Tag Archives: #socialmedia

An End to B2B Social Media Madness

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Rapid, lemming-like adoption of social media tools by small and medium-sized B2B firms – fueled by an army of self-proclaimed social media experts – has resulted in wasted dollars, missed opportunities and heightened distrust of the marketing function in the C-suite. As if CMOs needed another cause for termination.

The past decade’s social media debacle is akin to introduction of desktop publishing in the early 1980s, when personal computers arrived in the business world. New software programs enabled companies, for the first time, to design and produce their own graphic materials in-house. Every company needed desktop publishing; corporate bean counters promoted the cost savings; anyone who learned how to use the software claimed to be a graphic designer, and the trend resulted in the most unprofessional and ineffective marketing & sales collateral every produced. Over time, even the bean counters came to understand that misapplied technology can be very costly.

The impact and potential of social media is far more significant than desktop publishing, but this also means that its range of casualties and cost of misapplication are exponentially greater. Simply, there are far too many B2B companies that are either:

–  using inappropriate social media tools,

–  not using appropriate social media tools correctly, or

–  missing opportunities to use appropriate social media tools.

At the risk of generating a firestorm of debate from social marketing gurus armed with clicks, likes, re-tweets and other forms of meaningless ROI validation, and based on the social media casualties we’ve seen or treated first-hand, the following guidelines are suggested for small and medium-sized B2B firms:

  • Focus on Your Website. This is the online mother ship of your brand. Don’t bother with social media tactics unless this tool is all that it can be. If your website has not been refreshed and updated in the last 3 years (which means more than simply sticking press releases in the “News” section), then your company is due for an overhaul.
  • Blog Correctly, or Don’t Have One. A company blog is the most effective way to leverage social media. But if you are unable or unwilling to generate meaningful content on a consistent basis (at least twice a month), or to merchandise your blog content properly (which means taking specific steps to promote the content with target audiences), then do not start a blog. If you already have a blog and you’re not meeting those goals, then shut the blog down. It’s a brand liability.
  • Forget Facebook, Twitter and Google+. These are primarily personal and B2C social media platforms, and there are few good reasons why most B2B firms should be investing any time or resources there. In terms of demographics, it’s telling that Twitter’s top 3 profiles belong to Justin Bieber, Lady GaGa and Katy Perry, but if your B2B firm needs quantitative evidence to support dropping these social media platforms, here is some recent research from Pew Research Center:

PRN_landscape_social_media_users

  • Use YouTube Selectively. YouTube can be a very effective social media channel for B2B firms. But your video products must be sophisticated, professionally produced, and no longer than 3 minutes. Resist the temptation to include sloppy, home-made productions, or hour-long webinar presentations. They reflect poorly on your brand, and few people will watch them. Ensure that you develop ways to drive consistent traffic to your YouTube channel.
  • Build Your LinkedIn Presence. LinkedIn is 3x more effective for demand generation than either Facebook or Twitter. LinkedIn has become an essential part of the business world’s due diligence process, and your company is conspicuous by its absence. Unfortunately, few companies take full advantage of LinkedIn’s social media potential. Their corporate profiles often do not contain adequate information, they do not merchandise blog-related and other relevant content, fail to connect through industry user groups, and their employees’ profiles are inconsistent and sometimes unprofessional. Most B2B companies would be well served to invest 100% of their social marketing effort through LinkedIn.

Very often, the root cause of dysfunction and disappointment related to the application of social media tools by B2B firms has less to do with the shortcomings of the various platforms, and more to do with the lack of a coherent and articulated marketing strategy. Chances are, if a B2B firm is spinning its wheels in the morass of social media, they’re having similar challenges with traditional marketing communication channels as well.

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Do Most CEOs Lack Social Skills?

Do CEOs need charm school, rather than business school?

According to a new study sponsored by Domo and CEO.com, CEOs at Fortune 500 companies are participating in social media channels significantly less than the general public. The study claims that 70% of them have absolutely no presence on social media.

On the major social networks, including Facebook, Twitter and Google+, the participation of Fortune 500 CEOs was minimal, with only 7.6% on Facebook, 4% on Twitter, and less than 1% on Google+. In comparison, more than 50% of the U.S. population uses Facebook and 34% uses Twitter.   No Fortune 500 CEOs are on Pinterest.

LinkedIn is the most popular social media site among Fortune 500 CEOs, with 26% on the network, compared to just 20.15% of the U.S. general public. Of that group, ten Fortune 500 CEOs have more than 500 LinkedIn connections, while 36 CEOs have 1 LinkedIn connection or none.

Six Fortune 500 CEOs (or more likely, their PR departments) contribute to blogs, and only one of the six CEOs, John Mackey of Whole Foods, maintains his own blog.

Given the demographics of Fortune 500 CEOs, none of this news is jaw-dropping. Older, well-established corporate guys (and gals) in the business world’s stratosphere are not wired for social media.

But here are some potential take-aways from the research:

  • The propensity of C-level executives at companies of all sizes – well below the Fortune 1000 level – to invest time on social media outlets is extremely low. Top decision-makers spend most of their day dealing directly with people within their own sphere of influence. And most C-level execs still are not convinced that social media is anything more than a technology hula-hoop that will eventually run out of steam.
  • Marketers attempting to reach and influence C-level decision-makers are still best-served by leveraging the channels that are used and respected by that target audience…including traditional business media sources and professional forums; and by seeking to influence the 2nd and 3rd tier corporate executives who provide insight and guidance for  C-level decision-makers…which may involve selective use of social media tools.
  • Aspiring CEOs may still be more likely to reach the top of the corporate ladder by joining the right country club, rather than by having 500 connections on LinkedIn.

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Fighting Online Brand Sabotage 101

Brand Sabotage May Warrant Ninja Tactics

Complaint websites such as Yelp, Glassdoor and Ripoff Report – that empower actual and imaginary customers or employees to anonymously post their accurate or bogus comments online – have created new brand-related challenges and opportunities for their corporate targets.

Thanks to search engines and social media, anyone with a computer and a personal agenda can now inflict substantial, long-term damage to the reputations of institutions that may or may not be deserving of their viral sabotage. It’s become a dangerous and foreign world for CMOs, PR heads and others charged with protection of their company’s brand; especially for small and mid-sized companies lacking the sophistication or deep pockets to mount a serious defensive strategy.

At the risk of oversimplification, here are a few down & dirty street-fighter tactics that should be on the do-it-yourself checklist of every company that’s a real or potential target of brand saboteurs:

Keep Your Eyes Open – This advice appears rudimentary, but many companies don’t bother to stay on top of online content.  At the very least, all companies should use Google Alerts to keep track of what’s being said about them online. This service is free, but does not provide a comprehensive view of everything that’s being said. There are scores of sophisticated social media monitoring solutions, tailored to meet your budget and level of interest. Here’s a list of them.

Take the High Road First – If your company has made mistakes or fallen short of expectations, it’s best to man up quickly. If there’s a way to respond directly to a negative post, then admit your error, offer to make amends, and follow through on any promises you make. Negative posts are opportunities to showcase your company’s integrity and to build goodwill.

However…if it becomes clear that an employee, customer or competitor is using social media primarily to inflict brand damage, it’s appropriate to protect your company in a far more aggressive manner. The basic ninja tactics and rules involve:

Hit and Run – At the risk of being labeled a “troll” by the strange subculture of people whose hobbies include trashing companies online, it’s worth the effort for your company to fight fire with fire, by anonymously posting contrary opinion and evidence, on a selective basis, to discredit the brand saboteurs. If your defensive post is well-crafted (which means it’s not totally obvious that it was written by someone from your company), readers will conclude that the saboteur may not be correct, or at least that there is a difference of opinion.

Avoid Fistfights – If you employ anonymous hit and run tactics, never go toe-to-toe online with saboteurs by responding to their follow-up posts (where they will accuse you of being a shill for the company.) If you engage with them, your original post will lose its credibility, you’ll give them additional opportunities to trash your brand, and it will attract additional attention. If you can’t maintain your discipline, then don’t use hit and run tactics.

Call In The Cavalry – The odds are, if you’re running a successful business, that you have plenty of satisfied employees and customers. The problem is that brand terrorists are always more motivated to trash your brand than your brand ambassadors are likely to praise it. The solution is simple: swallow your pride, and ask for help from your fan base. Don’t tell them what to say, but do provide them with the specific information (or send a page link) they will need to post their positive opinions where it will have the greatest impact. Solicit at least one positive post every month, and don’t forget to thank those who take the time to help you.

Become Transparent – In a world driven by search engines, no news is longer good news; in fact, no news is a brand liability when you are the target of a brand saboteur. The most effective way to reduce and offset brand sabotage is to consistently generate online content that positions your company in a positive manner. This does not simply mean pumping out a press release every time your company introduces a product, wins an industry award, or appoints a new vice president. The content with the greatest value – both in terms of viral shelf life and marketing impact – provides insight into your firm’s intellectual capital…so that target audiences have a clear understanding of your company’s value proposition.

Pull Out the Legal Saber – If the damage caused by brand saboteurs is substantial and consistent, your company should consider legal means as a last resort. This can be expensive, but some companies have succeeded in neutering false and defamatory posts by first filing a lawsuit against the author of the post (not against the website or search engine); if successful in that suit, obtaining a court order related to the offending post; then presenting that court order to Google…which typically will honor the court order by removing the webpage with the offending post from its search index. Although this legal tactic will not remove the post from Ripoff Report, Yelp or Glassdoor, the post will no longer appear in Google search results, which is a significant damage control victory.

Many companies will continue to do little or nothing to prepare for online brand sabotage, on the assumption that it’s unlikely to ever happen to them. Like the classic Fram Oil Filter commercial, they can pay a little now, or pay a much bigger price later.  But there’s a growing list of CEOs who regret having rolled the dice with their company’s reputation at stake.

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