Social Media Strategies for 2010 and Beyond

1 05 2010

During the past months I have talked about different strategies that contribute to empowering and enabling social media strategies from a marketing and public relations standpoint. These strategies have the ultimate goal of fostering good relationships between a company and its publics; the cornerstone of all public relations endeavors. Today it could be argued that public relations, marketing and social media practices can work concurrently as part of an overall marketing and public relations strategy. This process should be thoroughly comprehensive; from the way that websites are set up and presented to customers to the strategy that is used to interact with them. Short and long term strategies should also be part of the planning process. This document is a compendium of those strategies along with an application of the topics I have discussed on this blog so far.

Managing and Getting People’s Attention:

Today, with the onset of time-shifted media, never-ending possibilities of things to do online and overall busy life-styles, getting the attention of people (consumers) today is more difficult than ever. Media scholars, in increasing numbers are proclaiming that traditional forms of marketing, advertising and public relations are becoming inefficient and nothing short of wasted time and efforts. Fortunately social media’s open access helps address this. Social media websites like Facebook and Twitter are the places where much of people’s attention is now being spent. Similarly to how advertisers shifted their focus from radio to television when that new technology emerged, today the focus has to shift from television advertising to social media engagement. Fortunately this endeavor provides multiple benefits; as a form of advertising it engages people with a brand and related messages. However as an engagement tool it assists with:

1. Building customer loyalty

2. Maintaining brand awareness

3. Enabling word-of-mouth marketing

—an example that perfectly exemplifies all three forms of this engagement is what Best Buy is now doing on Twitter. If Best Buy offers some sort of coupon via their Twitter feed, it encourages people to visit their local Best Buy (loyalty), fosters conversations (brand awareness) and it can be easily shared with a re-tweet (word-of-mouth).

Facebook is also an important component to creating connections with consumers in platforms where they already devote much of their attention. With over 400 million users Facebook seems poised to be the leader in social networking, at least for the foreseeable future. Surprisingly, Facebok has now on track to overtake Google in terms of directing traffic to other websites. It seems likely that in the coming months, Facebook will continue to expand its presence and relevance for our society as part of the social media landscape. Thus from a marketing and public relations standpoint it seems clear that Facebook is a very important tool for reaching customers. If Twitter is about enabling sharing and serving as a gateway for content (see more about Twitter here), then Facebook serves more as a participation and engagement tool. Of course, this participation can have the sharing component, but for the most part it serves more as way for companies to listen to their customers and communicate with them in a place where they already spend their time. Facebook is the perfect tool for this now and in the immediate future as it continues to grow and expand.Short-term

Strategies and Best Practices

Arguably, the single most important step is for companies to take now (if they have not already done so), is to overcome their trepidation of partaking in the social media landscape. Many companies have already done so and are most likely seeing benefits from their efforts. Compared to risks, the benefits outweigh them when considering these ventures. At the very least companies are able to provide good customer service and show that they are ahead of the curve to their customers. A more desirable, and tangible benefit is of course when companies start seeing that their social media marketing and public relation endeavors result in some sort of Return on Investment (ROI). It seems clear then, that there are more benefits to be had by moving to social media than drawbacks.

There are certain strategies and best practices to keep in mind when moving a company’s presence to the social media field. Given the fact that the Web 2.0 era is all about sharing and interaction it is important to remember to keep things simple. This Mashable article suggests that when including sharing and subscription options on any website the buttons for the most popular social networking sites should also be the most predominant. The premise of this thinking is that if sharing occurs on the biggest and most popular sites, then eventually the same information will trickle down to reach all areas online where people end up seeing the information eventually.

With Web 2.0 brands and companies now have unparalleled access to listen to their consumers both the negative and positive feedback. Feedback loops are now easily shared. It could be argued that the best marketing strategy in this new environment is to listen to consumers first and respond what they have to say to keep them happy. Not surprisingly, word-of-mouth marketing leads to increased trust of a brand and its products. These two processes can work in tandem to benefit both customers and companies. According to media scholar Brian Solis: “80% of (customers) reported that customer stories and suggestions shape products and services. As a result, brands earn the trust and loyalty of their customers by listening and responding”

Finally, social media strategists need to remember that social networking websites are places where customers are in charge. They can chose to listen and ignore the messages that are put out by companies with the relative ease of a click of a button. Thus, maintaining a natural, approachable and genuine tone when speaking to customers is of upmost importance. It is also important to think about the future when planning out social media strategies. What may be the most important technology may be outdated six months ago and replaced by something else. Although predicting what these new trends may be is difficult, having a long-term plan for adopting new changes is also important.

Long-Term Strategies and Best Practices

The key to ensuring success for social media and public relation practitioners in the long-run is to stay ahead of new and emerging technologies. Moore’s Law is also applicable to Web 2.0 technologies. Thus realizing that social media technologies and practices will be constantly changing should be the principal long-term strategy to keep in mind. I have previously discussed this topic, and gave the example of Starbucks and their efforts to stay ahead of the curve. They not only use popular social platforms that are relevant today, but also up and coming platforms that are yet to diffuse on a mass level. (See Foursquare). Starbucks has managed to foster relevancy to their brand by interacting with their customers via current and up and coming technologies.

Another important long-term strategy to keep in mind in regards to the more technical aspect of a social media operation is the differences between Search Engine Optimization (SEO) versus Social Media Optimization (SMO). These two processes can work together very well to help a brand expand its online presence. Given the fact that today, many people are spending much of their time online in social networking sites it makes sense to make SMO part of the continual strategy. For the time being, Facebook continues to be the most important player in the social media landscape, with Twitter being a close second. Guidelines for SMO have been developed by social media scholars. These guidelines rely on people actively sharing content to their friends and followers on social networks.

Ultimately, success or failure when embarking on social media initiatives relies on a number of factors. However, having the right short and long term strategies and a well-informed knowledge of the basic components of social media will ultimately yield the best possible results. As more people and companies continue to expand their use of social media we will continue to discover the best ways to use these technologies to their fullest potential. In the meantime, continual exploration and experimentation is the best option to pursue. This is for both the benefits of customers as well as companies. As they establish a relationship in the social media landscape both can benefit from this relationship.

Advertisements

Actions

Information

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




%d bloggers like this: