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Tag Archives: social
Finding: Social CRM Vendors Don’t Walk The Talk
I first posted this on the Destination CRM blog , thanks to Josh Weinberger @kitson. Surveying the Social CRM Industry Business partner Ray Wang (focused on enterprise strategy) and myself (customer strategy) of the Altimeter Group is undergoing a major project for a client in the nascent Social CRM arena. We’re surveying the landscape to learn about a variety of vendors in the space, their capabilities and deployments. A small portion of our survey is to see who’s eating their own dog food, and truly demonstrating they understand the ’social’ aspect of social crm and living it. Companies Who Sell Social Products Should Demonstrate Credibility By Living It While critics may be quick to dismiss the mere inclusions of a blog or community to a product landing page, the message goes much deeper. Social CRM isn’t just about bolting on a new plugin to your system like a new air foil on your minivan but instead a new way of doing business. The promise of social crm says that companies are truly listening to their customers wherever they are, responding, anticipating, and making the commitment to improve products and services. Vendors that are assisting brands with this promise to the market need to demonstrate they fully understand the ramifications of social crm –not just a keyword checklist of the buzzword du jour. Criteria: How We Graded the Social CRM Vendors There are four major areas of grading, from very tactical ability to 1) Simple sharing of social content from the corporate product page 2) Surfacing a developer or business community, and a look inside of the discussions in each community, with bonus points for integration with product page. 3) Thought leadership with relevant blogs on the subject, and a gauge of their level of interaction and any twitter accounts they may have. 4) A subjective look at the overall page experience in the context of a company that’s offering a ’social experience’. Findings: Overall, Social CRM Vendors Aren’t Walking the Talk We’ve decided to make our findings public, at least for this part of our client deliverable to see how different vendors that are in the Social CRM space are walking the talk. Sharing Features on Product Page (out of 1 point) Community and Integration (out of 1 point) Thought Leadership: Blogs, Twitter (out of 1 point) Overall Social Experience (out of 1 point) Final Score (out of 4 points) Salesforce 0 0 0 .25 .25/4 Microsoft Dynamic 0 0 0 .5 .5/4 SAP CRM .5 0 0 0 .5/4 Jive (Community Platform) 0 0 .5 .5 1.0/4 Oracle/Siebel Social CRM 0 .5 .5 0 1.0/4 RightNow CRM 1 0 .5 0 1.5/4 Lithium (Community Platform)* .75 .75 .75 0 2.25/4 To pass, companies need to receive greater than a .5 in each category for a total score of 2.0 plus making Lithium the only vendor to pass. For details, see the data, and our justifications on this Google Sheet . Highlights From Study The product pages are devoid of true social interaction, and none of them actually surface discussions about how the market is even talking about them. Marketing machine Salesforce demonstrated they aren’t engaging in a social experience on their own product pages and SAP and Microsoft’s typical enterprise looking design stayed consistent with ‘boring’ social experiences. Although Oracle’s bland web experience looks like it’s designed for the media-phobes, there is links to community and thought leadership blogs. Despite the overall meager findings, there were a few social hopefuls such as Lithium (Altimeter client*) who integrated social throughout the experience followed by RightNow Technologies who demonstrated thought leadership through executive blogs. Honorable mention to Jive engaging online video that captures the spirit of the Social CRM movement. We know that soon every webpage will be social, even if you don’t choose for it to be , so companies should enable features that allow websites to have conversations. Social CRM vendors that want to demonstrate to the market they are experts at this space should gear up to demonstrate they’ve the ability to do as they preach –as for now, it doesn’t show. *Altimeter Client. At the Altimeter Group we practice open leadership (also the topic of Charlene’s upcoming book) and disclose our relationships with clients, given their permission. We hope you will trust us more if we do. Continue reading
Posted in Social Media
Tagged altimeter-group, client, crm, data, industry, market, media, microsoft, relationships, sap, social, Social Media, study, survey, walking
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When Real Time Is *Not* Fast Enough: The Intention Web
Things started slow I remember when people would go to conferences, take notes, then share them a few hours or days later. Then in 2005-2006 I noticed people started to live blog sessions, anxious readers would refresh as the page was updated in real time –sometimes with photos. Fast forward to Dec 2006, Twitter emerges to the early adopters and people begin to share in real-time. Plurk, Jaiku, and then Facebook status updates emerge, followed by the enterprise vendors like SocialText, it’s not just a product, status updates are now a feature. [The Intention Web: A Published, Anticipated Goal.] When Real Time Is Not Fast Enough: The Intention Web I’ll be presenting at Europe’s largest tech conference, LeWeb next week. My topic? When Real-Time Isn’t Fast Enough: The Future Of the Web . In particular, with event planning features, like Facebook events, upcoming.org, we’re starting to see people make explicity public remarks on what they want to do, when, and with who. Welcome plancast.com a startup by Mark Hendrickson formerly of Techcrunch who created this simple website that allows people to broadcast what they plan to do next using Twitter or Facebook. Web Strategy Matrix: Asynchronous Web, Real-Time Web, and Intention Web What It is, and Examples Opportunities Risks Asynchronous Web Information exchanging between multiple sets of time. People publish, someone else reads later. Examples: News sites, press releases, websites without social features. Information with longer term shelf life can be archived and consumed. Much of today’s information is related to real time events, people want to share their thoughts and experiences, this is quickly getting outdated as social features empower real time conversations appear, regardless. Real Time Web Information published as it happens, often, content is consumed in real time, with the reader also broadcasting back, resulting in synchronous communication. Examples: Twitter, Jaiku, Facebook Status updates. Consumers can give instant feedback about their needs. Companies can respond to the immediate needs of customers. Excessive noise from everyone publishing their status. Companies unable to sort through noise, prioritize, and react. This problem to compound over time. Intention Web Information that provides explicit predictions of who will do what next, although it’s not happened yet. Examples: Upcoming.org, Facebook events, Plancast. People can connect to each other, improving experience. Businesses can provide a more contextualized experience for customers or prospects using Social CRM Explicit intentions may not be true, the future is always uncertain. Companies can barely keep up with real time web –let alone predict the future. Intention Web Provides People and Companies Opportunities Some may call this the, anticipation web, intention web, or forward looking web, but regardless of the name, there are some unique opportunities: 1) People can now use their social relationships that have similar goals or events on their cal and improve their experience. 2) They can also identify who in their social circles are most likely going where, increasing their knowledge of top events. 3) This provides businesses with the ability to listen to provide highly contextualized offerings and experiences for those explicitly stating their intents. Expect Social CRM to be in the foreground mining, organizing, and making this data actionable. Yet Barriers Will Challenge Consumers and Companies Yet the intent based web is also fraught with challenges for both people and companies. 1) Status updates are still getting traction. Twitter has the media hype, but not yet the mainstream adoption, so you can’t expect the social behaviors of everyone to broadcast their future intents. 2) For those that do broadcast their intent, should be concerned about privacy and personal security. 3) The future is always uncertain, a great degree of intention data will be inaccurate. 4) Most companies can’t even keep up with the asynchronous web, let alone the real-time web, and certainly not the intent based web. Above : Plancast allows me to broadcast my goals which include, what, where, and when. Above : My goals can now be published to Twitter, Facebook, or to my friends on Plancast. Intention Web Will Provide Consumers With Contextualized Experiences Expect the real-time web to quickly evolve into the intention web. People will work together to share their information about what they plan to do, and improve how they work or organize. Expect Social CRM systems (Salesforce, SAP), Brand Monitoring vendors (Radian6, Visible Technologies), and Search Engines (Bing and Google) to quickly try to make predictive models on what could happen, and what are the chances. Businesses that have a physical location like retail, events, or packaged goods can use this data to anticipate consumer demand. They may offer contextualized marketing, or increase or decrease inventory or store hours to accommodate. Don’t be surprised in the future and you walk into a store with your preferred items, meal, or drink already nicely packaged for you. Continue reading
Posted in Social Media
Tagged companies, data, enterprise, europe, facebook, flickr, future, intent, intention web, knowledge, media, reader, sap, social, Social Media
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Guest Post: Site Updates
Jeremiah: The Web Strategy Blog isn’t just about me, but the overall community. One of the key members of the team is Mitch Canter, my web designer, and the guy who keeps my blog and all the features up and running. I aim to implement many of the social technologies that I cover. It helps me to learn, stay current, and understand the limitations and benefits of the tools, which I pass on to you and my clients. The following is a guest post from Mitch of StudioNashVegas , about a few updates (based on your feedback) we’ve made this past week : Mitch: Hey everyone, it’s your friendly neighborhood WordPress guy Mitch Canter again! I’ve been doing some work to Jeremiah’s site in the last few days, so if you’ve seen any strange goings-on, that’s what it was. Just to give you a quick update: I’ve updated Jeremiah’s commenting system to DISQUS. There were a number of different options I could have chosen from, but I use DISQUS on my own personal site, and have had zero problems with it. The goal is to make commenting more interactive and more conversation-like (which is what Jeremiah’s blog is all about, anyway). Now, you can reply to specific comments and see the progression. This will also separate comments, trackbacks, and social media reactions for easy viewing. The “People on the Move” graphic is getting got an overhaul. Something that goes a little more with the site, and yet sticks out for quick scanning in long content blocks. The static pages have been updated – Jeremiah’s doing a lot of new stuff, so we have to find a nice home for it on his blog. The pages Speaking and Media have been added in the navigation at the top of the page. Check them out – he’s got lots of great stuff to share! Other smaller CSS / design fixes have been implemented to tighten up the design and make it look as nice as it can (the biggest one being the increased font size). So, at any rate, I hope you like the changes and the new commenting system (leave your comments on it below and revel in the irony!). As always any feedback is appreciated. You can send it directly to me at mitch@studionashvegas.com – I will hopefully get back to you as soon as I can! Continue reading
Posted in Social Media
Tagged clients, css, design, increased, jeremiah, limitations, progression, social, Social Media, tools
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Quicktake: Extend LinkedIn’s Community To Your Website
I was briefed as an analyst by Adam Nash , LinkedIn’s Vice President, Search & Platform Products to learn about today’s announcement around opening their network as a platform. Announcement: Access LinkedIn Data From Other Locations Using The LinkedIn Platform Starting today, developers worldwide can integrate LinkedIn into their business applications and Web sites . They’ve announced that OAuth os now available at Developer.linkedin.com . Like Facebook Connect, this means that any website or any web application can allow users to login from their LinkedIn account on a third party site, and even publish information back to their LinkedIn profile and network from that third party site. What It Means To Business: Connect the Affluent, Educated, and Active Community To Your Site The stats are obvious, they have a network of 52mm (a sixth of the size of Facebook’s 300mm+) engaged individuals that represent decision makers and those that aspire to be upwardly mobile in their career, view the stats page to learn more. In fact, over 51% earn more than $100k+ a year, and 23% earn more than $150K+ annually. Over 77% of community members have a college degree, making this an educated bunch, yet It’s not just about quality of community, their is an apparent degree of site activity, LinkedIn’s site rivals that of Forbes, and even the WSJ.com, according to Compete . Your Business Applications And Website Should Never Be “Alone” If your company is in B2B or trying to reach business professionals, chances are you have an application for them to use. Now, as you launch them, you can quickly integrate with the LinkedIn platform, this way personal data is already populated. This also goes for your corporate website, provide your users the ability to see which one of their LinkedIn contacts has been there, and encourage them to interact with your site and trigger messages back to their LinkedIn news page –fostering word of mouth. LinkedIn Data To Be Pervasive CIOs must wake up and realize the value of social networks, even last week, LinkedIn announced a partnership with Microsoft Oulook , extending it’s profile information to legacy email systems. Data will get pre-populated, meaning your contacts can be viewable within the context of your existing emails, empowering you to know more about who you’re meeting even though you’ve never met. We should expect in the future that existing Intranet networks will connect their LDAP to the LinkedIn profile. And yes, if you haven’t noticed yet, the speed on innovation on the social web is increasing at a rapid pace, things are happening faster than ever. To get a good sense of the evolution of LinkedIn, I’ve created this matrix which shows it’s evolution and some predictions of where things are to head. Web Strategy Matrix: Evolution of LinkedIn LinkedIn Evolution Example Status Destination Social Network LinkedIn is a destination social network, users to there, login and only communicate within the confines of the domain. Since it’s inception in 2003, this is how it’s been. Application Platform Allows third parties to build applications that sit on the LI domain and interact much like Facebook’s Platform In Oct 2008 , A small hand-selected group of companies like Box were allowed to do this, it’s not currently rolled out to others. Portable Data Third party websites can allow users to login using LinkedIn identity, see which friends are also present, then spread information back to LinkedIn.com. This is today’s announcement, Nov 2009 Personalized Experiences on Third Party Sites Third party websites can provide personalized content to first time users by recognizing their LinkedIn profile. Prediction: Mid 2010 Social CRM LinkedIn partners with SalesForce, SAP, Oracle, Microsoft, to allow data in LinkedIn to quickly be exported to CRM systems. As customers have queries or support issues, the CRM systems will trigger notifications to brand managers. Prediction: Late 2010 Augmented Reality Using mobile devices, users can quickly hold a device up a cell phone in front of a peer to see their LinkedIn data –without even having a conversation. Prediction: 2011 Continue reading
Posted in Social Media
Tagged evolution, facebook, linked, network, oracle, other-locations, platform, president, search, social, Social Media, social-network, strategy-matrix
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Social Impacts Every Customer Touchpoint
Forbes CMO Network, An Insightful Resource For Marketing Leaders I’m serving CMOs by teaming up with the Forbes as a regular contributor . My goal? To guide marketing leadership on how to leverage disruptive technologies and meet business goals. At a more detailed level, this blog will continue to aim at providing nitty-gritty breakdowns, frameworks, and insights. Use these two resources in tandem to both develop strategies, and then implement best practices across the organization. [Companies Must Develop A Holistic Strategy, As Social Technologies Impact Every Customer Touchpoint] Social Technologies are a Horizontal –Not A Vertical Approach It continues to amaze the market that such simple social technologies can impact the entire organization. In fact, social technologies, at the core, allow people to connect to each other without a middle person in the way. As a result, expect social technologies to impact every employee and customer touchpoint. CMOs must prepare in their 2010 planning how to leverage social, not as a skunkworks but as a strategic shift in all communications. Three Resources to Use: Use the Forbes CMO article as fodder for your marketing leadership, here’s the article “CMOs: Consumers Are Connected. You Need To Be, Too” . Below, use the detailed matrix (and the links within them) for the strategists who need to plan out the actual programs. Leave a comment with other suggestions, and benefit from working with the very savvy Web Strategy community, who I learn from every single day (thank you). Web Strategy Matrix: Social Technologies Impact Every Customer Touchpoint Medium Description and Examples Market Maturity Impacts To Brands Digital Advertising Facebook launched “Social Ads” that allow advertisements to appear based on your profile information and friends. Infantile As profiles become portable (like Facebook or Google connect) people can share their personal info for contextual experiences, expect advertising to improve CTRs as social data is added. See how an interactive ad benefitted from my Facebook data . Search Marketing (Paid and SEO) For years, bloggers heavy linking and frequent content have scored high on SERP pages. Recently, Google and Microsoft partnered with Twitter, to offer “Social Search” which means users could received customized SERP based on their friends behaviors and preferences. Pre-Teen Social search will impact a prospects search results are impacted by their friends, this complicates the traditional search marketing strategy of simple keyword placement. Conversational marketing becomes a key factor in search strategy. Learn more about Social Search . Email Marketing Many email vendors like Responsys, ExactTarget, Constant Contact and Zeta Interactive provide simple ways to “share this” email with their friends on social networks. More advanced vendors are offering advanced monitoring, and innovative companies like Flowtown are using email addresses to identify a prospects social networks Infantile Email marketers can no longer be in broadcast mode, but must be prepared for emails to be shared with each other. Furthermore, they should seek how to influence content on the newsfeed in social networks like Facebook and LinkedIn. Learn how email and social networks are interlaced . Web Campaigns/Microsites Traditional microsites now have social components from simple “Share this” features to viral videos and community dialog. On the extreme side, Skittles allowed the whole site to be taken over by consumers. Adult A marketing campaign today without social elements is asking to be ignored. To benefit from word of mouth, marketers know spurring a conversation will cause the campaign to spread. Corporate Site Corporate sites are integrating social features, From Community Platforms like Mzinga, Awareness, Pluck, Kickapps, Liveworld (client) they encourage customers to talk back. Young Adult Even if companies don’t want their website to be social, they can’t stop it. Google’s “SideWiki” product allows any webpage to be social using a browser plugin. Mobile, Location Based Location based social networks are quickly emerging among early adopters. Foursquare, Gowalla, and even Twitter are allowing people to share their location, time, and social context. Infantile Advertising and special offers becomes more targeted as brands can triangulate contextual information for consumers –but only if they desire to see it. Sales Efforts Ok, this isn’t a medium, nor the two listed below, but it impacts the scope of the CMO. Most marketers provide sales enablement resources, now these sales folks are armed with LinkedIn, Facebook, Twitter. In fact, many sales folks have had their digital rolodex in LinkedIn for years. Young Adult For savvy marketers, providing social marketing skill training to sales folks will provide them with best practices, and teach them to do more quicker. Those that do nothing run the risk of PR nightmares and even legal problems for the untrained department. Learn about social media policies . Support Efforts What happens in customer support now echos on the social web, from Dooce’s flare up with Maytag to Domino’s Employees snotting on Youtube. Furthermore, customers self-support each other in forums, Facebook, and GetSatisfaction. Adult Marketers must provide a holistic experience to customers, as they don’t care what department you’re in. Read more about Social Support . Product Development A handful of savvy companies like Dell, Starbucks, and Nokia are using social tools to improve the innovation process using tools from Salesforce ideas, Uservoice, or Getsatisfaction Infantile Customers want to innovate with brand, use these free resources to improve brand messaging, test new features, and to develop an army of advocates. Learn how some companies have benefitted from co-innovation . Real World and Events Physical events are now impacted by social technologies, and even virtual events. Attendees will connect to each other, comment about the event, and discuss if even after the event has concluded. Adult Event marketers must develop a strategy to encompass both pre, during, and post event to be successful. Here’s a playbook to integrate social and events . Sharing This Content Occasionally, I get a few emails from people asking if they can use my blog posts in their presentations. Here’s my policy: You cannot package up this content and sell it without my permission. However, it is ok to use for educational purposes as long as you give me credit on the slide, mention it verbally, and link to my blog. Creative Commons defines this as: Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License. Love to hear your comments below, and how social impacts all digital channels. Continue reading
Posted in Email Marketing, Legal, Social Media
Tagged adult, events, facebook, forbes, Legal, location, microsoft, presentations, social
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Is Your Company Trusted or Do You Have a Digital Comb Over?
Many companies are entering the social/green/community space, with hopes of impressing customers, yet despite their best intentions, they could come across as unauthentic, and be damaging their own brand. Companies should first take a self-assessment of their brand to see if they’re ready before they decide to enter the social space. Companies should first assess their culture and ask: Is the company ready to talk about the good –and bad– with the market? Is the internal culture ready to embrace customers on their own terms? Is the culture ready to make changes based on the request of customers? Launching a corporate blog is easy, a Twitter account even easier, yet if companies culture doesn’t match the values they’re telling the market, they risk brand damage through reduced credibility. You’re not fooling anyone . Continue reading
Posted in Social Media
Tagged community-space, culture, culture-ready, internal, make-changes, request, should-first, social, through-reduced
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Two Approaches: Shotgun vs Laser
Companies approach social in one of two ways: The first way, companies experiment with little order or goals, the second way, companies have clear goals and intend to invest in a deeper relationship. 1) Shotgun: Toyota’s Yaris Campaign Spreads Chances While experimentation is always important, companies must do so in the context of a goal, whether it’s to test and learn, or just to prove to management it can be done. Take for example Toyota’s latest campaign, which is much akin to interactive marketing or advertising (not social engagement), where they’ve funded eight agencies to spend $15,000 only on their social marketing campaigns. The goal is to see who can make it work and stick, then they’ll spend more money with the firm that achieves ‘viral’ growth. This shotgun approach has caught the criticism of Laurel Papworth , she’s right at vegas, this is called spreading your bets on the roulette table. 2) Laser: Ford’s Fiesta Movement Amplifies a Smaller Target On the other hand, take for example the competitive car, the Ford Fiesta, which also plays the young hip efficient car for today’s youth. Ford’s approach was more focused, they put most of their eggs into reaching only 100 drivers that were social savvy influencers to get them to spread the word. This “Fiesta Movement” (NYT) was targeted at social influencers, empowered them although it’s unknown what the final impacts of the expensive loaner car program is. Web Strategy Matrix: Shotgun vs Laser Shotgun Laser Description Hiring multiple agencies to conduct social campaigns Building a deeper relationship with a core group of influencers Similar to Interactive Advertising Influencer Relations Benefits Efficient way to get started, identify hot spots to pursue. Benefit from relationships with core influencers who may spread word of mouth, and become brand evangelists. Risks Brand burnout on community, risk of appearing disingenuous Spending more resources on a smaller few reduces chances of spread. Costs Inexpensive. In this case, it was 15k X 8 agenices, for 120k. Commitment. Building long term relationships requires skills, staff, and commitment, loaning 100 economy cars at 15k each around 1.5 million plus marketing efforts. Takeaway Good for the company that doesn’t understand social marketing and is willing to test on their own customers. Good for the company that’s ready to invest time, people and money on relationships. Brands Should First Start With Understanding Customers So which way is better? First, let’s start with the most important factor, people. While padding the top line for revenues in a slumping economy continues to be important, it’s important to note that burning out your relationships with your community can cause long-term drain. Rather than test eight campaigns on a community causing ‘brand overload’, first do the research to find out the social behaviors (we call this SocialGraphics), identify who they trust online, and where they are located at online before doing anything. By first starting with data, you can reduce eight campaigns to two, or maybe one, and avoid burning out your brand –and community. So what does this means to Toyota and Ford? Toyota’s social efforts come across as young, they’re not sure what they’re doing so they’re hoping to see which (interactive+advertising) agency will figure it out for them. On the other hand, Ford comes across as slightly more mature as having true influencer relationships (Similar to PR Influence Relations) and spend the time to build these real-world relationships. Continue reading