What Does a ‘Like’ Get You These Days?

We often talk about how much a “like” is worth in terms of marketing. But what is a “like” worth to the consumer?

Take a look at this chart from eMarketer. The results clearly show that consumers expect to get something in return for their click. But when the CMO Council asked marketers what they thought, they said that consumers clicked out of loyalty or love for their product.

It is true that clicking the like button does imply a certain fondness for a brand, but love will only get you so far. Once the bloom is off the rose, consumers want to be rewarded for their loyalty.

You could go to Jared, or you could offer coupons, discounts, and freebies, They’re the best way to get me to like your Facebook page.

5 Marketing Tips from the Social Commerce Summit

Right now, some of the top internet entrepreneurs are in New York City discussing social commerce, Facebook, the daily deal space and all things social media.

It’s all happening at the Social Commerce Summit and since we can’t all be there, Business Insider is boiling down the important points in a series of articles on their website. It’s still a lot to take in, so I’m narrowing it down even more.

Here’s my pick for the top 5 pieces of marketing advice culled from lists put together by Business Insider.

5. Like it or not — Google+

Jason John, Gilt Groupe marketing exec says:

Search is extremely important to us. Google will have its way and we will have to focus on Google+. We launched our presence on Google+ yesterday.

Redbox Hits Netflix with a Strong Right Hook

We have a Blockbuster store in our town that is still open for business but you wouldn’t know it when you drive by. But if you go down a block to the grocery store any evening, you’ll have to navigate your way around the line of people waiting to hit the Redbox DVD machine.

Now that Redbox has the hard-copy, DVD rental biz sewn up, it’s time to move on to the streaming biz. That means competing with Netflix. Even with all their recent troubles, the online DVD rental company has carved out a deep niche for themselves.

Redbox isn’t worried. They have a plan and a partner – Verizon.

LiveJournal’s GM Talks About the Future of Blogging

While Tumblr, Pinterest and Facebook generate buzz, LiveJournal has been quietly steaming along for 13 years. The service is the ultimate combination of blog and social media, connecting folks with like interests with easy friending tools and communities.

And though it may seem like blogging is on the way out, LiveJournal is looking to pump up the volume with the concept of super communities.

LiveJournal General Manager Anjelika Petrochenko talked with me about the future of the service and how it could become the next big thing for any one marketing content.

CB: Can you talk a little about blogging’s place in social media. It seemed like it was headed out but now is experiencing a resurgence.

Mobile Marketing is Hot, But for Facebook it’s Not

Facebook has a dirty little secret. They don’t know how to make money with their mobile app.

That may sound like no big deal, or even a little humorous, but its actually pretty scary. Facebook has one of the biggest user pools around and if they can’t find a way to make their smartphone users convert, then what hope is there for the rest of us?

The trouble stems from the fact that Facebook’s mobile app is a highly stripped down version of the real site. It’s about giving users a quick overview of what’s happening and a way to post an update while on the go. It’s not designed to handle the interconnected series of links, likes and lookarounds that keep people on the web version for 18 to 38 minutes per visit.

What’s the Fastest Growing Online Ad Format? Video!

Video may have killed the radio star, but it’s working wonders for the online ad business. According to eMarketer, video is showing the highest spending growth numbers of any category.

Last year video went up 42.1% and it’s expected to keep in the double-digits for the next few years.

More spending, means claiming a larger share of the online ad pie. For video, it’s currently at 7.9%, just barely sneaking past Classifieds and Directories. The share is expected to rise to 15% by 2016, keeping it solidly in third place.

Add in search and banners and these three ads account for 80% of all ads sold. Search, accounting for almost half of all online ads by themselves.

Why Social Media is Like High School and Other Interesting Facts

The Integer Group and the Coca-Cola Retailing Research Council understand the importance of social networking in marketing. That’s why they’ve dedicated themselves to making sense of it all, beginning with a five-part series called entitled Untangling the Social Web: Insights for Users, Brands and Retailers.

The first part is available right now (it’s free) and right off the bat you’ll find this little gem.

Comparing social media to high school isn’t an original concept, but I do like the way they’ve phrased it. It’s funny. It’s all true and it explains why social media is such a fickle beast.

Here’s another gem:

40% of social networkers log on
to a social site before they get
dressed in the morning.

No wonder General Mills is so set on making cereal boxes digitally interactive.