Chicago

social media week

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.

Tucker Max. I’m Impressed.

I will be the first to admit that when I saw my assignment to blog for tonight’s conversation with Tucker Max, I rolled my eyes. I can assure you- I never expected to walk out of tonight’s Social Media Week event actually being highly impressed with this keynote speaker.

Now, don’t get me wrong- I will give credit where credit is due. Clearly, the guy can write-I’ve read his blog, excerpts from I Hope They Serve Beer in Hell, and even a few of his tweets. Not only is his writing entertaining, but it’s more than a little well-written.

It was more the prospect of having to put up with his personality that caused my instinctive eye roll. I mean, it’s no secret that Tucker Max is known for partying, womanizing… and having an absolute BLAST along the way. Therefore, when he sauntered into the Hyatt Regency ballroom for his interview with Julia Allison, beer bottle in hand, I knew it was going to be one long hour.

I was wrong.

As the conversation unfolded, I found myself constantly impressed with Tucker’s insight and wisdom regarding social media and personal branding. Coming from a guy who only follows 53 Twitter handles, yet has 167,000+ Twitter followers, it’s apparent he’s doing something right navigating that social media landscape. By understanding that he must respect the attention of his fans, while always keeping in mind why his audience cares about what he has to say, he’s been able continuously effectively build upon his reputation.

Although his personality can be arguably contentious, Tucker clarified that he never tries to be hated or controversial… he just tries to be funny. In the end, though, there will always be those haters. But Tucker never lets those haters get to him, because they serve as proof that he remains relevant and important enough to challenge them.

When the conversation ventured to the topic of corporate social media, Tucker certainly did not mince words. In order for a company or brand to be successful in today’s society, it must be able to show people how their products create and add value. However, most corporations are purely interested in selling stuff to their audiences, resulting in a lack of authenticity that is crucial in order to effectively appeal to a social media audience. As such, Tucker equated corporate social media with “bullsh*t”.

I think we can safely say that Tucker Max rarely, if ever, follows brands or CEOs on Twitter.

Nor does he follow people one would “associate” with the stereotypical Tucker Max personality (read: hot girls).  His response? “The only people who follow hot girls to sleep with them are pro athletes.”

Gotta get some Tucker Max-isms in there somehow, right?

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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