India’s largest Media Company = Meta?

India’s largest Media Company = Meta? 

Playbook: 

Social Network -> Attention -> UGC -> Monetisation -> Media Co

👉Social Network

#Facebook started with a bid to join friends with their life updates. 

Gained traction with WOM and soon network effect took off.

👉Attention

It’s easy to lose interest, it kept adding and improving features to keep users hooked. 

-From notifications to apps to news to videos.

-From scrolling right via stories to scrolling up via reels.

With times, bought other apps like Instagram, WhatsApp to remain the largest attention grabbing network globally.

👉UGC/Monetization

To solve content shortage, it educated, promoted and incentivised general users to create content, the biggest differentiator vs media companies like Sony, Zee, Star. 

👉Media

Both Meta and #Google with an unending stream of UGC for user stickiness; are in Top 5 media companies in India today by revenues.

Attention of masses is the biggest asset on this planet!

What will you add in the playbook??

#media #socialmedia 

———-++++++

I write regularly on marketing/consumer trends and habits/productivity tips. Follow #Runningmarketer

OOH still relevant in 2022?

OOH still relevant in 2022? Just 5-10% media share??

Globally OOH or Out of Home advertising declined during pandemic, but is expected to grow at single digits in coming years.

 Its contribution is under 5% (~36bn/~800bn USD) to total global ad spend.

In india, its share is ~10-12% being a developing economy (with still good chunk of traditional media). 

However, few points make OOH relevant in today's digital times too -

👉With increasing digital fatigue and lower number of billboards on road (esp in india, the number has been pruned by govt), it is more relevant/less cluttered for consumers post pandemic.

👉Imo, OOH can magically bring alive a product's core in a grander way out in open. 

👉If done with an objective to integrate the brand core to marry physical spaces, it can convey the product value proposition like no other medium.

Here are some such magical ones in the deck! Check them out.

Do you recall any outdoors ad that was simply magical?

#ooh #advertising #marketing #media

-------++++++

I write regularly on topics linked to marketing/consumer and habits/productivity. 

Follow #RunningMarketer 

Hope is a losing strategy in times of layoffs!

Hope is a losing strategy in today's times!

Hope is the oxygen for life. Hope enables us for the state that 'end of the hardships is near. Tomorrow is the dawn.'

But with longer periods of dusk, it starts becoming like a joke and breaks us.

Resilient people on the other hand combat tough times better, says an #HBR research. They essentially do 2 things -

👉They accept the harsh realities facing them.

Instead of denial, take a sober view of reality. You’ll prepare & train yourself to survive, assuming long winters.

☝️Admiral Stockdale was held prisoner in camps and tortured by the Vietcong, but survived 8 years in part by accepting he could be held for a long time. Vs  those died being broken hearts thinking they will be out this christmas, easter..

👉They find meaning in terrible times & develop alternate goals.

Don't view yourself as a victim to cry, “Why me?”

Rather, devise constructs about your suffering to create meaning for yourself & others.

✌️Nazi Camps survivor Victor Frankl did so by imagining himself giving a lecture after the war on the psychology of the surviving camp to help outsiders understand what he had been through.

By creating meaningful alternate goals for himself, he rose above the sufferings of the moment. You can read more in his book, 'Man's search for meaning'.

What advice would you add for such times?

#life #jobs #layoffs

Podcasts? Branded?

Branded Podcasts? A good channel or a fad?

Facts -
- India is world’s third largest country by podcast listeners ( After Us and China)
- ~60-75 m MAU #podcast listeners in India (~12% of digital India)
-It is under 1% of digital spends in the country.

Is the medium significant?
Not yet, but it’s accelerating. You now find podcasts on every audio streaming app - Spotify, Gaana, Prime Music and so on. Audible too. Google and Apple podcasts are abviously there.

However, it’s creators or influencers that are leveraging thier already huge following on social media on podcasts.

Coming to branded podcasts.

With more story driven #D2C brands in India, there is a genuine following of person driven brands (mostly founders) leading to a strong community.

#Community driven brands will excel at podcasts imo. They have genuine proposition or evolution story to tell and listen to. The medium also help connect users to brands closely with straight QnA or co-opting in the journey without spends on expensive video content.

‘Do what floats your boat’ by Boat, ‘The gentleman’s show’ by The Man Co are some of the branded podcasts available in India.

However, Till the Jio led cheap data is here, podcasts still is on backfoot vs video.

Which podcast is your favourite?
I like firstprinciples on spotify by Ken.

Pic credits - One of the most famous podcasts globally, Joe Rogan.

#marketing #content

--++++++

I write regularly on topics linked to marketing/consumer and habits/productivity. Follow #RunningMarketer on LinkedIn https://www.linkedin.com/in/nitinchandil

Hooks everywhere even in the titles! Dont judge a book by its cover is passe?

When Sh*t and F*ck make it to the best selling book titles?

From the likes of books like 7 habits of highly effictive people; we have come a long way. 

I guess diminishing attention spans and bombardment of messages with 24*7 always on mobile internet; we are just doing selective attention tasks.

We read the posts with 'hooked' titles. We watch the content that is byte sized. If it doesn't make a cut in the first few seconds, we swipe up. 

We check trending stuff on news, what's on right now.

Hook is everywhere.

And 'hook' claims that we 'save' effort (of wading through uninteresting stuff) by choosing the hook.

Essentially, its all about save time from slow stuff. 

Get instant outcomes.

Fast food, Crash course, YT Shorts, Book Summaries, Quick Commerce.

Are we in such rush to save on time?

Where are we using that saved time?

Think.

Actually that device that claims to save time has only sucked your time!!

More on that later.

#books #marketing #life 

---++++++

I write regularly on topics linked to marketing/consumer and habits/productivity. 

Follow #RunningMarketer on LinkedIn 

https://www.linkedin.com/in/nitinchandil

Starbucks - The Strategy Lesson

#starbucks  - The strategy Lesson.

Starbucks was founded in 1971 by 3 friends (not including Schultz), selling dark roasted coffee.

In 1981, Schultz joined the company and started his italian tour of studying the coffee bar culture there.

Schultz was awed by the grace and flair of Italian coffee bars, where expensive coffee was served in a relaxed social setting.

In contrast, coffee culture in US was comprised of cheap, bland coffee.

Post his trip, he made a hypothesis - The Italian espresso experience could be re-created in America and the public would embrace it.

He then started testing this by setting up the first espresso bar in seattle.

He realized that American preferred table chairs vs standing bars in Italy. He changed the furniture.

He realized that they wanted coffee on the move and not in fancy cups unlike italy. So he introduced paper cups.

And many more such variations while doing hypothesis testing and refining ideas basis results; its what it is today-

 An american original.

#Strategy is not just a static plan; its much closely knitted to the ground actions warranting perennial refinement and tweaks.

----++++++

I write regularly on topics linked to marketing/consumer and habits/productivity. 

Follow #RunningMarketer on LinkedIn 

https://www.linkedin.com/in/nitinchandil

To attain goals, Be an imposter of a new identity first!

40 days to 2023. 

Still want to achieve those goals?

Be an IMPOSTER!

We mostly begin the process of changing our habits by focusing on what we want to achieve. 

Outcomes. Goals.

- Weight loss

- Fab abs

- Startup

It fails because when you don't see results by following a system, we tune out.

Start with identity.

Why?

Our current behaviors are a reflection of our current identity.

To change your behavior for good, we need to start believing new things about ourselves.

Ask yourself, “Who is the type of person that could get the outcome I want?”

- A model

- An athlete

- An entrepreneur

At a deeper level, this is about defining new beliefs -

What do you want to stand for?

What are your principles and values? 

- I started with "I stand for anything 'health and fitness' in my friends & family circle."

Difficult part is, we ourselves are only not convinced. 

-I am NOT this person yet!

That's where, being an IMPOSTER helps.

When you masquerade, you have to start thinking and proving your new identity to yourself.

On how an athlete will think when offered a late night booze party? Ditch.

On how an entrepreneur will think when offered to be limited at job? Ditch & Start.

And one day you will BECOME.

Thats why i say, be an imposter.

#habit #career #job #runningmarketer

----------------

I write regularly on topics linked to marketing/consumer and habits/productivity. 

Follow #RunningMarketer on LinkedIn 

Monkeys on your back are pulling your productivity down?

🐒 Monkey on your back?

You’re racing down the hall. Your reportee stops you and says, “We’ve got a problem.” 

You listen to him but can’t make an on-the-spot decision. You say, “Let me think about it.” 

👉You’ve just allowed a “monkey” to leap from your subordinate’s back to yours. 

👉You’re now working for your subordinate . 

👉Take on enough monkeys, and you won’t have time to handle your real job: fulfilling your own boss’s mandates and helping peers generate business results. 

How to avoid accumulating monkeys? 

👉Develop your subordinates’ initiative.

For example, in such a scenario, clarify that he needs to come back with - recommendation , take action and report outcome at a regular update. 

When you encourage employees to handle their own monkeys, they acquire new skills—and you liberate time to do your own job.

- Tip from an article by William Oncken, Jr., and Donald L. Wass published in Harvard Business Review 

#work #career #tip #productivity #job

----------------

I write regularly on topics linked to marketing/consumer and habits/productivity. 

Follow #RunningMarketer on LinkedIn 

When the humble kaapi met the affluent Latte!

I wonder, when the co-founder of Starbucks, Zev Siegl recently visited Bangalore's heritage shop - Vidyarthi Bhawan for a quick taste; he must have done this thousands of time;sampling coffees across continents and soaking in how consumers sip coffee everywhere.

With glocalisation, it's important that brands offer consumers to taste the best of both worlds - signature stuff the brand stands for globally as well as modification or new products lines keeping local sensibilities and flavours in mind.

#Starbucks this year has launched filter coffee & masala chai in their menu along with stuff like chole kulche in India.

#McDonald's has been selling Aloo tikki burger for years now in India and it has been adopted in the global menu under vegan options.

#Snickers introduced the veg version in India only (eggless).

#harleydavidson recently launched tough turbans in thier range of accessories considering a lot of sikhs community drive thier vehicle.

But for all that thing to happen, understanding consumers by immersing themselves in the market is what is a must!

#consumerbehavior #marketing

Top 5 ways to build habit forming products?

Top 5 ways to make your product a habit-forming one?

'Hooked' by Nir Eyal is a must read on the subject. My picks from the book -

1. Become a Guru.
Thats what most brand build - a library of great Content on thier transactional apps - like #Zerodha varsity.

2. Become a Friend.
Personalize. Recommend. Valuable reminders. That wife's anniversary tip. #Cred saves the day on bills.

3. Become a Community.
Standing for a common cause in the category & solving consumer pain points. #Nike+, Redbull have embraced this so well.

4. Dont build point programs for loyalty. Build VAS, consumer will pay for. Like #Amazon Prime.

5. Don't make a super app to build frequency. Cut confusion. Retain focus.

What would you add there?

#product #marketing  #growth #book