Monday, November 10, 2014

FOMO for Businesses

“You should be on social media.”
“You have a Facebook page, right?”
“What about Twitter, you have to have Twitter!”
“Pinterest is so great.”
“Have you thought about Google+?”
“Everyone always forgets about YouTube, do you have anyone that can do video?”
“LinkedIn is great for B2B. You have a LinkedIn page, right?”


(Photo credit, Stelzner, 2014)

Facebook. Twitter. LinkedIn. Pinterest. Google+. Tumblr. These are just a few of the social media platforms available to marketers. It seems like there’s a new “it” platform every week. The latest platforms to join the mix are Ello and Snapchat. Users flock to these networks, sharing personal information, photos, and data. A company can build a loyal fan base and gain marketplace intelligence with relative ease (Stelzner, 2014).

“Marketers saw an increase of 74% in website traffic after devoting just 6 hours per week in social media (Costill, 2014). No wonder marketers are worried about missing out. But with so many networks, it takes too much time, manpower, and effort to maintain a quality presence on every site. Unless you’re a super conglomerate like Coca-Cola or Nike with thousands of employees and public relations/ad agencies on retainer, it’s nearly impossible to adopt multiple platforms (Glauberman, 2012).

That leaves marketers with some big decisions to make, mainly which platform is going to be the best value to a marketer’s company. Will there be a main platform and one or two offshoots? Or should the focus be on as many platforms as possible for fear of ignoring customers, thus missing out?

Marketers can’t always have the fear of missing out. There are so many platforms with so many updates that it’s better to have a select group of quality sites, than to spread a company’s presence thinner than paper (Costill, 2014). Quality over quantity.

Who is your target audience and where are they?
When evaluating each platform it’s important for marketers to keep in mind who their target audience is and where they currently are online. Are you B2B or B2C?

The Next Web as an easy to understand explanation of each major platform: (Chitwood 2014)
1. Twitter
Who should use it: Everyone – from individuals to the largest multinational corporations
What to share: Start, join, and lead conversations; interact directly with brands and customers
Post frequency: Multiple times per day
Twitter is the dominant democracy of the social-sharing economy. Relevancy, personality and brevity are the keys to making your voice heard.

2. Instagram
Who should use it: Lifestyle, food, fashion, personalities and luxury brands
What to share: Share visual content, including short videos (less than 15 seconds)
Post frequency: Once a day
Instagram invites brands with visual content into their customers’ zone-out time. Create and post content accordingly.
You’ll want to experiment with your own userbase and followers, but it’s likely that the best time to target your posts will be to get to your audience’s eyes during their commutes, nights, and weekends.

3. LinkedIn
Who should use it: Businesses (especially B2B service providers), Recruiters and Job-Seekers
What to share: Job-postings, company descriptions, employer/employee research
Post frequency: Two to four times a week
LinkedIn is the online analog to old fashioned networking. People – and connections to people – are everything
Keep a company description and profile page mindful of keyword SEO, but your network of employees and contacts is your most valuable (and potentially damaging) content on LinkedIn. Make sure people in your organization are appropriate, professional and on-brand. There’s nowhere online where employers and employees are more intimately linked.
Company seeking clients and individuals seeking employment should grow their LinkedIn networks by adding as many real connections as possible. Use your second and third-degree connections to request personal introductions (when reasonable), and weed out the Internet’s infinity of companies and applications, focusing on opportunities where you have some real connection.

4. Facebook
Who should use it: Everyone and their grandmas
What to share: All types of online content, events, ads
Post frequency: Once or twice a day
Consider advertising or paying to promote your page on Facebook, but don’t make your brand’s Facebook page itself look like an advertisement. Inspire conversations and shares – and be sure to ask questions.
Of all social networks, Facebook is best equipped to linearly share responses to a post asking a question or sparking conversation. Answers then appear in friends of your respondents, spreading the conversation.
Facebook offers personal connection and an enjoyable distraction amidst the work day, but use typically peaks outside of work hours. There’s no shortage of options for analyzing Facebook data. Track the success of your content by date and time to hone in on the best times for engaging your audience.

5. Google+
Who should use it: Brands already on the other major social networks, B2B networking, bloggers
What to share: More formal and professional than Facebook; Hashtags have major search value
Post frequency: Once or twice a day
As Google’s proposed alternative to Facebook, keywords and search engine optimization are central to the appeal of Google+. Link often to content on your own website to direct this search boost where you want it most.

6. YouTube
Who should use it: Brands with video content and ads, anyone giving explanations or sharing expertise
What to share: Short (less than 1.5 minutes) video content
Post frequency: Once or twice a week
Google treats its own well, and YouTube is the prime example of this fact. YouTube videos feature prominently in Google search results.

7. Pinterest
Who should use it: Fashion, food, design, travel and anything DIY; audience skews female by 4:1
What to share: Creative, visual content
Post frequency: Multiple times per day
Users pin and re-pin posts to Pinterest Boards, which naturally push the content on Pinterest into categories. This makes easily-categorized content most apt for sharing, and wisely-chosen keywords essential to successful post captions.
Pinterest differs from other popular search engines in heavily favoring recent content. Pinning and re-pinning frequently is necessary to appear within current results for a given search term, regardless of how popular your content is.

8. Yelp and/or Foursquare
Who should use it: B2C companies, brick-and-mortar outlets (especially stores, restaurants, and travel/tourism related), reviewers and bloggers
What to share: Location-based business search and reviews
Post frequency: Before your physical business opens and whenever information changes. Otherwise, at least weekly.
Share details about your business on an official company profile page. Monitor customer feedback related to your business, and respond to concerns raised in reviews. Consider it free promotion and advertisement (although paid promotions are also available).
Keep your information updated, and pay attention to keywords and SEO in crafting descriptions – Yelp listings in particular feature prominently in Google searches for local businesses.
On the consumer side of these B2C networks, reviewers and bloggers can use Yelp and Foursquare to grow their following. You can’t post a link in a review (Yelp with flag those and potentially suspend your profile), but you can develop a reputation for reliable reviews.

What is your goal and which platform will help you reach it?
When determining which platforms are going to be the most valuable to your company, it is important to identify goals and metrics that are measurable. Knowing these KPIs will help marketers to unearth trends and spot opportunities or uses (Lake, 2009).

Each platform has benefits that may outweigh another as pictured below (Nilsson, 2011). It’s about weighing the strengths and benefits of each platform and comparing them to the goals of your organization and the target audience.


Photo Credit: (Costill, 2014)
Time Management
It would be inefficient for marketers to be constantly on and posting to social media channels.  The time spent by marketers on social media is growing exponentially, with 64% of marketers claiming that they spend 6 or more hours per week using the platforms (Stelzner, 2014).



Photo Credit: (Stelzner, 2014)
This is where services like Buffer, Tweetdeck, Hootsuite and Facebook Scheduled Posts are very helpful in managing content and time. Using these tools, marketers are able to schedule posts to be distributed at a determined time. But marketers should be careful when using these tools. Auto-posting to Facebook decreases likes and comments by 70% (Constine, 2011).

Content vs. Conversation
There’s a long-standing debate over whether marketers should focus on content or conversation. Knowing that auto-posting hurts engagement, marketers should be aware of the need for quality content that is genuine. With social media placing a focus on engagement, should marketers place more focus on the content on our pages or on the conversation, or lack thereof, on each platform?

Personally, I am in the content is king camp. Content is going to draw different responses, leading to conversation. But if a company is simply posting the same content over and over on multiple platforms, the conversation will not follow (GoLocalProv Business Team, 2014).

Advertising Options
Marketers must also consider advertising abilities on the social platforms they select. In addition to updating content and links back to a company website, marketers have the option to invest resources into social advertising.  

While most social platforms are still testing their advertising, Facebook has an established program in place that helps to track engagement. Social advertising will continue to develop over time, but presently there are few systems that offer insights as detailed and cost effectively as Facebook.

In Conclusion
There is no golden answer for marketers when it comes to selecting platforms and creating content that drives traffic and engagement. However, it is important to select the proper social media channels based on resources and the target audience. Don’t let the fear of missing out put a damper on your plans. Let it inspire you to take full ownership of the few channels you select.


References:
Chitwood, L. (2014, March). The Next Web. “Which social media platform is best for your business?” Retrieved from, http://thenextweb.com/socialmedia/2014/03/05/social-media-platform-best-business/.

Constine, J. (2011, September 6). InsideFacebook. “Study: Auto-Posting to Facebook Decreases Likes and Comments by 70%.” Retrieved from, http://www.insidefacebook.com/2011/09/06/hootsuite-tweetdeckdecreases-feedback/.

Costill, A. (2014, June 4). SEJ. “SM101: Which Social Media Platform Should I Use?” Retrieved from, http://www.searchenginejournal.com/social-media-platform-use/108057/.

Glauberman, S. (2012, May 17). Content Marketing Institute. “Many Platforms, One Voice: How to Maintain a Consistent Social Media Platform.” Retrieved from, http://contentmarketinginstitute.com/2012/05/how-to-maintain-a-consistent-social-persona/.

GoLocalProv Business Team. (2014, November 10). Go Local Prov. “Small Business in a Digital Age: Social Media.” Retrieved from, http://www.golocalprov.com/business/small-business-in-a-digital-age-social-media.

Lake, C. (2009, October 30). Econsultancy. “media KPIs help to measure engagement.” Retrieved from,  http://econsultancy.com/us/blog/4887-35-social-media-kpis-to-help-measure-engagement.
Nilsson, J. (2011, April 29). SCRM Cloud. “The 16 best Social Media Management tools reviewed.” Retrieved from, http://www.joakimnilsson.com/reports-white-papers/15-social-media-management-tools-report/.
Stelzner, M. (2014, May). Social Media Examiner. “2014 Social Media Marketing Industry Report.” Retrieved from, http://www.socialmediaexaminer.com/SocialMediaMarketingIndustryReport2014.pdf.



Monday, November 3, 2014

Key Word: Engagement, Engagement, Engagement

Engagement, engagement, engagement. As marketers, we hear it everywhere. From social media to email marketing to web analytics. It’s everywhere and it’s everyone’s favorite word – and it’s important! It’s probably such a “buzzy” term because it’s such a vague term. It’s easy to ask about Bounces, Page Views per visit, and Page Exit Ratios, but it’s not all about the cold, hard numbers. For the purposes of this blog post, the focus will be on how engagement relates to web analytics.

It’s different for each and every company, all websites are different, visitors will all interact differently with each site, and different actions represent different things for Visitors on different sites (Darby, 2010). This leaves us with decision of what we, as marketers, have deemed important to measure. What’s going to be important to us and how are we going to understand the numbers we’re looking at?

But before we decide what will be important to us, marketers need to understand that engagement is difficult to define because it’s both qualitative and quantitative. The Time on Site could be through the roof – which could be good or bad. Maybe there is interesting data on a website, or maybe visitors are simply unable to understand that data they’re seeing.  It’s impossible to tell if a user is having a positive or negative experience unless they decide to pick up the phone and call us (or take one of those online surveys), which is why engagement is more focused on the degree of it (Kaushik, 2010).

It’s important for us to know that numbers don’t tell the entire story. They help to lay the foundation, but they don’t have all of the answers.

For example, in 2010, Philly.com used the following formula to analyze their web traffic with an “engagement index” that attempted to differentiate return readers from fly-bys (Beckett, 2010). Here’s what their senior data analyst uses:

Photo credit: Neiman Lab

Very complicated, but nonetheless interesting. They have taken the approach of not relying on the number of visitors to the site, but the number of visitors that are “engaged” with the content. Their analyst also revealed that users referred from social sites were much more engaged with the website than users coming from search engines (Kiesow, 2010).

The Tampa Bay Times has decided that such a complicated formula would not work in their favor and simply measures, “…registration numbers and their brand index, or how many people come to the site through a bookmark or by searching for terms like “St. Pete Times” or “tampabay.com.” (Beckett, 2010). Sometimes it comes down to manpower and resources available to marketers. Also, it hinges on what type of engagement an organization is looking for – and it can’t just be clicks.

It brings us back to the point that marketers are the ones that need to understand that engagement can be measured in a multitude of ways, because there is no correct answer as long as the numbers being returned are so qualitative. What do you think, should there be a hard formula for determining engagement, or is it something that should be taken on a case-by-case basis?


References:
Beckett, L. (2010, October 26). Nieman Lab. “Getting beyond just pageviews: Philly.com’s seven-part equation for measuring online engagement.” Retrieved from, http://www.niemanlab.org/2010/10/getting-beyond-just-pageviews-philly-coms-seven-part-equation-for-measuring-online-engagement/.

Darby, P. (2010). Convince&Convert. “The Hitchiker’s Guide to Tracking Website Engagement.” Retrieved from, http://www.convinceandconvert.com/digital-marketing/the-hitchhikers-guide-to-to-tracking-website-engagement/.

Kaushik, A. (2010). Web Analytics 2.0 [THE ART OF ONLINE ACCOUNTABILITY & SCIENCE OF CUSTOMER CENTRICITY]. Indianapolis: Wiley Publishing, Inc.

Kiesow, D. (2010, November 22). Poynter. “Philly.com creates “reader engagement index” to track site performance.” Retrieved from, http://www.poynter.org/media-innovation/media-lab/social-media/106892/philly-com-creates-reader-engagement-index-to-track-site-performance/.



Content Marketing is All About Conversion

Image from: boingnet.com


Content marketing has become a major player as social media has taken a bigger seat at the media table, putting consumers in charge of media consumption. It’s become so successful that the average marketer puts about 40% of their budget towards content marketing (Peterson, 2014).  Content marketing includes everything from brand publishing, branded content, native advertising, sponsored content, and brand journalism (Contently, 2014). It’s on social networks, online news sites, and regular websites in the form of infographics, webpages, podcasts, videos, and books (Steimele, 2014). Basically, the majority of the media that people are exposed to on a daily basis. As we’ve all heard: Content is King.

With marketers spending so much time, money and effort into content-based marketing, conversion on our websites is important. Conversion rate is defined as the “…percentage, equals Outcomes divided by Unique Visitors during a particular time period.” (Kaushik, 2008). Gone are the days when marketers are only concerned about clicks - even Facebook has moved on from simply counting clicks. Now it’s all about conversion. Are visitors buying, signing up, or acting on the content that is being pushed? What is the ROI on content? It’s about making the extra effort worth it, thus leading to action on the visitor’s part.

We don’t have to sit behind our desks and wonder if our content is getting through to site visitors thanks to web metrics. We have the science to adjust our content if it is or isn’t working.

Although, there is discussion of whether marketers should measure with Unique Visitors or Visitors (Kaushik, 2010). Do we want to allow visitors to repeatedly come back to our sites before taking an action, or are we counting every single opportunity as a chance for an action? According to Kaushik, it’s a business decision – personally I think the metric should be using Unique Visitors if not for the fact that people like to research. Just think about buying a car and how much that process has changed. When people come to the car lot they already know what features they want and can get, and what price they should be paying.

So how can marketers make conversion happen with content marketing? It’s not easy, and there is no set formula that guarantees success. However, it starts with a greater understanding of the organization’s audience. Knowing who core customers are and what they are interested in, particularly buying habits. With a greater understanding of the audience, identify the channels for pushing content. Determine the type of content that will work best for that channel and how that will help to return the best value (DeMers, 2014). Obviously a placement on Buzzfeed will vary greatly from an article on The Atlantic.

At the end of the day, content marketing is about getting users interested, and getting them to come back and take an action. What do you think is an important factor in getting content marketing to lead to positive conversion rates?


References:
Contently. (2014). Contently.com. “State of Content Marketing 2014.” Retrieved from, http://contently.com/strategist/wp-content/uploads/2014/04/Contently_SCM-Revolution-2.pdf.

DeMers, J. (2014, October 1). Forbes.com. “5 Steps to Boost Conversation Rates Through Your Content Marketing Strategy.” Retrieved from, http://www.forbes.com/sites/jaysondemers/2014/10/01/5-steps-to-boost-conversion-rates-through-your-content-marketing-strategy/2/.

Kaushik, A. (2006, July 31). Occam’s Razor. “Excellent Analytics Tip #5: Converstion Rate Basics & Best Practices.” Retrieved from, http://www.kaushik.net/avinash/excellent-analytics-tip5-conversion-rate-basics-best-practices/.

Kaushik, A. (2010). Web Analytics 2.0 [THE ART OF ONLINE ACCOUNTABILITY & SCIENCE OF CUSTOMER CENTRICITY]. Indianapolis: Wiley Publishing, Inc.

Peterson, T. (2014, October 14). AdvertisingAge.com. “So You’re Made Some Content, Now What Do You Do With It?” Retrieved from, http://adage.com/article/news/content-made/295363/.


Steimle, J. (2014, September 19). Forbes.com. “What Is Content Marketing?” Retrieved from, http://www.forbes.com/sites/joshsteimle/2014/09/19/what-is-content-marketing/.