IDC | Direct Marketing Observations

Should we be amazed anymore at how fast digital is moving? Honestly no. But what should we be thinking about as we watch it go by? When I was a kid and I would see a train go by, I always wanted to be on that train. I didn’t really care where it was going, I just wanted to be on it. With a little foresight and hindsight you can be on that train that we’re calling digital right now-and know where it came from and where it’s going. We sort of know where it came from, but here’s 4 stops on that journey.

Figure out Big Data- Mark it down. Big data is going to be big business. It makes sense though, you have these large organizations collecting terabytes of customer data but not knowing how or what to do with it. Enter the age of Big Data and marketers finally doing something with that data.. IDC predicts that the market for Big Data technology and services will reach $16.9 billion by 2015 up from $3.2 billion in 2010.
Focus on the Customer. If you think you’re doing enough with your customers, then chances are, you are not. Some recent Accenture research reveals that retailers can respond with mobile capabilities designed to create value for both customers and themselves if they understand who is shopping in their stores, how they shop, and how mobile influences their shopping behaviors.
Go Get a Tablet– It’s hard to ignore the mobile and tablet markets. If you don’t own a tablet, you probably have it on your wish list of things to get. That’s a good decision. Why? It’s where your customers, clients and colleagues are going. Need the data to prove it? After less than two years, U.S. mobile subscribers were using almost 40 million tablets, according to ComScore. In contrast, it took smartphones seven years to reach that level of adoption.
Twitter ain’t going anywhere-From cars that tweet, to marketers figuring out newfound ways to leverage the power of microblogging and actually driving awareness and making money-Twitter is hitting some good times. Need more proof? Twitter didn’t buy Posterous just to spend money and collect a toy. They have plans. Big one’s.

We could have added more, but the point here is not to inundate you with all the things that occur every day in the tech world, it’s too much and can be overwhelming. The point is to help you focus on the areas that continue to mature and evolve-For marketers large and small, we need to learn how can we adapt and adopt to things that will be around in 6 months to a year. We have to get away from our fixation on the new and shiny and focus on the smart and profitable.

I’m learning as much as you right now. If you are a marketer or an advertiser then you need to be talking with your customers and not at them. We have been talking about that for a while now. IDC just came out with a report that says that advertisers are failing miserably at communicating with social net users. Why? Because they are used to pushing shoving? their info and their product down people’s throats. According to IDC:

There are four major reasons why consumers use SNS: to connect and communicate; in response to peer-pressure; for entertainment; and for work-related purposes. Advertising does not factor into consumer motivations.

Ouch. So essentially advertisers still don’t get it. Keep reading, it gets better. IDC continues,

One of the potential benefits of SNS that the advertising industry has discussed is whether peoples’ connections (i.e., whom a user knows or is linked to) could be used for advertising. For instance, publishers could show a car manufacturer’s ads to a user’s contacts because that user’s online behavior has indicated that she is interested in a particular brand of cars. Anecdotally, there has been some indication that this “social advertising” might be more effective than behavioral targeting. However, that idea is stillborn. Of all U.S. Internet users, only 3% would allow publishers to use contact information for advertising. For instance, publishers could show a car manufacturer’s ads to a user’s contacts because that user’s online behavior has indicated that she is interested in a particular brand of cars.

If you have been reading some of the thought leaders in the social media marketing space like a Jason Falls, like a Beth Harte or Amber Naslund or Valeria Maltoni or Paul Chaney– they have stressed the importance of brand champions and community influencers who can shape the decisions and actions of the group or community or social net-naturally.

IDC’s report says that “One of the potential benefits of Social networks is that the advertising industry has discussed is whether peoples’ connections (i.e., whom a user knows or is linked to) could be used for advertising.”

I’m not sure what to think. Should I admonish IDC for putting out a report in which this comes as to no surprise to a lot of us? Or should advertisers be ashamed for not listening to some of the people I mentioned above who so obviously “Get it”? and have been saying what was put out in the report for a long time? A LONG TIME. IDC and advertisers could have saved a lot of grief, time and money just by listening to what is being written and talked about every day online in blogs and on Twitter.

Advertisers need to start listening to the thought leaders in the social media space to start with.