Of course, you’ve read
last week’s blog. You’ve followed the tips to observe, have an objective, join conversations, watch your analytics, and are now building relationships (or at least know how to). Part two takes things a little further. Remember that community is an investment in the cultivation of affinity, interaction, advocacy, and loyalty. You need to do more than create a social profile.
Reach Out
There are ideal social media participants who are key influencers. Proactively reaching out to engage potential ambassadors will go a long way in building a rich and rewarding network, full of valuable information and quality connections. Remember that the average person can have thousands of loyal followers.
Adaptation
Social media should be used to listen, respond, and adapt to ensure a company’s place in the market. Social media introduces new roles, necessitating organizational transformation to support social media objectives. Effective engagement, production, and brand/product evolution requires human resources. Improving products and services in response to community feedback requires internal collaboration.
Organizational transformations may include the support of Social Customer Relationship Management programs or sCRM. A company will realize that all departments can be impacted by social media. A network of internal brand ambassadors must work together. The company may work from top down, starting with social media policy and education; then empowering its employees. The organization will recognize that relationships with all people, not just customers, are equal.
Metrics
If you’ve been following this blog you’ve seen my
2010 internet marketing predictions. And if you get my newsletter you've read my 2011 internet marketing predictions (email "subscribe" to terra(at)fletcherfreelance(dot)com or sign up from the blog). Over the course of time between these two, my opinion on social media metrics changed. While I initially expected executives to be expecting measures of the true return on investment of social media dollars spent, I later recanted.
Most companies now recognize that this is just what needs to be done. However, if you are reporting to superiors not interested transparency or authenticity, you’ll need to further measure your efforts. The goal of such “higher-ups” is to steer the company toward greater profits. And I did previously mention that any social media strategy needs to include a clear goal and objective.
In order to measure the positive effect of social media, you need numbers. While you may not be able to measure explicit ROI (of course, companies with Super Bowl ads, don’t either), there are plenty of numbers to track. It is essential to measure data that correlates with activity. Track the number of fans, follower, and likes. Calculate the percent of engagement (2% feedback is good). Watch how many followers are active. Identify your biggest influencers. Strive to understand the volume, locations, and nature of online interaction. As you get more involved, the important metrics will become more clear.
For help with your social media strategy call Terra today at (715) 584-6773.