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Preparing for the Worst: Bad Online Economic Data Just in Time for Black Friday

It’s the day before Thanksgiving, where you show up at the office, but you’re really thinking about tomorrow’s good meal. You’ve worked hard to set up those search marketing campaigns to run strong on Black Friday and Cyber Monday.

So, I really hate to bring you the bad news, but keeping it from you would be a disservice.

Let’s just rip off the bandaid.

First up, eMarketer has lowered its projections for online advertising spending for 2009. The new growth number is 8.9%, down from 14.5% projected in August. They’re also expecting a long recovery, projecting 2010 growth to be just 10.9%. In five years, things will still be slower on the uptake (than in recent years). Projections for 2013 growth are at 13.5%. Silver lining: some of the tapering off is likely due to market saturation and not just the economy.

emarketerprojections112608percent.jpg

Next, eBay’s traffic is declining. In January of 2007, eBay saw 62 million unique visitors. Last month, they saw just 49 million. Sure, not all of that was due to the economy, but dipping below 50 million can’t be good for eBay.

I saved the worst for last. comScore has released data showing that online consumer spending for the first 23 days of November was down 4% from last year. That’s not a slow down in growth people, that’s flat out shrinkage.

But I’m not a total Scrooge. Unemployment numbers were better than expected this week. And at least one Slate columnist explains why fears of another Great Depression could be overblown (let’s hope he’s right!).

As we overdose on turkey, stuffing and pumpkin pie, let us not forget the ultimate strategy for marketing, business and life in general: Hope for the best but prepare for the worst.

Related Reading:
Selling SEO During an Economic Downturn
E-commerce Growth Slows to Just 1% in October 2008
Online Advertising Networks Struggle As Industry Growth Slows

WebTrends Taps Microsoft, Yahoo Vet as VP of Marketing

Former Microsoft and Yahoo employee, Jascha Kaykas-Wolff, is heading to WebTrends to become their Vice President of Marketing. Kaykas-Wolff comes to WebTrends directly from a business consulting firm, but previously held senior management roles at Microsoft and a management role at Yahoo.

WebTrends CEO Alex Yoder said, “Jascha is a veteran digital marketer, and brings a successful track record of developing and executing strategies that enhance customer experience and deliver meaningful results. His background with Internet and software companies, along with his first-hand experience with WebTrends, has ideally prepared him to lead the delivery of WebTrends’ vision and solutions to the marketplace.”

Related Reading:
WebTrends Releases New Online Analytics Tool
WebTrends Launches New Service to Reduce Wasted Ad Dollars

Yahoo! Introduces Glue Pages to the U.S., With a Slight Twist

Earlier this year, Google began testing Glue Pages in India. Glue Pages simply offered a different look for search results. The normal text results were returned, but they were joined by different modules, including images, videos and other multimedia and social media information.

Now, Yahoo is bringing Glue Pages to the U.S., but the idea is a little different. Only select topics will initially be given Glue Pages, and they will use an algorithm to determine the most relevant information. You cannot drag and drop the modules like the initial test of the Indian Glue Pages.

Here’s a screenshot of the Glue Page for Louisiana Governor Bobby Jindal, who currently has the third most popular Glue Page.

jindalgluepageyahoo112108.png

MapQuest Incorporates Personalization Feature

MapQuest is bringing personalization into their online and mobile mapping offering. Dubbed My MapQuest, the feature lets users save routes and maps, giving them access later whenever they need it.

My MapQuest pages can be created through an AOL account or an OpenID account. You can set language and mileage preferences as well as store mobile numbers and addresses.

The feature will be rolled out to MQ4M (MapQuest for Mobile) for Blackberry soon. Initial Blackberry models will include AT&T BlackBerry Bold, Verizon BlackBerry 8830 and 8330, and T-Mobile BlackBerry 8300, 8800 and 8820.

“The launch of My MapQuest continues MapQuest’s commitment to innovation and improving the user’s experience. Our studies have shown that our customers want a personalization feature that includes the ability to save previously searched addresses,” said Christian Dwyer, Senior Vice President and GM, MapQuest. “Giving our users the ability to save not just maps but also their routes sets us apart and extends MapQuest’s commitment to offering users choice and flexibility.”

Related Reading:
MapQuest Updates Widget and Local Content
MapQuest Now Optimized for the iPhone
MapQuest, Google Launch Blackberry Mobile Apps
MapQuest Launches Local Portal

Yahoo! oneSearch Selected as Mobile Search Service for T-mobile’s Web2go

Yahoo!’s mobile search product, oneSearch, has been selected by T-mobile for Web2go, their new customizable mobile web portal.

Yahoo’s oneSearch is designed to provide answers. For example, if you query a sports team, the results will give you scores, schedules, team profiles and the team’s web site.

David Ko, senior vice president, Connected Life, Yahoo! Inc. had this to say: “With our innovative products and global partnerships we are a leader in mobile search and are incredibly excited to bring Yahoo! oneSearch to more and more users every day. Together, T-Mobile and Yahoo! are providing users with compelling mobile services, while creating unique opportunities for advertisers to reach the rapidly growing audience of mobile consumers.”

In September, Yahoo! announced that oneSearch had been set as default on AT&T’s mobile web portal. In August, a shortcut to oneSearch was launched on select Nokia devices.

Workshops Offered by Direct Marketing Association and TopRank Online Marketing

TopRank Online Marketing and the Direct Marketing Association have just announced a partnership to develop and deliver a series of educational workshops on social media marketing entitled, “Social Media Smarts: Introduction to the Social Web, Tools and Tactics.”

With marketers facing tighter budgets in the coming months, social media marketing offers new opportunities for companies to engage customers, improve brand awareness and increase sales with budgets that are more recession friendly than many traditional marketing efforts.

Lee%20Odden%20and%20Greg%20Jarboe%20at%20SES%20San%20Jose%202008.jpg Leading the workshop will be Lee Odden, CEO of TopRank Marketing, who will introduce participants to the marketing opportunities with social media through best and worst practices examples. As you can see from the photo in this post, I’m much taller than Lee.

But, according to George Markham Director, Education Services at Direct Marketing Association, “Lee is a well rounded digital marketer uniquely qualified with over ten years experience as an internet marketing consultant and a background in corporate training.” Markham adds, “As a consultant working on the front lines of social media marketing for companies large and small, Lee brings first-hand knowledge and real-world examples to teach attendees how to develop a successful social media strategy.”

But I’m still taller.

The Social Media Smarts workshop will provide attendees with insight into blogging and blog marketing, social networks, microblogging, social news and bookmarking, video sharing, image and audio sharing, wikis and social media analytics.

Rounding out the workshop is a social media strategy exercise that will empower attendees to create their own social media strategy and develop a framework for building a business case within their organizations.

Lee is quoted in a press release as saying, “As a high demand digital marketing and PR agency, we’re seeing tremendous benefits from educating in-house marketing staff on the finer points of social media marketing.” He adds, “Offering both good and bad social media marketing examples along with strategy, tools, tactics and analytics can really empower companies to succeed.”

Now, I’ve served on panels with Lee. I know Lee. And that’s exactly the way Lee talks.

The first of the Social Media Smarts workshop series will be conducted in New York, December 4th and 5th, at the Microtek training facility in lower Manhattan. If you are in the nieghborhood, drop by and heckle Lee.

And remember: I’m taller. Actually, I was standing on my toes for this photo. Lee’s actually pretty tall, too.

24/7 Real Media is Fastest Growing Top 10 Ad Network

While some sectors in the economy are struggling, 24/7 Real Media brings some much needed good news. They are the fastest growing top ten ad network in the six months ending October 2008, according to the comScore Media Metrix report.

24/7 grew by 36% and now reaches 135 million unique users. That’s 71% of U.S. internet users.

“We will continue to diversify our publisher network to provide advertisers with unmatched targeting and reach, to accomplish their specific program goals and experience increased ROI for every campaign,” said Ari Bluman, president of North American sales and operations for 24/7 Real Media, Inc. “As a result of our robust targeting options and tremendous reach, we have one of the highest performing networks available.”

Related Reading:
WPP Seals Deal to Acquire 24/7 Real Media
Yahoo, WPP Partner To Sell Ad Inventory
24/7 Real Media Launches B2B Ad Network

Google Adds Voice Search to iPhone Search Application

Google is updating its iPhone search application with a new voice search feature, according to the New York Times. The update is expected to be available in the iTunes app store sometime today.

Users will be able to speak their questions into the phone. The speech is recorded and sent to Google servers which will try to understand the recording and find the answer via Google’s search engine.

One of the cool parts of the app is that it will use the iPhone accelerometer to know when a user has raised the phone to their ear. For the iPhone-less, the accelerometer senses motion. There’s a bunch of games that use this feature for their apps. So if you ever see an iPhone user making weird motions, that’s why.

The update wasn’t yet available in my iTunes, but I’m looking forward to checking it out when it is.

Oh, I should mention that Google isn’t the first to bring voice search to mobile. Microsoft and Yahoo already have brought voice search to some devices. But a search in the iTunes store didn’t reveal anything else that was a solid voice search app (not that Apple’s iTunes search is the best).

Related Reading:
Google Updates Search Results for iPhone
Google’s My Location Now with WiFi
Google Prepares iPhone Ad Options

Twitter Updates for 2008-11-06

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New Blog Post - links for 2008-11-05:
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New Blog Post - Twitter Updates for 2008-11-05:
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Twitter Updates for 2008-11-05: New Article - Send Flowers Online [...]

Yellowbook and YouTube Enter Content Distribution Partnership

Yellowbook’s video advertisers will now be showcased on YouTube via a content partnership agreement between the two. This is indeed an interesting partnership as yellow pages publishers attempt to transition their business online and YouTube continues its attempt to bring home the bacon for Google.

“We’re pleased to be the first internet yellow pages publisher to offer YouTube as a distribution channel for our video advertisers,” said Pat Marshall, chief new media officer for Yellowbook. “Video advertising on yellowbook.com and via YouTube distribution uniquely promotes Yellowbook’s advertisers to more potential customers than ever before.”

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