Category: Twitter

conversation

Escape Social Media FOMO: Ask the One Right Question

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If your company or brand is trying to have a presence in every social media outlet possible, you might have social media FOMO (fear of missing out). But fear not, there is a cure, and unlike consumer FOMO, you don’t need to stop marketing completely.

“Don’t I have to be on every social media outlet? How will I find my prospects and customers?”

If you’re asking this question, you probably already have FOMO. You can escape FOMO with one simple question:

“Is this the media in which my prospects prefer to establish relationships?”

EAT24, in what is now a well-publicized move (much to their benefit), recently broke up with Facebook. If you haven’t done so already, you should read their tongue-in-cheek-but-entirely-serious rationale, as well as FaceBook’s response.

What they really are saying is they don’t believe social media (specifically FaceBook, but this applies to any social media) is about blasting out ads to their fan base. Rather, it is about establishing relationships and raving fans. They conclude, given that FaceBook allows them very limited organic reach, they cannot succeed in engaging their fans and building relationships (even those based on sushi porn) in this particular media.

Will this cost them exposure? Yes. And while I have no inside knowledge of their media strategy, it’s easy to conclude there are other media which are more effective for their prospects.

They could buy more exposure on FaceBook, but it’s also obvious that the amount and depth of engagement is simply not worth it — there are better places to spend that marketing budget.

Applying the test above, it becomes clear their customers and prospects don’t really prefer to build relationships on FaceBook, so it’s not worth spending the time and money.

In another recent high-profile move, OKCupid strongly urged its customers not to use the Firefox web browser on their site, due to the homophobia of Brendan Eich, the now-former head of Mozilla, the organization that publishes Firefox. Given Firefox’s 10.5% market share (source: netmarketshare.com April 2, 2014), this could be a risky move.

Firefox isn’t a social medium, but it is an important means of accessing OKCupid’s services (and every other service online). OKCupid is making two statements with this action: 1) their customers and prospects care about equality and will act on that belief, and 2) it’s easy to engage with them using another browser (Chrome, Safari, etc.).

Applying the test above, OKCupid clearly believes that once the information about Eich’s homophobia is known, Firefox is not where its prospect and customers will prefer to engage, so it does not feel the need to be easily available in every browser.

Back to your brand: How much time and effort are you investing in making sure you are available everywhere — on every browser, every social media outlet and everywhere else? Are these time and budget investments well-spent? Do they have the expected or needed ROI?

You know who your customers are. You know which prospects you are trying to target. Make sure you’re spending your time and money doing what they need you to do to build those relationships.

So before making an investment in a new media outlet, ask yourself: Is this the medium in which my prospects prefer to establish relationships?

It’s a surefire cure for your FOMO.

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Brand

Just Ask

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At this morning’s Social Media Breakfast (great discussion with Anneke Seley, author of Sales 2.0 on using social media in sales), I was talking with Sue of KITList and Clare about how to improve the conversation and engagement of the thousands and thousands of KITList members. The three of us wrestled with updating the blog, creating an e-mail discussion list, maybe a social media service presence (Facebook, Twitter?), but we weren’t really sure what would engage the large and very diverse group that is the KITList membership. Then came the “a-ha” moment:

Clare said “Why don’t you ask your members?”

Which is, of course, applying the basic social media principle to figuring out social media.

Marketers are always working hard to understand customers, prospects and future prospects better. We think we’re pretty good at asking people in our market what they think, want and need. We also think we’re pretty good at translating often disparate answers into a coherent theme that then, we hope, guides our strategy.

Where this morning’s conversation started was in the “market research” mode of asking a few people. Sue asked me and Clare, and told us she had asked a few others, but still had no good answers. So a few hours later, she wrote a blog post (and sent an e-mail) to the members and asked everyone.

A few hours later, I saw the news that Facebook, after the recent debacle, has now decided that changes to their terms of service will be open to discussion by all members and subject to vote of the membership (Can’t you hear the lawyers cringing?). A social media icon now adopts real social media practices in a way that much of the technology industry is proverbially famous for not doing for so many years. This means no more misunderstandings (we hope) and terms of service that the community of Facebook members actually wants to abide by (I’ll refrain from a rant on the use of self-interest as a motivator being better than the threat of lawsuit). Facebook is actually asking everyone, and the result is almost certain to be a service that’s more appealing to its members.

Not everyone will answer. But I can’t think of a better example of how to learn what your whole market thinks, and not just the select few you’ve chosen for research. This is not quite crowdsourcing, but it’s close, and it uses some of the same ideas about collecting opinions from many, many individuals.

So when you want to know what your customers, prospects and market really want and need (and I hope you always want to know), do you let a select few speak for everyone? or do you really ask – everyone?

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Buzz

The speed of buzz

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Earlier this week I watched Robert Scoble on his book tour talk about his ideas on how blogging from within a company changes the nature of the conversation with the customer. He should know – and I agree with most of his premise (I’d disagree that ‘buzz’ is unique to the blogosphere, but it’s certainly different).

The core of the message was that the blogosphere is both diverse and current, and therefore it’s possible to discover new and interesting things very quickly. That can apply to everything from news to products to gossip. Buzz travels faster in the blogosphere, and there are more (and presumably better) opinions and perspectives.

Then, he brought up Twitter. It’s pretty unlikely you’ve never heard of Twitter – the ‘buzz’ on Twitter as spread quickly, and interestingly often by using Twitter itself. But if you haven’t, it’s essentially a communication vehicle that allows you to be in a virtual conversation with all of your “friends” all of the time by web, IM or mobile phone. It’s fast, slightly addictive, and at least at first a bit overwhelming. (Add me to your Twitter friends if you want to try).

Here’s where it got interesting. We used to learn about new things in time units of days. Newspapers and daily news shows and the like brought us interesting and up-to-date information. Just two months ago, we were learning about new things in hours (sometimes minutes if you happened to be paying attention). Blogs, podcasts, even IM, chat and text messages took a short time to travel around, and we found out about (or our friends told us about) the cool new thing.

Now it’s seconds. I can watch the Twitter streams of people I know will have the latest information. I can spread information to my friends (or anyone who will listen) in a matter of seconds. They can do the same for me.

The marketing perspective? This changes the game. Remember those weeks (or for some of you, months) you spent planning your launch? beta-testing your site/service/product? Well, now, as soon as someone thinks it’s worth talking about (and that can be because it’s cool or because they hate it!), they can tell everyone they know in a matter of seconds. Are you prepared for the rush of attention?

And are you prepared to admit that you’ve now not only lost control over the message, but that old-hat “we’re not ready to make this widely known yet” – sorry, I’d have to say that if Scoble (or anyone who becomes widely followed) twitters about it, it’s widely known.

If you don’t believe it, look at the exposure Twitter got on blogs and in the news within just the first month or two after opening their site (search Technorati if you don’t believe me). And the most talked about topic on Twitter? Twitter! (maybe McLuhan was right…)

The point: The speed of buzz just got a lot faster. Maybe the speed of information did also.

This means you have to be prepared to be very public and, to use the current jargon, transparent, much faster and much more readily. Your audience will form opinions much sooner than you expect, and you won’t have much opportunity to influence them.

If what you’re offering is great – good for you – you have a good chance at a rapid success. If what you’re offering meets with disapproval, your audience will know it and move on just as quickly.

I don’t know if Twitter will be the ultimate way that the speed of buzz takes yet another leap, but it’s proof that the leap will happen. Get ready.

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