Tom Levers

Whats the Business Value of Social Media

Posted in BUSINESS DEVELOPMENT, MARKETING, PUBLIC RELATIONS by Tom Levers on January 19, 2010

To many organizations are setting up Twitter, Facebook, Company Blogs without a clear plan. Its not done with Advertising, Direct Response, or Public Relations, and Social Media should not be any different? So here is what you need to ask yourself to succeed.

If questions below are not asked before employees are encouraged to tap social networking sites they can fritter away hours, or worse. Their lack luster commentaries can spill company secrets or harm corporate and partners relationships. Skeptics can draw from plenty of examples of social media experiments run amok.

What’s Your Pitch?
Can you describe what your company does in 120 characters or less? Most companies can not. With all the communications ability we have, our attention span is shorter.

Because the number of people we connect with each day forces us to edit our communication. We cannot have fully formed conversations with dozens of people every day and still have time to write, eat, sleep, drive, play games on our iPhone, complain about the housing market, and look at multiple media formats.

Also, the interconnected nature of communication today makes long-form communication less necessary. When I talk to my friends on the phone, it’s usually a pretty quick conversation. Not because I don’t like my friends, but because they already know much of what’s going on in my life via text message, Twitter, Facebook, email and other short-form missives.

As individuals, we know this is true, and we see how it impacts our daily life. Yet as businesspeople, we can do a better job.

What’s the Type of Result You Want?
What type of program is this? Awareness, Lead Generation, or Loyalty?

What Type of Relationship Do You Have and Want with Your Audience?
What does your audience know about you today? Nothing… to an advocate. Pick segments to focus upon, but make sure they are adjacent on this scale. It’s too confusing to have a strategy that targets advocates AND people that have never heard of you. That would be two strategies, not one.

How Does Your Audience Use Social Media?
Using the Forrester Social Technographics Ladder see http://blogs.forrester.com/groundswell/2007/04/forresters_new_.html , understand how your target audience (as defined by gender, age, and geography) uses social media. If your audience skews older, you may not want to engage in a lot of “make a video” contests, since that segment indexes low on the “Creator” scale.

What’s Your One Thing?
What’s the soul of your brand. What’s the one thing – and it’s not features and benefits. Volvo = Safety. Apple = Innovation. Disney = Magic. What’s on the other side of your = sign? Brand anthropology, and have an agency help you find your one thing.

How Will You Be Human?
Social media is about people, not logos. How will you let down your guard? If you’re a small company, congratulations, this should be pretty easy. If you’re a big company, how can you act small again?

How Will You Measure Success?
Lots of ways to measure social media success, so make sure you determine your key metrics BEFORE you get started. I recommend picking three solid metrics to track. Appropriate metrics differ based on what your objective is for the program.

Focus on what you can actually measure. Unless you have a unlimited budget, enormous resources and extremely sophisticated data management capabilities, you aren’t going to be able to capture and measure every bit of data that comes your way. While some of you may be able to implement fairly impressive measurement practices over the next few weeks and months, most will find that much of the data you wish you could capture, plot and analyze will be beyond your reach. Don’t panic. Measure what you can, make the most of it, and don’t worry too much about what you aren’t able to measure yet. Your ROI analysis will require a little more art than science, but that’s okay. As you will soon see, certain key metrics should give you a pretty good idea of the effectiveness of what you are doing.

Financial outcomes are the most basic metrics. Opportunity sales funnel metrics. No interpretation or estimation required. The most obvious is of course sales performance and prospect generation. So get yourself some sales data.

Along a timeline, your sales data when it comes to analyzing the impact that your activities is having on your sales knowing whether revenue deltas are coming from Yield, Frequency or Reach is pretty important.

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Social Interaction and the Velocity of Change

Posted in MARKETING by Tom Levers on December 11, 2008
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by Tom Levers

Modern marketing methods need to adapt rather than just control

 

Adapting to constantly changing attitudes and behaviors can be overwhelming to the traditional organization, but there are realtime customer message correcting methods that can be used to improve effectiveness.

 

To keep up with the velocity of change marketers must have customer insight to define message development. These capabilities use marketing tactics that are interactive rather than static. Traditional marketing is all about control over advertising content, placement, and timing of your product, price, promotion and packaging. This is great except when the world is moving faster than you can anticipate.  You can reach your buyers using traditional methods, but you cannot participate when an outside variable hits… and you definitely cannot control external factors like the economy, you only adapt.

 

By using multi-audience skills  you can examine a situation from multiple perspectives adapting to meet the audiences’ various needs rapidly rather than at a snails pace. Rethinking marketing communications to build a new kind of function is key, a new kind of capability that will combine customer facing that builds a feedback loop to validate the adaptive customer message. Take a typical product and service organization. Many businesses are in a transformation process that tests assumptions of the modern multinational corporate model. Globalization, combined with the web impacts the ability to communicate in a linear method to customers and investors, using traditional methods, and is overturning the company’s ability to segment audiences and messages.

 together3

Change is rarely a gift from above. It comes out of struggles from below. Just as the barriers between business stakeholders have dissolved, the marketing effort must remove the barriers between communications functions. These functions include direct response, media, public relations, corporate communications, partner marketing, and eventually the company’s citizenship function (if there is one), which is responsible for promoting values and injecting the power of the marketing message in and outside the organization. The typical corporate structure, with sales and marketing to engage customers and a separate public relations team to communicate, plus handling communications to investors, and employees, the process cannot keep up with the correct direction when the organization with many products and many messages can not integrate a topical relevance. It is a marketing department tread mill that is always behind.

 

Traditional advertising and marketing approaches have not been rendered obsolete. TV advertising during live scheduled events, such as National Football League games, provide on-line searches that spike to 10-20 times their normal traffic during the broadcast creates a traditional strength to an interactive activity.

 

However, just one example of adapting to current trends indicated from the  August Simmons Multimedia Engagement Study finds that consumers are less likely to purchase products and services they see promoted on news media, and are less apt to say  products and services shown on news media are high quality.

 

There are five key dimensions of engagement that breaks down how media connects with its audience. The key is to integrate marketing so that Social Interaction is the foundation of theses other marketing dimensions.  

  1. Inspirational: Consumers are inspired by message and have an emotional connection to it
  2. Trustworthy: Consumers trust a particular program, radio talk, magazine or website and believe it is telling the truth without sensationalizing
  3. Life Enhancing: Consumers feel they are learning about new things and places from a particular program, magazine or website, helping to make better life decisions
  4. Personal Timeout: Provide an escape for consumers, who like to relax and unwind while reading, listening or watching media
  5. Social Interaction: Fodder for conversations with other friends and family.

 

It all argues for taking a much more non-linear and contemporary approach to the work of marketing and communications. It starts as a message that every employee owns, and is accountable for its relevant content… so that it drives through the employees social interaction with friends, family and business colegues that are part of the growing blogs, forums, wiki’s, social networks,  customer CRM communications, events, trade shows, Radio Talk Show call in’s, and TV guests appearances to deliver a message that blends with the topical social fabric. The message becomes part of the social  multiplyer of touch points, no matter what event may occur or new information is learned,.

 metrics

This all sounds great… but how is it done?  

 

1. There has to be a willingness to change the marketing process to look for ways to integrate experiential forms of  communicating. This will eventually change the corporate culture into a real time (direct response) culture that permeates the thinking of every employee and program. Doing something always works better than saying something. Use as much integrated social interaction in your marketing as you can.  Use these tactics together rather than in silos. Combine interactive promotions, user generated blogs, forums, social networks, contests, meet ups, road shows, breakfasts, user meetings, conferences,  public sporting events, encourage company pro bono efforts, special needs sponsorships…  in any marketing tactic. Add an element that generates participation with your prospects, customers, employees, and the brand experience.

 

2. Develop Key Performance Indicators (KPI) and  dashboards that indicate a roll up from employee and partner scorecards, that reflects how they are participating with customers not just force feeding them a message .

 

One thing is certain, advertising experts have refined the methods of building a message machine that moves a pitch from point A to point B very effectively. In the next few years the digital divide will hit the marketing organization by distinguishing between those brands that use technology to integrate social interaction (participate) verses broadcast their message. To manage change organizations need to build a mechanism to participate in conversations.  As a marketing organization, if you do nothing but broadcast your message you are not incorporating real-time customer listening into your message development. The key is to build a marketing method that incorporates these new interactive tactics so that the marketing organization can be part of the “experience” of changing product attitudes as the customer expresses their thoughts, hopes, and dreams… so we hear and can articulate the personalized attitudes and needs derived from the changing world and how it impacts our products and services… so that we as marketers can internalize change rather than watch it fly by.

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