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7 Digital Trends to Watch in 2012

by Daria Steigman on January 17, 2012

Daria Steigman & Dan Horowitz on IABC/Washington's Digital Trends 2012 Panel

From l-r: Steve Radick, Dan Horowitz, Daria Steigman, and Rick Dunham

Integration, mobile, and consolidation were all topics under discussion at the January 12 IABC/Washington panel on trends in digital communications.

Here are my top seven takeaways:

1. Silos will start to fall. According to Steve Radick of Booz Allen Hamilton’s Digital Strategy and Social Media Practice, government agencies will better integrate their social media initiatives. He noted, in particular, that people are starting to understand the disconnects that happen when customer service is not integrated.

2. Government social media will be in “wait and see” mode. Radick said not to expect a lot of big Government 2.0 initiatives. He suggested that most agencies will be in waiting mode during this election year.

3. Companies will start to clean up their act. Dan Horowitz of Fleishman-Hillard’s Digital Group and Social Media Practice pointed to a new Altimeter report that found that large companies have an average of 178 corporate-owned social media accounts. In 2012, he said, they will consolidate and coordinate better–which involves, of course, aggregating efforts via smart tools (e.g., Buddy Press).

4. Social media reaches maturation. Horowitz pointed to Forrester’s just-released research on social media adoption that found that 86 percent of adults who use the Internet use social media.

5. The press release is dead. Okay, Rick Dunham, Washington Bureau Chief of the Houston Chronicle and chief author of the Texas on the Potomac blog, didn’t really say this. But he did say that he’s relying more and more on Twitter search and other social media to discover trending stories and breaking news–and to get ideas for news stories–and not so much on press releases.

Plus two trends from my remarks:

6. Mobile has arrived. eMarketer estimates that there will be 113.9 million mobile Internet users in 2012–an increase of 17.1 percent from 2011. This includes 72.8 million mobile shoppers and 37.5 million mobile buyers. This means that every business–large and small–needs to have a mobile strategy.

7. “Find-ability” will be more important than ever. With Google rolling out “Search Plus Your World,” having a solid content marketing strategy (and quality content) will be more important than ever. Businesses that are still relying on static, corporate-brochure-type Web sites will be left in the dust.

Bonus Trend: Platforms. I just read Phil Simon’s The Age of the Platform (review coming soon), and I haven’t really had a chance to sit down and think through how small businesses will be able to take advantage of what he calls “extremely valuable and powerful ecosystems” (think Amazon or Apple) that allow you to scale, morph, and bring in partners, users, vendors, and so forth. While the business concept may not be new, technology has made doing this very different. I think Simon’s on to something. This is one emerging trend to watch.

Agree with these trends? Disagree? Think something’s being over-hyped? Please weigh in below.

Photo courtesy of Capitol Communicator.

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Why Groupon’s Founders Are On the Way Out

by Daria Steigman on November 8, 2011

business, entrepreneurship, Groupon, Independent Thinking

Groupon went public on Friday, and it was reported to be the largest IPO since Google. I don’t get it.

The founders took $900 million in cash from the company before it went public. Which suggests they think the company is overvalued (and they want their money while it’s there) or they don’t plan to stick around to find out. Either way, it’s not a vote of confidence.

There was a long, fascinating article in Business Insider last week that looks at the history of Groupon. It’s a tale of start-up woes and poor management, a revolving door for top talent, out-of-control sales commissions, and spurning an offer from Google reportedly out of fears that the deal would be rejected by the SEC on anti-trust grounds.

Here’s a sample:

[CEO Andrew Mason] can’t hang on to a COO. The SEC  is asking questions. Industry executives are calling him a ponzi schemer. Early employees are demanding six-figure pay for 9 to 5 hours. One even filed a lawsuit. Merchant customers are screaming. And Mason and his board, having helped themselves to $900 million of cash that could have gone to the company, are are now being blasted for incompetence and greed.

It’s a cautionary tale about rapid growth (and entrepreneurs reading their own press clips). Take a few minutes and dive in. Then I’d love to hear your takeaways.

Photo by Dan4th Nicholas (Flickr). 

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Is Groupon the Next Lycos?

by Daria Steigman on October 28, 2011

Groupon, Lycos, Mistaking First for Innovative, Independent ThinkingLycos used to be a big deal.

Lycos was one of the first ad-supported search engines. It completed one of the fastest IPOs in history. It was one of the first profitable Internet companies. And it barely exists today.

Look at the home page, and you see a flashback to the old Web.

Lycos developed a model, then other companies came into the space. They did it better. They saw opportunities. They innovated.

Which brings us to Groupon, which has been hemorrhaging for months.

Groupon’s founders never understood that the $6 billion offer from Google was never about Groupon’s business value. It was about buying an infrastructure that Google could build out.

Being the first on your block to do something doesn’t make you special. Or gifted. Or the best. It just makes you first.

What do you think: Is Groupon the next Lycos?

Photo by blathlean (Flickr).

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What’s Wrong With Being Second?

by Daria Steigman on July 26, 2011

Business, Google, Carl Lewis, Michael Phelps, Paula Radcliffe, Independent Thinking, Steigman CommunicationsWhat’s wrong with being second?

Americans (and probably others too) are obsessed with winning. As though being second, third, or fourth were unacceptable.

Two sports reporters were debating recently whether the USA women’s soccer team was a failure because it lost the World Cup final. Never mind that lots of teams would probably have been very happy to have played in the quarterfinals, let alone in the semis or the final.

  • Is Google a failure because Ask got into the search market first?
  • Is Avis a failure because Hertz is #1?
  • Is your business a failure if you’re not listed in the Dow Jones?
  • Should you shut down your blog because you don’t have 50+ comments per post or rank on the AdAge Power 150?

Of course not.

In sports, you have PRs.

You pesonal record is about being your best, not competing against Paula Radcliffe, Carl Lewis, or Michael Phelps.

Business is no different. You need to be #1 in your business—not against someone else’s yardstick.

Are you setting the right goals?

Photo by Pink Moose (Flickr).

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Why Google+ Circles Matter

by Daria Steigman on July 21, 2011

Google Plus, circles, LinkedIn, Facebook, social media, Independent Thinking, Steigman CommunicationsIf you’re read anything about Google+, the company’s latest foray into the social realm, then you’ve probably heard about Circles. Here’s my early take, which I shared via a LinkedIn answer on the topic the other day:

From my initial view of Google+, Circles are what Facebook needs but doesn’t have: a way to share based on real life versus the digital world.

You can create as many circles as you want–and share information across Google+ in multiple ways (public, or with one or more circles). As a result, this is the first platform that starts out with the premise that all people aren’t equal. So, for example, you might want to share an article that’s about politics with your family, a not-suitable-for-work cartoon with friends, and a great article about finance with your colleagues. I have, for example, set up a couple of broad categories around business/small business and communications/marketing. I can see people setting up circles around friends, colleagues, intramural sports teammates, book club members, etc., over time.

As someone who thinks that the private realm doesn’t belong online, I’m unlikely to share ANYTHING that I’m not comfortable with everyone seeing. But I think Google has been thinking about how people share. If they have any ambition of being “the next Facebook” (note: I’m not sure Facebook is going anywhere soon), being able to easily create “share” categories is a good first step.

Personally, I think Circles is just one of the interesting elements of what Google is doing with Google+.

Have you set up Circles yet? What do you think?

I actually have 6 business reasons I think you should watch Google+.

Sign up for my latest newsletter (sign up form in sidebar–or click through here if you’re reading this in RSS) to read my 6 reasons to watch Google+. As a bonus, I have five beta invitations to Google+ to give away to the first five people who sign up for the newsletter and then e-mail me your Gmail address and tell me why you want to test out Google+. (You have to have a Gmail account to use Google+.)

Photo by J Ronald Lee (Flickr). 

Have you signed up to receive the Independent Thinking newsletter? Now’s the time! Once a month I’ll send you exclusive, subscriber-only content highlighting interesting articles I’ve found, as well as tips on marketing, social media, and how to grow your business. Sign up today!

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