2011年4月28日 星期四

Tips from Coca-cola... how to surf on the Social expression wave

Sharing from Coco-cola director of Marketing on how they change their way of marketing, from Impressions to looking into expressions.

***************

Coca-Cola Marketing Shifts from Impressions to Expressions

This post is part of Creating a Customer-Centered Organization.
A lot of us remember when the role of the CMO was much simpler. Information flowed in one direction: from companies to consumers. When we drew up our plans and budgets, the key metric was consumer impressions: how many people would see, hear or read our ad?

Today the only place that approach still works is on Mad Men. Now information flows in many directions, consumer touch points have multiplied, and the old, one-size-fits-all approach has given way to precision marketing and one-to-one communications. Perhaps the most consequential change is how consumers have become empowered to create their own content about our brands and share it throughout their networks and beyond. It has changed my role as the chief marketing and commercial officer at Coca-Cola, and the company's approach to consumer engagement as we work to double our business by 2020.

In the near term, "consumer impressions" will remain the backbone of our measurement because it is the metric universally used to compare audiences across nearly all types of media. But impressions only tell advertisers the raw size of the audience. By definition, impressions are passive. They give us no real sense of engagement, and consumer engagement with our brands is ultimately what we're striving to achieve. Awareness is fine, but advocacy will take your business to the next level. (I used to think that loyalty was the highest rung on the consumer pyramid until I became the CMO of Allstate Insurance. There, I saw clearly that so much business was driven through personal referrals and advocacy by individuals for their agent.)
So, in addition to "consumer impressions," we are increasingly tracking "consumer expressions." To us, an expression is any level of engagement with our brand content by a consumer or constituent. It could be a comment, a "like," uploading a photo or video or passing content onto their networks. We're measuring those expressions and applying what we learn to global brand activations and those created at the local level by our 2,700 marketers around the world. For example, in our 24-Hour Live Session with Maroon 5, we captured impressions (the number of online views) but gained tremendous insights from expressions by our consumers — their comments, input on the song that was being created and what they shared with their networks.

So what are the keys to winning in this new era of empowered, engaged and networked consumers? Here are some of the top "expression" lessons we've learned so far:
Accept that consumers can generate more messages than you ever could. Don't fight this wave of expression. Feed it with content that touches consumers' passion points like sports, music and popular culture. We estimate on YouTube there are about 146 million views of content related to Coca-Cola. However, only 26 million views were of content that we created. The other 120 million views were of content created by others. We can't match the volume of our consumers' creative output, but we can spark it with the right type of content.

Develop content that is "Liquid and Linked." Liquid content is creative work that is so compelling, authentic and culturally relevant that it can flow through any medium. Liquid content includes emotionally compelling stories that quickly become pervasive. Similarly, "linked" content is content that is linked to our brand strategies and our business objectives. No matter where consumers encounter it, linked content supports our overall strategy. When content is both "Liquid and Linked," it generates consumer expressions and has the potential to scale quickly. An example of "Liquid and Linked" was our FIFA 2010 World Cup program, which was the largest-ever Coca-Cola activation in history. More than 160 countries used a common World Cup Visual Identity System, a pool of television commercials, and a common a digital platform. All were linked by the common thread of celebration.

Accept that you don't own your brands; your consumers do. Coca-Cola first learned this lesson in 1985 with the introduction of New Coke, but it's become even more important with the growth of social media. As I write this, Coca-Cola's Facebook page has more than 25 million likes (fans). Our fanpage wasn't started by an employee at our headquarters in Atlanta. Instead, it was launched by two consumers in Los Angeles as an authentic expression of how they felt about Coca-Cola. A decade ago, a company like ours would have sent a "cease and desist" letter from our lawyer. Instead, we've partnered with them to create new content, and our Facebook page is growing by about 100,000 fans every week.

Build a process that shares successes and failures quickly throughout your company. Increasing consumer expressions requires many experiments, and some will fail. Build a pipeline so you can quickly replicate your successes in other markets and share the lessons from any failures. For example, our "Happiness Machine" video was a hit on YouTube so we turned it into a TV commercial, and we've replicated that low-cost, viral concept in other markets.

Be a facilitator who manages communities, not a director who tries to control them. In 2009, we launched Expedition 206. Consumers voted for the three people they wanted to see travel the world as Coca-Cola Ambassadors, visiting most of the 206 countries where Coca Cola is sold and driving an online conversation about what makes people happy around the world. On every step of their 273,000 mile journey, the ambassadors blogged and created all the content. Our role was to facilitate their journey, which was no small task. We had to give up control of the content, so our ambassadors could share their own experiences. In an era of consumer expressions, seek to facilitate and participate with communities, not control them.

Speak up to set the record straight, but give your fans a chance to do so first. Of course, not every consumer expression will be positive. You have to be part of the conversation so you can set the record straight when you need to. Even better, we've found that our fans make online communities self-policing. When our Facebook site was targeted by an activist group whose members posted negative messages, our fans responded with messages of support for our company, and our fans challenged the use of the community for activist purposes.
Marketing has changed dramatically since Doc Pemberton poured the world's first glass of Coca-Cola in 1886. On May 8th, 2011, Coca-Cola and our fans around the world will celebrate our 125th anniversary. While I'll be curious how many impressions our activities generate, I will look most closely to the expressions of our consumers as a better measure of our success in keeping the world's most valuable brand relevant for the next 125 years.

Joe Tripodi leads global marketing, customer management and commercial leadership as Executive Vice President and Chief Marketing and Commercial Officer of the Coca-Cola Company.

HOW TO: Start Marketing on Foursquare

19 hours ago by Lauren Drell 28

The Social Media 101 Series is sponsored by Global Strategic Management Institute. GSMI’s Social Media Strategies Series are the leading educational events for organizations looking to advance their online capabilities. Learn more.
There are more than 8 million users on Foursquare — up from just 1 million a year ago. This explosive growth means one thing — you might want to get your business on Foursquare. After all, Radio Shack reported that the average Foursquare user spends 3.5 times more at its retail shops than the average customer.
The most recent iteration of the location-based app, Foursquare 3.0, expanded the features and made it much easier for businesses to jump on the bandwagon and start marketing. Best of all, it’s free. Foursquare is winning the location-based app game because it has the biggest user base [aside from Facebook Places] and it pleases both parties — customers want to be recognized, and businesses want to know who their biggest fans are. Mashable spoke with Eric Friedman, Foursquare’s director of business development, about how businesses can get started on Foursquare and the various marketing options they have available to them.
“Foursquare works well when a moment of commerce happens,” says Friedman. And commerce is exactly what business owners are looking for. Plus, as smartphones penetrate the U.S market (currently, about a third of U.S. consumers have a smartphone), there will be even more Foursquare users.
“We’re on every single platform that’s out there, so there’s never been a better time for businesses to start using Foursquare,” Friedman says. “There’s no cost, it’s easy and it works.”
Want to get started? Below, Friedman walks Mashable through all of the steps.

Brands With Brick-and-Mortar Locations

“[Small businesses] have the same resources available to them as a super large QSR, an Italian restaurant or a Starbucks, and that’s a really powerful tool,” says Friedman. He’s referring to the Foursquare for Business Merchant Platform, which creates an even playing field for restaurants, retail stores, museums, mom-and-pop shops and other businesses. The owners can claim venues on Foursquare, establish specials and analyze data on Foursquare’s dashboard. Here’s how to do it.

Claim Your Venue

To claim your venue, search for it on Foursquare.com. It’s likely that someone has already created your venue to check into it, and you can claim it by proving that you own it. If you can’t find it or you are opening a new venue, click “Add a new venue to Foursquare,” which is at the bottom of the page. Fill out the information in the wizard. Once all the information is plugged in, your venue page will come up. Click “Claim here” on the venue page.
Foursquare will ask you a few questions about the business (i.e. “Is this a chain?”) and whether you are authorized to claim the venue. Then it will ask how you’d like to verify your ownership — either by phone or by mail. If you verify by phone, Foursquare will call you and provide a 4-digit PIN that you can enter on the site. If you opt to verify by mail, the PIN will be sent via postcard. Once you’re verified, you will also receive a Foursquare window cling so customers know you are a Foursquare-friendly establishment. (Fear not, efficiency lovers: If you have numerous locations, you can verify in bulk.)

Adding Specials

Once you’re verified as the owner of a location, you can use Foursquare’s Merchant Platform to create specials to reward your customers. The method for creating specials is pretty self-explanatory, and the wizard walks you through each step as you create your special. You can have two specials running simultaneously at a given location. Foursquare 3.0 introduced a new group of specials:
  • Swarm Special. A special is unlocked when a certain number of people are checked in. For example, an ice cream store can give away a free scoop of ice cream when 10 people are checked in at once. You can set a limit for how frequently this special can be unlocked so that you don’t give away too much product.
  • Friends Special. A reward for when friends check in together. You can specify how many friends need to be checked in and what they receive for being checked in.
  • Flash Special. A special for the first X people who come at X time. It’s great way to incentivize customers to stop by during your slow hours.
  • Newbie Special. A reward for people who check in to your business for the first time. Offering a reward for a user’s first checkin — even if it’s a small one, like 10% off or a free side dish — is a great way to start a relationship with a new customer.
  • Check-In Special. A reward for every single checkin. Restaurants can offer a free soda or a discount, while retailers might offer a few dollars off a purchase.
  • Loyalty Special. A reward for a user’s third, fifth, seventh checkin — you determine the interval — to incentivize customers to return a few times to cash in on their special. Loyalty specials can be recurring (“every three checkins”) or not (“on your third checkin”).
  • Mayor Special. The mayor is the person who has checked into a venue more than anyone else. In theory, he is your best and most loyal customer. As such, he deserves a prize, whether it’s a discount, a free t-shirt, a beer or a meal on the house. Mayors tend to be proud and protective of their mayorship, and you might even see some turf wars when the mayorship changes hands. You can offer something whenever a new mayor earns the crown, or you can offer a daily reward for the mayor.
Now that you’ve seen the offerings, click the special you’d like to do and fill in the requirements for unlocking the special. Once you finish entering the stipulations and select what venues will feature the special, it will be live (though it won’t show in the “Nearby Specials” filter until a human verifies that the special is legitimate). There are two one-sheets you can print off to explain Foursquare — one for employees, so they know how to recognize a special, and one for customers, so they know how to get in on the Foursquare action.

Dashboard Analytics

Once you’ve claimed a venue, you can access a dashboard of analytics that show how many checkins you’re getting each day, the time of each checkin, as well as a breakdown of the genders and ages of your Foursquare customers. Plus, there are two lists: one of your top visitors in the past 60 days (your most loyal customers), and one of your most recent customers, along with their Twitter handles (so long as they provided that info when they logged into Foursquare). In my experience, only about 25% of people push their Foursquare checkins to Facebook and Twitter, so having access to the Twitter handles of loyal and new customers provides businesses with an opportunity to reach out, follow up and see how a customer’s experience was. That personal touch is likely to bring customers back, and it may also turn that person into an evangelist for your business.
Also, remember that Foursquare is flexible, and you can make changes in real-time. You can run two specials simultaneously at each venue, so experiment and figure out what works for you and your business. With the right campaign, you could actually be saving money — Friedman says several business have stopped advertising altogether, since Foursquare allows them to reach customers for free.

Brand Pages

But not every business has a brick-and-mortar location — look at MTV and Zagat, for example. If your company is a brand without a physical presence — a magazine, a TV channel, a university of a consumer packaged good — you can use Foursquare Pages and Partner Badges to reach consumers.
Foursquare Pages are “a place for brands to have a program and have a cool way to interact with consumers,” Friedman says. The Foursquare website outlines a step-by-step process for setting up a Foursquare Page, which must be done manually (in the future, businesses will be able to create their own brand Pages). Business owners must submit a form; the Foursquare team will reply in about two weeks.
Your Page is highly customizable, and you can have a custom banner to incorporate your logo. The grey box on the right can be populated with information about your brand, along with links back to your own site or to social media sites. And of course there are tips you can leave for your followers so that when they check in to certain places, your tip pops up. The History Channel leaves factoids all over the country at places like New York’s Highline and London’s Tower Bridge, which provide context as you traverse the city. Likewise, Zagat leaves restaurant tips for dishes and cocktails.
Tips can be timeless, or they can be geared to promote an event. For example, The New York Times left tips all over Vancouver for the 2010 Olympics. Tips can be saved to a user’s to-do list, too. The Foursquare site points out tips for crafting good tips:
  • Tips can direct people to a certain place or instruct users to try a certain item. The point of Foursquare is to enhance someone’s experience in a location — if you have some insights, share them.
  • Don’t leave a tip that is obvious — try to share insider information, a secret menu item or a fun tidbit

Brand Badges

Once a brand has a Page, it can also offer badges for Foursquare users. Of course, Foursquare has its own badges that users love unlocking, including:
  • Crunked. Four stops in one night.
  • Photogenic. Checking in to three places with a photo booth.
  • Swarm. Checking in to a place with 50 other people.
But the brand badges are more self-promotional, and they’re unlocked for checking in to places and doing fun things that are relevant to your brand. (Foursquare doesn’t disclose individual badge prices, which can vary, but “$25,000 a month with a multi-month commitment” is typical.) Users must “follow” a brand on Foursquare to unlock badges, some of which include:
  • MOMA — Art Addict. Three checkins at MOMA or PS1 in one month.
  • The Wall Street Journal — WSJ Lunch Box. Two checkins during lunch at a restaurant that’s been reviewed in WSJ’s “Lunch Box” column.
  • Gogo Inflight — Mile High. One checkin while in flight.
New York Magazine recently did a Foursquare integration with its “Where to Eat 2011″ feature. Below each highlighted restaurant, users could add a restaurant tip to their to-do lists. Checking in to 5 of the restaurants in the list earns a user the Where to Eat 2011 badge, which could also unlock discounts and prizes at these restaurants.

Advice From Foursquare

Friedman has some tips for businesses about how to optimize Foursquare:
  • The best kind of Foursquare specials are those that make users feel, well, special. You don’t need to give a discount and lose your margins. Offering exclusive access to a sample sale or a special dessert that is only available for Foursquare users is a great way to get people coming back and checking in. Plus, not offering discounts means you can attract and maintain customers without affecting your bottom line.
  • Remember to utilize the fine print when you’re filling out your special.
  • Use Foursquare to grow your business — run a special during your slow times to keep a steady flow of customers all day.
  • Make sure you train your staff on how to recognize and reward Foursquare users.
  • Remember to set an end date for a campaign if it’s a limited-time offer or a one-day special.
“We try to give all the answers on Foursquare,” says Friedman, but if you have questions, leave them in the comments. Also, if you’re a business owner, tell us what your experience with Foursquare has been like.


2011年4月8日 星期五

TVB quickly respond to online viral (Law Lok Lam)

Resonding to online viral sharing of how an actor died 5 times in 5 TVB drama series within 24 hours...
(羅樂林一日死五次...)

Salute to quick response from TVB!!! Think they must have done good monitoring...?
Or was it just coincidence?
http://youtu.be/azx1BF1SukQ

2011年4月6日 星期三

12-17yr-old found to be skeptical of Social Media

Wondering if it's a matter of
1. Age - these people still grew up in mass, while they are proficient in Social media.
But I remember the days when you are yet to feel in control of the outside world,
mass is a better, "distant" channel that feels safe and less invasive

2. The question is, will these people become a generation where mass is endorsed,
or would they change as they grow up?

************************

Social Media, Leave the Kids Alone (Or At Least 46% of Them)

Nothing tantalizes marketers like the purchasing power of young consumers. We all know how fluent young people are with social media platforms, so it’s easy to conclude that interacting with them in these channels is logical, right?
Wrong!
A total of 46% of kids, ages 12 to 17, told Forrester in a recent survey that they “don’t expect companies to have a presence using social tools.” Is this an eye opener or what? Just because adults use social media platforms to interact with brands doesn’t mean kids do.
Kudos to Forrester for its  “Understanding the Intricate Digital Behaviors of Young Consumers” study. These findings are revealing, and kids’ brand marketers had better take note of them.
Forrester’s findings regarding these 12- to 17-year-olds highlight that they are:
  • Online all of the time. They have Internet access via computer and mobile phones.
  • On social media sites like Facebook and Twitter to post updates and to converse with friends, not to create content. They are less likely to blog or share thoughts and opinions in detail.
  • Use several social media sites; almost 75% of this group use Facebook; 40% use both Facebook and MySpace. And 17% use Twitter, partly because of the influence of celebrities who use Twitter.
  • Use social media to stay connected to friends. Only 25% of them trust brand communication on sites like Facebook. As Forrester put it: “They don’t want to be your friend on Facebook.”
  • Do not want brands to use social media to force themselves into their social groups; they prefer to see approval/brand relationships endorsed by friends in their circles.
  • Only 16% expect companies to use social media to interact with them.
  • 28% expect companies to listen, answer questions, or solve problems promptly when they initiate contact with brands. Kids’ trust has to be earned.
  • Social media sites like Facebook are used to post customer reviews. These conversations among friends yield great insights. And 74% of 12- to 17-year olds are more likely to post their ratings of products and services on social media platforms more than twice as much as on online sites dedicated for that purpose.
  • Love games. Using fun and games to reach kids continues to power brands. Brands that find new ways to engage kids with innovative games win.
All these insights demonstrate that kids are skeptical consumers. They still continue to trust traditional media more than social media where brands are concerned. Smart partnering of traditional outlets with social media they’re attuned to is a huge plus for new marketing campaigns. In short: Kids want to be engaged—but on their terms.
Understanding where kids are and what they’re talking about leads smart marketers to align their brand communication with their current interests rather than starting a new conversation that’s off-trend and potentially seen as invasive.
Advice: Listen, analyze the reviews, don’t push/pull kids in by being where they are, entertain and engage them. Be honest, transparent and real, and kids will come to the brand.
  • What do you think of Forrester’s findings?
  • Do they corroborate what you already know? Are there any new revelations?
  • Which kids’ brands are using new approaches via traditional or social media that are effective now?

2011年4月3日 星期日

Social media investment craze

First time for an investment related post,
honestly Social media platforms/companies are big hit now -
people are definitely changing,
are our companies changing fast enough to catch up?


******


News 5: 2011-04-04 , Sing Tao Daily , K17 , 投資王 , 國金萬象 社交網再掀科網狂潮 估值倍速增長
新崛起的人氣社交網站近年來潛在市值迅速竄升,當紅炸子雞facebook還未上市也沒有交出任何成績單,估值在過去兩年多卻升逾3倍,竟超越老牌車廠福特。投資專家指出,當前社交網站受到熱捧,各類基金一哄而上,盛況與1999年科網泡沫足堪相提並論;「股神」巴菲特早前也警告,部分社交網站的上市前估值過高,投資者不宜沾手。
2004facebook成立時啟動資金僅500萬美元,07年末獲李嘉誠和全球最大電腦軟件公司微軟先後入股,令該公司估值增加至150億美元。去年該公司開始在第二市場集資,年底其市值快速攀升至350億美元;至今年1月高盛為其私人配售股份,市場反應甚為熱烈。高盛估計該公司的潛在市值達500億美元,超越福特汽車、雅虎、eBay和亞馬遜等大型上市公司。
全年大量擁躉熱捧
不到一年前,團購網站Groupon的估值僅14億美元,到近期該公司計畫上市,市值估計膨脹至250億美元,如此強勁勢頭難怪該公司早前拒絕Google提出的60億美元收購計畫。此外,網上遊戲商Zynga,其耕田網上遊戲FarmVille大受歡迎,吸引了逾300萬訪客,踏入2011年該公司估值已增至100億美元。
科網業分析師指出,新興科網公司在美國以至全球有大量擁躉,資金近年源源流入,投資者已不拘於大集團,華爾街各路人馬,包括投資銀行、私募基金、對沖基金以至互惠基金目前也紛紛加入追捧行列,陣勢頗似1999年科網泡沫高峰期。
高盛和摩根大通早前已分別成立基金,專門入股facebookTwitter等創業科網公司;富達投資和T.RowePrice也不甘後人,大舉投資於GrouponZynga等社交網站。此外,專事投資於社交網站的創投公司也大量吸水,如facebook投資者之一的AccelPartners,過去5個月共從中國和美國取得2億美元資金。
「後來者」人氣不繼
有投資銀行家指出,近期氾濫科網市場的資金,已經遠超2000年,令他感到吃驚。他指出,「一打又一打」對沖基金通過第二市場投資社交網站,可說前仆後繼。似曾相識的是,約10年前華爾街大行同樣大舉押寶科網公司,收場是現在人盡皆知的科網泡沫爆破。高盛旗下分支在1998年成立了規模達28億美元的基金,大部分投資於網絡股,從19992000年,共投入17億美元,但科網泡沫爆破後,投資勁虧四成。
另外,由高盛和摩根士丹利組成的一個財團於1999年投資2.8億美元於網絡公司Cars-Direct.com,而該網絡公司本來打算上市,其後由於市況大逆轉,只好打消上市念頭。
有份投資facebook的基金公司ElevationPartners執行董事麥納米表示,現時市場上人人都以為所有社交網站都會與facebook一樣優質,第一批上市的公司應可受到熱烈追捧,但他擔心之後陸續上市的社交網站可能人氣不繼。屆時,市場會開始質疑這些公司估值太高。
巴菲特上月底也警告,目前絕大部分社交網站估值已過高,但他並沒有特別指明具體公司。他說,替社交網絡公司估值是非常困難的事情,它們有些上市後可能會是大贏家,有些卻可能僅為別人作嫁衣裳。
股神強調「不熟不做」,他不了解facebookTwitter等社交網站,所以敬而遠之,不打算去持有或沽空它們。