Group items tagged

11. You're more likely to survive a plane crash than click a banner ad. (Solve Media) 12. 15 percent of people trust banner ads completely or somewhat, compared to 29 percent for TV ads. (eMarketer)

"Ultimately, [these technologies] may lead us to an autonomous vehicle, but there are a lot of things that have to happen. Society in general has to approve of all this. A trust has to be built with customers."

Hybris North America President Steven Kramer said: While social media channels can be valuable awareness-generating vehicles for retailers, they are not currently preferred options for consumers when it comes to purchasing, with consumers visiting retailers' social media sites to gather information that they will then oftentimes use to complete a purchase via another channel. Consumers continue to want information when they want it, where they want it, and how they want it, but when it comes to actually making a purchase, social media is not a preferred or trusted choice. This demonstrates the importance of retailers having a cohesive, cross-channel marketing and commerce strategy, with social media just a piece of the overall multichannel puzzle.

"To address these [technology] forces, our vision is to build our brands through lifelong, one-to-one relationships in real time with every person in the world," Pritchard said. "The power of everyday people is driving monumental change and people power favors brands like ours. We have trusted brands that are part of everyday life. We genuinely care about serving people with superior benefits and doing good."

The over-saturation of advertising, and an ever-increasing distrust of ads has led to a decline in the effectiveness of paid media. Conversely, earned media is gaining ground. Check out this whitepaper from Zuberance, previously offered last month, to see why earned media is so powerful and to learn how you can put it to use for your brand. In this report, you will learn: 1. Earned media is the most trusted and credible form on content for a brand 2. Social media has amplified the sheer quantity and reach of earned media 3. Conversion rates are higher and ROI is larger 4. Earned media lasts 5. Earned media is measurable

Trust in Facebook a hurdle to f-commerce expznsion

Social Proof: 81% of customers reach out to friends and family members on social networking sites for advice before purchasing products Authority: 77% of online shoppers use reviews to make purchase decisions Scarcity: 77% of people like getting exclusive offers that they can redeem via Facebook. We assign more value to products that are less availableLike: 50% of shoppers have made a purchase based on the recommendation of the people they follow(and like) on social networks. We follow those we like and do the things they do Consistency: Purchases made from the brands we trust reinforce our future shopping patterns Reciprocity: We have an innate desire to repay favors in order to maintain social fairness, whether those favors are invited or not

Brands trust Google more than FB for commerce applications. Nods to m-commerce and t-commerce

Attempting to conquer the same social/hyperlocal space as Patch and more niche apps like Yardsale, Nextdoor, which launched to the public last October, lets people create Facebook group-like communities for their neighborhoods, free of charge. From the Village Voice to Foursquare to Everyblock, everyone has tried, but the problem of how to effectively create location-based social networking is a conundrum for many reasons. In order to mitigate the largest barrier to entry, trust, Nextdoor has you verify your neighborhood address either via snail mail or via credit card - purposefully introducing friction.

UK McDonalds are offering free downloads of ebooks and the promotion is tied to Britain's National Literacy Trust.

Ya think?

Mocking people' social media obsessions, the UK's Drybrook & District Male Voice Choir and Renegade Media have created Please Retweet to the tune of Englebert Humperdinck's Please Release Me. It's to raise money for The Meningitis Trust.

Interesting research

Good to remember

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