learning from listening - utilizing social media monitoring

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Learning from Listening Online Bob Barker VP Corporate Marketing and Digital Engagement Alterian http://twitter.com/bob_barker

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The emergence of digital channels and internet-based social media has created a new world of communications. In order to stay ahead of your competition understanding these conversations and engaging within them is key to marketing success. This presentation goes through how to utilize Social Media Monitoring as market research to further engage your prospects and customers.

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Page 1: Learning From Listening - Utilizing Social Media Monitoring

Learning from Listening Online

Bob BarkerVP Corporate Marketing and Digital Engagement

Alterian

http://twitter.com/bob_barker

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Who am I?

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Marketing guy

Social Media &

Community

Marketing

Prod Mktg

Sales

Exec’s

HR

Brand &Positioning

PR andVideo

Website/onlineSEO & PPC

Social Media& Community

Community Strategy

Prof Services

CustomerSupport

Managed Services

HR

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Technology guy

Technology Brands I have worked for:

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Connectedness – the new MBA

–Power of profile–Power of connection

–Power of collaboration–Power of trust–Power of friendship–Power of Influence

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Influence - Robert Scoble (Scobleizer) effecton shareprice

Joins

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550On Facebook

450On Facebook

Societal and business change

1500On Outlook

50 on Facebook

750On Facebook

NotOn Facebook

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Social media is changing the way the world communicatesworld communicatesand it all starts with

listening...

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Listening tools – the 101 guide

Social Media Monitoring Tool

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How does it work?

Collect

Store

Social MediaWarehouse

Analyse

Engage

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You are not required to Blog or required to Blog or Tweet to use an

SMM tool

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Instant Market ResearchResearch

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Marketing Holy grail = understand what your

customers want

“Never before in the field of marketing

was so much known about so many by so few”

Marketers have never had it so good

many by so few”

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Is anyone actually talking about us talking about us

then?

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Volume of conversations

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Drill into the actual conversations

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Find your Customer’s expressing their Needs

…beyond Twitter

• Blogs• Flickr• Forums

• Build WOM• Organic SEO• Ward off crises

http://www.consumeractiongroup.co.uk

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But what is the competition up to?

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Compare with competitors

Do we need to increase increase our SM activity?

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Innovate with Industry & Competitive Insight

Find what you don’t know• Identify new markets and trends• Competitive strengths & weaknesses• Sentiment around competition

Create products that consumers want

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Show me the money

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Brandprotectionprotectionmechanism

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Are they being nice?

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Sentiment and Tone

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Influence Public Relations

Do opinions online matter?• Monitor volume, sentiment and trending topics• Customizable dictionary – to pin down real sentiment

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Show me the money

“We did not put the customer first”Toyoda, Sunday Times 28th March

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Identify your influencersinfluencers

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Who are these people who have the time to talk

about us online?

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Demographics

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And how influential are they?

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Where do they hang out?

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Auto Domains

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The communities that advocate your products

• Join communities that advocate your products• Join that of your competitors

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Create community

“We monitor in excess of 1,500 discussion threads a day on very specific topics where we think

we can add value to the conversation. It’s not possible to participate in all of the threads, but there are

ways to identify which conversations are the most influential, which ones have the greatest reach,

and those are the one in which we’re most likely toparticipate. We've also created a consumer

advocate community as well as a platform that we’ll be launching in a few weeks to support their

activities.”Marty Collins, Senior Product Marketing Manager, Windows Live, Microsoft

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What are the trends in what

people are saying?

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Author tags – Consumer’s perception of our brand

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Increase your SEO

Insight into consumers minds

• Theme clouds– Brand– Competitors– Industry

• Author tag clouds• Link building• PPC

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Understand the geographic spread of conversations – find new markets

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Show me the money

Fortune 500 consumer products company

discovered that over 75% of discovered that over 75% of its marketing spend did not

reach its most influential social channels

Source: Social CRM – The New Rules of Engagement, Altimeter Group, March 2010

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But do they actually want to buy something?

Is it just talk?

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Identify, allocate the conversation, speak to them and add value

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Show me the money

A Fortune 100 Financial services company used social sales insight to determine when they could be helpful in social channels and conversations in social channels and conversations

as opposed to interrupting the conversation. Four months later, the

social channel territory sales comprised 10% of all sales.

Source: Social CRM – The New Rules of Engagement, Altimeter Group, March 2010

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Conversations create transactions create transactions – people buy from

people

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8 Stages of Listening

• No objective at all• Tracking of brand mentions• Identifying market risks and opportunities• Improving Campaign Efficiency• Measuring Customer satisfaction• Responding to customer inquiry• Better understand customers• Being proactive and anticipating customers

Source: Jeremiah Owyanghttp://www.web-strategist.com/blog/2009/11/10/evolution-the-eight-

stages-of-listening/

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Conversations Create

transactions

Influenceridentification

Instant brand

research

BrandProtection

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http://www.youtube.com/watch?v=InrOvEE2v38

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Once you have listened then its listened then its time to Engage

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Impact of Social Media on Sales Funnel

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A Community Based Approach

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Write Once Publish many

Tweet key takeaways

Repurposing content opens new points of distribution and has a

compounding effect on reach

Start a discussion

Chop into episodic blog posts

Deploy as formal release

Repackage as presentation

Add voice for video

Tweet key takeaways

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Asset deployment by SM channel

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Twitter deployment Schedule

Suggested Tweet

Week 1 Why not sign up for the Social Media ROI series http://bit.ly/ROI its got great insight

Week 2 Speaking at Internet world on Social Media Marketing http://bit.ly/IW/sm90 #Alterianhttp://bit.ly/IW/sm90 #Alterian

Week 3 Check this out: 4 Ways To Take Your Search Marketing http://bit.ly/seoROI #AlterianSM2

Week 4 Today’s SEO Tip: RSS distribution is one of the easiest ways to give your content legs http://bit.ly/seoROI #AlterianSM2

Week 5 Seems Inbound linking is the most challenging. Use SMmonitoriing guide your optimization – http://bit.ly/seoROI#AlterianSM2

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MicroBlog/Realtime Blog/Community Website/Surfers

Moving Towards a Holistic Web Presence

1. 2. 3.

Coffee ShopChat/Gossip/Tips/Links

LibraryReading/research/Education/Sharing

StoreLearning/watching/buying

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Its requires engagement technology and engaging people

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Your people need to get engaged on social media

“Ask not what your company can do for you ask what you can you ask what you can do for your company (and yourself)”

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Personal BlogsX

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Personal BlogsX

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Listening and engaging

• Listening rota’s by geography, by product

• Engaging in the conversation– Responding to blogs– Responding to tweets– Responding to tweets

• Participation– In Linked in groups– In Tweet ups– At events

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Next Steps

Use the tool Drill into the detail

Read the book Read the Report

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Value and ROI through listening

Use Case Value/ROI

Brand Audit Identify opportunities in Social Media

Social Media Campaigns Measure progress of Social Media efforts

Corporate Marketing Increased sales & rate of return on ad spend

Customer Service Increased satisfaction, brand loyalty, awarenessawareness

Competitive Insight Identify differentiating features & innovate

Public Relations Efficient use of time & identify influencers

Sales – Lead Generation Increased sales & shortened sales cycle

Search Engine Optimization More effective SEO & organic visibility

Product Development Reduced market research costs

HR Reduced hiring costs & less churn

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And finally...