This Ex-Renegade’s Thoughts on Social Media

To help gain insight into the results of our soon to be published Social Media Fitness Study, I interviewed a number of marketing professionals including Trip Hunter, VP Brand Marketing of FUSION-IO, a recently public company that is doing really well on all fronts.  Trip, as many of you know, worked at Renegade for many years, so of course, I’m completely bias about his talents.  Nonetheless, I think you will find what he has to say quite informative and insightful.

DN: B2C companies outscored B2B companies in the Social Media Fitness study. Do you have any thoughts on why this might be the case?
B2C companies are much better at engaging with people as individuals. B2B companies market like the end consumer isn’t a human being. They are a collection of survey responses and data points. They’re not. They are real- live human beings too that get sad, and find things funny, and care about their overeating.

I also think there is a belief that the level of passion that consumers in B2C have for brands is a lot higher and more a part of ‘who they are’ than exists in B2B brands. People strongly identify with the brands in their life. They help define who they are. “I’m an apple person”, or “I drive a BMW.” You don’t hear so much someone say “I’m an HP 980 server guy”. So I think B2C brands are better positioned to capitalize on this. It is not always true, but it’s a perception among B2B that individuals don’t identify with B2B brands as much, so why bother?

DN: Do you think there is still skepticism among B2B marketers that social can help them achieve their business goals?
I do think there is skepticism here, especially among more established and mature industries, because it is difficult to find a point of view or create content that is newsworthy, or interesting, or engaging. If you can’t get people involved in your story, then you might walk away. Fusion is lucky in that it is a technology that is very innovative, and new, and because of that, techies really pay attention to our story. They are constantly talking about Fusion, and playing with our solutions, and benchmarking them against the existing status quo, and engaging with us. Their passion for Fusion is genuine, and we would be the fool not to engage and share and facilitate in the growth of that passion. A lot of people are asking a lot of questions, because what we do is so revolutionary. If we don’t answer, someone else less qualified will. By facilitating understanding, we ultimately help them find solutions for the current issues that plague traditional data storage architecture.

DN: What is social media doing for your business?
We consistently generate qualified leads through SM. When prospects ask the general community a question about Fusion, we put them directly in touch with someone at Fusion who can answer that question. More often than not, this leads to further conversations which lead to sales. As our director of social media said “I am the SM switchboard operator who connects people to the right person in the right department. I communicate with customers and potential customers directly and help them out. Our efforts are as much about customer service, if not more, than about lead generation.”

DN: Less than 1/3 of the companies surveyed had a disaster plan in place. What triggered the development of a disaster plan at FusionIO and did it work when you had to use it?

There are at least two kinds of disasters: Disasters that shake the house, and those that knock it down. Our disaster plan covers the former well. We’re working on the latter.

Disasters that shake the house happen almost everyday. Someone makes a negative or incorrect comment about us, or incorrectly compares us to a competitor. Our first negative comment through SM was back in 2009, and we have been creating our disaster plan ever since. As a result of that negative comment, we contacted the customer, helped him out, and turned him into an evangelist. He went on to make supportive and positive comments about us from then on. (see below) Recently we’ve been adding “what if” scenarios to the playbook. Being a public company, we have to be prepared.

In general, we’ve learned that the quicker we are able to respond, the more favorably things go. There’s no way to fully measure the impact of our direct communications with followers, whether they be customers, fans, or critics, but we believe it’s invaluable. Because we have been very approachable and communicative, people expect honest and quick answers from us. They know they can reach out to us via social networks and we will respond and help them.

One key component of our plan is to be measured in our response. Sometimes people just want attention-want to be recognized, and you have to know when to walk away. What we have learned is that there is a code of conduct in the community, and many times it is self regulating. Recently a guy made a video about us that wasn’t based in fact. We responded saying we would love to discuss his POV offline as is would be a rather in-depth discussion. He had no interest in doing this-he was looking for attention. But the community dealt with him, discounting his claims and eventually stopped listening. This was a huge homerun for us-So much more credible than if we are telling him he is wrong.

DN: Most companies especially B2B struggle to develop engaging content and get their customers to pitch in. How have you been able to accomplish this?
We are always trying to grow engagement with our customers, and we are not as far along as we would like to be. That said, we are so new that a broad understanding of our technology doesn’t exist yet. People want to know more, so getting them involved is not as hard as it might be for others.

We treat them like the intelligent, opinionated, passionate human beings they are. B to B companies’ customers are still consumers and human beings. We may not have the massive number of followers that consumer brands do, but our fans are just as loyal and passionate.

DN: You mentioned that you are in the process of auditing all of your social channels — what do hope to learn from this audit?
We are hoping to learn a lot of things, especially where we stand relative to our competitors. Since we sent you that answer, we have gathered some revealing numbers. Even though we’re much tinier than our largest competitor, we are gaining followers as a percentage of overall audience faster than they are, and in the area of measurement that really matters–shares–we are also ahead. People click on our links and share our content on Twitter more than they do with our largest competitor, so that is promising.

We also want to find out what we need to do better. B2C companies are known for creating very engaging content on channels such as FB and Twitter-we can learn a lot from them and how some types of B2C efforts can translate across to B2B.

CMO Insights: Looking Ahead After The Downturn

I ran into Brian Kardon at The CMO Club Summit and we had some great conversations despite the fact that he is a RedSox fan.  Brian is the CMO at Eloqua, a leading provider of sales automation software and a true thought leader.  Brian makes a strong case for crowd-sourcing, content marketing, personalization and mobile while encouraging marketers to take advantage of the downturn.

DN: As 2011 winds down, are you thinking “good riddance” or “darn I’ll miss it?”
Missing 2011 already!  2011 was the year that the four horsemen of the digital age became real: mobile, social, apps, cloud.   We found real value from these.  It’s not the proverbial “just a few months away.”   It’s now.  It’s an exciting time to be a marketer!

DN: What new things did you try in 2011?
Crowd-sourcing took a big step forward.  We leveraged our online community to help answer customer questions and create new, valuable content faster and cheaper via crowd-sourcing.  And when the “crowd” creates its, they are also your partner in distributing it.  Content that was created by outsiders received lots more love than that created by insiders or “the usual suspects”.  Companies are reaching outside their walls like never before.

DN: Is the current economic uncertainty effecting your plans for 2012?
I’m starting to hear “hunker down” talk from business leaders.  That’s a huge mistake.  When your competitors are zigging, that’s the time to zag.  It’s like doing a house renovation.  You get higher quality workers and lower costs during a recession.  The same is true of business.  You can find better talent, get better media rates, pay less for words at Google because there are fewer dollars chasing those things during a downturn.  And when the recession is over, those companies are in an incredibly strong competitive position because they have been continually investing.

DN: Looking ahead to 2012, are there some emerging trends that you hope to capitalize upon?
Call it 1:1 marketing or mass customization, but the dream of personalized digital experiences is finally here.  Websites are no longer the embodiment  of Groundhog Day, where the website looks the same every day.  Think NetFlix and Amazon – where they use your digital body language to personalize movie and book recommendations.  Retail and fashion sites use shopping card and clickstream digital body language to personalize the shopping experience.  You like Gucci, hate Pucci?  Your favorite web sites should know that and present content that they know you will like.  Drew likes tennis – he gets an offer for US Open tickets.  Drew likes the Yankees – he gets invited to Terry Francona’s Farewell Party! (Blogger’s note: you won’t see me holding my breath for that invitation.)

DN: What do you have to say about the growing challenge of complexity for marketers?
In all the petabytes and exabytes of data, some people see complexity and shudder.   I think smart marketers see beauty in the data and their ability to personalize and improve customer engagement.

CMO Insights: Thinking Big

I caught up with Hope Frank, CMO of Webtrends at The CMO Club Summit and look forward to seeing her at Pivot next week.  Hope thinks big especially when it comes to marketing and offers a positive assessment of 2011 and an outright bullish one for 2012.  It is safe to say that Hope lives up to her name.

DN: As 2011 winds down, are you thinking “good riddance” or “darn I’ll miss it?”
2011 was a pivotal year for digital marketing and businesses. Marketers are getting smarter about their programs and investments, which drives them to companies like Webtrends. We maximize marketing ROI, through optimization, testing, targeting and program measurement with our analytics offering. This is an area companies are laser-focused on. We are certainly looking forward to watching our industry mature in 2012.

DN: Looking back at 2011, what new things did you try that worked or didn’t work?
Webtrends has been on an incredibly steep curve of development to meet the immediate needs of brand marketers today. In 2011, we introduced the industry’s first unified analytics offering to provide brand marketers a view of their performance across mobile, social and web properties. Amazingly, we also introduced Webtrends Social, a complete social offering from ads to apps to analytics. Both of these developments have driven deep digital marketing success for our clients.

DN: Are you particularly proud of something you tried in 2011?
Without question it would be the globalization of our Webtrends products and services. In 2011, we opened our Japan office, and enjoyed tremendous growth from our EMEA, South America and Asia Pacific teams. Our products and services naturally translate to marketers globally who are looking to effectively measure their programs and discover new ways to engage their audiences.

DN: Is the current economic uncertainty effecting your plans for 2012, and if so how?
We do not see the current economic climate affecting our business in any negative way. In fact, we are seeing companies be smarter about their digital investments, driving them to our optimization and analytics solutions. We expect to continue to see strong growth in 2012.

DN: Looking ahead to 2012, are there some emerging trends that you hope to capitalize upon? If so, what are they and how important do you think these trends are to your business?
The shift of analytics from the IT department to the CMO will continue, as products continue to develop in the direction of clean, simple dashboards and interfaces that allow marketers to develop, manage and measure digital campaigns through intuitive tools and services. We have seen this unfold with “ahead of the curve clients” such as Zinio.

Zinio has been an avid customer of our analytics products and services and has applied it in a super intelligent fashion to shape their business. They don’t just sell magazine covers, Zinio sells the treasure of storytelling under the covers. Based on Webtrends analytics, Zinio is able to determine which articles are the most compelling and leverage those in their “Explore” section. Zinio allows for exploration and discovery of category-driven stories FOR FREE to complement the 5,000 titles Zinio sells. View examples here .

DN: Can you boil down your Pivot presentation to one or two key take-aways?
Genius in the Age of Enlightenment: Evan Greene, CMO, of The Recording Academy (The GRAMMYs) and Jeanniey Mullen, CMO of Zinio and VIVmag will join me to showcase creative innovation within social programs in music, fashion and publishing.

Key take-aways from our presentation at Pivot will include:

  • Don’t let the tools get in your way
  • Dive back into the art of marketing with jaw dropping concepts and creative
  • And a unified analytics approach to new creative and outreach is critical to ROI on digital

DN: Finally, among the trends I’m tracking are complexity (for marketers) and data-overload (for consumers). Can you comment on these?
Tackling complexity in analytics was another major achievements in 2011. We developed the only unified analytics offering in the industry. Webtrends Analytics 10 allows brands to measure effectiveness across their mobile, social and web properties, and see these measurements integrated in an easy to understand dashboard. It was a major step forward for our industry.

CMO Insights: Mobile Advertising and the Fifth P

I caught up with Jeffrey Hayzlett at The CMO Club Summit in LA and look forward to hearing him speak next week in NYC at Pivot. He is a highly engaging speak with strong and clear points-of-view.  In the interview below, Jeff discusses his next book, the growing impact of mobile advertising and adds a 5th P to the old marketing pillars: product, price, place, promotion.

DN: As 2011 winds down, are you thinking “good riddance” or “darn I’ll miss it?”
2011 was a great year for my company and me, personally. I spoke all over the world, Australia, all over the US and met some great people and great companies. Yahoo!, Microsoft, Google and MGM were just a few of my favorites. My book, “The Mirror Test” was released in paperback. And I just became celebrity editor of the largest circulation magazine in the world, “Tweeting & Business”, coming out this month. It’s been a great year. I tend never to look back, just move forward and go!

DN: Looking back at 2011, what new things did you try?
I’m always open to trying new things; I love to take risks. But I also think it’s important to continue to examine your company inside and out, drive change and make tough decisions. It’s exactly about what I wrote in “The Mirror Test”.

DN: What else happened for you in 2011?
I wrote another book this year and it will be coming out in January. It’s called Running the Gauntlet: Essential Business Lessons to Lead, Drive Change and Grow Profits. Gauntlet takes the concepts from The Mirror Test to the next level. I’m really proud of the book. We included some amazing new interactive elements as well that will make the book unique.

DN: Is the current economic uncertainty effecting your plans for 2012 and if so how?
Overall it’s not, I’m driving change and continuing forward. You have to. I have to take my company and my plans and move forward—whether I succeed or fail is up to me. I don’t look at the economy and let that stop or influence anything I want to do.

DN: Looking ahead to 2012, are there some emerging trends that you hope to capitalize upon?
Mobile advertising is growing fast than anyone–Google or Yahoo! included–predicted. As a marketer I would have a plan in place for mobile campaigns. And social media continues to evolve. Video is surpassing the written word online. I’ve tape many of my blogs as video as well.

DN: Can you boil down your Pivot presentation to one or two key insights or thought-provoking take-aways?
I’m fortunate to be on a panel with Gayle Weiswasser, the Vice President of Social Media Communications at Discovery Communications. We’ll be talking about the traditional 4Ps of marketing. But with a spin. The four P’s aren’t going away, but they have been joined by a powerful 5th P — the social element — people. Since it’s a panel, you never know which direction the conversation will go–which I love.

However, key points I usually work into any conversation about marketing and social media are: Never, ever discount the Power of One. Just one follower, whether they are an evangelist or a critic, will tell their friends and followers. Don’t ignore the critics. The recent incident with GASP in Australia is an excellent lesson on how NOT to do it. I call the ROI of social media “return on ignoring”. You can’t ignore the comments–positive or negative. Feedback from your customers is critical; in the past I’ve used that feedback to develop new features and products customers loved and bought like crazy. As marketers it’s critical we really listen and respond. That creates brand ambassadors for your company.

CMO Insights: The CMO Club Summit

Probably nobody in the world talks to more CMO’s than Pete Krainik, founder of The CMO Club.  I caught up with Pete last week after The CMO Club Summit in New York City and asked him for the inside scoop on CMO’s and social media.  Here’s our Q&A:

DN: There was a lot of conversation at The CMO Club Summit about social media.  Why do you think this is the case?
CMOs care about customer engagement and having a reason and vehicle for listening, having a conversation, and sharing their Brands.  Social media is simply the best way, for many brands to do this.  Every Brand has different products/services and customers so the conversation’s centered on new and game changing ideas they can build on for their industry, customer base and products.

The other big reason is about marketing mix optimization.  Every dollar and resource focused correctly is worth significantly more than before. More targets, more marketing vehicles results in more interest in getting it right.

DN: Do you expect this conversation to grow over the next 12 months or are CMOs approaching Social Media fatigue?
The conversation will grow but move from social media to social marketing and social branding.   I’ve noticed within The CMO CLUB that more and more 1-1 conversations with CMOs to think through synergies for sharing resources together.  Moving from company specific apps, communities, programs to a community of Brands approach.  Very interesting times ahead.

DN: The CMO’s at the event seemed to be at various stages of the adoption curve when it comes to social media, why do you think that is the case?
A number of reasons.  For larger, more technical B2B Brands, a smaller number of customers are leveraging social media so the call to action and priority is different than for B2C Retailers and CPG companies.  Also some companies focus on innovation leadership while others are fast followers, etc.  Finally global companies have issues of rollout and priority by region, product lines, etc.

DN: What role does social media play in the marketing of the CMO club?
Given the club is an exclusive “heads of marketing only” community with the mission of facilitating the world’s best CMO conversations, Social media has been the single more important vehicle for the growth of membership. Two out of every 3 new members in the club come from referrals and recommendations from heads of marketing in the club.

We not only use social media for communicating new posts and events from members, but the members only site itself is a community site vs. website. Everything from member blog posts, member Q/A, New CMO jobs on the market, vendor rating programs, plus content in the CMO CLUB Thought Leadership Library is contributed from members.  Social media is used to share member insights, build subgroups of interests, and listen to members.

Our weekly poll question of members has gone from 75 to 150 members per week responding, then sharing and discussing results. The value of the club is to help CMOs connect with peers, share insights, and stay sharp and competitive as heads of marketing.  Social media and our social community platform is the catalyst to make it happen.

DN: Pete closed by noting that the October 2011 CMO Club Summit in Los Angeles will have a large section focused on “CMO worthy” innovations in social media.

Breaking Down the Social Media Fences

When part of my garden fence fell down this week, my dog was delighted, my neighbor exposed, my wife mortified and my impatiens completely flattened. After spending a couple of hours jerry-rigging the crumbling wood back into place, I realized this experience was a convenient if not appropriate metaphor for the challenge marketers face in dealing with social media within their organizations.

Like a dog with a bone, consumers are thrilled with the tumbling divide between themselves and the brands they choose to engage with. Unfortunately big companies do not necessarily share this enthusiasm, treating social media as yet another channel to be managed by an existing department like marketing or corporate communications and in doing so limiting the opportunity for a truly new approach.

In fact, in a recent poll conducted by The CMO Club, a whopping 62% of CMO’s said their department leads social media. Added one of the polled CMO’s, “social networks are about engaging customers ands stakeholders so Marketing has that responsibility.” Pete Krainik, founder of The CMO Club, explained that, “marketing departments have a more strategic view of the business, customer trends and upcoming programs,” and therefore should be leading social media initiatives.

In this same survey, CMO’s acknowledged that just over 1 in 5 companies have PR/Corporate Communications leading social media. But this may be a vestige of the early days of social media. Explained one of the polled CMO’s, “responsibility started in PR/Corporate Communications but we quickly moved it to the Marketing department as community marketing became more and more important to us.” (Hmm, can’t help but think a Corp Comm head might see these as “fighting words.”)

And despite the fact the Social Media is a fence-busting hydra touching just about every aspect of a company’s business, only 11% of the CMO’s surveyed said that social media was lead by a cross-functional team. When I asked Catherine Davis, the former SVP of Marketing at Diageo about this, she explained, “Cross department collaboration can be quite complicated, particularly with new disciplines like social media.”

Complicated or not, Josh Karpf, Senior Manager of Digital Media Communications at PepsiCo, professed that “everyone has a role, marketing, communications, HR and you need a variety of skill sets from customer service to insights to editorial strategy.” Added Karpf, “you likely won’t be able to find all those experts in one function within a company.” So, while Robert Frost’s proverb “good fences make good neighbors” may be true in real life, it is not necessarily the ideal approach to dealing with social media.

Like my mortified wife, companies are less than thrilled by the collapsing fences between brand and consumer, and many are jerry-rigging solutions while they figure out a long-term plan. Noted Dan Greenfield of Bernaise Source Consulting, “PR and marketing pros seem a little conflicted; few deny the value of integrating sales, customer service and community moderation teams when building a modern day engagement strategy but most lack a clear sense of how to do it.” (Greenfield will be addressing this challenge head-on at the upcoming PR+MKTG Camp.)

And while there is little hope of recovery for my flattened impatiens, a flattened organizational structure may be just the trick for companies seeking to truly engage with consumers via social media. PepsiCo’s Karpf instructed, “it’s really about process and clearly defined roles, so the trick is finding the right team and a cohesiveness that allows the process to move forward.” Confirmed Davis, “I have always found it helpful to establish joint objectives with clearly defined roles and responsibilities.”

Instead of plopping social media into a pre-existing department structure, this author can’t help but wonder why more companies aren’t trying a new and highly collaborative approach. Despite the inherent challenges of cross-departmental collaboration, if ever there were a time to try something new, this would be it. Social media simply touches too many disciplines from customer service to PR, human resources to marketing, recruiting to sales, to rationalize keeping the old departmental fences in place. (Note: this article first appeared on MediaPost.com).