The last Mythbusters* episode I watched tested the Monty Hall Paradox. The last time it was popular in mainstream was on the game show Let's Make a Deal. Essentially, contestants are presented with three doors. Behind one door is a BRAND NEW CAR!!! and behind the other two are goats (the non-prize). The objective is to pick a door. Then the host will open one of the other two doors that does not contain the car. The contestant is then given the option to switch to the other unopened door or stick with their original door.
It's been widely accepted that switching will always increase your chances of winning the car. But in true Mythbusters fashion, Adam and Jamie re-created the game show and recruited a bunch of people to participate in an effort to test this theory. Each participant picks an initial door, then one of the other doors would be opened and the participant would decide if he/she wanted to switch or stick. This worked well but it was time consuming and there were a limited number of people. So they tried another method.
The two built a system that allowed them to test the scenarios quicker. It had two sections, with 3 doors each. Jamie was the participant on one section and Adam, the other. To test if switching is better, Jaime would always stick and Adam would always switch. They did this 100 times with the car being behind a different door each time.
At the end of the 100 rounds, Adam, the switcher, won the car many more times than Jamie did. About twice as much.
Being the eternal skeptic, I decided to test it out myself. For the sake of transparency, I JSFiddled it so you can see the logic. The code creates 3 doors and 2 players. In each round, it randomly selects one of the doors as the winning door. Then both player 1 and player 2 randomly select a door. Player 1 always stays and player 2 always switches. Everytime a player ends with a door with the prize, she gets a point. If you run the code with...say...10,000 round, you can see player 2 always has about twice as many points.
Still don't understand why this is? Neither did I..until I watched this video.
*I love the show and the people on their team are my heroes. Some of the myths they take on are just an incredible undertaking...like the "Dropped vs. Fired Bullet" myth.
We work on a lot of different things and it’s easy to get yourself caught up in the "I want our business to offer everything". I overheard someone getting a quote from someone outside our company for something and I asked the person next to me "Why aren't we doing that internally? We've done it before and we easily could". The person then rattled off a bunch of high profile, very important projects and a reminder of our current staffing levels. And of course my reply was "yeah, but we could do that". And then the person said something, without any earlier mention to the context that came through loud and clear.
"Those aren't the Cool Ranch Tacos, that’s like the side of beans, focus on the Cool Ranch Tacos."
For those living under a rock, Taco Bell had a smashing success with the Doritos Locos Tacos, blowing their projected numbers out of the water, just crazy success levels, according to one report approximately 1M were sold per day since being introduced to the market. From a non-sales perspective, the menu addition added 15000 new jobs related due to the product alone. They then immediately followed up with the natural successor, the Cool Ranch Tacos. Everyone who likes a taco that I've talked to is super excited to try them, just the thought conjures up a tasty sensation for the pallet.
Then there's the beans, how could you possibly have a Taco Bell without beans? The answer is "you couldn't", they're obviously incredibly vital to Taco Bell.
But let’s face it, when's the last time that someone said "hey, have you heard about those beans at Taco Bell, they're awesome and we all need some." No, it’s just not going to happen despite us all agreeing that beans are a crucial staple to the Taco Bell experience.
I'm sure Taco Bell has big awards and kudos conventions like every company... and who's going to get all of the kudos and rewards this year: The guy focused on the Cool Ranch Tacos or the Beans?
And while in 5 years, the Doritos Taco product owner may have moved on to something new and great, the beans guy is probably still focusing on how to drive even lower costs on production line of a product that's been worked on and optimized already year-after-year-after-year.
Which brings me back to our business... when time and resources are a factor and you're working with people who are wowed by the latest and greatest, which then drives your follow-up projects: You can either focus on the Cool Ranch Tacos or the side of beans, and at this point in our businesses lifecycle the Cool Ranch Tacos seem like a lot more fun.
Business Consulting | General | Marketing
Social media has become the way many companies communicate their brand and messaging to their customers. This way of communication has led to the need for a role that manages these social media communities effectively, driving positive communication and stewardship.
As one of the fastest growing sectors in the online world right now (37% increase in the amount time spent on social media from 2011 to 2012), the role of Community Manager is extremely important for any company trying to making its presence felt. Here are four essential links for an introduction to community management and running a community successfully:
• The ReadWriteWeb Guide to Online Community Management• 8 Habits of Highly Effective Online Community Managers• The 4 Pillars of Community Management• Online Community Manager: Yes, It’s Really A Job (see embedded slideshow)
Tags: social media, community management
Sometimes it’s hard to make the case for a big investment in social media marketing. It can be difficult to scale, time-consuming, and there’s always the risk of—gasp!—negative feedback.Socialnomics makes an excellent argument for making social media marketing not just important, but central to the mission and products your company creates. Erik Qualman’s second edition of this book came out a couple weeks ago. Rather than focusing on the nuts and bolts of implementation, it's a wonderful conceptual framework for the importance of social media. It also takes a stab at what's just around the corner, which is very exciting. My favorite quote so far: "Fail fast, fail forward, fail better." Quick iterative innovation is the watchword, and an engaged conversation with customers is necessary to make that happen. The new climate for product development involves intense competition, margins squeezed by the wide availability of similar products, and a need for speed. He argues that it’s better to move quickly than study something to death and have others beat you to market. But once you move quickly out the door, and some parts of your product fail, you need to respond just as fast.This requires an ongoing, engaged conversation with your customers. You only fail forward, you only fail better, when you listen to your customers. Qualman argues that social media is the best way, perhaps the only way, to listen to your customers quickly and deeply enough to drive rapid development cycles. It’s not about releasing a half-baked product. It’s about speeding up the product’s improvement cycle, which is something we can all benefit from.Release, listen, improve, release. Rinse and repeat. At Exsilio, our Social Media Marketing team focuses on embedding inside your organization’s message, and can help you sort through the noise to listen better.It’s hard for many organizations to be so nimble in their product/service development, though. What challenges are you experiencing?
Tags: Social Media Marketing, social media, software design, agile, applications
A colleague and I were recently tasked with reviving a client's stale Twitter account. The account had several hundred followers, but had not been active in months. We wanted to find out what levels of engagement we'd see if we actively managed the account for a few months. So, since our project was not particularly scoped for active Twitter management, we needed to track engagement without 1) paying for expensive tools, and 2) unnecessarily spending hours manually tracking our engagement metrics.Here are a few of the tools I've used to effectively track basic Twitter metrics. The idea here is to utilize free tools and remain efficient in regards to time spent on data gathering.
Twittercounter.comMetrics: Follower CountFirst, you'll need a way to track follower count. Twittercounter provides a nice view into your account's follower trend-line, sorted out by each day. You can go as far back as three months. You can also add one or two other accounts, if you’d like to compare your trendline to someone else’s.
Tweetreach.comMetrics: Exposure, ImpressionsNext, you'll want insight into the overall reach of your tweets. Enter your account's handle into Tweetreach, and it'll give you an exportable snapshot of how far your tweets are travelling. Using metrics such as "reach", "exposure", and "contributors", Tweetreach will show you which accounts have mentioned you (sorted by follower count) and how many times your account's handle has appeared in others' feeds. The only caveat in this free report is that the data does not reach back very far. You'll have to check in every few weeks if you want to capture this data over a long period of time.
Analytics.topsy.comMetrics: MentionsTopsy.com will show you a trend-line of how many times your account has been mentioned over a selected time period. Retweets are included. You’ll want to remember that Topsy’s free service only allows you to look back as far as one month.
Bit.lyMetrics: ClicksPossibly the most popular URL shortener, signing up for a free bit.ly account will give you access to a view of all of your created URLs. You'll be able to see how many clicks you're getting on each URL.
Individually, these tools are not capable of giving you very much data, but by using multiple tools, you should be able to pull a meaningful story together. Let us know in the comments if you’ve got any other recommendations or thoughts on free Twitter trackers.
Tags: Twitter Tracking, Social Media Marketing, Analytics, Follower Count, Social Media Tools
“How do my ads compare to others in the search auction?” Have you heard that question before as a marketing manager? In the world of paid search, competition is everything, every click, impression, and conversion drives the business. As such, any marketer wants to know how they stack up against the competition.
A few months ago, Google Adwords and Bing Ads opened up their competitive metrics, to share insights into how your ads and keywords are performing against other advertisers in that same space. This is called, “Impression Share” or “Share of Voice” in Google and Bing, respectively. Impression share is the impressions you've received divided by the estimated number of impressions you were eligible to receive. Simply put, how much of the time was my ad being shown, compared to how many times it could have received an impression.
This is a great overall indicator of the performance headroom in each ad group and campaign. Allowing you to garner a high level overview of your performance, and see if there are opportunities.
Great, right? Well, yes, but it doesn’t tell you enough. That is where your “Lost Impressions due to Ad Rank” steps in. This is an actionable number, because you can control your ad rank through a variety of levers.
Quick recap, what is ad rank? How well your ad has performed overtime, in combination with Quality Score. Quality Score is the combination of a few metrics: Click Through Rate (CTR), Account History, Display URL performance, landing page relevance, and other “black box” numbers that Google and Bing won’t share. Keeping in mind, you can change these parts of your account through some hard work and analysis.
With Impression Share, you can get a quick glance to your performance, and making sure that each day, you’re getting the most out of your account, and the most out of each query. Bing and Google make it easy to view this metric now, so take advantage of it!
For other important pay per click marketing metrics, take a look at my other blog post!
Marketing | Search | SEM
Tags: media buy, second screen, social media
Marketing | Social Media
Often times in the past, I try to delete a file or folder only to be presented with a message kindly reminding me that I can’t delete because it has been locked by another application. So I find the program that has the file open and close it. That’s fine with me because I understand the kernel needs to protect the file to maintain stability.Today, I ran into something new and irksome. Bear with me as I retrace my steps. I was in Visual Studio 2010 and packaged an Azure deployment project. VS creates the app.publish folder and puts the actual deployment package and configuration files in it. So far so good. I make my way over to the Windows Azure Management with my shiny new files. I upload my files and several minutes later, my site is updated and happy.But as life goes, before I have time to bask in my awesomeness, another change to the site comes down the pipeline. No problem. Just rinse and repeat. Make change, compile, package…PACKAGE FAIL!? Hmm..VS is telling me it can’t delete the app.publish folder because it’s not empty. Ok, I’ll help it out. I go to delete the two files inside and...FILE ACCESS DENIED!? “You require permission from the computer’s administrator to make changes to this file.” But….I…am….administrator… As far as my PC is concerned, I’m king of the castle…master of the manor. After bashing the Try Again button repeatedly, I try something else. I go to the file’s properties and the Security tab presents me with “You must have Read permission to view the properties of this object”. Really? I can’t even open the file? So I try it and sure enough, I get an Error dialog: “Cannot open…”. Back to Properties, Security Tab and clicked Advanced. “Owner: Unable to display current owner.” Maybe that’s the issue, it’s confused about who owns it. Being the responsible owner, I click the Change button to claim it. It responds with “You do not have permission to view this object’s security properties, even as an administrative user.” At this point I’m at a loss for words. My computer has gone mad!One last attempt. Open a command prompt window as Administrator, navigate to app.publish and delete. Nope. That didn’t work either.Ok, time to restart. I start to close my windows…Notepad, SSMS, IE….hmm…the last time the file was accessed was with IE to upload to Azure. There’s no way IE locked the file. Could it? After killing the IE process, I go back to VS to package again. SUCCESS! But what the heck just happened. When did IE start locking files? This never happened before? But I did just upgrade to Windows 8 and IE 10. I did some quick sleuthing online to see if anyone else had the same issue but found done. I tried to repro with Firefox and Chrome but either of them were as deviant. My only guess is IE 10 (or at least the Azure Management site) somehow uses HTML 5 upload or local storage in a funky way. And by funky, I really mean ridiculously annoying.
Tags: IE10, Windows 8, Azure
So I got a Surface RT on Monday and have gotten to play with and send around the office and let everyone play with.
I have an iPad and honestly would be MORE than happy to switch off full-time to a MS based device if I could.
Overall User Experience - So it takes a little getting used to, but once you go through a few days and you start to see some of the nuances (pinching, sliding, top, bottom, side), it really is pretty good.
Desktop mode in RT - Even though its an RT machine, honestly its pretty good, lots of stuff is there and just really functional
Syncing between devices - Really pretty cool, between my normal work laptop and my Surface, it syncs really well.
Apps -Yeah, I know's there's less apps than every other platform, BUT for the most part (at least for work) there are lots of Apps (lync, Remote Desktop, Hyper-V Manager, Netflix, ...). So I'd say it a great start.
Other - the keyboard is pretty cool, along with the camera.
NO OUTLOOK! - need i say more? Anyone who knows me, knows I will. So the Surface Email client, just doesn't cut it. if we are going to be resolved to having to use this, unless they want everyone to use OWA instead, then we need some significant drag and drop capability.
The Keyboard - for as cool as it is... the keyboard has a couple flaws. 1. In every commercial they obviously are advertising the hell out of the keyboard, why on earth would they sell it differently. Isn't this a differentor? Sure sell separately (incase I break mine), but also include by default in the device package. 2. if the keys we're just a bit more pronounced it would be great.
Cell Carrier Option - The number 1 reason I won't be getting off of my iPad, is becuase of my ATT plan attached to it and it is the connectivity everywhere tablet. Unfortunately I'm stuck with it until Microsoft adds it. I really just don't understand why.
Confusion in Interface - Its great but its just confusing. I still don't think I understand the iterface and how best to work effeciently in it to the most. I don't know if a help video is needed or some sort of intro app by default (i actully like that one).
Less Apps - They're short. One of my favorite apps is Zillow (to dream about dream houses and what if I was a billionaire :)). They're short, no way aroud that i have to imagine that they'll come.
So, the net its a pretty good device and I like a lot and I can definitely use alot of the time.
Unfortunately until they have a way to cell carrier tied to it (and not through another device), so I can have connectivity everywhere like i do with my iPad. Example, my Sundays where were at the bar watching the games we ALWAYS have the app open for fantasy football (ipad).
Keep more good stuff coming.
Conversions are the most sought after end-goal for most online advertisers; it declares that their efforts have worked. These often come at a cost, and require hours of effort and optimization to ensure maximum efficiency. But there is one conversion that is so simple and so efficient, that it doesn’t even catch our eye.
The Facebook comment. Go ahead, login to your Facebook, look at your newsfeed, and see what appears under a status update. It is your profile picture and a box for you to offer your wisdom to your friends in the form of a comment. This is the most efficient conversion online.
Why? Because Facebook needs and wants you to engage with your friends, that is why you’re there, right? You see your image, you see yourself already there. Facebook allows provides you everything you need to make that final conversion, you just have to come up with a clever comment. Every time you click a like, or comment on a picture or update, you are fueling Facebook. You are converting and adding value to their Friend Graph.
The takeaway from this example is that is that the use can “see themselves there,” they know what to expect, and they know what they’ll get.
General | Marketing | Social Media
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