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The guide to social media marketing and buisness intel.pdf

This document discusses the integration of social media and business intelligence. It identifies 5 pillars that enable this integration: 1) Collection of user demographic data from social networks, 2) Ability of users to interact and evangelize, 3) Connection between internal corporate processes and customers, 4) Insights from social media sentiment, and 5) Development of pathways between product creation, strategy, marketing and BI. While there is hype around social media, the document argues that its true value is in how it fits within the business cycle and creates efficiencies.

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The Complete Guide To Social-media Marketing And Business Intelligence Please send comments and questions to: Socialbusiness@ciowhitepapers.com
Table of Contents Introduction.............................................................................3 The 5 Pillars Of Social Media and Business Intelligence Integration................................................................................9 The 7 Key Reasons You Need Social Media And Enterprise Marketing ..............................................................................22 8 Key Social Media Metrics and Their Actionable Responses ...............................................................................................28 The Nine Step Enterprise And Social Media Marketing Work Flow.......................................................................................33 Test The Social Media/Enterprise Marketing Waters For Free ...............................................................................................38 Available Solutions And 17 Essential Questions To Ask A Potential Vendor.....................................................................56 Linking Enterprise Marketing To Internal Business Processes ...............................................................................................64 7 Social Media Metrics That Drive Industry Development..72 Risks and Opportunities in Social Media and Enterprise Marketing...............................................................................76 Predictions For 2011-2012....................................................95 Conclusion:..........................................................................116
Introduction After a decade of stable functioning , growth and innovation social media and more importantly the platform (Internet) upon which social media occurs, has proven itself to be not only a cultural facilitator, but also a very real business tool. Social networks powerfully differentiate themselves from previous internet marketing channels in that on a daily basis, they are gathering, parsing and sorting the commercially valuable demographic data of the end user. While the currently used title for the present state of Internet evolution is 'Social Media', the phrase is restrictive because it fails to acknowledge the wide range of services, communications and evolutions that are concurrently taking place throughout cyberspace. While the phrase is descriptive, it is better to think of it as one of many views of the internet. It is important to recognize social media as a subset of a larger whole where the component parts and various platforms protocols and devices are all different ways to
see the same distributed information , communications and manufacturing network. What has generated a lot of the attention on the phrase social media is its potential to bring larger customer bases to smaller organizations that produce for increasingly niche markets, to make target customer metrics more granular and to enable the empowerment of the end user and client, giving them a sense of governance over how the products that serve them are created. This is because social networks bring the following functionality to the table: 1) Collection of user demographic data. Even at this relatively early stage, age, location and education levels are visible on the more popular platforms. As social networks and internet applications grow more complex, extended and more niche specific data will start to be accumulated and distributable to companies who could use this data to learn more about their customers and create more effective, timely and authentic promotions.
2) The ability of user<->user interactions to create evangelistic communities. Face to face promotion of a product from satisfied customer to potential customer is some of the most effective marketing available today. At the same time it also provides a reliable source of research for people considering a particular purchase. When amplified by the scope and processing speed of the internet, companies are fooling themselves if they think that they can continue on with the same communication methods they are using today. The potential benefits of initiating an evangelical wave are enormous in terms of generating loyalty, audience reach and sales. The trick and area of development that needs to be mastered is how to generate these waves in such a way that is reliable and measurable. 3) The fact that as a socially interactive medium, the internet serves as a powerful link between internal corporate processes and the client/consumer who is also the end user of a social network. The appearance of this pathway between functions in the business cycle is just beginning to define itself, but it is already clear that there are a few gaps that will result in extensive opportunities for companies that can facilitate efficient flow and interpretation of data along these roads while demonstrating tangible, not ethereal, ROI. 4) The pulse of ongoing dialog within Social networks/media
can be tapped to reveal community and consumer sentiment to a degree that traditional poll/focus group measurements cannot, particularly with regards to authenticity, the proximity to how a client or customer feels outside of a controlled environment. In addition, this consumer feedback is digitally inputted and easily parse able in a way that is suitable for Business Intelligence and operations processes to consume and turn into ongoing optimization. Of course, there is a lot of hype about social media, and this overabundance of exuberance has resulted in many people overlooking the actual tangible benefits of the phenomenon in terms of its ability to, at the end of the day, make more money. Social media by itself, does not generate cash. This has probably been overstated by now to the point that the internet consulting space is overflowing with people practically advertising their ability to not make money on the web, as though this is an unproductive behavior. They instead talk about social capital, social authority, mind share and all manner of methods to gain high social ranking, it is social media after all. The problem here is that this has or will eventually lead to a jaded view of these ongoing developments that will either drive immediate monetization of social media efforts or a complete discounting of this new infrastructure as a meaningless trend that will be an ironic memory is less than ten years.
The problem with either outcome is that there is then a failure to examine where the interactive and social internet fits into the business cycle between product creation, business strategy, public relations, marketing and business intelligence. The appearance of a social internet has revealed a path between all of these previously disparate areas. While one or two have been connected before, today the development of a pathway (indeed,pathways) between all of them is now plausible. There are still areas that need to be filled by various companies and organizations, but it is now clear to those looking with a more historical perspective, beyond cynicism or hype, that such a business flow exists and is currently under development, creating efficiencies and providing valuable insight. In this white paper we'll take a look at the various components of this chain, as well as the areas that need further development in order for companies of all kinds to either contribute to or benefit from this technological evolution.
Also Download The Free Social Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
The 5 Pillars Of Social Media and Business Intelligence Integration Definition: Social Media Management Systems are a group of applications or methods used to manage and track work flow in a distributed social media environment. They can be manual or computer-based and enable the manager to listen, aggregate, publish, and manage multiple social media channels from one tool. How it works: In the most basic sense, there are three simple features, 1) connect with social media channels like Facebook, Twitter and Youtube. 2) Allow the manager to quickly publish from one location to each of those channels, some provide ability to customize to each channel as well as schedule all or certain messages. 3) Aggregate and Manage social data. The system allows the manager to see an aggregated view of what’s happening (from views to comments) and will offer some form of analytics and conversion metrics to varying levels of depth and complexity.
Each of these basic functions can be expanded upon to incredible levels of detail. Social media as a platform has proven itself and is now a part of any marketing mix. At the same time, marketing has come to incorporate many of the features of business intelligence and in many cases connected to internal business processes. Overall, this development has been concurrent and convergent. That is, all these technologies have been evolving on their own unique paths for the last decade while at the same time looking across the bow at other parallel field's development and converging with them to the extent that they provide value. There is now a great degree of inter-relatedness and it is up to the organization to decide which mix is appropriate to their business. Those components are:
1) Social media 2) Marketing Strategy 3) Business Intelligence 4) CRM managing and nurturing a company’s interactions with clients and sales prospects 5) Internal Business Processes Each of these components relates to one or more of the others in a functional way that, if done correctly, adds value and efficiencies to to company, its products/services and operations. Let's quickly define each of these terms in order to be clear and also to see how they are different from each other. Social Media - This is how individuals and companies use websites who's primary source of content is the end user. Because of this, gaining credibility is a matter of supplying not only good content, but good social interaction. It is, after all, social media. A common starting mistake during the last two years has been to view social media as a platform for email blasts and 'campaigns' rather than as a process of communication. As understanding evolves, we will come to recognize that this medium is it's own beast with its own properties. While it is certainly possible to attend to customer needs and issues via social media, it is not wise to do so. The data interactions and access rights are all determined by the host of the service, not by you. Social media should be considered more of a broadcast and participation, and even lead generation media.
Social media relates to other business components in that it informs them with a real time immediacy that has been previously unavailable. This has huge potential for a new set of marketing metrics, and we are now in the phase of developing this infrastructure. The internet is now brimming with companies willing to parse through, store and interpret your social media interactions. Each of them with a different level of granularity, reliability and cost. CRM - CRM focuses on service, retention, sales and lead generation. This is the component that addresses the customer on a more one to one level and speaks more specifically on customer related issues such as terms of service, pricing, email lists and the actual sale. It differs from the social media component in that it is less promotional and participatory and more actionable. It is the mechanism through which deals are closed and customers receive hard goods. Social media informs CRM as to what actions need to be taken and CRM uses social media as a way to broadcast participation and messages that pertain to both current and potential customers. By making social media a CRM component, potential customers can have a first hand look at the company they will be dealing with should they decide to make a purchase. Marketing strategy - The methods and tactics used to gain the attention that leads to sales. Both social media and CRM efforts need to rely on a comprehensive approach to the customer that is built on
the companies mission statement and long term goals. Without this, the flood of information from a constant stream of services coming online will overwhelm the marketing approach and reduce it to little more than a scramble to answer everyone, one-to-one, in real time. Marketing to an audience that has this one-to-one potential does not obligate you to speak to everyone. Having these tools requires you to 'choose your battles' for maximum return. In the same way that a short tempered employee can embarrass his whole organization with one rude tweet, a well trained staff can create large positive waves of good will simply by focusing attention on a situation and audience that has high and positive visibility. Locating these spots on the web, these communities and times of day is the function of marketing strategy. Both social media and CRM interactions help to inform this
Business Intelligence - The ability to dig into data that has been acquired through disparate channels and business activities and then identify trends, opportunities and areas where efficiency can be improved. As stated above, social media and CRM are used to inform the long term marketing strategy. The problem is the huge volume of data coming from both channels. This is where business intelligence comes in. BI compiles, parses and interprets this data into reports and forms that are consumable by marketers and strategists. What business intelligence cannot do is change the quality of the data coming in. There does need to be a starting point so that an organization feels comfortable that incoming information is useable by the company, that it comes from the target audience. Locating these sources of useful data is one of the services offered by various consulting companies or dedicated marketing staff. In addition, effective business intelligence requires a staff or consultant who knows what to look for and how to find it, a person who knows how to read data in a way that provides business value. The majority of social media marketing and enterprise
marketing companies providing service today are in this space. That is, collecting data from your interactions and then interpreting it. They either do this for you, provide tools to that end or, as consultants, provide the strategy, recommendations and support for you to implement. Such companies define themselves, and their cost structure based on how comprehensive the data collection is as well as how deep the data analysis goes. Because this is a newly evolving area, there are many companies that struggle to define what it is that they do and how to integrate their offerings into your business process. Simple free services count how many Twitter followers you have or how many times someone mentions your name, leaving it up to you to interpret the data. Other companies collect data from Twitter, Facebook and Youtube (Or another collection of sites) and provide some interpretation for a monthly fee. Still other companies do above, with a more robust database implementation a deeper view, plus historical analysis
Finally, companies like SAP, Oracle and IBM provide the means to process huge amounts of information and highly complex analysis. At the low end, there is no marketing and branding consulting included. At the middle tier, such consulting is offered for additional cost and beyond this, various companies are balanced in different ways. Some are more focused on the technology and some are more focused on the branding/marketing/public relations aspect. At the high end, it is assumed that you are paying big bucks for a high end technology solution and that you can accept the cost or have your own resources to handle marketing communication separately. Internal Business Process and Strategy - How the company, organization, blogger operates day to day in order to reach targets. Internal processes can be informed by Business intelligence. Finally, there are the internal business processes. What a company does on any given day is a combination of its long term strategy mixed in with the feedback it gets from competitors, customers and industry dynamics. Information from each of these can be had from online activity, research and dialogs. Like marketing strategy, Internal processes don't communicate directly with the end user, they act on data compiled from business intelligence.
There is another sector of social media that connects staff in large company's in their own closed social media network, which can then be tied to outside communication channels, but it is still effectively an internal communication process. In effect, all five parts can be represented by a simple drawing of a car. Business Intelligence is the body of a car through which data is processed and interpreted, it passes two axles of communication channels that connect internal activity with outward facing activity. The dynamic of all this information broadcasting, collecting interpretation and adjustment is what drives the car, your business, forward. Failure of any component leads to stagnation, a breakdown in business intelligence leads to a stopped vehicle, that gets passed by other cars (businesses) and an ineffective tire (One of the components, Social Media, Marketing ,CRM, Internal Processes), Leads to a car (Business) going in circles. What you pay for when you pay for any of these services is a faster, better running and more efficient vehicle. You can buy a car complete or your can assemble your own, the choice is yours. If you buy a complete vehicle, with the best tires and engine block, you'll pay a lot of money. You can assemble a best-of-breed car, save some money and do the basic assembly yourself
You can build your own from scratch, save a ton of money and have a very flexible and modifiable vehicle, but you'll need top of the line mechanics (engineers) to build and maintain it for you. If you can do this, you'll then likely have a platform that can be resold to other people, and this is precisely what many companies do, they offer their own framework, one that has worked for them, to other customers. Having this understanding, you now have to evaluate your needs, go out on the lot and buy a car. You may want to just jump right in, get a pre-fabricated vehicle and start doing business, but there could be some issues here: a) Support issues b) Your dependency on the service provider c) How easily data can be ported to another system. The number of options out there is amazing. Here are some examples: The body: The business intelligence unit goes from the basic, a very low cost Mysql database that you will have to do the scripting on to get the data out of. Various 'single tires': business components that offer the marketing, internal process consulting, business strategy or social
media consulting individually. You assemble them together Various combinations of these tires (components), examples: a) Marketing plus social media b) Social media and CRM linkage c) Business strategy and marketing communication d) Business intelligence connecting one or all of the tires e) Internal processes with business intelligence Theoretically, with 5 parts there should be be 5*4*3*2*1 possibilities resulting in at least one company for each combination of collection of combinations. Obviously, the comprehensiveness and quality of the solutions will drive the costs that a given service provider quotes you, but at least now you have a picture of the myriad choices that face you, both as a customer and as a potential service provider.
Given the above, you most definitely see that knowing your needs and objectives, while it has always been critical, is now even more essential. There is simply too much to choose from for meandering experimentation to be a possibility and these tools really are necessary. For each mix, there is likely now a company that specializes in that blend. Because given blends are more suited to specific industries, some companies will feel comfortable serving clients in a given industry, as opposed to a particular kind of product. This depends on the scope of the service provider along with how successful they are in retaining business for their defined niche.
Also Download The Free Social Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
The 7 Key Reasons You Need Social Media And Enterprise Marketing Before we answer this question, it is about time that we abandoned the trendy, yet deceptive phrase 'Social Media Marketing'. Social media is part of the business ecosystem, not separate or autonomous. The question is less of implementation and has more to do with integration into existing business processes. Beyond that, it has the power to change business in fundamental ways. It is this last point that leads many to think that social media is a) New b) Its own autonomous entity. First of all, social media is simply the current iteration of the Internet, with user generated content, semantic storage, APIs and far improved parse ability via XML/JSON and the community of users as an asset. It is important to both forget and remember the phrase social
media at the same time. Forget it because you need to remember that you are talking about the scope of the entire Internet, not just Twitter. Remember the term, because on top of this Internet is being built a new cultural infrastructure that is more responsive to certain behaviors than others. Because this new social internet is becoming so interlinked with the business process, a better term would be Enterprise Social Marketing. Knowing these two things alone may be enough to convince you that you can't continue doing business as you are right now. New Internet technologies have rapidly matured and can provide significant value, efficiencies and insight. More compelling is that these tools are giving competitors a cost, authenticity and reach advantage. To be clear, though, let's list the reasons you need to implement an Enterprise Social Marketing solution. Cost/The Recession - This recession has been, and still is, so deep that fundamental changes in business thinking will have to occur. Without going to heavy into cause and effect, it is generally agreed that housing had something to do with the downturn. This would seemingly not affect an unrelated IT industry, but the devastation wrought by overvaluation has changed business thinking in general to the point that sexy is being replaced with ROI and Real Intrinsic Value. Customers and clients of all kinds will ask about ROI and less about design, UI and innovation. Markets, businesses and buyers are
going right back to basic principles and they need to save money. It's not just a tighten the belt game though, it's business and in business one must still compete, innovate productively, create efficiencies and inspire. Enterprise marketing and its social media tools have the ability to accomplish these tasks for less money if implemented correctly, and there will be some companies that do. Other organizations will become lost in the myriad choices on offer today (and the myriad more to come), get confused and waste their hard to earn cash. The efficiencies created by integrated marketing with social media are real, as are the risks. Because some of your competitors will get it right and save money that can be used to develop their brand, products and businesses, you also have no choice but to begin defining your approach. If you don't, they'll bury you in cost savings alone, much less the other benefits described below. Flexibility - Unlike traditional media, Internet marketing possesses a wide variety of channels to utilize. Video, Banner ads, Injection into communities, Bulletin boards and many others. Every year a new platform and method to advertise on that platform is created. Analytics - Rather than simply tracking changes in sales after a given campaign, marketers can track activity by site, channel, media, method, message and a wide variety of other metrics. Coupled with
real time response capabilities, marketing efforts can adapt and profit from knowledge much faster than before. Targeting - Platforms like Facebook allow ad targeting to occur by age,sex,education,location and a whole host of other demographics. There is simply no way that traditional media can accomplish this and even if it could, the cost would be enormous. Online, this cost is much less and direct to the people who's attention you need. Beyond that, public reaction to outgoing messages can be monitored and measured. Value Creation - Enterprise marketing actually adds something of significant value to the business as an entity. As it evolves, it will continue to achieve greater integration with a companies business processes. Think of it this way, a company that has a solid and well integrated enterprise marketing platform will sell for more than one that doesn't. Responsiveness - The turn around time on customer and community feedback can range from one-to-one to days, weeks or months, depending on the companies strategy. The more immediate response is particularly powerful when gauging a marketing effort and
making adjustments based on historical trends and incoming data. Put simply, the wait time between strategy adjustments is significantly reduced. This allows for quicker synchronization with the sentiment of your target market. Increasing granularity - Every year enterprise marketing platforms and their upgrades are able to produce a better defined picture of trends, motivations and statistics. Armed with this knowledge, marketers can not only address their audiences with a clearer message, they can transfer this understanding to product development. Authenticity - Better knowledge of your audience, due to increased granularity, targeting and responsiveness means that you don't have to pretend to know your audience, you will actually have hard data to back up your assumptions about them. This translates into great branding because real identification with the customer commonly translates into loyalty and evangelism. Even one of these factors could create a sea change in marketing, but what is happening is that in addition to 7 significant advantages, we are also seeing increased communication and integration between business components. Coupled with economic pressures that put a massive focus on value and ROI, we can be said to be experiencing a revolution in business practices.
Employing Enterprise marketing is less a matter of deciding to use a given set of tools and more of acknowledging that it is part of the new business climate. The choice you have available to you is not whether to choose a given tool or even how to use it. The first decision is how aware you want to be of these changes and whether you want to navigate them or become the victim of those of your competitors who have. Of course, the gravity of the situation really depends on the nature of your business as well as your future goals. If you are OK with selling lemonade on your street only and don't plan to develop systems to expand and scale out, it's unlikely recent technology and media changes will affect you. Also Download The Free Social Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
8 Key Social Media Metrics and Their Actionable Responses 1) Monitor the opinions of a target demographic and online locations where a positive opinion is expressed. Natural language processing and filters can determine the key points of satisfaction as well as the various product use cases that lead to a pleased customer Online locations where negative sentiment predominates can also be identified and a more aggressive problem resolution effort can be
undertaken there. This can result in pre-empting a viral explosion of ill will toward your organization. Action: Collect the differentiators that emerge from positive sentiment, the things your customers like most about your product and work to develop products and services more along those lines. For negative sentiment, directly address and resolve valid concerns and the individuals who have the most influence. 2) Identify cases where negative sentiment is turning into a PR crisis. Action: Effective social media monitoring will be able to identify key influencers before too much damage is done. This will allow you to approach them with solutions long before the horses have bolted from the barn.
3) Identify individuals, blogs and web applications that hold the most influence over your brand. Action: Web community efforts in the areas identified as having the most influence. Speak to them on the terms identified by your monitoring as important to them. 4) Keeping real-time tabs on the development of opinion and sentiment, particularly in relation to new products and services as they are released. Action: Not having to wait for consumer feedback means that updates, customer service and future development will be more immediately accessible. This shorter wait time between release and feedback leads to quicker issue resolution and new product development. 5) Measure how your brand, advertising efforts, products and services play out in relation to time of day, and geo-location. 6)
Action: Adjust and modify products and services to specific geographies. Release your messages and ad campaigns at the time of day when most of your target customers are receptive. 6) Determine which media types and platform protocols (Video, Short message, podcast etc) have the greatest success rate. Action: Focus your efforts on the media and channels that deliver the most ROI. Modify efforts in media and channels that under deliver. For example, you may learn that your video campaign, while entertaining, doesn't generate qualified leads. You may then have to focus on providing product specific and industry related video content. 7) Monitor competitors. Action: Examine and emulate their success factors in areas that you can. Learn more about the sentiment of customers you would like to acquire from your competition.
8) Research the industry. Action: Learning about the industry in general is made possible by internet content that is more parse able along with natural language processing. This allows you to rapidly identify areas of growth, gaps and places where the market is saturated.
The Nine Step Enterprise And Social Media Marketing Work Flow Create a communications strategy - – Define message – Before a social media and/or interactive internet marketing campaign is begun, it is necessary to define exactly what kind of message is needed. Some messages may be very simple and, like traditional media, occur redundantly over pre-scheduled times. More advanced message can span a period of months and involve more detailed content, interaction and media. Many companies struggle with the concept that Internet marketing is much more than advertising, it has a wide range of tools available to it and can become much more immersive than
ads that blast out to recipients. Optimized social media marketing consists of a means by which data is being collected from the target audience at the very same time that it is being communicated with. – Define tools, media and channels – Once a communication strategy is defined, the required tools to make this vision will start to make themselves apparent. At this point, the company doing promotional work can map out the actual resources that will be required. Depending on the complexity of the effort, this is the point at which an enterprise marketing solution can be explored. Resources that may be required include, video shooting and editing, coding/scripting, design, Ajax, Flash, copy writing and analytics. – Refine message to match tools, media and channels – Once the tool set is collected or hired out, you'll find that the message will have to be shaped to fit into the container defined by the platform being targeted. That is, if Youtube only allows 10 minute videos, you're idea of a 30 minute infomercial or seminar may be adjusted to a series of shorter lessons or tutorials, particularly when factoring the possibility that your audience may have a shorter attention span. Messaging will also have to be adjusted in the event that you'd like a single message from one platform to reach a variety of sites. In this case, creating a media that meets the lowest common technical denominator is required.
– Define schedule – Your message may or may depend on redundancy, serialization (A regular schedule), Community response or the times of day that most of your target audience is online. This needs to be defined and measured for affordability in terms of the media that will have to be produced. Broadcast – Once prepared for content and format and schedule, the message can be broadcasted. If the above steps are prepared correctly and a service/platform for sending information is intelligently selected, this should be a simple step. Otherwise, you can find yourself submitting things manually and consuming valuable time that should be devoted to analysis and modification. Collect Data – Data collection can be as simple as visiting your social network accounts and checking for responses, or as complex as gathering this data via a third party service provider. Information collected this way can be interpreted by their interface or sent to your own business intelligence system. Analyze data – In terms of marketing – The data returned is then examined for trends and insights into the market and the response to your communication efforts. Many products immediately produce graphs that illustrate the basics, like click-throughs, source and number of times a given
message has been resent. Beyond this, services vary as to how much detail and tracking is included with the service. - In terms of business processes – Analyzing the same data from this perspective can reveal redundancies, inefficiencies, waste and un-utilized features/services that can eventually be phased out as a cost savings measure. Modify processes and marketing strategies - Communications responses and customer feed back can then be studied for how it applies to product design and other processes that face the customer. Once communications feedback is understood, processes can strategies can be modified, stopped, initiated or expanded upon. Rinse and Repeat – Once an updated or new strategy is created, it is again broadcasted thus repeating the cycle of creation, broadcast and improvement. Optimally, all business processes are linked to a more comprehensive communication with the consumer and the vehicle of a business is propelled forward by a closer, more accurate and more granular link to the people that they serve. Again, this is not just social media marketing, it is using what is essentially a distributed communications platform and networked database that is accessible via a wide range of hardware (PC,mobile,gaming device) to deliver more business value, greater
customer satisfaction and involvement. Shifting the focus to the total phenomenon of the Internet rather than to a particular web application, format, media type or moniker Du Jour, will help to maintain focus on this force as an evolving business tool rather than an erratically defined techno-mantra.
Test The Social Media/Enterprise Marketing Waters For Free To get started with Enterprise Marketing, take a look at some of the free online tools that can provide insight into activity related to one or more of your internet presences. Below is a table that lists some free sights that provide these metrics. What you need to be aware of is that these applications will only provide a glimpse of the kind of analytics that are available. What you need to ask yourself when using these free services is whether this information and extensions on this information will be useful. Your answer will most likely be 'Yes'. Getting referenced, forwarded or retweeted by someone can be a big boost to an organization. Automating and scaling messages that spread virally can represent huge cost savings and marketing ROI. As sites such as Twitter, Facebook and Youtube continue to add features, they will accumulate ever vaster amounts of demographic data and also continue to find ways of making this data available to marketers in an ethical transparent manner. The latter is a matter of working out legal and perception bugs but this is an infrastructure that can be built.
Here are some examples and what they provide http://www.twitalyzer.com/ A nice interactive UI rich set of analytics for your Twitter presence, allows for integration with Google analytics, it is free but more complete analytics start at $9.99/month
Trendistic.com lets you type in a key word and returns statistics on how that keyword is trending. This is great for finding the keywords in social media that you can use to pull in visitors.
http://www.klout.com/index.php – This application examines your Twitter account and provides a series of metrics, including feedback on how influential you are. This is useful when testing strategies for obtaining recognition as an authority in your area. Also free
Socialmention.com pours over the web and examines your metrics across the internet. Considering the scope of its search, the amount of information you get from this free service is quite impressive.
Also Download The Free Social Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
Omniture.com (below) has a suite of applications that handle all aspects of marketing, from campaign management, to lead generation and email. Some very comprehensive analytics.
Kontagent.com has a great analysis of your Facebook account and can provide an excellent overview of what kind of metrics are available via paid services. Like the other free tools, a quick look at their output gives a good idea as to the actual business value you will be getting from a fully engaged campaign on one of all of these platforms.
http://trendistic.com/ Analyzes trends in Twitter and provides a stream of tweets on a given subject. Not only can you see what is trending, you can see the kind of conversation that is taking place around a given topic.
http://www.webtrends.com/products/analytics/facebook.aspx Facebook analytics, providing stats on your applications, ad campaigns and audience demographics. Webtrends also provides a number of other applications that track a variety of data sources other than Facebook. What you may find from companies like this, is that each of the products can be purchased individually. This is
great if you have a focus in a primary area and have determined a valid need by examining free tools first, but if you are not careful, you may end up with the same daily routine that you'd have if you were to use the free web sites. That is, bouncing around from screen to screen, trying to aggregate various collections of insight into something actionable. Ubervu.com (below) is similar to socialmention.com in that is examines the internet presence of a site of keyword. It tends to pull from sources with an API, so the data may be more reliable, but also with a more limited set of sources.
While most of these examples are Twitter specific, the same services exist for Youtube, Google, Facebook and any of the other major social networks out there. There are too many others to mention, and by the time you read this, some may have shut down while others may have started up, that's the nature of the Internet. You should go to Google and search for Twitter analytics or twitter measurement and see what comes up. Some applications will be more robust than others, some can take awhile to compile your stats. This is the price of a free service. In addition, these tools can be subject to the whims of the platform, their API limits or privacy issues. Take a couple of days to shop through these tools and create a table that lists the service, URL, functionality, stability/speed and finally in a separate column check whether the tool has a potential business use for you. As you learn about what's out there, you'll be able to define your requirements when shopping for a more complete solution. ...And you will need a complete solution, bouncing around
between all of these web interfaces, can be extremely time consuming, tedious and will eventually lead to a lack of follow up. To use the car analogy again, it would be like spinning your cars tires back at the starting block. Taking the three sites above as an example, many companies would value knowing the kind of impact their presence has as well as the clout. These will essentially help you to understand the strength of your message and its retain ability by potential customers. Here's an example of free tools and the information they provide: Tweeteffect, is a great way to gauge the effectiveness of a given message and Trendistic will allow you to gain a sense of direction when forming a new message. Together, these three tools have the potential to help you gauge public perception of your name, measure the effects of a given broadcast, and compare your messaging with what is currently trending. Very valuable information indeed. This information increases in value as the volume of activity and consequent quantity of data increases. This quick test case quickly reveals a minimum of what you should be expecting and asking for when considering giving your business to a dedicated, more comprehensive and expensive social media/enterprise marketing service provider. Whenever a new
business sector opens up, there is a glut of companies, consultants and shysters who are more adept at spinning buzzwords than actually creating value. It is absolutely essential that you find out for yourself what is available for free before you take a strangers word on what a given service or feature should cost. You shouldn't be paying for whiz bang graphics, UI and deft programming hackery, but real measurable business value. Things will eventually shake out to the point where the gap between customer knowledge and consultant hype narrows, but unfortunately, most of us are in the position of having to decide and implement now. Many of these available tools also have their own API, so you or your tech- literate colleagues can roll your own solution if you like. In the process you'll learn a great deal about how such systems work, the value they can provide and the overall landscape of this sector. Be warned though that you'll have to deal with API limits, scaling issues from the data source, and additional equipment/staff purchases. In fact, as this art/science evolves you'll eventually need to open up a dedicated department,
probably sooner than later. Finally, if Twitalizer for example, has it's own API, that's great but remember that Twitalyzer depends on the Twitter API. This means a chain of dependencies. At this point, outsourcing this work to another service provider starts to make sense. Sure, they are also subject to API limits, privacy concerns and scaling issues, but because of their volume and history in the market, they've been able to forge much more stable relationships with Twitter, Facebook, Google, Youtube etc, along with the fatter data pipe that this kind of relationship includes. Also keep in mind that the large social media platforms have something to gain by seeing social media enterprise/marketing service providers prove ROI. Smaller, single proprietor outfits generally tend to tax resources and increase exposure to privacy and security issues until they reach a certain size. Finally, time spent on rolling your own social media/internet analytics package is time better spent on your core business. In effect, an examination of these free services is absolutely in order for the insight it provides into the emerging art and science of enterprise marketing. This kind of research arms you with the knowledge necessary to evaluate your needs against what is possible via the analysis of internet data. Next we'll take a look at how you should shop for a paid service provider, what to look for, what to expect and how to use the data
and reports that you'll be receiving.
Also Download The Free Social Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
Available Solutions And 17 Essential Questions To Ask A Potential Vendor Below are examples of companies that provide social-media marketing and business intelligence services. Click Here To See The Social Business Intelligence Matrix Solutions Available for contract or purchase: If you've taken the suggestion in the previous chapter and had a look around at some of the free offerings, you'll be able to see that there are certain classes of business value that emerge as well as
certain kinds of requirements that one should look for. As with any set of products, what is available is on a spectrum along with co- responding price differences. The business value that is provided by even the free accounts should be visible at this point. Insight into audience behavior, their concerns, how your name is playing out, response to a sample of your messaging to name a few. You've probably also run into some of the limitations that these free services provide. Namely, speed, reliability and depth. You may in fact still be waiting for one of more of the sights you went to to finish crunching your stats. Such is the nature of a free web-based service and one or two such experiences should make it clear that this is no way to do business. At this point the choice is to either roll your own or step up and invest in a more reliable product and service. Making your own will be prohibitive for most people, so we'll look at making a purchase and the research required to do so wisely. The survey of free services you have given you insight into what particular feature you can expect, but not necessarily the fundamental characteristics behind a given feature set. So let's clarify.
Below is a list of characteristics that will cost more in proportion to an increase in quality and quantity. What to look for: Granularity - How fine is that data? It is possible to drill down to a single visitor, tweet, Facebook update or account? Weigh the offering against what you really need right now. Depth - How deep does the data go? How many relationships can it traverse. Heavy business intelligence products can go all over the place, many times analyzing data automatically, finding relationships that you've never thought of exploring. An SME may only need a subset of this depth, so don't get talked into buying more scope than you need. Historical data - Extended use of free online analytics will eventually reveal that historical data is often flushed. These smaller organizations can hardly afford to keep legacy data on the shelves if it is recalled only a fraction of the time. Obviously, the more you pay, the more history you'll get, and with greater granularity. That having been said, you may have defined your marketing strategy to be responsive to only a couple of years, or a couple of months. Marketing in a developing country is a perfect example, there simply isn't enough reliable historical data in many locations.
UI - User interface can be de-emphasized as an obvious angle for a salesperson to take, but it cannot be discounted as completely useless. Good UI makes powerful insight not only rapidly visible, but rapidly actionable. In a real time environment, this is crucial. The question you should ask yourself when shopping then isn't 'How jelly like are the buttons?' but 'How quickly can I get from a set of key data/statistics to generating a new message to a given target audience?' When comparing products, articulate this question to the sales person and measure the time it takes to get a response. In fact, this information should not have to be asked for, the sales literature or sales person should be honing in on and demonstrating on this sales point ASAP. Modularity - Social Media/Enterprise Marketing companies run a whole spectrum between what are essentially PR companies to full blown IT shops with varying combinations of marketing/IT expertise thrown in. You need to decide which mix suits you best. As you approach more IT focused providers, you'll need to inquire as to how separable the components of a given solution are. That is, can the different parts be combined in different ways to reveal different insights? Data can be viewed and processed in an infinite number of ways, how much freedom do you have to isolate views and combine
them in ways that more accurately model your own organization? Again, focus on modularity to the degree that it meets your needs, not to the extent that it meets some abstract concept of perfection. Ability to tie to other business components - Can these internet marketing analytics be fed into a large business intelligence component, and with how much ease? This is like attaching the tire to the body of the car. If the data cannot be piped in directly to your business intelligence, it will be up to you to do the interpretation and data re-entry into your database, spreadsheet or other BI warehouse. This would be like racing down the track while physically holding the tire out with your own two hands. For a small company, it might seem like excess to have all such units tied together, but the price of all these services is coming down rapidly, so make sure you are not harboring assumptions that were made a year ago. Ability for automation - Can actionable data and statistics be scripted to increase, decrease, stop or start a particular messaging channel in response to pre-set values? This is quite advanced, but the obvious benefit is that real time response does not have to rely on constant human interaction. This frees up time for strategizing from a longer perspective. For global organizations, this can be a key
feature, the ability to tune a message for an overseas market while headquarters is sound asleep. Response from global markets is accelerated. Ability to respond - Some analytics services may not even offer the ability to respond, but may be focused solely on providing data and reports. This may be all you need. If so, there is no point in paying for more. Granularity of response - Can your responses to reporting consist of one message to all platforms, or different messages to different platforms,demographics, geo-locations, devices, etc? Portability of data - Can the data your activity generates be transferred to another platform? You may outgrow your current service, or find that you are not using some features that push up the cost, requiring you to downgrade. In either case, you'll need a way for that data to get from point a to point b, otherwise you'll lose historical information. Ownership of the data - This issue has not come up in a big way yet, but it is conceivable that if Facebook can claim ownership of a person's personal data, perhaps a social media/Enterprise marketing company may claim that while they don't own what is said about you on some blog, they do have ownership rights of the stats and analysis that their algorithms produce. This is a point worth
considering, particularly if historical data is important to you. If you decide to cancel their service, you may find that you are only entitled to the raw, un-parsed and un-compiled data, essentially a gargantuan unsorted text file. Something to think about. This is why you should think of data portability not in terms of an exit from the service, but in terms of being able to export data at any time, in a useable format, without the assistance of their staff. Search capabilities – Search is an essential component of any of these systems. It is what allows you to access the power of the analytics in its complete form. You need to look for a wide range of filtering capabilities such as time, location, platforms and the ability to exclude certain items. In effect, search should be as configurable as you need it to be . Spam management – Blogs, messaging systems and forums are all subject to spam and content that is clearly not relevant to your needs. Any system you are looking at should be able to filter out this data before it enters your database and business intelligence system.
Alert functionality – Rather than wait until you search for it to realize that you are now in a full blown PR crisis, it would be better to have some configurable alert functionality to that you will be alerted when a particular number has been reached or situation has occurred. This is not only a matter of damage control, it is also a matter of being able to capitalize on positive responses from a given channel as soon as possible so that you can feed positive momentum. File and reports management – As you continue to use a given system, you'll quickly have a mass of reports, data and suggestions. What is the storage system for these items and how easy plus quick is it to pull this information? A Demo – Many service providers have a free demo that is available for you to use for a limited time or with a limited feature set. See the list below for a directory of companies, their feature set and their demo.
Also Download The Free Social Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet. Linking Enterprise Marketing To Internal Business Processes As mentioned and hinted at in previous chapters, online marketing via social media and other internet media is on a collision course with business intelligence. This in only natural because Social Media and Enterprise Marketing both need to accumulate and
broadcast a large amount of data. Since business intelligence is essentially the analysis of data in order to reveal key business insights, the two are naturally complimentary, and will over the course of time, become inextricably linked in a symbiotic two way flow of information analysis and communication. Already, larger companies with well established and more complex business intelligence systems are piping communications data and audience feedback into their systems. While this is still in its beginning stages, companies like SAP, Oracle and IBM are adding increasingly comprehensive social media metrics to their products. This is great for very large organizations with large budgets and if you have this kind of money, these solutions are well worth a look. On the other hand given that this area is so rapidly developing, it might be unwise to invest heavily in a solution tailored to what may turn out to be an erroneous vision of future internet development. The sector is still very young and it is important to examine the potential of distributed social interaction as a tool for business development first.
Each Social Media Marketing/Enterprise Marketing solution provider has a different approach to mapping the data value of online interaction to business processes, and to a different degree of depth. The differences across companies can be driven by the target cost of the product or the philosophy of the service provider with regards to how internet activity should be interpreted and acted upon. In addition, the needs of the market have a say in what kind of products are created. Since many of these products end users are still understanding the technology, evaluating their needs and deciding on budget, the sweet spot for service providers is still in flux. In addition, the newness and rapid growth of these technologies makes for a particularly dynamic market and product selection. Let's take a look at three of the bigger vendors and see how their approach to to mapping social media to business intelligence varies. SAP/Jive - Rather than handling social media on their own. Jive has produced a module for acquiring and feeding social media data into SAP business objects. One thing this business arrangement points out is that SAP seems to have come to the conclusion that the maintaining an effective internet presence is complex enough to warrant a partnership with another organization rather than the
creation of a new segment of the organization. Using their plug-in architecture, customers can use their existing investment in business intelligence and enhance its capabilities by collecting and interpreting distributed communications. This is a sensible approach in that expertise is regulated to a separate organization with the agility and flexibility to keep up with the rapid changes in this arena. While this looks to be a highly effective solution, if does require SAP and the requisite costs and technical skills. Beyond that, such a solution may be overkill for smaller businesses. Also, the modular approach, where satellite companies provide solutions for partner companies only works well if one of the companies has a large ecosystem of customers. Otherwise, purchasing a core system and module can run you into big problems if the company responsible for the core architecture runs into business issues. IBM - IBM is working with SPSS, a company that they own, to focus on the analytics of internet interaction data. The support literature seems to focus on the analysis aspect, once interaction data has been collected. Tools and strategy are not stressed as part of the solution.
Since data analysis and public relations are fully unique and disparate disciplines, it makes sense for companies providing the top end of the spectrum to not even attempt to know about something that requires a completely different set of resources. The assumption is that companies paying high fees for IT will also be paying for independently competent communication strategy solutions. The SAP jive approach hints at an integration between communication and analytics, but from a PR solution/Marketing perspective, its a far cry from a fully developed strategy. The gist of their emphasis on communication focus is to illustrate that their tools are useable and understandable by PR/Marketing professionals. SAS - Being more oriented toward statistical analysis than business processes, SAS is in a position to create their own social media analytics offering rather that to partner with a third party. The obvious advantage is that SAS knows its own products and as a customer, you are not reliant on the ability of a large and third party company being able to communicate with each other. Perhaps one significant disadvantage is that while SAS will be able to crunch numbers flawlessly, they will most likely be far less adept at handling the softer communication related skill set, or to be able to write code and architecture to that aspect. A third party module creator, on the other hand may be writing their software specifically from a communications facilitation perspective and is likely to have such experts on staff. Comparing
the online resource library of both companies provides a clue. SAS has articles and white papers focused on the statistical analysis and information available from social data whereas Jive has quite a few articles and white papers on online community building strategies. Oracle - At present, the verdict on Oracles solutions tends to be that they are taking more of a snap on widget approach than anything comprehensive. Some industry commentators have even concluded that this reflects a more conservative wait and see approach that may result in them not only falling behind in this sector but also doing a bit of damage to themselves by not showing the foresight to get more fully engaged in mapping social media to business processes. Each of these solutions certainly has room for improvement and increased integration between social data and business strategy. There is a huge gap between marketing message creation and data analysis but it is a space begging to be filled. The soft arts of personal communication have always been the antithesis of logic models, but social media has appeared as a node between the two extremes, and companies on both sides of the gap are now working hard to fill that space. Part of this will consist of developing communications and messaging that is always in a state that can be tracked, parsed, stored and retrieved, while at the same time having
the immediacy of real-time relevance and authenticity. There are two locations in the chain that represent significant gaps, and one area (social media) that is developing rapidly, with major players (Twitter, Facebook etc) who's evolving function sets will create interconnections between themselves. This hoped for ideal is a complete link between end user/customer and product creation/business processes on a one to one basis. This is a long way off of course, but ironically, a lot of this development will come from the recession driven need to cut costs. It can be argued that without the recession, all ends of this spectrum would be content to continue to do business using familiar, albeit financially wasteful ways. Worse still, they may have continued or reactivated the kind of dot com era ebullience and flash & feature rich bloat and led to many overvalued start ups and their well known fate. Today, in this climate, forward steps are rarely taken unless management is still well within reach of displayable ROI. This change will result in smarter spending and more sustainable, even and profitable growth in the long term.
Also Download The Free Social Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
7 Social Media Metrics That Drive Industry Development Types of data from the social internet: Consumer trends - Mining review sites and comparing the number of comments shown for a given type of products across several product creators can reveal significant data on how frequently a product is purchased as compared to similar products from another company. There are already sites that aggregate and collect comments, like Disqus which also have an API that allows for parsing through comments to find keywords and specific types of comments.
Consumer opinions - Similar to the above, but for sites that have a specific consumer orientation as well as specific methods of inputting and recording consumer data. Ratings - If only interested in numerical values, this information can be taken out and used as a very concise summary of sentiment. Desires for improvements - Review sites comments can often have in their comments expressed wished for improvements that can be made. This allows marketers to get a more realistic evaluation of what is wanted by the target group. Level of evangelism - Some people recommend a product, while others evangelize it. The converse is also true in cases where the product or service is considered to be very poor. Location and density of communities - Those who speak about a given product may be primarily located at a single web site or spread out across several. Knowing the distribution pattern of a product type's consumer will help to identify the areas where greater influence can be projected. Degree of involvement in the product - Some products may have several small reviews. Others may have a smaller number of very detailed information on the product. Both types of
engagement reveal something key about consumer behavior with regards to the product. Actionable steps on this information include, targeting areas with the greatest social influence, engaging specific users who provide valuable feedback, reaching out to bloggers of influence with promotions and incentives, altering products to suit stated needs and emulating the success factors of highly populated communities in order to create one around your product that you can manage yourself. With the social internet in its basic stages, many companies are still defining their Social Media interaction to be little more than creating a Facebook page on the product. As the data from online communities becomes more freely available, it can be parsed more easily. As with OpenID, there will emerge standardized formats for inputting interaction data with regard to opinions and ratings. As this happens, the coding of applications designed to aggregate and process this information will become easier to both write and modularize, again, all to the end of creating significant ROI over traditional yet costly and poorly targeted traditional market research.
Risks and Opportunities in Social Media and Enterprise Marketing The simple graph above shows the established technologies and industries and where they are situated in relation to areas that need further development. Let's look at the developed areas first before examining the gaps and the types of services that are emerging to fill those needs. Business intelligence lies at one end of the communication between business processes and the customer. There are a wide variety of companies servicing this sector across a spectrum of budgets and levels of complexity. While companies like SAP tend to provide services to Larger organizations, they have also increasingly targeted SMEs now that a) their primary customer base is now satisfied and b) that operating costs of these products have fallen.
Storage expenses have fallen, specific modules have been factored out and simplified and interfaces have become friendly enough not to require a dedicated internal support staff. This has put large service providers in a position to offer low-cost solutions that directly compete with relatively younger companies that target the lower end of the spectrum. While it is a fully realized market, smaller companies have evolved to offer more sophisticated solutions than SAP etc, in that they offer similar data analysis, but with an emphasis toward specific industries. On the opposite end of the spectrum are public relations and marketing. They rarely promote their services as having any kind of technological expertise because they focus on creating the messaging and communication strategies that develop, nurture and educate the attention of the target audience. As the graphic shows, the emergence of social media in the middle has not only created a new path way, it has made apparent the need for public relations to become more aware of how the optimized use of technology can improve and impact of their efforts by enabling monitoring, scaling and real time adjustments.
Competing service providers in Business Intelligence now have an opportunity to process data that significantly benefits marketing and communications efforts. Social media/internet communications is particularly interesting in that it not only bridges the gap between data analysis and communications, it is the most dynamically changing of the three. This area of development is subject to the following forces: a) Technological development Social media is evolving technologically, new sites come online every day, occasionally taking targeted share from mega sites like Facebook and benefiting from the monetization opportunities of
greater granularity. As this realization continues to dawn, the development of such sites may head in the direction of targeting interests and needs, rather than third party application bloat. Facebook, for example, has an untold number of applications but the monetization of them plays out like the lottery. There are perhaps tens of thousands of developers coding and designing around the clock in a effort to create and promote an application that will hit critical mass and monetize exponentially. While this leads to success stories that drive further hopeful development, there is simply too much brute chance and randomness for this to be a sustainable business model. There is a reason the phrase social media rock star came about. One's odds of striking it rich via a third party application are about the same as becoming the next one hit wonder. Nevertheless, given the eternal spring of hope, gold rush inspired development will continue to add to both existing platforms and to the overall infrastructure of the internet. b) Integration between services OpenID, and site specific features allow users of one site to share that information with the platform of another. This is tending toward each site effectively being a different view of the same distributed database of demographic data. So far, this sharing has proven to be mutually beneficial in that either site hasn't found a specific use for the others primary focus. This continued sharing of account information will make it easier to a single person to stay active on a variety of sites (via one another's UI), thus making single
person approachable with more frequency by a larger number of well targeted marketing efforts. c) Cultural differences - Being social, this media will by definition have differences depending on the culture of the people frequenting the site, and this is not just country specific. There are clear differences in behavior between any two given subcultures. Various hobbies, political affiliations and educational levels(to name a few) have unique communication protocols that can be facilitated by unique technologies. It is the job of the social media site to match a given set of technologies to a particular community in such a way that the interaction data is usable as a component of targeted marketing, sales or advertising. Political interests tend to emphasize
the nationality of a given platform, but the fact is that many people have equally compelling ties to company(source of income), family, subculture or even technology, (ex. PC/Mac). d) Social/political controls, including government backed incentives to create a controllable home grown replica. Social and political factors are different from cultural factors because they are much more fickle. While one country's leadership may decide to ban or un-ban Twitter or Facebook on a whim, social and conversational taboos are much more fixed. That having been said, the globalization of communication has led to converging social mores in some areas (ex. the acceptance of younger generations to having personal information viewable by strangers, electronic multi-tasking, ADD), even in spite of governmental attempts to nationalize online behavior. This is likely to play out as a immovable object vs. irresistible force passing through each other on a recurring basis, each side silently acknowledging the presence of the other while publicly heralding its inevitable demise. f) Physical infrastructure. There is a wide range of bandwidth available across the globe, from hardly text capable browsing to streaming 3D. The feasibility of a given platform or idea is obviously a function of what type of pipe is consistently available. Beyond this, many entrepreneurs have made adjustments in their business model that reflect speeds that are a percentage of what is commonly experienced or advertised today. While some places can expect infrastructure to improve at nearly the same rate as an idea is
developed, most cannot and have already adjusted expectations to meet those realities. e) Monetization. One major factor controlling the competitive environment with regards to social media services is the nature of the community that a service attracts. Because it is difficult to acquire a large number of users, such a community is proving to become a significant competitive barrier. While at one time, the technology, coding and architecture was seen as a barrier, it no longer is. The infrastructure for an entire scalable working community is freely available via open source, this is not where the value lies. Today, it exists in the number of users, and even then this is proving difficult to prove as a monetizable asset. What is gradually becoming apparent is not the size of the crowd, but the size AND targeted participation of the crowd. Such groups are valuable as a means to acquire the consumer information and leads that contribute to extended business cycles. Myspace is a perfect example of a huge audience with no particular sense of direction. Attempts to herd that audience into a particular sales funnel frequently lead in user revolt and wide spread saturation bombing type advertising tend to lead to increasingly low ROI, even
with demographically targeted advertising. The last phenomenon comes from the fact that people coming to a social site are there to socialize, bringing work or business into such environments is just not as effective as it would otherwise seem. Greater monetization potential comes from a targeted community, interaction data that is parse able and interpretable and a two way channel between this information and business intelligence. g)Ratio of localized restrictions/cultural factors to the field of practice Finally, there along this chain, different physical locations will have different levels of explicit control over what transpires in this space. Governments that control their population, exert their pressures less on the Business Intelligence side of the chain and more on the public relations and media side. This means that Business Intelligence technologies can be more generically applied while public relations, social media etc will be more geo-location specific. These are the parts of the chain that are relatively well defined, but it is the gaps between that need to be filled in order to this channel to become fully efficient.
Gap one: Business Intelligence to Internet presence This is the gap that exists between having a particular communications strategy and converting it to a format that is consumable by various social media platforms. A slick interface would allow the marketer to drag and drop parts of a communications strategy into platforms that meets specific needs, target the appropriate crowd and generate a stream of messaging that reaches a given audience on a given channel while at the same time retaining the essential point of the communications strategy, even if that message has to be distributed in small chunks over a period of time. A look at what the larger companies provide should make it clear that while there are some organizations that handle the gathering of data from one's online presence and provide some analytics, there is less in the way of returning those analytic results back into the internet environment. That is, there is no real automated online response as an adjustment to the insight that Business Intelligence provides. Given that the Business Intelligence
component is already processing information and reaching conclusions, why isn't there a means to create, modify and re- broadcast messages tuned along a given set of communication guidelines? The short answer is that this is complex and potentially risky. If the algorithm misreads the data and broadcasts something that bad data or computations created, a companies brand can take a major hit. That having been said various filters and controls can be put into place in order to limit exposure to programming or strategic flaws. Within this gap is an emerging spectrum of services. Accumulated data and their reports can be made available for real time adjustment and broadcast or they can come along with varying degrees of message consulting. That is, along with the results a company more experienced in creating marketing strategy can provide additional strategy adjustments. The degree of strategic input from a service provider can vary according to industry, cost and the need for the client for additional insight into how messaging works on the internet (Another new science). Even without communications consulting, the complexity of software modules and services that interpret business intelligence and convert/adjust strategy will vary significantly, from completely user controlled to fully automated, and with varying degrees of authenticity and responsiveness.
Gap Two: Internet presence to Public relations The second gap consists of the area between public relations/advertising companies and the various broadcasting channels on the internet. At present is is not much sophistication in relation to taking a composed communications strategy and tailoring it to delivery over the internet to audiences that are of value to the company with goods and services for sale. This issue exists for a few reasons: a) Misunderstanding/lack of sophistication regarding nature of the opportunity that the Social Internet represents Adoption of social-media marketing is still quite reactive for many organizations. That is, they feel compelled to open a Twitter account and Facebook page because failure to do so is a PR liability. What needs to happen is for these companies to take a thorough and analytic look at the platforms and their capabilities in terms of how they benefit their own interests as opposed to merely emulating high profile case studies. b) Lack of IT literacy among advertisers and marketers - IT literacy in this regard does not refer to knowing that Facebook has a particular number of users and extrapolating from this the enormous potential number of customers. The kind of literacy referred to here
means the understanding that crafted commercial and PR messages can be broadcast to a wide audience, but that every platform has a unique way of consuming and distributing data. Some platforms deliver and consume video, others short messages or photos of any other kind of specific media. In addition, different sites and target audiences have their own unique and optimum times of day and events that are ideal for engaging a target group, and that those messaging to those times and events can be scripted. Having a more explicit knowledge of these facts will drive the development of messaging to occur on a more specific, time and group basis, with a deeper level of content without the oversimplification that mass broadcasting requires. c) Undeveloped platforms - The current platforms, are still defining, and sometimes throttling the kind of input and output that they allow from their platforms. A balance must always be struck between making information freely available in order to enhance the user experience and monetization opportunities resulting from leveraging demographic data, while at the same time limiting access in order to combat platform abuse by spammers and unethical internet marketers. This is an area that still needs to be hashed out, the basic problem being how to allow open access without exposing the system to abuse. d) inconsistency in platforms OpenID makes it possible to register for one site with the credentials of another. This is convenient to the end user who merely
has to log on to the systems without registering yet again. This is less ideal from a business perspective because the profile information collected for one site is not available across platforms. This means that an end user will either have to enter the same data again, or have a minimal profile. Ideally, an end user would be able to share a basic profile across platforms and append site specific profile to it that is then viewable only on that platform. This way targeting a specific user at a specific site will expose product related demographic data, while at the same time keeping that information exclusive to that platform and to the user as per their agreement. This allows the platform to charge for use of its demographic user information base, provides privacy to the user and yields targeted audiences that can generate much better ROI for the advertiser. Today however, this is not the case. Instead, end users have to repeat their data entry, getting ever more irate at each repetitious form and many times foregoing membership in a higher quality community for an existing membership in one that provides less value for all parties (platform,end user and advertiser) involved. What emerges is a highly unoptimized platform with unsustainable monetization efforts, like the third party application lottery mentioned previously. e) Lack of targeted audiences The social network users exists on a small handful of platforms. There is still the (primal, perhaps) perception that a social
network with more people is of greater value. A more objective assessment would make it obvious that it is better to hang out with people who share your interest. Sites like Facebook have groups and even third party applications that speak to these groups, but there is little development in the way of a platform who's technical functionality specifically targets a given audiences needs. What's worse is that while Facebook may be able to collect demographic data, they cannot ensure or even expect visitors at that particular time to be in the mind/viewer space for a particular commodity. Facebook might be able to provide targeting, but it cannot turn those end users into solution seekers. Solution seekers go to more information rich sites. Social networks are rich in functionality, not information. f) Privacy issues regarding a site's user base - Where there are some cultural factors that create variance with regard to privacy, most people expect their personal data to be private. While they are increasingly accepting of its visibility online, they still want some say as to how and when that data is made available. The complexity of these issues reveals the perceived importance of all that personal information. Facebooks attempt to own your personal interaction information as well as their failed attempt to set your default to 'Share with all' reveals how crucial to monetizing their site your identity is. Aside from collecting and exploiting personal data, Facebook
has had little success in monetizing their site to the degree that the size of its user base would imply. They will therefore either succeed in their aggressive tagging of the human population, or chase users away to social networks that create more value. This ongoing dialogue between platform and users will make it difficult for communications professionals to define a long term strategy because a given method may be pre-empted by the stoppage of access to a particular set of user data. Targeting more specialized user communities, however can be coupled with the expectation that members have explicitly opted in so that they can access the communities full functionality. These more targeted sites are therefore less subject to personal data controversy. f) Lack of marketing/advertising knowledge among IT professionals - IT professionals have primarily been focused on creating services on the spectrum between Business Intelligence and Social Media. On average, IT professionals don't delve too far into the realm of Marketing and Public Relations. The two seem to represent a classic dichotomy, in fact. Communication between these two areas of expertise may be very difficult to accomplish, there are hardly any shared concepts or vocabulary and this makes it difficult to define the area of conversation. It is a cross-disciplinary chasm that can take years to cross with any level of competence. Online and conference banter can be misleading as well, often creating the impression through buzzwords and hype that either party knows more than it really does.
g) Lack of end user sophistication regarding dedicated communities. - Finally, end users are not fully aware of the range of services that could be available to them if they would join more specific online communities. The resistance to joining comes in some part from the belief that joining a smaller community will have less value and that they will be leaving friends behind. Moving from site to site means either sharing time across more services, or dropping out of one altogether. It's true that there is a need for larger, more generic social networks, but many end users have yet to realize that they also have a need for social networks that are specific to a given area of interest. h) Dedicated communities achieving little differentiation outside of being 'dedicated'. That is, such websites have the same photo,video upload,messaging and bulletin board functions as any other social network. The differentiation comes from the stated focus of the site onto a particular area of interest, but there are no services, content or functions that assist the end user in developing the skills
or abilities related to the stated content of the site. Without this depth of focus, communications specialists will have a hard time contributing valuable information to the site that can then work as a source of customers. Also, as this focus continues to lack, potential end users will have little incentive to join.
Also Download The Free Social Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
Predictions For 2011-2012 The Economy as a Driver: Regarding the economy, two possibilities: a) It gets better. People and companies who invest in Social Media/Enterprise marketing now, will be first out of the gate when things pick up. In addition to their existing traditional marketing assets, they will be able to grab more community and social space while others lag behind. That initial turf grab will translate into big growth as spending increases. Even with an improved economy, expect ROI to be a big focal point. This recession has touched a lot of people and caused many to make fundamental changes in their thinking. b) The economy doesn't get better but very gradually creates new jobs over the period of a decade to replace the ones that were lost in a year. In this case the focus on ROI will remain fixed and there will likely be a shakeout among the literally hundreds of service providers during which only those with services that offer the most immediate and actionable insight will survive.
How To Prepare: Look more to the BI side of things as a stable investment and research SMM solutions, keeping an eye on trends. If you plan to buy now, look to a solution with exportable data and easy integration to Business Intelligence. Video: Ease of upload, organization and promotion will continue to see improvements. This will lead to a lot more business video content on the web, with more and more companies creating their own channels. Most of it will be pretty awful, but the few shining spots will inspire others. Opportunities for monetization will increase due to better metrics and video production companies will see some growth in business from SMEs looking to expand their broadcasting capabilities. In addition, look for the video medium itself to become more interactive, with overlays, annotations and buttons/widgets that will not only enhance the experience, but collect this interaction data as valuable behavioral and marketing insight.
How To Prepare: Put a solid effort into creating and promoting a video that differentiates you. Monitor its success and determine if this medium is for you. Also consider that you may have to experiment with styles and point of focus in your content. Specialization: Many Businesses will come to the conclusion that a particular channel or format works best for what they do, and they will focus their attention and spending on that. How To Prepare: During the next two years, test, test, test, what works best for you may change over time because the infrastructure and acceptance of media, format and channels is also evolving.
Collecting data within the user experience – At present, users are generally asked to participate in polls surveys, etc. This is intrusive and breaks the flow of the surfing experience. The other option is for Enterprise Marketing applications to gather interaction data from various websites and applications. The problem here is that this data can contain a lot of noise and spam. Marketers will discover that the use of valuable widgets, applications and activities will provide much more reliable data. How To Prepare: Study videos on Youtube to see how annotations and buttons are being added to enhance the viewer experience. Providing different incentives or video paths on different buttons is great split testing. New applications - Twitter is certainly not going to be the end of Internet evolution. Their current struggle/quandary on how to monetize and stabilize the service is leaving the door open for other innovators. One obvious step forward is to create a micro format that is capable of rich media. The main barrier to any competitor is the community of influential people that the service has acquired over the years. A successful
competitor will have to come up with something very compelling in order to win converts. Even then, the raw force of inertia is something for new applications to reckon with. How To Prepare: Look for Twitter or one of its competitors to add a richer kind of media experience. Also look at Google Wave, understand that it is in fact a richer Twitter and ask yourself why it hasn't taken off. Augmented Reality - Expect augmented reality to begin to take shape and emerge as more of a force in the technological conversation than as an actual implementation. That having been said, initial attempts and rounds of funding will begin and with this, new marketing models. How To Prepare: Because augmented reality is still a long way off, the best thing to do is keep a focus on how your current marketing activities can be ported to this new platform.
Story telling, plots, serial content to keep the user engaged and talking Marketers will go from celebrity endorsements or the patronizing use of 'real' people to actually becoming involved with the people who buy their products and helping them to get more out of what they've purchased. How To Prepare Start planning on how all that Social Media acquired data can help you create sincere, helpful questions which can add to the experience of ownership. Localization- Social Media has helped to create two unique phenomena. One, a more educated customer. This kind of customer is gradually learning that he or she does not have to settle for a lowest common denominator type of product which appeals to a statistical mean of the 'target customer'. They are gradually becoming more aware of small companies and services that can more exactly service their
needs. Two, the ability for small businesses to reach a wider niche audience. The companies mentioned above are now becoming more web literate in terms of how to market on the Internet and in fact may have the advantage of not having to entertain any legacy ideas of how marketing should be done. How To Prepare: This depends on how big your company is. Smaller companies need to take advantage of this situation as soon as possible. Larger organizations will have to develop the agility to meet a wider range of needs. The 'Death' Of Social Media The phrase Social Media will start to get phased out as a unique pillar of the Internet and be seen as one its many views or components. This will allow for a clearer understanding of the technology and how it relates the the entire system.
How To Prepare: Many times preparation is more about getting in a mindset and less about a particular action. Such is the case here, time to rethink the concept. The Singularity Look for Kurzweil's movie to have a significant effect on popular culture, possibly leading to a possibly long term aversion to probing marketing efforts. This will necessitate more invisible marketing and advertising campaigns. How To Prepare: Watch the movie and understand that there is no way that future shock will not play a role in consumer behavior. Perception of the Internet as something that can only be had a glimpse of
The Internet started off as a bunch of connected pages and is now much more than that. It is so complex, in fact that it it becoming apparent we can only see a section of it at a given time. This awareness will lead to marketers developing campaigns targeted at sections, or views of the Internet, rather than at the whole thing. How To Prepare: Start defining the views that will have the most value to you and how you will approach and combine them into a Internet Marketing Mix. The 'Death' of interruptive marketing - Intrusive marketing that breaks into the flow of your Internet experience will continue to be annoying. It was annoying on television and interstatial ads are still annoying when they place themselves between you and the content you are looking for. With APIs and content that increasingly comes directly from the source, large media outlets will face an increasingly difficult time interjecting advertising into your day, particularly when smaller blogs and channels carry the same video via a Youtube embed.
How To Prepare: Start today on finding ways to incorporate marketing data collection into site content and interactivity. As social networking sites continue to provide topic specific widgets, this user profile information will be exposed. The auditing of traditional media by smaller channels. - Smaller blogs and outlets, will continue to call out the extraordinary claims of larger companies and news outlets. This will lead to a period of apparent honesty as they struggle to retain viewership while at the same time provide ROI to their sponsors. In terms of marketing, it will be increasingly difficult for a company to cover its tracks by a frontal PR campaign via a set of network television appearances. How To Prepare: As you develop your marketing strategies, keep in mind that your claims can and will be easily verified online. One-to-one Marketing - While still a ways off, the trend toward a unique marketing
campaign targeted at a single individual will continue to be the ultimate objective of the marketer. This ideal is what will drive development for the foreseeable future. That having been said, people will begin to rebel against the creepiness of having a corporation know what you are thinking. How To Prepare: Put some thought into exactly which information you need in order to do business. Don't just assume that more is better. Each additional piece of into exposes you to customer angst. Marketers become more autocratic moving from nurturing leads to telling them what to do, but with the proven ability to do so. All of this transparency via the internet is leading to companies that deliver less image and more information in their advertising. This leads to a drive in quality that can be proven and finally, to sales and marketing efforts that are increasingly feisty about defending and promoting their products and services. Rather than 'Please sir, give us a try,' the pitch will read more like, 'We know we rock, take it or leave it'.
How To Prepare: Tune your marketing efforts to speak more aggressively about your strengths and worry a bit less about slogans and keywords. Tell it like it is. More Purposeful use of social networks will lead to an effective decline in user stats, but a bigger return per site visitor, due to higher involvement. Facebook and Twitter are proud of their community size and purported valuation, but their revenues, are shockingly low compared to any other businesses with that number of customers or patrons. Beyond that, both services suffer from dormant accounts that haven't seen activity for so long that they effectively do not exist. At the same time, users who have become inactive on Facebook and Twitter are becoming more active on other sites that more specifically target a given interest. What those sites are getting are smaller, well targeted audiences that are also acclimated to the idea of third party apps, Flash applications, Ajax and other tools which both provide end user value and valuable marketing data. Marketers focusing solely on Facebook, Myspace due to their audience sizes will miss out on much bigger opportunities
elsewhere. How To Prepare: Start seeking out today those websites that produce content that is consistently valuable to the actual target for your product. Worry less about generic audience size. Online to Offline activities - Tweetups are a perfect example of this, sites that have developed a specific set of interests and enable quality exchange of information will eventually lead to the desire for such people to meet each other in groups. The internet will become less of a source of isolation and more of a facilitator of face to face interaction. The added value being that online, these personal and professional similarities are identified faster and events are much easier to promote and organize. This will become a fantastic opportunity for communications
professionals to put a human face on all of their data mining, thus removing some of the spookiness of knowing too much about a single person. How To Prepare: Be sure to recognize that this trend does not imply that you need to attend more conferences. It means that you need to empower your customers to meet locally and on their own.
Year of the Shark - The recession, its stubbornness and the lessons learned from the last .com bust, will result in the word 'Money' replacing the word 'valuation' in and around the Bay Area. How To Prepare: This mindset will be prevalent among buyers as well. The 'Saves money' part of the message equation will start to have more gravity. Enterprise Social Tools While Oracle, IBM and Microsoft have been flirting with the idea thus far, in the next few years they will come right out and say it. 'We do Social Media'. Having adopted it, they will go full bore into the complete business process integration that companies of this size can afford to do. How To Prepare:
Observe the changes in offerings from these companies and those for similar feature sets among lower priced alternatives. Also look for price decreases from big vendors. The failure of mobile marketing to drive impulse purchases Geekdom moves on a different time-space continuum than does the rest of the world. This is their blessing, but in times of recession, it will also be a curse leading to a plethora of snazzy mobile applications loaded with all manner of reality augmentations, Geo- locations, text to speech and real time updates. They may fail to look down at their feet and see they are standing on top of a recession. This mobile infrastructure will continue to be developed, but will not be realized in a commercial sense for another 5-10 years. How To Prepare: Examine your mobile use. How many applications do you use? Marketers will respond to a more knowledgeable and frugal customer by giving them what they want, useful information with which to make a decision
People making quality products will lead the way in this development by virtue of the fact that they have to most to gain by educating their customers. They will invite discussion, criticism, input and feature requests. They will also win business over companies that think that they can compete on price and image alone. How To Prepare: Increase you output of webinars, white papers and informational videos. This content will not only serve a need it will also create loyalty. Remember, white papers should speak about the industry, not explicitly about your product. Traditional marketing will continue to work. People will not become any less vain, foolish or greedy. People evolve far less rapidly than technology. That is, there will continue to be people who buy based on popularity, celebrity endorsement or base motivations such as greed, vanity or laziness. How To Prepare: Be clear with yourself about what it is that your company is selling, if it can be differentiated on functionality, quality or
cost savings, make information a part of your mix. Otherwise, it's business as usual. Hype it up. The spontaneous emergence in the popularity of quality made goods that can relate a real identity. Products at the high end of the spectrum of quality frequently have an interesting story behind them. Now with a more research oriented consumer, these stories will now start to be told and gain audience share. For decades large sporting goods and electronics companies have been exhorting people to get out there, think different and be yourself. Starting in 2011, customers just might start taking their advice by shopping elsewhere. How To Prepare: For smaller companies, this is a great opportunity to create a mythos around your brand and find those customers who share your vision. A traditional media that grows less manipulative as a selling point.
Like it or not, today's TV demagogues, rather than commanding obedience, as was the case between 2000-2008, are making a living off of a visceral disgust and fear of Governments, Mass Media and Large Corporations. This kind of angst will have to be addressed by companies, causing them to redefine themselves as being smaller and more locally oriented. How To Prepare: Larger companies may struggle to appear in tune with the customer. Such a sentiment is no longer a matter of making the claim, but of showing through your community that your claims are real. This is more easily managed by organizations with a tighter focus. A conscious recognition that small businesses are good for America? A willingness to pay more for sustainability and quality? A consumer who buys not only with his wallet, but also with his principles? Government ineptitude, blatant dishonesty and the hubris with which they serve only the lobbyists that get them elected may lead many Americans to conclude that the only change will come from their own actions. It is possible that politics will continue to make its way
into the marketplace and reach the turning point that turns their shopping habits into a political force. How To Prepare: Again, smaller companies stand to gain from this, having started off with a mission that syncs tightly with their target and avoids overreach by extending services within their niche rather than constantly branching out into ever more alien territory.
Also Download The Free Social Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
Conclusion: While there is a clear chain between Internal Processes/Business Intelligence and Strategic Communications, it has not been developed in the sense that it can be traversed by a single and completely unified system. This is most likely because as the social Internet continues to evolve, the needs of those using its communication capacity to do business will start to diverge. There are certain to be some common components, but a one size fits all solution similar to a generic PHP BBS system seems unlikely. In the same way that the customer is starting to expect products that meet his or her more specific needs, companies in need of social
media analysis, optimization and broadcasting solutions are also becoming aware of their own unique situations and dynamics in the markets they serve. This will lead to a wide variety of choices for those in need of such services, as well as the continued need to learn about social media marketing and integration as a discipline. Simply reading the label on the box and hoping for the best just won't do. Companies will not only have to hire such services, they will need a person skilled in this area on their own staff, someone who can grasp the path between Business Intelligence and Customer communications at a significant level of depth. This will mean a blend of competencies in IT, Marketing, Sales and Copy Writing. The continued growth of social business intelligence will not simply be a matter of lying down a single super highway connecting business internals to the front facing customer components, it will be more like a network of smaller roads and more precisely defined services. The continued drive for cost savings will boost further development in technologies and products that provide a more immediate ROI that is tangible and convertible to cash rather than opportunity or esoteric assets like brand image or consumer sentiment. If the urge of consumers matures from penny pinching to buying things of quality that last, the value of online communities will increase because they will be able to provide the transparent and
verifiable, peer based review of goods and services that such consumers require. Marketers who can effectively fill this space will be positioned to develop a dialog and relationship of greater depth that leads to significant loyalty and even evangelism. As is the case with any strong relationship, errors and flaws are easier to work through when there is a history of stable, consistent and honest communication. The next few years are likely to see customers that are more shy about spending money, but also more mature in terms of a willingness to pay 30% for something that will last 5 times as long. Such a shift would benefit smaller companies that place quality before volume. If this happens, these smaller organizations will be ideally positioned to benefit from optimizations to their social internet presence. Finally, companies will have to be very creative and innovative in their efforts to tune social media tools to a more personalized communications strategy. They face a big challenge when making this happen, but the resulting innovations will provide significant boosts in the ownership experience as well as the quality of the products themselves. Please send comments and questions to:
Socialbusiness@ciowhitepapers.com Also Download The Free Social Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
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The guide to social media marketing and buisness intel.pdf

  • 1.
    The Complete GuideTo Social-media Marketing And Business Intelligence Please send comments and questions to: [email protected]
  • 2.
    Table of Contents Introduction.............................................................................3 The5 Pillars Of Social Media and Business Intelligence Integration................................................................................9 The 7 Key Reasons You Need Social Media And Enterprise Marketing ..............................................................................22 8 Key Social Media Metrics and Their Actionable Responses ...............................................................................................28 The Nine Step Enterprise And Social Media Marketing Work Flow.......................................................................................33 Test The Social Media/Enterprise Marketing Waters For Free ...............................................................................................38 Available Solutions And 17 Essential Questions To Ask A Potential Vendor.....................................................................56 Linking Enterprise Marketing To Internal Business Processes ...............................................................................................64 7 Social Media Metrics That Drive Industry Development..72 Risks and Opportunities in Social Media and Enterprise Marketing...............................................................................76 Predictions For 2011-2012....................................................95 Conclusion:..........................................................................116
  • 3.
    Introduction After a decade of stable functioning , growth and innovation social media and more importantly the platform (Internet) upon which social media occurs, has proven itself to be not only a cultural facilitator, but also a very real business tool. Social networks powerfully differentiate themselves from previous internet marketing channels in that on a daily basis, they are gathering, parsing and sorting the commercially valuable demographic data of the end user. While the currently used title for the present state of Internet evolution is 'Social Media', the phrase is restrictive because it fails to acknowledge the wide range of services, communications and evolutions that are concurrently taking place throughout cyberspace. While the phrase is descriptive, it is better to think of it as one of many views of the internet. It is important to recognize social media as a subset of a larger whole where the component parts and various platforms protocols and devices are all different ways to
  • 4.
    see the samedistributed information , communications and manufacturing network. What has generated a lot of the attention on the phrase social media is its potential to bring larger customer bases to smaller organizations that produce for increasingly niche markets, to make target customer metrics more granular and to enable the empowerment of the end user and client, giving them a sense of governance over how the products that serve them are created. This is because social networks bring the following functionality to the table: 1) Collection of user demographic data. Even at this relatively early stage, age, location and education levels are visible on the more popular platforms. As social networks and internet applications grow more complex, extended and more niche specific data will start to be accumulated and distributable to companies who could use this data to learn more about their customers and create more effective, timely and authentic promotions.
  • 5.
    2) The abilityof user<->user interactions to create evangelistic communities. Face to face promotion of a product from satisfied customer to potential customer is some of the most effective marketing available today. At the same time it also provides a reliable source of research for people considering a particular purchase. When amplified by the scope and processing speed of the internet, companies are fooling themselves if they think that they can continue on with the same communication methods they are using today. The potential benefits of initiating an evangelical wave are enormous in terms of generating loyalty, audience reach and sales. The trick and area of development that needs to be mastered is how to generate these waves in such a way that is reliable and measurable. 3) The fact that as a socially interactive medium, the internet serves as a powerful link between internal corporate processes and the client/consumer who is also the end user of a social network. The appearance of this pathway between functions in the business cycle is just beginning to define itself, but it is already clear that there are a few gaps that will result in extensive opportunities for companies that can facilitate efficient flow and interpretation of data along these roads while demonstrating tangible, not ethereal, ROI. 4) The pulse of ongoing dialog within Social networks/media
  • 6.
    can be tappedto reveal community and consumer sentiment to a degree that traditional poll/focus group measurements cannot, particularly with regards to authenticity, the proximity to how a client or customer feels outside of a controlled environment. In addition, this consumer feedback is digitally inputted and easily parse able in a way that is suitable for Business Intelligence and operations processes to consume and turn into ongoing optimization. Of course, there is a lot of hype about social media, and this overabundance of exuberance has resulted in many people overlooking the actual tangible benefits of the phenomenon in terms of its ability to, at the end of the day, make more money. Social media by itself, does not generate cash. This has probably been overstated by now to the point that the internet consulting space is overflowing with people practically advertising their ability to not make money on the web, as though this is an unproductive behavior. They instead talk about social capital, social authority, mind share and all manner of methods to gain high social ranking, it is social media after all. The problem here is that this has or will eventually lead to a jaded view of these ongoing developments that will either drive immediate monetization of social media efforts or a complete discounting of this new infrastructure as a meaningless trend that will be an ironic memory is less than ten years.
  • 7.
    The problem witheither outcome is that there is then a failure to examine where the interactive and social internet fits into the business cycle between product creation, business strategy, public relations, marketing and business intelligence. The appearance of a social internet has revealed a path between all of these previously disparate areas. While one or two have been connected before, today the development of a pathway (indeed,pathways) between all of them is now plausible. There are still areas that need to be filled by various companies and organizations, but it is now clear to those looking with a more historical perspective, beyond cynicism or hype, that such a business flow exists and is currently under development, creating efficiencies and providing valuable insight. In this white paper we'll take a look at the various components of this chain, as well as the areas that need further development in order for companies of all kinds to either contribute to or benefit from this technological evolution.
  • 8.
    Also Download The FreeSocial Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
  • 9.
    The 5 PillarsOf Social Media and Business Intelligence Integration Definition: Social Media Management Systems are a group of applications or methods used to manage and track work flow in a distributed social media environment. They can be manual or computer-based and enable the manager to listen, aggregate, publish, and manage multiple social media channels from one tool. How it works: In the most basic sense, there are three simple features, 1) connect with social media channels like Facebook, Twitter and Youtube. 2) Allow the manager to quickly publish from one location to each of those channels, some provide ability to customize to each channel as well as schedule all or certain messages. 3) Aggregate and Manage social data. The system allows the manager to see an aggregated view of what’s happening (from views to comments) and will offer some form of analytics and conversion metrics to varying levels of depth and complexity.
  • 10.
    Each of thesebasic functions can be expanded upon to incredible levels of detail. Social media as a platform has proven itself and is now a part of any marketing mix. At the same time, marketing has come to incorporate many of the features of business intelligence and in many cases connected to internal business processes. Overall, this development has been concurrent and convergent. That is, all these technologies have been evolving on their own unique paths for the last decade while at the same time looking across the bow at other parallel field's development and converging with them to the extent that they provide value. There is now a great degree of inter-relatedness and it is up to the organization to decide which mix is appropriate to their business. Those components are:
  • 11.
    1) Social media 2) Marketing Strategy 3) Business Intelligence 4) CRM managing and nurturing a company’s interactions with clients and sales prospects 5) Internal Business Processes Each of these components relates to one or more of the others in a functional way that, if done correctly, adds value and efficiencies to to company, its products/services and operations. Let's quickly define each of these terms in order to be clear and also to see how they are different from each other. Social Media - This is how individuals and companies use websites who's primary source of content is the end user. Because of this, gaining credibility is a matter of supplying not only good content, but good social interaction. It is, after all, social media. A common starting mistake during the last two years has been to view social media as a platform for email blasts and 'campaigns' rather than as a process of communication. As understanding evolves, we will come to recognize that this medium is it's own beast with its own properties. While it is certainly possible to attend to customer needs and issues via social media, it is not wise to do so. The data interactions and access rights are all determined by the host of the service, not by you. Social media should be considered more of a broadcast and participation, and even lead generation media.
  • 12.
    Social media relatesto other business components in that it informs them with a real time immediacy that has been previously unavailable. This has huge potential for a new set of marketing metrics, and we are now in the phase of developing this infrastructure. The internet is now brimming with companies willing to parse through, store and interpret your social media interactions. Each of them with a different level of granularity, reliability and cost. CRM - CRM focuses on service, retention, sales and lead generation. This is the component that addresses the customer on a more one to one level and speaks more specifically on customer related issues such as terms of service, pricing, email lists and the actual sale. It differs from the social media component in that it is less promotional and participatory and more actionable. It is the mechanism through which deals are closed and customers receive hard goods. Social media informs CRM as to what actions need to be taken and CRM uses social media as a way to broadcast participation and messages that pertain to both current and potential customers. By making social media a CRM component, potential customers can have a first hand look at the company they will be dealing with should they decide to make a purchase. Marketing strategy - The methods and tactics used to gain the attention that leads to sales. Both social media and CRM efforts need to rely on a comprehensive approach to the customer that is built on
  • 13.
    the companies missionstatement and long term goals. Without this, the flood of information from a constant stream of services coming online will overwhelm the marketing approach and reduce it to little more than a scramble to answer everyone, one-to-one, in real time. Marketing to an audience that has this one-to-one potential does not obligate you to speak to everyone. Having these tools requires you to 'choose your battles' for maximum return. In the same way that a short tempered employee can embarrass his whole organization with one rude tweet, a well trained staff can create large positive waves of good will simply by focusing attention on a situation and audience that has high and positive visibility. Locating these spots on the web, these communities and times of day is the function of marketing strategy. Both social media and CRM interactions help to inform this
  • 14.
    Business Intelligence -The ability to dig into data that has been acquired through disparate channels and business activities and then identify trends, opportunities and areas where efficiency can be improved. As stated above, social media and CRM are used to inform the long term marketing strategy. The problem is the huge volume of data coming from both channels. This is where business intelligence comes in. BI compiles, parses and interprets this data into reports and forms that are consumable by marketers and strategists. What business intelligence cannot do is change the quality of the data coming in. There does need to be a starting point so that an organization feels comfortable that incoming information is useable by the company, that it comes from the target audience. Locating these sources of useful data is one of the services offered by various consulting companies or dedicated marketing staff. In addition, effective business intelligence requires a staff or consultant who knows what to look for and how to find it, a person who knows how to read data in a way that provides business value. The majority of social media marketing and enterprise
  • 15.
    marketing companies providingservice today are in this space. That is, collecting data from your interactions and then interpreting it. They either do this for you, provide tools to that end or, as consultants, provide the strategy, recommendations and support for you to implement. Such companies define themselves, and their cost structure based on how comprehensive the data collection is as well as how deep the data analysis goes. Because this is a newly evolving area, there are many companies that struggle to define what it is that they do and how to integrate their offerings into your business process. Simple free services count how many Twitter followers you have or how many times someone mentions your name, leaving it up to you to interpret the data. Other companies collect data from Twitter, Facebook and Youtube (Or another collection of sites) and provide some interpretation for a monthly fee. Still other companies do above, with a more robust database implementation a deeper view, plus historical analysis
  • 16.
    Finally, companies likeSAP, Oracle and IBM provide the means to process huge amounts of information and highly complex analysis. At the low end, there is no marketing and branding consulting included. At the middle tier, such consulting is offered for additional cost and beyond this, various companies are balanced in different ways. Some are more focused on the technology and some are more focused on the branding/marketing/public relations aspect. At the high end, it is assumed that you are paying big bucks for a high end technology solution and that you can accept the cost or have your own resources to handle marketing communication separately. Internal Business Process and Strategy - How the company, organization, blogger operates day to day in order to reach targets. Internal processes can be informed by Business intelligence. Finally, there are the internal business processes. What a company does on any given day is a combination of its long term strategy mixed in with the feedback it gets from competitors, customers and industry dynamics. Information from each of these can be had from online activity, research and dialogs. Like marketing strategy, Internal processes don't communicate directly with the end user, they act on data compiled from business intelligence.
  • 17.
    There is anothersector of social media that connects staff in large company's in their own closed social media network, which can then be tied to outside communication channels, but it is still effectively an internal communication process. In effect, all five parts can be represented by a simple drawing of a car. Business Intelligence is the body of a car through which data is processed and interpreted, it passes two axles of communication channels that connect internal activity with outward facing activity. The dynamic of all this information broadcasting, collecting interpretation and adjustment is what drives the car, your business, forward. Failure of any component leads to stagnation, a breakdown in business intelligence leads to a stopped vehicle, that gets passed by other cars (businesses) and an ineffective tire (One of the components, Social Media, Marketing ,CRM, Internal Processes), Leads to a car (Business) going in circles. What you pay for when you pay for any of these services is a faster, better running and more efficient vehicle. You can buy a car complete or your can assemble your own, the choice is yours. If you buy a complete vehicle, with the best tires and engine block, you'll pay a lot of money. You can assemble a best-of-breed car, save some money and do the basic assembly yourself
  • 18.
    You can buildyour own from scratch, save a ton of money and have a very flexible and modifiable vehicle, but you'll need top of the line mechanics (engineers) to build and maintain it for you. If you can do this, you'll then likely have a platform that can be resold to other people, and this is precisely what many companies do, they offer their own framework, one that has worked for them, to other customers. Having this understanding, you now have to evaluate your needs, go out on the lot and buy a car. You may want to just jump right in, get a pre-fabricated vehicle and start doing business, but there could be some issues here: a) Support issues b) Your dependency on the service provider c) How easily data can be ported to another system. The number of options out there is amazing. Here are some examples: The body: The business intelligence unit goes from the basic, a very low cost Mysql database that you will have to do the scripting on to get the data out of. Various 'single tires': business components that offer the marketing, internal process consulting, business strategy or social
  • 19.
    media consulting individually.You assemble them together Various combinations of these tires (components), examples: a) Marketing plus social media b) Social media and CRM linkage c) Business strategy and marketing communication d) Business intelligence connecting one or all of the tires e) Internal processes with business intelligence Theoretically, with 5 parts there should be be 5*4*3*2*1 possibilities resulting in at least one company for each combination of collection of combinations. Obviously, the comprehensiveness and quality of the solutions will drive the costs that a given service provider quotes you, but at least now you have a picture of the myriad choices that face you, both as a customer and as a potential service provider.
  • 20.
    Given the above,you most definitely see that knowing your needs and objectives, while it has always been critical, is now even more essential. There is simply too much to choose from for meandering experimentation to be a possibility and these tools really are necessary. For each mix, there is likely now a company that specializes in that blend. Because given blends are more suited to specific industries, some companies will feel comfortable serving clients in a given industry, as opposed to a particular kind of product. This depends on the scope of the service provider along with how successful they are in retaining business for their defined niche.
  • 21.
    Also Download The FreeSocial Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
  • 22.
    The 7 KeyReasons You Need Social Media And Enterprise Marketing Before we answer this question, it is about time that we abandoned the trendy, yet deceptive phrase 'Social Media Marketing'. Social media is part of the business ecosystem, not separate or autonomous. The question is less of implementation and has more to do with integration into existing business processes. Beyond that, it has the power to change business in fundamental ways. It is this last point that leads many to think that social media is a) New b) Its own autonomous entity. First of all, social media is simply the current iteration of the Internet, with user generated content, semantic storage, APIs and far improved parse ability via XML/JSON and the community of users as an asset. It is important to both forget and remember the phrase social
  • 23.
    media at thesame time. Forget it because you need to remember that you are talking about the scope of the entire Internet, not just Twitter. Remember the term, because on top of this Internet is being built a new cultural infrastructure that is more responsive to certain behaviors than others. Because this new social internet is becoming so interlinked with the business process, a better term would be Enterprise Social Marketing. Knowing these two things alone may be enough to convince you that you can't continue doing business as you are right now. New Internet technologies have rapidly matured and can provide significant value, efficiencies and insight. More compelling is that these tools are giving competitors a cost, authenticity and reach advantage. To be clear, though, let's list the reasons you need to implement an Enterprise Social Marketing solution. Cost/The Recession - This recession has been, and still is, so deep that fundamental changes in business thinking will have to occur. Without going to heavy into cause and effect, it is generally agreed that housing had something to do with the downturn. This would seemingly not affect an unrelated IT industry, but the devastation wrought by overvaluation has changed business thinking in general to the point that sexy is being replaced with ROI and Real Intrinsic Value. Customers and clients of all kinds will ask about ROI and less about design, UI and innovation. Markets, businesses and buyers are
  • 24.
    going right backto basic principles and they need to save money. It's not just a tighten the belt game though, it's business and in business one must still compete, innovate productively, create efficiencies and inspire. Enterprise marketing and its social media tools have the ability to accomplish these tasks for less money if implemented correctly, and there will be some companies that do. Other organizations will become lost in the myriad choices on offer today (and the myriad more to come), get confused and waste their hard to earn cash. The efficiencies created by integrated marketing with social media are real, as are the risks. Because some of your competitors will get it right and save money that can be used to develop their brand, products and businesses, you also have no choice but to begin defining your approach. If you don't, they'll bury you in cost savings alone, much less the other benefits described below. Flexibility - Unlike traditional media, Internet marketing possesses a wide variety of channels to utilize. Video, Banner ads, Injection into communities, Bulletin boards and many others. Every year a new platform and method to advertise on that platform is created. Analytics - Rather than simply tracking changes in sales after a given campaign, marketers can track activity by site, channel, media, method, message and a wide variety of other metrics. Coupled with
  • 25.
    real time responsecapabilities, marketing efforts can adapt and profit from knowledge much faster than before. Targeting - Platforms like Facebook allow ad targeting to occur by age,sex,education,location and a whole host of other demographics. There is simply no way that traditional media can accomplish this and even if it could, the cost would be enormous. Online, this cost is much less and direct to the people who's attention you need. Beyond that, public reaction to outgoing messages can be monitored and measured. Value Creation - Enterprise marketing actually adds something of significant value to the business as an entity. As it evolves, it will continue to achieve greater integration with a companies business processes. Think of it this way, a company that has a solid and well integrated enterprise marketing platform will sell for more than one that doesn't. Responsiveness - The turn around time on customer and community feedback can range from one-to-one to days, weeks or months, depending on the companies strategy. The more immediate response is particularly powerful when gauging a marketing effort and
  • 26.
    making adjustments basedon historical trends and incoming data. Put simply, the wait time between strategy adjustments is significantly reduced. This allows for quicker synchronization with the sentiment of your target market. Increasing granularity - Every year enterprise marketing platforms and their upgrades are able to produce a better defined picture of trends, motivations and statistics. Armed with this knowledge, marketers can not only address their audiences with a clearer message, they can transfer this understanding to product development. Authenticity - Better knowledge of your audience, due to increased granularity, targeting and responsiveness means that you don't have to pretend to know your audience, you will actually have hard data to back up your assumptions about them. This translates into great branding because real identification with the customer commonly translates into loyalty and evangelism. Even one of these factors could create a sea change in marketing, but what is happening is that in addition to 7 significant advantages, we are also seeing increased communication and integration between business components. Coupled with economic pressures that put a massive focus on value and ROI, we can be said to be experiencing a revolution in business practices.
  • 27.
    Employing Enterprise marketingis less a matter of deciding to use a given set of tools and more of acknowledging that it is part of the new business climate. The choice you have available to you is not whether to choose a given tool or even how to use it. The first decision is how aware you want to be of these changes and whether you want to navigate them or become the victim of those of your competitors who have. Of course, the gravity of the situation really depends on the nature of your business as well as your future goals. If you are OK with selling lemonade on your street only and don't plan to develop systems to expand and scale out, it's unlikely recent technology and media changes will affect you. Also Download The Free Social Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
  • 28.
    8 Key SocialMedia Metrics and Their Actionable Responses 1) Monitor the opinions of a target demographic and online locations where a positive opinion is expressed. Natural language processing and filters can determine the key points of satisfaction as well as the various product use cases that lead to a pleased customer Online locations where negative sentiment predominates can also be identified and a more aggressive problem resolution effort can be
  • 29.
    undertaken there. Thiscan result in pre-empting a viral explosion of ill will toward your organization. Action: Collect the differentiators that emerge from positive sentiment, the things your customers like most about your product and work to develop products and services more along those lines. For negative sentiment, directly address and resolve valid concerns and the individuals who have the most influence. 2) Identify cases where negative sentiment is turning into a PR crisis. Action: Effective social media monitoring will be able to identify key influencers before too much damage is done. This will allow you to approach them with solutions long before the horses have bolted from the barn.
  • 30.
    3) Identify individuals,blogs and web applications that hold the most influence over your brand. Action: Web community efforts in the areas identified as having the most influence. Speak to them on the terms identified by your monitoring as important to them. 4) Keeping real-time tabs on the development of opinion and sentiment, particularly in relation to new products and services as they are released. Action: Not having to wait for consumer feedback means that updates, customer service and future development will be more immediately accessible. This shorter wait time between release and feedback leads to quicker issue resolution and new product development. 5) Measure how your brand, advertising efforts, products and services play out in relation to time of day, and geo-location. 6)
  • 31.
    Action: Adjust andmodify products and services to specific geographies. Release your messages and ad campaigns at the time of day when most of your target customers are receptive. 6) Determine which media types and platform protocols (Video, Short message, podcast etc) have the greatest success rate. Action: Focus your efforts on the media and channels that deliver the most ROI. Modify efforts in media and channels that under deliver. For example, you may learn that your video campaign, while entertaining, doesn't generate qualified leads. You may then have to focus on providing product specific and industry related video content. 7) Monitor competitors. Action: Examine and emulate their success factors in areas that you can. Learn more about the sentiment of customers you would like to acquire from your competition.
  • 32.
    8) Research theindustry. Action: Learning about the industry in general is made possible by internet content that is more parse able along with natural language processing. This allows you to rapidly identify areas of growth, gaps and places where the market is saturated.
  • 33.
    The Nine StepEnterprise And Social Media Marketing Work Flow Create a communications strategy - – Define message – Before a social media and/or interactive internet marketing campaign is begun, it is necessary to define exactly what kind of message is needed. Some messages may be very simple and, like traditional media, occur redundantly over pre-scheduled times. More advanced message can span a period of months and involve more detailed content, interaction and media. Many companies struggle with the concept that Internet marketing is much more than advertising, it has a wide range of tools available to it and can become much more immersive than
  • 34.
    ads that blastout to recipients. Optimized social media marketing consists of a means by which data is being collected from the target audience at the very same time that it is being communicated with. – Define tools, media and channels – Once a communication strategy is defined, the required tools to make this vision will start to make themselves apparent. At this point, the company doing promotional work can map out the actual resources that will be required. Depending on the complexity of the effort, this is the point at which an enterprise marketing solution can be explored. Resources that may be required include, video shooting and editing, coding/scripting, design, Ajax, Flash, copy writing and analytics. – Refine message to match tools, media and channels – Once the tool set is collected or hired out, you'll find that the message will have to be shaped to fit into the container defined by the platform being targeted. That is, if Youtube only allows 10 minute videos, you're idea of a 30 minute infomercial or seminar may be adjusted to a series of shorter lessons or tutorials, particularly when factoring the possibility that your audience may have a shorter attention span. Messaging will also have to be adjusted in the event that you'd like a single message from one platform to reach a variety of sites. In this case, creating a media that meets the lowest common technical denominator is required.
  • 35.
    – Define schedule– Your message may or may depend on redundancy, serialization (A regular schedule), Community response or the times of day that most of your target audience is online. This needs to be defined and measured for affordability in terms of the media that will have to be produced. Broadcast – Once prepared for content and format and schedule, the message can be broadcasted. If the above steps are prepared correctly and a service/platform for sending information is intelligently selected, this should be a simple step. Otherwise, you can find yourself submitting things manually and consuming valuable time that should be devoted to analysis and modification. Collect Data – Data collection can be as simple as visiting your social network accounts and checking for responses, or as complex as gathering this data via a third party service provider. Information collected this way can be interpreted by their interface or sent to your own business intelligence system. Analyze data – In terms of marketing – The data returned is then examined for trends and insights into the market and the response to your communication efforts. Many products immediately produce graphs that illustrate the basics, like click-throughs, source and number of times a given
  • 36.
    message has beenresent. Beyond this, services vary as to how much detail and tracking is included with the service. - In terms of business processes – Analyzing the same data from this perspective can reveal redundancies, inefficiencies, waste and un-utilized features/services that can eventually be phased out as a cost savings measure. Modify processes and marketing strategies - Communications responses and customer feed back can then be studied for how it applies to product design and other processes that face the customer. Once communications feedback is understood, processes can strategies can be modified, stopped, initiated or expanded upon. Rinse and Repeat – Once an updated or new strategy is created, it is again broadcasted thus repeating the cycle of creation, broadcast and improvement. Optimally, all business processes are linked to a more comprehensive communication with the consumer and the vehicle of a business is propelled forward by a closer, more accurate and more granular link to the people that they serve. Again, this is not just social media marketing, it is using what is essentially a distributed communications platform and networked database that is accessible via a wide range of hardware (PC,mobile,gaming device) to deliver more business value, greater
  • 37.
    customer satisfaction andinvolvement. Shifting the focus to the total phenomenon of the Internet rather than to a particular web application, format, media type or moniker Du Jour, will help to maintain focus on this force as an evolving business tool rather than an erratically defined techno-mantra.
  • 38.
    Test The SocialMedia/Enterprise Marketing Waters For Free To get started with Enterprise Marketing, take a look at some of the free online tools that can provide insight into activity related to one or more of your internet presences. Below is a table that lists some free sights that provide these metrics. What you need to be aware of is that these applications will only provide a glimpse of the kind of analytics that are available. What you need to ask yourself when using these free services is whether this information and extensions on this information will be useful. Your answer will most likely be 'Yes'. Getting referenced, forwarded or retweeted by someone can be a big boost to an organization. Automating and scaling messages that spread virally can represent huge cost savings and marketing ROI. As sites such as Twitter, Facebook and Youtube continue to add features, they will accumulate ever vaster amounts of demographic data and also continue to find ways of making this data available to marketers in an ethical transparent manner. The latter is a matter of working out legal and perception bugs but this is an infrastructure that can be built.
  • 39.
    Here are someexamples and what they provide http://www.twitalyzer.com/ A nice interactive UI rich set of analytics for your Twitter presence, allows for integration with Google analytics, it is free but more complete analytics start at $9.99/month
  • 40.
    Trendistic.com lets youtype in a key word and returns statistics on how that keyword is trending. This is great for finding the keywords in social media that you can use to pull in visitors.
  • 41.
    http://www.klout.com/index.php – This applicationexamines your Twitter account and provides a series of metrics, including feedback on how influential you are. This is useful when testing strategies for obtaining recognition as an authority in your area. Also free
  • 43.
    Socialmention.com pours overthe web and examines your metrics across the internet. Considering the scope of its search, the amount of information you get from this free service is quite impressive.
  • 44.
    Also Download The FreeSocial Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
  • 46.
    Omniture.com (below) hasa suite of applications that handle all aspects of marketing, from campaign management, to lead generation and email. Some very comprehensive analytics.
  • 47.
    Kontagent.com has agreat analysis of your Facebook account and can provide an excellent overview of what kind of metrics are available via paid services. Like the other free tools, a quick look at their output gives a good idea as to the actual business value you will be getting from a fully engaged campaign on one of all of these platforms.
  • 48.
    http://trendistic.com/ Analyzes trends in Twitter and provides a stream of tweets on a given subject. Not only can you see what is trending, you can see the kind of conversation that is taking place around a given topic.
  • 49.
    http://www.webtrends.com/products/analytics/facebook.aspx Facebook analytics, providing stats on your applications, ad campaigns and audience demographics. Webtrends also provides a number of other applications that track a variety of data sources other than Facebook. What you may find from companies like this, is that each of the products can be purchased individually. This is
  • 50.
    great if youhave a focus in a primary area and have determined a valid need by examining free tools first, but if you are not careful, you may end up with the same daily routine that you'd have if you were to use the free web sites. That is, bouncing around from screen to screen, trying to aggregate various collections of insight into something actionable. Ubervu.com (below) is similar to socialmention.com in that is examines the internet presence of a site of keyword. It tends to pull from sources with an API, so the data may be more reliable, but also with a more limited set of sources.
  • 51.
    While most ofthese examples are Twitter specific, the same services exist for Youtube, Google, Facebook and any of the other major social networks out there. There are too many others to mention, and by the time you read this, some may have shut down while others may have started up, that's the nature of the Internet. You should go to Google and search for Twitter analytics or twitter measurement and see what comes up. Some applications will be more robust than others, some can take awhile to compile your stats. This is the price of a free service. In addition, these tools can be subject to the whims of the platform, their API limits or privacy issues. Take a couple of days to shop through these tools and create a table that lists the service, URL, functionality, stability/speed and finally in a separate column check whether the tool has a potential business use for you. As you learn about what's out there, you'll be able to define your requirements when shopping for a more complete solution. ...And you will need a complete solution, bouncing around
  • 52.
    between all ofthese web interfaces, can be extremely time consuming, tedious and will eventually lead to a lack of follow up. To use the car analogy again, it would be like spinning your cars tires back at the starting block. Taking the three sites above as an example, many companies would value knowing the kind of impact their presence has as well as the clout. These will essentially help you to understand the strength of your message and its retain ability by potential customers. Here's an example of free tools and the information they provide: Tweeteffect, is a great way to gauge the effectiveness of a given message and Trendistic will allow you to gain a sense of direction when forming a new message. Together, these three tools have the potential to help you gauge public perception of your name, measure the effects of a given broadcast, and compare your messaging with what is currently trending. Very valuable information indeed. This information increases in value as the volume of activity and consequent quantity of data increases. This quick test case quickly reveals a minimum of what you should be expecting and asking for when considering giving your business to a dedicated, more comprehensive and expensive social media/enterprise marketing service provider. Whenever a new
  • 53.
    business sector opensup, there is a glut of companies, consultants and shysters who are more adept at spinning buzzwords than actually creating value. It is absolutely essential that you find out for yourself what is available for free before you take a strangers word on what a given service or feature should cost. You shouldn't be paying for whiz bang graphics, UI and deft programming hackery, but real measurable business value. Things will eventually shake out to the point where the gap between customer knowledge and consultant hype narrows, but unfortunately, most of us are in the position of having to decide and implement now. Many of these available tools also have their own API, so you or your tech- literate colleagues can roll your own solution if you like. In the process you'll learn a great deal about how such systems work, the value they can provide and the overall landscape of this sector. Be warned though that you'll have to deal with API limits, scaling issues from the data source, and additional equipment/staff purchases. In fact, as this art/science evolves you'll eventually need to open up a dedicated department,
  • 54.
    probably sooner thanlater. Finally, if Twitalizer for example, has it's own API, that's great but remember that Twitalyzer depends on the Twitter API. This means a chain of dependencies. At this point, outsourcing this work to another service provider starts to make sense. Sure, they are also subject to API limits, privacy concerns and scaling issues, but because of their volume and history in the market, they've been able to forge much more stable relationships with Twitter, Facebook, Google, Youtube etc, along with the fatter data pipe that this kind of relationship includes. Also keep in mind that the large social media platforms have something to gain by seeing social media enterprise/marketing service providers prove ROI. Smaller, single proprietor outfits generally tend to tax resources and increase exposure to privacy and security issues until they reach a certain size. Finally, time spent on rolling your own social media/internet analytics package is time better spent on your core business. In effect, an examination of these free services is absolutely in order for the insight it provides into the emerging art and science of enterprise marketing. This kind of research arms you with the knowledge necessary to evaluate your needs against what is possible via the analysis of internet data. Next we'll take a look at how you should shop for a paid service provider, what to look for, what to expect and how to use the data
  • 55.
    and reports thatyou'll be receiving.
  • 56.
    Also Download The FreeSocial Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
  • 57.
    Available Solutions And17 Essential Questions To Ask A Potential Vendor Below are examples of companies that provide social-media marketing and business intelligence services. Click Here To See The Social Business Intelligence Matrix Solutions Available for contract or purchase: If you've taken the suggestion in the previous chapter and had a look around at some of the free offerings, you'll be able to see that there are certain classes of business value that emerge as well as
  • 58.
    certain kinds ofrequirements that one should look for. As with any set of products, what is available is on a spectrum along with co- responding price differences. The business value that is provided by even the free accounts should be visible at this point. Insight into audience behavior, their concerns, how your name is playing out, response to a sample of your messaging to name a few. You've probably also run into some of the limitations that these free services provide. Namely, speed, reliability and depth. You may in fact still be waiting for one of more of the sights you went to to finish crunching your stats. Such is the nature of a free web-based service and one or two such experiences should make it clear that this is no way to do business. At this point the choice is to either roll your own or step up and invest in a more reliable product and service. Making your own will be prohibitive for most people, so we'll look at making a purchase and the research required to do so wisely. The survey of free services you have given you insight into what particular feature you can expect, but not necessarily the fundamental characteristics behind a given feature set. So let's clarify.
  • 59.
    Below is alist of characteristics that will cost more in proportion to an increase in quality and quantity. What to look for: Granularity - How fine is that data? It is possible to drill down to a single visitor, tweet, Facebook update or account? Weigh the offering against what you really need right now. Depth - How deep does the data go? How many relationships can it traverse. Heavy business intelligence products can go all over the place, many times analyzing data automatically, finding relationships that you've never thought of exploring. An SME may only need a subset of this depth, so don't get talked into buying more scope than you need. Historical data - Extended use of free online analytics will eventually reveal that historical data is often flushed. These smaller organizations can hardly afford to keep legacy data on the shelves if it is recalled only a fraction of the time. Obviously, the more you pay, the more history you'll get, and with greater granularity. That having been said, you may have defined your marketing strategy to be responsive to only a couple of years, or a couple of months. Marketing in a developing country is a perfect example, there simply isn't enough reliable historical data in many locations.
  • 60.
    UI - Userinterface can be de-emphasized as an obvious angle for a salesperson to take, but it cannot be discounted as completely useless. Good UI makes powerful insight not only rapidly visible, but rapidly actionable. In a real time environment, this is crucial. The question you should ask yourself when shopping then isn't 'How jelly like are the buttons?' but 'How quickly can I get from a set of key data/statistics to generating a new message to a given target audience?' When comparing products, articulate this question to the sales person and measure the time it takes to get a response. In fact, this information should not have to be asked for, the sales literature or sales person should be honing in on and demonstrating on this sales point ASAP. Modularity - Social Media/Enterprise Marketing companies run a whole spectrum between what are essentially PR companies to full blown IT shops with varying combinations of marketing/IT expertise thrown in. You need to decide which mix suits you best. As you approach more IT focused providers, you'll need to inquire as to how separable the components of a given solution are. That is, can the different parts be combined in different ways to reveal different insights? Data can be viewed and processed in an infinite number of ways, how much freedom do you have to isolate views and combine
  • 61.
    them in waysthat more accurately model your own organization? Again, focus on modularity to the degree that it meets your needs, not to the extent that it meets some abstract concept of perfection. Ability to tie to other business components - Can these internet marketing analytics be fed into a large business intelligence component, and with how much ease? This is like attaching the tire to the body of the car. If the data cannot be piped in directly to your business intelligence, it will be up to you to do the interpretation and data re-entry into your database, spreadsheet or other BI warehouse. This would be like racing down the track while physically holding the tire out with your own two hands. For a small company, it might seem like excess to have all such units tied together, but the price of all these services is coming down rapidly, so make sure you are not harboring assumptions that were made a year ago. Ability for automation - Can actionable data and statistics be scripted to increase, decrease, stop or start a particular messaging channel in response to pre-set values? This is quite advanced, but the obvious benefit is that real time response does not have to rely on constant human interaction. This frees up time for strategizing from a longer perspective. For global organizations, this can be a key
  • 62.
    feature, the abilityto tune a message for an overseas market while headquarters is sound asleep. Response from global markets is accelerated. Ability to respond - Some analytics services may not even offer the ability to respond, but may be focused solely on providing data and reports. This may be all you need. If so, there is no point in paying for more. Granularity of response - Can your responses to reporting consist of one message to all platforms, or different messages to different platforms,demographics, geo-locations, devices, etc? Portability of data - Can the data your activity generates be transferred to another platform? You may outgrow your current service, or find that you are not using some features that push up the cost, requiring you to downgrade. In either case, you'll need a way for that data to get from point a to point b, otherwise you'll lose historical information. Ownership of the data - This issue has not come up in a big way yet, but it is conceivable that if Facebook can claim ownership of a person's personal data, perhaps a social media/Enterprise marketing company may claim that while they don't own what is said about you on some blog, they do have ownership rights of the stats and analysis that their algorithms produce. This is a point worth
  • 63.
    considering, particularly ifhistorical data is important to you. If you decide to cancel their service, you may find that you are only entitled to the raw, un-parsed and un-compiled data, essentially a gargantuan unsorted text file. Something to think about. This is why you should think of data portability not in terms of an exit from the service, but in terms of being able to export data at any time, in a useable format, without the assistance of their staff. Search capabilities – Search is an essential component of any of these systems. It is what allows you to access the power of the analytics in its complete form. You need to look for a wide range of filtering capabilities such as time, location, platforms and the ability to exclude certain items. In effect, search should be as configurable as you need it to be . Spam management – Blogs, messaging systems and forums are all subject to spam and content that is clearly not relevant to your needs. Any system you are looking at should be able to filter out this data before it enters your database and business intelligence system.
  • 64.
    Alert functionality –Rather than wait until you search for it to realize that you are now in a full blown PR crisis, it would be better to have some configurable alert functionality to that you will be alerted when a particular number has been reached or situation has occurred. This is not only a matter of damage control, it is also a matter of being able to capitalize on positive responses from a given channel as soon as possible so that you can feed positive momentum. File and reports management – As you continue to use a given system, you'll quickly have a mass of reports, data and suggestions. What is the storage system for these items and how easy plus quick is it to pull this information? A Demo – Many service providers have a free demo that is available for you to use for a limited time or with a limited feature set. See the list below for a directory of companies, their feature set and their demo.
  • 65.
    Also Download The Free Social Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet. Linking Enterprise Marketing To Internal Business Processes As mentioned and hinted at in previous chapters, online marketing via social media and other internet media is on a collision course with business intelligence. This in only natural because Social Media and Enterprise Marketing both need to accumulate and
  • 66.
    broadcast a largeamount of data. Since business intelligence is essentially the analysis of data in order to reveal key business insights, the two are naturally complimentary, and will over the course of time, become inextricably linked in a symbiotic two way flow of information analysis and communication. Already, larger companies with well established and more complex business intelligence systems are piping communications data and audience feedback into their systems. While this is still in its beginning stages, companies like SAP, Oracle and IBM are adding increasingly comprehensive social media metrics to their products. This is great for very large organizations with large budgets and if you have this kind of money, these solutions are well worth a look. On the other hand given that this area is so rapidly developing, it might be unwise to invest heavily in a solution tailored to what may turn out to be an erroneous vision of future internet development. The sector is still very young and it is important to examine the potential of distributed social interaction as a tool for business development first.
  • 67.
    Each Social MediaMarketing/Enterprise Marketing solution provider has a different approach to mapping the data value of online interaction to business processes, and to a different degree of depth. The differences across companies can be driven by the target cost of the product or the philosophy of the service provider with regards to how internet activity should be interpreted and acted upon. In addition, the needs of the market have a say in what kind of products are created. Since many of these products end users are still understanding the technology, evaluating their needs and deciding on budget, the sweet spot for service providers is still in flux. In addition, the newness and rapid growth of these technologies makes for a particularly dynamic market and product selection. Let's take a look at three of the bigger vendors and see how their approach to to mapping social media to business intelligence varies. SAP/Jive - Rather than handling social media on their own. Jive has produced a module for acquiring and feeding social media data into SAP business objects. One thing this business arrangement points out is that SAP seems to have come to the conclusion that the maintaining an effective internet presence is complex enough to warrant a partnership with another organization rather than the
  • 68.
    creation of anew segment of the organization. Using their plug-in architecture, customers can use their existing investment in business intelligence and enhance its capabilities by collecting and interpreting distributed communications. This is a sensible approach in that expertise is regulated to a separate organization with the agility and flexibility to keep up with the rapid changes in this arena. While this looks to be a highly effective solution, if does require SAP and the requisite costs and technical skills. Beyond that, such a solution may be overkill for smaller businesses. Also, the modular approach, where satellite companies provide solutions for partner companies only works well if one of the companies has a large ecosystem of customers. Otherwise, purchasing a core system and module can run you into big problems if the company responsible for the core architecture runs into business issues. IBM - IBM is working with SPSS, a company that they own, to focus on the analytics of internet interaction data. The support literature seems to focus on the analysis aspect, once interaction data has been collected. Tools and strategy are not stressed as part of the solution.
  • 69.
    Since data analysisand public relations are fully unique and disparate disciplines, it makes sense for companies providing the top end of the spectrum to not even attempt to know about something that requires a completely different set of resources. The assumption is that companies paying high fees for IT will also be paying for independently competent communication strategy solutions. The SAP jive approach hints at an integration between communication and analytics, but from a PR solution/Marketing perspective, its a far cry from a fully developed strategy. The gist of their emphasis on communication focus is to illustrate that their tools are useable and understandable by PR/Marketing professionals. SAS - Being more oriented toward statistical analysis than business processes, SAS is in a position to create their own social media analytics offering rather that to partner with a third party. The obvious advantage is that SAS knows its own products and as a customer, you are not reliant on the ability of a large and third party company being able to communicate with each other. Perhaps one significant disadvantage is that while SAS will be able to crunch numbers flawlessly, they will most likely be far less adept at handling the softer communication related skill set, or to be able to write code and architecture to that aspect. A third party module creator, on the other hand may be writing their software specifically from a communications facilitation perspective and is likely to have such experts on staff. Comparing
  • 70.
    the online resourcelibrary of both companies provides a clue. SAS has articles and white papers focused on the statistical analysis and information available from social data whereas Jive has quite a few articles and white papers on online community building strategies. Oracle - At present, the verdict on Oracles solutions tends to be that they are taking more of a snap on widget approach than anything comprehensive. Some industry commentators have even concluded that this reflects a more conservative wait and see approach that may result in them not only falling behind in this sector but also doing a bit of damage to themselves by not showing the foresight to get more fully engaged in mapping social media to business processes. Each of these solutions certainly has room for improvement and increased integration between social data and business strategy. There is a huge gap between marketing message creation and data analysis but it is a space begging to be filled. The soft arts of personal communication have always been the antithesis of logic models, but social media has appeared as a node between the two extremes, and companies on both sides of the gap are now working hard to fill that space. Part of this will consist of developing communications and messaging that is always in a state that can be tracked, parsed, stored and retrieved, while at the same time having
  • 71.
    the immediacy ofreal-time relevance and authenticity. There are two locations in the chain that represent significant gaps, and one area (social media) that is developing rapidly, with major players (Twitter, Facebook etc) who's evolving function sets will create interconnections between themselves. This hoped for ideal is a complete link between end user/customer and product creation/business processes on a one to one basis. This is a long way off of course, but ironically, a lot of this development will come from the recession driven need to cut costs. It can be argued that without the recession, all ends of this spectrum would be content to continue to do business using familiar, albeit financially wasteful ways. Worse still, they may have continued or reactivated the kind of dot com era ebullience and flash & feature rich bloat and led to many overvalued start ups and their well known fate. Today, in this climate, forward steps are rarely taken unless management is still well within reach of displayable ROI. This change will result in smarter spending and more sustainable, even and profitable growth in the long term.
  • 72.
    Also Download The FreeSocial Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
  • 73.
    7 Social MediaMetrics That Drive Industry Development Types of data from the social internet: Consumer trends - Mining review sites and comparing the number of comments shown for a given type of products across several product creators can reveal significant data on how frequently a product is purchased as compared to similar products from another company. There are already sites that aggregate and collect comments, like Disqus which also have an API that allows for parsing through comments to find keywords and specific types of comments.
  • 74.
    Consumer opinions -Similar to the above, but for sites that have a specific consumer orientation as well as specific methods of inputting and recording consumer data. Ratings - If only interested in numerical values, this information can be taken out and used as a very concise summary of sentiment. Desires for improvements - Review sites comments can often have in their comments expressed wished for improvements that can be made. This allows marketers to get a more realistic evaluation of what is wanted by the target group. Level of evangelism - Some people recommend a product, while others evangelize it. The converse is also true in cases where the product or service is considered to be very poor. Location and density of communities - Those who speak about a given product may be primarily located at a single web site or spread out across several. Knowing the distribution pattern of a product type's consumer will help to identify the areas where greater influence can be projected. Degree of involvement in the product - Some products may have several small reviews. Others may have a smaller number of very detailed information on the product. Both types of
  • 75.
    engagement reveal somethingkey about consumer behavior with regards to the product. Actionable steps on this information include, targeting areas with the greatest social influence, engaging specific users who provide valuable feedback, reaching out to bloggers of influence with promotions and incentives, altering products to suit stated needs and emulating the success factors of highly populated communities in order to create one around your product that you can manage yourself. With the social internet in its basic stages, many companies are still defining their Social Media interaction to be little more than creating a Facebook page on the product. As the data from online communities becomes more freely available, it can be parsed more easily. As with OpenID, there will emerge standardized formats for inputting interaction data with regard to opinions and ratings. As this happens, the coding of applications designed to aggregate and process this information will become easier to both write and modularize, again, all to the end of creating significant ROI over traditional yet costly and poorly targeted traditional market research.
  • 78.
    Risks and Opportunitiesin Social Media and Enterprise Marketing The simple graph above shows the established technologies and industries and where they are situated in relation to areas that need further development. Let's look at the developed areas first before examining the gaps and the types of services that are emerging to fill those needs. Business intelligence lies at one end of the communication between business processes and the customer. There are a wide variety of companies servicing this sector across a spectrum of budgets and levels of complexity. While companies like SAP tend to provide services to Larger organizations, they have also increasingly targeted SMEs now that a) their primary customer base is now satisfied and b) that operating costs of these products have fallen.
  • 79.
    Storage expenses havefallen, specific modules have been factored out and simplified and interfaces have become friendly enough not to require a dedicated internal support staff. This has put large service providers in a position to offer low-cost solutions that directly compete with relatively younger companies that target the lower end of the spectrum. While it is a fully realized market, smaller companies have evolved to offer more sophisticated solutions than SAP etc, in that they offer similar data analysis, but with an emphasis toward specific industries. On the opposite end of the spectrum are public relations and marketing. They rarely promote their services as having any kind of technological expertise because they focus on creating the messaging and communication strategies that develop, nurture and educate the attention of the target audience. As the graphic shows, the emergence of social media in the middle has not only created a new path way, it has made apparent the need for public relations to become more aware of how the optimized use of technology can improve and impact of their efforts by enabling monitoring, scaling and real time adjustments.
  • 81.
    Competing service providersin Business Intelligence now have an opportunity to process data that significantly benefits marketing and communications efforts. Social media/internet communications is particularly interesting in that it not only bridges the gap between data analysis and communications, it is the most dynamically changing of the three. This area of development is subject to the following forces: a) Technological development Social media is evolving technologically, new sites come online every day, occasionally taking targeted share from mega sites like Facebook and benefiting from the monetization opportunities of
  • 82.
    greater granularity. Asthis realization continues to dawn, the development of such sites may head in the direction of targeting interests and needs, rather than third party application bloat. Facebook, for example, has an untold number of applications but the monetization of them plays out like the lottery. There are perhaps tens of thousands of developers coding and designing around the clock in a effort to create and promote an application that will hit critical mass and monetize exponentially. While this leads to success stories that drive further hopeful development, there is simply too much brute chance and randomness for this to be a sustainable business model. There is a reason the phrase social media rock star came about. One's odds of striking it rich via a third party application are about the same as becoming the next one hit wonder. Nevertheless, given the eternal spring of hope, gold rush inspired development will continue to add to both existing platforms and to the overall infrastructure of the internet. b) Integration between services OpenID, and site specific features allow users of one site to share that information with the platform of another. This is tending toward each site effectively being a different view of the same distributed database of demographic data. So far, this sharing has proven to be mutually beneficial in that either site hasn't found a specific use for the others primary focus. This continued sharing of account information will make it easier to a single person to stay active on a variety of sites (via one another's UI), thus making single
  • 83.
    person approachable withmore frequency by a larger number of well targeted marketing efforts. c) Cultural differences - Being social, this media will by definition have differences depending on the culture of the people frequenting the site, and this is not just country specific. There are clear differences in behavior between any two given subcultures. Various hobbies, political affiliations and educational levels(to name a few) have unique communication protocols that can be facilitated by unique technologies. It is the job of the social media site to match a given set of technologies to a particular community in such a way that the interaction data is usable as a component of targeted marketing, sales or advertising. Political interests tend to emphasize
  • 84.
    the nationality ofa given platform, but the fact is that many people have equally compelling ties to company(source of income), family, subculture or even technology, (ex. PC/Mac). d) Social/political controls, including government backed incentives to create a controllable home grown replica. Social and political factors are different from cultural factors because they are much more fickle. While one country's leadership may decide to ban or un-ban Twitter or Facebook on a whim, social and conversational taboos are much more fixed. That having been said, the globalization of communication has led to converging social mores in some areas (ex. the acceptance of younger generations to having personal information viewable by strangers, electronic multi-tasking, ADD), even in spite of governmental attempts to nationalize online behavior. This is likely to play out as a immovable object vs. irresistible force passing through each other on a recurring basis, each side silently acknowledging the presence of the other while publicly heralding its inevitable demise. f) Physical infrastructure. There is a wide range of bandwidth available across the globe, from hardly text capable browsing to streaming 3D. The feasibility of a given platform or idea is obviously a function of what type of pipe is consistently available. Beyond this, many entrepreneurs have made adjustments in their business model that reflect speeds that are a percentage of what is commonly experienced or advertised today. While some places can expect infrastructure to improve at nearly the same rate as an idea is
  • 85.
    developed, most cannotand have already adjusted expectations to meet those realities. e) Monetization. One major factor controlling the competitive environment with regards to social media services is the nature of the community that a service attracts. Because it is difficult to acquire a large number of users, such a community is proving to become a significant competitive barrier. While at one time, the technology, coding and architecture was seen as a barrier, it no longer is. The infrastructure for an entire scalable working community is freely available via open source, this is not where the value lies. Today, it exists in the number of users, and even then this is proving difficult to prove as a monetizable asset. What is gradually becoming apparent is not the size of the crowd, but the size AND targeted participation of the crowd. Such groups are valuable as a means to acquire the consumer information and leads that contribute to extended business cycles. Myspace is a perfect example of a huge audience with no particular sense of direction. Attempts to herd that audience into a particular sales funnel frequently lead in user revolt and wide spread saturation bombing type advertising tend to lead to increasingly low ROI, even
  • 86.
    with demographically targetedadvertising. The last phenomenon comes from the fact that people coming to a social site are there to socialize, bringing work or business into such environments is just not as effective as it would otherwise seem. Greater monetization potential comes from a targeted community, interaction data that is parse able and interpretable and a two way channel between this information and business intelligence. g)Ratio of localized restrictions/cultural factors to the field of practice Finally, there along this chain, different physical locations will have different levels of explicit control over what transpires in this space. Governments that control their population, exert their pressures less on the Business Intelligence side of the chain and more on the public relations and media side. This means that Business Intelligence technologies can be more generically applied while public relations, social media etc will be more geo-location specific. These are the parts of the chain that are relatively well defined, but it is the gaps between that need to be filled in order to this channel to become fully efficient.
  • 88.
    Gap one: BusinessIntelligence to Internet presence This is the gap that exists between having a particular communications strategy and converting it to a format that is consumable by various social media platforms. A slick interface would allow the marketer to drag and drop parts of a communications strategy into platforms that meets specific needs, target the appropriate crowd and generate a stream of messaging that reaches a given audience on a given channel while at the same time retaining the essential point of the communications strategy, even if that message has to be distributed in small chunks over a period of time. A look at what the larger companies provide should make it clear that while there are some organizations that handle the gathering of data from one's online presence and provide some analytics, there is less in the way of returning those analytic results back into the internet environment. That is, there is no real automated online response as an adjustment to the insight that Business Intelligence provides. Given that the Business Intelligence
  • 89.
    component is alreadyprocessing information and reaching conclusions, why isn't there a means to create, modify and re- broadcast messages tuned along a given set of communication guidelines? The short answer is that this is complex and potentially risky. If the algorithm misreads the data and broadcasts something that bad data or computations created, a companies brand can take a major hit. That having been said various filters and controls can be put into place in order to limit exposure to programming or strategic flaws. Within this gap is an emerging spectrum of services. Accumulated data and their reports can be made available for real time adjustment and broadcast or they can come along with varying degrees of message consulting. That is, along with the results a company more experienced in creating marketing strategy can provide additional strategy adjustments. The degree of strategic input from a service provider can vary according to industry, cost and the need for the client for additional insight into how messaging works on the internet (Another new science). Even without communications consulting, the complexity of software modules and services that interpret business intelligence and convert/adjust strategy will vary significantly, from completely user controlled to fully automated, and with varying degrees of authenticity and responsiveness.
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    Gap Two: Internetpresence to Public relations The second gap consists of the area between public relations/advertising companies and the various broadcasting channels on the internet. At present is is not much sophistication in relation to taking a composed communications strategy and tailoring it to delivery over the internet to audiences that are of value to the company with goods and services for sale. This issue exists for a few reasons: a) Misunderstanding/lack of sophistication regarding nature of the opportunity that the Social Internet represents Adoption of social-media marketing is still quite reactive for many organizations. That is, they feel compelled to open a Twitter account and Facebook page because failure to do so is a PR liability. What needs to happen is for these companies to take a thorough and analytic look at the platforms and their capabilities in terms of how they benefit their own interests as opposed to merely emulating high profile case studies. b) Lack of IT literacy among advertisers and marketers - IT literacy in this regard does not refer to knowing that Facebook has a particular number of users and extrapolating from this the enormous potential number of customers. The kind of literacy referred to here
  • 91.
    means the understandingthat crafted commercial and PR messages can be broadcast to a wide audience, but that every platform has a unique way of consuming and distributing data. Some platforms deliver and consume video, others short messages or photos of any other kind of specific media. In addition, different sites and target audiences have their own unique and optimum times of day and events that are ideal for engaging a target group, and that those messaging to those times and events can be scripted. Having a more explicit knowledge of these facts will drive the development of messaging to occur on a more specific, time and group basis, with a deeper level of content without the oversimplification that mass broadcasting requires. c) Undeveloped platforms - The current platforms, are still defining, and sometimes throttling the kind of input and output that they allow from their platforms. A balance must always be struck between making information freely available in order to enhance the user experience and monetization opportunities resulting from leveraging demographic data, while at the same time limiting access in order to combat platform abuse by spammers and unethical internet marketers. This is an area that still needs to be hashed out, the basic problem being how to allow open access without exposing the system to abuse. d) inconsistency in platforms OpenID makes it possible to register for one site with the credentials of another. This is convenient to the end user who merely
  • 92.
    has to logon to the systems without registering yet again. This is less ideal from a business perspective because the profile information collected for one site is not available across platforms. This means that an end user will either have to enter the same data again, or have a minimal profile. Ideally, an end user would be able to share a basic profile across platforms and append site specific profile to it that is then viewable only on that platform. This way targeting a specific user at a specific site will expose product related demographic data, while at the same time keeping that information exclusive to that platform and to the user as per their agreement. This allows the platform to charge for use of its demographic user information base, provides privacy to the user and yields targeted audiences that can generate much better ROI for the advertiser. Today however, this is not the case. Instead, end users have to repeat their data entry, getting ever more irate at each repetitious form and many times foregoing membership in a higher quality community for an existing membership in one that provides less value for all parties (platform,end user and advertiser) involved. What emerges is a highly unoptimized platform with unsustainable monetization efforts, like the third party application lottery mentioned previously. e) Lack of targeted audiences The social network users exists on a small handful of platforms. There is still the (primal, perhaps) perception that a social
  • 93.
    network with morepeople is of greater value. A more objective assessment would make it obvious that it is better to hang out with people who share your interest. Sites like Facebook have groups and even third party applications that speak to these groups, but there is little development in the way of a platform who's technical functionality specifically targets a given audiences needs. What's worse is that while Facebook may be able to collect demographic data, they cannot ensure or even expect visitors at that particular time to be in the mind/viewer space for a particular commodity. Facebook might be able to provide targeting, but it cannot turn those end users into solution seekers. Solution seekers go to more information rich sites. Social networks are rich in functionality, not information. f) Privacy issues regarding a site's user base - Where there are some cultural factors that create variance with regard to privacy, most people expect their personal data to be private. While they are increasingly accepting of its visibility online, they still want some say as to how and when that data is made available. The complexity of these issues reveals the perceived importance of all that personal information. Facebooks attempt to own your personal interaction information as well as their failed attempt to set your default to 'Share with all' reveals how crucial to monetizing their site your identity is. Aside from collecting and exploiting personal data, Facebook
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    has had littlesuccess in monetizing their site to the degree that the size of its user base would imply. They will therefore either succeed in their aggressive tagging of the human population, or chase users away to social networks that create more value. This ongoing dialogue between platform and users will make it difficult for communications professionals to define a long term strategy because a given method may be pre-empted by the stoppage of access to a particular set of user data. Targeting more specialized user communities, however can be coupled with the expectation that members have explicitly opted in so that they can access the communities full functionality. These more targeted sites are therefore less subject to personal data controversy. f) Lack of marketing/advertising knowledge among IT professionals - IT professionals have primarily been focused on creating services on the spectrum between Business Intelligence and Social Media. On average, IT professionals don't delve too far into the realm of Marketing and Public Relations. The two seem to represent a classic dichotomy, in fact. Communication between these two areas of expertise may be very difficult to accomplish, there are hardly any shared concepts or vocabulary and this makes it difficult to define the area of conversation. It is a cross-disciplinary chasm that can take years to cross with any level of competence. Online and conference banter can be misleading as well, often creating the impression through buzzwords and hype that either party knows more than it really does.
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    g) Lack ofend user sophistication regarding dedicated communities. - Finally, end users are not fully aware of the range of services that could be available to them if they would join more specific online communities. The resistance to joining comes in some part from the belief that joining a smaller community will have less value and that they will be leaving friends behind. Moving from site to site means either sharing time across more services, or dropping out of one altogether. It's true that there is a need for larger, more generic social networks, but many end users have yet to realize that they also have a need for social networks that are specific to a given area of interest. h) Dedicated communities achieving little differentiation outside of being 'dedicated'. That is, such websites have the same photo,video upload,messaging and bulletin board functions as any other social network. The differentiation comes from the stated focus of the site onto a particular area of interest, but there are no services, content or functions that assist the end user in developing the skills
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    or abilities relatedto the stated content of the site. Without this depth of focus, communications specialists will have a hard time contributing valuable information to the site that can then work as a source of customers. Also, as this focus continues to lack, potential end users will have little incentive to join.
  • 97.
    Also Download The FreeSocial Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
  • 98.
    Predictions For 2011-2012 TheEconomy as a Driver: Regarding the economy, two possibilities: a) It gets better. People and companies who invest in Social Media/Enterprise marketing now, will be first out of the gate when things pick up. In addition to their existing traditional marketing assets, they will be able to grab more community and social space while others lag behind. That initial turf grab will translate into big growth as spending increases. Even with an improved economy, expect ROI to be a big focal point. This recession has touched a lot of people and caused many to make fundamental changes in their thinking. b) The economy doesn't get better but very gradually creates new jobs over the period of a decade to replace the ones that were lost in a year. In this case the focus on ROI will remain fixed and there will likely be a shakeout among the literally hundreds of service providers during which only those with services that offer the most immediate and actionable insight will survive.
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    How To Prepare: Look more to the BI side of things as a stable investment and research SMM solutions, keeping an eye on trends. If you plan to buy now, look to a solution with exportable data and easy integration to Business Intelligence. Video: Ease of upload, organization and promotion will continue to see improvements. This will lead to a lot more business video content on the web, with more and more companies creating their own channels. Most of it will be pretty awful, but the few shining spots will inspire others. Opportunities for monetization will increase due to better metrics and video production companies will see some growth in business from SMEs looking to expand their broadcasting capabilities. In addition, look for the video medium itself to become more interactive, with overlays, annotations and buttons/widgets that will not only enhance the experience, but collect this interaction data as valuable behavioral and marketing insight.
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    How To Prepare: Put a solid effort into creating and promoting a video that differentiates you. Monitor its success and determine if this medium is for you. Also consider that you may have to experiment with styles and point of focus in your content. Specialization: Many Businesses will come to the conclusion that a particular channel or format works best for what they do, and they will focus their attention and spending on that. How To Prepare: During the next two years, test, test, test, what works best for you may change over time because the infrastructure and acceptance of media, format and channels is also evolving.
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    Collecting data withinthe user experience – At present, users are generally asked to participate in polls surveys, etc. This is intrusive and breaks the flow of the surfing experience. The other option is for Enterprise Marketing applications to gather interaction data from various websites and applications. The problem here is that this data can contain a lot of noise and spam. Marketers will discover that the use of valuable widgets, applications and activities will provide much more reliable data. How To Prepare: Study videos on Youtube to see how annotations and buttons are being added to enhance the viewer experience. Providing different incentives or video paths on different buttons is great split testing. New applications - Twitter is certainly not going to be the end of Internet evolution. Their current struggle/quandary on how to monetize and stabilize the service is leaving the door open for other innovators. One obvious step forward is to create a micro format that is capable of rich media. The main barrier to any competitor is the community of influential people that the service has acquired over the years. A successful
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    competitor will haveto come up with something very compelling in order to win converts. Even then, the raw force of inertia is something for new applications to reckon with. How To Prepare: Look for Twitter or one of its competitors to add a richer kind of media experience. Also look at Google Wave, understand that it is in fact a richer Twitter and ask yourself why it hasn't taken off. Augmented Reality - Expect augmented reality to begin to take shape and emerge as more of a force in the technological conversation than as an actual implementation. That having been said, initial attempts and rounds of funding will begin and with this, new marketing models. How To Prepare: Because augmented reality is still a long way off, the best thing to do is keep a focus on how your current marketing activities can be ported to this new platform.
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    Story telling, plots,serial content to keep the user engaged and talking Marketers will go from celebrity endorsements or the patronizing use of 'real' people to actually becoming involved with the people who buy their products and helping them to get more out of what they've purchased. How To Prepare Start planning on how all that Social Media acquired data can help you create sincere, helpful questions which can add to the experience of ownership. Localization- Social Media has helped to create two unique phenomena. One, a more educated customer. This kind of customer is gradually learning that he or she does not have to settle for a lowest common denominator type of product which appeals to a statistical mean of the 'target customer'. They are gradually becoming more aware of small companies and services that can more exactly service their
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    needs. Two, the abilityfor small businesses to reach a wider niche audience. The companies mentioned above are now becoming more web literate in terms of how to market on the Internet and in fact may have the advantage of not having to entertain any legacy ideas of how marketing should be done. How To Prepare: This depends on how big your company is. Smaller companies need to take advantage of this situation as soon as possible. Larger organizations will have to develop the agility to meet a wider range of needs. The 'Death' Of Social Media The phrase Social Media will start to get phased out as a unique pillar of the Internet and be seen as one its many views or components. This will allow for a clearer understanding of the technology and how it relates the the entire system.
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    How To Prepare: Many times preparation is more about getting in a mindset and less about a particular action. Such is the case here, time to rethink the concept. The Singularity Look for Kurzweil's movie to have a significant effect on popular culture, possibly leading to a possibly long term aversion to probing marketing efforts. This will necessitate more invisible marketing and advertising campaigns. How To Prepare: Watch the movie and understand that there is no way that future shock will not play a role in consumer behavior. Perception of the Internet as something that can only be had a glimpse of
  • 106.
    The Internet startedoff as a bunch of connected pages and is now much more than that. It is so complex, in fact that it it becoming apparent we can only see a section of it at a given time. This awareness will lead to marketers developing campaigns targeted at sections, or views of the Internet, rather than at the whole thing. How To Prepare: Start defining the views that will have the most value to you and how you will approach and combine them into a Internet Marketing Mix. The 'Death' of interruptive marketing - Intrusive marketing that breaks into the flow of your Internet experience will continue to be annoying. It was annoying on television and interstatial ads are still annoying when they place themselves between you and the content you are looking for. With APIs and content that increasingly comes directly from the source, large media outlets will face an increasingly difficult time interjecting advertising into your day, particularly when smaller blogs and channels carry the same video via a Youtube embed.
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    How To Prepare: Start today on finding ways to incorporate marketing data collection into site content and interactivity. As social networking sites continue to provide topic specific widgets, this user profile information will be exposed. The auditing of traditional media by smaller channels. - Smaller blogs and outlets, will continue to call out the extraordinary claims of larger companies and news outlets. This will lead to a period of apparent honesty as they struggle to retain viewership while at the same time provide ROI to their sponsors. In terms of marketing, it will be increasingly difficult for a company to cover its tracks by a frontal PR campaign via a set of network television appearances. How To Prepare: As you develop your marketing strategies, keep in mind that your claims can and will be easily verified online. One-to-one Marketing - While still a ways off, the trend toward a unique marketing
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    campaign targeted ata single individual will continue to be the ultimate objective of the marketer. This ideal is what will drive development for the foreseeable future. That having been said, people will begin to rebel against the creepiness of having a corporation know what you are thinking. How To Prepare: Put some thought into exactly which information you need in order to do business. Don't just assume that more is better. Each additional piece of into exposes you to customer angst. Marketers become more autocratic moving from nurturing leads to telling them what to do, but with the proven ability to do so. All of this transparency via the internet is leading to companies that deliver less image and more information in their advertising. This leads to a drive in quality that can be proven and finally, to sales and marketing efforts that are increasingly feisty about defending and promoting their products and services. Rather than 'Please sir, give us a try,' the pitch will read more like, 'We know we rock, take it or leave it'.
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    How To Prepare: Tune your marketing efforts to speak more aggressively about your strengths and worry a bit less about slogans and keywords. Tell it like it is. More Purposeful use of social networks will lead to an effective decline in user stats, but a bigger return per site visitor, due to higher involvement. Facebook and Twitter are proud of their community size and purported valuation, but their revenues, are shockingly low compared to any other businesses with that number of customers or patrons. Beyond that, both services suffer from dormant accounts that haven't seen activity for so long that they effectively do not exist. At the same time, users who have become inactive on Facebook and Twitter are becoming more active on other sites that more specifically target a given interest. What those sites are getting are smaller, well targeted audiences that are also acclimated to the idea of third party apps, Flash applications, Ajax and other tools which both provide end user value and valuable marketing data. Marketers focusing solely on Facebook, Myspace due to their audience sizes will miss out on much bigger opportunities
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    elsewhere. How To Prepare: Start seeking out today those websites that produce content that is consistently valuable to the actual target for your product. Worry less about generic audience size. Online to Offline activities - Tweetups are a perfect example of this, sites that have developed a specific set of interests and enable quality exchange of information will eventually lead to the desire for such people to meet each other in groups. The internet will become less of a source of isolation and more of a facilitator of face to face interaction. The added value being that online, these personal and professional similarities are identified faster and events are much easier to promote and organize. This will become a fantastic opportunity for communications
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    professionals to puta human face on all of their data mining, thus removing some of the spookiness of knowing too much about a single person. How To Prepare: Be sure to recognize that this trend does not imply that you need to attend more conferences. It means that you need to empower your customers to meet locally and on their own.
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    Year of theShark - The recession, its stubbornness and the lessons learned from the last .com bust, will result in the word 'Money' replacing the word 'valuation' in and around the Bay Area. How To Prepare: This mindset will be prevalent among buyers as well. The 'Saves money' part of the message equation will start to have more gravity. Enterprise Social Tools While Oracle, IBM and Microsoft have been flirting with the idea thus far, in the next few years they will come right out and say it. 'We do Social Media'. Having adopted it, they will go full bore into the complete business process integration that companies of this size can afford to do. How To Prepare:
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    Observe the changesin offerings from these companies and those for similar feature sets among lower priced alternatives. Also look for price decreases from big vendors. The failure of mobile marketing to drive impulse purchases Geekdom moves on a different time-space continuum than does the rest of the world. This is their blessing, but in times of recession, it will also be a curse leading to a plethora of snazzy mobile applications loaded with all manner of reality augmentations, Geo- locations, text to speech and real time updates. They may fail to look down at their feet and see they are standing on top of a recession. This mobile infrastructure will continue to be developed, but will not be realized in a commercial sense for another 5-10 years. How To Prepare: Examine your mobile use. How many applications do you use? Marketers will respond to a more knowledgeable and frugal customer by giving them what they want, useful information with which to make a decision
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    People making qualityproducts will lead the way in this development by virtue of the fact that they have to most to gain by educating their customers. They will invite discussion, criticism, input and feature requests. They will also win business over companies that think that they can compete on price and image alone. How To Prepare: Increase you output of webinars, white papers and informational videos. This content will not only serve a need it will also create loyalty. Remember, white papers should speak about the industry, not explicitly about your product. Traditional marketing will continue to work. People will not become any less vain, foolish or greedy. People evolve far less rapidly than technology. That is, there will continue to be people who buy based on popularity, celebrity endorsement or base motivations such as greed, vanity or laziness. How To Prepare: Be clear with yourself about what it is that your company is selling, if it can be differentiated on functionality, quality or
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    cost savings, makeinformation a part of your mix. Otherwise, it's business as usual. Hype it up. The spontaneous emergence in the popularity of quality made goods that can relate a real identity. Products at the high end of the spectrum of quality frequently have an interesting story behind them. Now with a more research oriented consumer, these stories will now start to be told and gain audience share. For decades large sporting goods and electronics companies have been exhorting people to get out there, think different and be yourself. Starting in 2011, customers just might start taking their advice by shopping elsewhere. How To Prepare: For smaller companies, this is a great opportunity to create a mythos around your brand and find those customers who share your vision. A traditional media that grows less manipulative as a selling point.
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    Like it ornot, today's TV demagogues, rather than commanding obedience, as was the case between 2000-2008, are making a living off of a visceral disgust and fear of Governments, Mass Media and Large Corporations. This kind of angst will have to be addressed by companies, causing them to redefine themselves as being smaller and more locally oriented. How To Prepare: Larger companies may struggle to appear in tune with the customer. Such a sentiment is no longer a matter of making the claim, but of showing through your community that your claims are real. This is more easily managed by organizations with a tighter focus. A conscious recognition that small businesses are good for America? A willingness to pay more for sustainability and quality? A consumer who buys not only with his wallet, but also with his principles? Government ineptitude, blatant dishonesty and the hubris with which they serve only the lobbyists that get them elected may lead many Americans to conclude that the only change will come from their own actions. It is possible that politics will continue to make its way
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    into the marketplaceand reach the turning point that turns their shopping habits into a political force. How To Prepare: Again, smaller companies stand to gain from this, having started off with a mission that syncs tightly with their target and avoids overreach by extending services within their niche rather than constantly branching out into ever more alien territory.
  • 118.
    Also Download The FreeSocial Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.
  • 119.
    Conclusion: While there is a clear chain between Internal Processes/Business Intelligence and Strategic Communications, it has not been developed in the sense that it can be traversed by a single and completely unified system. This is most likely because as the social Internet continues to evolve, the needs of those using its communication capacity to do business will start to diverge. There are certain to be some common components, but a one size fits all solution similar to a generic PHP BBS system seems unlikely. In the same way that the customer is starting to expect products that meet his or her more specific needs, companies in need of social
  • 120.
    media analysis, optimizationand broadcasting solutions are also becoming aware of their own unique situations and dynamics in the markets they serve. This will lead to a wide variety of choices for those in need of such services, as well as the continued need to learn about social media marketing and integration as a discipline. Simply reading the label on the box and hoping for the best just won't do. Companies will not only have to hire such services, they will need a person skilled in this area on their own staff, someone who can grasp the path between Business Intelligence and Customer communications at a significant level of depth. This will mean a blend of competencies in IT, Marketing, Sales and Copy Writing. The continued growth of social business intelligence will not simply be a matter of lying down a single super highway connecting business internals to the front facing customer components, it will be more like a network of smaller roads and more precisely defined services. The continued drive for cost savings will boost further development in technologies and products that provide a more immediate ROI that is tangible and convertible to cash rather than opportunity or esoteric assets like brand image or consumer sentiment. If the urge of consumers matures from penny pinching to buying things of quality that last, the value of online communities will increase because they will be able to provide the transparent and
  • 121.
    verifiable, peer basedreview of goods and services that such consumers require. Marketers who can effectively fill this space will be positioned to develop a dialog and relationship of greater depth that leads to significant loyalty and even evangelism. As is the case with any strong relationship, errors and flaws are easier to work through when there is a history of stable, consistent and honest communication. The next few years are likely to see customers that are more shy about spending money, but also more mature in terms of a willingness to pay 30% for something that will last 5 times as long. Such a shift would benefit smaller companies that place quality before volume. If this happens, these smaller organizations will be ideally positioned to benefit from optimizations to their social internet presence. Finally, companies will have to be very creative and innovative in their efforts to tune social media tools to a more personalized communications strategy. They face a big challenge when making this happen, but the resulting innovations will provide significant boosts in the ownership experience as well as the quality of the products themselves. Please send comments and questions to:
  • 122.
    [email protected] Also Download The Free Social Media Strategy Guide: 100 Pages Of Essential Tips And Insights For Winning, Retaining and Converting New Customers Via the Social Internet.