Archive for the ‘Trust’ Category

8 Mandates for Social Media Marketing Success—#4: Establish Trust

By Kent Huffman, Author of 8 Mandates for Social Media Marketing Success

The success of virtually every brand relies largely on the bond of trust generated between customer and company. That same bond can obviously be created between individuals as well. But as is the case with Mandate #3 (develop relationships), trust also has to be earned.

To begin with, authenticity is essential in your social media messaging. Whether you’re speaking for your organization or yourself, always be you—just plain old honest you. Pretending to be someone you’re not is a shortcut to a credibility gap, and that spells trouble in the trust-building business.

Being the real you—and growing the trust factor—needs to come with a good dose of personality as well. However, don’t exhibit the steamroller mentality: a pushy, get out of the way, I’m on a mission-type attitude. On social media, it’s too easy to distance yourself from people like that just by unfollowing or unfriending them. So instead, strive to be known as a thoughtful, considerate, supportive member of the social media community.

Exhibiting an inquisitive nature and a funny bone can help keep you in good standing, too. A great sense of humor is always an effective ice breaker and door opener. In addition, strive to be as transparent as is reasonable. The more open and honest you’re willing to be—and the more information you’re willing to share—the more credible you’ll appear. And always do what you say you’re going to do. Nothing will impact trust in a positive way more than living up to your commitments.

As a marketer, you must realize that responsiveness also plays a major role in building trust. Especially when you’re dealing with a complaint or other negative issue, be prepared to address it head-on, and do so quickly.

(This is an excerpt from Kent’s new book, 8 Mandates for Social Media Marketing Success.)

Next: 8 Mandates for Social Media Marketing Success—#5: Demonstrate Leadership

8 Mandates for Social Media Marketing Success—#3: Develop Relationships

By Kent Huffman, Author of 8 Mandates for Social Media Marketing Success

A true relationship has to be earned. It’s about respect and trust. And a balanced relationship is reciprocal. You do something for somebody else, and they do something for you. You exchange ideas. You use each other as a sounding board. For a relationship to last, it has to be a two-way street.

Followers on Twitter and friends on Facebook are not equivalent to relationships. Just as in the real world, a true relationship on social media has to go deeper than just a surface connection. Having 5,000 followers or 10,000 friends is meaningless if you don’t truly connect. If you’re not convinced of that, ask one of your Twitter followers for an opinion on that white paper you’re writing. If nothing happens, you’ve got your answer.

One of the keys to nurturing real relationships on social media can be found in the manner of your engagement. People want to be valued, and once they feel you value them, they will most likely feel a connection with you—and some degree of loyalty—and will also continue to expect an ongoing dialogue to reinforce those feelings. And you’d better deliver if you expect the relationship to grow and strengthen over time.

Successful relationships are also about helping to support others. It’s not all about you, your company, or your agenda. Social media is a community, and as a member of that community, you should not only contribute to it in various ways, but you should also recognize the contributions of others. For example, promoting other people’s accomplishments by “liking” their videos, retweeting their tweets, or sharing their latest blog posts will go a long way toward building connections and real relationships.

And don’t let those relationships stop at the keyboard. Get to know your social media connections in the real world whenever possible.

(This is an excerpt from Kent’s new book, 8 Mandates for Social Media Marketing Success.)

Next: 8 Mandates for Social Media Marketing Success—#4: Establish Trust

The Digital Native: 5 Things You Need to Know

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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

Wow, What a Story!

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.

The Sexiest Ain’t Always the Best

By Wayne Breitbarth, CEO of Power Formula and author of The Power Formula for LinkedIn Success: Kick-Start Your Business, Brand, and Job Search

Facebook is the bikini of the social media wardrobe. Some people choose to bare all, sharing intimate personal details, shocking photographs, and other information that is sure to make your mother blush.

Then there’s Twitter—short bursts of engaging verbiage that informs or moves others to action. Consider it the wardrobe accessories or the flashy, eye-catching addition to every outfit.

Now where does that leave LinkedIn? In the social media wardrobe, I would consider it the practical navy blue suit—a necessity in any professional’s wardrobe.

LinkedIn currently has more than 100 million members, with a new person being added every minute. As reported on the LinkedIn website, the average user’s household income is $91,566, 63.2% of users hold a college or postgraduate degree, and 20.6% are middle management or above. I don’t know about you, but those sound like the kind of people I’d like to add to my network.

Facebook and Twitter may be more fun—and I’m not questioning the value they can provide—but in my opinion, LinkedIn is where the real work gets done, especially if you are in the B2B space. Perhaps it is the less-than-sexy nature of LinkedIn that causes many people to include only the basics in their LinkedIn profile. If your profile is in need of a makeover, here are a few suggestions to glam it up:

  • Summary: I find this to be the most consistently underutilized section of the profile. I like to think of it as your cover letter. Some people may not read beyond this point, so take full advantage of the 2,000 available characters. There is a tendency to treat the Summary as a resume and focus on the past. I suggest you treat it as a presentation of your business plan. Briefly summarize specific, quantifiable accomplishments and direct the reader to a few of the most important parts of your profile. But then focus on what you are doing now, how you can help the reader of your profile, and what you plan to be doing in the future. Regurgitating your resume is unnecessary because those facts will be outlined in other sections of your profile. Ask yourself: If I have only a few minutes to share my professional story with a potential customer, client, or business partner, what would I want to say? Then use the Summary to tell your story in a friendly, conversational way.
  • Box.net files: The key to networking, whether face to face or online, is freely sharing your knowledge and expertise with others. This builds trust. Once they know and trust you, they will want to do business with you. Box.net enables you to post PDF, Excel, and Word files to your profile. These files can be downloaded by visitors. This is a great place to post white papers, articles, company brochures, photos of your projects or products, customer testimonials, and other documents that increase your credibility and helpfulness.
  • Google presentation/SlideShare: Let’s face it—most people would rather watch TV than read a book. These two applications allow you to post slide shows that showcase your personal expertise, presentations about your company, and/or photos of projects you have done. Video is becoming an increasingly important part of many companies’ branding efforts, and if video is part of your slide show, you can post those files here.
  • Other applications: LinkedIn has an extensive list of applications to enhance your profile. Some are industry specific (e.g., real estate pro, legal updates, etc.), and others can be valuable to most LinkedIn users. Connect your blog to your LinkedIn profile, use Events to find interesting professional events, or share your favorite books with your network through Reading List by Amazon. Whatever your LinkedIn strategy, there is a plethora of applications to help you achieve your goals.

These additions are fun, easy, and will certainly make your profile more appealing to viewers, but don’t overlook the blue-suit basics. Include a descriptive headline and professional-quality photograph, and thoroughly outline your educational background and employment history. And don’t neglect to seek out those all-important recommendations. They provide essential outside verification of the information you have provided in your profile.

While wearing the bikini and the glamorous accessories can be fun—the lasting impact and real productivity are products of the professional garb!

Freedom from Friends?

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.”

How Social Networks Help Us Choose

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?

Five Useful Tips on Developing Social Media Conversations with Your Customers

By Kenneth Cossin, Professor at Full Sail University

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

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

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

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

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

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

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

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

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

“Mocial” Marketing: 10 Things You Need to Know

By Steve Jarrett, Chief Executive Officer of MePlease

To help retailers seize the opportunity afforded by mobile marketing and social networking—or “mocial” marketing—we have come up with the top 10 tips that we believe need to be worked through to position your brand effectively for your new generation of customers.

1. Mobile marketing goes way beyond text. The first tip is that mobile and social media are meshing, and so should you. There is tremendous power in the integration of social networking and mobile, and we think this marketing sweet spot is the place to be.

2. Why mobile matters—stats don’t lie. A recent study showed that UK consumers send 11 million text messages per hour (MDA Report, 2009). Text usage remains dominant. Facebook’s 500 million customers follow at least one brand or company, while at the same time, nearly 50% of Twitter’s 190 million unique users do exactly the same (ExactTarget Research). A Harris Interactive poll recently showed that of consumers who received some form of permission-based text marketing from a company, 34% said the messages have made them more likely to visit the venue and 27% more likely to make a purchase.

3. In search of the holy grail. Moving from one-to-many to one-to-one communication is the holy grail of marketing.

4. Reach everyone (not just smartphone users). iPhone apps are this season’s must have. Or are they? Focusing on just mobile applications for certain devices like iPhone or Android smartphones automatically pushes you into a corner and limits a retailer’s ability to reach its target market.

5. Voucher promiscuity—how to discourage it. There’s a number of high-profile companies—such as Groupon and Vouchercloud—that are driving high-volume customer acquisition. Don’t get it wrong—new customer acquisition is good, but only if a significant number of those customers visit your business again.

6. Mocial is the new buzzword. Many people think of mobile marketing as a 160-character version of e-mail. Wrong! The very nature of mobile marketing offers retailers the opportunity to reach people at key decision-making moments of the day.

7. Make mobile social marketing cost effective. We think the trend is moving away from one-off mobile marketing campaigns (which can be costly) toward mobile marketing platforms that let any business engage with opted-in customers. Look for companies that offer you long-term value and social media integration.

8. Trust. Seek mobile and social networking partners that have strict privacy policies and will not pass on customer information or send out spam messages just to drive their own short-term revenue.

9. Set goals early. Before even approaching a mobile marketing service provider or platform, be sure to outline the key goals for your mocial strategy. Whether it is to gain more loyal customers, influence their friends, or just get more people into your shop, make your objectives clear to the provider. If they cannot tell you explicitly how they intend to help you to accomplish these goals, keep looking.

10. Don’t wait. Start now. Carpe diem! Those Romans knew a thing or two about communication…