
It seems like everywhere you turn someone is talking about social media.
According to a recent study by Vignette and the Marketing Leadership forum only 12% of companies think they are successful in their social media efforts. This might be because 40% of the respondents cited they have no social media strategy in place.
The lack of a clear vision and a strategy is directly related to the feeling that social media efforts are not successful.
The velocity in which social media has been adopted and subsequent volume of user-generated content has left many companies scratching their heads.
The question is no longer should I participate in social media, rather companies are now asking how do we get started. Getting started requires more than simply setting up outpost on sites like Twitter Facebook or whatever is next. These are all tactics to achieve a set of goals.
To be successful companies need to shift their mindset and not simply look at social media metrics alone. According to Jeremiah Owyang
“Social media metrics alone are meaningless”. That is until you can show which activities led to achieving business goals like lead generation, brand awareness or direct sales.
Predicting social media value implies you can repeat a past success.Many companies are engaging in social media in an uncoordinated manner. This makes it hard to replicate success, which means predicting its future value is almost impossible. Experimentation and prototyping is an essential step to making anything repeatable. With that said, experimentation should have a basic hypothesis on what conclusions can be drawn by using social media.
Below are some steps to think about when developing a social media strategy. Taking a snapshot of how well you listen, learn, engage and replicate social media success can provide a baseline for creating a sustainable social media program.
Listening: Listening to the conversation is as important as participating.The real time nature of the medium means these groups must be able to act as a system, almost like a school of fish. To achieve business goals this require several groups in the organization from R&D>Marketing>PR >Sales>Support to act in a synchronized manner. While social media has the opportunity to create a better customer experience it always has the opportunity to create an even more fragmented one. In order to be nimble several ears must be on the ground and be ready to act on certain indicators.
Learning: Turn insights into actionThe challenge is acting on what you hear. In many cases this will require several people to get an answer, make a comment or add to idea pipeline. To streamline cross-functional collaboration Radian6 allows you to create workflows around most content types across the social web. This would allow you to be notified if a customer posted a tweet that mentioned "service down". This tweet could then be routed to a customer support person to follow up on. The customer service example is an obvious one.
Where the value comes is when you have formalized how you take the insights from these conversations and respond in a timely fashion. A great example of this happened to me when I had an issues with Disqus, a tools for moderating comments on my blog. I posted a tweet saying that an error was appearing on my blog, within an hour or so they replied with “@dirkmshaw We pushed a fix for that issue a couple minutes ago and all should be well. =) @giannii”. They were not only listening, but had their organization and products aligned to make corrections based on what they are hearing. This level of responsiveness made me a fan of their products and as a result I have recommended it to several others. They made me a net promoter.
Engaging: A participation strategy should be informed by what you learned from listening. The number of tools and places that exist for companies to engage with customers can be overwhelming. Many companies simply skip the listening part and jump right into the conversation. In many cases this is not the right approach. Just jumping straight in to the conversation will result in spending time in places where your customers are not, leading to a lack of results. Poor results also gives the impression that social media is not right for companies.
Once you have identified places you plan on engaging with customers, it is important to define the role of each outpost and how it supports business goals and who will be responsible for ensuring timely responses are made.
The challenge with having several new points of interaction with customers is to create a cohesive experience across each one. This makes the role of you experience planners even more essential. Engaging social experiences are ones that integrate owned media like your public website with earned media such as positive reviews made about a product or service. It is important to not only define the roles of each outpost, but to understand how they can work together in a coordinated fashion to deliver the most engaging experience.
Replicate: Make your success repeatable. Start small, get it right and replicate.Now that you have successfully accomplished goal, can you do it again.
When you think about innovative companies, they are not successful because they came up with a clever idea. Many companies like Apple, GE and Nike are a success because they know how to replicate success and refine things along the way. The ability to replicate allows you stop looking thru the rear view and get in front of the ship and chart a course for the future.
The same holds true with social media. Adoption in many organizations either starts in marketing or public relations, depending on where the early adopters are. The challenge is how can a social media success that was started in one department get replicated across the organization.
As you achieve success in accomplishing your goals document how you did it. Be sure to capture the metrics you were tracking, who was involved and how you would do it differently. These stories can be used as a social media playbook to enable others to repeat, refine and mature as the organization grows. Sharing success stories is a great way to get other groups excited and willing to dedicate time and money to social media.
Having a clear picture of where you want to go allows you successfully align social media to goals, people, processes and tools. This will ensure that you can successfully replicate success against the same goal and across your organization.
How well can you replicate social media success?