webinar: best practices in facebook marketing
DESCRIPTION
On Wednesday, July 28, 2010, LiveWorld hosted a free 1-hour webinar: "Best Practices in Facebook Marketing," featuring the latest research from Altimeter Group Partner Jeremiah Owyang. Jeremiah's presentation focused on 8 metrics of success in Facebook marketing, from setting the right expectations and providing up-to-date content to enabling peer-to-peer interactions and creating effective calls to action. The webinar also included a presentation from LiveWorld chairman and CEO Peter Friedman, explaining the importance of good community management and moderation in the Facebook environment.TRANSCRIPT
LiveWorld Confidential
Your brand lives in the voice of your customers 1LiveWorld Confidential
Jeremiah Owyang, Altimeter Group
Peter Friedman, LiveWorld
liveworld.com
Your brand lives in the voice of your customers
Patent PendingPatent Pending
#Social 2010
LiveWorld webinar:“Best Practices in
Facebook Marketing”
LiveWorld Confidential
Your brand lives in the voice of your customers 2LiveWorld Confidential
liveworld.com
Your brand lives in the voice of your customers
Patent PendingPatent Pending
Agenda
Presentations: 40 minutes
Questions: 15 minutes
#Social 2010
Facebook Marketing
Best PracticesPractically Applied
Peter Friedman
Chairman & CEO, LiveWorld
@PeterFriedman
@LiveWorld
#Social2010
liveworld.com
Your brand lives in the voice of your customers
Patent PendingPatent Pending
Facebook Page Marketing The 8 Success Criteria
Jeremiah OwyangPartner, Altimeter Group
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#Social2010
© 2010 Altimeter Group
Agenda
• Facebook is an important platform• Research Methodology• The 8 Criteria• What we found • Recommendations
© 2010 Altimeter Group
The conversation is shifting off domain
Source: Pew Resource Center’s Internet and American Life Project (October 8, 2009)
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© 2010 Altimeter Group
More people visit Facebook than Yahoo!
Source: Compete.com (January 2010)
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© 2010 Altimeter Group
Facebook tops 500mm users
© 2010 Altimeter Group
Research: Ecosystem Contributors
• Vendors and Agencies
360i, AKQA, Awareness, The Community Roundtable, Context Optional, Digital Evolution Group, Edelman Digital, Facebook, Gigya, Horn Group, Inside Facebook, Janrain, KickApps, Lithium, LiveWorld, Ogilvy’s 360° Digital Influence, Razorfish, RockYou, SHIFT Communications, Spredfast, StepChange Group, a Powered Company, Vitrue and Wildfire Interactive.
• Individual Contributors
David Armano, David Berkowitz, Bert DuMars, Charlene Li, Dave McClure, Annie Noll, Shiv Singh, Adam Smith, Justin Smith, Jason Sullivan, and Anita Wong.
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© 2010 Altimeter Group
Findings: 8 Success Criteria for Facebook Page Marketing
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© 2010 Altimeter Group
1) Set Community Expectations
• Clearly Articulate Expectations to Reduce Confusion and Abuse.
• Second, brands must explain what they expect from fans: Community Guidelines, Terms of Use, or a Moderation Policy.
© 2010 Altimeter Group
Chevron sets expectations with policy
© 2010 Altimeter Group
2) Provide Cohesive Branding
• Create a Holistic Experience that Matches the Brand.
• Complete profile information, and upload branded logos, maximizing the real estate that Facebook pages allow in profile pictures.
• Extend to tabbed experiences
© 2010 Altimeter Group
Four Seasons extend brand to Facebook experiences and tabs
© 2010 Altimeter Group
3) Be up to date
• Keep Interaction High with Fresh, Timely Content. • Create a a content calendar. This “ensure[s] you
have the right mix of conversational and promotional posts, and you are keeping the content fresh for your fans.”
• Post content following the 80/20 rule: 80% of content should be informational, educational, or have entertainment value. Only 20% of content should be specifically about the brand’s product or services. (Vitrue)
•
© 2010 Altimeter Group
4) Live Authenticity
• Build Trust by Personalizing Interactions with a “Human Touch.
• Posts should be written in first person, using a conversational tone.
• Show human profile pictures, images, and real names
© 2010 Altimeter Group
Jenni from Axe engages with community
© 2010 Altimeter Group
5) Participate in Dialog
• Connect with Customers by Fostering Two-Way Dialog
• To foster two-way dialog, interact heavily with fans in existing discussions and create your own.
• Remember, each time a fan comments on a brand’s Facebook page, that interaction is be shared with an average of 130 friends.
© 2010 Altimeter Group
SAP engages in dialog
© 2010 Altimeter Group
6) Enable Peer-To-Peer Interactions
• Harnessing the crowd’s energy helps reduce costs and improves the experience for fans.
• Seek third party discussion apps, with a moderator and recognition features, leverages the crowd to support itself.
• Providing positive peer-to-peer experience requires a community policy, as well as trained community managers who are ready to monitor in real time.
© 2010 Altimeter Group
Pampers fosters conversations with Q&A
© 2010 Altimeter Group
7) Foster Advocacy
• Prospects trust customers more than they trust brands, so promoting advocacy is an essential strategy.
• Because customer to prospect recommendations often occurs organically, it’s also a lower cost channel.
• Start by simply asking existing fans to suggest the page to others or “like” a wall post, “voting on something, ‘sounding off’ on something, sharing videos or photos,
• Advocacy is the most difficult of all marketing objectives because brands don’t have direct control over fans. It’s a dual edged sword as negative messages can quickly spread.
© 2010 Altimeter Group
Kohl’s asks customers to share their savings “Raise your receipt” contest
© 2010 Altimeter Group
8) Solicit a Call to Action
• Bring it Back to Business and Provide a Succinct Next Step.
• Start with simple, yet immediate call to actions on your landing page and wall page, sign up for deals, exclusives or to learn more.
• Integrate existing e-commerce experiences that are in line with the community.
• Remember, this is an opt-in channel, they’ve demonstrated interest in your brand, just ensure the focus is on them –not just pushing products.
© 2010 Altimeter Group
Target inserts ecommerce photo printing right into the experience.
© 2010 Altimeter Group
1: Set Community Expectations• Average Score: 2.08
2: Provide Cohesive Branding• Average score: 3.90
3: Be Up To Date• Average Score: 5.00
4: Live Authenticity• Average Score: 2.87
5: Participate in Dialog• Average Score: 3.10
6: Enable Peer-to-Peer Interactions• Average Score: 2.03
7: Foster Advocacy• Average Score: 2.27
8: Solicit a Call to Action• Average Score: 2.45
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Scoring by Criteria
© 2010 Altimeter Group
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© 2010 Altimeter Group
Retail and CPG scores Adolescence, Luxury Immature
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© 2010 Altimeter Group
Summary• Put aside your read-only playbook and tap into two-way social
marketing. Simple starts Facebook Events to promote physical meetings also results in word of mouth and community interaction
• Bolster your Facebook pages with applications from third parties. Instead, add features from third party applications that enhance interactions, discussions, or utility. (see report)
• Connect the Facebook experience with existing efforts, like your corporate website. Skip ‘linking away’ and start ‘aggregating’ FB discussions
• Measure and analyze based on business goals – not by fans or “likes.” Brands must measure based on business goals use real KPI formulas by referencing Altimeter Group’s research on Social Marketing Analytics.
• Reduce Risk: Use this scorecard as your long-term roadmap. Use these Eight Success Criteria as a roadmap for your own Facebook page efforts
© 2010 Altimeter Group
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Jeremiah [email protected]
m
web-strategist.com/blog
Twitter: jowyang
THANK YOU
With assistance from Christine Tran, Researcher
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Altimeter Group is a Silicon Valley-based strategy
research and
consulting firm that provides companies with a
pragmatic
approach to disruptive technologies. We have four
areas of
focus: Leadership and Management, Customer Strategy,
Enterprise Strategy, and Innovation and Design.
Visit us at http://www.altimetergroup.com or contact
About Us
LiveWorld Confidential
Your brand lives in the voice of your customers 32LiveWorld Confidential
Best Practices: Practical Application
Best Practice
1) Pragmatic Approach
2) 2-Way Dialogue- Activate Word of Moth
3) Cross-Integrate Facebook& Corporate Web Site
Applied
• Community Architecture• Planning & Management
• Community Mgmt: Cultural Model
• Proactive Moderation: Set Tone
• Conversation Applications For Dialogue
• Integrate Across Social Media Landscape
• New: LiveWorld Facebook LiveConnect
LiveWorld Confidential
Your brand lives in the voice of your customers 33LiveWorld Confidential
Pragmatic Approach: Community Architecture
CULTURE
INT
EG
RA
TE
PA
RT
ICIP
AT
E
SOCIALIZED
BRAND
• Culture Sensibility and dynamic of the community
• Brand Participation How the brand will participate
• Marketing Integration Of the community with the entire media mix
LiveWorld Confidential
Your brand lives in the voice of your customers 34LiveWorld Confidential
Pragmatic Approach: Roadmaps
• Community Management Community content programming plan: What you want to do with people and how you keep them engaged
Day-to-day participation and management: Reaching out as people to people, not just a daily announcement
• Moderation Moderation plans and guidelines: Clear,
friendly standards and policies
Pro-active management: Timely responses,
quick removal of untoward content
LiveWorld Confidential
Your brand lives in the voice of your customers 35LiveWorld Confidential
2-Way Dialogue: Manage the Party
• Cultural Model Management Community Management of the
conversational dynamic: Deep
relevance, controversy, humor,
emotion, & personality for the long
term – not just promotion
• Moderation Content Moderation: Manage standards and protect brand Social Engagement: Pro-actively set story, tone, and context
LiveWorld Confidential
Your brand lives in the voice of your customers 36LiveWorld Confidential
2-Way Dialogue: Interaction vs. Conversation
• Facebook Wall Serial Random Target: Likes, Comments, Shares
• Interactive Applications Promotional Attention getters Calls to action
LiveWorld Confidential
Your brand lives in the voice of your customers 37LiveWorld Confidential
2-Way Dialogue: Conversations Drive Relationships
• Conversation Apps People get involved, talk to each other (and you), and come back more Structured hierarchy Moderation Featuring widgets Publish to Wall and to user profiles
LiveWorld Confidential
Your brand lives in the voice of your customers 38LiveWorld Confidential
Reach
Integration: Social Media Landscape
Alignment Depth
Volume
High
Low
Verticals
Broad Destination Social Networks
Branded Community
LiveWorld Confidential
Your brand lives in the voice of your customers 39LiveWorld Confidential
Reach
Social Brand Flow
Alignment Depth
Volume
High
Low
Broad Destination Social Networks
Verticals
Branded Community
Persistent, consistent brand presence
Optimal immersion in your customers’ social flow
Persistent, consistent brand presence
Optimal immersion in your customers’ social flow
LiveWorld Confidential
Your brand lives in the voice of your customers 40LiveWorld Confidential
Reach Alignment Depth
High
Low
Community Management
& Moderation
Community Management
& Moderation
CM & Mod
CM & Mod
Com. Mgmt &
Modration
Com. Mgmt &
Modration
CommunityMgmt &
Moderation
CommunityMgmt &
Moderation
CommunityManagement & Moderation
CommunityManagement & Moderation
Community Management
& Moderation
Community Management
& Moderation
Set Culture, Story, Tone & Context
LiveWorld Confidential
Your brand lives in the voice of your customers 41LiveWorld Confidential
Reach Alignment Depth
High
Low
Application Integration
• To Date Content Feeds Facebook Connect, Like, etc.
Application Integration
Application IntegrationBranded
Community
LiveWorld Confidential
Your brand lives in the voice of your customers 42LiveWorld Confidential
New: LiveWorld Facebook LiveConnect
LiveWorld Confidential
Your brand lives in the voice of your customers 43LiveWorld Confidential
Reach Alignment Depth
High
Low
Simultaneous Application On Facebook & Central Site
Consumers engage with each other in
same application at same time
Consumers engage with each other in
same application at same time
Brand’s Central Community
Brand’s Facebook Page
LiveWorld Confidential
Your brand lives in the voice of your customers 44LiveWorld Confidential
Users Can See Each Other, Each Other’s Posts & Replies In Real Time
LiveWorld Confidential
Your brand lives in the voice of your customers 45LiveWorld Confidential
LiveWorld Facebook LiveConnect
• Persistent Brand Presence
• More Customer Relationships
• Easier Program Management
• Available Now LiveWorld Facebook Forums LiveWorld Facebook Idea Power LiveWorld Facebook Ask & Answer
LiveWorld Confidential
Your brand lives in the voice of your customers 46LiveWorld Confidential
Best Practices: Practical Application
Best Practice
1) Pragmatic Approach
2) 2-Way Dialogue- Activate Word of Moth
3) Cross-Integrate Facebook& Corporate Web Site
Applied
• Community Architecture• Planning & Management
• Community Mgmt: Cultural Model
• Proactive Moderation: Set Tone
• Conversation Applications For Dialogue
• Integrate Across Social Media Landscape
• New: LiveWorld Facebook Live Connect
LiveWorld Confidential
Your brand lives in the voice of your customers 47LiveWorld Confidential
AudienceQuestions
#Social2010
@LiveWorld
@PeterFriedman
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LiveWorld Confidential
Your brand lives in the voice of your customers 48LiveWorld Confidential
Follow us online
http://liveworld.com/socialvoice