Tag Archive for: Marke

What is Social Media? – Famous quotes from the istrategyconference Amsterdam

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After the first day of the istrategyconference in Amsterdam, I briefly wanted to share some insights in how Twitter caught some famous quotes about “What is Social Media?”. The people who brought these quotes up in their presentations, or the people that (re-)tweeted those might forgive me if I am not quoting and linking back to every single tweet, or Twitter account where it came form.

Why I am not quoting? Apart from having to listen to Power Point presentations, the challenge for presenters and moderators is to attract the attention of a crowd. And for the audience it is becoming more and more some massive workload to do multitasking, and participating an offline event in a 2.0 manner. A thought I have explored in a German post, and definitely need to translate when I find the time for it.

“Sometimes it makes you mad to listen to speakers and keynotes, write tweets, and respond to mails and Facebook at the same time. Not to mention blogging… How do you handle this?” A question I asked my friends on Facebook today. And I know from studies that multitasking is becoming more difficult the older we get, and that we are only able to do maximum two things at the same time. I don’t know how you see this but participation 2.0 is nearly impossible if you want to be share the way people would love you to do it.

This is just a random collection of different quotes that shows how Social Media was defined at the conference. Maybe you add some more quotes…?!

“Social Media is like sand: you can play with it and have fun but sometimes it gets into your underwear and becomes very annoying.”

“Social Media is like gardening: the real hard work starts after the seeding and planting.”

“Social Media is like … a dance with the right music (content) and partner (fan). It never needs to end!”

“Social Media is like an icecream, it’s delicious, everybody wants it, but it melts if you are too slow.”

“Social Media is like teen sex. Everybody wants to do it. Nobody knows how. When it’s finally done its a surprise it’s not better.”

Spot On!
In the B2B SocialMedia panel, which I had the honor to moderate and talk to Ed Bezooijen (Citrix), Paul Dunay (Networked Insights) and Menno Lijkendijk (Milestone Marketing) I also mentioned a quote that I think is going to be the main challenge for B2B marketers in the future. The relationship of content, distribution and perception which was (and in my eyes still is) the advantage of publishers to other content producers and curators. Publishers have all three of these as main pillars of their business…

“Content = King – Context = Queen – Community = The Empire”

If you see it different, tell me. If you like it, do so. If you want to add something, go ahead…

PS: THX to a great team from istrategyconference in Amsterdam for the good organization and the diner yesterday night.

News Update – Best of the Day

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IBM just recently published their study “The State of Marketing 2011”. The study that asked 300 online and direct marketers from different companies, industry sectors and sizes gives some interesting insights.

– Marketers are not only trying to go “measurement, analysis and learning”. The next challenge will be “IT support of marketing needs”.
– Marketers see technology as the key to productivity (let’s bear in mind it is an IBM study).
– Marketers see an integrated marketing solution as the driver of future business. 87% stated interest in a marketing suite that is better integrated.
– Marketers trust in Interactive Marketing. 57% adapt inbound marketing tactics (personalized targeting/messaging) for their Web activities.
– Social Media Marketing stays a challenge. 53% use it currently for their efforts but have to justify their workload with it now.
– Marketers love web data. 92% appreciate the value and importance of Web data. Most of them don’t apply the data to their campaigns though. Just one third thinks they are effective.
– Mobile Marketing is increasing. 43% use it currently for their tactics, 23% planning to start this year.

Craig Hayman, General Manager of Industry Solutions at IBM Software Group, talks in a Forbes interview about IBM’s conclusions from those study findings.

How Social could meet POS? Just look how PepsiCo’s Social Vending System offers full touch screen interactive vending technology, “enabling consumers to better connect with PepsiCo brands right at the point of purchase”. The prototype of the Social Vending System debuted at the National Automatic Merchandising Association’s One Show in Chicago last month. The question is if people really would share their contact details with a machine (humanization of companies?) but the idea is great. Just imagine you could log in with your Twitter account and share with your network how enjoyable it is to have a “Coke” now. I am sure the brands would love you then…

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The next wave of the new Passat commercials also surprises with another nice story (although not as brilliant as the Darth Vader one). If I was a surfer, I would have a closer look at those who are jumping in the sea with their boards with me…

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News Update – Best of the Day

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Marketers see many studies like one of the Morgan Stanley reports which state that there are more social network users than email users. And especially in the B2B sphere the research makes clear that 80% of business buyers today say that they find their vendors as opposed to vendors finding them. Tony Sambito writes advices that compasnies and brands plan for the Social Buyer before it is too late. I absolutely agree with him…

Business decision makers often ask me how much I think Social Media goals have to be linked to business goals to drive success. A new report, “The State of Social Media in Credit Unions: Opportunities and Challenges,” from 187 credit unions of varying size and composition across the United States and Canada now allows some insights in that question. According to the study, companies using Social Media with more than two years of experience are the most likely to report success (57%), while those that have three months or less are least likely (17%).

Still thinking what will be the Social Media trends for this summer? Tim Gray has an answer for you. Find the 5 trends that he advices to watch out for. Location based topics, group buying, “swiming in the stream” (social stream), social search and mobile. Don’t know if this is really social only but still good in terms of your web-strategy.

Google Survey: 39% US mobile users take their mobiles to the bathroom

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Google published a survey (in partnership with the independant marketing research firm Ipsos OTX) and present insights into how U.S. consumers use their smartphones. A video presents key findings from “The Mobile Movement: Understanding Smartphone Consumers”.

The research, conducted at the end of 2010 among 5,013 US adult smartphone Internet users, was meant to better understand how smartphones are used in consumers’ daily lives and how smartphones have influenced the ways consumers search, shop and respond to mobile advertising.

Some of the key findings of the study don’t show special new insights. However it illustrates that we are not alone anymore in our bathrooms any longer. We are taking our friends, business partners and our social graphs to the bathroom… by using our smartphones like we used to read our newspapers or magazines in the past. Google states that 39% admit to having used their smarthone while going to the bathroom.

Some more findings…
– 93% use smartphones at home
– 81% browse the Internet
– 77% do search for information
– 72% do parallel use of smartphone and other media (over 30% like watching TV)
– 45% use smartphone to manage their daily lives
– 20% would give up their Cable TV for using their smartphone

Obviously, Google wanted to find out how smartphone users access search via their mobiles. And no suprise there as well. Search is the leading website type accessed (77%). It helps consumers access information like News (57%), Dining (51%), Entertainment (49%) , Shopping (47%), Technology (32%), Travel (31%), Finance (26%) and Automotive (17%).

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Spot On!
Interesting from a marketer’s perspective is that the report actually finds that mobile advertising is engaging. The research states that after seeing an ad (on print, online or mobile) 71% of users search on their smartphones. A remarkable 82% of users notice mobile ads, and of those 49% purchase (!), 42% click on it, 35% access the website, 27% contact the business. This shows the new power of mobile marketing for companies and that marketers should have a close look at mobile marketing opportunities in the future.

PS: And if 39% of people use their iPhones in the bathroom, I don’t want to know how many use their iPads to read the latest news or watch a video, and how this increases the average “bathroom staying time”…

Study: For Boomers Optimism and Social Conscience of brands is key

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Marko Greitschus / pixelio.de

Are Boomers trying to be younger than they are? Are they just identifying themselves from a brand perspective with a more youthful mindset? Are they buying the latest product trends of brands? A recent study conducted by WPP’s The Geppetto Group states that adults -especially Baby Boomers- are seeking brands that mirror an optimistic feeling back to them. So in some way the study suggests that Boomers have a more sustainable perspective when buying brands.

The survey polled 200 men and women (35 – 64) to find out what drives this audience towards certain brands and how this might affect the purchasing decision process. The message is: We don’t forget those brands we had when we were young. Our personalities are closely connected with these brands – especially if these brands were associated with positive messages.

“Marketers need to ask themselves if they’re missing the boat when it comes to Boomers. Are they offering them optimism and social conscience, and are they identifying with inherent qualities of their youths? Think of the impact that kind of thinking could have for sports retailers or restaurant chains for instance.” Julie Halpin, Founder and CEO, The Geppetto Group

The study sums up three major findings that are important to know for marketers…

1. 66% of adults are looking for brands that express their personality

For the GenXers and Boomers technology brands express what their personality stands for. Especially if the brands are going hand-in-hand with expressing youthful qualities. Brands like Apple, Dell, Sony and HP were good reflections of their inner selves. And also Levi Jeans are still popular for them, not so much fashion brands like Diesel or Seven for all Mankind.

2. 57% of adults are challenging brands to surprise and delight them

The study finds that Boomers get exhited about brands that for younger generation might come along as boring. For Boomers brands like Swiffer, Keurig and Under Gear can be surprising again, the study reads. On this point I would have loved to get a clearer picture of how the argumentation

3. Optimism and (corporate) social ethics are important for Boomers

Are these values becoming more and more important, the more people experience in life? Is this because you think more about life, the older you get? The study states that brands that incorporate optimism and social responsibility in their messaging score 12-13 points higher for Boomers than for the Gen Xers.

Spot On!
Buying brands people always want to make a statement about their personality. Some to bolster their identity, some to define their personality – some to show off. Brands play a massive role in the process of self-definition in our global value system. If Boomers purchase products we used to think that trust and reliability plays a big role in the purchase process. The study now illustrates that the messages the “In” brands spread out, don’t necessarily reach the Boomers that are more aligned with the brands of the past, and might be embracing optimistic messaging than just running after the “latest and greatest” of the younger generation. For me it also makes clear that the value system of brands needs to be reviewed.

My quote of the year 2011

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Every year, you create a quote that you use either to explain your business, to justify what you are doing or to establish some kind of heritage for those that you think are interested in what you are saying.

Last year my quote was “Talking is online, silence is print!”. Although, I have had many tweets and many likes on this, there was also some critics coming with it… which is good. It shows that people think about the value and impact of the quote… and they start conversations. That’s what we want to initiate in business… not only with our social media activity.

For this year the quote will be about social media strategy…

“Community Strategy and Social Media is NOT a discipline. It IS an attitude to strategy in business.”

And before you start asking… By “discipline” I mean departments (like marketing, sales, customer service, HR, or other) that are responsible for using, handling, organizing and planning the business tactics around the brand, product line or service offering of business relevance.

… and now start discussing!

News Update – Best of the Day

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In the US, almost 80% of children between the ages of 0 and 5 use the Internet on (at least) a weekly basis. This is the results from a report by Joan Ganz Cooney Center and Sesame Workshop. The report, assembling data of seven studies, also illustrates the increasing parallel consumption of different formats of media at the same time. Some key findings: 60% of kids under the age three watch video online, 47% is the amount television accounts for those using all formats of media and 36% of kids between 2 and 11 use internet and TV simultaneously. It is also interesting to see how the use of mobile phones is on the rise in the young age target group. Of children ages 6 to 11, 20% own cell phones,
compared with less than 12% five years ago.

Stop talking to your mobile, talk to me! This could be the message that arises from a post that Rohit Bargava posted under the title “Overtweeting: Are We Becoming Socially Antisocial?”. And I think this is a valid question to ask ourselves these days: Is social media becoming a conversation killer and going against the odds of the Cluetrain Manifesto? I would say: No! It will just take some time to find the right balance. Let the hype period move on. Let people understand that the world is changing. Then we are becoming Socially Social. It is just a matter of accepting that the world is changing, that technology will become our bred and butter, and that we see how much more we could participate in information around people we know. Agree?

Old school versus new school. This was the motto when Mike Ferry met Matthew Ferrara at the Coldwell Banker Generation Blue Conference where they had an intense debate if “social media is stupid”…

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Study: Search and Social amplify purchase decisions

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One thing leads to another. Today we could transfer this quote to: One search leads to another social activity, and vice versa. And this interconnection of web-strategy tactics amplifies the user’s purchase decisions.

A new study from GroupM and comScore states that 40% of consumers who search for products to purchase are taking a social activity as a next step to finalize their buying decision. And the activity can be seen from the other direction as well: 46% of consumers who use social media are searching for products to expand the basis on a product range to take a decision.

58% of users begin their journey to purchase with search. Company websites come in at 24% and social media by 18%. The opinion of “friends” on the purchase decision is highly rated in social networks and cannot be underestimated these days from brands and retailers any longer.

The study reveals interesting insights in the time period that make the essential change in the buying decision process. The “late kick” comes 30 days prior to purchase when brands and companies have to engage with their audience – and can leave search tactics behind. A difficult topic to handle in the B2C industry but for B2B very helpful.

“There are still many brands who haven’t figured out why they’re in social media. We still talk to brands that are trying to determine if they should be in social media. The data suggests the two most important subsets in social are user reviews and category blogs, rather than sites like Facebook, Twitter and YouTube.” Chris Copeland, CEO, GroupM Search

Some important findings on how social and search are linked together…
– 86% see search engines important in buying decisions – Consumers use search in buying cycle as a pricing tool (research products and select purchase location)
– 45% use search throughout the buying cycle
– 26% use search at the beginning of their research and shopping process
– Social is essential in the consideration process
– 30% use social media to create a shopping short-list
– 28% say social media has a valuable impact in creating awareness for brands and products

Spot On!
The study shows the impact that the combination of social and search have on the purchase decision. The challenge for companies will be to understand in which way to balance their tactics between search and social in reference to seasonal sales timing, marketing opportunities while not destroying maximum margin, and customer loyalty programs to amplify brand buzz. Another study by econsultancy also illustrates how undervalued social media and search are from a sales perspective. The study says that Social Media “gets eight times less credit for its direct contribution to sales than it should” and “Generic SEO gets credited for 14 times less sales than it deserves”.

What comes first when you take buying decisions? Search or Social? And how does it amplify your buying process? Interested in your thoughts…

News Update – Best of the Day

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Wait or step ahead? It is a question of long-term strategy versus short-term tactics and planless activities most often in companies. Corporate sustainability is it’s new term. That difficult management question was put in front of 3000 executives who gave feedback. The results now can be seen in the study called “Sustainability: The ‘Embracers’ Seize Advantage”.

Some of the key findings…
– General benefit: 70% of the ‘Embracers’ see their sustainability initiative helps outperform competitors, compared to the 53% of the cautious adopters who thought the same way
– Revenue benefit: 66% of the ‘Embracers’ indicate that sustainability has added to their profit, compared to 23% of cautious adopters
– Management guideline: 52% of respondents say sustainability is a “permanent” part of their corporate management agenda
The message of the study is: move early, communicate sustainability, let everyone make it happen, measure it and communicate expectations.

Chris Brogan shares some interesting insights in the future of the marketplace. He sees them distributed, mobile, integrated, subscription-based, weblocal, and “global for the little guy”.

It is funny to see how companies use “speed” as a unique selling point… Coke & Mentos guys have harnessed the explosive power of these geysers: What happens when you combine 108 bottles of Coke Zero and 648 Mentos mints can be viewed in this video…

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Do we have to talk about "conversation"…?

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It’s the basis of humans living together. It’s the essence of people getting in touch with each other…, and finally doing business together. It builds the fundament of collaboration, of cooperation. It’s the breath of the age of social. What is “it”…? Well, it’s not rocket-science. And still it seems to be the never-ending challenge for companies, for brands, and especially for people who are running the business. It is… conversation.

“Often I wish people understood the word “Conversation” – To start a successful collaboration we must learn to lose fear of networking.”

Do managers really have to talk about “conversations”?
Yes, we do! Don’t you agree? And we all know why. We are getting sad about the way managers (don’t) encourage themselves to engage in conversations. How often do managers not respond to a written letter? How often did they not pick up your phone? How often have they not replied to emails? How often not shown any reaction to Facebook, Twitter and the likes?

Hello managers – wake up! There is somebody trying to have a conversation with you? You cannot argue what somebody wants before having listened to them, can you?! Ignoring is so easy and it happens so often. You can do better. You can participate. And your words have significance when you take part in a conversation.

How will traditional managers get new inspiration? How will they generate new connections? Yes, conversation is the answer…

Do brands really have to discover how to do conversations?
Yes, they do! They need to figure out what they want to be: person or economic construct. Active or passive conversationalists? Motivator or creator? Former sender or modern vendor? Brands might build a consitent dialogue but only value their opinion, playing according to their rules. Listening is where relevance brings brands back in the driver’s seat, and not making them sit still and beg that the driver (who ever that consumer is) knows the way towards to the targets.

Productivity, creativity, innovation, thought-leadership and ROI counts for brands. This M&M philosophy often goes straight against lose conversation. Brands have been shaped and formed around formal structures (organisations and meetings), planned grouping (= not Groupon but agendas), lead work-flows (step-by-step approach). In earlier years, conversations came with a coffee break, some biscuits, a cigarette on the floor. Conversation today comes with an email, a tweet, or a status update on LinkedIn at your desk. And they appear different in character and tonality, “the conversation mode is changing” as Eric Schmidt called it at the DLD11 in his augmented humanity speech.

How will brands find innovation in the future? How will brands get response to products and services? Yes, conversation is the answer…

Do companies really have to reinvent the human dialogue?
Yes, they do! Companies are made from (and made by) people. People always had not enough time in their lives. Conversations cost time. Time builds trust and drive efficiency. Email took us time, too. We had to learn how to communicate online. Not now anymore. We know how it works. It is just a different platform or technology every crucial department of your business will be using in the future, called Facebook, Twitter, Groupon, Quora or blogs. They will control our marketing efficiency, our sales opportunities, our upscale, our revenue sheets. And we won’t even know, when we don’t embrace and value the conversation on the social web.

Power to “processes, people, potential and possibilities” means opening up our mindset to a new way of conversation. A way that shows the value of starting the talk. A way that shows clients how companies rate their review, input and sharing of brand messages and product conversations. Customer just want to get the feeling that it is not a maschine out there they are buying from. They want to see the personal human touch that makes mistakes, laughs about themselves and answers when getting questions.

How will companies renew their strategy, their tactics, their visions…? How will companies build products that their customers want? Yes, conversation is the answer…

Spot On!
Conversations are the basis of your future business-strategy, as well as your web-strategy. This is nothing new, you knew it before. Companies have them multiple times every day. Brand can get engaged in them every minute on a day in the future. And you even more. Every minute you can have the chance to have conversations today. The only difference is that conversation is also happening online – not on the phone, not via fax, not via mail, not on the floor, or in meetings. You just have to embrace conversations… it is that easy.