FreshNetworks Blog

When thinking about social media and how to use it for your brand, our initial reaction is often to think about the channels we can use and the conversations we can have. But using social media does not necessarily mean having a channel or joining a conversation. There can often be as much value (and sometimes even more) from listening to what others are saying. For B2B brands LinkedIn is a great example of where social media can be used as much to listen and learn as to talk and engage.

From ambassadors, to market information and even competitor research, here are three ways that LinkedIn can be a useful source for any B2B marketer.

1. Finding ambassadors for your brand

Within LinkedIn Groups and in the Questions and Answers section of the site you will find, if you look carefully, brand champions, ambassadors. People talking about your brand and recommending your product. The Questions section in particular is full of people asking for advice and information – about products and solutions. A quick search for some of your product names will uncover people who recommend you to others. A quick search for names of competitor products will uncover those who don’t recommend you but could.

Identifying these people is a first and useful step. Think next about what you can do with them and how you can build them into real Ambassadors for your brand.

2. Understanding how people talk about market issues

One useful insight for any marketer is to understand how people talk about the issues they face. Whilst they can be mixed in quality, some LinkedIn groups provide vibrant communities of people sharing links and talking about issues. Joining groups about your market and for your customers lets you see the kind of conversations they start, the language they use and how they talk to each other in a professional environment.

3. Learning about what you competitors are doing

Social media is a great way of sharing what you are doing but it is always important to think carefully about who you are sharing with. LinkedIn allows you to control who sees your connections and who you are connecting with but many people leave this as public information. This can be useful – learning who your competitors have been meeting and connecting with on LinkedIn may provide you with insight into who they are talking to and potentially even into who in the market is looking to buy similar products to the ones you have.

Of course, it’s important to think about your own privacy settings on LinkedIn as well!

It is very easy to get excited by social media. By “Likes” and “Follows”. To think about the tools you can use. To worry about creating content. To feel you must rush to be on the latest platform or site. But in all this excitement it can be easy to forget something that is more important than the tools, platforms and sites that you can make use of – the skills and expertise you need to identify, manage and grow a true online community.

When we talk about social media we are really only talking about tools that we can use to help us and the people we engage to achieve a task. To make a success in social media we need to understand online communities. For those of us who have been working in this space for many years this has long been the basis of all our work.

What is an online community?

There is a temptation to assume that all use of social media is the same – that we are ‘doing social media’. But this is just not true. There is a fundamental difference in how people behave when they are primarily in a group of actual friends (such as on Facebook) and how you interact with people not because you know them and are friends with them, but because you share a common interest (such as in a forum for fans of Arsenal football club, a site for mum chatting about nutrition in early years or a group of runners helping each other with training advice and tips as they prepare to run a marathon).

An online community is a group of people who exhibit this second behaviour. They do not necessarily know each other, and may not have any desire to become friends in that broader sense of the word. They do have a common passion, interest, concern or question. And they can find and engage with others online because of this.

Working with online communities

For most organisations looking at social media, it is only by identifying, building and engaging with online communities that they will start to get real benefit. Online communities are truly scalable because they do not rely on becoming ‘friends’ with people but mean that you (the organisation) and the rest of the community engage on topics that you all share in common. This is real engagement in a way that just amassing Likes or Follows is not.

Social media just provides the set of tools you can use to do this. But the real skill is threefold:

1. Firstly to be able to identify the community you want to engage and understand why they would engage with you. What is the passion, problem, concern, issue or question that you can connect with your community about? And why would they connect with you at all about it?
2. Then how do you find these people and help them to find you? Likes on Facebook or Followers on Twitter do not necessarily make an online community.
3. Finally how do you manage them. There is a valuable and often heated debate elsewhere about the differences between a social media manager and a community manager, but any community does need the ‘party host’ role. A community manager who facilitates conversations and activities, helps to moderate the community so that it is a productive and friendly place for all, and who acts as the link between the organisation and the online community.

With all the excitement of social media it often feels like we have forgotten what we have known for many years about online communities and the way they work and interact. For anybody looking at or working in social media a solid grounding in how online communities work and how we should work with them is essential.

A recent report has ranked the digital performance of 52 global hotel brands. The latest L2 Hotels Digital IQ Index rated brands according to the performance of their sites and use of digital marketing, mobile and social media.

The top 20 brands:

How hotel brands are using social media

Keeping things local

The study notes that 95% of the brands have both global and property Facebook pages, increasing from 73% in 2011. Twitter saw an increase from 56% to 70%. Taking a property-centric approach allows for a higher degree of relevant content to be shared and thus keep an engaged audience. An additional benefit of property-level presence comes in terms of immediate customer service and local expertise.

One brand which has been innovative for adding value with local knowledge is the The Ritz-Carlton, who have taken advantage of Foursquare to share tips from the concierge staff at 75 properties.

User reviews

Only 17% of the indexed brands offer on-site ratings and reviews. The report suggests that these sites send 39% less traffic to online-travel-agents, indicating increased confidence from customers, and presumably a lower need to navigate away to other pages for research.

Two noteworthy example of sites that feature reviews are Starwood and Four Seasons. Starwood have opted to create their own, independent reviews site, which requires a reservation code to ensure authenticity. By taking reviews in-house, the brand is able to monitor and respond to customer comments in a controlled environment.

Four Seasons have taken a different approach. Nine of the indexed brand sites link to TripAdvisor, but the Four Seasons has gone beyond by integrating reviews directly on their property pages, allowing customers to see them at a glance and without having to navigate away from the Four Seasons site.

Emerging social platforms

As for new social platforms, Google+ and Foursquare are the most popular, and offer clear value for SEO and local representation.

The visually rich nature of travel content means that there is clear scope for further use of sites such as Pinterest and Tumblr. The Four Seasons and Hotel Indigo are noted as pioneering Pinterest brands. I would expect to see further use of Instagram, yet again the Four Seasons are leading the way with property-specific accounts. I expect to see more brands joining Instagram, especially following its acquisition by Facebook which demonstrates the importance of images in social media.

With elections in Russia already happened, those in the UK, France and the US to come there is much debate about how social media is now being used in both the electoral process, and more broadly as part of engagement between our world leaders and others on social media. Barack Obama has traditionally been held up as an example of using social media for campaigning and for engaging with people through Twitter, Facebook and other channels. But he is not the only world leader to use social media.

Whilst rankings, numbers and leagues tables only tell part of the story, it is a useful way to begin exploring and understanding how these leaders are using Twitter and which are most engaging.

World Leaders on Twitter

This ranking looks at known (and where possible verified) accounts of world leaders on Twitter. It uses PeerIndex to measure their influence and to rank them. The result for top spot is not surprising (Barack Obama), second place goes to UK Prime Minister David Cameron, and then comes the President of Colombia in third (Álvaro Uribe) and Queen Rania of Jordan on fourth. The list continues to include leaders from Venezuela, Russia, Turkey and others.

The more successful world leaders on Twitter are not necessarily those who are responding to most people, or answering most questions. In fact most of the top five are not doing this on a regular or ongoing basis (probably either because the volume the get is unrealistic, or because it is not appropriate for them to engage in most discussions). What they have got right, however, is knowing their audience and pitching their content right. There is nothing worse than following somebody on Twitter who is either boring (for example constantly pushing out press releases) or who talks about such a wide variety of things it is difficult to know if you are interested or not. These world leaders clearly have strategies for how they are using social media and a plan to engage people around content and discussions of interest to them.

This is something we can all learn from, either for our personal or business accounts. Know your audience, work out what they are interested in (and what they are not interested in) and then engage and share with them on this.

There is a concept in macroeconomics called ‘perfect information‘. In brief (and apologies for missing many details of the theory and debate for a non-specialist audience), this would say that if all consumers know all things, about all products, at all times, then they will choose the best one for them. Taken to its conclusion, this theory would say that the best products would get the highest sales; and conversely the worst products would get no sales. The best products would survive, because they are the best.

Traditionally, in any purchase, the consumer does not have perfect information at all. Buying a TV, for example, there was no way that they can know all things about all products. Their selection was immediately reduced to the ones a particular store had chosen to stock (so they were not even exposed to all products), they got most of their information from either what the manufacturer or the salesperson chooses to highlight (and so they were in control of the information that is known) and, critically, they did not know about future products that might be just about to come out. The power in this sales relationship lies with the manufacturer and the salesperson, and not the consumer.

Of course, there have been many ways that this ‘information asymmetry‘ can be rebalanced. Organisations such as Which? in the UK have long published detailed reviews and analyses of products. As competition in the market grows, consumers have access to more stores in their towns and online that stock more products for them to compare against. But they are still limited by the products they are able to find (and then buy) and in most cases by the information the manufacturers and salespeople choose to release about their product.

Social media has changed this, or at least many would say has the potential to change this. Reviews, the ability to find other people with a product, and the ability to share images, videos and discussions have flooded the market with information from consumers and for consumers. The manufacturers and salespeople have lost some of their advantage and the information asymmetry is yet again rebalanced a little.

But, will all this extra information flooding the market lead to consumers knowing about all products that exist, knowing all information about these, and having this information to hand when they want it? Will social media lead to perfect information in the consumer market?

It is tempting to claim that it will do. Tempting to claim that social media is bringing a revolution in consumer information that will put consumers on an equal footing with manufacturers, salespeople (and marketers). Tempting to claim that social media will lead to only the best products surviving in the market. But this is unlikely to be the case.

What is happening is actually confusing the picture even more than it was before. In the traditional example above, it was clear that the manufacturer and salesperson had more information than the consumer, and everybody knew that. Social media has not led to perfect information, but rather has made things less clear.

Now the consumer does have more information, that is clear and is evidenced in their changing purchasing behaviour. It is marked in some markets (notably hotels with the likes of Tripadvisor) than others, but this extra information is coming and is changing markets. However, this information is not perfect – the consumer still does not know everything about every product – social media is creating two bigger issues with this information:

1. Access to information. The real challenge with all this extra information in the market is the ability for consumers to search for, sort through and find the information they want. As more and more information is out there, tools and organisations that facilitate this will become more important and more valuable.
2. Information accuracy. The problem with many reviews and other information in social media is that there is no way that we can 100% assure its accuracy. Often this doesn’t matter – we use it to help inform a decision and use our best judgement to decide on the accuracy. But perfect information relies on the information we have about a product being accurate. As has been seen (again with many Tripadvisor reviews), this cannot be relied upon.

So social media is certainly flooding the market with information. It is definitely rebalancing the information asymmetry between the manufactures / salespeople and the consumer. And it is evidently changing consumer behaviour and making brands change and behave differently too.

But is social media leading to perfect information? No. It is muddying the waters. Perhaps the biggest danger (or advantage – depending on the point of view you are looking at this from) is that social media is leading consumers to think they have all the information and are making the best choices of the best products because of this. When in reality they may be getting closer to this state, but they are not there yet and will probably never get there.