Marc Meyer | #Social Media Topics

Posts Tagged ‘marc meyer’

The Importance of a Content and Engagement Strategy in Social Media

Sunday, March 14th, 2010

We understand that having a blog or forum alone is not being social, it’s simply a tool set. If you are a little overzealous and implement the tools first, you quickly understand that it is going to take more…a lot more than just tools to live up to the expectations that everyone has around social media. So you sit in the middle of your corporate blog or new customer service forum and wonder what’s next. Try a content and / or engagement strategy.

Without engagement there is no social and without content there is no engagement. From this, it becomes apparent that developing a strategy around content and engagement can be very useful. So where to start?

Content without engagement is a traditional approach to marketing like television or radio. The content goes one way or is “pushed” at the audience. While we could take an editorial approach to content development, let’s look at it a bit differently. Whether you produce the content, your agency produces it, whether your content is available on external sites or your own sites, there is still a premise that I come back to. Consumers buy products because they believe in the product, they relate to it, the product description fulfills a need or some other reason that stems from the fact that something about the content was relevant enough to make me purchase whether its ingredients, description, a jingle, ad copy, whatever, there was some form of trust around that content. This is the key, your content has to instill trust with your participants.

With all the aggregation tools out there, it is easy to take the lazy way out of creating content for your corporate social initiatives. Like a Twitter account that only re-tweets or a blog run on yahoo pipes, that content can be found anywhere so there is no reason to trust your company as a resource for content. Like your content, your company becomes irrelevant quickly too. Create content that sets your company apart, create a perspective that participants can have passion with and always do it under the premise that no matter what the content, your participants have to be able to trust it. The first time they find a hole or blatant lie in your content, you will lose that trust for a very long time.

On the other hand, engagement without content feels empty and does not last long. Like any guy at a bar without a good pick-up line, he can smile, approach and may smell good but after standing there for a while, you’re going to have to get past the “Hi, I’m Joe/Jeff/Bob/Mike, what’s your name?”. There are many reasons for engagement and while most strategists will focus on what your company has to do to get ready to be engaging, don’t forget to think about why anyone would want to participate with your company. A good, initial litmus test is whether you can answer the “So What?” question. You arm the interns with conversational research data, you’ve been listening for months, you have tons of ideas for content and the executives are behind it. If you are selling toilet paper, my response is “so what?”, why would a consumer care to participate around the product? In this case, create a passion much like General Mills did with their Box Tops campaign to raise money for k-8 schools.

Does engagement or content come first? If I create content and no one is listening, is it worth my time? On the other side, if your customers are passionate around your Brand and want to participate, you better get some content so they have a reason to come back. I’m not sure there is a right answer for everyone. The right answer depends on every company’s unique situation, resources, time, talent and ability to execute. Our moderator this week knows a lot about these answers and we are excited to have John Cass leading the way. John has literally written the book on corporate blogging and has a wealth of experience to share with us. The topic this week will be:

Topic: The Importance of a Content and Engagement Strategy in Social Media

Q1: What’s first, content marketing and/or engagement marketing as the lead strategy?

Q2: How should you handle disclosure of content origination whether employees or agency?

Q3: Charlene Li’s engagement 2009 report staked out most engaged brands, what’s key to implement a successful SM engagement strategy?

Please join us on Tuesday March 16 at noon EST to share your point of view. Follow along on #sm51 or from our LIVE page.

Image: www.cartoonstock.com

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Tags: aggregation, Content, corporate social media, Disclosure, engagement, jason breed, john cass, marc meyer, strategy, trust
Posted in Content | No Comments »

Customer Service’s Role in Social Media

Tuesday, March 9th, 2010

Budgets for social media are steadily increasing and all the analyst predictions say that 2010 will be the year of social media marketing. It doesn’t take Confucious to know that marketing and social media are a cost effective alternative to traditional marketing. What’s notable is the move to incorporate customer service as part of this plan. Traditionally, marketing and service are very different parts of a company. So different that marketing and communications are primarily inside-out focused (messagin starts inside and gets pushed out) where Service almost always carries an outside-in (customers call in to interact) perspective. You can see some of the consolidation happening on the tools side (recently Exact Target aquired Cotweet) which often leads to consolidation within companies. Beyond the social tools, communications vendors are getting into the action as well with Unified Communications platforms that manage phone, email, video, social, etc.

If social customer service is consolidating with marketing efforts then who owns customer service now and is customer service gaining importance at the executive level? These are important questions especially as Comcast’s CEO, Brian Roberts announces that Twitter is changing the culture there. This statement makes us think about the possibility of customer service with a much different influence within corporations.

Think about the process of setting up social media at any company (listen first, then engage…). Just break down listening into it’s parts like monitoring for prospects, existing customers, brand mentions, competitors and detractors. This includes duties normally performed by marcom, service, sales and public relations, yet one tool can be used. So who takes charge, who’s accountable for “listening” at a company, let alone responding/engaging?

Next, at a time when companies are reducing headcount, can service departments possibly respond to the dozens of new social channels in addition to traditional phone calls, emails and sometimes chat? In order to fully understand the breadth of what affects social might have within an enterprise, we must understand if social actually adds to overall inquiries or if an increase in social inquiries decreases traditional inquiries. As companies discuss scale and social, they need to include people, hardware and software considerations to evaluate the true impact to the business.

Finally, companies have been dipping their toes in the social media waters for the past 2-3 years. When Mr. Roberts talks about how social efforts have a significant impact on a large company’s culture, you have to start thinking about your social efforts with a bit more foresight and structure than short-term, dis-continuous campaigns. To prepare a company for such an initiative, they need to consider long term strategies, systems integrations, employee buy-in….or do you? What are the entry points that a company needs to prepare for to begin to shift to a culturally infused environment?

How can we possibly work through this topic in only one hour you might ask? Luck for us we have “Famous Frank” or Frank Eliason from Comcast this week to moderate this topic.Frank has lead Comcast’s social efforts with a focus on service through Twitter that has made him world famous. Frank brings first hand experiences and answers to all our questions and more. Usually you would have to have a very serious problem with your Comcast service to be able to spend an hour with Frank. Today, we will have the opportunity to learn and share our collective experiences in managing a socially enabled customer service department. The topic this week is as follows:

Topic: Customer Service’s Role in Social Media

Q1: Is Social Media converging the roles of Service, Marketing and PR, if so who owns it?

Q2: How do you scale customer service in social media?

Q3: How do companies prepare for social customer service?

Join us at 12 noon EST on Tuesday March 9, 2010 for one hour. The first question will come out at noon and then at 12:20 and 12:40. To participate or simply follow along, tune into #sm50 on Twitter or just go to our LIVE page for a richer experience.

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Tags: accountability, Comcast, ComcastCares, communications, consolidation, Customer Service, Frank Eliason, jason breed, marc meyer
Posted in Customer Service | No Comments »

The Next Big Thing is So Last Year

Monday, March 1st, 2010

How do you differentiate your offering while improving service for existing customers and still keep your “cool” factor in your industry? Business is still tough, new competition comes from every corner and buyers are still hesitant. That makes for interesting decisions coming from marketers, product development teams, customer service and other outward facing departments inside of companies.

Ask these questions and you will get answers that come from every end of the spectrum. Almost unanimously though the answers will be connected somehow to social media. If you are outside the social media bubble, then you talk about social in it’s entirety as a the “shiny new toy”. For those inside the social media bubble, you refer to all of the tools, gadgets, new platforms as the “next big thing.” Depending on your perspective, both of those views are correct and both views can help companies solve real business challenges across many of their departments.

But what does the shiny new toy refer to exactly? Assuming the shiny new toy syndrome in this case refers to the use of social media and any new gadgets associated with it, then we might be simply talking about innovation through the use of social. Innovation coming from new processes, procedures, ways of connecting and engaging everyone from the inside out. So I guess the whole shiny new toy discussion is a bit subjective. To newbies into social, the whole experience will be new and, to them, pretty innovative. To veterans of social media it will take a lot more to get them excited than simply dipping their toe in the water.

The other discussion has to look at the opposite of innovation (a new way of doing something) or even perceived innovation. If you are not innovating then maybe you are content to do the same action over and over possibly expecting a different outcome (don’t they call this insanity?). Well let’s not go that far, but there is some wisdom in taking what you already know, with what you already have and simply doing it better. In the corporate world we call this execution. Take for instance, bottled water. To me, the consumer, water is water is water. How do I make my decision on what to buy then when I am thirsty. If I have choices, I will usually buy Dasani. Why? It doesn’t taste any better nor is the design of the bottle all that great. I just know it’s a Coke brand and I happen to trust Coke products. So whatever the messaging or interactions, Coke has executed better IMHO than pepsi or any of the other competitors. This is not innovative, just better executed over time.

So how does your company start growing again or meeting it’s targets? If you always chase the “shiny new object” (which as we learned above is very subjective) then you have little time with your limited resources to execute, to over deliver on expectations. The other option then is to stop chasing the latest new toy, gadget or platform and get back to old fashioned blocking and tackling. After a while, blocking and tackling will get stale though. Maybe there is a happy medium? Time to bring in the proper expertise. This week’s moderator is Greg Verdino from the full service social media agency Powered, Inc. Greg’s long tenure in this industry and reputation as a trusted senior strategist will help us make sense out of setting corporate priorities and balancing the next big thing with proven blocking and tackling methods.

Join us Tuesday 3/2/10 at 12 noon EST for the conversation by following the #sm49 on Twitter or by viewing our LIVE page (which has been recently enhanced). the topic:

Topic: The Next Big Thing is So Last Year

Q1) Why are marketers so obsessed with the next big thing even though so many turn out to be next big busts?

Q2) How do you balance the benefits of strategic innovation with the risks of constantly chasing shiny objects?

Q3) What’s the one social media “old thing” most marketers still get wrong?

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Tags: Greg Verdino, innovation, jason breed, marc meyer, next big thing, shiny new toy, social media
Posted in corporate | No Comments »

Social and the New Model For Market Segmentation

Tuesday, February 23rd, 2010

So you know by now that we attempt to shake things up a bit and challenge people to think differently about topics and their impact on business. Our topic this week is no exception and with the skills of our moderator, we are going to test those limits. This week’s discussion is around market segmentation and how social can change how we approach it.

Market segmentation is more than what markers do with homogeneous products before deciding which actress to use in the commercial to best reach a desired consumer group. Market segmentation is defined by Wikipedia as:

“A market segment is a sub-set of a market made up of people or organizations sharing one or more characteristics that cause them to demand similar product and/or services based on qualities of those products such as price or function.”

This is a good start as a definition, however this does not even begin to scratch the surface. How do we take this to the next level? To explore ways by which to re-imagine consumer grouping, we must get past the traditional segmenting like demographics, geographics, income, even behavioral. For many marketers, they look at data models that break out behavioral with layers of demo and geographics mashed in. This modeling then determines a budgeted ad spend for a period in time like 3 or 6 months where the messaging is developed, pricing assigned and commercial created. The problem is that by the time the ads hit, the data models have shifted and the intended groups have moved on. Now with peer reviews and endless product content the real-time web is heavily influencing consumer preferences that continue to change with increased velocity.

Savvy marketers have been using insights for more than just marketing also. Saavy marketers use segmentation for product development, pricing, marketing channel, and even customer retention. Using the last example, customer retention, the segmenting considers factors like profitability, strategic fit, product version and longevity. Can you service your customers differently with better targeting for profitability or would you be more proactive with customers who were ripe for renewal or upgrades? Now consider going beyond your internal gates and imagine the results if you combined internal factors along with external or social listening capabilities. Maybe that customer who is really loud socially is a drain on your profitability.

So what this means is that the social web is having a profound affect on preferences, therefore insights that are not derived in near-real time are simply missing the mark. If we open our research and insights departments to the social web, how can they can they use these tools that have never been considered before? Every company will find different value in different social instances, however there are some great new possibilities that are emerging:

What if you titled the buckets of your listening tools with Underserved, Disenfranchised and Contemplators. Could you use that insight to build better products or price more according to near real-time inputs?
What if you targeted people who played Mafia Wars on Facebook or joined relevant fan pages. Could you use those applications for consumers to self segment themselves and find commonalities?
What if you targeted people who used certain hashtags (#) on Twitter or similar platforms. Could you infer commonalities from everyone who tweeted #farm, #beer or #sweets?

Understanding and using social segmentation is challenging. The pace at which social moves and the pace by which people flutter around digitally are simply exhausting. Marketers like General Mills and Coke are early adopters of social segmentation and blazing a trail for others to follow. This week’s moderator Ken Burbary is going to help us sort out this topic. Ken manages the social media duties for Ernst & Young where he develops these types of solutions for their respective clients. The topic this week is:

TOPIC: Social and the New Model For Market Segmentation

Q1) Is traditional market segmentation still relevant?

Q2) What should be more important for Brands: social segmentation or engagement?

Q3) How are you segmenting your customers with Social Media?

Please join us Tuesday 2/23 at noon EST by using #sm48 on Twitter or follow our LIVE page

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Tags: behavioral marketing, consumer insights, jason breed, Ken Burbary, marc meyer, market segmenting, social
Posted in Branding, Measurement | No Comments »

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

Friday, February 12th, 2010

Listening 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.

You want to listen for mentions of your company, brand and top executives
You quickly determine there is no way to manually search every blog post, tweet or comment on the web so you turn to automation
Yeah, now you’re tracking buzzzz, but what does it all mean?
So you start running reports and determine they are inadequate at best.
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.

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Tags: analysis, buzz, jason breed, Katie Paine, Listening, marc meyer, opinions, sentiment, social media monitoring
Posted in Listening, Measurement | 1 Comment »

Destruction of the Media Industry: Will We Be Better Off In the Long Run?

Friday, February 5th, 2010

Laying out the fundamental issues and challenges in a post has become an integral part of the success of our weekly events. Usually I produce the post and the moderator comes on Tuesdays and facilitates the discussion. This week is an exception. Our moderator, Paul Gillin, has delightfully taken the initiative to not only come up with his own topic, but to construct a post as well. The following is the guest post by Paul Gillin:

———————

As we head into the second decade of the new millennium, it’s amazing to think how much has changed in such a short time

January, 2000, few people had heard of Google. Online advertising was banners and e-mails. Big media brands dominated the Web. US newspaper ad revenue would hit record levels that year. Newsroom employment would peak in 2001 as newsstand sales of the top 100 magazines approached 30 million. No one had heard of blogs. People used mobile phones to talk.

Fast forward to 2009. Last year, people spent six billion minutes on Facebook, downloaded one billion YouTube videos and logged over 1.4 million blog entries every day. The iPhone became the first mobile phone to be used more for data than for voice. The Internet became the second most popular news medium behind television. Wikipedia posted its three millionth article.

Meanwhile, US newsroom employment fell to a 25-year low and magazine newsstand sales dropped 63% from of their 2001 peaks. Reader’s Digest declared bankruptcy. Comcast said it would buy NBC.

The statistics go on and on. In just 10 years, our century-old mass-market media model has given way to a new structure dominated by the economics of one. Customers now take their opinions directly to the market. Woe to organizations that don’t listen.

The contraction of mass-market media has brought plenty of pain. Tens of thousands of media professionals have lost their jobs in the past two years, crowdsourcing has sent some professional fees into a tailspin and veteran marketers are under threat if they don’t “get” social media. But is this pain necessary, even beneficial in the long run?

Media has historically been one of the least efficient disciplines on the planet. It’s a profession that declares success if only 97% of its audience ignores an ad or tosses the mailer into the trash. It gains one customer at the expense of annoying 50 bystanders. When department store magnate John Wanamaker said half his ad dollars were wasted, but “I don’t know which half,” he was being generous.

The new Internet has flipped the economics. As media control has passed from institutions to individuals, waste has begun to be worked out of the system. The cost of reaching a targeted customer will only decline in the years to come. Sadly, efficiency will also devastate those industries and professions that thrived on media’s historical inefficiency.

There’s no question we’re in a period of media destruction, but is this a necessary precursor to a better world? Today, everyone can be the media. That means we have unprecedented access to information from all points of view, but we’ve also lost our sense of whom to trust. Is ubiquitous access to unlimited information a blessing or a curse? What will we be saying about his period a decade from now?

———————

That’s a great foundation for this week’s topic. I’ll add a couple of thoughts directed squarely at the corporate side of this discussion that relate to content, trust and brands.

Today anyone can produce content and distribute to a potentially sizeable market. The capabilities are ubiquitous and the cost is next to nothing. With so much content now available, many forms of content quickly become commoditized and thereby become almost irrelevant. With that, think about your company for a minute and the brand/s you represent. These brands are usually strongest when consumers view them as a resource for their specified purpose whether it’s household cleaning, motor oil lubrication, exercise equipment or anything else.

Since commoditized content is counter-intuitive to your brand strategies, aggregating stuff (content) just so you have more stuff does not fit with most corporate objectives. Whether it’s for your customers, employees or partners, you want them to come to you as a resource for trusted content rather than as an aggregator of everything.

Harnessing appropriate and relevant content as a resource for your customers / audience is becoming a significant differentiator in the market.

Topic: Destruction of the Media Industry: Will We Be Better Off In the Long Run?

Q1: Does the proliferation of new media make us more informed or just more confused?

Q2: Can businesses and institutions legitimately fill some of the trust gap that’s been created by the collapse of media institutions?

Q3: Can armies of bloggers and citizen journalists fill the void left by the loss of media institutions?

So the chat will take place Tuesday 2/9/10 at noon EST. Participate by following #sm46.

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Tags: corporate content, jason breed, journalists, marc meyer, media, newspapers, Paul Gillin, publishing
Posted in social media | No Comments »

Fear Factor: Understanding the Value of Adding Social Media to the Mix

Monday, February 1st, 2010

FUD! (Fear, Uncertainty & Doubt) is typically used by sales and marketing types to position themselves against competitors. IBM used to be renown for using this tactic and now it’s being used in a different way. Executives are turning FUD around and using it on their own organizations with regards to the use of social media. While companies widely accept that social media is transforming the business landscape, executives are still reluctant to approve anything more than small tests or pilot programs.

This reluctance by executives is being translated by many to simply infer that they are scared. Looking at it from an executive point of view however might shed a different light on the use of social media. Companies have spent decades building out their networks of consumers, partners, suppliers, employees, and special interests. So why does management shudder whenever you begin to put a “social” in front of the network? Consider, today’s business models are developed with layers of hierarchy and managed very linearly. By this, I refer to the typical order of developing product, inserting the supply chain, managing distribution, creating point of sale campaigns and attracting consumers. There is a very linear process for managing corporate messaging, customer service, measuring consumer sentiment, channel partner alignment and so on. What social media does is dis-intermediates most linear processes and connects disparate networks in ways that enterprises have not yet created “management” solutions for. Like the classic management book implies, we have moved the preverbial manager’s cheese. So what does this mean to social media champions inside companies?

In order to make decisions, executives need clear objectives, relative impact on short term and long term business and data points to back it all up…not theory. Introducing a company’s employees to be social is one way to start (a good post by Rachael Happewill help identify ways to get started). This helps to build confidence, trust and develop skills for those tactical purposes. What is still missing though is the bigger issues surrounding change management and working procedurally in a non-linear environment. For instance, at its most basic, what happens when corporate messaging is spread by consumer reviews not Corp Comms department? What happens when consumers demand (or request) product features instead of market research? Take it a step further now and consider what might happen if your consumers could connect directly with your suppliers and eliminate your company’s rolein assembly? Now it moves beyond ratty little conversationalists to a complete dis-intermediation of non-essential middlemen and your company is no longer relevant (think newspaper business).

In order for companies to consider adopting social across an enterprise, social media strategists need to move beyond campaigns and tactics and begin considering corporate lineages. A research study commissioned by Cisco contained keen observations for agencies and strategists to consider.

“Only one in seven of the companies that participated in the research noted a formal process associated with adopting consumer-based social networking tools for business purposes, indicating that the potential risks associated with these tools in the enterprise are either overlooked or not well understood.”

This is only one of the findings that was pointed out. The entire excerpt was reported by CNNMoney here.

How do we ease executive’s minds and begin socially infusing companies? Our moderator this week is tasked with helping connect those dots. Helping us out this week, B.L. Ochman will provide her years of insight and success at convincing executives to get past dipping their toes in the water. Our topic and questions follow:

Topic: Fear Factor: Understanding the Value of Adding Social Media to the Mix

Q1) Why do executives still doubt social media?

Q2) Do companies have time for social media?

Q3) Are there quick tactics that can be used to build company enthusiasm around SMM?

The twitter based chat will take place on Tuesday 02/02/2010 at noon EST. To participate follow #sm45 on your favorite Twitter client or on our live site.

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Tags: BL Ochman, business process, Fear uncertainty doubt, jason breed, linear models, marc meyer, nonlinear process, social media
Posted in corporate, social media | No Comments »

Twitterville – What's Happened, What's Coming

Monday, January 25th, 2010

It is not often that a technology comes along and changes the world. That is the case with Twitter. Started in 2006 by Jack Dorsey, Twitter is a micro-messaging platform used to communicate via the web or mobile 160 characters at a time. In only a few short years the service, both widely acclaimed and widely criticized, has certainly had it’s impact across all corners of the globe.

The impact varies as much as the individuals who use it. Some things Twitter has been used for includes:

Reporting News – the first news and pictures of the Hudson plane crash were sent out on Twitter before any major media was on the scene.
Civil Unrest- like the twitterscope (microscope that Twitter creates, yeah I just made that up!) around the Iranian presidential elections of 2009. The world gained insight into the civil dissention surrounding the election proceedures with detail like nothing ever witnessed before.
Education – grade school teachers turning to Twitter to help in class projects and providing global experiences.
US Politics- most notably, President Barack Obama used Twitter daily to connect with supporters pre-inauguration.
New Business – small companies using Twitter to scale like Threadless and others use it to pick up incremental business like Tony & Alba.
Public Relations – many companies are lifting the corporate communications veil and using Twitter to humanize the organization like Kodak’s CMO. Government agencies are also using Twitter to communicate better

Need more examples? Well, this week’s moderator actually wrote the book on Twitter case studies from over a hundred interviews he completed. Now he wants your story. Shel Israel has a storied career in the social media space helping companies, from start-up to grown-up, better utilize digital communications to grow their businesses. This week’s #socialmedia chat will take a look at how Twitter is affecting all of us and where Twitter’s value will lie in the future. As one of the industry’s most respected thought leaders, you won’t want to miss this opportunity to “hang out” with Shel Israel for an hour.

Topic: Twitterville – What’s Happened, What’s Coming

Q1: How did Twitter change you business in 2009?

Q2: How will Twitter change in 2010?

Notice anything different here? This week we will focus on only two questions (compared with the usual 3). Please join us Tuesday 01/26 at 12 noon EST and follow along at #sm44

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Tags: business use of twitter, jason breed, marc meyer, Shel Israel, twitter, Twitter case studies, Twitterville, value
Posted in social media, twitter | 1 Comment »

The Social Media RFP: How to Get the Best Results

Monday, January 18th, 2010

If you want to purchase an accounting system, customer relationship manager (CRM) or enterprise resource planning (ERP) platform for your company, it’s a pretty established process. There are a few meaningful vendors in your space determined by the size of your company, the features are all pretty clear and there are case studies galor for how-to and how-not-to select, implement and run those systems. Now, if you want to source some external help for social media, well that’s a different story.

We hear how everyone is a social media expert whether they’re certified or self-proclaimed. You can find people who believe many are akin to snake-oil salesmen and of little use. But if you are a company who needs external help, how do you weed through this entirely new industry? That is the point of this post, to effectively source external software and/or services to help deliver on your social media initiatives.

The industry is growing by the day: Agencies (traditional, interactive, digital, public relations, etc), Consultants (individual or small teams), web-development (SEO, measurement, advertising, now with social elements), Software Vendors, Service Vendors and you could continue to sector this list ad nauseum. All of these different components all have varied levels of experience whether personal or corporate and varied levels of perceived successes. Wading through all this fluff to get to someone who can meet your specific needs is difficult at best. One of the most proven methods of sourcing external suppliers is through a Request For Proposal process or RFP. As stated in Wikipedia, an RFP is:

“is an invitation for suppliers, often through a bidding process, to submit a proposal on a specific commodity or service. A bidding process is one of the best methods for leveraging a company’s negotiating ability and purchasing power with suppliers. The RFP process brings structure to the procurement decision and allows the risks and benefits to be identified clearly upfront.”

Where to Start? There is a widely accepted order by which to initiate and execute a typical RFP.

Establish Criteria for Evaluation: “If you don’t know where you are going, any road will get you there” ~ Alice in Wonderland. Two key things here: 1) pull together a cross-functional team to develop criteria. this gets broader input and incorporates all departments from the start which will make ultimate buy-in that much easier. 2) evaluate your needs and develop criteria that would best meet those needs.
Vendor Research: Once you have identified the criteria by which to evaluate, begin to research which vendors may fit (large agencies, small consultants, big integrators, small off-the-shelf, etc) and develop a preliminary list.
Request For Information (RFI) or Request For Qualifications (RFQ): Some will say this step is not necessary or that it drags out the entire process too long. I tend to disagree however as it allows you to understand the market better and, done correctly, will provide additional direction for your RFP. From the RFI, you can eliminate roughly half of the prospective vendors on you list.
Develop and Send the RFP: Here are 2 RFP Templates to consider Sample Social Media Template from Social Media Group and Sample Unbranded SEO RFP. Possible organization by Purpose/Goals, Criteria, Timelines, Vendor Questions / Responses, initial cost estimates. The RFP should convey what you are looking to accomplish, the criteria by which you will measure, the expected timelines, additional capabilities and cost estimates. This will elicit consistent responses by which to evaluate and rank the responses.
Review the Responses: taking into account the criteria, evaluate the best responses by committee (remember the more input along the way, the easier the buy-in at the end) and narrow down to a top three (or simply choose a winner – see the next bullet for why not to do this)
Interview the top 3 responses: At this point, you notify the vendors they have either made it to the finals or they have been eliminated from consideration. By having this process, you maintain the most negotiating leverage. During this phase, you can narrow the scope, interview vendors and negotiate final costs. If vendors know they are still competing, they will continue to put the best package together that they can offer. If you wait to negotiate pricing after you award a final vendor, the negotiating leverage moves to the vendor.
Make a Selection:this speaks for itself. Remember to organize timelines and accountability from both sides to make sure everyone knows who’s responsible for what during the installation process.

Now this is a traditional process and for the most part I would follow this procedurally. My one hesitation is actually in developing social media criteria, companies will typically lump technology, strategy development, execution, community management, SEO, advertising purchasing, etc into one big project labelled “Social Media Initiative”. Personally, there is not one company let alone person who could pull this entire project off. My recommendation then, is to create sections of the RFP and allow vendors to submit responses only for those areas where they are strong or to actually create 3-4 separate RFP processes which most companies are not equipped to pull off. Let us know in the comments if there is a better process that you have encountered.

While this is a good start, it does not provide the nuanced detail needed to truly start this process for your own company. For this, we bring in the creator of the Social Media RFP and top strategist Maggie Fox. Maggie and her team at the Social Media Group work with companies like Ford Motor and SAP to deliver social media solutions. She will moderate this week’s session and help us all prepare to source external suppliers to help meet our social media needs. This week’s topic and specific questions include:

Topic: The Social Media RFP: How to Get the Best Results

Q1: How do you formulate a proper RFP that conveys your social media goals?

Q2: How do you identify the vendors, consultants or agencies to send your RFP to?

Q3: How do you evaluate your responses to pick the best solution?

Please join us this week as Maggie Fox moderates our Tuesday #socialmedia chat at noon EST. You can follow along by watching #sm43 from any twitter client or simply from our LIVE page.

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Tags: INgage Networks, jason breed, Maggie Fox, marc meyer, request for proposal, RFP, social media, Social Media Group, soliciting, suppliers, vendors
Posted in Content, corporate, social media | 1 Comment »

Socializing My Business – What Comes After the Chit-Chat?

Monday, January 11th, 2010

Everyone’s talking about integrating social media into our everyday business. Whether you have a small local business or are a global enterprise, everyone is interested in the best way to incorporate social media practices in some way to solve their business challenges. As with any disruptive technology there are no shortages of short-sighted integration strategies. Initially we all focus around the new shiny toys/technology then we focus on the people side and the individuals who are using the shiny new toys are how great they are for it. Eventually we need to evolve, to discover the best ways to integrate into our management and business practices.

Over the last couple of years, we have seen many attempts at defining the RIGHT approach. First, it was Forrester with the POST methodology where the People, Objectives, Strategy then Technology were the core focus. This approach turned everyone into strategists, albeit for the betterment of campaigns. Campaigns are how agencies are oriented, client teams organized by geography then charged with the next big idea to WOW consumers. Therefore, this is how many large companies who outsource their creative and marketing duties with agencies started “trying out” social media, through a number of well-thought out , one off campaigns. The problem with the campaign approach is that everyone figured out that if social media is about developing relationships then a series of unique campaigns could not possibly deliver on the expectations that social media marketing promises.

On the other side of the spectrum, the Dachis Group recently rolled out their methodology around Social Business Design. This approach says that the only way to compete in the future is re-organize the entire enterprise from the ground up with a framework to be a social business by design. There is some good thought here around culture, business process and technology however no company wants to be the first one to scrap decades of legacy to “try” a new way to build a company. Even if the management agrees to it, the shareholders will demand proven solutions.

So where does that leave companies? Right now it depends on their leaders. If you break out small businesses, it comes down to the type of leader that runs the company. Some individuals “get” Twitter or other tools and will figure out how to make them work best to solve their unique business challenges. Other small business leaders still need to be convinced this new “fad” will last before they invest any of their time into it. For each respective small business competing in a local market, it will come down to whomever continues to build better relationships with their consumers whether online or off. If customers feel a connection, they will patronize that local company whether they follow them on Twitter or not. It’s still that simple. Want proof? Look at how many small businesses still do not have a true website…and they have made it this far. Focus on a great product and over-the-top service and people will continue to purchase from you and spread the good word.

For larger business competing in multiple markets or globally, social business will play a larger part of their business success. The speed by which information travels socially is simply overwhelming, good or bad. Consumers have a new expectation for engagement, service and transacting. Companies who succeed will be the ones who are able to embrace this new consumer, employee, partner or shareholder and manage appropriately to those expectations. Note of caution: Simply communicating quickly does not equate to a new, successful social business. So what else is there?

Social business transformation is happening from many fronts and is yet to be perfected. But one thing is for certain, you do need to understand more than just technology and culture to truly apply social to your business. While every business is different from it’s management, employees, culture, focus, expectations, etc your consumers are still the same as your competitors. The big question then is how to win. In my opinion, those who consider the underpinnings of prior corporate revolutions will be better suited to transcend into this new age than those who continue to stay shallow in their thoughts. Consider such areas of practice such as:

Phsychology: Mazlow’s Hierarchy of Needs which refers to 5 basic needs including: physiological, safety, social, self-esteem and self actualization
Sociology: which is often referred to as the Social Science, is the study of human societies.
Network Sciences: LikeMetcalfe’s Law - which conspires that networks (of faxes, phones, computers, people, or anything else) dramatically increase in value with each additional node or user

These sciences have influenced business revolutions including the information, managment and globalization business revolutions that have helped shape the pace by which we operate today. The question is how the new Social revolution will re-shape traditional business practices today and in the future. Less discussed movements like social production, cognitive outliers, the wisdom of crowds and distributed transparency will certainly help shape this business revolution and the companies who embrace these learnings will emerge as leaders in the future. The only way to get your businesses out front will be to look beyond the shallow dialogue like openess, autehnticity, transparency and building relationships that is prevalent today and start understanding how the sciences will continue to influence business and consumer expectations.

Social, Managerial and Organizational Dimensions will all have an impact on both intra-organizational and inter-organizational aspects in social business integration. To take us through this week’s conversation will be a true change agent in her own right, Kristi Colvin. Kristi has a tremendous amount of experience leading corporate integration of disruptive technolgies. She will lead us through a series of questions to help challenge us to think deeper in managing our organizations through this monumental, customer led sea-change that is upon us. The topic and questions follow:

Topic: Socializing My Business – What Comes After the Chit-Chat?

Q1: Why do we even need to integrate social into our businesses?

Q2: How should you begin to socialize your business and what should you expect?

Q3: What does social business integration look like for employees & the company?

This week’s chat will take place Tuesday 1/15 at 12 noon EST as usual. To follow the discussion, use #sm42 from any popular Twitter app (like tweetchat, Tweetdeck,Seesmic) or from our LIVE page.

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Tags: business integration, jason breed, Kristi Colvin, marc meyer, neighborhood america, network science, social business integration, social media
Posted in corporate, social media | 1 Comment »

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