Blog : marketing

Elon Musk Completes the Transformation of Twitter Into X

Elon Musk Completes the Transformation of Twitter Into X

According to one recent study, Twitter had nearly 436 million monthly active users as of January 2023. The only thing more impressive than that is the fact that just one month prior, it only had 366 million – representing a staggering amount of growth in a short amount of time. Twitter, by its nature, has been disruptive since its inception.

But now, thanks to new owner Elon Musk, it is especially so. The tech billionaire has recently changed the name of one of the most popular social networking platforms on the globe to X – a move that is worth examining for a number of key reasons with big implications for the future. Twitter is Dead. Long Live “X” To quickly get caught up to speed, keep in mind that Musk only closed his deal to purchase Twitter on October 27, 2022. He quickly became the company’s CEO, at which point he also dissolved the existing

Twitter board of directors. To say that a lot has happened in that time is a bit of an understatement. He completely changed the way Twitter identity verification works, turning it into a paid subscription service. He laid off nearly 50% of the Twitter workforce. His tenure has been so controversial that it has been said it was the main reason why Mark Zuckerberg and Meta developed the new platform Threads, which has more than a passing resemblance to the way Twitter previously looked and functioned.

The company has also lost roughly 66% of its value during this period by most estimates. Now, the Twitter branding is no more. In addition to a new name and logo, Musk has changed language like “retweet” and removed other references to its past. In its place is “X”, which Musk has said he hopes will become a state of “unlimited interactivity” for people around the world. In other words, he wants it to be something far grander than Twitter was or could ever hope to be. Something he says is centered in “audio, video, messaging, payments, banking,” and more. Disruption is in the Eye of the Beholder If nothing else, Elon Musk’s transformation of social networking giant Twitter into X is nothing if not a lesson on the very nature of disruption.

Even though the word itself often has a negative connotation, the truth is that it is neither inherently good nor bad. The perception has less to do with the act itself and is more about the interpretation of those observing it. When Steve Jobs walked across a stage in 2007 and introduced the iPhone to the world, few could have predicted just how much disruption he would cause. That device changed the way we think about personal computing, standalone GPS units, digital cameras, wireless communication – you name it. But at the time, it was met with a lot of skepticism.

After all, mobile phones had existed for years prior to that. Why should anyone care about this one in particular? Another example would be a group of Reddit users employing the Robinhood app to disrupt the way we think about the Stock Market, possibly forever. They used a mobile app to suddenly shift the balance of power on Wall Street in a way that there may be no going back from. But at the time, it was met with derision and laughter. A bunch of “know-nothing kids” trading stocks and sharing information with each other on a message board? You’ve been able to trade stocks online for years. Why should anyone care about this specific instance? What both those examples have in common is that the disruption they brought with them was simultaneously a positive and a negative depending on your point of view.

They were disruptive not necessarily in ways people wanted or how they expected, but were ultimately what they needed at that moment in history. As the great Henry Ford once said “if I had asked people what they wanted, they would have said faster horses.” All this is to say that, while Elon Musk’s transformation of Twitter into X is certainly being met with criticism in real-time, will that perception stand the test of time? Will this, too, be something that people one day look back on and think “that’s where it all started” in the same way they do about the iPhone? Does Elon Musk have a grand plan in mind, one that will also give the people not what they want but what they need? Or will this all go down as one of the most clear-cut examples of a brand in decline in the history of not only social media, but of business in general?

A master class in having a brand transition go so poorly that you end up potentially getting charged by the San Francisco authorities as a result of it? Right now, nobody can say for sure. But one thing is certain: X has already managed to be disruptive and will likely remain so for the not-too-distant future.

The Ins and Outs of a Go-To Marketing Campaign

One of the most important things to understand about any disruptive marketing event is that they tend to happen when you least expect them.

Take the Robinhood app, for example. Few mobile app aficionados could have predicted the type of press it would get when a group of amateur Reddit investors used it to upend the stock market, but here we are. Obviously, when you construct your campaign, you want to make an impression. But what you really want to do is change the way people think about products and services like yours.

That level of disruption doesn’t come easy, but it is very much within reach. All you have to do when building your own go-to marketing campaign is keep a few key things in mind.

Building Better Marketing: An Overview

By far, the most important step to take when constructing your disruptive, go-to marketing campaign involves not only understanding who your audience is, but where they hang out online.

Forget about trying to craft a message that will appeal to everyone equally. Not only is it largely impossible (try getting a Baby Boomer and a Gen Xer to agree on just about anything and see how it goes), but it’s also pointless. It doesn’t make a lot of sense to spend money getting your digital marketing collateral in front of the eyes of people who aren’t likely to become one of your customers in the first place.

Therefore, you’ll need to go a fair bit deeper. Who are these people? Where do they live? How much money do they make? What do they like and what do they absolutely hate? You’ll want to answer questions like these before you sit down and even think about coming up with that next great ad.

Then, you’ll need to find out where the majority of these people spend their time online. If they’re older, they’re probably entrenched in the Facebook ecosystem. If they’re younger, they probably spend a lot of time scrolling through Twitter, Snapchat, or even TikTok. Understand which channels they use and take the message directly to them. Don’t assume that they’ll find you.

Part of the reason why it’s so important to understand as much as you can about your audience is because a successful digital marketing campaign depends on high quality, relevant content to thrive. People don’t want to be “sold to” any longer. They don’t have time for it. You can’t turn on your computer or pick up your phone without getting bombarded from every direction by ad after ad.

Because of that, people have gotten really good at tuning that kind of thing out – meaning that you’ll have to find a way to cut through the noise and make your presence known.

These days, that involves things like blog posts and videos that people actually want to read and watch. Make a list of relevant topics and start creating content around them. Is there a breaking news story in your industry that people keep getting wrong that you can shed some light on? Is there a common myth or misconception that you can shatter? These are the types of areas that you should be focusing on.

Beyond that, always make sure that you’re measuring the results of your campaigns for maximum impact. Digital marketing success is all about continuous improvement and you can’t improve upon that which you aren’t measuring. Pay attention to key performance indicators like conversion rates and engagement. Anything that you try that works really well, you should be doubling down on whenever you have the opportunity to do so. Anything that you try that doesn’t work you should kick to the curb and try something else.

In the end, every marketing campaign should be unique unto itself – but that obviously doesn’t mean that there isn’t a solid framework that you’ll be able to follow. By keeping things like these in mind when constructing your own marketing campaigns, you’ll be able to reach the right people at the perfect moment, increasing your chances of turning them from a casual observer to a loyal customer along the way. 

Keep your brand relevant

Keep your brand relevant

Manipulating a corporate brand to be a part of the news cycle and not the “background clutter” requires timing, social acuity, and the ability to read the pulse of the public. This is known as “agile marketing”. This marketing technique is the opposite of crafting a large project. This requires being aware of current events, trends, and having the ability to act on them swiftly to appeal to your audience and/or to the masses.

Six years ago, the infamous Oreo Cookie Dunk in the Dark tweet went viral, taking the 2013 Super Bowl Blackout headline. A single marketing team used that event to their brand’s advantage. Here, Oreo saw an opportunity to comment on trending news. Since then Kit Kat has taken the agile marketing spotlight with its tweet and trending hashtag #bendgate, which referenced the past iphone6 bending fiasco.

“In today’s fast-paced, multichannel world, marketers no longer have the luxury to spend months crafting large projects; they must innovate and produce on the fly and respond immediately to market disruptions.” – Forbes staff writer Jennifer Rooney

No matter if your company is large or small, relating your brand or service to noteworthy information can draw attention to your company. Agile marketing demands your business be able to adapt and to be flexible to the outside noise-makers.

Many of these agile marketing examples can be seen utilizing Twitter and Facebook to express their one-liners. However, agile marketing is still a fairly new marketing tool. In 2019, we are sure to see more brands use this technique. Recently, during the ESPY’s, a television advertisement by Airbnb grabbed viewers’ attention. Airbnb is known for its home sharing service decided to use the theme of “trans kind” in their advertisement during the awards show. This ad smartly aligned with the ESPY’s choice to award Caitlyn Jenner for her contribution to sports and her relationship with the transgendered community.

With company demands to be relevant, so are the needs of flexibility and speed. These needs make agile marketing a necessity today. Because of the “always-on and always-connected” individuals, agile marketing may one day become the norm.

Marketing is an interactive process that brings together the breadth of both the advertiser and the public. Being able to read the pulse of both parties is critical. Once more, being able to appreciate the space they both occupy marks the difference success and nothingness.

Bluetooth Low-Energy (BLE) Beacons Are Making Mobile Apps Smarter

Bluetooth Low-Energy (BLE) Beacons Are Making Mobile Apps Smarter

Advertisements today can be overwhelming to consumers. Especially in the last decade as advertising has come to focus on online consumerism, customers are constantly bombarded with popups for the latest and greatest products. The negative response to this shift in marketing has led to a need for innovative and unique technologies that avoid overwhelming consumers while still reaching an audience. Indoor location technologies, such as Bluetooth Low-Energy (BLE) Beacons, is one of these innovative designs.

What are BLE Beacons?

Bluetooth Beacons are wireless devices that draw attention to a specific location, within a finite space. A clear example of a beacon is a lighthouse: its light draws attention from offshore ships, letting the ships know their distance from the lighthouse and the shore. Bluetooth Beacons do the same thing in a virtual environment, allowing brick-and-mortar businesses to send out signals to mobile devices in the immediate area.

Bluetooth Low-Energy Beacons, also known as Bluetooth 4.0, are just as their name suggests. They do the same thing in practice while maintaining low energy consumption.

How do BLE Beacons work?

The wireless device draws attention to its location by periodically putting out a radio signal. This radio signal consists of a small packet of data, usually advertisements. A beacon at a sports store, for example, might periodically send signals for current deals on hiking boots. Compatible mobile devices within close proximity to the beacon (usually about 100 meters) would then receive those advertisements, triggering applications to prompt responses like push messages or actions.

Why use a BLE Beacon?

Bluetooth Beacons, in general, allow businesses to deliver highly contextualized and personalized advertisements to their customers. Unlike other indoor location technologies such as GPS and NFC, Beacons are hyper-localized and specified for indoor environments. This means that the customer isn’t going to get advertisements for every store in the mall, but they also don’t need to be standing directly next to a product to receive an advertisement.

BLE Beacons also cost 60-80% cheaper than classic Bluetooth Beacons (although classic Bluetooth is recommended for more complex applications). Their low-energy consumption allows them to last much longer than the classic Bluetooth Beacon. The BLE Beacon stays in sleep mode unless it is actively configuring a connection, so it can last up to 3 years on one coin-cell sized battery.

Who benefits from using BLE Beacons?

Both Classic Bluetooth and BLE Beacons can be beneficial to a company. Classic Bluetooth can handle larger amounts of data, but BLE Beacons are ideal for transmitting advertisements to applications that periodically use small amounts of data. This, in addition to their low-energy consumption and cheaper cost, means that small businesses may benefit from using a BLE model over classic Bluetooth location technology.

The value of in-store retail sales influenced by beacon technology increased by $40 million between 2015 and 2016. The benefit of being able to personalize advertisements to customers continues to appeal to businesses, and it’s expected that 4.5 million beacons will be active by 2018.

Protect your brand identity

Protect your brand identity

Your brand is the most important asset your corporation possesses. More than money, more than real estate, more than anything – if your consumers cannot identify, define, or respect you, you are dead in the water. Protecting that brand is critical to every interface your organization faces. A brand defines your values, creates an emotional bond between yourself and your customer, and it is the anchor upon which you stand every single moment.

A plethora of voices

Anyone can jump on social media to criticize your products and brand. They can write a blog posting that ranks higher in Google’s search results than you’d like. Control has left the hands of the marketer. The issue is multiplied in the service industry, where review sites like Yelp, TripAdvisor and Angie’s List – all designed to improve customer experience – can seriously threaten your brand’s credibility and identity.

The consumer has a direct voice to connect quality to value. Now branding efforts must address both macro and micromanagement strategies. Companies must be responsive to individual voices of dissatisfied consumers while focusing resources toward broader quality efforts and branding.

This is the price of doing business. Rightfully so, consumers can now put their mouth where their money is. The business community must do the same.

What can you do?

Successful companies leverage positive reviews into word-of-mouth advertising. This remains the single most effective type of advertising today.

If your company is being battered with negative reviews, what can you do? Here are a few ideas to start:

  • Find them. Use focused social media searches to discover what consumers are saying about your company. 
  • Respond diligently. Once you’ve found complaints, don’t just dismiss them. These reviews are actively read by consumers. Consumers are often more likely to embrace a review than an advertisement.  Respond to the feedback openly and solve the issue. Deal with it.
  • Improve. Don’t just make empty promises. Empty lip-service is the worst response you can provide to a complaint. If you have an issue, deal with it. If you get called on the carpet because of poor service – deal with it. If the customer is upset – deal with it. Don’t dismiss the complaint, resolve the issue. Even if it costs you a few dollars and a bit of time – solve the problem. At this point, damage from the mismanagement of a complaint only escalates.
  • Grow from your mistakes. Learn what the consumer wants. It’s that simple.
  • Take feedback. Make this an opportunity to improve your brand – your customers will thank you for it.

Contact Colure’s marketing team. Discover the art of crisis management. Learn from a team that can help you properly manage your corporate image.

Colure Media is New York based branding advertising and Social Media marketing agency. We offers comprehensive strategies and solutions to help businesses create impactful campaigns, increase brand visibility, and drive targeted online traffic. If you are interested for improve your brand awareness, Contact us now.

The power of multimedia convergence

The power of multimedia convergence

The diversity of mobile devices has increased the way information is spread across society. No longer do individuals rely on only a single device as their data source. The increasing volume of mobile devices used by any one person allows individuals to constantly want to check the latest trends, follow the latest celebrity, or look at the latest technology across all their devices. The melding of media is starting to be practiced by many.

“Simply put, media convergence is bringing together different media platforms to support one single campaign or promote a product.” – Gerhard Jacobs writing for Target Marketing

What is the power of multimedia convergence?

A vast majority of consumers are cross-device users regardless of age demographic and mobile device usage is on the rise,” according to Millennial Media. Because information is at our fingertips and individuals have to have the latest technology trends in their hands, there is no secret that multiple device users exist. In addition, individuals are more likely to choose a mobile device over a desktop to search the internet or just for enjoyment.

Millennials (Gen Ys) have definitely changed the way individuals view information on the internet. These individuals are at the forefront of the way information is received and will definitely continue to pave the way marketing and advertising companies deliver their product or service to the general public.

Great power lies in combined media sources; it allows for different mediums to display and send the same message. Because of this overlap, individuals are prone to look at multiple devices throughout the day. The question becomes “Why not streamline those messages to show similar images and branding pieces?” From the public’s standpoint, the increased convenience of information provided by converged stories makes using the media a better experience.”

Why is this such a powerful tool for marketers?

Being engaging with the audience is something that every marketer needs to keep in mind when creating content. The audience wants to know the latest, up-to-date information about their favorite product or brand. By displaying the same message across different platforms at different times during the day/week will help reach different audiences at different times in different ways.

Industry revenue resources will drive the deliverance of the messaging and will help marketers to gauge how to reach different audiences on different platforms. Of course, the difficulty will come trying to figure out rotation of advertisements and trying to figure out the best times to display those advertisements.

So marketers are faced with a multifaceted chess game – how, where, and when do place your content in a dynamic marketplace? How do you reap the greatest ROI with constantly revolving players?

Social media provides an opportunity to express your thoughts

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.

Advantages of mobile applications for small businesses

Advantages of mobile applications for small businesses

A smartly developed mobile application can help level the playing field between companies of any size. The key to success lies in the quality of the user experience (UX). If a customer has a meaningful interaction, there is a better than average chance they will return to your company’s application

Here are 5 key advantages of a mobile application for any small business:
  • Access to the customer at all times – Possibly the greatest advantage is being able to interact with your customers in a truly meaningful way. The mobile app allows the consumer to decide when they are primed for your specific service or product. The user decides when and to which extent they are willing to interact with you.
  • Marketing – Develop a meaningful relationship with the customer. A quality user experience (UX) will allow you to provide an interactive relationship that cannot be developed through other media. Take this opportunity to market not only your product but more your industry to your customer. By providing additional information and resources, the customer will probably engage your application for a longer period of time. More attention directed toward your application can often equal more revenue generated by that customer base. Think of this as a digital version of the free classes provided by home improvement stores. They’ll hire an expert to teach a free class on tiling or plumbing. When class is over, all of the students start grabbing tools and supplies off the shelves. It provides a great ROI.
  • Direct customer feedback – the amount of real-time data gathered by your app has a value that extends far beyond simple transactions. It reaches the very mindset of the consumer. You are able to decipher the specific wants and needs of the user.
  • Craft your product to interact with a specific audience – Most media sources provide a one-sided relationship. Mobile applications allow you can craft an interactive product that targets a finite audience, with a specific interface. No other format allows for such an engaging experience. Creating a truly rewarding user experience must be “Goal #1”.
  • Brand Identity – Crafting your brand requires a labor of love. It takes time and commitment to craft a brand with whom the consumer truly identifies. Your brand includes a living, breathing relationship with your customer. Be sure to respect your customer as you would any relationship. By providing truly remarkable user experiences, your audience will return time and again to your app.

Separating yourself from the competition takes a quality product, planning, and skill. The interactive relationship you develop with your customers will help determine your future growth. Don’t leave that development to chance. Never take your relationship with your customers for granted. The greatest downfall of many companies is to negate their customers’ true wants and needs, in favor of their own vision of the same. Being blinded by your own biases can be a very costly mistake.

Success is built upon many well-measured steps. When you are ready to take your first steps in the development process, contact Colure’s Project Managers to explore your vision of success.

Successful Content Marketing Campaigns

Content marketing is the technique for creating and sharing free content to provide the consumer with an additional level of product interaction. It is meant to attract new customers and to encourage current customers into developing a loyal, repeat business. But, it should be more than a portion of a company or product. It should be used as a tool to engage your audience.

Four successful content marketing campaigns:

  • Birchbox – a monthly subscription service that provides an array of carefully selected beauty samples to customers. They use content marketing to enhance the online shopping experience for their customers. Birchbox features articles about personal grooming, fitness, and popular beauty products to engage its customers. This has been the key to Birchbox’s success, allowing Birchbox to create an interactive experience for customers as if they were in a store.
  • Red Bull – the energy drink maker uses its content marketing to blend in with the community that enjoys its products. Red Bull specifically chooses to be associated with extreme sports through their advertising. They provide featured videos, films and photos of extreme sports and stunts to associate high energy with the essence of its community.
  • MasterCard – the financial institution uses their content marketing to create a hassle-free, convenient way for costumers to enjoy MasterCard’s features. On the MasterCard website, MasterCard offers features such as a saving calculator and debt FAQs to assist customers with their finances. To minimize inconvenience for it’s customers, helpful videos and ATM locators are located in its “Priceless Pointers” section on its website.
  • Kraft – the international food conglomerate, mastered the use of content long before it was a popular marketing technique. Kraft’s website features recipes, tips, ideas, and videos to assist customers with their products. They understand the power of connecting with their customers. Kraft has created a forum where customers can go beyond simply sharing their recipes. Customers experience those products on a most basic human level – while breaking bread. Kraft expanded its brand from simply selling their products to forming an online community that has become ingrained in the lives of its consumers.

A company’s content marketing has to be relevant to the company’s mission, products, and services. It should allow customers to consistently learn and engage with a brand. As content marketing continues to grow, it proves to be more of a long-lasting relationship than a trend. Content marketing will continue to be a necessity for companies to grow and actively engage their customers.

Contact Colure’s team to discuss marketing strategies for your business. See how a focused approach on your project can dramatically modify your performance in the marketplace.

Harvard Business Event

Today Colure was invited to attend the Harvard Business event and special guest was Movado’s CEO Efraim Grinberg. He said something that I had to share!  “There are always alternatives to time and watches. But we work with iconic brands. You can close your eyes and you can see our watches, it’s design.”

 

Movado 3Movado 4

Advertising Rule of Thumb

Advertising Rule of Thumb “Advertising expenditures account for $5.8 trillion in economic output in the U.S. or 20 percent of the $29.6 trillion in total economic output in the nation. Advertising driven sales of products and services help support 19,753,994 jobs, or 15%, of the 133.4 million jobs in the United States.  Every dollar spent on advertising generates just under $20 of economic output, and every million dollars of ad spending supports 69 American jobs.”

(Source: IHS Global Insight found that in 2010)