The Blog and Pony Show

Archive for the ‘Social Media’ Category

Amanda Koenn - 2:24 pm April 15, 2013

ROI of Social Media – Can you Measure It?

This has been a very hot topic with the ever increasing interested in Social Media for businesses.

Social Media is an opportunity to get on someone’s radar and let that person know you’re cool, smart, funny, interesting and valuable to have around. Continuously providing valuable content keeps people coming back, increases trust in your brand and attracts visitors to your website. Once people get to know you better, they may even tell their friends about you!

That’s the value of social media – the potential to create a new relationship where there wasn’t one before. And then the ability to repeat that process over and over.

Coming up with the dollars and cents of your campaign is virtually impossible to nail down because there is guesswork involved. But, you can look at your analytics to see the number of referrers on your site that came from Twitter or Facebook or the amount of coupons given away in a Facebook offer. You can also look at trends. For instance, did your website experience a spike in traffic soon after you posted on Facebook?

Like any other marketing tool, social media requires strategy, planning, content development and continuous monitoring. If you’re thinking about launching a social media presence then it is imperative you get educated on the various tools and methods that are available or hire a professional to help you handle it.

Ben Lee - 9:13 am January 24, 2013

Is Social Media a recipe for success for B2B?

Recently, there has been a lot of talk about social media. But does it work for B2B companies? It seems anytime social media is mentioned in B2B circles, people scoff because they have this preconceived notion that social media is all about teenagers and Facebook. Wrong!

Little do they know, studies have shown that B2B companies with an extensive social media presence report ROI more than four times that of companies with no social network engagement. Think LinkedIn, online communities, surveys and YouTube demos.

With these kinds of results, you would think more B2B executives would be on board—but they’re not.  In fact, almost 43% of B2B CEO’s never even considered social media.

Why not? Maybe it’s because B2B buying decisions are bigger than most B2C decisions.  Maybe it’s a risk-averse reaction to reputational concerns and online relationships. Clearly extensive research must be done before any major purchase is made.

Ironically, social media can aid those B2B decisions.  Social media allows for engagement between individuals and it humanizes a company—it can help establish and deepen relationships with customers and vendors. Having the power to receive instant feedback and answer questions or concerns with a potential client should be reason enough to give it a try.

Not to mention, all of the different social media platforms will help improve your search engine rankings on Google.  I would say that’s a serious perk.

Josh St. Aubin - 11:42 am December 6, 2012

Social Media Isn’t a One-Night Stand

Many brands fail in the social landscape because, while customers are looking for a long-term relationship, brands are looking to score right away. In many ways, social media is the courtship phase of a new relationship. You have to focus on listening and getting to know the other person – what they’re looking for in a partner, their wants and needs. It’s understanding what they’re looking for from you, what they expect from you, to keep the relationship alive for the long run and not just what you’re willing to do today while everything is still fresh and new. It’s giving without asking for anything in return. You can’t build a solid foundation for a relationship by constantly asking for favors. You have to send flowers, open the car door and watch the occasional chick flick. You can’t just show up in a beer stained tank top with a bag of pork rinds and expect her to fall all over you.

Gary Vaynerchuk explains it as, “Everyone in social-media marketing is acting like a 19-year-old. You’re trying to close on the first transaction. Too many businesses are looking for rapid monetization from their social-media marketing efforts, acting like a hormone-induced teenage male with his prom date. Instead, take it slower.”

Although the comment that “content is king” has become very cliché, it’s still one of the most important aspects of beginning a new relationship through social media. These days, there are far too many options in the world to just settle for mediocrity. There has to be something of substance there, something that your customers can embrace or find value in, that make entering into that relationship worthwhile for them. You have to earn that “Like” or “Follow” – they’re not just going to give it to you. Personally, I check the feed to see their past history – what kind of content they have put out previously and how often they make updates. Do I find value in entering into this relationship? Believe me, your customers are doing this too.

Don’t think you can just coast after entering into this new relationship – it’s up to you to maintain it. Keep the fire stoked and the intimacy alive. Give your best, give often, listen, respond and stay active in the conversation to show you care more than you demand and you’ll be amazed at how much more willing your customers are to give back once you finally ask something of them. Learn from what they like, share and comment on, and adapt the conversation accordingly, but be genuine. Don’t be afraid to reach outside of your comfort zone and give them access to the part of your world that not everyone gets to be a part of.

To be successful in social media, you can’t monetize every click, or focus on the ROI of every impression. Understand that many people will already have preconceived notions of what you expect based on their past relationships with other brands. Maybe they’ve experienced a needy brand that bombarded them with requests or was burned by another that never listened. Be different. Don’t focus on immediate results, but remember that you’re building value, retention and a life-long relationship. Take it slow and the prize will be sweeter. These are your brand ambassadors and hopefully your life partners.

Schifino Lee - 9:21 pm March 16, 2012

Follow us on Pinterest!

Just like the rest of the world, we have taken an interest in Pinterest! This invite-only website hit 10 million U.S. monthly unique users faster than any independent site in history and has increased their daily users by 145% since the start of 2012. And this mega hit website is run by just 16 employees. We hope their coffee pot is never empty.

So what exactly is Pinterest? Simply put, Pinterest is organized randomness. It is a random assortment of images and videos called “pins” that are shared by users who organize their own pins into categories called “boards.” Currently, the most popular topics in the U.S. are crafts, gifts and special event items, hobbies and leisure, interior design, and fashion designers and collections. The real genius behind this site is each photo is linked to a website where the pinner grabbed the photo from. If you click on a gourmet pasta dish, you will most likely be taken to a website that lists the ingredients and recipe. If you click on a gorgeous little black dress, odds are you will land on a website where you can add it to your shopping cart. Anything that you can imagine – from painting your house to organizing your wedding – is pinned and repined thousands of times each day.

Pinterest’s mission statement is to “connect everyone in the world through the ‘things’ they find interesting.” and companies are starting to take advantage of this site to promote their own products and information about their company. For example, Chobani yogurt has 18 boards where they post everything from breakfast ideas to exercise inspiration to creative photos of Chobani-based dishes. It is like advertising without the overwhelming, “THIS IS AN ADVERTISEMENT” message and feel being pushed at you.

We decided to give it a try! Schifino Lee recently created an account and has created six boards to showcase our advertising and PR work across all media. Make sure to check us out! http://pinterest.com/schifinolee/

Schifino Lee - 2:59 am October 5, 2011

Social Media vs. So What Media

Fantastic Adweek piece (http://www.adweek.com/advertising-week/are-we-cusp-social-blindness-135427) points out that most marketers treat social media as if it were cheap broadcast media.

Audiences are tired of that. Businesses need to create relevant content and participate in genuine conversations – not mindlessly use social media with a short-term transactional mentality.

True social media is about building an emotional connection, not selling a transactional promotion. The best news comes at the end of the piece. When brands do the right things with social media, it is a powerful way to build equity and create measurable value.

We would love to learn from your experiences… Who is creating social media that is authentically social, and who is churning out social media that is merely “so what media?”