Media and advertising have had a very intertwined life, unless of course the publication/channel has been on solely a subscription based model. I think the magic of Facebook (and Google, before it) and those that followed is that they have democratised advertising by not just making it something any small business could spend on according to their means, but also giving them the ability to advertise according to contexts – intent, interest, social etc.  Though Google, Facebook etc are still intermediaries, they never flashed their powers, though the latter has begun to, recently. As brands move away from a one-size-fits-all mode of advertising, these platforms give them more options of form and function, and changing the face of advertising. (Google’s exploits are known, here’s a pertinent read on Facebook)

In such a scenario, what really does a traditional media channel have to offer to its consumers and clients? I’m not saying that they’re all going bankrupt next Sunday, but it’s clear which way the wind is blowing. One way, of course, is to use their brand value, and replicate (and grow) their audience on devices and platforms which better serve advertising interests. They can hone their value offerings by offering various contexts and their combinations – local, social, interests, and so on, and build business models for each. The early movers are already making big deals. But that is the red ocean that everyone is fighting for. How really can a player differentiate?

I had a vague thought. Media’s original strength was its relationship with users and the trust involved. In the social media era, how can that be leveraged? Flipboard has already allowed users to become curators and create their own magazines. Is that the future, along with shared revenue on advertising? What if users can also curate the advertising their ‘subscribers’ can see? After all advertising is also news/information and has a certain value depending on the source. Traditionally, media  has been the middle man between advertisers and users, but what happens when everyone is media? Can media start aggregating influencers in every domain, including niches, provide them the material for curation, negotiate on their behalf to relevant advertisers, and share the revenue? Perhaps the next  disruption will be the platform that can handle the complexities involved. What do you think?

until next time, mediator

It’s not really an original thought, since I’ve seen at least one fashion brand use hashtags on  Instagram and Twitter to generate photos, but that doesn’t really take away anything, since the execution is extremely good.

I wrote about the reemergence of branded content last week. One way is to create your own content, the scalability of which is debatable, unless that is one of the organisation’s core competency and priority. The other way is curation. Like I have mentioned on the blog before, curation is a great way for brands to engage with content producers and at the same time, provide  great content to those who consume it. It’s not really creation vs curation, but more of their respective share in the strategy.

On the execution front, crowdsourcing works best if you make it as easy as possible for the for the content producer. In Zomato’s case, adding a #zomato to the food snaps I load on Instagram is hardly a task. The simpler the task is, and the more it is an add-on behaviour than a new one, the lesser the need for incentive. The cooler it is, the more people would want to be a part of it. It distributes itself.

In a traditional media dominated era, more money was spent on distribution than creation. Now content is marketing and with owned platforms, and earned and ‘sponsored’ media on social platforms, the costs of distribution have fallen. There’s a lot being written about content strategy for brands from a creation perspective, but the costs of distribution fall even further in curation because content creators would want to show off their work. The hope is that brands will spend at least a part of the money they’re saving, into creating platforms, processes, tools etc that make it easy for the user to create and share ‘branded’ content.

until next time, co-curation is for later

I thought the choice was platform was in itself a great step. Tumblr, for now, seems completely clued in on how networks, sharing and community work and as MTV notes, is focused on web culture, which can be seen in the way they have designed the service. It also explains why there's nothing new about everyone from media companies to fashion brands hopping on to it.

Brands as storytellers is also nothing new though new and interesting stories are hard to come by. That's where a crowd can help. Mostly, when brands say they've tried crowdsourcing, it means asking for a caption or a photo or a video that has something to do with their current campaign. There are exceptions like IdeaStorm, Dewmocracy, My Starbuc

ks Idea etc but that's a small list in the large set of attempts.

What I liked about MTV's approach was that it is not asking for anything specific. It is establishing a culture of conversation around its domain and with its trademark edgy approach (F*ck yeah!) – internally and externally, making it comfortable for a community to develop. Once that happens generating interesting stories (content) will slowly stop being a constraint. Brands can then chose to play curator, aiding discovery, surfacing interesting ideas, starting a line of thought, and streamlining conversations. And when it feels there's sufficient excitement, scale these up to a larger audience via other distribution channels. Right now, the reverse is how it works – a “come one, come all and quickly contribute to our newly launched endeavour” shout out on traditional media, instead of an organic approach.

On a different track, this doesn't mean that if the crowd generates everything the agencies will be defunct. On the contrary, and in addition to the implementation, the agencies are probably best suited to play the role of meta curators, moving beyond one way advertising platforms and processes, and using their understanding of the brand to explore new platforms and communication protocols being developed, so that they can advise the brand on every frontier that comes up.

until next time, tumble along

Update: Just read that Tumblr hosts more blogs than WordPress now. (via)