About Me

Toronto, Ontario, Canada
Len focuses on helping small and new businesses succeed through developing appropriate marketing and sales strategies. Len enjoys mentoring, relishes in getting both arms and feet wet in addressing technology, marketing and sales issues. He understands the drivers impacting business results for today and tomorrow including time-to-market, time-to-revenue, marketing, sales channels and social media.
Showing posts with label social networking. Show all posts
Showing posts with label social networking. Show all posts

Monday, April 12, 2010

Email Remains the Killer App Despite the Rise of Social Networks and Text Messaging

I've been using email since the late 1980s. So it is ingrained in me. I don't think of it as new or challenging in any way. But lately I've noticed that I'm using the email systems inside public social networks to send messages to "friends" and "contacts" in these online environments. I'm posting comments on their profile pages. Do I see this as a replacement for most of my communication. No! Just another way to connect to people.

That's the same way I feel about texting or text messaging. I've been using short messaging on my mobile phone for 5 years. That doesn't make me an early adopter by any means. What started off as an opportunity to stay in touch with my family throughout the business day without telephone calls has graduated into me using Twitter to send short messages to many people including family.

Windows Live recently conducted a survey of its users (see graph to the left) and found that 71% preferred to stay in touch with friends and business through email rather than social networks.

In that same survey users, however, were almost equally divided when asked about their preferences - text messaging versus email. It seems that even millennials, the digital natives
generation, still find themselves preferring email to other forms of communication, particularly in business settings.

In recent studies of millennials reported by Accenture email is increasingly being challenged as the preferred medium for corporate communication. It seems within this generation of users the younger you are the less you see email as significant. The numbers are quite revealing with older millennials spending 9.5 hours per week writing or receiving work-related emails, working mid-millennials, 7.7 hours and younger millennials in high school and college, less than 2 hours. The preference of these youngest millennials is text, instant messaging and communicating through social networks. Regardless of what age millennials are, blogging is not part of their comfort zone. The Accenture survey reported less than 30 minutes a week was spent on blogging, far less than the time spent using search, texting or interacting on social networks.


So here I am blogging, a digital immigrant, explaining the trends that businesses must be aware of as they hire the next generation of workers or interact with the next generation of consumers. Hopefully, when these millennials are doing Internet search they will find my blogs.

Thursday, December 10, 2009

Where Companies are Marketing Focused These Days - the Internet

For 2010 it appears that business leaders are focusing on three marketing tactics that are all Internet based. Although traditional advertising is still something business is prepared to invest in, the hottest areas of growth are being devoted to email, social media and search.

Many companies are integrating their email and social media efforts but many others are still trying to figure out just how to make tweets and social network fan pages turn into new customers and more revenue.

In this study done by StrongMail, 42% of business leaders reported a lift in their marketing campaign performances after integrating social networking and email, but almost a quarter admitted that they had no clue as to how to measure the results of their integration efforts.

Only 5% of companies saw no value in integrating email and social networking. This research report supports the growing trend of companies to rethink the way they promote brands, whether through the Internet or through other more traditional advertising and marketing venues. Very few are ignoring social networking and micro-blogging because if they cannot see and measure the results, they certainly sense that there is something to this social media revolution.

Wednesday, December 2, 2009

Social Media Marketing Central to Fastest Growing Companies - Isn't it About Time Your Small Business Invested in this Medium?

Over 90% of the 100 fastest growing companies in the U.S. are using social media in their marketing strategies according to the Center for Marketing Research, University of Massachusetts, Dartmouth. More than half of the companies surveyed were tweeting. This is a remarkable uptake and reflects a significant change in behaviour as the companies surveyed recognize the power of social media to reach customers.

The change over the last two years has been remarkable. In 2007, 43% of the 500 companies surveyed were not invested in social media as a marketing strategy. Today only 9% have not at least adopted one social media strategy.

The study which included 148 of Inc. 500’s fastest growing companies was conducted by Nora Ganim Barnes, Director of the Center, and researcher Eric Mattson. The chart to the left illustrates the growth in use of social networking, blogging, and Twitter with a decline in podcasting, bulletin boards and online video. When those surveyed were asked to gauge the success rate of their investment in social media, they reported an 82% success rate for Twitter and 87% using other social networking tools.

Nora Barnes states, “While so many things are leveling off, social networking and blogging remain strong, showing businesses are continuing to immerse themselves in social media and blogging even while others are getting cut back.” Barnes believes companies recognize the low to no-cost of using social media to promote products and services, often requiring no more than a small group from various departments within the organization to interact with customers. “Social media is the only thing I know that you can talk to a customer 24 hours a day, seven days a week, 365 days a year, a portal created between a consumer and a provider that allows constant and open discussion....If there is a problem, it can be immediately taken care of, making it easier to to address issues. Consumers like it and businesses like it because things don’t fester. Social media allows things to be handled quickly,” Barnes states.

The study reports that 68% of the companies interviewed are listening to hear what people in social networks are saying about their brands and business. That represents a significant increase from 2007 when only 50% were paying attention to what people were saying. Barnes remarks, “you shouldn’t only be talking on social media, you should be listening as well.”

The types of social media activities that these up and coming companies have engaged in over the last two years are listed below in order of use.
  • Wikis - 92%
  • Message & Bulletin Boards - 91%
  • Podcasts - 89%B
  • Blogs - 88%
  • Social Networks - 87%
  • Online Videos - 87%
  • Twitter - 82%

Tuesday, November 24, 2009

Creating a Plan for Implementing Social Media in your Marketing Strategy

From time to time I have the opportunity to read other bloggers columns and share them with you here. The following excerpts come from Taylor Ellwood, a social media coach and writer who resides in Portland, Oregon. Her recent posting on BizNik is entitled, The Five Elements of Basic Social Media Strategy.

Taylor's 5 elements include:

1. Define Your audience. She points out that audience is more than just existing clients. It includes prospects and partners. Your target audience may be a subset of your total audience because not all of your clients, prospects and partners may embrace social media. Consider age and other demographics in determining your social media audience.

2. Define your business model. Is your business model B2B or B2C? For example, B2C is a determining factor when considering Facebook whereas B2B may be LinkedIn, Biznik, Partnerpedia or similar social networking site.

3. Pick out your key words and phrases that define what you do. Match your key words and phrases with those that make your clients and prospects pay attention to you. These are the words and phrases clients use to describe what you do for them. This is a magnet to attract other members of a social network with similar needs, members that you have never met.

4. Define your goals for using social media, but keep them realistic. Taylor advocates that you need to go into the social media space with very specific goals. I'm a great believer that any action plan should have distinct and measurable goals and a social media strategy is no different.

In her article on this point Taylor states "It's important to define realistic goals for using social media. A realistic goal is publishing an article to be more visible to your social network. An unrealistic goal is expecting that the article will automatically help you convert readers into clients. It's unrealistic because it's not something you have much control over, and you will get frustrated if it doesn't happen. Recognize the technology for what it is and what it can do and plan accordingly with your goals."

5. Assess how much time and effort you will need to spend learning how to use social media sites, as well as what social media sites you need to be on. Also be mindful of using blogs, e-newsletters, internet radio, video, and other forms of social media and factor those into your assessment.

The last point stated above are Taylor's words not mine. It is very important that you recognize the time commitment you need to make in a social media strategy. Unlike investing dollars in advertising on web pages, or in a magazine, the cost of social media marketing is more a measure of the time you need to spend to create a successful, measurable outcome.

Finally, my additional two cents....it is important to continually test to see what works and what doesn't in social media. This is a brave new world for business to venture into. But as I have stated previously it is hard to ignore the number of people that are on social media sites. The Facebook nation is the fourth largest community in the world, almost equal in population to the United States. LinkedIn is better than one-and-a-half the size of Canada in population. To ignore these numbers in your business strategy is to miss a golden opportunity.

Wednesday, November 18, 2009

Friending a Brand on Facebook

In my previous article I talked about how your business can use Facebook. In the November 18 ezine, "eMarketer - Digital Intelligence" comes the following interesting statistics from a study done by Razorfish, the global digital marketing firm.

The company's “2009 FEED” survey studied US users who had high-speed Internet access and had spent at least $150 online in the previous six months. These consumers demonstrated strong brand connections. Almost 25% participated in brand-hosted contests. About the same percentage followed brands on Twitter. And more than 40% had "friended" a brand on Facebook or MySpace.

Why "friend" a brand? Because in do
ing it these consumers were being offered special discounts and deals that made the effort worthwhile. Most as well reported enjoying the brand website, and deriving entertainment value from their online experience.

Digital consumers who visit your website today are not looking for information alone. They want much more - a memorable experience. In your web marketing strategy it is important to keep that in mind.

Use polls, create multimedia, invite them to participate in questionnaires, hold contests, create discussion forums, and encourage comments. It's about engagement, entertainment, connecting emotionally.

It is a proven fact that most of us make our purchasing decisions because of the emotions we derive from the buying experience. Think of just how important colour was in your car buying decision. Yes, the fuel economy was important, but more often than not you were ultimately sold on appearance and how it made you feel.

Engage your digital customers and prospects to heighten their emotional connection with your brand. It works. To get more statistical results from this study you should visit Razorfish.

Thursday, October 1, 2009

What is Appropriate Social Network Behaviour

In this latest article posted on Kiwi Commons I talk about the lure of posting information about you on social networking sites. What is appropriate? What is inappropriate?

If the axiom, "social media is all about communication with low expectation," then it is important for you to understand the audience that connects to you and your social networking profiles. Although your connections are referred to as "friends" on places like Facebook and MySpace, these are not friends in the conventional sense. In fact, if you invited them to a night out on the town, most would never show up even if they accepted your invitation. So that is one meaning of low expectation....l0w results.

But low expectation can mean something entirely different. It could reflect the fact that when you post you have low expectations about readership. Is anyone really looking at what you write? Does anyone look at the pictures you post?

Another meaning of low expectation.....is what you say about yourself evoking low expectation on the part of your readers? When they read your profile are they drawing a negative conclusion? If you are applying for an important job, or trying to make a good impression on someone important in your life, then what you say in about you on your profile may evoke much higher expectation in those who view it.

So please connect to the Kiwi Commons link and let me know your thoughts about appropriate social network behaviour.