Hey Doc, Don't Be Like Joe
Facebook Updates: Your Brand
Like it or not, the new features unveiled at F8 will change the way you share and receive updates from your friends and connections. But Addie McGowan and Brittany McManus of Bigfish were wondering, “What does this mean for businesses?” So, here we go:
The change may mean nothing new to those who subscribe to Bigfish's Participation Age philosophy as it is applied to marketing on social media platforms. However, the changes will enable tactics that move your social marketing to an entirely new level. And brands that don’t “get” it will be weeded out.
The changes present a new era of accountability for brands. They will be forced to step up and truly give themselves away to their customers. If they don’t, they’ll be “hidden” and forgotten in the realm of the Newsfeed.
Here are three F8 changes and what they mean to brands:
1. Ticker and Newsfeed: These two features offer a second chance to reach people. Now that users can control their own ideas of “newsfeed optimization,” your content needs to keep them interested. If your post doesn’t end up in their newsfeed (as most don’t), you now have a second chance to grab their attention with Ticker. Last week, Zuckerberg explained Ticker as a way to de-clutter the newsfeed but still allow users to make “serendipitous” discoveries about their friends and connections. Eye-catching posts will grab the attention of users to the Ticker. Seize this marketing opportunity and own it by posting truly social content or rewarding fans that interact.
2. Friend Activity on Pages: A trusted recommendation. A new, slightly overlooked update to business pages is the “Friend Activity” link located under the profile picture. Your potential customers can now check out what friends are saying about their experiences with your business. It cuts through the clutter of activity from strangers and gets to what users really care about - their friends’ opinions. “Lindsey and I have the same taste in food, so if she likes their burger, I bet I will, too.” Depending on the activity, this feature could entice users to do business with you, or go to your competitor.
3. Facebook: A more comprehensive extension of the human social experience. The Timeline and Ticker redesign have even more addictive qualities than the old design, and the 800 million people on Facebook will most likely be spending even more time there. What does this mean from a marketing standpoint? It is now more important than ever to carve out a place for your brand there. If you are not enabling your best customers to share what they love about you with their friends, or to connect with them socially, you are missing out. And you and I both know someone else will seize your missed opportunity.
Brands are going to have to engage their fans and followers more than ever. In order to obtain visibility in Newsfeeds, brands must strive to post content that will result in meaningful conversations and significant interaction. We’ve said it before, but now, thanks to f8, it matters more than ever.
The ability to evolve for the better is a necessary trait for any successful brand – even Facebook. Change is good.Tracy Morgan Loves Your Work
The customer’s point-of-view is the most compelling. It’s a more dynamic story than the one coming from the marketing department. It’s real. Maybe imagining what that might look like can help us create a plan to achieve it. Play along with me. Let’s pretend that we’re hearing about a product or service experience from Tracy Morgan. He is the hilarious star of SNL sketch comedy, the sitcom 30 Rock, a writer and movie star with the February 26 release Cop Out. What if Tracy were thinking about these three businesses:
Dunkin Donuts. To some it’s a donut shop. But, it has so much more growth potential when Tracy says, it’s the fuel that gets me through my day. After that Dunkin Donuts isn’t just for breakfast anymore.
How about The New York Times? The self-promoting purveyor of all the news that’s fit to print. The paper business is dirty ink on my fingers but then I hear Tracy’s voice in my head. He says, NYT has the 411 on everything worth knowing. This frees NYT to deliver info to key advertiser demographics in any medium they choose. Tweet me the news, please. Text me the headlines. Or, maybe there’s an app for that.
Or, how about Tracy the suburban home owner? To him John Deere isn’t just the maker of lawn mowers. In his acceptance speech for lawn of the month he was overheard to say, John Deere is my yard’s daddy. Or, at least that’s how it goes in my mind.
What would Tracy say about your business? How can you create an experience worthy of such a passionate response? We think it starts with understanding the culture, knowing how to optimize technology to be where the customer is, and then allowing them to experience the brand in a way that only they can imagine. And, Bigfish has a strategy for that. You're gonna love it!
Write to me tim@gobigfishgo.com or follow me @twitter/timbigfish.
The Truth of a Rumor
Perhaps you've decided to develop a customer relationship and business development strategy on a social media platform. You've embraced the idea of humanizing your brand. You've become conversational and promoted interaction between you and your prospects and customers. You're "all in"… on Facebook. And that's why you flinched.
A social media strategy is no more about a single platform than CRM is about software. It's beyond Facebook. Resolving to create a genuine dialogue between you and your customer is a brand lifestyle. It includes actively listening to their ideas, concerns and invention. It means being where they are so as to accommodate their on-demand desire for personalization. It's not easy. It is necessary.
A flinch in and of itself is a natural response to something unexpected or in anticipation of a painful event. Relax. The likelihood of Facebook "going away" any time soon is unlikely but the rumor of such an event is a reminder to have a broader plan. Here are a few building blocks for your strategy:
- Know what types of interactions your audience values.
- Decide what you expect from those interactions.
- Identify the platforms that best facilitate the objectives of you and your audience.
- Resolve to diversify your platform selection.
- Commit to a website that incorporates your platform selections but engages the user beyond a reliance on public networks.
And stop flinching.
Want details? Let's talk.
I'm tim@gobigfishgo.com, www.twitter.com/timbigfish or www.facebook.com/timcnicholson. You get the idea.
People or Search Engines?
It's easy enough to guess how we think connections happen. Look at any of the recent projects launched by Bigfish and you'll see people. Whether it's every kind of people on http://www.deltazeta.org/ , post from members and their friends at http://www.deltau.org/member, posts about wonderful people at www.facebook.com/iammemphispretty , or stories from people at http://www.mystorymybaptist.org/ where patients and community members can submit their own story and share it with others. Connections with people courtesy of Facebook social plugins as implemented by Bigfish.
Sure, the sites noted above are optimized for search. That's part of the traditional Internet business model, right? It's a construct owned by Google who most people believe knows websites better than anyone else. But the leader in search has to be concerned. While they know websites better than anyone they don't know people nearly as well as Facebook. And as people become better connected they become less reliant on search to tell them with whom they should connect.
Bigfish thinks that connections happen through people.
People on-the-go. People who use social networks. People who use websites. People who buy products and tell people about their experience. People who volunteer their time. People who donate money. People who know other people. People who want to connect with you.
Does your 2011 Strategy include people? Or are you still searching for something? Connect with me. I know some people who can help you.
Write me tim@gobigfishgo.com, be my friend at www.facebook.com/timcnicholson or find me on Twitter at www.twitter.com/timbigfish
Small Biz Brand in Transition
Her challenge is to transform the business from a surviving “Mom and Pop shop” to a thriving professional services company. She is in business transition. An OBGYN friend of mine once said, “Transition (the time the baby spends in the birth canal) is the hardest part of childbirth for infant and mother.” From what I’ve seen as a witness in the delivery room, he’s probably right but he’s there to help.
The challenge of transitioning a company is found in knowing where you’re headed and having a plan that connects you to the target. Mom and the baby instinctively know which direction things are going. But Mom has thoughts about the future long before delivery. She dreams of what the child might become. She names the baby and sets her mind and heart on loving and caring for it. Soon Mom and child, begin to live the plan.
Likewise, the business owner casts a vision for the business she has created; the brand that she has developed. Her transition challenge is found in knowing where today’s version of the brand ends and where the brand of the future begins. Her instincts are good. Change is inevitable so she sets out to take charge of the change.
Perhaps our business owner can think a little like Mom. Consider the business brand, imagine what it might be in the future and make plans to realize the goal. She can start with communicating that message to all affected parties. Today, while there are more venues than ever to convey a message – to connect people to the vision you have for your business – it still requires a strategy.
Mom and baby get a little support from men and women like the OBGYN friend of mine. The business owner we met today will get a little support from Bigfish. Call us the brand doctors.
Fans are Valuable. Advocates are Priceless.
The study: Syncapse surveyed 4,000 fans of 20 of the top brands (i.e. Nike, Starbucks, Coca-Cola) on Facebook. Then they estimated the value of each fan’s spending as well as the value of continuing to have that fan as a customer over time. The result? Each fan is worth $140. That’s a lot coffee if you’re Starbucks. It may even be a conservative estimate for highly successful social brands. Of course it seems logical that fans would buy and would continue to buy stuff. However, I propose that their value is less about their “spend” and more about their “recommend”.
The same survey found that four-out-of-ten fans would recommend a product that they fan to their friends. I'll call the "recommenders" advocates. Now, if we use Syncapse’s $140 fan-value that makes the advocate worth potentially much more. I’m not a mathematician but here’s my formula:
- Average number of friends per Facebook user: 150
- Average number of friends fans recommend to: 60
- Multiply friend recommendation by Syncapse’s valuation: $8,400
That’s before considering the value of new customers who become fans, who may subsequently become advocates that recommend your brand. Wow! Priceless (sorry, MasterCard).
Your next assignment: find and/or create advocates. It will be easy to find some. They’re the ones retweeting your posts or liking your comments. The others? Well, that requires a strategy and it’s worth more than I can charge here (smile).
Let’s talk www.twitter.com/timbigfish or www.facebook.com/timcnicholson
The Social Web and Really Cute Shoes
He asked, "Won't these social plugins and sharing utilities seem out of place on our old web sites?" I couldn't help myself. The audience was nearly 70% female and a guy was asking what essentially was a fashion question. My response was this, "Ladies, should last year's dress keep you from rocking this season's cutest shoes?"
Sure, from a technical point-of-view the social web is about web parts that are easily identified by users and shared via APIs but the spirit of it is embracing the cultural shift toward participation and enabling users (not search algorithms) to determine what is relevant on the web.
The social web is not a fade but it may seem fashion forward to those from the Information Age. Still, having a web wardrobe that isn't "this season" is no reason to hide yourself in the closet. Develop a strategy for stepping out. In the meantime, accessorize your current site. There are plenty of affordable ways to do it. By the way, I hear that it starts with the shoes (or, the addthis utility).
Talk to me twitter.com/timbigfish
The Shift: Facebook Wins.
The numbers don't lie. But here’s the big part that most people will overlook:
Web users want to participate. Contribute their thoughts and ideas. They want information from their peers. They trust them even more than they trust a GoogleThe easy part of a web strategy is the technology. Even the design is simple enough. The challenging part will be the readiness of or the degree to which the executive and board level want to embrace the cultural shift.
search. Of course you know that means taking some risk if you’re a management or board level type from the Information Age. For them most web sites are transaction” and “information” oriented. They get that. But now, it’s “Participation”. And that is something the decision making demographic wrestles with.
I speak to that in the intro and conclusion of our new ebook. You can download it here. But, maybe we need a good old fashion in-person conversation. After all, this whole "transparency" thing is new to a lot of us and tweeting it just isn't natural. Yet.
Follow me on www.twitter.com/timbigfish
Five and One for 2010
The last decade brought a significant shift in the way that brands communicate with their prospects and customers. Consumers invited brands into their lives in ways no one could have imagined and they intend to maintain this new paradigm.
Indeed, 42% of all online adults and over half of youth surveyed by Forrester have expressed a continued desire to interact with brands in social media. That’s right! In the age of TiVO ad skipping and anti-spam technology, your customer said
“Go ahead. Tell me your story. Let’s be friends. I’ll introduce you to some of mine. But, I get to choose when and where.”
"When and where" manifest as these 5 things:
1. Mobile Everything – over 750 billion text messages were sent and more than 50,000 apps where created. And, that was last year alone. All of this in the name of being connected. Customers are surfing in carpool lines, prospects are texting during business meetings, and they’re all willing to let you in.
2.Twitter – some brands connected to hundred others to dare I say thousands even millions of prospects, fans, and customers 140 characters at a time. Nothing much was said, but some sweet offers were made (i.e. JetBlue unlimited airfare deal). Meanwhile, what we learned about one another through the trivial initiated the bond needed for meaningful dialogue.
3. YouTube – if you’re a young male adult Axe for Men has something just for you. But, not on their web site. That’s old school. Visit their ‘channel’ for funny videos and product promotions. Then, pass the fun along to your friends. Oh, it’s not just for the kids. Over 1 million people visit YouTube everyday. Some just smell better than others.
4. Google – Einstein said, ‘never memorize anything that you can look up’. Wow! If he only knew. 1 trillion people ‘google’ each day and within seconds have contact information, promotional offers, product reviews, maps to locations, and if they are so inclined over 2 million results for the connection between energy and mass (e=MC2) alone.
5. Facebook – 350 million people use it and half of those folks use it every day. Some of the users are old enough to be your mother. Heck, some of them are. And, much of their time is spent letting friends know which products are their favorites. “I’m a fan…”
But you knew all of this didn’t you? Yet, you’re blowing it off because you think it’s silly to ‘tweet’. And, in and of it’s self you may be right. But, these are the rules to a quickly evolving game that you’ve been invited to play.
So, here's the 1 thing you need to do for positive results in 2010:
1. Create a Plan -- develop and implement a strategy to optimize these new platforms and consumer behaviors. It’s THE one thing you must do now. And, Bigfish has the know-how to do it. We call it the Starfish Strategy.
"Like?” Reach me www.twitter.com/timbigfish. Let's talk about it.
George, I Want to Play
Here’s the deal. A Memphis radio sports talk show legend plays trivia with his listeners. He has one simple rule, tell him that you want to play the game or you don’t get to play. It’s serious fun (if there is such a thing) and it’s the only price for admission to the contest. Knowing this phrase is even more important than knowing the correct answer to his trivia question. For without knowing and practicing the rule the listener is ineligible. And, when you don’t play you can’t win.
Think about Internet marketing in the same terms. You have to participate if you want a chance to develop customer relationships. Today’s game is played in the social media realm on platforms like Facebook, Twitter, YouTube, and Flickr. You’ll need a plan if you want to succeed. That’s where we come in.
At Bigfish, we implement Internet marketing tactics via the Starfish Strategy. Our plan integrates social media with search engine marketing. It initiates conversation with your prospects and customers in venues of their preference. Its objective is to move the participant to your web site for an extended conversation about your brand. And, ultimately create a chance for you to win.
Interested? Let’s talk about it. Find me at www.twitter.com/timbigfish. Just say, “Tim, I want to play.”
