Best feature of social networks? The Pick-a-boo effect…

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pick-a-booDon’t we love to play this game with kids because we know how happy it makes them… Pick-a-boo. But as adults using social networks: What is it that makes us happy? Some weeks ago, I asked some friends of mine who in turn asked friends of theirs as well as their colleagues: What is the main benefitial feature of social networks? The most frequent answer that came up was the ‘Who has been on your profile lately’ feature which goes along the lines of ‘The Pick-a-boo’ effect.

Now, what does that mean ‘The Pick-a-boo’ effect’? Well, people register in social networks in order to get in contact or connected with peers, (old) friends or humans that are (or might be) interested in them or/and their work. The tricky point is that there are people in the world of social networks we don’t want to contact any longer, in the future or in general. Nevertheless, we still love to take a peek as we wonder if they are still interested in us, what they are up to and what impact is driving their lives. It’s kind of human vanity and curiosity thing. We want to compare ourselves with them, want to check out how ‘sexy’ our online (and offline) reputation is – not only in terms of business life. We want to play Pick-a-boo. We are there and everybody in social networks knows that, but we are not visible all the time. And, we would love not to be visible for everybody when we are looking at people’s profiles who appear not to be relevant for our life. But we’ll pop-up from time to time to stay ‘up to date’.

So, we make us accessible and available in social networks for those who are also users of these networks. As we don’t know the size of the target group of people who is interested in us, we want to find out about it. By this we are making the ‘ego-community’ transparent for ourselves. And most of us ‘social medians’ are eager and would love to know that, wouldn’t we? Some networks have acknowledged this desire of being famous and our nasty habit of being vain. And they satisfy our need and desire for that with great application features supporting this pick a boo effect: status updates, birthday calender or ‘contacts of your contacts’.

No matter if you are a sales person, a recruiter or a consultant. We all want to know how a person looks like after making a call, or attending a meeting or a conference. And we all want to know more about them, either because it facilitates a second conversation or because we would like to recruit someone or sell something. The more we know, the easier the effort. Playing Pick-a-boo has become standard.

The active Pick-a-boo
Let’s identify the active pick a boo effect in social networks. We try to find the person or/and go to a profile page, x-ray the contact or find out details on his mentality, personality or hobbies. So, we take a quick look at the profile and then we are off again. Sometimes, we might be going there for a second or a third time before getting in touch with that person. And the funny thing is: We know that the other person knows that we have been visiting their profile page. Is it because we want them to do the first step. Or we ‘pick-a-boo’ just to let them know, someone is interested.

The passive Pick-a-boo
The passive benefit of the pick a boo effect lies in the feature ‘Who has been to your profile’ application or widget. Although a paid service feature on some social networks (XING and LinkedIn), it is probably the most viewed or reloaded feature of active social ‘medians’, those users who have access to it. Why is this ‘pick a boo’ application so attractive for us? We can…
… receive transparency on the ego-community
… monitor the quantity and quality of visitors to our profiles
… identify our ‘personal branding target group’
… evaluate our job market options
… see how often Google is used for ‘Recruit-Googling’
… see who ‘delivers’ good contacts to us
and finally the best of all parts: Via the passive pick a boo effect, we can contact people and definitely have a starting point for a business and/or private conversation.

Spot On!
Seeing all these benefits of the Pick-a-boo application ‘Who has seen to your profile lately’, it surprises me that the biggest network of all, Facebook, still doesn’t have this application feature. Or will it be coming with the announcement of becoming a paid service platform? We will see…

Curious to hear your view and experience on the Pick-a-boo effect in social networks?

Twitter: BBC Interview with Evan Williams

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In London the talk of the town in the internet industry and in bars yesterday was the BBC interview on Newsnight with Twitter founder Evan Williams – the first interview that he has given in the UK. And it is no wonder and not surprising that there was so much buzz around this interview. The UK loves social networking…

On Facebook profiles the British country is the number one in Europe. Every third person in the UK is registered on Facebook (16,4 mio. people). And now London is also leading on Twitter accounts. On Twitter accounts the UK in general is coming in second place – just after the US. Even Williams cannot give an answer on the hype around his micro-blogging service, neither for the UK nor in general.

But he had a good answer on the latest critic around Facebook and Twitter from the arch bishop Vincent Bishop who has been blaming the social networks as “dehumanzing communities”:

“I wasn’t aware of that. I think it is kind of silly. (…) It’s about humans connecting with each other. And often in ways they couldn’t otherwise.”

Spot On!
It is a bit of a shame that there was no question on Twitter’s monetization strategy or their verified or business accounts plans. Or some more information on how he sees the Nielsen study on Twitter demographics. Sometimes it is more important to celebrate a status than focusing on good journalism. Somebody standing next to me in the bar said to his friend: “Who is that trying to be my friend on Twitter. Just got to know her by accident. Anyway, she looks nice… Added!”

In the bars the people were celebrating a lot yesterday. If this was because they are the social networking leaders in Europe? Anyway…

Long life to the Queen!

Study: How women use blogs and social networking…

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A recent study Women in Social Media from BlogHer, iVillage and Compass Partners, shows that the motivation of women using blogs and social networking differs. Blogs for women follow the purpose to find the right information while social networking platforms have the ‘mere’ sense to connect.

The results state that US women are nearly twice as likely to use blogs than social networking sites. Blogs are seen especially valuable as a source of information (64%), advice and recommendations (43%), and opinion-sharing (55%). Social networking sites are more used to share their strong affinity to connect and to entertain themselves.

Women show much more interest and increase their activity in social media. So, women are turning to blogs (55%), social networks (75%) and online status updating (20%) to satisfy their interest.

The new study found that women spend less and less time engaging in traditional media activities like watching TV, listening to the radio, or reading magazines or newspapers.

And for women blogs are becoming more and more important as a trendsetting and purchase sources of information. Seeing the influence of blogs on purchase decisions, the study makes clear that women are more likely to buy a product after reading a customer post or reports about the item. 45% of survey respondents bought a product after reading about it on a blog.

“The scale of social media usage among US women continues to grow, and blogs remain the go-to resource for those who want to gather information, share ideas and get reliable advice,” said Elisa Camahort Page, BlogHer co-founder and COO. “At a time when the economy is top-of-mind for more than 70% of these active social media participants, women who blog are turning to online resources, including blogs, to help them make their day-to-day purchasing decisions.”

Spot On!
The influence of blogs on purchase decisions shows the importance for companies to evaluate blogs as a new important part for their media plans. Reading about the habits and attitudes, the study revealed that half of the survey respondents participate in social media activity daily and weekly or more often. When we think of the 42 million women participating in social media weekly, 55% of women do some form of blogging activity; 75% participate in social networks (i.e. Facebook or MySpace) and 20% are using Twitter. The data provided shows the change in the media landscape. While traditional platform face a decrease of importance, social media is on an all time high. The time seems right to rethink traditional and digital media planning.

Study: Twitter used as a learning tool – not for ego-boosting

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According to a recent study by the research firm MarketingProfs in early and mid-April, the main intention to use Twitter is learning in more or less real-time, then comes social networking benefit or pushing the ‘digital ego’.

The results of the study revealed that almost…
– 100% of the respondents said they value “getting information in a timely manner” and “I find it exciting to learn new things from people”
– about 80% like to be connected to lots of people.
– 70% answered “I find it gratifying to have people follow me,” and “I want to generate new business.”

The question that divides the Twitterati population is if a large number of followers makes you more respectful, or not. On this statement…
– 39,9% strongly or mildly agree
– 45% strongly or mildly disagree

Seeing the large number of followers as a perception of intelligence was tested with the question “People who have a large number of followers are smarter than those who don’t”…
– 81,7% strongly or mildly disagree
– 5.9% strongly or mildly agree

In the eyes of Evan Williams, CEO of Twitter, the benefits are …

“Twitter lets people know what’s going on about things they care about instantly, as it happens” (…) “In the best cases, Twitter makes people smarter and faster and more efficient.”

And yes, Twitter is turning around the media world if we look at the eMarketers summary ‘Twitter tally’.

Spot On!
But, hold on… One question makes me think about these results of the MarketingProfs study in combination with the authenticity of the answers and the first idea of the micro-blogging tool. The question “I feel bad when I tweet something and nobody responds” was answered as follows…
– 52,7% strongly or mildly disagree
– 24% strongly or mildly agree
– 23,3% neither agree nor disagree
Now, if Twitter is like a mobile phone for text message dialogues, meant to communicate with followers we like and rate, is this communication not going back to being a monologue then? So, are we really sending out some kind of information just for the sake of informing others? Don’t we await an answer if we send a text message with a mobile phone? If we tweet ‘I am in the tube’ or ‘Just got breakfast’, then probably nobody expects anything. But not if people are writing scientific papers of 500-750 words – and then tweet the headline and the link. In my opinion Twitter is moving from a communication tool to some kind of personal branding tool. Otherwise, we might ask: Why do people spend an average of 2¾ hours per day on Twitter (average using time for Twitter according to study!), instead of being productive, picking up the phone or meeting up with clients for lunch or in the bar? This is real communication, and not limited by 140 characters. And if someone has written the scientific paper it is on the web, it’s public, so if people are interested, they will find it. But Twitter spreads the word much faster. And is not this the reason why people love and use Twitter?

UK: Internet users love browsing social media – less shopping

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A recent study by Hitwise reveales that UK Internet users are spending more time browsing online media than ‘going’ online shopping. In March 2009 9.8% of all UK Internet visits were directed to social networking websites and 8.6% to online retail websites. Compared to 2008, the figures turned around (online retailers 9.7% – social networks 8.2%).

In the passed year, online retailers sawe a downsize in traffic from paid search like sponsored or paid for links on search engines (i.e. like Google, Yahoo!, Live and Ask) – 2009: 8.9% and 2008: 10,1% of visits to online retailers came from a paid search listing.

“The growth of social networking, online video and the continuing popularity of news websites has meant that an increasing proportion of consumer’s online time in the UK has been devoted to online media,” commented Robin Goad, Hitwise’s Director of Research.

The traffic that Facebook, Twitter, MySpace, YouTube and the likes generates for online retailers increased in one year from 5.2% to 7.1%. And social networks now generate 58.3% more traffic than webmail providers (Hotmail, Yahoo! Mail and GoogleMail). The best performing categories in 2009 were Auctions, Fashion and Department Stores.

“Social networks are a relatively small but fast growing source of traffic for online retailers,” commented Goad. “At present, only a minority of retailers pick up a significant amount of traffic from social networks, but many of those that do have seen a positive impact on traffic. For example, fashion retailer ASOS has a strong presence on Facebook and in March received 13.3% of its traffic from the social network. Another example – in a very different market – is online bookseller Abebooks, which currently receives a quarter of all its UK Internet traffic from social networks, more than it gets from search engines.”

Spot On!
Is this showing a trend that people are willing to buy products in social networks? In the UK, it sounds possible. It could be the next step. We all know that the easy purchase process is a winner – for companies and customers. Thinking of the future of social networks, companies should consider engaging with customers much more on social networks while also integrating ‘light’ e-commerce opportunities in their Facebook Fan pages or in their company profiles at XING. Or at least indicate and lead the way for customers to some good offers or marketing activities. And re-thinking efforts on big spendings for paid search is definitely something that needs to be thought about…

Will Facebook tackle Google? Doubt it…

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The investment bank RBC Capital Markets sees Facebook in three years leading the online market – and leaving Google behind. Their argument: traffic. When watching the Google traffic, it becomes obvious that almost 20% of the Google traffic comes from social networks, RBC thinks.

Facebook is growing and growing, in January Facebook had already 175 million users. In the last months the average increase was somewhere at 20 million users a month. Now, the investment bank’s outlook says that if the increase stays stable, Facebook could be facing more unique users than the online giant Google in 2012. At least Ross Sandler from RBC Capital Markets states that…

Isn’t this statement a bit overestimated?
So, is traffic the right argument? Which platforms really does drive traffic here? How does Facebook drive traffic to Google? Where are the Facebook links that push users to Google? The ‘back button’ cannot be so powerful, right?! Search? Ads? Back-links? What else? Sorry, I cannot find the point…

There is no Google search box on Facebook. Maybe it is the social graph that has it’s effect on targeting, personalization or the digital identity of users might influence the power of Facebook on Google in the future. But traffic sounds like an superficial invalid argument, don’t you think…

Twitter Ads: Thoughts on the test

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Now, there has been a lot, a lot, a lot of thoughts and talk lately on how Twitter will be making money. Finally, Twitter is experimenting with a new revenue model as Techcrunch tells us…

First, it seemed like a nice idea to promote their own service (i.e. widgets and search), which I thought is the case. This well-placed add-on feature makes it easier to work with Twitter, especially heading towards their search site, when you are not using any of the helpful Twitter apps. And there were also some good thoughts on Twitter becoming a search engine and as how this will be a driver monetizing their business. But Overture (now controlled by Yahoo), has patented placement of text ads on a search results page. So, this was probably a difficult pitch.

Now, back to what is happening, see the black box on the right hand side on ‘Widget’…

It is obviously really a ‘simple’ test for some solid revenue stream generating business, we all are familiar with via Google text ads. But can this be an appropriate test to recall on revenue models?

The two test objects, Twitter search and the above mentioned Twitter widget link, belong directly to the Twitter concept. It offers some immediate navigation benefit to the user. This is what users are after for a long time. Thus, ‘Twitterati’ will click on the links and appreciate the easy way accessing their search service. So, the results Twitter sees with the test don’t reflect in any way potential click rates on text ads as these are dependent on results.

Isn’t there a difference if you promote some internal service or feature, or if you run a promotion from some external party or company? In my experience, in terms of text ads, and those generating results, we can definitely say, there is a huge difference on the click rates. Hence, on the conversion rate clients will find the difference as well. Editorial focus is not comparable to advertising, reaching out for awareness, right? And as clicks is the interactive currency ‘No. 1’ for marketers and convergence their need, according to yesterdays CMO report, the test sounds like comparing apples and oranges.

Spot On!
Nevertheless, the test is worth some thought. And just imagine Amazon and Twitter are getting engaged, the business model becomes clear based on some semantic web thoughts: connecting Amazon’s product catalog by connecting tweets and related products. Someone talks about a film and gets an offer from Amazon in the text ad. Or maybe Yahoo could be the new ‘Who is buying Twitter at last’ as they could compete in the long-tail market. In general, Google could finally face a competitor here…

Nielsen: Facebook best in reach, MySpace in ads

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The recent Nielsen study ‘Global Faces and Networked Plazes‘ focuses on the increase of social networks in terms of worldwide reach and extension. The results emphazise the rise and importance of communities but also the dynamic of the intention to grap more market share.

Talking of reach, Facebook -the worldwide leader in the social network market- is showing the strongest user base and has replaced MySpace as the world’s most popular social network. Classmates comes in third, followed by Orkut and LinkedIn. The reasons for the facebook success are obvious. According to the study and Nielsen measurement, the win of the Facebook tactic is based on the ‘simple design, broad demographic appeal and a focus on connecting’.

Reports estimate that in 2008 Facebook earned around $US300 million in ad revenue compared to around $US1 billion for MySpace. If Facebook has made a conscious choice to go for the quantity vs. quality strategy it has yet to overtake MySpace in the all-important revenue metric.

So, monetization is still not Facebook best business activity. MySpace attracts more advertisers and gets twice as much campaigns than the ‘Zuckerberg team’.
The Nielsen view on the reasons is that “MySpace’s offering possibly makes its inventory – of which there is a lot more compared to Facebook – easier to monetize, particularly in terms of immersive advertising.”

Finally important, the use of social networks has outdated email as the first way of online communication: 67% of the users show a regular activity in communities.

This is a Twitter wake-up call! Well done, Jim…

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Some days ago, I read a comment on another blog moaning “OMG – not another Twitter post!” Bearing this in mind, I now reply with a post to Jim Connolly’s clever decision. The marketing expert who deleted over 20.000 followers some days ago.

So, my comment is…’YES, a critical Twitter article – finally somebody did it.’

One of our editors asked me the other day: ‘Why would you use Twitter?’ I replied…

Imagine you have a mobile phone.
Imagine there is nobody in your address book.
Imagine you have forgotten all numbers.
And, what is the value of your mobile phone in this case? That’s were you start to twitter…

So, I thought about the comparison and came to the conclusion. There is a big benefit of a mobile phone compared to Twitter. The communication barrier which is called the ‘Dial’ button. Although you have a lot of people in your business ‘communication network’, you just talk to them actively when it’s the appropriate time. But people love to listen to Twitter in a passive mode. This is becoming a critical efficiency issue…

Jim summarizes about his future Twitter balance… “BUT this time, I am only following friends, clients and contacts, (which will be quite a large number in itself.)”. Yes, he is popular and back at far more than 500 followers again…

Spot On!
Let me ask… Do we all know what the critical topic with Twitter is? It can be a ‘time thief’ where we spend hours killing the efficiency of our productive work output by trying to invest in our knowledge, in our vanity, in being the first to know and in our ‘trendsetter image’? Ah yes,we can learn a lot from Jim’s decision. It’s a wake-up call, not only for the Twitterati…

Company Reputation & Monitoring

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Im Sinne des Reputation Managements müssen Unternehmen heutzutage wissen, welcher ‘Buzz’ im Web über sie und den Mitbewerb geschrieben und diskutiert wird, sowie welche Informationen ausgetauscht werden.

Um hier den Anschluss nicht zu verpassen, gibt es zahlreiche Plattformen (siehe Bild), die das ‘Monitoring’ einer Person,eines Brands, von Produkte, des Mitbewerbs und der extrem dynamischen Social Media Welt ermöglichen. Marketing Pilgrim hat diese in zwei Post zusammengefasst. Hier die übersetzte Zusammenfassung in Kurzform…

Die bekanntesten Monitoring Tools
Amazon: Neu und gefragte Produkte via ‘tags’ beobachten und dann ähnlich ‘tags’ beobachten. Gut für Produkt-Management und Entwicklungsteams…

Blog Comments und Backtype: Die Kommentare auf Blogs zu verfolgen, ist schwierig und aufwendig. Auch wenn ein Post positiv ist, kommt er gerne auch mal als negative Nachricht rüber. Über diesen Service verfolgt man die kompletten Kommentare. (RSS-Feed!)

Blogpulse – Conversation and Trends: Links von und zu Blog Posts sowie Key-Word Tracking auf Blogs.

Delicious: Online Bookmark Service, der Bookmark-Sharing ermöglicht und zeigt, wenn jemand ein Bookmark setzt, welches ihre Firma beinhaltet -am Beispiel iPhone.

Digg und Reddit: News, die beliebt sind, machen hier das Rennen und wer den RSS-Feed eingestellt hat, folgt den Nachrichten über die eigene Firma.

Flickr: Mitarbeiter veröffentlicht ein ‘Top-Secret’ Produktfoto? Foto von Top Manager im Bordell? Wenn der Firmenname auftaucht oder der Name einer Person, zeigt der RSS-Feed das an.

Google News: Nennungen ihrer Firma im Main Stream Media Konzept. Firma eingeben, sortieren der Ergebnisse nach Datum und dann RSS Fed aktivieren.

Google Blog Search: Die Bloggosphäre ist aktiv und Google Blog Search bildet meistens alles ab, was in der Social Media Welt ‘pingt’. (RSS-Feed!)

Google Patent Search: der Name ist Programm – wer seine Patente schützen und den Mitbewerb beobachten will.

Google Alerts: Kein RSS Reader-Liebhaber? OK, dann eben per Email alle Informationen rund um Firma, Produkte, etc. tracken und in die Mailbox bekommen.

Google Trends, Trendrr und Trackur (letzterer kostenpflichtig): Was sind die meist gesuchten Keywords? Sogar auf Länder und Städte eingrenzbar…

Technorati und Brand Mentions: Alles,was sich in der Social Media Welt und Bloggosphäre abspielt, lässt sich hier schnell finden – auch, wer Backlinks setzt…

Twitter: Wer die Suchmaschine von Twitter nutzt, kann sein Brand, Produkte, den Mitbewerb usw. bei seinen Twitteraktivitäten im Auge behalten. Für die RSS-Hasser gibt es alternativ TweetBeep.

Wikipedia: die glaubwürdigste Wissensadresse im Web. Was wird an ihrem Profil verändert oder jemand versucht, zu ihnen führende Links zu entfernen? Der RSS Feeds meldet sich…

Yahoo News and Moreover News: Schneller Firmen-, Mitbewerbs- und Branchen-Nachrichtenüberblick mit RSS-Feed Modell.

YouTube und MetaCafe: siehe Flickr auf der ‘Videoebene’… – am Beispiel ASUS

Weitere nützliche Monitoring-Tools
Boardtracker: Blogs spiegeln nicht immer die hochwertige und hintergründige Kommunikation – Foren und Message Boards schon eher. Wenn ihre Firm ain einem Thread genannt wird, kommt die Nachricht per RSS.

Compete: Suchanalyse hinsichtlich von Keywords – auch um den Mitbewerber und seine Strategie auszumachen.

Edgar Online: Wie steht es finanziell um den Mitbewerb (eher USA)?

Facebook Lexicon: Auf dem derzeit angesagtesten Social Network können Sie checken, welche Key Words auf Facebook verstärkt genutzt werden. Keotag: Wer nutzt welches Tag. Cool ist es vor allem, wenn man Firmen findet, die ihre Firma und ihre Produkte taggen – oder gleich zahlreiche Firmen sieht, die die gleichen Tags nutzen.

my ON-ID: Für das Business entscheidend, ist ihr guter Ruf hinsichtlich ihrer persönlichen daten im Netz, den die Plattform regelmäßig ‘monitored’ – mit dem netten Nebeneffekt des Eigenmarketings.

oodle: Falls der Mitbewerb an die Mitarbeiter will, findet man hier die Stellen der Personen auf die man selbst besonders achten muss.

Seeking Alpha: Der ‘Lauschangriff’ via Conference Call Transkripten bei Aktiengesellschaften…

upcoming.org: Hinsichtlich Veranstaltungen auf dem Laufendem bleiben. Beispiel: web strategy

User Name Check: Auch wenn man nicht weiß, was man damit tun, aber den Usernamen sollten man haben.

Spot On!
(Fast) alle Monitoring-Tools sind kostenfrei! Welche für das eigene Business sinnvoll sind, muss jeder selbst entscheiden. Auffällig ist, was man mit Google alles machen kann (und was Google damit alles monitort)…