prior agreement; readers have no right to read or view content that they don’t pay for in one form or another, be it with money or data. What is not in dispute is that if ad-blocking becomes ubiquitous (and there’s nearly every reason to think that it will be!) it will be devastating for publications who derive much or all of their revenue from advertising—which comprises most of the professional publications on the internet. When Murphy first posted about “an hour with Safari Content Blocker in iOS 9,” he asked, rhetorically, “Do I care more about my privacy, time, device battery life & data usage or do I care more about the content creators of sites I visit to be able to monetise effectively and ultimately keep creating content? Tough question. At the moment, I don’t know.” (With the impending release of Crystal, it seems he’s resolved that tension.) When I spoke with Chris Aljoudi, lead developer on uBlock, an extension that tells users how many third-party scripts are active on a webpage, and asked how sites should sustain themselves if all of their ads are blocked, he replied, “I’m not an expert on whether it’s a business model, I don’t think we need to know as developers of a tool like this.” Even if they don’t have solutions, “users need to be able to control what they are forced to come across,” Aljoudi said, using the example of nytimes.com, a website for which no known mandate of visitation exists.                                                                                                                                                                                                      – Casey Johnson writing for theawl.com

In order to provide “free access” to content, publishers rely upon heavily inserting code scripts that too often invade users space, take control of the window, or harvest an unknown amount about data about the user. Providers do this to pay the bills. A broader question for everyone is ‘how and when can equity be found for all parties at the table?’

At Colure, we are well aware of this consternation and provide a balanced approach to advertising:
The way we differ from our competitors is that we help our clients with a balanced advertising portfolio. Within this picture, display or PPC advertisements would only be a single component of the greater picture. We also recommend SEO, app store optimization, blogging, syndicated or sponsored blogging with influencers. Digital PR is critical; let us not forget our recommendations for social media with content management. At the end of the day, we move forward to find a proper, working balance between the needs of our clients and those of the public.

Communications with your client and their customer base is an ever evolving game of chess. If you would like to discuss your project needs, contact our project managers.

To many, video is the king of content.
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To many, video is the king of content.

Chris Trimble, writer for The Guardian asked, “If it were five years in the future, would you be reading this article or would you be watching it?” Good question. Today, video is being selected by users as the preferable format of content on social media. “In 2015, video is predicted to dominate as the social media content format of choice.” In August 2014, Facebook surpassed YouTube in the number of video views via desktop according to ComScore. It’s important to note that YouTube still has more views on mobile apps and across all devices. As of September 2014, Facebook attracted a billion video views per day, a roughly 30-fold increase since July.

Video content is critical to anyone building a business or brand, big or small. Video has the ability to entertain and inform in a short amount of time. Currently video usage, “more than half of companies are already making use of video”. According to a Neilsen Neilson study, not only will 70% of brand marketers increase their usage of social media, but 64% of individuals indicated that video content will dominate mobile advertising strategies in the future.

As the information overload continues to pile on, the use of video will continue to play a vital role in relaying more information in a short amount of time. On many platforms, video is already a necessary format of content. Today we have the likes of Youtube, SnapChat, and Vine. All of these platforms depend upon video to deliver their services to their customers.

Most individuals use the internet to interact, consume or create information. How we choose to use the tools available to us will be critical to our success as storytellers.