5 Key Ingredients for Your Facebook Page

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Most marketers agree that a social media presence is a must have in today’s online marketplace, but they still struggle with how to define social media ROI. We continue to ask what a Facebook presence can do for the organization and, more importantly, our customers.

Social media marketing still is—and may perhaps be for some time yet—an emerging discipline. Yet our customers are only spending more and more time on Facebook and Twitter. Even if we haven’t got our arms around the social media landscape, it’s becoming increasingly important to be there now, today—reaching out to our customers through the social networks they care about and trust.

How to begin? What assets are needed to build a living Facebook fan page? What content should be flowed through Twitter? How often must I update, who should I follow and friend, and most importantly, what is it all for?

A good place to start is to ask yourself what your customers might want from your Facebook page. As always, your customers are your customers and you best know what they want and need. That said, there has emerged a fairly common set of ingredients that most Facebook fan, group and community pages do include and customers who spend a lot of time in social media are starting to expect.

Building a Facebook page with the following simple ingredients is a great place to start—but remember, your social media presence is a presence—a living, breathing thing that interacts, reacts and adapts over time. Launch your page with these fundamentals, tune in often, listen, interact and adapt the page over time as you start to better understand what your customers want and need from you on Facebook.

1. Customers. Social networking sites are all about building community. Customers first and foremost would like to see and hear from their fellow customers and group members on fan or community pages.

2. Employees. Facebook is a place for informal relationships to spark between your customers and employees. Rather than channeling customers through operational hierarchies like a customer service center, social media lets them interact freely and informally to exchange information and solve problems together. Your company employees—especially customer facing—should be a part of your Facebook presence.

3. Links. Here is the opportunity to declare the environs in which you operate—your, industry, your category and your niche. The links you post to your Facebook page should not only help define who you are to your customers, but also be useful to them. Link to your suppliers, major news stories affecting your industry, influential bloggers in your niche, your own web pages declaring your green practices.

4. Relevant, meaningful content. As social media is all about “the conversation”, alas, there are precious little pixels on Facebook pages devoted to permanent content. Posts you make to the Wall scroll away into oblivion before you know it—the bigger and more active the community, the faster it happens. Community platform provider Lithium will soon announce a light integration that allows you to store, organize and curate Facebook page content. It’s a great way to give your customers quick access to product information, FAQs and community-based customer support right inside your fan page.

5. Openness. It’s difficult to overstate the importance of relinquishing control of the conversation when connecting with customers through social media. If they sense they are being manipulated, marketed to or corralled in any way, you will lose them. Although the social media landscape remains slightly murky, one thing we can say with confidence is that those companies who embrace it as a place to listen and learn fare much better than those who try to use it to control and convert. And those that do listen and learn are proclaiming that the value of connecting with customers through social media goes far beyond increased conversion.

Getting Value from Social Media: It Takes a Mindshift

social_media_mindshiftA great point in this latest post on building community from Twist Image is that building value through social media requires more of a mind-shift than anything else.

Organizational culture is often the biggest roadblock to getting leverage out of any new media or technology. Fiefdoms exist, silos exist. Although many companies claim to be strongly “matrixed” organizations, there is still sorrowfully little sense of community in our own diverse workplace—how can we expect to build communities across the incredibly enormous and disparate world of blogging and social networking online?

A mind-shift is precisely what’s required. Twist Image rightly points out that old school marketing meant buying attention. New school, including social media marketing, means earning it. For many companies, that requires not only a mind-shift, but a meaningful shift in corporate culture.

Earning attention in the marketplace today means asking what it needs and serving it up. Blogs and social communities online are a constantly refreshed databank of customer needs, wants, feedback and sentiment. With a service-oriented mindset, progressive companies can make a very good business out of serving those stated needs, delivering real value that the market truly wants.

THE best practice in social media marketing is to add value. Approach engaging the market through social media from a thoroughly customer-centric mindset and you will never be disappointed with the return.

Startup Marketing Dos and Don’ts

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Across all startup categories, there are common mistakes and missed opportunities from marketing to unqualified customers to misunderstanding customer needs to under-estimating the competition. Here are two great documents on the Venture Beat website with cogent arguments for what startup marketers ought to keep in mind: Five Key Marketing Priorities for a Startup and Five Marketing Time Wasters. Unfortunately, their links are no longer live, but here’s what I read that’s worth repeating:

    1. Establish a web marketing presence. Of course, this is what Site was created to help you do, so we’re glad to see some other smart people think it’s a good idea.
    2. Track key marketing metrics. Another part of what we do and something we think terribly important. Startup marketers especially need to stay nimble, stay on top of what’s working and what’s not. Metrics-driven marketing optimization is a very smart thing for startups to invest in.

The articles drive home another critical point that’s right in line with what we’ve seen over the years. Don’t invest heavily in product planning, marketing or lead gen until you’ve validated your value proposition and your pricing directly with key customers. Maintain an agile marketing practice.

Of course we want you all to invest heavily in marketing (especially SEO, SEM and email marketing), but we want you to be smart and focused about it by remembering that your goal is to not just to find customers, but ideal customers.

Newsletters: Too Old School?

newsletterNewsletters remain a tidy little marketing tool for a number of reasons. The most obvious of course is the touchpoint opportunity—a chance to hit prospects with persuasive content. And although this is a darn good reason, it’s not the only one.

Many Site clients are wary of publishing an e-newsletter because they worry that they just can’t find enough to say in order to publish something worth reading. Yes, we want our prospects and customers to engage with our content, but we also want our e-newsletter to accomplish a number of other very valuable things:

  1. Newsletters bring site traffic. Each time a newsletter recipient opens the email that contains the e-newsletter, if the email is designed right, it counts as a site visit—whether they click through to read the articles or not. Driving traffic to your site is essential, especially in the early going for a startup or small business. The ability to capture and grow traffic is an essential part of search engine optimization (SEO). Getting search engines like Google and Bing to index your site and bump it up in search rankings means showing them your site is attractive and growing. A newsletter is the perfect mechanism for that.
  2. Newsletters build keyword-driven content. Another part of SEO strategy is to ensure that you regularly update your site with keyword-driven content—the more the better. Again, the newsletter is the perfect vehicle for this. Even if you can only produce 3 articles per month, if they are peppered with keywords and sent out as a newsletter, you’re ahead of the game.
  3. Newsletters are good viral mechanisms. Emails are about the easiest way for people to share information online and are still the most preferred. According to MarketingSerpa’s 2010 Email Marketing Benchmark Report, 78% of folks still say that email is their number one way to share information online. Newsletter articles are easily primed for sharing with forwarding features built in.
  4. Newsletter registrations build opt-in marketing lists. It’s great when traffic comes to your site. But if these visitors bounce off again without ever letting you know who they are, their value is greatly diminished. Offering site visitors a free newsletter, if nothing else, is a way of capturing email addresses for future marketing. Much preferred to list purchase, the marketing database you build by capturing emails for a newsletter will be fully opt-in.

Marketing and Uncle Siggy

imgresFrom hidden desires to public relations, from subliminal advertising to lifestyle marketing, from consumerism to politics this BBC documentary is a must-see for all marketers. The Century of Self is a four-part examination of how Freudian-informed strategies adopted by marketers and politicians have for the better part of a century manipulated mass consumer and voting behavior by appealing to our unconscious hopes and fears.

Are we a people slavishly ensnared in libidinous forces of aggression and the desire for power? Does democracy only work within a culture of “happiness machines”, a docile, satisfied population who demand emotional fulfillment as consumers and expect it as citizens? Do we really even want the responsibility of rational thought when making our purchase decisions or casting our votes?

The Century of Self is a frank examination of 20th Century marketing and its role in the birth of individualism. And if nothing else, it’s a provocative retrospective of our trade. Covering the rise of all things marketing from focus group testing to polling to market segmentation, we see the evolution of our craft over time from its antecedents in WWI propaganda through its embrace of EST principles in the 1970s.

Social Media Marketing is About Quality, Not Quantity

social_media_qualityCame across this interesting take on the value of traffic brought in by a mention in a popular blog like TechCrunch. Apparently, social media consultants Simply Zesty don’t think the over 400 referrals, 70 new RSS subscribers or 30 new Facebook friends was terribly impressive after their TechCrunch mention the other day.

But for many web-properties—especially B2B companies—those numbers are very real and quite actionable. How long would it take your biz dev guy to run down all those 30 Facebook profiles and what do you bet he’ll uncover a few sales prospects?

The thing about those 70 RSS subscribers is that they aren’t just hits, they’re new additions to your marketing database. Every repeat visit is another touchpoint, another chance to build a customer relationship.

Sure, these aren’t the greatest numbers for behemoth marketers like Coca-cola or Amazon, but for many, many online marketers, forging a place for your company in social media isn’t just “me too” marketing anymore. If you’ve got the right business savvy to make use of what’s out there, social media can yield some real gems.

A Brief History of Optimization

cardsThe practice of marketing optimization is founded upon a number of disciplines – some old, some new, and some emerging. Like marketing optimization, many of its foundation disciplines are sciences that have historically been developed to reduce risk while maximizing the chances for success.

Whether ‘success’ is winning at cards, winning a war or maximizing conversion in a PPC campaign, ‘optimization’ put simply is the practice of finding optimal methods for driving objectives. Probability theory, management science, statistics, economic theory, experimental design and technology all converge in marketing optimization to provide marketers with the tools and processes for finding optimal methods for executing the marketing function such that risk is reduced and the chances of success are maximized.

Probability Theory
Some of the first excursions into probability theory sprung from the study of gambling and games of chance. Thought to be the first mathematician to study gambling more than 500 years ago, Girolamo Cardano (1501-1576) took the first steps toward developing predictive models for risk reduction. Like us, our optimization predecessors sought to understand the relationships between all the possible outcomes and the favorable outcomes.

Probability theory today includes the study of all sorts of phenomenon (including the way consumers make choices) in which some initial starting point is known, there are many possible paths for the process to take, but that some possibilities are more probable than others. In our to quest to find the most probable paths to increased conversion and long-term customer loyalty, we marketers rely on probability theory more and more each day.

Management Science

The practice of optimization of course owes a great deal to developments in management science, or the discipline of applying analytical models like mathematics to make better business decisions. From Frederick Taylor’s famous time and motion studies to the strides in operations research made by the British and US military during the war years, the search for process improvement plays a significant role in marketing optimization.

Experimental Design
The discipline of marketing optimization includes a strong emphasis on rigorous experimental design and owes a great dealt to Fischer’s groundbreaking work in the Design of Experiments. Fischer was the first statistician to adopt a formal mathematical methodology for experimental design in order to study the effect of a process (AKA: message) on an experimental unit (AKA: consumer). Today’s multivariate testing discipline does exactly that, studying the effects of various creative treatments on consumer purchase behavior.

Economic Theory
We hear a lot about various methodologies used to develop the algorithms for automated marketing optimization. A good methodology is rooted in economic theory, or models that analyze the way people purchase decisions in certain contexts (on the Internet, in a direct mail campaign) and study the relationships between the creative messages and treatments and life time customer value.

Technology

It’s nearly impossible to overstate the impact of technology on the modern marketing function. The arrival of the Internet especially has made an indelible mark on the way we hawk our wares and has forever changed the way consumers interact with business.

Rapid growth in deeper understanding of consumer choices as well as the rapid dissemination of new technologies has impacted the marketing function in two critical ways:

  • It’s given consumers more avenues – more channels – for interacting with business, and
  • It’s given marketers more tools and technologies to inform their marketing decisions.

Technology enables and automates the application of the sciences described above such that today’s marketing problems are solved much faster and more reliably. Technology now automates the process of structuring experiments (experimental design), optimization algorithms automate the process of finding the most probable paths to success (probability and economic theory), and analytical tools provide a dearth of information to help us make better business decisions (management science).

The art of marketing began as the simple practice of getting more folks to open their wallets more often – perhaps nothing more complicated than placing a charismatic speaker on a soapbox in the town square. Today’s marketing discipline has evolved into the practice of properly combining the increasing number of levers at your disposal to find optimal methods for driving complex objectives. Optimization in today’s context requires us as marketers to understand and leverage the foundation disciplines described above and to apply those disciplines to more effectively manage profitable customer relationships.

Social Media Marketing Best Practice: Add Value

add_valueWhat I like about marketing through social media is that it forces marketers to remember their marketing fundamentals. Find a gap and fill it. Add value.

In 75 years of broadcast media, the function of the marketer has moved away from adding value and toward 1.) making an impression with brand marketing, and/or 2.) moving inventory with direct marketing. Even product marketers, tasked with guiding product evolution are often wholly removed from the market, spending most of their time with development time lines instead of customers.

In all of the examples above, the mission of the marketer revolves around the product. In the social media marketplace, the mission of the marketer revolves around the market. Social media marketing forces us to ask ourselves, how can I add value to the marketplace? How can I connect my customer base so that it becomes its own customer support network? What complaints do my customers have, why do they have them and how can I fix their problems? What product features does the marketplace wish I offered? In pursuit of the answers to these questions, marketers add value to the marketplace.

Len Kendall says it nicely here in Marketing Profs Daily Fix. The bottom of the article gives a few dos and don’ts about social media marketing which first and foremost revolve around adding value.

The Zen Internet

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  • The very transitoriness of the Internet is a sign of its perfection
  • To the mind which lets go and moves with the flow of change, transience becomes ecstasy
  • Rebirth from moment to moment reincarnates the value afresh each moment
  • To hold the Internet is to loose it
  • The Internet is miraculously natural without trying to be so
  • The pleasant and the painful are inseparable
  • To learn is to survive to become ignorant
  • The Internet essence is immediate and instantaneous
  • The ultimate reality of the Internet cannot become the object of knowledge
  • Living in the Internet is a constant awareness of watching
  • An awakening to the startlingly obvious may occur at any moment
  • Rigid control shuts out the experience of learning
  • Ends are achieved neither through repression nor indulgence
  • Regarding each new manifestation as our home puts us at home in each new manifestation
  • The Internet unfolds as we walk upon it