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Archive for the ‘Branding’ Category

Who’s Branding “You, Inc.?”

May 11th, 2011

By Adam Karwoski, Founder of Social Brand U

Two years ago, a friend of mine asked me if I was on Facebook. I replied in a somewhat haughty tone, “No, I’m not 16.” Today? I tweet! I’ve not only embraced social media but evangelize to others about it. I have a brand.

Shortly after I was laid off last summer, my mother, of all people, told me she saw a CNBC segment about how companies use Twitter to find talent, find customers, and build loyalty. I had to laugh. My mom is 74 years old and not exactly on the information superhighway. She does, however, surprise me from time to time with knowledge of topics of the day. The second thing I did was laugh again, because my impression of Twitter was that it was designed for Taylor Swift or Chad “Ocho Cinco” to communicate with their “fans.” Twitter, it seems, is the most misunderstood social medium out there.

I did a little research and found out she was right. The enterprise presence on Twitter was amazing. So I created an account and learned how to use it. My intent was to find out which companies on my “target list” had a presence on Twitter and how I could leverage that presence to get in front of the right people. What I discovered was a community of recruiters, career coaches, resume experts, industry leaders, job boards, and subject matter experts of all kinds expressing compelling information that was not only relevant, but extremely insightful, timely, and practical.

My interest skyrocketed, and as I added followers, I began to understand that Twitter is really about a conversation with a community of like minds. There were individuals willing to help, share, learn, advise, teach, inform, and ultimately, build relationships. I’ve spent my adult life in the wireless technology business and have a passion for communication. How did I not see this one?

I started to share with others in my circle of influence what I was learning about Twitter, and it was met with the same amazement and intrigue that I had experienced. I’m not sure if I’m more surprised by the number of people and companies using Twitter or the number who don’t. In addition, I never suspected that Twitter could be such an effective tool for branding either one. Zappos.com’s CEO is a great example of how effective it can be.

I spoke to some college students recently who I thought would be heavy users of Twitter, but I was wrong. They had the same misconceptions about Twitter that I did and had almost the exact same comment: “I just don’t get Twitter.” In today’s employment market, with so many experienced professionals needing jobs, college grads need any advantage they can get. Someone should be teaching these Generation Yers how to: 1) identify opportunities with the companies and industries represented on Twitter, and more importantly, 2) how to use social media, including Twitter, to brand themselves in the marketplace.

Those of us who are forty something can be using it, too. Once we get beyond the notion that Twitter can be used for something more than letting friends know where happy hour is going to be, watch out! Imagine the advantage we can have knowing how to use social media to communicate with peers, customers, and employers around the globe, in real time, accessing a wealth of education and experience from the tips of our fingers on any wireless device in the world. Our microblogging activities (i.e., tweets) actually help build our brand at the same time.

So I have one question for you. What’s your brand? The answer: whatever you want it to be. There are many ways to brand YOU. Twitter is unique because it requires you to be concise, compelling, and relevant. You speak to the topics you’re passionate about, and in turn, build relationships with others around the world or around the block. One tip: have the courage to be you.

What’s my advice? Think about what your brand will be three months or three years from now and start branding “You, Inc.” today. Oh, and always listen to your mother.

Posted in Adam Karwoski, Branding, Community, Facebook, Generation Y, Microblogs, Relationships, Smartphones, Students, Twitter | 1 Comment »

Search Engine Optimization Versus Social Media Marketing: A Battle that Doesn’t Need to Be Fought

April 13th, 2011

By Rob Croll, Professor at Full Sail University

Successful organizations know that their customers now “find” them online in many ways, including Google searches, Facebook pages, customer review sites, social shopping sites, and more. Some interesting facts and figures:

More than 16 billion searches were conducted worldwide during October 2010, according to data from comScore.
More than 250 million people use Facebook on a daily basis.
Twitter claims more than 50 million tweets per day.

That’s a lot of online activity, happening in a lot of different places. For organizations trying to maximize their effectiveness, it can be difficult to prioritize. Factor in limited budgets, and it’s easy to fall into either/or arguments, particularly regarding search and social marketing.

The arguments for search engine optimization (SEO) typically include that it’s often more targeted, that searchers are actively “looking,” and that traffic from search frequently converts better. The arguments for social media marketing typically include that it’s better at building longer-term relationships with customers, that it gives you more control since it’s not reliant on search engine algorithms, and that the social aspect allows for customers to engage with and evangelize brands.

However, any argument over which is better—search or social media—fails to consider the inherently symbiotic relationship between the two. In today’s world, focusing on one to the exclusion of the other is folly for most organizations. Of course, the relative merits of each differ depending on the goals of the organization and, more importantly, the objectives of the web user.

In a post called Comparing SEO and Social Media as Marketing Channels, Rand Fishkin of SEOmoz noted that “search is an intent-driven activity. We don’t search casually (much), we search to find answers, information, and goods and services to consume.” Visitors who arrive at a site from a search engine are specifically looking for something. Generally (though not always), these searchers are further along in the purchase decision-making process and thus potentially more valuable, at least in the short term.

Social media marketing, however, brings potential customers of a different type. These visitors expect more dynamic content and more opportunities to engage and interact. Even if they don’t have an immediate intent to purchase, these potential customers represent a longer-term opportunity for organizations. If they feel positively about your brand, they may share that enthusiasm within their own circle of influence, expanding the reach of your marketing activities. Building a relationship with them also greatly enhances the likelihood that they will do business with you in the future. For example, studies show that individuals who have been exposed to a brand message in social media are more likely to click on an organic search listing for that organization.

Finally, consider that results from a searcher’s social graph now appear in the search engine results directly. These social results typically include an image, which increases the likelihood that they’ll be clicked. In an article on Search Engine Journal, Bill Sebald gives an anecdotal example of getting search engine traffic for keywords for which his blog didn’t organically rank well. That traffic was being driven by what he calls “the eleventh listing”—the “results from people in your social circle” on Google.

It’s clear that the relationship between search and social will continue to grow in the future. Search engines have been seeking to incorporate more social signals for some time now, and the momentum shows no signs of slowing. With advances in technology and shifts in consumer behavior, it’s time for marketers to look at search and social media as two critical—and inherently interrelated—components of their overall efforts.

Posted in Branding, Engagement, Facebook, Google, Marketing, Relationships, Rob Croll, Search Engine Optimization, SEO, Social Shopping, Targeting, Twitter | 2 Comments »

Are We There Yet? Tuning Up Your Metrics

April 6th, 2011

By Marian Burk Wood, Author of The Marketing Plan Handbook

Before you roll out a new social media marketing program, be ready to answer one key question about results: are we there yet? Here’s a roadmap for tuning up your metrics so you’ll know where you’re headed and how to track progress along the way.

Look Ahead, Look Behind

Just as your GPS needs a street address to plot a route, you need three types of specific objectives to serve as destinations for your social media activities:

Marketing objectives for brand building and relationship building (such as targets for brand awareness or customer acquisition). Ford’s campaign for the new Fiesta—initially a social media event reinforced by traditional media—set (and achieved) objectives for brand impressions and awareness as well as pre-launch information requests. In the follow-up to P&G’s super-viral Old Spice Guy campaign, one marketing objective was to attract a million Facebook fans to the brand’s social media “sacred club,” part of the push to increase brand awareness and change consumer attitudes.
Financial objectives for money-related results (such as sales and profitability—by channel, by customer, etc.). QVC can set sales objectives for sales driven from its Facebook page (which has 300,000-plus “likes”) and its Twitter presence (more than 30,000 followers), track repeat business, and calculate profit by product and channel.
Societal objectives that give your social media marketing a larger purpose (such as raising money for a worthy cause). P&G’s Dawn relied on the brand’s Facebook and Twitter interactions to get customers involved in achieving its target of donating $500,000 to wildlife conservation organizations.

And to steer clear of potholes, don’t forget to check the rearview mirror—learn from how and why existing programs hit bumpy roads in the past.

Prepare to Shift into High Gear

With objectives in place, your next step is to set up standards and a timetable for checking these metrics:

Compass points. Are you going in the right direction? For marketing objectives related to brand awareness or preference, metrics such as the number of Facebook “likes” and the number of positive blog comments can give you a sense of whether you’re gaining ground, standing still, or going south. QVC, for instance, regularly monitors the number and sentiment of comments on each blog post, promotional tweet, and Facebook post. Bounce rates, referral rates, and engagement duration are other compass points; think of indicators that make sense for your objectives and business.
Mile markers. You should be able to estimate how far along you need to be at various points in the journey so you can make interim adjustments as needed. For example, are you attracting and converting enough visitors every day/week/month to reach your long-term targets? Check these metrics early and often to avoid nasty last-minute surprises. QVC drills down into its sales statistics—sometimes minute by minute—to determine whether each product or promotion is on the right track and make mid-course corrections as necessary.
Speed. How quickly are you moving toward your destination? Look at viral rates for your communications to analyze how quickly you’re gaining new friends, subscribers, or customers (depending on your objectives), and investigate unusual lags or patterns in response to social media initiatives. If something is working especially well, use it to accelerate your results.

Now you’re all set to hit the road and put the pedal to the metal!

Posted in Awareness, Blogs, Branding, Cause Marketing, Channels, Engagement, Facebook, Ford, Marian Burk Wood, Marketing, Measurement, Metrics, Profitability, Promotions, Relationships, Sales, Twitter | No Comments »

The Online Newsroom: The Factory that Runs a Brand’s Content Engine

March 23rd, 2011

By Ed Lallo, Principal at Newsroom Ink

Google your company’s name and see what comes up. Do the stories at the top of the search results reflect the business you’re running? If not, why not? Maybe it’s because your company has a better story to tell than is currently being told.

Facebook, Twitter, YouTube, and Google have changed the playing field for integrated marketing communications. What has not changed is the need for companies, organizations, and even politicians to communicate their stories from a unique perspective that only they can offer.

Social-integrated marketing communications offers an ever-increasing amount of tools to connect with targeted markets, but what has been lacking is a centralized content engine that drives conversation and integrates the elements of the promotional mix of advertising, public relations, direct marketing, and sales.

The online newsroom is the factory that runs a brand’s content engine. It’s the place to address brand issues, public relations, crisis management, marketing, and communications—all aligned with the CEO’s agenda. It’s the one place that consumers, vendors, and employees—as well as local, national, and international media—can obtain stories, photos, and videos told from your unique perspective, 24 hours per day.

But an online newsroom can be much more than just a newsroom. It can become the “landing site” for the social media efforts of companies, organizations, and political campaigns. The online newsroom translates your corporate agenda into a compelling story that the press, your customers, employees, vendors, and stakeholders want to read, learn more about, believe in, and contribute to on a regular basis. Using a proven model that delivers timely and influential news, the newsroom becomes an indispensable tool for a brand’s communications program.

A recent study of online newsrooms by the Corporate Executive Board—a member network of the world’s leading executives that spans more than 50 countries and represents more than 85% of Fortune 500 corporations—showed online newsrooms to be the top channel for disseminating information and effectively telling a company’s story.

Dynamic online newsrooms are not about pushing the company agenda from the top down, but instead letting the voices of others tell your story in a way that increases the credibility of your company’s brand. This “corporate journalism” style adds balance and influence and gives your brand a unique distinction.

With cutbacks in budgets, staff, and resources, print, broadcast, and digital media have turned to online newsrooms to obtain information and story ideas. According to the 2009 Journalist Survey on Media Relations Practices conducted by online public relations site Bulldog Reporter, “Public relations practitioners should shift their energies to online newsrooms, blogs, and social media,” and “journalists’ usage of these technologies continues to increase.”

Most importantly, online newsroom results are measurable. A recent study for the Louisiana Seafood Promotion and Marketing Board by Cision, a leading media tracking firm, found that for a three-month period, media exposure of Louisiana had reached an estimated audience of more than 3.4 billion in the United States. The Board used the online newsroom as the content engine, supported by traditional PR, Twitter, and Facebook.

Turning the online newsroom into a landing site for social media creates a centralized place to openly engage audiences, tell your brand’s many stories, and paint a picture of the uniqueness of your organization. It is like inviting someone into your house so they can see everything at a glance, and at the same time, putting the CEO’s agenda in the middle of the news.

Posted in Advertising, Blogs, Branding, Content, Crisis Management, Ed Lallo, Engagement, Exclusive Content, Facebook, Google, Integrated Marketing, Journalism, Marketing, Measurement, Newsroom, Photos, Public Relations, Sales, Tools, Twitter, Video, YouTube | 2 Comments »

Keeping Score in Social Media

March 16th, 2011

By Dr. Don Roy, Professor at Middle Tennessee State University

The use of social media to develop customer relationships can be compared to interactions with co-workers at an office party. Many of your co-workers may be relative strangers in that you may know their names and perhaps even the names of their significant others and children, but the relationships lack depth. Conversations outside the usual environment of the relationships allow for a greater quantity and quality of communication. Similarly, social media can humanize the faceless, impersonal image of a brand, becoming more of a friend or trusted advisor to a customer than a business that exists to sell things.

The potential impact of social media on customer relationships with a brand calls for measuring engagement, not exposure. Yet many managers look to measures of reach to quantify social media’s impact on brand building. Let’s consider the sports industry as an example. Sports properties are driven by reach measures such as ticket sales and TV ratings. Extending that mindset to the digital marketing space, the reach of a sports brand in terms of followers or friends on social networks is used as evidence of brand power.

A measure developed by Coyle Media, known as the Sports Fan Graph, ranks professional and collegiate sports brands according to the number of Twitter followers and Facebook friends. According to the Sports Fan Graph as of December 2010, the NBA was the top-ranked brand, based on the sum of its Twitter followers (just under 2.2 million) and Facebook likes (approximately 7 million). In contrast, the NHL ranked 19th, with a total reach of about 1.7 million (471,000 on Twitter and about 1.2 million on Facebook).

If we are to accept a measure like the Sports Fan Graph, we can conclude that brands with high rankings like the NBA enjoy far greater impact in their social media programs than lower-ranked brands. But not so fast! Measures of social media reach support the hypothesis that strong brands in the offline world are among the most popular digital brands, too. Whether the brand is Starbucks, CNN, Oprah, or Manchester United, success breeds success when it comes to building virtual relationships. But how meaningful are those relationships?

A measure like the Sports Fan Graph is an indicator of popularity, but how well liked a brand is may not be an ideal indicator of what social media efforts can do to build a brand by strengthening customer relationships. Traditional scorekeeping measures may be straightforward to calculate and interpret, and they may also be favored by managers who equate popularity with effectiveness. However, brand building is not based on winning a popularity contest; it is fueled by customers’ willingness to be in a relationship with a brand. Methods for keeping score are needed that link social media to enhancing brand relationships, not counting admirers.

Posted in Branding, Conversations, Customer Experience, Customers, Don Roy, Engagement, Facebook, Marketing, Measurement, Relationships, Sports Marketing, Twitter | No Comments »

Fueling the Social Media Engine: How Building Relationships Online Drives the Growth of Brands

February 16th, 2011

By Luis Gallardo, Managing Director of Global Brand & Marketing at Deloitte

The world’s most successful brands go the distance. Beyond logos, colors, and shapes, brands endure over time and geography, attempting to do what no other commodity or service offering before them could do—or better yet, promise.

Brands are expected to perform, and customers expect nothing short of that promise. In fact, one must think holistically about the brand by understanding how multiple stakeholders are interacting, sharing, and perceiving the value of the promise across hundreds of brand touch points around the world. Then, one must get personal by understanding how emerging media and other Web 2.0 communities impact the development and maintenance of meaningful relationships—an emotional bond and distinctive brand experience for customers and stakeholders.

Is your organization capitalizing on emerging media technology as a key brand-enhancing activity to help differentiate it from the competition?

At Deloitte, the largest private professional services organization globally, social media is not just another buzzword. We boldly anticipate the success of social media in helping our people and clients to step ahead in the marketplace. Pragmatic in our approach, we are building on the success of several social media marketing campaigns to continuously grow our brand within the professional services market.

Our recent success with the 2010 Deloitte Fantasy Football engagement program, for example, allowed our 170,000-member firm practitioners, as well as our clients, to highlight their pride in cultural diversity, their love for the game of soccer, and a relentless approach to staying a step ahead of the fantasy competition during every World Cup match game. In addition to being an all-around fun game, Deloitte Fantasy Football was a strategic brand-building initiative that relied heavily on the power of building relationships online via social media channels, peer-to-peer recommendations, and real-time collaboration among colleagues, friends, and clients.

Social media platforms (Facebook, Twitter, and LinkedIn, in particular) played an integral role in sustaining the momentum and energy behind the campaign, week after week. In fact, the results of the campaign exceeded our expectations:

More than 80% of Deloitte member firms actively promoted this event, leveraging unique opportunities for local market fit.
There was a ten-fold jump from Deloitte Australia’s original 3,000 participant count in 2006 to an impressive 33,848 total number of participants who registered to play the game in more than 160 countries.
More than 61 percent of the Deloitte workforce participated in the competition, complemented by a respectable level of client participation at 34 percent.
More than half a million unique online visitors from 162 countries and territories came to the competition site. More than 15 percent of these visitors had not previously visited a Deloitte Web site.
Each visitor spent an average of 7.38 minutes visiting the Web site—an equivalent of more than 4 million page views.
The Deloitte Fantasy Football campaign directly impacted our overall social media profile. We grew our official Deloitte Facebook page during that time from a fan base of 2,000 to more than 77,000 active users. Deloitte now has the largest global Facebook presence among its professional services competitors.
More than 40 Deloitte member firm practitioners from the South African firm acted as “green dot” reporters by blogging about the spirit of the live games.

Deloitte continues to shift perception from being just one of the Big Four to being the market-leading private professional services organization—in a category of one. To help accomplish this goal, Deloitte Fantasy Football (as well as other brand engagement programs) allowed our network of member firms to build on the exciting momentum of the world’s largest sports phenomenon, while exposing stakeholders to a variety of brand messages that appeal to clients and talent. By supporting these relationships in online social media applications such as Facebook, YouTube, Twitter, LinkedIn, and blogs, Deloitte continues to break away from the pack.

Using social media as part of the marketing mix, Deloitte is able to authentically embrace the interests of its people and clients in a non-traditional way. From weekly engagement levels provided by Facebook metrics to a whole new database of potential clients, social media is a strategic business driver with the potential to positively impact lead generation, brand reputation, and risk, as well as advancements in thought leadership and new product development.

Posted in Blogs, Branding, Collaboration, Competitors, Customer Experience, Customers, Engagement, Facebook, LinkedIn, Luis Gallardo, Marketing, Relationships, Strategy, Thought Leadership, Twitter, YouTube | 1 Comment »

Five Useful Tips on Developing Social Media Conversations with Your Customers

January 26th, 2011

By Kenneth Cossin, Professor at Full Sail University

As marketers, we have heard so much about how social media allows us to rapidly build our brand, get the word out regarding our products and services, target different demographics, and optimize consumer engagement. Yet we need to take social marketing to the next level.

Thus, I pose the question: Is your company simply using social media channels to create an online marketing presence, or is it creating social media conversations with your customers?

For example, as a professor at Full Sail University, my students are my customers. I use many different social media channels to get each student to “buy into” my courses. I develop student engagement, but then I also intentionally develop a professional relationship with each individual student. By doing so, each student gains a sense of personal investment in my courses.

Here are my five tips for creating social media conversations with your customers:

1. Your attention, please! Gaining our customer’s attention is pretty simple for us marketers. It is something that we have been doing since before the days of social media. Thus, continue to bring attention to your brand and develop your brand story through your social media channels.

2. Get your customers to opt in. Remember, everyone loves a good story. Therefore, the better your brand tells your business story, the more customers you will get to opt in. Once you have an engaged consumer, it is imperative that you learn what attracted him/her to your business. Traditional marketing methods of gathering metrics on your customers remain important. And with social media, you can discover why a customer is choosing you.

3. Determine your customers’ individuality. Find unique ways to get your customers to tell you how they found you. What about your customers makes them choose you? How are you fulfilling their unique wants and needs? What incentives do you provide to keep your customers engaged?

4. Focus on conversation. Typically, businesses will ask customers a series of questions through the use of impersonal surveys, questionnaires, or cold calls. At this point, many marketers usually stop. With social media, you cannot stop here. You must follow through and build a personal conversation by leveraging social media in new and unique ways. So what are we to do?

5. Develop interaction. Through the use of social media interaction, periodically make intentional contact with your customers. Remember to treat your customer as you would a good friend. We do things for our friends because we care about them; thus, demonstrate to your customers who connect with you through social media that you care about them. Communicate with them. Give them the service they deserve: prompt responses, incentives, and other cool offers. You will receive in return the continued trust and loyalty you need and desire to grow your business.

Posted in Branding, Channels, Conversations, Engagement, Incentives, Individuality, Interaction, Kenneth Cossin, Loyalty, Marketing, Metrics, Relationships, Trust | 1 Comment »

A CIO Takes On CMOs and Social Media Marketing

December 8th, 2010

By Colin Osburn, Chief Information Officer at Parts.com

As a technologist, most everything I do has a technical bent first, with true ROI close behind. I realize that technology and finance to a marketer are like sunlight to a vampire, but steadily more and more of the marketing types appear to be following the technical and ROI trend. Metrics, reporting, automation, and justifying that mind-numbing campaign are all things that marketers are doing presently, while showing true technical aptitude.

I’ve had a real taste of why marketing and I are such distanced bedfellows. Running a national automotive parts Web site is complicated. A lot of technical effort goes into the operation and improvement of our search function, images, text, etc. Our customer base is earned through large partnerships, SEO (technical in its automation), and complimentary business lines. We even launched a short-run TV commercial this year for the first time in the company’s history.

It’s readily apparent that everyone—from small businesses to mega corporations and all the MLM shills in between—is jumping on the “new wave of technology” known as social media. To any decent technologist, this “new wave” is the same stuff we’ve been working with for years, but it’s in a new box with a bow.

All manner of Internet black magic that I can find, I heap upon our willing CTO to do a test run. I’m always looking at the newest technology for application to our business model. Automated sharing toolbars and widgets? Yep. Banner ads? Of course. Social media? Absolutely.

But I should have mentioned we do not have a CMO on staff. (Either that, or I disabled his account and forgot about him.) That means the technologists and sales executives are running the show. That also means we got exactly the results from all of these new implementations that you would expect:

The banner ads are completely pointless. I intend to remove them.
The toolbar never gets used, and no one shares anything.
The forums are dead.
We get very little response from our e-mail blasts.
We keep Facebook and Twitter because they keep the brand public. We also keep them because it’s a new type of customer service.

The Parts.com site is designed for commerce. We make money when someone buys an auto part. Pretty direct. We haven’t added articles and sticky reading-style content because our user base comes to our site for a very direct task and wants to do it quickly. The same people most likely do participate in auto enthusiast forums and spend a lot of time browsing “car porn” (photos of hot rods, tricked-out cars, and classic vehicles), but not while they’re buying a part. We also have a disproportionately large number of auto dealers who use our site, and the service manager isn’t interested in reading something while trying to get the customer’s part overnighted.

We have Facebook. We have Twitter. But I refuse to attach our brand to MySpace. We have hundreds of friends, and there are a lot of people talking about a lot of things, 99% of which involves the buying and selling of cars. It’s pretty damn hard to get people hot and bothered about a camshaft replacement or that hot new discounted windshield replacement. Have you figured it out yet? We’re not just commerce, but commerce as a subsection of a larger vertical. And that vertical has plenty of content and places that provide it. So we implement what we can as fast as we can and tweak, wait, watch, and adjust.

In reality, some key points came to light for me over the past year:

CIOs and CMOs need one another. That’s so painful to admit.
Marketing helps those awesome new technologies become ubiquitous.
If you don’t have a marketer on staff, this is a good time to start talking to your network.
Technology for technology’s sake works some of the time, but not enough to generate an ROI that keeps the monthly revenue high.
Content sites will almost always make more on the items I listed, from social media to banner ads. Commerce sites will overall make more on a direct revenue basis. Build a widget, sell a widget.
Commerce sites can make progress with these social media tools, but they should not bet projections on them.
Being a subcategory makes you look for the “why” a lot sooner. Dell and Ford kill it on social media and “new wave” commerce sales because they are the market. We sell parts. There’s a huge difference.
Take what you can get. Better customer service and communication has been a real win for us with these tools, even if we don’t make millions on banner ads.
The Get Satisfaction site is a real winner for us because it enabled us to learn from our customers what we need to know. (Facebook has helped us with that as well.)

To be continued…

Posted in Advertising, Banner Ads, Branding, CMOs, Colin Osburn, Content, Dell, E-Mail, Facebook, Finance, Ford, Forums, Marketing, Marketing Automation, Measurement, Metrics, MySpace, ROI, SEO, Tools, TV, Twitter | 4 Comments »

Embracing Social Media Measurement

November 24th, 2010

By Deirdre Breakenridge, Co-Author of Cyberbranding: Brand Building in the Digital Economy

If there’s one area of marketing strategy that deserves significant attention, it’s measurement. Back in the days of traditional communications, marketers were always held accountable for the results of their campaigns. We had to know if the marketing efforts raised awareness, created consumer loyalty, and moved products off the shelves or if our initiatives helped the brand’s reputation. However, much of our measurement was based on eyeballs or impressions. How much did that advertisement cost and how many people actually saw it in their favorite magazines or heard it on the radio during their morning drive to work?

Then we morphed into digital communications and were able to target our campaigns to capture activity and sales from clicks to conversations. And we became no strangers to the terms PPC and CPM. Today, as a result of social media marketing, we are focused on conversations and participation in the social sphere. Consumers are becoming more active in their Web communities and trusting the advice and word of their peers over the brand’s messages. As a result, marketers know they need to create opportunities for brands to engage with their consumers through high levels of interaction. Of course, social media engagement can lead to any of the following: awareness, perception, reputation, education, conversations, authority, leads/sales, etc.

With so much listening, monitoring, and measuring that needs to be done, how do you select the right tools to capture the metrics that show value to the brand? How can you tell the difference between the high-level/high-value interactions versus the Facebook “like” or follower on Twitter that never leads to a product sale? I’ve found a couple of different measurement techniques that show good value for any brand that takes the time to invest in these types of measurement. They are “share of voice” and “social influence marketing (SIM) score.”

If you are unfamiliar with these two metrics, here’s a brief overview:

Share of Voice

A brand’s share of voice includes any type of brand mention, which could appear in social networks, blogs, microblogs, message boards and forums, video and photo sharing sites, wikis, etc. Share of voice lets you hear what people are saying and where they are saying it, how they perceive your brand, and what they think about it. You can compare your brand’s share of voice to that of your competitors. You can also capture those communities that have a greater share of voice, allowing you to capitalize on any brand champions speaking on your behalf by building better relationships with them as they continue to be your advocates. It’s also a good practice to evaluate any weak areas where you can create stronger ties with your stakeholders and engage in more meaningful interactions.

Social Influence Marketing (SIM) Score

The SIM developed by Razorfish supports a brand’s attempts to track, analyze, and improve net sentiment by setting benchmarks against itself and also by comparing the SIM scores to that of its competitors. The SIM score is calculated by looking at the brand’s positive, neutral, and negative mentions in relation to total conversations, both for the brand and the brand’s industry. For example, net sentiment for a brand (which is calculated by positive mentions plus neutral mentions minus negative mentions) is divided by total conversations (positive plus neutral plus negative) to get a brand sentiment score. The same calculation is used to obtain the net industry sentiment score, calculating the positive plus neutral minus negative mentions, and then dividing by total industry conversations. The SIM score is equal to the total net sentiment divided by total industry sentiment.

These are only a couple of the metrics that can be used to measure the results of social media marketing. With so many conversations to capture from our consumers and other stakeholders in Web communities, we must embrace social media measurement. Whether you are using free tools (such as Social Mention and Alterian) or automated services (including Radian6 and Sysomos), it’s critical to turn up the volume on our listening/monitoring and measurement practices and show our executives that no matter where we market, there are results, and we are accountable.

Posted in Blogs, Brand Champions, Branding, Conversations, Deirdre Breakenridge, Engagement, Listening, Loyalty, Measurement, Microblogs, Monitoring, Share of Voice, Social Influence Marketing Score, Video, Wikis | No Comments »

Questions and Answers about Relationship Marketing and Relationship Commerce

October 27th, 2010

By Ted Rubin, Chief Social Marketing Officer at OpenSky

1: Relationships: how do you build them online?

I believe everything we do in our personal and business lives revolves around relationships—now more than ever. With effort, an online relationship may begin from the request of a Facebook friend or following someone on Twitter. But make no mistake—that initial request or follow will never create the relationship. Trust is built upon interaction, when you’re true to your word, authentic, and genuine. To build relationships online, you (as a brand or individual) have to offer value in return.

Be it via valuable information or personal introductions, engagement and interaction will remain key. By asking questions and proposing ideas, you can engage your followers in such a way to give them the ability and reason to respond. Then when they do respond, interact with them to solidify your relationship, lest it fade away. Directly acknowledge their response, ask follow-up questions, and share their insights with others. Follow me on Twitter (@TedRubin), and you’ll see what I mean. The more responsive you are to your audience, the more responsive they’ll be to you. And that’s where relationships are born.

2: What is the true value of a fan or follower to a marketer/brand?

I believe many are looking at this in too narrow a fashion. Everyone is trying to assign a dollar value to a Facebook fan or Twitter follower instead of addressing the fact that engagement and interaction that takes place in these mediums are incredibly important to a brand. Building a relationship with existing and future customers is the true value and strength of social media marketing. ROI is certainly incredibly important whenever investing, but companies have to start looking at ROR (“return on relationship”) when planning, strategizing, and most importantly, evaluating social marketing.

A new study shows that those who are fans or followers of a brand on Facebook or Twitter are significantly more likely to buy products and services or recommend the brand to a friend. Specifically, the study by Chadwick Martin Bailey and iModerate Research Technologies found that 60 percent of Facebook fans and 79 percent of Twitter followers are more likely to recommend those brands since becoming a fan or follower. And an impressive 51 percent of Facebook fans and 67 percent of Twitter followers are more likely to buy the brands they follow or are a fan of. Considering Facebook’s 400 million-plus users, the opportunity is great for social media marketers.

3: ROR: exactly what is that?

Facebook fans, retweets, site visits, video views, positive ratings, and vibrant communities are not measureable financial assets—they aren’t reflected on the balance sheet and can’t be counted on an income statement—but that doesn’t mean they are valueless. Instead, these are leading indicators that a brand is doing something to create value that can lead to financial results in the future. In addition, these relationships can be leveraged through initiatives, campaigns, and events to create real dollar value for a brand. In other words, ROR = return on relationship!

In a fast-paced digital world, defining and maintaining our relationships has become unexpectedly difficult. Social media has enabled us to connect with an infinite number of individuals; it has given us the tools to extend relationships that years ago would have been impossible. Yet make no mistake—social media is a facilitator of relationships, but it is not the relationship itself. You have to give to get. It’s so simple in concept yet not always easy to wrap your arms around when online since it is not as simple as a favor, a hug, or a handshake.

4: What is “relationship commerce?”

The way I see it, we’re overdue for a revolution in retail. So many of us have been sharing our passions and discoveries, it’s about time we acquired tools that empower us to share in the economic benefits. I believe that our economy is experiencing a monumental shift toward an era of increased self sufficiency. We all need to learn to earn, to provide for ourselves. We can’t continue to live dependent upon the (one time) security blanket of big corporations, parent companies, and traditional jobs. They may not always be there.

How many of you spend more than 10 hours a week on your online presence? 15 hours? 40+ hours? How many times have you recommended something to a friend, and how many times have you made a purchase based upon the recommendation of a friend? How many of us wish that our passions, our energy, and our influence could evolve away from pure hobbies and into a revenue stream? Relationship commerce—sharing what you love with others and facilitating their ability to buy it—easily can be a piece of that puzzle. That’s how it can make shopping better. Relationship commerce is simple yet novel: it’s commerce that emanates from people you know and trust. It’s this interpersonal exchange, the relationship, which differentiates relationship commerce. Life is not just about financial exchange, and neither is commerce. Relationships matter!

5: What can marketers do in the next five minutes to apply this information?

A great Twitter behavior that is often overlooked as being important is thanking people for retweeting you and for giving you a mention/shout out. So say thank you. Engage. Ask questions. Propose ideas. Give your followers/fans the ability and reason to answer.

Most misunderstand Twitter. It’s not a broadcasting tool for marketing, but an extremely valuable networking, experimenting, and seeding tool. And always remember we all have lurkers—those watching and following our conversations. Even though they do not make themselves known, they are there. So be aware.

Posted in Authenticity, Branding, Engagement, Facebook, Relationship Commerce, Relationship Marketing, Relationships, ROI, ROR, Ted Rubin, Twitter | No Comments »

How to Really Get “Liked” on Facebook

October 6th, 2010

By Dr. Angela Hausman, Associate Professor at Howard University

“Likes” have replaced “fans” on business Facebook pages. Having more likes is a good thing, and Starbucks is the leading company, with more than 16 million likes. Starbucks is followed closely by Coca Cola, with more than 15 million likes. You can see the rest of the top 25 companies on the TNW Web site. As the average Facebook user has 80 friends, Starbucks’ message reaches more than 1.26 billion people!

How to Avoid the Top Three Facebook Faux Pas

Getting likes involves more than building a Facebook business page and waiting for people to find it. And if you use your business page as just another outlet for your press releases, as many businesses on Facebook do, you’re not likely to generate much interest or get many likes. Similarly, using your Facebook fan page to echo your tweets is a bad idea. Certainly, putting some good tweets on Facebook is fine, but don’t link them so all your tweets are automatically sent to your Facebook page. Buying Facebook fans or engaging in Facebook exchanges (where businesses agree to like each other) are similarly bad ideas, as they deliver fans who are not truly engaged with the brand.

Getting Likes

The key to getting Facebook likes is to give people a reason for liking your brand. Here are some great examples of ways to drive Facebook likes:

Support a cause. Pedigree recently launched a campaign to encourage dog owners to like its brand. For every Facebook user who did so, Pedigree donated a bowl of dog food to an adoption center. To date, more than a million bowls of food have been donated—which means Pedigree has added a million new likes. As part of the strategy, Pedigree also encourages sharing the program across about a dozen other social media platforms.
Give exclusive content. People want to feel special and love having access to information and products before anyone else. Having this access encourages them to like your brand and increases the likelihood they’ll pass along your information to their friends. Movie producers, book authors, and musical performers use this extensively. For instance, Taylor Swift often gives fans advance access to her music tracks or music videos before they reach the public. And companies are starting to use this tool. For example, Procter & Gamble offered advance access to Pantene for its fans before the product was sold in stores.
Host a contest. The Albuquerque Convention & Visitors Bureau hosts a contest on its Facebook page. People who like the page are entered into the contest and have a chance to win two tickets for a hot air balloon ride during the famous Balloon Festival. And Dunkin’ Donuts is using its contest not only to build its fan base, but to attract other fans. Contestants upload a video showing how much Dunkin’ Donuts’ coffee means to them. Winners get a trip to Costa Rica or a year’s supply of the coffee delivered to their homes. The contest encourages Facebook users to like Dunkin’ Donuts, and the contestants encourage their friends to like the brand to be able to vote for their videos and win the contest.

Simply said, likes on Facebook encourage meaningful engagement with your brand. Just make sure you understand how to generate them appropriately.

Posted in Angela Hausman, Branding, Contests, Engagement, Exclusive Content, Exclusivity, Facebook, Promotions | 1 Comment »

Creating Luxury Tribes with Communication and Social Networks

September 22nd, 2010

By Berenice Ring, Professor at Fundação Getulio Vargas

Aston Martin has a dealership at São Paulo’s trendy Avenida Europa. Lamborghini has one as well. Office space in that avenue does not come cheap, and the rent per square foot is almost nonsensical. Yet these stores are neither small nor modest.

Since October 2009, 17 Lamborghinis have been sold in Brazil for an average price of R$1.6 million (± US$950,000). Surely, to sell 17 units of a vehicle aimed at such a select audience, none of these brands would need to invest in a showroom. They could easily locate their prospective clients and contact them directly.

Why then does Lamborghini keep this amazing store and engage in social media to interact with its fans? And why is it always present at exhibitions like the São Paulo Auto Show, where visitors come in all sizes and shapes except that of buyers of their cars? Why does it invest in communication?

To win a special place in the minds and hearts of their audiences, luxury brands must be admired by their customers and potential buyers. But they also must be desired and have their value acknowledged by those who cannot buy their products—the brand fans who visit the store at night and covet the car through the store window, who create communities on Facebook and post comments on Twitter, and who form long queues at the Auto Show to see the brand’s latest model. These fans help to establish the throne from where brands such as Lamborghini will reign for the few. This is the principle of exclusivity.

Through communication and social networks, luxury brands like Lamborghini disseminate their dream and their magic—and create aspirations. They enable the “sense of belonging,” brokering relationships between people who would never meet otherwise and making it possible for them to feel connected.

This dynamic engenders very clear perceptions. Buying a Lamborghini gives the owner much more than the thrill of accelerating from 0 to 100 km/h in 3.4 seconds. The machine comes bundled with a whole set of meanings. Prestige is the first item in the package. The buyer becomes part of an extremely select tribe, recognized not only by their peers but also by those will never be part of it.

A taste for speed, sporty style, and bold design is ingrained in the imagination of the brand’s ambassadors, whether they are owners who take their machines for a ride on weekends or fans who collect photos on the walls of their homes. Lamborghini’s brand manager understands that well. Aston Martin’s does, too. And so do most well-managed luxury brands.

Posted in Berenice Ring, Brand Ambassadors, Branding, Exclusivity, Facebook, Luxury, Marketing, Tribes, Twitter | No Comments »

Could Big Brands Learn a Thing or Two from Singer Leann Rimes? Hell, Yeah!

September 15th, 2010

By Aaron Strout, Chief Marketing Officer at Powered

I have always been a music enthusiast, but I’ve never been that interested in country music. And while I’m not ready to race out and fill my iTunes account with the likes of Kenny Chesney and Garth Brooks, I recently purchased a few songs by the lovely and talented Leann Rimes. Why the sudden change of heart? If you must know, it was because of a single tweet. Well, it was actually two tweets… and the fact that during a show I saw at the ANA’s Masters of Marketing event, she was authentic and genuinely made an attempt to connect with the crowd of 1,500 senior marketers.

As someone that embraced Twitter back in 2007, I regularly use it to learn, engage, and build relationships. To that end, I often make a point of acknowledging people, companies, and organizations when I feel like they are doing a good job. This may or may not mean anything to them, but it’s my style, and so far, it’s borne a lot of goodwill and business value for me.

Getting back to Leann Rimes and her performance at the ANA conference last week: as she was wrapping up her set, I took the time to look her up on Twitter and send her a thank you tweet. Imagine my surprise when she actually tweeted me back!

The reason I’m sharing this experience is not to show off—although who doesn’t love having a successful female country singer tweet them back—but rather to point out a lesson that big brands could learn from this experience. For starters, it doesn’t hurt to follow Ms. Rimes’ lead and ensure that your brand is perceived as credible and authentic. That was the thing about Leann that got me to tweet her in the first place. But more importantly, the fact that someone as busy as she must be took the time to tweet back to a potential fan was huge.

Did she do it because she knew that I was on the fence about liking her? I don’t think so. Looking back in her tweet stream, it appears she does that with a lot of people. It’s just who she is. What I can guarantee is that while she is a very talented singer, one of the main reasons she has become so successful is because she engages her “customers.”

Now would I have been as excited if a brand like Lexus or Starbucks tweeted me back? Probably not. But I do appreciate it when a brand takes the time to acknowledge me, and it has made me more likely to stick with that brand. For example, in the case of WiFi provider Boingo, I’ve actually become one of its biggest fans, primarily because Boingo regularly engages me in conversation on Twitter. Now Boingo only earns $120 per year from me, but I tell everyone I know about Boingo, have mentioned it in blog posts, and have even gone so far as to be interviewed in an article about Boingo and the “network effect of super fans” on the FASTforward blog.

So is your company engaging its customers? It doesn’t take a lot to get started—just a good listening tool and an internal and/or external resource that can help reach out to customers (or prospective customers) who are mentioning you. You’ll be surprised how far a tweet, a blog comment, or even a Facebook “like” will go in turning people’s heads.

Posted in Aaron Strout, Blogs, Branding, Engagement, Facebook, Listening, Marketing, Twitter | 1 Comment »

Sexy Social Media and Irresistible Attraction

September 8th, 2010

By David LaBonte, Author of Shiny Objects Marketing: Using Simple Human Instincts to Make Your Brand Irresistible

Social media marketing is a sexy new addition to traditional marketing formats. It bridges the gap from broadcast or print to broadband, introducing fresh access to market share. But the secret of success in this brave new world still rests on your target fingerprint. You must know what makes your product, brand, or service irresistible before social media marketing can work.

Irresistible attraction is the physiological, instinctual, or psychological appeal generated between your product and the consumer. It makes your product into a shiny object that sparkles, eliciting a spark like an arc of electricity. Subconsciously, your prospect feels that they must grab it and hold onto it; it’s just too shiny to pass by.

So how do you make your product, brand, or service irresistible? The key notion is that you are looking for your customer’s shiny object, not yours. In all my years of advertising and marketing, this is the single hardest concept to grasp. Executives have trouble putting themselves in their customer’s shoes. That’s why advertising agencies exist outside of the corporate culture. They ask the dumb questions that lead to revelations.

Three simple steps will lead you to a clear definition of your customer’s shiny objects, the source of irresistible attraction.

First, list your customer’s shiny objects. What attracts them? What are the “must haves” that are irresistible? Be thorough during this step. It is critical to get every shiny object onto the whiteboard. There is often a hidden gem that, if overlooked, can leave a black hole in your marketing efforts.
Second, divide these shiny objects into features, benefits, and needs. This makes it easier to determine what motivates your prospects to reach into their pockets and exchange money for product.
Third, determine factors that fuel desire. Usually, they fall into one of five categories: critical to sustaining life, vital to my protection, important to my being accepted, crucial for my self esteem, and important to make life rewarding.

Finally, compare the shiny objects of your customers to your product, brand, or service. What fits? Where does your brand, product, or service dovetail with their wants and needs? How can you generate an irresistible attraction? Apply what you have learned and voila, your product is now their shiny object.

And remember, simply finding your customers’ shiny object isn’t enough to make them a committed client. You need to apply what I call the “Five Facets of a Shiny Object:”

Grab attention
Create a driving curiosity
Stimulate an irrepressible urge to touch
Activate an emotion
Demand ownership

Basing your marketing on irresistible attraction doesn’t mean that people are mindless sheep. On the contrary, it means that although they can’t control what shiny object inspires irresistible attraction, they do control which shiny objects they grab and hold onto. Be ethical. Be honest. Be creative. Make your product into your customer’s shiny object, and irresistible attraction will sell truckloads!

Posted in Advertising, Advertising Agencies, Attraction Marketing, Branding, David LaBonte, Features and Benefits, Marketing | 1 Comment »

How JetBlue Uses Social Media to the Fullest (and You Can, Too)

August 25th, 2010

By John Foley, Jr., Chief Executive/Marketing Officer at Grow Socially

JetBlue gets social media. Completely. While many companies make good use of social media in promoting their brands, JetBlue takes the ball and literally flies with it. Here are three ways they shine:

Brand Personality

Anyone who has boarded a JetBlue flight knows the company’s feel-good take on transportation. The captain and flight assistants crack jokes and one liners, the flights are filled with “get it while it lasts” free snacks, and the corporate identity revolves around bright colors and lighthearted phrases like “happy jetting.”

When JetBlue ventured onto the social media scene, it maintained its playful personality. Next to delay reports and updates on products and services, you’ll find humorous tidbits of information, often completely unrelated to business. The company recently announced an airport book signing with a tweet typical of its signature sense of humor.

The takeaway? whatever your corporate personality—be it sassy or sweet—let it show in your tweets and updates. Give your followers something to smile about! Bring a human touch to your product, and people will respond.

Instant Gratification

Want to know when JetBlue’s new Boston-to-Sarasota service starts? Drop @JetBlue a tweet to ask!

JetBlue understands that sitting on the phone or sifting through its Web site takes time. For that reason, the company has made a Twitter-based customer service rep available 24×7 to respond to quick questions, address concerns, or even just say thank you for a compliment. While the complex stuff can’t always be ironed out in 140 characters, quick questions and answers are easily handled. Even better, every question answered via tweet effectively saves a phone call, which makes JetBlue’s overall customer service more efficient.

The takeaway? Use social media to make things run smoothly for you. If your company is rolling out a new product, let everyone know quickly and easily. If you’re currently filling backorders on a hot new product, keep customers in the loop—and off the phones.

Dangling the Carrot

Not everything on the JetBlue tweetstream is supply and demand. JetBlue rewards its followers with access to contests, special deals, and insider information.

Recently, the company hosted a citywide “scavenger hunt”-style promotion in Boston. One stop on the tour asked players to bring a photo of 10 standard office supplies to Copley Square for a chance to win a free ticket. Incentives such as free bonus miles and contests for tickets and trips gave followers the sense of actively participating in JetBlue’s ongoing conversation. It was a great way to generate positive chatter for the company.

The takeaway? Give your followers something to talk about, and occasionally, give them something for their loyalty. Word of mouth is the best advertising you can get, and on the Web, word travels fast.

Posted in Branding, Contests, Customer Experience, Humor, John Foley, Loyalty, Marketing, Personality, Promotions, Twitter, Word of Mouth | No Comments »