China digital maven and lover of all things tech is known for busting out Taekwondo black-belt moves when not in cyberspace.

http://adhigoen.posterous.com

This blog hosts my personal opinion and thoughts about my passion of technology, as well as social media. In no way it reflects anything of my employers or any professional opinion.

 

Utilizing Facebook Advertising

Anyone can start a Facebook page, the question remains on how do you grow them. The most common steps any company would take is to send out their company fan page to the internal team, asking their immediate friends and family to like them. This often followed by a boasting press release of reaching an X amount of fans on the page, but…

Does this help the company at all, getting your friends to like your page or even your content maybe great on the surface, but defeats the purpose of truly reaching out and creating a set of direct conversation with your audience.

After a long time experimenting on Facebook (and still am until today), I’ve discovered some of the following that might help your fan page:

  • Leverage the power of Facebook advertising, but don’t take on an approach of traditional advertising.
  • Running contest and giving away free items maybe great, but how to convert them into your customers.
  • Take your online effort, to an offline effort (e.g. a flashmob to introduce your new Facebook page, a door stopper campaign, etc).
  • I found ShortStack to be the best and affordable tool to create and manage the content via the easily editable CMS. It is also one of the platform that has rich integration with third party systems. They have ready made template, but I recommend setting aside a budget to get it designed properly.

More notes on how to use Facebook advertising (first I think its a different approach on what you call advertising on Facebook):

  • I found conversion for acquiring fans are traditionally low or slow sometimes, but the figures is between 5-10% or could be more depending on what you are offering.
  • Leverage on the power of your existing fans (when I say this, this only works when you have organic fans).
  • It doesn’t work like Google Ads, there are no keywords. Instead its interest, gender, age, language, etc (having said this always take into account that no one will ever complete their full interest or what they like on Facebook, the most basic or common targeting you can use are - age, gender and location).
  • Start with a small budget, I normally start with USD50-100 a day.
  • Always conduct A/B testing on your ads, find out which one works best and then roll out with that one on a bigger budget/scale.
  • If you are intending to lead the ad outside of Facebook, make sure you have a well designed landing page with capture form or conversion point (but take note normally it will be a one time visit only and the conversion is even lower once they’ve left Facebook environment).
  • The best Facebook ads that works are to direct them to your own Facebook page, it can be a post story, promoting an event to capture RSVP, sponsored stories, etc.
  • Before you start the ad however, make sure you have designed a proper landing page. It should be no less than fan gating, introducing who or what you are, what’s your product or service and why they should like you. Try to provide fans reward and best not be a cheapskeat, as they are your fans after all.
  • There is a good reason why you need a landing page, imagine your new fans landing on your wall, where the conversation has happened. You can see why they can get confused.
  • The chance of your fans unliking your page after they became a fan is less than 1%, so no worries there.
  • Focus on engaging ads, something that will draw their attention from the wall for a split second. Maximize and design a great image that demands attention.
  • Got a special announcement or story to tell, use Facebook ad to spread the words to the people or audience that matters to you.
  • Rotate your ads as much as possible and localize.
  • “Great artists steal” go to Facebook Ad Board for some inspiration - https://www.facebook.com/ads/adboard/
  • The minimum threshold for your targeting should not drop below 20,000 otherwise it will not go anywhere.
  • Always go for CPC model, even when there is no click your ads will keep on appearing until the end of your campaign.

Final note, keep on experimenting :)

I will try to keep on updating the ads and share how it works out.

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Is Nokia following the Apple steps?

I still remember it was around 98, when Nokia was the cool phone, the one you need to have. It was (if I’m not mistaken) the first to go without antenna and came out with sleek plastic color designs that can be customized. It used to be a great product, a great phone that everyone loves. I think these days it may need to focus on low to middle market as “how the mighty have fallen”. After years of success, in fact I think they are retracing the Apple path right before 1997.

Their product line has become very confusing, they keep on rolling different models and sub-series for each line. And they only have minor details upgrade or some extra features. Their UI is also not as good or has become more confusing, it used to be really simple. Then there is pre-Windows phone version where they try to come up with “their own” UI but really just copy Apple. The result was not impressive at all, the scroll was just way to weird and no smoothness in transition at all. It just became middle of the road product.

Then came in the desperate partnership between Nokia and Microsoft to launch their latest smartphone. The UI is better, but its not Nokia’s and have stray even further from where they use to be. Whether Nokia-Windows phone will take off, not sure. They still have a lot of groundwork to do and far from Apple or Android.

Anyway, I was picking up a phone for my mum and I noticed several things when I was doing research on which product to get her. Nokia website has just undergo renovation and… it copied Apple layout? It became a lot simpler, with all the navigation bar on the top, search bar on the right, big photos and 3 main sub-promo… it all just look too familiar and did a comparison and yup it is the same.

Next (and I’m still an iPhone user by the way, is just that my mum operates simple phone) I decided to pick-up a Nokia Asha 300 at their official retail stores which is couple days ago. Service and experience was just not great, there was no salesmanship, no excitement about technology and enquiring what type of phone am I looking. Instead I was just left alone until I picked a phone and still no part of it convinced me, I had to go around to several other phone store and decided to came back and convince myself. Worse, its holiday season, no gift wrap, no holiday specials. No wonder the company is in trouble, its not inventing anything anymore, its just contempt going in circles.

And that’s why Nokia’s stock market has slumped from their highest of 39.71 (Nov 2007) to today’s 4.95, that’s a whooping fall down. Pity, for a company that used to be leading the phone industry.

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iPhone 4S launched in KL

Well after months of waiting iPhone 4S has finally arrived in Kuala Lumpur today, so I went to check it out today at the first outlet available. Currently you can only pick it up at Maxis KLCC, I think (and I only am guessing) they have reserved iPhone 4S for people that has pre-registered at their website weeks ago.
I have to say, I was expecting a bit more excitement (something like a long queue line), but there was only a handful of people and I don’t think they even displayed the 4S as a demo, only iPhone 4 was displayed. So I didn’t get the chance to chat with Siri.

Anyway the package is quite pricey if you add up the whole thing and it is kinda of complicated…
First the contract you need to get is here.
Second, if you walk out of the contract minimum of 12 months you’ll have to pay for the rest… ouch.
Last, the plan will evaluate if you are current Maxis customer and instead of just say adding a bit more months on top of your current contract, they increase on top of it… so double ouch (say you have committed a year previously and you have used for 8 months, the new iValue plan will add another 12 months on top of it, instead of just releasing it to you with just additional 4 more months.
Anyway I did a bit of calculations and I think you’ll agree with me… if you are non Malay resident.
Say we’ll take the iValue 1 at RM100, 12 months. Choosing iPhone 4S 16GB.
So it will be RM500 (RM100 x 5 months) + RM1,750 = RM2,250. But you’ll need to stick with the whole 12 months, you can upgrade. So say 12 months plus the iPhone 4S you will be paying RM2,950. And if you walk away from the contract you have to pay the remaining of the months… so ouch if you plan to leave Kuala Lumpur/Malaysia in the next 12 months.

Best bet is to get the unlocked version straight from Apple, check it out here. If you do the math you will end up with RM2,076 (based on exchange rate USD1=RM3.2) no contract and as iPhone is a global phone you can take it anywhere and get a local micro-sim card. Which you can also just pay RM25 to get your sim card switched here or you can take the risk of cutting it. As I am using 2 Maxis plan and I have to say that I am paying varying between 50-150 top per month and its rarely I hit 150. So better to save up that cash and use it somewhere else.
Photo


Kind regards,
Adhi

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Zynga, North or South?

Zynga, has been getting the PR spotlight in tech, gaming, Internet or social media industry for the last couple of weeks. Biggest headline or pressure to launch USD $1 billion IPO offering, largest since 2004 of Google.
First, Zynga has discovered a niche market of ‘freemium’ business model, it can strike a balance between getting cash from its players (although the margin is low) or it can get it from its advertisers that are interested in a certain set of demographics. There are potential in this market, it hasn’t been fully discovered yet and has a lot of growth opportunities. The way I’ve seen multiple research of eMarketer, a lot of companies will be sure to find alternatives way to invest more into the cyberspace as it has proven return whether it is short or long as the online space has matured a long way since the golden days of its launching.

Second, as a social game company, it can compete with bigger companies such as Electronic Arts and alike. Which is pretty outstanding.
Zynga is not only focusing on its current games as their major assets, it is planning to release new stream of gaming again (possibly pending due to IPO to lift up after its first trading this Friday). As well as an approach to the mobile gaming as this is the second largest stream of revenue with 1 billion mobile on the planet and the growing platform of smartphones. It is a market with a lot of potential even if Zynga decided to just tap into 3 providers, aka iPhone/Apple, Android and Windows Phone. Again they can approach this market with either selling the app itself as a game, the virtual goods or tap into the mobile advertising opportunities.

It’s special relations with Facebook, as well as revenue shares will have Facebook ensure it is in their best interest to allow their partner to be successful in their domain. Its presence in several countries such as China and the youth easily addicted to online gaming is another edge. Finally Zynga has over 13 studios under its flag, including the bid for PopCap Games one of the largest successful online game company acquisition will probably catapult them.
Last, who is in the seat of the driver, is he determined? Is he a great leader? Mark Pincus was on the other side of Internet business investment, he was behind several big things from Friendster, Facebook, Yahoo and so on. So he knows the game on two side of the fence and he runs a very tight ship.

I think there is a lot to expect from Zynga if they continue to make great products and the way the social network grows. I guess we’ll see their debut on 16 December 2011.
You can read the details of their IPO offering here.

Zynga_ipo

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The World Mourns for Jobs

Yesterday the world lost an innovator and a dear friend. Someone that has inspired me and hopefully the rest of the world. He works tirelessly and shows what a love on what you do, could change the world. He has not only revolutionize his company, but also created opportunities for others outside and globally. Donald Trump once said “as long as you’re thinking, think BIG”. I believe this is true for him, he believed he could, will and has changed the world. The world is still talking about the Einstein of the Millennium or the third Apple that changed the world. The news reached out globally via news, print, radio, tv, online, social media and just about everywhere. I think the news about his passing is probably bigger than anything else. I first bought my Mac in 2002, what I bought was the salesmanship and was swayed away. I’ve not turn my back to PC ever since (aside from company requirement). Thanks Steve.
Photo

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Group Buying Deals in Malaysia

My apology for not updating the blog for some time, my current project takes up my time than I liked.

For the past 3 months, I’ve observed the rise of Group Buying deal in Malaysia and it is quite amazing, I believe by now there are at least more than 100-200 companies with similar concepts. Here are several I’ve encountered and know of so far:
- Everyday, that was recently acquired by Korean based Ticket Monster is probably one of the early adopters of Groupon model and has been really successful in the market with strong database.
- Groupon, originally called GroupsMore was acquired by Groupon and ranks number 2 probably.
- Others like JigoCity, CouponHouz.com (collects zero commission from merchant, instead collects from members), WeBuy.com.my, Deal4Real.Asia, MyDeal.com.my, etc.

I have also noticed a lot of other sites that would always display “wait until new deals are announced”, this translate into they have not secured a strong merchant database or merchant are just simply refusing to cooperate with them. You’ll notice a lot of sites in Malaysia will have this.I do have concerns on the competitive edge and also the limited amount of merchant in the market that are constantly being lured to do deals with these companies. Their profit margin must take a deep whenever they do this, especially for the smaller business owners. I’ve observed that the average group buying deals that can be reached per deal is between 500-3000 which is relatively small for a country this size and pretty decent Internet penetration. Then comes the customer quality with it, are they just looking for cheap price and huge discount or are they quality is something that can be argued from both side of the fence. Malaysia is also a very price sensitive market, if you look at Hong Kong the average group buying deal price there is anything but cheap, which what I believe is good for both sides - group buying deal company collects more money, merchant pricing is not compromised and also doesn’t have to dance around the cost, at the same time the customers get a great value-for-money deal.

If you also noticed at the business sustainability, you should run between 3-5 deals per day. But the sites in Malaysia runs between 3-10 deals a day and the original concept was supposed to be 1 special deal per day, so you can see their business also needs a certain amount of deals to be bought for them to break-even I imagine from the ads they are spending, staffing and other operations.Then we look at the commission percentages these company will take from the merchant, it varies between 20-50% based on the discounted price (thank god its not based on the original price). But this still means a lot of money for both side, by the way this commission is a lot more than what I have encountered in China which is a lot lower (of course China has the buying power and also the numbers).

My advise before you “make a deal with them” is to look at your business model first, the size and your financial capability. As Group Buying Deals is not about profit at all, it is “trying” new customers (when I say trying as in really trying your hardest to at least attain 5-10% of the clientele, as remembering as it is a price that is sliced in half it of course impact the client quality at the same time, not that all is on the discount hunter side, but you get some of them). Smaller business do need to 三思而行 before deciding anything as your Profit & Loss is very sensitive, especially in Malaysia market.Remembering these are the rule when you go into group buying deal:
- It has to be 50% otherwise there will be no buy, its not about profit but you can’t loose money either. Look at your cost and slightly increase it just to be on the safe side.
- Check what is the commission percentage the group buying company wants, this is where you loose a bit more money. Negotiate!
- Predict what the sale will be and if you are in food/restaurant (which most of deal are), allocate your voucher consumption per day. As you need to balance out between current/old customer with Groupon customer.
- Think of a program and a campaign under-layering it to try and capture and convert them into your business ends in the long run.
- Capture database, mobile, email or even get them to like your Facebook is just some I would run side-by-side the group buying deal.

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