Scott Monty

 

How to turn customers into advocates, a surprising number of people won’t take action based on TV ads, the progress of social business, WeChat is in the sites of Chinese telcos, measuring sponsorship effectiveness, the role of PR in sponsored content, the #2 concern of the C-suite and more, it’s This Week in Social Media.

Each week, I compose a newsletter for our team that includes a series of links about current events and trends in the worlds of technology, social media, mobile, communications and marketing in order to keep our wider team up to date on changes, newsworthy items and content that might be useful in their jobs. These are those links.

If you have additional links, sources or ideas that might be helpful, I'd encourage you to add some via a comment below or tag me in Google+. And if you’re on Flipboard, you can get these links in the This Week in Social Media Magazine.


Industry


Platforms

Metrics/Measurement/Big Data

  • Sponsorships are still a growing percentage of budgets growing anywhere from 3-6% in 2013 and comprising 14% of marketing budgets. But the question of b is another question entirely. 



  • As content marketing continues to gain attention, what about metrics? Because it generates awareness of the brand, product or service, inspires consumers to engage, and converts them into leads or sales, there are a number of ways to measure content marketing.

Content

  • Speaking of which - we throw the term around quite a bit and even have a section for it. But what is content marketing?
  • Happily, we can all agree that linkbait is not content marketing. But if you create something new, understand what your audience wants, know what options are available to you as resources, and play for the long haul, things should come together.
  • PR agency Edelman has released a report on sponsored content, by Steve Rubel with a focus on the role of public relations ("The PR industry will have journalistic sensibility on what makes a good story and how it fits into the earned stream, then to decide whether it merits further promotion.").
  • On his blog, CEO Richard Edelman takes a deeper dive in Sponsored Content - An Ethical Framework in which he outlines three broad principles for PR and sponsored content that align to the ethics of communications professionals: disclosure, quality and process.

Bookmarks/Read-Watch-Listen Later

  • As always, Mitch Joel has some thoughtful insights on his site. In "How to become a thought leader," he addresses what it means to be a thought leader and how one might be considered as such. It's no mean feat.
  • From Booz & Co.'s strategy+business site comes a piece on The Wise Leader, which determines that smart leadership (or cleverness, practical intelligence or savvyness) can be thought of as "business smart" and "functional smart" - and that the balance of the two is essential.

Commentary

Good companies are storytellers; great companies are story doers. Meaning that companies need to have a story and the story is connected to a larger drive to make the world a better place, which in turn is factored into how it treats employees, acts in public, makes products, etc., and it flows all the way to customers and partners, with financial results. In other words, it's important to tell the story but also to live it.

The recent craze of newsroom models and newsroom mentality at brands is more than just content creation. The process has to include more than just marketing rewrapped in a new catchphrase and cadence; it needs to be thought of and staffed like s journalistic operation, feeding into the pulse of what's happening at a company. The article above notes, "Successful strategies consolidate input from stakeholders across business arms, from revenue officers to philanthropy teams, analysts, researchers, and product marketers."

Digging beyond just the products offered for sale, it's an opportunity to find those hidden gems, those behind-the-scenes activities, individuals and processes that no one ever gets to see, or a focus on nebulous things like innovation, creativity and inspiration that may not be a pure product story.
In crafting a series of small narratives, the goal is to bring them together to comprise the overall brand story in a way that creates a relationship with customers. And it's up to paid, earned and owned channels to work together to create, share and promote those stories. When the loss of customers is the #2 concern for C-suite and board executives, it's an important assignment.


Image credit: h.koppdelaney (Flickr)



 
Top