Your socially engaged consumers spend more

January 18th, 2012

 New research shows consumers who engage with companies using social media spend up to 30% more than consumers that don’t.

The same research from Bain & Company, suggests they are also more loyal and emotionally connected than customers who are not socially engaged. Bain demonstrated this by looking at the Net Promoter Score (NPS) of customers – the NPS score was 33 points higher for the socially engaged consumer.

To some extent this isn’t surprising – the NPS score of a consumer socially connected to a brand is skewed by a self-selection bias. A consumer chooses to ‘follow’ or ‘fan’ a brand because they have some interest or affinity with it already, indeed they might be a loyal consumer. Other research shows that the main motivation for following or liking a brand on social media is to get the latest information and deals.

Nonetheless, this is useful data when trying to make the business case for increasing investment in social media.

Other useful social media ROI research/data that will help in this area (albeit Facebook focused) includes:

Please let me know if you have other great ROI case-studies.

SOPA and PIPA – the web’s four letter words

January 17th, 2012

Seal of the United States Department of Justice

You may notice that the internet is slightly quieter than you are used to tomorrow.  This is due to numerous internet giants protesting the Stop Online Piracy Act (SOPA) and Protect IP Act (PIPA). Opponents to the bills state that if passed into law, they will stifle innovation and undermine free speech through unreasonable internet censorship.

On 18/01/12: Wikipedia, user-submitted news site Reddit, the blog Boing Boing and the Cheezburger network of comedy sites all plan to participate in the blackout.  They will follow in the web steps of the Italian Wikipedia site following similar anti piracy legislation proposed in Italy last year.

According to Wikipedia, SOPA “would allow the U.S. Department of Justice, as well as copyright holders, to seek court orders against websites accused of enabling or facilitating copyright infringement.  Depending on who makes the request, the court order could include barring online advertising networks and payment facilitators, such as PayPal, from doing business with the allegedly infringing website, barring search engines from linking to such sites, and requiring Internet service providers to block access to such sites.  The bill would make unauthorized streaming of copyrighted content a crime, with a maximum penalty of five years in prison for ten such infringements within six months.”

I urge you to read this today as Wikipedia will be ‘dark’ tomorrow.  You can find more about the Wikipedia: SOPA initiative here.

Both bills appear ill thought through and have been condemned by the internet at large.  You can see a pretty reasoned argument against both bills in this video by Cynical Brit, a UK gaming journalist and learn more about the bills themselves in this handy infographic from AmericanCensorship.org.

As a social media consultancy that generates revenue and jobs directly through a healthy and free web, both of these bills need to go back to the drawing board.  It is obvious that companies that produce games, music, film and other IP need to be protected from piracy, but knee jerk legislation is not the answer. There needs to be future consultation with the internet big guns, Facebook et al.

SOPA was ‘shelved’ yesterday awaiting consensus on the bill. PIPA advocate and Senate Majority Leader Harry Reid has scheduled a vote on the bill on 24/01/12.  Swot up on this subject, because if you operate online this does effect you.

Enhanced by Zemanta
If you want to show your support and join the debate, Tweet below!


Waze – Geolocation emerges from its troubled teens and becomes a useful member of society

January 16th, 2012

You may have seen the other day that GPS navigation system Waze hit 10m users. It’s a social tool that aggregates user reports on traffic, accidents and the like. I’m a recent convert and signed up a few months ago, since then it’s become a part of my daily commute. If any of you have experienced the vagaries of rush hour traffic on the A3 you’ll understand that drivers need all the help they can get.

Useful and free, what's not to like?

Waze: Useful and free, what's not to like?

As a consumer my prerequisites for downloading a geolocation app have to fulfil at least 3 of the following. Here’s how Waze hits those targets:

  • Collaborative – Waze uses thousands of users’ traffic reports to create a map of road congestion and allows them to send messages in real time to update each other. Its success rests on the community spirit of its users
  • Timely – this all happens in real time, a boon for an audience where seconds count
  • Useful – I’ve avoided innumerable traffic jams with this tool and anything that can make the daily commute less painful and for free gets my thumbs up
  • Fully integrates with my existing social profiles without superseding them – this is not a Foursquare, inundating friends with useless and annoying updates. It fulfils a purpose and doesn’t pretend to be a Facebook replacement. Should the jam be particularly bad you can send your update to Twitter or Facebook to alert your wider following, but that’s it. Waze knows its limits

Download it for your iPhone, Android or Blackberry here. My username is rupinjapan, so if you see a Transit wrapped round a traffic light on the Cobham bypass let me know ahead of time.

 

Enhanced by Zemanta

Slideshare and the rise of B2B social media

January 13th, 2012

There is no doubt that the growth of Slideshare has got B2B marketers excited about using social media again. It has become the world’s largest content sharing community. Combine this with the reach of Twitter and LinkedIn and the platform has become a vital part of the best B2B social media strategies. The site has seen dramatic growth amassing more than 60 million visitors and 3 billion slide views a month.

For those in the B2B arena it is clear that certain social media platforms just do not facilitate engagement with the right target market. Are you really going to engage a key business decision maker or Managing Director in and around the topic of advanced web analytics on Facebook? More often than not B2B marketing involves the creation of thought leading content, traditionally this would have been in the form of case studies, reports, factsheets and brochures. In the digital age, users are looking for digestible content that they can use within their own presentations as well as research into new products and services.

Presentations by their definition look to condense key information into a series of impactful slides, a perfect social object for distribution as part of a content strategy. 71% of B2B companies are doing more content marketing than last year and in some cases are estimated to be spending a quarter of their marketing budgets on content marketing.

Here are some nice little tips if you are developing a Slideshare presentation as part of your B2B social media campaign or ongoing content strategy;

The Slideshare sweet spot is between 10 & 30 slides! Keep it succinct, it is not a numbers game!


19 images is the average per Slideshare presentation, equivalent to one per page.


Average number of words per Slideshare presentation is 24! Don’t dribble on and stick to the point

B2B Social Media Slideshare

Slideshare Infographic

Sources: Infographic by Column Five.  Column Five infograhic sources: Content Marketing Institute, Slideshare.net, Quantcast, Comscore

Afraid of your competitor’s social media activity?

January 9th, 2012

If so, you are not alone. New research from econsultancy shows a whopping 85% of brands believe increased social media marketing by competitors will have a significant impact on their social media plans in 2012.

With all innovation, there is an adoption curve (see below) – it looks like the social media laggards are worried they might be losing competitive advantage. For good reason – there is growing empirical evidence that investment in social media has financial benefit. For example, McKinsey showed a correlation between a ‘social business’ and higher profit margins and market share.

Social business

Where are you on the social media adoption curve?

So how scared should you be? Before you panic, work out how you are actually doing versus your competitors. Using various tools, you can benchmark some key indicators such as:

Social share of voice

What proportion of the consumer conversation in your market place is your brand or company getting? This can be shown simply as a percentage and tracked over time. Even if you are not doing proactive social media activity – you may be surprised how many consumers are actually talking about your products, services or staff.

Reach

All the research shows (understandably) that the C-Suite tend to focus on the top-line numbers. So you need to compare Facebook fan numbers and Twitter followers so you can get a gauge on the potential reach of rival brands.

Engagement and sentiment

But the big numbers don’t tell the whole story. You need to dig a bit deeper –who is actually engaging with the brand – is it the sort of consumers you would like to be talking to? Are they talking positively or negatively about your rivals?

Once you have all this information, it’s time to work out a social strategy for your business. Convene a cross-functional team (ideally HR, marketing, PR and customer service) to decide on priorities and focus.

If you need help, give us a call and we can help you refine your social media strategy.

14 essential stats from the latest UK social media research to help benchmark your planning

January 3rd, 2012

Using social media research to benchmark and define your planning

Whether you’re planning your tactical social media campaign or reengineering your business for the social consumer, social media research is invaluable in setting benchmarks.  They help you manage expectations, isolate priorities and best of all, define KPIs that set the evaluation bar.

But there is a dearth of UK and European focused research resources.  Apart from econsultancy’s marvellous internet stats compendium, it can be quite difficult to find individual studies without scouring Google for days!

So to make it easy, below are highlights of the latest social media research, with links to original studies. Better still, they are in 140 characters or less,  and very tweetable, if you fancy sharing a few insights.

1. During 2011 there were 228 billion UK Internet visits to websites and 28 billion hours spent online
Source: Experian Hitwise Dec 2011 http://bit.ly/uMRrri

2. 87% of UK businesses will invest more in social media in 2012
Source: Royal Bank Of Scotland (RBS), Dec 2011. Reported in The Scotsman http://bit.ly/th7heE

3. Almost two thirds (64%) of companies say they are now beyond the experimental phase compared to 54% a year ago
Source: econsultancy Nov 2011 http://bit.ly/to9Je7

4. Only 48% of UK companies use social media, compared to 72% in the US and 83% in China
Source: KPMG, May 2011 http://bit.ly/sD194p

5. Only 6% of business owners are monitoring social media to better understand their customers
Source: Sage UK Dec 2011 http://bit.ly/w0hXfS

6. 60% of organisations have not yet implemented internal social media training and governance models
Source: econsultancy Nov 2011 http://bit.ly/to9Je7

7. 25% of marketers regard social signals as ‘very important’ for search rankings, but 57% think it will be important in 3 years
Source: Quarterly Digital Intelligence Briefing Dec 2011 http://bit.ly/umrYAO

8. 43% of UK women agreed that they often find out about new breaking stories first via social networks; compared to 27% of men
Source: Ofcom Dec 2011 http://bit.ly/sIjKCm

And on the media front….

Benchmarking social media measurements with the latest social media research

9. MySpace slips out of top 10 of leading social networks in UK
Source: Metro http://bit.ly/rGT5Pa

10. 60% of UK online population now use Facebook more than once a day
Source: YouGov Dec 2011 http://bit.ly/uAhCm3

11. 71% with a social networking profile visit a networking sites at least once a day; 20% visit 5 times a day or more
Source: Ofcom Dec 2011 http://bit.ly/sIjKCm

12. The Daily Mail and the Guardian websites are the most popular newspaper websites in Europe
Source: Ofcom Dec 2011 http://bit.ly/sIjKCm

13. 2.6m people joined the top 20 Facebook retail pages in the last 6 months
Source: eDigitalResearch Dec 2011 http://bit.ly/uLhLwH

And just because…

14. Nearly half (47 per cent) of teenage smartphone users admitted using or answering their handset in the bathroom or toilet
Source: Ofcom Dec 2010 http://bit.ly/sbkdwd

If you would like to keep up with the latest social media research and stats then please do follow us on twitter


 
 
Images with thanks to:
Image: jannoon028 / FreeDigitalPhotos.net
Image: Nutdanai Apikhomboonwaroot / FreeDigitalPhotos.net

B2Bs take note – social media needs to empower staff, says global study

December 14th, 2011

There is a perception in the industry that B2B “doesn’t do social”. I have often been asked if B2Bs “should use Social Media?” as part of their marketing mix and if “B2Bs can utilise Facebook?”

GlobalWebIndex – B2B Social Media Strategy – Research Report – 2011

View more presentations from Tom Smith

However the results from our recent analysis of GlobalWebIndex data that was published as “Social Strategy for B2B Marketing” could not be more different from this perception. B2B decision makers are the most socially active consumers for all markets and demographics. If anything B2B marketing is a more obvious fit with social media than consumer marketing.

In addition GlobalWebIndex trend data shows that activities such as profile updating and microblogging are expanding quicker among business users than your average consumer. This underlines how B2B decision makers have used social media to develop personal brand and drive their influence.

Interestingly this difference is most marked in developed internet markets where B2B decision makers stand out most from consumer behaviour and usage of social media platforms. In growth markets such as China they are still more active than the norm, but the gap is significantly smaller. This means businesses that operate and sell in the US, UK, Germany or any other high penetration internet market need to focus marketing and sales through social media.

Crucially it’s not just B2B decision makers’ behaviour that leads the way in social media; marketing communications via social channels are also perceived as having an impact on purchasing decisions for products and services they buy for business.

At a global level, social media communications outranked even face-to-face meetings, conferences, client entertaining or traditional trade advertising in most markets, as an influential communication channel. Based on data fielded in June 2011, global decision makers said “Conversations with people from a company/organisation on a social network” was their leading influence scoring 15%; the second ranked motivation was “direct mail”, scoring 13%. Among senior decision makers – those at senior manager level and above – conversations were level with “sales presentations”, both scoring 16%.

The fact that a virtual conversation is seen as more influential than a real life one shows how social media has permeated their lives and importantly for our industry, underlines the importance of empowering all employees (not just sales people) to be active, visible and representing the business online. This fact alone would highlight the need for a radical shift of budget from traditional B2B marketing activities into proactive social media engagement.

In addition “branded communities created by a company or organisation” are seen as more influential than corporate events and entertainment. This prompts the question, is social media changing the way business operates?

One note of caution, company blogs and branded Twitter profiles rank last. This we believe is not necessarily bad news, but very telling in terms of how social media works in B2B. Buyers want to interact online with people and companies need to create structures that enable this. This shows that the true value of social media lies in people, not the platform.

To succeed in this new era of socially enabled B2B communication, firms will have to empower staff to act on a company’s behalf and give them the platform to build a profile, content and relationships in this space.

Tom Smith is MD of Trendstream, a consultancy dedicated to understanding trends in technology adoption and what they mean for consumer behaviour, marketing communications, media and content

Enhanced by Zemanta

The Three R’s of Facebook Moderation

December 12th, 2011

Creating a branded Facebook page can be daunting for any business; doing so without a robust moderation policy in place can be disastrous.

A branded Facebook page can be an open-invitation for foul-mouthed detractors to fill the page with expletives and abuse.

Perhaps less obvious are the implications of a well-meaning, but misguided employee jumping in and publicly defending the company against said detractor. Or worse, a recently redundant employee joining in and publicly attacking the company out of frustration.

Before creating a branded presence on Facebook, it is therefore important to consider the Three R’s – Resourcing, Redundancies and Restrictions.

Resourcing

Consider who will moderate the page and the hours the moderator(s) will be active for. Weekdays and work hours moderation is commonplace, but clearly state this on the page. For larger branded community pages, automated moderation packages, such as Crisp Certified, can be purchased, to automatically remove negative or abusive posts; while software such as the Digital Recognition Moderation Engine (DRME) can be used to moderate user generated images and video.

Do ensure all employees, from the boardroom to the shop floor, have been fully briefed on the page and its rules of engagement; a solid social media policy will provide employees with the confidence to know when and how to respond to customers as well as outlining the necessity for employees to transparently state their relationship with a brand when engaging online.

Redundancies

During sensitive times, such as mass redundancies, a branded Facebook page – or indeed the social web in general – can present itself as the perfect place to vent feelings of injustice. Employ a monitoring system, such as Radian 6 or Sysomos, to proactively search for any online conversations surrounding this. Ensure an escalation process is in place should the online conversation spread and fully brief the page moderator to watch for potential negativity on the page. Page guidelines should state that profanity and abuse can be removed and blocked, to enable the moderator to quickly deal with abusive or aggressive Wall posts and comments.

Restrictions

Consider sensitivities surrounding data protection. While automated moderation services can be employed to block specific words and profanities, moderation becomes more difficult when it isn’t a specific word that needs to be blocked, but a reference to something or someone. Ensure the page guidelines clearly state what can and cannot be referenced on the page, this ensures the moderator can remove or block users who ignore these guidelines. The General Medical Council is a good example of an organisation finding a balance between protecting data and driving discussion.

Four ways in which the new Twitter better promotes your brand

December 9th, 2011

Twitter has launched new brand pages with a new look and some useful functionality.

Coca Cola getting in early on Twitter

For those companies already on Twitter, this news is worth your attention.  Twitter’s new brand pages will better promote your brand in 4 ways:

  1. A large header image gives greater prominence to your logo and/or tagline.  The Coke brand page is a great example.  Formerly, companies had to put up with an odd design which meant that brand images were concealed as wallpapers, hidden behind the Twitter timeline.  That has changed now.
  2. Brands can highlight their best content.  Above the timeline is now a “promoted tweet”, which shows off a company’s best content.
  3. Photos and video content can be expanded.  An example is Heineken’s promoted tweet, which shows off a photo of its newly-designed bottles.  Alternatively a video advertisement can be embedded there, simply by inserting a link to YouTube.  Disney Pixar makes great use of this and posts a trailer of its latest film there.
  4. Replies and mentions may be separated.  Brands articulated a desire to see replies –i.e. customer interaction – in a separate list to mentions – i.e. tweets that have expressed an opinion on your product.  This will make it easier to do two separate things: engage with your consumers and see what people are saying about your brand.

Twitter liaised with chief marketing officers and found that what companies wanted was brand pages.  So that is what they have given them.  If you are one of the 5% of companies still not on Twitter, now might be a good time to start.

The bad news is that UK brands will have to wait until 2012 before the new pages are available. Something for the New Year then!

 

Reddit – Upvote it: Part II

December 2nd, 2011

So in the first blog in this series, we established that Reddit is significant online social movement, but what exactly can it offer a brand or business?

Monitoring:

Businesses can utilise the platform as a go-to for cutting edge news and content. Monitoring the platform for relevant industry or brand mentions can also yield interesting results. A search for ‘Coca Cola’ on Reddit reveals an interesting and perhaps surprising variety of conversations taking place around the global leader.

Engagement:

Businesses can actively participate in discussions or initiate new conversations. It may be worth considering potential CSR opportunities – is there a particular cause that is important to your business that you would like to talk about with the community?

A word of warning: tread carefully and be transparent about who you are. If you act in an underhand manner, you run the risk of the community turning on you.

The IAmA or “I am a” subreddit is another opportunity for business or brand ambassadors to engage with the Reddit community and answer their questions. Recently the intrepid explorer, Bear Grylls engaged in an IAmA, sponsored by Degree Men, the US version of the Sure antiperspirant brand. He answered redditors’ questions with text and video responses. His presence on the platform resulted in some gentle teasing from the community…

Sponsored links:

Reddit also offers sponsored link opportunities, allowing brands and business to target views according to their interests. As with a typical Reddit post, sponsored links can be commented on and are subject to the Up and Down vote system. They appear at the top of the Reddit feed and are clearly marked as a sponsored link. A savvy brand can get in the eyeline of a very targeted and motivated audience.