Correlating social media with ROI… a ‘this much I know’ blog post)

Posted by: Robyn Ellson

It’s been almost a week since the end of Social Media Junction 2 and this has given me some time to digest that tricky conundrum of equating social media with a return in investment.

Business being business before investing considerable time and resource into social media I can imagine that a lot of senior executives will want to know what this will do to their bottom line, but the thing about social media ROI is that there is no hard and fast answer on what impact it will have on sales. For a start, not everyone is engaging in the social media space the right way. For example, posting tid-bits of information about your products and services on Facebook is unlikely to win you many friends (or their influence) and may even impact negatively on your business… because no one wants to associate with a tin of spam, hey? Read the rest of this entry »

#markchat round three: social media and ROI

Posted by: Alex Erasmus

We held the third #markchat yesterday, with the aforementioned topic of ‘Social Media Engagement and ROI’.

Plenty of great points, suggestions and debates appeared in the tweet stream and it really feels like we have something with huge potential on our hands. It even climbed up the trending ladder in Auckland, which is cool.

I’m going to struggle to articulate all the salient comments, but here we go… Read the rest of this entry »

Music, Social Media and PR

Posted by: Alex Erasmus

I gave a talk the other night to the NZ Music Managers Forum. Broadly speaking, it was about how music can benefit from social media. However, I tried to focus on how to engage, rather than the tools.

The overarching points I made were:

· Have a goal

· Get everyone on the same page

· Choose the platform wisely Read the rest of this entry »

Online public relations and the privacy debate

Posted by: Alex Erasmus

There have been lots of conversations recently about privacy, specifically in social media. Mark Zuckerberg, Founder and head-honcho at Facebook, got very sweaty when discussing the topic recently. If Mark Zuckerberg, one of the pioneers of the share everything world we live in is getting sweaty about ongoing privacy concerns, then perhaps we should all be worrying.

But I don’t think it’s really about privacy. It’s actually about money. And egos. Read the rest of this entry »

Mashable declares “Google’s got a monster on its hands” with Buzz

Posted by: Alex Erasmus

Social Media site Mashable asked its community what the number one reason people found themselves using Buzz (and therefore why it had gained traction so quickly). The summary?

· Easy to use

· Accessible

· Convenient

· Closer social circle

· Moves in real-time

· Engaging

While one might argue this is a list that any Social Media platform would be aiming to achieve, it’s easier said than done. Read the rest of this entry »

Using Twitter for business

Posted by: Thom James

Kipp Bodnar of the excellent Digital Capitalism blog posts about the value of Twitter for corporates. He lists 6 ways in which companies can utilise the microblogging tool. The immediacy of communication via a Tweet makes it a potentially highly effective relationship management channel, one that is more direct and inclusive than a blog. The only caveat would be that Twitter is probably not quite popular enough yet, in New Zealand at least, for its potential to truly be maximised.

Five reasons why blogging makes sense for smaller businesses

Posted by: Thom James

I spoke at an Auckland Chamber of Commerce event this week on the benefits of blogging for small to medium businesses. It really is an ideal channel for companies offering niche products and services that lack the brand presence of larger organisations. Here are five reasons why blogging is such a great tool for SMEs:

1. Cost - Access to free software such as WordPress make a blog an extremely cost-effective branding tool for companies that lack a substantial marketing budget
2. Presence - A blog site external from an organisation’s website expands its online footprint, increasing its visibility. There are a lot of poorly-optimised company websites out there, making a blog a particularly vital SEO tool
3. Personality - Blogging gives a business a means of breathing a bit of personality into its brand, conveying an authenticity that engenders loyalty and trust in consumers. Many small businesses are run by the individual(s) that started them, so why not give an outlet for the passion they have for what they do?
4. Conversation - A blog is a great opportunity to instigate conversation with a customer base. I spoke with a lady at the event who was a naturopath. A blog is an ideal communications channel for such a business, allowing it to hold conversations with customers who are seeking advice or who might have queries about natural medicines. That one-to-one relationship adds significant value to a company’s offering
5. Community - As I have noted, with many SMEs operating in niche spaces, a blog is an opportunity for them to position their brand as a community hub. For example, I spoke with a chap who sold kickboxing equipment. Setting up a blog on kickboxing would give him a platform to position himself as an expert, provide his customer base with a focal point to discuss the discipline and deliver his company with excellent brand positioning, and an avenue back to his sales channel.