Monday, November 10, 2014

Multi-Platform Success with Social Media

The birth of social media flipped the world of marketing upside down, and it’s still only halfway up-right as many marketers struggle to find the right mix of traditional marketing and social media marketing that meets their company’s needs and keeps consumers connected to their brand.  According to Brian Solis, author of multiple social media books, “while businesses now have access to these rich channels, the true promise of social media lies in the direct connections between people who represent companies and the people who define markets of interest”.


·      Only half (52%) of companies say that their executives are informed, engaged, and aligned with the enterprise social strategy
·      A mere 26% of organizations self-describe as being “holistic” in their social media approach, where business functions operate against an enterprise-level vision and strategy
·      Just 17% of organizations self-described as being truly “strategic” in the execution of their social strategies

This demonstrates that many companies today are still confused when it comes to the right social media strategy for the business. Many times marketers are faced with tight budgets and strict guidelines from the C-suite to prove a positive ROI.  With C-suite concerns being elevated, marketers are under pressure to show results. Building social media campaigns take time, and fans, followers and the like must be nurtured. 

One of the key factors is first determining which social media platforms work best for your company.  In order to determine while platforms are best suited for your business you need to determine your target audience, and what social media sites they are active in the most.  Just because a site is popular doesn’t mean it is a good fit for you business!

Below is an infographic that shows some of the positive and negative aspects of different social media sites and what types of companies have success with each platform.

  



One of my favorite examples of social media success is Whole Foods.  If you are not familiar with Whole Foods Market, they were founded in Austin, Texas, when four local businesspeople decided the natural foods industry was ready for a supermarket format. Their founders were John Mackey and Renee Lawson Hardy, owners of Safer Way Natural Foods, and Craig Weller and Mark Skiles, owners of Clarksville Natural Grocery. The original Whole Foods Market opened in 1980 with a staff of only 19 people. It was an immediate success. All Whole Foods Market retail stores are "certified organic." And in addition to our more than 140 stores, Whole Foods Market has facilities and product lines that have also been "certified organic" through their own organic handling plans.  So how does an Organic Grocer use social media successfully?  Part of their success is that they found what worked best and continued to grow those smaller  “local” social media campaigns into national ones on the social media sites that worked best for them and their intended audience.

The Whole Foods Strategy:

According to one source, Whole Foods’ social media strategy is built around their company web site and 6 additional social platforms, including Twitter, Facebook, Flickr, their blog, and then the more recent additions of Foursquare and Pinterest.  One of the most unique aspects of Whole Foods’ social media campaign (Twitter in particular) is that they put a priority on the local component of their strategy. There is a community manager assigned at every store, who manages their customer engagement through multiple platform accounts. They focus on being where the customers are.  By making their content relevant, Whole Foods was able to reach their target audience in specific locations with content that was completely relevant to them at a specific point in time. According to a 2009 article on Mashable, Whole Foods encouraged all their stores to start their own Twitter accounts and tweet about events at their store and news related to that local area. They also created separate accounts for specific issues, such as one for wine and one for cheese, where the head of those departments post and interact with customers. In fact, with over 150 company Twitter accounts (in 2009) and new ones added regularly, they likely have one of the largest corporate presences on Twitter. 

Another great social media strategy take-away from Whole Foods is loosening control from the top in order to make interactions more personal and engaging. Many times companies are so worried about posting “the wrong thing” online and ending up in a PR nightmare.  Whole Foods seems to really understand that such a top-down approach does not work in the age of social media. While they encourage some basic guidelines, Whole Foods has learned that for social media to work well, whoever is managing an account needs to be authentic, allow his or her personality to come through, and have fun in the process. If management tries to exercise too much control, the account will be less likely to succeed at engaging people. This is one place where Whole Foods has activated both a content and conversation strategy in one.  They provide useful information to shoppers while keeping an open conversational dialogue.  I saw this first hand when my local Whole Foods Market (Plymouth Meeting, PA) had a bomb threat and the store closed suddenly. Throughout the situation the store manager was posting updates on social media making sure that all local Twitter followers knew exactly what was happening and also knew when the store had been cleared by the local authorities and re-opened. 

Finally, as stated earlier, Whole Foods employs the “go where your customers are” concept to their social media strategy. The goal is not just to pick one place and force customers to come to them, but to meet customers "on their home court," wherever that may be.

It is important for marketers to remember that on social media content is key. Developing the content necessary to drive social and other content marketing initiatives is just an extension of that marketing calendar.  When you have authentic content that drives conversation and sales, you can garner a winning social media strategy. Using multiple social media platforms can be a major benefit for many companies if implemented correctly.  Measuring social media engagement is one of the best ways to determine if the platforms you chose are working.  Using any of the available social media monitoring tools can be instrumental in keeping marketers ahead of the curve when it comes to explaining to C-suite executives why you are implementing a social media strategy.  Without the support from those above, it can be challenging to run a successful campaign. 



“Everything starts with recognizing that we must cater to an audience whose parts are, in fact, greater than its sum. We must partition our social strategy to engage the diversity of the social consumer and address the unique requirements and attention of each.” –Brian Solis, Engage!

Monday, November 3, 2014

Major Retailers Will Fight for Unique Visitors This Holiday Season

As the holiday season approaches many retailers are gearing up to attract customers.  As online shopping grows, major retailers like WalMart and Target are competing against online e-commerce giant Amazon.com. According to USA Today, for the first time, Wal-Mart is offering free shipping on what it considers the season's top 100 hottest gifts, from board games to items related to Disney's hit film "Frozen", starting Saturday, November 8. The move comes as rival Target began offering free shipping on all items, a program that started late October and will last through Dec. 20.  ABC News reports that Wal-Mart unveiled some of the details of its holiday strategy as it considers matching online prices from competitors such as Amazon.com, a move that could help grab more customers but could also hurt profit margins.

So what role does WalMart’s website play in all of this? Well, during November 2012, comScore Media Metrix showed Walmart.com with 55.8 million unique visitors compared to 58.5 million unique visitors during November 2011. Walmart was ranked 18th on the top 50 list both years. Meanwhile, 6th ranked Amazon.com was shown to have 116 million unique visitors in November 2012 compared to 112.8 in 2011. 

It’s important to note that retail sites had a near-monopoly on the top-gaining categories chart in November, as the entire category grew 5% to 191 million visitors – representing 87% of the total U.S. online population. Toys ranked as the fastest-growing category with a 30% increase compared to October’s to 23.9 million visitors. Toys-R-Us sites led the category with 12.4 million visitors (up 54%), followed by The LEGO Group with 3.8 million (up 34%), Disney Shopping with 2 million (up 11%), AmericanGirl.com with 1.9 million (up 60%) and Fisher Price with 1.3 million (up 28%).

If WalMart wants to compete in 2014 online, they will need to increase their unique visitors, or at least stay even with the amount of unique visitors clicking their way to rival, Amazon.com.  According to 24/7 WallStreet, no matter how many times Wal-Mart Stores Inc. retools and re-launches its Walmart.com sites, it cannot make up ground on Amazon.com Inc. The same source also reported that in July (based on comScore data), Amazon had 95.4 million unique visitors among those who visited the site on desktops. Walmart’s figure was 34.1 million. (Globally and on portable devices could make the gulf wider.) While Amazon’s sales are all from e-commerce activity, Walmart public filings show that less than 5% of its $420 billion in annual sales come from online activity. 

The game changer for all retailers lies in the hands of mobile consumers. Exactly one-third of online visitors to the sites and apps of the top 10 retailers as gauged by total monthly unique visitors only use mobile devices (smartphones and tablets) to shop those merchants online, according to new December 2013 data from web and mobile measurement firm comScore Inc.

Internet Retailer reports that Amazon.com Inc. is the No. 1 online shopping destination with 178 million monthly unique visitors—29% of those visitors only shop the e-retailer via mobile devices, comScore says. Target Corp. is the No. 4 online shopping destination with 66 million monthly unique visitors—43% of those visitors only shop the merchant online via mobile devices, comScore says.


Measuring unique visitors is not only key for retailers to determine if their e-commerce strategies are working, but it is also a great way to figure out where those visitors are coming from. When marketers and retailers can optimize the user experience, it gives consumers a better experience. When they have a better experience, they usually tend to spend more money (or at least come back).

Zappos Turns Online Videos into Click Throughs

Zappos is an online store that sells apparel and footwear. The company’s portfolio includes product categories such as shoes, clothing items, beauty products, bags and handbags, accessories, housewares, and gift cards. Zappos.com, Inc. was formerly known as Shoesite.com and changed its name to Zappos.com, Inc. in June 1999. The name comes from “Zapatos”, which means shoes in Spanish. Founded in 1999 and based in Las Vegas, Nevada, Zappos.com, Inc. operates as a subsidiary of Amazon.com Inc.

As one of the largest online retailers, Zappos is under constant pressure to keep traffic coming to their website, and clicking through different pages until they find the products they ultimately want to purchase in a quick, yet efficient manner.

 In 2011when Zappos began mass-scaling online videos and focusing on efficient key word usage, the online shoe retailer achieved superior exposure among its target audience. With a test of more than 21,000 shoe-related keywords, SundaySky (Creator of Smartvideo) found that more than 8% of these combinations brought searchers to Zappos product videos that highlighted the merchant’s offerings. According to one source, Zappos experienced an increase of more than 77,000 site visits per month after adopting video SEO, versus a previous average click-through rate for text pages. It was also reported that the value of visits based on the tested keywords and search engine marketing (SEM) traffic totaled more than $500,000 in revenue. According to DigitalSherpa, website visitors are 64% more likely to buy a product on an online retail after watching a video.

Not only is Zappos a powerhouse in using YouTube videos to drive SEO initiatives, but also the company has successfully leveraged social media (specifically Facebook) to get 85,000 visits to its website from Facebook in 2013. According to Bryan Eisenberg, a marketing ROI expert, the average conversion rate for retail is 2% to 3%, whereas Kenshoo reported that for one particular post, Zappos got a 3.5% click-through rate and a 3.4% conversion rate for a revenue per click of $4.90, which represented a 34X ROI.

The company prides itself as a top online retailer with a CEO who is active on social media himself. Their entire business lies in the hands of e-commerce and website visitors.  One of the most fascinating things about the company is that they simply continue to get better at using web analytics to grow their company. Top marketing executives at Zappos are constantly looking for new ways to adapt their strategies to gain customers and make the shopping experience better for their existing customers.

As stated in a feature article written by Forbes Magazine, “Tony Hsieh and his team built a billion dollar a year business by selling shoes online. They did it largely without spending any money on traditional media. Instead, Zappos invested back into its customers by doing the little extras. The extras included free shipping both ways, overnight shipping upgrades, a 365-day return policy and top-notch customer service.”


This exceptional customer service combined with innovative marketing have made Zappos the powerhouse company that it is today. Having a solid understanding of SEO and web analytics has only helped rocket the company past their competitors and has given customers even more reasons to visit their site and view their products.