Sunday, October 24, 2010

Making Social Media Work for Your E-Commerce Site

While many marketers remain doubtful of tangible returns from their social media endeavors, transactional sites (e.g., e-commerce, donation, banking, etc.) are uniquely positioned to show the loop from conversation to purchase. To gauge conversions from social media posts to purchases, brands need to look further than the flux of traffic from their social network profile areas to their Web sites. Search advertising, e-mail programs, mobile apps, branded videos also fuel word of mouth, increase online visibility and lead people to online payment pages.

Consider these social-media driven tactics to boost online transactions: 

 

Say it with pictures: Having a clear, easy to adopt and pass along message is priceless in social media. On Twitter or Facebook, you do not have much room to pitch. Use these spaces to hit on key points and plug in photos and videos to tell a deeper, emotional story. Charity: water’s recent fundraising campaign to bring clean water to the Bayaka people in Central African Republic (CAR) did just that. The organization made the strategic decision to use Facebook as the hub of the digital campaign. Visitors could choose from a series of one-sentence key messages, bundle the phrase with a striking photo of people who lack access to clean water in CAR and send it off to their newsfeed.

Offer value on the (engagement) spot: The pathway between social messaging and transaction should be short. The longer your visitors have to look for the check out button, the more customers will lose interest and drop off. Smart shopping apps allow brands build pop-up stores on Facebook. Take a look at these custom tabs 1-800 Flowers and Delta, powered by Alvenda.

Use social media to enhance search engine visibility: Repeating calls to action or news announcements on Twitter is a necessity. Your message may otherwise be lost in a steady stream of updates. Tweeting regularly and updating social media posts increase the number of tags and keywords associated with your brand in cyberspace. These activities give search engines more to grab and catalogue. Embedding keywords in your Twitter editorial calendar can bring you closer to shoppers who start their online journey on Google.

Set your mobile app to accept credit cards: Apps are not just for fun and games on Facebook. Boost your branded app’s functionality with an online store. The grocery store Fresh Direct cuts to the chase with its mobile app that lets customers fill their shopping carts, change orders and have items delivered to their doorsteps. Moviefone’s app marries trailers and reviews with movie ticket purchases. 

 

Get closer to your loyalist through e-CRM: E-newsletters can offer a steady stream of shopping news to brand loyalists who opt-in to receive emails. While Facebook and Twitter give brands a place on fans’ walls and Tweet Decks, the inbox is still one of the most coveted places in social marketing. Membership clubs, insider deals and discount offers delivered through email can turn engaged customers to e-commerce sites and Facebook tabs. 

Customer stories weigh more than star ratings: Star ratings sure help to scan through hundreds of product reviews and note the top performing products on a retailer site. Yet there is much more behind a 3.5 star rating. As case studies from BazaarVoice repeatedly show, authentic customer stories have a positive impact on Web sales. If you are sharing customer reviews on your brand site, consider replicating these stories on Facebook where customers are already getting advice from their friends on what to buy. The online customer service system Get Satisfaction now offers Facebook and Twitter integration, channeling customer Q&A to brands’ social sites. 

Posted via email from Speaking of Social Media

Tuesday, October 19, 2010

What’s Next? Five Digital Trends To Watch

Social media is competitive. Brands need to break through the clutter achieving a delicate balance of creativity and innovation. To get ahead in the game, we are always wondering about the next big thing.

New York Times (online) broke the news about Google’s hands-off car, specifically engineered to reduce human error in driving and increasing drivers’ time for ad exposure and search. The news come on the heels of a recent Forrester report on iPad users, in which the analyst is encouraging readers to think of additional surfaces and dashboards besides portable devices where online marketing could play a role.

Will brands be communicating from dashboards in the next three months? We may need a bit more time for that. However, it would be smart to start putting the following pieces together when devising digital strategies:

Social media advertising will compete with authentic influencer chatter:  The new Twitter ads are a testament to increased targeting and customization in online advertising. They also point to the competition between sponsored vs. real recommendations in social media. Will your audience click through your sponsored tweet or an influencer’s retweet? In either case, the results will be better than 0.02% click-through rates.

Semantic search caters more closely to consumers’ needs: Google’s instant search suggestions improve brand impressions and make it easy for consumers to articulate and find what they are searching.  However, there is room for improvement in search result precision. The semantic search engine Hunch asks users 20+ questions about their likes/dislikes upfront. Based on these responses, Hunch offers recommendations on what to read, visit and taste, among other choices.

Location-based marketing will spark loyalty programs:  There is more to the simple genius behind FourSquare than check-ins and special offers. We will see a convergence between loyalty marketing and geo-location. Imagine being offered a coupon that converts you from a shopper to a buyer, the fifth time you visit the same store.  

The sandwich generation will turn to e-commerce:  Time and resource strapped boomers who feel sandwiched between the demands from their children and parents will increasingly revert to search engines and e-commerce sites to do their shopping, to find services and to place orders.

Digital will play a bigger role in teens’ relationship with TV: According to eMarketer, teens (12-19) have a personal purchasing power of $176 billion. The number of hours they spend watching TV exceeds the minutes they spend watching online videos. Meanwhile, they also defer to the Web and to their friends before making purchasing decisions. (See Daisy Whitney’s article for Cynopsis Media for more details.) In this landscape, digital media properties (e.g., Web sites for TV shows) will compete with established social networks, hosting and harnessing teens’ peer-to-peer conversations. They will have to bring rich experiences to their tech-savvy audiences, offering content teens cannot readily find on the big screen.

 

Posted via email from Speaking of Social Media

iMedia Connection: - What drives the premium iPad experience?

IPG Media Lab set out to answer the million-dollar question: Is the willingness to pay for iPad apps driven by the early adopter audience or the form factor?

Sunday, October 3, 2010

Translating Facebook Likes Into Impressions

I participated in an informal research experiment conducted by our friends at Keller Fay Group. The participants got an email invitation from Ed Keller on late Friday afternoon, asking us to post this simple statement on our Facebook Walls. "Hi friends. Please help me with a research project. If you see this, please click 'like' on my status. It's that simple. Thanks." We were to report back to Ed in 48 hours with the percentage of our friends who actually clicked through. 

Mine hovers around 10 percent. Not bad, considering I am connected to 428 friends, family members and colleagues through Facebook. The one qualitative finding that didn't surprise me was who commented and who got into a conversation under this comment. I had six comments from four unique users - all of whom are what I would call 'intensive' Facebook users and natural conversationalists. I know that their offline networks are pretty broad as well. 

But if you go from 428 to four to have true engagement, then maybe we should not equate the number of friends to actual impressions on a wall post. Of course, we have to consider that my message was not anything counter intuitive or newsworthy. It was a simple (perhaps questionable) call to action that got posted at a time when most people were drifting off of work. In a more formal rendition of this experiment, I would also vary time, quality and content of the message. That would yield pretty interesting results. I am sure not all wall posts are equal.  

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Monday, September 27, 2010

Search Words + Online Buzz = Patient Insights

I was just thinking through the online trail of a patient, looking for disease information. He might be in his mid 50s. He's probably content with the browser his computer pops open for him. He plugs in some key words and off he goes to a list of information sources. NIH.org, Mayoclinic.com, webMD are his first stops, because they come up above branded sites supported by pharma companies.

He peeks into some forums as he digs deeper, but does he trust the information from other caregivers and patients? Spam messages about Canadian drugs and links to cheaper pills make him want to click out of there as fast as he can. He goes back to emailing his friends for a referral, turning to people in his immediate circle. 

The sheer volume of disease-related posts in forums makes us think that majority of healthcare conversations take place in these areas. I feel like we also need to look at behavioral data on how a journey that typically begins with search leads to engagement, if at all. Do the key words patients/caregivers use match up to what's being discussed online? Do they match up to what brands provide on their sites? Is there a way to be as authoritative as the Mayo Clinic site on a given topic as a healthcare brand? 

Reviewing most commonly used search terms and online buzz about a given health topic can provide significant color to our insights. Online posts may reflect the opinions of those who dare to post public questions about their health. But search is (relatively) anonymous and can show what people are truly interested in finding. 

My two favorite tools to understand how Internet users search for content are: Google Adwords Keyword Tool and Trellian Keyword Discovery

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Thursday, September 2, 2010

Key Performance Indicators in Social Media

Today’s social media landscape is significantly more cluttered and complex than its early days. The abundance of content that is easy to access and consume makes launching and sustaining noteworthy online projects challenging. As social media matures, the need to measure online word of mouth and demonstrate success becomes indisputable.

A comprehensive measurement plan should consist of three parts—gauging the audiences’ reactions to the brand before, during, and after the campaign. The first step in measuring online word of mouth is to listen and monitor audience chatter across blogs, forums, and social networks. This effort helps uncover existing issues, attitudes, and behaviors. It marks the starting point for a campaign. The second step requires tracking the campaign’s progress and studying the interaction between message senders and receivers. During this phase, marketers can take note of attitudinal and behavioral changes among their target audience. The third step involves comparing final campaign results with benchmark scores to demonstrate the momentum and change the campaign generated.

When setting benchmarks and tracking online word of mouth throughout the course of a program, marketers can use the following measures to show how their initiatives generated buzz, changed brand perceptions, and lead consumers to take action.

Volume of discussion: Using blog search engines such as Technorati, Google Blog or research firms’ proprietary software tools, count the number of posts that mention key words or messages related to your program. The numbers of unique mentions indicate online word of mouth reach.

Influencer mentions:  When writers quote and reference a source, they deem that information outlet reliable and useful. Similarly, every link that points to a social media address boosts that source’s authority. Desktop monitoring tools such as Radian6 and BuzzLogicÔ measure the number of in-bound links to blogs from brand sites, news sites, forums, and other blogs. The higher the score, the more influential and authoritative the source will be.

Stickiness: To show the full impact of word of mouth programs, we must account for those who received and shared a message. Impressions and unique visitors are metrics that speak to the broad universe of people who may have been exposed to a message. However, not everyone passes along every bit of information they receive. A survey measure developed by research firm S. Radoff Associates called Stickiness addresses this issue. Stickiness is based on the percentage of people who pass along a message among those who are exposed to the message.

The Echo Factor and Tone: When reviewing the overall volume of mentions, analysts often distinguish between positive and negative tone. Marketers can take this assessment a step further and measure how their messages echo through consumer conversations. Through surveys targeting representative samples of their audience, they can probe how many people received and passed along a positive or negative message. Next, they can look at the ratio of positive to negative mentions. S. Radoff Associates’ Tonality Index, which is based on this ratio, indicates the dominant tone of word of mouth and gives brands a pulse check.

Engagement: Online media engagement can be a qualitative measure that gives directional information about consumers’ online experience. To understand the nature of users’ interaction with the blog content, marketers can study comments’ tone and length. They may find a detailed, positive review more meaningful than a neutral or negative monosyllabic comment. Furthermore, they can classify the topics commentators discuss and analyze the quality of information these social media agents share.

Advocacy: Differentiate between those conversations that are descriptive and those that contain recommendations or warnings. To identify those networking agents who are advocating for a brand, product, or a company, look for those who are making solid recommendations, telling others what to do, and potentially influencing others’ opinions and decisions. For instance, MotiveQuest, a strategic consultancy that analyzes online consumer buzz, has coined the term online promoter score™, distinguishing between those mavens who are generating much of the volume on an issue and those advocates who make recommendations

Action: Online word of mouth campaigns yield recommendations, votes, and purchases. When organizations engage word of mouth agents and infuse networks with their messages, they hope to see an increase in sales and public support. To connect such outcomes with their marketing initiatives, communication professionals need to document their audiences’ online behaviors and show online buzz can lead to posts, clicks, downloads, or offline actions such as votes, coupon redemptions, and in-store purchases. Marketers can review sales trends during and after the campaign and note any increases that correspond with online buzz volume. Political strategists can explore how visits to online information hubs affect votes, signatures, and donations.

To read the complete version of this article, please visit PRNews Online.

 

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Sunday, August 22, 2010

Online Connections Do Not Replace True Friendships

It has been a long while since I read sociologist Robert Putnam's Bowling Alone. At the time, I was an international student facing her first year in college and quite frankly, I did feel alone. Coming from a more communal culture, I felt that I had no hope in a country where the norm was isolation in suburbs and moving away from families for work or school. Over the years I built some wonderful friendships, but I still wonder what my life then would have been like if I had Facebook and continuous access to updates from 400+ connections I have on this site.

According to CafeMom's Mom Index (TM), things may not have been much different, despite the Internet. This study states that moms have an average of two true friends. Forget all the social networking, conversing online and participating in online chats. Moms are pretty isolated in their daily grind of work and family time. This finding is echoed by work published in the American Sociological Review, which states that the average American has only two close friends and a quarter do not have any. 

In other words, boasting hundreds of online connections may not mean that we are in touch with them or engaged in what they have to say. Technology helps spread word faster but does not replace the human factor. 

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