Category: Marketing as Service

Build a Better Brand Narrative and Create Apps People Actually Want to Use

Posted on by admin

Becoming a great B2B company starts with one thing: creating a better brand narrative. The story you tell about your brand is the driving force behind every action your team takes. An influential brand narrative inspires quality product design and links every team member to your common values and goals.

Throughout this episode of Renegade Thinkers Unite, Drew and Barry discuss why marketers need to go out and be the face of the company through making sales and speaking with customers. Barry also shares his best tips for creating apps people ACTUALLY want to use. You can learn from his clear insights that break down app design into a few easy ideas.

Click here to learn how to create the brand narrative you’ve always wanted.

What You’ll Learn

Professionals should do these 3 things in the B2B marketing industry

B2B marketers do more than create content to be shared. The best professionals break out of the marketing mold regularly and become salespersons for the day. By going out and talking to prospects, understanding their problems, and making sales they are better equipped to create campaigns that target the heart of a prospect.

Barry explains that marketing professionals should also do these 3 main tasks in order to best serve the company:

  1. Develop the “why change” and “why change now” stories
  2. Express and condense the brand narrative into 2-3 sentences that can be repeated by every team member
  3. Create authentic content that backs up the brand narrative

Here’s how to build a better brand narrative for your company

Drafting a better brand narrative goes beyond restating the company’s mission. A truly great narrative paints a picture to the customer that resonates deeply with their problems and need for solutions. Writing a better brand narrative becomes a process of deconstructing and reconstructing your company’s mission, values, core principles, and positioning. Barry explains this process in full detail on this episode. It’s not an easy road, but it’s one that 100% worth it.

Your app shouldn’t be just a mobile website – give it a job to do and problem to solve

Barry explains the 3 main types of apps: those used to waste time, those used to connect people together, and those used to save time. The entire idea behind productivity-based apps is to minimize the amount of time a user spends on the app itself. If you understand the fundamental reason behind WHY people need your app, you can use those insights to design a better, more efficient user experience. And remember, not everything should be about marketing within your app!

To hear more about why user-first app design is so important, and even more details behind authentic brand narratives, be sure to give this episode your full attention.

Timeline

  • [1:20] Barry’s Renegade Rapid Fire segment, and why marketers need to become salespeople
  • [15:20] Could machines take over a creative marketer’s job?
  • [18:35] Constructing a great narrative for your company
  • [25:57] Professionals do these 3 things in the B2B marketing industry
  • [32:40] Barry’s best advice for creating apps that people ACTUALLY want to use
  • [38:42] Barry’s #1 tip for designing great apps

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Resources & People Mentioned

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CMO Insights: How Rebranding is Done

Posted on by Drew Neisser

Reinventing your brand is a lot harder than it sounds. Legacy perceptions, perhaps one’s that you worked for years to engender, are extremely hard to dispel.  Xerox spent years trying to convince us they weren’t just a copier company with modest success. Then there’s the need to get both management and employee buy-in which can be as hard as changing customer perceptions.  For example, Kodak management and employees never really adjusted to the digital era and its last minute efforts to reinvent came to naught.

One of the most dramatic ways to signify reinvention is through a name change since it risks resetting brand equity at zero.  Which brings me to my conversation with Michael Mendenhall, CMO of Flex.  Formerly known as Flextronics, Mendenhall and the leadership team recognized that customer perceptions did not align with what the company actually did and where it wanted to go SO they decided to drop “tronics” from their name, thus marking a clear transition from the old to the new.  It was hardly as simple as that so read on to learn just how effective this reinvention really was and why Mendenhall was recognized with the Growth Award by The CMO Club.

Drew: Can you start off by telling me what Flex does?

Michael: We design, innovate, and engineer smart products for the connected world.

Drew: How does digital marketing fit into that, and what were some of the digital initiatives you have focused on in the past year?

Michael: Well, it wasn’t just digital as an initiative that we accomplished this year. When I came to Flex over a year ago, this was a company that was transforming itself based on market demand. We started out 40 years ago in contract manufacturing, moved into electronics, and then evolved into a supply chain solutions company. The last four to five years, the company added a great deal of capability around design, innovation, engineering, and software solutions filling out the entire portfolio of products and services for companies who would want to commercialize products. We would provide them with the sketch-to-scale solutions, no matter if you were a small startup with an idea or you were a Fortune 10 company.

Drew: How did your team go about changing the marketplace’s understanding of Flex and the services it provided?

Michael: It was our goal to rebuild the corporate strategy of the company, evaluate the existing assets and capabilities and then ask ourselves, “What do we offer the marketplace and what is that the addressable market for our products and services?” The name of the company was adding to some of the confusion relative to our customer value proposition. The market thought we were electronic manufacturers or contract manufacturers. In fact, we weren’t. We were a very flexible, adaptive company that could commercialize your product from a sketch on a napkin, all the way up to full-scale global distribution, as well as logistics. So we decided strategically to drop the “tronics” from the name to reposition that brand against that new strategy. After changing the name, we then proceeded to recalibrate the brand, developing a new mission-vision-value proposition for the company.

Drew: Can you expand on how you modified Flex’s brand architecture and built on the brand identity?

Michael: We built out a strategy around a couple major pillars. One was corporate communications, which included strategic communications, financial communications, and analyst relations for the company. We aligned the communication architecture to the brand and corporate strategy of the company. This allowed us to build the mechanics in marketing around digital marketing, communication, brand, global citizenship, CSER and really go after what was going to drive customer and shareholder value.

Drew: What were the effects of the newly implemented strategies?  

Michael: The effect all of that had was pretty extraordinary. In the first six months after we had repositioned the company and launched the new brand and communication, we had already added 44 percent value to the share price. That wasn’t just from revenue growth, there was a great deal of that that was attributed to the strategic repositioning of the company, the new brand and the new communication architecture for the company. We also wound up bringing in a lot of new customers, both small startups and large enterprises. We’ve had great margin growth in the company based on this, all ending with a really terrific one-year shareholder price and return to the shareholders.

Drew: Wow, that’s a herculean effort doing all of that in a relatively short period of time. As you’re reaching new markets with a brand name that was unheard of, it must have been particularly difficult trying to get some credibility in the market.

Michael: We had existing relationships with VCs and private equity firms who knew our company well. They would continue to espouse our experience, knowledge, credibility and experience sending any software or hardware companies needing help in designing, engineering prototyping and production. We have extraordinary amounts of cumulative experience that could help brands eliminate startup mistakes, giving them velocity to market with quality and reliability. We focused on the brand reputation, not as much the equity and influenced the relations relative to those key stakeholder groups. We spent time building that capability in addressing those initiatives that then would move the reputation of the company. That was the part of the success, using all levers including digital marketing.

Drew: Do you see a big difference between B2B and B2C marketing?

Michael: I’ve always been quite frustrated with how companies, who are B2B, they generally believe they need to have to have a certain business tone and vernacular in approaching there market. Content in B2B is is incredibly important whether short form or long form, whether it’s a soundbite or a two-hour documentary. The narrative should be told in an approachable and easily digestible way. Not speaking over or under the audience. Simple, easy and quick. The channels then become important in whether you’re passive, active, engaged, etc. So for us, I always believe that you must have EQ in the narrative. After all we are all consumers at the end of the day.

Drew: It seems as though many marketers are experiencing a renewed interest in storytelling. Is this one of your focuses at Flex?  

Michael: For me, there is an emotion in decision-making, and a level of engagement that supports storytelling. Within storytelling, we follow a certain pattern of lead generation, lead nurturing, conversion etc. I wanted to build an approachable brand. We are in multiple industries and it could become very complex and sophisticated very quickly. We have to be approachable, yet understandable, and simple in how we appeal to the market. The narrative of you brand is incredibly important. It needs attention, discipline and focus.

Drew: What is the story you wanted to tell and how did you tell it?

Michael: We talked about thought leadership, as Flex is an influencer and thought leader in the space. That involved shaping those scenes and stories, and deciding how we would tell them. We then set out to look at the means by which we would produce the content. One of those was a magazine called Intelligence. We went after the intelligent, smart data, and the idea that product will move from using connectivity for operability to optimization and predictability. That becomes incredibly important because then you start to realize that your products are actually going to tart optimizing themselves and giving you new data points as a marketer. The magazine is basically an industry magazine for the intelligence of things. We curate content from some of the world’s best in their field; they write for us based on topics we believe would be interesting for people that are working on smart connected products. Every Company is a media company. Content is still king.

Drew: What do you think is the biggest lesson here for marketers?

Michael: I believe the biggest lesson for marketers is to remember that storytelling is still very important. No matter if it’s short form or long form, as marketers we have to pay special attention to the art of storytelling. We have to be highly disciplined and focused on that, and be able to tell stories in an approachable way, especially if you are B2B.

An Inside Look at Dell’s Influencer Program

Posted on by Drew Neisser

konnieIn the last few years, a number of brands have realized that to earning the trust of consumers isn’t something they’ll be able to accomplish on their own. The reality is that people trust people more than brands, which explains the emergence of influencer marketing. Instead of going straight to their target market, brands are now looking to a chosen few individuals to augment their message and promote their products. Influencer marketing programs have stepped boldly onto the scene and have set up shop in B2C and B2B environments.

In my book The CMO’s Periodic Table, I interviewed former IBM VP of Marketing and the architect of their B2B influencer program, Tami Cannizzaro. In Tami’s words, the point of such programs is to connect with notable people in the target industry and “make these people part of your overall strategy, treat them like VIPs and give them insider access to your strategy or brand.” Influencers get a seat at your company’s table, and become the voice of your brand for the thousands of people who consume their content.

During the Incite Group’s Corporate Social Media Summit, I had the pleasure of continuing this conversation with Konnie Alex Brown who specifically oversees Dell’s influencer relations. I talked to Konnie about the skills and strategies she deploys to make sure Dell’s influencer campaigns are mutually beneficial for the company and the influencer. Speaking with her not only gave me an in-depth look at the inner workings of a brand/ influencer partnership, it further proved the value that such relationships bring to both the brand and the influencer.

Drew: You’ve been at Dell for +9 years. Talk to me a bit about how your various jobs at Dell set you up for our current one and the skills you need to succeed at running social influencer relations?

Konnie: My experience leading corporate and executive sales and technology communications at Dell have had a foundational role in preparing me to design corporate social influencer programs that reflect Dell’s customer focus, business priorities and long-term strategic vision. Understanding a company’s history and being plugged in to the right news streams and networks within a company of Dell’s size is fundamental in building a social influencer program that creates value for the business, as well as for the social influencer. Understanding the dynamic and nuances of shared value creation is indispensable to be successful in a business-to-business environment.

Drew: Can you give a specific example of an influencer you are working with? How did decide on this individual and what did the program look like?

Konnie: Sure, Drew. I have recently developed a blue print for working with a social influencer focused on Dell’s IoT solutions. This particular B2B example is exciting as it describes the path and evolution of the relationship leading to tangible ROI for Dell and for the influencer and, very important, it is repeatable. This case study also clearly shows the need for company internal collaboration across teams to achieve maximum value. It is important to note that this process will take time and dedication just like any initiative that involves building trust-based, human relationships. Think of it as ‘dating’ where the brand (but really a human representative of the brand) and the social influencer get to know each other.

Take a look at the blueprint for building a relationship based on increasingly more information sharing and trust building via carefully chosen and designed touch points.

konnie2

Let’s start at the beginning. Following the identification and pre “first date” vetting of the social influencer, we begin with building the relationship by inviting him or her to a first meeting, ideally an event where both parties can find out about goals, capabilities and business priorities. Over the course of additional touch points, designed to uncover the value for the brand and the influencer, the evaluation to deepen and nurture the relationship (think months, not days) can be made. Once a mutual level of trust has been established, the depth of information sharing and authentic, mutual endorsement can take place without compromising the influencer’s independence of voice. It is also important to note that there will be ongoing assessment of the relationship’s value – from both sides.

Drew: What does Dell hope to get out of the relationship? How do you measure success? (feel free to share how long it can take)

Konnie: Great question, Drew. Let’s talk about the mutual value that a long-term, trust-based relationship creates for the Dell brand and the influencer. Dell seeks to help the influencer understand our purpose, customer commitment and value proposition by sharing our strategy, technology POVs and details about current and future plans to meet and anticipate customer business needs. The value for Dell clearly lies in expanding our audience each to raise awareness and educate the social influencer’s audience about the Dell value proposition in an authentic way for future consideration and action. We constantly monitor the value of the content in terms of frequency, authenticity, subject matter expertise, preserved independence of opinion, social engagement and reach as well as dynamics, such as leadership and interactivity, at in-person events.

Drew: Let’s talk about the value exchange here. What’s in it for the influencer and how do make sure that persons is getting what they want out of the relationship?

Konnie: The value of the relationship for the influencer resides in several areas and may vary dependent on the influencer’s particular goals. In general, however, the value resides in gaining insights into Dell’s technology strategy, particular POVs, future plans as well as access to customers and partners of Dell. This information access allows the influencer to deliver insightful, trust-worthy content to his or her audience and, with that, increase his audience, trusted status among them and his or her relevance in the industry.

Drew: How important is it that you personally have relationships with the influencers? Is this something you can outsource and if not, why not?

Konnie: Dell’s social influencer programs are built on the premise that relationships are owned, maintained and nurtured by Dell via frequent virtual touch points and white glove experiences via in-person meetings or events throughout the year. To answer your question, Dell’s point of view is that these relationships, due to their long-term, trust and value-based nature, cannot be outsourced. Aspects of social influencer identification, logistics and measuring processes, however, can well be handled by an agency.

CMO Insights: Programmatic Marketing

Posted on by Drew Neisser

Rachel_Meranus

Embracing change has never been an issue for me.  Hopefully, other marketers feel the same  because marketing is about to change in a fundamental way.  The dream of putting the right message in front of the right person at the right time is about to be realized on a massive scale.  This is the 1:1 marketing idea that Don Peppers & Martha Rogers wrote about 18 years ago finally coming true.  Why am I so confident?

First, “addressable TV” is right around the corner and this means our set-top boxes will no longer be dumb terminals. Instead these devices will be smart, feeding our preferences back to broadcasters who in turn will aggregate and sell our “eyeballs” to the highest and most relevant bidder.  This is not just good for marketers.  It will also be good for consumers in that we would no longer see irrelevant ads–for me, that means no more ads for feminine hygiene or baby products when an ad for a paddle tennis racquet or a new off-Broadway show would actually be relevant.

Second, outdoor is about to become smart as digital displays receive information about us (with our permission of course!) via bluetooth or Wifi and therefore can serve relevant messages in a flash.  Third, retailers use of beacons will enable our mobile devices to receive personalized messages again on a permission basis in real-time inside or outside of their stores.  And finally, the ultimate reason you can trust this prediction is that this sort of highly targeted real-time messaging is already happening online and on our mobile devices!

Ultimately, behind all of this wizardry will be a marketing operating system like the one developed a few years ago by MediaMath, a leader in what is currently called “programmatic” marketing.  These operating systems will enable marketers to tie just about every penny of their ad spending to measurable outcomes, the ultimate dream of our soon to be transformed industry. So it is in this lofty context that I encourage you to read my extensive interview with Rachel Meranus, SVP of Marketing for MediaMath.

Drew: Can you talk a little bit about MediaMath and your growth in the last few years?
We’ve come a long way since we made industry headlines when we introduced the first demand-side platform (DSP) in 2007.  Today, we’re one of the leading change agents in the advertising industry, helping the biggest brands and agencies evolve through programmatic buying and maximize their marketing performance and ROI.  We are on the path of making marketing a software function and continuing to innovate in the industry by adding capabilities to our TerminalOne Marketing Operating System.  For example, we recently introduced closed-loop attribution functionality, in which T1 ingests attribution data to optimize the bidding and decisioning, enabling advertisers to realize the full benefits of advanced attribution in an RTB environment, and automated guaranteed deals to facilitate automated media buys that are traditionally done directly with a publisher.  We are currently developing our propriety cookieless cross-device targeting and measurement solution, and continually enhancing our data management, creative optimization, and analytics offering.

In addition to growing the scope of our technology, we are experiencing incredible human capital growth – more than doubling our number of employees in the past year and on track to do the same this year.  In June, we raised more than $175 million in additional funding; funding that will support our rapid global growth. We have put experts on the ground around the world with our recent office openings in Australia, Brazil, France, Japan, and Singapore, and in 2015, MediaMath will relocate its New York City headquarters to more than 100,000 square feet spanning three floors of the new 4 World Trade Center.

Drew: Can you give an example of a client that is doing amazing things with programmatic? 
Many of our clients – both agencies and brands – are seeing success with programmatic tactics, leveraging geo-targeting, look-alike modeling, and even building proprietary models to identify new prospects through TerminalOne.  One example of a client that is accelerating their programmatic efforts is ShopStyle by PopSugar, the social shopping and fashion website.  They were looking to leverage programmatic media to create scalable return on ad spend, with a focus on campaigns in both the middle and lower funnels.  Using our TerminalOne Marketing Operating System and working with our OPEN partner AddThis, ShopStyle was able to create more robust and scalable profiles based on user data and implement more granular targeting around behavior and contextual variables.  Additionally, utilizing FBX, ShopStyle by PopSugar was also able to expand its retargeting pool and tactics beyond traditional display.

Drew: The big media buying agencies are all over programmatic and have been for a while now.  This doesn’t seem to be case with most brands and their CMOs. Why the understanding gap and why do you think it is so important that CMOs understand the power of programmatic?
We see quite a range when it comes to a CMO’s understanding and level of sophistication with the technology.  Some jump right in and get their hands dirty. Others are treading lightly on unfamiliar territory.

Traditionally, agencies had more exposure to the ins and outs of digital media buying, but for many brands and their CMOs, they haven’t had this much control over or transparency into their digital media buying.  There is still a lot of confusion about how the technology works, but it’s critical for CMOs to understand the power of programmatic, especially when more marketing dollars are shifting to digital.

With a central marketing operating system, CMOs gain the visibility into how their money is being spent, the impact of their media buying decisions, and the ability to identify real-time opportunities with their audiences.  Furthermore, the more CMOs embrace programmatic – within their own brands or together with their agency partner – the greater opportunity they will have deploying first-party data, integrating with internal systems, and normalizing marketing across disparate media types for greater performance.

Drew: MediaMath has made a concerted effort to engage CMOs through your partnership with The CMO Club. Can you talk about your approach to this partnership?
The value of our partnership with The CMO Club is two-fold.  Firstly, we are able to learn, first-hand, from CMOs across a variety of industry verticals what is keeping them up at night.  We are able to be on the pulse of the major challenges that CMOs face, what they view as the biggest opportunities, and how they’re building out their organizations to keep up with the evolution of digital.

Secondly, the CMO Club gives us tremendous exposure to an engaged, interested audience of CMOs, allowing us to educate and inform them on programmatic marketing, which is where our expertise lies.  We’re helping them to understand how our technology applies to their broader goals and addressing the challenges that they face on a daily basis.

Drew: What’s the hardest part of trying to engage CMOs and what kinds of things are you doing to cut through?
When it comes to engaging CMOs, we look to explain why programmatic should be the basis of any digital marketing strategy and have the lion’s share of digital budgets.  This requires us to explain how the technology fits into their stack, the new or different skillsets that are needed, and the ideal team structure that should be put in place to fully take advantage of a central operating system.

However, there are steps that we’re taking to help educate CMOs about the opportunities, what they can do to maximize the return on investment in the short term – from their current digital efforts, as well as what they can put in place for the longer term.  We’re educating them through tailored content, which varies depending on their level of experience with and understanding of programmatic, case studies, and interactive training sessions.

Another way that we’re doing that is by working with brands’ agency partners who bring trading best practices, cutting-edge tools, pooled media buying, and data co-ops into the relationship.  Programmatic technology creates new roles for agencies in which they are able to leverage proprietary modeling and optimization approaches and data-driven creative services, among others.  This benefits the client outcome and that’s what has led to more CMOs having a greater interest in and understanding of programmatic.

Drew: As a B2B brand, what role does social media play in your marketing mix? 
Social media is an important part of our marketing mix, which we use to raise brand awareness, identify influencers, and engage brand advocates in a competitive space.  As a B2B brand, LinkedIn is particularly beneficial to engage influencers, seed our messages in specialized groups, and participate in timely and topical conversations.  Furthermore, as social channels expand their programmatic capabilities, we are able to leverage our partnerships with them.  For example, we use TerminalOne’s decisioning engine and data sources to power campaigns on Facebook and engage target tailored audiences on Twitter.  For these channels, we regularly leverage our original content – blog posts and research – and news to spark conversations that can generate new leads.

Drew: MediaMath recently unveiled new positioning. Talk me through what led you to make this change and some of the challenges you faced along the way.
The industry has been moving at such a quick pace, with new players emerging seemingly every day.  The industry has reached a level of sophistication in their understanding of technology and is recognizing that a complex chart of logos to represent today’s online advertising ecosystem isn’t the answer to their need for scalable marketing.  Rather, they are realizing that it’s achievable through technological unification and a flexible, open platform. Our new brand message, ‘Performance Reimagined. Marketing Reengineered,’ epitomizes both our goal-based approach to drive transformative marketing results, as well as the technology platform that powers it.

Drew: What advice would you offer a fellow marketer who was about to consider a rebranding campaign?
Evolution is inevitable, especially in the fast-changing world of digital marketing.  Therefore, when it comes to a rebranding campaign, there are a few essential steps to consider before diving in, including the need to:

  • Gauge market readiness for change and have a clear understanding of how your brand is perceived in market.  This requires research and due diligence with a brand’s key stakeholders – current employees, clients, prospects, and industry influencers, as well as having a pulse on the competition.
  • Have a clear, concise mission statement to which everything you do as part of the rebranding maps.
  • Know how this change will impact your company and prepare communication plans – internal and external – that also include a roadmap for what will happen post launch.
  •  Manage expectations.  Shifting perceptions and seeding a market with a new message takes time.
  • Agree upon the metrics by which you evaluate success on an ongoing basis and establish a feedback loop to capture reactions to the effort, including the accuracy of your mission statement.

Drew: Given that MediaMath operates in a relatively new field, do you think bringing greater awareness to the field itself is just as important as marketing MediaMath?
We do and it’s the reason why we are so bullish on our educational initiatives.  We introduced our educational arm, the New Marketing Institute (NMI), in 2012.  It’s an extension of our mission to educate, empower, and engage a new generation of digital marketing professionals, providing an educational platform and different levels of certification.  NMI’s team meets with these professionals where they are and brings our best-in-class onboarding process to them – best practices, access to a central repository of knowledge, and an understanding of the digital marketing technology in which their employers have invested.

We also recommend marketers visit our OPEN portal, which includes a Partner Marketplace, enabling them to gain clarity around the vast number of data, media and technology providers that comprise the ecosystem.  By understanding the value proposition and differentiators among partners, they are armed with the information and tools to make more informed buying decisions.

Drew: Your product is really good at helping brands track performance of their marketing dollars. How do you measure your own marketing success?
We measure our marketing success based on a number of factors, including leads generated, opportunities that can be mapped back to specific efforts, engagement with our original content (blog posts and research), how our messages resonate across social channels, and, of course, revenue.

Disclosure: I’m proud to note that Renegade created the “Train Your Brain” CMO engagement program for MediaMath. 

The New Curators (of Content)

Posted on by Drew Neisser

How Thrillist, PSFK and start-up iFlow are capitalizing on the accelerating need for content curation. (This article first appeared on FastCompany.com)
Barring the invention of a “time turner” like the one Hermione Granger sported in 3rd Harry Potter novel, most of us will never have enough time to consume the information we might otherwise want to absorb.  There’s simply too much info and too few waking hours.  Enter the notion of curation, a relatively new term that is not unlike the editor of old, a trusted person or organization that filters information and aggregates it in an organized fashion for others to enjoy.

According to Steve Rosenbaum, author of Curation Nation, “curation is the new way of organizing the web going forward.”  And no doubt he’s right.  Curious about why new curators like Thrillist and PSFK were thriving while the traditional publishing world floundered, I spent some time with their respective founders, Ben Lerer and Piers Fawkes.  These conversations plus one with Eric Alterman, the founder of a new curation engine called iFlow, revealed four insights that could help you too capitalize on the curation phenomenon.

You can’t curate for everyone, so be targeted
In Brian Solis’s recent tribute on FastCompany.com to Rosenbaum’s book, Solis noted, “the social capital of a curator is earned through qualifying, filtering, and refining relevant content.”  The key words here being filtering and relevance, something that Thrillist with its focus on urban males 22-30 has done exceptionally well.  Explained Lerer, “we’ve zoned in on a niche group that was previously starved for the kind of information we deliver.”

Thrillist, for the uninitiated, started in 2005 with a newsletter to 600 New Yorkers and is now in 18 markets with 2.5 million subscribers.  Added Lerer, “our voice is extremely targeted to a very specific part of the male demographic.”  Lerer and his fellow curators of newish nightlife have built a highly profitable business during a time when traditional publishing tanked. This was done, according to Lerer, “by zoning in on a small sector of the population and speaking to them in a voice that they trust.”

It’s not curation without a well-defined focus
The New York Times famous line “All the news that’s fit to print,” made sense when newspapers were the primary source of daily information.  Now it seems more like a potential epitaph, as newspaper readership plummets in the face of more focused web-based alternatives. One of the up and coming alternatives is PFSK, which founder Fawkes described as “the go to source for new ideas for creative professionals.”

Founded in 2004, PSFK has grown from a trend-spotting website to a hybrid company that publishes content, creates events and provides consulting services to clients like Nike, Target and BMW.  When asked if PSFK was in the curation business, Fawkes affirmed, “yes, our job is to find new ideas and we present them up to 50 times a day.”  Reflecting on their focused approach, Fawkes added, “every month a million designers, ad folks, digital entrepreneurs and media mavens get inspired by our content.”

If the curation is good enough, it will [almost] market itself
In the new world of curation, “information becomes currency and the ability to repackage something of interest as compelling, consumable and also [as a] sharable social object is an art,” wrote Brian Solis. This perhaps is the fundamental difference between the old world newspaper and the new world of curators.  New world curators can connect and engage with other curators, helping to disseminate information quickly and at little to no cost.

Ben Lerer of Thrillist recalled taking this approach out of necessity since, “one of the stipulations with the money we raised was that we couldn’t spend any of it on marketing.”  “So we focused all our energy on building something that people actually liked and would want to pass along to their friends,” explained Lerer.  By “putting content first and making sure its written for the guy reading it,” Lerer and his team developed a loyal audience that in turn shared the content and or acted upon it demonstrating they too were in the know.

Human curators beat the algorithms
No matter how you many words you type into Google, you’re not going to find a recommendation you trust without clicking deep into another site.  On the other hand, a quick visit to Thrillist and PSFK provides recommendations and ideas that are trustworthy without fail. When discussing the shortcomings of algorithmic curation, serial entrepreneur Eric Alterman explained, “only human curation can deliver real time content… that consumers are actually seeking.”

Seeing an opportunity in the limitations of algorithmic curation combined with the overwhelming flow of content generated via social media, Alterman is just about to launch a new curation platform called iFlow.  Alterman believes that iFlow will address the problem of information overload, enabling “efficient curation into highly contextual aggregate streams [that] include all content types.” Given Alterman’s track record of turning ideas into successful companies like KickApps, his hope “to bring the art of content creation to the widest possible audience,” is anything but a pipe dream.

Final Note:
While admittedly I’m no longer in Thrillist’s demographic, I became a fan in ‘08 when one of my clients wanted to connect with their readers.  Seeing Lerer’s presentation at a recent PSFK event, I was simply blown away by their success in three short years.  It was the quality of the presenters at this conference that got me thinking about curation and led to my conversations with Lerer, Fawkes and Alterman (see their respective interviews on TheDrewBlog.com).