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Women are planning to spend less according to two surveys released today.
In a survey by the Marketing to Moms Coalition, moms plan to cut spending on holiday gifts. Offline is expected to be hit the hardest, with an 8% drop over last year. Online will decline by 2%.
“Older kids tend to want expensive presents like cell phones, video games, trendy clothes and computer equipment,” says Maria Bailey, a founder of the Marketing to Moms Coalition, and author of the book, Mom 3.0, Marketing with Today’s Mother by Leveraging New Media and Technology. “Moms are telling their older kids that this year, they’re just going to have to wait.”
Another survey from Frank About Women shows that women (not just moms) are planning to cut holiday spending. First on the chopping block? Themselves.
62% of women are asking friends and family to forgo buying them a gift this year due to the economy.
They asked survey participants who would be cut from the gift list that normally would be on.
So, who is getting a gift this year?
“Not only are women planning to spend less on others, they are actively encouraging their friends and family to omit them from the gift list this year,” says Nicole Green, senior strategic brand planner at FAW. “This self-sacrificing mindset represents a significant cultural shift as a renewed sense of fiscal responsibility and frugality trump spending and splurging for many women. Marketers who speak to the real meaning of the holidays are more likely to resonate with women this season and benefit from their spending power.”
Related Reading:
Microsoft Study Reveals Online and Digital Behavior of Women
Mom Bloggers Prove Powerful Resource to Marketing and Branding Success
Moms See Search as Task-Oriented; Websites as Entertainment
U.S. business-to-business search engine Accoona has been acquired by Denmark-based business-to-business search engine Masterseek. Accoona launched in 2004 and has seen much of its success in China.
“We have worked intensely for the last two weeks in order to get all of the legalities and finances in place for the takeover and there is still a great deal of work in front of us to integrate and re-launch the search service,” states Rasmus Refer, founder of the Masterseek Corp.
Accoona will be re-launched (again) with integrated Masterseek data in the U.S. and China. Then it will be launched in Europe. The target date for the European release is January 2009.
I’ve just returned from the PRSA International Conference in Detroit, Michigan. The Public Relations Society of America is the world’s largest organization for public relations professionals.
But there were a number of sessions on the agenda about search engine optimization. On Saturday, Oct. 25, Lee Odden taught a half-day workshop on “Optimizing Content for Optimum Search Results: Search Engine Optimization of News.” Lee, as most of us in the search industry know, is the CEO of TopRank Online Marketing.
Bill Wagner, the CMO of Vocus, talked about “Uncovering the Potential of PR to Drive Sales.” Lee Odden, Rob Key, the founder and CEO of Converseon, and David Bradfield, senior vice president and partner of FH Digital, discussed “The Changed PR Landscape: What Works, What Doesn’t.” And Laura Sturaitis, senior vice president of media and product services for Business Wire, and I spoke about “What’s the ROI on Your Press Release?”
In other words, SEO and PR people are starting to “reach across the aisle” to build some pretty interesting alliances.
In February, I interviewed Lee Odden at SES London 2008, about news search engine optimization and related topics. And in December, Lee and Sally Falkow, the President of PRESSfeed, will be speaking about “SEO Through Blogs and Feeds” at SES Chicago 2008.
Lee Odden, TopRank Online Marketing, at SES London 2008
As Frank Watson noted earlier this morning, Lee and Jay Byrne, President of v-Fluence Interactive Public Relations, are holding a free PRWeb webinar entitled, “Use PR To Drive Better Search Results,” today at 2 p.m. Eastern Time.
And PRSA has asked me to teach a teleseminar on “The Secrets of Search Engine Optimization” on Thursday, Nov. 6, at 3 p.m. Eastern.
What’s all this mean to search engine marketers? Get the folks over in public relations to check out this topic. They may have missed it at the PRSA International Conference. But it is a subject that they’ll want to understand as they prepare for 2009.
And getting your PR specialists on the same page with your SEO specialists could give you the best bang for your buck in a global recession. Consider this tip a “recession special” you won’t want to pass up.
One last note: I hadn’t been back to Detroit in a long, long time. Wow, is the Renaissance Center impressive. And the Detroit Riverwalk. And the GM Next Showroom. Now, I remember Detroit as Motor City and Motown. But it has experienced a renaissance while I wasn’t looking. Cool. Very cool.
Google has reached an agreement with the Authors Guild and the Association of American Publishers (AAP), which represented a broad class of authors and publishers to expand online access to in-copyright books and other written materials in the U.S. The publications will come from the library collections participating in Google Book Search.
The agreement was reached after two years of negotiations. The deal includes Google dishing out $125 million to establish the Book Rights Registry, which would resolve an existing class action lawsuit brought by the groups.
If the court approves, the agreement allows:
“Google’s mission is to organize the world’s information and make it universally accessible and useful. Today, together with the authors, publishers, and libraries, we have been able to make a great leap in this endeavor,” said Sergey Brin, co-founder & president of technology at Google. “While this agreement is a real win-win for all of us, the real victors are all the readers. The tremendous wealth of knowledge that lies within the books of the world will now be at their
fingertips.”
What do you think about the agreement? Let us know your thoughts in the comments.
Related Reading:
Google SERPs Promoting Google Book Links
Google Courts Book Publishers, Librarians
Quintura has launched its first site search solution. It’s initially only available in the U.S.
“Web publishers who add Quintura’s free, hosted solution to their websites will realize significant cost savings and generate a new revenue stream,” said Yakov Sadchikov, founder and CEO of Quintura. “Online publishers are given a unique opportunity to engage their users in site search far more than ever before, resulting in additional page-views and click-throughs.”
Quintura has also received its first patent, for a search engine graphical interface using maps and images.
“In beta trials, our solution has proven its benefits to web publishers,” said Dennis Szerszen, CMO of Quintura. “Our statistics demonstrate much higher click-through rates, search utilization, and overall page-views.”
Seems legendary investor George Soros, who supposedly made a billion dollars trading on the foreign currency exchange, will have some competition from Google as they are now hedging against fluctuating currency exchange rates by investments in the forex market.
Cnet reports that Google has invested over $80 million dollars in forex trading hedges to offset the strengthening dollar against the global currencies many of their advertisers are paying them in.
Given that 51% of Google’s revenue comes from outside the United States, many large advertisers are given credit in their own currency which could be worth less at the time they actually pay Google.
The value of the US dollar against the euro, Canadian dollar and the British pound has increased substantially in recent weeks, thus Google gets less US dollars when someone pays them. The actual value of the clicks is done in US dollars at the base of the calculations, so Google advertisers get to pay less than what they would if there was just one currency used in the actual bidding.
Maybe the brothers Google want to emulate Soros who was part of the Google Author series that had CEO Eric Schmidt as part of the presentation.
His Wikipedia entry about his currency speculation profits may be alluring to the Google founders who have shown a penchant for aggressive investments into a number of markets.
“On Black Wednesday (September 16, 1992), Soros became immediately famous when he sold short more than $10 billion worth of pounds, profiting from the Bank of England’s reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.
Finally, the Bank of England was forced to withdraw the currency out of the European Exchange Rate Mechanism and to devalue the pound sterling, and Soros earned an estimated US$ 1.1 billion in the process. He was dubbed “the man who broke the Bank of England.”
Be careful guys, it is a highly volatile market and we wouldn’t want you to lose money.
ChaCha has been selected by Rock the Vote to provide SMS search for the duration of the 2008 elections. Rock the Vote is the effort by MTV to make voting cool among youth.
Users can text questions RTVOTE (788683) on their cell phones and receive nonpartisan answers from “politically-trained ChaCha Guides.” Texters can learn where their polling place is, candidate issues, and whether or not it’s possible to remain nonpartisan in this election anymore.
“As the presidential election continues to heat up, we’ve seen a sizable increase in questions about the election,” said ChaCha Co-Founder and President, Brad Bostic. “ChaCha has rapidly become a popular, trusted resource for young people who want information while on the go. By making credible answers easy to access on virtually any mobile phone, ChaCha and Rock the Vote are providing unprecedented access to the information voters need to make informed choices.”
Related Reading:
ChaCha is Fastest Growing Mobile Text Search Service
ChaCha Launches Enterprise Mobile Answers Service
Omniture has agreed to acquire the site search and merchandising assets of Mercado. Already a partner of Omniture, Mercado’s tools were previously integrated with Omniture SiteCatalyst through Omniture Genesis.
“Omniture is the top supplier of Web analytics to the retail industry and this acquisition extends our leadership further into merchandising,” said Josh James, CEO and co-founder of Omniture. “The macro environment has created a great opportunity for us to acquire assets that we have been interested in for some time at a great value for our stockholders.”
Last month, Omniture launched its SiteSearch product, a hosted site search product picked up via its Visual Sciences acquisition, which was completed January of this year.
On Friday, the YouTube Blog announced that the video sharing site was starting to test full-length programming. Apparently, YouTubers have been asking “to be beamed up with Scotty, to devise a world-saving weapon using only gum and paperclips, and to get your grub on at ‘The Peach Pit’.”
Hey, I’m not making this up. Go to the YouTube Blog and read it yourself.
Through a deal with CBS, YouTube is now offering “Star Trek,” “MacGyver,” and “Beverly Hills, 90210” to the 91 million viewers in the U.S. who watch 5 billion videos a month (54.8 videos per viewer). Yes, yes, comScore Video Metrix reports there are another 19.7 million viewers in the U.K who watch 1.4 billion videos a month on YouTube.com (72.4 videos per viewer). But, I’m sorry, I can’t find out how many there are in Canada.
Nevertheless, the YouTube Blog says, “These shows will be available in the new Theater View style we rolled out earlier this week, which provides optimal experience for watching full-length programming on your computer.”
Yes, yes, but what does this mean to search engine marketers?
The YouTube Blog adds, “As we test this new format, we also want to ensure that our partners have more options when it comes to advertising on their full-length TV shows. You may see in-stream video ads (including pre-, mid- and post-rolls) embedded in some of these episodes; this advertising format will only appear on premium content where you are most comfortable seeing such ads.”
Ah, ha! You knew there was a catch!
Still, in order to make it clear to viewers, YouTube has labeled all full-length videos with a Film Strip symbol so they’ll know what kind of content they’re choosing to watch and what type of ads they might see.
I can’t wait to share this news with Matt Bailey, the founder of SiteLogic. My business partner, Jamie O’Donnell, talked with Matt about Trekkie lore and web analytics at SES San Jose 2008. Matt was the first to analyze “the Red Shirt Phenomenon.” (As any die-hard Trekkie knows, if you are wearing a red shirt and beam down to the planet with Captain Kirk, you’re gonna die.) But, check out the YouTube video below to hear Matt’s analysis for yourself.
Measuring Web 2.0 with Star Trek - & SiteLogic’s Matt Bailey
By the way, Matt Baily will be teaching one of the Search Engine Marketing Training Workshops at SES Chicago 2008. It’s the Search & Analytics Workshop: Using Analytics to Increase Search Effectiveness, which will be held on Friday, Dec. 12, 2008.
To prepare you for Matt’s workshop, here are some basic stats:
The Enterprise had a crew of 430 during its five-year mission (although, the show was only on the air for 3 years). In the 80 episodes that were produced, 59 crewmembers were killed, which represents 13.7% of the crew. So, that’s what Matt uses as the overall “conversion rate.”
Heck, I can’t explain it as well as he does. So, watch the video interview above — read his article over on the ClickTracks site — or prepare to be amazed during his workshop at SES Chicago.
Federated Media has unveiled and launched a revamped version of their self-service advertising platform. Here’s what to expect with the update:
“With the new functionality available in the self-service ad platform, marketers with smaller budgets have the same access to our sites that Fortune 500 brand advertisers enjoy,” said John Battelle, founder, chairman and CEO of Federated Media. “Conversational media is where consumers congregate, form opinions and make purchasing decisions. It’s not just major brands that need to be here; it’s everybody.”
Related Reading:
Federated Media Grows Network, Partners with comScore
Federated Media to Broker Ad Deals in Facebook Apps
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