Tag Archive for: Survey

Study: Web 2.0 increase market share, gain benefit

The latest research by McKinsey & Company states that companies embracing Web 2.0 opportunities have more chances to gain market leadership and step ahead of their competitors than companies that are less Web 2.0-savvy. The research was interviewing 3.249 companies as part of its annual Web 2.0 survey.

The study concluded that “networked enterprises” are more likely to be market leaders and winning market share. The study’s authors, Jacques Bughin and Michael Chui said that the Web 2.0 companies “also use management practices that lead to margins higher than those of companies using the Web in more limited ways.” They found that 27% of companies overall gained market share against their competitors and could succeed with higher profit margins.

The success curve of the “networked companies” is exponential. Those companies that are “highly networked enterprises”, defined as companies using Web 2.0 inside and outside their business in innovative ways, “were 50 percent more likely to fall in this high-performance group than other organizations were,” the authors state.

The authors prediction is that that in many industries, “new competitive battle lines may form between companies that use the Web in sophisticated ways and companies that feel uncomfortable with new Web-inspired management styles or simply can’t execute at a sufficiently high level.”

Companies that have embraced Web 2.0 philosophy continue to report that they are receiving measurable business benefits. 90% are reporting at least one benefit. The benefits were increasing speed of access to knowledge – 77% of respodents with internal Web 2.0 efforts and 57% using Web 2.0 to engage external partners. Obviously cost saving is a big topic: 60% of internal and 53% of external users mention that communication costs could be reduced. And travel costs decreased as well said 44% internal users and 38% external users.

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Ecommerce is developing rapidly. And although users are said to be slow in adapting new technology, they expect their retailers to embed the latest trends and technology in their websites. As this will increase the sales potential of a business, companies should carefully listen to top 10 tactical trends by Michael Piastro which will help supercharge your ecommerce strategy for the future.

Social Media is in “at” your workplace, you said? Yes, but what does top management use it today? A new comprehensive study of more than 1000 business professionals by Pierre Khawand, Founder and CEO of People-OnTheGo shows that business decision makers manage multiple “inboxes” including Social Media. Social media is already a regular part of the work day. LinkedIn is the most popular social network. More than two-thirds (63.8%) of top management and almost three-quarters of marketing (73.9%) and sales (74.2%) respondents check LinkedIn regularly. Isn’t it interesting that private email is as popular as business email for top management? Social Media or private emails… Thinking about what might affect productivity more in the future…

Are small companies spending most of their marketing funds into Social Media in 2011? No! The use traditional websites and e-mail, says a report by online survey firm Zoomerang and GrowBiz media that surveyed 751 small firms (predominantly with less than 25 employees). The survey finds that over a quarter will spend at least 30% of their online marketing budgets on their websites, E-mail coming in second (18%). Only 10% were planning to spend at least 30% of their budgets on Social Media.

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A recent international survey of 2,200 mothers shows 81% of children under the age of two currently have some form of online presence — ranging from photos uploaded and shared by their parents, to a full-fledged profile on a social networking site, writes Mashable.

What is the futre of social networking? Everyone would like to know that. Social networking technology becomes more advanced and increased online activity makes more robust data sets available. Social networks are changing the way we interact, yes. But what does that mean and offer to people from a strategic point of view. Greg Satell shares his interresting insights.

Sometimes I don’t know whether commercials are creative or not. Make up your own mind about this Japanese blood pressure ad.

B2B study: Content tactics marketers are using

Content in the B2B space continues to be… king. Especially since Social Media conquers the interest of users and consumers, companies have to establish a good content strategy in order to attract the interest of their audience properly.

Junta42 and MarketingProfs, supported by American Business Media and the Business Marketing Association, made a research with over 1,100 North American B2B marketers from different industries and company sizes to understand their thoughts and trends on content topics. The study “B2B Content Marketing: 2010 Benchmarks, Budgets and Trends” is probably the most representative survey about content marketing in the business-to-business (B2B) space for now.

Most companies know the importance of content marketing and make use of it as much as possible. Nine out of 10 organizations market with content. These marketers are using eight content tactics on average. The most popular tactics are social media (excluding blogs) (79%), articles (78%), in-person events (62%) and eNewsletters (61%).

The budgets for content marketing rise. The responding B2B marketers allocate almost 26% of their overall marketing budgets to content marketing initiatives and programs. A good portion, 51% of B2B marketers, plan to increase their spending in content marketing over the next 12 months.

Still, there is no real understanding of how to measure the effectivness of the different tactics. The “confidence gap” is quite large.

Of the 79% of B2B marketers who challenge social media, just 31% of marketers think they use this tactics effectively.

The full study can be downloaded here.

Spot On!
It could be interesting to know who you think produces the most relevant content for the B2B space. Is it the publishers, bloggers, or already the companies themselves with their PR departments? And who will it be in the future? Looking forward to your statements…

Money, Money, Money – Facebook users follow brands for discounts, and Twitter for social badging

Some days ago, we could read that Facebook is becoming kind of an outlet for brands to engage with their fans and which brands scored the best. A recent survey from ExactTarget and Co-Tweet now shows product discounts and “social badging” are the main motivations for “liking” brands on Facebook.

43% of Facebook users interviewed said they “like,” or are fans of, at least one brand on Facebook. Among those, 40% admit that the reason for staying friends with the brands is to receive discounts and promotions. Interestingly enough for me is that already 39% state they do so to make their brand affiliations public versus 23% of interviewed people said they follow brands on Twitter for social-badging purposes.

Some more findings of the study is basically saying that marketers are “welcome as participants on social networks” as long as it supports free enterprise, not because they seek out interactions with marketers on Facebook.

Further key findings on ExactTarget’s study Facebook X-Factors why people like brands on Facebook…
– 34% like brands in order to stay informed about company activities
– 33% want to get updates on future products
– 17% are more likely to buy after liking that brand on Facebook

Again we can see in this study that Facebook is definitely more a platform for women than for men to keep up relationships (63% vs. 54%), connecting with old friends (68% vs. 56%), and managing their social lives (41% vs. 34%).

As the top performing brands on Facebook are named…
Oreo (Nabisco): Top among deal seekers across all age groups (Facebook drivers: coupons and freebies).
Wal-Mart: Top among cost-savings opportunitiy seekers across all age and gender.
Victoria’s Secret: Top among especially Millennials as of new product offerings featured.
iTunes: Top among Millennials as of highlighting new movie and music releases.
Dove: Top among women based on their iinitial “Campaign for Real Beauty”.

The findings are based on a survey of 1,506 consumers age 15+ in April 2010 and consumer interviews among 44 people in March 2010.

The 3 types of social networkers that influence the buying process

It’s been a rumour in the industry for quite a long time now: Facebook and Twitter are becoming indirect shopping platforms and their buttons can boost sales. A recent survey by the research firm Gartner Inc. discovered that most of the users appreciate and take suggestions from their friends through social networking sites before purchasing products. And furthermore, they rely on three types of social networking friends for their purchasing decision process.

The Gartner study asked nearly 4,000 consumers across 10 key markets. The interesting part is that people in the social networks are taking different positions inside the purchasing process when recommending products to people they are connected with. Gartner identifies three types of people and roups them into three categories: ‘Connectors’, ‘Mavens’ and ‘Salesmen’.

So, how do they differentiate from each other?
The ‘Connectors’ are defined as those who “perform a bridging function between disparate groups of people and enjoy introducing people to each other”. The ‘Mavens’ are “knowledge exchangers or information brokers”, who are experts in particular area and people go to them for advice. But they are not people who wish to convince people to buy certain items; they are more interested in acquiring new knowledge, it said. The ‘Salesmen’ are those, who have “extensive social connections” and the personality trait that persuade people around them to “act on information in highly directed ways”.

“Our survey results showed that one-fifth of the consumer population is composed of Salesmen, Connectors and Mavens. These are three roles that are key influencers in the purchasing activities of 74 per cent of the population.” (…) “Salesmen and Connectors are the most effective social network influencers and the most important groups for targeted marketing based on social network analysis.” Nick Ingelbrecht, Research Director, Gartner

Gartner advises companies based on the findings of its survey to pro-actively engage with these different types of people on social networking sites. Not surprisingly, they define these categories of social media influencers as the “critical, but underutilised, aspect of the marketing process” for the future.

“Companies attempting to use social networks should develop relationships with key customers over a period of time and progressively refine the social network profiles of those individuals.” (…) “Retailers who run small shops have instinctively done this with their best customers for years with the intention that these ‘VIP’ customers will not only buy the new products but recommend them to their friends.” Nick Ingelbrecht, Research Director, Gartner

Spot On!
For me, there is a strange thing about this study. It causes a Deja-vu, I have never had before in my life. Two years ago, I published and explained -in German- in a long post the importance of these three types of people in business networks for business decision makers, and how businesses should focus on them when talking about their social media approaches. And guess what: Two years ago, I came to the same conclusion and refered to the same types of people. In these days, I have read the book “Tipping Point” by Malcolm Gladwell for the second time. And in this book you will find the same categories of people, and you are told to rely on them and work with ‘Connectors’, ‘Mavens’ and ‘Salesmen’.

The main question is now, how to address these social networking influencers? Can you call them up and talk to them directly? Send an email? Invite them for dinner or lunch? What is the best way to start the conversation with them?

The social web becomes the new recruiting channel

A new study by Jobvite states that 73.3% of responding companies turn to social networks to recruit new employees. The reason is obvious: Success! Almost 60% reported that they have successfully hired a new employee through social network sites like Facebook, LinkedIn or Twitter.

The key findings of the study for companies that recruit through social networks …

– 80% used LinkedIn
– 55% useed Facebook
– 45% used Twitter

Especially the numbers of LinkedIn show a significant success number when addressing new recruits via social networking sites…

– On LinkedIn 90% that recruit through social networks have found candidates there.
– Facebook: 27.5% that recruit through social networks have found candidates there.
– Twitter: 14.2% that recruit through social networks have found candidates there.

As companies are successful in recruiting through the social web (58,1%), the spending of half of the employers are planned to increase, while spending on traditional job boards and employee recruiting firms will decrease.

Spot On!
If you compare the numbers with the same study in 2009, it shows that the market for good new recruits seems to become more challenging. In 2009, 66% of the companies found a new employee via social networks, 8% less than this year. Still both parts of the recruitment chain can win with their social web engagement. Sites like Facebook, LinkedIn, Facebook and Twitter have a significant impact on company’s HR strategy and recruiting success. Nevertheless, it has to be said that not only companies might benefit. Employees that take care of their social networking profiles make themselves heard in other HR departments.

News Update – Best of the Day

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: Social Network access at work? Teens expect it!

social-networks-sepia1Your company thinks about limiting or restricting the access of social networks during working time? You better have a second thought about it…

A recent study states that for the net generation social networking has become a crucial part of their business life. It is so central to their lifestyle that it becomes one of the main decision criteria when weighing job offers.

The Junior Achievement/Deloitte Teen Ethics Survey shows that 88% of teenagers use social networks on a daily basis. 58% of the teenagers surveyed said that they would consider the ability to access social networks when considering a job offer.

Business decision makers in companies should be aware of the fact that this might become a central question in recruiting talks. Teenagers will definitely make decision pro or contra a job on considerations about having the ability to access Facebook, Twitter, and the lot when applying for jobs.

Spot On!
Teenagers don’t use social networks to waste time witht heir peers, or even be unproductive. The main reasons for the use becomes clear when taking a close look at the results. 51% of the surveyed teens use social networks to help others. And 29% use the social benefit to create awareness for a cause. So, if you think of improving customer service, you should consider these facts and try to transfer the social abilities of the networks in order to build a stable customer communication world – with the net generation.

News Update – Best of the Day

daily1Although web 2.0 provides all the benfit for e-learning, the use is till low. The study “Benchmarking Online Operations: Snapshots of an Emerging Industry” by the consulting company Eduventures shows that the education they offer is still based on “rudimentary, text-based technology”. This stands in contrast to webinars, web-conference or any kind of podcast or vidcast tools that the web 2.0 world offers today. “But when it came to technology, the Eduventures survey found that the widely used tools are e-mail, text discussions that don’t happen in real time, physical textbooks, and word and PDF documents”, reports http://chronicle.com/blogPost/Online-Programs-Profits-Are/8517/?sid=wc&utm_source=wc&utm_medium=en.

Blogher released a new study on how social networks are used by men and women in the US. The main findings are…

– 84% (16 out of 19) of the sites have more female than male users.
– Twitter with 59% female users and Facebook with 57%.
– Most female-dominated sites: Bebo 66%, MySpace and Classmates.com 64%.
– Average ratio of 19 sites: 47% male, 53% female.

MINI started a great project“Wash me” at retail on the 3rd of November “when 10 different artists are each presented with a MINI to deface — ahem!…design at will”. See what these guys came up with…