A/B Testing Social Media @ Social Media Marketing 2010

A/B Testing in Social Media please see InfiniGraphs YouTube channel for the rest of the program.

In this clip I talk about what InfiniGraph is doing on the social graph and the great innovation we have coming out soon.



Full length is here

Social Media Marketing 2010 - A/B Testing for Social Media from InfiniGraph Chase McMichael on Vimeo.

@ChaseMcMichael
@infinigraph

A/B Testing for Social Media July 8th

Exciting next week I will be speaking at #SSMSF A/B Testing for Social Media July 8th. Will be talking directly about how to drive and measure target traffice to your site while optimizing the content for increased relevance. Using Social Intelligence in this context is a big deal and will be our first showing of what we have been doing recently. Get over to Hotel Nikko starts at 9am.


Social Media Marketing 2010 - San Francisco - July 8th, 2010

A/B Testing for Social Media

Panelist: Hiten Shah ( @hnshah) – KISSmetrics, Dan Martell – FlowTown and Chase McMichael (@chasemcmichel) - @InfiniGraph

Overview: Over the past decade or more, A/B testing has proven an invaluable method of marketing testing to optimize landing pages, emails, ads, and text. Learn how to apply the A/B testing methodology to your marketing campaigns for increased social media engagement. Find out what the experts are currently using as engagement metrics, learn major pitfalls to avoid, and hear their take on everything from optimizing blog post lengths to optimizing websites for most searched keywords

Register with this link and use discount code: 10smmsf1 to save 10%

Come and join us in the conversation!

@chasemcmichael
@InfiniGraph

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Social Intelligence and Social CRM – a powerful combination

Re-post from InfiniGraph blog


In our last blog we talked about Social Relevancy and the fact that your customer are connected and interacting with many brands and content types that all have to be considered when developing a strategy to engage and ignite your audience.

Social CRM (SCRM) is the new big buzz word for now, however, there is a great deal of definitions and interpretation to what SCRM really is (see Social CRM Pioneers). Several recent studies (link) on what a Facebook Fans “LIKER” is worth brings light to Social Media is serious business when it comes to the companies CRM strategy when your customers on Facebook are more valuable.

A fraction of your online customer base moves your brand or insight community interaction around your brand enabling social crowd sourcing. If the brand engages with right set of people the crowd wins. Social Intelligence is a key to understanding your audience and the best engagement points. The flaw in social listening or monitoring platforms is not all customers are talking about you. Being keyword base also poses another challenge in that what keywords your customer are using are not the obvious ones such as your brand name.

Customer interaction in the social web is one key mechanism to dive the crowd to participate. This quote from Seth Godin “you don’t manage your customers, your customers manage you” really sums up the truth about what the dynamics are between consumer to brand relationship in the social web.

Beyond understand your customers’ interaction with your brand and connecting the dots of your customers numerous social personas, accessing the Content Consumption Graph (CCG) becomes another critical step to harnessing intelligent crowd sourcing.

Enhance your knowledge of your customer by developing strong SocialCRM foundations;

· customer-controlled

· integrated

· interactive

· connected

· lifecycle-based

· value-focused

· community-driven

· cross-divisional

· marketing-driven

What does all this have to do with Social CRM and the relevant impact? The entire organization needs to socialize and optimize in order to affect decisions and earn relevance.

Social CRM takes a different view on your customer base to enable empowerment and crowd sourcing beyond traditional customer support and put it on its head.

1. Employees and Customers contribute to this echo system

2. Customers have reach and meaning in their own micro communities

3. User generated content like videos, blogs, reviews, forums etc all become the source of consumer ownership.

4. Customer Service becomes a central theme because customers have an amazing broadcast capability and the ones super connect can start a grown swell

5. Marketing is a function of service and who is being engaged is extremely important

Brands now have new opportunities for building customer relationships like never before and are 1 degree separated for a massive collective that operate in real-time. Understanding your customer and what motivates them is a key attribute to finding those who are moving your brand.

According to Solis, 'the ability to identify active communities of relevance, tracing influential people and channels, and the dissection of all phases of the process of decision making, all in real-time, are crucial aspects of social media marketing.”

Using Social Intelligence enables this Identification and involving these ‘influencers’ and communities. Linking a company CRM to interactive marketing actions are some of the core elements of an integrated, Social CRM solution. Interactive marketing, customer interactions based on real-time data, and customer actions should be linked with one and another. That’s the technical and tactical aspect: you communicate with the customer in a way that he wants to, based on the digital signals and ‘triggers’ they give you.

If we define influence as the ability to inspire action and measure the corresponding activity, the socialization of influence now expands beyond the strategies and software that organize and optimize customer relations and the management processes that govern it.

@infinigraph
@chasemcmichael
@stephaneosmont

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Ready for Social Relevancy & Facebook Open Graph?

With all the hype over on Facebook launch of Like and Open Graph, it is time for me to highlight areas that marketers have to consider besides just dropping in a widget or a plug-in on their pages. Facebook has opened big opportunities in information discovery, consumer opt-in, expanding Social CRM (SCRM) and increasing Social Density around your brand. SCRM has now expanded beyond social listening and seeing your consumer overlaps with vertical products to a whole new level. Below is a great example of how to identify consumers that match other brand preferences and expand reach through loyalty.

With Open Graph, users now don't just become a "fan" of a brand, band, sport, or style of music. They will simply decide whether they "Like" something. By using the "Like" button or making a “comment” on a site, users automatically authorize Facebook to publish this information on their profiles or their friend's news feeds. Below are examples of categories listed in the Facebook Open Graph API. Plug-ins provided by Facebook allow the segmenting of friends who "Like" something by publisher.




Facebook Object types currently supported:

This provides much greater access to user information, but the majority of companies don’t really know what to do to enhance the social velocity of their brands. Since greater access carries greater responsibility in consumer privacy protection, brands must offer a level of transparency to assure integrity.

As of last check, Facebook has added nearly 300 website "Like" buttons per hour and now over 100K. Marketers are salivating over Facebook's 500+ million users but without a clear way to comprehend what is information is available and how to maximize their conversational presence. The publishers are organized by top level categories enabling network based content interaction across many publishers.

The vision here is to build a network of discovery tools and information that operates at a higher level than search. The goals are to answer questions for users. What are my friends doing? Where are they eating? What do they recommend? This clearly doesn’t eliminate the need for search, but it does represent an alternative way in which to discover information. For This will make it easier for marketing professionals, who will have yet another set of content connections to manage, to make sense of the new services.


The mountain of data that Facebook will gain is going to improve the site's search capabilities as well as integration of Bing. For example, if Facebook knows the most “Liked” Caribbean restaurants in Miami and my friends like these same restaurants, the site can show that information in my search results. This hypothetically makes Facebook search much more social, turning the site into more of a "recommendation engine” than Google in its current state.

This is all speculation for the moment. Since Facebook doesn’t have a really good search experience, it remains less useful than Google. However, it is possible to imagine much improved Bing integration combined with data and metadata gleaned from millions of profiles and “Likes” across the internet — making Facebook a more personal, more social and much better “discovery engine” than it is today.
This social discovery also applies to Brands and consumers sharing links about where they are or what they are Twittering about is a bonanza for smart marketers who want to be more in tuned to the audience they service.

Viral link sharing in the context of social density of who is sharing what provides a MUCH better discovery experience for Brands that want to understand their social ecosystem and the relationship between consumers who want to find people interested in the same topics. This radically different approach disrupts old ways of searching over a massive web-based indexes welded to link structure. By zeroing in on collective group movement, viral link sharing provides greater relevance to all parties. Twitter and Facebook reflect what’s resonating among the community affinity matrix right now.

I’m working on this real-time aspect of leveraging brand ranking and social preferences to understand social resonance and relevancy of a particular fan page and linked content that a key audience is collectively resonating around. We now have the ability to determine relevance of a page beyond the number of links it has.

Influencers are interacting with content and sharing links all the time. The Social Syndication Acceleration is based on the number of shared and the influence Rank of the person sharing the links. Google-style search is based on web links and document content where as real-time search is linked to what people are talking about now and provides radically different search results for users who are linked to brands/tribes.

Also see Trend: Social CRM Consolidation

@ChaseMcMichael

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The Future of Social Ad Targeting

Facebook is by far the most user generated content rich sites when it comes to aggregating consumer’s preferences to real world products and services i.e. people fanning pages (1.5MM+ fan pages). The overall challenge with Social Ad Targeting is respecting consumer privacy and the fact that a great deal of social information is now public domain. Companies like MyLikes.com “Word of mouth advertising platform connecting advertisers with influencers Share your likes with friends, make money or donate it to charity” are using peoples “networks” like on Twitter to broadcast brand offers they get paid when others click. The big question is authenticity and will this increase relevance?

Now we’re seeing a fast move towards more audience targeting, where demographic, behavioral and contextual data are aggregated to create a unified view of a target audience. Social graph ad targeting is a way for marketers to target consumers based on who they're connected to within online social networks but its hard to see if these companies are really using the graph or just doing cookie based re-targeting as we talk about below.

The offline world has been doing this for years and has highly structured data trading processes where as the online marketing world is just starting to really trade in this valuable currency.

The consumer self selected information is becoming the nexus of this equation, however, with Facebook recent changes in its data use policy ad platforms that once got data from API / FB Connect sites are now or should be disconnected.

Special Provisions Applicable to Developers/Operators of Applications and Websites
2.6. You will not directly or indirectly transfer any data you receive from us to (or use such data in connection with) any ad network, ad exchange, data broker, or other advertising related toolset, even if a user consents to that transfer or use.

Analysis: This entirely new clause strongly suggests that some online advertising companies have been doing exactly what it says they shouldn’t be. This is unsurprising given that many online advertising companies have built their businesses on secretly buying and selling user data, however that data might have been gained, then using the information to do things like target ads. It’s not clear how Facebook can enforce their good behavior on its site, but the clause is a good first step to limiting abuse.

Using cookies and attaching those cookies to Personally Identifiable Information (PII) violates privacy laws created to protect consumer’s privacy, HOWEVER, brands, publisher sites and ad platforms have figured out that consumers check the box on the privacy policy and terms of use policy without reading anything opened up the door to PII and cookie. We’re seeing major players engaged at scale to improve ad targeting (re targeting) using data obtained from database marketing, social sites and other highly segmented data to improve ad efficiency. The NAI is pushing hard on policymakers from enacting tough online privacy rules recently released a new study showing that ads targeted based on users' prior Web-surfing behavior are more valuable than run-of-network ads.

"It's clear that behavioral targeting has the potential to significantly elevate the value of the inventory -- to the advertiser, to the publisher and to the network," says report author Howard Beales, a former head of consumer protection for the Federal Trade Commission.
The study is based on a survey of 12 ad networks -- all NAI members -- about their 2009 ad revenues. For the study, researchers surveyed 12 ad networks that belong to the NAI about their 2009 ad revenues. Beales reports that marketers paid average CPMs of $4.12 for behaviorally targeted ads, compared to $1.98 for run-of-network ads.

As of last week Facebook’s deputy general Michael Richter announced “ In the proposed privacy policy, we've also explained the possibility of working with some partner websites that we pre-approve to offer a more personalized experience at the moment you visit the site. In such instances, we would only introduce this feature with a small, select group of partners and we would also offer new controls.” In other words, partners are going to use social targeting and leveraging your graph to increase Facebook and their monetization.
The off-site and in game opportunity is enormous using consumer data to increase ad relevance. Using social data to improve ad efficiency is not new concept and a recent study by Razorfish shows that those who fan have 3 fundamental elements; Love of the Brand, Exclusive Deals/Offers and Service/Support


This is the year were more companies will push the boundaries of the social graph to increase sharing, conversation and click through probability. With all good things there will be the bad apples abusing consumers. We hope that targeting will reduce the visual spam were getting now and add continuous value.

Chase
@ChaseMcMichael

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Facebook / Twitter Stats Show Buyers are Followers

A new study from Chadwick Martin Bailey and iModerate Research Technologies found that consumers are 67% more likely to buy from the brands they follow on Twitter, and 51% more likely to buy from a brand they follow on Facebook. Moreover, they’re 79% more likely to recommend their Twitter follows to a friend, and 60% more likely to do the same on Facebook:

This was obtained from The Retail Advertising and Marketing Association, a division of National Retail Federation, released new research at NRF’s Retail Innovation & Marketing Conference on the habits of social media users. They are comparing social media users to the average U.S. adult, which is to say is the SM user different or desires more media stimulation. The survey looks at the differences in demographics for each group, including male and female usage as well as age differences in social media users compared to other adults. I like to compare these results to what the Fortune 100 is doing with social media and see the overlap.

•Seven out of 10 social media users between the ages of 18-34 regularly use Facebook more than other sites such as MySpace, Twitter and Classmates
•71.8 percent of social media users say that after an online search, they communicate with others about a product or service with face-to-face communication
•More people who use social media prefer to give advice about a product or service rather than receive it
•Social media users are more likely to use other new media compared to adults 18+
•70.6 percent of female social media users regularly use Facebook, compared to 61.0 percent of males
•More men than women prefer to communicate with others via a cell phone conversation after searching for a product or service online



Above came from "The Global Social Media Check-up" Insights from the Burson-Marsteller Evidence-Based Communications

This is very supportive to my position that social analysis is a key element to any social strategy, however, the only problem is there is not one single solution making it more difficult to do quantitative measurement. Here is The top 4 things all business must consider when launching their social presence.

1. Monitor Your Own — And Competitors — Social Media Presence.
Ton of social listening product only problem is who are you listening to. If you don't identify who is connected to you and who are you customers you will find fast that you can get overwhelmed with the flood of data. The key is WHO has the reach to your audience that matters.

2. Get Top Management “Buy In.”
This is so important and the big question is who in your company at the management level really uses say Facebook, Twitter or Linkedin. You will find there use of the technology many not be the same as your consumer or the brands social equity value to a consumer.

3. Develop a Social Media Strategy.
If the plan is to set up a fan page and twitter but not to feed it and co opt in people in the organization or find and grow social brand evangelism for a long term objective the results will case number 2 above to fade. People in the organization need to be involved and own this not just your agency with the next big idea.

4. Define and Publish a Social Media Policy.
I have done many corporate social analysis and found major bloggees and ultra connectors in companies that are not being valued at all. These people and the entire employee base is a HUGE asset to the social media equation. The number of people in a company that are connected to friends ie your customers most likely is massive. If you don't provide guidance and how to leverage this base the base will do it for you.

I'm still working on the next post regarding industry penetration based on type for Facebook.

Chase

Moms and Social Marketing 2010

Over the past year I have been observing my wife and the use of social media. It's been amazing what I have found out and her overall behavior around social brand interaction. The Mom Marketing BIGresearch, 2009 did a great job highlighting things I was able to directly observe. Here is a great verification to what I observed.

According to a Retail Advertising and Marketing Association survey conducted by BIGresearch, women with children at home are more likely to use Facebook, MySpace, and Twitter than average adults. Additionally, 15.3% maintain their own blog.

Mike Gatti, Executive Director for RAMA, suggests that "... retailers who aren't engaging customers through social media could be missing the boat... the web provides efficient, convenient ways for brands to stay in front of their most loyal shoppers and attract new ones."

On a scale of one to five, when asked what types of promotions most influence their purchases, product samples in the store, product samples delivered to home, loyalty cards, and special displays rank as moms' favorites, says the report.

32.9% of Moms prefer department stores and 23.2% head to specialty apparel stores when shopping for clothes for themselves. Shopping for their children's clothes, 30.7% say they head to discount stores, 19.6% say department stores and 17.5% prefer specialty apparel stores. 45% of Moms also most prefer discounters the most for their children's toys and for their own personal health and beauty products.

When it comes to the traditional media preferences, the Food Network and the Discovery Channel are the top cable TV picks, People and Cosmopolitan are the most-preferred magazines, and the daily local and weekly community newspapers are at the top of the list of most-read.


Though individual comments don't constitute a comprehensive study, they are valuable in considering the marketing message. When asked what advertisers on Facebook should do that they aren't currently doing, moms say:
• "Provide exclusive offers (i.e., printable coupons, etc.). Exclusive offers would entice me to respond to the message (not just read/glance at [it]), and I might look them up on Facebook and become a fan."
• "[Be] more interactive. Starbucks is a good example - they just had a Facebook campaign where you could send a coupon for a free Starbucks ice cream to a friend on Facebook."
• "Offer samples."
• "Certificates or coupons for freebies or special discount offers. I always print those and use them."
• "Coupons/discounts for family places [such as] restaurants or coupons for grocery stores."
• "[Be] a little more targeted with online store specials."
• "Just talk to us. Direct us to Twitter or a blog where we can talk back. It's too complicated to carry on a conversation on Facebook. Make it easy for us."
• "I'd like to be able to comment on something they post without being alerted every time someone else makes a post. Sometimes that becomes distracting."
• "Provide something that would actually help me, not just market their product."
• "I like being a fan and following the products/companies that I choose to follow. It makes me feel like I can make the choice of what advertisements I am willing to pay attention to. Advertisers need to move toward fan pages and away from the sidebar ads. Running the occasional contest is always fun!"

For more depth on the report check out http://www.nrf.com/modules.php?name=News&op=viewlive&sp_id=786

Chase McMichael
@ChaseUNBOUND

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