Archive for August, 2010

Google Acquires Invite Media

Posted by Chris Tran 30 Aug 2010 No Comments »

From MediaPost:

Google bought ad technology start-up Invite Media, a 3-year-old “demand-side platform” designed to help buyers navigate high-volume display-advertising exchanges-like the one Google launched last year. The price is estimated in the $70 million range.

I read this article a couple months ago, shelved it and didn’t get a chance to revisit it until today.  Articles like these make me happy to have moved along from the ad network game.  I enjoyed my time with Admax, and it was a fun ride.  I believe that Admax will continue to be successful over the next couple years.

Admax has a great technology platform, really bleeding edge optimization technology and some of the smartest people I have ever met in one group.

My concern is that between Google’s recent push of display advertising (instead of their traditional Adwords CPC product), and Invite Media, it is clear that Google will start targeting the display ad networks.  And it isn’t Admax that should be concerned; it should be the larger networks like Tribal Fusion, Right Media and Glam Networks.

Google already has a huge footprint of websites in its network through Adwords.  If/when by using those same tags, publishers can monetize via CPM display campaigns, and advertiser/agencies can bid on CPM rates (via Invite Media’s technology), it will be difficult for smaller ad networks to compete.  They will then have to compete with Google on technology (difficult), service (possible in developing markets) and brand strength (forgetaboutit).

Yahoo Vietnam advertises on Google?

Posted by Chris Tran 30 Aug 2010 No Comments »
Yahoo Vietnam advertises on Google?

Dear Yahoo,

I know times are tough for you, but that’s no excuse for losing site of the plot.

Yours,

Chris

Imagine my surprise today when I was reading an article on Marketing Interactive on MySpace’s diminishing relevance, when I saw an advertisement for Yahoo Vietnam being run off of Google Banner Ad network?  The banner is in Vietnamese, and says quite simply “How do you like your Yahoo? Check out the new home page” and directs users to the Singapore homepage http://sg.yahoo.com/bin/set which is also weird.  I would have thought that a banner in Vietnamese would redirect to the homepage of Yahoo Vietnam.

I would hope that this banner is IP-targeted to Vietnam, so people outside of Vietnam wouldn’t see this.

Besides that though, Yahoo has over 90% penetration with the online population in Vietnam through Yahoo! Messenger.  They do not need the additional reach that running on Google might give them, nor should they be running Vietnamese banners on them.  Here in Vietnam, Google’s sites are still largely in English.

Yahoo! must have a compelling reason to send money to their competitor and strengthen their ad network.  Heck, if Yahoo! really wanted to do expand their reach, they should get in touch with Admax Network!

Admax Network has a much better reach in Vietnam than Google.  :)

Inspirational video from Sean V. Walker

Posted by Chris Tran 29 Aug 2010 No Comments »

Just saw this video come across my RSS feed.  Hope you guys enjoy it as much as I did.

[youtube]http://www.youtube.com/watch?v=JlFC6RzO4Ms[/youtube]

Saying “No” to Speculative Work

Posted by Chris Tran 29 Aug 2010 No Comments »
Saying "No" to Speculative Work

To those outside the advertising world, speculative work is the bane of agency life.  It is the act of producing a finished(or almost) product for a client before the client agrees to proceed with the work.  Let me reiterate, it’s the bane of agency life.

For digital advertising, it goes double.  We call it “the mockup.”

Here in Vietnam, the competition is fierce between half a dozen small agencies fighting over a tiny market.  Online adex in Vietnam is roughly 2.5% of the 500 million USD that was spent on advertising in Vietnam in 2009.

In fighting for such a small market, the agencies have endeavored to show more and more the finished product to clients, in attempts to show their sincerity and commitment to winning the business.  For the client, this gives them some evidence that the agency can execute the campaign well.

However, advertising should be an idea-driven marketplace.  Agencies with the best ideas should win the most campaigns, whereas with the flood of speculative work out there, the quality of the idea is drowned out by the quality of the execution.  In layman’s terms, this means pretty pictures trump things like strategy, media plans and understanding of consumer needs.

Besides which, speculative work locks in the campaign at the beginning of the campaign process.  This gives agencies little flexibility to work with the advertiser to fine tune the message for the product, create additional value as well as establish genuine long term relationships between advertisers and agencies.

Looking at the Vietnam market, it is rare that digital agencies have the long term relationships that traditional agencies have.  I cannot help but imagine that this is because of the flood of mockups and spec work out there (and I myself am guilty of this).

I also cannot be grateful that I have a couple long term relationships with clients, where we have been able to prove the strength of our ideas as well as the additional value adds that long term agency-advertiser relationships make possible.

Populist Iphones

Posted by Chris Tran 29 Aug 2010 3 Comments »

Thinking out loud. I think that’s what I do best. The good Lord knows that I do a lot of it.

Looking at how our society stratifies, the various classes of man have separated themselves by the material goods with which they surround themselves. In earlier ages, the rich were land owners and nobility. Later, as merchant classes developed we saw the rise of art and culture as a means of separating oneself from the “poor and huddled masses.” In the latter parts of the 20th century, it was a combination of fashion and automobile ownership.

To this very day, fashion and automobile ownership are two clear differentiators between the haves and the have-nots.

However, technology has arisen to flatten our the social hierarchy. No matter how rich you are, you cannot buy a phone that is significantly better than someone in the upper middle class.

Or think of it this way. Most of the upper middle class folks in the western world can afford an iPhone 4G, iPad or Google Nexus One. Guys like Richard Branson, Georgs Soros and Brad Pitt probably have them too.

Consumer electronics and technology are a populist movement. With network effects being the heart of mobile telecom and application based (re: iPad, itunes store) platforms, leading edge innovators are not motivated to create unique custom solutions for the highest classes of people.

You can create custom fashion. You can build custom automobiles and motorcycles (see American Chopper). However, it doesn’t make sense to do so with consumer electronics.

That is, until we have advanced consumer biology and genetics. :)

Twitter Weekly Updates for 2010-08-29

Posted by Chris Tran 29 Aug 2010 No Comments »

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Twitter Weekly Updates for 2010-08-22

Posted by Chris Tran 22 Aug 2010 No Comments »

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Twitter Weekly Updates for 2010-08-15

Posted by Chris Tran 15 Aug 2010 No Comments »

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Conflicted about Google Street View

Posted by Chris Tran 14 Aug 2010 No Comments »

I am a huge fan of Google the company.  The search engine itself is probably not much better/different technically than Bing or Yahoo.  In my honest opinion, the big three search engines pretty much have the same level of technology.  Google just got there first, and branded themselves as the undisputed leader of search.

My heart goes out to the underdogs at Bing and Yahoo.  It really does.

But it is not because of search I like Google.  It is because of its:

  • Hacker culture
  • Belief to not do evil

Now, for the most part, I think they have done well in pursuing both.  Google continues to be a beacon of independence and freedom in parts of the world where censorship is the rule of the day.  (Note: I write this before understanding all of the new issues regarding Net Neutrality).

However, there is one product that Google has that I am confused about, and maybe a little bit concerned.  That product is Google Street View.

My understanding is that when a company comes up with a new product, their ideation follows this process:

  • Is there a need for this?
  • Does it help people more than it hurts?
  • Has it been done before?
  • Why has it been done?
  • How much would it cost?
  • What do we get out of it?

These questions are normally asked and answered, though not in that order.

So when I ask these questions, I get:

  • Is there a need for this? – No
  • Does it help people more than it hurts? – No.
  • Has it been done before? – No.
  • What do we get out of it? – Unsure.

But my feeling for Google Street View, is that these questions were not asked.  There is no real business need for Google Street View.  They do not make more money in offering it, and most people use it for nothing else than to spy on their neighbors. (Ok, that last statement may have been an exaggeration).

Without a doubt, Street View is cool.  People like to screw around with it.  In essence, it enables a “Sliver”esque voyeurism.   Certainly, it isn’t live, but certainly I would not want total strangers (or even my friends and family) knowing where I was unless I wanted to.

Google is getting in trouble in a lot of different countries for accidentally harvesting personal data, including names, birthdates and emails.

Dear Google,

Stop invading my privacy.

Yours,

Chris

Social Networking Map

Posted by Chris Tran 10 Aug 2010 No Comments »

Short post.  I saw this Infographic called the “Map of Social Networks.” It’s really cool.  Spend a couple minutes to check it out.

Flickr Stream

Social Profiles

  • We on Delicious
  • We on Flickr
  • We on Digg
  • Our google profile
  • We on Last FM
  • We on Last Mixx
  • We on Myspace
  • We on Netvibes
  • We on Orkut
  • We on Reddit
  • We on Stumble
  • We on Technorati
  • We on Yahoo
  • We on Yahoobuzz