Sunday, October 11, 2020

Virtual Reality Marketing

 
IKEA was one of the early adopters of virtual reality with its 2014 campaign that allowed users to imagine and add pieces of furniture to pictures of their homes using a smart phone. Customers could see whether a certain piece of furniture would fit in their real-life environments and what colour would be most suitable. AR allowed the company to spark customers’ interest and eventually helped drive sales.

Since then brands have realized the potential of virtual reality advertising to provide a more immersive experience for users. Possibly one of the best applications of VR has been to apply it to the automotive industry. AR/VR is being using it to test drive a car when there are no dealerships nearby. Brands such as Volvo continue to come out with updated versions that are easily downloadable onto mobile phone, most of which include Google Carboard accessories.

Jaguar Land Rover is another car company that uses this technology to let consumers virtually test-drive its Velar vehicle. A 360-degree experience of the car’s interior begins when someone clicks on a banner ad. The system also includes hotspots where users can tap on the screen to get more information about a particular feature of the vehicle. Another way augmented reality can support the operations of car dealerships is to enhance the sales process and drive sales conversions. In the car showroom, augmented reality can allow people to change the colour or finishes on a car to find the one that fits their preferences. Hyundai’ s AR app runs on iPads and helps sales staff demonstrate the capabilities and features of the manufacturer’s new i30 hatchback that would have ordinarily been difficult to showcase in a showroom environment.

All of these examples are so different, but they all do one thing well: they immerse the audience in an unparalleled and unforgettable experience. VR offers the possibility for consumers to reframe their experience with a product while getting closer to the experience that it offers.

Saturday, October 10, 2020

Digital marketing suggestions for startups

Source: https://www.forbes.com/sites/forbesagencycouncil/2020/10/08/digital-marketing-best-practices-for-startups/#5296a963ded3

Digital marketing tools allow startups frequently having very limited budgets grow at a much lower cost than traditional marketing channels such as TV, newspapers, or street banners. 

In addition, digital marketing supplies startups and other organizations actively leveraging it with precious data (almost everything is trackable in digital marketing). The article author, Mandeep Singh, Founder of SEO Discovery, suggests startups to focus on three best practices:

1. Selecting right channels

The author suggests building up a marketing mix which could consist of SEO, PPC, Social Media, etc. by looking at competitors. Similarly as covered in Digital Marketing class some of the good tools to achieve the task include: SEMrush, SpyFu, SimilarWeb and Ahres. Even though I also believe it is important to know what competitors do, I also think that it is crucial for companies to be able to differentiate themselves and follow only some of competitors best practices without copying everything they do

2. Focusing on SEO

Customers journey almost always starts with search. Thus, it is crucially important to have high ranking in search results. To achieve the goal the author provides a list of techniques similar to the ones covered in class:

  • Leverage tools like Google Keyword Planner to find and incorporate best keywords into the website
  • Optimize meta tags to ensure relevancy and enhance click-through rate
  • Optimize content to have long-tail keywords
  • Build backlinks from relevant and high-authority websites. Using tools like Ahrefs and Majestic can help identify what sources competitors leveraged in building their backlinks
3. Optimize for Mobile
Given the high usage of smartphones in daily life, Google uses mobile version of websited for ranking

Mars & Disney are Reimagining Halloween During the Pandemic

Source: https://www.latimes.com/entertainment-arts/business/story/2020-10-08/why-disney-betting-spooky-short-films-sponsored-brands

https://www.travelandleisure.com/travel-news/mars-wrigley-treat-town

A typical Halloween is accompanied by sugar rushes across the country as kids collect candy from friends and neighbors across the US. This time of year is arguably the most important for any candy company, with sales spiking as households prepare for October 31st. But this year will look a bit different thanks to the COVID-19 pandemic. As traditional trick-or-treating and Halloween party plans get thrown out the window, Mars Wrigley is adapting in the hopes of saving some sales.

The world’s largest candy company has introduced new ways that consumers can interact with the brand this season. The first is a new digital trick-or-treating experience, “Treat Town.” In the app, users can participate in many different Halloween-themed activities and interact with other users. The other is sponsorship of five short films in collaboration with Disney that will be available on Disney-owned FX, Freeform, and Hulu. Each of the films has a different Mars-owned candy theme, featuring beloved brands like M&Ms, Skittles, and Twix. By bringing Halloween to people confined to their homes and making the candy company top-of-mind for the whole month of October, these unique branding opportunities will likely save some sales as consumers will continue to crave their sugar.

Amazon Live attracts more beauty brands with its shoppable livestream format

 https://www.glossy.co/beauty/amazon-live-attracts-more-beauty-brands-with-its-shoppable-livestream-format/?utm_medium=email&utm_campaign=glossydis&utm_source=daily&utm_content=201006

With the closure of brick and mortar retail during the pandemic, brands have turned to creative digital channels to engage their customers. While China has already mastered the livestream shopping events on Tmall, Amazon Live has begun to expand into the realm. 

The shoppable livestream is extremely effective method to engage customers and encourage purchasing. In China, Tmall livestream events generated $61M in revenue last year. Now, with online being the only way to shop in many countries, I would expect sales from these events to increase. Many beauty brands were already using this tool on their own sites or on Tmall, but with Amazon, the customer reach could be further. Amazon also allows the customers to see different brands in one place, facilitating a more streamlined shopping experience. If the brands are able to access the Amazon Prime benefits, customers can also enjoy free two day (or less) shipping. 

However, the shoppable livestream via Amazon could damage some of the brands using the channel. I imagine Amazon controls the information on the consumers that log in and view the livestream, so brands do not have insight into who attended, unless they purchased a product. When consumers do purchase a product from Amazon, the customer service experience is more difficult for the brand - since Amazon distributed the product, the brand has no control over how it is packaged. While Amazon has an expansive, unmatched customer reach, brands cannot control how their brand DNA is conveyed to the customers when Amazon enters the customer journey, which could be detrimental to smaller brands.  

Friday, October 09, 2020

Instagram Shopping Expands to IGTV and Reels

Instagram recently rolled out its shopping feature across IGTV, allowing users to check out directly from videos. This feature provides brands and influencers with another way to earn revenue directly from followers. This could potentially lead to higher conversion rates for the brands, as the time and effort required to complete the purchase is reduced. Customers are likely to churn when there is too much friction between seeing the product on Instagram, navigating to the brand's own website and completing checkout. Further, if the purchase is completed in the app Instagram can collect fees. In addition, Instagram has plans to implement a similar system in its Reels feature. Soon, users will be able to shop within IGTV, Instagram Live and Stories and Reels. With these developments, it is increasing clear that Instagram is making shopping a core part of its app experience, further blurring the lines between authentic social content and advertising. It is not hard to picture the day when Instagram becomes a digital catalog of the latest trends, conveyed in bite-sized content with one-click purchase options. 

More information can be found in this article: https://techcrunch.com/2020/10/05/instagram-expands-shopping-on-igtv-plans-test-of-shopping-on-reels/


Current Email Marketing Trends and Statistics

Almost 40 years after the first email campaign was sent, we know this kind of marketing strategy is still going strong today, and even more so this year because of COVID-19. Over 55% of marketers say they're getting the best ROI from email campaigns these days. In fact, in a study by Seventh Sense, more than 50% of the survey participants said they will be increasing the number of emails they send to communicate with consumers and potential consumers due to the coronavirus. Hubspot found that email marketers are sending 27% more emails now than before COVID-19. 

Marketing via emails has been known to increase ROI, customer engagement, and brand loyalty, among other important factors. Some notable statistics are:

  • 31% of B2B marketers believe email newsletters are the best method of growing leads
  • 80% of professionals say that email marketing improves customer retention
  • Every $1 spent on email marketing generates $32 in ROI
  • Emails result in higher conversion rates than social media advertising, direct traffic to sites, and search advertising
Moreover, marketers are focusing on ways to improve personalization and 67% of marketers in research completed by eConsultancy and Upland Adestra said that something that requires improvement is the ability to personalize emails. This was a larger percentage of respondents than the percentages of marketers who thought email marketing needs better cross-channel data insights, segmentation, or marketing automation. That said, data integration is said to be the biggest hurdle for companies trying to personalize their email marketing. While personalized emails are most effective, they are also reported as being among the most difficult type of messaging to deploy when compared with other emails such as e-newsletters, birthday emails, and automated/lead-nurturing emails.

In 2018, Evergage conducted a study that found that marketers use personalization for the following top purposes:
  • Tailored messaging or promotions based on audience segment (76%)
  • Product or content recommendations based on audience segment (51%)
  • Personalized emails at send time (49%)
  • Emails triggered based on user behaviors (35%)
Even consumers say that personalized marketing is at least somewhat appealing to them. This is also evident in that studies have shown that birthday emails can generated over 340% more revenue per email than standard promotional emails. Also, personalized subject lines can potentially have 50% higher open rates than standardized email subject lines.

Tools that can help marketers create more personalized email experiences for their consumers include automated user journey management platforms. These kinds of softwares allow marketers to set triggers to send emails based on a user's behavior or activity and can be useful both for customer acquisition and transformation of consumers into loyal brand advocates. B2C companies who connect with consumers through automated emails have reported seeing conversion rates up to 50% and sellers who send a series of welcome emails have seen 13% greater revenue than those retailers who only send one welcome message. To be most effective, email personalization and automation needs to be well-integrated throughout the customer journey (including data integration) to see the benefits of increased conversion and retention rates.

Is SEO Dead?

Apparently, in the last few months, Google has redesigned its search results page. The major changes? Essentially de-emphasizing SEO and featuring paid search even more. As the article referenced below suggests, I tried a simple search for "restaurant furniture." As seen in the image below, everything on the page is a paid ad and nothing is organic. In fact, I had to scroll a great deal, past a Google Map and its associated search results, to find the first instance of an organic result.


 





This hints at a troubling conclusion: that SEO may be just about dead. The author of the article phrases it best: "If there is no way to get your organic search result in that position based on the current Google page design, then why focus on SEO at all? Your focus needs to be on shelling out a lot of money to Google to make sure your business is promoted in Google Ads, Google Local and Google Shopping placements on the page."

With one tweak of the results page, Google has quite effectively forced companies to fork over more money in order to stay relevant. If they don't, they might find themselves among the dead bodies on the second page, no matter how good their SEO strategy.


https://www.entrepreneur.com/article/353000

Tuesday, October 06, 2020

Advertising in an AR World

 As tech companies compete to find the next new platform/technology that will change the landscape many are focusing on AR/VR as potential vehicles. Apple is expected to be one of the first to make a big wave in this space with Apple Glasses expected to be announced anytime and Facebook is making strides with their Oculus platform. But what will this mean for the future of advertising if consumers are able to interact with technology and gather information at an even more rapid pace? 

The first brands to launch a successful AR campaign will be able to create an immersive experience like never seen before. This immersion makes me think that film/tv/gaming companies will be the first to launch these kinds of campaigns. They already have large advertising budgets and some of the networks and gaming companies have been the first to pick up on emerging trends (such as HBO's use of 360 video).

But consumer goods companies could also find case studies to make them early adopters. Such as targeted ads to consumers as they shop, reminding consumers to re-purchase if they see a product being thrown into the trash after running out, or allowing customers to quickly scan QR codes. Some of these methods are incredibly cost-effective and will allow for incredible segmentation and targeting.



Modern rebrands are not for everybody

Redesigns are risky and exciting. With a redesign, you can rebrand entire products, organizations even. You can redefine what something is, how to use it, even convince people to purchase it at a higher price point. But it’s not only about potential, it’s about trust. When we redesign, we’re trusting that our existing consumer base won’t leave us. That they’ll still be able to find us and maintain our relationship, maybe even make it stronger. And on the otherwise, we’re hoping to build a new trust with a different, or at least a wider customer based.

But with all that potential and all that trust comes a big risk – that people will think less of our value proposition, that people won’t understand our value proposition, that people won’t like our value proposition, or, perhaps worst of all, that they literally can’t find our value proposition at all.

That’s the risk that Tropicana took in 2008 and that risk did not pay off. In an attempt to update and, in the CEO’s words, create a more “modern” brand, Tropicana changed the look of their iconic orange juice carton. They removed the famous orange with a striped white and red straw going through it, the ultimate symbol of freshness. That image told us that their orange juice was so good and so fresh, it was like literally drinking an orange. They removed much of the contrast on that carton. Instead of green on white text, they had white on orange text, making it harder to read and harder to spot on a shelf. 

The only graphic on the carton is half a glass of orange juice, one half showing in the front and the other half showing on the side. If you’re looking at the carton straight on, which is what most people look at when shopping for orange juice, you can only see half a glass and you can barely tell it’s a glass of orange juice. From a distance, it just looks like a random orange background. And in a see of other orange juice cartons, it gets lost entirely. But in terms of design decisions, perhaps the most confusing one is the decision to turn the logo of Tropicana to be read vertically. It goes up the side of the edge of the carton, making it harder to read. It’s also a lighter shade of green, creating less contrast. It’s literally hard to read the name of the brand you’re looking for. The final redesign made the famous brand practically invisible, another orange and white colored carton blending perfectly into the background.

But here’s the thing – the redesign is pretty. In terms of modern aesthetics and a minimal feel, it hits all the marks. It’s pleasant to look at, feels sleek and edgy. It looks like something Apple would design if they designed orange cartoons. But Apple doesn’t need to stand out against a see of other computers. It doesn’t need all that contrast and a loud logo. Apple computers are sold all on their own, with complete control of their branding with no competition around to stand up against. They can get away with their minimal aesthetic.

But orange juice, a purchasing decision made in seconds as part of a long list of other grocery items to buy, can’t afford to be sleek and “modern”. They have to be loud. They have to burst through the noise of the tons of orange juices they’re literally sitting next to, and their design does not help them accomplish that.

And the sales showed. They spent $35M on creating the redesign and lost 20% of the revenue within a month. The market has spoken. Being modern doesn’t always win.


https://medium.com/better-marketing/the-worst-rebrand-in-the-history-of-orange-juice-1fc68e99ad81


How Mejuri Used Its Online Presence to its Advantage

 

How Mejuri Used Its Online Presence to its Advantage

Mejuri started as an online jewelry brand and was co-founded by Noura Sakkjiha in 2015. Mejuri has a following of 843K followers on Instagram and took on an active online presence to rebrand the narrative of jewelry. Instead of positioning their product as something saved only for special occasions, Mejuri pivoted to becoming everyday wear that customers can gift themselves.

Mejuri positioned itself as a friendly jewelry brand, inviting its customers to be engaged through social media. It launched “For My Damn Self” campaign to honor Women’s History Month and had women share their favorite activities while wearing Mejuri. The campaign has had over 130,000 tagged photos since. Mejuri is very much in tune with its online presence, using online traffic to determine how to supply their products.  According to an interview with the Mejuri founder, they “collect data from social media to see what customers love, and then [they] design pieces in-house”.

Mejuri is able to price lower to its customers because they “sell directly to consumers, there’s no middlemen in the process”. After Mejuri established its strong online presence, speaking to the voice of millennials and gen-z, it launched permanent showrooms which are located in Toronto, Austin, Boston, San Francisco, New York, and Los Angeles. Toronto was the first to open in July 2018.

Mejuri entered the brick and mortar space by having a permanent showroom space in Soho but also dabbles with pop-up stores as well. Having a pop-up space for four weeks allows the brand to interact with customers and build a stronger relationship and brand loyalty. For instance, The Vault, which was a pop-up space for Mejuri led to “an increase of 124% in Instagram mentions globally in the week before the space launched.”

Source:
https://www.forbes.com/sites/karineldor/2020/05/08/mejuri-a-masterclass-in-disrupting-the-jewelry-industry-on-a-global-scale/#11114452c598

https://www.canadianbusiness.com/innovation/change-agent/noura-sakkijha-mejuri/

https://www.glossy.co/fashion/how-mejuri-is-using-pop-up-stores-as-part-of-a-multichannel-retail-strategy/


 

The implications of Wechat Ban

 

Earlier this year, an executive order banning WeChat was signed. The ban is temporarily delayed by the Justice department. The government has increasingly looked to stop users in the US to use Chinese-owned apps including TikTok and Wechat. The Department of Commerce moved to stop Google and Apple to list the Wechat app in their app stores.  

The Wechat app is widely used by people to communicate with not only friends, but also family, colleagues, and customers. Families create family chat groups on Wechat and use the app as their primary way of communication. It is especially common for people to use the app to communicate with their families overseas. The monthly active Wechat users in 2020 is close to 1.2 Billion.

It is interesting to see that the platform is used for communication with both close personal connections as well as business communications. Colleagues use Wechat chat groups to stay in touch and socialize. People also can use Wechat to source customers and post apartments for example. It is a social communication platform that is used by different age groups in China. Grandparents use Wechat group chat to stay in touch with families spread across different cities or countries. 

 

 

 

 

References:

https://www.nytimes.com/2020/10/02/technology/wechat-ban-court.html

https://www.statista.com/statistics/255778/number-of-active-wechat-messenger-accounts/

https://www.nytimes.com/2020/09/18/technology/wechat-ban-united-states-china.html?action=click&module=RelatedLinks&pgtype=Article

What Makes Display Ads Effective

Display ad click through rates are often lower than search click through rates, around 0.46%. This is only about 10% of the click-through rate of the average search ad. This is partially attributed by the difficulty to target consumers with specific display ads, because it is difficult to target other than using general interests. Thus, in order to attract consumers to click on the display ad, more work needs to be done to design the display ad accordingly.  

Some characteristics of successful display ad campaigns include:

1) Simplicity to grab attention

Apple ad campaigns are a great example of this. They are known for having display ads with monochromatic messages (i.e. white background black texts, or black background white texts).

2) The “See-why” method

Use a bold, single tagline to grab viewers’ attention. Many people scroll through web pages mindlessly, so using a catch phrase/slogan that is bold will catch people’s attention. Having a “See Why” button will lead viewers to the product’s page and generate user traffic.

3) Using the eyes/human face

A zoom-in on the eyes can grab attention as the viewers feel like the ad is staring directly at the viewers. As an example, the new LEXUS add uses this, although human eyes have nothing to do with quality of cars

4) Awareness of setting of the ads

In a time of quarantine, using ocean/outdoor as a background may grab the viewers’ attention, and capitalize people’s need to be outside.

5) Use of pets/humor

For institutions known as more serious such as banks and insurance companies, using pets/humor can soften the corporate image and make the content more relatable to the viewers.

Reference:

1.     https://www.business2community.com/online-marketing/the-17-best-display-ads-of-2020-and-why-they-work-02351226

Voice Enabled Ads

 Spotify recently launched voice-enabled ads. Voice-enabled ads are when a user is prompted to respond out loud and say certain voice commands. Spotify is testing this out in their podcasts. While this may seem unusual, there have been many studies that show that voice-enable ads are extremely effective as they are engaging the user in a new way that forces them to pay attention and participate. In fact,  Radio + Television Business Report recently looked into the effectiveness of voice ads and found that they are much more effective than typical ads. They found that when compared to banner ads, video ads, and audio ads with banners, voice-enabled ads were the most effective. This is because there is research that two-way conversations are much more effective. People find this to be more exciting and engaging. 

https://www.rbr.com/the-effectiveness-of-voice-enabled-ads/

Big-techs exercised and abused from Monopoly Power


The 449 page document about the investigation that the house lawmakers spent 15months showed that Google, Apple, Facebook, and Amazon have been abusing from their monopoly position.

For the surprise of many skeptical people about the process, the lawmakers suggest substantial changes. Changes in law, restructuring of the companies, a change in the supervision organizations that oversee these companies.

Bigtechs were compared to oil barons monopolies, and a lot more is expect to follow as these companies are also being prosecuted the Justice Department.


From: https://www.nytimes.com/2020/10/06/technology/congress-big-tech-monopoly-power.html

Unethical Advertising practices - a sponsored article?

Browsing the newsfeed of the TechCrunch, I found an article that would be perfect for our class. But having learned about paid search and having to disclose paid content, I actually realized this article was sponsored content by Ogury. Given the potential hypocrisy of an advertising company sponsoring what seems like a targeted ad, I couldn’t help but click on the article.

The first half of the article seemed like every other article, laying out the issues with today’s targeted adverting. It focused on data collection and privacy, with targeting ads potentially harming a brand’s image. In addition, it spoke about the multiple data breaches where clients' personal information had been stolen and further harmed the relationship between the brand and the customer.

The article then went into 3-steps to stop the spread of toxic data, which was unrelated to the Ogury. Finally, Ogury’s solution was presented. Using safe data to deliver relevant ads to consumers, Ogury focuses on a user-first approach emphasizing privacy, choice, and fraud defense. 

At the end of the day, the article was interesting and less of an advertisement and more like an article informative. I think Ogury did well on following through with an ethical advertainment for their company while adhering to their values.

 

https://techcrunch.com/sponsor/ogury/unethical-advertising-practices-are-out-consumer-consent-is-in/

The Evolution of Google Search

Since its launch in 1996, Google Search has dominated the search engine market, gaining upwards of 90% of market penetration in certain regions. Google owes much of this success to its ability to continually build upon and evolve the product it first launched in the early days of the internet. Though Google's engineers are continually refining Search's capabilities, the following updates drove some of the biggest and most impactful changes. 

Internationalization (2000)

Searching the internet requires the capability to crawl across countless websites, index the information found, and formulaically return targeted results to the user, based on their inputs. Imagine the added complexities that followed when Google Search expanded into 13 new languages in 2000.

Google Panda (2011)

Seeking to improve the quality and relevance of results returned to users, Google made drastic changes to its algorithms to lower the prioritization of websites with a high volume of advertisements or "content farms". This update is estimated to have impacted the prioritization of upwards of 12% of all search results, primarily increasing the ranking of results from news outlets and social media sites. 

Google Hummingbird (2013)

When entering a search, users intend to find websites that relate to the collective meaning of the words they input. Prior to Hummingbird, search results related most closely to a few key words included in each search. This update allowed Search to place a higher emphasize on "natural language" by developing a greater level of understanding of the combination of words included in the search input. 

Google Pigeon (2014)

When we use Google Search, we often care most about results that are relevant to our current location. If I search for "coffee shops" while on vacation in Munich, I really don't care about "The Top 10 Coffeeshops in New York". Pigeon was designed to help search place a higher prioritization on local results. 

Emoji's ... to use or not to use

 Emoji's have made their way into everyday texting, tweeting, and posting to add an element of emotion to the words being written. Asking many people today, there are a lot of mixed feelings about their use but it ultimately comes down to personal preferences. What most do agree on is that emoji's do indeed help provide more context into what a message's intention is. Keeping that in mind, digital marketers should think strategically on how to use emoji's in a smart way in their digital marketing channels, especially when the channel is geared towards a younger segment. They can be a great way to grab the attention of an audience as they add an extra dimension to any piece of text. The only concern is to be cognizant of keeping a good word to emoji ratio as to not overwhelm the reader.

https://www.digitalmarketnews.com/how-to-properly-use-emojis-in-digital-marketing/

McCelebrity Partnerships: McDonalds Entertainment Efforts

Did you know that up until earlier this month, McDonald's hadn't created a celebrity-branded meal since 1992? Back in 1992 the brand featured Michael Jordan on its meals. 

That changed earlier this month when the fast-food restaurant launched a collaboration with Grammy-nominated music artist Travis Scott. The deal includes merchandise, a limited-edition meal, and content featuring an animated caricature of Travis. So far, the collaboration has been so popular that some McDonalds' ingredients have faced a shortage! McDonald's also had to limit the availability of the discounted meal through app-only purchases. 

Following up on the success of the Travis Scott collaboration, McDonald's today announced a similar collaboration with Grammy-nominated reggaeton artist J Balvin. On the deal, McDonald's' CMO said, “He’s always been a regular at McDonald’s restaurants during his concert tours, and now we’re excited to bring his go-to order to our menus across the U.S."

To me, a benefit of these partnerships is more cultural relevance for McDonalds. The partnerships are also very sales-driven, so they are doing a great job at driving customers in-store. 

What do you think? Is it responsible for fast-food chains to align with popular music artists in this manner? What is the impact on the celebrity's brand by partnering with McDonald's in such a commercialized fashion? Who benefits more in this deal - McDonald's or the artists? 

Sources: 

  • https://www.nytimes.com/2020/09/11/arts/music/travis-scott-mcdonalds.html
  • https://www.usatoday.com/story/money/food/2020/10/05/mcdonalds-j-balvin-meal-follows-travis-scott-meal-shortages/5893348002/

Evaluating subscription marketing and sales models for physical products

               It may seem that every new product ad found on the internet today offers a discounted product if you sign up for a subscription (that you can cancel immediately). This marketing and sales format exploded over the last five years to lock in customers as a recurring revenue stream. According to a survey by Manifesto Growth Architects, 70% of business leaders view subscription business models as key to their growth prospects. It’s clear that these models work for both sellers and customers in the software space, where customers need consistently use these products and sellers can turn access on / off relatively easily. For physical products, the outlook on subscription is murkier. While the sales model is certainly appropriate for certain products, others may not lend themselves quite as easily.

I believe the key considerations revolve around 3 areas: the frequency and consistency of purchase, the difference in convenience, and the characteristics of the target demographic. It is well known that more frequently purchased items are more appealing to subscribe, but many companies fail to account for the consistency of purchase. As an example, if products are used at different rates (i.e. shampoo) a traditional subscription might not be convenient for a slower (or faster) than average user. Convenience is also frequently mentioned as a driver of subscriptions. Companies should carefully assess the level of increased convenience against alternatives (including proactive digital marketing). Finally and most critically, the traits of your target customer must be taken into account. As an example, some demographics can become overwhelmed when faced with managing too many subscriptions. Assessing these three areas can help companies better determine whether marketing through a subscription model is truly the best option for success.  

Facebook and The Social Dilemma

The Social Dilemma is a documentary discussing the dark side of social media. Since starting to stream on Netflix on September 9 2020, it has quickly risen in popularity and became one of Netflix’s top 10 most popular shows. The film reveals strategies and tactics that social media firms use to keep users on their sites longer, the psychological impact of social media, as well as how social media platforms influence society and politics.

On October 2, 2020, Facebook released a post rebutting the claims in the documentary, claiming that it “gives a distorted view of how social media platforms work to create a convenient scapegoat for what are difficult and complex societal problems”. Specifically, it gave rebuttals on 7 issues that Facebook has been heavily criticized for both in and outside of the documentary. 

On the point of contributing to social media addiction, Facebook argues that it builds its products to create value and its product teams are not incentivized to build features that increase time spent on its products.

On the rampant misinformation that social media can spread, Facebook claims that they fight fake news and harmful content by engaging more than 70 fact-checking partners who review content in different languages. 

On the issue of influencing elections, Facebook admits mistakes from 2016 and claims to have built a strong defense to stop people from using Facebook to interfere with elections.

Facebook recognizes that its system is not perfect, but is actively working to minimize some of the negative effects of social media.