A new form of advertising is taking shape, and it's time to give it a name so
we can better internalize its consequences, and manage it more responsibly. The name is “Chatterbacking.” Without fluff or hyperbole, it
describes what’s happening in advertising today: advertisers, for better or worse, are piggybacking
on the consumer "chatter."
Don’t confuse this with word-of-mouth, viral, or buzz marketing - it's related,
but not the same. Chatterbacking has as much to do with “paid” advertising as
free WOM. It assumes much of the buzz and "conversation" already
exists, and continues to grow. The opportunity for advertisers in this environment is to wedge themselves
in-front, between, behind, and all-around the chatter. And in some (less savory)
cases, the objective is to co-opt and blend-in with the chatter.
Chatter,
after all, is the new epicenter of both attention and engagement. By and large, it's a trusted space. It's also the new epicenter of reach, thanks to the explosion of
consumer-generated media (CGM), which, for the purpose of this blog entry,
we'll use to also encompass social media, user-generated content, citizens
journalisms, or citizen marketers. With over 50 million blogs, and the explosive growth of sites like MySpace and YouTube, the
"reach" factor is undeniable. Last week, Nielsen NetRatings released data suggesting that CGM sites represent five of the top ten sites on the web. Who wouldn't want
to buy lots of eyeballs where consumers are already attentive and engaged?
The Chatterbacking Parade of Ad Formats: And so the practice of "Chatterbacking" is taking off, with new
variations and forms emerging almost daily. Traditional agencies in
search of incremental impressions are now playing a bigger role in the overall
strategy and tactics behind chatterbacking. We see it in pre-roll video
buys. We see it in buttons, banners, and sponsorships in social-media
sites. We see it in targeted ad buys on blogs. It's clearly assumed in
$900 million deal with Google and MySpace. We see it in regular search
buys against "conversational" keywords. We see it in the dozens
of agencies who have suddenly shifted their language and vernacular sharply in
the direction of the consumer. We see it in the ads that now pop-up on
Technorati in the blog search results.
Mark my word, by year end, we'll have no fewer
than a dozen popular forms or formats of piggybacking advertising on top of
chatter and CGM. And the forms will continue to evolve because the nature of CGM
continues to change. Just think about how quickly we migrated in one year
from CGM to what I call CGM2, or consumer-generated multi-media. Indeed, the
chatter space is fluid and evolving.
Simple Metaphors and The Questions They
Raise
I particularly like the metaphor of an advertiser or advertisement
riding the back of the consumer because it immediate raises a host of obvious,
if not intuitive, questions:
- Load Factor: How much weight can the consumer realistically carry?
- Drag Factor: Will the load slow down the consumer from normal activity?
- Rub Factor: How will the overall experience rub-off on the consumer's attitudes?
- Buzz Factor: Will the experience impel the consumer to speak out positively or negatively.
Interestingly, these are not new questions, but against a backdrop of consumer-control (which every marketer, I'll remind you, insists in the "new" reality), they beg extra levels of sensitivity, a point my colleague Max Kalehoff drives home in a recent MediaPost column. In the end, the long term interests of advertisers are always served by keeping consumers open and accepting of advertising, and to ensure we don't create yet another ad backlash or "tragedy of the commons". The challenge for all of us is to find the right balance between effective ad models and consumer acceptance.
Looking ahead, we'll be taking a close look at this emerging trend in advertising, attempting, wherever possible, to provide responsible frameworks for chatterbacking.
Pete,
You are right on. Consumer generated advertising or user generated advertising (UGA) (I hear them both all the time) are growing extremely fast as well. Soon enough, agencies will be allocating a percentage of their budget to UGA and Chatterbacking, just as they did with online advertising. UGA is very similar to WOM, because it is empowering the consumer to take action and be a champion (or not) of their brand. Now that video is extremly popular, it is very easy to shoot your very own commercial.
Posted by: Brian Kropp | August 14, 2006 at 08:34 AM
The thing that brands seem to be slowly getting is that chatter (in your terms) already exists. Very few companies need to start WOM. In fact, it already exists.
So, what you're talking here is a very pragmatic approach. The first (necessary) step is that you need pay attention to is what's already happening. Then you can begin to think about how you can affect the discussion.
Maybe that "affecting" step can be Chatterhacking ;-)
Posted by: Gary Stein | August 14, 2006 at 01:46 PM
This is an interesting development indeed! When was it that people were buzzing, and then buzzed about WOM and CGM growing? Well, I am for everything and anything that brings more value to the choices and rights of the consumers.
Posted by: Meikah Delid | August 15, 2006 at 03:16 AM