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Contributor Peter Minium explains how connections are formed on social media, the purpose of these connections and how they can be leveraged to win the social media marketing game.

Thousands of years ago, clans gathered around fires to share their day’s experiences and to tell stories that established group norms and shaped social organization. Today, the fire’s embers have been replaced by the glow of internet-connected devices, but the communal exchange of stories and perspectives remains a fundamental force in social development.

From a business standpoint, a few important differences emerge from this evolution. Social media users can now publicly discuss their experiences with brands or products, forming large coalitions of interest that exert vast social pressure on brands and other organizations. From the presidential election to the newest cereal, everything is now a matter of public interest.

The essential principle, however, of shaping our world by sharing stories remains the same. The connections we build with others around us are the infrastructure of social change. Understanding how these connections are formed on social media, the purpose of these connections and how they can be leveraged is foundational to social media marketing.

Understanding social mechanics with game theory

Though the need to participate in social exchange is obvious, it has proved challenging to effectively model how social systems work, especially when considering the impact of new media and technology on societal discourse. Game theory, a mathematical evaluation of competition and cooperation between interested actors, is a promising solution.

Despite what its name may suggest, game theory has little to do with “games” as we might typically think of them. It seeks instead to understand how rational participants, bound by a set of rules, respond to different stimuli. The application of game theory to social media can help us identify the objectives of social media users, and how they work to achieve them.

The “players” of the social media “game” are clearly the users — brands and consumers alike. Brands use social media to reach new customers, build a loyal audience and respond to consumer reviews, while the private social media user wants to keep up with friends, stay current and participate in social conversations about matters large and small.

Gaining powerful allies in the social media status game

Brands and consumers have different objectives, but how they achieve their ends is the same: social influence. All social media users compete for a limited supply of influence, clamoring for their voice to be heard. The mistake that many brands make is to see consumers as targets, or even enemies, instead of the powerful allies they can be.

If brands cooperate with consumers, assisting them in achieving their objectives, both can win the social media game. Above all, this means brands must provide social media users with the tools they need to increase their status, and thereby their influence on the conversation. By doing so, brands can proliferate their messaging and gain the vocal support of a vast audience.

Social status is at the core of every human interaction, and one of our most central drives. Its significance has recently been underlined by the discovery that changes in status are processed by the striatum, the same part of the brain that processes money. Researchers found that an increase in social status triggers a definite and quantifiable neurological reward.

Increasing and measuring status with game mechanics

In conversation, we largely seek to increase our prestige, which can be done in one of three ways:

  • Creating new content.
  • Sharing content.
  • Challenging content.

Each of these adds value to the conversation, introducing a new perspective, supporting, or critiquing an existing perspective, which in turn increases our status.

These avenues are built into most social media platforms, with “likes,” “shares” and “comments” all enabling us to quantifiably assign status to others and evaluate our own. Like points and levels in a video game, these features allow us to measure how popular we are in a community, and our brain rewards us each time we win a point — or punishes us if we lose.

In terms of game theory, these features should be thought of as game mechanics, which leverage our:

  • Desire to accumulate.
  • Preoccupation with social standing.
  • Appreciation of feedback.
  • Interest in connecting.
  • Enjoyment of personalization.

By tapping into deeply embedded psychological drives, these mechanics make social media engaging and rewarding.

Brands help themselves by giving consumers a voice

Each time brands elicit feedback from consumers or release content that is exciting or interesting, they give social media users another opportunity to score social points.  Making a witty comment or sharing a fun video will increase a user’s status in their community. This is clearly a win for the brand, just as much as it is for the consumer.

It is equally important to avoid disapproval as it is to build support. Social media can magnify consumer condemnation as easily as it can bolster approval. Many brands have found themselves the targets of social media callouts when consumers chastise brands for an unsatisfying product, an ill-phrased comment or a poorly timed campaign.

Game mechanics are only part of the picture

The dangers of social media are exemplified in Pepsi’s 2017 ad featuring model Kendall Jenner, which referred to recent protests against police brutality. Though it portrayed Pepsi as a reconciliatory force, bridging the gap between opposing factions through the unifying power of its product, an irate public condemned the ad as tone deaf on social media.

Pepsi’s ad failed for two important reasons. Despite the brand’s intentions, audiences found the ad inauthentic, feeling it did not align with the brand’s purpose. More importantly, the ad did not respect the seriousness of the conflict, whose racial overtones and mortal significance demanded a great degree of sensitivity in the eyes of the public.

A winning application of game theory

In stark contrast, Heineken’s Worlds Apart ad won widespread acclaim the same year. The ad depicted ideologically opposed pairs working together to build a bar, before electing to share a beer and discuss their differences.  Though Heineken’s ad responded to the same social climate and expressed a similar theme of unity, it could not have been more differently received.

It is possible that the public saw beer as a more genuine point of unison over such serious issues, but the real difference lies in Heineken’s treatment of social concerns. Rather than positioning itself as a heroic savior in a trivialized conflict, it showed itself facilitating participants in their individual struggle to have their voice heard and to improve their world.

We can look at Heineken’s ad not only as a case study in sensitive and authentic messaging, but also an effective example of game theory in action. Heineken allied itself with social media users, providing them a platform from which to express themselves. In doing so, it enabled them to become heroes in their own story, winning likes, comments, and shares in their own networks.

Winning the social media marketing game

To win the social media marketing game, brands are increasingly using the behavioral insights offered by game theory to craft effective social media strategies.

While brands and consumers have seemingly different objectives, they share the same drive for social influence. By recognizing this and enabling buyers and prospects to enhance their social status, brands can create a win-win situation for consumers and shareholders alike.

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Peter Minnium is President of Ipsos Connect, where he leads the US team in helping companies measure and amplify how media, brands, and consumers connect through compelling content and great communications. Prior to his switch to market research, Peter was Head of Brand Initiatives at the IAB focused on addressing the under-representation of creative brand advertising online.

Sourced from Marketing Land

By Joshua Nite

Time moves faster on the internet. Last month’s memes are about as relevant as a 1920s vaudeville show. Even a bona fide viral phenomenon from just a few years ago seems quaint and dated.

Twitter and Facebook are only 12 and 14 years old, respectively. But they’re aging at internet speed. And right now they’re having a midlife crisis. Instead of buying a sports car and taking up craft brewing, though, that crisis is manifesting as existential dread and intense soul-searching.

The people who run the platforms are publicly examining their purpose and societal impact. More importantly, the people who use the platforms are asking tough questions:

What am I getting out of my time spent here?

Who is this platform structured to benefit?

Should I be trusting my data with this platform?

Is this a positive or negative thing I have let into my life?

As marketers, we have to ask ourselves the same questions. And we should add one more: Is our social media marketing valuable to our audience?

If we’re not adding value, we’re adding to the problem.

Social media is in crisis right now. But that doesn’t mean marketers should abandon ship. It means we have to do our own soul-searching. We need to take our social media accounts off of autopilot and approach them mindfully. Here’s what marketers should consider as we weather the social media midlife crisis.

How Does Your Social Media Marketing Make People Feel?

A recent Hill Holliday report found that a majority of 18-24 year olds were at least considering abandoning social media. Over a quarter said that social media hurts their self-esteem or makes them feel insecure. Thirty-five percent said there was too much negativity, and 17% said they were considering quitting because social media makes them feel bad about themselves.

Connecting with your brand on social media should make a person feel better. They should feel that your brand shares values with them, is paying attention to them, can help meet needs and solve problems.

It’s worth evaluating what your brand is posting on social to make sure it’s helping spread positivity. The old days of scaring or shaming people into buying a product are more than over. The overarching message of any brand on social media should be some variant of: “This is what we’re like. If you’re like that too, you’re awesome. Here’s some help you didn’t even know you needed. Here’s something to make your day a little brighter.”

Connecting with your brand on #socialmedia should make a person feel better. They should feel that your brand shares values with them, is paying attention to them, can help meet needs & solve problems. – @NiteWrites Click To Tweet

Is Your Brand Using Social Media to Be…Well…Social?

Let’s be honest with ourselves, shall we? No one opens their Facebook app saying: “Gosh, I hope I have some satisfactory brand interactions today.” People use social media to connect with other people — you want to see if your high school best friend had her baby, check out your uncle’s kitchen remodel, or see pictures of your parents’ second honeymoon.

Most brands on social media have been pretty lousy at giving people that type of person-to-person interaction. Which explains why people are moving their conversations out of the public eye, into private groups in apps like Facebook Messenger and WhatsApp.

How can brands be more social on social media? It starts with transparency and honesty. I love Wendy’s’ sassy Twitter account as much as the next jaded Gen X’er, but snark only takes you so far. Use your social media posts to introduce the people behind your brand and the values they stand for. Then aim for meaningful interaction: When someone reaches out to the brand, make sure the reply is prompt, personal, and useful.

How can brands be more social on #socialmedia? It starts with transparency & honesty. – @NiteWrites Click To Tweet

Is Your Brand Connecting with People Your Audience Trusts?

At the heart of it, there’s a limit to how well your brand can connect with individual people. Even when you’re honest, transparent, and engaging, a brand is still not a human being.

The relationship dynamic will always be a little strained.

That’s one of the many reasons why influencer marketing works so well. Influencers can co-create content with you and amplify it to their audience on a much more personal basis than your brand could manage on its own. Find the people your audience already follows — in other words, the ones they want to interact with. Then work with these influencers to bring their audience great content that only your brand could have helped create.

Working with influencers helps put the personal, social touch back into social media marketing. It puts the emphasis of your brand interaction where it belongs: person to person.

Working with influencers helps put the personal, social touch back into #SocialMediaMarketing. – @NiteWrites Click To Tweet

Getting Beyond the Crisis

When social media platforms first launched, most of us jumped right in. We found our high school classmates. We connected with friends from college. We added co-workers and family members and friends of friends, and we shared everything. Over time, we developed routines. Now, people are finally starting to analyze just what social media means to them. Most will keep their accounts open — but the majority will change the way they interact with the platforms.

Sound familiar? Most brands jumped headfirst into social media, developed routines, and then many of us went on autopilot. Now it’s time to question what we hope to get out of social media, and whether our tactics are getting us closer to those goals. And most importantly, making sure our goals match what our audience wants from us.

By Joshua Nite

Sourced from Top Rank Marketing

B

If you want to improve your small business’s sales, you can go about it a lot of different ways. You can change the way you approach sales calls, you can focus on increasing online sales using SEO, or make use of any number of other strategies. Here are some thoughts about some of those options from members of the online small business community.

Apply Analytics to Your Sales Calls to Dramatically Increase Sales

If you want to improve sales for your small business, you might be able to use hard data and analytics to make your pitch really resonate with prospects. In a post on Smallbiztechnology.com, Marc Prosser shares some strategies you can use to apply data to your sales calls.

Learn About the Voice Search Revolution from These Queries

Voice search is becoming a lot more common for everyday consumers. So that means it’s something that’s going to impact small businesses quite a bit in the coming years. Bryson Meunier dives into some voice search queries to examine what businesses should learn a recent Search Engine Land post.

Consider the Worth of Social Media Marketing

Plenty of small businesses use social media without having any idea what the investment in time and resources is actually worth to them. In a recent Prepare 1 post, Blair Evan Ball examines the worth of social media marketing for businesses.

Use These Online Brand Guidelines for Small Businesses

No matter what you do to market your business online, keeping your brand image in mind should always be a top priority. To keep a firm grasp on your brand online, take a look at the guidelines listed in a recent CorpNet post by Barbara Weltman.

Take Advantage of Low Cost SEO Strategies

SEO doesn’t have to be an expensive strategy for marketing your business. If you don’t have the resources to dedicate to a massive undertaking, you can take advantage of the low cost strategies in a recent Pixel Productions post by Chris Hamil. Members of the BizSugar community also commented on the post.

Improve Your Twitter Hashtag Research with These Tools

You probably already know that hashtags can be a great way to improve your visibility on Twitter. But if you’re not using the right hashtags, they won’t have as much of an impact. You can make better choices by researching your hashtag options using the tools included in a recent Social Media Examiner post by Lindsay Bartels.

Choose the Best Colors for Your Brand

Colors can make a major difference when it comes to designing your brand. And different colors tend to carry different meanings and connotations. So it can be beneficial to have a grasp of the psychology of color. Kelly Morr elaborates in a recent DIY Marketers post.

Overcome the Challenges of Being Your Own Boss

Being your own boss might sound like a dream come true for a lot of people. But as seasoned entrepreneurs know, it also comes with a lot of challenges. Katie Lundin explains how to overcome some of those challenges in a recent CrowdSpring post.

Look Forward to These Email Marketing Trends

Email marketing has been a mainstay in the marketing strategies of small businesses for years. But though the format remains, some of the trends have changed over the years. Ilma Nausedaite of MailerLite offers some trends to look forward to in email marketing this year. And the BizSugar community offer some thoughts as well.

Use Google Trends to Improve Your SEO Strategy

Having a firm grasp on the topics that are trending online can help you gain visibility for your business through social media and SEO. And Google Trends is a great resource for examining some of those topics. Get some tips for using Google Trends in a recent Noobpreneur post by Ivan Widjaya.

If you’d like to suggest your favorite small business content to be considered for an upcoming community roundup, please send your news tips to: [email protected].

Image Credit: Shutterstock

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Sourced from Small Business Trends

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The days when marketers could reach customers through a single channel are over. Multi-channel marketing has become the norm in almost every industry. Merging social media and email marketing is one of the best ways to grow your brand.

However, marketers are having difficulty integrating their social media and email marketing campaigns. Polls have found that 95 percent of marketers recognize the importance of multi-channel marketing, but 51 percent admit they lack the tools and expertise to set up these campaigns.

If you need direction on combining social media and email marketing, you should follow these tips.

Use influencer marketing to earn trust

Email subscriber rates have collapsed in recent years. The biggest reason is that unscrupulous marketers have abused email to spam potential customers. They are very cautious about subscribing to email lists of brands that they do not trust.

Many black hat marketers use spam tactics to try building their email lists with social media. This has hurt the credibility of legitimate marketers trying to earn email subscribers. You need to earn their trust before driving them to your opt-in page.

One of the best ways to gain the trust of potential subscribers is by using social media influencers. Find social media users in your niche that people trust. People will be far more likely to join your email list if you have the endorsement of one of these experts.

Intertwine all channels

The primary focus of many marketers is to use their social media traffic to promote their email lists. Don’t limit yourself this way. Social media doesn’t lose its value as soon as your followers subscribe to your mailing list.

You should also try promoting your social media platforms with your email campaigns. Fruit of the Loom incorporates their major social media profiles into most of their emails, which has helped them expand their reach on social media.

Test both similar and custom opt in pages with your social media traffic

Facebook and other social media platforms offer a wide range of targeting options to reach new audiences. Many marketers have trouble figuring out how do you build their campaign funnels around different audiences.

Should you target eight different types of customers and reach them with the same ads and landing pages? Or should you build custom funnels for each of them? Both approaches have their merits, so you may need to improvise for each campaign.

In some verticals, different demographics respond very differently to certain marketing messages. Marketers in other industries find that there is a little distinction with the demographics that actually convert. Testing different ads and landing pages to optimize your results.

For example, you can create multiple landing pages for each demographic group you are advertising to and A/B test them to find what works best. Landing page software, like Wishpond, makes creating and testing landing pages simple while also integrating with third party email platforms.

Once a social media visitor is converted into a subscriber, use email marketing platforms like Campaign Monitor to create personalized email content based on the landing page message that got them to convert. If the landing page offered an ebook about a specific topic then your email copy should offer additional value on the same topic.

Use multimedia content and pinned posts to reach potential subscribers on Twitter

For many marketers, the term “social media marketing” is synonymous with “Facebook marketing.” Too many marketers overlook the potential of other social media platforms, such as Twitter.

Twitter can be an excellent site to build your email list. However, you need to work hard to make sure that your tweets stand out from all of the noise.

Kajabi has a lot of experience promoting campaigns on Twitter. They have found that using multimedia content and pinned tweet is a great way to build an email list.

Use social data to estimate demand for various lead magnets

Using a lead magnet is one of the most effective ways to build your email list. However, it is easy to invest a lot of time and resources building a lead magnet that appeals to a very small group of people. You must measure interest before investing in it.

You can use social media to identify lead magnet angles that appeal to a large base of potential subscribers. Try tweaking the targeting options with Facebook ads to see the size of different audiences. You probably don’t want to create a product that will resonate with 5000 people on the network.

Twitter doesn’t have the same audience estimates that Facebook does, but there are ways to test engagement for different ideas. Try running sponsored tweets for blog post that will be similar to your lead magnet page. You can use the number of retreats, likes and clicks to gauge interest in a particular topic.

Feature Image Credit: Shutterstock

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ChamberofCommerce.com specializes in helping small businesses grow their business on the web while facilitating the connectivity between local businesses and more than 7,000 Chambers of Commerce worldwide. Chamber is focused on providing the latest business news, small business advice, and helpful tips and resources for small businesses, entrepreneurs and mid to enterprise level companies. Follow us on Twitter at @ChamberOnline.

Sourced from smallbiz technology

Want more traction in your marketing efforts? Then think births, deaths, and marriage.

Online social networking has revolutionised the way people communicate and interact with each other. This is despite all the annoying things that come with it (just think of all those articles complaining about the top ten most annoying habits on social media.)

Not only does social media make us happy and annoyed, there’s advantages to using it. For example, reconnecting and gossiping with old friends about babies, birthdays and baptisms/christenings.

A new study from the University of Notre Dame’s Mendoza College of Business examined the impact of major life events, such as getting married or graduating from college, on social network evolution. And the researchers say that the results have important implications for business practices, such as in marketing.

The study shows that major life events not only get more social media attention overall, but also bring long dormant connections back into social interaction.

Researches Hong Guo, associate professor of business analytics, and Sarv Devaraj, professor of business, and Arati Srinivasan of Providence College, specifically focus on two key characteristics of individuals’ social networks: indegree of ties and relational embeddedness. Indegree is the number of ties directed to an individual. Those with high indegree centrality are assumed to be the most popular, prestigious and powerful people in a network due to the many connections that they have with others.

“We find that the indegree of ties increases significantly following a major life event, and that this impact is stronger for more active users in the network,” Guo says. “Interestingly, we find that the broadcast of major life events helps to revive dormant ties as reflected by a decrease in embeddedness following a life event.”

Relational embeddedness is the extent to which a user communicates with only a subset of partners. Social networking sites allow users to manage a larger network of weak ties and at the same time provide a mechanism for the very rapid dissemination of information pertaining to important life events such as engagements, weddings or births.

“We show that major events provide an opportunity for users to revive communication with their dormant ties while simultaneously eliciting responses or communication from a user’s passive or weak ties,” Guo says. “Increased communication with weak ties thereby reduces the extent of embeddedness. We also find that one-time life events, such as weddings, have a greater impact than recurring life events like birthdays on the evolution of individuals’ social networks.”

So why does this matter outside of our social media circles?

“Knowing this, advertisers may better target their ads to major life events. For example, a travel agent marketing a honeymoon package can target a user who has shared that they just got married,” Guo says. “From the social networking sites’ perspective, various design features may be set up to enable and entice users to better share their life events, like how Facebook helps friends promote birthdays.”

So, you might want to think about your next marketing campaign. Does it tie in with big life events? No? Then get on that.

 

Posted on .

In the past, it was often difficult to accurately measure marketing methods to determine which methods were driving the highest levels of traffic. Today, we have access to a wide array of online marketing methods, including social media and influencer marketing. In fact, a study conducted by SocialChorus found that an influencer marketer campaigns can drive up to 16 times the engagement of owned or paid media.

Compared to traditional forms of marketing, social media offers the ability to create incredibly targeted marketing campaigns while also measuring an array of metrics to determine which methods drive the greatest return on investment (ROI). The same is also true of influencer marketing. Even so, in order to ensure the greatest ROI, it is imperative to track and measure the right metrics. Below, we explore five metrics your business should be using to measure the success of your influencer marketing campaigns.

1. Total Investment

First and foremost, you need to determine how much you are actually investing in influencer marketing before figuring out how much of a return you are receiving on that investment. The cost of your investment could include a variety of expenses, including researching influencers and even setting up an influencer campaign. Other expenses might include the cost of providing free product samples to your influencer and your audience. In the event that you need to set up demos or test areas, you will also need to include those costs for your company to determine the overall investment cost of the influencer campaign.

2. Reach and Ratio

This could actually be two different metrics. It is important to understand the difference between these two metrics and their importance to the success of your campaign. One of the biggest challenges that many businesses encounter when setting up an influencer campaign is trying to differentiate influencers. Not all influencers are the same. More often than not, businesses make the mistake of focusing on the number of followers that an influencer has. While a high number of followers could be advantageous, it does not necessarily guarantee the results you want. For instance, suppose an influencer has a large following but that following is not engaged with the influencer. In this type of situation, the response your brand receives from your influencer campaign may not be as robust as you would like. By comparison, an influencer with a smaller but much more involved and interactive following could drive far better results. Due to these differences, it is important to make sure that you are focusing on the reactions that an influencer receives when sharing your marketing messages as the true gauge of the success of the campaign. If you need help in measuring this metric, a number of tools are available, including Traackr.

3. Sentiment

The main reason that an influencer campaign can be so successful is that it rests on the ability of the influencer to obtain buy-in from the audience. Consequently, it is vital that you measure the sentiment regarding your businesses marketing message.Through evaluating the way in which your brand is perceived by your target audience, you will be better positioned to identify areas that may not resonate as well with your target demographic and adjust your marketing message accordingly. Along the same lines, you can also see which messages receive the most favorable reaction, giving you the opportunity to increase awareness around that message the influencer is delivering.

4. Brand Effect

Of course, ultimately, you need to determine what effect the message had on your brand. As part of the process of measuring brand effect, you need to evaluate such metrics as the amount of traffic generated to your landing page or website, the number of times your product or brand was mentioned online, the number of new subscribers received, or the number of new followers or fans added on social networks.

5. New Sales

For most businesses, the ultimate goal of any influencer marketing campaign will be the number of new sales directly attributed to a marketing message or campaign. Keep in mind that this number may not be readily available immediately following the campaign. The purchasing cycle for your product or service could actually extend far beyond the duration of your marketing campaign, so remember to continue measuring even after the initial campaign has come to an end.

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Sourced from Weigh Your Mind

By Bill Wagner

My own little small-sample case study.

Blogging is big business, and Google thinks so, too. Rand Fishkin of Moz has a series of YouTube video I highly recommend to anyone interested in deep dive into the deeper recesses of SEO. Check out his Whiteboard Friday series HERE.

Ranking high on search results is vital for smaller business in need of exposure. Blogging is the best organic method of achieving those results if done correctly. Throwing words on a page isn’t the answer. Quality is, and that means writing good stuff that gets shared over and over again.

A good social media automation tool boosts this process nicely. I use eClincher. You should, too.

I don’t have an AdWords account or fancy metric aggregators, nor do I need them. Social media is a storytelling platform that takes time. I believe in the process and sticking to the grind. In the end, quality wins the right people and the right eyeballs. This proves my point if only to myself.

The Test And Results

Using a long-tail keyword, I found my grind quite fruitful. I searched “Bill Wagner Content Marketing” and found my blog posts ranking on page 1 of results.

I was beyond happy. I actually clapped and giggled like a little kid at my desk. Then, of course, the skeptic in me raised his hand with a valid question: Were these results simply a by-product of searching on my own Google account?

That’s a good point. Let’s test that.

The benefits of social media paid off once more as I reached out to my LinkedIn network and Facebook friends for help. I asked for screen shots of their front page with the same long-tail keyword. Below is a sample of results. You can see more of them on my LinkedIn profile.

My social network is awesome!

Mobile searches yielded a few more paid results before my organic work showed up, but the data was clear. My blogging and automated sharing has paid off. A simple long-tail keyword is mine, all mine! (Cue the Dr. Evil laugh!)

Conclusions About The Process

Blogging works and this is proof. The secret sauce, the one thing you must do right now, the simple hack to make it all work? Time. That’s it. It takes time.

These posts were all written in June and July 2017. I shared them repeatedly over the last several weeks. The question you may be asking is how many clicks and reads does it take? Here are my Medium stats:

A big part of social media sharing is using the right platforms at the right times. LinkedIn and Google + are big parts of my strategy. Google + is very important for search because Google’s search algorithm prioritizes placement there.

The numbers speak for themselves. Obviously some of the stuff I wrote didn’t do as well as the rest. My personal favorite is Connecting With People Who Hate Your Shirt. Yet, my most popular post is about marketing buzzwords. There’s another one of those coming soon. Believe that.

My Beliefs Confirmed

I embrace the grind at my content marketing business Safe Strategies. Social media, blogging, graphics, videos, and all online content comes together to tell a multi-layered story that is your business.

This is just a tiny sample of how well-crafted content builds a great online presence. Let’s connect and chat about what you want out of social media and how Safe Strategies creates it. Increased engagement, better leads, and quality customer interactions are all things that happen when you invest time online.

Let’s chat. Connect with me on Twitter @LearningBill, on LinkedIn, or Facebook.

By Bill Wagner

Umpire and referee turned writer and coder. I delete more than I publish. I laugh at my own jokes, too. Follow my company on Twitter @SafeStrategies

Sourced from Medium.com

By Ayodeji Onibalusi.

It’s getting harder to get anybody’s attention. That’s why you can’t afford to stop trying.

Is social media marketing really dead? That’s one question business owners, marketers and leaders are currently struggling to answer. According to recent reports, social media platforms are losing their momentum, with the likes of Snapchat losing subscribers and Twitter losing the conversation appeal. This, in turn, is affecting the impact social media marketing has on business.

In a study of B2B buyers, only 19 percent of those surveyed said that social media played an important role in their discovery process. This report, among others from industry influencers, has sparked a new concern about the future of social media in business. But don’t be alarmed.

In reality, social media isn’t dead. In fact, it’s not dying anytime soon. It is very much alive and remains an effective tool for marketing your products and services. This is why 78 percent of companies have dedicated entire teams to social media and others have reported more than a 700 percent increase in social media sales from their efforts on social media.

If you are thinking of boycotting social media in your marketing efforts, think again.

1. When used right, social media helps reach a wider audience.

It’s undeniable the way we use social media today isn’t the way we used it a few years ago. Due to the fast advancement of technology, more people are now online, and the amount of information available is enormous. Users, bombarded with a never-ending flow of information on different social platforms, can only read a fraction of it.

As a business owner, you have a challenge to reach your audience in the midst of all this information. To succeed, you need to:

  • Know where your readers like to hang out
  • Understand the type of content they like
  • Strategically plan your content based on that information

It’s the only way you can guarantee readership and an increase in customer base. That’s why a company like TED, known for its TED Talks, is winning on social media. The company has managed to leverage its content by turning those long videos into short, easily shareable viral videos. They found their winning formula because they understood what their users were looking for.

2. It is only a promotional channel, not the end game.

To understand why you shouldn’t give up on social media, you need to understand how it works today. Some time ago, a business could easily go on social media to sell its products and services directly to consumers. Today, the landscape has changed.

People no longer appreciate direct sales on social media. They want to be enticed with interesting information or videos before they decide whether or not to buy what you’re selling. That’s why an informational blog post will be shared more times than an advertisement. By posting easily shareable content like videos, images or posts, you will:

  • Achieve better online visibility
  • Improve your credibility as an expert
  • Increase your customer base

3. Social media provides insights and helps convert leads into customers.

Through the data you are able to gather on different social media platforms, you can better understand the demographics of your followers, their preferences and their thoughts on your brand. This information can help you generate targeted content that will lead to improved readership, an expanded follower base and increased service inquiries — all of which are good for business.

In addition to providing valuable insights, social media is a great tool for converting leads to customers. When you respond to their concerns or make them feel special in some way, they regard your company as more desirable. They also become more loyal to the brand and are more likely to recommend your products or services to friends.

Through personalized customer service and regular interaction on social media, your business can gain new customers and retain existing ones very easily.

4. Social media helps increase website traffic.

In today’s digital era, the importance of website traffic cannot be overstated. More traffic to your website means more subscribers and more potential customers. You can later convert these subscribers into buyers, increasing sales.

While website traffic can come from different sources, including organic search and links from other websites, social media is a great component of it. When you post clickable content, people share it among their circles, and the cycle can be endless.

At a time when more people are online at one particular time, you can expect increased website traffic from increased social media presence.

Conclusion.

The reality is social media isn’t dead. I’s just changing and requires businesses to adjust accordingly. You have a shorter time than before to reach your audience, communicate your intention and draw them to whatever service you provide.

According to research, only 16 percent of your Facebook followers are able to see your company posts organically. And on Twitter, only 10 percent of your followers can see your tweet when it’s posted. To reach the right users, you need to make sure your content can be found. You can achieve that by sharing the right content at the right time and on the right platform.

The other reality is you cannot beat your competition without social media. Nearly 75 percent of companies using social selling report an increase in sales in 12 months. You do need social media in your business, and so do your users.

Image credit: erhui1979 | Getty Images     

By Ayodeji Onibalusi.

Ayodeji Onibalusi is an inbound marketing expert and advocate of high quality digital marketing. He has over five years of experience helping companies create winning content distribution strategies. You can check out his company…

Sourced from Entrepreneur

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Editor’s note: this is a transcript of a keynote speech that The Drum Promotion Fix columnist Samuel Scott delivered today at 3XE Digital in Dublin, Ireland. This post is a substitution for his next regular column, otherwise scheduled to be published this coming Monday, while Scott is now on vacation. His next column will appear on Monday, June 5.

Thank you for the introduction. This is my first time in Ireland, so it’s great to be here and see the Emerald Isle. I only have 20 minutes here to go through just a small number of the falsehoods that a lot of you probably believe, so let’s dive right in.

Note: this talk is rated 12-A in the UK and Ireland and PG-13 in America. Parental guidance is suggested because there will be some strong language.

If the greatest trick the devil ever pulled was convincing the world he did not exist, then the greatest trick that the sellers of certain marketing software have pulled for the last decade was convincing marketers that advertising is dead.

For years, so-called experts proclaimed the death of advertising and so-called ‘outbound marketing’. In 2004, Jim Nail of Forrester Research said we’re seeing “the end of the era of mass marketing”. In 2009, Bob Garfield of Ad Age wrote that “the post-advertising age is underway”.

For years, we all saw countless articles and pundits saying that advertising is dead or proclaiming that it soon will be. And you know what they were? Completely and utterly wrong.

Yes, print advertising has declined and a few other forms have remained level. But TV advertising has increased – more on that later – and digital advertising has skyrocketed. When you look at total ad spend across all channels, you see that advertising is very much alive. But tell me again that advertising is dead.

By now, in 2017, I hope that everyone here already knows that advertising is far from dead. It’s not even mostly dead. So, why am I introducing this talk with this lie? Because we are hearing similar bullshit today – but on other topics.

For 10 years, companies selling marketing software and people with agendas spread the lie that advertising was dead to sell more software and benefit themselves – even though it was clear to anyone paying attention that they were wrong. And no one ever calls them out on their lies even though anyone selling widgets is always going to say that everything that is not a widget is bad.

I see many similar lies being spread today, so I use my talks as a keynote marketing speaker around the world and my regular column in The Drum to counter them because I care about the work that we do.

Before I worked in marketing, I was a journalist and newspaper editor in my first career. But I still apply the same critical and objective analysis that I used in journalism when I discuss the marketing industry today.

So, let’s go on to the other lies that are continually repeated today.

Seth Godin in 2008: “Content marketing is the only marketing left.” Every person I know who works in brand advertising would beg to differ. Every person I know who works in PR would beg to differ. Every person I know who works in direct response advertising would beg to differ. Seth Godin was wrong.

In 2011, the Hubspot blog published a post that stated: “We honestly believe that outbound marketing is dead.” No, you do not. You honestly believe in spreading the lie that so-called ‘outbound marketing’ is dead because you sell software that you brand as the alternative.

I mean, seriously – could you be any less subtle?

One problem with so-called ‘inbound marketing’ is that most of it is still ‘outbound’ by the very definition of those who use the term. If you publish new blog posts – which are often ads by other names – you are pushing them ‘out’ to search engines. You are pushing them ‘out’ into the world by posting them on social media and in online communities. It’s still ‘outbound’. Website traffic will not magically appear unless you push something ‘out’ in the first place. Marketers ‘interrupting’ consumers is still very much alive and well. Google interrupts search queries with ads. Facebook interrupts our interactions with friends and family members with ads.

But the real problem with so-called ‘inbound marketing’ and ‘content marketing’ is that it’s just a different way to say good, old-fashioned ‘marketing communications’ – but that is harder to sell.

For those who have never studied traditional marketing, we have always had the four Ps of product, price, place and promotion. Under promotion, you have the marketing promotion mix of brand advertising, direct response marketing, public relations, sales promotion, personal selling and, as I argue today, SEO.

On the left, you have a classic direct response advertisement that was made by David Ogilvy. Headline, informative text and graphics, and a call to action. On the right, you have the standard format of a blog post. Headline, informative text and graphics, and a call to action. It’s the same, exact thing.

Now, why is it that we put this in a newspaper and we’re doing ‘direct response advertising’, but if we put this on a company blog, we’re doing ‘content marketing’? The channel and the medium does not determine the creative. The marketing practice does not change simply because the channel changes.

Marketing communications is simply the formation of an idea, the insertion of that idea into a piece of marketing collateral or content, and the transmission of that collateral to an audience. That process occurs within one of the frameworks of the promotion mix. Same as it ever was. It’s all that content marketing is – we don’t need a new term that was conjured up by someone to sell ‘content marketing guides’ and tickets to conferences like what the Content Marketing Institute does.

Almost every example of ‘content marketing’ that I see is just an example of traditional marketing communications.

In 1971, Coca-Cola put out the famous ‘I’d Like to Buy the World a Coke’ ad on TV. In 2015, Coca-Cola redid the spot and put it online. It’s the exact same thing. So why is it that when we put something like this on TV, it’s called ‘advertising’, but when we put it on the internet, it’s called ‘content marketing’ or ‘social media marketing’? Why are digital marketers so afraid of the word ‘advertising’ when we create ads? Oh, yeah – it’s because advertising is supposed to be dead.

I have seen publicity stunts, direct response campaigns, brand advertisements and more all deemed to be ‘content marketing’. And if a word means everything, it means nothing precise or useful because different types of marketing collateral and campaigns have specific best practices and times when to use and not to use them.

And at the worst, it’s just an excuse to flood the internet with useless crap as a way to get as traffic back to a website through any means necessary. Even if it hurts the brand in the long term.

The next lie. For the last 10 years, countless gurus and experts have told us that people want to have relationships with brands on social media. That brands should act like real people and ‘engage’. And all of these gurus and experts told us these things without ever offering any proof or evidence that what they were saying was true.

I’ve got an experiment for you. Go up to your friends – normal people, not anyone who works in marketing – and ask them to look back at their most recent 100 actions on Facebook and Twitter. What percentage will be engagements with brands? It will not be very long.

Another experiment. Go in a grocery store and ask random people if they want to ‘have a relationship’ with any of the brands in their shopping carts. They’ll probably punch you in the face for being a pervert.

Now, let’s look at what the numbers actually say. Take a second and read this data from Forrester Research. In the end, only 0.02% of Coca Cola’s users in the UK – that’s 5,500 people – will “engage” with a given Facebook post. In terms of advertising reach, that’s as effective as Kendall Jenner giving a Pepsi to a police officer in riot gear.

Too soon?

Oreo’s Super Bowl tweet is considered the ‘best’ example of social media marketing to date. Marketing professor and writer Mark Ritson ran similar numbers and found that the tweet reached less than 1% of Oreo’s target market.

The most ambitious attempt at social media marketing was the Pepsi Refresh Project in 2010. Pepsi moved millions of dollars in ad spend from TV to social media. What was the result? A loss of $350m in sales, a decrease of 5% in market share, and a fall to the #3 brand in the United States behind Diet Coke. Diet Coke.

Social media was never going to be about brands engaging with human beings. People want to talk with other people on social media, not brands. But where social media can be effective is as a communications channel over which we can execute campaigns within the promotion mix.

There will be no ‘social media jobs’ in five or 10 years. Advertisers will do advertising over social media. PR people will do media relations and community relations over social media. Customer support people will do customer service over social media. Just like we can do any of these activities over email, the telephone, or TV – and no one ever used the phrase ‘TV marketing’. Social media is just a new set of mediums over which we can do the same old marketing activities.

But in the end it will come down to this. There are 2bn people on social media. What do you think they want marketers to do? To leave them the hell alone. Why do you think so-called ‘dark social media’ is becoming so popular in a world in which adblocking might lead to the death of adtech and martech?

And now for the final lie of the day: ‘television is dead’.

For the past 15 years, we’ve heard predictions that TV will die. A lot of random numbers get thrown around, but what does the real information actually say? Here is some data from my most recent column on The Drum.

For all 18+ adults, people spend the roughly two-thirds of their media use each day on live television and AM/FM radio. Despite the rise of social media networks and streaming television over the past 10 years, the amount of TV viewed on a television set each day has declined in the past decade by a whopping four minutes.

84% of all TV viewing is done live. For every hour of streaming TV that people watch, they watch more than five hours of live TV. Only 15% of households have streaming-only television. 70% of people have cable or satellite TV, and those of them who use streaming options do so as a supplement and not as a replacement.

Now, from advertising to content marketing to social media to TV, why do we make so many bad assumptions and believe so many wrong facts? Simple: we have believed the bullshit that companies selling software and experts with agendas have told us over the past 15 years.

To quote Ad Contrarian Bob Hoffman, “nobody ever got famous predicting that things would pretty much stay the same.” The best way to get attention is to say that everything has changed – and, conveniently, that you have the best solution in response.

Of course, it’s a lie most of the time – marketing communications does not really change that much. A company that sells inbound marketing software is going to tell the world that outbound marketing is dead. A company that sells content marketing courses and tickets to Content Marketing World is going to say that content marketing ‘is the only marketing left’.

So what happens is that these companies put out studies and give conference presentations that always proclaim that something or other has changed – and we believe them even though they rarely offer proof or evidence and are always certainly biased. The studies are almost never scientifically credible when you look at the methodology.

And all of this causes us to have tunnel vision and work in an echo chamber where all of these falsehoods are repeated over and over again. It leads to a ‘false consensus effect‘ throughout our entire industry. It’s why marketers, who should be the most cynical people on the planet after journalists, are surprisingly susceptible to bullshit.

And it leads us to becoming bad marketers because we create bad strategies based on bad assumptions.

Here’s one. We talk about social media all the time. There are entire conferences devoted to it. We’re all probably on social media constantly – and people in this room are probably tweeting comments about our presentations as we are talking. And we assume that everyone uses social media as much as we do.

But here’s a secret: we marketers are not normal people. According to Thinkbox in the UK, 93% of marketers have used LinkedIn in the past three months. Among all other people, it’s 14%. 81% marketers have used Twitter. Among others, 22%. My favorite statistic: 47% of marketers read BuzzFeed, but only 5% of normal people do. We are not the audience for most of our products and services, but our choices of media mixes all-too-often imply that we are.

So, what does this mean? Should we forget about social media? Should we focus on TV and think more about advertising?

Well, the answer may surprise you: yes and no. Anyone who recommends that a certain marketing tactic or medium is always the best is also selling something.

The truth is that the internet did not change that much in terms of marketing communications. What has changed is that we have an additional set of channels that we can choose to use in our campaigns and that those channels allow for different marketing collateral formats.

It all comes back to the marketing promotion mix. Marketing communications always has been and always will be the creation and transmission of marketing collateral across channels within specific frameworks. In 2017, we have the choice of mediums ranging from TV and print to social media, blogs and ad networks to, probably soon, virtual and augmented reality.

But here is the key: we need to be realistic about the strengths and weaknesses of different channels. We need to segment and research our target audiences to determine which channels are truly the best ones to use. What mediums are our target audiences actually using? We cannot rely on the alleged wisdom of companies with something to sell and experts with agendas.

Sometimes TV is a good medium for a specific purpose; sometimes not. Sometimes social media is a good medium; sometimes not. Usually, we need to include online and offline activities in our promotion mixes to achieve the best results. Being digital-only is often a mistake, especially when so much of the data is completely wrong and a lot of money is lost to online advertising fraud.

We need to be strategic and channel-neutral in a world of integrated online and offline marketing. There is no ‘offline marketing’ and ‘digital marketing’. There is only marketing.

For those who are interested, here are links to my columns in The Drum and other information that goes into more detail into what I have presented here.

If anyone has any questions or comments, I’d love your feedback. I just hope that after this talk, all of you will be just a little more skeptical about what people like me tell you at conferences and in articles.

The Promotion Fix is a new, exclusive biweekly column for The Drum contributed by Samuel Scott, director of marketing and communications for AI-powered log analysis software platform Logz.io and a global keynote marketing speaker on integrated traditional and digital marketing. Follow him on Twitter and Facebook. Scott is based out of Tel Aviv, Israel.

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The Promotion Fix is a new, exclusive biweekly column for The Drum on integrated traditional and digital marketing written by former journalist and current marcom director and global marketing speaker Samuel Scott. Follow him @samueljscott.

Sourced from The Drum