Tag Archive for: Social Media

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.

News Update – Best of the Day

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Is Social Media a sales tool for retailers? A study by Forrester Research and GSI Commerce says Social Media has almost no influence on online purchasing behavior. The survey shows that social media rarely leads directly to purchases online — less than 2% of orders were the result of shoppers coming from a social network. The question is what the ideology of Social Media is for companies… and there are examples like Threadless that can deny such studies. If retailers see it more like listen-to-act approach, pre-selling, sensitising and serving their consumers, then they will be successful in also selling through Social Media.

C-Level is engaging in Social Media! A recent study by Useful Social Media – State of Corporate Social Media 2011 – gives us some compelling charts that describe the trend how the C-Level increasingly gets into Social Media.

Although the European managers are still not completely behind the Social Media vision, the following chart suggests that it won’t be long until European senior C-Levels understand the advantages of Social Media.

How does the future of shopping look like? Mobile will definitely play a massive role for the consumer 2.0, or 3.0?! Where can I get the best bargains? Which company or retailer has the product I want in stock – now and not in 5 days? Sumi Das explores the “ultimate personal shoppers” of tomorrow.

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Study: 70% of Facebook and Twitter Pages from brands don't rank in Google

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BrightEdge recently uncovered with a research project that social profiles of most leading brands don’t rank well in Google. Although many companies still invest a lot of their budgets in SEM/SEO activities, most of them forget to increase their social media presence from a search results perspective.

The research reviewed 200 of the world’s top brands for their social media presence. Most of the those brands, nearly 100%, stay on top or near the top ranks for their brand names on the SERP’s. However, a high percentage of 71% did not have their Facebook pages in the top 20 results. For Twitter it showed more or less the same result: 68% of the brands surveyed were not amoungst the top 20 results of the Google SERP’s.

“Brands today are pouring countless resources into social media channels and are creating great content that will help them engage with consumers, optimizing these for SEO purposes is a crucial way to drive exposure. Brands may be missing critical customer connection points if consumers can’t easily discover their social media pages in search.” Jim Yu, CEO, BrightEdge

Interestingly enough, there seems to be no necessary correlation between the number of friends and followers and SERP rankings according to the analysis of various social media pages that the BrightEdge surveyed. For example, the Facebook page of a leading photography brand did not perform in the top 20 search results, although more than 160,000 were fans of their Facebook page. On the other hand, a leading auto manufacturer with only 17,307 fans had a Facebook page that ranked in the top 10 of search results.

The least effective brands at optimizing Social Networking sites are coming from the finance and insurance sector. Only three of the top 43 companies had their Facebook pages rank in the top 20 search results. In comparison, retailers were much more successful: 13 out of the top 23 retailers surveyed were found in the top 20 search results.

Spot On!
Brands could argue it is more important to find your homepage or branded pages for products or services in the top search results. Social Media experts might see this different as some of the main brands invest a lot of their branding activities in the leading Social Media sites at the moment. Especially, under the aspect from last year’s report that some big brands reported to loose their traffic on corporate websites to Facebook, the search impact for brands might become more and more important in the future. Would you agree?

News Update – Best of the Day

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Some day sago, I have written about the changing atmosphere since social media monitoring companies are moving into the CRM sector. Andrew Hunt discusses the issue if “Sales is killing Social Media?” and explains how B2B sales is changing from both sides: Customer are at least “spectators” according to a Forrester study. The question is when companies are changing their sales process to a “listen and engage” model for the old “speak and push” format, where he refers to an interesting insight from OgilvyOne about the future of selling.

A recent Penn State research claims that updates on Twitter, Facebook, LinkedIn and other real-time content sites could be worth more than 30 million USD a day, or nearly 10.9 billion dollars a year, to advertisers. The study was based on separating duplicate searches from unique search terms. Then, the research determined the value of the real-time search terms by using Google Adwords Traffic Estimator.

Start the day with a smile and don’t invest in the wrong portfolio… Nice commercial from Invesco.

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The Social Media Effect (Infographic)

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At the moment, it is cool for companies to create their own infographic. Every day, there are many of those in my timeline and becomes harder to track what is good and what is for the bin. This visualization from InfographicWorld explains nice and easy the process of sharing that pushes people to a snowball effect and makes them spread your piece of content.

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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Cebit Interview – Über die Zukunft der Arbeitswelt

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Die Arbeitswelt verändert sich. Die Menschheit fägt sich, ob Social Software, Social Media, Social Networking oder Web 2.0 harte Arbeit ist, oder die Produktivität der Businesswelt an den Abgrund treibt. Geht es nur um die Erhöhung des persönliche Reputationsindex, des Personal Scoring Index, oder ergibt sich nachhaltige Lead Generierung -erst kürzlich als Salestainability umschrieben- und neues Business einfach selbstständig aus Gesprächen?

Wenn man zum Interview auf der Cebit von IBM eingeladen wird, kann man in ein paar Minuten nicht alles sagen, was man gerne sagen würde. Man kann auch keine 3-Säulen-Strategie im Detail erläutern, die man in der Zukunft als essentiell für den erfolgreichen Einsatz des Social Web für die Webstrategie eines Unternehmens ansieht.

Ich wollte im Interview so verständlich wie nur möglich auf die wichtigen Trends und erfolgversprechenden Taktiken eingehen, die sich abzeichnen und teilweise heute schon gelebt werden in der Businesswelt. Hoffen wir, mir ist es gelungen…

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Die Idee der Visualisierung meiner Gedanken von Anna Lena Schiller während des Interviews finde ich sehr gelungen. Sie greifen den Gedanken des Personal Web Managers auf (links oben), sowie die zukünftige zentrale Herausforderung für den Einzelnen, einen 24 Stunden Tag so effizient mittels Social Software zu nutzen wie einen 36 Stunden Tag.

Der IBM Social Business Channel gibt im übrigen noch weitere Einsichten diverser Vordenker im Social Web. Ich empfehle sich auch die Meinungen mal anzuhören bzw. anzusehen.

Nun interessiert mich eure Sichtweise der Zukunft der Arbeitswelt. Wie stellt ihr euch den Arbeitstag von morgen vor? Was fehlt euch heute, was wünscht ihr euch morgen? Bin gespannt, auf eure Gedanken…