Archive for the ‘strategy’ Category

5 Essential Web-Based Apps For Any Consultant

Tuesday, March 18th, 2008

Power toolsAs a consultant, I work on cool new projects all the time. This is the glamorous part of the job. Then of course, there is all the grunt work that goes on behind the scenes. This involves client relationship management and dealing with all the admin work. Ugghhh. Luckily, there are web-based apps to help deal with these painful processes.

The following are 5 web-based applications are essential to any web-centric consultant:

  1. Basecamp* - Project management
  2. ConceptShare - Design collaboration
  3. FreshBooks - Invoicing and expense tracking
  4. FunctionFox - Time-tracking
  5. Google Calendar / Gmail / Google Docs - Free web-based application suite

* The entire 37signals suite of products is impressive. Also be sure to check out Zoho’s line of web-based tools.

Obviously there are many others out there. Please be sure to add your favourites in the comments below.

The Future of Location-Based Advertising

Monday, March 17th, 2008

[The Future of Location-Based Advertising] - Back on February 6th of this year, Gavin asked:

“I am interested in what you think about location-based advertising, and its prominence going forward? Do you think it will succeed?”

Anyone who reads my blog on a regular basis knows how much I love the concept ofWiFi icon “local”. I see many benefits, both for the user and the company. That in mind, my answer to the stated question becomes obvious. I think that location-based advertising will play a key role in the evolution of the advertising space.

It seems like a lot of companies are trying to re-invent the wheel nowadays. Many are looking to capitalize on ‘the next big thing’ in advertising. Well, they’ll be happy to know it’s already here and I just saved them millions in research costs (thank me later). Location-based advertising, though nothing revolutionary, is both pertinent to the viewer and lucrative for the company. Just think about it for a second. Instead of viewing ads for whatever online shop or site, the viewer is subject to an ad from a business in their region. If further segmentation can be exploited, the ad becomes even more pertinent to the reader. This usually translates to higher conversions for the company as well. It’s really a win-win situation. The downside for the company is a (potentially) pricy CPM. In addition, inventory levels may easily be maximized given a strict set of constraints.

In any case, I see more companies entering this advertising vertical and others expanding into it. From the other side, I see more advertisers leveraging geographic-based advertising to target potential customers. Internet penetration rates are now at a point where inventory levels in a given region make a case for local advertising. This potential supply is lucrative and should be capitalized upon. Mark my word, local is here to stay.

FriendFeed is the New Hot Sh*t

Sunday, March 16th, 2008

[FriendFeed is the New Hot Sh*t] - Almost exactly a year ago (March 13th, 2007 to be exact), I wrote a post entitled “Twitter is Hot Sh*t Right Now”. Well, a year has passed and the Twitter hype continues to build.FriendFeed logo The skeptics are eating their words and micro-blogging continues to climb in popularity. This Internet phenomenon may very well be the future of personal blogging. So now what? What’s next? Let me introduce you to FriendFeed

If you haven’t heard of or checked out FriendFeed yet, it is a must. This extremely useful, yet simple, service has caught fire and become very popular among the A-list tech bloggers. As was the case with Twitter, many think this short-term viral growth will subside. I’m not so sure.

What makes Facebook so viral and sticky? In other words, why do users continue to visit the site on a frequent basis? Answer: the news feed. They are constantly receiving new news about their friends’ activity. This is both interesting and useful. So why stop at Facebook? What if there was a universal news feed that could tie together all the services that your friends are using? This is the basis for FriendFeed.

Once I’ve added my friends, I can see new updates and changes on services like Twitter, Flickr, StumbleUpon, Ma.gnolia, Pownce, or a blog. Not only that, but I can reply and rate the content as well - all from the FriendFeed site. Very cool. The user experience is clean and intuitive. They’ve added only the necessary features and nothing more. I congratulate them on a job well done.

The only thing I don’t like about FriendFeed is their stereotypical web 2.0 logo… but I’ll let that one slide.

What are your initial thoughts on FriendFeed? 

Effectiveness of Facebook Apps as a Marketing Tool

Monday, March 10th, 2008

[Effectiveness of Facebook Apps as a Marketing Tool] - A little while back, I asked readers to submit questions they would like me to answer or blog about. The first one I’d like to tackle was submitted by Mark Evans, who blogs at MarkEvansTech and serves as Director of Community of Canadian-based start-up PlanetEye. Mark wrote:

“What’s your take on the effectiveness of Facebook apps as a branding/marketing tool?”

My cliched first thought was, “Good question”. After giving it some further time and Facebook new logoconsideration, I’ve come to the conclusion that, as a whole, Facebook apps are not a great marketing tool. Obviously this is a generalization and apps may prove to be a successful strategy for some companies. Let me explain my logic…

It’s all about perception.

Branding and positioning are an important part of any online strategy. Subsequently, solidifying status and credibility within an industry is essential. Still with me? The recent onslaught of Facebook apps has saturated the “marketplace”.  A lack of management on behalf of the social network has driven many to utter frustration with the highly-touted platform.

For this very reason, I think that the introduction of a Facebook app may be more detrimental than advantageous, in some cases, unless extreme caution and delicacy are exercised. A suitable Facebook app would have to provide compelling value and utility. Furthermore, there would have to be a certain level of fit with the exposed community of users.

My guess is that a majority will disagree with this train of thought, but I’m just giving my take on the situation.

In all honesty, I think that most apps are being created for amusement purposes - not as branding vehicles.  The ability to “poke” someone or write on their “FunWall” is great, but these dominant apps may reflect negatively upon your company if you are trying to portray a more professional, sophisticated image.

Jumping back to August 2007, I wrote a post about the short-term success and long-term failure of the platform. I still believe much of that post to be true. The effectiveness of apps has decreased significantly due to the surge of entrants.

I think that more users are starting to see things the same way as I do. For the most part, Facebook apps are more of a hassle than they’re worth.  They cause huge amounts of clutter and force users to scroll down long profile pages to find what they’re looking for. They’re also very distracting at times. What I find most annoying is the increased page load time. In other words, unless you’re creating an app for pure amusement or you happen to be in the business of “fun”, then Facebook apps are likely to be a poor marketing tool unless a cautious, very well sought out strategy is executed upon.

When Will Twitter Be Acquired?

Thursday, March 6th, 2008

[When Will Twitter Be Acquired?] - Place your bets. The Twitter sweepstakes is about to begin…

My instincts tell me that a Twitter acquisition is in the near future. Potential acquisitor? PTwitter logorobably Google. It seems like a perfect fit with Blogger. In addition, the clean, simplistic look and feel of the micro-blogging leader lends itself well with other Google products.

Who knows though… Google may lose the race. But I think it’s only a matter of time before someone swipes this hot property. Yahoo is the obviously second choice. I could even see a bidding war erupt should rumours begin to circulate.

My guess is that the market would be willing to pay a hefty premium at this point in the game. Then again, I would wager that the company has already been approached, but is demanding a ridiculous sum (see “Facebook”). I await in eager anticipation…

So who’s the buyer? What’s the price tag? When will it happen? Any guesses?