Although the world is discussing how Pinterest becomes the next Social Media rockstar and how it will revolutionize the world of social networking, it might be worthwhile seeing how far Google+ has become a valuable social networking platform for business.
Chris Brogan and the guys from Blueglass have created a nice infographic which give some good insight and tells you why Google+ is the place to be and why business pages are taking networking to the next level.
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There is more and more engagement how the police is using Social Media to solve their tasks. Some weeks ago, we showed how the Police used blogs to create awareness around crime topics and cases.
Now, another infographic was published by the Criminal Justice Degrees Guide. The infographic illustrates how Facebook played an essential role in solving 20 criminal cases. With Facebook it becomes more interesting for the Police to track down gangsters and cyberstalkers by posting inappropriate status updates.
We have heard that 1 in 3 of the younger generation will their online shopping via their mobile phones. Now, another study shows the power of recommendations around the holiday season. Mr. Youth did some research among 4.500 shoppers and found how Social Media could become the game changer in Christmas shopping in 2011.
Some key findings… and marketers better listen up now!
– 80% of Social Media users who received feedback did a purchase afterwards
– 66% of Black Friday sales were a result of Social Media interactions
– 52% of Social Media users are willing to pay more for brands they trust
– 36% of Social Media users trust brands that have a Social Media presence
How about you? Are you relying on your friends, fans and followers recommendations this holiday season?
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The IT company IBM were the first to make brands aware of the perception gap between what customers want from brands on Social Media, and what companies see as necessary. Some new studies from the Chief Marketing Officer Council and Lithium make clear that this perception gap widens.
What customers want…
The CMO Council asked 1,300 customers from around the world in a multiple-choice study. They discovered that 67% followed or liked brands to receive discounts and special offers. 65% replied that they connected with brands in order to get access to games or competitions while 60% want to connect with other customers.
What brands see…
The astonishing fact is that when the same survey was held with 120 CMOs (chief marketing officer), the results showed similar figures with the IBM study: Only 33% of the CMOs believed that their Social Media fans and followers were engaging with the brand for some kind of incentive or reward. Even more, just 27% understood that their customers were after exclusivity in terms of experience and savings.
Spot On!
Social Media is not a top three priority for one in ten CMOs. The reason is not changing for years probably. 67% said a lack of time and resources makes up for their poor efforts. This is even more amazing when we consider that 72% of the customers use Social Media to connect with brands. AND: 80% are more likely to try a product based on a friend’s recommendation on Social Media, which probably means a Social Network. There is no explanation that could make sense for this Social Media ROI (=Risk of Ignorance).
PS: This little infographic illustrates the digital divide between customers and brands.
Have you ever paid a blogger? Paid for your content love? I mean not for writing some good PR for your business. Just for them being bloggers, sharing valueble content, thoughts, ideas, and providing new food for thought. In some days you can do that. The “Pay a Blogger Day” is here to come. Some thoughts that came to my mind with it…
Some months ago, Flattr started their outreach program to bloggers. And some months ago, they were on their way to revolutionize the monetization of blogs. Those days, the Flattr button went live on my blog, and in every post. I rewarded blog posts, and got some rewards. Just the way Flattr works. They had the idea for the “Pay a Blogger Day”.
On Flattr Cents pass from bloggers to bloggers to… Well. Companies never paid anything. They have the biggest budget pockets though. And I asked myself if bloggers want companies to engage in the monetization process, or if reputation is of higher value for them. And why should companies pay a blogger for something they produce for free. Still trying to figure that out…
Some blog posts generated some Cents immediately through Flattr, never enough for some nice ice-cream in a week though. Somehow the activity to “donate” for a well-written piece of thought or idea felt like an act of charity. Some Cents felt like a pat on the shoulder. Sometimes, I discussed with bloggers if that is encouraging, or frustrating? Every blogger argued differently about this gesture. Many were not convinced. I have seen not many buttons on blogs since.
And often when I wanted to spend some Cents, those bloggers did not use Flattr. So, my reward for them often ended in a Retweet. Maybe Retweets are the killer of positive blog comments…
The main problem many bloggers saw in Flattr was that it will be challenging to get attention for this payment theory outside the bloggosphere. Sounded like: “Bloggers will pay themselves and thus reward their work within an inner circle of the blogging community.” One of the reasons why I finally decided to remove the button from my blog.
Now, Flattr starts -in cooperation with Bambuser, Twingly and Posterous– the “Pay a Blogger Day!” on November, 29th. They intend to start a movement with the mission “Give something back to bloggers!” A good idea…
How to reward a blogger’s work?
If I may inspire you -companies, marketers and managers- with reward opportunities for bloggers, then maybe you want to read this…
a) Companies that have used shared knowledge to improve their business could write a reference quote for the blogger why and how they benefit from reading a blog. It could be a comment, tweet or a blog post on their blog. Just be creative…!
b) Managers that have used shared knowledge for their career purposes could send a present when they think the blogger has deserved it (does not need to be on the “Pay a blogger day!”). A flower (digital or real), a freebie of your products or an invite to a paid for workshop about corporate blogging. And hey, chances are high, bloggers might write about it. Just be clever…!
c) Marketers that have used shared knowledge for their campaign ideas could start thinking about whether they shovel money into a print grave, rely on TV reach or hope for radio commercial payback. Maybe they want to start sponsor a blogger who is worth it as they act like brandvangelist, testimonial or brand advocate for a brand or company. And why are not many marketers trying to make use of bloggers in the offline world? Just be curious…!
d) Followers, fans, “plusers” and bloggers that have used shared knowledge could start discussing the monetization of their work in an authentic collaborative manner. Do you want banners ads, text links, affiliate programs, brand advocate prgrams, or…? What is authentic blog monetization? Or is it reputation only? In short: money, products or reputation currency like Floout.me?
Here is how Flattr wants to inspire you to reward a blogger…
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Think about the thoughts and then start acting! I am sure, bloggers know how to say “Thank you” and all bloggers would love to see some of these rewarding opportunities. Right…?
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The last two weeks I have been on the road in Germany, Austria and Italy, and it was great being in the offline world. Speaking engagements and panel moderations with real people, virtuals aside most of the time. Sometimes I went online in the breaks but did not know what to post or what value I could share with my social graph. Sometimes as there just was nothing exciting. Sometimes as time did not allow it. And to be honest, I did not even have the creative spirit between webinars and seminars for my quality standards. Productivity had to come to a rest.
I just preferred being quiet. And guess what: It does not hurt! Probably nobody missed me. My messages. My input. My sharing.
Often I just reacted. Saying “Happy One!” to my friends or business partners. Giving quick feedback on questions I was not even personally addressed. People liked it though. And I realized how great it is to work with teams that appreciate the ideas and thoughts you give just them without sharing every joke or funny story straight away. I found that approach of doing conversation and being productive quite “social” last week.
Stimulation instead of penetration.
At some stage I wanted to participate and be more active in the conversations with my social graph again. So I checked Twitter what’s up. In the first five tweets I found the video below which was a perfect kick-off for the training I had the pleasure to do. A big insurance company had offered me the chance to train their coaches and internal personal (executive) consultants on Social Media strategy.
I started off with the video below and I can assure you: We came back to the message of the video, the tactical ingredients and the strategy topics at least 25 times in two days. And I told them again and again… “Don’t forget the “Social” in Social Media! Let’s be honest: How often do we forget it?
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While Vitrue just found out how to get more “Likes” and engagement on mobiles, another new study by Nielsen/McKinsey’s NM Incite shows what the real value of “Likes” is. Although many brand marketers are working on the ROI, most companies still try to find some more value in the social engagement of consumers.
The Nielsen/McKinsey’s NM Incite global online consumers’ research states that the main reason for following or liking a brand or company on social networks is to receive discounts and special offers.
“While some may argue that consumers’ interest in discounts has faded, Nielsen data shows the desire for deals is still strong worldwide,” concluded NM Incite.
The results correspond with the study by ExactTarget and CoTweet from last year. The former study made clear that 40% of brand fans like a page predominantly for their doscounts and promotions.
The new NM Incite finds even higher figures. Almost 60% of US social media users visit social networks to receive coupons or promotions. And even more, 23% do this on a weekly basis. 45% of North American consumers had the strongest interest in using social media for deals, followed by consumers in Asia-Pacific (34%) and Latin America (33%).
Social deals hunters “Like” at home and at workplace
For most people it does not matter whether they are at home or at their workplace when using the benefits of the Social Web. A sample of ten major markets shows that nearly 40% of active Web users check coupons and rewards sites such as Groupon, Coupons.com and Living Social from home and work computers in September. However, there are respondents -under the age of 20 and 55- to-59-year-olds- who were less likely to follow brands for discounts. Here friends’ recommendations are the drivers for social engagement.
Spot On!
“Social deal hunters” are obviously also visitors of social networks and blogs. NM Incite found a strong overlap. In their test phase in September, 43% of visitors to social networks and blogs also visited a coupons or rewards site. And, 44% of Facebook’s audience and 63% of Twitter’s audience visited these deal sites. The study concludes that Facebook becomes a key source of traffic to Groupon and Living Social. Groupon’s and Living Social’s visitors came directly from Facebook. This also shows the link between deals and social networking sites, and how companies can motivate consumers to deals.
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Facebook is not new? Well, correct… Facebook is complete new! It writes our lives…
I just realized how Facebook ruled my last three days offline and online…
On Tuesday, I was shaking hands with Carolyn Everson, (Vice President, Global Marketing Solutions) after her presentation on stage at the dmexco Conference 2011. Yesterday morning, I enjoyed an espresso with Scott Woods, Commercial Director DACH at Facebook. In the afternoon, I was moderating a panel on engaged consumer advertising strategies. Topic: Facebook. Obviously, Facebook was one of the main topics we discussed…
The main three changes for me…
– the massive lead picture – reminded me of a former Myspace design.
– the two frame structure – offers a quicker overview on personal infos, updates, activities.
– the missing picture gallery – enables people to do some personal or company branding with these pictures. Cool!
The main three “Likes” from me…
– The coolest feature is the Timeline. If Google is changing our brain, then Facebook is pre-writing our autobiography.
– People can be creative in terms of the mixture of their conversational ingredients – text, video, audio. This makes a profile colorful and lively, apart from finally understanding that we do not “LIKE” everything – we shop, we act and we like!
– It is much easier to see which updates were uncool and not engaging. Kill them to make your profile look conversational. Aren’t we kind of authentic…?
Facebook wants to get away from throwing sparks in our days – it aims for long-term relevancy. It wants to be the ever-lasting spark. Our memory…?! And when we are old, we won’t tell our grandchildren stories of the past. We will say… Just read my Facebook days!
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Steven van Belleghem from Insites Consulting is presnting findings from a global social media study with 9.027 consumers (age 15+) across 35 countries, representative for the online population for their counties on age, gender and e-commerce in Europe, the US, Australia and some of the biggest Asian countries like China and Japan.
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Is this a good sign for the acceptance of social media in the business world? The use of Twitter as a business and marketing tool has increased from 31% to 61% among Europe’s top business leaders, finds a recent study by CNBC.
Even more, 61% of the business leaders see the growing impact of Social Media. They believed Social Media was changing the way their business is done today. 77% of the business executives have Facebook accounts (from 81% in 2010). LinkedIn gains tracktion from 52% to 56%.
The study polled 650 European business chiefs as part of their CNBC Europe Mobile Elite 2011 survey. The idea was to get more knowledge about the use of the latest technology features in the C-Level area of companies at work and in their free time.
Although the increase of Twitter popularity among business leaders is obvious, the busiens decision makers admit that the are unable to keep track ith the latest technological innovations. Apart from that, another study some weeks ago showed that they are also not sure how to leverage Social Media for business.
The most popular device is the iPhone which 21% of the business chiefs call their own now – up from 19% in 2010. Similar numbers gets the Blackberry in terms of popularity – an increase from 18% to 20%. The iPad is also becoming more popular among business leaders, with 15% of them now owning one.
“In a rapidly changing world, Europe’s decision makers are challenged with not just keeping up with technology change, but also ‘driving change’ within their respective sectors. Throughout 2010, Europe experienced some the most advanced innovations in mobile technology the region has ever seen.” Mike Jeanes, Director of Research, CNBC EMEA
Spot On!
The CNBC study states the importance and changing development of mobile use for the business decision maker. The message is that websites will continue to lose value against apps on mobile devices among business leaders. News apps are the most popular application segment for the respondents. 75% of respondents said they use them followed by weather (54%) and social networking (39%). The study makes clear that top management is trying to get in touch and keep up with the pace of technology innovation. However, time still seems to be their biggest enemy…
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The 
Is this a good sign for the acceptance of social media in the business world? The use of Twitter as a business and marketing tool has increased from 31% to 61% among Europe’s top business leaders, finds a recent study by CNBC.