Beruflich Dokumente
Kultur Dokumente
Social media what u share on social media, u share with the fir itself.
The illusion of choice
o Often can turn off cookies, but then companies will bar you from access from the website,
or a lot from it
Transparency and tradoffs
Transapceney what are they gathering
Tradeoffs
What company is giving in return for consuemrs.
How to enfoce privacy
o Govrnment has the privacy act 1988, which is a series of laws and regulations which seek
to protect individual consumer privacy on what gccan be gathered, for how long adnw ith
whose permission.
o However, Gov itself seems to be enfroaching into consumer privacy as it attempts to pass
through controversial meta data laws, which went thorugh lowerhouse in mach 2015, and
if it goes through senate, it will be enacted.
Essentially an electornic x-ray that forces telecos to gather data and consumer
information, of which government can access anytime \\brave new world
technology presents a new problem, laws are st
ruggling to catch up and
regulate this every dynamic- chaing landscape of data retention and privacy
Governmetn enforced the 1988 privacy act which stries to polie the wa
that data is agtehred and retained, however, this is heavily criticised as
being old, and needs statutory reform.
Add insult ton nury for onsuemrs, governmetnw ant to pass controversial metadata laws pass
through lower house in march 2015 pass through senate?
o If it does, gov has power to force telecommunication companies (virgin, tpg, iinet) to
store data for up t o 5-10 years concerning consumer emails, web browsing history,
messages, intrnet ysage, data, indentity, who they talkd to and can execute warrants to see
at any time.
Benefits AFP can protect citizens, particular y with threat of ISIS>
o Critiisms
Expensive, pass price onto consuemrs to hold it $4 for consuemrs a year per
person to retain data
Invasion of privacy, who is policignt his? Pbjectivity
Laible to hacks.
Marketrs addressing privacy concerns
o Recommend transparency
Make it clear what data is being collected, for what purpose and privacy plicies,
giving suers toption to read it.
o Tradeoffs.
Justify coleciton of data by markes showing what benefits they provide
Retargeting, better ads, coupons, more relevant, better searches. Actually
sell it for money, gie them a shre
o This giving of control to ocnsuemrs = trust
Becomes CSR + USP in its own right.
What can consuemrs o themselves?
o Cookies
Turn off browser cookeis, delete browser history exercise good browser
hygine, scan computers for viruses.
o Incognito mode
o Social media
Be weary of what you post, dont use social media at all.
Movile devices
o Turn of data, lociton trackigndevices.
Digital Proeprty trademarks, patents, copyright lciense
o Digital property must be protecte by governments
o Intangible and tangible property must be protected bygovenrments to ensure healthy
copetition and fairness in busiensworld.
Patents
Patents act 1990 (Cth) serves to protect the methods and processes
that busiensses/cmpaneis evelop.
o Inventive proceses or steps
E.g. Amazon patented 1-click check out technology vs. barnsandnobles
settles outside.
However, patent trolls, ppl who just use patents and apply for them and
the nhold companies at ransom
Copyright
Protection of a companies or persons
Protect a companies expressions of ideas in formats such as books, music
etc
o Protects a companies expressions of ideas
o Protecs a companies expressions of diea sin difernt formats
o Copyright protects companies expression of ideas in different
formats.
i.e. in music, books, movies, videos copyright protects their expression
of ideas
o Copyright act 1968 (Cth)
Fair use
First limited ideas.
o Breaches
Kim.com
Megaupload
Limewire
Napster
Piratebay
Torrenting
Creaches of copyright a companies expression of ideasin different
formats
o Trademarket
Protects a source identifiers
Protects source identigfiers for g/s
Protects source idnetifiers for g/s
Trademark soruce identifiers
o E.g. logos, slogans
Mcdonald logo golden arches
Licenses
o Irhgt for companies to allow other companies to pay to produce
or use ideas.
o Contractual agreement b/w consumers and vnndors to buy and
usep[roduce product
o Contractual agreement buy/produce product.
Windows 8 licensed to uni.
Big Data
o What is Big Data
Big data is a collection of data from traditional and digital sources, both inside
and outside the company which provides an ongoing source of discovery and
analysis. Big data incompasses the challenges, cpaaciitlies and comeptencies
associated with sotring and analsing such large data sets to support a level of
deision making that is more timely and accurate.
o How is data collected
Can be collected from online and offline sources.
Fom primary, secondary and internal sources
o Internal fims own data. Statistics, sales forecasts and
transactions, website, customer interactions.
Secondary sources
o ABS
o CIA factbook
o Free, acesible, but not very targeted data, good for general topics
Primary actually com[any funded research hwith a hypothesis and
looking at things.
o Client-side data collecitons
Cookies
o Servder-side data collection.
How is the data stored and danalsyed
o Data is sotored in DMP data management paltofrms.
Pit in perspective, data is the currency, DMP is the bank.
Data warehouse wher data is stored, collated and organised in such a way that it
can be analysed for correlations, trends and meaning which can aid marketers in
their strategy, tored standardised and optimised.
Technology centred solution for agggating integrating, managing and
deploying disparate sources of info.
Finds colleritons usefel for marketers.
o SPecifc DMP tactics include
Data mining
Siftng through data looking for meaningful trends. Hidden predictive ino,
patterns in consumer behaviour
Statistical analysis
RFM
Recendy of customer purcase
Frequency of the ransaction
Monetary value how much did the consumer buy?
o RFM is used
Individual marketrs personnel an perform data mining, customer
profiling and RFM anlysis through acces in data warheouses/DMPs to
isitrubte results to other staff inbobedin aprituclar deicison.
o Cross-channel attribution
Atrbituion provides clear indight into how, when and wehre markeer infleucnes
customers across devices and chaneels
Corss chaneel attribtion measuredent of onine and offlie cjams
Cross-platform asignign credit to a parituclar marketing driven
interaction other brand touch pojnt.
How can big data help?
Improve integration
Boost performance
Provide competitive advantage
Alow for better targeting
More precise
Retargeting
Understand oncsumer behaviour
Targeted ads, specific for the consumer and consumer media channel they best
engge with
Keeping most valuable customers
Only target most valuable customers.
Reduce comm costs.
Amazon stands asa testaemtnt othe use of big data to achieve marketing objtives
o Amazon agtehrd big data and sues it in conjunction with the strategies ofRetargeting and
Consuemr relitonship mamangement.
o How doe amazon collect data?
Uses cookies, plants cookies in a consuemrs computer, which ten gatehrs
exborant amounts o data relating to a conumsers/ browsing history, website
history, brwsing behaviour, name, age, demographic, economic power, loction,
website interacitons.
Analyses this exorbitant amount of data so that then net time cosnuemrs comes
on, ready to bombard
o What marketing objectives?
Whether a customer chooses t buy a product on Amazon or not, company
Amazons strategy is smart and innovative, website deisnged as a sophisticated
online communication tol that automates the process o creating value for the
custome by recognising their interest.
CRM strategy that manages the amazon uses tech to interact with their
consuemrs in a personal way. Way amaon uses tech to gather data on
consuemrs in oder to manage their ongoing interacitons with htem.
o Whether a customer chooses to uy a product or not, amazons knowledge abou the
customer grows and in turn, so does their ability to provided relevant, targeted ads at the
consumer (cosnsiting of personalised emails, social media psots, txt messages, or display
advertising, pop-up ads) that relate back to the product they were searching. This
increaees consumers brand awareness and purchase ivolement --. Which in turn leads to
higher converstion ratex greate rprobaibliy o purchase and total si eof consumers
checkout cart.
Tailor-made ads
Retargeting empoywer amazon with aibltiy an fleixibltiy to crate tailormade ads
o Cross-sell
o Up-sell
Big Dtaa is a double edged sword just as it can provide a compaynwith invalaubel dat, so too is
it fraught with difficult y and issues.
o Privacy
o Daa overload
o Expensive
o Soruce reaibiltiy.
o Privacy
In order to get ata, some element of breach of privacy
Is it too persona?
o
o
o
o
Companies shoul
(i) strive to create innovative, relevant, updated and interesting owned content
(ii) they should then use paid media to target such owned content to relevant taget
markets.
(iii) and this in turn will drive consumer engagement to such content whi hteh
ywill then go on to spread through the earned media channel
Earns customer su[pt,s leads to creation of earned media as consuers
become brand adovcates
o Earned
Sharing, mentions, reposts, reviews
o Owned
Website, mobile, blog
Owned Media
o Carry communication messages from the organisaiton to internet users on channels that or
owned, or at least partly controlled y the company.
o Carry communication essages from the organisation to consumer son the internet through
owned/paryyle controlled channels.
o Primary goals
Engage onsuemrs with relevant content.
Generate brand awareness by exposing company as much as possible o consumer.
Facilitate CRM + IMC
Inform, entertin ,engage.
o Websites,
o Forums
o Support
o Text messages
o Emails
o Podcasts
o Videos
o Blogs
Brands are able to leverage on infleuntia bloggers both normal consuemrs,
company owned or company sponsored.
Proide a stream of dialogue to consuemrs that can infleucne consumer decision
making process and purchase decisions.
Allow for wom more important,lye WOM>
Consuemrs tend to view blogs as trustworthy,
Through infleuncers ability to connect with a targeted groupm see these
idnivdiauls as authority igurees infleucne consuemrs purchasing attitudes and
behavioural intention.
o Email Rekevant, as =onkine comm tools, fre
Adv, customisable, can be tailored to eah indivudal ,can put info, qr code,
promotions etc.
Cross and up sell
Disadv
Consumer info onverload,
S[am filters. Junk
Performance metrics
o Click-through
o Downloads, views number read and forwarded.
Owned Media
o
Channel that companies own or at least partyly control and use to distribute company
content.
o Owned media carry communication messages from the organisation to internet users on
channels that are owned, or at least, partially controlled by the company.
o Owned media, a channel that carries communications from the organisation to internet
users that are woend by company
o Owned media carryies company messages from organisaiton to consumes on internet
through owned/partyl owned by company
Paid media
o Communication channels that company users, but has to pay for.
o Properties/processes owned by ithrs who are paid by irganisation to carry its promotional
methods.
Company control the content, distributed on paid emdia channels, to allow it to
best reach consumes.
o Examples
Search engine marketing
SEO
SEA
Display advertising
Online offline --. Digital advertising increasing.
Used to distribute owned content.
o In banner ad, popup pop under
o Floating ad
o Wallpap ad
o Interactive ad
Contextual adversing
Sponsored advertising
Sponsor bloggers, paid bloggers, cleebriy endorsements
Social media advertising
Facebook
o Paid Fb ads
Twitter ads
Youtube.
o Dispaky advertisng, videos and pop ups
Disadvanategs
o Least trustworht
o Owmed media communication channels that are sued by companies to distribute
content to consuemrs on the internet that are owned or at elast partly owned.
Paid marketing
o Onine properties that are paid y companies do distribute and advertiing content to
consuemrs
IMC of Owned Media + Paid Media Search engine Marketing
o SEA, SEO
o SEM Paid and Owned Marketing IMC
o SEM = Complex art and science of driving consuemrs towards a companies webstie.
However, in order to achieve this, there are two tehniques indoing so.
SEO optimising a website so that it appears near the tiop if maximising number
of users driven to a websiteng.
Oragnic search
Optimising a wesbtie site so it is positioned near top
o Keeping fresh content
o
Boy band
Marco pierre white
Display advertising, tv
Earned media
Locals posted videos, social media went virl
Media
Newspaper
BBC lapped itup
Free pubciity 7.2 million pounds wrth
Reportsted, rptoerted etc.
Success
o Podcasts, walkes mobileapp over 2 million downloads, wesbtie traffix increased
o Increase sales 150% improved shelfing
Nordstomg
o Innovaive integration of Punterest + traditional bricsk and mortar advertising. IMC
Piniterest social media website allows users to pin their favourit items onto
onie virtual boards, pin food, pictures viedos, recipe, articles.
58.2m unique cisitors.
Nordstrom 4.4 illion users.
NOrdstorm engages in Rever-se-show rooming.
o Consuemrs look online then buy in store.
o Reverse it through integriton of earned and owned media
Stage-one owned media allow users to pin their favourite Nordstorm
catalogue items generate user-generated content.
Generated dialogue, pinned, repined and shared pins on favourites.
Pin on 69 of Nordstroms board.
The top pinned items were selected and gathered data data management saw
the top-pined items
Gathered info and stocked it in store
21% of pinterest users bought same item as they went in tore.
o Stage 2 owned media
Once initiates, reverse showrooming, social media earned media --. Drove
them into owned media channels i.e. the tore itself wehre theyaere treated to the
quiteseential nordstorm retail experience tuxedo waiter, music, champagne
exclusive promotions.
Results combination of earned pinterest social Media + traditional media/owned media in form
of retalign store multi channel shopping expeince online and offlinece, its no about bricks OR
click about bricks and blicks.
o Incressaed sales.
o 21%conversion rate.
Marketing mobile
o Prolgideraiton of smartphones and rise of internet has seen an exponential increae on
mobile advertising spending ove the past few years companie predict mobileinternet
usage will surpass coputer usage by 204.
Spent $2.61bn in 2012 alone
Fabebook
Padi display adv advetsingmobile video advertising
Messaging
Location base dads
Video, voice apps
Privacy
o Ethical nad legal issues
o What is privacy?
It is about control, who gets control.
o Marketers and privacy, how do marketers collect data?
Cookies
Ubiquotous applications.
Retargeting, Amazon and issues with privacy
o Look at privacy policy does not onsell to 3rd parties, but in reality
this can be changed at nay time
Got hammered for doing so,
o Ireeperable damage financial and non-monetry. Cookies and
privay issues.
Social media
What u give to social media
Illusion of choice, can u really turn of cookies?
o Government
Is responsible
1988 privacy act, but is old and needs updayin.
Outdated and unwidly an old.
Eeks to protect data, how it is stored and how it can be used
o Government accused of breaching laws itself.
Metadata laws uh march 2015, pass through senate
Giant online x-ray that identifies when, where and how and to whom we
communicate over phones and internet
o Active content surveillance
Telcos must wtore metadata for a least 4 years, can be shearched through
o Conversaitons, who with, how long
o Emails
o Data
o Website browsing history.
o Criticism
Breach of privacy
Expensive
Who gets access to such information/ is it related only to terrorism?
o Positive AFP us to proetect us
Metadata laws pale in comparison to what china is doing
How can mrketers improve
o Al about transparency and tradeoofs
Be clear on what u collect and how u do it, ask permission and always have
pricvacy policies available and accessible.
Tradoffs justify whsy u should breach privacy to gain dta to better hekp
customers
If sell, maybedivvy pofits.
Sel-rgultion.
Censorship in China
That being said, Big Data does not just refer to the data itself, but it also emcompasses the
challengs, cpaabilities and competencies associated with sotring and analysing such large
data setsm to support a level of decision making that imore accurate and timely.
Sources of Data and How it is collected
o Internal Sources
Reports, sales data, website data
o Secondary sources
Data collected by other government agencies and companies which are freely and
wiely avialble, ABS
o Primary sources
Own research conducted by firm.
o Client side data collection
Cookies
Collect info through consemr click behaviour
o Server side dat collection
When a website uses its own software to gather info on a consumer
Tracks what they do on the site.
How is it analysed
o Data Management Platform
A DMP is essentially a data warehouse where data is gatherd, stored, categorised
and optimised.
A DMP is essentially a piece of software/data warehouse hat gatehrs,
amalgamates and optimises data. It then analyses,sifts through it to find
meaningful correlation and tried to find meaning out of this unstructured data.
Meaning thatcan be sue to inform marketing decision.
Essentially, big data is the urrency and DMP is the bank.
Piece of software that gathers, houses and sorts out information. It then
o Techniques of analysing data
Data minig find hidden predictive information in large databases through
statistical analysis
Data mining use of statistical analysis to ifnd hidden predictive informaiton
RFM analysis
Recency
Frequency
Monetary value
o Cross-channel attribution measurmen
Attribution Clear and accurate insight into how, when and wher marketing infleunces customers
across devices and channels
o Clear and accurate insighs into how, when andw ehre marketing infleunces customers
across devices and chnnels
How can big data help
o Boost sales
o Improve integriton
o Competitive adv over firms
Found out weaknesses and eploit
o Target better
Discovering best ways to engage customers in social media
Keeping most valuable customers
Cross-selling activities
Reduce communicating costs by targeting high-response customers..
o Target better
o
o N = All easy, tigger happy assumption ,dangerous, twitter, not indicative of the whole po[.
Big data has arrive, but not big insights.
IMC
o (1) Created owned media, relevant, knoweldgable entertaining
o (2) use paid emdia to promote to relevant targetmarket
o (3) gain consumer trust and interest, they will forward it through htheir own earned
media channels
Consumers voice is the channel.
Each media category in itself, whether it be owned, earned or paid, constitutes an effective tool
for marketers to reach their consumers. In saying this, marketers have fallen for the trap of
looking at them as individual entities and only focusing on one of them at once. It is
recommended that marketers view of the holistically and put them under on unified, strategy,
under the umbrella of Intgrated marketing communciations. Whereby there is a blend of owned,
paid, media and traditional and digital marketing methods whereby each media category serves to
reinforce the other and create syndergies.
Intentional blending of traditional and online marketing tools and tacis aroud a single, unified
marketing strategy
o Following venn diagram communicates this.
Overall strategy should be that
o (i) create unique, engaging, creative owned media content.
o (2) should then used paid efforts/media to ensure that suh content is strategically placed
where it can be spotted by the relevant target audience.
o This in turn earns the consumers trust and support, which leads to the creation of earned
media.
IMC
o Each individual lentitty
o Put together
o Venn diagram
Owned media
Benefits
Examples
Blogs
Emai
Performance metrics
Paid Media
o Pay to go through communication channels
Company controls the content
Most last trusted form of content
o Examples of paid media
Digital advertising
Contextual advertising
Sponsorship
SEM
SEO
SEA PPC
Social Media Advertising
o Disadv least trusted
Examples of Owned + Paid media
o SEM google
SEO , owned Organi Marketing
Techniques
Paid bloggers
Social mediaadverising
o Face book, paid ads, stories
o Twitter, paid retweets, trending tweets
o Youtube, stream videos
o Pinterest
Disadv. Not trusted
Journalists, tv
Viral marketing
Ratings and reviews
Recommendaitons
Recommendaitons, ratings and reviesws, UGC viral marketing
Social meiainfleuncers
Traditional journalists
Double-edged sword
o UGC
Scial Media as a platform for Custoemr service
o IMC
Owned + Paid media Amazon using FB as a platform for Customer Service
E Earned emdia,customer discussion
Works as a double edged swod, Amazon is creating and owning content
by addressing customer concerns on FV, but can go and work againt the,
o Generate positive WOM
o Or negative UGC
Why is there a shift?
o Vculture
Amazon taken advantage of this shift
o Using social meia (owned + paid) as a platform, pays face the uploads its own
content/trouble shooting that all can see.
o Dyamic platform, facilitates a stream of dialogue
o Personal
Earned Media
o Consuemrs gets transparency, vindication, can get problems solves.
o Amaon can flex its muscles and show off how it handles customers complaitns.
o However, make unhappy can work gainst you
Customer service paradox
Initially bad, but then provide a better, looks good even happier.
Culture, shift
Dynamic customer interactions on social media
Earned media positive WOM
o Transparency
But if u make customers unhappy in difitual world, each
tell 6,000.
Customer servie paradox
Fulfils marketing objective
o Inspire customer retention and loyalty
o Consumer confiene
o Increase satisfaction
o Generate Positive WOM.
Walkers sandwich
o Amalgamation of online adntraditional IC
Objective wake walkers chips more exciting
Owned media
o Website conent
o Slaes promotion offer
o Emails
o SEM
Paid media offline and online celebrity endorsement
o
o
o
o