Incite Group is now Reuters Events - LEARN MORE
By Nick Johnson - March 20th, 2013
in this week's roundup of corporate social media news, we look into Facebook's new targeting functionality, review the science of sharing, and look at how TV drives word of mouth
Don't ingore traditional marketing - integrate it with social campaigns
It has become an increasing challenge for marketers - ensuring their social marketinng efforts are tightly integrated with other marketing channels.
And now Data2Decisions and Thinkbox are adding to the pressure. Their new research has found that a huge 51% of brand 'word of mouth' is driven by TV advertising.
Perhaps more worrying for those putting significant budget into social engagement to amplify that word of mouth, an enormous 90% of 'brand conversations' are found to occur offline.
One could read that data in one of two ways
1) We're wasting an awful lot of money on social to amplify a conversation that simply doesn't happen on social networks
2) There's an awful lot of potential - currently only 10% of conversations about brands are happening online - let's push that figure higher through better social execution
Katherine Munford, Director of Data2Decisions, has her own opinion:
"Owned and earned online platforms amplify the effects of paid media by providing hubs for conversation - but delivering a long term impact is best achieved via paid media - with the audio-visual power of TV being especially powerful"
From our point of view, we lean toward the second reading - and point out that there is still an awfully long way to go before brands can be confident that they're integrating social as well as they should be with existing marketing channels. Current TV ads' only real concession to drive to social sites is hashtags whacked up at the end of a 30-second spot, and requests to visit Facebook pages. Is it enough?
Let us know what you think in the comments.
Get in touch with similar people to your current customers on Facebook
Facebok are about to launch 'Lookalike Audiences' - their technology to allow brands to target people who have similar characteristics to their current customer-base.
You can already hit your existing customers on Facebook through their 'Custom Audiences' tool - and 'Lookalike Audiences' lets you go further.
Facebook's official blog post on the subject highlights that this new targetting functionality is already working for several big brands like Fab.com - cutting down cost per checkout and acquisition costs, and improving ROI.
You can find out more about this at the AllFacebook story here.
Ever wondered why there's no 'Dislike' button?
According to a new article in the New York Times, good news sells - running contrary to the received wisdom in most media organisations.
Dr Jonah Berger, a social psychologist at the University of Pennsylvania has been looking into how stories spread over digital platforms - like email and social networks.
Perhaps explaining the rampant rise of Buzzfeed, readers tended to share articles that were 'exciting or funny' - to the point that the more positive the article was, the more likely it was to be shared.
Other research from the University of Michigan suggests that people are more inclined to share things they feel will benefit their network, rather than things they themselves find interesting.
Over at the Huffington Post, Bianca Bosker looks at the findings through the lens of social media and suggests that "Social networks are engineered to lubricate sharing the happy stuff". Like buttons and their ilk are there to help people praise each other, show respect and approval.
For those of you struggling to create content that spreads, and engages, it's worth taking these findings into account.
About 50% of what you know about customers is wrong
Dispiriting news this week, according to a new survey from Enliken.
Quick word of warning - only 116 people were actually surveyed, but the answers still make for some interesting reading - though I wouldn't neccessarily scrap your current marketing strategy quite yet.
Some of the major findings:
- 37% of the data you buy about customer preferences and interests is wrong, and an additional 13% is uncertain
- Don't buy data from Yahoo: A massive 48% of their data is apparently inaccurate
- Google is your best bet: 68% of their data is accurate, with 'only' 20% inaccurate
Take a look at the findings yourself here.
June 2014, New York
Become a social business: For superior marketing response, sharper corporate decision-making, enhanced innovation and a happier, more loyal customerBrochure Programme