- Apr 09
- 15
Social Media: From the Fringe to the Front Page
- Posted by Megan Weintraub
- Published in Social Media
In recent weeks, I’ve found myself in a staggering number of conversations with family, friends and coworkers about social media. I attribute this not only to their recent adoption of new technologies, but also to the surprisingly ubiquitous presence of social media in our regular news stream. These days it seems as if the New York Times can’t grant enough front page real estate to stories about Facebook’s fabled founders or how Snickers is taking advantage of the social media revolution.
Running parallel to the coverage of social media has been analysis of the precipitous fall of the economy. Given the overlapping timing of these two sea-changing stories, I can’t help but think about the connection between them. Obviously both the global economic crisis and the ubiquity of social tools are complex phenomena with causes and effects too large to number on these pages, but at the same time, it’s clear that the faltering economy played no small part in the explosion of social media services. Continue reading »
6 Comments- Mar 09
- 27
Have a Question? Tweet the Crowd
- Posted by Megan Weintraub
- Published in Social Media Marketing
Thanks to social media tools, marketers are finally learning the value of sharing the spotlight with their customers. In the old days, product information flowed directly from the brand to the customer. Marketers would put their heads together and develop the story they wanted to tell, the narrative that would (with any hope) stay in the mind of the customer when the purchase window moved from locked shut to wide open. Of course, branding in this sense still exists; we need only look at the most recent Super Bowl to see advertisers jockey for attention and spend exorbitant funds on commercials to sell pancakes and tax assistance. Continue reading »
1 Comment- Mar 09
- 19
Fleeting Fad or Here to Stay? The Meme of the Meme
- Posted by Megan Weintraub
- Published in Social Media
The history of Internet memes is as old as the Internet itself. In fact, you could say that one of the major wonders of the Web is how it has scratched our human itch to share pointless twaddle with everyone we know. (As a disclaimer, I should point out that I mean, in no way, to ignore the Web as a revolutionizing and often positive force in our lives. I simply want to illuminate how it has also handed us a way to indulge our obsession with offbeat cultural phenomena.) To put it bluntly, we have never seen a cat in a onesie that we didn’t feel compelled to broadcast far and wide. Continue reading »
4 Comments
In an information-saturated online marketing world, it can be challenging to find relevant content on a regular basis without committing valuable time. Using feed readers can cut through the clutter by customizing your view of the Web.
Feed readers aggregate new content from multiple sources— blogs, news sites, and multimedia— using RSS (Really Simple Syndication) technology, allowing you to quench your thirst for a particular field without visiting individual websites. Given its utter simplicity and its extreme utility, it astonishes me that I still have friends who haven’t yet set up a feed reader. Continue reading »
5 Comments- Feb 09
- 19
The Confession Virus: Facebook’s “25 Things” Takes Over the System
- Posted by Megan Weintraub
- Published in Social Networks
The first time one of my Facebook friends posted a note listing “25 random things” about her offline self, I was slightly embarrassed for her. Was she lonely? Should I call her? What would compel her to draft a note to 25 of her online friends with a list of facts that ran from highly confessional to simply idiosyncratic?
The “25 random things” list has embodied the social media zeitgeist of late, which is to say, for the past week or so. Like most online cultural phenomena, reactions to the exercise run from disgusted eye rolls to exuberant participation. One friend posted Facebook status updates throughout the week stating defiantly that he would not, under any circumstances, be compiling a list of his own random facts. Roughly four days later, he changed his status to, “I gave in,” and sure enough, he had written a list of his own that was at turns illuminating and captivatingly mundane. It didn’t take me long to join him in posting my own list.
Inevitably, we will all forget the “25 things” list phenomenon by next week. We’ll be back to creating our own Shepard Fairey images on Obamicon or sending breakdance e-cards. Before the moment passes, however, it seems worthwhile to look at the exercise as a salient example of both social and viral media.
Can we pinpoint where the social part ends and the viral part begins? That is to say, at what moment does the exercise move from one that is shared among members of a group to one that carries its own momentum to self-perpetuate and even influence people outside of the immediate group?
If we examine the “25 things” list, we see that built into its structure is a method to turn the list from merely social to significantly viral: tagging. At the top of each “25 things” list is a set of rules:
“Once you have been tagged you are supposed to write a note with 25 random things, facts, habits, or goals about you. At the end choose 25 people to be tagged. You have to tag the person who tagged you because they want to know more about you.”
The instructions then tell the user exactly which buttons to use to find and tag people and then publish the new list. Tagging becomes a vehicle to viral because it disseminates content extremely rapidly among a group of 25 people who are all connected to hundreds more online friends beyond the intended audience of the note. While tagging does not guarantee viral success, it does increase the odds. Imagine if 25 people compiled individual lists and then tagged 25 unique friends, and then those 25 friends tagged 25 more? Within minutes, 15,625 people could potentially be exposed to the “25 things” virus.
Regardless of their personal feelings about the general usefulness or value of “25 things” (or even Facebook, for that matter), marketers can learn lessons from this phenomenon. Why did “25 things” become a viral sensation?
- It was simple.
Participants in the “25 things” challenge were handed nothing but a blank canvas and straightforward directions for how to get started. - It “sold” compelling content.
Online readers are consumers. No, they’re not necessarily clicking on ads or filling shopping carts, but they are consuming information and ideas with alacrity. - It took advantage of network effects.
As exemplified by my friend who finally “gave in,” the power of the network is in its insidious ability to convince you that you’re missing out on a global activity. “25 things” spread rapidly because its influence grew beyond the individual nodes; it began to affect enough people that it felt somehow rude to shun the invitations to participate.
Of course, it’s difficult to predict the effects of any virus. Some lie dormant for years. Others flare up and then quickly die. While no one can estimate exactly how long or far the “25 things” virus will travel before it runs its course, we can be sure it will leave its mark on the Facebook community
No Comments- Jan 09
- 29
Strike While the Iron is Hot with Social Media Marketing
- Posted by Megan Weintraub
- Published in Social Media Marketing
Although the economic ground beneath our feet is squishy at best, we’re standing in a particularly sweet spot in the world of social media marketing. As more marketers turn to blogging, microblogging and social networks to build brand loyalty, the social media services themselves continue to wrestle with how to make a profit off all of our online activity.
Twitter has finally hired its first business development executive as it continues to look into pay-per-tweet and advertising revenue streams while Facebook has implemented a fairly lucrative advertising model and even manages to convince some of us to purchase digital “gifts” for our online “friends.” MySpace has found currency, both literally and figuratively, in the music world, as it offers bands a forum to reach new audiences and build their online following.
While these social networks flesh out their budget plans, marketers continue to search for the best way to retain customers and find cost-efficient strategies to communicate with them. As the economic forecast calls for more gloom in the coming months, those marketers who have managed to hold onto their jobs need to find a way to keep their brands in front of their customers without depleting their company’s remaining funds. Now is the time to shed your misgivings about social media marketing. Until these services start charging a registration and usage fee, it’s too costly to your own business objectives NOT to try them out.
With that said, remember that the only solid social media strategy for your business is the one that works. There is no one, perfect way to maximize the reach and scope of Facebook or Ning or Digg. If you create a space in which you can continually offer compelling content and value to your customers and prospects, then they will return. Simply put, the old excuses for why your business can avoid dipping its toe in the social media marketing pool no longer work.
Social media marketing takes too much time to set up and monitor
In the time it took you to read the opening paragraph of this post, you could have signed up for a new Twitter account, written the topic sentence of your next blog post, or invited twenty people to become fans of your business on Facebook. While it’s true that social media marketing requires attention and upkeep, you will get the hang of it with enough practice. Over time, you’ll develop your own voice and get a sense of the type of communication your customers and prospects react to the best.
Social media marketing can’t possibly bring value to my business
According to a 2008 study by Cone, 59 percent of Americans regularly use social media, and of those, 56 percent find a stronger connection with brands that have established some sort of interactive social media environment. While the ROI of social media marketing can be difficult to calculate, social media’s intangible bang-for-your-buck is as a lead-nurturing tool. You might not make a direct sale through Twitter marketing (although Dell certainly has), but you will help your business to stay in front of its future customers, so that once the economic ground grows more solid, you’ll be in the right position to move forward.
In other words, social media marketing has grown from a fringe service into a viable marketing strategy for companies of all sizes. As Americans spend more time in online environments, it’s more important than ever before to solicit feedback and generate forums where you can demonstrate your company’s expertise. And while Twitter twiddles its thumbs over how to make money off of 140-character tweets, marketers can test a rich array of free services to communicate with their customer base and wait out the storm.
This is a guest post from Megan. Subscribe to our feed if you’d like to hear more of her thoughts in the near future.
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