October 2011 Archives
For too long, the digital industry has looked at brands like Pepsi simply as a monetization strategy. What's worse is that sometimes our digital friends view us as being uninformed members of the digital ecosystem - something akin to prey. Not only is that perception misinformed, its going to start impacting the bottom-line of many companies in the digital ecosystem.
On the brand side, marketers cannot afford to play that role anymore. We need to show a much stronger return on all our marketing investments just as we recognize that traditional forms of marketing (ie banner ads) aren't as effective as they once were. We also understand technology better than we're often given credit for. If you treat us as your monetization strategy, you probably won't get much attention from us.
So how do we think about our roles in the digital ecosystem? I like to think of it as four key points:
The role of brands extends beyond simple advertising and is evolving towards meaningful sponsorships, content curation and creation. The way Pepsi is partnering with the X-Factor across retail, in show and online (check outPepsi Sound Off
This piece by me was first published in Ad Age.