Why are America’s fastest-growing companies killing their blogs?
Jan 29th
Are America’s fastest-growing companies shifting away from blogging as a primary social media platform? ”Maybe” could be a conclusion based on new research examining the INC 500 from The Center for Marketing Research at the University of Massachusetts.
For the first time in the five years that this research has been conducted, the use of blogging declined. Blogging had been steadily climbing as a corporate communications tool — 19% of the INC 500 blogged in 2007, 39% in 2008, 45% in 2009, 50% in 2010 and just 37% last year.
But there is an element of mystery here. Despite the decline, blogging was considered the most “successful” social media platform for the fourth consecutive year! In addition, among those companies not blogging, 62 percent are considering adding a blog.
How can we reconcile this seemingly inconsistent data? Is corporate blogging really declining? I have a theory that would conclude “no,” but before I explain my rational, let’s look at a few more interesting trends from this study:
Facebook and LinkedIn lead the way. For the first time, the platform most utilized by the Inc. 500 is Facebook with 74% of companies using it. Virtually tied at 73% is the adoption of the professional network, LinkedIn. As you can see in the graph above, video and podcasting use declined in this period. The researchers theorized that companies are spending more time on Facebook at the expense of blogs and video.
Social media tools are seen as important for company goals. 90% of responding INC 500 executives report that social media tools are important for brand awareness and company reputation. 88% see these tools as important for generating web traffic and 81% find them important for lead generation. 73% say that social media tools are important for customer support programs.
Social media investments will rise. 25% of the respondents said they plan to keep their social media budget the same in 2012, and 71% plan to increase their investment by 20% or more. Just one company had a plan to decrease the social media marketing budget.
Monitoring the social media buzz levels off. The 2011 study shows 68% of companies are using social media monitoring tools, down from 70% in 2010, which was the highest percentage of the past 5 years. Only 24% of the companies have a formal social media policy.
Measurement is inconsistent. When asked how they measured the effectiveness of their social media efforts, executives reported using fans, followers and supporters (26%), web traffic (25%), lead generation (16%), reduced cost of customer support (10%), the value of sales generated through social media programs (7%).
The work is being handled inside. Executives were asked how social media resource needs were filled in their companies. Two-thirds of the companies reported retraining or repositioning existing employees to handle their social media efforts, 10% use external consultants or agencies, 7% have made new hires specifically for their social media efforts.
Are company blogs really declining?
If you just read the headline of this study and looked at the graph at the top of this blog post, you would be hearing a death knell for blogging. But let’s not bury blogging so fast. Let’s apply a little critical reasoning to this study …
- It is important to consider that the data presented by the university researchers is not an apples-to-apples comparison. There is a tremendous “churn” of companies on the INC list. In fact, from 2007 when the survey started to 2011, the list of companies has almost completely changed.
- The authors admit that these changes have impacted the overall statistics in “distinct ways.” Most notably, there has been an increase in companies providing Government Services (a result of “Obama administration initiatives”). The researchers state that Government Services companies are among the least likely companies to blog. So in 2011, many traditional “blogging companies” were replaced on the list by companies that are unlikely to have blogs. If the researchers surveyed the exact same sample group, blogging levels may have even gone up in 2011.
- Also notable is that more than 60 percent of the companies on the INC 500 list did not exist in 2005. It is possible that these start-ups are not moving away from blogging to Facebook as the authors surmised. I think a more likely scenario is that these young companies are STARTING with Facebook because the entry barriers are so low compared to blogging. This would reconcile the curious fact that the companies with blogs see them as successful (why would they quit?) and that most companies who are not blogging plan to do so.
- Finally, another possible cause of the strange drop is sampling error. Only 34% of the INC 500 companies responded to the survey. Within the stated sampling errors, it is possible to conclude that the 2010 data and 2011 data are nearly identical.
It’s also interesting to note that the UMass researchers also do similar studies for non-profits, universities and Fortune 500 companies. In these studies — which have a relatively stable group of comparison organizations from year to year — blogging rates are level or on the rise. Why would the INC 500 companies be so different? I don’t think they are.
Is blogging dying? We can’t tell for sure, but I would not make that conclusion from this study. What do you think? What does business blogging look like where you work?
Political oversight. A {growtoon}.
Jan 27th
Join the growtoonists each Friday for a humorous take on marketing, social media, and current business events.
Joey Strawn is a social media strategist that loves enjoying a good book and then drawing in it. Check him out on Twitter: @joey_strawn
Forget demographics. It’s all about the socialgraphics
Jan 26th
By Neicole Crepeau, Contributing {grow} Columnist
Traditionally, marketers have researched their customers’ demographics to have a clear idea of their age, gender, income, location, and other traits.
Marketers added psychographics to the mix, allowing them to take into account customer’s interests, values, and attitudes. A step up from the very general information that demographics provide, psychographics enable marketers to speak to customers in a way that resonates with them. Now, in the age of social media and behavioral ad targeting, we have to add another type of data to our arsenal: socialgraphics.
Socialgraphics capture the attitudes, characteristics, behavior, and, most important, motivations of customers online. Understanding an audience’s socialgraphics allows marketers to design internet marketing strategies that attract and retain customers in different online venues.
Socialgraphics helps move your message
The new world of digital marketing requires the kind of research that user experience teams routinely do, but marketers have not always accessed. Yet, it’s critical information for companies looking to deeply engage consumers and really motivate them to take the online actions crucial to the brand.
Demographics and pyschographics may have been enough when marketers were focused simply on online advertising — finding the right keywords to target an audience was enough.
But in the complex digital world of social media, content marketing, email, reviews, etc., marketers need to find ways to get online users to take specific actions, what I call social actions, such as sharing the organization’s content, recommending it to others, opening emails, writing reviews, etc. To motivate users to take action, you first have to understand what motivates them. That requires a much deeper level of knowledge about user’s psyches.
Levels of socialgraphics
To be most effective, marketers need to understand the socialgraphics of their audience at a minimum of two levels:
Audience segmentation. If your demographic segment is “college-educated working mothers of elementary-aged children,” you need to understand the general socialgraphics of this segment, too.
Platform segmentation. An audience segment may behave differently or have varying motivations in different online communities. For example, working mothers may look for emotional support and practical suggestions for balancing work and life in one forum, but be focused on career growth and networking with other professional mothers in another forum. It’s important to understand the user’s motivations within different communities in order to share the right content and engagement opportunities in each community.
The hunt for socialgraphic data
It is possible to find available data to leverage, but chances are, you’ll have to roll up your sleeves and dig deep and make your own observations through focus groups or simply immersing yourself in different groups and platforms to understand what is going on there. Some of the socialgraphic data to focus on are:
- Internet use data—Where do these users congregate online? What sites do they use? What online media do they consume? What times do they use different websites and media? How internet savvy are they?
- Mobile use data—Similarly, what are this segment’s mobile usage traits? Smartphone or not? What activities do they do on their phones? What times are they active?
- Goals and motivations—For different venues, what is the audience segment’s interest or goal in participating? What need does the community fill for this user? What does the user hope to gain?
- Behavior—How does this audience behave online, particularly in different venues? Do they create content or just consume it? Are they frequent sharers or posters? How do their patterns of creating, commenting, or sharing differ and what triggers the differences?
- Emotional and pyschological needs–What emotional needs does a given community fill? What emotional needs is the user filling by participating online? How does the user want to be perceived online or in different communities?
Socialgraphics as competitive advantage
At this point, it appears that few companies do the kind of research necessary to understand user’s socialgraphics. In fact, in a November 2011 McKinsey report surveying marketers, 38% of respondents said that their company had basic demographic data on each customer. But only 18% reported having psychographic data, such as interests or attitudes. It’s probably safe to conclude that even less had socialgraphic data.
In a noisy online world increasingly cluttered with content, understanding your customers this deeply may be the only way to create a point of differentiation for your brand in the long-term.
Does this make sense to you? Are you starting to think about customer online behaviors in your strategies?
Neicole Crepeau a blogger at Coherent Social Media and the creator of CurateXpress, a content curation tool. She works at Coherent Interactive on social media, website design, mobile apps, & marketing. Connect with Neicole on Twitter at @neicolec










You’re in marketing for one reason: Grow.
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-Mark Schaefer


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