Posts Tagged ‘value’

Is Twitter Massively Overrated?

Tuesday, April 19th, 2011

Now here’s an interesting question.  Is Twitter massively overrated?  If you immediately answered this question with either a yes or a no, you might be under-informed.  Just as the question itself is general in nature, a generalized ”Yes” or “No” is equally too broad.  Twitter is the media darling right now and gets all the hype whether it’s deserved or not.  All the major news channels promote their Twitter handles, celebrities use Twitter and many executives announce their plans to move on via Twitter.  At the same time, companies large and small have set up Twitter accounts and millions of normal people have also set up Twitter accounts…and never gone back.  It really depends what you are trying to accomplish with it both personally and professionally.

Let’s split out some representative ideas on where Twitter is overrated and where it is useful.

Where is Twitter over-rated:

  • Individuals trying to connect with their friends.  Really hard to organize friends when you have to type @JonSmith, @SuzieSmith, etc everytime to send out messages.  In addition, by the time you type all 7 friends in, there is no room for a message
  • Companies trying to use Twitter as a channel for Press Releases when they are written as normal press releases.  Unless you write for Twitter with catchy headlines and engaging messaging, most companies get very little attention this way.
  • Individuals or companies who come to Twitter without a purpose.  Twitter is a vast wasteland of brief content bits and URLs (both long and short).  It’s hard to find anything in particular unless you know what you are looking for.

Where is Twitter under-rated:

  • Anyone looking for information by Topic.  Twitter has proven itself time and time again in its ability to organize and inform people around a topic whether the fall of an entire country, crash landing of a plane or the latest on pop stars.
  • Individuals looking to quickly connect with a person.  Assuming that person or company has a Twitter account, it is much easier to connect directly with someone via Twitter and more immediate than other channels like email.  Have a problem with a product, airline or home service (cable) just send out a tweet and you may experience much faster and better service than simply calling the toll-free line.
  • The ability to re-imagine your business.  Ramon De Leon and Best Buy’s Twelpforce both figured out a way to better their business by re-imagining it via Twitter.

These are just a couple of quick examples but they speak directly to the topic of this discussion.  In order to understand if you should be on Twitter, whether you are an individual or a company, you first need to understand what you are trying to accomplish.  If Twitter seems like it might be viable, then you have to understand if your audience is here and then how the effort it takes to be effective on Twitter creates enough value to warrant it.  What are some other areas where Twitter is over or under rated?  To help us answer this question, we went to Jay Baer, President of Convince & Convert.  OK, Jay actually brought us this topic which he wrote about yesterday that was one of his most engaged posts he’s ever done.  We wanted to continue this great dialogue to our weekly chat to make sure that we are not just following the Twitter hype machine but actually getting some value out of it.  Our topic and questions for this week’s chat are:

Topic:  Is Twitter Massively Overrated?

Q1:  Just 8% of the USA uses Twitter. Why is it such a big deal?

Q2:  In what circumstances is Twitter NOT a viable tactic for companies?

Q3:  How should companies decide where to participate in social media?

Please join us in this online chat on Tuesday, April 19th at noon ET.  Follow #sm107 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.

The Lifespan of a Social Community

Tuesday, August 10th, 2010

Are social communities getting old all ready?  Companies who jumped into the social fray a couple of years ago and built out their social communities are beginning to re-evaluate their benefits.  Other companies are looking to these early adopters for signs of value and best practices as they consider building out their own.

So by now, we have all figured out the magic beans for developing and sustaining brand or service based social communities.  Right?  Product research communities?  Unfortunately, those magic beans have yet to sprout.  Even within the same industries, companies struggle to replicate the success of their competitors.  Yet we know some of the ingredients that are needed.

  • solid platform
  • community manager
  • brand fans to join
  • some cute marketing to drive traffic
  • then, like fishing, we sit back and wait while listening all the while.

We rely on the community manager to create new, clever ideas every day for content and conversations to keep the candle lit and if that fails, we can always bribe them to stay (chatchkies!).   Seems a bit rudamentary even after 2-3 years of experience, yet we have a hard time trying to come up with that one killer idea that will revive our community and keep it engaged for another few months.  That may be one of the problems.  There’s not one idea but rather the execution of many smaller ideas together that keep the community going.  But it’s certainly hard to create the ideas when you are so vested in the middle of the community. 

Another issue may be the old hammer and nail analogy.  Most community managers and social media directors come out of the public relations or communications fields so it makes sense that content would be at the top of the list when it comes to brainstorming.  I have a bit of a problem with that though.  Almost by definition, it’s not sustainable and certainly it’s expensive.  So knowing that, let’s come up with new ways to increase the relevance of your community (for both participant and company), make it sustainable and most importantly add value.  We have to look beyond content as the strategy and consider what else is out there.  Here are some ideas:

  • Collect names in CRM not just the community.  Track users inside and out of your community (yes they have other interests).  See where else they go and incorporate those topics into your community.
  • Research how your users live, not just demographic and geo info, but the cultures they represent.
  • Incorporate Open Graph (facebook, Google, LinkedIn) tie-ins and recruit new participants from your existing user’s social graph
  • Use analytics to identify gaps in your community experience.

To build on the idea of sustaining you social community, we wanted to tap a professional resource and there is no one better than Connie Bensen.  Connie is a community strategist with Alterian (better know by their social monitoring solution Techrigy) and known throughout the industry as a go-to resource.  Connie will lead us in discovering advanced ways to create value from your communities and make them more sustainable.  Join us this Tuesday 8/10 at noon EDT for this topic and questions:

Topic: The Lifespan of a Social Community

1.  How do you plan resources for the lifespan of a social media engagement?

2.  Do the communities you create need a community manager or can they be self-sustaining?

3.  What do you do with a community when the budget is exhausted or resources are no longer available?

4.  Can a community continue indefinitely and how?

Follow along on Twitter or your favorite Twitter client by following #sm72 or simply visit our LIVE page at www.hashtagsocialmedia.com/live.

Twitterville – What's Happened, What's Coming

Monday, January 25th, 2010

TwittervilleIt 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

Determining the Tipping Point in Social Media

Monday, August 17th, 2009

tipping_point EggThe boss yells in one day that your company needs to “do” social media and would like you to lead the effort, and by the way, can we be up by the end of the day!  Ha, Ha, Right?!?  So you go about securing a Twitter account, setting up Facebook fan page and sneaking in a cute WordPress site on the tail end of your corporate website. 

There, all done!  Then you find out why…the company is announcing an amazing breakthrough product that will change the way people live forever!  Phone banks start lighting up, twitter breaks, you get 1,000,000,000 new fans on Facebook and nothing at this point is manageable.  Now What?

This is a common fear for businesses who are unfamiliar with this whole social thing.  The  “What happens if this actually works?” question. 

This is a question that we often get around developing social strategy for businesses.  Many companies still are trying to get their arms around being social and what it means.  Should their goal be trying to get 30k followers or fans?  Should it be to have 40 “conversations” per day? What if every cusotmer actually uses social and expects an immediate response?  These are all the relevant things that go through executives minds before they sign off on a social initiative. 

So what’s the answer?  The answer in most cases must tie back to strategy and be focused by department.  Your social solution must solve problems for the company not create more.  That’s where our moderator this week takes over.  Connie Reece is beloved by everyone and with her success at New Media Lab, she certainly has the experience to guide companies through the social media maze.  Connie will lead the discussion this week on Tuesday 8/18 at Noon EST.  The questions will be as follows:

Determining the Tipping point in Social Media.

Q1: Can a company have too many friends in SocMed?

Q2: When does quality trump quantity?

Q3: What are the most effective ways of scaling social for Business?

Remember: to participate simply goto the LIVE Page and follow along and post your ideas.  This is an interactive forum using collective experiences.