Tag Archive for: Social Media

News Update – Best of the Day

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About a year ago, a Robert Hall study showed that 55% of CIOs don’t allow the access to social networking sites like Facebook and Twitter. This year’s study shows that the IT policies are changing to stricter guidelines…
– 38% have implemented stricter social networking policies regarding personal use of social media sites
– 15% have become stricter regarding business use
– 17% have become more lenient

Strategy& published its “Marketing Media Ecosystem 2010” report which sees a significant necessary change away from a “traditional marketer/client – agency – media company structure” to an economy that needs to change the pace of adopting new marketing tools towards a new marketer to end user relationship.

The key findings show the relevance of reference marketing…
– 88% agree the speed of marketing execution will become more important due to digital
– 80% believe insights into consumer’s digital behavior and related targeting will become more important
– 55% of users see consumer recommendation more important than pur brand knowledge
– 59% lack sufficient experience with digital/online media
– 51% do not have adequate senior support for digital

This commercial from Jack Rabbit Beer might be made for male humor. But it is more the chronology of the narrative time that makes it funny.

News Update – Best of the Day

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Those who see and embrace the modern social web world will understand the 7C’s by Umair Haque, Director of the Havas Media Lab.

“Social media strategy fits inside a marketing (business, corporate) strategy, and is shaped by it. Social strategy fits outside business and corporate strategies, and shapes them. Social strategies are about rewriting the logic of the industrial era entirely, shifting gears in how we think, envisioning a broader, more powerful, more challenging use of social tools. They are about developing the capacity to understand an organization’s role in society, and how to play a more constructive one, wielding sociality as a source of advantage — by acting radically more meaningfully than rivals. Social strategies are about reinventing tomorrow.”

These words correspond as a long version format with the interview I have given to the Internet World some months ago (German only).

In order to improve your online sales tactics, here is a clear cut approach by TJ McCue how to improve your website sales efforts. He shows us some good and bad examples of online sales communication.

This funny insurance commercial from the Bangkok Insurance is excellent. It is showing the probability (0,00000001%) that your next unexpected accident or thunderstorm will not end without the need of an insurance company…

Study: The importance of cross-channel sales

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Most companies wonder how the purchase funnel looks like when consumers evaluate products they think about buying. A recent study from ATG helps: 30% of consumers reach out to more than three commerce channels to research a product and make a purchase. This shows that retailers and merchants need a broader cross-channel approach to boost sales and enhance customer purchase decisions.

The consumer study found that more than three-quarters of consumers use two or more channels and nearly one-third work with even three or more channels to research and purchase products. While we have all expect that mobile use and social media find their way into consumers’ online commerce activities, it is surprising that traditional catalog channels are still popular.

“Merchants have heard the call for a stronger cross-channel strategy for many years, but what has been lacking is a deeper explanation about why this is so important. We are seeing a multi-channel revolution now, with a vast majority of consumers using multiple channels and now almost one-third actually relying on three or more channels to complete transactions. Retailers must direct their energy toward fulfilling the unique role and sales potential of each channel. This research illuminates the expectations consumers have for the Web, call centers, the store, catalogs, and email.”
Nina McIntyre, Senior Vice President Marketing and CMO, ATG

The key findings of consumers’ cross channel experiences…

– 78% use two or more channels to browse, research and make purchases; 30% said they use three channels or more

– 78% of all consumers say they use catalogs to browse and research products or services at least four times a year BUT 40% of those consumers never purchase products or services through catalogs.

– 43% start their research online or with mobile devices. BUT They need to call customer service or call center representative to complete the transaction because the product or service information cannot be found online!

– 39% browse via the online or mobile channel and then make purchases in the store because they prefer to touch and feel the product – reason for 36% is product and brand comparison

Interesting findings on mobile commerce (emphasis on the 18-34 age)…

– 27% of all consumers 18 and older use their mobile devices to browse or research products and services at least four times a year, and that number jumps to 41% for the 18-34 year-old age group

– 13% of all consumers 18 and older and 23% of the 18-34 age purchasing at least four times a year via their mobile devices; 8% of the later are doing it weekly

Spot on!
The study highlights how important it is to link online and offline sales communication and give the customers the same purchase service in multiple channels. It will always be difficult to understand where customers make their final purchase decision and where they finally buy though. This additional study by Google underlines the trend for an offline and online purchase decision mix. One things is for sure again: The need for more awareness around the incorporation of commerce activities in social networking sites like Facebook, MySpace, and Twitter is gaining momentum.

News Update – Best of the Day

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The paradigm shift friom nubers to relevance become more and more important – and the user’s social lifecycle puts tables upside down in business – by Mahendra Palsule. When I talked about the importance of relevance some years ago, people laughed and said, this is never going to happen as numbers are key for business… Ah, yes…!

Social networking sites are popular with eight to 12-year-olds. 25% of underage children have profiles on social networking sites, according to research by media regulator Ofcom.

Come on you social media gurus! Let’s all have a laugh… Shall we?

Study: Comparison Twitter vs. Facebook

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A recent study by Irbtrax, a SEO Internet Marketing firm, tries to determine which platform is the best fit for a particular business application or niche. So, the results of the study is not saying the one or the other is better, but the results give some good basic orientation for marketeers.

Category 1: Traffic ranking and user metrics
Traffic Ranking US and Global traffic ranking:
Facebook 2 – 7 day average daily time on site by users: 32.2 minutes
Twitter 12 – 7 day average daily time on site by users: 7.8 minutes
Facebook has the lead due to its sheer size, traffic volume, and time on site.

Category 2: Online destination for potential clients in the B2C market
Facebook offers more potential as of the option to include photos, detailed information, multiple outbound links, videos, and other business to consumer apps. The study states it is easier to build a larger network of followers in the shortest amount of time to help market a consumer product or service.

Category 3: Online destination for potential clients in the B2B market
The advantage is on Twitter as it provides more viral marketing flexibility while requiring less followers. Viral Marketing is a core business to business social media application for service recognition and other benefits. Popular industry related tweets are redistributed creating a domino effect even if you don’t have thousands of followers.

Category 4: market research benefits
Again Twitter shows more potential. Its search features can be efficiently used to monitor what people are saying about a company, service, product and competitors. Increasing or declining trends can be tracked effectively as well.

Category 5: internal viral marketing benefits
Facebook is top as it’s much easier to build a larger following. Plus, Facebook ‘wall’ feature is much more interactive than Twitter’s internal communication features.

Category 6: external viral marketing benefits
Twitter offers a greater external internet reach – no front door. Google’s ‘Real Time’ search feature often streams live tweets. A comparison of the number of tweets an independent article/release receives verse the number times they are shared by Facebook accounts appears to strongly favor Twitter.

Category 7: Use of each platform for direct internet communication
Facebook offers an instant message feature which allows you to communicate with other users globally.

Spot On!
The study concludes that in order to maximize your social media marketing results companies ideally create a presence on both. And I am happy that a study mentions this: Which platform a company engages first, or where to spend the most amount of available time or budget depends on your customers!!! Businesses should be checking their web-analytic metrics to apply the findings to your target group, and evaluate the potential and strengths of each platform.

News Update – Best of the Day

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Today, we keep this links list as short as possible…

Adam Singer tells us how to architect a social web marketing and PR strategy.

Ellen Davis interviewed Julie Bornstein (Senior Vice President, Sephora) about the ROI of social media – an interesting case study of a successful retail brand.

The new Apple iPad commercial shows all the features of the product in 30 seconds and with it the future of “infotainment” – and why it is better than Kindle and the likes.

LinkedIn – The importance of using invitation texts

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In the last months, all social business networkers on LinkedIn have shared the same experience. They have received different invitations from people all over the world with the following invitation text…

“I’d like to add you to my professional network on LinkedIn.
– Surname Name”

Short, targeting, and easy to understand – for everybody all over the world. Hmmmm….?!

This raises some questions in my head on the importance of invitation texts. And I would appreciate your views and get some feedback of people who also use LinkedIn for social business networking.

Personalization
Is it ok to use the standardized version of the invitation text by LinkedIn? We are all marketers and we know that personalization is key. So, isn’t it better to re-phrase the standardized text version and write a short PERSONAL message?

Curiosity
If somebody is not writing a personal message, is it a sign that this person wants me to respond to him/her, and ask WHY this person wants me in his/her business social network? Even think about the impact on playing a psychological game on hierarchy thinking. Or is it just the peek a boo effect? Or is it just a hunters and collectors business?

Test
If somebody leaves the standardized personal message, the contacted person might think this is a TEST on his/her social networking capabilities. So, companies might check how serious job applicants take social networking, how quick potential employees respond, or how much somebody is engaged in social media in general. Or just to test if this person understands effective lead generation?

Spot On!
Should not LinkedIn change its service? The one who is contacted cannot see what the contacting person has ticked in the box in terms of the business relationship, he or she is referring to.

What is your view and experience on invitations by social networks – especially from a business perspective.

News Update – Best of the Day

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“Connecting offline and online is one of the biggest challenges in our today’s business world” – You might have heard my credo somewhere. Now, Willis Wee created the big social media marketing plan for those companies that need an easy visualization – looks nice to me.

How PR and social media can collide in one PR release tells us Ogilvy’s John Bell in his post “When is a social media strategy not a strategy”. Sure, I had to comment that…

The super market 10-11 is not well-known for some of my readers. With their new commercial “Always open”, which addresses their customers in Iceland, they soon will be. Isn’t it a funny and entertaining TV ad?

Moms access point for engagement? – Social Networks!

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If your company sells children (car) seats, diapers, baby buggies or lipstick, when it comes to engaging at-home moms you may think about social networks. At least two recent reports from the Retail Advertising and Marketing Association (RAMA) conducted by BIGresearch as well as another one conducted by Lucid Marketing and analyst Lisa Finn in the US make clear that moms are more likely to be on Facebook, MySpace or Twitter than other moms.

Moms log on almost daily
And moms are using social networks quite often. A Lucid Marketing study states that 80% of Facebooking moms log in at least daily. Even more, 30% of the responding moms login more than five times each day. Also mobile logins are quite popular: About 40% login from smartphones and computers.

The future seems to belong to Facebook. 90% of the moms say the Facebook benefit is that its easy contacting friends/family. 26% mention they like the apps (games and quizzes).

Social web for at-home moms important
– 60% more likely to use Facebook
– 42% more likely to use MySpace
– 16% more likely to use Twitter
– 15% maintain their own blogs

“Retailers who aren’t engaging customers through social media could be missing the boat” (…) “Twitter, Facebook and blogs are becoming increasingly popular with moms as they search for coupons or deals and keep in touch with loved ones. The web provides efficient, convenient ways for brands to stay in front of their most loyal shoppers and attract new ones.”
Mike Gatti, Executive Director, RAMA

Spot on!
Now, the most interesting part for marketers: 64% like ads (or feeling neutral about) on Facebook, says the Lucid Marketing study. Meaning, Facebooking moms are apparently open to get in touch with brands and marketers – if they take their wants and needs into account. The ‘social moms’ are getting engaged when they search for exclusive deals (i.e. coupons and discounts). Apart from that, these studies indicate that companies addressing moms could replace old loyalty programs. I am sure, this is a great opportunity. But don’t forget to provide sustainable conversation – moms hate it not to be taken serious in their job at-home.

News Update – Best of the Day

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Is the marketers attitude towards traditional advertising changing as all marketers are looking for engagement? PepsiCo is challenging social media efforts big time this year and will not invest in an expensive super bowl campaign. A budget of 20 mio. USD will be invested into a social media campaign. Mashable has all the facts…

If you are in the wine business (or a wine ‘geek’) and looking how to improve your business ideas just listen to a nice case study and see what the social web can do for you. Joe Roberts, certified specialist of wine, shares some good information and show the challenges for big brands with social media.

The world is talking just about one new technology product: the iPad. But did you know that there is already a home-made commercial on YouTube for it? How do you like the idea of the dancing fingers?