The Achieve Market Leadership blog is sponsored by Crimson Consulting Group for marketing executives.
We share our insights on opportunity analysis; strategy and planning; and operations and execution. In addition, we talk a lot about what's happening in web strategy and social media.
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Microsoft just launched a new campaign called Talking About Windows focused on IT Pro’s where they are opening up the conversation about Windows 7. It includes interviews with Microsoft’s top Windows 7 Engineers including Jon DeVaan, Mark Russinovich, Gabe Aul and others as well as some great Windows 7 early adoption companies.
TalkingaboutWindows.com offers IT professionals genuine insight on Windows 7 from the Microsoft engineers who helped build the product. Featured are video’s and discussions about why product decisions and feature trade-offs were made. Also, IT Pro’s can get real-world commentary from IT professionals as they share their Windows deployment and adoption experiences. If you are an IT Pro, check out this forum to express your opinions, discuss Windows and share adoption stories.
As a marketer, I am very interested to see the conversation around Windows 7 and the IT Pro customer is a great place to start.
In the spirit of “if you get it, share it” we’ve decided to start publishing some of the approaches, methodologies and marketing strategies that we are doing in the Crimson Consulting Interactive Services group, for which I am the lead Partner. We’ve worked hard over the past few years at creating and refining some approaches we have used across both F500 clients and some startups - particularly around Social Media Marketing.
In many ways this goes against the traditional management consulting and agency practice of treating everything as proprietary, but if there is one thing I have learned in the new modern marketing environment, its that sharing your approaches has a lot of advantages. The feedback, recognition and collaboration we have received when we have done this is invaluable and I am hoping that as I publish some of our approaches that other people will share theirs also. As a result we can all learn from each other, what is working, what isn’t and what is still experimental.
Here is the first framework - its the basic approach that we use for planning Social Media Marketing initiatives:
Analyzing data is important in every aspect of marketing in order to fine tune programs and enhance market penetration. In the world of social media, this is a bit of a struggle. We’ve been using Radian6 as a Social Media Analytics tool for some time with our clients and I wanted to share the differentiators in their tool that our clients seem to like so much.
Time to discovery - results are FAST! Usually real-time or max 30 min for a really broad query.
Ability to drill down in queries. In other words you can do a search within a search. This is really valuable in being able to drill down into very specific things you want to know.
Ability to pull top results in different ways. Those of you who have pulled down a mass of comments in an analytics tool can appreciate how valuable it is to be able to bubble to the top and prioritize results… by Top 10 or by Twitter users, etc.
Radian6 put out this video to announce that they have some new product features coming out - you gotta love a company where the VP of Marketing does a decent Johnny Cash imitation! Looking forward to seeing the new features guys!
There was an interesting story recently in Business Week on heads of companies and their take on Twitter. Given the amount of information overload and the pressure on CEO’s to be efficient with time, use of Twitter makes a lot of sense given its 140 character limit and ability to give/ get instant feedback.
Feed reader: I monitor Twitter several times/ day to see whats happening. I know many people who no longer read news sites and gain most of their daily information from Twitter alone!
Brand Building: abilty to communicate your company culture, brand and personality. Ability to raise visibility of the CEO and your brand.
Focus Group: quickly reach people with news or questions - get instant feedback - 24 hrs/ day open feedback without filters. I frequently put questions out to my Twitter network and am always amazed at the generous response I get on everything from requests for stats to opinions on issues.
Networking Tool: connect directly with others in a effective way. I have personally connected with journalists and executives on Twitter that way that would have been difficult to do otherwise. I frequently see CEO’s Twittering about where they are and inviting people to join them for coffee or discussion.
Monitoring: spot trending or buzz around a topic or technology - FAST! If I want to know where the buzz is on a specific topic, I usually turn to Twitter first. Many social analytics tools now include Twitter in their monitoring of conversations.
Drive traffic: to your website - Twitter community is ACTIVE! Post a popular post on Twitter with a link to your website and you will see a huge spike in traffic and usually an increase in your network of followers.
Humanizing your communications: there are some who don’t like mixing the personal chatter with business on Twitter - while others believe that some element of this contributes to us seeing the human side of a business or CEO.
Over the past year I have been following the number of large enterprises and media companies that are using Twitter in their communications, as well as advising several of Crimson’s clients in their use of Twitter as an effective social media marketing tool. I find the most compelling posts from CEO’s to be those that expose their everyday activities as people. I hope to see more CEO’s embracing Twitter and I personally welcome more of this “human element.”
I have been Tweeting on Twitter for awhile and I really enjoyed a recent session on Microblogging and Twitter: who’s using Twitter and for what purpose? What is the business value of use cases?
Drive Traffic to other web content - such as blogs, announcements, articles, etc. Promotion - PR - push out/ broadcast announcements, events, etc.
News, breaking news, awareness
Social Filtering - getting your news via Twitter now - some rely on Twitter now to get general news.
Communication efficiency - the nature of the brief and frequent posts, its efficient and effective
Brand Cachet - for those who are currently on Twitter
Work streaming - updates, status,
Reports from the field, live messaging
Member support
Conversation monitoring/ brand tracking
Twitter etiquette - “Twitiquette” Things to think about…
Tweet Formats: A lot of discussion about “is it acceptable to have multiple persona’s on Twitter?” General consensus was yes, similar to having multiple emails.
Do you Twitter professionally vs. personally? Public persona’s - some people are experimenting with multiple identities in Twitter (personal vs. private). There are examples at companies like Zappos where there are many employees with Zappos in the Twitter name alias.
What happens when a “fan” takes over your brand name on Twitter?
When do you use Twitter to broadcast only vs. get into dialog?
Signal to Noise: What makes a good tweet? Consensus: Succinct, pithy, poetic posts
However: * If your reply isn’t pithy - then maybe it should be a direct message instead * If your reply is relevant to others (not just the receiver) its ok to broadcast it to everyone * Frequency of Tweets - what is too much? 7x per hr
Does anything go on your personal account? general consensus is yes.
How do you decide who to follow? General consensus is that you can easily reach overload so you need to be selective about who you follow. Jeremiah Owyang uses Friend Feed.
Is it fair expectation that if someone follows me when I am following them? Consensus was yes. Some people are weirded out with “branded persona’s” who follow them out of nowhere.
Some people are experimenting with Twitter around events. Experimenting with importing participant lists and doing follow up on Twitter post event.
Where is this going? When Twitter grows up…
Support needed for different persona’s/ roles in your life (personal, private, hobbies). Its possibly a matter of both privacy and managing the data.
More uptime? Reliability badly needed.
Monetization? What about advertising within Twitter clients? Would people pay for premium services? The general consensus was yes, especially if it included improved uptime.
I loved Cyndy Aleo-Carreira’s blog post on why we don’t need a social network for every product! I do agree that we don’t need a social network for every product! I always like to view social media from the perspective of the user - and often when I don’t see the value, its usually because I can’t relate to the network, they charge for what I can get for free elsewhere, or the user experience is so poor that I don’t bother.
There are a few social networks that come to mind that I just don’t see the value in: Classmates.com (They charge for what Facebook provides for free) or PMSBuddy (I don’t feel the need to share this info with friends!) - though I am sure I am going to be flooded with emails on why these sites are incredibly useful. I have seen over time that there is a social network for everyone, but personally I don’t want to socialize around every product or topic. Instead what I would like to see is social media tools (comment, rate, send to a friend, RSS, embed URL) become an integrated feature of most web based content.
My favorite social networks include: Flickr, Twitter , Facebook, LinkedIN, Experts-Exchange, Etsy and Pleoworld. Full Disclosure that I am biased when it comes to Ugobe/ Pleoworld - Crimson advises Ugobe on the strategy amd management of the Pleoworld community!
I’ve been working in web for 12 years now - I built my first community strategy for a client in 1996. If there’s one thing that I have learned, it’s that everyone considers themselves to be a “strategist”. Having said that, when you are working on web initiatives of any significant size, you are working as a part of a team, an eco-system of people who all bring something important to the table.
In a conversation with a client we were reviewing just how many different flavors of web strategists there are - and how do clients determine what kind of web strategist they need? Below is a review of many of the common types of web strategists and their respective strengths:
General Web Strategist - this kind of web strategist has a broad and deep experience base, has usually come from an agency or consulting background… has really “been there and done that” with almost any kind of web project or business model. They are experienced enough to be flexible to work on most kinds of web projects and the best ones have implemented their strategies.
Web Marketing Strategist - a strategist who is focused on outbound web marketing techniques. They live and die by data and results.
PR Strategist - a PR professional who leverages social media and web marketing as an integrated part of PR strategy. Could include monitoring conversations, identifying influencers, syndicating content using social media for PR purposes.
Brand Strategist - usually focused on more of the creative, UI and brand elements of web. These strategists usually come from a creative or agency background.
Advertising Strategist (Media, SEO, SEM, WOM) Focused on media and online advertising.
CRM/ Web Strategist - a strategist focused on the customer contact strategy, customer touchpoints and CRM. A sub-set of this can be relationship marketers or database marketers. It will be interesting to see how this role evolves given how social media has changed the touchpoints companies have with customers.
Web Analytics Strategist - focused on the measurement and analytics of web. Could encompass everything from basic web analytics to rich media, community and social media analytics. Like web marketers, for this strategist - data is king.
User Experience Strategist - a strategist that looks at the audience in detail and optimizes the overall user experience. Often these strategists come from an information architecture or creative background.
Content Strategist - plans the overall content in a web site - which could include editorial, third party content or user-generated content. Considerations such as assessing audience content needs, publishing strategy, licensing, syndication of content are all considerations.
Technical Web Strategist - sometimes referred to as a “Solutions Architect” Looks at the technology and infrastructure needs, technical requirements and informs the development needs. Typically these strategists come from a consulting or developer background.
Subject Matter Experts - Web strategists focused on a specific industry (SMB), point solution (wikis. blogs) or audience segment (Gen Y).
Community Strategist - A strategist that understands the complex interactions between community members and the ongoing needs, opportunities and dynamics of online communites. A sub-set of this could also be Community Managers who are very hand-on yet closely tied to the strategy of how to build, grow and manage the community.
Social Media Strategist - focused on leveraging social media for marketing purposes. In my opinion the best social media strategists are those that walk their talk - they actually blog, they use Twitter, they belong to social networks and communities.
I don’t agree with Steve Rubel that the need for these roles will eventually disappear - I think that’s a wishful-thinking PR perspective. I have seen increasing demand in our enterprise client base for web and social media skills. While I do agree that these skills will eventually become required for all marketers, I believe that there is always room for experienced, quality consultants. Jeremiah Owyang did a post on the need for the social media manager and two distinct roles that Forrester sees emerging: the social media manager and the community manager.
Most enterprise marketers are just beginning to experiment with social media and I believe its a long way off before they acquire deep skills. In the meantime, when leveraging the skills of a web strategist, its important to ensure that you are engaging the right kind of strategist to meet your objectives.
Recently, I spent the morning attending an amazing event in San Francisco: The Chocolate Salon at Fort Mason and it got me thinking about how dramatically the promotion of local events has changed in the past few years with the prevalence of social media and Web 2.0 technologies. Its a topic that appeals to both the chocoholic and web strategist in me.
The event itself was fantastic - a chocolatey, gooey and somewhat indulgent day for people who love everything chocolate. I checked out the Chocolate Salon site and hit cacao nirvana when I discovered TasteTV’s “Chocolate TV” video segments!!! On it you can see every imaginable story around chocolate and the event: some examples of chocolate couture, chocolate hairstyles, stories about some of the fantastic chocolate manufacturers and retailers that we have right here in San Francisco including one of my favorite retailers: CocoaBella Chocolates.
How does social media play into it? For starters, like a lot of things I go to these days I learned about the event from both upcoming.org and meetup.com from my friends listing it as something that they were planning to attend.
Here is a list of basic social tools that likely will (or should be used) to promote and report on the event before, during and after:
E-Commerce - of course many of the local manufacturers and vendors like Christopher Elbow Chocolates have websites with e-commerce
Then, there is the use of so many “sharing” tools, that are inherent in many of the above, that help to create a viral effect: “send to a friend”, tagging, send a message, get link, get code.
What else could have been done? Social bookmarking on sites like Delicio.us or Ma.gnolia, recipe sharing, links to food or chocolate blogs, a wiki on chocolate related topics, mobile alerts, FaceBook groups …the list goes on and on.
With Social Networks trying to monetize their robust member bases, many marketers are still wondering how to best get involved. A recent eMarketer article shows that spending on social marketing may still be considered experimental.
What Does it Mean for Marketers?
Spending on Social Networks: One-third of US marketers and agencies surveyed in an iMedia Connection poll in March said that they planned to spend $300,000 or less this year on social network marketing – and one-third planned on spending $2 million or more.
Advertising is the main revenue driver: With ad spending predicted to $1.6 billion this year and to $2.7 billion by 2011. There are other sources of revenue: subscriptions, premium services and e-commerce to name a few – but ad models still prevail. Enterprise communities like Experts Exchange who have millions of paid members and an abundance of social tools give me hope that we will one day diversify our dependance upon ad dollars in favor of offering high-value services.
Social Marketing is being led by cutting edge marketers, and often at smaller companies who are limited in budget and abundant in imagination. Depending on who you believe, its estimated that somewhere between 16%-49% of marketers are currently doing some form of social marketing. Let’s face it, in our quarterly-driven, ROI based corporate environments its not easy to stand up in front of your company and pitch your plan for marketing domination through social media. For the forward-thinking marketer that is willing to take a risk, social marketing can be both exciting and daunting.
Marketers like George Wright, marketing director at Blendtec came up with the concept for one of the most noteable campaigns leveraging social media. At Blendtec, a small blender company he decided to experiment with video’s when he saw his product testers using extreme methods to test the durability of their products. He created in house-videos at a cost of less than $100 featuring their CEO blending a variety of fun things like garden rakes, iPod, Tiki torches, Glow sticks, Guitar Hero III. They created a site http://www.willitblend.com/ and posted their video’s on You Tube. They then used blogs and other social tactics to create awareness. Within 5 days the videos had over 6 million views, thousands of comments and blender sales were increasing accordingly.
Social Marketing for Enterprise is today is mainly focused on adding social tools to already existing web initiatives, but is slowly expanding to more innovative uses. There are many examples of marketers getting high ROI from use of social marketing, but it requires imagination and an ability to think outside of the traditional corporate marketing box…and in some cases an ability to move forward despite skepticism.
The net/ net: A lot more education needs to be done with Enterprise marketers to see the value and potential of social marketing before we will see adoption rise to mainstream levels.
There has been a lot of talk about marketing budgets and our clients are asking us what they should be doing in the event of a downturn. In general, we aren’t seeing a slow-down in terms of online marketing spending… some areas of interactive may hold up better than others if a true recession hits.
What’s Happening with B2B Marketing Budgets? A recent survey by B2B Magazine taken at the end of Jan 08 shows that the majority (58%) of B2B marketers are not revising their 2008 budgets. Of those marketers (29%) that are reducing their marketing spend, the biggest cuts are not surprisingly in print (-45%). At the same time 12% of marketers are increasing their budgets and online marketing is the largest area of increase (+48%).
What About Social Media? Last week Forrester analyst Josh Bernoff stimulated a lot of discussion with his post on Why Social Applications will Thrive in a Recession and his report on Strategies for Interactive Marketing in a Recession where he predicts that social applications could actually thrive - note: Social Applications - not social media in general. The main point being that the first online marketing efforts to be cut will be mass-media awareness building marketing - while social applications (blogs, community, social networking sites, word-of-mouth marketing) engage the audience in the consideration phase and are relatively less expensive when compared to traditional marketing or PR.
What this means for B2B Marketers:
Focus on Social Applications - At a minimum, get involved in communities and social networks where your customers are already engaged. If your budget allows, include outreach to key influencers and optimizing your content and social applications for syndication.
Focus on a few things and do them well - the desire to experiment in social marketing sometimes leads to the temptation to just throw together some initiatives and see what sticks. Marketers would do better to focus on a few strategic initiatives that will drive their objectives and make them successful.
Invest in Social Metrics - all of your social initiatives should have clear measurement and payoff. Many of the social influence tools can also be used to help marketers identify influencers and buzz which can in turn help you to optimize your social marketing. At Crimson we have been using BuzzLogic and Buzz Metrics with our clients with great success. Having said that, most of these tools are still fairly new and the reporting is of most value when overlayed with more traditional web metrics. Picking the right tool will depend on your objectives - and as with any online marketing metrics tool - analysis, insight and refinement are key.
My colleague Glenn Gow recently posted on Five Tips for Marketing in a Recession. I believe his points about Spending Smarter (showing clear ROI) and Fighting for your Resources are critical for B2B online marketing - and are very closely tied. Showing clear ROI will make it much easier to make a business case for retaining your marketing budget and resources.