Archive for the ‘Customers’ Category
By Jeff Schick, Vice President, Social Software at IBM
Investments in IT have long been the domain of the CIO, but all of that is changing as CMOs increasingly impact IT investments in today’s social and digital world. Given the business realignment between marketing and technology, the CMO and CIO can no longer afford to operate on separate stages. To succeed, they’ll have to forge a shared agenda to deliver business results through innovation and efficiency.
CMOs: imagine your job, but with next-generation skills, expanded peer networks, and the tools and technologies to transform your profession. CIOs: think about sharing your expertise in enterprise IT integration and expanding your horizons further outside the firewall. Together you can approach marketing as an essential enterprise system that delivers innovation, business results, and better customer experiences.
One area challenging both CMOs and CIOs is how to leverage the growing social sphere.
Today’s CMO is struggling with how to better reach and engage with customers. According to the 2011 IBM CMO Study, 82% of CMOs say they plan to increase their use of social media over the next three to five years. We know today’s consumer has unlimited access to information and can instantly share it with the world. This immediacy has raised consumers’ expectations for 100% personalized communications and top-notch service.
At the same time, CIOs are facing a similar struggle within the organization’s walls. That same empowered consumer is today’s empowered employee striving to meet deadlines and deliver superior results at an even faster pace. According to IDC, employees typically see up to 30% increased productivity using social tools internally to complete their work. With a workforce that is socially oriented and geographically distributed, CIOs today are struggling to provide company data on every type of device for their on-the-go, highly motivated employees.
While social is a common denominator for today’s CMO and CIO, what does it look like when they come together to achieve their goals and in the end realize business value for their organization?
Here are some examples of organizations across the globe that are leading the charge, pioneering this C-suite social agenda, and as a result, delivering a superior social, digital brand experience for their customers and employees:
- Taking advantage of cutting edge digital experience and social technologies, Wimbledon has transformed its web presence to meet the needs of the 16 million people who tune in online to the annual tennis championships. By visiting its website, www.wimbledon.com, fans can share information, interact with, and connect to The Championships as though they were actually there.
- Cars.com is similarly embracing web experience technology to provide a 360-degree view of its entire business operations, enabling dealers to examine current inventory, change pricing, and manage photos, among many other business activities—ultimately providing better services to its customers. Today, Cars.com has scaled to support 200 million unique visitors a year, an increase of 145 million visits since 2007.
- Gruppo Amadori, a wholesale distributor of quality foods in Italy, has improved its online presence, enabling the company to communicate more directly with younger consumers and increase consumer loyalty. The organization can create new mini-sites up to 40% faster, saving time and costs. Amadori has also created an up-to-date database of consumer details, helping the company better understand the needs of its customers.
- The region of Windsor-Essex, Ontario, Canada has created a community portal built to provide the region’s government and related organizations with the tools to help citizens with emergency and community services, transportation, health, utilities, and life events, such as getting married, having a baby, or retiring. Through the region’s innovative use of IBM technology, asthma attacks have been alleviated, a local automobile manufacturing plant diversified into the aerospace industry, and 250 tons of waste materials from a road construction project was made into new housing for those who needed it the most.
Despite a few trailblazers, like the organizations listed above, this collaboration between CMO and CIO is the exception and not the rule, but it’s clear that if your organization is looking to gain an advantage over the competition, this relationship is the ticket to success. It’s time as a marketer to knock on your IT department’s door and get collaborating!
Posted in Alignment, CIOs, CMOs, Collaboration, Community, Competitors, Customer Experience, Customer Retention, Customers, Employees, IBM, Innovation, Jeff Schick, Loyalty, Marketing | Comments Off on Blending the Art of Marketing with the Science of Technology
By Eric Fletcher, Chief Marketing Officer at McGlinchey Stafford
All listening is not created equal.
Consider how a physician uses the stethoscope in order to measure the activity of the human heart, or how a mother calibrates her ear to detect the faintest whimper of a newborn, or how a conductor trains the ear to pinpoint the one-out -of-a-hundred instruments slightly out of tune.
Compare these with the ability to tune out a barking dog, or half listen to the rant of a coworker, or subconsciously mix the rhythm of the rain to the precise sleep-inducing decibel. Now consider how we interpret tone, process innuendo, translate vernacular, and compose a whole new message—all while we (theoretically) listen in the context of conversation.
Indeed, all listening is not the same.
Listening is done at many levels. But as we become skilled at reactive listening—mixing to a manageable level everything we’re taking in—we’re inadvertently contributing to the demise of effective communication.
What’s missing? Intentional, proactive listening.
Intentional listening reveals the voice of those with whom we want to connect. And by voice, I mean the cares, aspirations, and concerns of your target audience. It’s the key to the most basic principle of effective communication—that connection takes place in the context of shared experience.
Put another way, intentional listening will identify, outline, and define the language of the closest you will ever come to a can’t-miss message. And it’s the key to the instigation of a whole new brand of experiences—those uniquely shared by you (or your business) and your most coveted customer.
Translation: the shortest distance between where we are today and a relationship that results in the development of stronger brands and better business is less about the construction of a long list of capabilities and more about one or two questions that instigate dialogue. It’s less about what we do and more about where our clients live each day. It’s less about what we know and more about what we can learn if we’ll listen first—and then build experiences that center on ways to continue to listen.
Game-changing social media marketing plans and strategies—not to mention the path to lifetime customers—just might be less about beginning with a compelling marketing message and more about intentional listening.
(This is an excerpt from Kent Huffman’s new book, 8 Mandates for Social Media Marketing Success.)
Start at the Beginning: 8 Mandates for Social Media Marketing Success—#1: Start Listening
Posted in Customers, Eric Fletcher, Kent Huffman, Listening, Marketing, Messaging, Relationships | Comments Off on 8 Mandates for Social Media Marketing Success—#8: Continue Listening
By Kent Huffman, Chief Marketing Officer at BearCom Wireless and Co-Publisher of Social Media Marketing Magazine
It seems that everyone claims to be a Twitter expert these days. Of course, most are not. But several of the real Twitter pros I know—including those who have written books about using Twitter as an effective marketing and public relations instrument—have figured out how to best leverage the 140-character microblogging tool to promote themselves, their books, their firms, and their clients. And some of them actually follow their own advice!
How Smart Marketing Book Authors Use Twitter
For example, Mark Schaefer of Schaefer Marketing Solutions is the author of the book The Tao of Twitter: Changing Your Life and Business 140 Characters at a Time. He and his firm provide affordable outsourced marketing support to address both short-term sales opportunities and long-term strategic renewal.
Mark uses Twitter to help deliver on that promise for a number of his blue-chip clients, including Nestle, AARP, Anheuser-Busch, Coldwell Banker, Scripps Networks, Keystone Foods, and the U.K. government. He also very effectively promotes himself and his book on Twitter as part of his own marketing, branding, and relationship-development strategy.
“I’ve literally built my business from networking on Twitter and connections from my blog,” Mark said. “That’s what most people miss. Twitter can be a powerful business networking platform. It’s so much more than ‘what you had for breakfast!’ ”
Hollis Thomases is the CEO of Web Ad.vantage. She is also the author of Twitter Marketing: An Hour a Day, a book that offers marketers, advertisers, brand managers, PR professionals, and business owners an in-depth guide to designing, implementing, and measuring the impact of using a complete Twitter strategy.
Hollis uses Twitter to generate qualified website traffic that gets converted into actions, leads, and sales for her clients, most of which are challenger brands or large non-profit organizations.
Much like Mark, Hollis’ strategy includes using Twitter as an effective promotional tool for her book and firm. She also leverages Twitter to expand her speaking engagement schedule, which features topics such as “Social Media 101,” “Twitter Automation,” and “Social Media Etiquette.”
And finally, Laura Fitton, co-author of Twitter for Dummies and founder/CEO of oneforty, has been an active Twitter user for some time. She has amassed approximately 80,000 followers and engages with them daily.
Laura’s firm helps people get started with Twitter, organize the chaos of their daily social media routines, and connect their social media efforts to their core business to drive ROI.
“The single most important thing is to make yourself useful, which you can do by curating great content, answering questions, shining a spotlight on others, and trying to turn everything inside-out to make it more about your readers,” noted Laura. “I tell people to ‘Listen. Learn. Care. Serve.’ (in that order), and then keep cycling through that process.”
Twitter’s Impact on How Journalists Search for SMEs
In an environment where fewer and fewer journalists are covering more and more stories than ever before, media members are increasingly taking a “don’t call us, we’ll call you” approach to finding sources and stories to cover. Rather than waiting around to be pitched by traditional PR reps, many media members are looking for their own sources—not only Google and HARO, but Twitter as well—to search for and connect with subject matter experts (SMEs). Book authors and other experts who have built digital platforms that showcase their credentials and provide valuable information on their topics have widened their nets to catch such queries on Twitter.
Beth Gwazdosky is the Vice President of Digital Marketing at Shelton Interactive, an Austin-based firm that works with its author clients to create social media and interactive marketing/PR strategies and platforms that generate attention—online and off. “We help our authors understand how best to use Twitter and other social media channels to stand out in this new environment,” said Beth. “Creating strategies to organically pull media hits, speaking opportunities, and client relationships has proven to be much more efficient than trying to pitch our way onto the air.”
So if you’re interested in promoting yourself, your book, your organization, or your clients, why not use Twitter to your advantage? But don’t jump in without a well-thought-out strategy. Pay attention to the real Twitter pros who are actually practicing what they preach, and then emulate their approach.
Posted in Blogs, Branding, Channels, Content, Customers, Demand Generation, Engagement, Google, HARO, Integrated Marketing, Interaction, Journalism, Kent Huffman, Lead Generation, Listening, Marketing, Promotions, Public Relations, Relationship Marketing, Relationships, ROI, Sales, Strategy, Twitter | Comments Off on Using Twitter for Marketing and PR: Do the Pros Practice What They Preach?
By Kelly Loubet, Social Media Consultant
Everyone knows that clicking the “like” button on a company’s Facebook page shows that company is increasing its fan base. But what happens after the click? For me, it’s often just that. A click. I’m sure I’m not alone. So how do brands turn a simple click into loyal relationship with consumers?
It all starts with engagement. If a brand can engage its audience, it’s on the right track. Being able to excite the fan base and get them to act is key in building a Facebook community. But in order to get them to act, there must be an exciting call to action. Contests, polls, and general questions encourage a sense of community. They’ve already acknowledged that they like the brand, now’s their chance to share their opinion.
In addition to a call to action, in order to engage the audience, a brand must also put out worthwhile content. Blog posts that both inform and entertain readers are a must. So many brands today are just putting out fluff pieces. Sure, these pieces of content keep their Facebook pages fresh, but audiences want something more. They want something they can relate to. A well-written post can be shared again and again across Facebook by loyal community members. Give them something worth sharing.
Finally, loyal community members want to be rewarded. Companies that find a way to give back to their fans have much more activity on their pages than brands who don’t engage. A simple “thank you” to fans when a certain milestone has been reached can go a long way: “Thank you to all our readers who helped us reach 10,000 fans. We couldn’t have done it without you and your input.” A message like this will prompt those who have been around from the beginning to comment and be proud of the community they helped to build.
Beyond words of thanks, giveaways are another nice way to show your community you’re happy to have them around. Brands might also consider a charity drive. Giving back always builds a sense of gratitude in people. Nothing builds community more than giving.
These are just some simple ideas that could be easily implemented with a dedicated team. Without a team willing to put the time in to keep the conversations going, it’s not going to work. Facebook is about people. It’s about relationships. No relationship grows without some cultivation.
If your brand is looking to step up your Facebook efforts, be sure you have the proper team in place. Soon enough, your Facebook community will be going beyond the “like.”
Posted in Blogs, Branding, Cause Marketing, Charities, Community, Content, Contests, Customers, Engagement, Facebook, Kelly Loubet, Opinions, Polls, Promotions, Relationships | Comments Off on Turning Facebook “Likes” into More than Just Clicks
By Michelle Manafy, Director of Content at FreePint
Between all generations lie gaps. Yet in the course of some generations, major events occur that cause tectonic shifts. The fact is that many individuals and businesses today face a massive and growing generation gap. As this digital native generation—which has grown up immersed in digital technologies such as the mobile phones, gaming, and social networks—becomes our dominant employee and consumer base, those in older generations must learn to navigate a radically altered landscape in order to succeed in business going forward.
Here are five key insights into the digital native generation that will help you understand how best to leverage their distinct worldview to achieve your business objectives.
- They live publicly online. Without a doubt, the notion of privacy didn’t change overnight with the advent of the Internet. For better or worse (or for lack of a better word), we’ve seen an evolution of privacy. It was once the norm to keep one’s dirty laundry tucked away out of site. This gave way to a generation that would share from the relative privacy of a therapist’s couch. More recently, we have witnessed the era of trash-mouth talk shows and reality TV. However, with the digital native, businesses must address the expectations of a generation raised in social networking environments, in which they routinely share every detail of their activities and opinions with a potentially limitless group of friends. Tip: Often, businesses are hamstrung by outdated notions of privacy. They fail to recognize and capitalize on the digital native’s openness. We need to understand the native’s natural inclination to live publicly to guide these activities so that they are consistent with our business objectives. We can also build business models that leverage on this openness, both in the way we structure our employee activities as well as customer interactions.
- They share knowledge. Once we recognize that the natives are living their lives out loud, we can begin to understand how this behavior is shapes all aspects of their lives. Despite a good deal of hyperbole about social media and marketing via Twitter and social networks, as many as 50 to 75 percent of organizations limit or ban the use of social networks while on the job. What this demonstrates is not simply a fear of exposure through inappropriate use of social technologies, it shows a distinct lack of understanding of how to effectively manage and channel the knowledge sharing inclination of this generation. Tip: Beyond crafting guidelines to regulate the appropriate use of social networks on the job, proactive use of socially mediated, open, collaborative ways of working can help companies capture otherwise transient knowledge assets. The old adage was that knowledge is power; for the digital native knowledge shared is power.
- They believe transparency yields trust. Because digital natives live publicly and value knowledge sharing, organizations that demonstrate a similar level of openness will be the ones that attract and retain them as employees and customers. Digital natives make new friends, followers, and fans every day. However, it is important to keep in mind that it takes a lot of work to maintain the kind of genuine relationship required with the digital native. If digital natives dislike your brand, they will make it publicly known. Luckily, the reverse is also true. Today’s ultra-connected consumer, raised to share and monitor sentiment, may seem like a fickle friend, but that’s only if organizations don’t stay involved by listening, responding, owning up, and doing the work it takes to maintain a genuine, long-term relationship. Tip: When it comes to attracting and retaining this generation as employees, it is essential to recognize that today’s best employees are also monitoring opportunities and discussing employers online. For recruiting, this can provide insights into who the best, brightest, and most social media savvy are. And for employee retention, employers can leverage these same tools and tendencies to make sure they are competitive in the market and respond to concerns in order to attract and retain the best and brightest.
- They are timely, not time managed. While most people are painfully aware that the line between “at work” and “off duty” is increasingly blurred, for the native this will be taken to a whole new level. The digital native will move beyond what previous generations called a work/life balance to a new sort of work life integration. For the digital native, work and social activities are ever present—they travel with the native anywhere and anytime. Digital natives may log more hours at their computers during the course of a day than those in previous generations, but they switch back and forth between work and leisure in short bursts. Though this may strike some managers as inappropriate, it helps to realize that while an older worker might head to the break room or a co-worker’s desk to clear his head, natives are more likely to “info snack” or catch up on a quick burst of Facebook updates. Tip: Moving forward, companies that emphasize collaboration, learning, and socialization will see key benefits in comparison to companies that focus solely on productivity. The native doesn’t need to play all day to be happy. However, there’s no reason that work inside an organization can’t be constructively influenced by the expectations of our younger workforce.
- They believe in interactions, not transactions. Social networking, social media, social . . . with all this socializing, one might begin to wonder how any business ever gets done. Suffice it to say, it does, and it will continue to do so. However, organizations that develop good social skills will have a competitive advantage over those that remain socially inept. One quality that will be essential for business success going forward is recognizing that this generation is not interested in traditional transactive business models, which are based upon exchanges of money for goods annd services. This is a generation that is interested in interactions. Tip: Unlike a transaction-based system, an interactive one is based upon social currency. The fact is that all aspects of business will need to embrace interaction, from marketing and CRM to product and content creation. This generation doesn’t just want to do business with companies it views as friends; it wants to do business with itself and expects to see its ideals and objectives reflected in the companies it chooses to do business with.
While there are many digital immigrants who are wholeheartedly adopting digital tools, it is not simply emerging technologies that must be mastered. A lifelong immersion has affected the mindset, behavior, and expectations of the digital native generation. To succeed in business with them, we must understand it and build models based on this new native culture.
Posted in Branding, Collaboration, Content, CRM, Culture, Customers, Digital Natives, Employees, Engagement, Facebook, Interaction, Listening, Marketing, Michelle Manafy, Networking, Privacy, Relationships, Social Currency, Transparency, Trust, TV, Twitter | Comments Off on The Digital Native: 5 Things You Need to Know
By Jeffrey Hayzlett, author of Running the Gauntlet: Essential Business Lessons to Lead, Drive Change, and Grow Profits
If you are a marketer, I can almost guarantee that one of your goals for 2012 is to figure out your mobile strategy. You’re not alone. Everyone is talking mobile, but very few have figured out how to integrate a mobile strategy into an existing marketing plan. I found an answer to this dilemma, and it’s called “SnapTags.”
SnapTags are similar to QR codes but way sexier, offering more options for the user and a wider reach (SnapTags have capabilities on 88% of mobile phones, compared to 13% with QR codes). I’m encouraging marketers to integrate SnapTags into all their existing marketing campaigns. It’s a low-cost solution that bridges the gap between your physical marketing campaigns and your mobile and digital marketing goals.
In my case, I’m using SnapTags in my new book, Running the Gauntlet: Essential Business Lessons to Lead, Drive Change, and Grow Profits. Readers can “snap” a SnapTag at the beginning of each of the 37 chapters to view the video that accompanies each section of the book. This creates a more personal connection with my readers, as they get to see and hear me introduce each chapter on their mobile phones! Plus—and this is the best part—the reader is provided with links to my Facebook and Twitter pages each time they “snap.” I’m bridging the gap between the physical book and the digital relationship I’m building with my readers through social media.
The advantage of this strategy is that your brand can create more than a simple piece of print media. SnapTags enhance simple print media to:
- Forge a digital connection across social networks
- Drive new customers through your digital sales funnel
- Create a point of purchase through virtually any placement
Some of the largest brands in the world are already using SnapTags, like Bud Light and Coca-Cola. Most recently, SnapTags were deployed in the September issue of Glamour magazine, being featured on the cover and across both editorial and advertising pages. This campaign netted Glamour more than 100,000 consumer activations and more than 500,000 consumer interactions (includes scanning the codes with an app, texting a picture message, taking subsequent actions such as agreeing to “like” an advertiser or article, signing up for the deal or sweepstakes being offered, or sharing the offer with friends).
Mark my words—in 2012, mobile integration will play a critical role in your overall marketing plan. The key to bridging the gap between your traditional and digital marketing campaigns is the mobile device. SnapTags Founder and CEO, Nicole Skogg says, “In 2012, you will see shopping SnapTags create a new way for consumers to buy whenever and wherever they encounter a brand message. Anticipate seeing SnapTags in some transformative brand marketing campaigns.”
I’ve already integrated SnapTags into my big marketing campaign for 2012. Have you?
Posted in Apps, Customer Experience, Customers, Engagement, Facebook, Jeffrey Hayzlett, Lead Generation, Marketing, Mobile Applications, Mobile Marketing, Promotions, QR Codes, Retail, Sales, Smartphones, SnapTags, Strategy, Twitter, Video | Comments Off on Bridging the Digital Gap with SnapTags
By John Foley, Jr., Chief Executive/Marketing Officer at Grow Socially
Google+ has taken the social media world by storm. The search engine mammoth has finally created a social network with some traction, and everyone is taking notice, including Mark Zuckerberg and the Facebook team. At this point, businesses should be sitting up and paying attention. But should you be jumping into the new social venture?
Google+ offers features that can be highly beneficial to businesses. Features that even Facebook can’t match. For example, there is Hangouts. This feature allows for you and ten friends to video chat all at once. This is a simple, hassle-free way to video conference with clients, partners, and more. Video chatting can be more fun than a standard conference call, and it is a way for you to connect with your clients in a more personal way. Really get to know your cross-country customers.
Circles is another feature that can make life easier for your business. Have circles of friends dedicated specifically for the companies that you work with. Send out messages directly to the people you want to have read them. This way, you can keep up a personal, engaging relationship through the social network without the pain of having to sift through long lists of friends.
There is also Huddle. This is a way for you to chat with all the members of a Circle. You can use this for interoffice communication purposes. Keep everyone informed about meetings, time changes, new clients, and more.
These three great features of Google+ can easily be used to help your office’s efforts in communication. Google+ bridges the gap from social media interaction to real-time, practical, personal interaction. From the social network, relationships can improve with clients, prospects, employees, and business partners.
If you decide to jump into Google+, have a plan in place. Aggregate some influential and worthwhile Circles that can immediately give you people to connect with. Just like Twitter and Facebook, have a content strategy for when you are going to push out content and how you are going to engage your audiences.
Give Google+ a try. The more people who join, the better and more effective the features will become. And with a little planning, those features can greatly enhance your business.
Posted in Content, Customers, Engagement, Facebook, Google, Google Plus, Interaction, John Foley Jr., Networking, Strategy, Twitter | Comments Off on Google+: Where Do You Fit In?
By Phyllis Zimbler Miller, co-founder of Miller Mosaic
Have you recently found yourself standing in the checkout line at a chain drugstore hearing an ad for a product that includes a reference to social media? For example, you may hear, “Follow us on Twitter or ‘like’ us on Facebook to learn about our new products.” And you say to yourself, “I’m so glad I don’t have to worry about those things for the marketing of my company’s products and services.” If you’ve been reassuring yourself thusly, you’re dead wrong.
Social media is here to stay. And if you don’t want your competition to trample you into the ground, you need to get with the program right now!
The irony is that, once you admit you don’t know enough about how your company can benefit from social media, and you resolve to learning more, you’re already on the way to harnessing some of the power of social media. Why? Because the most effective use of social media is sharing information with others, as opposed to selling your products and services.
A little secret that makes a big difference: when it comes to social media marketing, almost everyone has to start at zero. It doesn’t matter whether you’ve grown up with Facebook or without computers, the concepts of using social media effectively for marketing have to be learned. Why is that? Because effective social media marketing goes against the grain of traditional advertising/marketing. Instead of pushing out our company’s messages, we have to share information with our prospective clients and customers, be responsive to answering their questions, and think of the benefits of our products and services from their perspective and not ours.
For example, consumers in the age of Facebook are probably not very interested in how many employees your company has or what your headquarters looks like. But they probably are interested in how much easier or more fun their lives will be if they use your products or services. And you can show rather than tell this by sharing information on social media sites.
Let’s say you manufacture a revolutionary new food blender. Besides sharing the revolutionary benefits of the new features, you can also sponsor a food blender recipe showcase in which people share their own recipes on your company’s Facebook page. Your food blender gets publicity created by its own fans. And those fans can share their enthusiasm for your new blender with their friends on Facebook, who can share with their friends on Twitter, who can post videos on YouTube, etc. And the concentric circles get bigger and bigger.
It’s okay to start at zero knowledge regarding social media marketing, as long as you commit to moving forward to an ever-increasing knowledge base. If you do this, you and your company can look forward to connecting with your prospective clients and customers in ways you never could have imagined possible only a few short years ago.
Posted in Advertising, Competitors, Customers, Facebook, Marketing, Phyllis Zimbler Miller, Twitter, YouTube | Comments Off on How to Overcome Your Own Fear of Social Media
By Amy Howell, CEO of Howell Marketing Strategies
Not a day goes by that someone doesn’t ask me about social media for business. LinkedIn, Facebook, and Twitter are all new media tools that can help bolster your Internet or digital “footprint.”
You can read all about how social media is ramping up the conversation by doing a simple Google search. But the more important question small business owners want answered is how to use social media to boost sales and get the phone ringing. I call it “turning on the water faucet.” Social media for businesses should mean one thing: free tools that can strengthen your organization’s SEO (search engine optimization), help get your message out, and engage with customers and prospects.
Now these tools may be free, but the time you must spend executing the work can be extensive. A lot of writers just re-hash what’s already been written, so what I find most helpful is to share what we help clients do in the trenches every day. Below are the main barriers to using social media and why it remains a mystery, followed by how to get started and what to do first.
The barriers for most small businesses using social media are:
- Time and education: It takes time to read and learn about the ever-changing, growing tools online, and most business owners don’t have extra time to devote to this. I hear it every day, and as a small business owner myself, I certainly understand this constraint. Small businesses have limited resources and must focus on revenue development and all that comes with running a business. Social media can help a small business tremendously, but most owners have not had time to get up to speed.
- Lack of resources: It takes a dedicated effort to employ social media tools. Most companies can hire help, but many simply don’t have the extra resources to do so.
- Reluctance to embrace new media: A lot of people are just flat out skeptical of social media. There are legitimate reasons to ignore it, especially if you are in a regulated industry (banking, insurance, finance, etc.), as some governing entities such as the SEC have policies against any use of social media for work. I think that will change soon, as I’m already seeing some large organizations issue new policies on social media use.
- Generational: Most people would be surprised to know that the average age of a Twitter user is between 40 and 55. Age isn’t an excuse to avoid social tools, but it is often an explanation.
How to get started if you want to add a social media strategy to your marketing toolkit:
- Read, read, read. There are some excellent blogs (like this one) and other resources online that can tell you all you need to know. There is no “magic wand” that will do this for you. If you really want to jump in, you have to do the reading yourself. You can hire it out of course, but the ideal results spring from the business understanding social media and embracing it, even if it means only monitoring at first. Let’s take the Judy McLellan Team for example (@JudyMacTeam on Twitter). Judy hired my firm to help with a real estate marketing and PR strategy that included the use of social tools. At first, we did some of the tweeting and posting. But now, you can find Judy out selling homes while using her iPad and iPhone to tweet and spread information about her listings.
- Pick one tool and learn that first. For me, it’s Twitter. Once I understood Twitter, I moved on to learning about some other tools. I think by mastering one tool, small businesses can see results faster. Let’s take Cheffie’s Cafe (@Cheffies on Twitter) as the next example. We helped Cheffie’s Cafe spread the word by using Twitter, along with traditional PR during the previous few months. A good Twitter strategy is key to a successful PR campaign.
- Look at what your competition is doing. Get online and do a little research to see what your competition is up to in the social space. Let’s take OrthoMemphis, a successful orthopaedic practice in Memphis that adopted social media long before its competition did. We have helped OrthoMemphis (@OrthoMemphis on Twitter) use social media tools to not only market their sub-specialists (knee, hips, and shoulders), but also to launch OrthoStat, its acute care walk-in clinic. Combined with direct mail, PR, and patient communications, Twitter and Facebook have been tremendously helpful.
- Get a social media policy in place and communicate it to your organization. There are some great examples online and free resources available. I suggest any small business that wants to use social media tools have a policy in place just like a media policy. Talking online is like talking in the newspaper, and it’s important to have a strategy and know the dos and don’ts of posting online. Good examples are Coca-Cola, Kodak, and Intel. (A list of these can be found on my blog.)
The smaller the organization (or flatter), the easier it is to employ social media. Even though they may have more resources, larger companies are often more bureaucratic and have more red tape. Larger companies are also usually slower to “get it,” and we have found that companies without all the red tape can move faster and are often more decisive. Social media gives the little guys a leg up and is a great way to have a big voice online.
Posted in Amy Howell, Blogs, Commitment, Competitors, Customers, Engagement, Facebook, Finance, Google, iPad, iPhone, Lead Generation, LinkedIn, Marketing, Prospecting, Public Relations, Retail, Revenue, Sales, Search Engine Optimization, SEO, Small Businesses, Social Media Policy, Strategy, Tools, Twitter | Comments Off on Social Media: Still a Mystery to Most Small Businesses
By Dave Kerpen, CEO of Likeable Media and author of Likeable Social Media: How to Delight Your Customers, Create an Irresistible Brand, and Be Generally Amazing on Facebook (& Other Social Networks)
You wake up one morning and your back really hurts. You’ve been putting off finding a new doctor ever since you moved to town, it’s been forever since you’ve had a check-up, and now you’re paying the price.
The pain is too much to wait any longer, you’ve got to find a chiropractor now. So you grab your computer, go to Google.com, and enter “back doctor” and your town’s name. You see a list of a ten chiropractors who have paid Google to be listed there and dozens of others who come up in the organic search results. But do you really want to trust your throbbing back to a complete stranger in an emergency?
Then you think of another idea, and you head to Facebook and again search “back doctor.” At the top of the results is a doctor’s listing with a sidebar telling you that three of your friends “like” this chiropractor. “Sweet,” you think. “Someone I can trust, because my friends like him.” You make a quick call, and you’re off to get your backache taken care of by a recommended doctor, a professional your friends “like.”
This scenario and scenarios such as this aren’t happening en masse quite yet, but the use of Facebook and the social graph for search and commerce isn’t far off. Think about it. Why would you possibly make a decision about a doctor, an attorney, a mechanic—or any important product or service for that matter—based on advertising or Google placement when you can make that decision based on the preference and recommendations of trusted friends? Facebook and social media have made it infinitely easier to do the latter. It’s nothing short of a gamechanger for marketers and businesses of all sizes.
The great news about the new world of communications we live in today is that everybody has a shot. Build a great product, get the word out to a few people, make it easy for people to share with their friends, and you can win without spending a boatload. Just five years ago, for instance, if you went to a new restaurant that you loved, you might have shared your thoughts with a few of your friends, family, and/or neighbors. Perhaps if you really loved the restaurant, you may have raved about it for a week to as many as 10 or 15 friends. Today, you can share those thoughts with 200 Facebook friends, or 300 Twitter followers, or 150 LinkedIn connections—all with one click on your computer or smartphone!
No matter what the size of your organization or client’s business, you too have the ability to follow the simple rules of social media to reap the rewards. Senior management—and anyone in a communications position for that matter—needs to know that marketing in a social media and Facebook world is not about broadcasting your message and getting the largest reach and frequency, it’s about tapping into the conversation by listening, engaging, and empowering. The loudest, biggest spenders don’t win anymore—the smartest, most flexible listeners do.
Posted in Advertising, Conversations, Customers, Dave Kerpen, Engagement, Facebook, Google, LinkedIn, Listening, Marketing, Relationships, Search Engine Results Pages, Smartphones, Social Search, Social Shopping, Twitter | Comments Off on “Like” is the New Link: How Facebook is Reorganizing Google’s Web
By Dave Kerpen, CEO of Likeable Media and author of Likeable Social Media: How to Delight Your Customers, Create an Irresistible Brand, and Be Generally Amazing on Facebook (& Other Social Networks)
I was standing in line to check in at Las Vegas’ then-trendiest hotel in town, the Aria Resort & Casino, for nearly an hour. It was June 2010, and I had just arrived after a six-hour flight from New York. The last thing I wanted to do was waste an hour of my life waiting in line. Frustrated, I pulled out my BlackBerry and tweeted, “No Vegas hotel could be worth this long wait. Over an hour to check in at the Aria!”
Interestingly enough, the Aria didn’t tweet back to me, but a competitor did. I saw a tweet from the Rio Hotel & Casino just two minutes later. If you’re anything like most people with whom I’ve shared this story, you’re probably thinking, “What did the Rio tweet, ‘Come on over—we have no line.’?”
Had the Rio tweeted such a message, I would have likely felt annoyed by them, too, as if they were stalkers or some creepy characters looking to manipulate me and benefit from my bad experience. On the contrary, however, the Rio tweeted the following to me: “Sorry about the bad experience, Dave. Hope the rest of your stay in Vegas goes well.”
Guess where I ended up staying the next time I went to Las Vegas?
The Rio used social media to listen and be responsive, showing a little empathy to the right person at the right time. An ad or a push marketing-like message simply wouldn’t have worked. But the hotel staff’s ability to listen, respond, and be empathic did. The Rio essentially earned a $600 sale from one tweet—one message that got my attention and ended up being integral in my decision as to where to stay the next time I was in the city. That would be considered an excellent ROI by anyone’s standards. But the story doesn’t end there.
Before I even arrived in Vegas for my next visit, I “liked” the Rio on Facebook by clicking the “like” button at Facebook.com/RioVegas, thereby letting my 3,500 friends—and the world at large—know of my endorsement of its customer-friendly practices.
A few months later, my friend Erin was looking for a hotel to stay at in Las Vegas over the New Year’s holiday, and I received the following message from her on Facebook: “Hey Dave, I noticed you liked the Rio’s page. Thinking about staying there for New Year’s. What do you think?” A friend’s recommendation is more powerful than any advertisement, and Erin ended up staying at the Rio as well.
Dozens of other friends have surely noticed my tweets and Facebook “likes” about the Rio and have been influenced since. So, one tweet led to one “like” on Facebook and, in fact, thousands of dollars worth of business.
It used to be that happy customers tell three people about their good experiences, and unhappy customers tell ten about their bad ones. But as my experiences with the Aria and Rio hotels demonstrate, today—thanks to social media—happy customers AND unhappy customers can tell thousands of people their feelings about a company’s service or products with just a few clicks, relying on the “like” button as a virtual endorsement. The Rio leveraged this fact to its advantage, while the Aria did not.
Posted in Advertising, BlackBerry, Customer Experience, Customers, Dave Kerpen, Facebook, Listening, ROI, Twitter | Comments Off on The Power of “Likes”
By Adam Karwoski, Founder of Social Brand U
Isn’t social media cool? Since I graduated college in 1992, I’ve been involved with two of the biggest fundamental shifts in communications in our history: mobile phones and social media. I started selling cellular phones in 1994 for BellSouth Mobility and just left that industry last summer. I started dabbling in social media since that time, and I’ve uncovered a new-found passion. Long story short, six months later, I’ve started my own social media consulting company. (I think that’s kind of cool, too. Owning your own business is part of the American dream, right?)
I began to put pen to paper to find out what really jazzed me about social media. What’s the catch? In my last blog post, I talked about a friend of mine who in 2009 asked me if I was on Facebook, and I said, “No, I’m not 16 years old.” Little does he know that I remember that comment to this day.
Here are the reasons why I think social media is cool and why people love it, companies love it, and our culture loves it:
- I love technology, and I think we all do. Social media is a new kind of technology. In a lot of ways, it’s a lot like cellular technology back in the day. You couldn’t see the voice transmissions of a cell call, but making a call on a Motorola flip phone was just “cool.” Social media is real-time communication on a speakerphone with the world, where everyone or just a few loved ones can see talk, write, send videos, share photos, write articles, find jobs, get advice, or listen to what their favorite movie star or football player has to say. Technology is awesome, and social media has taken it to a new level.
- Our entire existence is based on relationships. No matter where we are or what we’re doing, chances are we’re communicating constantly and building relationships. A hundred years ago, it was around a campfire in the wilderness. Fifty years ago, it was in a mother’s home over tea and Tupperware. Today, it’s online and on our smartphones almost every hour of every day. There are plenty of downsides to social media, but that’s for someone else to write about. I love people, I love building relationships with people, and I love to learn from other people. Social media allows me to do all three all the time—and that’s cool.
- The best parts of social media are the stories; e.g., your story. Everyone has a story to tell. And I would argue that almost everyone has a compelling story to tell. If the volume of books, articles, and blogs are any indication of how many of us have a story to tell, then it makes complete sense to me why social media has exploded in recent years and will continue to evolve, expand, and become even more popular. Small business owners are learning that social media allows them to listen to their customers’ “stories” while allowing them to share their own. That conversation is taking place every day on social media.
- Stories draw people in. There’s power in telling stories. Look no further than Hollywood (Mark Zuckerberg has a cool story to tell). And social media success stories are everywhere, especially in business. Many small businesses understand social media and use it quite effectively because they haven’t forgotten how to tell their stories, which helps build relationships with their customers. But it requires you to be transparent and genuine. That builds trust. Trust with your customers builds your business. And whether it’s an idea, a product, or a vision, people buy from who they know, like, and trust.
Technology, relationships, and stories. Those are the reasons why social media has exploded. What’s your story? Whatever it is, share it and start a conversation. You will build relationships with others that will inspire, teach, encourage, and “wow” you.
Posted in Adam Karwoski, Authenticity, Blogs, Conversations, Customers, Facebook, Inspiration, Listening, Networking, Photos, Relationships, Small Businesses, Smartphones, Stories, Transparency, Trust, Video | Comments Off on Wow, What a Story!
By Jeffrey Hayzlett, author of The Mirror Test: Is Your Business Really Breathing?
Traditionally, ROI means “return on investment.” And that’s a very important component to consider in any marketing strategy. However, it can be difficult to track when it comes to zeroes. In the absence of hard numbers, ROI becomes something I call, “return on ignoring.” It’s especially relevant in your social media strategy.
Social media is happening with or without you, so what’s the worst that can happen? Most likely nothing, but consider that via Twitter and Facebook, the worldwide impact of the death of Osama bin Laden was readily apparent. The leading social analytics company, PeopleBrowsr, demonstrated these results in a recent blog post. There were more than three million mentions in the U.S. and hundreds of thousands of mentions in countries like Brazil, Venezuela, and Canada in the 48 hours after the news hit.
Another great example: during the Super Bowl, folks were tweeting and commenting on the commercials. The reach and impact of companies advertising during that event was just as important and viable via social media as it was through traditional commercials during the game.
Five tips to leverage your social media strategy:
- Overcome the challenges and capitalize on opportunity
- Set a policy for engagement
- Decide who speaks for your company and make sure they speak with one voice that represents your organization and brand
- Get out there—establish and protect your brand
- Quality over quantity—your message must have value and impact
Even if you’re a small company with a limited budget, you can still achieve big impact. If your message is relevant and genuine, and you listen to your customers, they will often sell your product or service for you.
Posted in Authenticity, Brand Champions, Branding, Customers, Engagement, Facebook, Jeffrey Hayzlett, Listening, Marketing, Messaging, Osama bin Laden, ROI, Small Businesses, Strategy, Super Bowl, Twitter | Comments Off on Five Tips to Leverage Your Social Media Strategy
By Diane Hessan, President & CEO of Communispace and co-author of Customer-Centered Growth: Five Proven Strategies for Building Competitive Advantage
Would you post a Facebook status update containing your thoughts about innovative ideas for a brand? Most of us would not. But would you join a Facebook fan page to get a sneak preview of new offers from the brands you love? I bet you would.
Two recent studies from our research team help to shed light on this. In the first, we found that in the eyes of consumers, public venues are primarily for hearing from brands—and having their loyalty rewarded—whereas private communities are more conducive to advising them. In the second study, we found that participation rates in public social marketing sites still tend to follow the “90-9-1 Rule:” 1% of people create content, 9% respond to it, and 90% view the content without contributing. In contrast, participation rates (people creating content) in our private communities averaged 64% each month.
What accounts for that discrepancy? In the first study, entitled “Like” Me, we found that people mostly join social marketing sites and Facebook fan pages in order to get product information and promotions. Brands are “liked” in order to learn about sales/discounts, new products, and interestingly, local events. These tangible, “pushed” offerings are more important to them on fan pages than having their voices heard.
And it isn’t just our own research surfacing these trends. Our data complement findings from a December 2010 study by SSI which determined that the relatively small population of Facebook users who are willing to participate in surveys is skewed towards 13-17 year-olds, and it also noted that those willing to participate in surveys are not interested in participating in public discussions, thereby limiting the range of consumer input available to marketers and market researchers. Also, recent studies by Razorfish and ExactTarget found that consumers do not view Facebook and Twitter as proper places for having conversations and building relationships with brands. That conclusion was echoed in a study released by iVillage which found that women, in particular, are “more inclined to have serious discussions on focused community sites than on venues like Facebook.”
In contrast, consumers prefer private communities for giving their feedback and opinions on new products and brands. 92% of members in our study of 246 private communities and more than 86,000 members said they feel their opinion matters in private online communities, as compared to only 66% of members who said they feel their opinion is being heard in the other brand-sponsored websites. In private communities, they feel the brand is actually listening, and this makes them feel more invested in the community sponsor.
But it’s not just about feeling heard. What makes private or highly targeted public communities such gold mines lies in what people are willing to share. Five times more people are comfortable sharing pictures of the inside of their medicine cabinets in a private community than in any of the social marketing sites they visit. Four times more are comfortable sharing the details of their holiday shopping budget. And so on.
And why? Precisely because unlike a social network, in a small, private, password-protected, recruited (vs. self-forming) community, their friends and colleagues aren’t there. Private communities provide a sanctuary from the daily, real-world relationships that can inhibit sharing as much as support it. (See the second study, The 64% Rule.)
So as you refine your own social media strategy, step back and evaluate your objectives. Don’t abandon your fan page—it’s a powerful channel to consolidate your brand fans and win an even larger share of their wallets. But recognize that if you want to learn what makes your customers tick and want to engage them in a constructive, ongoing dialogue, you may be better served by providing them a safe haven, away from the prying eyes of their thousands of “friends.”
Posted in Branding, Community, Community Sites, Conversations, Customer Experience, Customers, Diane Hessan, Engagement, Events, Facebook, Interaction, Marketing, Opinions, Promotions, Relationships, Research, Strategy, Surveys, Trust, Twitter | Comments Off on Freedom from Friends?
By Chuck Martin, CEO of the Mobile Future Institute, Director of the Center for Media Research at MediaPost, and Co-Publisher of Social Media Marketing Magazine
The trend of the move to smartphones in the U.S. continues, with penetration now reaching 30%, based on the latest data from comScore. The research firm found that 234 million Americans 13 years or older use mobile phones, with 69.5 million of them owning a smartphone.
This is not a surprise, considering the increasing capabilities of smartphones. We still expect the penetration of these devices in the U.S. to be around 50% by the end of this year. This has many implications for marketers, since the market then will be split with half owning smartphones and half not.
This of course means that half the market can use apps, and half can’t. About all can send and receive text (SMS) and multimedia (MMS) messages, and web access will increase. And then there are the platforms.
The comScore findings, based on a large sample of more than 30,000 U.S. mobile subscribers, shows Google’s Android operating system with exactly a third (33%) market share, followed by Research in Motion’s (RIM) BlackBerry with 29% and Apple at a quarter (25%) of the market. And the apps-rich Android and Apple environments continue to gain share while RIM’s declines.
The issue for marketers here is that the behaviors of users of phones on different platforms are different, as several studies have shown. Some companies we speak with don’t even know what types of operating systems their best customers are using.
One of the key drivers of the conversion to smartphones is behavioral—the actual activities that people are doing with mobile phones. Mobile phone users are texting (69%), browsing the web (38%), using apps (37%), accessing social networks (27%), playing games (25%), and listening to music (18%), according to the comScore study. And every one of these activities increased from the previous three months. We expect these types of mobile behaviors to continue to increase as more people move to smartphones and more features and capabilities continue to be added by the mobile industry.
The consumers are there, as is the mobile industry. Still missing from the mix are many companies not yet committing the necessary resources to mobile, mobile marketing, and mobile social marketing. Is your business sitting out the mobile revolution?
Posted in Android, Apps, BlackBerry, Chuck Martin, Customers, iPhone, Marketing, MMS, Mobile Applications, Mobile Marketing, Mobile Search, Smartphones, SMS, Text Messages | Comments Off on Conversion to Smartphones Continues
By Kent Huffman, Chief Marketing Officer at BearCom Wireless and Co-Publisher of Social Media Marketing Magazine
If you’re a small business owner or manager—or even a corporate marketing executive with a very limited budget—and you’ve been wondering how you could leverage social media to help grow your business, you’re definitely not alone. Almost every marketer I know is having to deal with limited financial resources in 2011, primarily because of the challenging economic times we’re facing right now. So what do you do?
No Money? No Matter!
In most cases, success in social media marketing doesn’t necessarily require a large financial investment. But depending on your level of involvement, it may demand a significant commitment of time. Jessie Paul, author of the book, No Money Marketing: From Upstart to Big Brand on a Frugal Budget, says, “Unlike media such as TV, radio, print, or even Google Adwords, which are capital intensive (i.e., the more money you have, the more successful you are likely to be), social media in its current form is labor intensive.” But because of the magnitude of the potential opportunities presented by social media marketing, that investment is often a wise one. Jessie goes on to say, “Social media gives marketers a chance to be in direct contact with customers. That is very hard to get in any other media and is worth quite a bit of experimentation to achieve.”
I’ve been active on various social media sites (including Twitter, Facebook, and LinkedIn) since early 2009 and have been amazed at the benefits and opportunities that activity has brought to me and my company in a relatively short period of time. As Jessie suggested, I didn’t have to invest very much of my marketing budget to reach my social media marketing goals, but I did spend a lot of time developing strategy, content, and most importantly, relationships. I have to say it has been worth every minute.
Key Social Media Channels and Sites
If you’re just starting down the social media marketing path, an important first step toward making the most of the online social scene for your business is to select the right channels and tools to use. Robbin Block, author of the book, Social Persuasion: Making Sense of Social Media for Small Business, says, “Knowing your own abilities and the impression you’re trying to make can play a big part in the types of sites you choose. There’s a big difference between creating original content and simply participating. For example, posting a response or voting is much different than writing an article. If you’re a creator—that is, you have the time, talent, or inclination to create original material—then content sites are a good choice.”
“Whether you choose to be a creator, a participant, or a blend of both depends on your strategy,” adds Robbin. “Certain types of small businesses are a natural fit with particular social media categories. For example, a speaker might post a video on YouTube, list events in online calendars (like Yahoo! Upcoming), and upload presentations to SlideShare. If you’re short on budget but long on talent, that may help you decide. Writers may choose blogs, videographers may choose content sites, social animals may choose networks, and subject experts may choose Q&As.”
Reaping the Benefits of Conversations
Once you’ve selected the right social media channels and sites for your individual situation, you’re ready to join the discussion, build relationships, and ultimately reap the benefits.
Recently, Network Solutions and the University of Maryland (UM) conducted a compelling study about the use of social media in small businesses. “Social media levels the playing field for small businesses by helping them deliver customer service,” says Janet Wagner, Director of the Center for Excellence at UM’s Robert H. Smith School of Business. “Time spent on Twitter, Facebook, and blogs is an investment in making it easier for small businesses to compete.” Connie Steele, Director at Network Solutions, added, “Tough market conditions mandate small businesses to think and act creatively to sustain themselves. Social media can be the best friend for small business owners who constantly seek new ways to maximize productivity while keeping costs low.”
And those same challenges apply to most every marketer, no matter how small or large his or her organization may be. Eric Fletcher is the Chief Marketing Officer at McGlinchey Stafford (a commercial law firm based in New Orleans) and is one of the most popular CMOs on Twitter. He frequently writes about social media marketing-related issues. Eric says, “The ultimate goal of any social media marketing effort should be to enhance the brand and move forward on a continuum that leads to a new or deeper relationship with the target. Nothing accelerates the establishment and deepening of relationships like the give-and-take of conversations on social media.”
Eric is also acutely aware of the budgetary challenges marketers are facing today. “In an environment where marketing budgets are frozen (if not shrinking), a robust social media strategy is based more on the investment of time than dollars,” he notes. “We have always understood two things: the value of word-of-mouth marketing and the need to ‘fish where the fish swim.’ In social media, those two essentials come together—giving any enterprise, regardless of budget, a way to have a daily conversation with a world of prospective customers.”
Posted in Blogs, Budget, Channels, Content, Conversations, Customers, Facebook, Kent Huffman, LinkedIn, Marketing, Relationships, SlideShare, Small Businesses, Strategy, Tools, Twitter, Word of Mouth, YouTube | Comments Off on Social Media Marketing on a Shoestring
By Margaret Molloy, Chief Marketing Officer at Velocidi
Since attending the SXSW Interactive Festival in March, a number of CMOs have asked me for my key takeaways from the event. Articulating these succinctly has not been easy. After all, SXSW provided such valuable insights into new technologies, inspirational speeches, and fantastic networking opportunities. Upon reflection, I can summarize my key learning in a few words: get back to basics.
The pace of the technological evolution is dizzying—racing to keep up with it can cause us CMOs to lose site of the big picture. Digital platforms are not an end in themselves, they are tools that help us more efficiently do what we’ve been striving to do for years: engage customers, know them, guide strategy, and achieve growth and influence in our markets.
Based on this premise, here are eight imperatives to guide us through our rapidly evolving digital landscape, garner internal support, and achieve growth:
- Align all digital marketing activities with your company’s business goals. Focusing on the bottom line will help you choose the right platforms to engage your customers and build the digital initiatives to help you achieve the right results. (Remember that innovation and learning can also be excellent desired outcomes.)
- Manage your brand’s digital presence (web, social) with the same vigilance as your CFO manages cash flow. A well-executed digital presence—and the appropriate investment in it—will yield the customer data and engagement required to drive business strategy and impact your company’s valuation.
- Know your customers in a better, deeper, more textured way than your competitors do. Leveraging social media platforms to understand your customers’ personal interests, preferences, and motivations can provide you with data required to drive powerful new marketing campaigns.
- Embrace customer segmentation and pricing with discipline, or risk margin erosion. Given the degree of price transparency and ease of information sharing online, your margins need constant vigilance—not all customer segments require discounts to establish loyalty, referrals, advocacy, and repeat purchases.
- Channel your inner educator, specifically your economics 101 professor, when addressing digital marketing tactics with management. Train your executives on the strategic metrics for your business, or risk them defaulting to the popular definition of ROI (number of followers, website impressions, etc.). If management doesn’t know how to assess and measure the effectiveness of digital marketing initiatives, it’s not realistic for them to fund the programs.
- Strive to balance long-term customer relationship building with lead generation, activation, and sales objectives. Avoid the temptation to jump in and close a prospect on the first signs of potential interest, or risk losing them.
- Consider your brand a publisher and be clear on your content goals—education, entertainment, community building, etc. Draw on the entire spectrum of content (brand-generated, partner-created, user-generated, curated, etc.) to select the right mix to cost-effectively engage your customers.
- Be authentic in your customer engagements through all communications channels. Customers are smart, well connected, and can easily identify insincere behavior and expose questionable tactics—honesty remains the best policy.
Focusing on these imperatives will ultimately provide you with a compass to guide you through the evolving digital landscape and toward the digital programs that will help you achieve your business goals.
Posted in Branding, CMOs, Competitors, Content, Customer Intimacy, Customer Retention, Customer Segmentation, Customers, Engagement, Honesty, Innovation, Loyalty, Margaret Molloy, Marketing, Measurement, Metrics, Monitoring, Pricing, Relationships, ROI, Strategy, SXSW, Transparency | Comments Off on SXSW: 8 Essential Takeaways for CMOs
By David Meerman Scott, Author of The New Rules of Marketing and PR: How to Use News Releases, Blogs, Podcasting, Viral Marketing, and Online Media to Reach Buyers Directly
The other morning, I popped over to my local Nordstrom store to check out what’s new for spring. Dave Angiulo helped me choose some styling shirts that I can wear with my blue Peter Millar suit.
As we were heading to the cash register, Dave asked me if I was on Twitter. It was a very low-key, casual question. It did not feel pushy in any way. “Absolutely,” I said. “Are you?” He gave me his business card, which included his Twitter handle: @NordstromDave. Damn. I wanted to learn more.
Dave said he uses Twitter to keep his customers informed. He tweets photos of clothes he likes. Sometimes he comments on what’s happening, like this tweet on the Academy Awards: “I think my vote goes to Colin Firth for best dressed last night… or maybe Tom Hanks. Just proves again that you can’t go wrong with a classic look.”
Dave also told me that he has a bunch of clients who he sends direct messages to. He knows their tastes in clothing, and when something new comes in, he informs them, privately, right away. This real-time effort frequently generates immediate sales, as Dave already has his customers’ sizes and payment information, and he ships the items right out. Brilliant.
As I was checking out his Twitter feed upon returning to my office, I found myself fascinated by a video that Dave pointed to about Ex-Girlfriend jeans. Dave’s not too fond of them. Can’t say I blame him. His tweet read, “Not sure I’m up on this skinny jeans for men thing… slim, straight is okay, but “jeggings” for men? Video from @GMA: http://abcn.ws/idsVn2.” Others jumped into the Twitter discussion.
This is how you use Twitter at work!
In a corporate environment where many companies fear letting employees use social networking, Nordstrom is doing it right. Yes, there is a corporate @Nordstrom Twitter account, but Dave’s personal touch is a fantastic way to use Twitter for business, pushing the interaction down to people who work directly with customers.
To be sure, this is Dave’s initiative. He’s making it happen. But the effort is fully supported by Nordstrom. Dave has access to computers and iPads at work to tweet, and he usually uses his personal iPhone for the photos.
I’ll DM @NordstromDave the next time I need something. I want to make sure he’s there before I go in.
Posted in Customer Experience, Customers, David Meerman Scott, iPad, iPhone, Nordstrom, Retail, Revenue, Sales, Twitter | Comments Off on Nordstrom Does Twitter Right
By Sam Mallikarjunan, Chief Executive Officer of Mallikarjunan Media Group
Part 3
Facebook Profiles for Brands
There are some cases in which profiles are very appropriate for brands, such as personal or celebrity brands. My profile, for example, is much more useful for me than a page would be, since it chronicles my personal life and allows for deeper levels of engagement with my friends. Also, profiles provide the unique ability to invite users to events, organize them into convenient lists, tag them in posts and photos, and interact on a far deeper level by commenting on their posts, links, walls, etc.
However, we must be mindful of the fact that many consumers still resent the intrusion of marketers into social media. Many of them find it bothersome enough that we have paid ads and pages. The fact that we’d intrude into their lives with profiles of our own may offend some.
Also, there’s an issue of scale when choosing between pages and profiles. It’s not Facebook’s intent that profiles be used for marketing businesses; therefore, they reserve the right to prevent you from making additional friend requests, which can severely limit the potential reach of your Facebook marketing efforts. So while Facebook profiles have some engagement features that may be more useful than pages, you must balance the advantages of pages and decide which is better for your company or brand.
Are you a personal brand, or do you want a deeper level of engagement with a smaller number of people? If so, consider a profile!
Facebook Apps
I remember when Facebook first opened themselves up for third-party application development. For a while, I checked every day to see what was new and what was the latest and greatest. Now, with countless apps being added every day, it’s almost impossible to keep up with them all.
Facebook apps provide a fascinating opportunity for marketers. If you can create an application that is useful to your consumers, whether they’re already your customers or not, you can create your own phenomenon to help put your brand in front of a massive audience of potential customers. If you can create a tool, game, or other system that builds value relevant to your consumers, you can do amazing things.
Can you think of any kind of neat app or game that would make using your product or service easier?
Tips and Tricks
Here’s a neat trick on how to use Facebook PPC for B2B sales: If you’re targeting a specific company, find out what city its corporate headquarters is located in. Then target fans of its page who live in the same city as the company’s HQ. Odds are, most or many of their employees (including senior management) are fans of the company page. This gives you a unique opportunity to put your ad right in front of their faces, and even create custom landing pages to capture their e-mails or phone numbers for follow-up campaigns.
What about you? If you know of other ways to use Facebook for marketing, or if you have any questions on what I’ve written here, feel free to comment below!
Posted in Apps, B2B, Branding, Content, Customers, E-Mail, Engagement, Facebook, Games, Marketing, Sam Mallikarjunan, Scalability, Social Games, Targeting, Tools | Comments Off on The Practical Marketing Applications of Facebook (Part 4 of 4)
By Berenice Ring, Professor at Fundação Getulio Vargas
Have you noticed how many decisions we need to make nowadays and the amount of details involved in each one? Surely life was much easier in the early 20th century, when consumer staples were sold in bulk and housewives had their goods chosen for them by the shopkeeper, whom they relied on and trusted.
If you wanted to buy a car in 1915, the choice was quite simple. The only automaker was Ford—who had introduced the assembly line—and the options boiled down to one model, the Model T. In 1987, Brazilian consumers could choose automobiles from six makers: Ford, Volkswagen, Fiat, GM, Gurgel, and Toyota. By 2008, 36 car manufacturers offered their vehicles, exponentially increasing our options.
A 1991 supermarket offered 15,000 items; today, in the same store, we find almost 50,000—including 100 types of yogurt and 200 models of mobile phones!
However, abundance of choices does not necessarily mean better decisions. As psychologist and professor Barry Schwartz points out in his wonderful book, The Paradox of Choice, the huge amount of options adds excessive strain to the decision-making process, causing exhaustion and discouragement. Furthermore, making one choice means relinquishing all other options, so that your preferred alternative seems less appealing and even elicits a sense of loss.
Until recently, people counteracted this frustration by consulting other people they trusted. But today, our world has become an ocean of information. For instance, if you’re planning a honeymoon trip to New York City, sites like TripAdvisor will provide complete information on virtually every hotel in the city. For example, if you decide to spend your hard-earned money on a wedding night at The Pierre, the famous hotel featured in several movies, you can read online comments by the site’s user community, ranging from “Great hotel!” to “Disappointing.” It is a huge benefit to get recommendations not only from your travel agent but from people who have stayed there recently. And upon your return, if you invite friends over for dinner, you can visit Epicurious on Facebook to find recipes, or you can search Twitter using the hashtag #recipes to find plentiful tips from users.
Some brands have grasped this new trend and offer their customers a dedicated section for comments and criticism, such as My Kmart and MySears Community. Other sites were specifically founded upon this trend, such as byMK and Polyvore, which allow users to express themselves.
The penetration of social networks today is amazing. A recent survey shows that 90% of respondents know at least one—and on average, four—social network websites. Facebook is the best example, of course, with more than 500 million users and countless communities. And if you want to find customer reviews of New York restaurants, the American site Yelp lists 12,000-plus establishments—not to mention more than 7,000 stores—along with user reviews of dentists, architects, and even surgeons.
As a Nielsen study confirms, “Recommendations by personal acquaintances and opinions posted by consumers online are the most trusted forms of advertising globally.” The study of 25,000 Internet consumers in 50 countries shows that nine in ten people trust recommendations of people they know, and seven in ten trust online recommendations from strangers.
In this scenario, a good social media strategy can do wonders for a brand in terms engaging its audiences. Can the brand help consumers make better choices or play the role of an early 20th century “shopkeeper” whom its customers trust and rely on? Are brands making the best of this tremendous opportunity?
Posted in Advertising, B2C, Berenice Ring, Choices, Community, Consumer Reviews, Customers, Engagement, Facebook, Ford, Hashtags, Marketing, Networking, Retail, Strategy, Trust, Twitter, Yelp | Comments Off on How Social Networks Help Us Choose
By Michael Brenner, Senior Director of Global Marketing at SAP
The biggest question I get asked on B2B Marketing Insider is about the challenges of sales and marketing alignment. I try to address the big issues in B2B marketing—such as integrated marketing, demand generation, and social media—but somehow, the topic comes back around to the relationship between sales and marketing. And it extends to our colleagues in PR.
I guess this shouldn’t be a huge shocker. I started my career in sales. Then I quickly moved into marketing to follow my frustrations. The alignment problem is what drove me into marketing.
BtoB Magazine recently reported on a Forrester survey that proves the point that this is huge challenge: only 8% of B2B companies say they have tight alignment between sales and marketing. Just 8%. They identify marketing’s long-term view vs. sales’ short-term view as the main reason for this disconnect.
So how can marketing and PR lead our organizations to better alignment with sales? The answer is social media.
A recent survey of 175 CMOs by Bazaarvoice and the CMO Club tells us that 74% of CMOs will tie their social media activities to quantifiable ROI in 2011. While that should help address the timing differences, I think there is more to it.
Today more than ever, marketing sells and sales people are marketing. And we are all communicators—some of us just more highly trained or capable. As Joe Pulizzi recently exclaimed, “Yes, We’re All Media Companies. What Now?” We need the content we produce across our companies to be professional, solve real customer problems, and be easily found.
Along comes social media, causing even more of a collision between sales, marketing, and PR/communications. The reason? We are all trying to align around customers through social channels. Add customer service, support, HR, and operations folks, and we have a real social media cocktail party happening.
Steps towards social alignment:
- Define the goal. Marketing and PR should help lead our organizations to a better total customer experience in alignment with sales, but also across our entire organizations.
- Work together. Social media can help us all get along (better). Marketing and PR should continue to take a leadership role in social media by defining how to best orchestrate social media strategy with sales, customer service, support, and other customer-focused groups across our companies.
- Develop a crisis plan. This is really where PR can take the lead. They have the skills and best practices knowledge, but they also need to partner with marketing, sales, HR, and customer service so that a 360-degree process is identified. As the Kenneth Cole fiasco on Twitter showed us, the crisis can come from anywhere, even within. So get your crisis plan in place today.
- Manage responses. One of the biggest opportunities for companies in social media is to develop a full response plan for inquiries, complaints, and so-called “trolls.” Here is an excellent example of a social triage process that can be used a model. By taking a leadership role in defining how we listen to social conversations and how we will respond, our companies can begin to achieve the true goal of a positive total customer experience.
I believe that by following these steps, we will start to see marketing, sales, PR, and all the functions across our companies become much better friends. And we just might create some new, happy customers along the way.
Posted in Alignment, B2B, Best Practices, BtoB Magazine, CMOs, Content, Conversations, Crisis Management, Customer Experience, Customers, Demand Generation, Engagement, Forrester, HR, Integrated Marketing, Lead Generation, Listening, Marketing, Michael Brenner, Public Relations, Relationships, ROI, Sales, Strategy | Comments Off on How Social Media is Helping Marketing, PR, and Sales Become Better Friends
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 | Comments Off on Keeping Score in Social Media
By Alan See, Chief Marketing Officer at Berry Network
The prefix “meta” is used to mean about its own category. For example, under the umbrella of business intelligence, you often hear the term “metadata,” which means data concerning data. For purposes of this short post, “metastrategy” could be described as an overarching marketing strategy determining which media strategies to use during various phases of the consumer purchasing process (strategy concerning strategy).
As your customers move through the purchasing process, multiple media channels have the potential to impact their buying decisions and shopping experiences. This makes an integrated marketing strategy more important than ever. There is strategic marketing importance in each phase of the consumer buying process in today’s competitive economy.
In the Berry Network Social-Ready Assessment, we asked respondents: “What level of priority does your company currently assign to social media marketing?” Less than 40 percent of our respondents rated the priority of their social media marketing initiatives as neutral or low. Interestingly, nearly 100 percent of those respondents are SMBs with revenues less than $100 million. Does that mean small businesses are anti-social? I don’t think so, but many are putting off their strategic marketing planning process since nearly all of the neutral and low responders also stated they “haven’t addressed social media related to corporate strategy on either a formal or informal basis.”
Not having a strategy is a dangerous place to be. In fact, in the Forrester report “Benchmarking Social Marketing Plans for 2011,” analyst Sean Corcoran states, “Any company not creating a long-term strategy, setting budgets, allocating resources, or setting policy is already falling behind. Interactive marketers should follow the companies that were brave in social media marketing and implement now rather than wait and learn the hard way.”
The current combination of declining customer satisfaction levels and economic concerns is creating the perfect customer experience storm. In this type of business climate, those companies that focus on an integrated consumer purchasing process will be the ones that come out on top. That means a relentless and coordinated approach to strategic marketing across all media channels has never been more important.
Posted in Alan See, Customer Experience, Customer Retention, Customers, Forrester, Integrated Marketing, Marketing, Metastrategy, Strategy | Comments Off on Using Metastrategy to Amplify Your Media Performance
By Bruce Weinberg and Paul Berger, Professors at Bentley University
Let us express upfront our sincerest apologies for using a somewhat academic voice in this blog post!
“Customer lifetime value” (CLV) is a very important relationship marketing concept. It is the present value of the net cash flows (from all purchases) that an organization expects to receive from a customer over his/her “lifetime.” While the definition is straightforward, the mathematics used in computing it can sometimes get messy and involved (don’t worry, we have PhDs from MIT). Marketers use it to think about customer acquisition and retention (i.e., long lasting relationships), rather than focusing solely on the initial transaction. Indeed, when used effectively, CLV can lead to improved marketing decision making and increased profitability.
We believe that CLV is a mathematical kindred spirit with social media, in that they both can be important mechanisms in relationship marketing. Further, we believe that CLV can work hand-in-hand with social media to satisfy senior management’s thirst for quantitative accountability from social media. With all due respect to Cuba Gooding, Jr., “show me the ROI” has always been the mantra for proof of performance. CLV can absolutely play an important role in not only identifying the value of social media but also in effectively leveraging the value of social media (i.e., helping organizations use it more effectively).
In order to do this, we extend the notion of CLV to incorporate/consider social media and propose the concept of “connected customer lifetime value” (CCLV). CCLV includes not only the present value of the net cash flows from a customer’s purchases over time, but also the present value of the net cash flows from others’ purchases who were influenced (to purchase) by that customer through social media. Just to be clear, we are saying that there are two important components: CCLV = purchases by a customer + purchases by others who were influenced (to purchase) by that customer through social media.
Using CCLV can change dramatically whom marketers value as customers! When using CLV, marketers would target customers based on their expected purchases. Customers who are expected to purchase relatively little over time have relatively little value. However, when using CCLV, these very same customers could have relatively high value to a marketer if—this is the cool part—their influence on others’ purchasing decisions was great (and positive), resulting in substantial volume of purchases (by others). It is conceivable that a customer who makes relatively few purchases could be the most valuable customer to an organization, courtesy of social media and the influence it enables!
We are not saying that this is necessarily typical; although, we know that consumers typically search online for consumer opinions/conversations before making a purchase. The important messages here are that a customer’s economic worth can be based on his/her purchases and on influence through social media, that CCLV can quantitatively show the value of social media, and that CCLV can be used by marketers to leverage social media in making decisions.
Posted in Bruce Weinberg, Customer Lifetime Value, Customers, Marketing, Profitability, Relationship Commerce, Relationship Marketing, ROI | Comments Off on Connecting Customer Lifetime Value with Social Media
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 | Comments Off on Fueling the Social Media Engine: How Building Relationships Online Drives the Growth of Brands
By Barry Libert, Author of Social Nation: How to Harness the Power of Social Media to Attract Customers, Motivate Employees, and Grow Your Business
For as long as anyone can remember, the expression “those who have the gold, rule” has worked. But times are changing. Today, the power is shifting to the masses, and they are using the power of the sheer size and capabilities of the Internet to make sure their voices are heard. And this is making the old guard—existing management teams, boards, and investors—terrified for lots of reasons.
Most companies and their leaders have perfected business processes and competencies focused on making, marketing, and selling “things”—not listening, facilitating, and sharing information and experiences. The skills and technologies (command and control and assembly lines) required for the former are different from those required for the latter (empathy and compassion and social media). However, I think it is time for the old guard to get on board and recognize they have a unique opportunity to participate in the revolution—or risk losing their heads the way Marie Antoinette did.
Understand the Power of Social Media
The unprecedented growth of Facebook (550 million users), Twitter (200 million), bloggers (150 million), and text messaging resulted because there were tremendous unfulfilled demands by customers and employees that were not being met by traditional organizations or tools. These demands were basic: to communicate and connect. Further, the demands were profoundly valuable and important to almost all constituents—to be heard, connected, recognized for their contributions, and ultimately, self-actualized.
Facebook and other social media entities surfaced to satisfy those needs and reap the benefits, along with the organizations that invested in them.
Embrace the Voice of Your Customers and Employees
Most traditional organizations don’t have a team—let alone a senior ranking professional—charged with building their social media initiatives and developing their communities. If we look back just 10 years ago when e-commerce was first taking off, traditional leaders of brick and mortar companies thought that e-commerce was just a passing fad and would only be used for selling technologies. Obviously, they were wrong, and the same is true for social media and community engagement.
We are just at the beginning of a structural shift to the socialization of organizations. It’s important to build your social media team now, so you can join the conversation and hear what your constituents have to say. Don’t let the voices of your customers and employees go unheard.
The Crowd Can Help You Grow and Prosper
Regardless of what you think of your employees, customers, prospects, or alumni, there are more of them than you. Most importantly, you never know where the next great idea will come from, which could include your existing people or people from outside the four walls of your organization (and by extension, your partners). Research has repeatedly shown that crowds have wisdom, expertise, and passion that can help you grow and innovate.
It doesn’t matter how big your company is or how long it has been around. The growing size and popularity of social media signals a seismic shift from institutions and their leaders to individuals and their peers (e.g., communities). It’s time for a new organizational model: “business by the people, for the people” (not by the leaders, for the leaders). Leaders have to learn to become true followers of their constituents (customers, employees, partners, etc.) and join the social media revolution. It’s time to ask yourself if it’s better to be terrified of the masses or to join them and ensure your future success. It’s your choice.
Posted in Barry Libert, Blogs, Crowdsourcing, Customers, E-Commerce, Engagement, Facebook, Innovation, Listening, Marketing, Text Messages, Tools, Twitter | Comments Off on People Have the Power: How Social Media is Changing Business and Why the Old Guard is Terrified
