Tag / Social Media

by adam

The Powered Social Marketing Help Desk is Open

lucy_doctorIf you haven’t yet come to know the team at Powered, you are missing some great minds in the social media business. In the past year I’ve gotten to know Aaron Strout (Powered’s CMO) and Doug Wick (Director of Business Development), and both of them are great connectors (I still continue to refer to Aaron as the “Kevin Bacon of Social Media.”)  Separately, as I am working to build our social media practice at Rosetta (more on that in a future post), we have started working with partners like Powered to help our clients with social media initiatives.

To that end, I’m excited to help Powered kick off a new webinar series, the Social Marketing Help Desk.  Please join me as a guest while I attempt to play a best supporting actor role to hosts Doug and Aaron – No powerpoint, no sales pitches, just good conversation about social media marketing… answering questions from you.  Here are the details:

Date: Wednesday, July 29, 2009
Time: 3PM Eastern / 2PM Central
Please click here to register with Powered

Have a question for us?  Drop a comment here or on the registration page and we’ll do our best to include it.  I expect we’ll take some live questions as well.  Thanks and I look forward to hearing from you.

Photo credit: Brian_Ford via Flickr

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by adam

Understanding How Social Media Impacts the Purchase Path

inspection

Few marketers dispute PPC as an effective and measurable online channel.  Social media, in contrast, is currently subject to dispute.

One of the more compelling arguments for pay-per-click search marketing is the ability to attribute web sales directly to clicks from search advertising.  ROI can be measured to multiple decimal points tying the amount of spend invested in bidding on keywords to the direct revenue and conversion.  When the conversation changes to social media, there are debates about ROI, a lack of proven approaches and many marketers still viewing social media as experimental.  [“Conversion” for those not familiar with web analytics is defined as a visitor to a web property who completes a targeted action, including signing up for an email newsletter, adding a product to a shopping cart, or completing checkout.]

Skepticism Abounds

A way to address the skepticism marketers have about social media is to draw the same correlation to the purchase path as search marketing.  Notice I did not suggest “the” way to address the skepticism —  providing better metrics won’t give the complete picture of social media benefits, but it will start to quantify the role social media can play in a marketing strategy in terms that internet marketers deal with already.  For example, today Webtrends and Radian6 made a joint product announcement tying traditional web analytics to social media monitoring, through Webtrends’ Open Exchange platform.  This is just the tip of the iceberg.

Establishing Credit

Traditional analytics tools give credit for conversion to the tracked marketing activity before the conversion takes place – a “last click” methodology.  This could be a search query prior to a site visit, an ad clicked through on a search results page or a banner ad.  Those in the SEM and Display Advertising industries would tell you that while these metrics are precisely measured,  a major challenge is to quantify all the “other” touchpoints a consumer has prior to conversion.  (Rosetta, my agency, has a differentiated approach to marketing analytics that does capture “view-thru” – tracking that a user saw a display ad days or even weeks prior to a conversion event).

Here is what I would like to see analytics vendors or social media monitoring platforms do to start to quantify the measurement:

  • Track participation in social technologies in similar fashion to traditional ecommerce sites (defined conversion events, page views, length of visit).  A potential limitation is that brands may only be able to track measurements based on assets they control (hosted communities, hosted blogs, custom widgets, etc).
  • Tie search engine queries, organic search site visits and PPC ad clicks – and ultimately, conversion – back to whether the user had participated in a social technology, and measure typical length of visit/level of engagement both before and after conversion.
  • Provide in one dashboard the ability to identify the direct correlation between social marketing initiatives to conversion and revenue.

This level of data would help marketers more directly measure the success of social marketing initiaitves and make at least part of the intangible, tangible.  Is that a lot to ask?

Photo credit: premasagar via flickr

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by adam

Facebook is the Gateway Drug of Social Media

FacebookaddictionNew joiners to Facebook go through phases – understanding privacy, etiquette and addiction.  But what happens when they settle down?  The functionality of Facebook is a “lite” version of many other social technologies many have come to know.

Facebook is growing strong, recently passing the 175 million members mark.  I’ve seen many folks go from skeptic to addict in recent months.  My parents are on Facebook.  My neighbors are on Facebook.  My high school class is now mostly on Facebook when 6 months ago it was the exception.  My CEO, clients and colleagues are on Facebook.  Campers from summers in the late 80s and early 90s when I was a camp counselor are on Facebook.  Facebook dominates dinner conversation with friends, and Facebook regularly freaks out my wife when people she talks to know what I am up to.

Take a look at what people are doing in Facebook after they get through the initial connection streak:

  • The “25 things about me” meme is one of a dozen different types of viral “notes” going around.  Isn’t this a form of blogging?  I doubt many would claim the “Blogger” title though.
  • Over time, more people seem to use status updates more.  I don’t have any scientific data to back this up, but I’ve noticed people slowly adopting using the status update for a funny anecdote, what’s for dinner, a victory potty training moment.  The status update has many similarities to Twitter.
  • More people are posting and sharing links, photos, and other content.  Enter (arguably) easy to use versions of Delicious.com, Flickr and Friendfeed.

acpromFor these reasons I think Facebook is an easy “gateway” for those who don’t use those other tools day to day and are building their communities – and it may even encourage more adoption of Twitter, Friendfeed and other tools down the road (especially with their integration to your News feed).  All of these features add up to introducing core social media technology functions to the average Joe – who also happens to own a scanner and is sharing pictures of me from my senior prom.  (The mullet was all business in front, party in the back, I swear).

Did Facebook introduce you or people you know to social media?  How’s it going so far?

Photo credit (above): escapetowisconsin via Flickr

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by adam

How has Social Media Helped You?

This morning while doing a demo of Twitter I asked the question, “How has social media helped you in an unexpected way?”  Industry knowledge? Building relationships? Free hat? Catching an unreal bacon recipe?  Thanks much to a responsive group of followers, I received many responses – some deep, some funny, some insightful, all valuable to once again show the immediate response and community value of Twitter.  Thanks to everyone who replied – as promised, here are their insights and Twitter IDs.  (I’m at @adamcohen).

mattceni@mattceni @adamcohen – user validated data has helped me cut through the noise to find whats relevant and good.

aapjerockdt@aapjerockdt @adamcohen boost downloads of an open source app we made to 1000 downloads in 48 hours: [url removed – love the twitter feedback but not trying to promote biz]

patrick_grady@Patrick_Grady @adamcohen Wow. Lots of ways. 1 – exposure to info I wouldn’t have seen. 2 – met peeps with great synergy and things to share / learn.
@Patrick_Grady @adamcohen tech support… idea bouncing… more.

starrgazr@StarrGazr @adamcohen How has SocNets Helped? It’s all about the people you meet which is even better to meet F2F. I can’t even begin to list the ways.
@StarrGazr @adamcohen How about the loan of a camera when mine died days before covering Obama’s camp NH Primary night from someone who …
@StarrGazr @adamcohen …I had never met before in person.
@StarrGazr @adamcohen Of the offer of a power generator from another person during the ice storm and an offer to help pick it up from CT?
@StarrGazr @adamcohen Or perhaps being published all over the world through exposure in SocNets?
@StarrGazr @adamcohen Or perhaps just being able to have an amazing year covering the primaries and being able to attend the inauguration.
@StarrGazr @adamcohen Or being a guest in a church and the home of a minister in the United Kingdom while traveling out there.

4spoken@4Spoken@adamcohen It has allowed me to take a fairly small niche, and connect with people I would have never been able to connect with otherwise

jordansalvit@jordansalvit @adamcohen SM has taught me a lot about businesses and fields I am not involved in. It also keeps me better connected with those that I am.

tippyz@tippyz @adamcohen Social media/net has increased my knowledge of people I already knew, well beyond what I expected –> stronger relationships.  [Great one Dan]

rsomers@rsomers @adamcohen for me benefit is creation of new & expansion of existing offline relationships. Twitter esp b/c time cost of interaction is low

barbarakb@BarbaraKB @adamcohen Social sites forcing OpenID transparency thus easier to make & trust online friends. W/this trust, grow business. 🙂

boggles@boggles @adamcohen the biggest surprise for me was how Facebook has grown into a free version of long-lost friend-finder. High school memories!

marc_meyer@Marc_Meyer @adamcohen I now have an instant knowledge base that I can tap via SM which opens up sometimes a better way to do what I do-  [I agree – much to learn from these folks]

stuartcfoster@Stuartcfoster @adamcohen I got a sweet hook up on a hat at the TD Banknorth garden courtesy of the tag team of @mbrinkerhoff and @michele_moore 🙂

hereitcomes@HereItComes @adamcohen How about the loan of a camera when mine died days before covering Obama’s camp NH Primary night from… [URL removed]

barndance@barndance @adamcohen My own involvement helped me help Lindblad Expeditions jump-start on Twitter. And that’s great for eco-minded tweeps & them!

nhscooch@nhscooch @adamcohen All I can say is that is where I found the Bacon Explosion – TY twitter and @adamcohen [just don’t come after me for cholesterol medication]

chadnorthrup@ChadNorthrup @adamcohen I love having an extended network to banter with during sporting events. It made last year’s Sox playoff games even more fun.  [Couldn’t agree more, especially with Red Sox games.]

shonali@Shonali @adamcohen Making unanticipated connections that have helped me personally and professionally. And give me courage.

beverlycornell@beverlycornell @adamcohen got to meet you. Actually, I have a few interesting stories. 😉

For me, much of my surprise in social media is the general willingness of people to help – this demo is no exception.   How has social media helped you in an unexpected way?

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by adam

Brand Motivation for Listening

listeningThis post is co-authored with Gargi Patel, Rosetta‘s new Director of Social Media. Gargi has spent several years as a community manager for large consumer brands and we’re fortunate to have her join the Rosetta team.

Everywhere in social media it’s clear: Listening is important.  It’s probably the most important thing you can do to make the most out of social media, whether it’s for your business or for personal interest.  It’s easy to start – Chris Brogan‘s posts on starting with listening channels make up an all-time great reference kit and should be Chapter 1 in the Great Social Media Reference Book.  If every spammer read those posts first, they’d realize they have the wrong idea, but that’s another blog post topic.  If “start listening” is Chapter 1, Chapter 2 should be all about motivation.  Is the motivation for listening different for every brand?  You bet.

Listening, qualifying and quantifying to channels in social media is going to yield different information for every company.  A key to sifting through this is understanding the company’s brand perception and position in the market. Here are some factors that may influence how to move to the next step before turning listening into action.

1.  Brand Development Lifecycle

Does the brand need to build a fan base or just largely maintain its reputation?  For brands with a large public presence or existing polarity in the marketplace, robust analytics and tools with real time alerts are probably necessary.  For very young brands or small businesses, free DIY tools on the web may suffice.  The lifecycle of the development of the brand will influence the reasons for listening.  For example, Budweiser is going to have different motivation for listening and perhaps require different tools than Magic Hat, a lesser known (and personal favorite) microbrewery based in Burlington, VT.   Don’t forget that all of these tools can be used to listen to non-branded terms and competitors in the same way – the lifecycle of the brand will influence those too.

2. The Customer’s Level of Risk

How much risk does the customer need to take on to buy your product?  Is it expensive, does it carry social risk (bad outfit) or have potentially big consequences (insurance)?  The extent to which recommendations from an online social source are impactful depends on the degree of involvement in the purchase.  Cars, insurance policies, and electronics are examples of categories which are highly researched prior to purchase.  Online reviews and chatter in forums can be extremely beneficial or extremely dangerous for these types of items.  Many lesser known items such as books or CDs can also be highly dependent on social reviews.  On the other hand, a low ticket or lesser known consumer brand will have very different needs from its social media monitoring, and customers may be less concerned with doing research.  Building brand awareness may be more important to these brands and subsequently influence what companies are listening for.

3.  Brand Differentiation

Are purchase decisions based more on objective product or service features or based on emotional brand affinity?  To a large extent, products/brands fall somewhere in the middle of this continuum, but many will lean heavily one way or the other.  For example, most people choose a particular airline based on objective service, price and benefits.  Some people buy computers based on an objective evaluation of features to price, but then there are brands that have built an emotional connection (Apple).  Chocolate milk is a commodity, but a brand name can draw a premium based on brand affinity (Nesquik).  Listening to why people differentiate brands will be key in developing an approach to engage those folks down the road.

How we listen, why we listen, and ultimately, how we use this information to engage with consumers will be different depending on the brand proposition.  Does your company listen?  What is your motivation?  What else did we miss?

Photo credit: Okinawa Soba via Flickr

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by adam

Slideshare: The Future of Social Networks

Charlene Li, one of the authors of Groundswell, pulled together a very thoughtful presentation on the future of social networks.  She continues to be a visionary in the social networking space.  I’ve been using LinkedIn for nearly 5 years, and Facebook for 2 – envisioning these applications and predictions coming true are not as far fetched as they may seem.  What do you think?

The Future Of Social Networks

View more presentations or upload your own. (tags: advertising media)

 

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by adam

Untapped CRM: Social Breadcrumbs

listeningpostMarketers have a lot of data. Online, they know where you live, what you clicked on, and what page layout (among other things) is more likely is going to drive you to make a purchase. They know what you searched for, what ads you saw and how long you spent on their sites. Signs are pointing to an elevated sophistication of using that data – get ready, because with the ability to combine your activities in social media with your online behavior, targeted, personalized approaches to marketing to you could be what’s next.

Exhibit A: CMO’s want to read the tea leaves

Mark Taylor, colleague at Rosetta, recently mentioned a study from the CMO Council that highlighted some key insight as to how CMOs feel they are deficient at understanding and leveraging customer data. Some key findings:

Marketers were asked about their top three areas of focus. Among the responses cited:

* 47% want to leverage existing resources to enhance customer communications.
* 41% would like to explore new customized communications technologies.
* 39% want to move marketing investments to Internet and mobile channels.
* 33% wish to improve behavioral targeting of advertising and online marketing campaigns.
* 32% want to adopt and use CRM and sales automation applications.

Exhibit B: Online activities reveal customer emotions and behaviors

I had a conversation earlier in the week with Evan Schuman, former retail technology editor for eWEEK.com and PCMagazine and author of the retail industry blog StoreFrontBackTalk.com. Evan recently posted a provacative article about how semantic information about a user’s activities could lead to more targeted marketing activities, and I’ve had it on my mind since.

Extensive analysis of a consumer’s Web interactions has been used for years to try and target pitches more effectively. But new research suggests that…every digital comment made by consumers anywhere—in a product comment, an IM, on a social network site, in E-mail and via, exchanges with a live chat tech support person, coupled with Web traffic analysis—can be mined for hints as to emotions and other thoughts.

What it could mean

Imagine what organizations who are savvy enough to tie their CRM data to semantic, social media content left as breadcrumbs out there. Evan rightly suggests that every consumer responds differently to emotion. When you’re sad, so you seek out comfort food or buy some new music? When you’re happy do you surprise your spouse at home with a gift? Could your social media activity be somehow tied, through emotion, prior history, or simply by subject, to your purchasing or brand buying behavior?

Some examples

Consider some possibilities. I’m sure we could come up with better ones together but here’s a stab at some.

  • In Twitter your posts could be mined for relevant information. Say, you have a cold and are under the weather, and you like to post about it as you are down in the dumps. Imagine a coupon for Advil Cold & Sinus showing up in your email shortly after you have a conversation about cold remedies, and a targeted ad on a news site gives you 20% off on a home humidifer.
  • In Friendfeed, you show a pattern of mentions about football in blog posts and comments, and favorited Youtube videos – and your favorite team wins the next playoff game. Knowing that when you are on an emotional high you tend to make an online purchase, retailers start showing specific discounted offers pop up on eBay and Amazon related to your team. Beyond the fact that the team won, taking it to the next level targeted people whose buying behavior changes at these peaks.
  • Imagine if in a Myspace posting you share the loss of a beloved pet. You start seeing ads and receiving offers for “comfort” items.

Evan responds,

What consumers receive is nothing bizarre: A pitch from Amazon or Borders or Walmart for a particular kind of product. But what they won’t likely know is that the pitch was prompted by … a MySpace posting the software thought “sounded sad.”

Technologically? This is quite do-able. Psychologically sound? If the software is done properly, yes, these predictive packages can be frighteningly accurate. But here are the big two questions: What about privacy and morality?

Sure there are many concerns about privacy, morality, and transparency. Is it going above and beyond using this type of data to target customers, or just the next logical evolution? It sure makes me think a little more about what I share on searchable outlets, but I am not so sure connecting me with the right products at the right time would be a bad thing. What do you think?

Photo credit: fenchurch via flickr

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