You might have heard about the traditional 5 key metrics in measuring your marketing and online marketing success:

1. Awareness
2. Influence
3. Attitude
4. Response
5. Value

But what if there was a different approach we should be taking in our measurement?  One that will clearly define whether or not we need to rework and refine our own messaging and positioning in the marketplace?  The 6^th Key metric, in fact, encompasses them all, and lies in the term we (not so) loosely term: Customer Value Management.

So let us explore…

1. Awareness
   Getting awareness right in the sense of volume to your site, your brand name and your social presence, is a great way of measuring your marketing success.  In terms of Customer Value Management (CVM), though, this does not clearly indicate our success in getting our message across.The measurement here is to ensure that your brand persona or messaging clearly outlines your value proposition, and that it is interpreted this way.  People build trust relationships, and if they do not understand what you’re representing and understand your positioning, they won’t trust your brand and interact.

   It’s not about what you say, but about how they interpret it.

2. Influence
   To measure your influence in understanding that people believe in you so much and enjoy the influence you have in their decision making process, that they want to keep you close. They want you to not only influence them, but also the people around them continuously.
   
   
3. Attitude
   Oftentimes we measure attitude by what we hear people say about our brand or marketing messages.  Let’s turn it around and start by looking at our own attitudes.  If our attitudes are right, if what we say and do make people want to draw near and feel the need to connect and affiliate, then we got it right.  If not, we need to go back to the proverbial drawing board and re-assess where the attitude pointing outwards should or could be adjusted.
   
   
4. Response
   Traditionally response is seen as the response to your message.  Increased sales, increased revenue and more likes and fans in the social realm.  These are all good principles to measure response and have been the driving force behind charts and graphs for years.  And they work.But in terms of the customer and their value, we need to look at our own response to their response.  When faced with a challenge, do we respond with an open mind, or do we react arrogantly?  Do we welcome their opinions on our brand, or follow the regiment ways of mass media, not allowing them to form part of our ethos?

   People don’t care what we know, until they know that we care.
   

5. Value
   And finally – instead of seeing our clients and marketing as just the impact on our bottom line, seeing what value we are adding to them. This is exactly the shift marketing needs to make when we look at our brands becoming interactive instead of trying to dictate to the mass media and enforcing our ideas on the predominantly ‘prosumer’ market.

   Our measurement in engagement value should provide the flexibility and insight to measure whether or not the market is letting us in.

Most of us love the idea (still) of speaking or broadcasting our ideas and values.  The world has changed and is changing as we speak.  New measurement metrics are key to keeping abreast of our client partners, and in this measurement, crucial to our realignment of voice and strategy.

Influence and Collaboration: Robin Pullen, BCI

Social media is all about, well, being social.  The platform was developed to interact (again and more frequently) with the people around us as we live in a more-and-more isolated environment.

As this media evolved and took the shape of groups, chats, instant messaging, professional contacts and job portals, some of the pioneers in ‘social for corporates’ have, it would seem, missed the point.

We are bombarded by a myriad of marketing messages daily.  Emails take the average user approximately 2,7seconds to analyse and assess whether or not it will be opened, read, or instantly deleted.  Ad breaks on television are almost longer than the program itself and almost every website you enter has flashing advertising banners screaming for you to hear their message.

What we want, more than anything, is to be human.  We want to have people (and companies) to interact with us in such a way that it is kept fun, inspirational and even emotional.  We want to be respected for our likes and interests – not some marketing faux.

Direct marketing used to know us by name – social media allows companies to ‘know’ us for us.

Getting a company or brand liked by nations on a social space, is certainly then not a marketing message.  It is an interaction.  A care.  Based on the knowledge gained by constant interaction with the ‘we’ following your company or brand.

Social media is a platform, thus, not for marketing products or services per se, but to be and remain social with the people who care about your brand as much as you do… People who believe in your ethos, trust you, and know that your brand development would mean the development of self.

Although he delayed it as long as he could, on Wednesday 1st February 2012, Facebook Founder & CEO Mark Zuckerburg filed their S-1 Documents[1] disclosing the company’s plans to seek $5 Billion ahead of an I.P.O.(Initial Public Offering) which will beat Google’s 2004 offering to become the world’s largest initial public offering of an Internet company. Facebook stocks, & those of companies with even miniscule associations to Facebook went, “soaring in trading”[2].

The release of their S-1 Documents revealed interesting information about Facebook’s business operations. Most of the Social Network’s revenue is generated from advertising & associated fees, their payment infrastructure enables users to buy virtual and digital goods from their Platform developers. Of the $3.71 Billion[1] revenue generated in 2011, $445 million was made through virtual goods sold by Zynga Games who account for approximately 12% of Facebook’s revenue with Facebook taking 30% of all Virtual Goods sold by Zynga Games, such as FarmVille and CityVille.

Facebook’s public offering will make it a public company, enabling anyone to buy shares in the company. Though this means huge amounts of cashflow for the company to further their visions, it also means monetising the company which could compromise Mark Zucherburg’s idealistic & user based approach to running the pioneer social network. Just as Apple challenged Microsoft for Software supremacy, Facebook now challenges Google for Internet supremacy. To strengthen this challenge, they will have to begin to split focus as their users, who have always been at the fore of their business and who form the basis of the business value proposition will now become the product of their business, firstly, and secondly the shareholders will now also need to see returns on their investments.

The company is expected to be listed on New York Stock Exchange or the Nasdaq in a few months and investors from around the world will be watching eagerly to see how this long awaited listing performs. Internet advertisers will be looking to see what this does to the performance of their ads, especially in comparison to long dominant Google.

References:
[1]: http://www.sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.htm
[2]: http://mashable.com/2012/02/02/facebook-ipo-tech-stocks/

During the last month, I have been keeping a keen eye on Google’s new approach to search. In my previous article, The Impact of Personalized Search on SEO, I mentioned that the decision to include Google+ social content in search results might not be welcomed by everyone. This especially stems from the fact that it seems as if Google places priority to Google+ information in its search results. One can argue that Google is entitled to include Google+ content, since they own the search engine. Also, Google mentioned that they would index data from Facebook and Twitter if they made their platforms open. One thing that is certainly sure however, is that Google has received significant backlash because of the decision.

Google’s social rival, the massively popular micro blogging site Twitter, are on the forefront of the accusing camp. After the new search algorithm was launched by Google, Twitter accused Google of trying to drive traffic to their social network by manipulating search results. A Twitter representative made the following statement: “For years, people have relied on Google to deliver the most relevant results any time they wanted to find something on the internet. As we’ve seen time and time again, news breaks first on Twitter, as a result, Twitter accounts and tweets are often the most relevant results. We’re concerned that as a result of Google’s changes, finding this information will be much harder for everyone. We think that’s bad for people, publishers, news organisations and Twitter users”.

Personally, I think Twitter has a point. Twitter has had a massive social impact over the last few years (the “Twitter Revolutions” for example) and breaking news can often be found first on Twitter. If results from Twitter (or any other site for that matter) is the most relevant, the information should be available first in Google search results. This also ties in with the aforementioned Search Engine Optimisation. If you have to compete with only slightly relevant data from Google itself, you’re in for a losing battle. One option is to embrace the change from a social marketing perspective. But is this really best for the user?

In conclusion, it seems that many are worried that relevant results get pushed down in favour of Google + content. Fundamentally, relevancy is what it all boils down to. Google might not be in the wrong here, they are certainly entitled to promote their social network, but they should not compromise the quality of their search results in the process.

Twitter/Facebook - image credit - www.cbsnews.com

Can you believe it’s already the end of January 2012. In this article I will quickly recap on some highlights of 2011 and what we can expect in 2012 when it comes to technology world-wide and in South Africa.

2011

One of the most exciting launches in 2011 was the launch of the iPhone 4S, officially launched in South Africa December 16th 2011. The new member of the iPhone family has a dual core processor, improved camera (8 megapixels) and improved video capturing capabilities. With this Apple set a new standard for the development of Super Phones.

After months of speculation Google launched their new attempt at Social Media. Google Plus (Google+) was launched in mid 2011. The platform seems to be a combination of features from existing social media platforms and is visually very plain and simple to understand. It remains to be seen if Google+ will play a big role in Social Media or will it come to an end like its predecessor Google Wave.

YouTube got a little renovation. In 2011 YouTube improved the user experience of their website. They changed the layout to make navigation and finding channels easier and also made it visually more appealing.
Google bought Motorola Mobility for $12.5B, a dedicated Android partner, which will enable Google to supercharge the android ecosystem.

2012

Mobile! I think a lot of tech companies will be focusing on building better and more functional mobile applications as the market for smart and super phones is exploding. Mobile penetration in Africa especially is higher than some European countries. I think we’ll see a lot of innovation in the mobile application sector especially in terms of location based services, social networking, mobile commerce and mobile banking. I think we’ll also see advances when it comes to mobile hardware especially battery life.

Social media should have a large impact on search engines delivering more personalized search results than ever before. I also think Google and other large search engines will take social media more in account when it comes to delivering organic search results using user generated information to establish whether a website is a good resource or not. See Marcel’s article: The Impact of Personalized Search on SEO

Android will probably increase their market share in mobile device operating systems with the purchase of Motorola Mobility.

Whatever is in store for us for the year 2012 – it will be an exciting year for technology. I am sure we’ll see great innovation in technology in general and especially in mobile devices.