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Archive for the 'Social Media marketing' Category

Conversation Gained-How to Determine Influence in B2B Social Media

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I don’t know a marketer out there that would say that influence in social media is not a commodity, if you know how to leverage it.

I do however, know a lot of marketers out there, who struggle with determining and identifying influence in social media and because of that, can not leverage it; and that’s NOT a commodity!

Discussions on influence in social have been around since social began. For me, those postulations and assumptions began back in 2006, so I’ve got 11 plus years of data and experience on what I think and what I think I think. Yea, we were forced to think about it just as much back then, as we’re doing today because influence mattered. Then and now, and thus, the more data a marketer has, the better the decision they can make. Right? Especially in a B2C setting.

Now B2B marketing? B2B influencers? Just as important. Just 5X to 10 X more challenging.

It’s amazing to me that in 2018, the questions on influence in social are still pondered as if it were the latest work-out fad, “Yea but will it give me abs?” The reality is that we shouldn’t be surprised that the questions still persist. Over the years, the definition of what true influence is, has kind of changed, at least in the context on how to measure it and what the criteria is to measure it. The bottom line is this:

Influence is a nebulous but nevertheless, powerful “thing” in B2B social media, and you my dear marketer, need to understand how to determine it, identify who is influential within your space, and then decide what you’re going to do about it.

Pro Tip #1: If your org is using social media of any type, you should have some type of social media influencer strategy. Even if it’s low impact. 

The whole reason is simple. The more you know about your space,  the easier it is to decide how to market it to it. And… Having some type of influencer strategy will allow you to know more about the space that you’re marketing in and to. It’s a reciprocal arrangement that mutually benefits both parties.

By “owning your space,” individually, organizationally and operationally, you become the true master of your business and social domain. Knowing your industry backwards and forwards becomes one of your biggest strengths; and yes, ideally industry expertise should extend from the c-suite all the way down to the lower junior or new hire levels.  For your newbies, it should be about continuous training and boots on the ground experience so that they can become SME’s ( subject matter experts).

Additionally and theoretically, by ‘owning it,’ you should now know by default the answers to the below questions that slightly resemble a SWOT analysis:

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  • What makes your company great?
  • What makes your company and its products or services better or different?
  • Who is your greatest threat? Which competitor do you pay attention to?
  • What does your company not do well?
  • How can we improve the #CX? The #UX?

Ironically, The challenge to this pragmatic, common sense thinking is that we’re all situated in a unique moment in time in which, whether you like it or not, there’s a high likelihood that your organization might be in the midst of  some type of digital transformation. Which means that your company might be culturally changing its  digital capabilities as it pertains to process, product, services, technologies and assets in all to improve operational efficiency, enhance customer value and the customer experience, manage risk, and uncover new opportunities to compete and make money. That’s a mouthful…

The translation? The key to being a good social media marketer is what? Exactly! It’s your ability to answer an expanded list of the above questions:

  • How well  do you know your space? Posed as a question and a statement
  • How well  do you know your company,  your service, your product and its people?
  • Do you have a social/digital mindset? You’ll probably need to be somewhat adept at that aspect or understanding. Do you know what that means?
  • How “good” are you at social media engagement? If you can’t hold a conversation, don’t understand context and are taking yourself too seriously-this might not be for you
  • Do you know what you’re doing? Like, really know what you’re doing? Managing your personal social accounts helps, but this is different.
  • Do you know what the strategy, tactics & goals are for your organization?
  • Can you execute a social media marketing strategy?
  • Do you know what success is? Can you define it?
  • Do you know who the players are? Do you know who isn’t?
  • Who moves the needle in your space? *Hint: These might be (are) your influencers
  • Can you measure your results?

Keep in mind that anyone can “do” social media marketing especially in a B2C setting but can you be the special person that can own it in a B2B setting?

Pro Tip #2: You don’t need any tools to do B2B social media marketing effectively.

So the grand point of all that I’ve been saying up to this point is this. If you know your space, you’re a social media marketing worker bee, you’re managing some initiatives and you’ve been doing it for over 9 months, then you should be able to tell me pretty right away…Who your industries’ influencers are. Could you do it?

You don’t need a tool, though it can and could make it easier in identifying some ‘people’ that may not be as active and yet are still effective and impactful within the space. Point being, if you’re actively engaging, managing and participating, and you are the owner of the branded social media accounts of your organization, then you know what’s up. You’ll be able to answer the above questions. You will be and are the master of your social domain and you’ll know who the influencers are.

Pro Tip #3: Influence needs to be qualitative not quantitative

Here’s how I measure influence in social media. particularly Twitter. I look for those that are authentic voices and experts within their space. Authentic Voice being the operative term. I look for practitioners. I look for ‘normal’ activity. Not ridiculous participation. I’m looking for success not excess.

If you’ve written a book on Big Data and analytics in social media for example, and that’s what your interests are, and that’s what you talk about on social platforms and you share things that pertain to that on social platforms, and your feed shows a balance of content mixed with conversations and your numbers, i.e., your number of followers,  the number of people you are following and your number of tweets, are balanced, I would consider you an influencer. I would follow you. A big key for me going forward, however, would be how well do you engage?

Should we consider the person that has tweeted over 600,000 times, has a 150,000 followers and is following 150,000, an influencer? Here’s more context. Is that same person an influencer if they occasionally write or tweet about the Internet of Things, AI, VR, AR, MR, machine learning, digital transformation, digital disruption, design thinking, 5G and cloud computing? Are they an expert in all of those things? Are they an expert in one thing? What if they don’t engage?

By the way, that’s the description of an actual person on Twitter that brands and sells themselves as an influencer. You can come to your own conclusions on that but here are some more qualifying questions that might help you decide and determine true social media influence

  • Do they enhance your experience?
  • Do they engage?
  • Do they share your content?
  • Do you get the sense that they don’t even pay attention to their feed?
  • Are they a SME? An expert?
  • Are they an industry resource?
  • Who do they work for?
  • Do they push out their own though leadership?
  • Could they solve your organization’s most difficult problems?

At the end of the day, you have to ask yourself, “What do I want out of my relationships with the influencers that I have targeted and or have followed in social media?” Once you’ve narrowed down who the influencers are, once you have thoroughly vetted them, then you can start thinking about your influencer strategy and tactics in order to get the most out of your B2B social media marketing initiatives and the influencers that are in your space.

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Conversation Lost-How to Align B2B Social Media Marketing Efforts with the Right Strategy

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B2B Social media success is like the American ninja warrior TV show. Everyone makes it to the starting line and yet very few make it to the finish line. In fact, those that can make it just halfway through the course can sometimes advance to the next round, based simply on how difficult the course can be. They’re deemed, somewhat victorious for just getting ‘that far.’ The same holds true for B2B marketers. B2B social media marketing can be brutal but it’s not a loser.

If you’ve never watched the show, it’s essentially an impossible obstacle course that takes a lot of balance, agility, strength and sound judgment to complete. Those challenges, metaphorically speaking, completely exist in B2B social media in 2017. For those that were around in the “early days” of social media will be the first to tell you that today’s social media is a far cry from what it was back then. Understatements be damned, one could say that social media has evolved and still, others could say it has regressed.

So what is a marketer to do? Where does social media fit in the marketing mix? Should your organization have a social media strategy? The quick answers are: There is a path, it does fit into the marketing mix and yes but let’s quickly review what’s been happening.

Over the past 7-8 years, the act of truly conversing has slowly dissipated on most social networks, Twitter in particular. On other networks, however, see Snap for example, the act of communicating has escalated and changed. In reality, communicating in social media hasn’t so much as gone away, as it has been replaced by different types of communicating dominated more by imagery and less by conversations.

For marketers though, the one-way, scream it and blast it style of pushing out messages disguised as conversations, still exists today. Partly because a) they are struggling with a medium that deemphasizes the written word and embraces the emoji b) a general lack of understanding of how to use that medium and c) it’s not the only channel.

It used to not be like this. Social Media was at one point this living, breathing, conversational thing. Somewhere along the way though, marketers started to misunderstand the platform and treat social media and its content like it was an arms race. It became a content battle wrapped around the quantity and output of messages and how quickly follower ratios could grow.

Beyond that, companies became enamored with vanity metrics. Those are your typical likes, mentions, retweets, etc. In fact, orgs of all sizes still like vanity metrics, we all do. Why? Because it’s a tangible hard number that we can wrap our arms around. Like a unique visitor in the world of website traffic. How many times have you heard or have asked the question, how many uniques do you have or what’s your traffic like? It’s how we quantify and quantified success. The parallel is exactly the same as asking. “How many followers do they have?”

Recently I told someone that the same metrics that revolve around direct mail and direct e-mail success now apply to organic social media. Meaning that getting a 1-2% organic engagement rate via social is about equal to what you might see or hope to see in direct mail open rates. It’s almost considered a ‘win’ but not quite. It’s average. You would think that social media and social networks might have an advantage but social media marketers are generally not working off of lists. So for them, it’s all about the content and the creating of content. Engagement? That’s a bonus. Measurement? Maybe.

The crazy thing about social media content today? It’s not bad. In fact, it’s more visual than ever before. There are some great content creation tools these days and the whole process of creating content for social is an industry in and of itself. It’s not boring. It’s dynamic, it’s compelling and dammit, it’s clickable. But the kicker is, you have to see it. You have to find it. So really it’s not how the content is being packaged and it’s not how it’s being created or delivered. It’s more about when do you push that content out? It’s where and it’s why. Oh yea, and to whom matters too. Social media in a B2B setting is effective when the right content finds the right people at the right moment.

Blame it on growth and blame it on the “noise” that growth created but that’s the ‘other’ new reality. Getting the B2B customers’ attention is more difficult now than it ever was before. Your new digital marketing challenge is to figure out where social fits in your marketing mix. Keep in mind that it has to be there, you just have to decide which platforms you’re going to use and what the distribution of dollars and resources will be.  Let me reiterate. Social Media efforts in a B2B setting have to be there for the simple reason that the customers are there.

Does engagement really matter?

What is engagement? Or rather what did it used to mean? Loosely defined in social media. it means that an action occurred, some type of reactive action occurred in the form of a like, a retweet, a mention, or a share. All of those actions dependent on, in theory, you, the user, doing something. Some, thing. Oddly enough, the actual true meaning of engagement could not be more diametrically opposed to what is happening here. You have either a formal agreement to get married or an arrangement to do something or go somewhere at a fixed time. Neither of those really pertain to social media, do they?

In social media, because an ‘action’ did occur, marketers measured it in a positive fashion. The problem occurs or occurred, when nothing happens or happened after that. Thus, marketers were and are ostensibly hanging their hats on hollow metrics.

In email marketing or direct mail marketing, we can measure click through rates, open rates, conversion rates, leads generated and of course sales. These are things that happened after the fact. We don’t call it engagement. These are definite and distinct actions. We have a crumb trail we can measure. We have user data before and after the mail is sent. We can create a snapshot of the user based on that data. We can tailor content and give them what they want. Social media marketing on the other hand, organically speaking has to be more strategic in order to be effective. The tools and data are there but marketers are lazy.

Let’s explain it a different way. What kind of crumb trail or user data do you get from an egg with one name, no bio, following 50, with 10 followers and 5 tweets? Not much. Marketers will recognize and acknowledge the retweet, the mention and the share of the egg-but what does that really mean? Nothing.

In part two, let’s look at what a marketer should do. Let’s talk about what the distribution of marketing and social media strategies, tactics and activities should be and let’s talk about bang for the buck. The operative word being, buck, as in dollars, which should be your clue.

The One Mistake Every Marketer Makes with Social Media Every Day

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I promise you that what I’m about to say is worth reading. Before I elaborate though, let me stress that I am qualified to post something so link-baitish as this. I’ve been knee deep in social for the better part of 8 years. So much so, that it seems that not a year goes by now where I either hear or read about how social media doesn’t work or is useless or is dying. Let me put that notion to bed quickly. It does work, it is not useless and it is not dying any time soon. If anything, social media might be the Benjamin Button of digital these days.

But I digress. You’re not here to read about my justifications of all things social, you’re here to learn one thing, so let’s do it.

If you work in social media for either a small org or the largest of the large, chances are, your work life revolves primarily around content. You have tools to discover it and you have platforms to schedule it within and you have ways you can automate it. It’s tailored to your company and it speaks to your audience. You may set it and forget it and then move on to the next task on your social media to-do list.

Additionally, part of your social media manager duties may include looking at the data, i.e. looking at the numbers. What was the reach? How many impressions? How many likes or shares? How many retweets and how many mentions? Yes they are soft metrics, but they still do matter. It’s how you measure the effectiveness of your content, right? They may even be part of your KPI’s. If you are seriously managing a social media campaign, then you may be looking at CTR’s to a specifically tailored page to grab data, to allow downloads, signups and registrations; stuff that actually moves the needle. Or as a lot of CMO’s are looking for these days: Business Outcomes.

The key being that all of your social media activity above, is just that,  it’s ACTIVITY.

But is that enough? Let me ask you a simple question. If I asked you to engage with the people, the followers, the brand champions of your product or your brand, could you do it? If I asked you to be the subject matter expert for your company, product and industry for the social media handles that you manage, could you do it? Can you represent your brand via social without sounding like a novice? Can you hold your own, representing the company, in a space that YOUR company is supposed to own? Do you see what I’m getting at?

The biggest mistake that I see a lot of brands and companies making is discounting the notion that social media activity is not a front-line activity for the brand. Forgetting that sometimes for potential customers, buyers, partners and vendors, their first encounter or engagement with a brand, might be… wait for it… via social.

If you manage a social media team or if you’re the director of marketing or even the CDO or CMO, let’s make sure that some of your most knowledgable people of the brand are doing social; instead of the person who has platform experience but no real world brand experience. Don’t make the mistake of undervaluing the power of educated engagement in social media. It’s tough to influence the influencers if you don’t know what you’re talking about. 🙂

Is Social Media Marketing Effective?

Thanks to the folks at MDG

Infographic: The ROI of Social Media

Social Media for Business in 2012 [Infographic]

Since it was a short week, we’re going to go with an infogrpahic from Patricia Redsicker.

2012 Social Media Report How Marketers Are Using Social Media for Business in 2012 [Infographic]

The Relationship Between the Brand and the Customer

I like Under Armor. I like Nike. I like Titleist.  Do I love them? No, it’s a platonic relationship.. Now where does that put me in the grand scheme of things when it comes to our “social relationship“? What do I want that relationship to look like? I know what they want it to be. They want me to friend, follow, like and fan all of their social sites. They want me to be available to them on all digital channels for all of their push style messaging.

But then what? What are we both supposed to do at this point. At best, the end game from the brand perspective should be transactional. Right?  In the interim, it should be me engaged with them building towards a transaction, and possibly sharing that engagement or brand experience with my friends.

At the least they, the brands, should be mining all of my demographic, social and personal data so that they can target market to me out the wahzoo. Again though, what do I get out of that besides the product that I may buy. If they were smart, they may have asked me what I want but the bottom line is that if I am friending, following, or liking a brand for a reason. I have a modus operandi. I have to. Right?

What is my strategy? Why do I or should I follow, friend, fan or like a brand? What do I want out of the relationship? What do I want from you Oh mighty brand that I adore?

Free Stuff, deals and coupons. That’s it. Let’s call a spade a spade and quit hiding behind fluffy connotations of the brand/consumer relationship. Give them deals, don’t screw them and if you do, make sure you make it right quickly. That’s the reality of the social consumer and the social brand.

The Consistency of Being Inconsistent in Digital

The only constant in life is change-François de la Rochefoucauld

Sometimes I think the toughest part of my job is trying to stay current.  And I’m supposed to be a thought leader? Ha! So if I’m thinking that, what does that mean for you or the CMO, the CTO or the Director of social, or digital marketing or marketing? It means we’re all in the same boat. It means we don’t have a lot of time to learn something, prove something, sell something, justify something and then run it up the food chain to the C-suite and back then back down. What’s more, let’s add the pressure of 3 concrete tenets in the digital space:

  1. Is what you’re doing making the company money?
  2. Is what you’re doing saving the company money?
  3. Is what you’re doing driving or building equity for the company?

If what you’re doing, does not concretely answer in the positive one of the above 3 questions, the clock is ticking. Digital is moving so fast, that it is really hard for a lot of digital leaders, or social media managers to show the results that are required from their C-suite counterparts.

Therefore, the one way to break through the light speed pace of digital is to know these five thnigs.

  1. Anticipate that things will change
  2. Be agile enough to change
  3. Be open to change
  4. Be inclusive
  5. You can’t manage digital if you don’t measure digital-but know what metrics matter.

Some things do remain constant besides change in digital though. It’s up to you to figure out what works for your organization and to build out from there, but always keeping an eye on what’s next. Be agile.


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The Deets

Marc Meyer is a Digital and Social Media Strategist at DRMG. This is my personal blog where I share observations, thoughts and opinions that are all my own.

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