social networking

Social media, essential to your reputation

Social networking has been hot for quite some time, and sites and companies have been doing it awhile without clearly understanding why, or how to determine what they’re getting out of it. Now the prevalent question is, “What is the ROI on social media, and how do you gauge it? One public radio station, however, offers another reason for social networking, in its article on the NPR site.

Seattle, Wash.’s KPLU says that ROI or not, social networking is crucial to your company’s reputation; that many companies are hiring social networkers who do nothing but interact with customers, and try to resolve complaints before they end up as a virally-reposted bad rep on Facebook, MySpace, Twitter and so forth.

As an example of what can happen, the article, “Social Media Gets Down to Business,”  talks about guitarist Dave Carol, a recent passenger on a United Airlines flight.

“Somebody noticed they were throwing guitars around and one of them turned out to be his. And he wrote a song about it and posted it on YouTube because United wasn’t getting back to him.” According to the NPR piece the YouTube video of Carol’s song has been watched more than eight million times. United Airlines suffered from a lot of bad press as a result.

While the article doesn’t totally resolve the issue for companies too small to hire a team of social networkers, it does offer some tips on what these staff members are doing. It also makes it clear the kind of damage control social media can mean for a business.

Social media needn’t all be a reactive tool, however. It can help build your company’s goodwill and good branding as well as prevent customer complaints from bad press. That doesn’t take a team of social networkers. If all you can do is set up alerts for what is being said online about your company, join LinkedIn, set up a Facebook fan page and ask your staff to tweet, you’re farther ahead than a lot of media groups.  This is especially noticeable with newspapers, many of whom, rather than being out there on major social networks responding to the “death of newspapers” or other bad press about their products, let these posts and tweets go unanswered and talk among themselves about what they should do.

I’ve been watching – and commented once – in a LinkedIn discussion in the Newspaper Professionals Group. The question posted was “How do we get out of the mess we’re in?” So far there have been 110 responses. I can’t tell you all that was said because I stopped reading quite some time ago. What’s interesting is that most in the discussion are not newspapers but industry vendors, consultants or educators. But there are some newspapers.  In the time spent writing and reading these very wordy posts these newspaper folks could have each posted several times on Facebook, tweeted about their latest promotion, or product, or just about hot local news content their publication carried. They could have responded to alerts about what was being said about them good or bad. Instead they choose to talk (some would say whine) among themselves. And I want back through the posts today to see if anywhere a newspaper had said, “That’s a great idea. I’m going to try that.” No, there was / is none of that.

If you’re a media group, after you read this article, don’t talk to another colleague about how poorly things are going in your business. Take the time instead to do one social media something. Talk to your online followers. If you have no followers, find some. Follow what others are saying about you online, respond, and build your new reputation.

 

 

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Social networking done right, in one hour a day

As Katie Lance, Inman News marketing manager points out, social networking is not free – it can be a serious drain on your time if not organized effectively. Social networking is important for any business, but there are only so many business hours in every day. Lance offers very specific guidance in how to socially network in one hour a day – a little more if you blog.

Here’s her formula.

 

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UPDATE: Social media can – and does – pay

There’s been much talk, especially among newspaper executives, about whether social media is worth the effort. Many decry its inefficiency as a revenue stream, primarily because users don’t visit a social site with an intent to buy.  In fact, one prominent newspaper, a social media pioneer, told AIM that its social sites might have to go because they don’t make money. (See an upcoming CIR for all the details.)

Yet, ComScore has just reported that 20 percent of all online advertising impressions come from social networks. The problem, it would seem, is not so much in the social network idea itself, but rather in the particular social media products, their owners, and their method of growing their social business.

Our first recommendation is that publishers and broadcasters take a long hard look at those who are succeeding with social media and online advertising on their social sites and emulate the best practices they find within. Top performers, in order of rank, are MySpace, Facebook, Tagged.com, MocoSpace.com, Hi5.com, Bebo, Classmates.com, BlackPlanet.com, GaiaOnline.com, and DeviantArt.com.

Another important piece of information is the companies who are advertising on social. Again, in order of rank, the top advertisers are AT&T, Experian Interactive, Ask Network, Sprint Nextel, Pangea Media, Microsoft, Apollo Group, Zynga.com, GameVance.com, and Verizon.

UPDATE: AIM’s Classified Intelligence Report has offered a number of tips and best practices on social media and its monetization. One of the most notable was the lengthy glimpse we gave you into the phenomen of “moms” sites, and this most engaged of online audiences. See CIR 9.22, November 20, 2008. In that same issue is the early notice of what is fast becoming a common model – mixing social with recruitment. Last year’s CIR discussion about Jobvite’s social recruitment platform has been followed by a look at several others doing the same. Creating a local social product in these two niches might well be your most important social move.

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37 really cool statistics about social media

Just in case you weren’t completely convinced of the value of social networking…

John Mancini, president of the non-profit Association for Information and Image Management (AIIM International) has posted a compelling list of statistics that demonstrates the value of social networking. It’s a reprint, with a video – but he’ll explain all that.

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B2B social marketing tips from Tippit and Netprospex

We sat in on a Webcast by Netprospex and Tippit, about using social media for B2B marketing. Perhaps the most prominent lesson we’ve learned from Webinars about social media – and this one was no different – is that the best way to virally market your product and ideas is to offer a free Webinar about virally marketing products and ideas.

Gary Halliwell, CEO and co-founder of sales and marketing firm Netprospex announced early on that we could talk to each other via a #netprospex message on Twitter throughout the presentation. By the end of the Webcast there were 140 tweets by attendees, undoubtedly picked up and recirculated among the various attendees’ followers. We tweeted as well. Nice viral marketing idea for presenters, but did it help anyone else?

While we tweet regularly, we wonder if the problem with Twitter is that there are far more people tweeting then there are folks reading and responding to those tweets. We posted two questions about the Webcast to other participants. Both were ignored. And, to be fair, we’re guilty of the very same thing. With thousands of followers, how much can you read of what each or any of them have to say? Twitter’s usefulness, we think, might well depend on applications that help organize its use, such as Tweetdeck and Tweetlater, and/or limiting your followers and those you follow to the number with whom you can comfortably converse.  

The main point driven home in the Webcast is that social networking is about people talking to people, rather than companies talking to companies.  Even if your effort is to market BtoB you still are talking as a person to a person – or should be.

One of the best ideas offered by speaker Scott Albro, who founded business media company Tippit, is that those who use social must transition themselves from the traditional mindset of Always Be Closing (ABC) to the social mindset of Always be Helping (ABH.) Albro’s How-to’s for social marketing put us in mind of Nike and it’s “Just do it” slogan. Among his five steps for implementing BtoB marketing through social networking, participation was number one. No more the “business plan must precede your business action” advice. A social media marketing campaign has to start with listening, and then taking part in conversations. “The plan will come later after you understand what it’s about,” said Albro.

“Your social media content must be remarkable” he said. That’s because social media -much more than traditional media -  suffers greatly from attention scarcity. If what you offer is not remarkable it will get little notice, and your BtoB marketing will fail.

Additional tips were to be authentic and be a regular. “if you’re a vendor, be transparent,” agreed both Halliwell and Albro.

Visit http://www.netprospex.com/resources for the complete Webcast.

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VLane ties car ads, social networking

New and notable

A small startup is mashing up automotive classified ad listings with social networking. VLane allows users to get feedback from their personal network of friends and family on cars they’ve added into their favorites list. Would be buyers can start a discussion on VLane and forward their questions automatically to their social networks (only Facebook is supported so far).

The site also has some nice touches, including an up-front calculator that displays vehicles matching what buyers say they can afford (either total price or as a monthly lease).

VLane launched in September.

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