Here’s a quick round up of the recent Insight Series event I helped put together and promote for the Branded Content Marketing Association (BCMA) at Freuds on Oct 24th (see full account here). It’s been cobbled together from an existing round up by the BCMA’s CEO Andrew Canter, and also notes kindly supplied by Unruly Media’s COO and co-founder Sarah Wood.
The evening started with a Neil Blomkamp’s futuristic film, Tetra Vaal which depicts a ‘third-world’ country run by robotic police.
Andrew Canter, CEO of the BCMA reflect on the achievements of the association over the past 10-years, including the development of a proprietary measurement tool, contentmonitor, the publication of its first ebook, “Best of Branded Content Marketing” and recent publication of the first phase of an Academic Study defining branded content for the digital age.
Tamara Roukaerts, Director of TRM&C and former Head of Marketing at Aurasma where she was instrumental in developing their augmented reality apps. Presenting from her iPhone, her view was that as individuals, we’re becoming more and more like brands.
“Glogging instead of blogging – brand advocates live blogging their lives from a first person POV from Google Glass”
Our product is our first person lived experience which we edit, package and share, measuring the success of our important life events in terms of likes, shares and retweets. And at the same time as we’re acting more like brands, we increasingly expect brands to be more like us – more social, more authentic, more contradictory, nuanced and real. Brands that don’t get this new deal with consumers will lose.
Zuck’s Law says that every year, the amount of content we share doubles. A new wave of mobile devices will enable this growth to continue and even accelerate it. Fuelled by the continuing increase in mobile processing power and the decreasing cost of mobile components, mobile as a category will prove to be far greater than just smartphones and tablets – expect connected FMCG products, smart homes, interactive clothing, wearable devices and augmented reality eyewear.
But this isn’t just about the devices we carry, it’s fundamentally about the kinds of content we create and consume. Content will change as the devices we carry change, so expect a shift towards content with a first person perspective, fuelled by the rise of eyewear like Google Glass that allow us to share our view in real time. So when negotiating terms with your brand ambassador in 2023, you won’t just be talking about how many tweets they’ll send out about your product or how any campaigns they’ll front. You could be negotiating how many hours a day they’re willing to live broadcast their first person perspective.
Eric Schwamberger, Partner at Tenthwave Digital from New York City. His view of the future for branded content was that the concept of Brand will evolve past the rigid and structured expressions of Brand Positioning, Essence and Benefit to a more complex humanistic and personified view of the Brand.
“Branding as we know it is dead: brands are personified, becoming people, the personification of brands”
He stated that Brands will stop “disrupting what people are interested in” and try to “become what people are interested in” shifting marketing value from brand impressions and message frequency to brand engagement and experiences.
His final prediction was that as the first “Social Generation” grows up, transparency and sharing will become a part of a new global dynamic. The idea of Social Media will move past a line item in the marketing budget to an integrated tactic of just about everything we do.
“Social Marketing is dead; social will just become "being” (transparency mindset, lives are open and online and they’re willing to divulge. there’s no personal. Social will just be what a brand is (or isn’t)“
Nick Hayward from YouTube shared his views of the future. He started by saying that he had never given a presentation that did not contain video and that he had never completed a presentation in five minutes. Tonight he was going to do both!
He said that video on the internet used to be about seven second clips of exploding boats/heads, etc. Everything has changed! The new generation ‘C’ has grown up with video and creating content that people love and share. It is all about giving people great contentand allowing them to interpret in the way they want to. He argued that brands must be more agile and react to situations and maximise the positive impact on sales, e.g. Oreo’s tweet during the Superbowl blackout, ‘You Can Still Dunk in the Dark’.
One of the key trends will be the ability to purchase products whilst viewing content, or ‘shopability’ which must not be seen as intrusive and add to the viewing experience. He also said that we need to look at new types of measurement to take account of the advance of technology. Talking of technology he then went on to explain how Google Glass would transform the world.
- Generation C – connected, content, communities, creating, curating, crowds (YT makers are great at creating shareable content). It’s a psychographic demographic though it skews younger
- The big opportunity is for brands to curate content. If your content cannot be shared it will die (Buzzfeed, done in their voice, trust the curator). Oreos – genius – you need to be relevant, real, real-time
- All content will be transactional (being able to buy as well as watch)
- Metrics will need to change – a cultural penetration metric, how the emotion changes as you watch content. Emotional connection is worth more than 10 million views.
- Trust will become a currency.
- Glass – Google has created a problem that brands can solve. Memory will be cheap, let’s film everything all the time. The winner will be someone who can programmatically edit. Sharing memories. Coke could do this! Life editors the young creators will grow up and become Hollywood
- Future is about truth
- We’ve gone from small to large number of gatekeepers
- the future of the Internet is video
- It’s not about high production quality
- Brands can play but permission comes from the audience
- 1st space – owned and paid Media
- 2nd space – social media
- 3rd space – brand truth and engagement
A Q&A session followed with some great questions from the audience:
- Should brands be creating content or platforms?
Nike+ is a platform (requires big bucks); it’s easier to join a conversation than to start one
- Engagement – consumers are fickle. Is this a problem? Does loyalty matter?
There’s no such thing as loyalty.
As Andrew Canter summed up one thing that is guaranteed about the future is that you are going to be wrong! It is to what degree you get it wrong that is the key.
More soon as I’ll be interviewing industry experts about what they think is coming next.