“Google’s Groupon Bid Rejected” BIG mistake?

Groupon is getting way ahead of themselves and I think their rejection of Google’s bid is a Big mistake. My 2011 prediction… Google buys Twitter!

Richard Bashara says: Ted I’m going to agree with a “but,” look at Facebook. Zuck’s had how many chances to sell FB? You can’t deny that Groupon has set a trend. Perhaps trying to stay on top of the wave could pay off.

And if Google doesn’t buy Twitter, I’d be quite surprised. Who knows, maybe Twitter will try to stay independent though. As a publishing tool, it’s clearly becoming more active than Digg or Reddit.

Ted Rubin replies: Twitter is incredibly concerned, as they should be, about how to sustain and monetize what they have. Google is incredibly worried about Facebook and how to penetrate and participate in Social Media/Marketing. Solves a critical problem for both.

As far as comparing Groupon to Facebook, I think the projectory of their growth is where it ends. Facebook competitors have many more barriers to entry than competitors to Groupon, and they control the hearts and minds of their members. Groupon exists only as long as they can provide such unsustainable discounts. With Google… the value of their local search and local relationships/workforce came in to play and made them much more valuable than as a stand-alone. IMHO

Ted Rubin

Thinking Consumerism has Been Keeping Me Up

Recently, the topic of consumerism has been keeping me up…  When we think about consumerism, we think of all the bad connotations. We think about the over-indulgences which led to the recent economic crises; and some of us may even think about how those driven by greed convert their indulgences into situations like the BP oil spill. 

Last month I attended Rogers TabLife TO – a conference focused on the advent of tablets (iPad, Samsung Galaxy, Dell Streak, PlayBook). What struck me wasn’t the technology – in fact, it’s expected that the technology should overshadow anything we are currently used to – i.e. the laptop. No, what struck me was WHY these devices are gaining in popularity.

 The speaker line up was brilliant, and the majority spoke about how tablets were changing: media, newspapers, philanthropy and retail (among other things). In the end, what stuck with me was the notion that these devices are tools for a new kind of consumerism.

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What is Experiential Marketing and is it Social?

What does experiential marketing entail? It entails allowing a customer/prospect to engage & interact with a brand, product, and service in sensory ways that provides an additional intimate level of experience and information.

Personal experiences help people connect to a brand & make intelligent & informed purchasing decisions. “Experiential Marketing” refers to actual customer experiences with the brand/product/service that drive sales and increase brand image and awareness.It is the difference between telling people about features of a product or service and letting them experience the benefits for themselves.

Many think of this as a totally separate form of marketing from social, but to me it is the ultimate in social marketing. It is all about experiencing a product or brand… and what could be more social. In addition the power of social is not the initial reach, but the engagement and more importantly the sharing that follows and enables a brand to reach into each individual’s social graph. How better to do that than to give a consumer an “experiential” experience to share.

Ted Rubin