FreshNetworks Blog

With seven in ten brands saying they plan to increase their presence across social media in 2012 (according to a recent survey by Awareness) we thought it would be a good idea to take a regular look at the current social media landscape.

So here’s a quick run down of  what we think has been hot in social media this January:

1. Farfetch.com – the future of social retail?

2012 looks set to be the year of the social online retailer. Luxury retailer farfetch.com announced that it saw a 73% rise in traffic from Facebook in the second half of 2011 and it recently raised a second round of funding to the tune of $18m.

And it’s not just luxury online retailers who are seeing the value of social. As part of its strategy to encourage social shopping, fab.com launched its live feed for members to easily check out what others are buying, liking, tweeting and sharing – all in real time.

Just 7 months since launching, fab.com already has 1.4m members – over half of which have joined as a result of social sharing, so it clearly makes business sense to encourage this channel.

2. KLM and Scandinavian Airlines encourage social flying

Following on from their popular ‘Surprise’ campaign, KLM are getting even more social by launching their ‘Meet and Seat’ campaign. The idea is that when customers book flights, they have the option of creating a public profile and then choosing who they sit next to on the plane. Romantic stuff or creepy as hell? You decide.

Scandinavian Airlines has also got in on the act by encouraging members to use their air miles by booking flights together. Their ‘Couple up, to buckle up’ campaign shared QR codes with members who had to put their phones together in order to access a unique 2 for 1 booking code.

3. Soundcloud gives Instagram a personal touch

It looks like sound hosting just got interesting with the launch of Soundcloud’s new slideshow app, ‘Story Wheel’,this month. The idea behind ‘Story Wheel’ is that members can look through their Instagram photos and record an audio description to go with them. The effect is an old-school slide-show with a personal soundtrack – you can see the founders of Soundcloud’s own version here.

Audio-hosting platform Soundcloud has grown by about 1 million members in the last couple of months and is now fully integrated with Facebook. This month, it reached a milestone of 10 million users, so diversifying their offering is a smart move to show that sound can make images that bit more personal.

With such a large audience behind them, perhaps now may be the time for brands to think about how they can use audio-hosting as part of their social media strategy.

Capital One and American Express are the top financial services brands on Facebook, according to a chart compiled by social media analytics tool socialbakers.

While Capital One’s Facebook page features within the top 150 brands on this list, and the American Express Facebook page is just outside it, the next most successful financial services brand on Facebook is US based direct banking and payment services company Discover, which charts at the 300 mark, saying a lot about the use of Facebook among global financial services brands.

In fact, this forms a large part of the reason why Capital One and American Express are the top financial services brands on Facebook  - it’s the fact that they are on and engaging with their audience in the first place.

Plus, as both brands are credit card providers they have the opportunity to engage their audience with content that is not directly related to the financial world, ie, topics  related to the deals they have secured with other travel and leisure brands for example, or discussing areas where their customers and prospects may choose to put the spend on credit cards, like holidays or cars.

Using socialbakers to dig a bit deeper into the content and engagement strategy for both Capital One and and American Express reveals some interesting results.

An overview (to the left) of both Facebook pages shows that Capital One has 125, 813 more fans than American Express, which, in the grand scheme of things of the total number of fans they both have, is not that much of  a difference.

However, looking at the  ”people talking about” and engagement rate levels is where things get interesting.

American Express has over 10 times the number of people talking about them than Capital One, and an engagement rate that is triple that of Capital One. In fact, as the chart below shows, Capital One’s “people talking about” rate seems to be consistently low, with little sign of improving:

What’s interesting to note is that American Express had a similar level of “people talking about” to Capital One until a staggered increase from 15th December 2011 onwards and then a massive peak, and then subsequent slower increase,  from 23rd January this year.

The reason for this dramatic climb was likely to be the Facebook status update that advance tickets to the 2012 NBA All-Star Jam Session were available to all American Express Cardmembers.

In actual fact, it’s status updates along these lines that are the key driver for American Express’ high engagement levels. They don’t post regularly, and in fact have only posted content 5 times since the start of 2012, but their status updates are carefully crafted to ensure maximum engagement by highlighting the benefits of being an American Express cardholder.

In the mean time, ever since early September, Capital One has let their content strategy dip completely and they have  barely posted anything since. Previously posting regular content, almost on a daily basis, has probably helped to keep their ranking quite high in the socialbakers chart, but I wonder how much longer this will be the case. Their most recent post, back in early December read:

And having not posted since suggests some kind of unresolved technical or social media management error. This is not a good post to leave hanging at the top of the feed and someone from Capital One would do well to look into resolving the issue and adding new content, rather than leaving the page hanging.

With only one financial services brand in socialbakers top 150 Facebook pages chart it will be interesting to note how many other financial services brands start engaging through Facebook, and whether they have the same success as the likes of American Express.

They’re two of the most iconic department stores in New York, but just how well are Saks Fifth Avenue and Barneys using social media? We used Social Bakers to take a look at these two US retail giants and see whether they are making the most of their brands online.

Despite being a mere ten minute walk down the street from each other, Barneys and Saks are already miles apart when it comes to Facebook fans. Whilst Saks has a healthy 288,000 fans, Barney’s has almost half with 162,000.

But as we all know, it’s not just about how many ‘likes’ you’ve got but what you do with them that counts. In the battle of the department stores, who is really engaging with their customers in social media?

If we take a look at the ‘talking about this’ numbers for the two pages, Barney’s has 3,610 whilst Saks has 3,607, despite the greater number of fans. This suggests that Barneys must have a well thought-out content strategy which engages its audience much more effectively than Saks.

So what is this content strategy and how could Saks learn from it?

Think about when you post your content

First of all, looking at the data from Social Bakers, Barneys gets its best rate of engagement between 8-9am in the morning, whereas Saks gets a good (but not as high) rate around lunchtime.

Barneys also has a nice increase in engagement at around 9pm, whereas engagement on the Saks page has generally tailed off by this time.

This suggests that Barneys are making the most of those pre- and post-work Facebookers by posting earlier in the morning and later in the day. As we all know, social media never sleeps, but it looks like Saks may not have got to grips with this fact as strongly as Barneys has. Even if your staff work 9-5, they should be using the right tools to ensure that the page is pushing out content at the best times for your audience.

Think about what type of content you post

Interestingly, it looks like Barneys almost exclusively post links on their Facebook page. They create a strong call-to-action by posting links to great items in their stores with short, punchy copy such as “Flirty. Feminine. Floral”. It invites the fan to read, agree and hit those ‘like’ buttons, leading to an engagement rate of 0.06% on links compared to Saks’ 0.03% rate.

In contrast, Saks Fifth Avenue posts more varied types of content. Their main focus appears to be photos which are often posted using their ‘Involver’ fanpage tool. These photos don’t appear very big on their timeline, but still seem to get their highest rate of engagement with content on the page with 0.06% of fans interacting with these. However, they still do not manage to outstrip Barneys with any types of content.

It may be that Saks need to look at how their audience is responding to their content. Community management requires constant analysis of how your posts are going down with your audience – if something works well, it makes sense to experiment with posting it more often. Similarly, if something is not working for your fans, it may be worth looking at changing your approach or posting more infrequently.

Keep it short and simple

It is worth taking a moment to look at Barneys’ impressive 0.14% engagement rate on their status updates. Both pages post status updates, so why are fans interacting with Barneys more than with Saks? Have a read of the following updates and think about which one you are more likely to like or comment on…

It’s important to remember that Facebook fans have a notoriously short attention spans, so instead of asking them to try and figure out the sentence and fill in multiple blanks, Saks should be asking more short, simple questions like the one from Barneys.

Here at FreshNetworks we’ve been keeping a close eye on the significance of Google+ for brands.  We were very excited about the arrival of Google+, and predicted, a back in July last year, that it would impact  social search:

…”Potentially, in the future, this could mean that the more popular pages from within your Circles could outrank those pages that are better optimised in the traditional sense of the word.”

The launch of Google’s new personalised search results display, known as ‘Search, plus Your World‘ means that this has indeed become reality, suggesting a presence on Google+ is something that brands should be considering now more than ever, especially as the network grew to 62 millions users by the end of 2011, with predictions for that figure to reach 400 million by the end of this year.

Google+ and the new school of linking

To briefly touch on a key factor of SEO, Google places weight on the quality and quantity of links that a page receives from other sites – which Google view as impartial endorsements and indicators of relevancy.

The importance of these links will not go away, but as sharing links is a key activity on social media, the average user is now effectively in the position of a publisher. In terms of relevancy, a display of recommendation from a person or entity that you trust or are interested in enough to follow on social media will have a strong boost, as an attention grabbing indicator and also as a sign that it is something you may well be interested in.

Will Google+ content be promoted above paid for advertising?

Just seeing the recommendations from your connections is not where it ends though as Google is aggressively promoting its Plus profiles and shares.

As Rand Fishkin, CEO of SeoMoz explains in his excellent video, certain elements of Google+ are receiving significant prominence on search results for users who are logged in – to the extent that, for certain terms, the avatars of influential brands or individuals are placed above the paid ads, which link you to information on “Learn how you could appear here too”

For example, when logged in to to Google+ and searching for “SEO”, well-known SEO experts Rand Fishkin and Danny Sullivan appear in my results even though I haven’t connected to them on Google+ (yet…) and also shows that within the results, 120 of them will be personal to me and my network:

How Google calls the shots

The recent changes have caused some controversy from the clear bias that Google+ is receiving over other networks such as Twitter and Facebook, which clearly are significant drivers of link-sharing and endorsement. While integration may take place further down the line, the current tension between the key networks and Google suggest that, for the time being, Google+ is the place to be.

While these changes are currently only applied to searchers logged into Google+ and using the US version on Google.com, all signs are pointing towards “social search” becoming the norm across all of Google’s domains, and one that brands (and individuals) need to prepare for.

A recent report has revealed that the majority of premium brands are failing to keep up-to-date with the opportunities presented by mobile marketing.

The latest L2 Prestige Mobile IQ report suggests that use of effective mobile marketing practices is currently surprisingly low amongst top brands.

The report looked at mobile applications, mobile sites, mobile marketing (including SMS) and overall innovation and integration, ranking brands included in the study on their Mobile IQ score.

L2 argues that over the next few years, the businesses which will thrive are those willing to engage with mobile marketing techniques. Brands need to develop and optimize powerful mobile commerce sites which are accessible from a range of devices.

According to Forrester’s report in 2011, m-commerce sales are set to quintuple over the next five years, resulting in $31 billion worth of sales by 2016.

However, despite this forecast, a shocking 16% of the brands in the L2 report are yet to produce any kind of mobile app or website. In fact, almost half of the brands studied were ranked as ‘feeble’, meaning that their investment in mobile to date is little if any.

The brands at the top are offering engaging mobile apps, fully optimized m-commerce sites and flashes of creative genius.

Here are the top 10:

These brands have managed to create some really effective mobile offerings which are often fully integrated into their rest of their offline marketing campaigns.

And those languishing at the bottom:

How are these brands letting themselves down with mobile?

The main reason these brands appear to be lagging behind is because they fail to utilise the unique platforms that m-commerce, iPhone and iPad apps offer.

1. Failures in M-commerce

Those languishing at the bottom of the list are there because they don’t capture the quality of their websites in their mobile experience. Generally, across every category measured, mobile sites consistently failed to replicate the features found on their main sites such as video and product search. Another significant issue they face is that they are directly hindering m-commerce by hosting websites in Adobe flash – which iOS does not support.

2. User experience problems on the iPhone

As the report suggests, the majority of the 70% of brands which have iPhone apps appear to consistently fail to make sure that the user experience is really excellent. Less than a third of these apps use the iPhone’s GPS software, 17% of apps utilise the notification system and even fewer use the phone’s camera and gyroscope capabilities.

L2 quotes ABI Research which reports that the iTunes Store ranking algorithm will begin taking into account qualitative information such as user reviews and frequency of usage. As such, there is little point having a promotional app with little functionality in order to simply maintain appearances. Brands need to invest in mobile apps which are valuable to the consumer and which garner great customer feedback.

What’s next?

• Brands need to invest in m-commerce now to take advantage of the increase in mobile usage.
• They need to create a seamless customer experience across a number of devices.
• Mobile apps need to provide real value and utilise the unique functionality of mobile devices.

By 2015, it is predicted that more users will access the Internet wirelessly via a mobile device than from a wired Ethernet connection. As consumers move their purchasing power from computer to mobile, brands cannot afford to be prudish about innovation in mobile marketing.