Social Media ROI — Not just for the big companies
Aug 2nd
I don’t think I’ve ever given a speech, conducted a workshop, or taught a class where the “social media and ROI” question has not come up.
So it was not entirely surprising when many of the suggestions to the Social Habit Research Project focused on measuring the value and relevance of social media marketing. Last week, you’ll recall Edison Research announced a major initiative to distill the statistical truth behind social media trends and announced an invitation for anybody to submit a question to a national research project.
The three winners were announced yesterday by Edison and “measurement” was a distinct theme.
Rhonda Hurwitz‘s winning entry is a great example of the need that businesses of every size have to explore this topic. Rhonda has been a long-time {grow} community member and is an independent consultant helping companies leverage inbound marketing principles. Her question was,
For me, it always comes down to figuring out how to connect social media usage or activity to revenue. I would ask “have you ever bought a product or service due to a social media interaction” … “have you ever recommended a product or service to others via social media?”
For Rhonda, the standard “guru” answers just aren’t good enough any more. “One social media thought leader says that when someone questions social media ROI, a unicorn dies,” she said. “Another says, ‘what’s the ROI of your mother?’ Well, I love those quips, and I am a true believer … after all, the majority of my own business comes from social media … but in business, I need a better answer.”
“The perfect way to connect the dots doesn’t seem to exist yet … for the little guy, anyway,” she said. “But I keep looking. That’s why The Social Habit caught my eye. To me, the next stage in our profession has got to be finding a better way to use all the data we have at our disposal to prove value. In my world, that is revenue and topline sales growth.”
I think Rhonda’s views reflect a lot of our frustrations. I’ve expressed some pretty strong views on the topic of social media measurement and I am really psyched that through this study, we are going to have a lot more actionable results, statistically-valid data, and meaningful insight to work with.
Get your business on board NOW!
The best thing about this project is that companies of ANY SIZE can gain access to game-changing social media research and I hope you’ll jump on board, too. Becoming a Social Habit member provides access to exclusive quarterly research reports that include:
- A demographically weighted/balanced online survey of 3,000 US social media users, 12+
- Approximately 100 pages of proprietary information about the state of social media
- More than 50 easy-to-use, impactful charts and graphs
- Valid, statistically significant answers to the most pressing social media questions
- White paper summary, including actionable recommendations and insights for companies
You can get all of this for just $297. In the immortal words of John McEnroe, “Are you kidding me?” That is an incredible bargain that every business — any person — can afford. Find out more here!
There are other packages available that include exclusive events and consulting opportunities with myself, Tom Webster, Jason Falls and Jay Baer. Probably the most valuable and distinct offer from this new venture is the ability to leverage the powerful capabilities of Edison Research to create CUSTOM questions for your business — for under $2,000!
I hope you’ll help support this research and become involved in our movement to find social media truth. From time to time we’ll ask for your input and maybe next time your question will help make social media research history.
Disclosure: I am an adviser on The Social Habit Project.
What NBC’S Olympic Coverage Teaches About Content Marketing
Aug 1st
By Stanford Smith, {grow} Contributing Columnist
Addiction to the Olympics is a family tradition. The television in my bedroom is tuned to NBC 24-hours a day. Changing the channel for the next few weeks is punished with immediate “pooper-scooper” duty.
We revere the U.S. Olympic team, and my wife and I never miss an opportunity to use an athlete’s story to teach our kids a lesson about courage and excellence. But, last night, I privately added another set of heroes to my pantheon of Olympic greats -
The Sports Commentators.
I haven’t lost it. Stick with me.
The Sports Commentators are often forgotten because their voices are ubiquitous. We take their services for granted because we are stuck with them. But when it comes to the Olympics, NBC’s work is invaluable for viewers and instructive to people who use content marketing to attract and retain customers.
Look and listen closely and you can distill four criteria for creating compelling content. Here’s what I discovered:
Technical Expertise is a Must
The U.S. Women Gymnastics team had trouble with their floor routines on Sunday night. At least two gymnasts stepped out of bounds after a tumbling pass. During their routines, the commentators showed us what went wrong. They told the viewers about over-rotation, extra springy floors, and one-tenth scoring deductions for every step taken out of bounds. In minutes, millions of viewers became armchair coaches and used their new knowledge to inspect and encourage our athletes.
As a content creator you need a similar grasp of your subject’s technical details. Mastery of the technical details allows you to educate and persuade with credibility. Reinforcing your content with concise details also empowers your reader to share your insights and advocate on your behalf – the key benefit of social media.
Goal-Sharing Storytelling
Olympians have one goal, winning a gold medal. The commentators make sure we are focused on that goal too. They tell us why winning a gold medal is important for Ryan Lochte. They explain how the medal will change Ryan’s life by finally moving out of Michael Phelps’s long shadow. They also share the impact another gold will have on the United States’ medal count – connecting the viewers with the athlete’s drive for the ultimate prize.
The best social content shows how the writer’s goals are aligned with the reader’s objectives. The content quickly establishes that the business or organization is on the reader’s team and will do all it can to help them achieve their objectives. This is the essence of building rapport and laying the foundation for a relationship with the reader.
Authentic Drama
I often forget the incredible sacrifices families make to send their children to the Olympics. Last night, I fought down the lump in my throat as I learned how Gabrielle “Gabby” Douglas’s mother struggled to finance her daughter’s Olympic dreams. My wife and I immediately took stock of the price we would pay to send our three boys to the Olympics. In that moment, we went from spectator to fan. Thank you NBC.
Your readers want to know what skin you have in the game. They want to know the challenges you overcame to deliver a stellar product. I often tell my blog review clients that “The more you share, the more they care”, having the courage to be transparent about what is personally at stake demonstrates authenticity. This is how you turn readers into advocates and evangelists.
The Villain
The shouting from my bedroom almost prompted my 10-year old to rehearse his 911 calling skills. On the TV, my wife and I were shouting our fool-heads off encouraging the U.S. Men’s Swim team to “DIG DEEP” and beat the French Swim team. This would have been just another race if NBC hadn’t raised the ante by painting an intimidating picture of the villain – the dominant French team. The commentators reminded us that we narrowly beat the French in the 2008 Beijing Games during the same event. The French wanted payback and were determined to snatch the gold from our cold, dejected, fingers.
By now, you know we lost that race. But I was reminded of why having a villain is so important. Business content marketers must convince their readers to buy from them and ignore the competition. The villain helps the business clearly articulate why their service is better, faster, or cheaper. I’m not telling you to obsessively focus on your competition rather understand that your reader has to make a choice, help them by explaining how your product excels.
The Olympics are on tonight. Can’t wait to hear about the lessons you’ve learned. Make sure you tell us about them below.
Contributing Columnist Stanford Smith obsesses about how to get passionate people’s blogs noticed and promoted at Pushing Social, except when he’s chasing large mouth bass!
Is there anything new in blogging? No.
Jul 31st
I walked away from the recent Blog World and New Media Expo a bit depressed and I haven’t been able to shake it.
Running concurrently with this conference — in the same convention center space — was the National Book Expo. Here is a rough comparison of the two events:
Blog World attendance: Maybe 2,000?
Book Fair attendance: 20,000
Blog World keynote: Chris Brogan
Book Fair Keynote: Neil Young
Blog World space: In the basement of the convention center, next to the taco stand
Book Fair space: The top level (with windows!), taking up tens of thousands of square feet of display space
Blog World schwag: Free frozen ice cream treat
Book Fair Schwag: Lunch with John Grisham
Blog World Tech: No wi-fi and maybe 30 exhibitors
Book Fair tech: Interactive exhibit produced by Disney and hundreds of industry exhibitors.
Weren’t books supposed to be dying? Isn’t new media supposed to be overtaking traditional publishing?
To be fair, this is probably not comparing apples to apples and the SXSW event is probably bigger and more star-studded than any book show. But it did drive home a point for me. I didn’t see anything ( repeat: anything) new or exciting at Blog World, one of our industry’s signature events.
Now of course I could not attend every session but I attended as many as I could and even looking through the program, I could not find anything that I had not heard many times before. Like …
What is the ROI of social media? Gag me.
How do I build a blog audience? This was a new topic in 2007.
How do I monetize a blog? Just Google it and find the 14.8 million hits on this topic, Bub.
My five keys to blogging success. If you read Chris Brogan’s blog, you would know the main points of his keynote speech by heart.
I interviewed Mike Stelzner about the biggest thing in blogging and he named “podcasts,” a technology that was introduced in 2001.
Instead of being inspired, I walked away with a sinking feeling that was only made worse by the pulsating energy and glitzy production values of the book event. I understand that for those who are trying to set out as a blogger for the first time, these are really important sessions to attend. But as somebody who has been around for awhile, I’m trying to distill some meaningful trend from this conference and I’m just not grasping it.
Is there ANYTHING new to be excited about in blogging? I’m not talking about a tweak to a commenting platform, a new way to schedule tweets, or a WordPress plug-in. What is going to change the game in blogging? What is going to take us to the next level? What IS the next level? What will replace blogging as a means to provide rich content and ideas to our audiences?
If we stagnate, we die. What’s next?
Community note: This post prompted a follow-up dissenting article by Mitch Joel and a subsequent podcast on the future of blogging where we debated this topic. This debate is not to be missed!
The Social Media Minefield: Five factors blocking your success
Jul 29th
When I work with clients on marketing strategies, we spend a lot of time working through the hurdles to implementation success, particularly if it is a large, bureacratic company.
Part of the process is to have a brain-storming session to think through all of the factors that could cause our ideas to fail. Then, one by one, we come up with proactive countermeasures to knock out those landmines before they blow our plans to pieces.
One Fortune 500 company I have been working with has been aggressively moving its marketing team into the digital age. They reported to me that no matter where they go in the world, the same five factors come up over and over again. As I compare this to my experiences working with organizations of every size and type, I think these five factors are universal. These seem to be the same obstacles EVERYBODY is struggling with:
1) Budget and resources
“We already have a full plate. We don’t have time for something new.”
“We’ll let the intern do it.”
“This will have to wait until next year’s budgeting cycle.”
2) ROI – KPI
“Until you can demonstrate an ROI for this, the project is on hold.”
“Social media is fine if you can fit this into our existing measurement dashboard.”
“We need to make social media a profit center that pulls its own weight.”
3) IT – Tech support
“Shouldn’t the IT department own social media strategy?”
“We’re too busy figuring out cloud computing to help with your Facebook app.”
“The IT department budget is fixed on project work like infrastructure.”
4) Legal and regulatory
“Federal guidelines prohibit us from having a social media presence.”
“The Legal Department will have to approve everything we publish each day.”
“The legal risk of responding to consumers is far too great. Say nothing.”
5) Culture and change management
“Facebook is for kids. This is not something for our company.”
“I tried Twitter and I hated it. Nobody on the board uses it either so our company doesn’t need it.”
“Our company is very successful with what we have been doing for years. If it isn’t broken, why fix it?”
Sound familiar?
Of these, “Culture” is the most pervasive challenge. It’s sort of an umbrella problem for all of these issues because even if you fix the others, if the company culture doesn’t align with the requirements of being a “social organization,” you will never create sustainable change.
As you create marketing plans for your own business — or if your current efforts are stagnating — maybe it’s time to step back and look at your own “landmines” that are keeping you from your goals. Focusing on removing the internal roadblocks will give you the only chance of long-term marketing success.
This takes time and patience, but if you don’t do this hard work upfront, even the most brilliant plan is destined for a slow, painful failure.
How does this resonate with you? How are you dealing with your Social Media Minefield?










You’re in marketing for one reason: Grow.
Grow your company, reputation, customers, impact, profits. Grow yourself. This is a community that will help. It will stretch your mind, connect you to fascinating people, and provide some fun along the way. I am so glad you’re here.
-Mark Schaefer

