My Austrade presentation as part of the Local Revival. Global Reach series.
The US-based Austrade team is bringing US new media experts to Australia to guide you through what’s happening in this exciting market and present current business opportunities
Hear about US business opportunities available to Australian companies in creative industries
Understand the impact of media, technology and entertainment convergence
Learn how you can impact the digital media sector to drive profits, and succeed and sell your services into this market
Understand the various trends in social media including mobile and branded entertainment
Hear from case study speakers on distribution platforms, easurement
and how to run an efficient company with online tools
Network with others who are currently operating in or who are considering joining the market.
2. My goal:
To give you the tools and help you
understand how to sell your products or
services to US companies in the shortest
amount of time and with the least amount
of money
3. My biggest lessons
• Look at a problem through the lens of consumers. Your USP should be
different for each audience.
• Begin with the audience and strategy first.
• If things are going poorly, customers will call BS quicker than you can
fix it.
• Brands are lazy and don’t like sifting through lots of ideas.
• Act with integrity no matter what.
• Worry about making something useful, not how disruptive you can be.
• Sometimes you just need to do the work to prove your value.
• Invest in relationships, not deals.
7. Social media explosion
The Social Web
• Social Media has overtaken pornography as the number one online activity
• Over 1 Billion people use social networking tools
• It’s the fastest growing activity on the internet
• It’s the fastest growing form of corporate marketing
A New Profit Center
• 66% of marketers utilized social media in 2009
• 55% of marketers shifted funds from their traditional marketing budget
• $3.1 billion marketing spend by 2014
8. Mobile growth
• Apps sold: over 58 million app store users spend an average of $4.37 on
apps every month in the $1.5 billion per year Apple app market place (paid
& free ad-based app revenue).
• Mobile adoption: Mobile US internet adoption outpaces desktop adoption by
10 quarters with 51% of phones expected to be smart phones by Q3 in 2011.
• Mobile ad spend: over $1 billion in 2012 .
• Master impact: 63% of brands plan to create a mobile application in the
next 12 months.
9. Branded entertainment expands
• Spending on branded entertainment grew by 5 percent in the U.S. in 2009 to
reach a total of $26 billion. It is expected to grow another 8 percent to $28
billion in 2010.
• In 2010 some 62 percent of marketers are shifting funds for branded.
entertainment away from traditional TV budgets, up from 52 percent last year.
• Consumer video camcorders (and digital cameras supporting video capture
capability) which range in price from $150 - $2,000.
• Return on engagement is greater than return on insertion.
• The internet offers near endless distribution opportunities.
10. Network Network Ad
Production Sales
Brand
Creative
Production
Creative
Mobile
Platform
Online
Distributor Social
/Exhibitor
Network
New
Content
Creators
Technology
Company
Interacti
Talent Mobile ve
Agency
Agency
Agency
Production
Agency
Company
Social
Design
Media
Agency
Agency
13. Create a personal brand
Strategy & Tactics
• Build a personal brand with over 1 million followers
• Legally changed his name to Chad Ocho Cinco in order to circumvent NFL’s policy.
• Ustream channel with 9,000 follower
• a Motorola-sponsored Facebook fan page with over 20,000 followers,
• And his own iphone app
• A reality TV dating show on VH1 (Ocho Cinco for 86 dates)
14. Create a show for a brand
Strategy & Tactics
• Revitalize Altoids edgy “cool” brand
• Successfully integrate brand message into scripted content without sacrificing
entertainment value
• Build momentum using Facebook and Twitter
• Launch marketing campaign utilizing Daily Motion for an exclusive launch
15. Create a transmedia series
Strategy & Tactics
• Create a digi-novel in which each book will be supplemented with 20 videos, or "cyber-
bridges," featuring actors playing characters from the novelMade it available for $13 on
iTunes
• Allowed the community of roughly 30,000 Level 26 fans to impact future storylines for
the projected three-book trilogy
16. Take a virtual roadtrip
Strategy & Tactics
• Google Maps Road Trip was the first live-streaming broadcast cross-country road trip:
using only Google Maps, the pair drove from Los Angeles to Richmond, VA
• Ongoing chat room, allowing people to join the roadtrip as passengers
17. Expand to ancillary channels
Strategy & Tactics
• Find an alternative outlet that allowed for my personal engagement with fans
• More than 50 million downloads in its first year — and was named iTunes’s best audio
podcast of 2009. Carolla now has 2.8 million listeners a month
• eMarketer predict that U.S. podcast listenership will approach 38 million by 2013, more
than double 2008’s audience
18. Start a blog
Strategy & Tactics
• Young Black and Fabulous simply because I was just another young black woman
addicted to celebrities, gossip, and how they lived the fabulous life
• One blogger and several contributors= 250k monthly uniques
19. Create a contest
Strategy & Tactics
• Murphy-Goode was looking for a “Lifestyle Correspondent” to live on site at the
Murphy Goode winery for 6 months, learning all about wine, wine making, wine tasting
and surrounding Sonoma wine country
• Over 2,000 qualified applicants and 100,000 fans
• BUT, ex-TechTV and Revision3 host Martin Sargent was the clear winner. His
submission received 6,600 votes, more than 3 times as many as the second place video,
and more votes than the next 4 or 5 candidates combined
20. Build an app to revive sales
Strategy & Tactics
• Option for customers wanting to order their pizza, pasta and wings from Pizza Hut
while on the go
• After being live in the App Store for three months, the Pizza Hut application for Apple’s
iPhone and iPod touch has surpassed $1 million in sales
21. So what does this all mean and how can
you capitalize on the opportunities?
22. Communities drive brands, conversations drive traffic
• Social capital (size of community+ volume of conversations) = money
• Average media value of a Facebook fan at $3.60
• The most influential twitter, Kim Kardashian, is paid $10,000 Per Tweet
Position yourself to capitalize on opportunities
• You MUST become a social brand- selling directly to your audiences and
building your services/brands into their conversations
• Content owners, media distributors and agencies need to build a new set
of capabilities now: cross-platform innovation, greater insights, open
collaboration and digital processes
24. And what does this all mean for
finding opportunities in the US?
25. What you need to know to sell your services
• You have two choices: Be everything to everyone or be something to
someone
• Look at advertising agencies as general contractors
• Tell your story: Start with market research and focus on a key insight on
why you matter
• Focus less on media and more on conversations with fans
• Simple modest goals are most likely to succeed
26. Where to focus your efforts
• DO NOT spend money on sales and biz dev employees (before you really
need them)
• DO find partners to upsell your products and collaborate on pitches
• DO NOT spend time on a fancy sales presentation or flattering egos
• DO spend time offering your service or product at a discounted rate to
create case studies for your company