Showing posts with label SOCIAL ANALYTICS LIFECYCLE FRAMEWORK. Show all posts
Showing posts with label SOCIAL ANALYTICS LIFECYCLE FRAMEWORK. Show all posts

Sunday, 21 February 2010

LISTEN, SPEAK, ENGAGE, GIVE – THE MERITS OF SOCIAL MEDIA

If the past decade was all about the power of linking and integrating web pages and data, today it's all about power of linking and integrating people. Brands today must socialize with consumers in ways that increase their relevance and value in the eyes of their consumers. Brands must develop a credible social voice that is more engaging, personal, humble, authentic, and participatory than ever before.

Social media and networking are all the rage these days, but many people still do not understand what all the fuss is about. From the outside looking in, it would seem that online social networking is all about spending a lot of time doing nothing.  But once you understand that a social network is as much of a place or social construct, as it is an activity, all of that begins to change.   For many people, Social Networks are their home (or “hub”) online; a small piece of the web that they can call their own. Social media is really just participatory media disseminated through social interaction online.  Users gravitate towards it extends a platform that allows people to both express their individuality - and meet people with similar interests.

Social Media is about recognizing, accounting for, and tapping into the fact that, as your potential consumer makes a purchasing (or engagement) decision—they are being influenced by different circles of people through conversations with them, both online and off.  Consumer conversations about brands, products and services are increasingly woven into the interactions of social networks as a means to connect with others, and these conversations have great influence (even though people aren’t consciously asking about brand opinions.)  Moreover, consumers do not always realize how much influencing they are doing and how much they are being influenced when they have conversations about brands across social platforms. 

Most companies are seeing Social Media as an imperative today simply because search ranking, indexing, and subsequent monetization are directly tied to end-user experience and interaction.  The bottom line is social media marketing is relationship marketing.  You need to fish where the fish are.  To this end, our ultimate goal is to ensure a framework is in place to turn the world of social media into a strong asset and powerful tool to grow and extend your relationships and business.  Some (high-level) questions to answer before you get started include:

LISTEN | do YOU have the ability to monitor your brand?
Make sure you have the ability to update comments, requests, questions, and concerns in a timely manner.   It’s one thing to participate in the massive conversation that is social media, but if you have no mechanism for seeing what’s being said about you, your competition, your products, or your employees¾adding any real value to the conversation will be a challenge.   Consider investing in a social media monitoring solution (e.g. Radian6, Alterian), or you can even build your own using Google Reader if so inclined.

SPEAK |ARE YOU prepared to be transparent in your communications?
Social media has created a forum for people to openly voice their opinions.  If they feel that they’re being sold something that may be too good to be true, they surely will talk about it. So, admit your shortcomings, and exorcize your demons as quickly as you would your triumphs and successes.  This will earn people’s trust – the currency of the social sphere.

ENGAGE| ARE YOU prepared to BE PARTICIPATORY?
Social media acts as an enabler and facilitator of this two-way exchange with your prospects and consumers.   This exchange importantly evolves your communication platform from a (one-way) monologue to a (two-way) participatory experience.

GIVE | DO you have something of value to share?
This question may seem obvious, but just take a look at the myriad of Blogs and Twitter accounts that provide worthless, insipid content.   Moreover, companies that Tweet their “About Us” website page in 140 characters over the course of a week are adding nothing more then noise. Worse still, this will likely create detrimental brand exposure.   Best to start by creating original content that would be of value to prospects and clients - and then expose it to relevant social media channels.   Spread other people’s content as well (and give credit to the sources.)

These are just a few thoughts to start establishing a social framework for your brand.   More will follow in the upcoming weeks and months.  

Just remember, if you have any specific questions, we’re always here to help.  ;)


Monday, 11 January 2010

TOP 100 SOCIAL BRANDS OF 2009


We are excited to release our second annual ranking of the most social brands, The Vitrue 100. 2009 certainly marked the tipping point for social media with Facebook crossing 350 million month active users worldwide (100 million US users) according to “Inside Facebook”, December 2009.

Adoption of social media by marketers has also followed suit, as eMarketer cites the percentage of the Fortune 500 not using social media has dropped dramatically - from 43% now to only 9%.   Forrester is also stating that social media marketing is projected to grow at an annual rate of 34%, faster than any other form of online marketing (US Interactive Marketing Spend 2009 to 2014 Report issued Summer 2009).

So what does all this mean as we head into 2010?  Marketers are adding social as a foundation into the marketing mix and need the infrastructure to manage their increasingly robust presences. TV spots are now tagged out with Facebook URLs instead of corporate web sites and point-of-sale call to actions now direct you to fan them on Facebook or follow them on Twitter.  Marketers get that social works. So with this in mind we established The Vitrue 100 to help bring credibility and clarity to this emerging space. The changing world of online conversations results in significant movements up and down for brands.

The Vitrue 100 was determined by averaging the SMI scores for each brand across each day in December 2009. To further clarify, “annual” based on grouping of pull done once a year as the first Vitrue 100 was done December 2008 and we wanted to measure year over year. The result is a ranked list of the brands which are most talked about on the social web. Note: Some powerhouse technology brands were omitted from the list as they provide the backbone of many social networks.  While Google, Facebook and others are top brands, the Vitrue 100 is measuring companies that are using social technology, not those who are the technology.

Top 100 Social Brands of 2009

  1. iPhone
  2. Disney
  3. CNN
  4. MTV
  5. NBA
  6. iTunes
  7. Wii
  8. Apple
  9. Xbox
  10. Nike
  11. Starbucks
  12. NFL
  13. PlayStation
  14. Adidas
  15. BlackBerry
  16. Sony
  17. Mercedes
  18. Microsoft
  19. Samsung
  20. BMW
  21. Nintendo
  22. Best Buy
  23. ESPN
  24. Ford
  25. Honda
  26. Ferrari
  27. Gucci
  28. Nokia
  29. Major League Baseball
  30. Dell
  31. Coca-Cola
  32. CBS
  33. ABC
  34. iPod
  35. Mac
  36. Turner
  37. Nissan
  38. Toyota
  39. eBay
  40. Amazon
  41. Victoria’s Secret
  42. Nutella
  43. NASCAR
  44. Disneyland
  45. Audi
  46. NHL
  47. Red Bull
  48. Verizon
  49. Intel
  50. Subway
  51. Hewlett-Packard
  52. Puma
  53. Kia
  54. Fox News
  55. Porsche
  56. Jeep
  57. Dodge
  58. Pandora
  59. Walmart
  60. Zappos
  61. Suzuki
  62. McDonald’s
  63. Krystal
  64. T-Mobile
  65. Skittles
  66. KFC
  67. Volkswagen
  68. NBC
  69. Sprint
  70. Pixar
  71. Motorola
  72. IKEA
  73. Pepsi
  74. Cisco
  75. REI
  76. LG
  77. AT&T
  78. Converse
  79. The Gap
  80. Chevrolet
  81. Louis Vuitton
  82. Toys”R”Us
  83. H&M
  84. Philips
  85. General Motors
  86. Pringles
  87. Visa
  88. Prada
  89. Panasonic
  90. IBM
  91. VH1
  92. Hulu
  93. Oracle
  94. Burberry
  95. SEGA
  96. Sears
  97. Avon
  98. Jet Blue
  99. Lacoste
  100. Comcast


Read original article.

SOCIAL ANALYTICS LIFECYCLE FRAMEWORK


This helpful SIM Framework is by Ken Burbary (one of the organizers behind the Module 2010 Digital Conference.)  It starts with the social web, includes analysis, data segmentation, strategy, and execution.