Category Archives: social media marketing

Getting Social to Work at Your Company

I think one of the most difficult things for true social marketing professionals is to implement a successful social strategy and plan at their company. As I engage and converse with a number of social professionals I hear frustration from them. There is a significant delta between what they want to accomplish to be innovative and what their company is comfortable doing. Social professionals often look to do something different however their companies often look for proven social marketing and validation by asking, “who has done it.” If someone has already done “it” in social media marketing, “it” is not likely to capture a big audience and get a strong response.

So what do you do?

change

This week I read a great article from Bruce Turkel “Being Relevant, Empowering, and Significant.” The article reminded me of my career experiences. At times I was frustrated by doing what the company was comfortable with compared to doing what I knew would drive success. I would consider myself someone that has always pushed the envelope and years of experience have taught me how to be an innovator even in the eyes of innovation paranoia and business as usual mentality.

If you have read my blog before, you are likely to know that I am not a follow the pack guy. I call it like it is even if it bucks the masses or is short on corporate political correctness. This is my own branded persona in the digital marketing world. Yes, like the views of Bruce Turkel, I look to be relevant, empowering, and significant in my own social space. But truth is it takes a delicate approach when working with companies (both full time and consulting). As a thought leader you need to be bold and provocative. When working with companies that need to change you need to be bold, but less provocative. You need to get people to buy in and be comfortable.

“Getting Social to Work at Your Company” is really an exercise of successful change management. It is very difficult for any company to change the way they do things, and yet the audience behavior and technology demand companies do so.

I have two change management philosophies that have worked well for me in the 12 years of my marketing leadership career …

The rubber band approach – Everyone can be stretched beyond their comfort zone a bit, but when you push too hard they get to their snapping zone to the point where they do not trust you at all. This is the exact scenario with a rubber band. They all have elasticity, but when expanded too far, they snap. I do believe that as a person responsible for driving a new endeavor must take their stakeholders to some uncharted territory. And this means taking people to an uncomfortable place. Do so gently and not with a sharp push. A slow stretch and not too abrasive to cause a snap.

Positive viruses – virus are caused by passing a condition from one person to another. When you want to drive positive change, you need to first find the person or people that will likely go where no man or woman has gone before. The special person who really wants to change for good. Work with them. Make them the hero. Let them take the front of the stage and get the adulation. Be content being the director behind the seen. Once the effort is successful, shine a beaming light on them. Rally their success. Most people want to follow success. It is human nature. If you really want to drive positive change, allow others to shine and be content knowing you are the behind the scenes person that really throttled success. This is how you cause positive viruses … by planting a seed in one place, nurturing that seed and then letting the desire of continued success blossom and spread.

As we look to win over customers through long-term social commitment and strengthening relationships, we must do the same in the organization we work for and with. Build relationships and build trust. This is how social media success needs to be carried out. Not by a fantasy of revolutionary change. The same mentality must be invoked at changing your organization, company, and/or client. Hit singles and bring runners around to score. Don’t count on home rums. Yes, they come … be joyous when they do happen. But most likely, you will score by hitting a number of small hits in a continuous string.

Make It Happen,
Social Steve

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Filed under social media, SocialSteve, Social Steve, socialmedia, social media marketing, change management, leadership, social marketing

The Most Valuable Results of Social Media Marketing

advocate

Why are you doing social media marketing for your brand? If “advocacy” is not in your answer, you are not capturing the value of social media. There should be no argument. The absolute best marketing is when other objective sources market your product. If you were about to buy a new car, a smartphone, or a bicycle, what would influence you more than anything? Would it not be a friend, colleague, or other trusted source that says, “without a doubt, ___ is the best’?

There is nothing more powerful in the purchase path influence than simple objective recommendations … having other people do your marketing. As shown in the diagram below, advocates are almost 5 times more trusted than even category influencers. (Influencers are individuals, who by definition of their job function and/or social following, are in the position to influence others directly through their authoritative or instructive statements.)

Advocate trust

If advocacy is the pinnacle value of social media marketing, why isn’t everyone building an advocacy strategy and plan. The probable answer is that they do not know how. So let’s get to that … how do you build an advocacy strategy?

The place to start is to understand what motivates advocacy. This comes down to three user-inspired feelings:

1 – Great brand and product experiences
2 – Unexpected joy from being surprised and delighted
3 – Feeling special or like a VIP

Now that we have an understanding of how advocates are produced, focus on delivering actions that spawn advocacy. With regards to great experiences, a majority of product and brand experiences happen outside of the digital domain (where social does not play) such as using the product and customer service. BUT digital/social can influence the sharing of positive experiences. Also you need to deal with negative posts and respond. You should actively monitor and reinforce positive statements made on social channels. Amplify posts that speak of your brand in glowing ways. Engage with users that trumpet your brand. Work to keep them as your BFFs (best friend forever). But negative posts also create advocacy opportunities. Carefully answer some of these negative posts. If users call out your brand by using a direct mention of your social channel (like @handle_name on Twitter) this means that the user is looking for some attention from the brand. There could be an opportunity to win back a customer, but respond with care, and avoid all debate.

With regards to surprise and delight, I like Zappos approach of always looking to exceed expectations. In social media, sometimes even a simple acknowledgement of a post is always welcomed and appreciated. Compliments and thank yous in response to a post work well. Consider random giveaways of product upgrades or promotional items to people who advocate for your brand.

And my last suggestion deals with making even one time advocates feel like VIPs. Keep a database of social names that advocate your brand. Proactively feed them breaking news.. This should not be a marketing push, but true valued info. Offer exclusive previews of products to make them feel “in the know” and let them be the first to try new versions.

There are many detailed steps you should take to drive advocacy. An advocate has passion for a brand and it’s products and you can certainly drive this passion. It simply starts by making customers happy (in every user experience). Show reciprocated love by responding to social advocacy. That reinforces continuation. Deal with negative comments, where possible. Surprise and delight customers, and make your advocates feel like they are part of a VIP group.

Social media is so much more than simply posting on Facebook, Twitter, and other channels. The best result of social marketing is when you activate your audience to share their love for your brand on their own social channels to their network. Look to drive advocacy in your social media marketing and see results that truly align to your company’s KPIs.

Make It Happen,
Social Steve

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Filed under influence marketing, social marketing, social media, social media influence, social media marketing, Social Steve, socialmedia, SocialSteve, Word of Mouth Marketing

Time to Rethink Social Media

As I shared with you a couple of weeks ago (and many others have covered) Facebook is changing the way it treats brand’s posts and their distribution (or lack thereof).

rethink socil media

Should anyone really be surprised? Does it not make sense to monetize the accomplishment of being the number one social network? Sure, you can get ticked off, but can you really blame Facebook.

And you know what … you should take some blame yourself. Does it really make sense to put the control and success in the hands of another platform? What has kept you from putting control and destiny in your own hands?

So if you agree that you need to keep control and manage your own destiny, this means that you, the brand, need to have your own platform. Here is what I mean by this …

Every brand should have its own “home court.” This means that brands should have a content repository where all their content is housed. This content repository should sit on the brand’s website. Often the content repository takes the form of a blog. Brands should not place their content on a platform that someone else controls. You should control this platform.

Now this does not mean that I think brands should not use social media, but the social channels should be used to proliferate content. Social media should also be used as an extended channel for brand engagement with their target audience. A brand should put together a content strategy for the owned digital asset (their website) and then think about using social media channels to distribute abstracts of the content such that digital traffic is driven to a platform they control.

When a brand builds success driving traffic to their website, the next step is to think about building a community there. About two years ago, I indicated “Why Facebook May Not Be Your Brand’s Community.” Now some may say, why should I bother to build a community? Why would anyone come to my community when there is Facebook, Twitter, LinkedIn, and others? Can I really get a crowd developed? Well, think about this. If you truly deliver content that is interesting, entertaining, and/or compelling, you will capture a crowd. And if you are worried about the size of your community, simply look at each individual as a potential ambassador of your brand spreading your content and brand value. Give them a reason why they would want to join your community. Even if you had a handful of ambassadors, that is a major accomplishment. Earlier this year, I provided a play book describing “Successful Social Marketing – Integrating Content and Community.”

I am certain there are some that will say they don’t have the resource or budget to do what I am suggesting. Heck, I’ve heard it from the companies I have worked for and clients I provide strategy and plans to. My answer to this is simply … if you truly care about your customers and potential customers you will find the budget. I say this not because this is the business I am in, but rather because the audience behavior demands it. I am a marketer first and foremost. I got into digital and social media because I followed the audience behavior.

And now new Facebook procedures demand change. Change that I recommended even a couple years back. Change that demands you keeping up and adapting your marketing skill set.

And needless to say, other social platforms will change. So here is the question … are you going to stay stagnant with your digital, social, and overall marketing? Or as the title suggests, isn’t it “Time to Rethink Social Media” and your whole digital approach. Audience behavior, technology, and platform operations demand you be adaptable. Don’t get comfortable. Put your seatbelt on and drive the course to success. If you expect a straight road you are fooling yourself.

Make It Happen,
Social Steve

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Filed under behavior, brand marketing, content marketing, marketing, social marketing, social media, social media marketing, social network, Social Steve, socialmedia, SocialSteve

Got Social Media? Got SMART Social Media Objectives?

When you set a marketing strategy/plan, do you start with objectives? I hope this is a rhetorical question.

So why is it different for social media marketing? Still, an abundance of companies/ brands get involved in social media with no set objectives. Social media continues to get hype and every brand feels that they must have a social presence. Yes, this is true, but having a presence without knowing what you look to accomplish is a recipe for poor results.

Make sure you have “SMART” social objectives.

smart social marketing objectives

SMART = Specific + Measurable + Achievable + Realistic + Timed

Specific – Build strong relationships with your target audience while delivering on company KPIs. Increase awareness, consideration, loyalty, and advocacy which tee up sales.

Measurable – Measure awareness, consideration, loyalty, and advocacy generated by social marketing. Record monthly outcomes and assess trends.

Achievable – Demonstrate 10% growth in month-to-month trend of measured awareness, consideration, loyalty, and advocacy.

Realistic – Allocate resources, tools and staffing to meet objectives.

Timed – Start by running a 3-month run look at trending metrics. Continue to monitor rolling 12-month trend .

Be smart about your social media marketing efforts. Don’t just wing it. Set objectives first, then have a plan to accomplish your objectives.

Make It Happen,
Social Steve

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Changes in Facebook Signal a Need for Social Marketing Change

Just when you thought you were getting the hang of capturing your audience’s awareness, consideration, loyalty, and advocacy via social marketing, the social world pivots. The new twist will require a change in your social strategy.

facebook changes

First, lets define the change. For the past couple of weeks there have been leaks that Facebook intends to drop the organic reach of brands to 1-2%. This means that if you have 200K fans on Facebook, roughly only 3K fans will see any given post. Is this what you worked so hard to build up your Facebook fan base for? Of course you can pay Facebook to amplify your posts. That is really not a bad idea as costs are reasonable (today), but it certainly is not something you are going to do for every post.

Many brands have witnessed a continuous decline of organic reach on Facebook. (Have you checked your numbers recently?) Facebook should no longer be viewed as simply a content-driven and engagement platform to win over the target audience. Content plus engagement and now paid amplification for content are required to get postings on newsfeeds of “brand-likers.” Facebook should now be viewed as a promotional platform. Daily posts no longer make sense.

So what do you about this now? Consider doing a Facebook “dark post” to a targeted audience that is not necessarily your fans. Do these promotions only when you truly have something news-worthy (new product release, special event) and not every day content. Think about having your own content repository for daily posts and then using a plethora of social channels to proliferate that content and drive traffic to your site (where your content repository resides).

What really drives me crazy is that Facebook states that the shrinking of organic reach is not to force brands to pay for Facebook use. Facebook suggests that there is a strong increase in content production from brands that has created a flood of spam marketing on Facebook. If revenue is not the reason for this sudden drastic change, why not allow users to “opt-in” the brands they want to see in their newsfeed. Why not just give the complete control to the users. That will eliminate spam. If users have the power to manage their own newsfeed, their actions translate to simply say, “make it worth my while and I will let you get into my newsfeed.”

Anyway, I am not holding my breath that this is going to happen. In fact I would say Facebook actions will set a precedent for other social platforms. Once a given social platform has built up a large enough user base, they will then turn to brands and say “pay to play.”

All this said, social marketing is still imperative to business. I’ll leave you today with two goals you should set that will yield very strong measurable results.

First, you do want your brand content and stories (not advertisements) to be consumed by your target audience. You want to win them over emotionally by delivering content that is valuable to them. You should no longer have a “social content strategy”, but rather a “brand content strategy.” Your brand content strategy should focus on the production of articles, photos, videos, and vines that have strong appeal to your audience. You should house these content pieces in a content repository that sits on your own site. Drive traffic to YOUR site, not someone else’s platform. Use social media channels to proliferate the content and engage with users where they are social.

The second piece of information (and maybe the most important) is to remember that there is nothing more powerful for marketing of a brand than advocacy. Having an objective person tell their friends, family, and colleagues that a brand is worthy of looking into is the greatest result a marketer can drive. Consider how you will motivate users to talk about your brand to other users on social channels. Do not worry about your brand being the “poster” of your brand story. There is much greater power putting these stories in the hands of advocates to disseminate. Your marketing strategy MUST address a plan for capturing and unleashing brand advocates on their social profiles and channels.

So social marketing is as important as ever. As always, you just need to stay on top of changing dynamics of social platforms and user behaviors. And then folks you are ready to …

Make It Happen,
Social Steve

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Filed under brand communication, brand marketing, Facebook, marketing, social marketing, social media, social media marketing, Social Steve, socialmedia, SocialSteve

Delivering the Content Your Audience Wants

When it comes to social marketing, there is only one response to the question, “what is the content your brand delivers to its audience?” The answer must be “the content they want.” Social marketing is not about delivering a marketing communication to push content on your audience.

And the second mistake most make in social marketing is thinking that their job is done when they acquire a high number of likes, followers, or fans. I like the way Nate Elliot puts it in his June, 2012 report “The ROI of Social Marketing” – “Fans have little innate value; it is what brands do with their followers – not merely that they have them – that creates value.” And this means delivering consistent value to those fans on their terms.

Lets talk about this through a case study of a leading consumer brand I recently looked at as an off-shot of some work I was doing. (Let’s just call them Brand-X)

Brand content reach and engagement

From the figure above, you are likely to think that the brand is performing well using Facebook to deliver content and capture strong reach and engagement. But when we look into real execution, things are not as pretty as they seem. First off, look at the peaks. While 500K people talking about this seems impressive it is less than 2% of the 27 million likes. It is also worth noting that the new product and service spikes came with paid sponsored posts. The content the audience reacted to most were celebrity video posts and a contest, and still, these posts reach less than 2% of the fans captured (which were likely via paid Facebook as well).

Once again, Nate Elliot expressed some interesting information. This month, the Ogilvy agency released data showing that the brand pages they manage reach just 6% of fans. For pages with more than 500,000 fans, Ogilvy says reach stands at just 2%.
Some have realized this for a bit, but were apprehensive to come out and say anything against the social media behemoth. Brands and agencies are now openly talking about their discontent. More and more brands are disillusioned with Facebook and are now placing their bets on other social sites — but few of them want to go on the record. In addition to poor Facebook measured results some see the biggest problem with Facebook is their constant rule changes.
But do not think for one second this does not mean that there is not a great value to brand social marketing. And I am not totally knocking Facebook either. But here are some points.

1) Facebook is extremely powerful when users (as opposed to brands) share the value of a product or service. Marketers may not need to focus on content distribution to Facebook, but certainly look to motivate their audience to share in all social channels.
2) Content marketing is extremely valuable. Brands need to get their marketing departments to evolve from traditional marketing communications to storytelling communication.
3) Compelling pictures and videos win audiences.
4) Think about numerous channels where content can be delivered to your users. (For example, I just did some research on a particular target audience for a brand and found out the targets were most active on Google+ and LinkedIn.)

When push comes to shove, pushing and shoving does not work in social media. Deliver compelling content YOUR AUDIENCE wants in the places that are likely to turn the best results. Think about having your own media repository and using social channels to distribute that content. Have others share it on social channels and be the place for conversations and engagement.

Make It Happen,
Social Steve

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Filed under brand communication, brand marketing, content marketing, Facebook, social marketing, social media, social media marketing, Social Steve, socialmedia, SocialSteve

Does Experimentation Belong in Social Media Marketing?

It is really not a question of if experimentation belongs in social media marketing, but rather a question of where experimentation belongs in social media marketing.

social experiment

As I have stated many times, social channels are a very busy place for brands to be heard and rise above the noise. Just about every brand now has a social presence. So the question becomes, if everyone is doing it, how do you make sure your brand is seen, heard, and stands out. “Me-too-ers” will never be successful due to the abundance of brands vying for audience attention on social channels. Thus, innovative experimentation is required. But do not just throw things out there in a wild adventure of experimentation. There are some steps you should take to create some boundaries for experimentation. Let’s review the fundamental steps to deliver successful social implementations.

Social success really comes down to the intersection of two factors. First and foremost, you need a complete understanding of the target audience you want to reach. This understanding is a combination of a) a set definition of the target audience demographics, b) deep insights to the audiences’ behaviors and usage patterns in digital, and c) constant listening to the targets to gain a timely perspective of what is relevant in their daily lives. Social success starts with a customer centric mentality.

The next step in developing a successful social implementation is capturing the brand position, value proposition, and communication tone. Re-look at the marketing definitions of your brand.

Once you have the target audience and brand persona formally documented, look at the intersection of what the audience is looking for, and what your brand wants to communicate. This defines content memes for your social brand. Make sure you stay customer-centric. Too many brands push their agenda. If you want to be successful capturing awareness and building advocates in social media, you must be sensitive to your audience motivations as opposed to pushing corporate agenda.

Now that you have the basis for your social strategy, plan, and implementation, you should experiment with clear differentiated content and engagement approaches in social media. Doing the pre-work prescribed above provides calculated boundaries for experimentation.

I started this article by asking if experimentation belongs in social media marketing. Let me say that the answer is a resounding yes. You will never stand out in a crowed space unless you are seen as innovative and different. I have worked with many brands (big and small). When a client asks me for a business case supporting a recommended strategy and plan, categorically I know the client will never accomplish success in social. This request identifies a me-too-er that is implementing social because everyone else is doing it as opposed to truly focusing on winning over an audience. The most successful social implementations were not driven by previous business cases. They were innovative by first understanding their audience, and then doing something not previously done. Case in points – Old Spice, Dove, Red Bull, and Skittles. All of these brands experiment and buck the norm to produce compelling approaches that captivate large audiences and receive positive responses.

So the bottom line is that you must experiment in social media marketing. Have an umbrella methodology as described in this article to take calculated risk. Be innovative and do something not done before. Stand out. Measure results and tweak implementations based upon audience results. Experiment. Be different. Stand out.

Make It Happen,
Social Steve

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Filed under brand marketing, marketing, marketing plan, social marketing, social media, social media marketing, Social Steve, socialmedia, SocialSteve

Understanding the Place for Always On Social Media and Promotional Social Media

Does your company have a set, defined social marketing strategy? One that addresses growth or promotional times AND also includes a plan for keeping users engaged over the long haul. You see, driving significant likes and followers is completely meaningless unless those people you have gotten to like and follow you have actually stayed engaged with your social property and get your brand’s posts. If you keep up on Facebook’s newsfeed algorithm you will know that is it getting more and more difficult to get your brand post to show up on users’ newsfeed. That is unless you are willing to pay for a promoted tweet. And is it really appropriate to pay for a social engagement? As a brand sometimes yes, but definitely not as the norm.

Social Marketing Success

With this in mind, let’s breakdown social marketing to two sub categories – always on social and promotional social.

Your social strategy should start with a definition of continuous always on listening and monitoring, content production, distribution of content, and engagement. Who is your target audience? What do you want to convey to them and discuss with them that is most compelling to keep them engaged? How will you make sure that you get information to them on a daily bases (or most of the time)? What is your messaging and content strategy? It is important to have a plan of keeping your audience connected after they have opted in to your social channel.

Let’s review some terminology. For Facebook, they are moving away from the “People Talking About This” parameter and moving to “People Engaged.” People Engaged (found in the People tab for Facebook page administrators), is the number of unique people who’ve clicked, liked, commented on, or shared your posts in the past 28 days. “Other Page Activity” (in the Visits tab), includes Page mentions, check-ins and posts by other people on your Page. “Engagement Rate” is the percentage of people who saw a post that liked, shared, clicked or commented on it.

These are the numbers that really matter. Not the number of likes for a brand page. Yes, you need a decent amount of likes for the important evaluation parameters to shine. But “likes” is just a starting point. If you have a strategy for keeping your audience compelled and interested, you will see strong engagement numbers. You will also see nice continuous incremental growth of followers.

Thus, social promotion is the start of execution for social marketing. Not the start of social strategy. Your execution has to be well planned and executed after you do a social promotion.

So promotional social does come with some cost. Usually, a sweepstakes, giveaway, significant discount, or donation to a worthy cause (as perceived by your audience) is used as a promotion to have a high impact lift a brand’s social following. Paid media is also required to help promote the program. Social promotion is best used when the brand determines a significant event is about to happen. For example, a product launch, new packaging, seasonal drive period, etc. Social promotion should be used as an extension of an overall marketing promotion.

Social promotion is likely to drive some sort of spike in your followers. This will definitely make executives happy. But you should not be content with these results. Your success should be significant fan growth followed by continuous high levels of people engaged and engagement rate. You should be looking for quantifiable success of “always on social” following social promotion. Not just success from promotional social. In the words of a very successful media tycoon, “win big or go home.”

Make It Happen,
Social Steve

Footnote – I know many of you reading this article, a) get it, and b) are frustrated that others in your company do not. It has been hard for you to get your point across and find the right words to explain. Suggestion … please share this article … maybe it will help to get your concerns across from an objective source.

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Digital Technologies and User Behavior Change What it Means to Be a Brand

If you look on Wikipedia for the definition of a brand, you find that it is the “name, term, design, symbol, or any other feature that identifies one seller’s product distinct from those of other sellers.” But as a marketer, I think it is much more important to think of what it means to be a brand in terms of your target audience.

Thus, I define a brand as a promise made from a company to its target audience with regards to the product(s) it sells. A brand is defined by characteristics such as quality, features, availability, and overall user experience. When done right, every single aspect of the brand definition is lived by and delivered by every employee of the company.

brand and digital

But a funny thing happened along the way. Knowledgeable marketers started using poetic justice of communication and claims of the product/service sold by the company and stretched the truth. All this in an effort to increase sales. In some cases, this resulted in members of the target audience reacting and purchasing the brand. If shoppers were unhappy, they would stop buying the product, and maybe even tell a friend. The user did not believe “the promise” and reacted. As this plight has continued throughout marketing and advertising of brands, it has spawned an overall skeptical outlook by people with regards to company claims and advertisement belief. This cynical perception did not happen overnight. It took a good 50 years or so of “Mad Men” to drive this behavior.

Fast forward to today’s world. How do people react when they feel they have been misled by product claims? How do they react when they have a bad user experience? More and more users are sharing their product experiences. Whether it is sharing with their entire network on a platform like Facebook or broadcasting it to the world on a platform like Twitter.

The promise is still part of being a brand, but it is exponentially more important today.

So now that you understand the change, let me describe for you the gigantic immense problem this creates. The stretching of the truth that companies get caught in is a big problem, but it really is not the biggest problem. The key problem today is that companies have lost their ability to build brand AND engage appropriately in the digital world, simultaneously. Too many companies treat branding as one activity and digital/social marketing as a separate implementation. Company executives need to take responsibility of this detrimental scenario.

How many companies have a responsible leader in place with experience, business knowledge, and creativity to build and retain a brand COUPLED WITH experience, business knowledge, and creativity to drive successful digital marketing? The answer to this question is very few. And even worse, the fact that brand marketing and digital marketing are siloed exacerbates the problem.

The debacle up from this problem shows its ugly face daily. There are numerous companies that do not reinforce brand positioning through their digital implementations. The people running the digital channels are most often blind to what it means to carry out a brand voice and imaginary through social engagement. Many companies do not have a digital engagement strategy that centers on upholding the brand persona.

And adding to the challenge is the fact that brand position is equally in the hands of the audience as well as the company’s hands. The audience has a voice that is stronger and moves faster than ever before. You need to have a strategy and a plan that addresses how to leverage this audience rather than ignoring their voice and power that is carried in the digital world.

I think it is imperative to understand how the world of a brand has changed due to the technology changes and more importantly, human behavior. Every company needs a leader that has the skill set to address the change. Through my experience, I have worked with companies that do not want to address the change head on. Working the corporate environment and being a positive change agent has become a slippery slope. I would not go so far as to call the two a dichotomy, but together they are definitely challenging.

It takes bold, strong, experienced leaders to navigate a company due to the real and significant changes that technology and user behavior have created. The outcome of these changes cannot continue to be ignored or swept away. Whether it is fear, lack of skill set, or don’t rock the boat corporate mentality, it is no longer acceptable to keep brand marketing and digital marketing siloed. The future of your business depends upon it.

Make It Happen,
Social Steve

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4 Investment Musts for Social Media Success

As I talk to many new and potential clients I am constantly reminded that most companies do not know what it takes to be successful using social media. I think we are finally at the point where most believe they need to incorporate social into their business, but it feels likes the early 90s once again. In the 90s, most companies (and investors) knew that they needed to get on the Internet bandwagon but had little idea how to make it work for their business. Jump forward to 2014. Most companies know that they need to leverage digital and mobile technologies to increase their social capabilities with their target audience, but few know exactly how to invest.

Do we still think social media is free?

Social Media Investments

As I thought about the content for this article this week, I came across a headline “Marketers Lack Social Budgets, But Investments Growing In 2014.”

According to a Forrester study, “Some 28% of marketers surveyed by Forrester admit not allocating a budget to social in 2013, and an additional 55% allocated a mere 1% to 10% of their total budget, followed by 28% who invest zero, and 11% who allocate between 11% to 20%.” Empirical data supporting my experiences.

Before I get to the 4 musts, let me just say leaving any of them out destroys the possibility for success. Look at each of them as a single base hit in baseball. If you do three of them (or have three singles) and not the produce the fourth, you leave three runners on base and do not score. All four investments produce a winning run – don’t fall short.

1) People – Probably the most important aspect of a successful social effort at a company is having the right social leader and supporting cast. With regards to a social leader, companies must invest in an experienced hybrid digital and traditional marketer. Far too many organizations put leadership in the hands of a young digital millennial that has no experience driving business objectives, or in an experienced marketer that has not kept up with emerging new media. As I wrote a while back, “When Looking for Your Company’s Social Media Marketing Leader, Consider …” a dual skill set and experience is a must. Once the leader is in place, you then determine other support staff required to meet needs and synergy.

2) Content – Brands must invest in the production of great content. Content should include articles, photos, and videos. If you want your brand to stand out and be shared, stellar content is your must valuable asset. Brands need to think like publishers and producers. Great content pulls your audience to your brand’s digital assets. As I have stated before, “Content Marketing – Social Marketing – You Can’t Have One Without the Other.”

3) Tools – One of the biggest challenges is scaling social. Social requires human intervention. While we look for human interaction, it is presumptuous to think that companies can engage with every member of their target audience. Marketing automation should not be used for social engagement, but I am bullish on using technology to assist in social execution. There are an abundance of great social tools to help companies with their social programs. I suggest staying on top of new technologies, as the social tool space is making great advances. But for starters, you need to invest in three types of social tools – a) social publishing which helps you plan content calendars, manages content distribution on your social channels, and provides analytics with regards to post click through, reach, engagement, and shares; b) social monitoring and listening tool that allow you to monitor brand and category mentions; and c) influencer tool that allows you to determine top influencers in your brand space to prioritize for engagement.

4) Integration – Social cannot be in a silo. Every marketing effort and every business initiative needs to have a social component. As you develop business initiatives, the social leader needs to be involved to determine how each element can be socialized to promote brand value and motivate sharing and advocacy. Social needs to go across all business strategies.

I have outlined the four investment musts for social media success. Now the question for you … are you ready to invest in all needed social elements to drive winning results or are you just dabbling in social because you feel everyone else is? Success demands commitment and investment.

Make It Happen,
Social Steve

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