Archive for the ‘Listening’ Category

Managing the Marketing Mix: Which Channel is More Effective?

Monday, April 26th, 2010

Just because you have Digital in your title does not make you Interactive

On its surface, this topic is a “status quo” topic, one that fits into the traditional advertising model that says radio, television and print are channels therefore the Internet is a channel too.  Agencies and old-school marketers feel comfortable when discussing digital as just another channel.  They figure if a portion of their budget allocated to digital and they tweak their messaging to match the medium then Whoalla! we are all new-age digital marketers.

The problem with this approach is it assumes consumers are the same and want the same messaging pushed at them to interfere with their online entertainment just like they consume television or radio entertainment.  Consumers have changed!  Consumers do not shop the same, communicate the same, consume content the same nor do they react the same to advertising.  When it comes down to it this topic cannot be about marketers adding a new channel, it has to be about those marketers who can adopt to changing consumer behaviors and those who cannot.

Consumers no longer want to be talked at, they want to be engaged with.  They want to see who prepares the food and talk with the baggage handlers, they want to feel they have a voice in determining the features of their next car model and want to help select what charities their soda maker donates to.   The majority of companies today are not set up to handle this new consumer.  Decades of closed systems and legally approved content are getting in the way of companies trying to interact with the consumer.

So what is this post about then?  Even though consumers are changing their behaviors by the second, companies can not move that quickly.  Companies need to have some transition period to move from traditional to digital and it’s not just in the way they advertise.  This is a cultural shift,  a systems shift, a shift in processes and approvals to a more distributed workforce.  This is much more than simply a messaging shift.

This post is about transitioning.  Many times, the only way to move the needle or to convince traditional executives is with proof.  That proof comes in comparing what they already know and are familiar with and in a way that they understand like reports and measurements that can compare traditional apples with digital apples (apples to apples).  If you measure traditional marketing with reach (ie. magazine has 100k circulation + 2 times pass along and costs $5k) and sales (call volume rises when our infomercial airs and conversion increases 12%) then your digital marketing reports cannot use language like followers, subscribers and linkbait, they must be consistent.  The good news is with proven success comes additional funding and a higher tolerance for experimentation.

Once you are able to measure and report consistently across traditional/digital and begin to show positive results, how do you determine how much is the optimal amount to spend on each?  Again, a fully integrated interactive marketer does not allocate a bucket of monies per channel.  Integrated messaging and consumer engagement is determined by the need at the time.  If a customer makes an online mess, it may require an online video response or it may require an actual television ad to express your point-of-view.  In order to stay flexible and meet your daily needs you cannot have a pre-allocated budget based on channels that was set 9 months ago.

In staying with the theme though, you need to be able to show value as you transition from traditional advertising to more integrated.  You have to show that any investment is worth the return before executives will release additional funds and approve more experiential marketing.  In light of that, what is the right mix?  Ford transitioned 25% of their marketing budget to social.  Seems like an arbitrary number but what is the right mix for your company as it transitions from what it was to what it needs to be?

To help us get a better handle on the right marketing mix for your company, we are bringing in a moderator this week who not only understands the measurement and monitoring side, she also understands the business side and promotes the advancement of companies into a more integrated marketing approach.  Amber Naslund, the Director of Community at Radian6, understands organizational change is just as important as technical change is and knows how to get people there.  While there is before digital (traditional) and after, more importantly there is a during or a transition that not many can talk to except Amber.  This week’s topic and supporting questions are as follows:

Topic:  Managing the Marketing Mix: Which Channel is More Effective?

Q1:  How do you know your traditional marketing efforts are effective?

Q2:  How do you know your digital marketing efforts are effective?

Q3:  What is the right budgeting mix between traditional & digital?

Be sure to join us Tuesday April 27 at noon Eastern and participate by following #sm57 from any Twitter client or simply goto our LIVE page during the event.

Sentiment Analysis: Opinions Matter, If Only You Knew Which Ones

Friday, February 12th, 2010

active_listeningListening is the first step in social media (everyone says so).  Not onlydo you have to listen, you have to listen for 6 months or more before you are allowed to do anything.  Just ask the experts!

Frankly, I think everyone says that just to buy a little time before they have to really figure out what to do with social.  At any rate, most of the people who are told to listen have no idea what to listen for or who to listen to.  I’m not going to get into the depths of all things social media monitoring because that would take all day.  So let’s focus a minute.  

  1. You want to listen for mentions of your company, brand and top executives
  2. You quickly determine there is no way to manually search every blog post, tweet or comment on the web so you turn to automation
  3. Yeah, now you’re tracking buzzzz, but what does it all mean?
  4. So you start running reports and determine they are inadequate at best.
  5. Now you’re back to listening again but still not sure what you’re listening for.

 There is a word in the industry called “Sentiment” that is used when trying to determine a person’s attitude.  Online it’s a digital attitude and you only have text to go by.  No voice inflection.  No hand gestures or facial signals.  Just a bunch of words (or “noise” as they call it in the bubble) with little signal.  The challenge, after aggregating all of the buzz or mentions of everything you are tracking, is to make sense of it all and to make it actionable back inside your company.  So the sticking point here is whether or not you can use automated analysis to provide sentiment or if it has to be all human interface.  For any local or small business, human processing of sentiment might be reasonable.  However with any size at all, you would need a small army to determine if people liked your new product or enjoy working with your company…or would you?

If you ask 10 people how to measure sentiment, you will most certainly get 12 answers (yes 12).  The popular themes of managing sentiment revolve around polarity and intensity.  Polarity meaning either good/bad, positive/negative, like/dislike, etc and intensity meaning the volume or amount of mentions.  These are not wrong by any means, but I use a little different formula and you might say it’s probably for different purpose.  I like to consider the following:

  • Mentions – which is broken into volume, intensity and opinion (polarity)
  • Influence – of the person it comes from. How many followers, how often they interact (like a TwitterGrader)
  • Severity – of the content itself. “X product just saved my life or killed my brother” would be Sev1, where “Boss caught me goofing off and fired me, X company sucks” would be low severity.  Further defined by a direct vs indirect mention and context of the content.

OK, try managing that formula through reports.  No way, Jose!  And, by the way, I usually change what I am monitoring (at least the focus) to match what I am working on.  There are companies who are working on ways to automate forms of sentiment through natural language processing and machine based or community based learning.  They have their claims on successes and what they have may work for a lot of people in a lot of situations.  It has to be an individual call.  So how do you know what’s right for you?  That’s where this week’s moderator Katie Paine comes in.  Katie, affectionately known as the “queen of measurement”, spends most of her day answering these questions for her customers.  She will host our next chat with the following topic and questions:

TOPIC: Sentiment Analysis: Opinions Matter, If Only You Knew Which Ones

Q1:  How do you define positive sentiment?
Q2:  How does that impact your organizational goals?
Q3:  How do you know that what you are measuring matters?

Please join us Tuesday 02/16 at noon est and become part of the conversation.  Learn insights and have an opportunity to capture Katie’s attention for a solid hour.  Follow along using #sm47 or simply go to our LIVE page.

The Value of Twitter for Businesses

Tuesday, November 3rd, 2009

rainbowFrom its beginnings in 2006, Twitter has come light years in some ways, yet the service is vitually the same as was when it started.  The same can be said for users who saw 2009 as the year Ashton’s users surpassed 1,000,000, but to what avail?  And businesses are trying to market, service, sell, and befriend anyone who wants to engage albeit mostly as simply just another channel for companies.  So with all of this activity, news and chatter about Twitter, where’s the beef?  As still a very new service in a new vertical and still a new age of communications for everyone, we are still trying re-imagine a life with Twitter and other new means of engaging in personal and business communications.

Don’t get me wrong, there are plenty of interesting uses of Twitter that are changing many facets of life including political upheaval (Iran‘s Protests), grassroots organizing (tweetups, Obama campaign), breaking news (USAirways flight 1549), and more.  While there are some innovative uses of Twitter in business including the usuals: Comcast Cares, Dell, Starbucks and Zappos this is certainly not the norm and, I would argue, most examples of innovative uses of Twitter are more lip service than measurable ROI (I measure ROI with either increased revenue, decreased costs or increased equity).

So with all the chatter, where is the real value of Twitter for Business?  That’s a great question and one that only a real professional could handle for this chat.  So we’ve enlisted the help of the Social Media ExplorerJason Falls.   This is the first time in 32 weeks that we have had a repeat moderator and Jason is certainly worth getting back.  His no-nonsense approach to social media marketing and useage for businesses has earning him a premier class reputation in the industry.  The chat will cover the following:

The Value of Twitter

  1. Why Twitter is important for business today?
  2. What has Twitter influenced to date?
  3. Where does Twitter go from here?

As usual, the chat using Twitter of course, will take place Tuesday 11/3 at 12 noon EST as usual.  This week is seeing a number of firsts.  We realize the #socialmedia has gotten very popular recently and it is sometimes hard to follow along through all the noise.  We have figured out how to maintain the integrity of the chat and record a different hashtag(#).  So this week we are oging to still promote via #socialmedia, however the actual chat will use #SM32 which equals how many moderated chats we have organized.  So be sure to use #SM32 at noon to follow along and participate in the chat.

How Social Media can Influence a Next Generation of Listening – Consumer Insights 2.0

Monday, September 21st, 2009

InsightsThe explosion of consumer networks like Facebook, MySpace & LinkedIn and digital platforms such as Twitter, blogs, forums and other types of social media continue their expansion across the internet at breakneck pace.  With the proliferation of these networks, consumers have almost unlimited means by which to share their brand experiences and opinions.  These opinions, whether good or bad, are readily available to other consumers for a long time…at least.  As companies of all sizes are begining to understand that many times, these opinions have more influence in the potential purchase decisions of other consumers than almost any other form of marketing or communications.   In this case, “listening” to consumers for sentiment is a purely reactive effort. 

So if listening as we understand it is a reactive measure, how can we “listen” more effectively and for better results?  How can we better predict a consumer’s actions based things like the economy (pricing) and factors like age, gender, geography and more interestingly, social graphs?  How about emerging market trends, Brand and sector vulnerabilities?  The vast trove of data across the web can present more than typical quantitative and qualitative based research.  The information, if used in creative ways, can lead companies in understanding how cultures, personal networks and digital platforms can influence propensity to purchase, length of product trials needed, effect of negative influence, etc.  In the words of a leading consumer insights company, ScenarioDNA, it’s “looking for patterns and making connections that become the building blocks for better ideas”

Handling the topic this week is the leading digital consultant Ken Burbary from Ernst & Young, #3 on the Global list of accounting firms.  Ken has led digital practice teams from both the agency side and client side and is a thought leader on many digital practices being used today.  Ken will lead the the discussion in discovering new ways to listen, how to better influence your company with the results and how to coral the resources needed to be effective.  The questions this week are as follows:

Topic – How Social Media can Influence a Next Generation of Listening – Consumer Insights 2.0

Q1:  Beyond Brand Mentions – (good/bad) what should you be listening for?

Q2:  What resources and people are needed?

Q3:  How can consumer insights drive actionable results throughout the organization?

Q4:   Ways to fund your SMM program?

Please tune in Tuesday 9/22 at noon EST, follow #socialmedia and share your point-of-view.

Deciding the "now what" and the "who with" of social media in your company.

Tuesday, June 16th, 2009

target-audience

Often times when companies or organizations have been sold on the “why” of social media and have decided to incorporate social media into the fabric of their day to day operations, a few more questions crop up. Actually more than just a few. Should companies getting ready to roll out their social media initiatives care about the audience that they are getting to have conversations with? or do they just take the shotgun approach?

Toby Bloomberg, one of the most respected and admired women in the social media and marketing space will lead this week’s discussion on:

Deciding what to do with social media at your company? Consider the people who will be using it. You have an idea who will be using it internally but what about externally?

The first question:

What demographics are most powerful in each of the top social networks? And Why?

Question two:

Which demographics are most overlooked, ignored, or taken for granted, in the top tier social networks? Why?

Question three:

With the increase of social media usage, which demographics will drive innovation in social networking?

How  do age, sex, religion, race figure into all of these scenarios? Do they? Should they?… The goal here is  to help managers build better social media solutions, and the only way to do that is to know and understand who you are talking to! Lets find out!

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Recap of the Unpanel on listening grids with David Alston of Radian 6

Wednesday, May 20th, 2009

grid

Quality over quantity. @jasonbreed and I both agreed that the quality of the comments for each of @davidalston’s questions for this past Tuesdays #socialmedia Unpanel was amazing. The 187 attendees of this Unpanel clearly were thinking about the business of social media and the business of listening, not as lemmings, but as thought leaders in their own right. Here are some of the more choice comments starting with David’s first question of what was the cultural shift that needed to happen today in business in order to accommodate social media? A great question in its own right but in the context of listening, it was an appropriate jumping off point.

-Companies need to be willing to trade control for conversation.

-Usually for people to be on board, they need to 1st understand what “social media” encompasses. Before blasting this at corp culture.

-In large organizations, it takes a change management approach before social media programs can get off the ground.

-Companies need to make sure the right person behind the brand is responding.

-Employees like hiding behind their Brands.  Because it allows them to not be accountable. Companies need to make individuals more accountable.

-Adopt a social media policy throughout the org., monitoring to identify who best person to respond should be within the org.

-Use these individuals for brand advocacy & outreach, the idea is to bring them to the fore front of the org.

-Advocate for making more people accessible rather than fewer. Gives customers better glimpse into brand’s personality. Show that there is a personality!

Clearly, communication, empowerment and dare we say, transparency, coupled with people and organizations capable of and not beiing afraid of “doing” were on everyone’s minds and were the nature of the tweets for the first question. It was interesting to see that everyone seemed to be headed down the same path but all with their own original thought.

The next question David asked concerned what companies should be listening for once they develop a listening culture? A great question and thus right out of the blocks we get the following:

- Listen for opportunity, failure, and ambassadors…

-Listening for brand conversations and the keywords that relate to their brand–that provide the opportunity to communicate.

-You should listen for competitive movements

-Everyone wants to “listen” for detractors i.e. Crisis Communications. How about competitor listening? Or listening for new recruits/champions.

-Showing that your company’s competitors are already using SM can be a pretty effective argument for it too!

-Listen to brand/co. mentions, industry trends/news – listen for opportunities!

-Competition mapping, consumer usage trends, brand sentiments around media releases.

-Expand your listening: listening for your product, the needs your product fulfills, or the end objective that those support…

-Listen for the unexpected

-With listenting, dont forget “The most important thing in Communication is hearing what isn’t said”

-And lastly..Listen so they don’t vote with their feet!

And finally question three; How do we create a listening grid so all parts of an enterprise are involved in listening & engaging?

-The grid needs a leader or point person for starters

-Once the ‘grid’ is set up, It offers opportunities for co-creation. Solving problems,  rolling out new products, etc

-Sales, service, mktg, Product Dev, HR, etc all need listening Grids to start. They then move and evolve accordingly to their needs.

-The grid needs a tip that opens to a funnel. not efficient for all to listen to everything.

-Just avoid the trap of creating a new type of contact center(grid) staffed w/ powerless employees in dead-end jobs, who don’t care.

-Knowing what to listen for in your grid is critical, but also listening on behalf of your org. with its best interests at hand is critical.

-Developing grids need to retain distributive nature. Centralized control could be poison.

-Listening grid could go from front line > department or individual for actions or response to front line

Map the flow of information through your org, streamline it, rinse and repeat. Use #socialmedia to build user generated maps.

In summary, there was tremendous thought and participation on this topic; which just goes to show how important the subject is on every one’s minds. It’s really a credit to David Alston for raising the level of thought from the mundane echo to an actionable knowledge transfer. Big props from us David, big props.

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Develop a Corporate Listening Grid

Sunday, May 17th, 2009

improve-listening-skillsIf you have followed us at all you will know that we are trying to get beyond the traditional social media speak of “The keys to social media, listen and be transparent….blah, blah, blah”.  So when talking to the fine folks at Radian6 you can imagine the excitement when we actually got energized talking about LISTENING.  Listening is important, yet even the most seasoned gurus don’t have a good grasp on how to help companies modify their beings to incorporate an interactive culture beyond the one twenty-something who’s willing to give it a shot.  So let’s set a baseline for discussion:

Companies have spent the last few decades building a corporate veil over their brands and relying on having the few “experts” create the features and develop a voice for the Brand.  That focus on experts lead to knowledge and skills being huddled into only a couple, select employees.  That egalitarian style that was developed throughout the 80s and 90s is now counter-intuitive to the social movement.  This is why companies are having so many cultural problems in allowing more access to people throughout companies with insight that is traditionally suppressed.

On Tuesday, we’ll focus the discussion around developing a fundamental plan for companies to create and instill a Listening Grid of sorts.  A way for executives to plan their way through opening tracks of interactive dialogue with customers, partners, channels, or even other employees.  The three questions will be:

  • 1. What is the cultural shift that needs to happen today in business to accommodate social media?
  • 2. We get listening for the detractors. What are other ways that companies need to listen?
  • 3. Let’s develop a list or chronology of how to create a listening grid within a company.

We are very excited to welcome David Alston as our moderator this week.  David is the head of marketing at Radian 6 and will be sure to add a ton of value as his expertise is an inch wide and a mile deep in this particular topic.  Please join us this Tuesday at Noon EST and be sure to include #socialmedia in your tweets to have your input captured here at www.hashtagsocialmedia.com/live.