WhatTheyThink

Premium Commentary & Analysis

Social Media: The "Wild West" of the Marketing Opportunity (Part 2)

The rationale for adding social media services is very compelling. It's the new word-of-mouth machine that drives customer perceptions and purchasing decisions. This article outlines just a few examples of the new social media services that today's marketing service providers are offering to their customers.

Thursday, December 06, 2012

Social media has entered the mainstream, providing new opportunities for print service providers that build the right infrastructure and marketing strategies. Your customers want to have conversations about their company and brand. As a critical component of the marketing mix, print service providers must offer services that support clients in integrating social media into the marketing mix.

According to InfoTrends' 2011 study entitled The Evolution of the Cross-Media and Marketing Services Provider, the next major online service that providers were planning on adding to their marketing services portfolio is social media support. A survey of a 166 service providers that are currently offering cross-media capability to clients indicated that 40% are currently providing social media support. Meanwhile, another 36% are planning to expand social media capabilities in the next 12 months. These providers understand that it will be a competitive differentiator.

Figure 1: Does your operation offer any of the following online services to customers?

The rationale for adding social media services is very compelling. It's the new word-of-mouth machine that drives customer perceptions and purchasing decisions. Your customers want to be actively involved in the conversation. This means they want a partner who can offer social media solutions that generate a positive return on investment. Marketing service providers are currently offering an array of new social media services to their customers. Some examples are outlined below.

Consulting that Turns Fans into Customers
Marketing service providers are hiring social media experts ranging from new college graduates to individuals with experience in growing internet audiences by entertaining and educating customers. These consultants work with clients to plan a strategy that will not just bring in fans, but will generate real leads and build brand loyalty.

Management across Multiple Platforms
Once a strategy is well-established, marketing service providers work with clients to establish presence on an array of social networks that provide the most benefit to the client's business. Options include Facebook, Twitter, LinkedIn, Google+, Pinterest, and FourSquare.

Assistance with Publishing Fresh Interactive Content Daily
No discussion of social marketing is complete without a discussion on content. Experts say that content is the Yin to the Yang of social media. It is a critical component of success for your customers as well as their businesses. Making the most of social media requires regular activity. Service providers are working with clients on content strategy and identifying content sources so that their customers can focus on running your business. Car dealerships, restaurants, insurance agencies, and dentists alike will look across a number of different verticals, hire freelance writers, or use content that the client has developed to help keep the site fresh.

Custom Campaigns Utilizing Facebook Applications
Marketing service providers are supporting Facebook applications to enhance the look of the client's site and adding another level of interactivity for customers. They might help clients run polls, add coupons, and embed YouTube videos and Pinterest images directly into your Facebook page for easy access.

Turning Prospects into Customers
Social networking isn't just about talking-it's about generating leads for your customer's business. Success providers are working with clients on lead capture campaigns that involve not just fans or tweets but also include e-mail addresses, names and addresses of prospects, and cellular phone numbers. This data is then provided to clients so they can turn prospects into customers.

Analytics
It all comes down to the bottom line. Providers are gathering business intelligence by tracking the effectiveness of individual campaign elements. Metrics include liking, sharing, and retweeting as prospects reveal who and where they are.


Continue reading your article
with a WhatTheyThink membership.

WhatTheyThink Annual Membership

Less than $4/week.

Get unlimited access to in-depth commentary and analysis covering the latest trends, emerging technologies, operational strategies, and key events across every segment of today's printing industry.

Stay informed. Stay competitive. Stay ahead.
WhatTheyThink Day Pass

$5 for 24 hours

Unlimited access to all of WhatTheyThink. Get your Day Pass

Already a member?
Sign In

About Barb Pellow

A digital printing and publishing pioneer, marketing expert and Group Director at InfoTrends, Barbara Pellow helps companies develop multi-media strategies that ride the information wave. Barb brings the knowledge and skills to help companies expand and grow business opportunity.

Please offer your feedback to Barb. She can be reached at [email protected].

Recent Articles from Barb Pellow

It’s an Omni-Channel World… Especially During the Holidays!

This holiday season, savvy retailers are working to meet customers on the channels where they are shopping and buying, whether it’s in a physical store, online, or via social media. This article highlights how various retailers are driving sales and encouraging engagement with multi-channel integrated campaigns. Read More

Differentiating Your Business with Wide Format

Wide format printing is a profitable and complementary product offering for print service providers that are seeking new markets and higher-margin businesses. This article discusses the three key practices for success in this market. Read More

It’s Time to Take the 15 Page a Day Challenge… and Share it with Friends!

This past July, the Paper and Packaging Board launched its 15 Pages a Day Challenge, which encourages everyone to commit to reading 15 pages each day. This article cites recent research to highlight the benefits of reading on paper and also provides information on the challenge. Read More

Industry 4.0 Will be Everywhere at Print 2017

Many historians agree that there have been three industrial revolutions to date, but interconnected digital technology might be triggering the fourth. Print 2017 is nearly upon us, and the concept of “Industry 4.0” will likely be a major theme at the event. This article discusses some of the Print 2017 advancements that are expected to change how print is manufactured, what service providers produce, and who print service providers will become as they transform their businesses to better align with digital technologies. Read More

Pricing Strategy: Labor Theory of Value versus Value-based Pricing

Companies within in the printing industry have historically had a manufacturing mentality—they subscribe to the labor theory of value, which states that the value of a service is determined by the amount of labor that goes into production. Now, thousands of firms in a variety of industries are pricing their services according to the external value created—as perceived and determined by the client—rather than the internal costs incurred in generating services. This article explores the concept of value-based pricing and highlights some real-world examples of companies that are embracing this strategy. Read More