Archive for Social Media
May 26 th
Social Media Share Buttons Cause Link Overload
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I recently read an article on Fortune magazine titled, Oversharing: The Business of Share Buttons. The article captured something I’d been thinking about for quite a while: with so many means to share content, is content sharing becoming diluted?
There are two major players in the “share button” space – AddThis and ShareThis. AddThis offers 271 sharing services to its publishers and ShareThis offers 50 sharing services. 271 services? What the heck are all those share buttons at the bottom of blog posts? I recognize maybe a dozen. What is Kaboodle anyway?
The Fortune author calls these sharing services the long tail of sharing. Not the most popular means of sharing but certainly being used by some folks. As you might expect, Facebook and Twitter make up the bulk of the sharing venues. Even so, the sharing service business continues to grow.
Recently, Google has jumped into the mix with Google Buzz. Michael Calore at Webmonkey says, “Buzz is more than a little bit like Twitter — and a whole lot like Facebook and FriendFeed. Anything you post is automatically sent out to the people on your Google Contacts list you interact with the most. All updates are real-time, and anything you share is open for comments. You can also post privately to a select group of friends.”
As a marketer, I’m concerned about “link overload” causing my prospects and customers to tune out. Yes, I want my content to be seen by as many relevant eyes as possible. But the keyword is “relevant.” Not everyone in the world will need to see or even want to see the content I create. I need to make sure the information I share is targeted to the right audience, by sharing content where they’re most likely to see it. Is that with the Mister Wong button? I doubt it.
May 5 th
My 3 Wishes from the Marketing Genie
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Remember watching cartoons about Aladdin and the magic lamp? I always hoped I’d find a magic lamp on a beach somewhere and I’d be granted three wishes. Didn’t you wish you could have three wishes too?
Well today I’m setting aside my marketing hat, my BI hat, and my corporate sustainability hat. I’m putting on my customer hat and asking for three wishes I know your marketing team can grant me.
Here are my three wishes:
1. I want a real relationship with you. I want to know that you are real people. I want to know that your company values align with mine. I want to know you are passionate about what you offer. I want to know you understand my needs and that you care about my success. I want to know how you give back to society. I will look for clues in your blog posts, Twitter tweets, forums, and other forms of social media.
2. I want you to help me be successful. I need to fully understand my challenge, including the business impacts. I need to learn better ways to do things, including best practices. I want to know how others have been able to overcome challenges and be successful. I need you to help educate me with credible and objective information. I need you to help me justify my business case. I will look for this in your white papers, case studies, data sheets, articles, webinars, e-books, and other educational content and tools.
3. I want to be able to find you when I need you. I want to easily find the information I need. I want my questions answered quickly. I want you to communicate in ways relevant to my needs. I want you to know who I am when I call. I will look for a well-designed, organized, and complete website, regular newsletters, targeted e-mails, trade show presence, search engine results, and most of all: contact information that leads me to a real person.
Rather than standing in the middle of the marketing department and looking out, I encourage you to walk over and stand in your customer’s office and look out. How do they see you and your company? Does your brand personality show through? Are you approachable? Do you offer a variety of content to help meet their educational needs?
If the magic genie could grant you three wishes (not necessarily marketing or business related), what would they be?
April 13 th
Will Social Media Replace Traditional Marketing?
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Social media is on the tip of most every B2B marketer’s tongue these days. They’re wondering which activities they should be participating in. “Should we be blogging and tweeting?” “Should we have a Facebook page?” “What about LinkedIn? Should we be there too?” These are typical of the types of questions that are heard whenever new techniques are introduced.
Laura Ramos of Forrester recently published the 2010 B2B Marketing Budgets and Mix Trends Research. The study looks both at marketing activities and how the marketing spend is split amongst those activities. Of course, it’s no surprise that Forrester finds social media to be the hot new marketing tool.
Looking at B2B social media efforts in 2009, the study shows:
- 68% have set up group pages on social networking sites
- 55% use Twitter for marketing
- 49% are active with corporate blogging (up from 32% in 2008)
While these statistics are interesting, even surprising in some cases, she cautions that they represent what marketers are doing—not necessarily what is working. In fact, she says that, on average, fewer than one in five say social media has been highly effective for branding and lead generation. What isn’t defined is the term “highly effective.” But I think the point made is that social media tactics still have a ways to go before they produce the returns of more traditional marketing tactics such as e-mail, search marketing, and inside sales.
Forrester’s 2010 study did show that e-mail, search marketing, and inside sales were the only tactics to show steady upward trends in both branding and lead generation. She states pretty strongly that marketers must get these right before adding social media to the mix.
As for marketing spend, most marketers cut spending across all activities, and their 2009 budgets looked the same as 2008. Not a huge surprise given the sting of the recession. She mentions that while trade show activities are down, these types of events still take up an average of 20% of the marketing spend. This is followed by traditional tactics like print ads, executive events, direct mail, and PR, which consumed between 10% and 13% of the budget.
Boiling this all down, she advises marketers to rethink their marketing mix and take bigger risks when allocating marketing budget for online efforts. She says that even though digital and social media efforts will not overtake traditional outbound communications anytime soon, marketers can no longer ignore the shift as customers move more into the social media space.
Personally, I expect to see even more of this marketing shift as 2010 sees a lift out of the recession and business returns to a (new) normal. Also contributing to this shift will be the increased ability to measure and see positive results. Something that has been slow to come.
What does your company think about social media marketing? Have they dipped a toe in the water? Have they seen positive results? Love to hear from you!
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