news media bargaining code

What Does the News Media Bargaining Code Mean for Australian Publishers?

The draft news media bargaining code has been released by the Australian Competition and Consumer Commission in an attempt to force Facebook and Google to pay for the news content they publish on their platforms.

It’s a world first as far as legislating for the powerful tech platforms to compensate news publishers for their journalism. 

The draft code, if adopted, will allow eligible Australian media organisations to bargain with Google and Facebook to secure fair payment for their news content. The code isn’t mandating how much should be paid, but rather providing a compulsory negotiating process. 

If the news businesses and the digital platforms cannot strike a deal through a formal three-month negotiation and mediation process, then an independent arbitrator would choose which of the two parties’ final offer is the most reasonable within 45 business days.

This would ensure disagreements about payment for content are resolved quickly. Deals on payment could be reached within six months of the code coming into effect if arbitration is required.

The draft code would also allow groups of media businesses to collectively negotiate with the platforms. This could include, for example, regional and community mastheads.

“There is a fundamental bargaining power imbalance between news media businesses and the major digital platforms, partly because news businesses have no option but to deal with the platforms, and have had little ability to negotiate over payment for their content or other issues,” ACCC Chair Rod Sims said.

“In developing our draft code, we observed and learned from the approaches of regulators and policymakers internationally that have sought to secure payment for news.”

“We wanted a model that would address this bargaining power imbalance and result in fair payment for content, which avoided unproductive and drawn-out negotiations, and wouldn’t reduce the availability of Australian news on Google and Facebook.”

“We believe our proposed draft code achieves these purposes,” Mr Sims said.

“Nothing less than the future of the Australian media landscape is at stake with these changes.” Australian Treasurer Josh Frydenberg

Regulators and governments have become increasingly concerned at the digital platforms’ market power and the slashing of revenues by legacy news outlets in the wake of this dominance. 

In May, Nine chairman and former federal treasurer Peter Costello said that a code of conduct should force the companies to pay about $600 million a year to Australian media companies. 

This estimate seems extremely optimistic for an expected payday, however, with expected blow-back from Google and Facebook.

Melanie Silva, managing director and VP, Google Australia & New Zealand said, “We’re concerned that the draft Code does not create incentives for both publishers and digital platforms to negotiate and innovate for a better future. 

“The Code also discounts the already significant value Google provides to news publishers across the board – including sending billions of clicks to Australian news publishers for free every year worth $218 million.”

Facebook Australia said it was examining the proposed legislation before it would publicly comment.

“We are reviewing the government’s proposal to understand the impact it will have on the industry, our services and our investment in the news ecosystem in Australia,” Facebook Australia and New Zealand managing director Will Easton said.

In its response to the code concepts paper in June, Facebook outlined some of the benefits it says it provides to news publishers in Australia:

“Facebook’s commitment to sensible regulatory frameworks for digital news is in line with the significant support we provide to the Australian news ecosystem. Our support for publishers comprises: free organic distribution of news on our platforms that grows the audience for news publishers; customised tools and products to help news publishers monetise their content; initiatives to assist publishers to innovate with online news content; direct investments by commissioning Australian news content that can appear on online services, including Facebook; and the indirect value to publishers such as brand awareness and community-building.”

news media bargaining code

Australian News Media Rejoice

Michael Miller, News Corp Australia executive chairman said, “While other countries are talking about the tech giants’ unfair and damaging behaviour, the Australian Government and the ACCC are taking world-first action. I congratulate them for their leadership.

“The tech platforms’ days of free-riding on other peoples’ content are ending. They derive immense benefit from using news content created by others and it is time for them to stop denying this fundamental truth.

“The ACCC’s draft Code of Conduct is a watershed moment; it can force the platforms to play by the same rules other companies willingly follow and it ultimately means they will no longer be able to use their power to walk away from negotiations with news creators.

“This code has the potential to benefit all Australians by securing the future for the people and companies who serve real communities with real news.

“I look forward to entering into negotiations with the platforms as soon as possible.”

The Media, Entertainment & Arts Alliance has welcomed the draft bargaining code. It claims it is an overdue step to force Google and Facebook to compensate media organisations for content they have been using for free.

“For nearly two decades Google and Facebook have built enormous fortunes off the back of aggregating content that others have made and others have paid for,” said MEAA Media president Marcus Strom.

“It is a business model that has literally destroyed newsrooms around the world.

“It is time that free lunch comes to an end.”

Some other outcomes in the draft code include:

    • Minimum standards on non-payment related issues – for example, digital platforms would be required to give news media businesses 28 days’ notice of algorithm changes likely to materially affect referral traffic to news, algorithm changes designed to affect ranking of news behind paywalls, and substantial changes to the display and presentation of news, and advertising directly associated with news.
    • Clear information must be given to publishers about what sort of data is being collected including how long users spend on an article, number of articles consumed, and other engagement information.
    • The platforms would also be required to publish proposals for how they would recognise original news content on their services.
    • The ability for any news media business to prevent their news content being included on any individual digital platform.

The ABC and SBS are excluded from the remuneration process, as the government has said that advertising revenue is not the principal source of funding for public broadcasters. Anti-discrimination provisions are expected to prevent Google and Facebook from prioritising publicly-funded news to take advantage of this.

Google has previously firmly resisted paying for news, though it has said it will launch a licensing program to pay publishers for high-quality content for a new news experience launching later this year, with signed partnerships with local and national publications in Germany, Australia and Brazil.

The eyes of the publishing world will be on Australia as this mandatory code unfolds and is implemented, especially how Facebook and Google react, and if other platforms are subsequently included by the Australian government. 

 

FINA l-r Ben Ready, Luke Greensill, Elizabeth Moran, Brenton Gibbs

RGC Unveils Fixed Income Portal To Support Greater Understanding Of $1.5 Trillion Asset Class

A new digital portal dedicated to providing personal investors and advisors with news, education and insights about Australia’s $1.5 trillion fixed income sector will include the country’s first free, independent database of fixed income ETFs and managed funds.

Fixed Income News Australia (fixedincomenews.com.au) is a joint venture between RGC Media & Mktng and Australia’s leading fixed income commentator Elizabeth Moran. It is the second major news portal published by RGC following the launch of the wholly-owned MBA News Australia platform in 2015.

The FINA portal will combine daily news, expert insights and educational articles with a database of 30 fixed income focussed Exchange Traded Funds (ETFs) and more than 110 fixed income managed funds.

With more than $1.5 trillion of government and non-government bonds on issue the Australian fixed income security market is only marginally smaller than the value of all ASX-listed companies combined ($1.92 trillion).

Despite the size of the market, Australian private investors – including individuals, SMSFs and high net worth investors – hold less than 1% of all corporate bonds on issue, compared to almost 20% in the United States. The Federal Government is currently holding an enquiry into taxation and other impediments to the development of a retail corporate bond market.

RGC Media & Mktng Managing Director Ben Ready said FINA would fill the gap for an independent, content-driven, portal that speaks directly to the needs of personal investors.

“Fixed income investing has been the domain of professionals for too long,” he said. “Fixed income investing shouldn’t be scary or difficult and the more we educate people about their options the more people we can help to live a secure, sustainable retirement.”

FINA co-founder and Editorial Director Elizabeth Moran said despite the continued growth of self-managed superannuation and the number of high net worth individuals, Australians still lack a basic understanding of the value and importance of fixed income in a diversified portfolio.

“We are committed to providing the tools and confidence to allow more Australians to invest in fixed income,” Ms Moran said.

“We want to unravel the complexity of fixed income by using language that investors can understand. FINA is all about facilitating greater awareness of fixed income and giving investors the confidence to invest widely.”

“The recent volatility in the share market should be a wake up call to many investors who are over exposed to equities and want to invest in an asset class that provides much greater stability.”

FINA will take a particular focus on covering news and issues about the $10 billion fixed income Exchange Trade Fund (ETF) sector which has grown nearly 500% since 2015 and provides investors with a flexible, transparent and low cost way to increase their exposure to bonds.

Nearly 30 bond ETFs from more than 15 different providers are profiled as part of FINA’s FI ETF Finder.

Ms Moran teamed up with Brisbane-based digital communications, content and creative agency RGC Media & Mktng to create Fixed Income News Australia. RGC is also the publisher of Australia’s leading portals for MBA students, mbanews.com.au and online-mba.com.au.

About Elizabeth Moran

Liz Moran is a nationally-recognised expert in the fixed income asset class with more than 25 years in banking and financial institutions in Australia and the UK.

Prior to becoming an independent commentator in 2019 she spent more than 10 years as the Director of Education and Research at fixed income broker FIIG Securities, helping it grow from 15 staff in 2007 to a recognised brand name with over 6,000 clients and more than 130 staff in 2018. Prior to joining FIIG, Elizabeth worked as an Editor/Analyst for Rapid Ratings a quantitative credit rating agency, writing daily press releases for Bloomberg.

Elizabeth spent five years in London, three working as a credit rating analyst for NatWest Markets. She was part of a team of 30 analysts responsible for rating the Bank’s top 500 corporate clients. Her portfolios included general retailers and alcoholic beverages.

Elizabeth is a Director of the Australian Investors Association (AIA), a contributor to The Australian and the Income Strategist for InvestSmart’s Eureka Report.

RGC was founded in 2015 by Ben Ready and Brenton Gibbs. The company provides a range of digital and communication services including media and public relations, content, SEO, creative, lead generation, and digital marketing. RGC’s clients include some of Australia’s leading brands.

eCommerce: Pandemic Panacea?

eCommerce: Pandemic Panacea?

If the GFC, SARS, Swine Flu and Zika were condensed into a single movie, it would be akin to The Terminator – a film dwarfed by it’s successor in every way. The COVID-19 Coronavirus pandemic, or Judgement Day in this metaphor, is already laying waste to the global economy in a spectacular fashion as we all grapple with our ‘new normal’.

 

 

Long-lasting economic impacts of the pandemic pale in comparison to the immediate, public health disaster that we are faced with as we all battle to flatten the curve and collectively grieve for the fallen. If you feel extremely uncertain about the future, you’re not alone – 39% of people feel the same way, plus another 52% of people feel somewhat uncertain. You’ll also be forgiven if you feel anxious, as nearly half the population share your existential dread, with only a quarter feeling somewhat optimistic according to a report by McCrindle this month (April 2020).

 

 

As most of us stay home for the greater good, we look toward online delivery of essential items like groceries and food. Our thirst for online retail is now more significant and necessary than ever, and we’re now seeing significant spikes in search traffic to terms that reflect grocery store shortages instead.

 


 

As I’ve written about previously, the first to disappear from grocery stores was toilet paper, followed swiftly by hand sanitiser and pasta. A surprising item to sell out nationwide was flour, which I later discovered was predominately being used by housebound Australians to make banana bread. I know one of the first symptoms of Coronavirus is losing your taste; but banana bread, seriously?

 

 

The Pandemic Pyramid

eCommerce analytics firm Profitero have crafted a Maslowian pyramid based on prolific search terms on Amazon. Comprised of 7 need states arranged into 3 groups, this is a great insight into consumer behaviour thus far.

 

 

As you can see, the Survival tier, responsible for consumers emptying supermarket shelves of essentials is predictably responsible for the largest increases in consumer spending.

Marketplace Pulse have been tracking the popularity of items that we’d consider Coronavirus essentials (face masks, wipes, gloves, soap, hand sanitisers, toilet paper and emergency food) since December 2019. Their findings are represented as the Amazon Coronavirus Index:

 

 

Hot on it’s heels is the Embracing Quarantine tier, where those of us lucky enough to work from home begin to splash out on improving the home office, kitchen and investing in puzzles which haven’t seen this kind of demand since the information era began.

 

 

With gyms shut down and fitness equipment now being worth it’s weight in gold (literally, rusty weight sets are now $300+ on Gumtree if you’re lucky) – the urge to improve our health, is nearly 5 times as popular as improving our homes in the top tier.

 

 

Marketers in the fitness sphere have capitalised on this trend, Pattern89 have reported that headlines and body copy featuring sport and fitness topics increasing four times from 5.7% to 21% of all digital ads – talk about those gains.

Aside from fitness bulking up, we’re also seeing a shift in imagery in general being used, with a substantial 27.4% decrease in ad creatives that feature human contact, and a six-fold increase in cleaning/hygiene practices. I know I’m not alone when I feel the urge to shout at the TV screen to tell characters to social distance.

 

Drop Dropshipping

As my colleagues have written about this month (links below) the importance of your tone of voice when it comes to marketing your business in a time of crisis is paramount. You shouldn’t feel afraid to continue to do business, but you should feel compelled to shy away from opportunistic and predatory messaging.

 

READ MORE: Brand Marketing More Important Than Ever

READ MORE: Communicating In The Age Of Coronavirus

 

Now is not the time to prey upon the less fortunate or the digitally naive, particularly with the elderly being one of the largest cohorts being forced to utilise eCommerce and likely lacking the digital cynicism that most of us (hopefully) possess.

Dropshipping stores that rely on wholesale marketplaces like Alibaba/Aliexpress are opportunistic models at the best of times, and Shopify have recorded registrations of over 500 Coronavirus-related digital storefronts since the outbreak.  Not only are they seeking to profit off a global public health crisis and are offering a sub-standard (potentially lethal) product, they will likely be unable to fulfil orders in a timely fashion anyway.

 

 

More worrying still, I’ve noticed an increase in ‘successful entrepreneurs’ marketing their own dropshipping training courses to potentially vulnerable people on social media. These (surprisingly expensive) ‘courses’ offer extravagant promises of outrageous success through creating your own dropshipping eCommerce store by leveraging ‘winning products’ and somehow equating revenue to gross profit. Stranger still, they all seem to pose next to the exact same AMG G-Wagon in the exact same location (a used luxury car dealership).

eCommerce is a fruitful endeavour when you can offer a genuine product, delivered in a timely manner which creates actual value for the customer. Self-isolation is a wonderful time to consider forging yourself a sustainable and scalable digital income, but be wary enough to do it in a way that benefits your customers as much as it benefits you financially.

Keep your wits about you, keep your messaging clean, and spread hope – not Coronavirus.

brand marketing

Brand Marketing More Important Than Ever

 

We’re officially living in the midst of a pandemic and almost everyone has been materially affected. Industries have been turned on their head and in some cases virtually collapsing overnight. Jobs have been lost and businesses shut. And, sadly, lives have been lost, too.

The impact on business and our daily lives has been immense and will continue for the foreseeable future. 

Business and marketing plans have been up-ended or scrapped altogether. Whilst marketing budgets mostly have been pared back in line with operating revenues, it’s imperative now more than ever that you don’t lose your voice, manage your reputation and provide clear information and solutions.

Don’t stop communicating 

Your customers need to still hear from you, now’s not the time to disappear from view, no matter how tough things are. 

Stay visible and engaged, it will help when we come out the other side. Everyone will need to rebuild and those that have maintained their profile and been as positive as possible will be better placed in this regard. Your customers will maintain their trust in you and appreciate hearing about your journey. 

People are feeling vulnerable right now and an empathetic approach is critical. Choose your tone carefully and impart your own lessons learned with simple advice. Keep up your regular content marketing program and engage with your customers across your platforms – your owned channels will be even more important to you. 

Be authentic

Consumers now more than ever will recognise authenticity and true purpose.

Feel-good content that alleviates anxiety and promotes positive messaging will go a long way to enhancing your brand. But a word of warning, you need to show that your contributions are material and not solely for commercial benefit.

No one expects you to have all the answers, but ensure you can back-up what you say you will do. Being able to deliver on your promises is crucial.  Examine your brand voice to see if it’s still appropriate or should be tweaked for the times. 

You are more likely to be remembered for your kindness and generous acts.

brand marketing

Be agile and adapt

Many people are engaging and interacting online for the first time and for others, their online habits are being reinforced and deepened.

You should consider what content people need and pivot with your creative messages accordingly. Listening and talking with your customers will give you immediate feedback about their needs and what they’re looking for from you.

Online marketing spend will increase naturally and take priority over many traditional forms of advertising spend. 

Social advertising spend will increase as people turn to their most trusted brands online for reassurance and reliable useful information. 

Importantly, track trends, measure sentiment and behaviour and adapt to the new way of working. Devise your plans for life beyond this pandemic and understand the impact on your industry and business and be prepared to lead in new ways. 

 

Communicating in the Age of Coronavirus – Tips and Techniques for Managing Staff, Customers and Stakeholders

Communicating in the Age of Coronavirus – Tips and Techniques for Managing Staff, Customers and Stakeholders

The speed and reach of the Coronavirus crisis will be felt for decades. While we are all struggling to assess the impact on us personally, we also have organisations that have obligations and responsibilities to staff, customers and other stakeholders.

Establishing and maintaining clear lines of communication with these stakeholders is one of the most important roles of leadership and management during this crisis. Conveying a sense of calm and control will position your business to return to normal as quickly as possible when (not if) the crisis ends.

Here are some simple things to remember while communicating.

Health & Wellbeing Is Your First Priority

While the long-term economic impact of the crisis is occupying a great deal of people’s thoughts, we are still in the middle of a major, global health emergency. Your first obligation is to create a safe workplace. The number of cases of COVID-19 in Australia is still rising and we must do everything possible to reduce the spread to save lives. ‘Flattening the curve’ is our collective responsibility.

Until we have the virus under control, all your actions and communications with stakeholders MUST put health and wellbeing first. Always provide the information and resources your stakeholders need to meet their social obligations to stopping Coronavirus.  

Don’t be an Expert

The Federal Government, State Government and health authorities are moving quickly to provide detailed, authorative information about Coronavirus to the public. Do not rely on your own experts, your ‘sister’s brother who is a GP’ is not an expert. When advising staff and customers about how to respond to the crisis utilise the range of free information available.

Be Positive

Don’t be afraid to remind your stakeholders that there are still positives. The virus is under control in many countries and Australia has a strong, resilient economy with the capacity to absorb even the biggest shock.

The current health crisis is TEMPORARY, and we are days or weeks from getting on top of it. People need reminding that there are reasons to be optimistic so don’t be afraid to talk up your recent successes or the underlying strength of your industry.

Coronavirus: Ten reasons why you ought not to panic

Communicate Regularly

The situation is changing on a daily basis. The last thing your stakeholders need is an information vacuum, which they will fill with information from unreliable sources and their imagination.

Create the systems, processes and disciplines to communicate on a daily (or twice daily) basis. Send an email to staff at the same time each day, either first thing in the morning or at 5.00pm each evening. Assign responsibility and make sure this communication comes from a trusted, senior executive who has the primary responsibility for managing the crisis.

Create a Dedicated Blog or Webpage

This crisis could go on for weeks or months. Creating a dedicated ‘warehouse’ where you can host and share information is one way to bring some order to the chaos. In a quickly moving situation, having a centralised location where updates and the latest information can be compiled is key to avoiding confusion. Many organisations have already created landing pages dedicated to providing information about the coronavirus and their mitigation efforts. 

We recommend that clients place a link to this dedicated page on the homepage of their website. Key information to include on the page: 

  • Information about whether or not any of your employees or locations have been exposed to the virus. While you should not identify employees, it is important to communicate whether there are any active or monitored cases tied to your organisation or facilities. 
  • Details about your contingency plans. If you serve clients in-person, include information about whether your locations are open or not and how you will or will not serve clients if you close. 
  • Preventative measures that are underway. If your organisation is encouraging employees to work from home, reduce nonessential travel, implement additional cleaning procedures or take any other precautions to minimise the risk of exposure, share these details. 
  • Links to external resources like those listed above.
  • A statement that the webpage reflects the situation as it currently stands and as this is a rapidly evolving situation, your organisation will continue to evaluate the best course of action and update the page with the latest information as it is available. 
  • Contact information for your primary media spokesperson and leadership team member overseeing Coronavirus preparedness. 

Equip Your Staff

Successful communication starts with employees and internal stakeholders. They are always your best public relations people, and public relations people always do best with a good briefing.

Now is the time for CEOs and top executives to communicate with employees and stakeholders and reassure them by stating the steps the organisation is taking. He/she should record an organic (not highly produced) 60-second video—on a current model smart phone­—describing the current state of affairs, steps being taken (to disinfect surfaces and protect people), what is planned next and why.

This video can supplement such written communications as direct mail pieces, emails, texts, and social posts.

Assign People to Create Content

You should quickly appoint a dedicated person or team to take charge of creating and updating your response content, including fact sheets, media statements, Q&As and EDMs

In a rapidly changing environment, it is vitally important all your communication is time stamped. What is true now, may not be tomorrow, so treat all communication as a ‘point in time’ exercise. 

Don’t fuss too much about style guides or templates. Your stakeholders will forgive you if your documents are not up to your usual high standards of design and presentation. It is the substance that matters. It is OK to compromise on these to ensure timely and consistent communication.

 

Prepare for Media Enquiries

Consider the immediate development of media statements for key events/risks that you may be faced with. These statements can be provided to media who make an enquiry, be posted on your website and social media channels. They are important too for your employees and other stakeholders.

Consider the communications needed for the closure of an office or facility, staff member(s) contracting the illness, or unavailability of a key product or service.

Clear communication is necessary, as is the provision of updates as required. Ensure consistency in the nominated spokesperson and tone of voice.

Be Reactive and Engaged on Social Media

In the confusion of managing a business during a crisis, some of the simple things often get forgotten. Monitoring and responding to social media enquiries is sometimes the first victim of threat assessment.

It’s vital that your team are focused on social monitoring during a time of crisis. Any negative social media mentions should be dealt with immediately and with consistency. Any questions should be answered quickly and respectfully. There should be sections of your plan dedicated solely to social media crisis management.

We are all entering a new world, but many of the old rules for effective communication remain. Be open, honest and proactive. Your stakeholders will reward you for it.

Stall Wars: A New Hype - COVID-19

Stall Wars: A New Hype – The Great Australian Coronavirus Toilet Paper Panic

Australia’s lack of toilet paper has made headlines this week thanks to the COVID-19 Coronavirus, with frenzied shoppers fighting (literally) for the last remaining packs of dunny rolls in some sort of feverish, dystopian battle royale.

Coronavirus refers to a family of virus that contain the common cold, bronchitis and other respiratory infections including SARS. What makes COVID-19 hazardous is it’s ability to transfer from animals to humans, it’s ability to mutate rapidly, and that no vaccine exists for it at present.

What COVID-19 doesn’t do is cause spectacular, prolonged bouts of diarrhoea that would necessitate the need for the entire country to go out and buy their bodyweight in toilet paper.

 

 

Why are people stocking up on toilet paper?

Due to our reliance on overseas production of literally everything, pandemic lockdowns have had significant impacts on supply chains worldwide. Uninformed masses picked up on a Hong Kong based political journalist that reported that toilet paper supply would be affected. Now we all get to experience the absolute depths of human depravity in an aisle designed to clean up our undesirable actions.

 

Should you stock up on toilet paper too?

No. Obviously if you’ve run out at home, you’re probably 💩 out of luck now, but there is no point in committing to a selfish bulk buy. Only 40% of our toilet paper is imported from overseas, but for those of us who care about what we wipe our bums with, Kimberly-Clark (Kleenex) has Australian manufacturing facility with ample supply and 24-hour manufacturing.

Kleenex Employees
Selfie from a Kimberly-Clark worker in their warehouse.

 

Why all the hype?

We are social creatures, and a crisis like this (perpetuated by the media and the government’s insistence on multiple daily press conferences) is prompting the most anti-social behaviour in recent memory. Fear of missing out (FOMO) due to a supply:demand imbalance is a key motivator for any kind of hype. After all, nobody wants to resort to using a sock or ice-cold bidet.

It goes without saying that we have a herd mentality when it comes to objects or concepts that we as a community deem desirable, from necessities like toilet paper, to novelty or luxury items like handbags or shiny precious metals, even intangible things like intellectual property or cryptocurrency (or fiat currency for that matter).

 

Tulip Mania

Hype doesn’t stop – or start – with toilet paper, the earliest noteworthy instance of baseless stock shortfall triggering this kind of panic was “Tulip Mania”. Tulip Mania was a dark time in 17th Century Holland where the humble tulip flower was the must-have item to prove your social status – or what the kids nowadays call clout.

Tulip bulbs fetched nearly 10 times a person’s annual salary at their peak, and due to scarcity the resale market was the primary cause of skyrocketing prices. Tulips take nearly a decade to flower from a seed, so bulbs naturally fetched a premium.

The tulip bubble lasted less than half a year, with Dutch investors wallowing in a pit of worthless tulip bulbs they paid so much for.

 

Tulip Mania

A Satire of Tulip Mania (Jan Brueghel the Younger (1640)) depicts tulip maniacs as brainless monkeys.

 

Sick Shoes, Bro

In more recent times, Bitcoin was proclaimed by many to be the modern equivalent of Tulip Mania, which has been covered ad nauseam by nearly every blog on the internet.

I’m a big sneaker fan, so I am at the coalface of the sneaker hype ecosystem in my spare time. The sneaker resale game is a US$2 billion dollar market that is projected to reach US$6 billion by 2025.

 

Nike SB Pigeons

Jeff Staple’s Nike SB Dunk “Pigeon” release sparked riots in New York in 2005.

 

Jeff Staple made headlines in 2005 when he released his Nike SB Dunk “Pigeon” with sneakerheads lining up around the block for a chance to buy a pair of these limited edition shoes. Riots were reported over these pigeon-emblazoned kicks which now sell for over AU$20,000 on sneaker resale marketplaces like StockX.

In the 15 years since, the demand for limited edition shoes has only increased, with heavyweight collaborators like Michael Jordan (Basketball the legendary Nike Air Jordan), Virgil Abloh (Off-White and Louis Vuitton Creative Director), Kanye West (Rapper turned reality TV husband), Travis Scott (Rapper and owner of giant inflatable version of his own head) and the late Kobe Bryant all carving out a significant chunk of the industry with their own signature shoe lines.

 

Michael Jordan Flu Game

A very sick Michael Jordan during the legendary Game 5 comeback victory in 1997. His Airness wears a pair of “Flu Game” Jordan 12’s which maintain a cult following. Sick shoes indeed.

 

Stop, Collaborate and Listen

Hype transcends the shoe and personal hygiene industries, retailers worldwide have taken the collaborative bull by the horns and successfully leveraged it for products as mundane as homewares. Flat-pack furniture and sales maze juggernaught IKEA frequently collaborate with creatives worldwide. Most recently was a collaboration with Off-White’s Virgil Abloh in November.

IKEA x Virgil Abloh MARKERAD

IKEA x Virgil Abloh MARKERAD collection featuring a wet grass rug, giant IKEA receipt, paper bags and a broken mirror.

 

I attended the launch of the MARKERAD collection for three reasons:

  1. Observe how IKEA would handle the scale of a launch like this
  2. Investigate the extent that the devoted customer would go to secure a limited edition piece
  3. I wanted a clock.

 

IKEA Virgil Abloh MARKERAD Launch

IKEA’s foodcourt was packed, and it wasn’t for $1 hot dogs.

 

The turnout was huge, I got there half an hour before the launch was due to start and IKEA had already allocated all of the tickets they had allocated for the products an hour before I got there. More than 20 people had camped out overnight to get their hands on furniture, which featured a backlit Mona Lisa, a chair with a doorstop on one leg, and a green shag pile rug with “WET GRASS” written on it.

 

IKEA Virgil Abloh MARKERAD Launch

Gordon, a hype reseller who does this full time.

 

I met up with Gordon, a reseller who quit his day job to attend releases like this as his primary source of income. Gordon has a contract with a sneaker resale store in Brisbane and has been lining up for things professionally for over 18 months.

Before the first half of the allocated numbers had been called, the Mona Lisa had already sold out. By the end of the day, the only items remaining were a small IKEA toolkit with a “HOMEWORK” embellishment on the lid. Clearly hypebeasts aren’t the DIY type.

You’ll be pleased to know that Gordon got me my clock, which I’m not too proud to admit that I paid a premium on over RRP – but that’s par for the course when it comes to the resale market.

 

IKEA Virgil Abloh MARKERAD Launch

My MARKERAD clock, featuring Virgil Abloh’s trademark quotation marks which are both fashionable and incredibly difficult to use as an actual clock.

 

Befriend The Bar Keeper

Switching back to grocery store wars for a quick final case study, Bar Keepers’ Friend is a canned abrasive cleaning powder that has been produced since 1882. It had a humble single facing allocation in the cleaning aisle in your local supermarket, but then something strange happened earlier this year.

 

Bar Keepers Friend

Bar Keepers’ Friend, still relevant in 2020 after nearly 140 years.

 

Social media discovered that this humble little can could do the unthinkable: it could obliterate the calcified buildup on your shower screens and brighten the kitchen sink with minimal effort. Consequently, the $8 can has been sold out for months despite assurances from Coles and Woolworths that they will meet demand.

Will Barkeeper’s Friend attract a 4-pack-per-customer limit or will it go the way of the tulip? Either way, retailers are cleaning up on the hype.

If the COVID-19 panic is getting you down, here is an incredible Simpsons mashup to lighten the mood:

 

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4 Ways To Protect Yourself From Disinformation

4 Ways To Protect Yourself From Disinformation

You might have fallen for someone’s attempt to disinform you about current events. But it’s not your fault.

Even the most well-intentioned news consumers can find today’s avalanche of political information difficult to navigate. With so much news available, many people consume media in an automatic, unconscious state – similar to knowing you drove home but not being able to recall the trip.

And that makes you more susceptible to accepting false claims.

But, as the 2020 elections near, you can develop habits to exert more conscious control over your news intake. I teach these strategies to students in a course on media literacy, helping people become more savvy news consumers in four simple steps.

1. Seek out your own political news

Like most people, you probably get a fair amount of your news from apps, sites and social media such as Twitter, Facebook, Reddit, Apple News and Google. You should change that.

These are technology companies – not news outlets. Their goal is to maximize the time you spend on their sites and apps, generating advertising revenue. To that end, their algorithms use your browsing history to show you news you’ll agree with and like, keeping you engaged for as long as possible.

That means instead of presenting you with the most important news of the day, social media feed you what they think will hold your attention. Most often, that is algorithmically filtered and may deliver politically biased information, outright falsehoods or material that you have seen before.

Instead, regularly visit trusted news apps and news websites directly. These organizations actually produce news, usually in the spirit of serving the public interest. There, you’ll see a more complete range of political information, not just content that’s been curated for you.

If there are numbers, check the math yourself. Picsfive/Shutterstock.com

2. Use basic math

Untrustworthy news and political campaigns often use statistics to make bogus claims – rightfully assuming most readers won’t take the time to fact-check them.

Simple mathematical calculations, which scholars call Fermi estimates or rough guesstimates, can help you better spot falsified data.

For instance, a widely circulated meme falsely claimed 10,150 Americans were “killed by illegal immigrants” in 2018. On the surface, it’s hard to know how to verify or debunk that, but one way to start is to think about finding out how many total murders there were in the U.S. in 2018.

Murder statistics can be found in, among other places, the FBI’s statistics on violent crime. They estimate that in 2018 there were 16,214 murders in the U.S. If the meme’s figure were accurate, it would mean that nearly two-thirds of U.S. murders were committed by the “illegal immigrants” the meme alleged.

Next, find out how many people were living in the U.S. illegally. That group, most news reports and estimates suggest, numbers about 11 million men, women and children – which is only 3% of the country’s 330 million people.

Just 3% of people committed 60% of U.S. murders? With a tiny bit of research and quick math, you can see these numbers just don’t add up.

3. Beware of nonpolitical biases

News media are often accused of catering to people’s political biases, favoring either liberal or conservative points of view. But disinformation campaigns exploit less obvious cognitive biases as well. For example, humans are biased to underestimate costs or look for information that confirms what they already believe. One important bias of news audiences is a preference for simple soundbites, which often fail to capture the complexity of important problems. Research has found that intentionally fake news stories are more likely to use short, nontechnical and redundant language than accurate journalistic stories.

Also beware of the human tendency to believe what’s in front of your eyes. Video content is perceived as more trustworthy – even though deepfake videos can be very deceiving. Think critically about how you determine something is accurate. Seeing – and hearing – should not necessarily be believing. Treat video content with just as much skepticism as news text and memes, verifying any facts with news from a trusted source.

You won’t – and shouldn’t – believe what Barack Obama says in this video.

4. Think beyond the presidency

A final bias of news consumers and, as a result, news organizations has been a shift toward prioritizing national news at the expense of local and international issues. Leadership in the White House is certainly important, but national news is only one of four categories of information you need this election season.

Informed voters understand and connect issues across four levels: personal interests – like a local sports team or health care costs, news in their local communities, national politics and international affairs. Knowing a little in each of these areas better equips you to evaluate claims about all the others.

For example, better understanding trade negotiations with China could provide insight into why workers at a nearby manufacturing plant are picketing, which could subsequently affect the prices you pay for local goods and services.

Big businesses and powerful disinformation campaigns heavily influence the information you see, creating personal and convincing false narratives. It’s not your fault for getting duped, but being conscious of these processes can put you back in control.

Elizabeth Stoycheff, Associate Professor of Communication, Wayne State University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

podcasting

The Rise and Rise of Podcasting

Podcasting is not new. However, what was once seen as a niche and hobbyist medium has well and truly gone mainstream. 

The art of audio storytelling has seemingly been given a shot in the arm through this format and embraced by content producers equally, from those at the kitchen table through to the larger media houses.

Many people first became aware of them when Apple over 15 years ago first offered over 3,000 free podcasts on iTunes. According to Forbes, there are now over 800,000 active podcasts with over 54 million podcast episodes available globally. 

With low production costs and few barriers to entry, podcasting as a medium is available to nearly everyone. The popularity of portable music players and smartphones has only made accessibility to podcasts easier.

podcastingMichele Levine, chief executive of research firm Roy Morgan, said podcasts are growing in popularity in Australia with nearly 10% of Australians now downloading audio or video podcasts in an average month:

“Podcasts are a relatively new part of the media landscape but are making an increasing impact as audiences for the service are on a steady growth track up an impressive 70% over the last four years to over 1.6 million Australians in 2019.

“The ability to listen to your favourite podcast while commuting to and from work and tuning out from the hustle and bustle on crowded public transport, or just relaxing in your spare time to catch up on what’s been happening in an area of personal interest is appealing to a growing number of Australians.”

Podcast rankings

As the attention of advertisers and brands follows, the seemingly fragmented world of podcasting and audience measurement is becoming more ordered, particularly with radio heavyweights embracing the platform. 

Late in 2019, Commercial Radio Australia (CRA) announced the launch of the first monthly Australian Podcast Ranker which sees Australia’s top 100 most-downloaded and listened to podcasts ranked each month. The monthly rankings can be accessed here.

The ranking was launched with a foundation group of podcast publishers including News Corp Australia, Podcast One Australia, Nova Entertainment, Southern Cross Austereo (SCA), Australian Radio Network (ARN), Macquarie Media and SEN/ Crocmedia.

The rankings are dominated by our larger entertainment groups, with many familiar names including Hamish and Andy at the top. True crime is continually popular with News Corp Australia’s series of crime podcasts ranking highly including The Nowhere Child and Who the Hell is Hamish? 

podcasting

How can podcasting benefit your brand? 

Have you considered podcasting as a means of engaging with your customers and seeking out new audiences? A podcast may well fit in with your brand strategy and content marketing program and provide the following benefits: 

Reach new audiences

Podcasting can help you reach new audiences, especially through recommendations and referrals from satisfied listeners. If your podcast provides relevant and informative listening chances are that others will value your show, even if they’re not currently a customer.

Building relationships with an audience

Even though a podcast provides a largely one-way stream, it’s a great way to speak directly to your audience and is considered quite a personal medium, much like quality radio programming. The audience has elected to opt in, so you have a good opportunity to keep their attention. 

Make your brand more real

If you avoid the temptation of the hard sell and instead provide an informative listening experience and make your listeners feel part of a community then your engagement levels will be high and this will be reflected in brand trust and confidence.

Accurate Analytics

The digital medium allows you to accurately measure engagement by tracking key statistics which may include, amongst others: 

  • number of listens for each episode
  • country or region they listen from
  • ratings and reviews
  • top-performing episodes
  • average length of listening. 
wrting great content concept

Top Tips For Writing Great Content In 2020: A Long List of Something With A Really Long Headline And A Couple Of Subheads

Writing great content that generates traffic, engagement, backlinks, shares and leads is the holy grail of content marketing. 

While there is still no simple recipe, one of the great benefits of the massive amount of content produced and the growth of analytical tools to review results has been a much better understanding of what works and what doesn’t.

We now know with more clarity than ever how to write great content.

Writing Great Content Means Lots Of Writing

As part of its State Of Content Marketing 2019 Global Report, SEMrush analysed more than 700,000 articles from domains that had between 50,000 and 500,00 sessions per month.

The results were not great for lovers of short articles. It showed pages and blogs of more than 3,000 words getting 3x the traffic, 2x the shares and 3.5x more backlinks than articles of average length. Short articles (less than 200 words) are not shared at all 4.5x more often than long reads.

READ MORE: Five Newsroom Principles To Supercharge Your Content Strategy

The length of headlines is also critical to engagement. Articles with long headlines (14+ words) get 3x more traffic, 2x more shares and 5x more articles with short headlines (7-10 words).

The reason for the popularity of long reads is contested by it is safe to assume that as the sheer number of content pieces grows, readers are increasingly being more selective and taking deeper dives. 

The length of a ‘long’ article continues to get longer as well. In 2014,  HubSpot tallied the averages of all of its 6,000+ blog posts and derived that there is a “positive correlation between high performing pages within organic search and word counts over 2,250 words”. Just five years ago SEMRush’s sweet spot rested right between 2,250 and 2,500 words.

If the thought of writing 3,000 (or 2,500) words makes you draw a deep breath, thankfully there is an alternative view.

According to research done by popular blogging platform, Medium, the ideal length for blog posts is 1,600 words (or seven minutes of reading). This result is based on an analysis of the “average total seconds spent on each post and compared this to the post length.” Their research found that up to the seven minute/1,600 wordmark, readers average time spent looking at the post increased, plateauing at the seven-minute mark, and quickly declining after that point.

While length is important, how you use it is also critical. The most important thing to remember is that quality content is what really matters. 5,000 words of dribble will not get anywhere near the result of 500 words of highly-targeted, useful content.

writing great content

Are Listicles Still Important?

There is a reason listicles have spread like a rash across the internet. They work. According to SEMrush, listicles get the most shares and traffic (up to 2x more than other blog types), followed by guides and “how to” articles.

Why do they work? They allow our brain to digest information in a very digestible way. Modern media assaults us with a never ending stream of content. Our brains simply do not have the capacity to sort through the massive volume of information and store in a useful place for easy recall later.

As Forbes’ Steve Denning explains:

“With the tsunami of incoming stuff, our brains will automatically try to find a sorting mechanism and try to make sense of it. So we naturally gravitate to the listicle. Finally! the brain says. A writer who has actually organized thoughts into some semblance of order. The brain sees organization and says, Right, let’s read it.”

Think About Structure

The structure of your article is also critical to understanding, as well as having incredible SEO value. SEMrush identified that well-structured articles with h2 and h3 are more likely to be high-performing. More than one in three articles with h2 and h3 tags have high performance in terms of traffic, shares and backlinks.

Header tags are an important on-page SEO factor because they’re used to communicate to the search engines what your website is about. Search engines recognise the copy in your header tags as more important than the rest. This starts with your h1 and works its way down in importance to the h2, h3 and so on.  These tags will help support the overall theme or purpose of your page.

The content of your tags is just as critical as actually using them. Make sure you are stuffing your header tags with short-tail and long-tail keywords. As search engines crawl your site, they will pick up on the headers and recognise the keywords you are using as important.

This article has been structured to index for search traffic that is using the search term “Tips For Writing Great Content In 2020″

  • My h1 = <h1> Top Tips For Writing Great Content In 2020 </h1>
  • My h2 = <h2> Writing Great Content Means Lots Of Writing</h2>
  • My h3 = <h3>Are Listicles Still Important</h3>

As you can see, I used my h1 to capture the overall theme of the post since it represents what’s most important. I then used my h2 as a subheading to reinforce my h1 and overall theme. The same can be said about my h3 and how it relates to my other headings and overall theme.

The most important tip for writing great content (keywords!) is to give yourself plenty of time to write plenty of words, come up with a great headline, make it a list of something and use your header tags.

Lengthy Harley Quinn Film Title Gets SEO Flick

Lengthy Harley Quinn Film Title Gets SEO Flick

Warner Brothers have hit the rename button on their mouthful of a title for the new Harley Quinn film, citing “search expansion for ticket sites” as their motivation.

It’s not often you have a post-release change to anything as large as a feature film, especially for the purposes of SEO.

Without critiquing the movie itself, let’s just get stuck into exactly how critical your title structure is to give your content the best chance of success.

Supervillains Need SEO, Too

The original title is 69 characters and 11 words long including parentheses:

Birds of Prey (and the Fantabulous Emancipation of One Harley Quinn)

The new title is just 28 characters and 5 words long:

Harley Quinn: Birds of Prey

Harley Quinn’s namesake has now been given pride of place, with Birds of Prey taking a back seat, and the rambling 40 character Australian Psychic Expo word vomit is gone.

 

Why is the title important? Anyone, regardless of their enthusiasm for comic book movies will be able to tell you that this is the Harley Quinn movie. In general, Google show a maximum of 60 characters in Search titles, so by positioning her extremely valuable name 55 characters into the title, listings will exclude her name from appearing at all:


Then there was this headline from Forbes which had a healthy dose of irony:

Forbes Harley Quinn Listing

Whereas the truncated title fits perfectly with 30 characters to spare for the website’s name itself, benefiting local Cinemas and review sites alike, all battling for ticket sales and impressions.

The fact of the matter is, Birds of Prey simply doesn’t hold the same level of brand recognition as Harley Quinn does. It isn’t The Avengers, or X-Men (which suffered a similar blunder with Dark Phoenix). Current trends show that it’s only been as recently as this week that Birds of Prey’s search popularity has started to eclipse that of Harley Quinn’s:

If we compare the original title to the truncated title, the latter is 20 times as popular and trending upward as of writing this:

Even adding ‘Harley Quinn Movie’ to the mix illustrates the link between Harley Quinn and the brand’s success:

Objectively speaking, if this were any other service or product that you were searching for and you were presented with search results that didn’t contain the thing that you actually searched for, you’d probably just keep scrolling. You wouldn’t look for plumbers in your area and click a listing that began with 60 characters describing the van they turn up to a job in.

Admittedly, when I first read the original title for Birds of Prey my mind immediately defaulted to a Troy McClure film of undisclosed popularity:

 

Oddly enough, ‘The Contrabulous Fabtraption of Professor Horatio Hufnagel’ just squeezes in to the 60 character limit, making it slightly more SEO friendly than what I’m writing this article about.

Metatags Aren’t Just For Metahumans

Warner Brothers have been under fire in previous years for strong-arming directors into pre-release title changes, so this could simply just be a change of tact to afford Cathy Yan proper creative control over her film despite the unusually eccentric title raising numerous eyebrows.

Corporate Bean-Counters stepped in to action this unprecedented title change fairly swiftly, speaking volumes about the power of SEO and appropriately structuring your titles to make sure it is seen by as many eyes as possible.

Much like a feature film, your content is a money-making exercise. Business doesn’t run on love alone, you are always investing your time into creating content designed to position you as an expert in your field.

This isn’t saying you can’t be creative with your titles, you just have to be creative in the scope of the platform you’re publishing on. All content delivery methods come with a set of parameters that you must adhere to, which aren’t limited to just movie titles. For example, if you are creating content for TikTok, you wouldn’t use still images. If you are trying to launch a new car model in Portugal, you’d name it the Kauai instead of the Kona. If you were creating a billboard ad for the side of a highway, you wouldn’t use an entire paragraph of text (or would you).

Lyft Billboard

With that said, it’s time for you to start structuring your page titles effectively, they are your ad’s headline in organic search results.

  • Keep them under 60 characters long
  • Use your most important elements at the start
  • Answer a question preemptively (chances are you’re writing the article to answer something anyway)
  • Promote yourself shamelessly

The key takeaway from this scenario is that if the first title you pick doesn’t hit the mark, that’s ok! If Warner Brothers’ can change a movie title, then you can change your blog post’s title (feature image, excerpt or content for that matter) at any time. That in itself is the beauty of creating content for the digital world, you’re only limited by your attachment to what you create.