Posts tagged ‘Twitter’
If Social Media Were a Planet…
Many people refer to their geeky friends who spend all of their time in social media land as “living on their own planet.” Well, apparently now there is a map of that planet.
A recent Mashable story showcased how the social media landscape has changed in a short 3 years. Back in 2007, web comic XKCD published the original “Map of Online Communities”. If you visit the Mashable article, you can see the original compared to the latest rendition. Notice how the relative size of communities and online tools have changed between 2007 and the one created for 2010 by marketing firm, Flowtown, below. Twitter didn’t really exist back then, MySpace ruled the world of social communities, and “Farmville” would likely get you some strange looks.
Though many social media “experts” would have you believe that social media marketing means getting thousands of followers on Twitter or friends on Facebook, the landscape is always changing. I have often said that the tools will come and go, but the principles of marketing in a connected world will not. You still have to create something worth talking about, no matter the community in which your customers choose to talk about you.
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…
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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Facebook, Twitter, LinkedIn…Oh My
I recently wrote an article in Eagle Magazine on social media and the 3 major networks. This covers the basics of social media and the reason behind the phenomenon. I have reprinted the article below. Enjoy:
Facebook, Twitter, LinkedIn… Oh My: Social networking isn’t limited to coffee shops and cocktail parties anymore
There is an analogy I often use in my seminars to describe how social media has not only shaped the evolution of the Internet, it has changed how we interact as a society. When you go to any coffee shop in town, you will find small tribes of people gathered around tables and comfortable couches, favorite beverage in hand, simply chatting about everything from relationships to what was on TV last night. These bands of socialites have simply moved their discussion from a face to face interaction to what can only be described as the “Virtual Coffee Shop”.
The web has become simply one giant coffee shop, with groups huddled around computer monitors discussing everything from green living to cancer to cars. As these conversation technologies evolve and new tools emerge, the need to discuss important topics in our lives any time of the day or night becomes even more compelling. Social media technologies are just an extension of our daily interactions with those in our lives.
Take Twitter for instance. Three years ago this 10 million strong (and growing) social network was merely a gleam in some programmer’s eye. Today it is the fastest growing social network on the planet. According to Mashable.com, the social web’s source for news, Twitter grew 1382% in year-over-year growth as of February 20091. The media is replete with mentions of Twitter. Jimmy Fallon uses Twitter to solicit questions for guests on his new late night talk show. Shaquille O’neal uses Twitter to interact with fans and give away tickets to games. Major brands are searching the “Twitterverse” to monitor conversations about their brands in order to contribute to the discussion.
What is Twitter you ask? It was built on the notion that anyone could describe what he or she was doing at any moment in 140 characters or less. In practice, it has become a valuable tool for building deeper relationships through much more frequent contact and for aggregating content from many other sources on the web. Twitter can turn you into a mini “rock star” by creating your very own media channel to which anyone can subscribe.
Another network experiencing exponential growth right now is Facebook. A mere 5 years old, Facebook currently has 200 million users and is growing at a pace of approximately 1 million users per week. To put it into perspective, if Facebook were a country, it would be the 6th largest in the word based on population. When my 59 year old mother communicates with me regularly on Facebook, you know it has leapt from the land of geeks and bleeding-heart teens to mainstream.
While Twitter is like being in a busy coffee shop trying to hear your friend over many different conversations going on at once, Facebook takes a more segmented approach to online conversation. First of all, your home page is a news feed that shows only the changes that have been made to the profiles of those in your network. Second of all, you can join groups, become a fan of your favorite business or artist, and even play interactive games with those in your network. It can be both a time waster as well as a valuable business tool. In fact, most people will tell you it has even become one giant high school reunion for them.
Twitter and Facebook serve as that unique intersection between your social and professional lives. They can be valuable business tools or simply a way to stay in touch with family and friends. LinkedIn, however, is all business. In its simplest form, LinkedIn is an interactive resume and Rolodex. In practice, however, it is the online version of the business cocktail party, without the constraints of time or space. You can make introductions, provide a recommendation for those you have worked with in the past, and even ask for help from your network on a pressing question you may have. If you are a professional, own a business, or work in an field you would consider a “career” you should be on LinkedIn.
While the networks may come and go (MySpace is on the decline, for instance) one thing is true. Social media has brought the world together. No longer are we limited by time or space, but we can stay in constant contact with those that matter most to us. If you haven’t yet made the plunge, there is no better time to jump on the social media bandwagon. There is plenty of company.
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Why Should I Use Twitter?
I get this question a lot, so in an effort to answer the question once and for all, I thought I would write a blog post about it. To start out, I have to admit, I had the same question. I made fun of Twitter for a year before I started using it. Like I always say, I don’t even find myself mildly interesting let alone believe anyone else will. I am going to echo something that you often hear when people refer to Twitter – “you don’t understand it until you try it.”
First of all, I don’t like the way Twitter explains itself. They say it is a network of people answering the question, “What are you doing right now?” However, the people who only do that have few followers since nobody wants to read “I am eating a sandwich” 10 times a day.
The best description for Twitter is that it is THE aggregation tool. It is one of the best tools available for short snippets of content along with links to rest of the content. It is a phenomenal tool for blog promotion. It is a great tool for finding and sharing great content with others. I read all of my news and blogs on Twitter. It is the portal to all great content.
From a marketing perspective, Twitter is like having your own TV or radio station. You have a group of people raising their hand saying they want to receive your content. It is the ultimate in permission marketing. People can choose to follow or unfollow based on much they like your content.
But don’t take my word for it. I threw the question out on Twitter and Facebook and asked, “Why do you use Twitter?” Here are some of the answers:
Norris Kreuger said: “3 reasons: #1: Missed too much that’s not posted elsewhere, #2: Another way to connect with out of town folks, #3 Need a new addiction”
Brandy said: “I’ve got to have SOME outlet for these random thoughts! It iniates conversations between friends that may not normally happen.”
Richard Paul said: “To expand my circle of influence, connect with people interested in my subject matter, and create new friendships.”
Sharon Fisher said, “1. To get and give pointers to information. 2. To keep up with my friends, news, and people in Idaho.”
Tobin Rogers said: “It’s so quick to connect with people within your industry for networking. You can see what other local professionals are working on. It’s just another great tool.”
Jen Harris said: “Because those are the people I REALLY want to be around.”
Tony Courtwright said: “Simple and real-time communication with industry experts.”
Mark Brummett said: “I follow celebs. (none of my friends have it) But I like knowing what people are up to in real time.”
Dave Bourff said: “‘Cause I can.”
Edward Dunn said: “Socializing, networking, sharing business ideas, learning new ideas, letting everyone know what I had for lunch. Cuz who wouldn’t want to know that?!:-)”
Christopher Barger said: “Because audiences are there.”
No matter what your reason for using it, there is value in Twitter for many different purposes. The only thing I can say is try it. I’ll be your first follower.
How do you use Twitter?
Update: I just saw a great presentation on Twitter by one of its founders, Evan Williams, at the TED Conference. Twitter evolved from what they had initially thought it was going to be and this 8 minute talk does a great job of giving you the history of the evolution. Watch the video here.
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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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Be Your Own Media – Hollywood Style
We created the term “Be Your Own Media” when I was at BlueLine Marketing. We even hosted two well attended conferences entitled “Be Your Own Media. But what does it mean?
Simply put, it means that you no longer have to rely on traditional media to be the gatekeeper for your information. You no longer have to rely on “prayed” media to get your message out. With the tools available to you through social media, you can become your own media outlet. You now have the opportunity to speak directly to customers, fans, and shareholders.
Recently, I was impressed with a powerful example of Being Your Own Media. While Twitter has become a great place to stay in touch and build relationships, it has also become an excellent place to build your own media channel. You are no longer limited to paying for time on TV or radio, but you now can build your own channel of communication.
If you do some surfing around Twitter, you can find some of Hollywood, music, and professional sports’ biggest stars. For some examples, check out the Twitter pages for Diddy, Ewan McGregor, Ashton Kutcher, Maria Shriver, John Mayer, Gerard Butler, Shaquille O’Neal, and more. Why would so many superstars become active users of such a casual conversation technology?
One reason – to be their own media. As my buddy Ashton Kutcher said, “We are taking over our own tabloid media.”
When you have been hounded for so long by paparazzi and tabloid journalists, the ability to tell your own story can be incredibly liberating. Rather than being rendered helpless to fight the tabloids only in the court systems, they can now fight in the court of public opinion?
In my opinion, this marks the beginning of the end for yet another form of media – the tabloids. In addition, you now have the chance to get to know these celebrities on a much more personal level. Is it just more noise or is it a win for transparency? You be the judge.
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All Media is Social Media
I have been involved in social media for about the last 5 years, although it has gone by many names: grassroots, word of mouth, new media, Web 2.0, viral, social networking, etc. It seems like we have finally arrived at a term that everyone is comfortable with: social media. It appears that the reason why most are satisfied with social media to describe the blog/podcast/MySpace/Facebook/Twitter/LinkedIn phenomenon is that what all these technologies have in common is that they are all about conversations. They encourage people to engage with each other.
I think that is a great way to describe the explosion of conversation technologies. However, I would argue that based on this definition, all media is social. All media encourages conversation, good or bad. However, social media simply captures that conversation in a nicely oraganized format online.
There are many who think of social media as a tactic only and fail to realize that it is, in fact, a cultural phenomenon. Much the same way that you feel frustration when you can’t fast forward through a commercial on a DVR because we have become accustomed to controlling our content, we feel frustrated when a brand does not have the proper tools for discussion online when we need to react to what they are doing. The conversation will take place, online or off. Wouldn’t you rather have take place in a way that you can faciliatate and participate in that conversation? This is what made shows like American Idol so popular is the ability for the audience to engage with the brand.
So while I praise the industry for arriving at a standard term for all of the online mumbo jumbo, let us remember that all media, when used correctly, should be social. So why not use social media to capture the conversation?
The Myth of the Social Media Marketer
I have mentioned this in presentations and on Twitter, but I felt it needed a blog post as well. I have been involved in social media for about the last 5 years. I have seen it grow from its infancy to a powerful communications and engagement medium. I have seen companies come and go and I have seen mega-brands created almost overnight. In my 16 years as a marketer, this is, by far, the most exciting and compelling trend to happen in marketing.
However, social media has spawned a not so pleasant side effect: so-called “social media marketers”. What I am referring to are the hordes of techies who figure out how to blog, podcast, or use social networks to build a certain following and then start billing themselves out as “experts”. How many “internet marketing experts” or “social media experts” have you seen boasting about their capabilities in their Twitter profiles or on their blogs? In a very short period of time (5 years) an entire service industry has been spawned by former engineers, unemployed college students, ex-sales people, high-school drop-outs, and housewives who are now marketing “experts”. Yeah, doesn’t make sense to me either.
One so-called expert posted a press release about how so incredibly awesome he was at social media. He has been getting coverage all over the social media networks, except it is as “The Biggest Douche in Social Media.”
If you remember nothing else from this post, remember this one key fact: there is a difference between users of social media and social media marketers. To give you an example, I know how to use Photoshop. Been using it for about 10 years to do little tasks here and there. I even delve into bigger projects occasionally and took a class on it at a local training facility. However, just because I know how to use Photoshop or Illustrator or Quark doesn’t make me a graphic designer. A designer has training and experience in colors, shapes, and the emotions of good design. The software he uses are just the tools.
The same holds true of marketers. Social media can be extremely powerful, but the rules of marketing still hold true. While social media may be replacing advertising as the communication vehicle, you still need to position, differentiate, and build an integrated communication plan. I have found that those who most ridicule the educated and experienced marketers as being “out of touch” with how marketing works today are those without an education and without experience. True, there are many marketers who are not keeping up with the changing nature of communications, by my prediction is that those who succeed long term in social media will be the classic marketers who learn how to adapt to the new realities of how consumers like to be communicated to. The Internet bubble burst because the realities of business had not, in fact, changed, only the delivery vehicle had. The same holds true for social media; the core principles of marketing have not changed, only the engagement vehicle has.
Are there social media marketers? Of course there are, and many of them are extremely effective. However, don’t believe every “expert” who tells you they can get you to the Top of Twitter or can build you a giant following on Facebook and have that equate to increased sales. The principles haven’t changed, only the tools have.
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