Social Marketing Links: Week of 12/14/09

More gems from the bizdev, marketing and product teams here at Powered. As always, we love to share so this is just one more way we do so. Enjoy!

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Beth Lopez (marketing)
This week’s choice is the State of Interactive Agencies report by Sean Corcoran of Forrester.

Executive Summary of Report:  Although most interactive marketers would prefer to have one consolidated agency handling all of their digital needs, the ever-changing landscape requires the use of several agencies. These agencies are key to success because interactive marketers need to outsource certain skill sets, and because agencies help marketers stay ahead of the curve in a fast-changing industry. Moreover, many interactive marketers don’t trust their traditional brand agencies with interactive work. Yet the complexity of the interactive landscape is creating a fragmentation of interactive agencies, which in turn is creating a whole new set of challenges to marketers. Interactive marketers should prepare their organization for even more agency partners and educate their procurement teams on the value of these relationships.

DP Rabalais (marketing)
Although not a article, I think this is one of the most useful, practical, and measureable examples of brands using Facebook to not only engage and communicate with their customers, but also to listen to what they want.  BestBuy recently did an outstanding Voice of Customer outreach via Facebook.  They asked their Fans which vampire movies they liked the most.  Based on Fans input, Best Buy put the most popular movies on sale and promoted the sale back to their fans!

Doug Wick (bizdev)
This is a compilation of a lot of the 2010 prediction posts, including Mashable’s and Read Write Web’s. There are a lot of interesting predictions, most of them centering around brands taking a larger direct role in publishing content, mobile platforms become central to our lives, and the impact of real time information (which is significantly enhanced by mobile in terms of demand).

Bill Fanning (bizdev)
My shared post for this week comes from Brian Solis and is titled Facebook Brings Fans into Focus.  The post is a quick review of the latest features released by Facebook  making one’s Fan page portable. Essentially, Facebook has a widget that allows you to put a light version of your Fan page directly on your website, making it more than just a static site. Just another step toward fulfilling the prediction that all websites will soon be social. 

Jay MacIntosh (bizdev)
As we saw last year, big brands were experimenting with social media. According to this study by Bazaarvoice and the CMO Club, 75% of CMOs didn’t attach any revenue expectations to their social spending in 2009. Perhaps, that’s one of the factors that made a $50k a facebook or twitter experiment seem more palatable than a six figure investment in a branded online community.

According to this survey, that’s about to change big time in 2010. This year 81% of CMOs are expecting their social media investments to drive 10% of their sales. I think there’s a compelling opportunity for Powered to provide the 2009 experimenters with a social marketing strategy and execution that ultimately pulls buying customers into their .com domains (aka branded online community). Of course, we’ll use outposts like facebook, twitter, search, etc. to create awareness and invite them to the community.

Don Sedota (product)
This is an entertaining re-cap about a big agency (Saatchi & Saatchi) that recently got in over their head with a social marketing campaign for Toyota. It goes to show that there really is a difference between an interactive agency and a social marketing agency. The big mistakes; lack of authenticity and lack of involvement by the brand.

Of particular interest is the winning/controversial video (embedded) and the fact that most of the comments on the article are from the future (it’s an Australian site).

 

What about you? Have a great article you want to share alongside the Powered team’s finds? E-mail me at aaron DOT strout AT Powered DOT com or leave your idea in the comments. Just remember to include a quick description as to why you picked your link!

Back to School Podcast: Talking Future of Advertising with Simon Mainwaring

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Simon Mainwaring is an author, blogger and speaker who comes from a big agency background (Wieden Kennedy, Saatchi and Ogilvy). Not too long after we started following one another on Twitter, I began noticing that Simon’s updates contained a large dose of valuable links to articles, blog posts and research reports. Many of these reports were on the intersection of social, digital, advertising and marketing — four areas that are all crucial to day-to-day role as CMO of Powered Inc.

After featuring Simon as "Twitterer of the week" on my weekly podcast show with Jennifer Leggio, I decided to invite Simon to do a Back to School podcast with me to talk about the future of advertising. During our conversation, we discussed the following topics:

  • Advantages of social over traditional media (as summarized in his recent post on, top 10 advantages of social media over traditional).
  • Why Simon thinks social media is easier to measure than traditional media.
  • Ways traditional and social media “play nice in the sandbox?”
  • Why do you think more companies aren’t getting “social?
  • Why advertising agencies are having a difficult time "getting" it.
  • Examples of a few companies that are mixing social and traditional well.
  • A few blogs that Simon draws his inspiration from (I like the fact that this isn’t your traditional fare):

To download this podcast, right-mouse click here. If you want to hear more from Simon on "the Future of Advertising," check out this Blog Out Loud video on Youtube.

Two Questions: Netpromoter Score for Social Marketers?

The other day, my boss handed me a recent AdAge article by B.L. Ochman titled Two Questions Every Marketer Should Ask Its Social-Media Agency. He didn’t say anything but he had a smile on his face as he laid the article on my desk. The reason for the smile? B.L.’s two questions 1) Do they [the agency] walk the walk? and 2) do they have case studies were squarely in Powered’s wheelhouse when it came to prospecting for new customer

Addressing B.L.’s first question, one of my top three priorities as the CMO of Powered is "walking the walk" or getting the company to eat its own dogfood. We blog (as evidenced here and on Powered’s blog), we podcast, we engage in Twitter, etc. and not just infomercial style. We also speak at quite a few different events (social and marketing focused) and webcast. For this reason, we can feel comfortable preaching to our clients that "content is king" and that "giving before you get" has a huge impact on a client’s return on investmen

As for B.L.’s second point, we are also big believers in case studies. To that end, we’ve worked hard with our customers like Sony and HP to come up with relevant write ups spelling out methodology and results. In the cases of Sony and HP, we were fortunate enough to have our numbers validated by MarketingProfs — in the first instance via a third party interview with our client at Sony, in the second, our client at HP actually co-presesented their results (key slide below).

 

In addition to liking B.L.’s Ochman’s two questions for the reasons I spelled out above, her article also got me thinking about how these questions are in some ways the equivalent of Fred Reichheld’s now famous and widely used Net Promoter Score (NPS). If you’re not familiar with NPS, it suggests that a barometer for any company’s customer satisfaction should come down to one question i.e. "How likely is it that [your customer] would recommend [your] company to a friend or colleague?" If marketers start thinking this way when chosing a partner to help them with "social", knowing if the social media agency has in depth knowledge through practical application AND past success stories with clients seems pretty straightforwar

What do you think? Is this a good measure of a company’s social media chops? If not, what else is missing? Or do you agree with Chris Brogan who feels like companies may be missing the boat by focusing too much on case studies?