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Updates from July, 2010

  • 5 Social Trends to Watch

    Pat McCarthy 9:13 am on July 30, 2010 | 2 Comments Permalink | Post Your Comment!
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    radian6-conversation-graph

    radian6 took a look at online conversations (64,000 last month alone!) about social media and found the 5 key trends to watch.

    1. Location, Location, Location - Now that ‘what you like’ can be coupled with ‘where you are,’ social media’s communication capabilities have reached a new level.

    2. Social CRM - This isn’t just engagement anymore. Advanced Social CRM adds powerful analytics to human interaction.

    3. Measurement & Accountability - Capabilities are growing everyday. These will spur more investment and efficiency.

    4. Privacy & Participation - The current has ebbed back to privacy. Parameters help clarify exactly what brands and consumers will and will not do through social.

    5. Social Media Integration - Weaving social into different departments has gained a lot of steam lately and some

    Read about these trends in greater depth at radian6

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  • Today’s Big Deal: Facebook & Amazon

    Pat McCarthy 9:08 am on July 30, 2010 | 0 Comments Permalink | Post Your Comment!
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    The two internet giants have created an integration partnership that might shake up the balance of eCommerce. Now consumers will see products based on their friends’ reviews. This couples two very effective forms of recommendations: friends & online reviews. In fact, those two consistently rank as the top two most valued forms of product advice.

    So why is this a big deal? Google. They make a pretty penny on cost-per-click keywords. But why would you google “new video games” when you can just hop on Amazon and see which games your friends like?

    Key Takeaway: Search is getting social and integrated. Strive to enable your customers to know how their friends like a product.

    Read more at Vocanic’s blog

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  • Wharton Study: WOM Customers 16% More Valuable

    Pat McCarthy 9:07 am on July 30, 2010 | 0 Comments Permalink | Post Your Comment!
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    WOM wins again over traditional advertising. This study examined 10,000 customers of a large German bank over several years. About half of the customers came from a WOM program where existing customers received $30 for each referral.

    Over time, the WOM sample was 16% more valuable for the bank. This help clarify how referral programs can have long lasting impact on the bottom line.

    Read more about the study at Media Post

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  • 5 Minutes with Dave Kerpen, CEO, Likeable Media

    Pat McCarthy 8:14 am on July 29, 2010 | 0 Comments Permalink | Post Your Comment!
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    likeable-media

    Dave is CEO and Co-Founder of Likeable Media (formerly theKbuzz). Recently, they were recognized as a Facebook Preferred Developer Consultant. Likeable Media’s blog is also a great resource for social media insights.

    In Likeable Media’s Mission Statement, you state that WOM and social media go beyond marketing. What changes will they bring to business in general?

    Social media is nothing short of transformational in changing the way organizations are run, not just businesses, but also nonprofits and gov’t agencies. Marketing is just the beginning. There is no longer a line between marketing and customer service. Customer service, internal operations, hiring & HR, sales, PR, marketing; these are all areas affected by WOM and social media. And they will continue to revolutionize the way companies do business.

    Many companies need social savvy staff, but a lot of them don’t know what to look for. What do you look for when hiring for your team?

    They have to be my Facebook friends. There are probably not a lot of companies that require Facebook friendship, but I really want in my team, and frankly in our clients, a sense that we’re helping people who embrace openness, transparency and responsiveness - Three core values that, I believe, not only Likeable has, but the entire internet and global business should embrace.

    I’d rather hire somebody who shares pictures of themselves getting drunk on Facebook than somebody with a closed profile.

    What are the changes that you have seen since Facebook went from Fan to Like?

    People are more comfortable Like-ing things than Fan-ing them. So it helped a lot of our clients and other organizations get more people connected to them. People are comfortable being fans of sports teams, but they aren’t necessarily comfortable being fans of restaurants, clothing stores or skin care products. They feel more comfortable liking those.

    What do you keep top-of-mind when designing Facebook pages and how have you seen that benefit your clients’ communities?

    When we build Facebook pages and strategies for clients, we really try to think about their most passionate customers and meeting the needs of those people, not necessarily showcasing the brand.

    One client I’m particularly proud of is our stride rite Community because it’s moms talking about their kids and babies, posting pictures. It’s not about stride rite the shoe. It’s about moms of young kids connecting with each other.

    That’s an example of what’s possible using Facebook and Social Media. It’s really empowering your customers and target audience instead of marketing to them.

    Another example would be Our Jewish Community, where we live stream religious services each Friday on Facebook. While to some that would seem blasphamous, to many thousands of people all over the world, they’ve been able to be connected to a religion or belief through Facebook. I think that’s something that’s pretty incredible.

    So what’s the next big thing that everyone is going to be talking about in six months?

    Location is going to continue to grow. It’s the hottest trend right now, but it will continue to grow to the point where it will be ubiquitous in 6 months. Once Facebook roles out its location product, everyone will be checking it and sharing their location. You’ll remember fondly those quaint early days of Foursquare where that was the only game in town.

    Any closing thoughts?

    The space is still confusing to many, so I would urge any WOMMA Word readers to inquire about joining WOMMA. Obviously we’re a member, but I’m not being paid to suggest you investigate joining WOMMA. It’s a terrific organization.

    Thanks Dave. You’re the best :)

    ——————————————

    Did you know Exclusive Interviews are a governing member benefit? Contact Tarah@WOMMA.org to discuss this and the many other benefits of governing membership.

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  • Members in the Spotlight

    Pat McCarthy 7:14 am on July 29, 2010 | 0 Comments Permalink | Post Your Comment!
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    WOMMA is proud to welcome our newest members:

    AT&T
    Firefly Legal
    ConnectMedia Ventures
    Emanate PR
    Gabbaroo
    MyLikes
    Alterian

    If you’re hankering for another interview with Dave Kerpen of Likeable Media, Inside Facebook published one on Monday.

    Shauna Causey has been hired by Ant’s Eye View. She’s been called “a powerful voice for nonprofits” by the Huffington Post, voted in the top 100 women in Seattle tech by TechFlash, was among seven across the world honored as a top women in technology at the 2010 South by Southwest Conference Digitini event and was recognized by the LA Times as part of the “Female Empire of Women in Tech.”

    Read more about Shauna here.

    Radian6, the leading social media monitoring and engagement platform, today announced it has been chosen as a “leader” in independent research firm Forrester Research, Inc.’s “The Forrester Wave™: Listening Platforms, Q3, 2010″ report, released earlier this week.

    Read more here.

    Bazaarvoice, the market and technology leader in hosted social commerce applications that drive sales, today announced that it has been chosen by AlwaysOn as one of the AlwaysOn Global 250 winners. Bazaarvoice was selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2010 list, and Bazaarvoice was selected among thousands of technology companies for its leadership and game-changing approach and technology that is likely to disrupt existing markets and entrenched players in the global Silicon Valley.

    More here

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  • 8 Success Criteria for Facebook Marketing

    Pat McCarthy 12:03 pm on July 28, 2010 | 0 Comments Permalink | Post Your Comment!
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    The Altimeter Group compiled an excellent research report that found 8 key criteria for Facebook success.

    success-criteria-facebook

    The report is highly comprehensive and found that 14 of the 30 brands reviewed fully leveraged social features to activate word of mouth.

    Read the full 26-page report at Web Strategy

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  • Sponsored Blogs & Ethical Questions

    Pat McCarthy 12:01 pm on July 28, 2010 | 0 Comments Permalink | Post Your Comment!
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    Bess Auer has got a pretty good gig; she’s an English teacher by day and a blogger for Chevy by night. In exchange for one month of driving a 2010 Camaro, Bess blogs about her experiences at least twice per week.

    Paying per post has come under scrutiny in the past, but last year’s updates to the FTC’s Guides on Testimonials and Endorsements cleared up many concerns. Now bloggers and brands are required to disclose their relationship if any sort of value has been exchanged. In Bess’ case, she’s given a car and gas, and the rest is up to her. If she doesn’t like the car, she can say so.

    Key Takeaway: Disclose, disclose, disclose. The key to blogger outreach isn’t controlling the message. It’s finding the right people for your product/services.

    Read more about blogger outreach and ethics at The Joplin Globe

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  • Brands Bringing Bank on Facebook

    Pat McCarthy 11:58 am on July 28, 2010 | 0 Comments Permalink | Post Your Comment!
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    Learning by example is a great way to get some fresh ideas. The cited article lists four online brands and marketers who have effectively used Facebook to increase their bottom line.

    1. Wildfire - They use Facebook lets clients design their own campaigns while Wildfire connects it to the right channels to best enable a viral response.

    2. Slide - The app developer was one of the first to utilize Facebook to spread their wares.

    3. Oodle - They power Facebook Marketplace and run an individual classified ad site.

    4. Zynga - The Facebook game developer has made an empire with simple interactive games that pit friends against friends.

    Read more about these companies at CNN Money

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  • Bookmark These Influencer Posts

    Pat McCarthy 7:47 am on July 27, 2010 | 0 Comments Permalink | Post Your Comment!
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    influencer-word-cloud1

    I tend to bookmark posts that hold relevant data or other helpful resources. For the past month or so, The Word has been citing a series of posts about influencers by Lithium Technologies’ Principal Scientist of Analytics, Dr. Michael Wu.

    Yesterday he told me that he had aggregated the series into one comprehensive post. It’s far too much to summarize. It covers everything from theory to metrics.

    View Dr. Wu’s Influencer webinar deck here

    Read them all at Lithosphere

    Lithium Technologies is a WOMMA member.

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  • Interview with Gretchen Fox, VP of Social Media, Live Nation

    Pat McCarthy 7:46 am on July 27, 2010 | 0 Comments Permalink | Post Your Comment!
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    gretchenfox

    Context Optional did an interview with Gretchen Fox that had some great takeaways:

    3. How important is having a strategy around your social media efforts?

    Strategy is the root of planning; without it, you’re shooting in the dark.

    6. On a scale of 1-10, how important is ROI? Do you measure it?

    While ROI is an important business metric, at this point we are more concerned with ROP (Return on Participation) and continuing to bring value to our fans. More than just converting people to sale, we’re focused on how well we’re building relationships with our fans and artists as well as cultivating conversation around our tours.

    8. When it comes to social, you never want to ________.

    Forget that the community must always be a place that our fans want to be a part of.

    Read the rest of the interview at Context Optional

    Context Optional is a WOMMA member.

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