Marketing with Video and Rich Media Blog

Video Sharing tops McKinsey survey as most useful Web 2.0 business tactic.

Early in 2009 McKinsey surveyed 1,700 executives from around the world to determine the value they have realized from their Web 2.0 deployments. The study stated that “the heaviest users of Web 2.0 applications are also enjoying benefits such as increased knowledge sharing and more effective marketing. These benefits often have a measurable effect on the business.”

Looking at the chart below it is not surprising that there is a strong correlation between the familiarity and relative longevity of certain technologies (video, blogs and rss) and their benefit to corporations. Companies, especially larger companies, tend to avoid adopting new ideas until they have seen other companies take that risk. It’s interesting to see Social Networking ranking so high – given it’s short lifespan. I would expect to see Social Networking topping the list in the next two years.

It’s also interesting to see these referred to as ‘technologies’. They are all certainly enabling technologies but the real value is in the content they allow to be more freely shared. In time the focus on these communications tactics as ‘technologies’ will fall into the background and the emphasis will be on the marketing and communication value that they promote.

Not every every tactic is right for every company but it is safe to say that video sharing should be at the top of any company’s list that is considering adopting new Web 2.0 tactics.

McKinsey chart

United Airlines gets smacked by social media

True story.  Dave Carroll, lead singer for the country group ‘Sons of Maxwell’ watched in horror as United Airwaves baggage handlers tossed around and eventually broke his $3,500 Taylor guitar (Read the full story on the bands website).   After nine months of run-around and an almost comic disregard for the consequence of their actions, United was no closer to taking responsibility for the damage. In frustration Dave promised the airline he would write three (not just one…) songs about the incident. This one is the first.  It has already received over 200,000 views online. The song is sort of catchy.

How could the airline be so inept? Does United Airlines care now? Didn’t they know not to mess with musicians?

Video sharing, social networks and the ability to easily spread your message far and wide are all important factors causing (most) companies to reconsider how they deal with their customers. Up until very recently you had to commit a pretty heinous act against a customer for anyone to take notice. Now anyone with a computer, a video camera and a grievance can cause your company a considerable amount of pain.

Spending millions on generic positioning ads won’t amount to much if you choose to ignore your customers and if you choose to ignore social media.