Tag: YouTube

Marissa Mayer – The before and after becoming a CEO

Marissa Mayer seems to be everywhere at the moment. Whenever I am on Facebook, Twitter and LinkedIn, I’m seeing news in all my feeds at the moment. Obviously since taking the CEO and President of Yahoo roles her profile while already large when at Google, seems to have increased exponentially.

One of the things that I realised was that I had never actually seen a video of her speaking. All I ever really saw was a similar shot taken of her smiling when on a forum or during a presentation – much like the image above. So I thought I would search on YouTube for some videos and I stumbled across this relatively short video interview of Marissa Mayer with Charlie Rose for the IAB.

http://www.youtube.com/watch?v=6zP1p8ZTCio

Mayer on The Importance of Listening

In the video, Marissa Mayer discusses what its like to be a CEO and her early successes. One of the main things that she said that resonated with me was this:

I think the most important thing I have learned about being a CEO is the importance of listening. People talk about what changes as you grow in your career. Someone pointed out to me which I think is really true is that early in your career you get ahead by following the rules perfectly. Like getting things done on time, like following the rules and meeting expectations.

Mayer on Breaking the Rules

Another pertinent point that Marissa Mayer went on to say was that its important to understand when to break the rules and when the rules do not apply.

When you become an executive it becomes knowing when to break the rules or knowing when the rules do not apply.

I must say that I have been impressed with Marissa Mayer and her leadership of Yahoo. They have seen traffic increase, been building new products and innovating.

I believe that to grow in the digital space, you need to be doing all of those things. Without building new products, innovating and focus, you will be left behind. Big businesses are competing against small start ups who are amassing large groups of users without worrying about how to monetise this audience until much later.

Too often I see big companies shooting great ideas down because of lack of investment or lack of resource. While I understand how traditional businesses work, this is not how the company with grow. They need to take more risks. They need to start pushing the boundaries.

When faced with a new platform, they tend to just try to repurpose their existing products on to it, rather than taking advantage of the technology and trying something new.

I’ll be keeping a close eye on Marissa Mayer and Yahoo as I think that they are on course to grow further and surprise a lot of people on the way.

Closing the Viral Loop – Beyond the Facebook Like Button

Most web pages that you visit nowadays contain a version of the Facebook Like Button.

Most web site owners assume that users know exactly what the like button is for, but what is it for? What exactly can be done with it?

In its most basic form, when a user likes a piece of content it appears on their Facebook Wall for all of their friends to see.

I suppose that the hope of web site owners is that the user’s friends will see this and then send users back to this piece of content. This concept is known as ‘Social Proof’ – where you are more likely to do something if one of your friends deems it ok to do so.

See http://en.wikipedia.org/wiki/Social_proof for more information on this.

So I can see why those who like to show off what they like to their friends would want to do this, but what about those users who are more passive in their consumption of media.

There is a rule that states that, with social media, 90% of passively consume media, 9% interact with content and 1% create the content. If we use YouTube as an example, that means that 90% of users watch videos, 9% comment on those videos and 1% actually upload the content.

If this is the case for the like button, only 9% or 10% of users actually use the like button. How do we engage with that 90% of passive internet users?

My suggestion would be looking to close the viral loop.

Closing the Viral Loop

I believe that users would be more likely to click the Facebook Like button if they knew what was going to happen and that they were going to get something in return from it.

Web site owners are asking users to be active on their pages, to help promote that content to users without asking for anything in return. This is a very lazy way to try to grow traffic.

What steps could be used to make the clicking of the Like button more attractive to users?

Firstly, box out the like button and tell them what it will do. ‘Do you like this story? if so, click the like button.’

If users are liking your site versus a piece of content and if they click like, they will receive updates straight to their Facebook news feed – tell them!  This would appeal to their passive consumption.

‘By clicking the like button, you will receive content updates to your Facebook wall so you don’t need to keep checking back on our site.’

The Open Graph – closing the viral loop

This is where the most interesting bit comes into play.

If a site has been more sophisticated with their integration and also integrated the Open Graph at the article level, users could actually be liking a product, an actor, a musician etc.

If this is the case, then I believe that closing the viral loop becomes extremely important.

If a user is on a music news web site, such as www.nme.com, and they are on the Black Eyed Peas artist page – http://www.nme.com/artists/the-black-eyed-peas – and they click like, they should receive updates from NME every time that there is new content posted up about the Black Eyed Peas.

At the moment, there is no incentive to Like the Black Eyed Peas – not unless the user is just that passionate about the band.

There is also no call to action. Just a plain old tiny Like button.

If the like button had a call to action and had its content feed for Black Eyed Peas set up correctly, it would be much more appealing for users to click.

‘Click like to get updates from NME every time we post new content on the Black Eyed Peas’

This would be the same on all sites across the Internet and I would argue that this would result in many more users engaging with the Like button.