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You are here: Home / Archives for All Posts / Marketing

Marketing

May 30, 2011 By Erik Deckers

Businesses Don’t Care About the Social Media Expert Debate

After reading a few of the different posts about social media experts, including ours, our partner and founder, Mike Seidle (@IndyMike), wrote this response:

First, I am not a social media expert. I do sit on the board for a company that has several people that I would classify as experts on the payroll. Anyone who is saying “there are no social media experts” falls into one of two groups:

  • People who can’t accept that others may have more experience/deeper understanding than they do. This argument boils down to “since I don’t understand it, or can’t keep up, you can’t.”
  • People who do not have the resume to actually be an expert that are trying to get a job or gig that is for an expert. These people will claim that no experts can exist because of massive recent change that obsoletes past experience.

In the end, anyone who claims that social media experts are like the tooth fairy, Santa Claus or the Easter bunny ends up looking pretty silly:

Executive: So, you are here for the social media director position. I see here you’ve been using social media for two years. What makes you an expert?

Social Media Not Expert: There are not experts in social media. We are all explorers at sail on an undefined sea filled with incredible wonders and indescribable dangers. You see, no one can possibly be an expert on social media since it changes so fast. What I learned last year has no application to the future, and the tools we use and strategies we build often are rendered obsolete in the blink of an eye.

Executive: So, if it’s not possible to be an expert, then why are companies shelling out bucks on social media people?

Social Media Not Expert: Well, social media can get incredible results. Most social media campaigns fail because they are not well planned and are mismanged. On top of that it’s impossible to measre the ROI on social media… so do not count on predictable ROI or even expect a return you can measure. But social media will greatly enhance your brand. That’s why most companies are doing social media.

Executive: So, most social media campaigns fail for lack of management or knowege. I can’t expect any ROI, and you are not an expert. Right?

Social Media Not Expert: Well, when you put it that way… it doesn’t sound right. I would say that I’m not an expert, but I have experience and can guide your company around making mistakes that will make your social media campign fail. While we can’t …

Executive (Redfaced, Cuts off Social Media Not Expert): The door. Use it. Use it now.

Filed Under: Marketing, Social Media, Social Media Experts, Social Media Marketing Tagged With: business, ROI, Social Media, social media experts, social media marketing

May 27, 2011 By Erik Deckers

Interview with Paul Schmidt of Blue C Advertising on Motor Sports PR

I’ve been spending time at the Indianapolis Motor Speedway as a racing blogger this year (my 3rd year). I had a chance to interview Paul Schmidt, the director of account services at Blue C Advertising, an advertising and PR firm in California.

He was there to support one of their clients who were sponsoring a few drivers in the 500. They had organized a contest for their client as a way to build traffic and name recognition for their client. At the time, the contest had yielded 2,500 new “likes” on their Facebook page, and nearly as many members in their text club.

Sports marketing is a different animal from regular marketing, in that you’re selling a product that — unless you’re working directly for a league or team — you have to center around a particular event or other organization. In Paul’s case, they had to promote a very specialized niche product to the audience most likely to appreciate what the company, racing fans.

While there are media outlets and TV shows about street racing, this is a way to use a marquis event like the Indy 500 to create a special event and celebratory feeling about the product. Combine that with a special promotion as a way to launch a new product, and you can see how interesting (and difficult) sports marketing/advertising can be.

Filed Under: Marketing, Public Relations, Social Media, Social Media Marketing Tagged With: Indianapolis 500

May 18, 2011 By Erik Deckers

Measure the Three Most Important Business Metrics With Social Media

Jason Falls is currently rocking the Exploring Social Media Business Summit in Toledo, Ohio, talking about measuring social media marketing, and making sure that businesses are making money from it. There are three Very Important Questions every business manager will ask of their social media manager, and you’d better be able to answer them.

  1. How much did we make?
  2. How much did we save?
  3. Are our customers happy?
Jason Falls rocks his talk about social media measurement at #ESMToledo

That’s right, social media hippies. Social media, just like every other part of marketing, is about making money. It’s not about conversations, friends, followers, Likes, fans, connections, comments, or Google ranking. It’s about sales and conversions, and customer service and satisfaction.

This is why social media monitoring and analytics is so crucial. You need to be able to show your boss that your social media campaign was not $20,000 thrown down the toilet, because you thought it would be cool to sell your bulldozers on Facebook.

Use Google Analytics to Measure How Much You Make

Google Analytics can tell you how people came to your website, what pages they visited, and whether they went to your sales page and placed an order. If 300 people visit your website because of a tweet, 30 people went to your sales information page, and 3 people placed an order, you have a close rate of 1%. If your social media campaign costs $1,000 per month, but those 3 sales are worth $4,500, your ROI is $3,500.

Use Your Accountant to Tell You How Much You Saved.

Social media is a great way to handle customer service complaints, reducing the amount of troubleshooting calls that take 20 minutes, reduce technician visits, or even the total number of calls coming in to your service center. Ask your accountant to tell you how much you saved from month-to-month. Calculate the average cost of troubleshooting calls, technician visits, and the monthly salary of a call center rep. Get with your Google Analytics person and social media monitoring person (#3) to see if you have seen an increase in social media activity. Chances are, the latter had an effect on the former, so count these savings as a win. If you spent $1,000, but saved $3,000 in a month, your ROI is $2,000.

Or, more importantly, if we combine the two, you spent $1,000, and made/saved $6,500, your ROI is $5,500.

Use Social Media Monitoring Services to Measure How Happy Your Customers Are

Radian6, Lithium Technologies, Sysomos, are some of the biggest social media monitoring services around (they’re all subscription-based services, so expect to pay a fee), and if you’re a larger brand, it’s worth doing. If you have a small company, set up a free listening post with tools like a Twitter search (like a TweetDeck column), SocialMention.com and/or Google Analytics to see what people are saying about you. Quickly respond to any complaints or queries, and make sure you’re keeping people happy (see #2 above).

Happy customers are returning customers. Measure the sales of returning customers, especially those who have complained in the past, but you managed to keep by solving their problems, and compare that to the amount you paid for the social media monitoring service, and you’ve got your ROI.

We’re hopefully moving beyond the “social media is all about the conversations” way of thinking, at least in the business world. While this was cool and froody back in 2008, businesses are starting to use this as a new marketing channel. For those companies who want to make money this way, it’s real simple: just measure how much you made, how much you saved, and whether your customers like you.

If you can’t answer these questions, quit playing Farmville and go find someone who can answer it for you.

Filed Under: Marketing, Social Media Tagged With: Jason Falls, social media analytics, social media marketing

April 20, 2011 By Erik Deckers

PR & Marketing Agencies, Know Your Stuff Before You Offer Social Media

I’m both heartened and worried by the number of PR and marketing agencies that are offering social media.

I’m heartened, because it means the business world is that much closer to accepting social media as a real form of communication. It means they know it’s going to be around for the long haul.

I’m worried, because a lot of these agencies don’t even understand it They just threw their new junior account exec at it because she has a Facebook page and they think that means she knows enough to run a large-scale campaign for them.

Make sure you know your stuff, AND that it works.

Social media is not an entry-level position, people. It’s not something you turn over to the brand new employee who has never even run a traditional campaign. And it’s definitely not something an agency should try to learn on a client’s dime.

NOTE: This is not to say that entry-level people shouldn’t do social or that PR or marketing agencies shouldn’t get into it at all They absolutely should. But, your experience needs to be more than resuscitating the nearly-dead Twitter account you started six months ago with the “Still trying to figure this twitter thing out. Does this make me a twit?” tweet.

I’ve seen a number of agencies now that are starting to offer social media as part of their service offerings, but I think they’re out of their element, and are only going to screw it up.. For one thing, their Twitter accounts are less than six months old. The agency accounts have fewer than 500 followers, and the employee accounts are all hovering around 100, and are filled with retweets from the agency account.

That is not social media experience. Not enough to start providing services for clients.

Strong social media experience means running campaigns where you can measure the ROI and show how much money you made. Strong social media experience means having more than 2,000 followers, because you know the ethical way to break past Twitter’s 2,000 following cap. Strong social media experience means you have a blog that’s more than a year old, and it’s filled with new social media knowledge and opinions, because you publish 2 – 5 times per week, not per quarter.

Look, I know how to write a press release, and I know how to pick up the phone and individually pitch journalists and bloggers. (Jason Falls would say that puts me ahead of the game for knowing that.) I even know how to do good TV and radio interviews. But that doesn’t make me a PR expert.

If I wanted to open a PR agency, I could probably do a passable job. I could fool a couple of small clients, and learn on their dime. But I wouldn’t be giving them the best I could be (or, if I was, the best I could be wouldn’t be good enough).

If you’re in PR or marketing, and you want to offer social media to your clients, you need to do a few things before you ever you’re ready to start:

  1. Put together a team of people who are responsible for social media, not just one person. You at least need someone who can write and someone who knows how to read analytics and research. You also need one person who will be responsible for it all. This is not a time for committees and democracy. You need a social media account executive to take charge.
  2. Understand that social media is as much about sales and customer service as it is about marketing and PR. If you’re going to manage social media for a client, you need someone who can sell and deal with problems.
  3. You need to invest heavily in the ongoing education of your social media team. Require them to read industry blogs, read or listen to social media books, attend social media networking meetings, and pay for any learning they can get their hands on. I met an advertising agency that pays its staff to read books and give book reports to the rest of the agency at a monthly meeting. They pay $25 per book read (they even have a copy of Branding Yourself (affiliate link) in their library).
  4. Send your social media team to at least one conference a year, if not two or three. Better yet, have them learn enough so they can present at those conferences. The great thing about being a presenter is you have to know more than your audience, which means they have to stay on the cutting edge.

If you’re going to do social media, do it right. You can’t sign up for a new Facebook account and pronounce yourself a social media consultant any more than you can record a video on your mobile phone and call yourself a video production house. Take the time to learn as much as you can before you offer it. Don’t feel like you have to rush. There are plenty of clients available, and they’ll still be there in a year or two when today’s agencies are being fired by their clients for bad social media execution.

My book, Branding Yourself: How to Use Social Media to Invent or Reinvent Yourself (affiliate link), is available on Amazon.com, as well as at Barnes & Noble and Borders bookstores. I wrote it with my good friend, Kyle Lacy.

Photo credit: Inky (Flickr)

Filed Under: Marketing, Public Relations, Social Media, Social Media Experts Tagged With: marketing, public relations, Social Media, social media experts

April 19, 2011 By Erik Deckers

Shut Up and Ship It!

My friend, Keith, is pulling his hair out.

Keith works at a university, in a particular department, that wants to try social media. So they’ve created a committee to look at what they should do on social media. They’ve been working for about six months, and they haven’t decided a single thing.

They’re still wrestling with all the ‘what if’ questions. What if someone says something bad about us? What if we say something wrong? What if, what if, what if?

Real artists ship.

Six months.

I loved Seth Godin’s statement in Linchpin (affiliate link), “Real Artists Ship.”

That means you don’t worry about perfect, you worry about done. You don’t worry about 100%, you ship at 80%, and then fix it.

I know people who are waiting on projects, and won’t launch them until everything is done just right. One friend waited nearly 9 months before he launched a blog, because everything had to be just right, and now he’s not doing very much with it.

Shipping doesn’t mean you can do something half-assed or incomplete, but it means you can be a little less than finished and get your product or service out in front of your customers. It means you can create your Twitter account and start tweeting before you fully understand how to use it.

Real artists ship because they understand that all the work they put into their latest offering is going to change as soon as they ship, because their customers are going to have something to say back. Changes are going to happen, things are going to be fixed or dropped, and the last 10% you spent 3 months working on was completely ignored by everyone.

For Keith and his committee, they just need ship. Do something, and see what happens. Start a Twitter account, and then decide what to do if someone says something bad about you. Start the account, and then fix the thing that goes wrong. Start it, measure it, and then fix it.

But for the love of God, ship it. Remember, real artists ship. The timid, the perfectionists, and the procrastinators are still fixing, tweaking, and perfecting. But shippers win, the timid, well, don’t.

My book, Branding Yourself: How to Use Social Media to Invent or Reinvent Yourself (affiliate link), is available on Amazon.com, as well as at Barnes & Noble and Borders bookstores. I wrote it with my good friend, Kyle Lacy.

Photo credit: jekemp (Flickr)

Filed Under: Marketing, Opinion, Social Media Tagged With: Social Media

April 15, 2011 By Erik Deckers

Can Your Company Survive Without a Corporate Blog?

Does your company need a corporate blog if it’s going to survive the next 10 years?

Maybe not.

Will your company thrive and grow if you don’t have one?

Maybe not.

A corporate blog is a great way for companies to share information with their customers and vendors. It’s a great way to promote their products, answer customer questions, make special announcements, and even sell to new customers.

A corporate blog will help your company appear at the top of the search engine rankings — there are roughly 88 billion Google searches per month. How many of those are you missing out on? — and will give you a place to send your customers when you interact with them through social media marketing. (Uh, you are using social media to talk to your customers, aren’t you?)

People are reading blogs whether they realize it or not. In fact, Technorati estimates that 76% of active Internet users are reading a blog of some sort or another. I think that number may even be higher, because so many websites, online newspapers, and landing pages are actually blog posts, and not regular html pages. People visit the blog thinking they’re finding a page or article, but in actuality are reading a regular old blog post.

The great thing about blogging is that anyone can do it. It doesn’t matter if you’re a Fortune 500 company with a marketing budget measured in the hundreds of thousands, or a one person operation whose total sales are measured in the tens of thousands. At its very core, its very essence, a corporate blog is just a company talking to its customers about the things that matter to the customers.

The blog is the great marketing equalizer. It levels the playing field between big and small companies. I’ve seen small companies with more passion than money turn out great blogs that are well-written and well-received. I’ve seen huge companies with lots of money and personnel that create crappy blogs that are poorly written piles of jargon-filled manure.

A corporate blog can cost thousands of dollars in design, content creation, and web hosting, or it can be one of the many free options hosted on someone else’s server. The expensive blogs don’t always do better, and the free blogs are not always lacking in quality.

What matters is the content and whether you’re creating enough of it.

So will your company survive without a corporate blog? Maybe it will.

But it will certainly be outclassed and outpaced by the companies that do have one.

My book, Branding Yourself: How to Use Social Media to Invent or Reinvent Yourself (affiliate link), is available on Amazon.com, as well as at Barnes & Noble and Borders bookstores. I wrote it with my good friend, Kyle Lacy.

Photo credit: Coda (Flickr)

Filed Under: Blog Writing, Blogging, Blogging Services, Marketing Tagged With: business blogging, marketing

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