Friday, September 24, 2010

The Most Influential Consumers Online are on Twitter

By Brian Solis
Reposted from @briansolis


Twitter is a human seismograph and it represents a transformative channel where everyday people possess the ability to affect actions. The cloud of collective consciousness that houses our thoughts, experiences, and conversations is also a data trove for experts to measure and mine serendipitous and organized behavior and events.

Twitter is less of a social network in its design and operation and more of a series of interconnected social nicheworks. It brings together disparately connected personalities linked through friendship, admiration, education, and context. Here individuals align around people they know, would like to know, and bound by the topics, themes, and connections that attract them. This highly contextualized network, or as Twitter refers to it, an Interest Graph, offers individuals an organized, indexible, and searchable stream where they express sentiment, share observations and information, and also directly and indirectly communicate with one another.

For marketers, Twitter represents so much more than a real-time focus group. While the activity of its users is available for interpretation and analysis, the information contained in certain tweets published by notable individuals possess the capacity to influence agendas and resulting activities. And even in aggregate, everyday users define the direction of the stream and ultimately impact the subjects of their conversations.
Any organization impacted by outside activity must dedicate focus and resources to monitoring and analyzing activity, the extent to which it shapes perception today, and how to share and steer activity to benefit stakeholders online and in the real world.

A recent study by ExactTarget and CoTweet surveyed 1,500 consumers to identify top motivations for following brands on Twitter. As a result, we can glean insight into the expectations of elusive and prized consumers when interacting with brands online.

The ExactTarget and CoTweet study reveals an important part of the social ecosystem that demonstrates why businesses need to consider not just a 360 approach, but a socialized approach. Of the consumers surveyed, 72% publish blog posts at least monthly, 70% comment on blogs, and 61% write at least one product review monthly. The social consumer is vocal and they’re connected.  Considering now that audiences are shifting from content consumers to curators and creators, our market is now defined by audiences with audiences with audiences. Individuals maintain active and expanding social graphs and as they grow, the network effect only escalates.

In April 2010, Performics and ROI Research found that 33% of Twitter users share opinions about companies or products at least once per week. More so, 32% make recommendations while 30% seek guidance and direction.

Wait. What?
- 33% talk brands 1x per week
- 32% make recommendations
- 30% seed advice

Among other interesting stats, 20% of consumers follow a brand in order to interact with the company, which is much greater than those who subscribe to email newsletters or those who “like” brands on Facebook in order to remain connected. In fact, nine out of the ten stated that the most common reasons to follow a brand on Twitter involved the ability to obtain direct information from a company.

In other studies, upwards of 80% of Twitter users stated that for those deserving brands, following equated to referrals. Of those who followed brands, 51% did so because they were an existing customer and 44% expected discounts or promotions.

One of the more interesting data points to emerge was that men were more than twice as likely than women to follow brands on Twitter, 29% compared to 13%. This stat requires deeper analysis as it, on the surface, rivals two primary research pillars in my current work, 1) More women than men account for the overall Twitter population and 2) Women, in aggregate, are more influential than men on Twitter.

If you were to take one thing away from this research, it’s this…Twitter users are the most influential social consumers online today. This revelation is constant across many published research reports. Not only are they influential, they put their money where their Tweet is.

While money doesn’t grow on trees, it does however, grow on Tweets. 

The original post can be found here

Thursday, September 16, 2010

The Seven Deadly Sins of Social Media

By: Scott Stratten
reposted from Fast Company

In this excerpt from his new book UnMarketing: Stop Marketing. Start Engaging. author Scott Stratten shows the profane acts users of Twitter, Facebook, and LinkedIn commit. How many are you guilty of?

Social Media is so new that most people are making it up as they go,1 but most people seem to make the same mistakes. Or dare I say sins. . . . We look at the biggest players online for business--Facebook, Twitter, and LinkedIn--but the same concepts can be applied to any social media site.

Greed

Greed is quite a popular sin. Twitter by default is a self-centered tool. It's about us. But it's 100 times better if used as a conversational tool versus a dictation. I see people using Twitter as a glorified RSS feed for their blog or an ad-puker. So absent of personality, I wonder why they even try. Yes, they are in business, but if they believe that business is built on relationships, they need to make building them their business.

This sin holds a special place for the people who only retweet compliments about themselves. I was talking to a colleague of mine and she was asking how I have built such a large amount of followers. I mentioned that I get retweeted a lot and I retweet others. Her reply was "I retweet others all the time!" When I checked out her page, the only time she ever retweeted anyone was if it was a compliment about her or a #FollowFriday2 mention with her in it. You may as well tweet while looking in a mirror telling yourself you're good enough, you're smart enough, and gosh darn it, people like you.

Facebook is in a world of its own. Posting on someone's wall with a seven-line signature, mass-inviting people to every event (even if the event is local and the person is not even in the same country), to tagging people in articles that they are not even mentioned in just to get them to read it. There is a special vein in my forehead that you can clearly see when these things occur.

Someone didn't become your friend on Facebook to give you business or to allow you to use his or her wall as a billboard. Even the term "friend" means a relationship, and you are not building one when you invite me to your Multi-Level Marketing (MLM) event in San Diego and I live in Toronto. Instead, use Facebook to engage, and to comment on people's posts and status updates and to share links with them that they may like, not ones you have written to promote yourself but ones you have found that may help them.

LinkedIn falls under the same issues that Facebook does. The group's function has so much great potential because the site is fully business-oriented, yet the majority of the groups and posts that I have seen during my research were either outright spam or drive-by articles. Drive-by articles are those that are posted in multiple groups and sites, which are mostly a thinly veiled pitch for the author's services. Some gurus also teach this method, but you will notice that the original authors are never around when someone has a follow-up question. I hope that the LinkedIn discussion groups become just that, groups that have great discussion.

Gluttony

Get followers fast!!!! Most people on Twitter have seen tweets like this or thought of using a site that helps kick-start things for you. Seems innocent, right? Let's just have a look-see at this logic. Imagine a guy just followed you. Makes you feel all warm and fuzzy that a new person is along for the Twitter journey with you, makes up for your lack of popularity in high school, and the day is getting better. Then you go to his profile and you see a bunch of tweets that say:

"I have found a way to get thousands of followers fast and automated!! Go to this site!"

How does that make you feel now? Still warm and fuzzy? Still getting tingles? Didn't think so. When you tweet out "follower system" tweets it says one thing: You're in it for the numbers. I'll bet the 3 cents I still have after my latest trip to Vegas that one of the next tweets will be about an "amazing business." Everything you tweet is an extension of your biz and your brand. If you want to scream about "getting thousands of followers," be my guest, but the funniest part about the above tweet? The actual guy has 149 followers. Seriously.

On Facebook, gluttony takes a different turn for me. While actually writing this book a service provider that I am "friends" with sent me an invite to a Facebook event called "Freedom from the Fat Trap!!!" Really? One of two things happened here. She either sent the invitation, which wasn't even for her own event, to her entire friend list or specifically chose to invite me to the event. I am going to go ahead and guess that it is the former and that I also do not have to tell you how badly somebody could take this. It is about as bad as inviting somebody to an event called "You're Ugly and Here Is How You Can Look a Little Less Ugly." Remember that everything you do impacts your business image, including inviting people to fat camp.

Sloth

Twitter is a conversation. It's truly what I love about it. But imagine having a conversation in person with someone where that person takes an hour to reply to you, face-to-face. How awkward would that be: "Hey, how's business?" and they blankly stare off for an hour, then reply "Good thanks!" That's how it feels if someone takes a week to reply to a tweet. I once had someone who took 79 days to reply to a question that I asked her on Twitter. Seventy-nine days! If it takes you longer to reply than it would to walk over a handwritten reply to my home, you're doing it wrong. I know, not everyone is a tweetaholic like me, and not everyone can devote a good chunk of their day to Twitter. So if you have a limited amount of resources or time, let's say five hours a week, it's better to spend 45 minutes a day for the entire week, than five hours once a week. Consistency breeds familiarity, which creates relationships.

Here we can combine Facebook and LinkedIn; if you are not going to be responsive on either site then you probably shouldn't have a presence. There is a difference between being present and having a presence. You need to be active and responsive to people's requests, whether that is accepting people as contacts on LinkedIn or as friends on Facebook. I was guilty of this last year on LinkedIn when I recently went back to ramp things up and realized I had connection requests from eight months ago. How do you think it made those people feel?

Envy

Ya, I'm kind of a big deal on Twitter in my own mind, which at the end of the day means nothing to the majority of the world, but every day I get DMs3 asking me to change my picture to add a "cause" or tweet about this or that. I'm all for causes, I'm a big charity guy, but mostly I'm a fan of choice. Meaning it's your choice to support anything you want but every once in a while people try to get others, through guilt, to change their avatar. When everyone changed their Twitter profile pictures to a shade of green to support some cause I got asked daily why I hadn't changed mine yet. My answer to them? It's none of your damn business why. My lack of participation in your cause does not infer lack of support, just like changing my avatar does not make me a better person by default. Same goes for people who think you should be obligated to follow them back if they follow you. Things on Twitter, just like most things in life, are choices. We should follow people based on interest, not out of courtesy.

Same goes for causes and groups on Facebook. You will see a popular cause of the month go around with plenty of invitations that you will usually ignore. Recently I had the pleasure of choosing to not join a cause just to be reinvited back multiple times by the same person. I admire their dedication, but despise their persistence that has turned to annoyance.

One of LinkedIn's greatest functions is the endorsement, where people can give testimonials about your skills at a particular job. The system allows you to request endorsements from anyone in your contact list. This is okay if they actually worked with you or were customers; however, I frequently am requested to give endorsements for people who I barely know anything about; or they write in the request "if you endorse me then I will endorse you." Which negates the very point of the system.

Wrath

One of the worst things about social media is the reactionary nature of it. Especially on Twitter, most of us don't think before tweeting and for the most part it's okay because most tweets are harmless, boring, and innocent by nature. But once in a while we react or lash out above our better judgment. It takes a thousand tweets to build a reputation and one to change it all. Twitter feels intimate sometimes, like you're on an episode of Friends, having a conversation with a few, except there are thousands "lurking" around. It's like having a harem of stalkers, without the creepiness.4

Being the object of someone's wrath is also common. For a full explanation on how to deal with trolls check out the section about them later in the book. But in a nutshell: Don't feed them. They aren't owed a reply, your time, or your emotions. You're better than that.

Wrath can be even worse when it is cloaked in the disguise of being helpful. This is usually done by the spelling freaks or grammar police. I admit that I do not always proofread what I tweet--I barely proofread a blog post and then usually only after I have posted it. Posting on my public comments and implying that I am a moron because I spelled something wrong isn't in anybody's best interest. It makes me feel stupid and it makes you look bad. I was taught back in my human resource days that there was one rule: Praise in public and reprimand in private. So I would say praise in public and assist in private. If I asked for help or feedback in a public forum, then fire away, but if the spell check is unsolicited, drop me a note privately. It is actually appreciated and makes you look even better. But beware of those who ask for feedback in public as well--they are usually looking for praise.

Lust

Social media sites are filled with humans. And when you throw a bunch of humans into an environment, a few things are sure to be present: 20 percent of people will have bad breath, 30 percent will wonder how their hair looks, 60 percent like peanut butter and cheese sandwiches but are scared to say something (or maybe I'm the only one), and 100 percent will have hormones. 5 It happens. We can pretend they don't exist, but they're always there. It's one of the reasons to have a flattering picture as part of your social media profile; it catches the eye. The problem is when people turn creepy or obnoxious (and by people I mean guys). I'm truly blessed to know many incredible women on Twitter who are not only brilliant in business but attractive as well. The stories they tell me about direct messages or replies they get from some men make me shake my head. Seriously, folks, I'm not sure what book told you the line "Your lips look tasty" works, but it makes me picture Silence of the Lambs, and not for the cool stuff. Every tweet, every DM, represents your company, and more specifically you as a person.

It is even worse on Facebook, where the laid-back attitude can make you look even worse. People post pictures of their vacations on the beach only to have them ruined by some guy making a comment that totally ruins the entire thing. And I repeat that you are always marketing your business--every comment, every post, is an extension of your brand.

Pride

You know what? Screw it. I have no problem with your being proud of something. I mean true pride. Something you accomplished, your kids, whatever. Scream it from the top of the mountains, good for you. Just do it in moderation. Don't just talk about yourself, spread pride of others, too. Retweet, comment, and share their accomplishments. One sin out of seven ain't so bad.