Competitive Intelligence with Social Media Monitoring

How do you turn social media data into a business tool?
Listen to the data with focused and tactical opportunity on your mind.

The reality of the social media adoption trend is that relationship information has shifted; the past few decades had given us the  luxury of forming relationships on a personally managed level.

That isn’t a 100% true anymore.

Ten years ago it was pretty difficult for an outsider to know who was in a circle of friends. A private investigator could have researched where I was and who I met on a daily basis, but the act of knowing who was in my social circle took a tremendous amount of effort to discover, track, and visualize.

Skip ahead to today’s current social experiment and a majority of us  have ‘opted in’ to sharing our social connections. In many cases the act of using tools like Google and Facebook have opened up a Pandora’s box of social data that very few of us understand.

Data researchers like myself can sit down at a keyboard with some advanced computer scripts and draw a picture of an individual, community, or marketplace in a fraction of the time it would have taken ten years ago.

 

Read more

Social Media Policy ‘How To’ Collection

Over at 123 Social Media I’ve been sharing a good number of strategies and ideas for defining how an organization manages a social media policy that is not only effective, but motivational for the culture of your team.

If you need help with creating a social media training or policy framework, drop me a line.

I’d be happy to detail a few effective ways for using social media to get business results (not just marketing, business impact items like competitive intelligence  and influencer analysis.)

In the meantime, here are some of my ideas on
getting your social media policy tuned up. Read more

Internal Keyword ROI

Internal keyword ROI is based around the concept of segmenting pre-existing web traffic that could be coming from current customers, employees, competitors, journalists, or organizational stake-holders.

Rather than focus on external marketing keywords that attract new exposure points, internal keyword ROI is based upon understanding lifetime value, on-going engagement, and up-sell opportunity. It focuses on keywords that represent lines of communication that exist within your business.

These existing lines of communication may be within the ‘sales’ side of the business OR they may represent a diverse collection of business investments.

Simply stated:

Most marketers commonly accept and become focused
on the perceived ROI of client acquisition.

While most businesses executives are focused
on retention and growth of existing business assets.

[stextbox id=”info”]

If a marketer makes the mistake of not thinking like a business executive,
they risk losing sight of the big picture
and develop tunnel vision regarding the new prospect pipeline.

[/stextbox]

Creating a new client is not a trivial goal, but as the saying goes:

“A bird in the hand is worth two in the bush”

No other department leader has the ability to proactively research competitive gaps or investigate where consumers of information are interacting with the brand of the company. A majority of the tools used for determining keywords and audience behaviors are almost entirely biased to the marketing profession. This limits other departmental leaders from effectively establishing internal keyword roi and benefit points.

If a marketer wants to be an executive leader, they need to take responsibility for the entire well-being of the organization and offer pro-active solutions to emerging issues.

  • Most organizational marketers pass the duty of customer retention to customer care.
  • Most organizational marketers do not become involved in employee retention/attraction.
  • Most organizational marketers do not take responsibility for long-term stakeholder shifts.

Why should a marketing professional care
about shifts that affect organizational efforts?

The simple truth of the matter is that most marketers are facing dwindling budgets and increased efficiency. Savvy marketers who can qualify and quantify ROI benefits in other departmental silos have the ability to access “co-op” departmental budgets and establish themselves as organizational assets (otherwise known as career safety.)

Instead of focusing on prospect and awareness creation, take some time to identify low-hanging fruit for SEO and SEM keywords.

Some examples:

  • Customer Care Keywords – customers often search for how-to, user guides, and contact information. These search strings identify existing customers that can up-sold or they can be influenced my marketing to achieve a higher retention rate.
  • Employee Engagement Keywords – human resources spends a tremendous amount of effort on employee relations (layoffs, hiring/firing, best practices, training.) Identifying keywords that employees use allows you to reduce training time, improve peer-to-peer information sharing, and track/monitor/improve important internal trends.
  • Recruiting Prospect Keywords – your recruiting team can spend 10% to 40% of first year salary recruiting for a new employee. Detailing a recruiting funnel powered by your keyword guidance can “redefine” how much marketing can save the organization.
  • Executive & Journalistic Keywords – stakeholders and journalists often look for specific PR product phrases or executive bios. Establishing a pipeline to track executive inquiries allows marketing to take credit for generating positive press or executive partnerships (which PR traditionally took credit for.)
  • Reputation Keywords -review, scam, complaint, resume, bio? Marketers who understand how reputation keyword modifiers affect sales conversion and customer retention can tactically target methods of improving results on high-priority product and executive names.

What can you do today?

Sit down and write up a list of departmental silos that work with keywords. Most marketers have never applied keyword strategies to departments outside of the sales channel.

You can use the above examples as basic starting points.

What segments within your business have
‘low hanging fruit’ for internal keyword roi?

Online Privacy and our digital crisis

Before 9-11 most people didn’t think of terrorism.
Before Facebook most people didn’t think about online privacy.

In some situations crisis is the factor that forces us to accept a reality that we do not want to consider.

In other situations it takes a massive and overwhelming transition to occur before we begin to consider reality.

The reality of today: it doesn’t take a rocket scientist to figure out that we share a lot of information about ourselves going through our daily lives.

We are all concerned about online privacy, but not enough to do much about it, apparently. ~Mathew Ingram, Editor Gigaom.com (Fortune/CNN)

Read more