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Monthly Archives: April 2009

Communing with Community or Talking Social Media Marketing?

How do you commune with your community?

Recently, a client asked how we develop our social media marketing strategies. Our approach is based upon our Marketing Transformations Process, a 10-step program that results in an accelerated marketing plan. Today, I’m sharing an outline with you to get your input. While this is more of a checkpoint list to get started, I’m thinking about how the layers can morph into real communities.

Social Media Marketing Strategy 20 Step Strategic Marketing Approach

1. Capture the current conversation: tracking trends, Google, twitter, LinkedIn, Facebook

2. Assess current communications – brand, people and community to inventory what’s existing and can be repurposed via social media

3. Clarify communications, public relations, marketing and sales goals – what do you want to achieve?

4. Identify target talkers and existing communities on established sites – where do your people congregate?

5. Evaluate online social media position – where are you on your future community’s radar?

6. Determine your value – what will you bring to the conversation? How do you fit into your community’s life – information aggregator, problem solver, leader of achievers?

7. How will you contribute? Set interactive communication goals for each audience [we will watch for ________, respond to ___________ and inform about ___________]

8. Select keywords and craft key messages, based on the conversation that’s already going on out there and match them up with your company’s value

9. Design an interactive communications planner by channel, community, frequency, priorities and responsibility

10. Ensure that someone will [always, always, always, always, always] be watching and responsive

11. Automate, without being robotic if possible, across multiple channels

12. Produce and share engaging content that may include: success stories, case studies, white papers, videos, podcasts, surveys

13. Start a group on social media sites that leads into a membership site that gets you closer to your people

14. Be the leader that people want to follow because you are important to them

15. Build relationships with champions, ambassadors and evangelists

16. Be where they can find you – consider advertising on key sites or sponsoring events

17. Measure results and track stats that help you modify your marketing, sales and communications systems

18. Re-Align communications accordingly

19. Shift with your people

20. This point left intentionally open for reader input . . . 

What do you think? Does this draft work? What do you like? What would you change? Thanks for sharing your thoughts on our work in progress. And, if you need help with your social media marketing strategies just call 630.207,7530.

Study: Fortune 500 Blog Stats-missing 84%?

It’s almost unbelievable – only 81 out of the Fortune 500 companies have public-facing corporate blogs.

Is it me or does 16% sound impossibly low?

This stat is a key finding of a new research study, “The Fortune 500 and Blogging: Slow and Steady” conducted by Dr. Nora Ganim Barnes, Ph.D., Senior Fellow and Research Chair of the Society for New Communications Research and Chancellor Professor of Marketing at the University of Massachusetts Dartmouth and Eric Mattson, CEO of Financial Insite Inc., a Seattle-based research firm.

Other Key Findings in the Fortune 500 Blogging: Slow and Steady Study include:

  • 81 of the Fortune 500 or 16% currently have public-facing blogs.
  • This compares with 39 percent of the Inc. 500; 41 percent of the higher education sector and 57 percent of the nation’s Top 200 Charities.
  • 28 percent of the Fortune 500’s blogs link to Twitter accounts. (Other Fortune 500 companies have Twitter accounts, but they are not linked to their blogs)
  • Five of the top ten companies have public blogs: Wal-Mart, Chevron, General Motors, Ford, and Bank of America.
  • 90 percent of the Fortune 500’s blogs have the comments feature enabled.
  • The computer software/hardware technology industry has the most blogs, followed by the food and drug industry, financial services, Internet services, semi-conductors, retail and automotive respectively.
  • Ten percent of the Fortune 500’s blogs link to podcasts; 21 percent incorporate video

Source: Society for New Communications Research press release

Study Screen Shots: Number of Company Blogs By Industry, Comparison by Sectors

Two graphics in the study jumped out at me: the number of companies by industry and the comparisons by sector. Only four insurance companies blog? It would be interesting to take the study a step further and break out the number of companies by industry and then match them up. If there are eight insurance companies in the Fortune 500, then is 50% a good participation rate? That’s a subjective conclusion, and it is really meaningful? Still, if you’re a consumer or an investor who’s shopping and you compare companies – would the ones with active community relationship centers aka blogs win out?

It would be interesting to break out the Inc. 500 company blogs in the same way and then compare them with the Fortune 500. One last measurement: financial performance. While publishing a company blog does not guarantee an exact return on investment, a well-produced communication vehicle on a blog-based publishing platform that allows commentary opens up new channels for innovation, customer service and research. As a corporate communications consultant who’s contributed to a variety of internal and external publications, including managing the launch of the intranet at Sears in 1998, I get excited about what happens when communications connects companies closer to their customer communities. Perhaps other Fortune 500 companies are more interactive in other forms of social media.

corporate blogs by industry

Click on the images to view full-size.

2009-blogging-sectors

2008 Fortune 500 Companies with Blogs (n=81)
(As of March, 2009)

Rank Name of Company
Source: Fortune 500 Blogging: Slow and Steady Study

Typically, we don’t post long lists here. I’m making an exception this time to ask you to comment on what you think about Fortune 500 company blogs. Do you read them? Which ones do you like? Why? What would you change?

1 Wal-Mart Stores
3 Chevron
4 General Motors
7 Ford Motor
9 Bank of America Corp.
12 J.P. Morgan Chase & Co.
14 Hewlett-Packard
15 International Business Machines
17 Verizon Communications
23 Procter & Gamble
27 Boeing
34 Dell
35 Johnson & Johnson
41 Wells Fargo
44 Microsoft
46 United Parcel Service
49 Time Warner
55 Safeway
58 Sprint Nextel
60 Intel
65 Motorola
66 Best Buy
67 Walt Disney
68 FedEx
71 Cisco Systems
72 Johnson Controls
75 American Express
80 Alcoa
82 New York Life Insurance
83 Coca-Cola
88 Tyson Foods
106 McDonald’s
111 Emerson Electric
113 Wyeth
115 Electronic Data Systems
119 Goodyear Tire & Rubber
120 Manpower
129 Delta Air Lines
137 Oracle
144 Xerox
150 Google
153 Nike
163 Avnet
170 Computer Sciences
171 Amazon.com
175 Progressive
181 CBS
184 Sun Microsystems
185 Texas Instruments
189 Toys ‘R’ Us
197 Marriott International
201 EMC
214 General Mills
217 Medtronic
238 Eastman Kodak
240 DISH Network
242 Principal Financial
267 Southwest Airlines
299 Nordstrom
300 Alltel
305 Monsanto
313 Virgin Media
321 KeyCorp
326 eBay
346 PPL
348 GameStop
353 Yahoo
362 McGraw-Hill
369 Whole Foods Market
378 Newell Rubbermaid
396 Starwood Hotels & Resorts
398 Thrivent Financial for Lutherans
399 Pitney Bowes
406 Advanced Micro Devices
427 Micron Technology
431 Owens Corning
442 Foot Locker
443 Agilent Technologies
454 DaVita
461 Symantec
474 Clorox

What surprised you about these findings?

Social, Social, Social! What does “Social” Mean?

Jan Brady: Well, all day long at school I hear how great Marcia is at this or how wonderful Marcia did that! Marcia, Marcia, Marcia!

To paraphrase Jan Brady of The Brady Bunch . . .

Well, all day long on twitter I hear how great Social is at this or how wonderful Social did that! Social, Social, Social!

As more and more people and companies come to us asking about social media consulting, I started thinking about what “social” really is.

My first encounter as a social consultant, of sorts, was at University of Illinois as the social chair for my sorority, which meant I was in charge of planning exchanges with fraternities. The purpose? Networking, doing good, promoting our house, having fun, building community and developing relationships.

Consider these definitions of social:

  • relating to human society and its members; “social institutions”; “societal evolution”; “societal forces”; “social legislation”
  • living together or enjoying life in communities or organized groups; “a human being is a social animal”; “mature social behavior”
  • relating to or belonging to or characteristic of high society; “made fun of her being so social and high-toned”; “a social gossip column”; “the society page”
  • composed of sociable people or formed for the purpose of sociability; “a purely social club”; “the church has a large social hall”; “a social director”
  • tending to move or live together in groups or colonies of the same kind; “ants are social insects”
  • sociable: a party of people assembled to promote sociability and communal activity
  • marked by friendly companionship with others; “a social cup of coffee”

What does being social mean to you? How does being “social” relate to marketing and business?

Monsters vs. Aliens-Social Networking for Consultants

Prelude: Soon I’ll be presenting a program to computer consultants about how to use the power of social networking to build your brand and strengthen client relationships. To illustrate how to add entertainment value to build your brand and strengthen client relationships, in this post we’ll compare social networking and marketing to the movie Monsters vs. Aliens. Put on your virtual 3D glasses. Ready? Let’s go!


Three Ways to Market: 2D, 3D or 3D IMAX

Monsters vs. Aliens came out in three versions: 2-D, Read D, Imax 3D – the one we went for. But, wait a minute . . .

Why would someone pay almost 3 times more to see a movie you could see for $5? Consider the tradeoffs: no 3D, no 3D glasses, a regular size screen, a stationary seat, a routine viewing experience.

What goes along with the upgrade? 3D, 3D glasses and a HUGE screen. Say no more. When we went to see Monsters vs. Aliens, after I purchased the tickets I double-checked: Is this Monsters vs. Aliens 3D IMAX?

No?

Run the card through again, I told the ticket-taker. That will be an extra $15 he told me as he swiped my card.

Pondering the parenting lesson in all of this [what is the value in extravagance?], we threw caution aside, grabbed our 3D glasses and found cushy rocking seats together in front of an approximately 52 by 72 foot IMAX screen.

Monsters vs. Aliens is a 2009 computer-animated 3-D feature film from DreamWorks Animation and Paramount Pictures. The movie was the first computer animated movie to be directly produced in a stereoscopic 3-D format instead of being converted into 3-D after completion, which added $15 million to the film’s budget. Source: wikipedia

Because this an audience of computer consultants, here’s the technical data:

Ed Leonard, CTO of DreamWorks Animation, says it took approximately 45.6 million computing hours to make Monsters vs. Aliens, more than eight times as many as the original Shrek. Several hundred Hewlett-Packard xw8600 workstations were used, along with a large and powerful ‘render farm‘ of HP ProLiant blade servers with over 9,000 server processor cores, to process the animation sequence. The movie demanded 120 terabyte of data to complete, with one explosion scene alone requiring 6 TB.[4]

Since Monsters vs. Aliens, all feature films released by DreamWorks Animation will be produced in a stereoscopic 3-D format, using Intel‘s InTru3D technology. IMAX 3D, Real D and 2-D versions were released.

Is your marketing 2D, 3D or 3D IMAX?

Only here to watch the Monsters vs. Aliens trailer, here it is . . .

 

Now, about that comparison . . .

Monsters vs. Aliens Social Networking for Consultants

Disclaimer: all alien and monster references relate to this movie, not Alien, not Aliens, not Monsters, Inc. or any other films in these genres.

In this movie, aliens land in a space ship. On the ship, an evil dictator issues commands and clones robots to carry out his mission to take over the world. A series of battles ensues.

Monsters, also known as misfits, each have a super power that they use to fight aliens. Representing the people, they want to save the planet.

  Aliens Monsters
Attitude Takeover Help
Leadership Dictatorship Team
Personality Same Individual
Motivation Overpower Empower
Communication Commands Conversation
Community Clones Relationships
Relating None Empathy, Support

What similarities do you see between aliens/old marketing and monsters/social networking?

Need some clues? Watch the slideshow.

 

Setting PR Ranges|How to Include Social Media Marketing| Reader QA

A reader writes . . .

I’m working on a proposal for PR work to a potential new client, and was wondering how you are incorporating social media tools into your proposals.
Do you set up a separate rate structure re strategy and implementation for creating a buzz on blogs, Facebook, Linked In, Twitter, etc., compared to the traditional PR methods of writing press releases and press kits, pitching to the media, and charging a placement fee upon publication? Or, do you integrate social media into every proposal as part of a strategic overall marketing plan?

Good questions!

And the answer is . . . it depends on the client, their social media marketing and PR goals  – and, maybe most importantly, where their community gathers. Here’s how to assess a client’s readiness, settle on interaction levels and then build in pricing. We set creative investment levels, but don’t charge placement fees upon publication. Each CoryWest Media client’s proposal is based up our proprietary Marketing Transformations Process: a mix of strategic planning, creative services, distribution, media relations, social media marketing and ongoing communications.

Assessing a Client’s Readiness from a Social Media Marketing and PR perspective

Questions to ask:

1. Where are we now? Is it working?

Some clients prefer traditional media relations: papers, TV and radio. To them, it’s important to be seen in mainstream media. Since most of these outlets have a site, their coverage will show up online, too. Typically, these aren’t our clients, but they may be yours.

2. Why do we want to go there [social media marketing]? What happens when we get there?

Yeah, Oprah’s on twitter and you may be, too. But is your client ready to commit to making social media marketing an always-on initiative? When you get there, to be successful, you have to be alive and on. A set-up site is like a cardboard cutout of a movie star in the theater lobby: it may be fun to look at, but everyone knows it’s a false front.

Going after the cool kid factor isn’t enough of a reason rush into being seen online. Once you’re a cool kid and you’re making the social media rounds you have to ask: does anybody care if we’re riding in the limo? Maybe it’s enough to distribute a news release via a system that has built-in social media tools and see where the crowd takes your and your story.

3. Where is our audience? Can they find us?

Think about this: it’s Friday night and you’re going out on a date. You want to go to the ballet. Your boyfriend wants a pricey steak. The couple you’re double-dating with that night wants to go to a double-header. Everybody’s going to a different place to get information about how to make a decision and then, let’s leave it all up to you all to figure out how to take action, which brings us the next question . . .

4. How do we come up with a plan? Who’s going to work it?

Social Media Marketing and PR Plan: Engagement Levels

You need a plan, man. That’s where the agency comes in. Hopefully, with a system they’ve developed and tested for other clients – or better yet, the agency itself. As a 2 3/4 year old blogger who’s been through not just the writing and posting of over 570 pieces, I know about the pains, joys and challenges of keeping a publishing platform up and running. It is. not. easy. But, it can be manageable – and rewarding. Blogging does not equal all of social media. However, it is excellent training for how to attract, track and grow an audience through the conversation information route.

Social media marketing and PR is about connecting and communicating with emotion, engagement, empathy and entertainment.

Voicing messages for organizations and companies, penning pithy quotes for a press release and crafting success stories is much different than being responsible for the client’s brand in the social media sphere – 24/7. Who will manage the interactions – the agency or the client?

Will your company talk for their company? What happens if no one is watching and something really exciting, in a good way, comes across twitter at 3:00 a.m.? [Here’s where I need everyone’s input.] What do you think about these levels?

Level Twitter Facebook LinkedIn Blogs
Monitor search.twitter.com search search Google Alerts
Listen RSS, tweetbeep Friends Ask Questions Blog roll
Respond 2-4 hours w/in a day w/in a day w/in hours
Develop Followers Group Group Blog
Expand Tweetchat Fan Page Discuss Guest Blog
Nurture Followers become advocates/friends Friends become friends Friends become partners Feature readers
Community Named and active Self-driven Autonomous Recognized

 

Pricing Social Media Marketing and PR Creative Services

Time is a huge factor here. Maybe that’s why there a movement away from traditional public relations. Personalized connections can rack up the time.

One source quotes the average cost of a PR retainer as $5000 to $6000 per month, with $10000 per month for an aggressive PR program. Another quotes beginning public relations retainers at $2000 to $5000 per month. A third source estimates social media marketing consulting averages $300 per hour with an average retainer that require 20 to 40 hours per month at a cost of $2000 to $4000 – a volume discount?

Throw all of that out and consider this: an agency is now getting thousands of placements online via one 140 character tweet that took a total of 90 minutes to craft – true story. Would you argue for or against this approach? Why?

So what’s the total investment for public relations and social media consulting? The answer: it depends. Having a proven system helps you and your clients target success. Have experience with mixing public relations and social media? Tell us how you manage the planning and set the investment.