Archive for July, 2010

The Socialization of Your Brand Is Here

Tuesday, July 20th, 2010

For years companies have struggled to harness the power of word of mouth consumer sentiment.  Focus groups, interviews and surveys have been utilized for years to help brands understand consumer feedback, however until now there hasn’t been a vehicle to capture word of mouth feedback in an unsolicited manor.  Enter social networks, places where consumers can share comments and opinions with friends and family, and where word of mouth sentiment takes on a whole new meaning.

The Socialization of your brand is here, that is, consumers now have control of the way they will interact with your firm, how they will conduct business, and how they will inform others of their experiences.  However, the socialization of your brand spans way beyond just listening to the chatter on social networks, but includes the coordination of content across multiple channels, it includes incorporating social feedback into corporate content on corporate websites, it includes measurement and attribution that stems beyond social channels, but incorporates all channels including web, e-mail, and direct mail as well as television.

Come to the Alterian Summit on August 17th and 18th, to learn what leading brands such as Dave and Busters, Western Union, and ZipCar are doing to incorporate the power of the social network into their overall branding, messaging and communication strategy.  Register at: www.alterian.com/NAETSummit2010.

We look forward to seeing you there!

Marketers Require a Social Media Monitoring Tool with Deep Analytics and Rich Functionality

Monday, July 19th, 2010

The social media monitoring space is changing quickly & there have been many acquisitions of late. One year ago Alterian had the foresight to acquire Techrigy SM2. Over the course of a year SM2 has evolved into a tool that every enterprise marketer should rely on. Destination CRM.com quotes Forrester Analyst, Zach Hofer-Shall, “… that when he spoke to billion-dollar companies they “very often” had an Alterian SM2 dashboard in place for one or many of their social functions.”

In the video, Aaron Newman, founder of SM2, outlines how SM2 has always had deep analytics and now has so much more including:

  • a dashboard that takes the user interface to the next level
  • over 9 billion pieces of content (no other tool has this depth!)
  • metadata which includes 36 fields
  • sentiment analysis in 16 languages
  • language detection in 22 languages
  • ability to drill in to every chart


SM2 is very transparent in presenting it’s data. You can see how sentiment, tone, location, etc are all determined. Most importantly, SM2 is part of an integrated marketing platform. Marketers can also choose from web analytics, web content management, email, database and analytics.

You can try the Freemium version of SM2 here.

Want to learn more? There are five whitepapers & webinars here.

Peter Platt’s Top Strategies for Social Success

Thursday, July 15th, 2010

peoplepeterplatt_web Last week, Alterian sponsored a webinar presented by Peter Platt, Chief Digital Officer of Catalyst titled: “Marketing Strategies that Captivate Today’s Social Media Audiences.” This webinar was a part of our Social Media ROI Series which explores how companies can increase the ROI of their marketing efforts using online channels. During his presentation, Peter presented 5 key strategies for marketing within the social space and provided some fascinating demographic information for many of the most common sites on the social web. He gave some great advice on how to properly address your audience and how to get in the conversation.

A couple of my favorite snippets from the presentation:

  • Social Media audiences are older than you might think: Ages 35-44 are the largest group on social networks and the fastest growing audience is 55+
  • A good Rule of thumb — listen twice as much as you talk. Same in Social Media as it is at a cocktail party.
  • You need to listen before trying to insert yourself into the conversation. Once you do enter the conversation, it is a gradual process to engagement
  • Sometimes you can “get in the game” by surrounding it. For example, you can place advertising in the networks and blogs that are discussing your products and industry.

Thanks so much, Peter for presenting such a fabulous webinar.

>> Watch the full presentation, including Peter’s 5 strategies for social success

Old Spice takes Social Media by Storm

Wednesday, July 14th, 2010

Guest Blog Post by Jim Reynolds, Business Development Manager, Alterian SM2.

If you’re at all like me, you remember Old Spice being something your father or your grandfather would use. You may have even purchased it year after year as a Father’s Day gift (or maybe your Mom purchased it on your behalf as a gift from the kids). The pungent smell sticks out in my mind, along with the iconic tan bottle with a red top.

Amazingly over the last few years the company has managed to reinvent its image, brand , and message with help from a great agency, Wieden + Kennedy. I give my kudos to Proctor & Gamble for having the guts to embrace social media; it has definitely become a key part of their strategy. If you’re unfamiliar with their advertising, campaign or social media efforts check out Old Spice’s Facebook, YouTube, or Twitter accounts.

Why I’ve decided to talk about this campaign and company now is that Old Spice has launched one of the most ambitious and cool engagements that I’ve seen in quite some time. They’ve started to respond to tweet’s and YouTube comments directly via YouTube videos starring the “Old Spice Guy”. In addition, this is one of the first public use cases of promoted tweets in Twitter. The campaign has taken the social media world by storm. To demonstrate the effect of this campaign, we used Alterian SM2 to analyze all of the conversations around Old Spice for the last 3 years. A couple of data points that came out of our research:

· 1780% increase in number of followers since April

· 15% increase in Positive Sentiment in 2010

· Conversations in 2010 are nationwide vs. large disparity between geographic regions in 2009

Below is our analysis:

Old Spice a Social Media Success Story

View more presentations from Jim Reynolds.
UPDATE! As of today, July 16 2010 the Old Spice campaign results:
-  5400% increase in Twitter followers since 1/1/2010
- YouTube subscribers up by 1000%
- 28,000 RT of the terms oldspice and old spice

Social Media Monitoring Fun – Team Edward vs. Team Jacob

Thursday, July 1st, 2010

Regardless of whether or not you understand the craze, the power of the Twilight franchise is undeniable. The Twilight: Eclipse movie was just released yesterday and is already breaking records. According to Box Office Mojo, Eclipse had the highest grossing Midnight Launch at $30 million (beating out Twilight: New Moon’s $23 million) and opened in the largest number of theaters ever. The Twilight Saga books have sold nearly 100 million copies worldwide and remain some of the best-selling books of the decade.

As rabid fans across the world line-up for this week’s release of The Twilight Saga: Eclipse, we thought it would be fun to use Alterian SM2 to analyze the conversations around this summer’s hottest debate:

Who is winning the Battle of the Supernatural Heartthrobs – Edward or Jacob?

twilight5      ysg

DEMOGRAPHICS

If you think that it’s only Tweens and Teenage girls who are chattering about Twilight, think again. Our analysis found that the largest Age Group talking about Team Edward and Team Jacob is 25-34 years old. The second largest age-group was Under 18.

Edward_Age  Jacob Age2

Only a small subset of the conversations are tagged with Age data, either because the author has not identified their age, or because that meta-data is not available within that medium (ie Twitter). However, it’s an interesting glimpse into the fan base, that probably wouldn’t surprise Twilight author, Stephenie Meyer. As she told About.com in 2008, "I had a very specific audience, and it was a 29-year-old mother of three."

What might surprise Stephenie Meyer and certainly surprised us, was the number of males participating in the conversations. 40% of those talking about Team Jacob were Male, while 42% of those talking about Team Edward were Male.

Edward MF  Jacob MF

 

WORD CLOUDS

edward word cloud   Jacob word cloud

 

SENTIMENT

Edward Sentiment   Jacob Sentiment

Team Edward is the leader in terms of Sentiment Analysis with 28% of conversations marked as positive and 13% of conversation marked as negative, while Team Jacob had 26% positive and 15% negative comments.

VOLUME

TeamEdwardvsTeamJacob

It is pretty much neck-and-neck, but Team Edward has edged out Team Jacob again with the greatest number of total mentions. Interestingly, Team Jacob did jump ahead on the movie’s opening day.

TeamEdwardvsTeamJacobbyDay

THE WINNER 

edwardWell kids, (and adults apparently) after looking at the data, we have to say that Team Edward appears to be the front-runner in the Battle of the Supernatural Heartthrobs: Eclipse Edition. Will Team Jacob fare better during the Breaking Dawn release?

Only time will tell…

 

**** We analyzed the conversations happening around Jacob and Edward from June 1st 2010 to July 1st 2010 using our Social Media Monitoring tool – Alterian SM2.

The internet mindset: “its a jungle out there”

Thursday, July 1st, 2010

One of the key principles in economics is that economies revolve around the concept of the scarcity of  products or resources. With the internet, companies tend to think purely economics also questioning : “how do we make money out of the internet?”, “how can we control the market on the internet?”, “how do we restrict what people say about us on the internet?” and so on.  A key distinction to make however is that the internet is not an economy but an ecology. Like a jungle where everything in the jungle is in abundance, not in scarcity, so the internet is full of abundance, abundant information, abundant connectivity where you can “connect” and “collaborate” with an ever increasing amount of people, in a random way, where there are no laid down paths. Also like a jungle, the internet is massive, it’s out of control and if you were parachuted into the jungle you would have to work out how to survive. Today we are faced with having to survive in the internet jungle with nothing more than a laptop, we have no choice, it’s democratising, global presence is upon us and shaping the way the world works.  Therefore to survive we had better get some survival training (digital skills), learn about the way the internet (and social media) operates, how to be found in the jungle, and what tools we need to use in order to build a life there and not only survive but thrive.

The best survival course for the internet is a one day 12 hour crash course run by Ecademy, designed to help individuals  understand what is happening on the internet (in the jungle), how to establish your brand on the internet (being found in the jungle) and what tools to use on the internet (the survival kit).  One of key tools presented on this course  is Alterian’s SM2 social media monitoring tool which helps companies understand what is happening in their part of the jungle and helps to find “similar tribes” in that part of the jungle.

So make sure you are fully prepared for your journey on the internet by investing in some education and the right tools, because, and I’ve always wanted to say this in a blog, “its a jungle out there!”