How to choose the right Social Media approach.

2010 will be the year, in which (at least in Germany) companies will try to strategically integrate Social Media into their marketing mix. As opposed to previous years, when Social Media (often phrased as “viral” campaign elements) was already part of the briefing due to the glitter and glamour, but nobody could actually pinpoint the relevance and contribution of the tactics.

Jeremiah Owyang is now providing some guidance for the first and essential question for companies trying to look at the subject wholistically: is it a brand play, is it a product play, shall we enter with a lifestyle approach or separate activities by location?

His approach is a Matrix: How To Choose Social Media Programs by Brand, Lifestyle, Product or Location to avoid the following pitfalls:

Companies that choose poorly will have wasted internal efforts and resources, set up false expectations for customers and may struggle with trying to redact a program in public where customers are already assembling. [...] having no strategy means that product teams, regional teams, and individual regions will do whatever they want –causing clean up for corporate late.

As a first orientation I think this will serve companies quite well. Surely, each quadrant can be made more specific to each companies situation and needs, but that should be left for the individual Social Media consultant…

At the end there is short guidance on how to choose the right mix:

  1. First, be customer focused.
  2. For best results, use in combinations
  3. Think long term –not just by campaign.

Linktip: 10 Social Media Myths

This is a great list of the 10 Social Media Myths. Quite a few I have heard myself, too:

1. Great Content Always Goes Hot
2. There are No Rules
3. You Can’t Build Quality Relationships Online
4. The More Friends, the Better
5. Social Media Marketing is Easy
6. Social Media Won’t Last
7. Social Media will Replace Traditional Marketing
8. Social Media is a Cure-All
9. Social Media is for Kids
10. Digg is All that Matters

Go to the site and read it, it’s great stuff!

Wishlist for the agency of the future

Just a quick pointer: Sapient sponsored a survey in the US asking marketers, what they want from their agencies in the future. Here is the top 10 list of things:

  1. A greater knowledge of digital space
  2. More use of “pull interactions”
  3. Leverage virtual communities
  4. Agency executives using the technology they are recommending
  5. Chief Digital Officers make agencies more appealing
  6. Web 2.0 and social media savvy
  7. Agencies that understand consumer behavior
  8. Demonstrate strategic thinking
  9. Branding and creative capabilities
  10. Ability to measure success

There is some more detail to these points at the sapient website.

Google and Apple and the no compromise for bucks philosophy.

Just the other day I posted this graphic at my german blog:

applegoogle.jpg

The graphic is from this place here. Just today I found the ‘corresponding article’ about ‘how google and apple dominate‘ whatever field they are moving into. Written by Umair Haque, this article goes into the “no compromise for bucks” philosophy that is at the core of their DNA – Goople’s DNA, as he calls the two companies:

The ends they’re working towards are similar: Goople aspires to – with laserlike intensity – change the world for the better. And where most of their competitors will sell out everything they believe in for a few bucks and a latte, Goople is deeply, radically purposive: they won’t compromise much, if anything, to achieve the goal of changing the world for the better.

Go read that and remember the graphic above. And then keep this in mind whenever you’re thinking of a company’s strategy.