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A Wake Up Call for Early Adopters

Take a wild guess when the following was published:

10% of new (consumer package goods) CPG products account for 85% of buzz.

Among the products we studied, advertising budget has the strongest relationship with levels of buzz.

The number of consumers who can post content about a product on a blog or message board is confined to a subset of those consumers who are aware of that product.

The findings from this research suggest that buzz is something CPG marketers should consider in developing new product communication plans, and that the role of buzz in generating product sales merits further study.

Given the rapid proliferation of CGM, even marketers who work in traditionally low-buzz categories should pay attention to what consumers are saying.

If you guessed 1999, you are so wrong.

This is from a current Nielsen Buzz Metrics White Paper. Sounds pedantic to me as someone who's been immersed in new media for 10 years.

But it brings home the fact that - like people who live in Manhattan and think New York is the center of the universe - early adopters of new media need to realize that corporations are just starting to learn what a blog is.

And it's corporate marketing budgets that let pundits pay the bills so they can keep exploring the territory ahead.

So please allow me to extend a warm welcome to all the CMOs who are just joining the social media revolution. Feel free to call me. :>)

hat tip to Chris Abraham and Steve Rubel


Categories: Commentary
BL Ochman | Jul 18 07 8:08 | TrackBack (0)

Comments

Thanks for the love, BL.

Posted by: Chris Abraham at July 19, 2007 12:27 AM

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About BL Ochman
BL Ochman
B.L. Ochman, Managing Director of Emerging Media for Proof Integrated Communications, the digital marketing arm of Burson-Marsteller, has been helping Fortune 500 companies strategically incorporate new media into their marketing mix since 1996.

She contributes to Ad Age Digital Next, Mashable, Business Week and others. On Twitter, she is @whatsnext.

She is co-founder of the pet lovers' site and blog, Pawfun.com - where you can create and send free photo e-cards of your pets and create a variety of great products featuring your pet’s photo.

This is my personal blog, where I share my own thoughts and opinions, which do not represent the views of Proof or its clients.






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