FreshNetworks Blog

This week we published the final report in our Review of Social Media Monitoring Tools (download the final report here). Reflecting on the report and its findings with clients and others this week, we have found ourselves discussing the importance of not just listening (although this can often be a good first step for those who are not yet doing it) but also acting on what is said about your brand and other terms of interest in social media. As the report shows, the different social media tools are of value for different purposes and choosing the one that is most suited to your brand and your needs is an important step.

Even before you have your social media monitoring in place, any brand can benefit from working out a plan for what you will do with all this information you are going to gather. Dashboards and reports can be useful, but the ability to take actions or make decisions using this information is much more useful for any brand. What you do with your social media monitoring is as important, if not more important, than getting the monitoring in place in the first place.

Different brands will want to engage with the conversations they discover online in different ways. The following are three great ways for any brand to engage with these conversations. The first two are ways in which you can capitalise upon the outputs of your social media monitoring internally and the last one on how you can use it to engage externally. They all require you to connect with different teams and functions in your brand and may need internal process change to make a real difference.

1. Inform the language of your marketing and communications

Observing and analysing the way people talk about your brand, competitor brands and the market you are in more generally can be a real and valuable source of insight for marketing and communications teams. It lets you learn how people talk about you, the language they use and how they compare you to other competitors and substitutes in the market. By properly searching not just for brand terms but also the terms that people use in relation to them you can start to explore the language that people use. This has a number of benefits. You can use the language and keywords to refine and ammend your search strategy. You can use relevant language and expressions in your marketing and PR activities. And you can start to use the same language when you are engaging in social media.

This relies on you ensuring that different teams across your brand are connected to what your social media monitoring reveals. And probably more importantly that you set up the reporting and analysis to ensure you are looking not just at what is said, but more importantly at how you can change your own communications and language on the basis of this.

2. Predict market changes

One of the real benefits of social media monitoring is that it allows you to track over time the things that are discussed in relation to your brand and your market. By tracking what is discussed over time allows you to identify when more conversations about certain issues being to emerge. Imagine, for example, that you are a large chain of pizza restaurants. One of the the things you might monitor is references to pizza being bought in a supermarket or eaten from take-away restaurants. Your social media monitoring should be set to alert you when and unusually large number of conversations of one of these kinds are present in social media. What is causing people to talk more than is usual about a topic and what can you do about it.

This kind of trend spotting can be of huge value to any business but relies on you having the mechanisms to capitalise upon this knowledge. Usually this would be a good indicator for your insight or research teams, or a marketing function to explore the trends that appear to be emerging and to make sure you are putting plans in place for any changes it may be spotting early.

3. React and respond to mentions of your brand online

Finally, any brand should consider its process for reacting and responding to what people say abotu you online. Whilst the previous two activities are very internal, this is external and involves engaging directly with people in social media.

There are many ways in which people refer to and mention a given brand online. And in most instances there is typically no need to respond. You can just leave the mention and monitor it if you think relevant. We have written before about how to react if somebody writes about your brand online, and the process described here is a great starting point. The next step is to integrate this with your own internal processes and to change these to ensure conversations online are engaged with and responded to when relevant.

This touches heavily on the importance of sentiment analysis – often negative comments need to be responded to in one way and by one set of people, and positive comments in a different way by a different set of people. We’ve written before about the problem with automated sentiment analysis and the best advice is to make sure that you keep a level of human involvement and analysis to make sure you’re responding to the right things in the right ways.

Read the other posts from our social media monitoring review 2010 or download our final report

This week we have been looking at social media for small businesses. Ways in which they can use the social media tools that exist to build their brand, engage their customers and learn about their brand, market and competitors. It is as important for small businesses as it is for large brands to build a social media strategy. And there are many different ways that you can start to use social media to get these benefits.

And social media strategy should be based on what your brand is looking to achieve. Only when you have established this should you start to experiment with different social media tools and will you be able to measure the success of what you are doing. This need not be an expensive and elaborate implementation, some great tools exist for small businesses to use to help achieve their aims with social media and this week we looked at four of them:

1. Social media monitoring and buzz tracking: Any social media strategy should start with a thorough process of social media monitoring. Listening to what is being said about your brand, competitors, market and customers. There are a range of free buzz tracking tools available and setting up some simple monitoring tools is something that any small business should do.
2. Twitter and targeting customers: Twitter is a very flexible tool. Some people think that it is most useful when you are following and being followed by very large numbers of people. But this is not always true and it can be particularly powerful with small groups. You can build a small community of people online who are interested in the same issues and use this to engage customers or potential customers. Better to target and engage a smaller group of people than to try to appeal to everybody.
3. Blogging and brand building: Blogging is a great tool that any and every brand should consider. For many small businesses, blogs are a tool that can help them punch above their weight. The content, themes and information that they share can lead them to be thought of as much larger or much more established than they really are. Blogging provides an easy way for organisations to share their thoughts and their content. And people will respect you for this.
4. Foursquare and customer engagement: Foursquare is just one of a number of mobile-enabled and geo-location social media tools that are being developed. They allow people to connect and share information based on where they are. Foursquare in particular offers great and exciting opportunities to brands. You can find out who is visiting your shop, store, cafe or building and then work out ways to engage them and turn them into loyal customers

These are just four ways in which small businesses can use social media tools as part of a social media strategy. They are all free tools to start using and the posts linked to above contain more details about each of them. Using and experimenting with social media tools need not cost money. The important stages are in the thinking and planning about what you are looking to achieve and so which tools are most appropriate, and then in how you manage and grow your activity in any tool you choice.

Small businesses can benefit hugely from a social media strategy. Plan what you are looking to achieve and how you will measure success, and then experiment!

You can read all our posts on social media for small businesses here

It is important for any business to keep up-to-date on what people are saying about them, their competitors and the market they are in. Social media monitoring can play an important role here – letting you observe and then analyse what people are saying about these topics online and in social media. For small businesses this can be a powerful tool for research and for competitor intelligence.

We’ve previously posted a list of free social media monitoring tools, and how you can use tools like Twitter Lists to help keep a track of what is being said about you online. There is a lot that can be done here and setting up some simple monitoring tools is something that any small business should do. For free you can learn what people are saying right now about you, your competitors and the market you are in.

Imagine a small but growing emergency plumbing business that operates in a large city. You have a handful of competitors from one-man-bands to big plumbing firms. You are interested in what your customers are saying about you, about them and also about the plumbing needs that they have. Monitoring online can help you begin to understand better your competitors and your customers’ needs for minimal effort and no real cost. The key is to choose your keywords carefully. In this instance you could choose your own brand name and the name of the plumbers that work with you, your competitors and some key products you work with or services you offer. You might also choose to look for some bigger terms and topics concerned with DIY and other related issues.

Monitoring terms in this way is a useful mechanism for knowing what is going on and what is being said. Seeing when people refer to you, or the plumbers who work for you, and then knowing if they are happy or not with you. This gives you the information you need to change things, react if appropriate or just know that people are spreading the word about the good work that you have done. You can also gain competitive information on your competitors in the same way and start to learn where they are strong and weak.

But social media monitoring will help you in other ways. One example would be to help you develop new products and services. By monitoring what people in your area are saying about their DIY or plumbing needs, or telling their stories of what happened to them when things went wrong at home you will be able to start to explore and investigate potential new areas where you could help. Simple, free tools offer the chance for you to be more informed and then give you information for you to make the most of.

Social media monitoring is a powerful tool for any business or brand, large or small. One of the benefits of social media and online communities is that what people say is visible to others. When people talk about you, your competitors or their needs you can see this. And you can use this information to act and improve your own business.

You can read all our posts on social media for small businesses here

One question brands frequently ask themselves is why should people want to discuss their brand online in social media? With some brands that is true, certainly if they want to develop a sustained online conversation over time.

Corporate and Social Responsibility (CSR) initiatives using social media are not new. Brands that have aligned to a pursuit or a cause have found that the online conversations are more purposeful as their brand is seen in a new light.

Recently Pepsi has caught the attention of social media commentators by going one step better and much bigger. By shifting $20m of event based traditional advertising budget (from the Superbowl) Pespi launched the Pepsi Refresh Project.

Bonin Bough (Global Director Digital and Social Media at PepisCo.) described it on Beth Kantor’s non-profit focused blog:

For those who don’t know, the Pepsi Refresh Project is a new effort to empower individuals to make a positive impact on the world.  We’ve pledged to award more than $20 million to support innovative ideas that move communities forward. Anyone can apply for a grant and the public decides who wins.

Each month, Pepsi will award grants up to $1.3 million to the winning ideas across six categories, including: Health, Arts & Culture, Food & Shelter, The Planet, Neighborhoods and Education.

The interesting question is that Pepsi has first mover advantage is repeating this type of campaign possible in the future? i.e. can they (or for that matter anyone else) do the same sort of crowd sourced campaign next year and expect to get the same media exposure?

The longer term impact of the Pepsi Refresh Project partly depends on whether the causes that benefit will talk or continue to talk online about Pepsi.

This is our first post in a new series on social media and not-for-profits

Perhaps one of the most exciting developments with social media is that it allows anybody, from a large global consumer brand to an individual to build their personal brand online. To some extent some of the same rules apply – decide what you want to do and why you are using social media and then make sure you are using it in a way that helps you to achieve this. For individuals, of course, the most important thing is acknowledge in the first place that by using social media you are building your own brand, whether you intend it or not. The main advice is that only you can be in charge of your brand online and in social media, and so you should take control of it.

This is important – especially for job-hunters. I recorded a podcast for Guardian Careers last week talking about the importance of owning your personal brand and building your network online in social media. We also discuss:

• what a social media agency is and what it does
• why it’s best if a brand manages its own presence online (but why it usually needs expert help to do this)
• how you can network and build your connections online
• the best use of LinkedIn (and how this is different from Facebook)
• why you need to be aware that people are able to find information out about you even if you haven’t told them
• that you should take control of your own brand and use privacy settings sensibly to help you do this

Oh and you’ll also find out how I got from a degree in French and Russian at Cambridge to be where I am today.

You can listen to the podcast on the Guardian website: Careers Talk: Job hunting using social media

The podcast is also on iTunes