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From time to time, we get the question “what’s the risk of not having a social media monitoring tool?” The question reveals a perception that “social media is just an add-on to other media outlets”. It’s not. Social media has a different set of rules and is reshaping entire markets.
With social media, people are engaging and interacting around context, not necessarily personal relationships. Whereas we used to connect around place (neighborhood, community, schools, associations, etc.) we now link to online personas that share our intellectual interest and emotions. For many, traditional media is no longer the main source of information. Increasingly people turn to social media looking for “someone just like like me” and consequently, many blogs and forums discussions are more important in shaping opinions and perceptions than traditional media outlets.
Likewise, PR and marketing campaigns are no longer about one-to-many communication by distributing press releases and pushing “call to action”. Via social media monitoring tools, companies connect and interact with people that have expressed interest in a particular topic.
Still, the strategy of reaching out to people of influence has not changed. PR and marketing efforts still try to connect with “trust agents” that are likely to pass on a particular message to their networks. In effect, successful campaign management is engaged in one-to-one-to-many communications. The PR or marketing message gets forwarded from one-to-one-to-many if it connects with the interests of the person receiving it, AND if it provides value to his/her network.
The main challenge for companies using social media is therefore the blurring between marketing and communication. Marketers want to use it to sell, communicators to build relationships. Of course, social media is very much about being a real member of a community and providing value, rather than just chasing the next sale. That increases the number of people a company has to deal with, requiring more time and investment in building relationships.
The effect of social media monitoring and interaction will have a profound effect on the PR and marketing industry as we know it. PR and marketing efforts is increasingly about connecting with real people and because everyone is involved in a network, it’s not just up to the people working in the PR and marketing departments. A well thought out strategy will leverage the connections of the entire organization, leaving a more profound, valuable and documentable impact than any traditional campaign could ever hope for.
Want to start listening in on social media conversations? Sign up for the free trial of the Imooty social media monitoring tool today.
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Last week, Kristoffer was featured in an interview at Krawattenträger, a blog on social media marketing. Apart from talking about Imooty’s development over the past years, he was asked how Imooty uses social media for marketing purposes. The answer is that we haven’t done much of that (so far). The best ROI for our target audience has proved to be good old direct mail and followups per phone.
Many companies seem to be embarrassed admitting to this. Sure, there are many cases where there’s reason to cringe at opportunity lost by not following a social media marketing strategy, however, it also not for everyone.
First step is obviously finding out where your customers are likely to hang out. If you’re a B2B service, it probably won’t make sense to pursue MySpace users. Secondly, the effort required to convert “fans”, “contacts” or “friends” into paying customers can be considerable so there needs to be someone in charge of community management. Then, the million dollar question, what’s the social media marketing budget? It’ll definitely not be enough registering a profile here and there and wait for magic to occur…
Trying to do too much will inevitably end up with a lot of things being done poorly. Don’t try being everywhere all the time, focus on delivering content that your audience will find meaningful.
To conclude, there’s no sense in rushing into social media marketing just for the sake of it. Research whether it makes sense for your product or service, find out where your prospects are, how they interact and assess what your cost is going to be.
Already do social media marketing and want to assess your ROI? Register with Imooty.eu for a free trial today!
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