Social media have become an essential part of the marketing toolkit and must work in tandem with other media to help you achieve your overall marketing objectives. Endless choices make it difficult to make the right decisions. Companies frequently get lost in the clutter of social trends, leading to the elaboration and separation of social objectives from the overall “big idea.” Getting started can seem like an obstacle, but once a social strategy is under way the hardest part is over.

Establishing guidelines and rules for social media allows businesses to overcome the hurdle of social chaos and alleviate unnecessary stress. Parameters should be realistic in light of available resources and messages should have a consistent tone and significance. When clients turn to us regarding social media, we recommend implementing companywide social policies to enforce cohesive branding and messaging. A handful of outspoken and devoted employees may have thoughtful ideas, but do those ideas reflect the unified views of the company?

To begin this journey toward social tranquility, a company must determine which social sites are appropriate for its organization. Social media are not “one size fits all,” but require a tailored fitting. According to writer and blogger Seth Godin, “We don’t need more time, we just need to decide.” Deciding which platforms to use is crucial; however, the “Big Three” of social media are typically a safe bet.

As social media guru Scott Monty puts it: “LinkedIn is the business meeting, Facebook is the hallway conversation and Twitter is the cocktail party.” Perceiving social media in this fashion allows companies to implement specific agendas for each platform in the relevant context. Personalization is important, but becoming an early adaptor of an unfamiliar social platform is not an efficient use of your time – keep that for the holiday electronic wish list.

Take LinkedIn, for example – joining the right groups permits mutually beneficial relationships. Interaction within group discussions increases credit in relevant ways. Facebook helps build relationships with the consumer and merits an open dialog, while Twitter’s character restriction encourages conversation as a fun and witty stream of updates.

The introduction of aggregation tools such as Hootsuite, Tweetdeck, and Buffer has made managing the social space much more efficient, freeing up time and resources while streamlining updates and posts through a single source. Granting individual employees access to aggregation tools allows messaging and topics to be managed and approved through a queue. Additional focus can then be applied to getting in the groove of choosing topics and adding snippets of character. Thought-provoking messaging keeps the social relationship interesting. The worst thing a company can do is spam “friends,” followers, or connections with useless blasts containing minute substance.

As we’ve noted (and quoted) before, “[Social media] is about pursuing relationships and fostering communities of consumers. It’s about rethinking how you make plans when your customers are in the center and in control.” Thank you, Paul Adams (senior user experience researcher, Google); we couldn’t have said it better. Businesses must make sure that they’re building relationships with their social friends. So, forget social overload – stay consistent with your overall objectives, implement social guidelines, share relevant information, and save time using the tools available.

With its ability to target consumers based on their actual shopping preferences, behavioral advertising has become a very popular tool among marketers and retailers. And the behavioral targeting trend shows no signs of slowing down, being applied not only to traditional online marketing campaigns but to mobile marketing as well. That’s because behavioral marketing has proven to be more effective than non-targeted advertising, converting consumers into buyers at more than two times the rate. It’s also more profitable, generating 2.68 times the revenue per ad than non-targeted advertising, according to the Network Advertising Initiative.

How behavioral targeting works

Behavioral targeting uses the cookies from a person’s browser to show that person ads for things they have a proven interest in. So, for example, let’s say you have a client who sells consumer electronics (digital cameras, camcorders, printers, etc.). Using behavioral targeting (and an ad network; see below), you can find consumers who recently performed a search for “digital cameras,” and show them ads for digital cameras just about wherever they go online that features ads.

Similarly, if the person just purchased a digital camera, you can use behavioral targeting to show them online ads for, say, photo printers or photo editing software.

As a marketer, that kind of targeted approach to advertising is incredibly powerful as you can now target campaigns based on consumers’ actual buying and browsing behavior instead of having to guess – and achieve better results (more clicks, higher conversion rates).

As an educated consumer, I realize that online ads are not going away any time soon — and if I’m going to be served ads on all my digital devices (I have too many) why not make them relevant to me? But I also realize this comes with a price. Ads can quickly become irrelevant to me, and marketers may misinterpret my online behavior or invade my privacy.

Privacy advocate groups have the similar concerns. In fact, Google and Mozilla are now introducing Do Not Track features to their browsers (due in part to pressure from the FTC). There is also talk of an opt-out registry, which could be similar to a telemarketers “Do Not Call” list. However, it will probably be a while before advertisers and ad networks adopt such a system.

Targeted mobile marketing

As stated above, one of the hottest areas where behavioral targeting can make a big difference is marketing to a mobile audience.

Mobile devices (namely smart phones) are increasingly becoming a part of the shopping process, as well as a way for brands to really connect with their target audience. More and more, shoppers are using their smart phones for comparison pricing, looking for coupons and discounts, and sharing information about products and services on review and social media sites.

Using mobile behavioral targeting (aka mobile and location marketing) you can now target customers when they check in at locations (using Foursquare, for example) or scan products, pointing them to products or promotions they might not have otherwise been aware of.

Advertising networks and behavioral targeting

To implement your behavioral advertising campaign, you are going to need to partner with an advertising (or ad) network that understands and tracks consumer behavior. Similar to media buyers, ad networks allow you to run targeted ads across hundreds, even thousands, of websites, rather than just on specific sites.

However, all ad networks are not the same. So make sure the ad network you work with understands your target audience (and defines it in the same way you do) and can and will place your ads on sites your target audience is likely to visit.

How behavioral targeting benefits your clients

Not only is behavioral advertising more targeted than traditional advertising, it also tends to be less expensive. So clients don’t need a big budget in order to cast a wide net to catch their target audience. Additionally, the returns are higher, because behaviorally targeted marketing campaigns and ads are reaching the right people at the right moment.

“So where do we start?” This is a good question to ask before jumping into social media. Many companies have already started without knowing it, and others are so paralyzed by the fear of exposure or lack of control that they never get out of the gates.

To get on the right track you first need to develop a strategic plan to control and participate in the ever-changing social media universe. Don’t start prematurely with fancy campaigns to build a Facebook fan base or begin production on a hit viral YouTube video. Hold on to those ideas for now and start with the basics: research, planning, and listening.

But before we even get to the good stuff,  we have to make sure that management is convinced that social media is the right thing to pursue—and sometimes that is easier said than done. We’ve observed that many C-level executives of large corporations were born before 1980 and quite frankly are not typical users of social media. Of course they feel the buzz, but often they don’t have firsthand knowledge of the medium, nor have they experienced their viral powers. So how do you build the business case for your unconvinced boss or client?

The first concern a CEO might have is about the audience: “I’m not certain our niche audience is using this stuff.” This is why you need to come prepared with the compelling facts:

• More than a third of the U.S. population is on Facebook
• Half the human race is under the age of 30, and they’ve never known life without the Internet
• One-third of women between the ages of 18 and 34 check Facebook before breakfast
• Half of all online time is used in social media accounts
• Communications within social media accounts have surpassed email

The stats go on and on, and the numbers keep growing.

If your CEO is still not convinced that her customers and potential customers are on Facebook, show her Facebook users by geographic region. You can easily find the number of  Facebook users in remote zip codes or tiny cities through Facebook’s targeted ad generator. Comparing your current customer numbers in a small city to Facebook users in that same city will show undeniable opportunity. Maybe you need a compelling quote:

Social media is the same today as it was yesterday. It’s just now reached such a critical mass, it’s too hard to ignore. You don’t want to be “that guy” or “that brand” who refuses to adapt to change and loses touch with reality.

—Julia Roy, Senior Manager, Coach, Inc.

If you’re still getting pushed to the back burner, show them what the other big boys are doing:

• 80% of the Global 100 companies are using at least one social media platform
• At least half are reaching audiences through Facebook (54%) and YouTube (50%); one-third maintain corporate blogs
• Global 100s have four or five Twitter accounts, two or three Facebook fan pages, one or two YouTube channels, and four or five corporate blogs
  
  ^{Source: Burson-Marsteller Evidence-Based Communications}

By this point, let’s hope you’ve quickly proven the need to start a strategy, but it’s possible that your company is still not seeing the potential benefit. You might be asked, “How is this going to improve sales or sell product?” This is the end game for all forms of marketing, but social media is a long-term commitment and not an event that brings in immediate returns. Paul Adams, a senior user experience researcher at Google, put it wisely:

Social media…is a way of thinking…it’s not about sales, or ads, or click-through rates. It’s about pursuing relationships and fostering communities of consumers. It’s about rethinking how you make plans when your customers are in the center and in control.

There are many dangers in not being involved that upper management should be made aware of, such as:

• Your employees are already doing it—yes, they are doing it for you, without guidance or brand continuity
• Discussions about your brand are taking place without you
• Incorrect statements about your company and products are living online without being challenged or corrected

Beyond promoting products and offers, there are many other key benefit areas, such as:

• Brand awareness
• Inbound marketing research (it’s an ongoing focus group)
• Community relations
• Customer support
• Recruiting and employee relations
• Investor relations
• Crisis management

Now that you’ve got the management team convinced that developing a social media strategy is the best place to start, you need to perform research, develop a plan, and do some listening. In my next post I’ll address these next steps and best practices.

A social media strategy is almost a requirement at this point for any commercial brand. For most, the common combination of a Twitter and Facebook account fed with frequent posts is usually enough. With every tweet your followers are reminded of your existence, and if you are lucky enough, they may even click through to any links you provide. But harnessing the power of social media in a carefully orchestrated campaign utilizing all the major platforms? That’s an entirely different proposition – and quite a feat if it can be pulled off. Despite the challenge, that’s exactly what the creative team behind Old Spice did.

During the week of July 12th, the incredible creatives at Wieden+Kennedy managed to harness the freakishly strong power of social media to create one of the most memorable ad campaigns the Internet has seen yet. Over the course of two days, the team fielded questions from all over the Internet, and responded by writing and filming 87 short YouTube videos.

The right material for the job

If your target market intersects with the user base of your choice of social media platforms, there’s a direct connection to the walls and feeds of millions of potential customers that is just waiting to be made.

In case you are not already familiar with the Old Spice ads staring Isaiah Mustafa, they originally aired during the 2010 Super Bowl and later during the Winter Olympics. The first commercial shot with its mix of quick shots, random imagery and deadpan delivery proved to have the right recipe for viral Internet success resulting in over 16 million views on YouTube. By mid-July the “Old Spice guy” was already something of a household name in the dysfunctional households of various Internet communities. As a result,  when a call was put out on Old Spice’s Twitter and Facebook pages for people to ask the Old Spice guy questions (you could basically ask him anything) word spread pretty fast, resulting in lots of submissions, giving the writers plenty of source material to riff on. Once received, the questions were sorted through and ranked for effectiveness, and a script was quickly written and filmed, resulting in a short and usually very funny YouTube clip.

The plan comes together

People soon realized what was going on – that there was a direct line to the Old Spice guy and that he might say your name and do something really weird in a widely viewed, personalized video. From there things really got rolling. Soon, such celebrities as Alyssa Milano, Rose McGowan and George Stephanopoulos, bloggers, and other specialty websites (with decent-sized communities, of course, to keep the buzz going) like Perez Hilton, G4TV’s Kevin Pereira (embedded below), gadget blog Gizmodo and the Huffington Post started asking questions. The resulting video responses were linked on traffic driving sites such as Digg and Reddit. And having the Old Spice guy respond directly to a Reddit user and to Digg founder Kevin Rose didn’t hurt either in getting that to happen.

But the great thing was that the videos didn’t have to feature a celebrity to be funny. Seemingly random users provided material that was just as good. And, like anybody who takes a photo with a celebrity or gets an autograph, they want to share it with everybody. Famous or not, when people received personalized videos, they ran back to their community of choice and posted them, further spreading the word.

The payoff

So by targeting high profile Internet figures, individual websites and users known only deep within their respective communities, the Old Spice guy responded to the entire internet. And apparently the whole stunt has paid off. As noted in Adweek “According to Nielsen data provided by Old Spice, overall sales for Old Spice body-wash products are up 11 percent in the last 12 months; up 27 percent in the last six months; up 55 percent in the last three months; and in the last month, with two new TV spots and the online response videos, up a whopping 107 percent.”

Google CFO Patrick Pichette even weighed in on the campaign noting that “It just gives you a glimpse of where the world is going”. Well the world may be going in that direction but how long will it take until people learn to tune it out as they have banner ads and television commercials? Will people allow the occasional weaving of marketing with their entertainment, or will they smell a sales pitch a mile away? Too bad the Old Spice guy isn’t taking any more questions….

Having a blog has become as essential as having a website. Everyone from the housewife down the block to the Fortune 500 company on Fifth Avenue has a blog. According to BlogPulse.com, there were 126 million (and counting…) blogs in 2009. This sudden burst of blogs has been made possible with applications such as Wordpress, Blogger, and Tumblr—which allow novices to whip up their own blogs in minutes.

However, not all blogs are created equal. If you don’t keep up with blogging trends, and think in a smart way about your blog, you may be lumped into the 126 million (and counting…) blogs and go totally unnoticed—and that would be a bummer!

Here are some tips to make your blog more intelligent:

1. Exchange Content for Emails

If your blog is already attracting an audience, why not offer exclusive content to your users in exchange for their email addresses? Sending an email newsletter with content not seen on your public blog, or offering an exclusive download, such as an eBook, will ensure that you give users a reason to hand over their addresses. By building an email list, you can keep track of how often your visitors frequent your site.

Example: I Heart Luxe’s weekly newsletters offers members exclusive content not found on its site.

Example: Travel blog Everything Everywhere gives subscribers a free eBook of blogger/professional travel enthusiast Gary Arnd’s 25 favorite travel photos (in high resolution) when they sign up for email updates.

2. Show Off Your Numbers
Displaying the number of Tweets, Diggs, or Shares your site or post has received will not only show that you have actual readers (hooray!), it will also encourage those readers to share your content and join those numbers.

Example: Smashing magazine displays the current tally of the hundreds of thousands of readers and Twitter followers it has accumulated.

Example: Mashable displays the number of Retweets, Shares, and Diggs for each post. 1,492 Retweets—now that’s just outright bragging!

3. Ask Your Readers for Content
Encourage users to engage in your blog by inviting them to send photos, tips, or thoughts on a particular subject. Most likely your readers are visiting your blog for a reason—and they may know just as much as you (or perhaps even more than you) about the subject of your blog. Inviting readers to submit content creates a sense of community and engages your audience.

Example: Gawker.com makes it inviting and simple to send a tip to its site.

Example: Consumer Reports wanted to predict what its members might want to know about the new iPad before it was reviewed. Readers were asked to post their questions in the comments section of any blog posting.

4. Make It Mobile Friendly
Since blogs have often become a source for instant updates and alerts, it’s important to make your blog mobile friendly. Mobify is a free service that translates your Wordpress blog into a mobile-friendly site supported on up to 500 mobile devices. Another alternative is Google Reader, which generates a mobile view of your RSS feed.

Example: Engadget offers iPhone and other mobile apps for its readers to download.

5. Integrate Facebook
Readers logged into their Facebook accounts will be able to see their friends’ activity on your blog. If there isn’t enough activity, posts with the most recommendations among all of your readers will be displayed. This a great feature for integrating personalized content into your blog—and it’s all in the hands of Facebook. Just fill out a simple form and paste the code on your blog. Set up your site here.

Example: The NHL displays Facebook-recommended posts—you can see what posts your buddies are reading and sharing about your favorite hockey teams and players.

6. Create a Widget You Can Share with Other Blogs
You can share a feed of your blog’s content by creating a grabbable widget for readers to put on their own sites or blogs. You don’t have to be a developer to create a widget—Widgetbox makes one for you as long as you have an RSS feed, or a feed from YouTube, Twitter, Flickr, or one of several other media sites.

Example: Readers or bloggers can post a feed of the latest news from MTV on their own Facebook, Wordpress, Blogger, Typepad, or any of dozens of other personal sites.

7. Get Creative with Ad Space
In some cases advertising is an essential means of maintaining a blog. However, conscious consumers are becoming too savvy to click on an obvious ad, and bloggers are having to give up precious real estate for advertising instead of using it for content. There are more-innovative ways to make money with your blog while conserving space.

Example: Abduzeedo, a graphic design and photoshop tutorial blog, displays an ad wall in its footer—a series of 36 favicon-style GIFs that link to advertisers’ sites. This is a smart and space-saving method to display ads without cluttering your site. (It’s also quite lucrative!)

Example: Just Jared uses an ad network called Pixazza, which matches apparel seen in photos from online retailers such as Macy’s, BlueFly, and Shopbop. With just a click, readers can buy the very same outfit Gwen Stefani is wearing in a paparazzi photo. The ad network’s website doesn’t do a good job of explaining exactly how this works—so I’m just going to assume it’s magic!

8. Make It Fun to Share
Using the Meebo Bar, users can drag and drop stories into their favorite social media sites to share with friends. Instead of monotonously clicking one button, users feel that they are sharing and engaging by dragging and dropping posts.

Example: TMZ uses Meebo to share posts and can view statistics about shares all in one place.

When I was a creative director at HomePC magazine back in the early ’90s, there were lots of articles making predictions about the convergence of PCs, TV, and telecom. Along came WebTV in ’96, a big box with a wired keyboard that made your TV into a monitor for accessing the Internet. Microsoft bought WebTV, but it never took off; it was very clumsy, with a bad browser among other shortcomings (not surprising). Now here we are in 2010, and you can plug your ethernet cable or wi-fi into your TV. Presto, you’re on the Web—sort of.

I don’t claim to be an expert on the television/Internet space, but I can assure you that something’s very wrong with this picture. I’ve been doing a little research and I’ve looked closely at Web-enabled Sony, LG, and Panasonic TVs. These sets do not offer the big, open Internet we know and love; instead, they provide widgets and content channels chosen for us based on licensing deals between TV manufacturers and content providers such as Google, Yahoo, Netflix, and Time Warner.

This may seem to be a huge improvement for consumers. We can get movies instantly from Netflix and YouTube and great content from some of the best media companies in the world. In return, the media companies expand their audience, which will help them weather the recession and diminish their advertising woes. This is great for Sony and Google. But it’s bad for us. As Dan Frommer from Business Insider puts it, “We want a TV with a real Web browser that offers full access to the entire Web via wi-fi/broadband—not some crippled gimmick.”

As a marketer and consumer I have serious concerns with the direction the new Web-enabled TV movement is taking. I’m reminded of the AOL days, with closed proprietary systems where content was pushed and interactivity was limited. The only true convergence happening here is the merging of services provided by ISPs, telecoms, and TV manufacturers.

My exploration into the world of Web-enabled TVs has renewed my appreciation for the current Web—the Web that is free, open, and innovative. We need to remind ourselves that we have a wonderful and fragile resource that needs to be fought for and defended. I hope we haven’t lost the battle when it comes to Web TV, and that it will evolve based on user demand and not on corporate enrichment. Content providers, telecoms, and manufacturers need to realize that with an open Web they’ll have their biggest audiences and happiest sponsors.

If you’re interested in the fight for the open Web and Internet neutrality, please visit these sites:

http://www.savetheinternet.com/

http://www.freepress.net/

http://www.wearetheweb.org/

http://www.openinternetcoalition.com/

http://stopbigmedia.com/

Earlier this month I attended the Society of Digital Agencies (SoDA) conference in New York. The mission of SoDA is to advance the profession of digital marketing through education, discussions of best practices, and advocacy. The conference was billed as an “un”conference, which made the event conversational, collaborative—and at times a little too “un”structured. Still, it was a good experience.

We broke up into groups to discuss hot topics: Challenges of the Modern Agency, Metrics for Success, Engaging Social Media. I had hoped to gain insight into how large companies and agencies are managing their brands within their social-media initiatives. It’s clear that social media should be part of a brand’s marketing strategy, but how are companies controlling their brands’ voices? To my surprise, other attendees from top agencies and brands had similar questions—but few answers.

Some sound ideas popped up, such as the development of branding guidelines for social media, and the hiring of brand editors who can provide a checkpoint before tweets, blogs, and comments are published. These two methods can work fine for blogs themselves, but they can kill the spontaneity and immediacy of a tweet or a comment on a blog. Moreover, what do you do if your entire company is enthusiastic about speaking out and joining in on all the conversations?

If it’s your company’s policy to allow many social-media voices, it’s imperative to set up rules and guidelines and hold your employees accountable. Amber Naslund of the blog Altitude provides great examples of blogging policies from large corporations that can be used as an excellent starting point for developing your company’s guidelines.

If your social-media voice is monitored by a specifically designated department or by an outside agency, it’s easier to stay in control and keep your brand’s message inline. Your social-media captains should plan how they will uphold your brand’s promise in their conversations with customers, employees, and partners. They should meet weekly or monthly with the marketing or brand teams to ensure that all efforts are aligned with your brand’s strategy and corporate culture.

For a Twitter campaign for one of our clients, we create a monthly bag of “evergreen” tweets that are mixed in with spontaneous ones. That client is accustomed to having its copy and creative approved by its legal department and brand managers, which is not an ideal situation for quick tweets about what’s going on at the moment. To overcome this we develop 20 tweets that can be preapproved, and then mix those in with 10 spontaneous tweets that follow our defined social-media strategy. With this method and ongoing monitoring we’re able to lower the risks of tainting the brand, while still appearing spontaneous and continuing to build one-to-one relationships with the company’s customers.

This is new territory, and the best tactics have yet to be determined.  We encourage you to share your experiences and thoughts on how you manage brand continuity in social media for your company and your clients.

The relentless commercials for remote backup almost had me convinced to retire my arcane system of external usb drives and cases of DVDs on my bookshelf. Then a couple of weeks ago that little bit of doubt I was feeling became a reality for users of the T-Mobile Sidekick when a server failure at Microsoft’s Danger division left them holding a dataless hunk of plastic. Sidekicks rely on the servers at Danger to store things like contacts, photographs, notes, to-do-lists and other important user data. Sidekick users could do little but wait for Microsoft to restore the data. The interruption was so bad that T-Mobile temporarily stopped selling Sidekicks.

Periodic outages of cloud based services are to be expected but you would never guess that with the dependency that many of us have on them. Take Gmail for instance – when it goes down for even a minute people freak out. (Hopefully Twitter is available for you to see that link.) Now imagine if your Gmail account just goes poof one day. Unlikely, but many of us would be crushed because backing up Gmail is just not something people do and as a result, our only copy of some of our most important information is in the hands of Google. And that’s the real crux of the problem – the instant gratification of not having to worry about physical media backup is at odds with the long term realization that our important data is in the hands of others. Is the Sidekick issue a hint of what’s to come? Are we doomed to an event of large scale data loss?

We’ve been trained that backing up our data is our responsibility, and I may feel like I am doing the responsible thing by utilizing a remote backup service as a safety net in case of fire or theft, but it’s looking like I may have to start – you guessed it – backing up my online data to physical media in my home. Think of the absurdity of remotely backing up my data to Carbonite for example and re-backing that up to over a hundred DVDs. Anybody looking for a job as a professional backer-upper?

Recently a client asked us for our opinion on a Digimag (or whatever-you-call-it) service called Ceros. I’ve seen this technology grow in popularity over the years, and I have to admit Ceros has taken it to a higher plane. Their product and experience is rich with video, animation and interactivity – but so what.

I can see how print publishers would really love for this page-flipping technology to take off. Their print advertising windows are closing quickly, yet their online advertising windows are not opening fast enough. With Digimags, they are offering an online add-on, attempting to close the deal with the advertiser on that expensive print inside cover or center spread.  In my opinion, this is just another way of putting off the inevitable transition from print to true online publishing – publishing that is centered around knowledge exchange, content that takes place on a variety of platforms and advertising programs based on audience relevance and brand engagement.

Furthermore, is there really a mass audience for Digimags? Nxtbook Media, another digital magazine service, has an interesting real-time map illustrating how often Digimags are read across the globe.  While this is a cool use of Google’s API, showing a reader or two per second – this map is an insult to a publisher’s intelligence.  According to their site, 1.3 million people read a Digimag per month.  That sounds like a lot – but it pales in comparison to the number of people who read online magazines every day.

Digimags are not the panacea for publishers’ woes.  They sacrifice the standards and best practices of web publishing. The content has poor search visibility; there is no room for user-generated content; you need to click and enlarge to read; and you have to drag your electronic paper around to navigate.  Perhaps their future is better suited to a different device, such as the Kindle, as stated in this article.

Finally, producing an issue of a Digimag can cost as much as $100 per page.  Why not put that towards building a sustainable online magazine for your audience and your advertisers?

If you haven’t seen it yet, Worth recently redesigned their website. Back in my magazine publishing days, I was a big fan of Worth from a design and editorial point of view. They consistently produced provocative covers and nicely designed features, and used innovative illustration. The new online version is a bit of a disappointment, especially in the innovation department.

I would give the new site a passing grade for design and branding, but an Incomplete for its business model and user experience. Some minor issues, starting from the top: the global navigation labels are a bit cryptic. When it comes to global navigation, say it like it is. Section titles that have double meanings, like “Live” (“Live long and prosper” or “Live, it’s Saturday Night”) and “Make” (I won’t get into the ambiguous meanings of that one) are too conceptual and not descriptive enough. Your audience wants to navigate quickly, so don’t make your road signs confusing.

Another mystery is why designate so much prime real estate to a stock market ticker in the top right corner? This affluent community is checking their live market reports through other sources, so I would use this space more wisely.

My biggest question relates to the sustainability of this model in today’s online marketplace. If you are going through a redesign, you need to think far beyond advertising as your only revenue stream. Worth has a nice advisor section which could require paid listings but where’s the community aspect to this site? Worth needs to make users their partners in their online operations.

For example, there’s no way a user can comment on a story, contribute to a blog, subscribe to an RSS feed or even an email newsletter.  Are they not building a database?  Where are the plans for bringing this audience of high-worth individuals together with forums, groups and mobile? Once you’ve got them together you can start monetizing and building different revenue streams.  Perhaps charging for listings in a vendor marketplace; posting jobs; offering premium research (leads) or tools; charging for whitepapers and reports; building affiliate programs…the list goes on. There are many different revenue opportunities for a site like this that should be tested.  Without the community tools and infrastructure in place, there’s nowhere to start.

The community aspect might be in future plans and can always be integrated later — but at this point in time, I don’t think this redesign was really Worth it.