Showing posts with label social business strategy. Show all posts
Showing posts with label social business strategy. Show all posts

Wednesday, 29 June 2011

If I was a Restaurant...How Would I Use Social Media?

A Social Service


One of the industries that was expected to be hit the hardest by the recession was the eating out/restaurant sector. There were fears that consumers would cut out eating out altogether, however although they failed to materialise the industry has been through some tough times.

There is a change in consumer behavior that has and will continue to affect how people communicate with brands, what they spend money on, who they trust and what they value. Ogilvy produced a great report which makes for some interesting reading called Eyes Wide Open, Wallet Half Shut (pdf). One of the underlying themes that fits to eating out is how important family and community have become.

Restaurants are local and have an opportunity to facilitate peoples social experiences and by doing this develop a loayl customer following.

It is about being passionate about creating a difference, being an experience and building a community around the business

The Balancing Act


Restaurants have had to balance offering value for money without falling into the trap of over-discounting. Generally restaurants are having to work harder to capture customers spend and that means gettting smarter at marketing.

Restaurants have to create a clear and distinct experience and use innovative ways to create customer experiences: marketing, menus, branding...and of course menus to excite them. Our recent blog focused on the idea of value: value = benefit - cost and the need to tip the balance by focusing on customer benefits rather than cost.

Restaurants can now use new and exciting  technologies as well as social networks to interact with and engage customers. By building a community they can develop more sustainable and loyal customer base - a tribe.

Some Case Studies


In the US restaurants have recognized the importance of social media and are now focusing on utlising in their marketing.

Notable case studies:

If I was a Restaurant How I Would Use Social Media

Learn

  • Review how successful restaurants use social media and understand what Social Media ‘Tools they use and how

  • Have a look at successful chefs/restaurants actively engage with their community with advice and resources e.g. Celebrity chef Rocco DiSpiritoRick Bayless , La Casa , UnoChicagoGrill


I would listen to my customers/community

Look and listen first: who is talking about you and what is being said?



Match my brand to my target audience 



  • I would develop my brand and understand what experience I was offering to my customers.

  • Here is an excellent review of how restaurants need to focus their websites on simplicity of design (pdf).


Get my menu into high quality digital pictures

  • use high quality for show on website

  • Put menu items on Flickr to share easily


Setup my social sites

  • Develop a Facebook page

  • I could have a Gallery of recipes and get a table booking app used directly within your Facebook  page – why because it is easy for people to connect, book a table and develop word of mouth marketing (interested in this then contact us)

  • Twitter – use some tantalizing photos of your menu as background. Tweet regularly but about trends in the community, other people, new menu items, seasonal changes, get feedback…not just about the restaurant. I would also use Twitter to engage with other influencers in the community and ask them questions listen to conversations (you can use Twellow for this)

  • Integrate the social network sites with my website e.g. Facebook/Twitter

  • Have an email capture on your website for people to subscribe to a newsletter. Create a monthly email-Newsletter with the latest happenings, announcements, new menu items, entertainment news, recipe of the month etc.


Blog

  • I would develop a blog. As a start point I would identify a series of articles I could write about e.g. ideas on menus for my target client audience - e.g. I could focus on quick healthy and convenient ideas for moms.

  • I would hold an event and invite some people in for lessons on new menu items/recipes. Take photos and blog about the experience, people locally will share and join in creating great word of mouth marketing.

  • I would have an RSS feed on my blog that people could subscribe to


Local Guides

Be Mobile

  • Increasingly people are using their mobiles to find out information and contact restaurants. If they come across a difficult to navigate website then the chances are they will click away. Remember that Google takes into account locality on mobile searches. Get a mobile website.

  • Pizza Express recently launched a mobile app that allows customers to pay directly from their phone

  • Capture peoples mobile numbers for mobile marketing campaigns by using competitions and prize draws


Location apps

  • How diners are using smartphones

  • Foursquare - run a promotion based on Foursquare that offers discounts for checking in. For example, any bill over £25 receives an automatic £5 discount if the customer checks into Foursquare.

  • Facebook deals - Facebook deals allows users to check-in to receive special offers/promotions


Build relationships with your audience/followers:

  • Respond promptly to people

  • Ask questions

  • Develop conversations

  • Host Tweetups for your Twitter community and Meetups for those that gather around topics via meetup.com



  • Use Video…build a story

    • Video is the most natural and friendly way to promote the personality of your business. People like to connect with the thoughts and ideas that are part of how you create your meals – it becomes a story and a narrative that they tell to others

    • Use video to show people some freshly made dishes but don't stop their get some footage of people taking their first taste - that can tell people so much more than a static picture




Make your menu sharable or even liked

  • Blend offline and online

    • Use tools like Facebook events to promote any specials/promotional events you have. Write a short piece on launch of a new menu people might like to come/ and try it. Twitter the event. Key is to make it sharable.

    • Invite local bloggers to your events



  • Keywords and Hashtags

    • Identify keywords relvant to your target customer and restaurant

    • Use hashtags in Tweets




The Personality

Food is a social experience and the more you help and facilitate others experiences the more you will be remembered by your customers. There is a lot more I could cover but I hope this gives your a flavour (pun intended!) for what can be achieved. Of course it is important to tie it together and ensure that you do not attempt too much, spread yourself too thinly and miss out on building the relationships. Co-ordinating and developing your strategy first is time well spent.

 






Friday, 24 June 2011

Social Media: Value equals Benefit minus Cost

What is Value?


Often on blogs, in marketing spiel and in conversations we hear people talking about value. IT becomes one of those words we simply accept without question that we are all on the same page with it. In particular social media relies on producing content that is relevant and adds value to your customers. But how do we know and prioritize what is of value to our customers?

Have a look at the presentation below by Laurent Francois who tackles this brilliantly in his presentation.

 

Although it is a complex proposition let's just simplify it to illustrate some points:



The common ground is saving money and time. So why not investigate what are ways that you can create value for your customers. If you don't want to be perceived as discounting then look for the value of saving people time.

Two examples of organisations using Twitter to add 'value':

  • BtoB - Caterpillar uses Twitter to connecting with current and potential customers, and addressing service issues.

  • BtoC - Zappos uses Twitter to keep customers informed of relevant company and product information, events and promotional offers


Value = Benefits - Cost

To your customers ask yourself why they should invest their time (Cost) in coming to your website, Facebook page, Linkedin Group, Twitter...if you haven't identified the value proposition and content strategy then you are unlikely to succeed.

Take a look at what your are doing: What content is most popular with your target audience? Is the content you share via social media resonating with your target audience or a random audience?

Understand your Target Audience


As we often mention to our clients it all starts with understanding the customer and NOT assuming that you know their needs. Research even done simply is better than none at all and will provide you with some ways to be relevant to them.

Here is a some articles on social monitoring and management tools that can help you do this:

Alternatively select some clients or customers to free lunch, prepare some questions and get their views.

This is reinforced by some research into why people 'Like' brands:

A study of 1,500 Facebook users, ExactTarget concluded that 38% of online U.S. consumers “Like” (formerly “Fan”) a brand on the social networking site.

  • 40% to receive discounts and promotions

  • 39% to show my support for the company to others

  • 36% to get a “freebie”

  • 34% to stay informed about the activities of the company






Conversely we can also see that different channels will require different strategies for brands and businesses:

Key takeouts:

  • It is important to attract and gain new customers (as well as reward loyal customers) develop a clear integrated strategy that includes how you can use social media to promote your products or services strategy

  • 'Freebies' can create a lot of word of mouth and provide added value to potential and existing customers. This could be information that saves people time or you could provide a mobile app e.g. in BtoB a utlity app or for a consumer brand an app that people find entertaining. This develops your brand awareness as well as provide valuable interaction and data.

  • Consistently producing content that focuses on your customers needs and is relevant. In your strategy vary the reasons so that you are not repetitive in how you add value or your content strategy. Social monitoring and customer research is not a one off event - it needs to be embedded into your marketing processes and used to adapt your strategy.

  • Be obsessive about understanding your customers and you will create competitive advantage. If you understand your customers better than your competition and then act on this by producing content that is right for them and adds value (promotions, articles, blogs, posts...) you will gain market share.


Some interesting reports


In the spirit of this post I have read some interesting reports lately and they are listed below for you to take a look at and download:

A report by HootSuite on social media measurement

The Global Social Media and CSR Report by Wolfstar

If you come across any good reports about marketing in the digital age and/or social media then let us know

 

 

 









Thursday, 23 June 2011

Social Media - The Story of the Three Little Pigs

The Story So Far


We have all grown up with the famous story of the three little pigs (although I like the alternative 3 little wolfs variation as well). The moral of the story is obvious people who work hard, work smart, save money, think ahead, and help other people, will come out on top.

In marketing you wouldn't recommend a business to build their marketing solely on social media - it is just not good advice. Social media is just one part of the marketing mix.

Likewise the idea of solely being digital is not right for every business, it is important to recognise and use offline marketing (if it fits to your target customers). Again as a stand alone focus it will deliver results but be limited. Like the 3 little pigs using the right materials are vital to a solid marketing strategy.

Jeff Bullas wrote a good piece Social Media Marketing’s Biggest Myth that quite rightly argues the need to focus on being relevant and informative:

"The reality is that “social media” is based on self-interest. People on social sites are looking for materials which are useful to them.

Content defines the value to your customer - why people will either ignore it or share it. Content strategy is then a defining part of any online strategy. Here is a great presentation that drums home the importance of content for online marketing.


Mixing the Bricks and Mortar and Working Together


So if we return to the three little pigs story - our marketing should consist of mixing our marketing to produce a solid foundation and the people we invite to help us are our customers; because if they help you (and more importantly want to) you may develop a community.

We can't cover everything so I have focused on email - some people see email as an enemy of social media i.e. email vs. social media. The truth is, done well they should compliment each other (but it also depends on market/customers...).

Email Facts


  • 72% of companies rate email as 'excellent' or 'good' for return on investment (EConsultancy)

  • Email adoption high but lacking in best practice - the relevance, context and targetting (download pdf - Forrester) also support by MarketingSherpa 2011 Email Marketing Benchmark Report (download here)


Email is getting Social


  • 6 Smart & Effective Email Marketing Tactics (Mashable)

  • 7 Steps to Improve Your Email Marketing (Practical Commerce)

  • Integrating the Facebook like Button into Mailchimp campaigns (Mailchimp)


Both Constant Contact and ExactTarget acquired businesses in the social arena, namely, NutshellMail and CoTweet. Why - well they recognise the value of social data and are looking to use this to build more precise targeting methods based on social data.

Putting the Story back into Marketing


So what is the role of social media within the marketing mix? Again this is big subject but here are a few reasons why it is an important part of any business now:


  • people trust people (Source Nielsen) and therefore we look for what are friends or others say about brands/products and services

  • brand communities can provide an ongoing development of a relationship with brand as opposed to a start stop approach (see blog post by Olivier Blanchard)

  • brands can understand (and quickly) what their customers are saying - a dynamic feedback loop providing ways to improve your product or service

  • researching customers (you can understand their online/offline behaviours and refine your marketing and provide value to them (this comes back then, to your content strategy)

  • using tools to linkin with Facebooks open graph you can use the data to understand your 'followers'

  • it is where you customers are spending their time online and hence where you can help them e.g. customer service



This is by no means an exhaustive list, it just meant to illustrate the opportunities and relevance of being social. In todays world we want the human connection as well. We can never underestimate the power of the human story, the connection we feel with it and the emotions that they evoke. Look at some of the highest ranked video's onYouTube and you will understand what I mean. When done well, social media builds as the brands facilitate the story of others as well as solving problems, communicating relevant messages and adding value it can also tell the stories of its people.

Sunday, 19 June 2011

Social Business - Where do we start?

Where to start


For many organisations we talk to the question of how to use social technologies to benefit their business beyond the use of marketing has finally arrived at the board room table. Many have made taken their first steps in using social tools and started to listen, learn and integrate their marketing. The broader issues of where and who is responsible for the social business plan brings into focus the many different areas of the business impacted by the use of social business tools.

Different people will have different views on where to start. Some may argue that the focus needs to be on an integrating strategy while others may work on a priority basis and use pilot projects to prove the business case. There is of course the complexity of knitting social into the often siloed activities of an organisational structure. So where and how can organisations start to tackle some of these problems?

Looking at the Business of Being Social


There is both the opportunity to internally and externally harness the social capabilities to help organizations solve business problems. But it is context of how culture and technology need to be integrated that we understand the implications on strategy and how important it is to embrace change management.

Initially organisations need to understand their own capabilities and audit there current position:

  • understand who in their business is currently using social media in relation to the business e.g. active in Linkedin forums...

  • understand employee activities on social media - this is often useful and helpful to determine who could be recruited to help on projects

  • benchmark you brands/products and services on social networks

  • benchmark your competitors


In much the same way as you would put together your information sets to build a business plan and strategy you need to understand your current position for developing a social business capability.

Set clear goals and measures e.g.

  • % increase in coverage of PR per £XX spend

  • Sales could be a % Increase in Sales Leads

  • Customer Service could be % reduction in response times or % reduction in number of customer service queries


Moving Quickly


We often see that many organisations end up with analysis paralysis. As we talked about in our last blog prioritizing how you intend to use social business is critical.

In today's fast paced world it is about being agile:

  • Flexible and responsive resources (internal and through partner network)

  • Rapidly assimilating changes in your business environment

  • Focusing on information that can quickly be acted upon

  • Harnessing influencers for change (internal and external)


The changes in technology and business are not incremental they are a major shift to a new form of technology and operations orientation. It is how the organisation responds to a new internal employee engagement model and also respond to a social customer across multiple channels. As consumer adoption of new technologies and behaviours change, the challenge is for organisations to reconfigure resources and capabilities to meet those changes.

 


Key Take Outs



  • Benchmark your business and capabilities

  • Research and benchmark your competitors

  • Understand your customers/listen to where they are/what is being said/channels

  • Research your network and find out who are influencers and potential social champions

  • Aim to develop a centre of excellence for social business that is cross divisional/departmental

  • Recognize that mistakes are going to be made - that is why we call it learning

  • Remember to be adaptive/respond top changes

  • Build pilots that can be scaled quickly

Saturday, 18 June 2011

Social Business = technology, culture and behaviours

What is a social business?


There are probably many different definitions and variations on what a social business is. I don't want to get bogged down in semantics. What I am passionate about is the way people can can come together to share, learn, collaborate and benefit from embracing the principles of social business. It is the transformative impact it can have both culturally as well as operationally.

When I listen to people and views on the net there are people that talk about changing behaviors - focusing on how people's habits have changed, how they interact, where and how they spend their time, that people are sharing information socially, how they buy, who they trust, how they find information, how they interact...Others seem to focus on how the technology is changing people's behaviors enabling new ways to interact, collaborate, communicate, share, connect...and a few even mention culture.

We need to recognize that Social business is about people, technology and culture and one without the other doesn't work. Organisations that just embrace the technology of an enterprise 2.0 vendor selling them a community platform will not work. Neither will someone developing a strategy for cultural change without the guidance on how to implement and manage the change process. Equally overlaying a social business strategy on a culture of fear and hierarchical management control will fail.

Some articles that reinforce these are:

Learning to Change


The idea of having to adapt and change is as old as business itself but the need to change rapidly is now a necessity and a source of competitive advantage. Customers are changing and new business models are emerging thanks to flexible and social and scalable technology solutions.


Organisations are now tackling how to integrate social technologies into their business beyond the use of marketing or customer service. However transitioning to new working practices is not easy for many as they move from old legacy systems to new (often requiring intermediary stages),  aligning goals and objectives, aligning roles and responsibilities, changing processes as well as leading the change.


We can look at how Dell and other organisations have focused there efforts on taking small digestible steps, piloting projects, developing champions and building on their learning.

One aspect though is consistent it is the pace and need to change and learn, to adapt to become flexible to the dynamics of a new and emerging era.

Focus on the application


Organisations who want to adopt a social business approach need to focus on the application and relevance to the business. There are a multitude of ways applying social solutions improve a business. However, each business is different and how and what is a priority will depend on the organisations strategy, goals, objectives, market position...What is important is to identify the opportunities prioritise them and start.



I call this the age on your imagination because you are main limitation in coming up with business ideas and solutions is no longer the technology.



 

Key take outs



  • Research your market and identify how your market, customers, competitors and business models are being affected or could benefit from social business

  • Identify some tangible projects

  • Research your employee capabilities

  • Bring together relevant stakeholders

  • Scope your projects and enable your team to make decisions

  • Communicate, communicate and communicate - be open


 



















Sunday, 23 January 2011

5 steps to start your social business strategy

Why focus on integrating social business technologies?


The trends have been discussed and explored, the case studies are readly available and the technologies are proven - now is the time to invest and build capabilities for a social business.


McKinsey highlights the case that adoption is critical for organisations to become social businesses. The simplification of integration, lower costs and adaptive systems create a rational for change that is undeniable; social business is the focus for 2011.

Benefits of being a social business:

  • Increasing internal efficiency and knowledge collaboration

  • Improved customer relationships

  • Improved innovation through customer participation


But it is the need to adapt to changing customer behaviours and maintain mind share in congested markets that is driving much of the change. Let's revist some of the trends that are happening that affect how organisations market to customers.



Many organisations are still grabbling with how to use social media to engage their customers, but besides a few leading brands many are failing. But why? Well one of the main reasons is that in changing over to social media many are still broadcasting information and not engaging in developing a relationship. For others it has to date been a tactical dip in the water often isolated from the main organisational strategy.

Organisations now need to recognise the greater impact of a social business strategy to engage customers and unlock value.

5 steps in developing a social business strategy


The American Marketing Association (AMA) article on social business design, highlights the changing nature of work, a shift to cultures of sharing, and evolution of personal technology create emerging market opportunities. It points to a social business strategy.

1. Learn first - Explore

To start with, an organisation and key stakeholders should use an expert to quickly get up to speed with the technologies and how they are being used.  A good consultant can deliver this and at the same time focus on your industry and/or market and what is relevant. Also use and involve people in the business who are interested and knowledgable. This is the explore stage of developing a social business strategy.

2. Framing and developing the questions

Develop the questions that apply to the organisation. These lay the foundations for developing a strategy and will help to prioritise any research needed. Involve key stakeholders in formulating the questions; some people have different perspectives, roles, knowledge and skills. These all add value at this stage. As a team prioritise them and sort them into long term and short term.


Here a few key questions as examples:

  • How are our customers using these social technologies

  • What markets/products and customers should we focus on

  • What internal changes might be needed

  • How do these technologies change our business model


3. Benchmark the business

Many of the questions that around strategy often relate to markets and competitors. We have in an earlier blog covered some of the key tools for social monitoring. However here are some further reports and information that may be useful:

Why benchmark your brand/business? Benchmarking helps you understand your market, competition and provides you with recommendations to differentiate. A good benchmark report will provide strategic options towards developing a competitive advantage. A benchmark report can be used to understand where your customers are, who are key influencers, their interests...It can be the start point for understanding how you are going to measure your business.

4. Identify the opportunity and invest

Choose a project that can deliver some tangible wins. If it is marketing to your customers, then consider that the ultimate goal is to focus on the long term aim is to build a community around the brand and delivering sustainable value. This means tactically building on each promotional campaign to develop the brand community rather than disposing of customer data and assets each time. This then engages customers in each stage of the brand journey.

A critical part at this is to set the goals, objectives and review the measures that you are going to use. We dealt with the ROI measures that can be used in an earlier blog.

5. Content, Quality and Engagement

Content is the reason your customers come to you, the reason they will connect emotionally with your organisation or brand. However, in todays digitally diverse world many organisations under estimate the time, effort and cost of good quality content. The content strategy is vital and should be thought of early. Multi channel communications must have consistency to reinforce each other and produce a unfiying customer engagement.

Managing and producing content is becoming increasingly difficult due to the technical skills required.

Key tips

  • Know Your Voice - Everything you say on the social web should “sound” like your brand

  • Time Your Content - Create a calendar that spells out what you’re going to pproduce and when you’re going to publish

  • Add value - Know your Customer. Why does somebody follow you? Why do they like you? It’s because your brand offers them something; understand this track it keep it fresh.

  • Solve Problems - Humans have survived for so long because they’re great at answering questions. Work collaboratively with your brand community to solve their problems, help with their interests...

  • Be True - Good content isn’t fake. It doesn’t make promises that it can’t keep. It’s human and honest and that is why it makes a human connection with its audience.


As with any business the more time and energy that is spent at the planning stage improves upon the execution. It is about being great, delivering to high standard and implementing well and a good strategy determines much of this.

Be Agile

In today's changing world organisations need to adapt continually. The days of annual long range plans are gone. Scanning the environment, brnging on board intelligence and then adapting plans are vital to success. So set the goal of becoming agile and adapting to stay ahead.
Social media and agile leadership
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