Hate Advertising? Get over it.

It’s not going away – much of the internet’s revenue is from Ads
As I understand it, 85% of Google’s revenue in the past has been from online advertising. Contextual Ad sense is Advertising, sure it’s not the annoying “punch a monkey” type of advertising, but it’s still advertising. I predict Google will start to do this with video in the near future, it’s certainly not going away.

We hate shotguns
Advertising is a shotgun approach, and sadly that means that innocents are subjected to the chaff. Advertising messages are often (or should be) targeted at a specific group or demographic, when we’re subjected to advertising that’s not aimed at us, we often don’t like it or try to screen it out.

We love lasers
When Advertising is focused and hits the right target, not unlike a laser, it hits home and resonates. Advertising becomes part of our culture, and people start to talk about (that’s a conversation) from Budd-wise-er, to Got Milk. We hate advertising when its not for us, but in the rare times that it’s on the mark, it resonates with us, and becomes part of us. This can apply for text ads, mobile, ads, and most importantly, contextual ads.

Even though we don’t like it, advertising works
Advertising works. In business school, you’re taught that 11-13 impressions of a brand (often advertising) will cause the prospect to be highly likely to try or purchase the product. This is a deep rooted human, psychological, and sociological instinct that’s difficult to ignore.

The Future
Is it possible for products to be adopted by people without word-of-mouth networks? Absolutely. Is it possible for both to co-exist? Advertising online will become more targated, the advanced media buyers will shift to sponosorships, and technology will allow us to triangulate data online, and using mobile devices like never seen before. If done right, there will be more lasers than shotguns.

Online Advertising will evolve, as will word of mouth, conversations, and communities too. Let’s evolve with it.

50 Ways to use Social Media, listed by Objective

Chris Brogan, who continues to dazzle us with his thoughtful and helpful social media blog posts (I recommend subscribing to him) lists out “50 Ways Marketers Can use Social Media to Improve Their Marketing“.

In twitter, Jon Burg suggests the lists could be segmented to further help understanding, I recommenced doing this by the 5 social computing objectives we’ve found at Forrester.

I’ve taken Chris’s exact list, but have segmented it into the five objectives. This way, you’re not randomly choosing tactics without first having a goal in mind. Of course, the first thing to do is to first understand how your community uses social technologies, start by using this free social technographics profile generator.

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1) Listening: Gleaning market and customer insight and intelligence

10. Build sentiment measurements, and listen to the larger web for how people are talking about your customer.
11. Learn which bloggers might care about your customer. Learn how to measure their influence.
14. Build conversation maps for your customers using Technorati.com , Google Blogsearch, Summize, and FriendFeed.
21. Collect case studies of social media success. Tag them “socialmediacasestudy” in del.icio.us.
25. Search Summize.com for as much data as you can find in Twitter on your product, your competitors, your space.
32. Make WebsiteGrader.com your first stop for understanding the technical quality of a website.
33. Make Compete.com your next stop for understanding a site’s traffic. Then, mash it against competitors’ sites.
34. Learn how not to ask for 40 pieces of demographic data when giving something away for free. Instead, collect little bits over time. Gently.
38. Track your inbound links and when they come from blogs, be sure to comment on a few posts and build a relationship with the blogger.
39. Find a bunch of bloggers and podcasters whose work you admire, and ask them for opinions on your social media projects. See if you can give them a free sneak peek at something, or some other “you’re special” reward for their time and effort (if it’s material, ask them to disclose it).

2) Talking: Engaging in a two way discussion to get your message out (and get messages in)

2. Build blogs and teach conversational marketing and business relationship building techniques.
5. Create informational podcasts about a product’s overall space, not just the product.
8. Check out Twitter as a way to show a company’s personality. (Don’t fabricate this).
9. Couple your email newsletter content with additional website content on a blog for improved commenting.
13. Try out a short series of audio podcasts or video podcasts as content marketing and see how they draw.
19. Experiment with the value of live video like uStream.tv and Mogulus, or Qik on a cell phone.
23. Explore distribution. Can you reach more potential buyers/users/customers on social networks.
24. Don’t forget early social sites like Yahoogroups and Craigslist. They still work remarkably well.
26. Practice delivering quality content on your blogs, such that customers feel educated / equipped / informed.
28. Turn your blog into a mobile blog site with Mofuse. Free.
30. Ensure you offer the basics on your site, like an email alternative to an RSS subscription. In fact, the more ways you can spread and distribute your content, the better.
40. Learn all you can about how NOT to pitch bloggers. Excellent resource: Susan Getgood.
41. Try out shooting video interviews and video press releases and other bits of video to build more personable relationships. Don’t throw out text, but try adding video.
44. Experiment with different lengths and forms of video. Is entertaining and funny but brief better than longer but more informative? Don’t stop with one attempt. And try more than one hosting platform to test out features.

3) Energizing: Letting your customers tell your prospects on your behalf (viral, word of mouth)

1. Add social bookmark links to your most important web pages and/or blog posts to improve sharing.
3. For every video project purchased, ensure there’s an embeddable web version for improved sharing.
4. Learn how tagging and other metadata improve your ability to search and measure the spread of information.
12. Download the Social Media Press Release (pdf) and at least see what parts you want to take into your traditional press releases.
36. Help customers and prospects connect with you simply on your various networks. Consider a Lijit Wijit or other aggregator widget.
47. Spread good ideas far. Reblog them. Bookmark them. Vote them up at social sites. Be a good citizen.

4) Supporting: Getting your customers to self-support each other

6. Build community platforms around real communities of shared interest.
7. Help companies participate in existing social networks, and build relationships on their turf.
15. Experiment with Flickr and/or YouTube groups to build media for specific events. (Marvel Comics raised my impression of this with their Hulk statue Flickr group).
18. Start a community group on Facebook or Ning or MySpace or LinkedIn around the space where your customer does business. Example: what Jeremiah Owyang did for Hitachi Data Systems.
29. Learn what other free tools might work for community building, like MyBlogLog.
35. Remember that the people on social networks are all people, have likely been there a while, might know each other, and know that you’re new. Tread gently into new territories. Don’t NOT go. Just go gently.
37. Voting mechanisms like those used on Digg.com show your customers you care about which information is useful to them.

5) Embracing: Building better products and services through collaboration with clients

31. Investigate whether your product sells better by recommendation versus education, and use either wikis and widgets to help recommend, or videos and podcasts for education.
50. Use the same tools you’re trying out externally for internal uses, if that makes sense, and learn about how this technology empowers your business collaboration, too.

Strategy, Training, and Planning
While not one of the 5 objectives, many of these aren’t directly social media tactics, but they are great rules of thumb.

16. Recommend that your staff start personal blogs on their personal interests, and learn first hand what it feels like, including managing comments, wanting promotion, etc.
17. Map out an integrated project that incorporates a blog, use of commercial social networks, and a face-to-face event to build leads and drive awareness of a product.
20. Attend a conference dealing with social media like New Media Expo, BlogWorld Expo, New Marketing Summit (disclosure: I run this one with CrossTech), and dozens and dozens more. (Email Chris for a calendar).
22. Interview current social media practitioners. Look for bridges between your methods and theirs.
27. Consider the value of hiring a community manager. Could this role improve customer service? Improve customer retention? Promote through word of mouth?
42. Explore several viewpoints about social media marketing.
43. Women are adding lots of value to social media. Get to know the ones making a difference. (And check out BlogHer as an event to explore).
45. Work with practitioners and media makers to see how they can use their skills to solve your problems. Don’t be afraid to set up pilot programs, instead of diving in head first.
46. People power social media. Learn to believe in the value of people. Sounds hippie, but it’s the key.
48. Don’t be afraid to fail. Be ready to apologize. Admit when you’ve made a mistake.
49. Re-examine who in the organization might benefit from your social media efforts. Help equip them to learn from your project.

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One of Chris’s recommendations was to check out Website Grader, I found that to be very interesting, try that free service.

If this were an official Forrester report, I’d segment even further by prioritizing by usage (polling marketers), cost, effectiveness, and then deliver specific recommendations. At some point in the future, I will probably get that chance to that research.

I could double this list with additional tactics, but I think it’s enough to get started, hopefully Chris’s initial list and my mind meld should help you to improve your objective based social media strategies.

Your Corporate Homepage is Really Google.com

Google Results Is Your Real Corporate Homepage
Corporations spend a great deal of money and resources to make sure that their corporate homepage looks great. What’s a corporate homepage? It’s the pro-company, pro-brand homepage that highlights what the company does, and it’s latest product campaign or initiative. It’s the starting point in what I call the Irrelevant Corporate Website (and the community has translated this post into 10 languages).

Fortunately, this is NOT the corporate homepage, as many overlook that the Search Engine Results Page (SERP) for your brand is the actual corporate homepage. The same amount of effort should be spent to ensure that the company is shown in the right light after someone does a Google search for a brand or product.

While most companies spend money on Search Engine Marketing (SEM) and Search Engine Optimization (SEO) to make sure that their irrelevant corporate website comes to the top of the Google results (and most succeed). Some are unaware of how social media sites (blogs and twitter) can start to bubble up.

For example, take this research from Cornell University that indicates that approximately the top three results of any SERP are clicked on 75% of the time.

A Blog Rant ranked above official Corporate Page
Have you heard of “What the F*ck is wrong with Dell Technical Support” Of course, he didn’t use the asterisk. While it’s an older example, and a case study of success, let’s quickly talk about Dell. Imagine you’re a customer and you’re having issues with your company. A quick Google query for “Dell Support” at one time yielded above the fold a post by former Yahoo top blogger and former developer Jeremy Zawodny (now at Craigslist) way back in 2005.

At one time, I remember that the top three listings were 1) The official Dell Support site, 2) Jeremy’s post and 3) another Dell Support page. According to the Cornell eye tracking research, Jeremy’s post infiltrated clicks by 13% and were sure to be seen by many on the SERP. Fortunately for Dell, Jeremy’s post has moved down from the top results but is still on the first page, and ugly scar for us to all remember.

While most would rarely Google negative information about a brand when trying to seek them out, try entering your brand name plus the word “Sucks” you’ll be surprised what you’ll find. When I was at Hitachi (but at a different division) I remember how shocking it was to see this blog post “Hitachi Hell”. Now if this prominant gaming blogger had chosen to single out a specific product, it could easily have risen to the top of the search heap. Therefore do searches for all of the following for each of your product names too.

For some, Wikipedia is a starting ground
Other common search results? Wikipedia, and as you know, it also scores high in search results. When I was at Hitachi, I was surprised when I interviewed an executive to learn that he used Wikipedia as a way to make business decisions –well at least to see all the players in a particular space, he found it objective. Wikipedia isn’t a place you can put your irrelevant corporate content, although it’s far from perfect, it strives –but doesn’t always succeed — to contain objective viewpoints from the crowd. If you’re not sure how to engage Wikipedia, Charlene Li has published this report.

Impacts to recruiting
What we do online echoes for years, Google has a memory like none other, in fact this Tech CEO prowls through Google search results before hiring some candidates: “CEO Curt Finch will most likely spend some time on the Internet finding out what he can about you, including where you went to school, what your political leanings are, who your friends are, if you’ve run any marathons, and anything else he can lay his eyes on”

Summary: Don’t neglect your Google Search results for your brand, product, and name In summary, be cognizant that your homepage isn’t the website you own and manage, but actually Google Results. While you can shape that first few entries with search marketing techniques, but note that a influential blog can cause havoc or be a positive endorsement.

Ongoing list of Social Media Efforts from Banks, Credit Card, Financial Institutions and Lenders

The finance industry has a unique challenge, hindered by government regulations and often a conservative culture, they have a real challenge embracing the online conversation that’s already happening between customers.

Criteria: Although there are many finance startups and consumer review sites, this list is really about the financial institutions, large brands, and banks that are adopting social media to reach customers.

Ongoing list of Social Media in the Financial Industry

Wells Fargo
The first and greatest case study to date is of what Wells Fargo has done with their multiple blogs, starting with the Guided by History blog, Later, they launched the Student LoanDown blog, and a virtual world called Stagesoach Island Community that lets members learn and experience financial management.

H&R Block
This company has done quite a bit with blogs, virtual worlds, Facebook campaigns, and social media programs and campaigns. During tax time, there was a significant upswing of activity from Facebook applications, and they engaged in online dialog in Twitter by first monitoring keywords and directly responding to members.

Intuit
Online communities are nothing new to Intuit, this customer-focused brand let’s customers self-support each other, as well as communicate to them using blogs. Quickbooks (financial software) has extensive growth for SMBs who want to connect to each other.

Chase +1
This credit card company used Facebook to find out about what customers desired, laying the foundation for delivering a customer-focused product

Ernst & Young
This large accounting services and consulting firm is anxious to reach new hires fresh out of college, by creating a sponsored Facebook group, they have online dialogs with graduating students starting the interview process online. Smart way for each party to learn for each other.

Royal Bank of Canada
Launched this ongoing blog called the Innovator Blog, which goes back to October 2006. Link via Trevor Cook. Also, they’ve a Facebook page, (link from iljazz)

ING
Trevor Cook has more details, listing that ING has an Asia / Pacific blog, My Cup of Cha, a microfinance blog, and a Chinese blog. They’ve also created a microsite called I need to go, that has a spreadable widget.

Fidelity
Using map mashups and podcasts, Fidelity is reaching to it’s customers using new channels. (from Benjamin Ensor, Forrester)

Genworth
Springboardforum – From Genworth – you need to get an account to see it (free) “Genworth has partnered with Dow Jones, Time Inc., Bloomberg and Source Media to provide you with tools & resources that may support your business”(tip from Jay Bryant)

HSBC
This online community from HSBC Business Network is for SMB and entrepreneurs (tip from Jay Bryant)

Alberta’s Commonwealth
Online community for Alberta’s Generation Y provides a lifestyle platform for youth to self express and support called Young & Free.

Discover
This lifestyle portal provides helpful content for Discover customers, called Discover Edge, it delivers expert best practices for money management. It’s difficult to see if this has social features.

American Express
This website called OpenForum provides a dialog for customers, Chris Brogan has the details.

Capital One
This social network for small businesses, called Slingshot, allows people to connect to each other, promote their services, in this ‘yellow pages’ type of marketplace.

Canada’s Largest Credit Union, Vancity, launches blog
This blog, called Change Everything, is intended to spread feel good messages and videos to attract Vancity’s community, and interesting project.

MyVault by Scotia Bank
This ‘dashboard’ style interactive application allows members to manage their money, gather feeds, and communicate with community members via forums, called MyVault.

IT Counts by the Institute of Chartered Accountants
This community site ION, yields blogs by thought leaders on the topic of technology, sponsored by Microsoft.

When Social Media Marries CRM Systems

I realize that we’re just at the early days, as many of these systems are deployed by marketing units with little interaction or support from IT. In many cases users are forced to create a new user ID, as these systems are not tied to existing enterprise software.

Thinking towards the future, I realize how important it will be for IT departments to think holistically about social media, especially large areas of customer and prospect congregation. For many marketers, they are graded (paid) based upon the amount of qualified leads that are generated for their efforts, online communities, blogs, and other tools are examples of this. I can already imagine the big consulting shops moving into Fortune 5000 companies with another Enterprise Resource Planning for Social Media projects underway (ERP-SM).

Exactly what would success look like? For one, brands will be able to track, manage, and monitor who enters the community, determine if they are a prospect, customer, partner, or even inactive. Secondly, brands will be able to develop intelligence on how effective communities are for bringing customers closer such as integrating existing social networks like LinkedIn to the corporate intranet. In a theoretical sense, brands could determine which customers have the best reputation, and how to keep and reward them. But perhaps, most importantly, customer experience will improve as companies now have a better understanding of them throughout their life cycle –and beyond.

Caveat: The key to success isn’t just about building systems to ‘capture’ customer registrations and information, it’s about building real relationships empowered by these tools. Any corporation who attempts to enter social media just for the sake of holistic data, or for lead generation only will fail –and perhaps become a case study analysts tout in our powerpoint decks. First recognize the power shift, then understand how this is different that other marketing activities.

The following is a list of companies or vendors that are starting to tie their social media software into CRM systems:

Leverage Software/SalesForce
CEO of Leverage Systems proclaims: mwalsh Leverage Software is integrated with Salesforce.com – has been for 2 years. The integration is currently light, but will deepen. June 3, 2008

SalesForce for Dell/Starbucks?
SalesForce offers IdeaExchange, which powers Dell Ideastorm and My StarbucksIdeas. Being that they are a CRM software vendor that now offers community insight tools, I can only assume that their data is being shared. this is just my assumption, they have not confirmed this for me. June 3, 2008

Hivelive for Serena
Serena’s Mashup Exchange (powered by HiveLive) is an online customer community that is being integrated with lead/CRM systems. Specifically, HiveLive’s LiveConnect Community Platform is integrated with MarketBright’s lead management system and Salesforce.com. Submitted, June 3, 2008 by HiveLive CEO John Kembel via comments

Submit in comments, provide links to qualify
Hoping to see an example of a company that has automated it’s community tools to tie with it’s CRM tools, I’m expecting you to link to a credible source of information, or identify yourself as an employee of a vendor or client. Leave a comment below, or email me if you want to stay confidential or anonymous.

At some point when this list becomes to difficult to manage, or this goes mainstream, we’ll just have to read the comments. If you know of a company that has integrated it’s social media data with a CRM system, please leave a comment.