Showing posts with label social networks. Show all posts
Showing posts with label social networks. Show all posts

Sunday, August 7, 2011

Re-thinking Influencer Reach

Grouping my contacts in Google+ Circles is making me re-think about the way we've been defining reach in social media. The value of your network shouldn't just be based on how many people you know, but also account for 'who' you know. As the recent Harvard Business Review article, A Smarter Way to Network, indicates, successful leaders capitalize on diversified networks. They not only solicit feedback and insights from their contacts, but they know people from different circles. This adds to the richness of information they get and the variety of networks they reach. 

While we study influencers, it's important to know the number of their followers, blog readers, Facebook friends, etc. But it's also key to know how many different types of circles they tap and which ones they will choose to send your messages. Years ago, when I was working on the e-fluentials surveys at Burson-Marsteller, a journalist had asked to interview someone who qualified as an online influencer. The selected e-fluential told the journalist how he had separate lists of people he emailed, for politics, jokes, national news and general updates. He explained that he was very careful not to push information out to people who would not want it or not engage with the content. 

Perhaps this e-fluencer was ahead of his time or a bit conscientious, but today we have Twitter lists, LinkedIn groups and now Google+ Circles. We need to ask influencers how many people they are spreading news for every different type of message, product or service. Next, we need to understand which channels when they disseminate that particular info byte. Then, we can talk about influencer reach and network value. 

Posted via email from dotwom's posterous

Sunday, June 26, 2011

IBM Reveals Gaps In Corporate and Consumer Perceptions Of Social Media

A recent CRM Study (2011) by IBM Institute for Business Value reveals significant gaps between what brands prioritize in their social media communications and what consumers expect when communicating with companies through social media. Guess what? Consumers are not so focused on activities that are deeply engaging and entertaining. (They probably prefer Hollywood for that.) They are looking for discounts. They want to make purchases or they are looking for reviews that will help them solidify their buying decisions. Meanwhile, companies are spending dollars on providing general information and product updates. A significant percentage of companies believe consumers follow them to feel part of a community (64 percent) or to access customer service (63 percent). As the image below shows, these items are not as high on consumers' list.

So, have we been wrong about polls and quizzes and 2 minute videos that bring color and interaction to Facebook fan pages? Not necessarily. However, we are missing an opportunity to close a sale if we do not bring product to these activities and give consumers the chance to try products, read reviews and purchase in one click. Consumers have their friends and other personal connections on social networks giving them a sense of community. When it comes to b-to-c relations in social media, commerce should be at the center of branded activities.

Posted via email from dotwom's posterous