Chicago

kerry sugrue

The Million Dollar Question

During Social Media: An Information Treasure Trove, our moderator, Amy Guth of the Chicago Tribune, kicked off the session with a fully loaded question: Why do we measure, what do we measure and how do we measure?  With only an hour and a half, my first thought was how are we ever going to get to the second question?  This is the million dollar question for any marketer exploring the social space.  As Justyn Howard, CEO of Sprout Social, pointed out, we would be surprised how many businesses don’t even have a benchmark to measure against and it’s probably because they don’t know where to start.

So, where do you start?  Patrick Rooney, EVP of Zócalo Group, says the first step is listening.  You need to get to know the landscape of your industry by understanding your audience, what they are talking about and where they are talking about it.  Knowing your market will be indicative of your success.

Then you need to determine what you are going to measure.  Just measuring everything is not the solution.  Chuck Hemann, VP of Digital Analytics at Edelman, shared that even at the enterprise level you can’t measure everything.  Your goal is going to be at least one of three things: make money, save money or make consumers happy.  What you track needs to help you prove one of these.  Understanding the objective of your program will help with this.

Among all of the metrics you can measure, the panel agreed there are some that are undervalued.  Content is one, Patrick suggests.  Listen to what your audience wants to hear about and take a closer look at your content mix.  Mandy Zaransky, Manager of Strategic Insights for the Chicago Tribune, says sentiment is undervalued.  Although most tools used to measure sentiment are not totally accurate, if done right, sentiment is a great indicator of how people feel about your brand or product over a period of time.

However, the most powerful statement made was from Chuck: primary research is not dead.  You should be surveying your fans and followers, as well as holding offline focus groups to learn from your consumers.  When someone tweets “I love your new line of gym shoes!” instead of just saying thank you, ask them why they like them?  What’s their favorite part?  Would they recommend them to a friend?  Use these engaged followers to gain some insight. When you couple primary research with social listening, Mandy says, you will get the best results.

Are there any social media metrics that you feel are undervalued?

What’s the Big Idea?

Reintroducing a brand to a new demographic is not exactly small peanuts. Companies spend millions of dollars researching, testing and launching campaigns like this. But Jennifer Lucente, New Media Manager for the Chicago Architecture Foundation, showed us sometimes all you need is a big idea and a Twitter account.

The Chicago Architecture Foundation, or CAF, was founded in 1966. The foundation hosts 85 tours around Chicago, all lead by 450 volunteer docents. You are probably thinking Wow! 85 tours? I had no idea. That’s exactly the problem Jennifer was facing. The CAF was only reaching seniors and, while Jennifer assured us this demographic is fantastic; she wanted to reach the younger audience as well. In what she calls a personal brainstorming session, Jennifer came up with the Around Chicago in 85 Tours Challenge.

Jennifer began her personal journey to complete all 85 tours the CAF offers in one year and broadcasted it to the world, or at least to her modest following on Twitter, Facebook and CAF blog. Without the help of a PR agency and no budget for advertising, her story was featured in publications like Crain’s, Business Week and Fast Company, all because of her genuine efforts on social media. People started to join her during tours and take on the challenge themselves. That year, the CAF had the best attendance and revenue in its history! Through her engagement with the community, Jennifer also helped increase their Twitter followers by 77% and Facebook Likes by almost 200%. The best part? Her total costs were around $300.

At the end of it all, Jennifer truly did see her name in lights. The historic Chicago Theatre offered to host a party celebrating the completion of the Around Chicago in 85 Tours Challenge and put Jennifer’s name, along with a congratulatory message, on the marquis.

So what’s going to be your big idea?

Are You Sure You Want to Know ROI?

Demonstrating the return on investment, or ROI, for social media is a challenge every marketer faces.  But Scot Wheeler, Marketing Science Director, and Shaina Boone, VP of Marketing Science at Critical Mass, question whether ROI is what your senior management really wants to know.

ROI has almost become synonymous with value.  So is your CEO interested in the value of social media or the actual ROI?  It really depends on what they are willing to put into it in terms of time and budget.  If they truly are interested in the ROI, Critical Mass says there are three secrets to success:

1.  You have to have clearly defined business, marketing and consumer objectives

2. You need adoption, belief and trust in your objectives

3. You need to set targets and goals for your objective

Trying to measure ROI without clear objectives already set is quite literally a crapshoot.  Instead, use your first six months to a year on social media to monitor activity and set benchmarks.  This will help you estimate the returns you should expect moving forward.

As websites became more ubiquitous and necessary, people didn’t worry about proving their ROI.  Critical Mass hopes that as social media becomes a more mature channel, the same thing will occur.  If that doesn’t happen, Shaina jokes, you can easily talk someone out of wanting to know the ROI by showing them the process to find it.

Don’t be Barbara

The Internet is a scary thing for some people.  But Mark Britton, CEO of Avvo.com, assured us during They Said What?! How to Manage Your Online Reputation and Tackle Defamation Online, our opinion should not be skewed by the 90’s hit The Net.  International internet terrorists are not taking our information and plotting against our lives. The Internet is actually taking us back in time and closing the gap between people and products.  Before websites, companies relied on word of mouth marketing to grow their business, and those owners who interacted with their community were the most successful.  Thanks to Web 2.0, the same is true today; it’s just happening on a different platform.

A large factor in closing the gap between people and products is reviews.  If you have a product or offer a service, of any kind, you will be rated and reviewed.  This is a fact.  It’s what you do with those reviews that sets you apart from competition and defines your online reputation.

Mark, who founded and owns a review website, shared a story about a coastline erosion research project, which took place along the same shore the one and only Barbara Streisand resides on.  Aerial photos were taken during this project and among the thousands of homes along the shore that were photographed was Barbara’s.  This is where Mark’s warning comes in: don’t be Barbara.  She was horrified that her home was photographed and immediately sued the research company.  A long story short, Barbara lost the lawsuit and thousands of photos of her home were circulated on the Internet because she stomped her feet and yelled, instead of having an open, positive conversation.

This theory of don’t be Barbara translates perfectly to reviews.  There are going to be negative reviews, but they are nothing to be afraid of.  In fact, Mark shared that during focus groups, consumers do not trust a company that has 100% positive reviews.  Negative reviews are an opportunity for you to have an open, honest conversation with a customer on a public platform, where others can appreciate it.

Reviews should be part of your social strategy and you need to think through your policy and approach in a methodical way.  Don’t just stomp your feet like Barbara.

Social and Successful by Design

During the panel session: When Integrated Marketing Met Social: Love at First Like, Brad Keown of Facebook introduced the idea of Social by Design.  We, as humans, are social by design and therefore, we expect our online experiences to be as well.  If the 65% of the 750 million Facebook users who log in daily are any indication of our desire to connect, then businesses should be taking this whole social media thing seriously.

Social by Design is the idea that adding a Like button to your homepage is not enough.  You have to strategically design all of your communication points (website, email campaigns, text messages, etc.) to be social. There are four guiding principles:

Build from the ground up

When writing your social business case, make sure the questions what can we give people that they will want to share? and what would make someone want to engage with us? are at the top of the list.  You have to understand your audience and know what they like.  Facebook’s data can give you insights into this and using a third party tool, like Techlightenment by Experian, can help you leverage this data.

Once you understand who your audience is and what they like, you need to figure out how they consume information.  Take some time to listen to conversations happening on social media.  Where are they taking place?  What are they talking about?  What is the sentiment of the conversation?  All of this will help when deciding how to make your website and other marketing communications more social.

People are at the center

Your audience, or people, should be at the center of your strategy.  Regina Gray, of CheetahMail by Experian, described 2010 as the year of the follow, but 2011 is the year of the relationship.  You may already have a Facebook or Twitter presence, and you may already have thousands of followers.  Now it’s time to start listening to what they saying and using data to segment your communication with them.  A great example Regina provided was a survey for Sears.  They asked people what they purchase from Sears and one option, among many, was clothing and another was none of the above.  Using data from Facebook, they could see people who purchase clothing from Sears Like Katy Perry, whereas people who do not purchase anything Like Lady Gaga.  If the marketing team at Sears is looking for a spokesperson for a back to school clothing campaign, they know they should look into Katy Perry and not Lady Gaga.  By listening to consumers and taking a deeper look into their interests, you can be more strategic and successful with your marketing communication.

Part of putting people at the center is labeling your key influencers.  Charlie Lee, of Techlightenment by Experian, discussed the software’s ability to create a leaderboard of key influencers on social media in relation to your brand,  product or keyword.  Take Joe Shmoe as an example.  Your CRM system may show that his purchasing history is not too impressive, so he is not showing up on any extra-special-gold-VIP list when he calls the support line.  But if you look at his influence on social media, he may have 2,500 followers on Twitter and mention your brand more than anyone else.  Regardless of whether he is buying your products regularly, he is influencing others who are considering your products.  Shouldn’t Joe be added to your extra-special list?

Lay in the social plumbing

Now it’s time to add social plugins to your site so you can track and monitor who is talking and what they are saying.  Facebook makes this very, as Brad Keown phrased it, simple.  For my fellow laymen, essentially Facebook provides a couple lines of code for your tech department to add to your website.  The addition of this code gives you the ability to track shares and see demographic information on those who visit your website and are simultaneously logged into Facebook.  If your target audience is teenagers, who spend 79% of their online time on social networks, you can probably collect some pretty useful information.

Make it easy and scalable

Amy Gibby, VP of Marketing for Redbox, discussed how they have made connecting with them on social media simple for consumers.  Part of this strategy, Amy describes, is understanding that social media can be practical, engaging and emotional.  Redbox connects with users on all three levels. By thinking of social media as an inherent part of what they do in marketing, it has easily been integrated into their communications.  She attributes their social media success to being strategic and lucky, but as Adweek’s third most social company, I have to think it’s a lot more strategy.

Technology is constantly advancing and, as marketers, we need to keep up.  The CEO of Netflix recently pointed out that companies rarely die from moving too fast, and they frequently die from moving too slowly.  Keeping up with, understanding and embracing social media has become an essential part of having a successful marketing strategy.  Is your business social, and therefore, successful by design?

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