Matt's Post Archive

Monday, May 17th, 2010

The New Wrinkle

Location based applications create a new wrinkle in the ever expanding circle of friends that is your social graph. Where Facebook once was at the center, we at the Farm feel it will be pushed further afield by the new ‘You are here’ dynamic. Personally I have scanned my available connections for those to invite to join on Foursquare but I consistently pass - as the filter in my head asks whether I really want the distant ring of friendship to know my coordinates.
I don’t have the detail of Facebook’s soon-to-launch check in feature, but I am sure they will have to build filters that allow you to designate friends as check-in worthy - creating new levels of distance between you.
While Facebook’s scale may allow it to win any social battle (in the short term), the final outcome on its role in location-based check in is far from decided. The new wrinkle in social will push everyone to look at themselves (and their friends) in the mirror.

Posted by Matt

Monday, April 26th, 2010

Products Selling Products?

Engagement. Utility. Tools. Value. Required features for brand ideas in the digital space. All true - however, often times we (the collective agency ‘we’) and our clients still view these initiatives simply as projects. Even disposable marketing elements. Advertising executions. Or just extensions of brand selling ideas. In fact what these ideas (should) become are branded products in and of themselves. They (should) have value to the consumer. They (should) perform a consistent, predictable function. There is a cost to acquiring; whether it is monetary, data or time. Whether this is a mobile, web or even Facebook app - There is a consistency, usefulness and life cycle.

Considering digital marketing products in these terms should elevate the value internally. Allow for more time and yes more money for development. For brands to be to quick to consider digital marketing components as disposable in some way will only lead to a consumer engagement that is ultimately worth little or nothing at all.

Posted by Matt

Tuesday, March 23rd, 2010

SOCIAL GAMING @SXSW

Nick O’neill did a nice write up summary of John Pleasants’ talk on social gaming at #SXSW http://bit.ly/dn1726 – I wanted to add a couple points I heard that stuck with me.

STORED VALUE & THE FACEBOOK CURRENCY
Playdom’s monetization strategy is free to play, build engagement and convert to paying customers through microtransations. Common among social games – what was interesting though was that while only 2% of gamers typically make a transaction – those with stored value in their accounts are up to 4x more likely to spend. Good piece of data. You could make the case that everyone should get an account with some credit value when they join.

And under the header of what’s next he also noted that Facebook currency could explode through social games simply due to the platform’s scale. This begs the question whether facebook currency ever migrates offline as well…stay tuned.

If you have any interest in social gaming I recommend finding the video or podcast of this session or at least finding some interviews with him. You’ll get a good dose of data and insight…
http://my.sxsw.com/events/event/682

Posted by Matt