This document discusses strategies for harnessing online social networks for business purposes. It outlines four main strategies: listening, talking, energizing, and supporting. It emphasizes the importance of listening to understand customers and monitor brand perceptions. Methods discussed for listening include setting up private online communities and conducting brand monitoring. The document also discusses approaches for talking with customers such as participating in online discussions. Energizing strategies focus on tapping enthusiastic customers to help spread word-of-mouth. Supporting involves enabling customer support through social networks. The overall goal is to strategically engage with customers at each stage of the marketing funnel through various online social platforms.
3. ¡°I know you think you understand what you
thought what I said, but I am not sure you
realized what you heard is not what I meant.¡±
- Alan Greenspan
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13. International Comparison of STP
Metro China Hong Kong S. Korea U.K. Sweden
Creators 36 34 38 9 12
Critics 44 46 27 16 19
Collectors 18 17 14 5 27
Joiners 32 26 41 21 25
Spectators 71 67 39 34 45
Inactives 25 27 36 54 42
? S. Korea: most active in Asia
? Sweden: most active in Europe
? U.K.: least active in Europe
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15. What Is Your Suggestion for L. L. Bean?
? L. L. Bean is always dedicated to its online
shopping, while Toy ¡°R¡± Us is less.
? More ¡°collectors¡±
? Online service, e.g., trip planner (camping list
etc.,)
? Customized RSS and widgets
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17. POST
four steps of the strategic planning for
Harnessing the OSN
Objectives
? What are you
customers ready Technology
for? ? What are your ? How do you want
? How will your goals? relationships with ? What applications
customers ? Marketing or PR? your customers to should you build?
engage? ? Most customers change?
or special
segments?
People ? Internal or
Strategy
external?
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18. Five basic business functions for Online
Social Network Marketing
Old paradigm New paradigm How different
Research Listening Ongoing monitoring of your customers¡¯ conversations
with each other, instead of occasional surveys and
focus groups
Marketing Talking Participating in and stimulating two-way conversations
your customers have with each other, not just
outbound communications to your customers
Sales Energizing Marking it possible for your enthusiastic customers to
help sell each other
Support Supporting Enabling your customers to support each other
Development Embracing Helping your customers work with each other to come
up with ideas to improve your products and services
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20. Your brand is what your
customers say it is.
The value of a brand
belongs to the market, and
not to the company. The
company¡ is a tool to
create value for that brand¡
Ricardo Guimar?es
e.g.,
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21. Listening = Market Research?
? The most thoughtful people don¡¯t take
surveys or be in focus groups.
? Research methods are designed to answer
questions, not to tap into consumer insights.
? Observation in natural habitats is good but
may show ¡®railroad paradox.¡¯
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26. NCCN
? Set up a research network with
profiles, discussion forums, online chat, and
uploaded photos.
? They knew how patients chose their treatments ¨C
most from their primary care physicians.
? Formed communities and improved relationships
with community doctors.
? They knew how patients search online for
solution and what keywords they use most
(e.g., not breast cancer but metastatic.)
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28. What customers want or need? Principles of Private Communities
? Customers need intimacy. ? INVITE THE RIGHT
? Customers want respect. PEOPLE, KEEP IT PRIVATE
? Customers want empathy. AND SMALL.
? Customers want to have ? VIEW MEMBERS AS
good start. ADVISORS TO THE
COMPANY.
? Customers need
encouragement. ? FIND THE SOCIAL
GLUE, MAKE IT MEMBER-
CENTRIC.
? WORK AT BUILDING THE
COMMUNITY.
? BE GENUINE, ENCOURAGE
CANDOR.
Lessons from Communispace 28
29. What customers want or need? Principles of Private Communities
? Customers do not want ? JUST PLAIN ASK.
over-elaboration. ? PAY EVEN MORE ATTENTION
? Customers want to TO WHAT MEMBERS
participate (in their own INITIATE.
ways.) ? DON¡¯T SQUELCH THE
? Customers want you to NEGATIVE.
solve the problems. ? DON¡¯T ASK TOO
? Customers can become MUCH, TOO OFTEN.
fatigued. ? USE THE RIGHT MIX OF
? Customers are diversified. TECHNOLOGIES AND
METHODOLOGIES, AND
KEEP EXPERIMENTING.
Lessons from Communispace
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34. A ¡°brand association
map¡± drawn from
online commentary
about Nike, as compiled
by Nielsen BuzzMetrics.
Such maps aim to
discover patterns in
consumers¡¯ opinions
about particular brands. 34
35. Brand Monitoring and Emergence
Marketing
In the old days we had a product with rational
and emotional benefits, and we made up a story
and then pounded this story into people¡¯s heads
with $$$ (advertising).
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36. Brand Monitoring and Emergence
Marketing
? Today, we first understand what people care about
most.
? Then examine what they already believe to be true
about your brand and your competitors.
? Finally, you figure out how to connect your brand to
what people are passionate about in these ways:
¨C authentic (consistent with what they already believe to be
true,)
¨C compelling (relevant to what they are passionate about)
and
¨C helpful (helps them achieve their goals, not yours)
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37. Brand Monitoring and Emergence
Marketing
Branding is more like politics today.
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42. Benefits of Listening
? Find out what your brand stands for.
¨C Mini is not only about delivering a snappy and
cool way to deliver ¡®motoring.¡¯ It is also about
community.
? Understand how buzz is shifting.
¨C Start listening, and you have a baseline. Keep
listening, and you understand change.
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43. Benefits of Listening
? Save research money; increase research
responsiveness.
¨C Listen is faster, more responsive, and more
frequent than survey.
? Find the source of influence in your market.
¨C For example, Neilson¡¯s NetRatings (offline).
? Manage PR crises.
? Generate new product and marketing ideas.
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44. Social Technographics Profile and
Listening
? High percentage of creators and critics (> 15%)
¨C branding monitoring
? Less than 15% ¨C private communities
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46. Marketing Funnel
Marketers have little control
over what happens in the
middle stages, but the
influence of the online social
networks is heaviest here.
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48. At the beginning of the funnel
? Youtube
¨C Ex., Blendtec¡¯s Will It Blend
? SEM (Search Engine Marketing) ¨C paid search
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49. At the beginning of the funnel
? SEO (Search Engine Optimization) ¨C organic
search
¨C Indexing: index your page to conform to a search
engine¡¯s crawler.
? Can use Google Webmaster Tools, for which an XML
Sitemap feed can be created and submitted for free, to
ensure that all pages are found.
¨C Preventing crawling: To avoid undesirable content
in the search indexes
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50. In the middle of the funnel
? Blogs/microblogs/webinars
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54. Strategies of Energizing
evangelists/enthusiasts
? Tap into customers¡¯ enthusiasm with ratings
and reviews.
? Create a community to energize your
customers.
? Participate in and energize online
communities of your brand enthusiasts.
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55. Energizing considerations
? Which strategy is the best for us?
? Where are our customers in the social
technographics profile?
Creators
Critics
Collectors
Joiners
Spectators
Inactives
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56. Energizing considerations
? What is our customer¡¯s problem? ¨C probably
not the problems you expect or those about
your products. E.g., ¡°Adult Fans of Lego¡± talks
about building with Lego.