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The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 1
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 2
WARNING: This eBook is for your personal use only. You may NOT Give
Away, Share Or Resell This Intellectual Property In Any Way.
All Rights Reserved Copyright © 2010 – Pete DiSantis & Better by Ten Productions. All rights are reserved. You may not distribute this report in any way. You may not sell it nor reprint any part of it without written consent from the author, except for the inclusion of brief quotations in a review.
Disclaimer We are not affiliated with any of the Trademarked Brand names in this eBook. All trademarks
are the property of their owners. This eBook is NOT legal or accounting advice. You need to do
your own due-diligence to determine if the content of this report is right for YOUR business.
Any projections or numbers are for examples only. No earnings claims are being made
anywhere in this eBook or in the marketing of this eBook. The publisher of this eBook is not
liable for any damages or losses associated with the content in this eBook.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 3
Dedication:
To BizEnrich Members Without their spirit and deep thoughts, this eBook might not have ever been written. To Biznik Members
Without the dedication to a vision of collaboration, thoughts would be limited and action less possible. Our many thanks to both these communities who prove:
Knowledge Empowers so Learn & Teach ™
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 4
Want Expert Help? Sometimes hard work by itself is not enough. You want someone to show you exactly what to do first, second and third for creating a search and rescue plan for your profit. If you want to put your business on the fast track to increase profits, you can with one-on-one guidance from Pete DiSantis. Occasionally, Pete has room in his schedule to accept new clients. Discover exactly how you can achieve results other clients of Pete‟s have experienced. Connect with Pete at this link: www.petedisantis.com
“As an Efficiency & Effectiveness Expert and a Certified Management Consultant, my mission is the search and rescue of your profit. Process improvement is the key to your success along with the organizational and leadership training on the new processes.
My focus is helping your business run more simply and with more ease for you. I can streamline your operations so it runs smoothly with results-oriented process improvement directly and immediately effecting your bottom line.
I love to shine a light into the dark places, revealing the „Ah-ha! There's the problem.‟ “
Pete DiSantis
Phone = 425-440-8348
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 5
Want Expert Help?
With the top of mind philosophy that Knowledge Empowers so Learn & Teach TM and my favorite method to do so is to make them SMink = Smile & Think at the Same Time. TM each day brings another opportunity to help those in need get it done and have some fun finding their way to their own paradise.
I do this as a business success guide, writer and speaker.
With 30 years of experience growing sales and building teams, with hat in hand as a self
proclaimed Professor of Magic Marketing, holding an Inbound Marketing Certification and Hubspot Certification, I stay ready to help you, the entrepreneur or business owner, "Boost Sales and Build Teams" with the latest technology and tools available, the Internet and social media.
They say I am inspirational, crazy, a genius and too outside the box. Regardless of it all, each day I get to say "Getting it Done and Having Fun" and will help you do the same.
www.michaelhartzell.com/
1-877-759-6730
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 6
Contents
Introduction ..................................................................................................................................... 9
Longevity ...................................................................................................................................... 9
Usefulness .................................................................................................................................. 11
ROI .............................................................................................................................................. 12
Summary .................................................................................................................................. 13
Thoughts and a Story: ................................................................................................................. 14
Story about Bob and John: ..................................................................................................... 14
Return On Investment - ROI ........................................................................................................... 16
Why do you believe social media is important to a business? ...................................................... 17
The social media tools seem to grow daily. With so many options, how can someone in business
possibly track all the various websites and logins? ....................................................................... 22
How can anyone have enough time to interact via the social media tools or have enough time to
create content? .............................................................................................................................. 24
How can you know what to write about? How does someone know what is the best content? 26
Who is relevant and what is relevant and how can you find out? How does a business owner or
CEO know how to prioritize? ......................................................................................................... 29
Many view social media as simply an expense with no apparent revenue stream for the time and
effort invested. Without income, there is no value. How do you respond to this? .................... 31
Which social media tools are the most advantageous? ................................................................ 37
Here is a review of the characteristics: ...................................................................................... 37
Here is a list of where people are spending time online ........................................................... 38
Blog ............................................................................................................................................ 38
Facebook .................................................................................................................................... 38
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 7
LinkedIn ...................................................................................................................................... 39
Twitter ........................................................................................................................................ 39
YouTube ..................................................................................................................................... 39
Texting ........................................................................................................................................ 40
Biznik .......................................................................................................................................... 40
How do you build real relationships with social media when it appears the contrary is true? .... 43
Is social media helpful to those who rely primarily on connecting with decision makers (lead
generation)? ................................................................................................................................... 47
Can social media have measurable ROI? If so, how and why? ..................................................... 51
What type of strategy do you recommend when using social media tools? ................................ 55
How is social media effective for business?................................................................................... 59
How long does it take to know if social media marketing is helpful, effective and making an
impact? ........................................................................................................................................... 61
Conclusion by Pete DiSantis CMC: ....................................................................................... 63
How does this apply to social media marketing? ...................................................................... 64
Plan ............................................................................................................................................. 64
Let’s start with the “Why ........................................................................................................... 64
Now the “What”: ....................................................................................................................... 64
Review the social media map below. ......................................................................................... 65
“Who”: ....................................................................................................................................... 66
“When”: ..................................................................................................................................... 66
“Where”: .................................................................................................................................... 66
“How”: ........................................................................................................................................ 66
Do .............................................................................................................................................. 66
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 8
Check ........................................................................................................................................ 67
Act ............................................................................................................................................. 67
Summary .................................................................................................................................. 67
Resources to help you further: ...................................................................................................... 68
Glossary: ......................................................................................................................................... 70
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 9
Introduction – by Pete DiSantis CMC I think it is fair to say, at this point of its short history, that social media is
misunderstood. Opinions survive on either side of the spectrum. The crevasse exists
between the early and the late adopters; just like it does with any breakthrough in
technology. A computer story is illustrated within that is parallel to changes brought by
the introduction of the airplane, automobile, and even telephone before that.
The difference of opinion is based on many fears: the longevity and persistence in the
market, the usefulness and, not least of all, is the return on investment (ROI) of both
time and money.
Longevity
I am an early adopter and novice at this emerging technology of social media and by all
indications it will endure. Maybe not in its present form; certainly the plane, car and
phone have changed frequently since their inception.
Let the numbers speak. As of July 10, 2010, the following social media changes occur
every 59 seconds:
From Techtified.com: Social Media is a like nuclear explosion these days. High
speedIinternet reach increases everyday and more people use internet. Facebook users
increase everyday, Twitter registers 18 million new users every year, and Google wave is
on the horizon. Everyday bloggers publish about 900,000 blog posts on thousands of
blogs around the web, or 700 million photos are uploaded on servers by 75 million users
of Flickr. Based on a research carried out by Gary, a social media counter was designed
to get a measure of this enormous growth.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 10
This counter clearly shows the insane growth rate of social media.
Figure 1: Source - http://www.techtified.com/2009/10/growth-of-social-media-in-real-time-hard-data/
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 11
Have you ever seen such explosive growth?
I suspect with development and acceptance, the growth of this market is accelerating. In
the future, changes viewed in 60 second increments may reveal even higher numbers.
Someone is making money at this. Why not you?
A recent study looks at the depth of involvement in social media of the top 100 global
brands. The highest ranking company was Starbucks with Dell ranked #2. They believe
it will last.
Social media will continue to grow. It is producing new advocates, users and neophytes
daily. You are next.
Usefulness
What do I do with social media? How useful is it? If I knew how to use it, I might be
able to figure out how to make money at it. Social media is a method to communicate
with people. You could say the same for oratory or the telephone. The specific tools like
Facebook, Twitter, et al, may fade like dot coms a decade ago, but the digital technique
to communicate with a network of people simultaneously will not go away. Similarly,
the Internet did not go away after the dot bomb era.
Social media may continue to maintain the stigma of being playtime. Social does not
sound like business. It sounds like “party”. It sounds like fun and NOT work. Granted,
the early, early adopters were compelled to broadcast their breakfast menu or other
mundane minutiae. The serious ones have moved on. I assure you. They understand
the impact of their broad network for friends and followers. They have figured out how
to tap their digital pen pals and how to make money at it. Will you?
So, what is it good for?
Social media is an alternative to mass media. If you love junk (e- or snail) mail, pop-up
ads on your PC and television commercials, stop reading. This will make no sense to
you. Bear in mind, most consumers do not like nor trust mass media.
I have heard it said that social media is a listening device. Consumers are broadcasting,
through social media, their likes and dislikes as well as their questions and opinions.
Who is listening? Do you hear what your customers are saying? Starbucks and Dell find
it useful.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 12
From the article “A penny for your thoughts: When customers don't complain”,
published September 27, 2006 in [email protected]. Carey:
When it comes to consumer contentment, managers and executives should not mistake silence for satisfaction.
In fact, just the opposite is true: Most unhappy customers never say a word; they just take their business elsewhere.
On average, dissatisfied customers tell 11 other people their bad story and they may not
tell you. Two out of ten customers will voice their story in the form of a complaint.
Visualize an iceberg. The complaints you hear are just the tip.
On the other hand, the average satisfied customer will tell 3 to 4 other people about their
good (to great) experience. And once again, they may not tell you.
So who is listening to your satisfied and dissatisfied customers, if it‟s not you? You
guessed it, their broad network of friends and followers (F&F) and then their F&F and so
on and so on. And the opinion of strangers in their F&F network weighs much more
heavily than the pronouncements of mass media. Any great relationship, commercial or
otherwise, requires listening first, selling second. I think Dale Carnegie said that.
Marketers have long marveled at the power and impact of word of mouth marketing
over traditional mass marketing. WOM, the new
acronym for “word of mouth” is the power of social
media. THAT‟S what it is good for!
Social media can also be compared to a digital
billboard or road sign. It can be used to engage your
next client and direct them to you for answers. It‟s a
gentle conversation starter, NOT a close!
Social media is a means and a tool to build your brand, reputation and increase
awareness of who you are, what you do, what you stand for, and what you care about;
your CORE values.
ROI
You may have a marketing budget and know exactly how many people you reach. You
can determine the ROI on your current marketing budget. However, you still cannot tell
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 13
what WOM benefit is gained from that budget. Nor are you aware of the damage to
your brand caused by your dissatisfied customers. Remember the iceberg?
If you heard your customers‟ complaints, wouldn‟t you endeavor to remedy the
situation? Of course you would, because you know it costs more to get a new customer
than to keep an old one. How much does all this cost? Have you looked at your
statistics? From "Leading on the Edge of Chaos", Emmett C. Murphy and Mark A.
Murphy:
1. Acquiring new customers can cost five times more than satisfying and retaining current customers.
2. A 2% increase in customer retention has the same effect on profits as cutting costs by 10%.
3. The average company loses 10% of its customers each year.
4. A 5% reduction in customer defection rate can increase profits by 25-125%, depending on the industry.
5. The customer profitability rate tends to increase over the life of a retained customer.
ROI on social media may not even be a fair question. You cannot measure your WOM marketing now.
Summary
Social media is not going away, so do something. You don‟t have to do it all. But you
must start somewhere or you risk being left behind as your customers become more
dependent on social media. Learn to use and master one of the many tools.
You cannot out-spend your competition, or out-think them, or out-hire them. Your only
advantage is to learn and implement faster than your competition. The famous
management consultant Peter Drucker said, “You don‟t have to change – survival is
optional.”
More Drucker-isms:
"Wherever you see a successful business, someone once made a courageous decision."
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 14
Thoughts and a Story:
The reality is that business success demands measurements. Without measures,
decision making becomes a guessing game and
gamble.
“Test and measure,” “test and measure”, remain a
mantra in all marketing activities, even in the new 21st
culture of interactive social media. Return on
investment is the first measurement a business
owner or CEO will ask about and until this can be
estimated, how can a company assign assets or
manpower?
To not have an outcome or benefit determined
prior to investing time and money is contrary to the teachings of people such as Jay
Conrad Levinson, Peter Drucker and other experts.
Story about Bob and John:
Fade in …….
Bob rushes in with a big box and sets it down on John‟s desk. The year was 1985.
I remember this day well since it was just before the holidays and everyone was
hearing a lot about this thing called “Atari”. (25 years later the dominate movers
and shakers would have been about 5 years old.)
Bob: “I got one on sale, John. Things are going to
happen now!”
John: “What‟s that, Bob? What is such a big deal?”
Bob: “It is just what we need. They call it a
„computer‟ and we can use it do stuff we already
do.”
John: “We are doing OK now. Everyone knows
what they are supposed to do and we have a
routine that seems to work.”
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 15
Bob: “Yes, but wouldn‟t it be great to do more even faster? I heard the
competition just bought one.”
John: “I heard the competition just bought a computer as well. It is tough to
believe they are going to do better than us because they have this new
computer.”
John: “How much did it cost, Bob? You haven‟t told me how much of OUR hard
earned money you spent on this new contraption.” (They used to call things
contraptions back then.)
Bob: “Well… It was on sale” John: “Yes?” Bob: “… and they guaranteed it for
60 days not to break.” John: “Yes? … how much?”
Bob: “OK. It was only $2000. But I promise that this will really help business.
Even though I haven‟t seen one work yet, I am not trained on it, and it is brand
new, I know it will help.”
John: “Bob, Bob, Bob… You know what I am going to ask next, don‟t you?”
Bob: “Yes, John”
John: “What is the ROI on this newfangled thing you just paid $2000 for?”
Fade out……
We know the rest of the story of course. The computer is the backbone for efficiency,
teamwork, communication and creativity. The conversation between Bob and John is
much like many of the conversations heard way back then. I was there. As odd as it
may sound, hesitation, doubt, wonder and perplexity were in the room when discussing
the computer. “Is it worth the money?” was a question asked by small business owners.
Only a minority of people jumped on board and bought a computer to improve their
business. More people were more interested in buying gaming computers for fun and
leisure.
What is the ROI of a computer? Answer: It depends.
What is the ROI of a telephone? It depends.
What is the ROI on this eBook? Once you have finished reading it, I estimate a
conservative 1000%.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 16
To gain a better appreciation for how a business owner or CEO might benefit from social
media tools, we have asked Inbound Marketing Professor Michael Hartzell a series of
questions related to social media and Inbound Marketing. The goal is to combine the
traditional business thought processes and the new social media tools.
We will take about 12 of the most common questions a business owner or CEO is
interested in. This is meant to be a fast read and nudge your paradigm a bit, offer the
essential tools and jumpstart those who are ready to reach into the social media arena.
Just as the computer was not the answer to Bob and John‟s problems, social media is not
the final solution. Just as the computer became a tool that improved performance, we
will consider if the new social media platforms are not similar to the scenario in 1985.
Return On Investment - ROI
What Does Return On Investment - ROI Mean?
A performance measure used to evaluate the efficiency of an investment or to
compare the efficiency of a number of different investments. To calculate ROI,
the benefit (return) of an investment is divided by the cost of the investment;
the result is expressed as a percentage or a ratio.
The return on investment formula:
From: www.Investopedia.com
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 17
Pete DiSantis CMC
Why do you believe social media is important to a
business?
Michael Hartzell
It is not social media itself that is important to a business as much as the connection
with both customers and staff. As the voice of the customer becomes more powerful
and the traditional methods of marketing become less effective, social media tools allow
anyone to be a product reviewer instantaneously and have the world know whether the
experience was good or bad.
“Less effective” are words heard often when speaking of traditional marketing. Because
traditional marketing is a known and there is history, it appears to be more promising
than the new tools which, as of yet, do not have long term data.
If consumers are expanding how they interact with each other and how they find and
buy products or services, it only makes sense to also expand the ways in which a
company connects with its customers.
If people spend more time reading blogs, using search engines and rely more heavily on
Facebook, LinkedIn or Twitter to interact with each other and less time with email or
newspapers, no rocket science is needed to say, “Hang out where the buyer hangs out.”
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 18
Statistics are spouted daily in the news and on the Internet about how people are
moving in different directions than even four years ago. Two billion hits a day was the
latest milestone hit by YouTube. This is double the number from only nine months ago.
Social media allows anyone to listen in a way like never before. If the social media tools
and alert systems were considered no less than a listening post to improve decision
making and test marketing tactics, the saving in trial and error may be the biggest pay
off for a business without doing so much as a tweet.
Getting Found Online:
There is another reason for a business owner, manager, CEO and marketing maven to
look again at social media. The reason is “search engines”. Since there were almost 16
billion (with a B) core searches in May of 2010, you must be thinking, “When people
search, how can my business be found?”
Social media platforms and social networking may be part of the formula. A simple
local search example shows how a Biznik page (business social networking community)
is in the first position of Google. This is important to note because it is in #1 position
while my website is #2 and #3 for the same phrase. Fortunately I am a Biznik member
which increases the chance of being found for those searching by the particular phrase
and location.
If you were to take a closer look at the #2 and #3 positions in the search, both of these
are blog posts which emphasizes the importance of blogging if you want to stay in the
forefront on the Internet and get found.
Lastly, the guest blog post on www.insidehospitality.com/blog is in the #5 position on
the first page of Google in the search results. Blog + Collaboration on relevant site =
Getting Found.
If the goal is to include the social media platforms and social networking as part of the
marketing plan, this example shows how a person might take four places and dominate
a particular search term on the first page.
This is why social media and blogging quality, relevant content are so important to
Inbound Marketing.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 19
(For a smile, take a look at the link in the 7th position in the example. It is from LinkedIn (social
networking site) and the word restaurant is spelled incorrectly. Even so, Google offers it up to
you on the first page.)
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 20
Let’s take just one more example, shall we? This blog post promotes the concept of a virtual
office. An associate has a great facility with great service in the Sammamish, WA area and
would like to be found online. His point is that anyone can have a virtual office with an address
at Meadow Creek Professional Center and yet be there in name only. A business can be local
while a thousand miles away.
To give support and provide an example I blogged about his services “Office rentals in
Sammamish”. Within five days, the blog article is in the #1 position on Google when searching
for this term.
Being #1 is only one of the bricks that must be laid for the creating a road to business success
using the Internet but without that brick, no others can follow.
Take a look at how the blog post shows up in the search engine result. Remember that this has
a video, a place to comment, was tweeted and retweeted. It was also bookmarked on Delicious
and shared on Google Buzz. Did this activity on the social media sites and bookmarking have an
impact? When someone types in the search phrase, the blog post was #1. This is important to a
business because it increases the chance of being found.
(Consider the possibility of a virtual office in the Pacific Northwest with a very low
cost.)
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 21
From: SEO is Evolving Fast: Is Your Website?
What will be the impact of social media
inclusion in search?
"Will" seems a little past tense... it HAS huge impact. There is
not an SEO consultant worth his or her salt that would not list a
social media tactic as one of their top priorities for any SEO
strategy. The content goldmine of user generate content, the
viral linking of forums and blogs, and the nascent stage of
video, leads to a ton of great opportunities for the small
business to out pace the slow moving behemoths.
What is the most important thing an SMB can do to
improve organic traffic?
A Blog. Period.
Write content, have others write content and make it engaging
and relevant, then the links will come. I Can't even begin to
tell you the potential here, if you are willing to engage for a
few hours a week.
By Kirsten Knipp
Read more:
http://blog.hubspot.com/blog/tabid/6307/bid/5866/SEO-is-
Evolving-Fast-Is-Your-Website.aspx#ixzz0wEuyfmmG
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 22
Pete DiSantis CMC:
The social media tools seem to grow daily. With so many
options, how can someone in business possibly track all
the various websites and logins?
Michael Hartzell CLM
There are certainly a growing number of social media software tools and you can
count on new programmers to invent more attachments and add-ins with the hope of
making it big.
Which software tool a business owner or CEO uses depends on their own familiarity
and comfort zone but here are the more common options along with a few that are not
as well known.
The first goal is to know where your user name is currently active. Check the use
of your brand or username on 160 Social Networks: www.checkusernames.com.
Check Usernames allows you to check the availability of your brand or
username on 160 popular Social Networking and Social Bookmarking websites.
Namechk at www.namechk.com is another free choice to check usernames.
Hootsuite.com is one option as it logs into all of your accounts and tracks
everything for you in one feed. www.hootsuite.com
NutshellMail brings a summary of your social network updates to your inbox in
a single email on your schedule. www.nutshellmail.com
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 23
Atomkeep is here to solve the problem of information redundancy. Atomkeep
will keep your accounts in sync on all social networks, job boards and other sites.
www.atomkeep.com
Ping.fm The other popular option is www.ping.fm. Ping.fm has a mantra of
“post from anywhere to anywhere.” www.ping.fm
TweepML is an extensible, open standard format that allows you to manage and
share groups of Twitter users. www.tweepml.org
Both Seesmic and Tweetdeck are favorites for managing social media on the
desktop and they have expanded from Twitter to multiple social media accounts.
www.tweetdeck.com www.seesmic.com
The list goes on and on but will leave you with this one last option.
www.pixelpipe.com PixelPipe is a service where you upload photos, video, and
audio files once through the Pixelpipe Media Gateway and distribute your
content across over 100+ social networks, photo/video sites, blogs, and other
online services. www.pixelpipe.com
Flock is a consideration and is also an Internet browser that is designed to
integrate social media interaction from within the browser itself.
www.flock.com More than 800 developers along with thousands of testers,
designers, writers, and a global community of contributors make the Mozilla
Application Framework the best in the world. This award-winning engine has
been applauded for its safety, performance, and customizability. Flock does not
manage ALL social media but it provides amazing help with the most common
sites.
There is a long list of tools, videos, cheat sheets and guides at:
www.michaelhartzell.com/twitter-tips
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 24
Pete DiSantis CMC:
How can anyone have
enough time to interact via
the social media tools or have
enough time to create
content?
Michael Hartzell CLM:
The answer lies in:
1. The tools themselves which streamline and simplify social media activity.
2. A focus on purpose with a minimum of distractions.
3. An understanding that social media tools are meant to enhance and increase the
connection but not necessarily increase the amount of time.
The same question could be asked for the telephone. The choice is left up to the user as
to how much time should be devoted to phone conversations. Since the effectiveness of
the telephone is completely dependent on how useful the participants find it to be, it
may be decided that more time needs to be spent on the tools that are most effective. In
other words, you may choose to spend more time using social media tools and less time
on traditional methods which do not reap the rewards as in days of old.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 25
If you pass someone in the hall at the office and comment, “Nice tie” or possibly say a
good word at the local coffee shop about weather, these activities and conversations do
not take but a moment in time and are “on the way”. You could look at social media
tools as simply another means to have “on the way” conversations. These could occur
while you wait in line, pause between commercials, or wait for an important phone call
appointment. A business owner or CEO could be considered more efficient as those 20
or 30 minutes a day are no longer wasted, but instead are used to interact and connect
with others.
This can became a culture in a company to turn the current time waste into productive
time by connecting with customers to listen, get feedback and solve customer problems.
The biggest barrier is not in activity but in new habits and beliefs. Time is already being
wasted. Can the convenience of social media tools be the answer rather than a burden?
Return on Investment (ROI) is a measure of a
company’s profitability, equal to a fiscal year’s
income divided by equity and long-term debt;
and,
ROI measures how effectively the organization
is using its resources to generate a financial
profit.
From: www.investonwords.com
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 26
Pete DiSantis CMC:
How can you know what to write about? How does
someone know what is the best content?
Michael Hartzell CLM:
This is easier than many realize. “Did you hear about…”, “Can I show you how to…”,
“Way to go with ….” are often lead-ins to a conversation. Consider that every
conversation each day can be simply added to the stream of social media conversations.
Instead of ADDING more content, a business owner or CEO can simply magnify that
which is already being talked about.
Example: www.posterous.com accepts blog posts via email which can also be
automatically posted to YouTube, Facebook, Twitter, LinkedIn, Flickr and a multitude of
other social media sites. If a business emails current clients or customers, then that same
email could be slightly changed and sent to Posterous, which then shares it with the
world. My contention is that content is already being created, so simply redirect and
expand on how and to whom it is delivered. Everyone is in the publishing business. To
limit the content to just one set of eyes does not fully leverage the opportunity for
touching more people.
Recognition of clients, customers, staff or vendors is almost always a winner and in
doing so, a business gains more links and attention as the articles are shared with others
by those who were written about.
What NOT to do on a constant basis:
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 27
Every business has a team of bloggers, micro-bloggers and content creators on their
staff. Returning again to a tool such as Posterous, everyone and anyone can simply send
an email to create a blog post which would then be saved for review and acceptance by
the moderator.
An answer to any question that a customer or client may ask turns into a potential blog
post. Special celebrations or milestones can be shared with more than just a few.
Instead of thinking about “how to create content”, first look at the activities, discussions
and content already being created and share it on a broader scale. Even an internal
product or service review can be tailored to be more than a report sitting on the shelf.
A change in culture and paradigm will allow any business to have almost no limit to the
amount of content. Once this bridge is crossed, the real challenge will be, “There is so
much content available, which should be chosen?”
For another thought about content creation and what is best, look at those bookmarking
and social media sharing websites such as Twitter, Digg, Technorati, Stumbleupon and
others. These websites and others will show what are hot topics and what are not. A
business does not necessarily have to talk about the hot topics but if the product or
service is relevant, it is good to integrate solutions related to the news of the day.
Selling vs. Information. The next biggest challenge when deciding what content to share
will be: “sell” or “inform”? To have less than a 20 to 1 ratio with information, tips, news
and updates versus the sales invitation will seem pushy and more like advertising.
Applying the “7 Habits of Highly Effective People” principles by investing first before
withdrawing will prove to be a winner. Providing value day after day increases trust.
The cost of using social media is much lower than the traditional methods of marketing
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 28
and providing information can be done on the fly. Therefore, the opportunities to
impress your future customers with your expertise and value are exponentially
increased. The months it once took to create trust might be reduced to a week or a
month. There will be experts who advise that a 50:1 ratio or 100:1 ratio of information as
opposed to selling is the best formula for success using social media.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 29
Pete DiSantis CMC:
Who is relevant and what is relevant and how can you find
out? How does a business owner or CEO know how to
prioritize?
Michael Hartzell CLM:
The term “key words” and “key word phrases” are commonly used to reference what
words or phrases people might use to search for a business, product or service. “Long
tail key words” would simply be phrases with many words that a person might type
into the Google/Bing/Yahoo search box. “Lease contract attorney Seattle” would be an
example of a long tail key word phrase.
That being said, once a business owner or CEO knows the keywords or keyword
phrases their customers or potential customers might use to search, the same key word
phrases can be used with alert systems to find and retrieve relevant information.
“Google Alerts” is the most common which you can find at www.google.com/alerts.
Selecting key word phrases (I recommend using quotes around the phrase “ ”) will keep
anyone immediately up to date for mentions of those key words being mentioned.
www.google.com/alerts
Social Oomph is a popular tool to do the same thing but specifically for Twitter. With
this tool there is no need to search Twitter itself since the relevant information
pertaining to tweets are brought right to someone in the form of an email.
www.socialoomph.com
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 30
This can also be a way to monitor public conversations, specials or news items for the
competition.
At the very least, even without using social media tools, any business can set up alerts
for their brand, key words or names of key players (or competition). Thought: Is your
competition already doing this and responding in an aggressive way to take business
one customer at a time?
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 31
Pete DiSantis CMC:
Many view social media as simply an expense with no
apparent revenue stream for the time and effort invested.
Without income, there is no value. How do you respond to
this?
Michael Hartzell CLM:
The old man is watching the young boy tie up his new (used) boat to the pier. The
small boat has a sail of sorts and one oar is tilted and pushed between the seats.
Running up to the old man with excitement the boy says: “I have a new boat! I have a
new boat! I am going to be rich!”
The old man looks again at the faded paint and droopy sail and says: “Where is your
compass? Where are your charts? Where are your tide tables? Do you have the safety
gear and extra gasoline? Radar and a depth gauge would be good. If you plan on
eating, those new fish finders will be important to have. That old boat isn‟t going to do
you much good since it won‟t get you very far. In fact it only has one oar and the sail
will not hold a solid wind. Sorry son, I just don‟t see how you are going to be a captain
of a vessel and do any important boating with that little thing.”
The boy reaches into his still wet shorts and pulls out the most amazing pearl the old
man had ever seen.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 32
The young boy holds up his new pearl and points to a spot not too far off and says, “I
got this right over there. There are many more to be had but I needed a boat to get me
there. This boat is just right for what I need.”
In regards to growing sales:
The answer lies within the goals and the “10 Steps About I” process which is talked
about in depth at www.pushbuttontechtools.com.
The process in “10 Steps About I” basically shows the purpose or intent of each contact
and helps to evaluate which type of push button tech tool might be useful. Before value
can be shown and measures determined, what specifically will a business try to
improve? Evaluation might first begin with “Investigate” then move to the
“Introduction” and finally ends on the customer exclaiming “I Love it” to the degree
that they will share with another and become an ambassador. Gaining the advantage by
having “Ambassadors” is the difference between a good business and a thriving
successful business and is talked about in an ebook titled “10 Magic Marketing Tips”.
If a business owner can identify the weakness in their current relationship building
process, there is a good chance that a social media tool will help improve effectiveness.
Here are the “10 Steps About I” which can be used to create a relationship path.
1. Investigate – No more cold-calling. The Internet provides a database.
2. Introduce – They have to know you before they can like you.
3. Invite to talk about the possibilities.
4. Imagination; Innovation to be remarkable.
5. Illustrate to show the benefits and features.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 33
6. Illuminate to give those “a-ha” moments.
7. Invite them to buy.
8. Indebtedness - Show gratitude with a big Thanks.
9. Happiness Intact – Follow up is mandatory.
10. I Love it! - Your hear this and they become ambassadors.
For instance, take a business that connects simply with direct snail mail, telephone, and
email, with a fax here and there. Measure the performance of a person, department or
company with these basics.
Commonly you might see measurements of success based on # of contacts, # of
leads, # of follow-up calls, # of deposits by clients, # of transactions, average $ of
sale, # of long term happy customers (beyond 6 months) and # of referrals. A
calculation for cost per lead and cost per customer and a variety of other ratios
can also be included.
For a retail business location it might be # of visitors into a location, # of transactions,
transaction amount, # of compliments, # of surveys completed, # of transactions per
month or quarter, whether they use a discount and types of items purchased to name a
few.
Add to either of these: A voice to all customers. That voice is created with a click of a
button, 140 characters, a digital photograph, a video, a blog review or a review on a
travel site or even Google maps.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 34
These businesses mentioned are now being impacted more so than before because
perfect strangers who are connected from afar have influence. One frowny face or bad
mark can sway another whose name and identity they do not even know.
Sales trends are affected and since negative comments can be monitored online with
alert tools or reputation management software, every business owner can begin to create
a new database which includes # of negative comments online vs. sales trends, # of
positive comments vs. sales trends.
Add to the mix: A voice to the sales person, the manager, the customer service
representative, and the complaint department. Everyone and anyone within a company
have an opportunity to reach out to the discussion about the keywords and brand name
that is relevant to them. Anyone on the team becomes a voice of the company since
accounts can be in names other than their own.
Given the fact that the buzz can be monitored and social media tools simply feed the
database, a business can also measure its success with sales, retention and their
customers‟ happiness factor.
The ROI can be determined by which sales person, manager or location is interacting vs.
those who are not. Can a business be successful without social media? Yes. A business
that is competing will have the advantage because they have a higher speed of trust,
higher likelihood of retention, a faster sales process, more positive feedback, a
personalized quick way to solve problems now, methods to gain positive feedback with
clicks of a button and everything is done at the speed of lightning vs. the snail mail and
telephone.
Most importantly, there does not have to be a direct contact between the two people
having a conversation. One person can interact with a higher number of people for
those issues that are simply “quick fixes” where the customer does NOT want anything
more than speed and accuracy.
Once the business owner or CEO are able to review their current sales process and
integrate the social media tools into that special soft spot where the results are low,
magic can happen.
Here is an example related to costs:
For instance: Very frequently the ball is dropped after the transaction during “follow-
up”. This is not an unknown issue, in fact, everyone is well aware of it.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 35
With marginal follow-up, an increase in complaints and more refunds or discounts are
necessary. Even with a system that offers a refund as a resolution, the customer may
already be lost. What would happen when many options for giving immediate feedback
or asking for assistance via social media tools are put into place?
Creating a system for how to solve any problem when customers are unhappy will
reduce anger and also save time and money. Immediate follow up prior to bad
situations turning worse, before the perturbed turns into irate or the irate turns into
boiling, is essential. Keep a close eye on refunds, discounts and customer retention
when a company begins to advance with social media tools.
Risk:
No one wants to be “first”. While all the logic in the world and the poor results show
marginal performance with closing deals, completing transactions, complaining
customers, lengthier decision making by consumers and customers with a louder voice,
there is still the unknown of how much benefit and so “wait” becomes the operative
word.
Test here:
Target customer satisfaction first. Cost out the refunds and discounts given because of
dissatisfaction. Target to cut that number in half by simply training the current team to
interact a bit differently with each person.
Value will be seen by first analyzing the weakness of a business by its owner or CEO
and then applying new technology to reduce waste and improve satisfaction, thereby
keeping money in the till that was supposed to be there in the first place.
This is a good place to show how it may appear that social media is simply an overlap to
existing Internet communication. The question will be: Why bother? eMarketer makes
a point that email is the preferred communication method for the majority of web users.
Below is a graph and a link for you to pursue this line of thought.
How Are Email, Facebook and Twitter Audiences
Different?
While more consumers are becoming fans and followers of brands on social sites,
email remains the preferred communication method for the majority of web users.
What determines people's channel of choice, and what does it mean for marketers?
Full Article http://www.emarketer.com/Article.aspx?R=1007829
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 36
This may make any business owner or CEO pause to reflect about where to invest
marketing efforts.
Why not simply invest more into email?
Each business must do a test to find the answers. Remember, people may use social
media to talk about a business already. A bad video, negative remarks or an
unflattering photo may do harm. Understanding how people are talking about a brand
can prove valuable. There is more than one potential benefit when using social media
and the transparency of social media gives a business “listening power”.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 37
Pete DiSantis CMC:
Which social media tools are the most advantageous?
Michael Hartzell CLM:
In the old days a local businessman had sales people contacting him via the phone each
and every week. The call goes like this, “Would you like to sign up for long distance
service?” Each time he responds, “99% of my customers are local so I rarely use long
distance.”
First and foremost, be very aware of which tools your customers are using. Facebook
might be in the news but if your business caters to those who are rarely on Facebook,
then know and use the social media tools they use. (You may have to ask them.) If your
potential clients are not using any social media but rely on text messaging, it is time to
dust off your thumbs and learn how to abbreviate.
Here is a review of the characteristics:
Ease of learning - can others be trained quickly?
Support available with forum, email, telephone and chat.
Training available via forums, video and a manual.
Stable and appears to be more than a “garage” business.
Measurements are possible (visits, clicks, conversions, etc.)
Compatible with both desktop and mobile devices.
The purpose of the company providing the service is clear (not meant to
badger you with up-sells.)
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 38
We have reviewed a few tools already but will focus on those which are dominant.
Sticking with one of the social media that is already popular works into the “Be where
the customers are” concept. Think about the advantage of NOT needing to train your
staff or clients on the tools.
If you follow the principal of “be where your customers spend their time and
communicate with them in the way that is most comfortable to them,” then you need to
consider:
Over 70% of those searching online use Google. Keywords and phrases within
all social media tools can improve the chance of being found.
Here is a list of where people are spending time online.
Blog
Convenient and easy to set up and maintain.
Low cost to set up and maintain.
Offers very easy accessibility to fresh company updates.
Search engine optimized – Increases the chance of getting found
online.
Increases brand awareness.
Provides an accepted vehicle for you to make your marketing more
personal, more direct, and lets people see your ideas and personality.
Blog marketing gives people and companies a chance to break out of
the old and boring model of marketing to be more engaging,
conversational and personal.
Whether you sell to small or large companies, the end buyer is just
another person, someone like you.
Easy to use. Publish your ideas
instantly without having to
build or load a new page to
your web site.
Facebook is about building relationships.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 39
Customers can know who you really are on Facebook.
Allows a business to show off what they can do.
It is ideal for educational tips and service inquiries.
You can network easier.
It is favored by Generation X.
Facebook Fan Pages are searchable in Google and Facebook Groups can be created to improve connections.
Your professional on-line profile available
online.
Employers utilize LinkedIn.
Jobs/Recommendations can be displayed.
LinkedIn has its own job listing section
where users can post positions.
Provides networking platform among professionals.
Easily share expertise with other professionals.
More People Use it During Work.
Good for SEO.
Goes Viral Faster.
It is Easy to Recruit Customers.
It Can Propel You Faster into the Spotlight.
YouTube
2 billion views per day as of May 2010.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 40
Doubled since October of 2009
YouTube uploads and shares your videos for free.
YouTube helps you host your video rather than taking up your own
storage space.
Texting
If you are using print and traditional advertising, you can add a
mobile marketing call to action.
Text message marketing is targeted.
Text message marketing is easy to set up and start a new campaign.
The personal nature of mobile phones makes text messaging more
powerful.
Most people take their mobile phones everywhere.
People tend to read virtually every text.
Biznik
An offline and online community who believe:
o in Collaboration, Not Competition
o in People Not Professions.
o in Community.
o in Events, Not Updates.
o in Technology.
o in Free.
o that Money is a Good Thing.
o in Relationships, not Referrals.
o in Participation.
o in Giving To, Not Selling To.
o in Being Progressive.
o that building a business is hard, lonely work.
o And that spending time with some like-minded peers who
“get that you can make it a little easier, a lot less lonely, and
way more fun.”
There are hundreds more available which is why it may seem so difficult to choose.
Each has their own principles, passions and preferences.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 41
For a business owner or CEO who is interested in production vs. research and results
vs. trial and error, the best tools will be those with multi-functions built in.
You want to know:
1. Where customers and leads are.
2. When they talk about you, your brand, your competition or your keywords.
3. Who is a potential collaborator.
4. The success or failure of online communication by the staff and management.
If a business owner sets up social media as a “guerrilla marketing squad” and has
specific tasks assigned each and every day, it wouldn‟t take much time to determine
which is the most advantageous. If there is NO interaction or connection currently, then
there is more than simply a barrier to social media. It may be time to evaluate if
relationships with current or potential customers is important. Everyone says “yes” but
the culture and commitment in a company is determined by more than words, speeches
and fliers.
There is a full buffet of videos, cheat sheets, white papers and resources available at
www.michaelhartzell.com/social-media-for-small-business/. This can be a back up
resource for any company leader if they get stuck.
The most advantageous for most would probably be one of these three tools:
www.Hootsuite.com
www.Seesmic.com
www.Tweetdeck.com
Any one of these will fill a bulk of the needs which includes, searching, tracking,
organizing, commenting, and most important of all: listening. These tools will operate
on a desktop or mobile device. Which is best? Each has its own fan base and I am not
partial to any one of the three. All will get the job done. They have become so diverse
and powerful that it may take a few weeks to harness their capabilities.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 42
Hubspot offers software that focuses on creating solutions which provides a
website, blog, social media integration, analytics, keyword management and much
more. Hubspot almost eliminates the need for many of the social media support
tools.
Hubspot does not replace the social media websites such as Facebook, LinkedIn,
YouTube or Twitter but instead integrates with them to ensure success in a timely
fashion. They have a free trial and it is worth taking a look. It is thus far the best
integrated software tool for the money that I have used, and is not quite like
anything on the market today.
Hubspot software puts a business owner in a virtual cockpit which allows them to
maximize their awareness and time both as a marketer and owner.
Should Hubspot be a first choice, many of the tools mentioned within this eBook
are less necessary and “too much time” or “lack of coding expertise” are no longer
barriers to success. Hubspot is more than a software company as they offer
education and support to ensure success with such things as Social Media
Optimization and Search Engine Optimization.
SMO: Social Media Optimization: Social Media Optimization (SMO) is
the methodization of social media activity with the intent of attracting unique visitors to
website content. SMO is one of two online methods of website optimization; the other
method is search engine optimization or SEO. (See Wikipedia.)
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 43
Pete DiSantis CMC
How do you build real relationships with social media
when it appears the contrary is true?
Michael Hartzell CLM
How do you build real relationships without social media? The rules that apply
offline are the same online. Stephen Covey‟s book “7 Habits of Highly Effective People”
is still true online as well. Companies who are high pressure offline with sales
processes and continue the mindset online find themselves struggling to connect.
Second question for a business owner: Do you want to build social friendships or
business relationships? Do you want to use social media to make friends or make
money?
A business must not treat Business Social Media like Personal Social Media. The
purpose of business is NOT to create social friendships; it is meant to create friendly
business relationships.
It is also true that “Things are not always as they appear” though many believe “It‟s on
the Internet so it must be true.” Trust but verify has never been more important.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 44
With each comment, tweet, discussion, mention or sharing event there still needs to be
relevance, value, and thoughtfulness. Any time you have a communication device that
is asynchronous there will be those more interested in talking than listening. The social
media world actually helps you better understand the intent of a person more quickly.
Is the company using social media for the purpose of:
Advertising
Gossiping
Opinionating
Complaining
Celebrating
Coaching
Giving
Taking
Listening
Manipulating
Supporting
Spamming
Collaborating
Educating
Entertaining
Creating and Producing
Consulting
Counseling
Directing
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 45
Quoting
Repeating
Broadcasting
More importantly, which of the descriptions best describe the activities by any company
(including the one thinking about moving into using social media tools)?
A business must always use the tools at hand to show they are the best choice:
I again would refer back to the “10 Steps about I”. The purpose of using social media is
to improve which one of the steps?
“I can‟t seem to get anyone to listen” may mean that content is boring, dull, or
out of touch. Social Media allows for sharing video, audio and photos. Listening
and responding is the best cure rather than setting up a campaign that is only
relevant to internal company goals but not to anyone outside the company.
This could also mean that the person initiating the contact is not relevant and so
more Investigation might be needed before the Introduction is made.
I suppose you could relate the social media culture in the same way as “the 12th Player”
on the football field. The “12 Player” on the field is known as the fans in the stands,
watching on TV and listening on the radio who watch, listen, share and cheer. (Ever
notice how this number goes down when a team gets boring and begins to lose?) The
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 46
football owner and coach are very aware of how important the fans are and will go out
of their way to keep fans informed about the latest news. Consider how social media is
now a potential connection for “fans” to play a part in cheering (or booing), sharing,
watching, commenting, opinionating or sitting silently while waiting for the next big
play. In this case, the relationship is based on winning and the viewers pay money to
participate. Big winners are in the public eye and their success is shared with friends
and family. Boring and un-interesting losers are passed by.
** Note: Even the boring and un-interesting companies will find social media tools
helpful. Listening is the first and most important thing to do.
Social Networking: Social media are media for social interaction, using highly
accessible and scalable publishing techniques. Social media use web-based technologies to
transform and broadcast media monologues into social media dialogues. Andreas Kaplan
and Michael Haenlein define social media as "a group of Internet-based applications that
build on the ideological and technological foundations of Web 2.0, and that allow the
creation and exchange of user-generated content."[1] (See Wikipedia.)
Social Media: Social media are media for social interaction, using highly accessible
and scalable publishing techniques. Social media use web-based technologies to transform
and broadcast media monologues into social media dialogues. (See Wikipedia.)
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 47
Pete DiSantis CMC:
Is social media helpful to those who rely primarily on
connecting with decision makers (lead generation)?
Michael Hartzell CLM
The answer is a resounding YES.
Hubspot has proven that those companies involved with blogging and social media
have a lower cost with lead generation.
Think about the process for a moment.
Example #1
A person has a need and begins their search.
Google has over 70% of the searches so let‟s use Google.
Ignasius says, “I need a new air conditioner.” Ignasius types “buy air
conditioner” into Google. Up pops millions of results. Ignasius then refines his
search with “buy air conditioner Seattle”. Up pops fewer results. Ignasius sees
the titles 10 at a time. He clicks on the one that seems most relevant to him, most
appealing. He then lands on a page that says “Best Air Conditioner Resource in
Seattle, WA.” This turns out to be a blog post by Abe who is sharing his opinion
about the best air conditioners. Ignasius is impressed with Abe‟s knowledge and
likes how he writes. The blog is so helpful that it has already answered many of
his questions. Abe is gaining points already and no contact has even occurred.
Ignasius is under pressure because the temperature is about 90 degrees and
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 48
tempers are flaring. Sadly, it is about 7 pm. He is beside himself. He calls the
number and the recording says, “Don‟t forget you can reach us via Facebook Fan
Page or our Twitter account should you have an emergency.”
Ignasius goes to the Facebook fan page and he sees amazing things being said by
others. These people are publicly thanking Abe again and again for the
information he provides, the service he offers, and their satisfaction.
That does it; Ignasius is now convinced in about 15 minutes that Abe‟s company
is the one he trusts. He has yet to speak to a single person.
Ignasius tweets a message in public to Abe via Twitter. “@abeac I am in AC
trouble. Can you help?” Abe answers back a reply “@Ignasius Happy to help
you. We have emergency services.” “Follow me and I will DM my personal cell
number to you.”
This example is based on real stories blended together into one example. All
names and tweets are fictional.
Example #2
Ralph, a restaurant owner is about to lose his business. The contract he signed
has a problem and he operated on trust. He did not hire an attorney.
Ralph could ask his friends if they know a good attorney but it appears that
restaurant ownership does not offer the lifestyle that attracts too many friends.
Ralph works every week end. Ralph decides the phone book is not much help
since it is full of names and advertisements so he heads to the Google search
engine.
Ralph goes to the search box and after a moment of thought he types “contract
attorney for restaurant in Seattle”. He doesn‟t have time to dilly dally and he
knows exactly what he needs so he uses a „long tail keyword phrase‟.
The results from his search are numerous. As he scans the first and second pages
he sees an attorney whose description mentions “attorney”, “contracts” and
“restaurant”. He clicks and begins to review the page.
The photo is there and the contact information. There is an “about” section and
he continues looking for something to make him feel good about his decision.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 49
Because the attorney showed a sample on the blog of how she thought and
communicated, this lowered the intimidation factor. Ralph thinks to himself,
“This attorney thinks just like I would if I were an attorney. I need to talk more
with her.”
He downloads the special report that is offered to study (and shares his email
and phone number in the process). Because the blog had already sold him on
having a conversation, he completed the contact form and waited for a call the
next morning.
This happened without a phone call, without a secretary, without a paid
advertisement. The blog does not disappear next week. It is as permanent as the
attorney would like it to be. There will be questions about how high the blog
and website will stay ranked but chances are good that the pages found for the
long tail key word will remain in the top pages because it was so specific a
search.
This lead occurred as a result of being found via a longer phrase which was
specific to a need, and by a blog that talked about that particular topic.
These are two examples which come from a combination of real life scenarios. The same
will apply to almost any industry. Giving an opportunity for a potential client to sample
your knowledge and expertise by downloading a free gift, watching a video, reading a
blog, or reviewing the feedback from previous clients (which are in view for all to see)
adds tremendous power. If used correctly, this can become a tool to magnify the very
best of a business.
Researching a company via Google happens BEFORE a check is written. Even with
traditional methods of selling products or services, few will make a commitment and
write a check without searching online. Testimonials via a social network site or blog
are more powerful than an advertisement.
Remember the evolution of TV stars and how people begin to feel as if they knew the
sitcom TV stars from only 30 minutes a week and an occasional interview. Creating a
personal presence has already been proven but now is available to anyone via social
media. How a business takes advantage will depend on whether they believe defense is
more important (focus on controls) or promoting the business is more important
(everyone on staff is a participant).
This is a perfect place to pause for a moment and remember a point:
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 50
From the book Inbound Marketing by Brian Halligan and Dharmesh Shah
“It‟s Not What You Say – It‟s What Others Say About You”
If your company is like most others, you put all your web energy on your site. In
fact 75% of your focus should be on what is happening off your website about
your brand, about your industry, about your competitors, creating communities off
your site for people to connect with you and your products, and ultimately driving
people back on your site.”
Setting up a „Google Alert‟ for the names and brands of your company, your
competitors, your vendors and your clients may give insight into what the
decision makers need or are concerned about. (Or show what they should be
concerned about.)
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 51
Pete DiSantis CMC:
Can social media have measurable ROI? If so, how and
why?
Michael Hartzell CLM
Yes. Using social media can have a measurable ROI. At the beginning of this book is
the example I remember well. Bob purchased a computer and John wanted to know the
ROI. Putting tools into place which will enhance the ability to listen, teach, share,
promote, investigate, introduce, and invite (10 Steps About I) is about measuring results
before having the social media in place vs. after. Just as a “best way” marketing
campaign depends on the company goals, the skills of the team and the marketplace, so
it is with using the new social media tools.
The telephone remains my favorite example. Give a marketing minded person a
telephone and she will think in terms of promotion and creating sales. Give an
accountant a phone and she will think about how many times she can call to find out
how much money was spent (or lost) during the day. Same tool, two results.
A person with social media can reach out to 20 people and “touch them” with a „hello‟, a
shout out, a question or positive comment of support. This can be done with an email
but the social media tools personalize it even more.
Measurement: How many Unique Personal Invitations were made this week using
social media tools? How many responses to those invitations were accepted? How
many acted on the invitation and said they wanted to learn more or even buy the
product / service by completing a form or adding the item to their cart?
The Reality of ROI & Social Media Marketing What’s the point anyway?
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Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 52
In other words, how many people received a personal invitation to visit a page on a
blog, a photo, a video, a landing page, etc. and how many visitors showed up to take a
look? How many leads were created because the visitors shared their names, emails and
phone numbers? How many purchases were made?
If you adhere to the philosophy of creating 20 times the content vs. the “sales invite”
then another measurement can be related to content creation.
Before any measurement can be considered, the “what” needs to be plastered on the
wall for all to see. Everyone on the team must know to ensure focus of topic and
conversation. Once the product or service is identified and there is confirmation of
interest, then focused conversation, education and sharing can begin.
Consider these as measures of success on the way to evaluating ROI:
Monthly:
1. Blogs posts.
2. Twitter Posts.
3. Twitter mentions.
4. Facebook interaction.
5. Facebook comments from “fans”.
6. Facebook friends added.
7. Groups joined.
8. Blogs commented.
9. Comments received on blog.
10. Videos made.
11. Guest blog posts written.
12. Pages bookmarked on Digg, StumbleUpon, Reddit, Delicious, etc.
Cost for Social Media Networking Activities. $_________________ will depend on
who will follow up with the activities. Outsourcing is more expensive but less
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 53
training is needed. Reports can be generated easily and most activities are
transparent (public) which keeps the outsourced company honest. Hiring a person
specifically as a social media manager can be less expensive but the selection process
and training will be more time consuming. The last option is less expensive as it
includes changing the culture of a company and integrating the social media tools
into the daily routine. While training and controls are necessary, each person on the
staff take put a personal spin on the social media communication. There is no best
choice until more can be known about the company goals.
Note: The practice of creating specialized landing pages for each social media tool or
campaign is important in analyzing where the visitors are coming from.
These activities will result in:
1. Visitors from social media to landing pages.
2. Conversions from visitors to leads.
3. Leads to Sales.
4. Visitors to Sales.
Track total sales specifically from the visitors and leads. $______________
Note: These are specific to social media interaction and do not include other online
marketing activities such as email, newsletters, directories or press releases.
Considering activities from social media activities can vary dramatically. A smaller
company can add a couple of hours per week for 10 to 20 leads a month. A larger
company can dedicate a couple of full time social media masters which could cost
$50,000 to $100,000 annually. There is more to consider than just social media at this
level since they need to be very savvy with SEO and closed loop marketing.
Bottom line: Can a part-time person working 25 hours a month at about $20 per hour
create enough connection with social media tools to generate leads to pay for themselves
times four each and every month? The simple answer is yes but it will take a calendar, a
calculator, a schedule, software tools, a spreadsheet, leadership, support and a team
culture of communication to make it happen.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 54
Since social media activities are based on relationship marketing principles, the timeline
for success may be gradual at first. Impatience during the infant stage of a social media
marketing plan integration has a negative impact.
Possibly another question might be asked at the same time: Are the traditional methods
as effective and will they be so in the future? What is the ROI of traditional marketing
methods? If you look at the chart below from Forrester Research, Inc. then the question
is not specific to “social media” as much as it is “Of all the options, which will be
effective and offer ROI?”
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 55
Pete DiSantis CMC:
What type of strategy do you recommend when using
social media tools?
Michael Hartzell CLM
Strategy using social media tools must be interwoven within the current marketing
strategy. If you consider social media marketing tools to be used to enhance and
improve current marketing activities, the question might not be “strategy” as much as it
would be “principles” or “paradigm”.
If you removed the social media tools and encouraged each person on the staff: “With
every contact be sure to Make Their Day in some way big or small.” If you then
provided the opportunity and support for staff to do this, the likelihood of having an
impact and gaining a great reputation which was long lasting would be tough to beat.
Now that the culture of a company has such a mind-set, add the new tools of social
media. Social media marketing simply becomes more of the same. Personalized service,
great communication, and empowered staff who solve problems quickly.
Nordstrom‟s has forever and a day relied on the principles of excellence, empowering
their staff and ensuring satisfaction. Social media did not create the culture. Excellence
and communication was a priority. Now there are companies asking, “What is the
strategy?” and for them it may be to simply work more towards excellence in products,
services and communication. Social media tools where people share publicly can be the
downfall for a business otherwise. Think about the video camera that will upload to a
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 56
YouTube website in minutes which emphasizes the very bad … or possibly the very
good.
Principles include: Listen carefully; stay relevant; prove value; and respond quickly
while investing heavily in publishing, education and news. Personalize everything,
limit broadcasting, be cautious with salesy pitches, and instead make invitations.
The first step for any business is to strengthen current customer relationships. Support
them, ensure their happiness is intact and offer a place to give feedback. Start with
connecting with past and current customers first.
The goal is to convince others that to follow and do business with anyone else is second
best, and social media can support this message. The response to traditional methods of
marketing increases as social media supports the message.
The real value of social media tools is to enhance the power of those working in a
company to support the same message with each contact. The tasks to be measured can
be divided among the staff and management according to their skills and
responsibilities.
The best strategy is to add the social media current culture with a leader acting as the
quarterback and coordinating communications in tandem.
Since social media tools are designed to expand conversations and connect people
easier, allowing the tools to work as a people connecter will improve efficiencies,
develop relationships, encourage communication, increase retention and open doors for
more testimonials and referrals with a click of a button.
Marketing Sherpa has an outstanding presentation. I would refer you to watch their
video as your next best step to think about strategy more in depth. The link to
Marketing Sherpa is in the resources section at the end of the book.
Run (don‟t walk) to www.marketingsherpa.com and add their resources to your RSS
reader or newsletter inbox. This is a company that does not “fluff over” the details. It
keeps you in the know about the big picture of marketing.
From Marketing Sherpa:
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 57
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 58
Basic Steps to Creating Content on Your Blog
1. Set Goals for Blog. If your goal is to acquire new customers from social media (Facebook, Twitter, Linkedin, Biznik, MySpace, etc), then set a goal to add a minimum of 3 new blog articles per week. If you do not have the time, skill or resources for this then having a blog or social media plan will be less likely to be of benefit to you. Each blog article is a new opportunity to rank on search engines for a specific keyword phrase (and variations of that keyword) and be shared on social media networks. The more pages on your blog, the more opportunities to “get found” on search engines and in social media networks by your target audience. It is simple mathematics.
2. Keyword Research: What words or phrases are YOUR potential customers using to look for you? People are using search engines as a place to ask questions and the search engine results as answers to those questions. If you use the search engines as a listening post to help you understand what the searchers need answers to, you will think in terms of solutions, filling needs and answering questions that your prospects ask when doing research on your products or services. Identify a list of search queries (Whare are referred to as “keywords”) relevant to your product or service you would like to rank on search engines for. If you make your first list of keywords too large, it can be overwhelming, so pick your top 20 keywords you would like to rank for, and target those words when creating content on your blog.
3. Create Content! Now that you have identified minimum goals (i.e. 3 blog articles per week) and at least 20 prime keywords (or long tail keyword phrases) you would like to rank on search engines for, start writing. Focus on education and remember about the importance of emotions. Your potential customers and clients are researching problems they need to solve and want a quick solution. How does your product or service help solve that problem? The blog articles will show them how over and over again. Your expertise gives them more confidence in you and builds trust. Do not limit articles strictly about your own product or service. “Edutain” (Educate + Entertain) people on how they can solve problem on their own. As you teach others, you position your company and staff as trusted advisors and the readers will want to learn more from you, share your content on social media networks, link to you blog and become a ambassadors / advocates of your brand.
Business owners who make the commitment to content creation strategy before
jumping into social media marketing will have better success. If the goal is to
acquire new customers via the virtual world, social media marketing is an is one
distribution method for remarkable content.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 59
Pete DiSantis CMC:
How is social media effective for business?
Michael Hartzell CLM
Depending on how a business decides to wield social media here are ways it can be
more effective:
Cost savings from efficiencies with customer service.
Cost savings as a result of happy customers which can lead to less refunds.
Cost savings as marketing trial and error is reduced.
Cost savings in marketing with faster testing cycles.
Increase sales with faster speed of trust and sales cycle.
Higher response rates with offline marketing as branding awareness increases.
Leads generated from invitations via social media.
Leads generated in response to valuable content (Writing, photos, audio and
video).
Social media activities are transparent which means better accountability.
Social media tools offer measurable events.
Internal communication can improve and support “team” and efficiencies.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 60
Social Media Use in the Workplace on the Rise More workers around the globe are using social networks according to a new study from Trend Micro. The study shows this is happening while in the office and on the clock. After looking at the habits of 1,600 Internet users from the U.S., UK, Germany and Japan the survey found that over the past two years alone, social web use in the workplace has risen from 19% to 24%. In Germany specifically, social media use at work saw a 10% increase. Whether the rise is for the purpose of driving business or instead wasting valuable
companies’ time and money is yet to be determined. The distinction between the two will be
especially important to managers concerned with network security and productivity issues.
The first reaction for the companies may be to go on the defensive and attempt to put
controls in place vs. taking advantage of the opportunity of using the trend to empower each
to become publishers as a PR source.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 61
Pete DiSantis CMC:
How long does it take to know if social media marketing is
helpful, effective and making an impact?
Michael Hartzell CLM
One day. For any measurement other than sales, social media tools can be “turned on”
or set up in minutes and new “business relationships” are immediately started.
Since the first step is to connect to past and current customers, having personal feedback
which does not get filtered may offer revelations about a current product, service or staff
member. While all feedback needs to be investigated and verified, if a customer
comments about an experience that is dangerous to others, the savings could be
immediate.
For creating the leads and sales, it depends on the reputation and relationships that
already exist. If a business has issues with customer relationships, marginal service, or
poor sales processes, then social media contacts will shine a light on the negative aspects
(which I believe is a positive since to know of the problems gives opportunity to fix
them).
How well a company knows their audience and what they are interested in will be a
determining factor to whether there is any success with creating sales with social media.
(Isn‟t this true of any marketing methods?)
If a business is out to be friendly and social but not talk about the topics that are directly
related to their products or services, then people may like them but few will take action
to buy products. This may result in positive press, good community relations and make
people feel better but may not be profitable.
The Reality of ROI & Social Media Marketing What’s the point anyway?
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Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 62
There is an alternative with setting up ecommerce for Facebook. The developers have
begun to create simple tools for small businesses to add ecommerce pages to Facebook
pages. The same question exists for a Facebook page as any other website page, “How
can you attract people to the page?”
Practical eCommerce shows where to find Apps for Facebook to sell products from
within Facebook:
Voiyk
Voiyk is free for the first month of use, and $69 per year after that.
ShopTab
ShopTab users pay a flat monthly fee, starting at $10 for up to 500 products.
SortPrice
For retailers who are not Sortprice customers, fees range from $149 per month for up to
1,000 products to $400 per month for up to 50,000 products.
Shoutlet
Smaller merchants can make use of the Facebook application alone for anywhere from
$5,000 to $10,000 per year.
MyMerchStore
Zazzle, for those unfamiliar, is an online retailer that allows users to upload images and
create their own merchandise such as t-shirts or posters, or buy merchandise created by
other users.
A retailer expanding online by opening an online Fecebook store has potential to create
a presence quickly.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 63
Conclusion by Pete DiSantis CMC:
Social media marketing is a tool to reach your market, just like direct mail, except free
and better. Actually social media marketing is a whole tool box of tools. Some tools you
will use frequently; some not so much and some not at all.
So let‟s open the tool box. What do you want to do? What is the job that needs to get
done? What is the purpose for the tool? Then we‟ll figure out the right tool to use.
YOU: I need to tighten a screw.
ME: Then you need a screw driver. What kind of screw is it?
YOU: It‟s a flat head.
ME: Where are you tightening the screw?
YOU: On this wrist watch.
ME: Then you need this small jeweler‟s screwdriver and not the power driver.
YOU: Oh! Okay.
After a while, you‟ll be able to figure that out all by yourself.
How do you start?
I would recommend a four step process:
Plan, Do, Check, Act.
PDCA ("Plan-Do-Check-Act") is a four step repetitive problem-solving process. It is a
classic Total Quality Management technique introduced as the Shewhart cycle.
Although popularized by W. Edwards Deming in the 1950's, its origin reaches back to
the 17th Century. Today Six Sigma refers to it as DMAIC.
Plan: Define the problem or issue. Find the real issue, the root cause, not just the
symptomatic issues. Define what one thing impacts others? Gather the internal
subject matter experts to formulate a strategy and tactics to combat the real
issue. Define and agree upon measurable metrics as a team.
The Reality of ROI & Social Media Marketing What’s the point anyway?
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Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 64
Do: Implement the plan with focus, measurement and accountability.
Check: Verify the plan was implemented as charged. Do the metrics work? Can
you measure the improvement? Has the real problem been diminished?
Act: Analyze the gap between the Plan versus Do. Adjust the plan and the
metrics so they do the job. Then, start the (PDCA) process over again.
How does this apply to social media marketing?
Plan
Define the problem or issue. Find the real issue, the root cause, not just the symptomatic
issues. Define what one thing impacts others. Gather the internal subject matter experts
to formulate a strategy and tactics to combat the real issue. Define and agree upon
measurable metrics as a team. In your planning process ask the classic, Who, What,
When, Where, Why and How. Here are a few questions to get you started in your
planning.
Let’s start with the “Why”:
Why is this project important?
Why does it have to be done?
Why does it have to be done now?
Why will this impact the customer?
Now the “What”:
What is the purpose of this project?
What do you hope to achieve?
What would happen if it wasn‟t done?
What is working properly and shouldn‟t be changed?
What can be quantified?
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 65
Review the social media map below.
The Social Media Map by Brian Solis – Larger version HERE.
Determine what you want to do. (From the outer words.)
What is the job that needs to get done? From the colored teardrop petals, look at
the various tools available for the job you just defined.
What is the purpose of each tool? What is the function of each tool? Ask around,
investigate and research to determine how each tool works.
What tool works best for the most people?
The Reality of ROI & Social Media Marketing What’s the point anyway?
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Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 66
What tool will work best for you?
What features and benefits do you like?
“Who”:
Who is going to use the tool?
Who is going to manage it?
Who is your backup?
Who is your support person?
Who will measure the progress?
“When”:
When will you start?
When and how frequently will you evaluate progress?
“Where”:
Where will you implement this plan first? Not everywhere simultaneously.
Learn and test before implementing widely. Take small bites and phase in the
plan.
Where or what website application will you be using?
“How”:
How will you implement?
How will you phase it in?
How will the application be used?
How will the performance be measured?
How is performance of the function currently measured? What are the results?
Do
Implement the plan with focus, measurement and accountability. Do is the easy part
and not for the faint of heart. You have planned it, now do it! Work the plan, point by
point. Add detail as necessary. Keep good notes and records.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 67
Check
Verify the plan was implemented as charged. Do the metrics work? Can you measure
the improvement? Has the real problem been diminished? Check your work and check
your plan. Go through each planning step and verify the plan was implemented as it
was designed. Check your process, check your progress and check your results.
Act
Based on your findings, above in “Check”, analyze the gap between the “Plan” versus
“Do”. Adjust the plan and the metrics so they do the job.
Maybe your plan, implementation and results are all on target. Great! Move onto the
next issue or expand the implementation of the current project.
Either way, if you decide to proceed, start the (PDCA) process over again and continue
to make the necessary refinements. The PDCA cycle is endless and continuous.
Summary
You will find that social media marketing will work for you 24/7/365. It can always be
working for you. It is up to you to maximize the benefit.
Your impact can be local or global if you need it to be.
You will be able to listen to your customers. You will be able to respond more quickly to
reinforce your brand or avert disaster.
Social media marketing will help you initiate contact with your clients gracefully, by
their invitation and with their permission. They will look for you. They will find you.
You will not be interrupting them. They will be coming to you.
Done well, social media marketing will shorten the “know, like and trust” cycle. For all
the above reasons as well as the transparent and authentic nature of social media
marketing, your next client will be well informed before you meet them. They will be
well informed before the sale and you did not have to “sell” them.
Good luck.
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 68
Resources to help you further:
Peter DiSantis Consulting Associates
Creator of PDCA four step repetitive process improvement methodology
http://www.peterdisantis.com/
Marketo and Marketing Sherpa
Mapping a Social Marketing Strategy for ROI
http://www.marketo.com/demo/revenue-masters-social-roi/player.html
Business Success Guide for the Entrepreneur
Social media for small business and twitter tips http://www.michaelhartzell.com/social-media-for-small-business/
Hubspot Free Social Media Guide
http://www.hubspot.com/social-media-marketing-kit-A/
Inbound Marketing Training Inbound Marketing University Training
www.michaelhartzell.com/inbound-marketing-training
eMarketing Research and Analysis on Digital Marketing and Media
www.emarketer.com
Inbound Marketing by Brian Halligan and Dharmesh Shah
The New Rules of Marketing & PR
by David Meerman Scott
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 69
Not the End.
“It’s always your next move.”
Napoleon Hill
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 70
Glossary: API: An application programming interface (API) is an interface implemented by a software
program which enables it to interact with other software. (See Wikipedia.)
APP: Application software, also known as an application, is computer software designed to
help the user to perform singular or multiple related specific tasks. (See Wikipedia.)
Badge: A term used by Foursquare is a location-based social networking website, software
for mobile devices, and also a game. Users "check-in" at venues using a mobile website, text
messaging or a device-specific application.[1] They are then awarded points and sometimes
"badges." (See Wikipedia.) There are other social networking websites using “badges”.
Blog: A blog (a portmanteau of the term "web log")[1] is a type of website or part of a
website. Blogs are usually maintained by an individual with regular entries of commentary,
descriptions of events, or other material such as graphics or video. (See Wikipedia.)
Blogroll: Blogroll is a list of other blogs that a blogger might recommend by providing links
to them (usually in a sidebar list). (See Wikipedia.)
Bulletin Boards: A Bulletin Board System, or BBS, is a computer system running
software that allows users to connect and log in to the system using a terminal program. Once
logged in, a user can perform functions such as uploading and downloading software and data,
reading news and bulletins, and exchanging messages with other users, either through
electronic mail or in public message boards. (See Wikipedia.)
Chat: Online chat can refer to any kind of communication over the Internet, but is primarily
meant to refer to direct one-on-one chat or text-based group chat (formally also known as
synchronous conferencing), using tools such as instant messengers, Internet Relay Chat, talkers
and possibly MUDs. The expression online chat comes from the word chat which means
"informal conversation".[1]
(See Wikipedia.)
Conversion Rate: In internet marketing, conversion rate is the ratio of visitors who
convert casual content views or website visits into desired actions based on subtle or direct
requests from marketers, advertisers, and content creators. The Conversion rate is defined as
follows:
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 71
Successful conversions are interpreted differently by individual marketers, advertisers, and
content creators. (See Wikipedia.)
Crowdsourcing: Crowdsourcing is the act of outsourcing tasks, traditionally performed
by an employee or contractor, to a large group of people or community (a crowd), through an
open call. (See Wikipedia .)
Digg: Digg is a social news website. The site's cornerstone function consists of letting people
vote stories up or down, called digging and burying, respectively. (Wikipedia definition.)
Dirtworld: The Dirtworld is the world in which you live, walk, eat, work, shake hands. It is
good to remember that reality is in the dirtworld and the virtual world is not the focus of reality.
Fair Use: Fair use is a doctrine in United States copyright law that allows limited use of
copyrighted material without requiring permission from the rights holders, such as for
commentary, criticism, news reporting, research, teaching or scholarship. (See Wikipedia.)
Feed: A web feed (or news feed) is a data format used for providing users with frequently
updated content. (See Wikipedia.)
GeoTagging: Geotagging is the process of adding geographical identification metadata to
various media such as photographs, video, websites, or RSS feeds and is a form of geospatial
metadata. (See Wikipedia.)
Guest Blogger: A guest blogger is a person who blogs as a guest on your blog. Usually
they will include a link or two back to their site and include a bio at the end.
Hashtag: A tag embedded in a message posted on the Twitter microblogging service,
consisting of a word within the message prefixed with a hash sign. (See Wikipedia.)
Hosting: A web hosting service is a type of Internet hosting service that allows individuals
and organizations to make their own website accessible via the World Wide Web. (See
Wikipedia.)
Inbound Marketing: Inbound marketing is a marketing strategy that focuses on
getting found by customers. This sense is related to relationship marketing and Seth Godin's
idea of permission marketing. David Meerman Scott recommends[3] that marketers "earn their
way in" (via publishing helpful information on a blog etc.) in contrast to outbound marketing
where they used to have to "buy, beg, or bug their way in" (via paid advertisements, issuing
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 72
press releases in the hope they get picked up by the trade press, or paying commissioned sales
people, respectively). (See Wikipedia.)
Keyword: An index term, subject term, subject heading, or descriptor, in information
retrieval, is a term that captures the essence of the topic of a document. Index terms make up a
controlled vocabulary for use in bibliographic records. ... (See Wikipedia.)
Landing Page: In online marketing a landing page, sometimes known as a lead capture
page, is the page that appears when a potential customer clicks on an advertisement. The page
will usually display sales copy that is a logical extension of the advertisement or link. (See
Wikipedia.)
Lifestreaming: The term lifestream was coined by Eric Freeman and David Gelernter at
Yale University in the mid-1990s to describe "...a time-ordered stream of documents that
functions as a diary of your electronic life; every document you create and every document
other people send you is stored in your lifestream. (See Wikipedia.)
Long tail keyword: Keyword research is a practice used by search engine optimization
professionals to find and research actual search terms people enter into the search engines
when conducting a search. Long tail keywords are simply referring to many words in a phrase.
(From 2 to any length.) (See Wikipedia.)
Mashup: Mashup (digital), a digital media file containing any or all of text, graphics, audio,
video, and animation, which recombines and modifies existing digital works to create a
derivative work. (See Wikipedia.)
Metadata: Web pages often include metadata in the form of meta tags. Description and
keywords meta tags are commonly used to describe the Web page's content. Most search
engines use this data when adding pages to their search index. (See Wikipedia.)
Microblogging: Microblogging is a passive broadcast medium in the form of blogging. A
microblog differs from a traditional blog in that its content is typically much smaller, in both
actual size and aggregate file size. (See Wikipedia.)
Moblog: Mobile blogging (moblogging) is a method of publishing to a website or blog from
a mobile phone or other handheld device. A moblog helps habitual bloggers to post write-ups
directly from their phones even when on the move. (See Wikipedia.)
Myspace: MySpace is a social networking website. (See Wikipedia.)
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 73
Opensource: Open source describes practices in production and development that
promote access to the end product's source materials. (See Wikipedia .)
Paid Search Marketing: Paid search marketing is the placement of paid ads for a
business or service on a search engine results page. An advertiser pays the search engine if the
visitor clicks on the ad (pay-per-click or PPC).
Permalink: A permalink, or permanent link, is a URL that points to a specific blog or forum
entry after it has passed from the front page to the archives. (See Wikipedia .)
Platform: In computing, a platform describes some sort of hardware architecture and
software framework (including application frameworks), that allows software to run. Typical
platforms include a computer's architecture, operating system, programming languages and
related user interface (runtime libraries or graphical user interface). (See Wikipedia.)
Podcast: A podcast (or non-streamed webcast) is a series of digital media files (either audio
or video) that are released episodically and often downloaded through web syndication. (See
Wikipedia.)
Public Domain: Works are in the public domain if they are not covered by intellectual
property rights at all, if the intellectual property rights have expired,[1] and/or if the intellectual
property rights are forfeited.[2] (See Wikipedia .)
RSS: RSS (most commonly expanded as Really Simple Syndication) is a family of web feed
formats used to publish frequently updated works—such as blog entries, news headlines, audio,
and video—in a standardized format.[2] (See Wikipedia.)
Screencast: A screencast is a digital recording of computer screen output, also known as a
video screen capture, often containing audio narration. (See Wikipedia.)
SEM: Search Engine Marketing: Search engine marketing, or SEM, is a form of
Internet marketing that seeks to promote websites by increasing their visibility in search engine
result pages (SERPs) through the use of search engine optimization, paid placement, contextual
advertising, and paid inclusion.[1][2]. (See Wikipedia.)
SEO: Search Engine Optimization: Search engine optimization (SEO) is the
process of improving the visibility of a web site or a web page in search engines via the "natural"
or un-paid ("organic" or "algorithmic") search results. (See Wikipedia.)
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 74
Short Code: Short codes (also known as short numbers) are special telephone numbers,
significantly shorter than full telephone numbers, that can be used to address SMS and MMS
messages from mobile phones or fixed phones. There are two types of short codes: dialing and
messaging. (See Wikipedia.)
SMO: Social Media Optimization: Social Media Optimization (SMO) is the
methodization of social media activity with the intent of attracting unique visitors to website
content. SMO is one of two online methods of website optimization; the other method is search
engine optimization or SEO. (See Wikipedia.)
SMS: Short Message Service: Short Message Service (SMS) is the text
communication service component of phone, web or mobile communication systems, using
standardized communications protocols that allow the exchange of short text messages
between fixed line or mobile phone devices. SMS text messaging is the most widely used data
application in the world, with 2.4 billion active users, or 74% of all mobile phone subscribers.
(See Wikipedia.)
Social Bookmarking: Social bookmarking is a method for Internet users to organize,
store, manage and search for bookmarks of resources online. Unlike file sharing, the resources
themselves aren't shared, merely bookmarks that reference them. (See Wikipedia.)
Examples of popular bookmarks are:
Delicious Digg Diigo Fark reddit StumbleUpon
Social Capital: Social capital is a sociological concept, which refers to connections within
and between social networks. Though there are a variety of related definitions, which have been
described as "something of a cure-all"[1] for the problems of modern society, they tend to share
the core idea "that social networks have value. (See Wikipedia.)
Social Media: Social media are media for social interaction, using highly accessible and
scalable publishing techniques. Social media use web-based technologies to transform and
broadcast media monologues into social media dialogues. (See Wikipedia.)
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 75
Social Networking: Social media are media for social interaction, using highly
accessible and scalable publishing techniques. Social media use web-based technologies to
transform and broadcast media monologues into social media dialogues. Andreas Kaplan and
Michael Haenlein define social media as "a group of Internet-based applications that build on
the ideological and technological foundations of Web 2.0, and that allow the creation and
exchange of user-generated content."[1] (See Wikipedia.)
Social Return on Investment: Social Return on Investment, or SROI is an attempt
to measure the social and financial value created by a non profit, NGO or business. It has not
been proven to drive increased investment, but it is popular with academics and some
consultancies. (See Wikipedia.)
Social Tools: Social software tools encompass a range of software systems that allow
users to interact and share data. This computer-mediated communication has become very
popular with social sites like MySpace, Facebook and Bebo media sites like Flickr and YouTube as
well as commercial sites like Amazon.com and eBay. (See Wikipedia.)
Splogs: A spam blog, sometimes referred to by the neologism splog,[1] is a blog which the
author uses to promote affiliated websites, to increase the search engine rankings of associated
sites or to simply sell links/ads. (See Wikipedia.)
Streaming Media: Streaming media are multimedia that are constantly received by,
and normally presented to, an end-user while being delivered by a streaming provider (the term
"presented" is used in this article in a general sense that includes audio or video playback). The
name refers to the delivery method of the medium rather than to the medium itself. (See
Wikipedia.)
Tag Cloud: A tag cloud or word cloud
(or weighted list in visual design) is a visual
depiction of user-generated tags, or simply
the word content of a site, typically used to
describe the content of web sites. (See
Wikipedia.)
Tags: In online computer systems
terminology, a tag is a non-hierarchical
keyword or term assigned to a piece of information (such as an Internet bookmark, digital
image, or computer file). This kind of metadata helps describe an item and allows it to be found
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 76
again by browsing or searching. Tags are generally chosen informally and personally by the
item's creator or by its viewer, depending on the system. (See Wikipedia.)
Troll: In Internet slang, a troll is someone who posts inflammatory, extraneous, or off-topic
messages in an online community, such as an online discussion forum, chat room, or blog, with
the primary intent of provoking other users into a desired emotional response[1] or of otherwise
disrupting normal on-topic discussion.[2] (See Wikipedia.)
Tweet: Tweet is a post on Twitter, a real-time social messaging system. While all agree on
usage of tweet as a noun, people disagree on whether you “tweet” or “twitter” as a verb. RT
stands for retweet: Users add RT in a tweet if they are reposting something from another
person’s tweet. (See SocialBrite.)
Tweetup: Tweetup is an organized or impromptu gathering of people who use Twitter.
Users often include a hashtag, such as #tweetup or #sftweetup, when publicizing a local
tweetup. (See SocialBrite.)
Twitterverse: Akin to blogs and the blogosphere, the Twitterverse is simply the universe
of people who use Twitter and the conversations taking place within that sphere. (See
SocialBrite.)
UGC: User Generated Content: User-generated content (UGC), also known as
Consumer generated media (CGM) or user-created content (UCC),[1] refers to various kinds of
media content, publicly available, that are produced by end-users. (See Wikipedia.)
Videoblog: 'Video blogging, sometimes shortened to vlogging or "vidding"'[1][2][3]
(pronounced v'LOG-ing) or vidblogging[4][5] is a form of blogging for which the medium is video,[6]
and is a form of Internet television. Entries often combine embedded video or a video link with
supporting text, images, and other metadata. Entries can be recorded in one take or cut into
multiple parts. (See Wikipedia.)
Virtual World: A virtual world is a genre of online community that often takes the form
of a computer-based simulated environment, through which users can interact with one
another and use and create objects[1] (See Wikipedia.)
Web 2.0: The term "Web 2.0" is commonly associated with web applications that facilitate
interactive information sharing, interoperability, user-centered design,[1] and collaboration on
the World Wide Web. A Web 2.0 site gives its users the free choice to interact or collaborate
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 77
with each other in a social media dialogue as creators (prosumer) of user-generated content in a
virtual community, in contrast to websites where users (consumer) are limited to the passive
viewing of content that was created for them. Examples of Web 2.0 include social-networking
sites, blogs, wikis, video-sharing sites, hosted services, web applications, mashups and
folksonomies. (See Wikipedia.)
Web Analytics: Web analytics is the measurement, collection, analysis and
reporting of internet data for purposes of understanding and optimizing web usage.[1]
Web analytics is not just a tool for measuring website traffic but can be used as a tool for
business research and market research. (See Wikipedia.)
Web conferencing: Web conferencing is used to conduct live meetings, training, or
presentations via the Internet. In a web conference, each participant sits at his or her own
computer and is connected to other participants via the internet. (See Wikipedia.)
Webcasting: A webcast is a media file distributed over the Internet using streaming media
technology to distribute a single content source to many simultaneous listeners/viewers. (See
Wikipedia.)
Webinar: A webinar is a neologism to describe a specific type of web conference. It is
typically one-way,[1] from the speaker to the audience with limited audience interaction, such as
in a webcast. (See Wikipedia.)
Wi-Fi: Wi-Fi (pronounced /ˈwaɪfaɪ/) is a trademark of the Wi-Fi Alliance that manufacturers
may use to brand certified products that belong to a class of wireless local area network (WLAN)
devices based on the IEEE 802.11 standards, which is by far the most widespread WLAN class
today. A Wi-Fi enabled device such as a personal computer, video game console, mobile phone,
MP3 player or personal digital assistant can connect to the Internet when within range of a
wireless network connected to the Internet. (See Wikipedia.)
Wi-Max: WiMAX (Worldwide Interoperability for Microwave Access) is a
telecommunications protocol that provides fixed and fully mobile internet access. The current
WiMAX revision provides up to 40 Mbit/s[1][2] with the IEEE 802.16m update expected offer up to
1 Gbit/s fixed speeds. (See Wikipedia.)
Widget: In computing a web widget is a portable chunk of code that can be installed and
executed within any separate HTML-based web page by an end user without requiring
additional compilation. (See Wikipedia.)
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 78
Wiki: A wiki ( /ˈwɪki/ WIK-ee) is a website that allows the easy[1] creation and editing of any
number of interlinked web pages via a web browser using a simplified markup language or a
WYSIWYG text editor.[2][3] Wikis are typically powered by wiki software and are often used to
create collaborative wiki websites, to power community websites, for personal note taking, in
corporate intranets, and in knowledge management systems. (See Wikipedia)
More terms and definitions at :
http://socialmedia.wikispaces.com/A-Z+of+social+media
The Reality of ROI & Social Media Marketing What’s the point anyway?
By Pete DiSantis CMC & Michael Hartzell CLM
Copyright © 2010 – Pete DiSantis & Better by Ten Productions - All Rights Reserved Worldwide. 79