Showing posts with label strategy. Show all posts
Showing posts with label strategy. Show all posts

Apr 23, 2010

Will Social Strategizing Bring ROI?

APRIL 22, 2010

One-half of companies have a social strategy




A majority of US marketing professionals claim social media is now “invaluable” to their business, according to April 2010 research from online marketing firmR2integrated.
While relatively few marketers reported social was pointless and overhyped or too complicated to deal with, most are still not increasing revenues or otherwise profiting from their social efforts.
Although one-half of respondents said they had a social strategy in place—considered critical for success in the social space—only 35% thought they were making money.

US Marketing Professionals Who Believe Their Company Has Increased Revenues or Profited from Using Social Media, April 2010 (% of respondents)

Strategy does help, though. Respondents who said they profited were twice as likely to have a formal strategy. They were also more likely to have staff dedicated to managing social media.
Marketers’ main goal in implementing a strategy was better lead generation, followed by brand monitoring.
The biggest obstacle for social strategies was not having enough data to come up with a measure of return on investment. Management buy-in was also a problem, and more than one-fifth of respondents said their audience was not active on social media.

Main Obstacle to Implementing a Social Media Strategy According to US Marketing Professionals, April 2010 (% of respondents)

“Marketers clearly recognize the need for, and see the potential of, social media, but are still trying to develop models that increase real engagement which then leads to profitability—if that’s a goal for implementing a social strategy,” said Matt Goddard, CEO of R2integrated, in a statement.
“Despite the presence and popularity of social media, many companies remain relatively unfamiliar with its practices, pundits, and principles,” he said.
Marketing management firm Unica reported in March 2010 that strategic integration of social with other marketing efforts varied by channel. MarketingSherpa found that in late 2009 only one-quarter of social media marketers had reached the strategic phase.
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Check out today’s other article, “Finding Consumers Who Are Ready to Buy.”   

Apr 7, 2010

Service / Product Experience and Content Strategy

Contract As part of this series on content, we've been looking at how every expression and communication a company organizes is an opportunity to build context through content -- and relationships as an outcome.
Does your organization have a service or product experience content strategy?
When you think about content strategically, the result is a better relationship with your customers.
Setting expectations means taking the time to define the customer experience and communicating at each step in the buyer's decision journey.
Some examples of thoughtful content at this stage are service contracts, product manuals, directions and maps to and of your centers. Items that explain, orient, guide, and define the experience of a product or service are part of this content phase.
Are your service contract and product manual as easy to navigate as your phone tree system? In that case, you have a starting point for improvement. Complexity reaches a point of no return -- literally, customers go off and buy from companies with simpler terms.
Have you forgot the meaning of hosting?If we live in a world that is always in beta, contractual relationships tend to follow suit. Today, customers want shorter term deals so they can continue to evaluate your service as they experience it -- and they will tell all their peers about their experience, too. Your contract is also content marketing.
Andy Sernovitz provides a really good example of when terms and conditions are not seen as an opportunity. As a linguist, I'm all over the term hosting as in being a good host. You would think that an upgrade is a chance to renew a customer relationship.
When in doubt, out-teach
This is something I learned from Kathy Sierra, a lesson that stays with me. Out-teaching helps you with retention, it helps you with customer happiness, it helps your own employees deconstruct what they contribute to, creatively. What are blogs and collaboration tools but also ways to teach what we know?
Way after you signed up to the RSS or email feed for this blog, I'm here researching and proposing what I'm learning with you. And am loving every minute of it.
Your checklist at this stage includes:
  • staying engaged with the customer at every touch point
  • listening actively to and participating in customer feedback
  • continually providing valuable content throughout the experience maturity
This is the phase where marketing tends to walk away, because somehow embracing customers is customer service's job. Product manuals, service agreements, contracts -- these are all marketing, whether you see it that way or not.
Each of your pieces of content should be solving an information problem. Some of them will be solving one your customer didn't know it had. With digital media, you have the opportunity to make the how you solve that problem iterative and interactive.

© 2010 Valeria Maltoni. All rights reserved.

Feb 6, 2010

HOW TO: Implement a Social Media Business Strategy


Sharlyn Lauby is the president of Internal Talent Management (ITM) which specializes in employee training and human resources consulting. She authors a blog at hrbartender.com.
Over the past few months, we’ve talked about whether you should have a social media policy andwhat should be included in that policy. It only seems logical to discuss the next step in the process, which is what to consider when implementing a social media strategy in your workplace.
Just having a policy isn’t good enough — you need a plan to put it in place. Here are five areas to discuss when implementing a social media strategy.

1. Determine Your Objective

apple target imageLuis Ramos, CEO of The Network, reminds us that creating a social media strategy is a complex exercise because “it includes not only looking inside the organization to establish appropriate practices, usage policies and content parameters, but it also includes looking outside the organization to determine the proper degree of engagement.”
Figure out why you’re getting on the social media bandwagon and what you want to accomplish with it. This step is absolutely necessary if you plan to measure ROI or develop your own internal metrics tracking.
When General Motors put together their social media strategy, they had some specific objectives they wanted to accomplish. Christopher Barger, director of global social media at General Motors, outlined the following:
A. Become more responsive to people/consumer audiences
B. Incorporate audience/consumer feedback into your organization more quickly and effectively than has happened traditionally
C. Make your brand a little more “human” to the outside world, and show people the smarts, personality and passion of the people behind your logo
D. Increase awareness of the strength of your current product lineup, and provide perspective/accurate information about your company
The other benefit of defining objectives is that they can guide the timetable for implementation. I can’t tell you how many times I’ve seen an organization’s list of objectives and knew there was no way they could implement everything at once or in the timeframe they intended. Having well-defined objectives can assist in prioritization and creating the best way to phase-in a social media strategy.
Developing objectives and a timetable could also prompt a conversation about content management. Ramos suggests including in the strategy the position responsible for updating content as well as the update frequency. “Many organizations have grand plans of updating content on a regular basis only to quickly run out of topics, leaving content to become stale. As a best practice, a specific employee is typically assigned to create and manage the company’s social media pages, so he/she can respond to messages and questions within 24 hours.”

2. Find an Internal Evangelist

This is a constant source of discussion right now on the Internet, but the bottom line is, some department needs to “own” social media. Lots of departments might be consulted when it comes to decision making, but ultimately someone has to be held accountable for the outcomes.
Which department ultimately gets the responsibility could be dependent upon the size of your organization and corporate culture. For example, Barger says social media at General Motors is “owned within the communications team, reporting up through the Vice President of Communications, who reports directly to the Chairman/CEO.  Social media leadership has a seat at the communications leadership table and acts as an integral part of the larger corporate communications function.”
Smaller organizations might not have that amount of structure, so responsibility might simply fall to sales or marketing.
Another option to consider is using external resources (i.e. consultants) for certain aspects of the strategy and internal resources for the rest. Barger explains, “We use internal resources whenever possible; given that two of GM’s main goals are to become more responsive to the public and to incorporate insight back into the organization, these are things we can only effectively do if it is our team who are engaged.  We use agency partners for monitoring/measurement, for identifying new opportunities and new influencers for us to reach out to, for video production, and for counsel on tactics/strategy.”

3. Consider Your Employees

employees image
This is a biggie. Organizations need to understand their employees’ level of knowledge and interest. Offer training.
And one noteworthy item for non-profits is to think about your volunteer base. Diane Gomez, public relations manager for the Public Relations Society of America (PRSA), mentions that not only is PRSA staff involved, but volunteers are as well. “This includes monitoring and interacting with members (and nonmembers) who reach out to us via these channels, and is in addition to pushing out information of interest to our members.”
In addition to posting GM’s social media policy, Barger explains several things the company did to convey the company’s approach. “We posted a 45-minute ‘Social Media 101’ interactive training course on the intranet that gives employees the basics on how/why/where to engage in social media. Additionally, we developed a ‘201’ level ‘train-the-trainer’ course that introduces more complete tools and tips. Those who’ve taken this course are authorized to train others within their departments on the basics of social media. Finally, we have an internal blog, ‘Making Conversation,’ that focuses on sharing lessons we’re learning through social media outreach.”
Though she’s the president of a smaller firm, Crystal Kendrick used a similar approach with The Voice of Your Customer. “Our employees are very social media savvy and understand how to technically use the sites. We discussed the spirit of the policy and reviewed examples of ineffective social media policies. Training for our employees focused on the strategic and professional applications of the social media sites. We use ‘key word rich’ content, approved messages and in some cases, scheduled time for posting.”
Gomez added they are encouraging staff to participate in social media on behalf of the organization. “We are looking to establish an overall strategy that departments will follow when deciding when and how to use social media.” I’ve found many companies developing job aids, such as flow charts or decision trees, to help employees determine when and how to respond to blogs and inquiries on other social networking sites.

4. Check Your Tech

office computers
While most social media doesn’t need a huge technology investment, you should still take a look at the technology capabilities of your company and make sure the system can support the strategy.
As Ramos reminds us, this includes making sure social media applications aren’t hidden behind firewalls. “Before any social media components are engaged, there needs to be an understanding across the organization of the following:
- Who will have access to the sites?
- Are there any firewalls that would prevent access?
- What are the rules about time spent and content posted on the sites?
He adds, “Due to some of the technology access restrictions, some organizations have opted to build their own internal technology to offer social media type forums without the complexities of changing firewalls or altering access rules. This also allows further features like locking down postings to help control inappropriate content.”
Kendrick took a different approach to the issue of employee time on social media applications by creating “social media breaks that are very similar to smoke breaks.”

5. Listen First

A lot can be learned by watching others. Don’t be afraid to ask questions on and offline so you can learn more.
Barger encourages companies to remember “that few ideas should be rejected out of hand; not everything is going to work, but in 95% of the cases, even if something doesn’t work there is value to be gained and lessons to be learned from the ‘failure.’ The only exceptions to this rule are efforts that would contradict the basic etiquette and/or rules of social media – transparency, openness, authenticity, and avoiding ‘pure traditional marketing’ plays, etc.”
According to Kendrick, “The first few weeks were a bit hectic.” Like GM, they began to share best practices among employees, identify expert users to follow and recommend connections. She notes, “We matched our target customers to the demographics of our connections and identified gaps in our networks. From there, we began to focus on making connections with persons in target companies, industries and geographic regions and joined groups and lists of industry groups to ensure that we maximized our exposure and business opportunities.”

Conclusion

During 2010, more companies are expected to explore and engage in social media activities. While some might categorize using a social networking application as easy, that doesn’t mean developing a strategy is simple. Proper planning and execution is the key to integrating social media into your organization.
What are some other key factors in developing a social media strategy? Be sure to post your ideas in the comments below.

Jan 27, 2010

7 Step B2B Social Media Content Sharing Strategy


from Social Media B2B 

When it comes to the social web people often spend too much time talking about the applications and not nearly enough about the content that fuels them. Sharing content and information is the currency of the social web, and without content the platforms are useless. So when we think about B2B social media success we obviously need to focus on content. Though we have written many posts on how to create B2B content for the web, today I want to address how to share content.
Before we get to strategy, I have one rule.
The Rule: Don’t only share your content, people don’t care about ONLY your content.
Now with that rule out of the way, let’s talk about developing a strategy and tactics for sharing content on social web. This framework should work for sharing content your business creates as well as other relevant information to those in your industry.

7 Step B2B Social Media Content Sharing Strategy

1. Understand What Is Interesting To The People You Are Trying To Influence – If you are in a B2B marketing department you likely know what you want to tell them about your products. Do you have a clear understanding of what they are interested in in general related to their industry? Do you know what information they need to do their jobs better? In some cases you or a member of your organization will know these answers. If you aren’t sure about the type of content you customers are looking for, then consider trying a few of these approaches:
Look at popular articles from industry trade publications
Use Twitter Search for industry keywords to see which links are being shared
* Ask customers what information they look for online
2. Develop A Process To Gather Relevant Information To Share – It is unlikely that your B2B company has a full time social media team member and if you do, they are likely booked solid. This means that spending your entire day looking for information to share isn’t an option. To solve this problem, invest a little time to set up a system that allows you to filter and receive content to share in one place. One of the easiest ways to do this was to set up an RSS reader, such as Google Reader. RSS feeds allow you to get new posts from across the Internet in one place in real-time. You can import RSS feeds from leading industry media outlets as well and feeds from Twitter Search and Google Blog Search results into your selected reader. By doing this you have created one tab in your browse that is jam packed with relevant information to you customers that is ready to share. If RSS readers aren’t your thing, you could always use a real-time search engine like Collecta to help gather information.
3. Preform A Content Distribution Inventory – Take a look at how your business is distributing information online right now. What is missing to properly reach your customers is an e-mail newsletter? Twitter account? Blog? etc. Do you need everything, no. However, content on the social web can get more powerful as more pieces are put into place. Inbound marketing has a lot to do with probability. If you distribute information in 6 ways instead of 3 it is more likely that people will find it.
4. Segment B2B Content By Platform – Once you have a method of gathering content to share and ways to distribute it online, you have to put the two together. For example if you are searching Twitter, it is likely many of those may be retweeted through one or multiple business accounts. While you may pull all of the stats from your feeds and use them for a blog post or SlideShare presentation. The point is that different types of online content serve different purposes. By segmenting content it makes it quicker and easier to share.
5. Set Up Cross-Posting – Repetition is the enemy when it comes to sharing B2B content online. People who share a high frequency of good content online use services to distribute. For example using a service likeTubemogul it is easy to upload a video once and post it to multiple video sharing sites. Another popular servicePosterous can allow you to post a picture to Twitter, Flickr and Facebook all at the same time. Doing research to see what type of platforms can help with your content distribution could not only save time, but insure that opportunities for distribution aren’t missed.
6. Implement Measurement For Each Distribution Method – Measurement is still the painful part of content distribution. Most platforms have their own measurement systems to track views, engagement, etc. This means it is difficult to have one dashboard to look at your measurement for each social platform. Even though spreadsheets can be painful, most services will let you export your measurement information as a .csv file. Doing this would allow you to have one spreadsheet document with measurement data to help compare platforms and demonstrate overall success.
7. Optimize Distribution Timing – Like it or not different segments of people online have different habits. Some people like to check e-mail in the morning and tweet in the late afternoon. So to add a layer of complexity to the process of sharing content, it is important to look at measurement data from step 6 to understand when you need to be sharing. Does this mean you need to actually share it at these times? No. Many tools exist that will let you schedule how you share content online. For example for most blogging platforms have a scheduling feature and services like CoTweet and Hootesuite will allow you do schedule messages on Twitter.
Sharing content buildings credibility and improves all inbound marketing efforts. I hope these steps will help outline a strategy to allow content sharing to be a success for your business. Other content sharing tips that you think should be added?
Related posts:
  1. 7 Steps For Developing A B2B Social Media Marketing Strategy With today’s post we aim to answer the most common...
  2. Optimizing B2B Facebook Content For The New Facebook News Feed B2B companies are now using Facebook as part of...
  3. 20 Ideas For B2B Blog Content To Drive Traffic and Boost SEO We have written about blogs a fair amount on Social...

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Jan 14, 2010

Webinar: Socialgraphics Provides a Customer-Centric Approach to Social Strategy.



Categories: AltimeterSocialgraphics

Posted on January 11th, 2010

Left: In the past, marketers have relied on tried and true demographics to understand customers. Now, as consumers adopt social technologies, marketers must measure socialgraphics, which indicates how they interact with each other.
Charlene Li and I, Jeremiah Owyang, of The Altimeter Group are hosting a free webinar to understand how companies can understand their customers through socialgraphics.
Beware of plans or proposals that start with “Twitter Strategy” or “Facebook Strategy” Instead, they should have a “Customer Strategy” that focuses in on how customers behave –not on the ever-changing toolset. As a result, companies should first understand how their customers use social technologies before they choose the tools. Socialgraphics is how to measure how customers use social technologies, where they are online, and how it influence them in the context of the customer lifecylce.
This upcoming free webinar, suited for corporations who want to develop plans in social with confidence, will answer how to apply socialgraphics. Like demographics or psychographics, companies must now understand socialgraphics, which answers five key questions:
Socialgraphics answers five key questions:
  1. Where are your customers online? First, find out where your customers are online, knowing which websites they are particiating at, this will reduce guessing.How to make this data actionable: Don’t aimlessly approach social networks without knowing if they are there, if they are in Hyves, Mixii, or Facebook, go there. Fish where the fish are.
  2. What are your customers’ social behaviors online? How do they use social technologies? Do they share? Comment? Create their own content?How to make this data actionable: Which social features should you deploy. Example: if they frequently like to comment on websites, allow them to leave their comments.
  3. What social information or people do your customers rely on? How to make this data actionable: If they rely on their friends, facilitate a marketing program that encourages customers to share with friends, this data helps with determining resource allocation on advocacy programs.
  4. What is your customers’ social influence? Who trusts them?How to make this data actionable: If your customers are trusted by others, highlight your customers in front of their community. For example, teens may share information with each other, spreading their influence to others.  Example: Walmart’s 11 Moms blogger program is a platform for customer voices.
  5. How do customers use social in context of your products? How do customers use social technologies to learn, make decisions, and support your products and services? How to make this data actionable: Be confident in your resource allocation by understanding when customers rely on social tools or their peers in pre-sales, awareness, decision making, implementation, or support of a product.
When properly deployed, Socialgraphics, helps companies, their agency partners, and business units be more effective in their planning and deployment –reducing risk from deploying without having knowledge.
In the spirit of open research, we will make this webinar, the slides, and the overall methodology available for the public to use, under creative commons license. We hope you’ll join us.  Stay tuned as we have other webinars coming soon.

Socialgraphics: The Engagement Pyramid Offers An Understanding of Customer Behaviors
Above: The Engagement Pyramid makes it easy to understand the specific behaviors of socialgraphics, making it simple to decide which technologies to deploy. Having customer understanding makes go-to-market strategy more effective.

Dec 21, 2009

Using Social Media Strategically

DECEMBER 21, 2009


Transitioning beyond trial




As marketers become more comfortable and more experienced using social media, they move from the trial phase of their marketing efforts toward strategic use of the channel. While the largest group of marketers is still somewhere in between, according to the “2010 Social Media Marketing Benchmark Report” fromMarketingSherpa, about one-quarter of social media marketers have made it to the strategic phase of their efforts.
Gaining maturity means improving the ability to tie objectives to specific metrics. Marketers in the strategic phase are significantly more likely than those in earlier phases of the process to measure their success across all objectives. An increase in Website traffic was the No. 1 objective targeted and measured by all marketers.

Social Media Marketing Objectives that Are Targeted and Measured by US Marketers, by Social Media Marketing Lifecycle Maturity, November 2009 (% of respondents)

“Defining specific objectives for a social marketing initiative is only half the battle. The other half is aligning those objectives with corresponding metrics,” according to the report. “This alignment is important because it enables an organization to measure its progress in achieving the objectives and proving ROI.”
MarketingSherpa found that retail and e-commerce marketers were more likely than any other industry to be increasing their social media marketing budgets next year, followed by publishing and media. Education and healthcare lagged, with less than one-half of marketers in the industry planning to up social media spending in 2010.

Change in Social Media Marketing Budget in 2010 According to US Marketers, by Industry (% of respondents)

Most social marketing dollars (60%) next year will go toward staff salaries for activities such as blogging, content development and monitoring of social channels. Another two-fifths will be spent on outside help from agencies, consultancies and service providers.
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Dec 5, 2009

Video + Online Marketing Strategy

Social media strategy | Spur Interactive