2012: Think Social Business, live Community Centric Strategy

2011 was a great year for Social Business!

Social Business got the right attention and awareness. And those companies which thought that “social trend” might go away, found themselves in business meetings, workshops, seminars, webinars with me, or conferences where people gave me the honor to be the moderator. After all, the feedback was such that I can definitely summarize the 2011 Social Business success with the opening statement.

What happened in terms of Social Business in 2011 and what is the outlook for web marketers in 2012…?

Well, first of all companies spend more time and resources understanding the challenge Social Media and Social Networking from a business perspective. We got the proof that European bosses don’t have to be persuaded to see the benefits of Twitter, that Social Media is a big internal topic, and that Social Business is critical to future business success.

ROI aspects are still key for Social Business performance. Nevertheless CMO’s were often lacking the right plan even for their Social Media efforts – and often CEO’s doubt their business credibility.

Job offerings spread around Europe, although sometimes clients asked me whether the offering is correct from a capabilities point of view. Often these openings were meant to be Social Business, in terms of a team-orientated or community-centric positions, but ended up being a “one-man-show-responsibility”: the Social Media Manager – although we all know about the importance of a multi-layer framework to set up a proper Social Media strategy.

From a client perspective companies were still very much in the broadcast or advertising mode. And the perception gap could easily be made out. Although communities were their targets, and many companies and brands tried their best to generate engagement around their business, many of them were still in an advertising scenario and mindset, instead of trying to think about change management in terms of culture and people.

Ultimately, companies have a massive opportunity in 2012 to change their perspective and become Social Business driven with the right teams…
- Teams that work with customer market intelligence.
- Teams that scale the business with social commitment.
- Teams that crave content for leadership and insights.
- Teams that understand business touchpoints in new context.
- Teams that leverage synergies between companies and brands with an appropriate plan.

And these teams don’t work internal or external. These teams group together cross-channel through Community Centric Strategy by understanding the 5C’s as the engines of Social Business: Competition – Commitment – Content – Context – Collaboration.

Finally, Google+ started listing brand pages in organic search results. One of my successful posts from November appears in the first page of the organic search results (see picture last entry).

Status updates will become a game changer in the social ecosystem and boost brand awareness. If companies and brand are blogging they should consider this in their SEM/SEO and keyword strategy when posting your topics on Google+. Marketers should consider this and watch out if this should not affect Facebook and Twitter marketing activities. Maybe it is time to invest more in content marketing…

Spot On!
All roads might lead to Rom – not many to lead to a Social Business. Companies that will work with the Community Centric Strategy in 2012 can close the perception gap between consumer and customers on their journey to companies. Social Business is about people and culture. The 5C’s of the Community Centric Strategy is a new way to Rom… but it will leave the “customer chariot” at home.

Study shows: Customers are social, Brands not…!

The IT company IBM were the first to make brands aware of the perception gap between what customers want from brands on Social Media, and what companies see as necessary. Some new studies from the Chief Marketing Officer Council and Lithium make clear that this perception gap widens.

What customers want…
The CMO Council asked 1,300 customers from around the world in a multiple-choice study. They discovered that 67% followed or liked brands to receive discounts and special offers. 65% replied that they connected with brands in order to get access to games or competitions while 60% want to connect with other customers.

What brands see…
The astonishing fact is that when the same survey was held with 120 CMOs (chief marketing officer), the results showed similar figures with the IBM study: Only 33% of the CMOs believed that their Social Media fans and followers were engaging with the brand for some kind of incentive or reward. Even more, just 27% understood that their customers were after exclusivity in terms of experience and savings.

Spot On!
Social Media is not a top three priority for one in ten CMOs. The reason is not changing for years probably. 67% said a lack of time and resources makes up for their poor efforts. This is even more amazing when we consider that 72% of the customers use Social Media to connect with brands. AND: 80% are more likely to try a product based on a friend’s recommendation on Social Media, which probably means a Social Network. There is no explanation that could make sense for this Social Media ROI (=Risk of Ignorance).

PS: This little infographic illustrates the digital divide between customers and brands.

CMO’s studies: Yes, Social Media is key! – Can someone gimme a plan on “Social”…?

CMO’s and marketers all over the world and across industries understand the increasing value of Social Media in (their) business. However, I sometimes wonder whether they really recognize how to use Social Capital and Social Business effectively.

How did I get this view…?

Well, studies show me the reality… and many seminars and webinars open eyes. Today, I came across two studies which might illustrate what marketers and CMO’s need to get their heads around. If they are good, they create brand advocate programs, if they act badly consumers will see brands as boring, poor, and even worse… not obeying the rules of social business. And today brands cannot miss out on “Social”. That is a fact, CMO’s understand…

Market Research vs. Social Research
In one of the latest IBM studies of 1,700 chief marketing officers from 64 countries and across 19 industries, 82% of CMOs stated that they will increase their use (or budgets?) of Social Media over the next three to five years. The flipside is that just 26% are currently tracking blogs, 42% are tracking third-party reviews and 48% are tracking the consumer reviews which might help change their market positioning, their marketing insights, their marketing programs. Let’s take the qualitative aspect of Social Research first.

From a quantitative research perspective, 80% rely on market research and corporate benchmarking to rely on as their primary sources for market insights. Obviously, most companies also obey other “non-social” monitoring tools to value the development of their business: 68% use sales campaign analysis for strategic decision making.

In the end, it comes down to numbers. 63% of CMOs believe the ROI on their marketing invest will be the primary measure of effectiveness by 2015. However, almost half of respondents don’t feel prepared to satisfy those business figure aspects. The reason is obvious: CMOs often don’t have enough influence on radical company-wide change processes. Over half of responding CMOs stated they have no impact on pricing process and even less have any impact on new product development or retail channel selection.

Community and Brand Reputation
On the other hand, another new Weber Shandwick study found out how companies understand and plan their social efforts. So, why are some marketers more social than others?

The challenge is to find the key tactics with best possible metric efficiency. Most marketers know about the impact of the 3 “r’s”… reviews, ratings, recommendations on their business efforts. 52% attribute their brand reputation to their online social presence. And even more, 65% project online sociability will boost their reputation in the next three years. However, I would doubt if they act accordingly.

Today, Social Media is part of CMOs marketing mix. The question is, why only 16% consider their efforts as “world class”. This study also makes clear that marketers have trouble establishing clear goals for their social media strategy. Finding the right KPIs is essential. No wonder, companies state they are not well-prepared for the social future in terms of effectiveness. Most o fhtese companies don’t really integrate their social engagement into their enterprise processes.

Spot On!
CMO’s and marketers need to get insights beyond traditional market sources like page impresions, click-throughs and superficial numbers like fans and follower. The good spot is that 54% of global executives experience rewards to outweigh risks – versus 23% the other way round, and some European bosses even focus their attention preferably on Twitter. Although, C-level often does not know how to leverage Social efficiency. The community gives input on the value of products, services and preferrences. When did we have that years ago?

Somehow, marketers are in a poor position as they are working in the transition period. Top down target-group thinking is out, community centric thinking is the future. In some day, we will publish a new strategic theory on this at the IBM JamCamp. Nice coincidence…

Study: Three mindsets of search categorize peoples’ seach mode

According to a new study conducted by the New York Times Co.’s About.com in collaboration with Latitude there are three kinds of search behavior: “answer me,” “educate me” and “inspire me”. Thus, the study identifies some distinct human behavior search patterns which will help marketers connect and understand the target groups they are heading for.

So, how do these three search pattern types differentiate in the study that surveyed 928 Americans, age 21 to 54 with household incomes of $50,000 or higher?

“Answer me” searches accounted for 46% of all searches, the study found. People searching in this mode simply just want exactly what they ask for. They don’t want any value add. Their typical search is looking for beauty, fashion and entertainment.
Advice for marketers: The option to capitalize on an “Answer me” moment by featuring product benefits front and center, in addition to aligning content that presents quick, easy-to-find answers, offers a massive opportunity to marketers to generate leads.

“Inspire me” searches accounted for 28% of all searches. This is the typical browsing mode. Usually, people in this mode look for travel as well as home and garden.
Advice for marketers: For those consumers in the “Inspire me” mindset, creativity and different inspirational information sources will be wanted by consumers.

“Educate me” searches accounted for 26% of all searches. People searching in this mode expect to find multiple perspectives on a topic. The top categories of most interest are health and finance.
Advice for marketers: In the “Educate me” the contextual search mode marketers offer might help consumers with creating informative, multiple messages.

From a brand marketer’s point of view, the study explains that ads can be relevant to search. When nearly 90% of respondents “enjoy when brands stop trying to sell you something and focus on teaching you something,” this tells them that putting your bets on search is defenitely not the worst tactic.

Furthermore, most respondents agreed on search advertising terms…
- the best ads are the ones that work with the information source to help you get what you need (88%)
- that ads can be useful when they are very relevant to their search (77%)
- that ads have helped them find great options, deals or discounts (64%)

Spot On!
However, marketers can take their advantage from this study, being successful with the findings is still a challenge. What is the best way to identify in which mode a user is? The easiest option will probably be to have some ads for each of the categories. Still, this means to have the right content when consumers are clicking through to the landing page. If you think about it, you will understand why content marketing is seen as a major trend from CMO’s.

Content Marketing – Insights in an emerging digital topic for CMO’s

This week, the Custom Content Council and ContentWise released their American survey “Characteristics Study: A Look at the Volume and Type of Content Marketing in America for 2011” that indicates the future for a young type of branding: content marketing. The study states that CMO’s are spending an all-time high of $12.5 billion of their budgets in emerging platforms for custom content marketing with virtual events, mobile, video, and educational content.

The platforms for content marketing are still ruled by a $24 billion spent on print production and distribution. It shows the relevance of print for their marketing activities. CMO’S dedicate 29% of their average overall marketing, advertising and communications budget to content marketing activities. Those custom content products and platforms are becoming increasingly important to chief marketing officers. The study reveals that 87% see content marketing is valuable, and more than one-third of CMOs (35%) believe custom content marketing is the future of marketing, an increase by 19% in 2006.

“While print remains the choice du jour for most custom media programs, new media channels are providing more growth opportunities for the custom content industry” (…) “This year’s study underscores multiple expansion areas for content. As the economy continues to rebound, the future of content looks very promising.” Lori Rosen, Executive Director, Custom Content Council

Some further key findings of the study are that for example video content is growing: 57% of marketers will produce video, (increase of 3% to last year). Website and blogs are still on of the main topics CMO’s are focussing on next to print custom content marketing formats: Website updates of articles, blog posts and other content is for 79% the main activity.

Spot On!
Consumers seem to value the custom content from brands and companies. 69% like when custom content marketing targets their interests and 67% see it is valuable. An even more important finding for me is that 61% admit they feel better about brands when these deliver custom content. AND: These consumers report to be more likely to make purchases with these brands and companies. Marketers should pay attention to this development of the power of digital content marketing, especially as content curation will affect their SEO strategies of their social web activities acording to a study by Curata. Although probably most CMO’s agree with these motivations, more than 73% also admit that creating original content is the main challenge for marketers. There’s obviously a lot that content marketing could do for brands and companies in the future. As money seems to be made available by companies, it’s just depending on the usual bottle-necks: people and time.

News Update – Best of the Day

All marketers want to know what the best social media campaigns were. Forbes has created a picture list which I would partly agree with… Asking myself why there is no B2B campaign in there. Any answers… and which campaigns would you have chosen?

Yesterday, I was asked the question, if Social Media is there is a life after Social Media. I answered: “Well there was a life after Second Life!”. Second Life is still here, only that the hype and popularity has decreased. Social Media will become part of our lives without us even thinking about the term in the future and is definitely here to stay. Eric Sass wrote about some historical development comparison on telephone lines and telephones compare with the social media revolution, including US and Canadian studies that undermine the statement…

What is the secret of a viral? “Hot Babe + Skimpy Clothing + Doing Something Really Stupid = Viral Video” writes Dan Neely in his . Dave Powers shares a different view and also keeps business expectations realistic for “The future of social media”…

Eine Ära endet – Auf zu neuen Ufern

Vor 10 Jahren habe ich mich entschlossen, mit silicon.de an der Zukunft des modernen Publishing zu arbeiten. Am Freitag hat sich „Mr. silicon“, wie ich oft genannt wurde, von seinem Team verabschiedet und wird sich der Zukunft des Social Web widmen. Es ist Zeit für einen kurzen Rückblick…

Ein Rückblick
Vieles an der ursprünglichen Vision des IT B2B Mediums silicon beweist heute vom strategischen Ansatz (Closed Front-Door, Community Building, Personalisierung) seine Richtigkeit. Viele Ursprungsgedanken sind heute noch umstritten und zahlreich diskutiert wie vor 10 Jahren (Paid Content oder Paid Service?). Und vieles war seiner Zeit auf technischer Ebene weit voraus (z.B. Web Business TV). Auch sind die freien Zugangsoptionen zu externen Communities oder Web-TV Inhalten in Unternehmen selbst heute mit XING, LinkedIn oder Facebook nicht unumstritten. Die Vision war da, der Markt reformiert vieles im Laufe der Jahre.

Zum Anfang möchte ich einmal Danke sagen. Danke an alle, die dem silicon Team und mir viele tolle und spannende Jahre bereitet haben. Unsere Kunden und Agenturen möchte ich da als Erstes erwähnen. In guten Anfangsjahren (2000) haben sie uns das grundlegende Vertrauen geschenkt (vor allem IBM und Intel) und in schweren Zeiten (Management Buy Out 2002) an uns geglaubt (z.B. HP und Oracle). Und in boomenden Jahren haben sie mit uns (u.a. Symantec) tolle Projekte gestartet wie z.B. den Security Drive mit Porsche und AUDI (2005).

Bei unseren Lesern haben wir uns auf unsere eigene Art bedankt. Indem wir immer unsere Kunden mit einbezogen haben und den Kontakt zwischen Anbieter und Abnehmer sowie die Verbindung zwischen Offline und Online (nicht umsonst Credo dieses Blogs) immer im Fokus behielten.

Unsere Leser durften die etwas unsanft endende Fahrt eines Königsegg Testfahrers am Hockenheimring live miterleben. Ja, passenderweise beim Security Drive! Nein, ihm ist zum Glück nichts passiert. Oder sie durften nicht unbedingt ausschließlich Business-orientiertem Networking beiwohnen bei der IT Tipp-Kick Fussball WM im Unterhachinger Stadion (2006).

Neun Jahre lang haben unsere Leser die Chance gehabt, bei einem der von mir ins Leben gerufenen silicon.de Golf Masters mitzuspielen – sei es als Einladungs- oder Charity-Turnier. Dabei wurden zahlreiche Golfbälle ins Tegernseer Tal des Golf-Club Bad Wiessee verstreut und so mancher Regenwurm aus seinem sanften Schlaf gerissen, wenn der Schläger mal wieder nicht so wollte wie der Spieler.

Natürlich geht mein Dank aber vor allem an meine silicon Kollegen, die mich teilweise viele Jahre begleitet haben, silicon teilweise immernoch treu sind und mit denen ich ein tolles offenes, kollegiales Management-Verhältnis 2.0 gepflegt habe. Ihr seid „1a“ und habt verstanden, was investigatives Publizieren heißt. Macht weiter so!

Ja, man könnte viel erzählen über die gute alte Zeit, aber ich glaube, nun ist genug Sentimentalität geflossen. Nochmal Danke an alle!

Ein Ausblick
In den letzten Jahren habe ich mich in meiner Freizeit und zahlreichen Nachtschichten im Selbststudium sehr intensiv mit dem modernen Business-Web auseinandergesetzt. Dabei ist mir aufgefallen, daß unsere silicon Vision in verschiedensten Formen in der Webwelt immer mehr Einzug erhalten hat.

Social Networking mit Closed Front-Door ist Community-Standard geworden. Bannerformate, die silicon vor 10 Jahre hatte, erleben ihre perfektionierte Rennaissance auf Facebook. Modelle für Bezahlte Inhalte fangen langsam an zu krabbeln. Und ohne Web-TV kann man sich die Onlinewelt nicht mehr vorstellen. Es fehlt: Personalisierung – und zwar beim derzeitigen Information-Overflow an allen Ecken und Enden. Vielleicht ist das ja gerade der Schlüssel zum Paid Service?! Und es fehlt mir eine Personal Web Manager, den ich für den Manager der Zukunft als unerlässliche Unterstützungsnotwendigkeit sehe.

Was hat der Meyer-Gossner eigentlich in der Zukunft vor? Ja, diese Frage ist berechtigt und wurde mir schon am Wochenende des Öfteren gestellt. In den letzten Jahren sind viele Menschen auf mich zugekommen mit Fragen zum Webbusiness, zum Markteintritt eines Produktes, zur Online-Kommunikation, zu neuen Tools, Taktiken und Trends.

Märkte sind Gespräche!

Als geborener Networker habe ich bestmöglich versucht, diesen Menschen zu helfen, Kontakte herzustellen und neue Denkanstöße zu liefern. Ich habe erlebt, was es heißt, seine Gedanken zu teilen. Und ich glaube fest an das „Web des Geben“ (Wer gibt, bekommt auch etwas zurück).

Meine Gedanken gehen in verschiedene Richtungen: Entwicklung neuer Vermarktungsprodukte, Web-Business Strategie-Beratung und ein neues Social Business Medium. Vielleicht alles unter einem Dach?!

Es ist Zeit, das Thema Webstrategie verstärkt in die Unternehmen zu bringen, Social Web Aktivisten und Visionäre für Unternehmen attraktiv zu machen, moderne Tools für Unternehmen zu bündeln, der Webvermarktung einen neuen Anstrich zu geben und damit Investoren zu begeistern. Wer sich bei einem dieser Punkte angesprochen fühlt, der wird sich mit mir in Verbindung setzen.

„Reden ist Online, Schweigen ist Print.

Auf zu neuen Ufern…!

Study: The importance of cross-channel sales

Most companies wonder how the purchase funnel looks like when consumers evaluate products they think about buying. A recent study from ATG helps: 30% of consumers reach out to more than three commerce channels to research a product and make a purchase. This shows that retailers and merchants need a broader cross-channel approach to boost sales and enhance customer purchase decisions.

The consumer study found that more than three-quarters of consumers use two or more channels and nearly one-third work with even three or more channels to research and purchase products. While we have all expect that mobile use and social media find their way into consumers’ online commerce activities, it is surprising that traditional catalog channels are still popular.

“Merchants have heard the call for a stronger cross-channel strategy for many years, but what has been lacking is a deeper explanation about why this is so important. We are seeing a multi-channel revolution now, with a vast majority of consumers using multiple channels and now almost one-third actually relying on three or more channels to complete transactions. Retailers must direct their energy toward fulfilling the unique role and sales potential of each channel. This research illuminates the expectations consumers have for the Web, call centers, the store, catalogs, and email.”
Nina McIntyre, Senior Vice President Marketing and CMO, ATG

The key findings of consumers’ cross channel experiences…

- 78% use two or more channels to browse, research and make purchases; 30% said they use three channels or more

- 78% of all consumers say they use catalogs to browse and research products or services at least four times a year BUT 40% of those consumers never purchase products or services through catalogs.

- 43% start their research online or with mobile devices. BUT They need to call customer service or call center representative to complete the transaction because the product or service information cannot be found online!

- 39% browse via the online or mobile channel and then make purchases in the store because they prefer to touch and feel the product – reason for 36% is product and brand comparison

Interesting findings on mobile commerce (emphasis on the 18-34 age)…

- 27% of all consumers 18 and older use their mobile devices to browse or research products and services at least four times a year, and that number jumps to 41% for the 18-34 year-old age group

- 13% of all consumers 18 and older and 23% of the 18-34 age purchasing at least four times a year via their mobile devices; 8% of the later are doing it weekly

Spot on!
The study highlights how important it is to link online and offline sales communication and give the customers the same purchase service in multiple channels. It will always be difficult to understand where customers make their final purchase decision and where they finally buy though. This additional study by Google underlines the trend for an offline and online purchase decision mix. One things is for sure again: The need for more awareness around the incorporation of commerce activities in social networking sites like Facebook, MySpace, and Twitter is gaining momentum.

News Update – Best of the Day

Which web tools should a company use for their b2b purposes? Kipp Bodnar created an interesting list of 10 tools that seems to be quite relevant.

Although cheat sheets are not the best way to start business processes, this one by Drew McLellan gives some nice orientation on the impact of social networks on customer communication, brand exposure, traffic to your site and SEO activities how to use social networks for business.

The new public toilet cleaning system by CWS keeps people away from bad illnesses – and habits. If you watch this funny video, you will believe me…

COCA IN BAGNO NO!!!!!!!!!!!!!!!!!GOOD VIDEO – Free videos are just a click away

LinkedIn – The importance of using invitation texts

In the last months, all social business networkers on LinkedIn have shared the same experience. They have received different invitations from people all over the world with the following invitation text…

“I’d like to add you to my professional network on LinkedIn.
- Surname Name”

Short, targeting, and easy to understand – for everybody all over the world. Hmmmm….?!

This raises some questions in my head on the importance of invitation texts. And I would appreciate your views and get some feedback of people who also use LinkedIn for social business networking.

Personalization
Is it ok to use the standardized version of the invitation text by LinkedIn? We are all marketers and we know that personalization is key. So, isn’t it better to re-phrase the standardized text version and write a short PERSONAL message?

Curiosity
If somebody is not writing a personal message, is it a sign that this person wants me to respond to him/her, and ask WHY this person wants me in his/her business social network? Even think about the impact on playing a psychological game on hierarchy thinking. Or is it just the peek a boo effect? Or is it just a hunters and collectors business?

Test
If somebody leaves the standardized personal message, the contacted person might think this is a TEST on his/her social networking capabilities. So, companies might check how serious job applicants take social networking, how quick potential employees respond, or how much somebody is engaged in social media in general. Or just to test if this person understands effective lead generation?

Spot On!
Should not LinkedIn change its service? The one who is contacted cannot see what the contacting person has ticked in the box in terms of the business relationship, he or she is referring to.

What is your view and experience on invitations by social networks – especially from a business perspective.

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