Archive for the ‘Marketing for CEOs’ Category

A Shameless Self Promoting Plug

I had an opportunity to be interviewed on the Atlanta Business Radio Show this morning. Can’t miss any opportunity to evangelize on social media and marketing. Here is the link to the podcast (my portion of the interview starts about 15 minutes in):

http://atlantabusinessradio.businessradiox.com/atlanta-business-radio-interviews-nicole-siokis-with-momcorps-and-social-marketing-strategist-matthew-rosenhaft/

Actually, I want to thank my hosts, Amy Otto and Lee Kantor, for a truly fantastic experience. It was my first radio interview and they made it very easy with the right softball questions to help me out. Also on the show today was Nicole Sioskis, regional owner for Moms Corp (www.momscorps.com) is a specialized matching service for professional mothers (and some dads) who desire to work part-time or on a project basis with organizations that need high-caliber talent on a part-time or project basis.

Wish List for Social Marketing Metrics

I get requests to review social media related platforms all the time; functionality, metrics, and integration. Some of these platforms are really good and some of them will die a quiet death. I make it a point to not discuss any specific platforms just because I want to stay strategic in this blog. But, I think there is value in outlining what I am looking for in the way of platform measurement capabilities that will support my social marketing strategy. Here is my wish list of activities that I want to measure and for which I am trying to collect tools; some of which is available and some is still not ready for primetime…

  1. Automatic Chatter Analysis – who, what, where, when, why, and how with comparisons, triggers, analysis, and a dashboard.
  2. Synchronization of My Social Networking Contacts – cross platform and multiple networks with the ability to start with one and find someone on another; i.e. uploading a twitter contact and have the ability to synch with LinkedIn or Facebook or email.
  3. Social CRM – then do that for all of my company’s contacts, dropped into a CRM system which I can then manage multiple contacts, campaigns, and relationships
  4. Online Community Lead Scoring – apply lead scoring to my own hosted community. I want to be able to identify when activities in the community indicated greater interest and send that into my CRM or multi-channel marketing system for follow up.
  5. Multi-Channel Reach Measurement – include social networking channels, twitter, blogs, back links, SEO, & SEM. Not just email and web analytics.
  6. Social Influencer Scoring – compare the various potential lead influencers to compare; blogs, communities, social networks, twitter, forums, sites, etc.
  7. Lead Source Analysis – Need a better way of being able to identify and track indirect sources for leads. I can use the latest web analytic tools to identify pages, but I need a way to elevate that to identify the sources of leads to compare and contract; i.e.  2nd generation re-tweet triggers a wave of people to our website. I want to be able to match the tweet to the twitter user to the lead. This would require some serious integration between social media and web analytics with a healthy dose of marketing legwork.
  8. Strength of Social Marketing Channels – Once you can track, then you can evaluate.
  9. Cost of Lead Acquisition by Social Marketing Channel – This is the Holy Grail; to measure the cost of lead generation by channel. Cross match it to revenue from leads and lead source and you have ROI.
  10. Social Marketing Brand Strength – Measurement of reach, calls to action, and actual action. There are some metrics out there with proprietary formulas, but this is still nascent.

If automatic ROI calculations are still some point off into the future, then what can we measure today and how can we justify our expenditures on Social Marketing? My answer is that it depends on the “how’s”; how big, how complex, how sophisticated, how much is your budget, and how much time? You can track a great deal with the tools currently available which is more sophisticated than much of the traditional brand-oriented mass communications channels that exist today. So, the good news is that we are moving in the right direction, but it is still more art than science. Well, at least until the platform vendors provide the above capabilities.

Why this Blog isn’t Like Others

Since the focus on my blog is marketing strategy, most of my followers will be surprised to find me writing on tactical blogging. However, I have gotten a good number of requestsregarding how am I getting such traction with my blog, even more so than most websites. So, this is a deconstruction of my approach for those who aren’t familiar with how to build a blogging strategy.

First, let me outline why this blog is different than most of your traditional blogs: 

  1. More like a corp blog than a traditional individual blog– I am running this as I would if I were the CMO of a company and I needed dynamic content for my website and for direct messaging to the market.
  2. I am playing a specific role as a content manufacturer versus a content distributor – I have written about how I see the the development of tiered content distribution on the web (Search Engines versus Social Media for Marketing Awareness)
  3. Focused on establishing my thought leadership in the social marketing space – hence the original, higher quality content.
  4. My audience is the “C” level executive decision-makers that doesn’t have time to read blogs -Kind of tough to reach people via a blog who don’t read blogs, but my strategy is to leverage indirect channels of establishing relationships prior to engaging. I am getting read, but I am reaching them through other channels and then bringing them to my blog one at a time. 
  5. My blog is obviously integrated with my offline and other online marketing activities -The decision makers don’t care whether the information is offline or online, they just want quality from validated sources. My marketing strategy does both prior to engagement.
  6. My blog isn’t as targeted – I would like to be more targeted, but I am having to balance my desire my long term goal to find a permanent role with my short term social marketing consulting. Hence, it is a bit schizophrenic in switching between broader CMO topics (Web 2.0 product management, product marketing, and lead generation) and more targeted social marketing.
  7. You will notice that I don’t have links – It is not that I do not want to be helpful to assist you in finding additional strategic marketing resources, but they are time consuming to build and, in truth, they distract from the narrative that I am building between posts.
  8. Very little third party content for the same reason – I am showcasing my expertise, building a narrative around social marketing, and focused on building a library of original content. I will occasionally comment on really cool information, but I try to be a destination for original content.
  9. I have turned off the commenting (too much SPAM) – I receive feedback through my social networks, twitter, email, and back links. Please reach me through these vehicles (contact info in the sidebar) as I appreciate people the feedback.
  10. I have a micro targeting strategy versus a macro blogging recognition one – In part, I am more focused on creating a thought leadership center for people to leverage for understanding social marketing, validating my expertise, and providing a call to action around my resume. Hence why I am on a hosted wordpress with poor Seach Engine Optimization. I am not looking to establish myself as a blogger, but rather I am validating my knowledge as a Marketing Executive with some very cool, cutting edge expertise.

My Recommendations for Starting a Corporate Blog

1. Start with the Strategy first. Are you blogging for brand recognition, validation, sales support?

2. Understand the mechanics of blogging – what rules will you follow, which ones will you not. I break some rules because it supports my strategy to do so.

3. Build an editorial calendar – map out the narrative that you want to deliver and manage to that

4. Pace yourself – fewer posts of higher quality is better. On the other hand, make sure that you are at least once or twice a week, preferrably more.

5. Don’t “Build it and They Will Come” – doesn’t work. You need to promote it, get it added to online catalogs, cross promote with other marketing communications channels, and get the word out. It takes a while to build visability and even longer to build a regular following.

Hope this helps.

Why Fortune 1000 (All) CEOs Needs to Understand Social Media and Marketing

The reality is that very few Fortune 1000 CEOs (or even Divisional CEOs) will read this post. Actually, very few will read any posts. BUT here is why they should…

  • Marketing – Traditional marketing activities are getting diminishing returns; social marketing leveraging social media represents a shift to lower cost, higher return activities. Ecomomics is the driver. Mantra should be “Find more cost effective ways to drive revenue”.
  • Competition – The competitor that can figure out how to leverage online social relationship networks to drive customer acquisition at a faster rate grows faster.
  • Employee Productivity – Your employees can be much more productive leveraging these web 2.0 tools. Problem is that most organizations approach these tools at a tactical level and therefore only get marginal results. Some of the real innovators are using it to rethink and realign their value delivery systems.
  • Cost of Sales – Used to be that vendors that could short circuit an RFP could command higher margins. If your prospects are doing research on the web, you need to short circuit that process OR at least get in early enough to influence the process. You will lower your aggregate cost of sales.
  • Customer Relationships – Customers are demanding better information and better interaction throughout their lifecycle. Every major company has customer retention and referral programs. How is your organization trying to provide a better customer experience?

Could you cut lead generation, customer acquisition, or customer support costs leveraging social media? Can you demonstrate a ROI?

The short answer is “yes”, but having a Corporate Facebook page is probably not the right answer when someone on your board asks your CMO about how you will leverage social media …. or how you will drive sales growth over the next 2 quarters when you are also cutting marketing budgets. You could probably flog the troups to work harder to get the short term results, but the reality is that a lot of smart companies are crafting strategic approaches to social media to help change the market dynamics. If you are not getting the sales growth that you would like even in the face of a myriad of corporate initiatives, you may want to rethink “Social Media is a Fad” or isn’t really for <insert your market here>.

Why? Social Media represents a fundamental shift in the way people interact on the web. As a result, this impacts the way customers and employees interact in business. We all have B school case studies where innovative companies leveraged innovative technology challenge the established market order. There are just as many examples of where the established market leader crushed an upstart competitor by leveraging the same innovative technologies to maintain their market lead.

Your organization spends a great deal of money and time around preparing strategic plans, why aren’t you taking the same approach to social media? Could be a game changer for your business… or your competitor…

If you don’t have people in-house who can build and articulate real strategy with a Roadmap, Business Case, and ROI around social media & marketing, then I suggest that you acquire that talent post-haste. Even if you decide that you need a slow-roll approach to leveraging social media; having a strategic gameplan that is well thought out and justified is priceless. Especially if social media represents a fundamental paradigm shift in the way businesses interact with customers.

Search Engines vs Social Media for Marketing Awareness

Most companies’ websites are not on the first page of an organic search in the category. Probably half don’t even show up in the first couple of hits on their company name. This is the fundamental reason that social media is becoming more important to those companies. It is about distribution.

In the brick-and-mortar world, manufacturing and distribution were two well defined roles in business. Manufacturers created the products and then went to distributors (VARs, wholesalers, or even retailers) who distributed. The reason was economics; cost of sales and cost of distribution. Distributors broke up pallets, combined products into solutions, provided consulting, marketed, and managed the relationship with the customer. Manufacturers made the product and managed the relationship with the distributors.

I see the same model evolving with content on the web in marketing. Content manufacturers create the content (on websites, blogs, tweets, social networking posts, Youtube videos, and pictures) that is then redistributed (linkedin, referenced, clipped, forwarded, emailed, etc) to others on the web. Two critical roles are emerging; content manufacturers and content distributors. There is a whole class of  bloggers and twitterers who don’t create anything, but play an incredibly important role of cataloging, annotating, and redistributing content for the particular interest of their networks. You need both.

I think you are seeing a fundamental shift in the way that people distribute information via the web from a traditional direct distribution model (My website is cataloged, I invite people I know, or emailed to a list) to an indirect distribution model where you need a distribution network to reach and influence the right audience. These distributors ( really influencers) are critical to getting the “word out”, but you better have something compelling, interesting, and relevant if you want distribution. They “pay” for the privilege of distributing your content with a real currency… “their attention”.

At the end of the day, SEO is still extremely important for all companies. If only for optimizing your site for secondary and tertiary key words, you still can pick up traffic. Pay-per-click also helps. Search engines are still the leading way to find information on the web.

The “but” in that sentence is that social media is increasingly becoming a strong distribution channel for generating marketing awareness. As in the real world, those manufacturers (marketers) who have the stronger distribution network…. win.

Social Marketing Changes Everything Part 3 – Business Case

Continuation of Part 1 – Introduction & Part 2 – Theory

Unless your company does ecommnerce, Social Marketing generally does not have its own ROI. This has been a significant challenge for most companies thinking about how to leverage social media. How do you correlate social marketing activities with tangible business impact?

Most corporate social media participation has grown sporadically out of employee participation outside of their daily work life. Most of the participants in the social networks joined through invitation, but since there are not a structured way to use these networks, corporate planning has lagged on these networks. Many companies are now putting together structured social media plans as a part of their marketing efforts, but are finding a hard time building the social marketing business case.

The business case for social marketing really involves mapping your organization’s social activites back to your business objectives, strategies, and goals. Just because your team dabbles on Facebook, has linkedin profiles, and is playing on Twitter does not make a social marketing plan. The other side of the coin is that just because you can’t measure it, doesn’t mean it doesn’t have value. The remainder of the post will outline a process for building a business case around social marketing:

  • Identify Key Market Influencers
  • Align Business & Social Marketing Strategy
  • Develop Social Marketing Roadmap
  • Build the Social Marketing Business Case

Identify Key Market Influencers –  starts with a reorientation of the traditional view of marketing’s role away from traditional marketing channels of communication. Instead, the model below is reoriented around the core of the customer experience:

Social Marketing Reorients Marketing Activities

Social Marketing Reorients Marketing Activities

  • Reorients traditional marketing towards the online network, relationship-oriented, and influencer-driven social interactions.
  • Leverages a multi-channel, multi-directional approach towards building relationships with a transition away from the structured marketing roles.
  • Focused around enabling the key interactions that support the awareness, influence, interest, buying, and referral processes.

Align Business and Social Marketing Strategy

First Step is to understand the market from the company’s perspective

  • Collect company’s Market Research – get everything you can get your hands on to get a baseline of the market
  • Understand Value Proposition, Competition, Positioning, Differentiation, Key Description Words
  • Company’s Goals, Objectives, & Strategies
  • Industry Trending
  • Website, SEO, & Social Media Presence Review – figure out your strengths and weaknesses
  • Team Social Media Perceptions & Capabilities – you will need buy in. Additionally, you may find evangelists in people you would have never thought.

Next step is to perform online market research to understand  the following:

  • Competitor Analysis – messaging, positioning, website, social presence
  • Industry – associations, sites, news, blogs, industry communities (public access only)
  • People – influencers, industry executives, analysts, press, buyers, consultants, bloggers, partnerships

Develop Social Marketing Roadmap based upon identified audiences, influencers, and existing relationships.

  • Map audiences and objectives with the desired interactions.
  • Prioritize the Social Marketing Roadmap (crawl, walk, run) based upon 3 mo, 6 mo, and 12 mo activities, budget, and resource requirements
  • Proposed Social Marketing Editorial Calendar to leverage existing content, corporate development, and user generated content. Think bite-sized chunks of reusable, repurposed content that can be leveraged across many mediums. Spread the workload across a broad spectrum of people. Look for activities where you can reuse the content; ie a webinar (answer the questions from the webinar in a blog post)

Building and Presenting the Business Case

  • Hard and Soft Cost Analysis – You need to have an understanding of the time, resources, and money
  • Strategy Review – Make sure that you have buy-in and participation
  • Budget Refinement -Understand the Resource Limitations; make sure you prioritize your activities based upon an expected return
  • Program Measurement – How will the organization measure and report?
  • Performance Metrics & Estimated Business Impact Executive & Team Presentations – Recruit Internal Evangelism

 Part 4 of the series will explore the possible elements of a Social Marketing execution plan.

Part 5 of the series will explore how to measure Social Marketing activities more in depth.

Social Marketing Changes Everything Part 2 – Theory

Continuation of Part 1 – Introduction

Continued at Part 3 – Business Case

The fundamentals of marketing are changing with the mass adoption of RSS. RSS allows the repackaging and redistribution of information into components which can be reused, reassembled, mashed-up, etc. RSS also allows each piece of content to have its own URL. As we transitioned from domains to pages to feeds to tweets, you are seeing increasing componentization of information. 

Social Marketing is a direct response to this changing landscape. Social Marketing is the transition away from pre-packaged messaging to evangelism (education before engagement) with focus on user interactions, relationships, influencers, & experiences. Social Marketing represents a continuation of the shift from broadcast messaging to interactive. There are some contributing factors underlying this shift:

  • Sheer Size of the Web –According to Nielsen Netview, 168,670,941 active domains
  • Volume of SPAM emails – My email example: 715 spam messages caught as of Monday, June 29, 2009 10:22 AM
  • Need for Social Search– Search engines are still in their infancy (Google: Results 110 of about 590,000,000 for marketing)
  • Rise of Social Networks – Nielsen puts the interactions on social media larger than web mail as of February
  • Amount of Blog Posts– According to Technorati, close to 1M a day that also get pumped into the search engines

Through the linking, repackaging, and sharing of content;  Social Media is playing a key role in bridging the information search challenge on the web. My blog is a perfect example of this. I started this blog as an vehicle to provide thought leadership and credentialling in finding a position as a marketing executive. About a month into building the blog, I realized that my traffic had transitioned from primarily being driven by the people that I know and met to inbound links from social media, other blogs, directories, social bookmark sites, etc. Because I am on a subdomain for wordpress, I don’t get the benefit of branding my own domain so search engines really don’t do anything for me. Even if I had my own domain, my posts on marketing show up in the middle of the 590 Million indexed pages on Marketing.

Without the the linking, repackaging, rating, and sharing of content that people do on sites like Twitter(tweets), Facebook(content and people recommendations), Delicious, Digg, News Aggregation sites, Industry hubs, etc, or the blog-rolls or even the large connectors on Linkedin with the LIONs (Open Networkers); how would anyone really find anything on the web.

Hence the challenge to marketing as the traditional ways that you reach potential buyers are being overwhelmed with the amount of messaging; telemarketing, email marketing, direct mail, tradeshows, webinars, etc. A large part of this is that the internet has enabled near-zero distribution costs for messaging, so it is almost as easy to send 10,000 as it is to send one. 

The people who repackage and redistribute content or build relationships hubs play an equally important role as the creators. If you have 50 creators of content on a subject, you need one person to assemble, rate, and aggregate this content into meaningful information. The content and relationship distributors really play the equivelant role of market makers for the stock market. Without a market maker, you couldn’t have exchanges. Without exchanges, you can’t get a place to conduct the scale of trades needed to keep a market fluid. This role is going to continue to drive the market for information; in return, drive the impact on marketing. The bigger the size of the information market, the more importance the role of market makers.

That is why social marketing is so critical to marketing at large and why social marketing is changing everything. Think of information as a product that needs distribution. If you now need to make sure you have the widest distribution of content, you need to build relationships with the distributors. The manufacturer with the biggest, strongest distribution network wins. Traditional broadcast models for marketing presupposes a direct relationship. Social marketing presupposes an indirect relationship. If history is an indicator, then the indirect channels have more scale.

Social Marketing Changes Everything Part 1 – Introduction

If I asked the question “Who wants better leads, increased revenues?” I would see every hand up in the room.

” Through social media?”  I would still see pretty much every hand in the room raised. 

If I told them that they would have to changes their approach to marketing, lead generation, customer satisfaction, and their view of their market, how many hands would stay up? If I told them that they would have to take some risks, expose themselves (metaphorically), do something unconventionally, challenge their team, etc. would you find any takers? a few…

Now, if I told them that every one of their competitors is planning on doing this and that they could choose to do it early to get “competitive advantaged” or they could wait and be a “me-too”. I would find the room in two camps, split between the optomists in the face of a economy poised to recover and the business convervatives who are trying to maintain what the have in the face of a recessed economy.

I read a lot online from social media “experts”, but other than they advocate the use of  social networks like Linkedin, Facebook, MySpace, Twitter, Youtube, etc. for business (Screaming ad-like tweets “You too can make money”…) I struggle to break through the noise to connect with the real innovators who have a strategic approach to integrating social media into their full marketing programs.

Here is my two cents worth – Social Media is fundamentally changing Marketing. In my mind, it is not about how you add the social networks to your marketing channels of communication (they should be thought of as channels), but rather how you rethink marketing and brand management. The initial wave of website in the mid-90’s started to a fundamental shift in marketing. I talk to a lot of companies about social media, Web 2.0, social CRM, social networking, etc. Some think it is a FAD, most think it is fun and interesting, some are trying to use it for business, but some are taking advantage of the rest to drive growth. This shift in marketing is happening again.

I am not talking about occasionally sending something out to the 132 people on Linkedin, 675 college buddies on Facebook, and the 3750 followers that you have built on twitter (these aren’t my numbers). I am not talking about building online forums into your website. Not talking about use meebo to chat occasionally with an ex-colleague. I can go on, but the point is that social-optimized, Web 2.0 interactions  are creeping into the way that we all do business. You can use them or you can rethink your approach to leverage them to “change the rules”.

If you are a “changes the rules” type, you will need to subscribe to the RSS feed and have to come back to read the rest of the series on Social Marketing Changes Everything Part 2 – 5. I can’t fit all of the explanation into the a single post. This multi-part series will provide information on social marketing and answer the following questions:

  • What is Social Marketing? (I can already hear, not another buzz word…. but think about my Web Marketing reference above)
  • Why is a new definition required beyond Social Media, Social Networking, Social CRM, or Web 2.0 Marketing? (gotcha there)
  • So what? Why should I  worry about this? Hint: Revenue Generation and Customer Referrals (I assumed this would be important to you)
  • What does a Social Marketing strategy look like?
  • What does a Social Marketing Roadmap look like for this?
  • How do I leverage what I am already doing?
  • How do I build a Social Marketing Business Case?
  • How do I measure Social Marketing?

Now that I got the major questions out of the way, let move next into the definitions;

Social Marketing – The re-orientation of traditional marketing to reflect the new post-digital,  network relationship oriented, and influencer-driven social interactions. Social Marketing leverages a multi-channel, multi-directional approach towards building relationships with a transition away from the structured marketing roles like; product management, marketing communications, PR, Channel Mktg, & sales support. Instead, marketing is reoriented around enabling the key interactions that support the awareness, influence, interest, buying, and referral processes. ( it is a mouthful, but I am working on getting it down to one simple sentence. Give me your thoughts and I will incorporate in my next post)

Social Media – Basically, you have the social networks that you participate and the online communities that you own which are built into your corporate website. See my post on Social Media is Like Fishing for more details.

Online Communities – communities of interest built upon a foundation of Web 2.0 social networking tools; profile, blog, wiki, social bookmarking, calendaring, media sharing, etc that enable the user to interact with other users and content through the website. See my post on Online Community Blueprint for more details.

Post-Digital – If everything is becoming digital, why does digital matter? The buyer doesn’t really care if the interaction is on the web, they just want to get what they need. A lot of marketing still segments online and offline which creates an artificial barrier to developing a seamless customer experience. Social Media is changing buyer behavior, coming more fluid, and marketing must adjust the model to to support the reflected changes. See my post on the Changing Role of the CMO for further explanation.

The next part of the series will explore a new model for thinking about reorienting marketing towards interactions.

Part 2 – Theory

Part 3 – Business Case

Corporate Social Media Roadmap

One of my contacts on Twitter posted a reply back that “Social Media is a Fad”. I have been thinking about that for the last couple of days. There is a tremendous amount of momentum around leveraging social media for business. This isn’t the first time that I have heard this in the last several months, but I guess perception is reality.

So, to that end, I have outlined a social media roadmap for those who are trying to “figure out” if the hype will lead to something real. I have been around enough to have seen this conversation a few times; websites, ecommerce, web applications, and now social media. This simple roadmap is targeted to those who want to do something, but are having a hard time presenting a business case, especially in this economy.

Social Media “Crawl”

  • Make sure your team has a complete profile on Linkedin –It would be nice if they were on Plaxo, Facebook, Twitter, etc.; but make sure that the profiles are complete and up-to-date; including past roles. For a lot of potential buyers, awareness of your company comes through an employee’s profile. Make sure they have a good impression.
  • Make sure that everyone has the same basic description– For the company, links to the various pages on the website (including one to careers). Also, make sure there is consistency in the company name (ie. Abbreviations, LLC on the end, Website name, etc)
  • Create a social media policy for employees– There is a fine line between personal and private. Social media can blur that line, especially on Facebook with pictures. Make sure that policy also includes connections to partners, vendors, customers, and other employees. I am not recommending that you curtail their ability to interact with online relationships, but make sure there is protection for the company.

Social Media “Walk”

  • Inventory Corporate Online Relationship Networks – You will be amazed at who your team is connected and no one else knew it. “I needed someone who could do this” or “We need an introduction to X”.
  • Identify who or which companies are missing – a key to successful networking is getting outside your own network. A lot of times it is the 3rd degree relationships that can produce the greatest opportunities.
  • Run a networking program for employees – Sales people and Executives generally know how to network, but the vast majority of employees don’t. But, they represent the vast majority or potential introductions as they had lives and experiences prior to joining the company.
  • Build an Online Relationship Campaign– This isn’t going out and collecting 25,000 random twitter followers, but building online relationships (across multiple social media sites) with the key influencers, bloggers, buyers, vendors, and participants in your industry. If the saying is “Sell where the customer is…” ; you need to start a program of connecting to them online.
  • Start an enterprise blog on your website– designate a team approach to creating an online thought leadership center for your company. Tie your blog updates to your social media participation. I update my Linkedin, Twitter, & Facebook every time I create a new post. It provides content and value for your connections; at the same time, creates a call to action for your website.
  • Cross Pollinate Your Traditional Marketing Database with your Social Media Contacts– I add all of the new contacts that I meet into my Linkedin and other social media accounts. Social CRM is becoming the new “hot” thing as companies are trying to manage the multiple (potential) customer communication channels.
  • Multi-Channel Marketing now Includes Social Media– I have been integrating my social media contacts into an email campaign list that I send my weekly blog digest. I have gotten a tremendous boost to my blog traffic by integrating email, social media, and traditional networking. A multi-channel, integrated approach allows you to reach the potential customer where and how they want to communicate. Especially with our busy schedule and email overload, don’t assume because they did not repsond that they are not interested. They may not have really “seen” the message.
  • Be Respectful– don’t SPAM your social contacts with random messages. Make sure that what you send them provides value to your network. They may not want to buy, but they will respect your attempt at providing value to the relationship and credentialing your thought leadership.

Social Media “Run”

  • Building your own online community into your corporate website – Use social media components to create a more compelling interaction on your website. Also, this provides great search engine optimization, thought leadership, differentiation, lead qualification, customer experience management, etc.
  • Build public, semi-private, and private group areas in your community– Provide value without a login through public groups, but encourage them to sign up (membership) to see a lot more. The private group areas are then used to continue the sales pursuit and provide individualized customer support.
  • Integrate your community with your marketing and sales activities– By integrating your online community, you provide a call-to-action for your outbound sales and marketing efforts. Also, this allows you to leverage your corporate website more effectively during the transition from marketing awareness and interest to sales process and lead management.
  • Integrate your community with Social Networking sites– Google, Facebook, and Linkedin all have member APIs that allow someone to use their membership in third-party communities. This removes one major obstacle for people to participate; the dreaded sign-up.
  • Integrate your community with your Enterprise Systems– Integrating your existing content and data with your online community is important because it allows you to leverage the investment in your existing CRM, ECM, etc. systems more effectively.
  • Leverage Web Analytics and Lead Scoring –An online community provides a trememdous amount of interaction data that can be measured, scored, and utlized for lead qualification.

Social Media “Sprint”

  • Integrate your business processes with your online community – Customizing the interactions of the community for your business processes; customer experience management, sales support, Call-center, project delivery, supply chain, partner management, etc. This means that different audiences interact within the community, but have personalized experiences based upon their roles and goals. I serve up a different forecasting dashboard in the Product Management Group versus the Sales Group.
  • Reimagining your Information Architecture– Some of the leading organizations are rethinking the traditional ideas around organizational Intellectual Property. They are begining to build flexible information architectures whereby the “community” is really the presentation layer for their corporate systems. They build interfaces as “application mashups”. Your access to information and applications is based upon just-in-time rights management. If I am working on a project, I get invited to the project group that has all of the project history, notes, documents, and applications that I need to interact with the project team. This also then is extended outside the organization to partners and customers. The enterprise is no longer a “castle” with a moat and a drawbridge, but a modern city with buildings, doors, locks, security systems, etc. This allows for more effecient business scalability.

At the end of the day, I don’t see social media as a fad. I think the hype factor will dimish along with the effectiveness some of the early adopters have been able to drive, but I see online social interaction as the next logical step in the evolution of the web and business.