Archive for the ‘Marketing’ Category

Why Companies Are Catching On To Social Media

Monday, March 8th, 2010

Twitter’s attraction in the past year or so has been quite intriguing. For most companies, there’s probably still some confusion as to what it’s good for to generate leads, sales, profits, etc., but this number is slowly dwindling as the months go by. And in a sure sign of Twitter’s growing popularity, a study conducted by the Society of New Communications Research (SNCR) found out that in 2009, companies listed in the Fortune 500 were eagerly signing up and jumping on the Twitter bandwagon. It seems that these large brands like General Motors, Exxon Mobil, US Steel, General Electric, Proctor & Gamble and Boeing are finally understanding the potential Twitter can play across all spectrums of the communication channel.

Here are some other interesting statistics:

  • AdWeek reports that 35% of the Fortune 500 companies on Twitter had active accounts – meaning that they had posted something within the past 30 days.
  • With the top 100 companies, 47 of them actually had a Twitter account
  • 22% of all the Fortune 500 brands only had “public-facing corporate blogs”
  • 4 of the 5 top corporations consistently post to their Twitter account – Wal-Mart, Chevron, ConocoPhillips, and GE
  • Insurance was the industry with the largest Twitter presence – 13 Fortune companies participating
  • 19%  of Fortune 500 corporations were using podcasting and 31% using video blogging

So what does this mean? From the standpoint of companies and brands, it shows that now the large companies are starting to pay attention to social media. In its infancy, social media was probably viewed by large corporations as something that couldn’t scale. However, more companies are now embracing it and what may have started out as a small experiment within brands like Wal-Mart, Chevron, ConocoPhillips and GE has exploded into being a major part of their marketing channel.

But why is Twitter becoming the medium of choice to communicate with customers instead of blogging? Sure, blogging will get you to post your own thoughts and get your message across, but when you compare the potential audience on Twitter versus the one currently visiting your blog, there’s a big difference. For one, you can send out a tweet to anyone  - just a random thought on Twitter and it’s not limited to being seen by the people following you. Secondly, you’re going to be able to see how viral your message can really get through retweets and commentary. Without wanting to sound cliche, you’re going to be able to join in the “conversation” in near ‘real-time” as well. Imagine being in a large reception area where people are talking about different things. You being there is representative of you being on Twitter. In walking around, you might hear something said about your company, brand and/or product OR something else not-related, but interesting. By you interjecting to be a part of that discussion, you’re engaging customers. You can’t necessarily do exactly that in a blog, or at least not in real-time. This is probably what companies are discovering and find that Twitter lets them relate to their customers on their level, NOT from the customer. This is pretty much the same thing with all other forms of social media.

So what is the power behind this social media and what is its appeal? It seems pretty clear that companies are starting to think more “outside the box” and seeing a little less clutter in social media than there are with other mediums like traditional advertising, radio/broadcast, websites, etc. Also, the statistics shown above are saying that these Fortune 500 companies are thinking that if they want to get involved with customers, they’re going to have to find a new way of reaching them – essentially going to where the customers are spending their time.

Source: AdWeek and iMediaConnection

It’s Easy To Make A Video, But Takes A Lot To Make It Viral

Monday, March 1st, 2010

Last year, I was very fortunate enough to attend the Inbound Marketing Summit hosted by Chris Brogan and Justin Levy. It was there that I was first introduced to Tim Street, a video producer and social media marketer – perhaps better well known for French Maid TV. It was there that he brought up the topic of how to create a viral video. You know about a lot of them – you’ve probably seen them and also passed them along to your friends and family. They’re the ones that really catch on – like the one featuring Susan Boyle from Britain’s Got Talent – remember that one? Well since that conference, I’ve been hearing a lot of people asking what does it take to create a viral video. The answer is a lot of work…just because you can create a video does not mean that it’s automatically going to be a hit on the Internet and that millions of viewers will want to watch it.

According to Street, there are four components to making a video viral:

  • Make it easy to share.
  • Make it OK to share.
  • Controversial – takes risks.
  • Emotionally engaging.

The first part is pretty easy – make it easy to share. If you’re going to create a video, don’t just put it on your website. Make sure that it’s placed in a high-traffic area, like YouTube or Facebook where people can find it and refer others using other viral tools. If you put it only in one spot and don’t help people share it on social networks, then you just have a video, NOT a viral one. People love it when the options are there to make their lives easier. If you make it too difficult, chances are that they’ll simply watch it and give up on sending it to friends. Why? Because no video is that good to endure such difficulties. Keep it simple and accessible.

When talking about being “OK to share“, I believe that you shouldn’t make it too risque – but I’m sure it depends on the tastes of your audience. In other words, make sure that it’s safe for work and that your message gets through without diminishing the intent of the video or being too vulgar that it soon gets pulled off the website. But let’s not confuse this with the third component: be controversial – take risks. A plain video with no message about which side to take probably doesn’t go anywhere, but being controversial always sells and can be a good attention grabber – if anything, people who have seen your video will tell others about it just so they can either support or admonish it later. Make sure that you take a risk and play on your issue’s provocative nature.

Lastly, never forget that people become invested in something when they are emotionally engaged. Videos of Susan Boyle were a hit because people felt compelled to watch and the emotion they felt helped to spread the movie clip further. Find a way to get the viewers involved…whether that’s a comedic bit, happy ending, anger or sadness, emotions are a powerful tool in video virality.

So now you’ve created a viral video, what steps can you take in order to help people pay attention to it?

Through relationships, strategic placements and syndication can you achieve virality – at least according to a ClickZ article.

One of the first things to do is to make sure some influential people in that industry take a look at the video and see if they’ll pass it along. It is also recommended that you penetrate the video networks like YouTube, Vimeo, Blip, etc and see who is doing the most sharing. Just like you might do with a story idea to a journalist or how you pitch an influencer, doing video marketing is no different. It would behoove you to go ahead and start building a relationship with some of the people in the community and after a while, when you’ve earned their trust, you can go ahead and see if they would be interested in your video. Granted, simply being friends with them will not guarantee that your video will be shared – in fact, at that point, it depends on whether your video is good to begin with. You can also tap into some video seeding services like TubeMogul and VidMetrix for help or talk to social media enthusiasts either in your company or agency you work to see if they have any leads.

As for strategic placement, if you have money in your budget, you might want to consider doing some paid placement. You’re not paying for people to share your video, but you’re just non-chalantly placing your video where the most trafficked areas on the site are. For example, you could have your video on the front page of YouTube where that’s the starting point for millions of people everyday to find interesting things to watch. That alone could generate the returns you seek.

Lastly, make sure your video is syndicated. I’m sure this goes in line with the principle we discussed earlier of making it easy to share, but just to re-emphasize that you want people to easily pass along your video. Don’t be afraid to let influencers embed the video on their website or other networks. Like it’s written in the ClickZ article: “Let your viewers decide where and how they want to view your videos.“  Don’t disrupt the process or interfere in how they share.

While you might think that the above steps are easy to do, I must caution you against underestimating what it takes to build a viral video. Yes, it is easy to create a video, but when you want to begin trying to make it viral, you need to balance between making sure people find your work organically and without pressure  AND that it’s also not bordering on being too marketing/sales-like. The best viral videos are user-generated and anything commercial may be frowned upon.

A closing thought?

Advertisers will always have a difficult time playing in the viral space. People want pure entertainment. Even the most minimally branded videos are often rejected.

Where will you draw the line on your video?

Successful Social Media Campaigns Don’t Happen Overnight. You Need Planning & Organization.

Thursday, February 18th, 2010

Just because social media is practically free does not mean that companies can run with a program and hope that it makes them millions of dollars. In fact, it seems that the fact that it’s free means that you need to take it a bit slower and look closely as to the right application of the service and make sure that it doesn’t hurt the message that you’re trying to send out.

In an eMarketer report on February 11, 2010, it is reported that social media has essentially plateaued. By this, I mean that it has reached a point of maturation where marketers can no longer simply stand idly by and let social media programs run on their own. Moreover, it is becoming even more readily apparent that marketers are also understanding that it’s not a matter of whether social media should be part of their marketing mix, but how and where should it reside. Bottom line here? In order to run a great marketing campaign, thorough planning must be necessary.

Public relations thought-leader, principal of FutureWorks PR and author of Putting the Public Back in Public Relations, Brian Solis wrote in a Mashable article a pretty good summary of this issue:

Instead of researching the best ways to engage, many businesses create accounts across multiple social networks and publish content without a plan or purpose. However, businesses that conduct research will find a rewarding array of options and opportunities.

Just automatically setting up things you think you’d need versus sitting down and plotting the objectives, goals, plan of attack and measurement of success won’t lead you to the ROI you so desire. Instead, don’t rush with social media. Look at your audience, what’s being said about you and what tools are available that maximize your reach. Don’t think that all tools in social media must be used, because they don’t have to. As highlighted in the eMarketer.com article, if you have a strategy, you’ll be taken much more seriously than someone who sprays and prays with social media. It is believed that customers think most, if not all, companies should be savvy in using social media so having the knowledge and information lends more credibility and authenticity.

As a benefit of planning and organizing your social media efforts, you’ll be able to look even more closely at the purposes for your web 2.0 needs. In the above chart, you can see some of the top reasons for using social media by US Executives. Over 80% of the respondents indicated that they wanted to use social media to build their brand while over half indicated it was for networking opportunities. Regardless of your needs, you can see that through planning and organizing your thoughts, you can build a strategy that can be integrated with your other marketing channels and help accomplish your objectives, whether it’s research, business development, networking or simply generating awareness about your company.

The message here: don’t operate things in a silo. Social media is nothing special that necessitates it being separated from the rest of your communications channel. Plan for social media like you do your other marketing campaigns and you’ll reap all the rewards from it.

Just How Influential Are You? Secrets Revealed About Twitter Influence Tools

Tuesday, February 9th, 2010

For a lot of people, the one thing we know what Twitter is used for is conversation. For businesses to possibly get at least a hint of usefulness, we’d need to look at metrics. Now with social media, the metrics we look at and analyze are different from other online metrics – which is to be expected. In this area, we’re going to be looking for influence, because that’s one of, if not THE, main measurements of assessing the return on investment. Sure, with Twitter you could track all your links using Google Analytic tracking, but keep in mind that not all tweets will have a link. What’s more, you’re not interested in links. You’re going to want to be interested in evangelists and people who you believe are really passionate about your product. Once you’ve found them, you’re going to need to gauge their influence over others. So how exactly can you do this? Well currently it doesn’t seem possible with Twitter directly, but there are several tools that can help shed some light on this area for you.

In this blog post, I’m going to look at three well-known Twitter influence analyzing tools: Klout, Twitalyzer and Twitter Grader. Each one will be dissected to look at their offerings and whether it’s really interesting enough to look into further. I’ll also be exploring the applicability of each as well.

WHAT ARE THESE TOOLS?


Klout is a social media influence tool that not only focuses on you personally, but looks at brands and industries to help assess influence. In a way, Klout will show you your social graph and assess just how influential you are along with who is influencing you.

Twitalyzer is dubbed the “serious analytics for the social media expert” which may lead some to believe that it’s going to provide you with much more relevant analytics to make you have a superior web 2.0 strategy. Twitalyzer will offer you more visualizations, easy-to-read statistics, integration with Google Analytics and is free.

Twitter Grader is a tool straight from the guys at HubSpot. Perhaps one of the early influence metrics out there, Twitter Grader assesses your influence by location and gives you a percentage as a score. It too is also a free tool and will display word clouds in your past tweets along with other pretty interesting metrics.

SO WHAT’S THE BIG DEAL WITH THESE TOOLS?

After using each of these applications multiple times, I’d like to think that there are some differences amongst all three – some major and some minor – that would give pause to any company interested in using either one.

In the first place, if you’re talking simplicity of style and information, then I would go with Twitter Grader over any of the other two. Why? It’s because you’re just asked to provide a username and it spits out a score with no explanation or description of what it means. From my understanding and observation, it seems that quite a few people have received percentage scores of over 90%, but then what really separates me from, say, Chris Pirillo, Brian Solis, Jeremy Toeman, etc.? It seems more irrelevant, right?

The one redeeming feature with Twitter Grader is that it gives you a ranking as well – so my ranking is 12,037 out of 6.1 million people. Now, that’s only 6.1 million people who have entered their username into the search query, NOT all the Twitter users in the world. To have that number would be truly impressive. But going back to simplicity, Twitter Grader offers us the option of looking at a more geographic setting so we can see who the top “influencers” are by city, state or perhaps even country.

If you want more metrics and statistical analysis, then perhaps you might be interested in Twitalyzer. Out of the three tools described in this post, I’ve seen more metrics provided on Twitalyzer than any other. You’re going to be able to measure the impact of a person’s influence, their ranking in terms of engagement, influence, generosity, and clout. I think that this specific tool would be perfect for large companies who want to assess their influence and report back to their supervisors, then Twitalyzer would be a good metric to have. If you just want to know the basic information, then you might want to stay away from this because it’s too much for what you’d like to do. I do like how Twitalyzer has links to definitions so you’ll be able to easily understand what each metric means instead of wondering whether that 5.0 is a good or bad number.

But what if you want more topical or categorical influential data? Then that would belong to Klout. While all three of these tools clearly understand how to assess influence in the real-time stream, one thing that separates Klout from the other two is the fact that they understand how to segment all the influencers out in the stream into different buckets of information. So why is this important?

Imagine that you’re a business that is interested in seeking out influencers to review your product or perhaps help you promote it. If you’re a consumer electronics giant like Sony, Boxee or Panasonic, you’re going to want a way to filter out all the noise to get to the information. Through Klout’s algorithm, they’ve already done the work for you. You’re going to be able to sort through a list of influencers with respect to consumer electronics, technology,etc. A preview of one such list is to the left showing you the top influencers that talk about technology according to Klout, along with their Klout score – almost like it’s Digg for Twitter, only there’s no voting to increase the score.

ALL THE NUMBERS ARE DIFFERENT – HOW CAN WE TELL WHAT’S IMPORTANT?

One thing that you’ll encounter is that the numbers offered on each of these tools are completely different from one another. Their algorithms can vary across the board so you will never have the same results. In order to properly evaluate someone’s influence, you should look at not just the number, but in fact who they are, the types of content they are producing (tweets, blog posts, video podcasts, etc.) as that will be a good gauge of what you might need. Each of these numbers should be taken with a grain of salt – measuring influence isn’t a true science and is often subjective.

To show you the difference between the three, below is a chart with the information on several popular individuals on Twitter:

  • Jeremy Toeman is an avid user of Twitter and is the founder of Stage Two – understands and tweets about gadgets & consumer electronics.
  • Adam Burg is a semi-frequent user of Twitter.
  • Chris Pirillo is a well-known Twitter user and tech “geek”.
  • Rafe Needleman is a member of the media who reports on technology trends & uses Twitter pretty often.
  • Deb Schultz is an analyst and uses Twitter somewhat frequently.
  • Veronica Belmont is an Internet celebrity, host of Tekzilla on Revision3 and has a huge Twitter following.
  • Ken Yeung is a prolific Twitterer and social media enthusiast.
Twitter
Grader
Twitalyzer
Klout
Jeremy Toeman 99.2% 2.2% 30
Adam Burg 89.0% 0.1% 18
Chris Pirillo 100.0% 86.3% 89
Rafe Needleman 100.0% 2.2% 48
Deb Schultz 99.8% 1.4% 41
Veronica Belmont 100.0% 65.1% 64
Ken Yeung 99.8% 5.0% 56

As you can see from the table above, there is not a single uniform measurement out of three social media metric tools available on the Internet today. So what do these influence number really mean? Like I said, it’s subjective. IF you choose to use these for a benchmark project, I would recommend being uniform in your execution. Do not choose to use Klout and then use Twitter Grader as that will skew your results and leave you with questionable reporting. It’s similar to web analytics – a unique visitor could be calculated differently from one analytic tool to another, leaving you with inconsistencies that may not paint a complete picture.  In the end, there aren’t any easy solutions on assessing one’s influence. You’ll need to really dig deeper to find out how motivating that person can be in persuading their friends & family to do something.

WorldMate Integrates with LinkedIn, Bringing More Intelligence to Business Travelers

Tuesday, February 9th, 2010

WorldMate, the web and mobile personal travel assistant, has a ten year history of making travel easier for business travelers. Their newest features that go live today will give their members edge with location-based and social networking features through an integration with LinkedIn.

Most of us have been in this situation. You’re going to a meet a few business contacts, some of whom you haven’t met before. Their names and backgrounds are a little fuzzy. You know you’d have an edge if it was all clear in your brain. Maybe it’s in the email conversations, maybe not. Either way you don’t really have time to look through it all on your phone.

Or maybe this situation. You’re traveling to a city you aren’t too familiar with to close a few deals. You know there are a few more leads to be followed and contacts to meet, but you don’t know how to find them. Did the buyer you met a few months ago work in Chicago or Cleveland? You can’t figure it out, so you find your self eating dinner alone when, with a bit more information, it could have been a business dinner.

WorldMate’s integration with LinkedIn has just made both of these uncomfortable business travel situations a thing of the past. Now you can search for your LinkedIn contacts from your current location, or in a city of your choice, view their full profiles and send them messages, all from the WorldMate Blackberry app. (iPhone coming soon)

You can also search for new contacts in your LinkedIn extended network by city, industry and job type all without leaving the app. When you land in a new city, WorldMate prompts you to find contacts in that area, so you never forget to make the most of your trips and you never eat alone.

There are a lot of travel apps out there, but most are just apps. WorldMate is truly a personal travel assistant, remembering your preferences and reminding you what you still might need to book and even what the weather will be at your destination so you know what to pack. With this new functionality, WorldMate brings even more intelligence and value to its members. It’s no wonder they are the service chosen by nearly 5 million travelers worldwide.