Social Media

Scott Monty, keep running those fingers.

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I dig Scott Monty, yet I don’t really know him. Well I know him in a half-duplex sort of way.  I’ve seen him on YouTube.  He came out of the ad business, he’d contributed to Ford’s turnaround – a brand I’ve railed about and at different points lauded, and he has really done stuff — not just talked about stuff.  He got Ford CEO Alan Mulally not only to recognize the power of social, but to fund and personally participate in it.  

Mr. Monty’s first blog post, near as I can tell, was in Sept of 2006. He’s very prolific – running his fingers, if you will.  Mr. Monty posts a lot and shares a lot. His blog also contains what might be a new feature — I’m not sure – called “This Week in Social Media,” which is something a number of media socialist do.  Readers of WhatsTheIdea? know I refer to this as “Pasting.” Pasting other peoples’ links.  Pasters who do so while providing analysis are moving the ball ahead. Much love. Pasters who simply aggregate OPC (other peoples’ content) are moving laterally.  Most Pasters enjoy routing topics with numbers in them, e.g., “7 critical rules”, or “5 habits of…”

Mr. Monty is no Paster, he’s a Poster. He loves original content and has built businesses and his personal brand providing original ideas and content.  We loves us some Posters.  Stay original Mr. Monty. Peace

 

Trust. Search. And Ashton Kutcher.

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Ashton Kutcher is quoted in the paper today about one of his venture capital investments. “Turning social trust into commerce” was the word string that caught my eye.  To me this is the essence of social computing for marketers. And, so you know,  the social web is not just about commerce and marketing.  Sometimes social is just social.  But we all have to eat and we all have to buy, so finding trusted sources of influence is a key.

I met with an SEO marketing person yesterday about my blog.  It’s not really high on any organic search list.  Before the meeting I Googled “brand planning” and was at the top of page 5.  He wanted me to pay him a thousand a month but could do something for $500.  I needed to have more calls to action, more free offer boxes, more this, more that, meta flah flah flah.  He was right, but also wrong. Too much flah, flah, flah and I begin got lose that trust mantle Ashton talks about.  “But how many inquiries are you getting a day?” said he.  Not many. But that’s okay for now.  My approach trust building is not through the algorithm.  Not though black hat search or white hat search (Call too action: If you want to know what white hat search is, leave a comment or email me). I tend the garden every day.

For me — and I’m in a funny business — I sell by not over-selling and then making it easy to contact me.  I think this is good advice for everyone on the web…with or without a commercial enterprise.  That’s why Ashton has over 6M followers. He’s easy to contact. Ish. Peace!

The Ascent of Marketing.

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Back in the 1700-1800s (in the U.S.) if you needed stuff you either made it or went to the general store.  The Sears, Roebuck and Co. catalogue was the next marketing innovation (1888), showing pictures of products and published prices, allowing customers to purchase by mail. Among the 322 pages in the catalogue published in 1894 must have been products didn’t sell and had to be replaced. The birth of ROI? 

Television

The next massive marketing innovation was television. Television commercials which began in earnest in the 1940s became the most popular, effective form of advertising. But can you imaging trying to track sales to media and production back then in the very beginning? “Where’s the ROI? How do you measure this stuff?” Mad men. 

The Web

Fast forward to the Inter-nech. Banner ads and ad serving allowed us to count clicks. 2% click thru rates. Whoo hoo. Click to buy. Whoo hoo. But not everything could be bought over the web. (Discussion of that for another day.) CTRs diminished and web display ads became, so said the salespeople, a branding mechanism.

Social Media

Enter social media.  And consultants. When consultants out-number practitioners you know the market is in flux. The Altimeter Group, some very smart people let me just say, created a social media presenttion ‘splaining how to measure social media via a marketing analytics framework. Here are some of the measurables: share of voice, audience engagement, conversation reach, active advocates, active influence, advocacy impact, customer problem resolution rate, resolution time, satisfaction score, plus a couple of metrics tied to gathering input for product innovation. What’s not mentioned here, something Messrs. Sear and Roebuck might have added, is sales.  I love consultants ( am one) and the Altimeter Group is growing like a dookie, but until they and all of us tie these type of metrics back to da monies, we’re just making paper.

A smart client at AT&T once said to me, “we collect all this data now we have to do something smart with it.”  That’s business. That’s return on strategy. Peace!

Campbell’s Coulda Woulda.

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I’ve been a fan of Douglas R. Conant, CEO of the Campbell’s Soup Company, for a few years and today my fanboy status took a hit.  Soup sales fell for Campbell’s in it most recent quarter, missing analyst targets by one cent — and the stock price fell.

In a tight economy, inexpensive soup becomes a staple of the dollar-conscious.  According to reports, people are still buying the condensed soups and using them in meals prepared at home but sale of ready-to-eat and other condensed soups are flagging. Apparently there is just so much canned soup a body can take.

Mr. Conant who is leaving Campbell’s in July, noted that the sales problem is tied to lack of product innovation and the fact that new customers are not stopping by his area of the food aisle.  For a middle-American family of 5 who has eaten soup once or twice a week for a couple of years, pinching dollars, I can see why there might be some push back from around the dinner table.  I suspect a little recipe innovation, rather than product innovation might have been a good idea.  

This time last year, when business was cranking,  I reached out to the marketing department at Campbell’s and suggested a creative social media program around a “dinner for dollars” video property. (Can’t say more.)  I was told to take my idea to the suggestion box on the website. As Tony Montana might have said “Not look at chew.”  Peace!

The Diffusion of Advertising

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Advertising ain’t what is used to was (a little Southernism I made up). Creation of big selling ideas by highly paid creatives and marketing people, broadcast to millions via TV, radio and print was the ad business.  Today, thanks to technology, the ad business is undergoing a diffusion like never before. Digital agencies, though not yet offered a seat at the big table, are new and important players.  Google is the most profitable advertising agency in the world and Facebook is hot on their trail.  And when I say “mobile advertising” does any one company come to mind?  That one is going to be huge…but it’s still to play out.

Buy or Build?

Big traditional ad agencies clearly see the need to offer digital, social and mobile but are asking themselves “Do we buy or build?” Right now they’re doing both: hiring someone smart in each discipline and using them to select cottage industry players who are truly immersed.  Better than last year, which was all “Go out and get me a subservient chicken.”  Or “Find me those nerds who built the US Weekly Facebook poll.”

I’ve long thought that mid-size agencies were poised to win in this diffuse advertising world, but now I’m not so sure. True, they can more quickly parlay a powerful branding idea into a market-moving integrated campaign but the model may not be extensible.

Bud Cadell is right when he says the old ad agency model is broken. It will take open minds, forward thinking, experience, software, an understanding of brand building, and lots of money to fix the process. I’m of the mind that the successful model is more likely to come out of MDC Partners than WPP.  It will be fun to watch though. Peace!

4 Uses for Social Media

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Social media programs typically fall into four categories: brand building, customer care, promotion  and smiley noise.

Brand Building requires that a one actually has a brand plan (brand idea and three proof planks). So long as you’re creating and sharing content that is on-idea and embodies one of the planks, you are making brand deposits — caring about what your customers’ care about and at what you are great.

Customer Care is all about listening.  But this listening has created a cottage industry of kvetchers who have been rewarded for using social to air grievances, as I did this week when tweeting that my Nokia 928 has had to be returned 7 times due to a faulty ear piece.  The fact is, customer care is an important part of social when properly handled.  It also provides metric for the c-suite. And if a company uses it as part of a CRM program all the better.

Promotion is the top reason customers unfollow brands in social media. Data suggests 70-80 percent cite “too much marketing” as why they ban brands on Twitter or Facebook.  Again, many companies are conditioning the market to look to social for deals, just as they sometime reward kvetchers. Promotion is an important part of marketing,. It builds trial, helps hit slowed sales goals and creates rewards. But using social to fire hose freebies and to-fers is not a good lone use of the medium.

Smiley Noise is just what it sounds like.  People think it’s okay on social, because, well, it’s social. But smiley noise would never make it as an ad. It’s noise built pass along. Or to create likes. Or to fill the social air. Here’s some smile noise from Penn Medicine. 

 penn medicine tweet

Social media isn’t a static thing. It needs to live and breathe. It needs to be current and friendly but also important. Social doesn’t get the strategic oversight it should or the respect it should. But it will, oh it will.  Companies with real brand plans are the companies doing it best.  Those are the companies doing all the other stuff best, as well. It pays to have a plan. Peace!

Social Media Winning: Map and Manipulate.

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Do you know what is driving all the “free” on the Web?  Marketing. Not just advertising but marketing.  Why is Facebook so valuable?  Why does Google have more money than Allah? Where’s that money coming from?  Yep, Toyota and P&G and Verizon.

And as we glance beyond the dashboard at the future and see, as the iPad commercial puts it, newspapers with videos and magazines that sing, we see a world in which the Web and mobile devices are the primary instruments of marketers. The devices know what we like and where we are.  They know when we are sleeping. They know when we’re awake. Dare say, they know when we’ve been bad or good.

As the social web evolves and the big ad and marketing shops learn how to “map and manipulate”, it will become more apparent that people with influence are the drivers of marketing.  Kim Kardashian, for instance, earns $30,000 for a tweet.  To a tech start-up a Robert Scoble endorsement can mean the difference between being funded and being fun dead. So where am I going with this?  To Klout.

Klout is the new online oxy. It’s a drug…and more and more Posters will be talking about it. The Klout score will identify those people who advertisers want to target. And revere.  High Klout scores and predictions thereof will be the things around which ad agencies develop departments. Klout is on to something and they know it.  Get it right dudes and dudettes. And get it right soon before a competitors snaps it up. Peace!

Tchotchke Comms.

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An oft-mentioned Goodby Silverstein mission suggests they focus on “making stuff people care about.”  It’s not an uncommon mission these days, especially as more ad and marketing revenue is tied to buildables. For Goodby, this seems to be working as a mission. It’s fun and memorable. But the reality is, it’s the job of marketers to make stuff (products) people buy. Agencies, therefore, need to make stuff that encourage people to buy. Knowing Goodby Silverstein as I do, they get this. They get that caring is a first step toward buying. I’m not worried about them. But a cottage industry of shops has been allowed to grow up building tchotchke communications that get attention, likes and pass-alongs but are light on buy.

cash register

I love social media and digital marketing. Done well. I believe digital advertising has the potential to far outpace traditional, half duplex (one way) advertising because it puts at consumer fingertips the ability to experience all the steps to a sale in a minutes. This, thanks to devices, media twitches and mobile connectivity. But the main body of practitioners are not there yet. They are still focused on trying to make stuff people care about. And that’s a shallow view. Once they make stuff that make people buy – that’s when the whoosh is going to happen. Can’t wait. Peace.

 

Posters of Yore.

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I’ve bifurcated the social media landscape into Posters and Pasters. Posters are original content creators: musicians, artists, video creators, subject matter experts and bloggers. Pasters are the other 92% who curate other people’s stuff. Pasters share links.

But there is another group of social media cohorts that have been growing in importance over the past 8-10 years. Part poster, part paster, they have become a cottage industry. The Influencer. Influencers come in many styles and flavors so you know it is a thing. There are micro influencers. Nano influencers. Not to mention mega and macro, all referring to the CPM they are paid to post on their feeds.

But some influencers are tainting the waters. They’re all hat and no cattle as the Texas saying goes. They are more videogenic than thoughtful, truthful problem solvers. More entertainment than value. Ten years ago, the way for an influencer to make money was to monetize through a banner ads and newsletters. It was a craft. Today, they’re paid by ad agencies and product placement companies and have become a media channel all to themselves. (Oh, and they may also be buying their followers.)

Don’t get me wrong, there are a thousand of great influencers out there who put in the time, dedicate themselves to helping educate others, and sharing about the topic they love. The difference is, they are about the love of subject and intimacy with followers, not the CPM. 

They are Posters of yore.

Peace.

 

 

Staples on Twitter.

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 staples logo

A “social” friend of mine, Julie, turned me on to a Twitter site today that kinda follows one of my best practices for commercial tweeting. It’s Staples.  I preach to clients and friends that corporate users shouldn’t just broadcast promotional info and/or respond to help questions on Twitter. Rather, they should create a persona for their Twitter presence that embodies the brand and inspires positive thought and action. Think of it as a role in a movie with a motivation. The motivation should track to the brand plan and push the brand planks.

In the case of Staples, the “tweet team” consists of five people, each with their own tag. Michelle is MO, Kevin AB, etc. This allows them to be identified and personalized, plus it shares the workload. At this point, I’m not yet sure if these people are SMEs (subject matter experts) or generalists.  It would be a smart if they had discrete areas of expertise and personalities to fit. 

Buy and Multiply.

More and more companies are hiring people to handle social media.  Some are outsourcing (stopgap), others using interns (big gap), the smart ones employ senior management who get the brand strategy.  The big promise of Twitter is not to make customers happy – one at a time – but to inspire customers to buy, share and multiply.  The key word here is inspire. Tweeters have to be engaging individuals…with personalities.  And just like in a retail setting they can’t be shills. They must be sensitive, funny and friend-like.  If you are on the receiving end of a commercial tweet you need to “feel” the company tweeter – and like her/him. The persona is key.

Staples has made a good start here, let’s see hat they do with it. Peace on Haiti.