Posts Tagged ‘Social Networking’

Dear Corporate America, stop creating your own social networks!

Wednesday, February 25th, 2009

Every so often a new technology comes along and fascinates and excites businesses and consumers alike. Previously, e-commerce won our hearts. Then we all fell for search engines, and the world wide web was redefined. Now, that new technology is social networking and it’s an exciting place to be. New technology sprouts each week, creating interesting niche networking opportunities for anything you can think of. The world is becoming connected, and businesses are catching on this time a little earlier than they did with e-commerce and search engines.

So what’s the problem? These people are not built to be early adopters. Corporate America, listen up - stop creating your own social networks. You are missing the point entirely, and it’s going to create a backlash that could harm the real potential of social networking. Sears, just because you partnered with MTV, you are not suddenly cool and creating a stand alone social network around back-to-school shopping just isn’t the right thing to do. Let me explain what you are doing wrong, and why.

There are many social networks out there that have become a part of people’s lives. These web based networks are breaking down barriers and connecting people in ways that weren’t previously imaginable. With all this wonderful connectedness, it’s completely confusing why companies of any size would think that they had a product or corporate brand that was SO fascinating as to compete with the likes of Facebook and Myspace. Besides being blindly arrogant to the point of being comical, why does this matter? Because, the value in social media is creating networks and connecting people - not using disparate social networks to separate people. One of two things is going to occur. Either the site will be wildly successful and build a community of like minded people who worship that particular brand and reduce their interactions on other social networks, OR, an extremely small number of people will join your social network and your marketing team will be forced to say that “social media marketing” didn’t work for your company. Which sadly, will not be true at all.

Think about the missed opportunity when a company decides to forgo participation in the greater social community to instead create their own closed network.
1. They are forcing customers to divide their time among networks. (Bad idea)
2. Consumers who choose to participate in the network are connecting with other people already passionate about the product or brand, with no ability to spread the network virally among their other friends online who might not know about the brand.

They lose the benefit of network effects generated by being able to connect to various people with different interests all over the world. These companies who start their own social networks are saying, “I’m happy just serving our existing customers.” It’s terrible, and it’s a total misuse of the technology.

What should they be doing?

Build on your loyal fanbase within existing networks and social media sites to better leverage the network effects of these larger communities. Build affinity groups within Facebook and Myspace, use Twitter to build a network virally, start or join a group on Linkedin…there are so many different ways to creatively use social networking to BUILD a network that will provide much better results than creating your own closed network. FUJIFILM cameras wouldn’t decide to start their own tv channel because tv advertising was all the rage, so it’s not obvious to me why companies like Fuji are creating their own separate social networks because that’s the hottest new technology to hit the business magazine rack.

Can you list some examples of large brands/companies that ARE doing social media well?

Twitter Marketing Statistics from Cherp

Tuesday, September 2nd, 2008
New Blog

We’ve been working hard to finish up our first few case studies, and as a part of that we’ve been gathering data on Twitter users that we feel backs up our case for Twitter as a marketing and branding platform.

Part of our research was to do research on 1000 random Twitter users, and measure the following information:

1. How do Twitter users access their Twitter account? (twitter.com, SMS, iPhone App, Blackberry App, other mobile app, blog or browser plugin)
2. % of Twitter users that are openly with a business (must have a URL to a business website in their profile)
3. Was the business user a techie/designer/other
4. % of Twitter users with an active blog linked from their profile
5. % of Twitter users with blog who actively promote the blog (10% of tweets link to blog)
6. % of users who work in social media in some capacity (non blog)
7. What % of Twitter users follow a brand (defined as a Twitter user using a brand name and a not posting for personal reasons)
8. What % of the brands followed were B2C or B2B
9. % of Twitter users employed in the media (TV/RADIO/NEWSPAPER/NON-BLOG WEBSITE)
10. % of Twitter users with at least 25% of their posts made from a mobile device
11. % of users who are actively promoting something versus simply tweeting
12. # of followers
13. # following the Twitter user

Since most of this information isn’t made public by Twitter, we needed to poll a large enough number to gather better statistics on the more than 2M active users.

For example, according to Compete.com Twitter had roughly 2.25M unique visitors (Quantcast has the number of people visiting Twitter at 1.5M.)

This is that magical hockey stick shaped growth that start-ups consider the ultimate sign of success. These numbers may not tell the whole story. The iPhone App Store offers 8 Twitter specific apps, and 2 others that allow users to post to Twitter. This doesn’t include the large number of blog or browser plugins, downloadable applications like Twhirl and sites like FriendFeed. When you consider this with our research which shows only 50% of Twitter users post from www.twitter.com, that number appears to be far greater.

Facebook may have 100M users, but with a closed network users are limited to a smaller segment of that 100M. Twitter’s open network and integration of search (after acquiring Summize a few months ago) means that Twitter offers the potential for much larger personal networks.

Stay tuned this week for more information from our research and the release of our first case study.

Cherp Reaches the Alltop

Monday, September 1st, 2008

What’s amazing is, we’re just getting warmed up!

Alltop, all the top stories

Cherp Responds!

Thursday, August 28th, 2008

Well, we’ve earned some fans and our fair share of haters (which I think makes us official) in the 48 hours since we launched the website. While there were some comments on Twitter to start the ball rolling, credit goes to Chris Brogan who helped create a remarkable amount of buzz. Since many of you have read his blog I won’t restate. While he wasn’t doing backflips, he did ask the question that I expected:

Mind you, I’m wondering just how creative one gets in 140 characters…I’m all for nifty social media projects, but this one has me wondering. You?

Mashable also was quickly engaged by the idea:

Is this something that’s really necessary, or even a viable business idea?

Of course, the real magic is in the comments. We’ve been amazed by the sheer volume of opinions about this idea. Some really get what we’re trying to do, others are at least very interested, and a loud number seem personally offended by Cherp as if we stood them up on prom night.

We are for real, and we realize it’s both bleeding edge to develop a business around Twitter and equally crazy considering the stability issues and API changes. Those two reasons are also largely why we think this will work - why not let us deal with keeping up with new tech and API changes. We’re not unaware of the risks, but like any early stage technology it’s about getting people to use it in sustainable ways that provide benefits for the time investment one makes.

That’s the question we want to help companies answer, and we think it’s going to require some innovative ideas about how to use a technology that has largely been co-opted by bloggers to help build a network of readers for their blog. Twitter has undeniable SEO benefits, a growing number of users (many of whom are influencers in the blog and tech space,) and they haven’t turned it into an ad network (yet.) What this means is there is this untapped, flexible communications tool with interesting potential waiting for people to come up with compelling ways to use it. And here is the thing, not to poke a bunch of rowdy bloggers in the eye, but Twitter isn’t going to reach critical mass serving bloggers alone. It needs to be engaging for consumers, and provide benefits to businesses, or it’s going to just be an SEO tool for bloggers which will eventually die off.

Cherp isn’t just PR 2.0, and we’re not a web design firm. Cherp isn’t a social network - for that we’re using Twitter and we’ve built it right into the navigation. Cherp isn’t trying to sell some “blueprint” that will guarantee you will be a social media rockstar and earn you a bajillion dollars if you join our membership. Cherp isn’t spending a bunch of venture capital.

Cherp IS a company whose sole focus is to use Twitter as a platform to help brands build an engaging bridge to consumers that provides BOTH ongoing benefits, and we want to do it in really interesting ways. So buckle up and keep this in mind, a bigger healthier Twitter means more opportunities for all of us to connect with new people online. Whether that means distribute our latest blog post, get product or brand feedback instantly, listen to consumers, or launch a new business - it’s noble and probably naive, but we see power in Twitter and we want to help people harness it. Our success will help you too.

Yes, you are a brand now.

Monday, August 25th, 2008

When you speak with many executives and marketers, the concept of a “brand” is something they are comfortable with discussing and frequently can tell you the difference between their brand strategies and other marketing efforts. Having worked with many small businesses, the idea of their company being a “brand” is unclear, as are the strategies that go along with it. Some will argue that their company has no brand, usually due to a lack of logo or “designed” brand identity. But thanks to search engines, it’s time for everyone to realize that yes - you are a brand now. Fortune 1000 companies, small and medium businesses, and even bloggers are brands now too.

If I’m supposed to be a brand, do I need a logo now?

Let’s break the misconception that a brand is intrinsically tied to the ‘logo’ - it’s not. I’m a brand. I write and produce content online under my name, which is how I’m recognized. My name stands for a certain perspective, a particular type of content, a writing style and is further defined by everything I produce. This is a brand - it’s how the world identifies you. IBM needs a clear logo and color scheme so that as diversified as they are, when they release a new product or service offering you can identify it with their brand. Years of being IBM defined their brand, so their logo and the blue color represents how and what everyone feels about IBM. This allows them to do something new or innovative and tie it back using their recognized brand identity (their logo.) When I produce new content, I require other methods of “branding” that content since as an individual I don’t have a logo or branded color scheme. I use my name, picture, or style of writing to “brand” the content as mine. That said, I really would like a logo - I think that would make it all much easier.

What do I need to know about my brand?

Branding strategies are usually built on the idea of crafting a specific message in the market that will move your brand in a particular direction. For example, a company want’s to move upmarket into the Enterprise software space. To do this, they will need to launch a brand campaign around connecting their company to the enterprise. They will likely start with their website, redesigning and (possibly) rebranding completely to present a more “enterprise” friendly brand. Then they will have a SEO expert work their content, launch some SEM campaigns around it, print marketing and email marketing, and if they are smart - they will launch a social media campaign to get some momentum online. Your business is no different. You will need to do all of the same things, possibly in smaller doses, to get your brand “VISIBLE” online and offline. You need to think about your website, and how people find it, and work to “craft” your message about your brand.

You can either take control of your brand online, or bloggers and employees (sometimes ex-employees) will handle it for you.

For small businesses, managing your brand online can be as simple as adding a blog to your website and launching a social media campaign to improve and control your brand’s visibility online. This simply scratches the surface of what you can do to build your brand online, but anything you do will only strengthen your other marketing efforts. Online marketing, blogging, and social media have provided new opportunities for companies to build their brand, but the most important first step is to rethink what that means to your company and to start thinking about yourself and your company as the brand you want them to be.

Twitter makes the news.

Monday, August 25th, 2008

It’s been gaining mainstream buzz this year, but Twitter has finally stepped into the bigtime recently with the Wired article about how Twitter broke the news about the Earthquake. To be clear, “Twitter” the company didn’t break the news, but Twitter users were all tweeting about the earthquake before any major news site had published anything.

Wired said, “Blogs and news sites buzzed the next day about how Twitter had ushered in a new era of communication.”

Most people want to talk about the Twitter business model, and sites like Mashable are all excited about Twitter breaking into the big time, but the article made mention of something in passing that really caught my eye. Towards the end of the article, Wired pointed out how companies like Dell, Jetblue and Whole Foods are using Twitter to communicate with customers. It’s this style of “opt-in” communication that people typically think about when they discuss email marketing. If you’ve ever tried to rent or buy, much less create a useful email list for marketing purposes, you’ve no doubt experienced frustration.

It brings me back to my earlier article about leveraging Twitter to build “communities” and get better feedback from customers - in real time. Products like live chat have created great tools for connecting with customers in real time - but times they are a changin - and now consumers like to wear their brand affinities right on their virtual sleeves (aka: social networks like Myspace and Facebook) and this gives brands a phenomenal opportunity to connect with consumers in a network environment.

So what’s this all mean for the entrepreneur or web business out there, debating about whether or not to use social media to connect with customers and whether it has true value. Debate no more. Social media has gone from being news to making it.