Archive for the ‘social media marketing’ Category

The search and social media paradox

Thursday, July 15th, 2010

Lee Odden, a recognized expert in the areas of search and social media, recently ran the 2010 Digital Marketing Poll on the TopRank Online Marketing Blog.  The poll, presumably directed at marketers, asks: “What 3 online marketing channels & tactics will you emphasize in 2011?”

TopRank used Twitter to promote the poll–and did so on multiple occasions.  Presumably, a lot of people received notice of the poll:  @TopRank has 6061 followers, the update was retweeted 262 times, “liked” by 45, and likely got additional visibility through other social sharing media*.

How Odden attracted responses

Odden followed all the recommended steps to motivate engagement:

  1. He posted the poll in a blog that attracts a highly targeted audience–online marketers interested in obtaining high search engine ranks.
  2. The post’s topic is highly relevant to the target audience, a group whose success depends upon selecting cost-effective marketing tactics that will elevate their messages above the noise.
  3. The post is even more valuable because it promises timely data that is not readily available.
  4. Odden heightened readers’ awareness of the challenges they face by asking questions such as “Are social media and content marketing the glue that brings multi-channel marketing together?”, “Is 2011 finally the year for mobile?”, and “Will companies focus on more holistic online marketing?”
  5. He also encouraged engagement by soliciting readers’ advice on whether he focused on the right areas.
  6. He offered a “Top 10″ list–something all the pundits recommend to engage interest–and delivered by providing a running tally of the poll’s findings.
  7. Following best practice, Odden promoted the poll a number of times–which is an important factor in increasing response rates since not everyone responds the first time they get a post.

Calculating success: the response rate and conversion rate

Odden’s stated goal was to get 200 respondents.  At first glance, this seems conservative; however, it is well in line with industry statistics.  Consider the following loose assumptions for demonstration purposes:

  • 6000 people received the initial tweet from TopRank when the blog was posted
  • Retweeters and Facebook followers average 10 followers (feel free to use your own numbers)
    • 2000 (262 x 10) received the post via retweet
    • 450 (45 x 10) received the post via Facebook
    • 500 saw the post on social bookmarking sites (again, my swag)
    • None of the indirect respondents forwarded the link
    • Twitter follower response rates (assumptions, once again)
      • 5% the first time TopRank tweeted the post
      • 2.5% the second time TopRank tweeted the post
      • 1.25% the third time TopRank tweeted the post
      • 1% response rate from indirect recipients

The logic underlying the assumptions

Most direct response campaigns, of which this is one, anticipate getting response rates of less than 1%, more if the list is as highly targeted as the @TopRank list is.  Direct marketing typically yield low response rates since most people only attend to messages that they see as relevant when they receive them.

Resending messages increases the number of responses because recipients’ views of what is relevant depend on what they are doing at the time.  Nevertheless, each subsequent communication gets a significantly smaller response rate than the one preceding it.

Response rates, however, are not conversion rates.  Here the response rate would be the number of people who clicked through to the poll.  The conversion rate is the number that chose to participate in the poll.

The result of using best practices

Using these assumptions, TopRank would receive 1230 responses (plugged the above assumptions into Excel) and the 232 people that completed the poll would represent a 20% conversion rate of those responses.  That said, the assumptions are just guesses, so feel free to recalculate using your own inputs.

So what’s my point?

What struck me about the response rate is that it is a clear demonstration of how difficult it is to convert others.  Odden is well-known, well-respected, offers high value, and in short, did everything right.  Yet, even he didn’t draw enough responses to perform the cross-tabulations it would require to answer questions about the applicability of his information.

What does this mean for the rest of us who are trying to sell a product or a service?  Here are my thoughts.  We need to:

  • Do everything that Lee Odden did
  • Find a way to reach many more prospects, all of whom are ideally as qualified as Odden’s are
  • We also need to articulate the value of our offer in a number of ways in an attempt to increase the percentage of our highly qualified prospects that will find the messages relevant
  • We need to communicate our messages more often than Odden did, which translates into running our campaigns over much longer periods.
  • Then, once we achieve the first conversion, we need to do it over again; since unlike Odden, we are selling a product or a service and require more interim conversions than Odden did.

The paradox of search and social media

In short, search and social media can help marketers identify more qualified prospects and accelerate the process, still it’s as challenging as ever to achieve our goal: getting the most qualified prospects to “raise their hands” when they’re ready to buy.  Everyone says that social media is the answer, but what if–no matter how trusted the source is–others still don’t have time to attend to the message?

What are your thoughts about this analysis?  Is it on target?  Does it address the right questions?  Reach the right conclusion?  More important, what are your perspectives about where marketers should spend their resources to elevate their messages and accelerate conversions?

* Numbers on the day I wrote this post.

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New social media site invites users to review public health care services

Tuesday, June 29th, 2010

As an adjunct professor at Simmons College’s Department of Health Care Administration, I received a press release (the first paragraph of which appears below) with a request to spread the word.  I should also disclose that I know a couple of the donors involved through a separate relationship, and have known about this project since its inception.

Press release lead paragraph

“Simmons College’s Department of Health Care Administration launched a new website that will gauge the experiences of Boston-area healthcare users who have their services paid for by public programs. USisUS.net, which stands for the United States is Us, aims to reach out to minority populations and healthcare users who receive aid through programs such as Medicaid, VA, Commonwealth Care and others.  Users of the site can review these comments and ratings about particular health care providers.”

The many faces of Barbara Bix, Managing Principal, BB Marketing Plus

This post discusses my observations from several perspectives including that of a health care marketing consultant, a social media marketing consultant, a user of services, a citizen, and a taxpayer.  So, please join me now as I switch hats and weigh in from each of these roles.

Health care marketing consultant

The topic was also of particular interest to me as a health care marketing consultant.  There’s a lot of debate about what constitutes health care quality.  It’s hard to measure since we’re not widgets.  Each of us comes to our health through a unique combination of genes and behavior–and at different stages of wellness/illness–before health care providers even begin administering care.  For another, most of us don’t have the medical knowledge to assess the relative quality of our treatment regimes or outcomes.

Nevertheless, user perspectives are important; and health care providers have begun to seek them out over the last decade or so.  For one, we’re the only ones who know how we feel.  For another, we are qualified to rate some of the more visible aspects of our care–as well as our overall experience during the care process.

User of services

I see this site as a “Yelp” for government services.  The interesting twist is that citizen reviewers are not only users of the services and prospective users of the services, but also citizens who pay for the services–whether they ultimately use them or not.

As soon as I heard about this concept, my first reaction was, “We need this for our town”.  As a user, I think it’s a great way to hear from trusted citizens about new services of which I might otherwise have not been aware–as well as to get recommendations for which services to use when I have a choice.

Taxpayer

As a taxpayer, I’d find it useful to have information that helps me evaluate our programs and help me determine for which enhancements to advocate.  Today, I read about controversial decisions in the local newspaper and wish I could get a better understanding of the pros and cons from the people these decisions will most affect.  I also love the idea that administrators of those programs have a way to get specific actionable feedback on services without extra effort.

Social media marketing consultant

One of the best ways to develop superior offerings is to collaborate with clients, and prospective clients, to design and then improve the services you deliver.  A frequent “unintended consequence” is that users then feel more engaged and more involved, just because someone sought their feedback.  This engagement often leads to even greater satisfaction.

The magic of social media is that you can so easily, and inexpensively, reach so many of the people you aim to serve, get instant feedback, and have a forum where they can work as a group to refine that feedback.  This aspect is often referred to as the “wisdom of the crowd”.

Bias

Yes, there will be bias.  You’re most likely only to hear from those who are “high responders”, extremely satisfied, or extremely dissatisfied.  The hope is that, as with many other social media, “the crowd” keeps the conversation centered and useful.  I know that when I’m the user, I look to the crowd for overall sentiment, and to individual reviewers’ comments only for the details that they will bring to my attention.

Your perspectives, please

What’s your take?  Have you used any programs that evaluate public services?  If so, what value have you derived?  What reservations do you have?  What feedback do you have for USisus.net as they start to spread the word?

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Linked In: 5 tips for generating sales

Monday, June 14th, 2010

In today’s guest post, fellow Wharton Alum, Craig James, offers tips for leveraging Linked In to generate sales.  Craig is the founder of Sales Solutions, a sales productivity improvement business located in suburban Boston.  Contact him directly toll-free at 877-862-8631, or by e-mail at craig@sales-solutions.biz

Sales people and others responsible generating business for their organizations will find LinkedIn a valuable tool.  Unlike sites such as Facebook and MySpace, LinkedIn tends to attract those looking to develop business relationships, as opposed to friendships.

LinkedInBut while many of us are familiar with the basic features of LinkedIn, we don’t always know how to best leverage them to drive sales. Here are five tips you can use to create a Linked In profile that will motivate prospects to come to you–without your having to “sell” them.

1. Position yourself as a thought leader

People buy from those they know and trust.  Especially when it comes to important purchases, people also want to buy from experts that are ahead of the curve.  LinkedIn offers multiple tools, many of which are discussed below, that you can use to demonstrate thought leadership and reinforce their confidence in you as a trusted advisor.

2. Get and give recommendations

What impression do you suppose a prospect will have after reading glowing endorsements about you from former coworkers, bosses, and, especially, clients?  While they may suspect those clients likely did not volunteer to write those recommendations, they also know that clients would not agree to do so if they did not feel comfortable legitimately endorsing you.

Get started by writing one for someone else.  Doing so accomplishes three things: one, it clearly flatters the person you write it for; two, it helps him or her look better to people viewing his or her profile; and three, it creates a desire to reciprocate.

2. Use polls to engage interest

People like giving their opinion about issues that are relevant or important to them–and reading what others have to say about topics that matter to them. Every so often (once a quarter or so) use LinkedIn’s polling feature to take a poll.

Moreover, your name will appear on their status updates, reminding your connections you’re out there, and in so doing, keeping you top of mind.  When combined with your other LinkedIn activities, it will increase the likelihood, they’ll remember you when they’re ready to buy.

3. Find and share news that will help others

Each group has a news section that contains news articles other members post, and increasingly, blog entries.  You never know what interesting tidbit you might come across that the difficult-to-reach prospect would appreciate receiving (and reward you for sending with a return call).

4. Demonstrate your value

Adding your experienced-based comments to existing discussions in the groups to which your clients and prospects belong is an unobtrusive, but powerful, way to demonstrate your thought leadership and your willingness and ability to provide value.

For example, I contributed to a discussion in one of the Mergers and Acquisitions groups. The very next day, I received an email from a boutique M&A firm on Long Island saying they “would like to learn more about my firm and services as they may be beneficial to his prospects and client base.”

5. Post documents, presentations, share what you’re reading

While you may not sell people on LinkedIn, your marketing materials may.  Use LinkedIn Applications such as SlideShare Presentations, Google Presentations, Box.net Files, and Reading List to passively communicate about your company and yourself.

I’ve used this to post my standard sales presentation, which promotes what I offer, and a couple of books I’ve read and recommend.  This helps others get to know me better as a person, effectively building my personal brand.  Others use it to establish thought leadership by posting white papers their firms have authored.

Bonus: Search for status updates for trigger events

In addition to these ideas, there are a few I’d like to share courtesy of a fellow business owner.  David Leaver of Opus Partners recommends that his clients identify some trigger events—events that, when they occur, will create a need for a product one sells—among the weekly updates mentioned above.  For Leaver, who provides sales training services, one trigger is when a VP of Sales changes jobs; often he or she will want to bring in a sales or marketing consultant to evaluate the staff being inherited.

Premium LinkedIn Extra: Target your most promising prospects

Premium LinkedIn users have a host of additional benefits that are beyond the scope of this article.  One that I’ve found extremely valuable is the ability to search for contacts using premium-only demographic criteria, such as company size, function, and seniority level.  This provides me with a reduced, and more targeted, list of prospects.  I can then zero in on the exact person or persons I want to reach, in the size of organization I want.  This enables me to send a custom, targeted message to those prospects via InMail, or, if I don’t have a premium account, via a connection.

Share your LinkedIn sales and marketing tips

As we have seen, there are a plethora of easy-to-use tools available to you on LinkedIn that can help you improve your sales results.  Start by picking one or two, and use them for about a week, until they become second nature.  (Nigel Edelshain of Sales 2.0 disciplines himself to devote 15 to 30 minutes each and every day.)  Then, gradually start using the rest of the features presented here, until you find yourself becoming a bona fide LinkedIn maestro.

Do you have other LinkedIn tips for generating sales?  If so, please share them here.

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Will marketing consultants and agencies switch places with in-house staff in a digital world?

Tuesday, May 25th, 2010

As a marketing consultant, I attend a lot of marketing seminars and marketing conferences to stay current with my craft.  Today, the buzz there is all about online marketing.

digital marketingTypical topics include content strategy, search engine optimization (SEO), social media, inbound marketing, marketing automation, and of course email marketing.  Spending in all of these areas is up–often at the expense of conventional advertising and PR.

There are several trends driving this transition.  One is that prospects are moving online so the marketers that wish to reach them must also move online.  Another is that advances in marketing technology have made it relatively easy for non-professionals to produce content that attracts and engages their audiences.

A third is that many online marketing programs are direct marketing initiatives and therefore highly measurable–even more so now that respondents leave digital footprints in their wake.  A fourth is that in a down economy, companies are more concerned about short term revenue.  This causes them to focus more on demand generation and less on longer term strategies such as branding.

If content is king, will marketing organizations change to serve the new master?

In attending these conferences, one of the things that has struck me is that most of the marketing strategies under discussion require generating a lot of content–a task which many companies have historically outsourced to advertising and PR agencies or independent copywriters.  So, this has made me wonder whether organizations, particularly small organizations, are restructuring to make the most of their marketing resources.

That is, now that most of the marketing resources are going to content production and analytics–are companies retaining these functions in house?  And, if so, are these businesses outsourcing marketing strategy work–since it tends to be front-loaded and then intermittent–and requires far fewer resources on an ongoing basis in today’s digital world?

What are you seeing at your company and those companies that you serve?

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B2B marketing insights and tips compliments of MarketingProfs

Thursday, May 6th, 2010

So much to learn, so little time–which is why I was thrilled to have the opportunity to meet and learn from hundreds of other marketing professionals this week at Marketing Profs B2B forum.  What’s more we had a lot of fun and left with a lot of ideas that many of us are already putting into action.

B2B digital marketing best practices

Over two jam-packed days, we heard about best practices in areas like search engine optimization (SEO), content strategy, lead generation and lead nurturing, and social media.  We learned about what’s worked, what hasn’t, and why from Marketing VPs that have been there, tried that.

Now, a day later, I’m summing up my notes and thought I’d share some of what I learned with those of you who couldn’t get away.  These insights just a sampling of all I took away from this great conference.

Three insights + three tips

For each session I attended you’ll find three things I found interesting and three tips I found useful.  The biggest “aha” was that sometimes the things that were the most interesting were also the things that should have been obvious…

“Higher Conversions, Better ROI: Advanced Landing Pages that Improve Campaign ROI” with Anna Talerico, Scott Brandt, and Michael Burgis.

Interesting:

  • The ability to customize landing pages to specific targets can dramatically boost conversions.
  • Having an automated tool makes customization much easier (and appears to be a “must” if you want to use your website for lead gen)
  • Match expectations:  ensure that landing page uses images and phrases consistent with the invitation to click through

Tips:

  • Want visitors to click through?  Offer reports on market trends or price quotes
  • Want to ensure prompt follow up?  Pull leads that Sales hasn’t called (within a pre-specified time
  • Add social icons to your “thank you” page to encourage further interaction

“Content SEO- Best Practices and What to Avoid” with Lee Odden and Jiyan Wei

Note: Due to a previous commitment, I only caught the last half hour of this session.

Interesting:

  • Google’s webmaster tools/blog is a treasure trove of useful information
  • There’s no tool yet that enables you to look up social keyword usage/trends
  • Google is starting to penalize sites with long load times

Tips:

  • Want to increase the chances that Google will index all your pages?  Submit your HTML and XML site maps to Google directly.
  • Do you syndicate your content?  Let Google know which page is original to avoid penalties
  • Need a proxy for a social keyword tool? Look at tag clouds on relevant blogs and social bookmarking sites.

“Drowning in Data, Starved for Knowledge?” with Devyani Sadh, PhD

Note: The recommendations offered in this session appear to require consultants, several tightly integrated software packages and teams of data analysts to implement and therefore may be beyond the reach of most small companies.

Interesting:

  • Marketing 101 rules still apply, but analytics are key to concentrating your firepower where it will have the greatest impact.
  • Larger companies that fail to invest in these resources may find themselves at a competitive disadvantage
  • Where are the dashboards that will make the data presented in this session useful to the less technical users of the data?

Tips:

  • Strategy before tactics:  Identify your target market and focus on them because there aren’t enough resources to do everything.  Then don’t forget retention which is far more profitable than acquisition.
  • Critical success factors:  objectives and a plan, database strategy, metrics strategy, data mining strategy, integration strategy (of various online systems and of online and other data)
  • Data sources in order of priority: customer contact data, preferred means and frequency of contact, purchase history, web transaction history, third-party demographic data (e.g. D&B), Campaign responses, survey data

“Blogging for Business Roundtable” with Galen DeYoung

Since this was a Q and A session, I’ve just included tips:

Tips:

  • Use WordPress as your blogging platform because it has the most plugins
  • Recommended WordPress plug ins:  All in One SEO Pack, Sexy bookmarks, Robots Meta
  • Use Google URL Builder to help you track analytics that are otherwise lost when you use URL shortening tools

“Unleash the Power of Content to Engage Your Prospects” with Stephanie Tilton, Michele Linn, Amy Black, Pam O’Neal

Interesting:

  • People forget to be interested in you, you need to remind them (sad, but true)
  • Your content strategy needs to outline goals at every stage of the buying process and content that will help you achieve those goals.
  • Content attracts more qualified leads, because searchers are often in “shopping” mode

Tips:

  • Add “best practices” to your case studies
  • Teach your sales people how to write LinkedIn profiles that sell and use SlideShare to embed your sales presentations in their profiles
  • Update the offers on your blog post

“How B2B Marketers are Using Mobile Marketing to Increase Revenue” with  Chris Koch, Bob Gold, Jeannine Rossignol, and Dawn Cochran

Interesting:

  • Shoots off plants have a better chance of surviving than their seeds do.  The success of mobile apps depends on branding done in other spheres.  Self-contained apps are not likely to succeed.
  • Your app needs to work on all phones since even the company with the largest share only has a small percentage of the market.
  • Tools now exist to port applications built on one platform to another, although additional development work is still needed.

Tips:

  • Opt-in is mandatory.  People are very protective of what they allow on their phones.
  • Provide Sales with mobile versions of all sales aids for easy access.  Make everything printable to a queue so that they can easily obtain hard copies when needed.
  • Want to build a community?  Use mobile because it’s available 24 x 7.

“Six Pixels of Separation – How B2B Connects In a Connected World” with Mitch Joel

Interesting:

  • Google bought YouTube for its community
  • 20% of searches have never been done before (opportunity for you to “claim” those terms!)
  • The average Canadian spends 16 hours/month on YouTube and the average segment is just 4 minutes (American stats are comparable or higher)

Tips:

  • Become active n communities where your target audience lives
  • Publish or Perish
  • Invest heavily in Search

“Websites that Convert More Customers” with David Reske and Jay Kramer

Interesting:

  • Many of the pages the speakers presented were dense with text, consistent with their recommendation to ensure you have a lot of content
  • Usability /Navigability is key
  • Sepaton, a provider of high-speed data backup solutions,  reminds visitors of its value proposition with flash images of trains, runners, and speedboats.

Tips:

  • Ensure that it’s obvious what problem you solve on every page you publish
  • Consider integrating what others are saying about you in social media on your site so visitors can validate your claims
  • Include a call for action on every page

Now, here’s the irony.  You take two days out of your busy schedule to attend a conference–and then come back with many more things to add to the “to do” list.

Of course, the hope is that they’ll pay for themselves over time–which I believe they will.  Thanks  to all the folks at Marketing Profs for a great conference!  Looking forward to next year.

Added 5/10/10

One reader asked for more clarification/examples.  Please see below.  If you require additional clarification, please let me know.

1. An automated tool for landing pages is helpful because many companies end up adding or customizing multiple landing pages each day.

2. The speaker that mentioned that  “shoots off trees do better than seeds” referenced Dragon as an example of an application that’s already branded and would benefit from a mobile extension.

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Social media for B2B Marketers via Paul Gillin

Monday, May 3rd, 2010

A lot of what we read and hear about social media focuses on how businesses can use it to market to consumers (B2C).  Yet, as a business-to-business marketing consultant, I’m far more interested in its B2B applications.

This is perhaps the main reason I was looking forward to Paul Gillin’s breakfast seminar at the Massachusetts Technology Leadership Council last week. The other reason is that Paul has an uncanny ability to connect the dots in ways that add new meaning to any topic that he addresses.

B2B Marketing differs from B2C marketing

Paul distinguished between B2B marketing and B2C marketing by noting that because B2B purchases are often bigger, more complex, and ultimately “bet the company” decisions.  Therefore, the focus is on value, and then service and support.

Most buyers have a rigorous process for ascertaining value because they know that they will have to live with their decisions for a long time.   This process includes seeking expert advice.

Winning depends on influencing the experts

As validated by a 2008 Marketing Research study that Paul cites, the experts they rely on include employees who have experience with the product or vendor, analysts, and peers in that order.  Although the decision makers don’t ignore vendors’ marketing materials, personal recommendations carry much greater authority.

Winning therefore depends on building relationships with the experts–and those that influence them.  Today, much of that influence is happening through social media, so that’s where vendors need to be.

Strategies for determining who is influential and what interests them

Paul outlined a number of strategies for figuring out who wields the most social influence and what will engage them.  He recommended turning to peer validation sites such as Technorati to identify candidates and then looking to sources such as presence in the mainstream media, traffic rank, number of inbound links, Hubspot’s website and Twitter graders, and the number and quality of Twitter followers and LinkedIn connections to assess each individual’s level of influence. To learn what interests them most, Paul suggested checking their blog rolls and tag clouds.

It’s about engagement, not merely circulation

As Paul points out, it’s all about engagement, not merely circulation.  Once you’ve identified whom you need to reach you’ll want to treat them like reporters and reach out to them with news that they’ll find interesting.

Nevertheless, it’s important to remember that they’re not the reporters of old–and therefore will have different questions and concerns.  Paul provided a number of examples of engineers that blogged on their technical specialties, CEOs that blog about the issues that face their organization, and others who are passionate about the niches they cover.

Case studies, tips, and more!

Then there were case studies to illustrate each point.  Paul showed examples of how companies used social media to attract attention, save money, get rid of excess inventory, and generate revenues.  He also discussed which social media tactics work best at each stage of the sales cycle.  It will come as no surprise to readers of his earlier book The New Influencers that blogging remains a favorite.

Next were tips for would-be publishers.  Chief among them was the importance of having clear business goals and a strategy for achieving them–at every stage of the sales cycle.  Paul noted that he feels that small business can really excel at social media because they know their niche, are nimble, and are less likely to get caught up in politics.

Another important piece of advice was to “fish where the fish are”.  With Twitter and posts on group discussions linking to blogs–and Facebook’s new “Like” button–the walls around each platform are continuing to come down.

Find out where your audiences congregate and go there to communicate.  Answer questions on LinkedIn.  Post presentations on SlideShare.  Then, you can link back to your site so the engaged can learn more about you and your company.

Finally, recycle and extend.  The same content can serve as a foundation for a blog, a podcast, and even a video.  You can reference it in a LinkedIn group on Twitter or in a comment on someone else’s post.

Read the book

Lots of good advice–but this blog post is just a teaser.  To get the full scoop, you’ll need to wait for the book–due out next January.  For a sneak preview, see Paul’s slideshow entitled B-to-B Social Media–Really.

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Social media: Insights from an in-house specialist

Monday, January 18th, 2010

Most B2B companies are just beginning to dip their toe in the social media marketing waters.  Consequently, I was delighted when Alan Belniak, the newly appointed Director of Social Media Marketing at Parametric Technology Corporation (PTC) agreed to an interview about how his company is approaching social media and why.

My questions appear in bold followed by his answers.  Here’s what he had to say:

Why did PTC create your position?

Twelve to eighteen months ago, the company’s senior marketing executives realized that conversations happen online whether or not PTC participates–and determined the company needed to take a more active role.  They considered various approaches but ultimately decided they needed a full-time resource.  For one thing, PTC is a large organization with almost $1 billion in revenues. For another, it was clear that social media was here to stay.

What does PTC hope you’ll achieve?

Better engagement with customers.  People that participate online tend to be more engaged than those that don’t.

Engagement is the name of the game.  Engagement equals a valuable brand.  Valuable brands attract more customers.

My job is helping PTC marketers determine where to spend time and how to spend it.  The key is figuring out how to create and promote good content.  If you pump out seven blogs in a week, you run the risk of overwhelming your audience.

How does your company view social media complementing other initiatives?

There are several ways.  For one, social media will augment other marketing activities.

Because of the nature of social media, perhaps it will reduce spend.  I use the word “perhaps” intentionally as it will only reduce costs if we can get more data for less money.

Social media can also help you get better qualified leads.  At a recent Massachusetts Technology Leadership Council meeting, Amy Black from Kadient said something along the lines of “A discussion through social media beats a cold call every day.”  If you do something that causes someone to take action–and let you know they’re interested–that’s better than pursuing them.

Today, the focus is on marketing.  In the future, my personal hope is that the entire corporation will incorporate social media into their operations.

What are your primary responsibilities as Director of Social Media Marketing?

My primary responsibility is to help the company leverage social media in its marketing efforts.  I consult with marketers about how they can integrate social media into campaigns they are planning, and how they can put more power behind existing programs.

I also monitor social communications, “separating the signal from the noise”, to identify opportunities for PTC to take a more active role.  For example, I look for mentions of PTC, our products, and keywords, such as “PLM software” (product lifecycle management) that relate to our business.

Because we’re a global company, I also determine what tools to use in other countries by reviewing third-party research, interviewing local marketing experts, and traveling to other countries to learn more about what people are using there. Different cultures consume information in different ways.  For example, some countries, such as Germany, place a different value on face-to-face conversations than others.  If online activity doesn’t influence the conversation, then it doesn’t make sense to invest heavily in social media in those places.

What listening tools are you using?

I’m glad you asked that, because listening is so important.  We use a number of free tools such as Twitter’s advanced search, BackTweets (which effectively reverses “the shorten URL process” to find terms that were in the original URL but are no longer visible), Social Mention, and OMGILI (an aggregator that displays results visually).  We also use BoardTracker to search discussion boards.

In addition, it’s important to search on sites that are specific to your industry–and look through the sites themselves.  For example, I bookmark PLM–and CAD-related websites and then enter my keywords in their search bars.

We listen to traffic on three large networks:  Facebook, Linked In and Twitter; because that’s where audiences have conversations about business–or blur the line between business and personal.  When it comes to Twitter, my main interest is the links that people share.

You need to use a suite of tools.  You can’t rely on a single tool, because none of them do everything. You also need to accept that, initially, you will get overwhelmed–but you need to get over it.  You can refine your process over time–and use aggregators like Social Mention.

You want to get a rough sense of where things are happening.  If you record all the mentions of your search terms, you’ll go batty.

You just want to understand where the conversation is happening, what people are saying about you:  the questions they have, the tips they offer others, how they feel about you) and the media they use (audio, visual, file exchanges), etc.  If we can answer those questions, then we know where to focus our time, what content we are seeking, and how to deliver it.

I also should add that not all the information we get is free.  Our PR agency uses a third-party tool to produce a thick report of all the times that our company gets mentioned and nice-looking graphs.

We pay for this service to leverage our time.  They search many sites (both relevant and less relevant); and we use this data to understand trends, such as where certain types of conversations are happening, and the general content of those conversations (such as the media they use, as mentioned previously).

Where are you focusing your initial efforts and why?

We are listening to hear where the conversations happen so we know where and how to engage: what channels to use, what content to create, who to follow, what media to use.  I’m also teaching the corporation how to engage with social media.

How will PTC know if you’re successful?

The first indication will be 1.0 metrics such as page views over time and unique visitors. Moving forward, though, you need to change what you measure, and measure what you change.

To bridge the gap to 2.0 metrics, we’ll look at better forms of engagement (such as the ratio of comments to posts to measure how deep the conversation is and average unique comment per post that tells you how many people you’ve engaged).

Then, there are intermediary measures.  For example, Facebook now allows users who won’t comment to just click to indicate that they “like” a particular post.

Initially, you’ll want to look at the aggregate, rather than the specific.  There are no widely agreed-upon metrics that I’ve found — but since everything is online, it’s still easier to measure the ROI of social media than the ROI of a billboard.

What’s been the biggest surprise in your new role?

Although there is a general awareness of social media, inside our company, it is very new to most people and initially, they weren’t clear as to how to apply it in their day-to-day marketing efforts. As I’ve dug into this role, I’ve learned that this is not uncommon amongst B2B companies.  Social media is so new that there is a lot of education needed inside a company to aid adoption.

Why do you think that is?

The adoption of online social networking was very rapid, likely attributable to Facebook (and others).  Since Facebook is primarily seen as a casual or truly social site (as in, non-professional), I think people associated it with kids and socializing.  They likely extended this thinking into other forms of online social networking.  However, Facebook is just one form of online social networking.

Other forms of social networking (online and offline) exist, too – for example, moving into a new neighborhood and asking for a good plumber – that’s an example of and ‘old fashioned’ offline social network.  But the social mores and rules are the same.

In addition, some people may have tried something small in one or two social arenas (for example, purchasing ads or trying a reach-out campaign), and may not have gotten the results they were seeking.  In doing so, they may ascribe their less-than-desirable results in one social arena to all social arenas.  For example, I thought that a recent article in the New York Times about how people often base their impressions on a single data point was a great take on this phenomenon.

What’s your largest unanswered question about social media at PTC?

How long until it “pays off”?  By that I mean, “When will I be able to make a stronger correlation between our marketing efforts to stimulate engagement, and its ultimate effect on sales, revenue, and profit?”.

Altimeter produced a report that shows that the more engaged a brand is with customers, the greater their annual revenues are.  Companies that do participate online are more engaged with their customers.

Customer engagement equals a valuable brand.  A valuable brand leads to increased sales.  It also goes without saying that this leads to happier customers.

We’ve covered a lot of ground about your perspectives on social media.  What else should we cover?

I’m glad that you asked about listening platforms earlier.  That’s where it starts.

One of the greatest challenges is getting people to listen before acting.  I wrote a fairly comprehensive strategy from scratch.  You need to figure out what you want to accomplish first. Else, the first time you fail, someone will ask, “Why did you do that?  It doesn’t make sense.”

My own research shows that people who want a social media strategy often want to jump into interaction.  If you don’t know what’s important to your customers, prospects, or users, or where the conversations are happening, how can you have an impact?

I liken this to a cocktail party…You don’t show up at someone’s house and say, “buy my stuff”.  You show up, survey the landscape, and maybe find someone you know.  You listen in on a few conversations before you add a comment or two.  As the evening progresses, in addition to adding comments into conversations, you strike up your own conversation.  Before the night is over, people are joining your conversations and looking to you for what you have to say.

Online social networking and the use of social media is similar.  Starting by listening and offering comments is a better bet than jumping into a sales pitch or a “go look at our stuff” mentality with respect to a web presence.

Is there anything else you’d like to add?

I love my job.  I appreciate that PTC gave me this opportunity and admire the company for being so forward thinking.

Also, I’d be remiss to talk about social media and not provide people additional ways to find me online.  My Twitter ID is abelniak (@abelniak ; http://www.twitter.com/abelniak), and my blog address is http://www.SubjectivelySpeaking.net

Hear more from Alan this Thursday morning when he’ll be speaking on Social Media: What’s In It For You? in Cambridge, MA at a NEDMA event.

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Use of Social Media for Marketing Medical Devices

Tuesday, November 24th, 2009

medical device
Last summer, Robert DeSimone of MediComm Consultants, Inc., a colleague from the Medical Development Group, mentioned that several of his clients had inquired about social media. Recognizing that medical device companies face special marketing challenges because they are regulated by the FDA, we decided to go right to the source. Here’s what we learned:

Is social media part of the medical device marketing mix?

Our primary objective was to learn whether and how medical device companies are using social media to communicate with prospects and customers, and the effect that FDA regulation or the lack thereof, is having on these activities.

Our methodology

We developed an online survey to learn more about what types of medical device companies are using social media, how they’re using it, what they hope to accomplish, and how they will measure success. We partnered with medical device trade associations and on-line social communities to distribute the survey and solicit participation.

Then, we conducted qualitative interviews with a subset of respondents to learn more about how their companies were using social media. This subset encompassed individuals working for an FDA-regulated concern that are using social media as a company.

The respondents

The sample was self-selected in that members of the groups that participated in the survey could opt whether or not to participate. The trade associations we partnered with are in California, Massachusetts, and Minnesota. We focused on these three areas due to the heavy representation of medical device companies within these geographies.

Most of the social communities were sponsored by LinkedIn and focus on the medical device industry. A couple of the groups are associated with the partner trade associations. We specifically excluded pharmaceutical concerns, as this segment, unlike the medical device industry, has traditionally been more aggressive in directly pursuing consumers.

251 people participated in the survey. Fifty-seven percent of the total respondents work for regulated medical device companies; and, of the regulated group, 67% work for companies with greater than 51 employees.

The individual participants work in a number of functions. Our report, however, focused on those whose jobs include communications with customers or prospects. Of these, only 11% work for companies that include social media in the marketing mix.

We conducted follow-up interviews with five survey respondents, all of whom work for FDA-regulated companies and use social media to communicate with customers and prospects.

How medical device professionals and medical device companies are using social media

Our analysis focused on respondents who work for FDA-regulated companies. Of these, 63% use social media for job-related activities, and only a subset, (16%), use social media to communicate with customers and prospects.

Of the FDA-regulated companies that use social media to communicate with customers and prospects, most have been using social media for less than six months. They are still in the early stages and are testing multiple social media venues.

In most of these companies, the Marketing Department initiated these communications. Only one company, among the 18 that use social media to communicate with customers or prospects, indicated that they have been able to quantify success. Nevertheless, all plan to continue funding at current levels or increase the funding for their social media programs.

Individual medical device marketers’ perspectives on social media

The responses to the follow-up qualitative interviews were relatively consistent with the quantitative findings. Everyone we interviewed had started using social media relatively recently and most were careful to limit posts to content previously approved for press releases, website, and/or print communications. All the respondents we interviewed said that Marketing had initiated the company’s foray into social media.

In one case, the marketing executive learned that their customers were active social media users from her customer advisory council. She decided to pursue social media marketing because she felt it was important that the company participate in the conversation.

In another case, the company’s agency recommended that they begin participating in social media. In the remaining cases, the companies began experimenting with social media because their competition was already actively involved. Most engaged the services of an agency to jump start the process.

Most of the respondents researched the market and the competition before jumping into social media. At least, one company also established social media guidelines. A couple reported the differences in participation levels they are seeing between consumers and clinicians; and even more interesting, that there are participation differences among clinicians in different roles and medical specialties.

The respondents told us they were listening as well as posting. The listening tools they use run the gamut from Google Alerts to one company’s decision to pay an agency to listen in their stead.

It was our sense, however, that the listening and the posting were somewhat independent, and not necessarily social conversations per se. That is, companies listened to learn what was important to their prospects and to determine where to post. Nevertheless, because they limited their posts to pre-approved content, outgoing communications were not necessarily in direct response to what others were saying.

As for measurement, most expressed the desire to do so, but didn’t believe they had a definitive approach. One pointed to retweets and the opportunity to discover, and congratulate a customer about a recent award as early indications of success. Perhaps due to their short social media tenure, and the restrictions they face as a regulated industry, most had relatively few followers.

Perhaps surprising, except in the case of one respondent, FDA restrictions were not the major concern about launching social media programs. It was our impression that these marketers had accepted the fact that medical devices are a regulated industry with a given set of constraints.

Instead, the respondents appeared more concerned about resource limitations. None had a dedicated social media resource, although several commented that their competitors did. One didn’t even have time to do much listening on a consistent basis.

Medical device companies believe they must participate in social media to remain competitive

The medical device companies that we interviewed are in the early stages of social media participation. Most are optimistic that social media will accelerate their marketing efforts, but few have enough data to measure success. Nevertheless, they feel they must participate to learn or risk being left behind. That said, medical device companies are likely to lag the competition, at least until the FDA clarifies the regulations governing the use of social media.

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Social Media Marketing for Job Search

Monday, November 9th, 2009

More often than not, when I’m invited to speak it’s about marketing strategies that businesses can use to attract and capture businesses from other businesses. Typical topics include “Getting into Your Buyers’ Mind”, “Developing Compelling Value Propositions”, “Systematically Creating Referrals”, “Online Marketing”, and lately “Social Media Marketing”.

This month, however, I had the pleasure of speaking with Tufts alumni on how to use social media marketing techniques to land their next position. I don’t know which was more exciting doing the actual presentation–or preparing for it.

Looking for a job is just another form of marketing

job search social mediaNow, I’ve spoken on searching for a job before, because it’s really just another form of marketing–only the job seeker is the “product”. The new wrinkle was figuring out when, where, and how to use social media to supplement conventional job search techniques.

I started by making a list of all the normal activities that one would do when looking for a job. Examples include researching the industry, conducting informational interviews to narrow the focus of the search, getting the word out that you’re looking, networking to identify promising companies and opportunities, and figuring out how to stand out from the competition.

Social media marketing accelerates the process

While making this list, I realized that getting a job is a very social activity–and that social media is ideally suited to accelerate the process. Where social media really excels is in quickly finding out what’s hot, showcasing your expertise to colleagues and strangers alike, and staying top of mind with those who may hear about job opportunities.

To help job seekers find out what’s hot, I recommended automated ongoing Twitter searches via Tweetdeck. For showcasing their expertise, I suggested using the status updates in Facebook, Linked In, and Twitter to raise awareness of their accomplishments and direct their network to information these individuals would find valuable.

I particularly recommended Twitter since it is searchable by everyone. Therefore, those that found their content helpful might choose to follow them and join the network of individuals that opt for direct communications.

First impressions count: but marketers say it takes 7 to make an impact

Marketers say that it takes 7 impressions to make an impact. When it comes to staying top of mind, nothing beats social media. That’s because it offers the opportunity to communicate regularly without being a pest.

Most people use social media to keep their finger on the pulse. Unlike email which they tend to use for mission-critical communications, people check social media when they want to know what’s going on in the work, in their industry, with their colleagues, and/or their friends. So, they expect to receive news that’s interesting but not necessarily essential. Of course, it’s incumbent on senders to deliver interesting content if they don’t want to risk being “unfollowed”, blocked, or worse yet, “unfriended”.

Using social media to research the presentation: The medium is the message

The topics I’ve covered thus far are the topics I anticipated discussing when I agreed to do the presentation. What made the preparation so interesting was some of the other things I learned on the way.

About a week before I set out to write the presentation, I created a Tweetdeck search on “job search”. Through that, I discovered that there was a hash tag for job search–so I altered my search.

Shortly thereafter, I stumbled upon some information sources that I never knew existed. Perhaps the most interesting was Glassdoor.com. This site provides the information everyone cares about most– what it will be like to actually work at the company with whom you’re interviewing. Visit it to view anonymous reviews about the pros and cons of working for various employers.

Finally, it came time to give the presentation. To my surprise, most of the people who came were fully-employed. Perhaps some were looking for their next opportunity, but most said they came to learn more about social media marketing. To see a copy of the presentation, please visit my LinkedIn profile and scroll down to the slideshow. Then, please let me know what you would add to improve upon this presentation.

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Social Media Breakfast (SMB15) serves up great insights and recommendations

Friday, August 7th, 2009

One of my clients, a membership organization, is facing a challenging problem. The Board would like to recruit younger members to ensure that the organization continues.

One of the issues our team has been trying to address is, “How do you attract and retain new community members—when these prospective members start out with little in common with current members?”

Luckily for me, I attended a social media breakfast in Boston(#15) this morning. There, Communispace CEO, Diane Hessan, was the last speaker at an event entitled “SMB15: The Power and Peril of Online Communities.

If anyone has deep insights into the power and perils of online communities, it’s Diane Hessan. Her team at Communispace has been building online communities for ten years.

Today, Communispace hosts vibrant communities for some of the biggest brands in the US—companies like GlaxoSmithKline, HP, and Hallmark. This morning, however, Diane told us that her company didn’t achieve success overnight.

As Diane began to speak about lessons learned, I quickly realized that my client could learn a lot from her experience. Yes, my client’s community is a conventional offline community. Yet, I believe many of the same principles that the SMB15 speakers presented will apply.

Online communities are like cocktail parties

One of the speakers likened an online community to a cocktail party. As with a cocktail party, the success of a community depends on a lot of effort on someone’s part.

This effort includes welcoming guests when they arrive, encouraging them to stay by introducing them to others, including them in the conversation, and giving them a great experience so that they come back again.

In short, as the first speaker, Bryan Person, Social Media Evangelist at LiveWorld pointed out, it takes a great host to throw a great party. He then remarked that in an online community, the host is the community manager.

Community managers play an important role in on-line communities

Up next, Rachel Happe, Principal at Community Roundtable, spoke about the important role the community manager plays in building a strong community. Both Rachel and Diane suggested hiring an event manager for this role.

Just as at a party, this person needs to set the tone. Online or offline, it’s important that this individual engage with other members of the community directly.

People are attracted by other people. Diane said that just as you’re asking community members to share their thoughts, ideas and/or experiences, it is important for community managers to also reveal a little bit about themselves.

Social glue binds on-line communities

Another related concept is “social glue”. Social glue is what holds communities together, and keeps participants coming back. Diane noted that the more involved people are in the community, the stronger the social glue.

The key to involvement over time, therefore, cannot fall to the community manager alone. Instead, community managers need to stimulate conversations between members.

For some communities, these conversations come about quite naturally. As an example, Diane referenced one airline’s frequent fliers. These road warriors spend all their time on planes–so the airline and the passengers’ travel experiences are top of mind.

It’s much harder to build a social community around brands that are central to peoples’ lives. Diane described the challenges a toothpaste company faced when trying to build the strong ties among their members.

Since most people spend relatively little time thinking about brushing their teeth, it was unlikely that they would bond over their brushing experiences. Hence, the community manager encouraged conversations by reaching out to a subgroup of young mothers.

The community manager then engaged these women in conversations about their family lives. As Diane explained, dividing a large disparate community into subgroups makes it easier to nurture the “social glue” it takes to hold a community together.

Building on-line communities takes patience and sustained efforts

One of the cautions that Rachel offered, and Diane reinforced, is that communities take a long time—and sustained effort–to build. In Rachel’s experience, it’s not uncommon to see relatively low flat participation for a long time.

Sometimes, there are spikes when a community manager initiates an effective campaign. Yet, the overall trend is still flat–until the community reaches a critical point. Then, if everything goes right, growth will accelerate.

Would be community builders, such as my client, therefore should prepare to make a sustained effort for a long period of time before things take off. My sense was that that time period can be a year or longer.

Listening is an underrated marketing strategy

The need to sustain one’s efforts throughout brings me to the next point. Diane quipped that “listening is an underrated marketing strategy”.

Communities are a great way to learn about what matters most to members. On the other hand, once you set the expectation that you care about what others think, it’s important to follow through. If you don’t sustain your efforts, and respond to their recommendations, you’ll just alienate your community.

When you do listen, however, it pays dividends. Diane told us about the first time one of Communispace’s early clients experienced a spike in traffic. The SWAT team–that Diane assigned to figure out what created such a high level of engagement—identified critical success factors and what Communispace and its client could do to achieve even better outcomes in the future.

Case Example: Millenials and Gen Xers

Toward the end of her presentation, Diane provided some specific case examples. My ears perked up when she began discussing the experiences that Charles Schwab had when it first tried to attract younger investors.

I began to listen very hard, when as an aside, she mentioned the difficulties that financial service companies, and for that matter health care providers, face in getting social media communications approved.

This was of particular interest to me because this is something my health care clients worry about a lot. It is also one of the questions that my colleague, Robert DeSimone, of Medicomm Inc., and I are currently querying medical device companies about in our survey about medical device companies’ use of social media–but I digress.

Diane quickly reviewed what Charles Schwab and Communispace learned when they set out to attract millenials and Gen Xers. For one thing, terms such as “retirement” and “no load funds”–which are part of the vernacular for baby boomers–mean little to the next generations. Retirement is far away. Since, as it turned out, most young people use checking accounts as their primary investment vehicle, “no load” was not a term with which they were familiar.

Different communities require different marketing tactics

Communispace and Schwab also learned that communicating with young people is fundamentally different. This population is “always on” from the very moment they awake in the morning. Moreover, the technology of choice is likely to be a mobile phone.

Once again, “listening” paid dividends. Schwab introduced a high-interest checking account that was a great success.

What does this all mean for would be community builders?

What does all of this mean for my client? It appears that if they want to attract individuals from a younger generation, they may have to do things differently—and it may take a lot of time.

On the other hand, if they are patient, invest in applying some of the best practices the SMB#15 speakers recommended, and sustain their efforts, they have the potential to attract and retain the prospective members they most want.

Social Media Breakfast: Go directly to the source

Thanks so much to Bob Collins, who hosts Social Media Breakfasts in the Boston area, event sponsors LiveWorld and Communispace, and the speakers that made this a fantastic event. This is just a taste of what they served at breakfast. You may want to check out hashtag #SMB15 on Twitter to get all the details

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