Posts filed under ‘word-of-mouth marketing’
Word of Mouth From the Inside Out
Navel Marketing helps create organizations worth talking about and then arm customers to spread the word. On the surface, this may seem like a simple enough task, but too many companies today focus the majority of their efforts on how to get the word out with little thought as to why someone would care. Whether you choose to use more traditional tactics, such as advertising, or new methods, such as social media, your target market needs to know why you matter before they invest any time or emotion in your brand.
Marketing today is about meaning. Customers buy products but evangelists buy causes. You have to mean something in the marketplace before someone will take notice of your communications and, most importantly, tell others about them. Navel Marketing helps you develop the inner tools that create meaning for your customer, such as a cause, a unique and compelling position, a culture that reflects your cause, a simple repeatable message, a viral customer experience, and more. We then implement word-of-mouth marketing tools to help arm your customers spread the word.
E-Book Readers Are For Influencers
Recently, I was struck by a statistic that was highlighted in a July New York Times article. The article pointed out the fact that Amazon.com, one of the nation’s largest booksellers, is now selling more e-books than hard covers for the first time in history as of the second quarter of 2010. In fact, it was selling almost 1 1/2 times the number of e-books to hard covers. This trend doesn’t show any sign of slowing down either. In the 4 weeks prior to the article, that ratio was approaching 2 e-books to every hard cover.
Many credit the proliferation of e-book readers such as Amazon’s Kindle, Barnes & Noble’s Nook, Sony’s Reader, or Apple’s iPad for driving the consumption of e-books. Though Sony’s Reader has been out for several years, it was the introduction of Amazon’s Kindle in time for the Christmas shopping season in 2007 that launched this rapidly growing trend. The combination of hardware, content, and wireless access was the missing spark that lit the e-book powder keg. It is no coincidence that what started it all was a product called the “Kindle”.
As the proud owner of a Nook, I am amazed at how easy it is to buy, read, and share e-books. I have always been an avid reader (in my adult life anyway), however, I read significantly more with the device than I did before. There are always free e-books that are on promotion and many authors are even giving away the first book in a series in order to get you hooked (I can attest to the fact that it works). I have an e-wishlist with 30 books on it and add one every time I hear about a new book that interest me. Sometimes when I am just sitting around (which isn’t often) or waiting for a plane and get the hankering to read, I just surf the Barnes & Noble eStore to see what’s available.
However, there is an even bigger reason for the growth in e-book sales. In fact, it reminds me of a client I had in another industry. Roaring Springs Water Park is the largest water park in the Northwest. Their season pass program gave the deepest discount to its customers and they considered getting rid of the program. What we did was help them understand that those people who buy season passes were the influencers. They were people who were so passionate about Roaring Springs, they knew they would come to the park enough to warrant a season pass.
Instead of doing away with the season pass program, we helped them add significantly more value through added perks and offerings. One of those was Buddy Tuesdays, where season pass holders could bring a friend for $10. They also stayed open an extra hour on Mondays, just for season pass holders as well as offered a 4th of July BBQ for $1 – again, just for those who were members of “the club”. The result – increased season pass sales and a 30% jump in profit the first year from people who would not only come to the park, but stay longer and spend more money.
How does this relate to e-books? Those who purchase e-book readers are like season pass holders at Roaring Springs. These are the influencers and evangelists. These are those who read so often that they know an e-book reader will be worth the investment. As such, they are shifting their reading habits from regular books to e-books and the book sellers as seeing the shift.
How are Amazon and Barnes & Noble appealing to this crowd? By offering a package of value that goes beyond just buying books cheaper. Those who own e-book readers are part of a club. They get special deals, can lend books to friends, and (in the case of Barnes & Noble) even have dedicated content when you bring your Nook into a store.
What does this mean for the future of the industry? Books will never go away, however, as your influencers and evangelists shift their reading habits you will continue to see a shift in the balance of power. Before, the publishing and distribution process was controlled by a select few. Now e-book readers are making it much more simple to publish and distribute your intellectual property. Barnes & Noble even has a new program called Pubit! that allows to publish your e-book directly to their library. Amazon has its Digital Text Platform which accomplishes the same thing. ePublishing sites like YUDU and Scribd make self-publishing simple and social. The iPad even allows you to have all these ePublishing libraries on one device.
When your influencers are on the move, so goes your industry. The publishing industry is seeing a seismic shift similar to digital music, television programming, and movies on demand. Some might say these earlier movements paved the way. However, one thing is for sure – the book industry is changing forever. Who will lead and who will follow? Who will be caught saying, “it’s just a passing fad”? How will the democratization of publishing affect the quality of the content? All these questions and more have yet to be answered.
Where do you think the growing demand for e-books will take the industry?
Word of Mouth Marketing – Dilbert Style
A recent Dilbert cartoon nailed most companies’ approach to word of mouth marketing:
After you have yourself a quick chuckle, you’ll realize how much truth there is in this simple comic strip. How many companies today have heard of word of mouth marketing as a tactic and decide they need to add it to their “marketing mix”? I know have had too many companies approach me asking if I can do some of that “word of mouth stuff” for them. The problem is that marketing doesn’t happen in campaigns.
Let me share a secret I shared with the attendees at a recent workshop I conducted. The secret to word of mouth marketing is this:
- Create an organization worth talking about
- Engage with your customers
- Arm them to spread the word for you
Notice step 1 is to have something worth talking about. How many companies do you know who miss that first, critical step?
How do you become a company worth talking about, you ask? Check out the “innie” model for a few ideas.
Any examples of companies you have seen who seem to epitomize the comic strip above?
Social Media Exhaustion
There are many pundits talking about social media as a “bubble”. Just as we experienced the recent housing bubble or Internet bubble of a decade ago, they argue that social media will reach a point of diminishing returns. While I don’t believe that social media will ever disappear, there is some truth to this argument that we need to take into account.
I remember a mere 5 years ago I was doing seminars on what a blog is, what a podcast is, and how you use these in a business environment. Those seminars consisted of helping people set up their tools and learn how to use them in a meaningful way. Today, everywhere you turn there is a newspaper article, TV news segment, blog, or social network posting with someone’s opinion about social media, how to use it, and where it is going.
I was driving and listening to a sports talk radio show recently and heard “Tweet of the Day” segments and even interviews of athletes on what they Tweet about. Late night comedy hosts have bits about Facebook and Twitter almost every night. Also, since when did it become hip to plaster a “Follow us on Twitter” or “Friend us on Facebook” logo on every possible piece of company literature? When I saw the phrase, “WWJT? What would Jesus Tweet,” I knew it has hit mainstream America.
So what’s next?
I think many people are beginning to experience what I have for about the last year – what I like to call social media exhaustion. It is not that social media are not valuable. They are simply on overload. You reach a point where you feel as if you are the digital version of Henry David Thoreau. You just want to go find a pond somewhere and build yourself a cabin – sans broadband.
Remember when social media used to be the tool we used to escape all the noise of the advertising world? Now social media has BECOME the noise. We have created the very environment we were trying to avoid.
Is social media a bubble ready to burst? Possibly. The more likely scenario is that more of the classically trained marketers, like myself, are going to find ways to use this one-on-one medium to avoid the noise and establish relationships the old fashioned way… by earning them.
If you are tired of the noise, let us know. Bring us your tired, your worn, your huddled masses, and your fed up anti – Mafia Wars/Farmville/”Business Opportunities”/Group Invitations/Cheap Software activists. Come find rest for the social soul and value for your time. Tell me how you avoid social media exhaustion…
Strategy First, Then Tactics
(The following is an excerpt from the Introduction of the upcoming book Marketing From the Navel: How to Become a Company Worth Talking About and Arm Customers to Spread the Word)
I have a favorite saying by the famed war strategist, Sun Tzu, that says, “Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” In the marketplace today, there is a lot of noise. Anyone who learns how to use Facebook is all of the sudden a social media “expert” and the bookstore shelves are littered with publications giving their take on what this new reality means from a marketing perspective. Most of this literature tries to tell you what is going on in the market but few give you the tools to do something about it.
If you were looking for a Twitter or Facebook “tips and tricks” book, then you have come to the wrong place. There are plenty of excellent publications available that will help you hone your skills in one particular technology or another. There are some publications that will give you a task list (i.e. “write a blog”, then post it on Facebook, then Tweet about it). Others will give you a list of rules for online etiquette.
Stephen Covey talks quite a bit about “paradigms” in his writings, such as The 7 Habits of Highly Effective People. A paradigm is a mental map, or the way in which we see the world. He uses the analogy of an iceberg to illustrate that the tip of the iceberg is our behaviors or our attitudes. If we want to make small changes in life, we work on the tip of the iceberg. However, if we want to make large, quantum changes, we work on the mass of the iceberg beneath the water, which is our character. It is as Blaine Lee states in his book, The Power Principle, “The principles you live by create the world you live in; if you change the principles you live by, you will change your world.”
I believe organizations work the same way. For so many years, we have operated under a certain paradigm. The industry as a whole has been making small changes by simply changing their tactics or their attitude about the consumer revolution. We have merely added social media or viral marketing as arrows in our quiver. I want to do more than change your list of tactics, I want to change your paradigm. I want to change the way you think about marketing.
Secondly, you most likely hear a lot of “noise” in the marketplace about new marketing tactics and how the old ways are dead. The Internet bubble of the late 1990s taught us many lessons about hype versus substance. The biggest lesson of all was that core business principles don’t change, but remain constant. For example, you still need a business plan that will generate revenue at some point (being bought out for millions of dollars because you have a lot of users doesn’t count). Also, cash is still king, and the faster you burn through your venture capital money, the faster you will make it to the unemployment line. This is the reason Amazon.com is still growing, yet Pets.com is a mere sock puppet memory. The Internet bubble taught us that though the delivery mechanisms may change, the core principles stay the same.
While there is significant hype about new forms of marketing, whether it be new media, word-of-mouth, or simply new places to plaster ads (i.e. cell phones, urinals, bases in baseball stadiums), there is a risk in all the hype. People are again forgetting the basic principles of marketing that still apply and are more important than ever. Like core principles in the universe (i.e. do unto others as you would have them do unto you), there are core principles in marketing that never change – despite the tactics. Many of the technology tools available today, such as Facebook, Twitter, or LinkedIn didn’t even exist 5 years ago. The tools may change, but if you understand the principles you can be successful no matter what the hot new technology is.
In the following pages, you will hear familiar terms, such as “positioning”, “customer segmentation”, and “customer experience”. Do not be alarmed! These are simply some of the core principles of marketing that, when applied correctly in the new paradigm, are just as powerful and more relevant than ever.
In this book, I introduce two separate models. The first model will help you develop a company worth talking about. This is the strategy component. Before you do anything online or off, you have to create something worthy of our attention, worthy of our passion, and worthy enough to pass along. Otherwise, you will merely create the “noise before defeat.” The second model takes the buzz-worthy organization you have now created, and shows you how to deputize your own customers to take your message out and spread the word. This is the tactical component that will help you achieve a quick “route to victory.”
There were many who were too comfy in the existing power structure and existing paradigm. Marketers controlled the message, the medium, and the content. Today, they are no longer in the conversation, and that elicits great fear in executive corridors and ad agency war rooms. However, those that embrace and implement the following models and principles will find that it is an amazing time in our profession. Never before have we been able to engage with each consumer on a one-to-one basis. Never before have we had the key influencers in our target market gathered together in a central location. Never before has a message been able to spread so quickly.
All you need are the tools… the tools of the revolution.
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How to Arm Customers to Spread the Word
Up to this point, I have emphasized the Navel Model for creating a company worth talking about. It is critical that you do this piece first. As the great military strategist, Sun Tzu, once said, “Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” Most literature in the marketing realm is about tactics. In social media, people go right to Twitter and Facebook. In advertising they go right to the 30 second spot or the full page print ad. However, in order to have successful tactics, the strategic pieces need to be in place first.
Once you have created an organization worth talking about, the next step is to arm your customers to spread the word. It doesn’t matter what the medium is, the process remains the same. The six steps below work especially well in social media, but also work in public relations, advertising, direct marketing, or any other medium. The six steps below are also not linear but are circular because they are not always done in order. By implementing the steps below, you can better find your target influencers, arm them with tools to spread the word, and amplify their efforts.
- Publish – There is an argument in the social media space about whether content is king or conversation is king. The reality is that both are important for successful word-of-mouth. Content without conversation is advertising – it’s one way. Conversation with content is chatter. It is social media strictly for the social benefit. The first step is to publish great content. With all of the tools available today, there are many mediums you can use – it simply depends on your audience. If they have time to read and revisit often, then right a blog. If they are more inclined to download content and listen at a later date, then a podcast may be the best option. If they learn visually and your content is meant to be demonstrated, then produce a video series, or vidcast. For tools, check out WordPress, Libsyn, and YouTube. If you want to know what to write your content about, always think “educate and advocate.” Provide educational insights, how to’s, or insider information. When advocating, look to the cause you created in your Navel Model.
- Syndicate – Now that you have produced great content, step 2 is to find all the places you can share that content. Obviously, Twitter, Facebook, LinkedIn, or other online communities are a natural fit, however, also consider how you can share this content in your advertising, PR, and direct marketing efforts. Link to it within your social communities. Use snippets in advertising. Use it to pitch editors to cover important topics about your company or industry.
- Integrate – The amazing thing about where technology has come from in the recent past is that today, everything talks to each other. That means you can spend less time and get better results from your efforts. By integrating your blog utility with your social communities, every time a new post is created on the blog, it can automatically be posted to Twitter, Facebook, LinkedIn, and more. Every time you Tweet it can update your status in Facebook, both your personal profile and your business pages. The key with integration is to amplify your efforts.
- Converse – Referring back to the argument under “Publish”, once you have great content, the next step is to talk about it. Talk about your content. Talk about others’ content. Talk about a recent lesson you learned in your business. The key is to talk. Dare to be human; to be more than just a brand. The more personal you can be, the more others will grow in affinity for your brand and share it with others.
- Help - This is the concept upon which social media was built – people helping people. The Golden Rule is as applicable in social media as anywhere else. The more that you help others, the more benefit you receive in return. This is where you solidify your customer evangelists. It can be something as simple as re-Tweeting their Tweets or something more complex, like writing a blog post about them. You can answer questions on LinkedIn (and syndicate by linking to your content) or you can comment on another person’s blog. These are all forms of help.
- Monitor – Lastly, one of the most powerful aspects of social media is that it is infinitely searchable. I can monitor conversations going on almost anywhere in the social web and (politely) engage in the conversation. I can measure how much chatter there is online about a particular brand. I can even automate monitoring so that I am instantly notified when a conversation is taking place. The ability to monitor online conversations is one of the most important aspects of the social web and the reason it is one of the fastest growing marketing mediums today.
With the six steps above, you create great content, share it in as many places as you can, make your technologies talk to each other, engage with others, be helpful, and monitor conversations in order to start the cycle all over again. If you have done your previous work, such as creating a position, cause, culture, and message, you’ll know what to share and converse about. While you may go through the Navel Model only once in a while, the above steps will be a daily to do list.
With the six steps above, you can adequately arm your customers to quickly spread your message for you. Which do you do already and which could you improve upon?
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The Twitter Business Model
To many, that title seems to be a bit of an oxymoron. The question I am often asked is, “how does Twitter make money?” At the risk of writing yet another commentary on the popular micro-blogging network, I think a bit of an explanation behind how Twitter got to where it is today is in order. I think there is a valuable lesson to be learned in how Twitter, almost by accident, became one of the most powerful social media tools in existence today.
As I have explained previously, Twitter is a simple enough concept – 140 characters, follow people and they follow you, answer the question “What are you doing?”. So why did it grow almost 1400% last year? People already had ways to communicate with each other. Isn’t it a bit of instant messaging combined with e-mail? In my opinion, the answer to “why Twitter?” is simple.
The key is that Twitter would not be nearly as useful, nor successful, without the slew of 3rd party tools built for, and that interact with, the platform. If you ever listen to one of the founders of Twitter talk, you’ll hear that it started out, really, as a side project. It was something created so that developers could communicate with each other while working on another project. What they built was a simple communication platform with an open API (that’s geek talk for a “plug” where you can have the software you write talk with the existing software).
One of the first useful tools to pop up was a search engine that could search the entire “Twitterverse” and identify anytime a particular search term was “Tweeted”. Now you could not only talk with people in your immediate circle, but you could actively search out others talking about topics you were interested in. In business terms, this was the golden goose. Obviously, Twitter felt search was critical enough that it actually bought popular Twitter search provider, Summize, in the summer of 2008. You can now go to http://search.twitter.com and search for any topic you would like. In fact, Twitter has even integrated search into its new home page design.
In no particular chronological order, some of the other tools that made Twitter what it is today are:
Desktop Managers: Much the way Microsoft’s Outlook or Apple’s Mail make e-mail so much more accessible, organized, and useful, a desktop manager makes Twitter so much more useful. No longer do I have to use the limited funtionality of my Twitter web page (though it is improving). I can have my Twitter stream divided into columns so I can see all of the people I follow, my replies, and my direct messages in a single glance. In addition, a good desktop manager will fully integrate search so you can automate your conversation monitoring. My two favorite desktop managers are TweetDeck and Seesmic Desktop. TweetDeck is great for most, however, Seesmic has many added tools for the power user, such as multiple accounts and the ability to automate many different search terms. Both also integrate Facebook status updates. However, I really enjoy Twitscoop integrated into Tweetdeck so I can see the trending topics in the Twitterverse.
Auto Feeders: This allows you to take any RSS feed and automatically shoot it over to your Twitter account with a link. The king of the heap is Twitterfeed, which allows you to now automatically post things like blog posts to Twitter. This can also be extremely powerful when intergrated with a social tagging service. With the addition of this one simple tool, Twitter has become the most powerful content aggregator in existence.
Follower Tracking: Now you can manage who you follow and who follows you with tools such as Friend or Follow. This allows you to quickly see who you are following that is not following you back. In addition, you can see who is following you but you are not following back. You can get a quick idea of who the Spammers are on Twitter and the ones trying to game the system.If you really want a blow to you self-esteem, you can even sign up for Qwitter, which will send you an e-mail when someone stops following you and the last Tweet you sent so you can see if something you say rubs someone the wrong way.
Automated Monitoring: Closely tied to the search functionality, you can use a service such as TweetBeep or TweetLater to automatically e-mail you whenever someone Tweets about a particular search term. It makes conversation monitoring automatic. In addition, with TweetLater, you can automatically follow or unfollow someone when they follow or unfollow you and can schedule Tweets to go out at a later date.
There are literally hundreds of 3rd party applications built on the Twitter platform, and I use that term for a reason. Twitter has really become the backbone communication vehicle. It is up to you to come up with your own cocktail of tools to make it the most useful to you.
The question, then, always come back to how Twitter makes money. The short answer is – they don’t. However, as noted author and smart guy, Don Peppers, says, “what’s more important today, capital or customers?” The answer is obviously customers. If I have customers, I can get capital, yet it is always the capital that we are measured by, isn’t it?
With 32 million unique visitors last month, which was 13 million more than the previous month, Twitter definitely has the customer base. The fact that there is a feeding frenzy from the biggest brands in technology, such as Microsoft, Google, Facebook, Apple, and more throwing 10 figure numbers at Twitter goes to show that where there are customers, there will be money. However, now there are a myriad of ways to monetize a customer base of that size. You can:
- Monetize with the old standard of display advertising (though I wouldn’t recommend it)
- Take the Google approach and go with contextual advertising
- Charge 3rd party software vendors to “plug” into Twitter
- Charge commercial users for added value
- Sell the data to big brands on the back end for focus-group-type purposes
- Charge companies to add increased functionality to their home pages
- Or any one of a plethora of revenue models
Simply put, the possibilities are endless. So the answer is that Twitter may not make money right now, but it possess something much more valuable – the hearts and minds of passionate consumers worldwide.
What about you? What are some of your favorite 3rd party Twitter applications? What are some of the ways you think Twitter might be able to monetize its customer base?
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Why I STILL Love My iPhone
Lest we get into a tussle over who’s phone is better (mine is, of course), this post is less about a cool toy (OK, WAY cool) and more of an illustration of a company that has created a phenomenal customer experience. Admittedly, I am a bit of a gadget geek. I have been using smart phones since the last millennium and I have an insatiable appetite for the latest new gadget. From the Palm VII to the Samsung I300 to Windows Mobile devices to the Blackberry in all its forms; I have used them all. On the technology adoption curve, I most definitely fall into the innovator category.
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- Image via Wikipedia
As a side effect of my obsessive compulsive disorder, however, my attention span for a new device typically lasts anywhere from 8 months to a year. That is when I start eying other devices and dreaming of how cool my life would be if I only had them. It is not that my current device doesn’t serve my needs, it is just that, well… the grass is always greener elsewhere, right?
The other day I was reflecting on the fact that I am now going on almost 2 years with my iPhone and still haven’t felt the itch. It was as much a shock to me as anyone, but then it led me to the next question – Why? While I believe it is true that every moral lesson in life can be taught using a sports analogy, I also believe that every great marketing lesson can be learned from the products and services we use every day.
In my Navel Model, step number 6, “Experience”, always seems to be the least understood. I believe this is because the term “customer experience” has reached the level of cliche. People think customer experience means selling things in a nicer way. They have simply replaced “customer service” with “customer experience” when in reality, brands who deliver an experience have superseded simply selling a product. Starbucks‘ success came from moving away from selling coffee to creating an environment for meeting, relaxing, and thinking… that also sells coffee.
What are the ingredients of an amazing experience? Let’s use the iPhone as an illustration of what I call the “3 C’s of a superb customer experience”:
Customized: Every customer wants to feel like they are the only customer. Every customer wants an experience that is uniquely theirs. The first step in creating an amazing experience is to customize it to each individual customer. While the iPhone is a single device, I would venture to say that no two iPhones are the same. You can not only add whatever applications that you want from the App Store, you can rearrange the icons on your screen in whatever order you want. There is a strip of 4 applications along the bottom of your screen that stay the same no matter what page of icons you are on. Even those can be customized to be whatever applications you want. Every iPhone is personalized with accessories, ring tones, movies, music, web bookmarks, and more. Rarely do two iPhone owners use it in exactly the same way.
Not only are the phone and its accessories customized to the user, even the service and support are. Obviously, you can select your plan, but when you call in for support, my experience has been that every support technician makes you feel like your problem is the only thing he or she has to work on all day. I posted a blog about an issue I had previously and not only did the support tech walk me through it without giggling at my stupidity, he sent me a follow-up e-mail with some additional information and his personal contact info. I truly feel ownership of not only my iPhone, but of the entire Apple experience.
Consistent: At first glance, it may seem that a consistent experience is at odds with a customized experience. However, there is nothing that can kill a brand faster than a great experience the first time and a horrible one the next. In order to truly create an experience, it has to be consistent both with each customer interaction and at each location. Sometimes this is accomplished through technology, sometimes through training, and sometimes through an established process. In the case of the iPhone, I have come to expect phenomenal service, amazing technology, and simple-to-use interfaces with each contact I have had with the Apple and iPhone brands.
Constant Improvement: The beautiful thing about the free market is that if you are doing something right, inevitably your competitors will copy you. Take the Starbucks example I gave earlier. Today, Starbucks is not quite the star that it used to be. It is being attacked on all sides by competitors, most of them local brands offering something unique. They are currently going through a re-invention phase and cutting back stores. It is not because their product quality has suffered. In fact, by most accounts they still have the best coffee in town. No, it is because they stopped innovating when it came to their experience.
This is probably the area where the iPhone has excelled more than any other. While it’s true that Team Jobs makes an unbelievably cool product, they aren’t simply happy with the status quo. I have seen the evolution occur before my very eyes. I was ecstatic when I first bought my iPhone and could carry one device that was a phone, e-mail, music, video, and Internet device. Then came version 2.0 of the software that allowed me to add ring tones from my songs, move my applications around, and add new applications from the App Store. Just today, I have finally been able to add Skype to my iPhone in its native format and can now access all of my social networks and utilities right from my iPhone. With each new application comes a new and improved experience.
As always, Mr. Jobs has a habit of re-inventing industries and has done it again with the App Store as much as he has with the iPhone itself. Just as the iPod was created to sell songs through iTunes, the same holds true with the iPhone and the App Store. He has been able to do what no other carrier or device manufacturer has been able to figure out, and that is how to sell ancillary services beyond voice and data to consumers.
More importantly, however, I still love my iPhone because I love the experience. It is MY iPhone, unlike any other. I get the same experience everytime I interact with it. It keeps getting better all the time. My guess is, I’ll be an iPhone user for a long time, especially since I hear talk that the next version may have video (but that brings us back to my obsession).
What brands do you see that have created a superb experience based on the 3 C’s?
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Top 25 Social Networks
Recently, Compete.com posted new statistics on the Top 25 Social Networks ranked by monthly visits. While many social networks like to tout their number of users, monthly visits is a true measurement of usage. In other words, which social networks are getting used? The numbers are below:
(Credit Compete.com)
As you can see from the numbers, Facebook has taken over the top spot from MySpace and previously little known Twitter has climbed to the third spot after the two behemoths. In fact, if you read the original blog post on Compete.com, you will see a few other graphs that show MySpace’s numbers falling while Facebook and Twitter continue meteoric rises.
What’s even more fascinating is that, according to the CNET News blog, these numbers only represent web browser traffic in the U.S. According to writer Caroline McCarthy, “That means that you won’t be pulling in any international numbers, where most of Facebook’s users are now, or data from widgets or third-party applications, which are how many avid Twitter users access the service. That means that it’s likely that Twitter’s reach is bigger than the numbers indicate.”
How does this apply to you? I have often told people in conversation that I am an early adpoter when it comes to social media, which means I am not the innovator who jumps on every new technology in its infant stages but wait for a certain mass before it has business value. I follow many innovators (such as my friend Tac Anderson or Joseph Jaffe) in order to keep my finger on the pulse of what is the latest and greatest, but look for networks or technologies that can really add value for clients. If you want to know whether a social networks would add value to your business, the 25 networks above are a safe bet.
That being said, I have always held true to the notion that focus is better than mass. If there is a small social community out there that is extremely targeted to your core audience, then you need to be an active participant. Sometimes, these social communities are housed within existing networks, such as the 25 above, and sometimes they are separate. As I mentioned in a previous blog post, the web is a collection of coffee shops with people around a table chatting. You need to find the coffee shop that best fits your audience and get involved.
As an old economics professor of mine used to say, “there are lies, damn lies, and then there are statistics”. While one thing that blogs are great for is spewing the latest statistics to prove a point, one thing is true. With numbers even close to these, businesses can no longer argue with the value of social media in facilitating and participating in conversations.
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Marketing From The Navel
I often get asked about our strange name. Many times I even get blank stares when I explain the term “navel-gazing”. However, I chose the name of my company and my book very carefully, and it wasn’t just because I wanted to make people giggle (OK, it was partly that).
For those who know me, they know I have worked with dozens of companies all over the world. Through my experiences, I have seen both amazing successes and giant failures (and been involved in both). Throughout these experiences, I identified a pattern. For a while, I couldn’t put it into words. I tried “Honest Marketing” or “Transparent Marketing”, but none of those really fit.
I finally realized that each of the companies who were successful marketed from the inside out, where the ones who failed miserably were the ones who marketed from the outside in. In other words, the companies who succeeded developed their internal tools, processes, and culture and used marketing tactics to simply communicate what they had already become. THe companies that failed wanted their communications to reflect an image of what they wish they were or what the customer wanted them to be – they wanted to put lipstick on the pig.
There are many who come to Navel Marketing for our social media marketing services. Without fail, however, they have missed many of the steps it takes to create a company worth talking about. So we start at the beginning. We start by creating a cause, identifying what truly makes them unique, and creating a culture that reflects their vision (for a complete list of steps to create a “buzz-worthy” company, see the Navel Model). Once these steps are completed, the tactics are the easy part.
I have seen a lot written lately about what constitutes a true “social media marketer”. I even wrote about this fact a month or so ago myself. Many base it on their knowledge of the tools or their proprensity to approach marketing as a conversation. However, it is my belief that they are all still lacking core component – what are you going to converse about? What about you is worth talking about?
Whether you use social media, advertising, public relations, direct response, or any other form of marketing, it all starts with strategy. It all starts with creating a company worth talking about. Once you’ve done that, the rest falls into place.
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