Tag Archives: Social media marketing

July 23, 2015 · 10:22 am

Stirring With A Fork

One of the things I work on with clients is using the appropriate tools to solve their needs.  We also focus on using those tools in the right way, which means using the right tool in the right manner to solve the issue.  Failing to do so is the equivalent of stirring a big pot of soup with a fork.  Sure, you can sort of get things mixed up that way but there are more appropriate tools (a spoon) that are better suited for the task and which will result in a better, more efficient result.

I thought of that as I read the report on a study by Regalix.  They surveyed senior B2B marketers to understand current trends in social media marketing and the challenges faced by them in implementing a social media strategy.  While much of the data showed progress, certain results made me raise an eyebrow.  Let’s see what you think.

According to the study, 94% respondents choose increasing brand awareness as the key objective of their social media marketing efforts.  I find that interesting since many of these same marketing types denigrate the use of banners as being only suited to raising awareness and their focus is more on generating click-throughs and other direct actions.  Frankly, there are other tools more suited to the awareness task as well.  I wholeheartedly agree with this point, made in the Research Brief report on the study:

Given the power of social media to engage with customers, it is surprising to find brand awareness overwhelmingly top the list of key objectives, says the report. Perhaps, opines the report, a reflection of the fact that most organizations still largely use social media as a broadcast or advertising medium, and not as much for meaningfully engaging with customers.

Exactly, and there is our fork stirring the pot.  If all you’re doing is switching the megaphone from broadcast media to social, it’s unlikely that you’re going to have much, if any, success. How do you think you’re going to generate actionable insights from social data when you’re doing very little to engage your audience? 71% of organizations said they were either not able to measure the ROI of their social media campaigns or were not sure how to. Only 29% said they were able to measure it.  That’s not surprising since there probably hasn’t been much to measure given the inappropriate manner in which they’re using the social channels.

I have nothing against forks, but I never use them to stir the pot.  You?

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July 22, 2015 · 11:41 am

Plans Etched In Sand

So, marketing compatriots. Let me ask you: what are you plans for MySpace this year? Or Orkut? What role does Friendster play in your brand strategy? While you may be giggling about the ridiculousness of those questions, you might have taken them quite seriously a few years ago. As an aside, I remember that when I met with the MySpace folks at the height of their popularity I was surprised both by the outrageous demands they were making and by their refusal to acknowledge that nothing seems to last forever in the digital world.  Oops.

Myspace-count-200608211853UTC

(Photo credit: Wikipedia)

The business planning cycle tends to begin at budget time and if you’re a media or marketing person you’re often asked for a fairly detailed plan of attack.  I always prefaced my presentation with a broad disclaimer.  “What I am presenting is accurate and true for right now but I can’t promise you that it will be the best plan of attack in a month and certainly not in six months.  I can live with the budget requests I am making but please allow me flexibility with respect to the channels and media we use.”  Most of my bosses were great about that.

There is no way a social media plan you’ve developed a year prior is accurate. As with the examples above, circumstances change.  While I don’t believe most companies can support a major presence on EVERY platform which emerges, I do believe that it’s important to be aware of all of them and to test.  It’s really OK to cross-post great content every so often! Those tests need to be done with your key performance indicators in mind, and if an emerging platform doesn’t give you the ability to measure them, it’s probably not worth your time.  What’s very important is not to dismiss anything as “a fad” or “for kids.”  Remember that Facebook began as something for college kids and once it opened up the brands that were early adopters had an advantage (well, at least they did until Facebook destroyed a brand’s ability to engage their fans easily without paying).

The message today: don’t follow the plan; let the plan follow your customers.  Those plans should be etched in sand and not in stone.  Are yours?

 

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July 7, 2015 · 9:18 am

Not Actionable Or Not Able?

Marketing Executives Network Group

(Photo credit: Wikipedia)

We discuss the need to measure the results of what you’re doing here on the screed fairly often.  As you’ve probably figured out by now, I’m a big believer in applying data to decision-making, especially after decisions are taken and tactics are deployed.  As it turns out, my views about that part are fairly typical within the marketing community.

In a survey of marketing executives, The Conference Board and the Marketing Executives Networking Group found 75% of the respondents in agreement with the statement that “A primary responsibility of marketing professionals is to generate data-driven insights about prospects and customers, and then create a brand or sales story based on those insights.”   I especially like that language because it is inherently customer focused.

Two other findings, however, disturbed me quite a bit.  Only 39% agreed with the statement that “Most information available from monitoring social media is not actionable” 56% agreed that “Most of the members of my marketing team are not as skilled in the use of digital marketing as they need to be.”   Those two statements are probably related and let’s think about why.

First, if you’re having trouble taking action on your social analytics, maybe you’re measuring the wrong thing.  I totally agree that “likes” is a useless number, but using conversion pixels to measure assisted conversions from social media can provide a wealth of information about how your customers come to buy.  Maybe you’re not doing sentiment analysis (that’s not baked into the standard analytics packages but readily available). You should be. Putting aside sentiment, we can focus on trending topics among your user base as well as feedback on your brands and those of your competitor.  Those are all highly actionable data points.

With respect to the second point.  If your team is lacking in some critical skill, whether it’s digital marketing, writing, or sandbox, your job as a leader is to help them improve that skill until it meets the organization’s needs.  If not getting them training is a “resource issue”, think about what it’s costing you in missed opportunities.  Flip that to the positive:  if you’re getting good results now, how much better would they be if you could agree with the statement on your team’s abilities?  Maybe that’s why the data doesn’t seem to be actionable.  Is it “not actionable” or are you just not able?

If the results of the survey resonate with you, get some help to improve your results.  I’d love to be that help but there are lots of qualified people who understand how to help your company live up to the promise that digital holds. I don’t think that dismissing it as “not actionable” is the answer.  Do you?

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