Presented by .com Special Report social success How to Connect With Customers Through Social Media April 2013 www.profitguide.com I april 2013 1 .com CONTENTS 3 A SIMPLE SPREADSHEET FOR SOCIAL MEDIA SUCCESS Download this easy-to-use tool and bring consistency and efficiency to your social media marketing efforts “Social media can be a powerful tool if you use it well. And it’s easier than you think.” 5 Looking for help with your social media marketing? How to tell the true social media experts from the amateurs 7 S ocial media makes it possible to engage more deeply with clients and prospects than ever before. And there are a myriad of ways to reach out. But there are just as many ways to screw up. What’s the best approach for SMEs? While there are some resources for SMEs looking to leverage social media’s full potential, the amount of advice and information out there can be overwhelming. Don’t get freaked out: it’s just another business tool (albeit one with more cat videos than most). This PROFITguide.com special report—Social Success—pulls together stories and columns that cut straight to the point. What are you trying to accomplish and how can sites like Twitter and Facebook help you get there? How can you organize your social media efforts? Social media can be a powerful tool—if you use it well. And that’s easier than you may think. Read this package and you’ll find specific and simple steps you can take to avoid common pitfalls and truly connect with your target. FIND YOUR TWEETHEART THE 5 TWEETS THAT LOSE TWITTER FOLLOWERS Like the business world, the Twitterverse has its own set of rules, and those who flaunt them will pay the price by losing followers 8 10 STOP BEING FREAKED OUT BY SOCIAL MEDIA With so little time and so many platforms, it’s easy to feel overwhelmed. Relax: social media is simply another business tool SOCIAL MEDIA MADE PROFITABLE Thinking of social media as far more than a marketing tool is the first step toward boosting your bottom line www.profitguide.com I april 2013 2 social success .com How to connect with customers through social media A Simple Spreadsheet for Social Media Success Bring consistency and efficiency to your social marketing efforts with this easy-to-use tool By Jacquelyn Cyr W hen you look at the social platforms available to your business, you have more than enough opportunity to get conversations going with a variety of customer and prospect segments. But it’s not just about creating social profiles and writing the occasional post when you have time. That route will only frustrate you when it appears that social isn’t working for your company. So, rather than putting a bunch of time or money against social media marketing and hoping your internal or outsourced experts know what they’re doing, you might want to start by building out your own content strategy. You can do this in many ways, but this is a simple guide to refine your business’s approach to social. Step 1 As shown in the sample spreadsheet you can download here, build a table in a spreadsheet organized under three headers: Audience, Distribution and Content. Step 2 Under the Audience column, create sub-columns for the different stakeholder segments to whom you want to be relevant as well as the desired objectives through that channel. Perhaps you’d like to speak to your primary target consumer, say, mothers ages 25 to 40 who have a high household income, but you’d also like to chat with your secondary consumer of first-time urban grandparents. You may also want to target a top-10 list of bloggers relevant to your industry, and sales staff at your largest retail customer. In the Objective column, you don’t need to cite specific sales increase numbers, but generally aligning the business objectives into the content strategy will keep your team consistently focused on why you’re writing articles, pinning fun photos and finding interesting stuff to tweet for hours every week. Step 3 Under the Distribution column, you want to line up which social platforms each audience segment is using. Maybe you get the highest levels of engagement with your blogger influencers on Twitter, but they don’t pay much attention to Facebook. And perhaps your primary consumers are most attentive to your Pinterest boards because these people are busy and more visually oriented. You want to suss out whether these stakeholder segments are active and accessible through social channels. If they aren’t, drop them from your content strategy. If they are, figure out the best distribution channels through which to reach them. Step 4 Under the Content column, build out your content plan by creating sub-columns labeled Tone and Topics. With a solid understanding of your brand voice, consider the type of tone variations you’d use across the varying stakeholder segments and make note of this. Under Topics, start making a list of the topics that would be relevant. Perhaps you’re looking at children’s bedroom design, pregnancy fashion and overall kid’s street style for that primary consumer. Look at websites, blogs and trade publications relevant to these user segments and see the type of approach they take to their own editorial. Use this expertise to guide your own strategy. Step 5 Once you have the content strategy lined up, you’re ready to build a preliminary editorial calendar. Rather than assigning resources broadly—such as “update Facebook every day”—use www.profitguide.com I april 2013 3 social success How to connect with customers through social media this approach to figure out how often you want to communicate with your varying audience segments and which topics are being assigned to which days. Once you’ve considered the above information and built a strategy, go ahead and have someone on your team execute it. But keep a close eye on it. Remember that, as with any communications materials you create, this is your brand voice. The benefit to digital media is that you can consistently refine and adapt your business’s content strategy. Using a content strategy to figure out how to allocate the time and other resources you devote to social media puts a .com framework around something that otherwise can easily turn into a time vampire. And it ensures that, like every other marketing activity, you’re treating social as a driver to achieve key business goals. Jacquelyn Cyr has spent the past 15 years building businesses and brands, and is the principal of KEEN Collective Inc., a Toronto-based brand consultancy and co-founder of R3VOLVED, a sustainable product design firm. Cyr is a strategy columnist, speaker on business and brand building, and ranked on the 2010 and 2011 PROFIT/Chatelaine W100 as one of Canada’s Top Female Entrepreneurs. www.profitguide.com I april 2013 4 social success .com How to connect with customers through social media Find Your Tweetheart Looking to consult? How to tell the true social media experts from the amateurs By David Pimentel J ack Shapiro was floored. He had called a big marketing agency to help his Richmond Hill, Ont. company, Speech Therapy Centres of Canada, revamp its website and launch a social-media presence. He didn’t expect it to be cheap, but he sure didn’t anticipate a quote for a two-year contract to come in at $1 million—a quarter of his company’s revenue over that period. He was equally surprised—and much more pleasantly so—when he found (and hired) an independent consultant who charged $2,000 per month to maintain Speech Therapy’s activity on Facebook, Twitter and LinkedIn. Shapiro is happy with the service he has enlisted, but the vast disparity in the fees taught him a valuable lesson: “There are a lot of people in this field trying to make a lot of money.” He’s not alone in his experience. As Facebook, Twitter and other social media evolve into critical marketing channels, entrepreneurs—many of whom lack the expertise or time to develop their own online presence—find themselves seeking help. According to the Social Media Examiner, a trade magazine for marketers, 30% of businesses outsourced some portion of their social-media marketing last year. Not coincidentally, a flood of consultancies stocked with self-professed social-media experts have entered the market in the past few years. They come in every shape, size and skill level. Some are true experts who will help you convert customers into fans, followers and friends. But others are no more than amateurs trying to cash in on hype and the desperation of bewildered business owners. So, how do you tell them apart? The following questions will help you separate the wannabes from the winners with the expertise you need. to social-media experts. Even though the barriers to entry are low, this is a tough game that’s changing blindingly fast. Mastering the various media requires some tech savvy, as well as a deep understanding of how each fits into a broader marketing strategy. Most business owners simply don’t have these resources. So, where to start? Mark Evans, a principal at marketing consultancy ME Consulting in Toronto, says that business owners are often so anxious to launch their social-media campaigns that they fail to consider what their true objectives are. “Is it better customer service? Is it brand awareness? Is it sales? Is it simply building stronger relationships?” In other words, is there a strong business imperative behind your campaign, or are you just doing it because everyone else seems to be? There are social-media strategists who can train you and provide a high-level road map, and then there are tacticians who will do the grunt work of keeping various profiles and sites active. There are consultants who specialize in a particular sector, such as real estate or health care. And there are even optimization experts who will audit your social-media strategy. If you know which media to pursue and the frequency with which you want to do so, a tactician will suffice. If you’re unclear, strategic help is more appropriate. Evans does suggest that you (or your employees) post your own content or, at least, vet it to make sure it accurately reflects the nuances of your business: “External agencies aren’t living and breathing the brand. They’re hired guns.” “Don’t assume a consultant is competent just because she’s young. Age is no guarantee that you’ll get the insight needed to add value.” WHAT TYPE OF HELP DO YOU NEED? There actually is a good reason so many businesses are looking SHOULD I HIRE AN AGENCY OR A LONE WOLF? There are three categories of social-media consultancies: the big agencies, the smaller firms and the solo practitioners. Realistically, a top digital marketing agency such as Edelman Digital or Radian6 will be too expensive for the average SME. www.profitguide.com I april 2013 5 social success .com How to connect with customers through social media But even smaller agencies, which generally are cheaper, may not have the cred to back up their claims, says Tim Kimber, owner of Ottawa-based toymaker PlaSmart. His experience in hiring social-media help has taught him to look for an expert with marketing skills, not vice versa. “You don’t want to hire a marketing or video-production firm that treats social media as an afterthought,” he says. Kimber believes that solo practitioners are more likely to have a “pure” social-media specialty—and they also happen to be the most affordable option. WHAT CREDENTIALS SHOULD I LOOK FOR? There aren’t yet any widely respected degrees in the field. Avi Goldfarb, a digital-marketing professor at the Rotman School of Management in Toronto, says that while universities and colleges now teach social media in business programs, the area is just too new to assign value to credentials. That means the due diligence is on you. “Ask what campaigns [the consultant] has worked on,” Goldfarb advises. From there, check out the social-media presence of the consultant’s clients to make sure the look and feel is consistent across platforms, and that the style and frequency of posts is in line with your goals. Maureen McCabe, owner of McCabe Marketing in Toronto, recommends you also review the consultant’s own socialmedia presence. “You want to Google them,” she says. “Look at the social-media platforms they’re on. How often are they posting?” Bottom line: if they can’t manage their own social-media realm professionally and proficiently, they aren’t likely to do a very good job managing yours. WHAT RED FLAGS WARRANT CONCERN? Don’t assume a consultant is competent just because she’s young. While some CEOs, including Kimber, hire only Gen Y help (“Social media is a young person’s game,” he says), age is no guarantee that you’ll get the insight needed to add value. McCabe advises staying away from consultants who try to push long-term contracts; a three- to six-month probationary period should suffice. She also suggests that you ask for recent analytics reports on consultants’ client campaigns. If it isn’t immediately clear what they achieved— that is, if the report is shallow or incomprehensible— it’s a sign you’re dealing with snake oil salesmen. www.profitguide.com I april 2013 6 social success .com How to connect with customers through social media The Five Tweets that Lose Twitter Followers Twitter is not easy to master, but it’s easy to mess up on the ubiquitous social media platform. Avoid these common Twitter mistakes By Kim Hart Macneill T witter offers business owners a fast and effective way to connect to their customers. But the Twitterverse, like the business world, has its own set of rules, and those who flaunt them will pay the price by losing followers. Many common sense rules that apply to traditional marketing also translate to Twitter. For example, you wouldn’t approve an ad without checking spelling and grammar; the same should go for your company tweets. But other rules are specific to Twitter, and this makes it difficult for the uninitiated to understand why their following isn’t growing. If you want to engage your existing followers and win new ones, here are five types of tweets you should avoid: [1] The broken record Writing and scheduling your tweets in advance using a social media management tool is common practice, but, unfortunately, so is scheduling the same tweet to publish every few hours. “You can share a blog post a good four or five times, but don’t use the exact same words each and every time,” recommends Lara Wellman, a partner in Ottawa-based Wellman Wilson Consulting, which helps businesses use online tools. Writing different teaser tweets refreshes your Twitter feed and entices more followers to visit your links, says Wellman. [2] The robot Twitter can be configured to automatically send a direct message to thank your new followers for subscribing, but the gesture feels hollow when it pops up seconds after a user subscribes to your feed. Instead, thank users with a personal message that makes reference to the content of their Twitter feed (presuming it’s worth referencing). This makes users feel good about following you and highlights your willingness to engage, advises Matt Moccia, social media coordinator at Toronto-based Zenergy Communications Inc.. If you don’t have time to assess and thank every follower, concentrate your efforts on influencers and customers. [3] The megaphone Twitter is rife with shameless self-promotion, and “even brands with a lot of social media presence are guilty,” says Moccia. He recommends a messaging mix of 20% marketing and companyrelated content and 80% external information, like relevant industry news, interesting articles and blog links. [4] The announcer Linking your Facebook, Pinterest and LinkedIn accounts to post your updates to Twitter can save time on your social media activities but it can also create its own social media gaffes. “A lot of the messaging that you put on those other channels is longer than 140 characters, so it gets cut off, which is frustrating for readers,” explains Wellman. Keep your tweets to 140 characters by publishing longer information on your blog and tweeting a link or by sharing the information on social media platforms with longer character counts. [5] The confrontation Twitter offers your customers a new way to ask questions and make comments, but it can also open your brand up to very public, negative feedback. “If you address it publicly,” says Moccia, “other followers will see that you addressed the problem and that you actually cared.” www.profitguide.com I april 2013 7 social success .com How to connect with customers through social media STOP BEING FREAKED OUT BY SOCIAL MEDIA With so little time and so many platforms to figure out, it’s easy to feel overwhelmed. Relax: social media is simply another business tool By Cybele Negris I ’ve been speaking at a lot of events lately about social media, entrepreneurship and marketing. The one key message that I keep hearing from business owners is their feeling of being completely overwhelmed by the numerous social-media platforms and the lack of time they have to participate in even one of them. They already have to deal with all the other aspects of running their business, so how can they possibly find any more time? Some business owners have resorted to outsourcing their socialmedia activities. Others are throwing their hands up and screaming for help. Here are some ways you can start feeling less overwhelmed and more empowered by the tools available to you: Social media is a tool, not a burden The first step is a shift in attitude. Don’t fear social media. Most people have conquered how to use a telephone or email over the years. Social media is simply another tool to help you communicate with clients, potential clients and an expanded audience. The tools are there to empower you and make you more efficient, not the other way around. Have a plan Understand what you’re trying to achieve. At the very least, you should be managing your brand and reputation. Set your objectives and targets so you can measure whether you’re effective. Determine where your audience is Before you choose the specific social-media communication tool, figure out who you’re communicating with and where they spend their time. Facebook continues to be the most used social-media site, but other popular ones in Canada include Tumblr, Twitter and LinkedIn. You should also understand the demographics for your industry. Pinterest, another popular and fast-growing site, is dominated by women at an 8:2 ratio. So if, for example, you’re in the spa or retail business catering to a female clientele, you should probably be on Pinterest. Choose the social-media tools that work best for you If you’re a great writer with good content to share, then writing blog posts makes sense for you. If you’re grammatically challenged but are great on camera, try posting video clips on YouTube instead to share your ideas. Stay focused Master one platform before you move on. If a new social-media tool comes along, don’t be distracted by the “new shiny object.” Determine how much time you have weekly or monthly to allocate to investigating the new tools. Reserve your name Even if you aren’t actively using each social-media site, it’s important to be proactive and at least reserve your name and your company’s name so your competition doesn’t snap it up first. It takes only a few minutes to set up your profile. The website NameChk allows you to check your name across a variety of different sites. Budget your time There’s no question that social media can suck up time—and time, of course, is money. Determine how much time you will allocate to social media and prioritize this activity against the other things you need to accomplish each day. And stick to your schedule. www.profitguide.com I april 2013 8 social success .com How to connect with customers through social media Use automated tools where appropriate There are people who are completely against scheduling posts. I take a more practical approach. I engage in direct conversations in real time when I can. However, I am often up late at night when everyone else is sleeping, so it makes little sense to post messages then. I use HootSuite to schedule messages during times that I know my audience will be listening. And this tool allows me to choose which messages I post to Twitter, Facebook, LinkedIn and Google+ at the same time. Measure your effectiveness The ROI from social media is complex and difficult to measure because it’s part of a “multi-touch” approach to lead generation. Survey your customers periodically to find out how they found you and whether social media was part of that touch point. Share good content Try to give value to your audience by sharing good content. Develop a trusted community of people who you interact with who will reciprocate by sharing your content. I’ll leave you with one of my favourite quotes: “Social media is word of mouth powered by technology.” Cybele Negris is president and co-founder of Vancouver-based Webnames.ca Inc., Canada’s original .ca registrar and one of the country’s leading providers of web hosting and other internet solutions. She has been on the PROFIT/Chatelaine W100 ranking of Canada’s Top Female Entrepreneurs for the past nine years. This column is reposted with the permission of Business in Vancouver, which posted it originally on www.biv.com. www.profitguide.com I april 2013 9 social success .com How to connect with customers through social media Social Media Made Profitable Thinking of social media as far more than a marketing tool is the first step toward boosting your bottom line By David Kincaid W hen Lowe’s, the venerable home-improvement retailer, was looking to boost its top line and live its tagline of “Never Stop Improving,” it naturally looked to social media. After all, these days social media is supposed to be the Rosetta stone for business success. And Lowe’s was right—to an extent. It did generate additional revenue—about $1 million worth of net new money—by leveraging the principles of social media. But not in the way you might think. Most companies see social media as merely a marketing tool (and expense). But Lowe’s took a more enlightened approach by applying it inside the company to foster idea generation, sharing and vetting among employees. Lowe’s was able to take this different approach to social media—one that my firm calls “social profitability”—thanks to having launched an internal socialcollaboration system. This social platform enabled a front-line employee with a unique demonstration idea for, of all things, Teflon paint trays to share it throughout the company, which resulted in generating the additional revenue. In order for you to use the social-profitability approach to achieve the same kind of results, let’s first answer the question: what the heck is social profitability? THE DIFFERENCE BETWEEN “SOCIAL MEDIA” AND “SOCIAL PROFITABILITY” Most CEOs believe “social media” is a tool their marketing departments use to “engage” with customers and prospects through social platforms like Facebook, LinkedIn, Twitter and Pinterest in order to create awareness, loyalty and (hopefully) sales. As a result, most other departments in a company don’t have to worry about it because it’s marketing’s responsibility. However, at LEVEL5 we believe that the term “social media” focuses too much on marketing and the channels used, and not enough on the goal all departments should have: profitable growth and ROI. Social media’s true business purpose is to drive revenue, EBITDA (earnings before interest taxes, depreci- ation and amortization), earnings per share and competitive advantage—not to tweet or post Facebook updates. As a result, we’ve flipped the traditional idea of social media on its head. In its place, we’ve coined the term “social profitability” to describe the set of technologies, processes, capabilities, behaviours and culture that relate to a brand’s social networking but have value only insofar as they positively impact overall brand health and profitability. We use the term “social networking” instead of “social media” because it denotes a process that can be used to develop a company-wide brand-building capability; not just a medium or channel dominated by marketing. Reframing social media to social profitability broadens the scope of social networking beyond marketing to the external market; it focuses on the social processes throughout the company that can be used to drive profitable growth, not only via enhanced revenues but also through reduced costs. So what does a social-profitability approach look like compared with a more traditional approach to social media? Where social media generally focuses on the external market exclusively, social profitability looks inside the company as well to see where social networking can drive bottom-line results. Examples include: • • • Using real-time knowledge of consumer demand in shift planning to ensure the right number and type of workers are on an assembly line; Having IT capture social-networking conversations to incorporate feedback into future product development Making the purchasing group aware in real time of the burgeoning interest in a particulate product so they can obtain better pricing for materials used to make it. As a result, this perspective also places the responsibility for social profitability squarely on the shoulders of the CEO, the ultimate www.profitguide.com I april 2013 10 social success .com How to connect with customers through social media champion of a branded business’s EBITDA. It also transforms what are usually considered the “costs” of applying social networking into “investments” that deliver a tangible, financial payoff. Not only that, but this approach offers the potential to redefine information flows to result in better decision making, enable cultural shift to a more customer-centric perspective and develop new competencies that can drive competitive advantage. SUCCESS AT DELIVERING ROI THROUGH SOCIAL PROFITABILITY A growing number of companies are embracing this view, even if they don’t call it social profitability. Examples include: • • To boost customer-satisfaction levels, RBC applied the social-networking principles of social profitability by implementing a social customer-care system that was integrated with the bank’s traditional call-centre applications. This yielded an 18% rise in customer satisfaction; To improve its purchase cycle, Cars.com leveraged the principles of social networking as it relates to online reviews. By creating the ability for any user to post a review, positive or negative, about a car, the site gained credibility and increased engagement Web pages that had ratings and reviews added to them had a 16% higher rate of conversion, and a 100% • • higher rate of traffic through to dealer sites; By crowdsourcing new product design, Precyse Technologies, a leader in real-time asset and supplychain visibility solutions, saved US$250,000; TechSmith, which provides screen capture and recording software, has saved about US$100,000 annually in staffing costs via the company’s social CRM solution, which uses social-media services, techniques and technology to enable better engagement with its customers. These are all examples of companies applying the principles of social profitability by using social networking throughout their organization to drive profitability. But even these examples don’t show everything you can achieve by taking this new approach. So what else can you do to drive social profitability and get the most bang from your social-networking buck throughout your business? I’ll explore that in Part 2 of this column. David Kincaid has been a leader of branded businesses for more than 30 years and is now managing partner and CEO of LEVEL5 Strategy Group, a Toronto-based firm dedicated to driving profitable growth for its clients through the power of their brand. LEVEL5 was on the 2010 and 2011 PROFIT 200 rankings of Canada’s FastestGrowing Companies. www.profitguide.com I april 2013 11
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