Social Analysis BlackFin360 - Innovation To Reality

February 17, 2011October 14, 2013

Influencer Identification, Brand Marketers & the Growing Divide

Advocacy, acceleration of content creation and generating buzz around products and services are always at the top of the list for most brand Go-To-Market strategies.

One consistent goal is to identify and engage key influencers in a specific brand category and work to activate them by peeking their interest into becoming a brand ambassador for your offering. Sounds easy enough right?

The problem is the divide between influencers and brands is very real and more fragmented than you may think. Obviously there are the A-list influencers in each category. Getting a single mention from Guy Kawasaki (@guykawasaki) or a featured article via a TechCrunch or Mashable author are worthy of praise.

But how do you identify RELEVANT influencers? A large number of Influencers have moved past only residing in blogs and are leveraging other social channels. While blogs are still a key component of influencer outreach it is incredibly important to review an influencers comprehensive social footprint in comparison to your target consumer to ensure that you are maximizing your true social reach.

Many tools exist today to identify influencers across categories such as Technorati’s top 100 (Blogs) , Klout (Twitter), Radian6 (Multiple Channels) etc… but additional analysis needs to be conducted prior to executing your outreach program. Generating tool created influencer target lists is only half the battle.

When I work with brands I use a combination of tools to craft the ideal influencer target list for my brand category. But before I proceed with any type of outreach there are 2 additional steps that need to be taken.

#1 – It is extremely important to take into consideration the target consumer segments and behavioral characteristics. This is critical as your influencers are only relevant to your consumer target if they are actually relevant to your consumer target!

#2 – Not all influencers are created equally. Just because you have a list of 100 potential influencers to target it does not mean that you will get the most reach per channel.

When I review influencers for potential brand impact I take into consideration the following variables:

1 – Ensure my Consumer Segmentation is as detailed as possible including characteristics and perceived personas.

2 – Consolidate sets of traffic & engagement patterns via publicly available sources.

2 – Map Target Demographics & Age indexing against my consumer segments
3 – Categorize and review social channel penetration and impact per channel as well as review how integrated their individual channels are.
4 – If available brand partner history

Once all data has been collected I score each set of variables based on a proprietary influencer index that I created. I will review as much data as possible around each influencer… Monthly uniques, demographic indexing tied to my consumer segments then I run numerous calculations on factors such as Dan Zarrella’s Retweetability Metric (# Tweets per day /# of RT’s per day)/Followers as well as analysis of Facebook reach, YouTube subscribers, video views and more.

Each data element receives a 1-3 weighted ranking based on Primary, Secondary & Ancillary influencer target status and all scores are then averaged to gauge an influencers potential brand impact rating.

What I find is that there are many tools that will get you 80% of the way there in terms of identifying relevant influencers. There are many tools that are channel specific and provide valuable data. In order to find the individuals that are truly relevant to your potential target audience it is important to venture that last 20% in order to truly maximize your program for success.

Regarding the outreach portion it is extremely important to be respectful in your approach. Take the time and show an interest in the topics they are passionate about and incent them in a way that will definitely encourage them to engage and be reciprocal in your praise. Facebook’s upcoming change that will allow brands to take more control of responding as a brand can further increase the bond between influencers and the brand. Aggregate relevant posts, provide links back and respond to their requests in a timely manner. Treat influencers as you would like to be treated and it will go a long way.

I have found these steps to be an extremely valuable framework to executing a successful influencer identification and outreach program.

Follow Tom Edwards @BlackFin360

December 9, 2009July 6, 2011

10 Benefits of Social Crowdsourcing

As your social strategy evolves from driving awareness via consumer/liquid networks (Facebook, Twitter, etc…) and basic community elements you may be asking what’s next? How can I continue to drive engagement and provide enough utility to keep the attention on your brand. What can I do to influence advocacy. What about ideation? How can I continue to formalize feedback channels and how do I continue to provide a structured form of support that ultimately leads to cost deflection savings and other benefits beyond simple engagement?

My recommendation would be a branded crowdsourcing solution. Okay… so what does that mean and how is it different? Social Crowdsourcing solutions provide a structured approach to accomplishing multiple goals by leveraging individuals engaged with your brand where ultimately the best ideas and content prevail. In essence it enables a structured 360 degree feedback loop. When executed as part of a cohesive social strategy crowdsourcing solutions can provide value beyond simple engagement.

10 Benefits of Social CrowdSourcing:

1 ) Advocacy & Brand Loyalty – How better to influence behavior than by empowering an individual to directly impact a product, improve the overall customer experience, or deliver feedback within an organization on how to improve an internal process. When an individual truly feels as though they are making a difference there is a stronger connection with the brand or organization. An example is with Starbucks MyStarBucksIdea implementation. Users have the ability to directly influence product as well as the customer experience. Ask for a splash stick the next time you are in Starbucks. That nifty green stick with the decorative end is a direct result of crowdsourcing.

2 ) Structured Feedback (Recommendations/Reviews) – Going beyond a Forum… Social Crowdsourcing is a structured feedback channel. You have the ability to quickly identify feedback that is relevant to your audience and also has a direct influence on your products and services. A good example is with Dell’s Idea Storm. Dell leverages Idea Storm for the purpose of collecting feedback as well as point #5 below which is support.

3 ) Ideation – The old adage 2 heads are better than 1 comes to mind on this point. How about 2,000 vs. 20. By leveraging the power of the social crowd you gain an economy of scale in terms of your brainstorming output. This is applicable in almost every business setting from an agency that is looking to find the best idea for a campaign pitch to a Fortune 500 company looking for new ideas to innovate and maintain relevance. Social Crowdsourcing solutions enable the collaboration to occur. An example is Best Buy’s IdeaX.

4 ) UGC (Content/Contests) – User Generated Contests have been a staple of social strategy. With Social Crowdsourcing solutions you have the ability to facilitate this type of interaction. If you select the right platform (Not all Social Crowdsourcing platforms are created equally. I will be following up with a post on criteria to consider when selecting a Social Crowdsourcing solution) you should select a platform that is flexible enough to support multiple types of initiatives and campaigns while providing centralized access to the data. Both Men’s Health with their Belly Off promotion and HGTV with Rate my Space leveraged Social Crowdsourcing solutions

5 ) Support – When it comes to support we outlined the Dell example above. Other points to consider are decreased e-mail & phone support costs, faster response rates and resolution of issues, decreased escalation, increased satisfaction and decreased customer complaints. This is where tangible value can be gained for an organization beyond simple engagement. In a similar manner to how call deflection is a goal to gain efficiency social crowdsourcing can enable a similar benefit.

6 ) Reducing Product Quality Defects – What company does not want to decrease quality defects. You can leverage social crowdsourcing solutions to quickly identify issues and have a direct channel to address product corrections.

7 ) Decreasing R&D Expense – Leverage the power of social production to decrease your own R&D expense. Again leverage the combined knowledge and loyalty of your customers to help shorten the product development lifecycle.

8 ) Decreasing Time to Market – You can decrease time to market by launching targeted social crowdsourcing campaigns that serve as focus groups and ultimately drive product improvement and expand your reach in terms of testers.

9 ) Customer Service – In a similar manner of leveraging Twitter for brand monitoring it is important to understand the potential of using the structure of social crowdsourcing to directly engage with end users to drive resolution of issues and ultimately increase customer satisfaction.

10 ) Social + CRM – With structured interaction comes the ability to align user interaction and product feedback to your CRM strategy. The ability to create social profiles, create campaigns specific to feedback or rounds of ideation and ultimately gauge social interaction with actual customers is critical to driving value back to the business. A great example comes to us via Microsoft & Neighborhood America. Microsoft Public Sector On Demand this implementation leverages the power of a robust Social Crowdsourcing platform while showcasing integration with Microsoft Dynamics.

In my next post we will discuss points to consider when selecting a Social Crowdsourcing Solution.

November 13, 2009July 6, 2011

Social Commitment

In order to truly capitalize on B2C social strategy it is important to understand that social is a channel to facilitate collaboration and is a part of the overall organizational marketing strategy. However it is not the only element of your overall marketing strategy. But this channel probably moreso than any other marketing exercise requires a longer term investment to truly recognize the value of the approach.

Obviously social solutions can be leveraged for short term spikes, take-overs and quick blips on the brand awareness radar. But to truly maximize the value of social organizations need to advance on the social continuum towards cohesive social strategies and have a solid understanding of the goals associated with the interaction. Brand Awareness, monitoring, customer support, transactions, etc…

This sounds simple enough but there are many factors and behavioral elements that will need to be put to the test to properly execute. Depending on the level of social commitment from the organization a number of factors need to be considered and questions asked. What is the purpose of our usage of consumer networks (Twitter, Facebook). If you think about it for a moment is it to drive awareness? Drive some type of direct response? or some other objective. You should not have a Facebook fan page for the sake of having one. You need to be where your prospective targets are and I am a strong advocate of the usage of consumer networks but not as the primary hub of the strategy.

So you say not to make consumer networks your primary but “I have tried my own community but we did not get the traffic lift we thought we would get”. My first response to this is to review the marketing strategy tied to growing membership. A common mistake I see is the “If we build it they will come”. The expectation that members will magically appear and participate in your branded communities is reserved for a very small group of brands. For everyone else it takes a committed effort to drive fresh, relevant content, dedicated resources, reaching into existing target users and ultimately traditional marketing to drive interaction. You can have the best technology in the world but if you do not have a true plan for driving interaction the branded effort is destined to fail.

Once the plan has been defined, resources assigned and marketing underway it is important that the brand ultimately own some semblance of a branded experience. Be it a portal aggregating relevant content, community or crowdsourcing. The reason for this is that consumer networks rise and fall in popularity and there will always be the next big thing but your brand will remain.

A natural opposition to the longer term value is how marketing is portrayed and executed on a daily basis. When you think about the nature of traditional marketing it is very campaign based driving one buzz push to the next with constant reinvention along the way. With Social it is almost the opposite. The goal is to build momentum and attain critical mass to drive towards creating a sustainable interaction. This in turn enables a solid foundation of social data that maps back to organzational goals to drive the next steps of gaining value.

Regardless of how you leverage social it is important to fully recognize the importance of defining goals and creating a comprehensive strategy. As I stated in my last post the true value from social comes from the information that is created and how you are then able to capitalize on it. But in order to reach this point of organizational enlightenment you must have a commitment to social. It is not a campaign it is a long term channel of direct interaction.