After a few weeks on the road making presentations, I can report that no subject is more controversial than the marketing effectiveness of social media. In every presentation, for every person singing about the advantages there was 5 people complaining how much of a waste of time it was. I was reminded of this last week as I read an article published in Bloomberg Businessweek that talked about the “Top Five Social Media Marketing Mistakes.” It was subtitled, “You know about all the wonderful things the blogosphere can do for your business. But how can you prevent the not-so-wonderful stuff?” Here is a brief summary: 1. Not (or Barely) Monitoring: Companies that do not first "listen" and observe how their evangelists and detractors talk about their brand risk jumping into a cyclone of unanticipated activity. Constant monitoring is a must. 2. "Down-sourcing" to Interns or Junior Staff: The fresh, young digital natives at your company embody a crucial resource in helping to navigate the emerging media waters. In some cases, however, their lack of business experience could imperil your brand's "social voice." 3. Fast Beats Perfect: In the digital world, content can spread like wildfire. Immediate, authentic, and humble acknowledgements of your brand's social media kerfuffles are not only necessary but also expected. 4. Faking It: If you've failed to foster and energize a legitimate set of brand evangelists, don't attempt to disguise false engagement by having employees pretend to be customers (known as "astroturfing"). It will most certainly be found out. 5. Having an "Off" Switch: Your brand's involvement in social media should never have an end date, since at its core, that involvement is about nurturing customer relationships. What do you think? Have you seen measurable advantages of social media marketing? Or have you seen it as a waste of time and/or creating a whole new category of problems? Howard Fenton is a Senior Consultant at NAPL. Howie advises commercial printers, in-plants, and manufacturers on workflow management, operations, digital services, and customer research.
Discussion
By Ryan McAbee on Jun 22, 2010
Best practices and unbiased, comprehensive data are hard to find in terms of social media marketing. I suspect this is because of the polarization of the two camps — those who "get it" versus those who "do not get it." The fact is the concept, industry, and technologies are relatively new, as compared with marketing as a whole, and constantly evolving. In an attempt to get real world advice, best practices, and data, the #printsm hashtag (http://bit.ly/a7v5kp) was created for Twitter. Printers and vendors are encouraged to share any useful social media information there. Perhaps the sponsor of the blog, Pitney Bowes, could also comment as they are involved in social media.
By Chuck on Jun 23, 2010
I'd like to point out that the article in Bloomberg Businessweek did not ask the question, "is it good or bad", but was focused on how to do it right, and avoid mistakes. The reason for this is: no matter what your opinion is or whether "you" think it's a waste of time, social media marketing is here to stay and is growing in importance in the global culture and marketplace; it therefore cannot be ignored by marketers. So I would suggest Howie, that you were hanging around with a bunch of "old fart" Printers who in fact, as Ryan suggests, do not get it. And possibly never will. I'm sure they "just want to print", which is a sentiment they share with many of their colleagues who will be joining them in "early retirement" in the next couple of years. Printers who sell to marketers need to understand how they can play a role and leverage Social Media, both for their own marketing efforts and those of their clients.
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