Posts Tagged ‘eCommerce’

Social Media and Commerce for Business

Tuesday, January 4th, 2011

The holiday shopping season is behind us now and everyone can catch their breath.  A lot of companies tried out some new approaches to their traditional e-commerce strategies by adding in touches of social.  It is still too early to tell what worked and what did not for sure but it is time to start talking about real strategies for social commerce in 2011.

Based on your business there are a number of approaches to take with regard to social commerce.  Looking online, there are a lot of ways to drive new sales.  These would include setting up proper descriptions on review sites like Angies List, Yelp, Google Places, etc.  It might also include considering product ratings, comparisons and customer reviews on your own site.

Regarding walk-in or foot traffic, how does social come into play here.  Certainly there is the daily deals phenomenon that Groupon started and now hosts dozens of competitors including Wal-Mart.  Is Groupon the best avenue for your business?  Other offline successes have come through checkins and scavenger type of hunts that bring in gaming type of incentives.

What is the best approach for applying social to your 2011 e-commerce strategy? What’s working and what’s not?  We brought in the big dogs for this discussion.  One of Forrester’s leading analysts covering social media, Augie Ray will moderate today’s chat.  Augie brings an entire industry worth of research to help us discerne the right values and help spots some of the early trends.  Our topic and questions this week are:

Topic:  Social Media and Commerce for Business

Q1: How is social affecting online consumer purchases?

Q2: How is social affecting off-line/in-store purchases?

Q3: What are top 10 things to consider when setting up social commerce?

Please join us in this online chat on Tuesday, January 4 at noon ET.  Follow #sm92 from your favorite Twitter client or simply go to our LIVE page at www.hashtagsocialmedia.com/live.  The format will stay the same with the first question starting at noon and a new question coming every 20 minutes at 12:20 and 12:40.

Weaving Social Throughout Your Organization

Tuesday, July 20th, 2010

Companies are challenged to grow in uncertain times and to do more with fewer resources. There is a continuous need to explore new systems and methodologies to help your employees work smarter internally and engage external resources who will advocate more often with less incentive. As a result, organizations are turning to the promise of new web based technologies.  As our moderator, Adam Cohen puts it:

“Social media is changing the game, providing new touchpoints, technologies and techniques for businesses to build, maintain and encourage relationships with customers.  But social media tactics and tools alone will be limited in their business impact.  When combining social media with other interactive marketing practices, the results can magnify both.  In other words, social media integrated with other forms of marketing is greater than the sum of the parts.”

So what are the parts and how does the sum equal more than the parts themselves? 

Social media should not stand alone and “being social” does not change your objectives.  Being social merely changes your approach to achieve those goals whether internal or external focused.  When used as part of your digital ecosystem, the results can be significantly more valuable.  Consider the following areas:

  • CRM + Social – although we discuss it quite a bit, the market is still not at a point general adoption.  Social CRM provides an opportunity to know more about your customer’s frame of mind at the time and better understand life events that may affect purchase decisions.
  • Search Engine Optimization – most companies have paid and organic search strategies.  If your site does not optimize for what customers are asking for then your your competitors will enjoy more organic result while you will end up paying dearly for your web search traffic.  As social typically creates a wealth of fresh content (of which gets spidered by the engines quickly), you can focus the topics of your content to better effect organic results that your prospects are using at the time.
  • Content Management – Ask this wealth of content is developed, you are creating a corporate asset.  If you are a global company or run across an enterprise, there is a lot of value to making those assets reusable across campaigns, countries, departments, etc.
  • Mobile - find companies where they are, when they are there and in the way they want to be found.
  • e-Commerce – Imagine going to Best Buy site, searching for TVs and your friends from Facebook populate the TV screens.  You would be more apt to take notice and spend time.
  • Website-optimization – Imagine once again that the first set of comments on that TV are that of your friends who have purchased that same TV.

This does not even mention customer service, marketing, advertising and running campaigns.  To cover this topic in more depth is Adam Cohen.  Adam is a partner at digital agency Rosetta.  He will tackle one of the bigger issues that we have had on this chat and is more than capable of doing so.  The topic and questions this week will be:

Topic: Weaving Social Throughout Your Digital Marketing

Q1) How should marketers approach weaving social media tactics into their marketing arsenal?
Q2) Why does blending social media improve the effectiveness of other tactics?
Q3) Which tactics have the most impact when combined with social media? (Think both digital and traditional)

Be sure to follow the conversation this Tuesday 7/20 at noon EST by tracking the #SM69 tag on Twitter or visit our live page at www.hashtagsocialmedia.com.