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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?

Questions, Comments, Complaints, and Your Brand

Smart brands have moved beyond simply opening up themselves to transparent customer feedback through social media; they’re now figuring out how to manage the customer conversation more strategically. At Social Media Week Chicago on September 22, three companies show you how they do just that.

United Airlines: Brand Protection through Engagement

Lora O’Riordan, manager of social marketing programs for United Airlines, shares how United has used social to manage crises. As she puts it, “Crisis management is an important part of our social media strategy. On any given day, we walk into the office and don’t know what kind of circumstance we’re going to encounter.”

For instance, in December 2010, a blizzard rocked Europe and ravaged New York, one of the most heavily congested air centers in the world. The storm ultimately disrupted all eight United Airlines hubs in North America, affecting 2,500 United Airlines flights and 2,000 flights for Continental (which had recently merged with United).

The experience was trying.

“At the time, we were still setting up our social media plans and strategies at United,” she says, “and we sorting out a more refined crisis management plan at Continental.”

On top of that, the magnitude of the storm was unexpected. “We just ran out of planes and space for flying,” she says. “I don’t think our response was a success.”

By contrast, when Hurricane Irene struck the eastern seaboard of the United States, United Airlines used social media more effectively to communicate with people and provide customer care.

The reason: United was able to anticipate and respond to the storm from an operational standpoint, which made it easier for United to handle the communications required to handle the fall-out of the hurricane. And both United and Continental were more prepared with social media response programs in place.

“From a communications standpoint, we could create a before, during, and after plan. We had a communications bridge line set up and could answer people’s questions as best as we could.”

 

Another type of “storm” that United must manage: flaming tweets from angry customers, especially celebrities and high-profile executives with large Twitter followers.

 

“The tweet from a celebrity becomes a crisis as the retweets multiply. On top of that, we are an airline — people like to pick on us.”

 

The key to addressing these Twitter storms is exercising judgment: is the tweet a valid issue requesting a response or a rhetorical statement?

 

She adds, “Celebrities and high-profile people create their own type of crisis. But if you have a crisis in the moment and you have zero followers, I’m going to listen to you.”

 

Unilever: Listening and Responding

 

Unilever has an interesting challenge, as articulated by Christine Cea, director of marketing communications: protecting the reputation for a huge portfolio of 400 brands ranging from Axe to Lipton.

 

It’s tempting to be overwhelmed – but Unilever is actually quite active. How? Answer: by empowering Unilever brands to engage with customers through tools like a Social Engagement Playbook and a listening dashboard.

 

The Social Engagement Playbook was created based on best practices especially from Unilever brands Axe, Ben & Jerry’s and Dove. Using the playbook and its own listening dashboard, Unilever can answer questions like:

 

What are people saying about our brands?

 

Who are our fans and influencers?

 

Which comments require a response, and which comments are simply rhetorical?

 

What should our voice be?

 

For instance, Axe has a very open and playful voice. The Axe voice uses terms like guys and girls to describe males and females. So, Axe responds to posts on its Facebook wall using a distinctive voice.

 

“Today, the act of listening is an equity statement,” she says. “If you are not listening in a concerted basis and responding in a concerted way, you become in the consumer’s eyes an ostrich with its head in the sand.”

 

Viewpoints: Helping Brands Find Advocates through Reviews

 

Viewpoints is a ratings review service for consumer products that manages community efforts for Sears Holdings.

 

Says Matt Moog, founder and CEO, “Twitter and Facebook are largely streams of content that appear and dissipate. Consumer reviews are longer lasting. Each time a review is written, it will be ready 50 times that year by a consumer.” So how to plan for the reality of customer reviews?

 

1. Identify and track specific issues to gain insight into the source of potential problems.

 

2. Reach out to “fans” and offer them some recognition.

 

3. Respond to complaints and involve customer service.

 

4. Promote your customer service approach.

 

Viewpoints client Procter and Gamble knows how to create fans and learn from its products from reviews, too. More than 3,700 people have reviewed the Bounce Dryer Bar – and not by accident, either. In fact, Proctor and Gamble asked Viewpoints to encourage those reviews, both negative and positive.

 

P&G worked with Viewpoints to send samples of the Bounce Dryer Bar to customers for them to review. And nine out of 10 people did so. P&G got feedback, such as “varies in lifespan depending on use” and “doesn’t stick well” on the negative side to praises about its scent on the positive side.

 

“Proctor and Gamble recognizes that reviewers form a fantastic focus group to understand what is right and wrong with your product, and what needs to be improved.”

 

And, of course, brands like P&G and Olympic Paint can call out positive reviews for their own advertising.

 

“If you want some action from a brand,” he says. “Review it.”

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?

Entertainers Finish First: Tucker Max on Twitter

“Does everybody know who Tucker Max is?” host Julia Allison asked the audience of mostly iPad-equipped twenty-somethings at Social Media Week on Tuesday evening. “Why else would you be in the basement of the Hyatt?” said Max, quick to assure his interviewer that everyone in the audience had come to hear solid, if not offensive, advice from the self-proclaimed asshole whose debut story collection “I Hope They Serve Beer in Hell” was made into a movie in 2009. The University of Chicago alum who turns 36 next week got into character by taking the stage with his own personal prop: a bottle of Fat Tire beer.

During his hour-long talk, Max repeatedly harped on the evils of corporate America (and the banality of their corresponding Twitter feeds), but was quick to defend his own authenticity and transparency as a prominent personality in social media. For a guy  that claims he’s simply trying to be himself, Max certainly takes a calculated and highly self-aware approach to his Twitter feed.

“The point of a Twitter feed is that people want to be entertained,” he said, adding “if it’s not funny for me, I don’t post it.” And though he insisted he’s not trying to sell anything by using social media, his Twitter feed shows that he has no problem with shamelessly plugging his new book in an August 16th tweet. He also admitted to monitoring the analytics of his feed to track exactly when his followers were most interested in his 140 characters or less.

He has over 165,000 Twitter followers, but Max, who prides himself on having made a name for himself “outside of the system” as he puts it, is perhaps his own biggest fan. When an audience member asked about the negative feedback he receives from his not-so-friendly Tweets, Max quoted one of his heroes, Eminem: “I love being hated because it lets me know I made it.”

While touting the virtues of his “spot-on” Twitter feed, Max advised that if you’re not communicating something that other people care about, “then it’s just self-indulgent” (an ironic statement coming from a guy who makes his living off indulging in his own detailed accounts of sex, exploitation, and otherwise bad behavior).

By his own standards of reasoning, entertainers are the only people entitled to such self-indulgence, and only in the name of hilarity, as the title of Max’s third book, due out in February, suggests. But at Social Media Week Chicago Tuesday night, hilarity did not ensue. Instead of laughing, I was really hoping they served beer in the basement of the Hyatt so I could take a drink for every time Tucker Max said “I’m an entertainer.”

–Jennifer Swann

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.

The new rules of publishing

The traditional book publishing industry as we know it is broken. But amid the dysfunction, authors have an opportunity to find ways to publish their ideas. During Social Media Week Chicago on September 19, representatives from alternative publishing and marketing resources share some examples during the session, “The New Rules of Publishing: From Digital to Beyond.”

Ross Kimbarovsky of crowdSPRING discusses how authors are using crowdSPRING as a marketplace for creative assets ranging from book covers to logos.  crowdSPRING taps into its network of more than 100,00 creatives to crowdsource the best idea for the author.
crowdSPRING partners with companies like Amazon for the actual marketing of your book.

“One of the mistakes people make with troubled industries is to apply existing business models that don’t work,” Ross says.

For instance, the conventional wisdom of publishing says authors must work with publishers to compete for shelf space on bookstores – a mindset that no longer holds true given the demise of bookstores.

Moreover, consumers can get access to free content from blogs instead of paying for books.

“We are no longer competing for bookshelf space but for mind share,” he asserts.

So you have to try different things: for instance, by keeping your name visible through blogging (if you can’t beat them, co-opt them). Or cracking into a genre by selling PDF downloads of a book cheaply to attract readers.

“Most people are finding about your work on Amazon,” he says. “And they will look for reviews of your book to make a judgment. So invest your time to build credibility with others by sharing your work for them to review.”

Lise Marinelli, president of Windy City Publishers, shares how her company helps authors (especially unknowns) develop and market books.

“We are partners with our authors. If they don’t sell books, we don’t go anywhere,” she explains. “I help marketers think of marketing their book even as they are writing it.”

By contrast, Melissa Giovagnoli Wilson, founder and CEO of Networlding, mentions that her company focuses on the use of social media and marketing to help more established thought leaders find their audiences.

Both Melissa and Lise stress the importance for authors to become their own marketers, whether you are an unknown or relatively high-profile content creator.

According to Lise, “When I sit down with an author who wants to collaborate with us, one of my first questions I ask that author is this: ‘How do you describe your book in one sentence?’” The question forces authors to focus on articulating a sales pitch for their book.

Her message: authors are more empowered than ever before, thanks partly to the rise of social media, which gives writers platforms to create communities of readers. But only authors who are willing to aggressively promote themselves will benefit.

The experts espouse these new rules of publishing, as articulated by Melissa:

1. You are in control. You have the power to do your own marketing and the tools to build a community of fans.

2. Don’t underestimate the power of social media. “You can’t be an author without being a participant in social media.”

3. An eBook is a necessary component of your publishing strategy.

 4. Think digitally. eBook sales are up 167 percent in 2011. Meantime, sales for hardcovers are down. Amazon killed Borders, and, according to Ross Kimbarovsky, Barnes and Noble will die. No traditional bookseller can compete with the digital world.

5. Bookstrap. Don’t write a book and then market. When you are writing a book, get started promoting it. Create your book cover before the book is done.

6. Build a networld of influencers and businesses – in other words, find a business network that delivers highest quality return for the lowest cost.

7. Keep seeking the new edge. Follow thought leaders like Seth Godin for innovative ideas like the Seth Godin Domino Project.

“You have to build your platform,” says Lise. “Especially if you are an unknown first-time author, you have to build your audience. Figure out how to find readers and give them a reason to follow you. Give away information on a blog, for instance. You can entertain. You can educate. But you need to give something away.”

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?

Designing Your Strategy

The ghost of Colonel McCormick chuckled along with the audience during Tracy Schmidt’s interactive panel “Social Media for Small Businesses: Designing Your Strategy” in the famed McCormick Room at the Tribune Tower. Miss Schmidt is the Manager of Educational Programs with Tribune Media Group and spoke to a lively crowd of business owners, PR agents, community managers, and social media rookies on Monday, September 19.

While Miss Schmidt was tremendously knowledgeable about her subject, she was witty and affable too. She engaged her audience in Q & A throughout the presentation; the room broke out in peals of laughter when a man named Gregg (two gs, he explained) mentioned that he didn’t want to see pets when combing Linkedin profiles for new recruits.

Amidst the merriment was brass tacks social media etiquette: the do’s and don’ts of Facebook, Twitter, Flickr, Youtube, Linkedin, Yelp, Foursquare and the like. We covered an impressive amount of terrain—galloping through the social media galaxy—but of all the information disseminated, most crucial was Miss Schmidt’s breakdown of the nine steps necessary for creating a social media infrastructure. She suggested that business owners update their website, improve seo, research competition, decide on a platform, enlist resources, train their employees, establish guidelines, test the waters and, lastly, evolve and adapt.

What Miss Schmidt proposed was a multitiered platform strategy for speaking directly to one’s preferred social media community. She explained that it’s not enough to simply use social media; one has to use social plug ins to express brand, voice, and personality in the rapidly accelerating media landscape.

Miss Schmidt is holding an additional class on Friday (which you can still register for) and a Master Class session October 13th on social media but until then, here are some quick tips: keep up with Mashable.com (the leading site for social media strategy), don’t only operate with Facebook as google can’t index activity there (it’s a private network, harrumph!), respond with care and attention to your customer’s comments and complaints via Yelp, Twitter, and Facebook, and recycle what you already have by posting company photos, in-house newsletters, calenders, and updates.

And remember: the world of social media is your friend! Use its riches to express yourself and you’ll be successful in branding yourself and expanding your market.

A big thank you to Tracy for her social media wisdom, The Chicago Tribune, and Mr. McCormick for his drafty digs.

Social Media Week Chicago Sponsor Showcase: NM Incite – A Nielsen/McKinsey Company

One of the coolest things about social media is that ANYONE can take part in using it.  No matter what level of experience or education one may have, the platforms are there for anyone to leverage.  Increasingly, we’re seeing members of the C-suite take control of social media themselves and thinking of new ways to bring into their organizations.

 

As CEO of NM Incite (a joint venture between Nielsen and McKinsey), Dave Hudson is proof positive that senior leadership can serve as a springboard for social media.  We could all learn a thing or two—or ten—from what an executive like Dave could offer up about social media.  As you’ll see, he had his AHA moment in one of the unlikeliest of places.

 

Dave Hudson, CEO NM Incite

On that note, Dave, when was your first “AHA” moment being introduced to the power of social media?

A few years ago we were remodeling our kitchen. We had an idea about what we wanted in terms of brands for our major appliances. Once I started reading product reviews and remodeling blogs, I decided to go a totally different direction.  Based on simply reading what other consumers had written, I redirected thousands of dollars of spend.  That was my “aha” moment.

 

How do you explain the value of social media to brands and companies out there who are aware of its power and influence, yet unsure how to best leverage the platforms?

There are a few myths that we try to dispel for brands when we work with them on building out a social media strategy.  Social media should not be a “one size fits all” approach and executives need to understand this.  With so many conversations happening in so many places, it’s important to understand where conversations are happening for different segments across the consumer decision journey, and where you are most likely to have an impact with your social media initiatives. A focused approach will allow for the greatest impact and the highest return on investment.

Also, there is a lot of focus on the volume of conversation, but companies should be equally concerned about the reach of that conversation. How many people have been exposed to discussions about my brand? If you have 10,000 people talking about your brand, but that conversation is read by only 10,000 other people, it probably doesn’t matter that much. But if those 10,000 mentions are read by a million or 10 million people, and that conversation happens to be negative, you’ve got a big issue to deal with. Marketers have always understood the power of word of mouth. Social media is word of mouth on steroids.

 

What does transparency mean to you, both personally as well as within your organization?

To me, transparency for both people and in business means owning up to problems and mistakes that are an inevitably part of everyday life.  Social media has really ratcheted up the importance of transparency, authenticity and trust. We no longer live in a world where companies can pretend like they don’t make mistakes.  Customers now have a bigger stake in controlling the conversation and companies and executives not only need to learn how to become more comfortable with this, but how to use authenticity and transparency to their advantage.

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