Tuesday, October 30, 2012

The maturation of social media analytics

In the last post we discussed the pillars of social media and the questions a buyer should ask its vendors when buying.  This is useful because the language discussed levels the playing field a bit.  I have included these questions if you didn't read my last post.

The post is here...(link to post)
The pillars and their corresponding questions...


But how does this apply to the market itself?  That is a more interesting question and one that needs a historical perspective.  In many of my posts, I have often written about the time analogy.  To simplify it (you can find it in many of my other social media posts) one has to think about the maturation of the social media analytics market as a march to high noon.  When I started in this PULL part of the market it was midnight.  This was about 2006.  As different market events have occurred the sun has come up.  In fact most of my posts would suggest it is about 930AM now.  Dawn hit late last year when people actually went from arguing about even buying analytics tools to deciding which one they would buy.  As people have grown more savvy and bought various tools, we are seeing cycling.  930 arrived when people decided to move beyond simply worrying about features and working in silos to actually collaborating to have a social media analytics program.  But how is the market actually maturing.  I would argue it still is.  And by my account there is a long way to go.  Analytics is still trying to find its way and companies are still pondering the ROI of their investment.  It is an age old business question.  Below is a model that I use to think about the maturation of the market.

Below is a description of the 4 pillars listed above and view of how the market is maturing. 


As I have described how you can ask your vendor about the 4 key areas of development, we can also use these "pillars" to describe how the market is maturing.  I will actually discuss next how this applies to the sophistication of an organization social media analytics program, but today let's just discuss how those buying are speaking and where the majority of that market lies.

Before the FEATURES PERIOD:  Before 2009

In the early days of social media analytics, people literally laughed at this idea.  In fact, many couldn't even imagine garnering insight from this data.  The owner of the company that I recently worked at, in is old fashioned and often wrong wisdom,would call it a really dumb idea.  He swore that the companies were the only ones out there marketing their message to everyone.  It was a lie.  I used to smirk at him because that is the closed minded way to look at things.  The rise of data changed that...the rise of twitter and facebook brought about the need to look at what the data said. The question at hand is how would we pick what we used to see what the data was saying.

The FEATURES PERIOD:  2009 to Late 2011

With the rise in the amount of data, came the rise of tools.  In the first phase, or the Features phase, it was all about what you could measure and how much data you could measure. Companies who were new to this idea would buy whatever tool made sense in terms of its ability to "show" them things.  They didn't think about content or whether there was any data quality; it was all about tracking trends.  Radian 6 did an excellent job during this time, because they built an engine that showed the PR function what it needed to know.  When things go wrong, what is the movement of the data.  In fact, they mostly wanted to be able to engage.  I would argue actually that this use case had little to do with analytics and everything to do with "marketing" away the problems because you could know what they were saying and tell them it was going to be OK.  This seems a little harsh to say, but a recall based use case (meaning show a trend from every piece of data regardless of quality) is one that is basically unsophisticated.  The features period was important because it established the fact that trying to make sense of the content was an important part of building a broader social media program.  It is clearly the foundation of true analysis, but in the early phases people mistook the ability to measure something with the quantification of a action.  Unfortunately, if you focus on features you are missing the depth the data from both a completeness and accuracy perspective.  The features based organization doesn't ask questions about is it all the data or how good is the data...they simply care if you can see the numbers of some set of data.

The CONTENT PERIOD:  2012 to ????

Today we are in the midst of the content period.  The rise of this period is clearly refreshing because there has been a greater evolution of most companies social media programs.  This period is the admission that I need to know as much as I can about as much data as I can collect.  I need the Twitter firehose so I don't miss anything.  I need to be able to see what people are saying within this massive data.  And most importantly, the features of my solution have to help me separate the wheat from the chafe.  It brought about looking globally at the social data (what languages do you have). It is bringing about the expanded desire to segment and understand all channels (facebook, twitter, you tube...).  As far as the content period is concerned, companies are really testing their tools.  They are choosing.  They are regretting those choices.  They are fixing that problem, by choosing another.  But people are still looking for the elusive ROI from the social data.  They are still stymied as to how they should apply the data to more use cases within the organization.  They are still more interested in having their fingertips on all the data and ways to slice that data.  But to make informed decisions with the data, companies need two things.  They need to realize that tools don't solve the the problems, but the process by which you apply them does.  The second is that if you have poor data it is really hard to make a repeatable decision.  The content period is a great leap forward in social media analytics because it acknowledges that completeness and thoroughness are key factors is knowing.  The question remains is when the market will skew towards the need for accuracy.

The ACCURACY PERIOD:  When will it come?

This is the question on my mind.  When will this period truly start?  I see the seeds of in the major partners I work with.  They are showing signs of thinking very comprehensively about their platforms now.  But how will this period of analytics be defined?  For one, it will be about creating meaningful correlations within the data to truly know you are making good decisions. It will help validate the value of social data.  I believe companies will be thinking harder about pulling content rather that simply creating it.  The rise of application and solution based thinking will overrule a single tool or dashboard to give you the answer.  Accuracy is what analytics requires and as we move into this phase the power of social can be tapped.  The questions I have for anyone reading this are these?

1.  Do you believe having every tweet is more important that accurately knowing the emotion behind it?
2.  Are you looking for solutions that accurate help you understand what the data says rather than that you have all the data?
3.  Are you considering whether your talent is more interested in creating content or accurate informing those who create content what content they should be creating?
4.  Do you consider solution based social analytics to be bigger than any single tool?
5.  How are you challenging your company to consider all the angles of how to build a holistic use case library that really impacts your bottom line?

The market is still evolving.  I challenge myself everyday to understand it more.  The greatest thing about emerging ideas is they are rife with the seeds of learning.  The more we challenge ourselves to think broadly about a problem, the faster we can invent ways to leverage the opportunity.

Friday, October 26, 2012

A view of the social media PULL marketplace

Over the last several months, I have had many epiphanies about the social media market place.  What I find amazing is how if we keep searching we never stop learning about things.  And simply put, just when you think you can't come up with something more interesting we usually do.  It just goes to show a person, that if we focus we can learn every moment if we so choose.

Why write about this?  Because humility is the mother of learning.  Why?  Because if we think we know everything then we are paying attention to how things connect together and ultimately we miss things we don't know.

For years, I spent time thinking a great deal about creating insight from social media data.  When I first came across the idea in 2006, it just made sense.  I stumbled upon this cool form of data and a new way to think about it.  To have the world's largest focus group at your fingers tips makes sense.  And off I went trying to find ways to PULL social data to learn.  Way back then I used it to help my company understand the consumer in a 2 week acquisition cycle. Social data was used to help enable a 900 million dollar acquisition. I used to help bring clarity to the launch of 150 million dollar new brand.  We were able to find out things a team of 40 couldn't using traditional methods.  And the list goes on an on until I became one of the many voices championing social data as a means of understanding.

In a post a few back I talked a lot about the idea of social media push and pull.  Essentially, I realized that most of the market is pushing content out into the social data maelstrom while a smaller group is pulling it first to understand what it means before they push.  The slide below highlights this breakdown and idea.



Those who push are mostly driving engagement, message and interaction.  This is e-marketing.  It is building your brand online.  But as I have written, why don't people think about pulling first before they push.  If they pulled and understood what people were saying, then they could create new insights, really probe for ROI and try to track and correlate the social data to their message.  And while most would say, "I do pull!".  I would question it.  For instance, I check everyday whether people read what I write.  And when I get 150 people in a day I am happy.  But do I really know if you are actually reading this or simply come by for a glance.  The metrics are too light and not deep enough.  This is were understanding is key.

We all know there are many companies (mine included) in trying to convince you they are the best at understanding.  I won't argue that point today.  What I want to discuss is how to think about the tools you are considering buying.  Everyone is a salesman and as someone who helps sell new ideas, I have learned one thing.  Stay on the balcony.  As I think about all tools that are claiming that they are the best at understanding the intent of consumers in social data, I realized there had to be a way to discuss any tool that was out there to help people think through how to compare them.  My job is to think about how social can change the business landscape.  It is my first priority...as I say change is my business and business is good.

How do I think about social media analytics' tools?  The slide below includes 4 pillar of social media tools.  They include FEATURES, CONTENT, ACCURACY and INFRASTRUCTURE.  Each pillar is accompanied by a series of questions that one might ask about the solutions they are thinking of buying.


Why break it up this way?  To make it easier to think about how to break down someone selling to you.  While they are high level, they do represent a way that you can ask your potential partner how they handle the things that are important you.  Each pillar can be dug into further.  You can, for instance,write down how you want your solutions to present the information.  These questions are what I face each day selling and when I can thoroughly answer these questions for perspective customers I can win the day.

Do you think about all of these or merely one of them.  If you are buying social media software that helps you understand all that content, thinking about only one pillar is not enough.  You need to think about all of them.  If you have a solution that has great features but nothing else, how can you make good decisions of you don't have all the data you need, the data isn't accurate or they don't have the infrastructure to change at a pace that is sufficient to keep up with your needs over time.  As I sell if I am thinking how to answer any question that one may pose to me, then I cannot thoroughly do my job.  The same goes for you.  If your vendor can't convince you they have all the bases covered or a plan to do so, then you are doing your job either.

As you think about buying new social tools?  Do the 4 pillars help you???

More to come on this model...as I shared...it is helping me think about you too....because turn about is fair play.

Wednesday, October 10, 2012

Does the consumer pundit rule over the real ones?

In that last 3-6 months, I have had the pleasure of working with many folks in the public relations groups.  Having spent most of my time in the product development area among other places in the organization, it is always a pleasure to learn new things from new people.  To this end, bringing the concept of social media understanding to the public relations process is a thrill.

Why?  Because when you can impact a process and show others how to do their job in a different way, great things happen.  And those changes are not only focused on improving their process, but finding new ideas that are totally groundbreaking.  As a change agent nerd (really...if you saw what I put together on the plane recently it would cause you to run from pure geekyness), it is the essence of the change point that is most exciting, because beyond the impact to the business lies the insight that drives many other ideas that are of value.

Today what caught my fancy is the idea that in real time understanding, is the virality more important that the story it is linked to?  What do I mean by this?  Well, in traditional news (as a layman looks at it), an event is reported on by someone and everyone reacts to that report or expresses how they feel about it.

A great example of this happened last week during the debates.  As I sat in a New York hotel room listening to them, I frankly was bored to tears.  It really felt like trench warfare.  Two guys sitting there quoting stats, essentially trying to win style points clarifying their political positions on why they are better.  It was painful.  I really couldn't take much from it.  And while I was suffering waiting for the President to simply ask his opponent which guys was standing there on the stage (the right winger of the fall or the left winger of the moment), I have to admit Romney's vigor was higher.  And while I try to be non-partisan, this debate to me was more of a tie.  And not because Romney was not showing spark, conviction or even out energized the president, but because I was bored to tears hearing details that I knew were potentially bullshit all around.  And as I sit there with my layman's hat on, I couldn't make heads nor tails of it.

Then it ended and as always I flash to CNN to hear my favorite pundit in the world weigh in.  Who is it?  David Gergen.  He is my political reporting hero.  He is by far the most neutral, insightful and tell it like it is kind of guy.  He is ALWAYS be my barometer.  He speaks the truth in a non-partisan way and he is someone of high integrity in his analysis (a guy I want to have lunch with...because that type of passionate neutrality is gone from politics...hello Hannity and Maddow).

And boy did he weigh in...he took it to the president.  He called him listless and said he blew his opportunity.  The pundits piled it on.  And on and on.  Then the poll came out.  And as usual I sat there wondering, what was going on in the real time world of unfiltered social.  Before the pundits spoke, what was really happening.

Below is a look at the BEHAVIORS expressed by people on line on Twitter during the debate.  You will see that according to data below, Obama won with this crowd.  Which surprised me based on the pundits language is that Obama actually won (at least as expressed during the debate).

Why is this interesting?  If you take your political hat off for a moment, it suggests something way more profound in my opinion.  Typically, we watch a group of 20 swing voters powerpressing a button as we watch the debate.  Or we quickly get the results of a scientific poll conducted through the phone right after the debate.  And while these are both interesting methods, we are actually look at 6 million comments that happened in real time and are unfiltered other than sorted and classified by their sentiment.  Which is a more scientific method.  Sure you could say that there are more liberals online...but that is bullshit.  I have watched the net sentiment for both candidates for weeks and I can tell you that after the republican convention, Romney got a huge bump.  And for the past several weeks, Obama has been kicking his ass UNTIL people saw the debates AND watched the news.

It was at this point that the sentiment really changed as driven by the news.  Does this mean I am saying that the news swung folks as to who won?  No.  I am not.  I believe that Romney did win because of the reasons stated.  But what I am questioning is how the purity of real time expression during a crisis, event or other is becoming a really unbiased barometer of something going on.  I used the political example because this is a case where emotion is expressed in real time.

But what happens in a business situation when something happens first that is not emotionally charged?  What happens when your business nemesis goes public with something and the news picks it up?  What if you you know the news is going to report something and you want to see whether it is an issue.  When you can't see the news because the social response is faster.  What am I saying?

I have started witnessing events where the latency of processing news is slower than the public response of  Twitter.  We saw this during the Osama bin Laden raid (my favorite tweet of all).  Meet Sohaib Ahtar...the man who beat the news.  While this is an extreme case of someone truly beating the news.


So what is the point?

I guess I am asking...which response is real?  The response that is pure or the one that is influenced.   Either way the game is changing and we need to figure out who is controlling who.


Tuesday, October 2, 2012

In your facebook! you social media demographic is staring you in the face

As I continue to espouse the need to think about how social media pull needs to become part of the dialogue, I figured I would continue to create some thought starters around social media pull and how it relates to doing  a better job with your social media program.

In my last post, I created a "scenario" to think about changing how social media campaign management could look if folks were more interested in understanding content along the way towards doing a better job of "pushing" the right stuff to the right places and to the right people.

I thought I would tackle a different way to think about Facebook.

Typcially every company prides itself on its community management efforts when creating and maintaining their FACEBOOK FANPAGE.  In fact, there is great debate about how important this is to a successful social media program.  There is tons of evidence that each fan is worth some amount of money and how important interacting with you community is to making your business run.

I won't call bull shit on this thought...I think it is valid, but I would have to argue that in my adventures around the social media landscape people really have no clue as to what value this really provides.  In fact every single metrics tool I have seen for Facebook is really just a lot of cool stats with little to no depth behind them.

For instance, I have been quoted the social media riot act by many digital people when they talk about their PTAT scores. And I have to ask, "they may be talking about this, but do you know what they are really saying and whether it is positive or negative?".  The answer is usually a deflate no we don't but they are talking about it.  How can you truly measure the impact of something if you have no idea what the nuance is.  Statistics that move when you do something is definitely a response, I won't disagree with that, but insight comes from understanding not movement.

So what if you could "understand" not only that they were talking about it or commenting about it, but really know overall whether your captive audience was speaking positively or negatively?  Wouldn't that bring the insight you need to do a few important things?

#1 - understand your audience
 If you can tease out what they like or dislike within this conversation, you can really start to think about the cause and effect of you creating content for your community. Instead of driving an unstructured dialogue you can listen better so you can know what they want to talk about or are responsive to.  Knowledge is power and understanding is part of that equation

#2 - Control the dialogue
If you could understand your audience you can actually now "drive the discussion" in an informed way.  This is the value of pulling from this captive audience gets more valuable when you can start a "listen and learn loop" with your community.  By pulling (and understanding your audience) you can better push to drive the messages you want and then learn and loop from there.

#3 - Know your consumer target
This is an important one.  There is a ton of discussion around using social media to make sure you are talking to your target audience (or consumer demographic in business).  If you can actually make sense of and then control your fan audience you are actually talking to your consumer.  Couldn't it be argued that your Facebook Fanpage audience is your target demographic.  It doesn't matter what their age is or where they come from...the point of a fanpage is to talk to people who love your brand.  And this may be the biggest secret...your fanpage is your demographic and understand the captive dialogue is the path to a real time understanding of your consumer all the time.

Now this brings me to the point of this post.  As a use case, many companies are trying to figure out how to better sell to their customers.  So you have a sales team and the are responsible to sell products or services to these customers.  I used to be the customer and I had many suppliers come to me telling me they understood my consumer and I used to laugh.  With social media understanding and the ability to look at a FanPage, a sales team can easily study their potential clients core consumers to be better prepared to sell.  It is the ability to look at a meandering demographic day by day to really track what is most important to the consumers of your customer.  This is a sort of slam dunk way to be better prepared to sell using social media pull as a method.

The question is who hast he technology to really understand what is in that captive audience.

Stay tuned....the answer might come soon.....


Thursday, September 20, 2012

Being PULLY so you can way more PUSHY

One of my great blindspots over the last year is my focus on talking about social media from a minority perspective.  What do I mean?  As described in an earlier post, there is social media pull technology and social media push technology.

The post Links are here "link 1" and "link 2"

This segmented view of the social media market is something that opened my eyes to the fact that my conversation with the world was very lopsided.  And while I am definitely fluent in social media pull language and technology, I am not as fluent in social media push.  And where there is awareness, there is learning.

In fact, a great moment in clarity happened this week.  We recently hired a very talented new person in our company.  As we sat down to get acquainted, I started to share this idea of push/pull with her.  As I described to her this idea she stopped me and told me this simple concept was very helpful because since starting at our company she was feeling lost as she learned what we are doing.  She then told me that she had been working in social media for a long time, but wasn't quite sure why our language sounded so different.  As we talked, she confirmed for me that she now understood the difference which would help her think through this problem because now she could see why.  It made me tell her, I need to learn your language as well.

In order to further crystallize this methodology of thinking about social media push/pull, I thought I would take a couple of use cases that people think about in their social media lives and bring this concept to bear with some thought starters on how to make it work.

In my work, I hear a lot of different use cases that are interesting to folks.  They include such things as campaign management, new product innovation, B2B selling and issues management.  I will start with Campaign tracking and do the other ones in other posts to come.

Let's pick them off one at a time...

Campaign Management - People always ask us if there is a good way to manage campaigns, because people are looking to understand their social media ROI when promoting their brands.  We can all agree that a campaign by its nature is push marketing whether it is social or not.  The mistake people who are not well versed in pull social media make is when they want to measure their campaign effectiveness they tend to stop short of really pulling key information to help their campaign.  They usually want to pull the metrics of their launched campaign.  This can include tracking buzz, sentiment or other simple volume based metrics.  They never really go deeper the way they now can.

How about a new scenario.  You are about to launch a new campaign for your brand.  Before you even design it couldn't you take the time to study where people are talking about your brand.  You could study where the most positive sentiment is on what websites.  This PULL would allow you to more accurate target where you PUSH your message.  In fact, when you are searching for the where, you could actually figure out what they like or dislike about your brand on that particular target.  Armed with more information of where they talk and what they like or dislike you can now craft more targeted message in the place you now push.  You single messaged campaign could be segmented across a similar but targeted social geographies (website etc).  Now you launch the campaign in a different way.  Because you can understand using PULL the reaction in-flight you learn that of the 5 customized and targeted campaigns 3 of them hit the mark as you expect, but 2 of them do not. In fact 1 of the 2 could use the message from one of the other successful campaigns.  Now because you studied it in flight, you can adjust and adapt to make sure the message you want hits your target in their soul.  After it is over, you can track and measure what went right or wrong.

Where is the ROI?

The ROI is founded in the simple fact that by first understanding where to push and what message you could push, you have the power to really understand what is important rather than simply hope.  Yes you know your consumer, but the cost to do so is so much higher when done traditionally versus simply using social media analytics to learn.  So you have probably saved money using social versus traditional means.  Second, figuring out yourself quickly and inexpensively where people are talking about your brands as well as elements of your campaign allows you to more effectively tighten your message and deliver it where it counts.  One of my big complaints about PUSHERS is they have lost the notion that they are simply pushing more and more content to a world that is creating it faster then they are.  Do a search sometime on topics similar to or around your brand.  You will find that in your space no matter how big your brand is, it is still a small part of a much bigger conversation pie.  And lastly, by learning more quickly about the success of your campaign you can take those learning and more quickly create the next more successful campaign without waiting weeks for the traditional measure to tell you your effectiveness.

The disconnect is no one's fault but as I learned in the innovation world...

If you don't have clear operational definitions then you will simply be saying two different things.  Pushers and Pullers don't speak the same language and because of that the ability to use social media data is severely diminished because no one is looking at the total picture...


Tuesday, September 11, 2012

What is a Chief Evangelist? Besides CRAZY!

I have been thinking a great deal about the following question...

What is a chief evangelist?  I am one (at least my card says so), but what the hell does this really mean?

Here is a scenario that I live through every day now.  I meet someone (it can be at home or at work) when I inevitably tell them my title/role (either by giving them a card or telling them my role) they do one of three things

1.  They laugh with a smirk like my job is bullshit
2.  They are really interested and curious
3.  They are actually envious because my card is cooler than their card (which is a funny reaction to me).


The reality is this.  I work in a role (and have my whole career) that is mushy, squishy and for many an easy way to totally dismiss the value we try to bring everyday to our work.  

In fact, I often will react to all of the differing reactions to try and defuse the awkwardness by saying, "I don't know what it means either, but that's the title they gave me."  My response is to try to bring jokey clarity to  to the moment.  What moment?  The fact that people are trying nicely not to admit they have no idea what I actually do in a role they can't fit into a traditional box.  And as I have learned for many years, when people don't understand it they often ostracize you or ignore what you can do to help.  Jeez, I have had people I am interviewing for jobs questioning why they are even talking to me at the beginning of the interview because if the title can't be tied to legitimate revenue generation in a way they understand it, then the person must be a laughing joke that no one pays attention to.

For me...it is my career.  I have lived on the front end of the business since I started in it.  I have held following roles over 15 years.

New Products and Technology Scientist (the easiest to follow)
Technology Broker (Huh?)
Open Innovation Networker (Squeeze me?)
Global Vice President of Innovation (How the hell do you measure that?)
Chief Evangelist (Hardy har har).

I am clear on what I do, and now I understand that it is my fault they don't understand the wacky path my career has taken me.  In fact, I have bubbled it down the following way.  I am two things an Innovation Navy Seal and a Muse. 

Innovation Navy Seal - I like to land on the beach before the army gets there, use my specialized skills to identify the opportunity to take the beach so I can guide the army onto the beach successfully.  I don't need much help to figure out the path, but to actually take the beach I need the resources the army brings so they can successfully take the beach quickly and with limited casualties.  If I were in charge of the beach everyone might die, because I can't manage the  details of actually taking the beach.  After giving them the path to the take the beach, I leave for the next one.

Muse - It is fun to be part of working with partners to provide a different spin on things.  You are there to help partner to make it bigger, broader, and different.  You don't own that decision, but through strong relationships you help work to see things collaboratively that are usually missed.  You help partner to make ideas bigger and better with the knowledge your partner has but you don't.

I am digressing.  Why write about this when talking about a chief evangelist?  Because it needs a definition that helps one avoid the laugh...

Here is my definition based on my experience doing weird jobs for many years.

A Chief Evangelist is the CTO of the marketplace.

After two years of doing this job, it has become clear that this role is very important to help shape the direction the market is going.  It is not about shaping the market from a business perspective as much as a cultural one.  It is about working with both the sales function, the product function, the marketing function and the services function to understand what helps create new deals, what makes people say yes to them and ultimately what it takes to manage those deals once they are signed.  It is about bringing the needs of the customer to the development of the product with recommendations focused on bringing the greatest total value to the greatest number of customers.  It is about helping be part of sending the message to the market by shouting out the wonders of your offering and how it helps create and do unique things for the market.

Being a Chief Evangelist is about helping people see over the horizon why this new idea is worth investing in, why it is worth doing so with your company and why you are going to help them champion this new idea across their company.

Being a Chief Evangelist is about being willing to push the envelope on behalf of your partner by standing next to them when they fight within their organization as well as with  your own organization.  Without your support those who believe in change need the help of someone who understands not only what that change can bring, but why it is important and how to show people where they must walk to get value from it.

Being a chief evangelist is helping coalesce the needs of the market with the efforts of your organization.  The market speaks one way and you are responsible to make sure the market's broad descriptions can be prioritized and discussed in your organization in a way the brings the maximum revenue growth.

Being a chief evangelist is about showing others the skills they need to more successfully convince others why they need to buy into the change your company is selling.

Being a chief evangelist is to have a thick skin for those who simply think that careers are something that are made up of roles and not based on the skills we acquire.  For many years, I have built skills as the center of my efforts and figure the roles will find me.  As an evangelist, I am a change agent who works to bring tangible value to any situation that it is needed.  I want to own the start (Innovation Navy Seal) but not the implementation.  Why is that more valuable?  Because the market is constantly changing and to be the best navy seal one can be we must live on the edge and not on the beach too long.


I have been given career advice for years not to talk about being an innovator or a change agent because it scares most people off and makes them believe you are not valuable and full of fluff.  While I agree this has definitely been a challenge for me in my time in Corporate America, I ignore it.  Why?  Because there is a need for those interested in the challenge of working at the front of the funnel.  And while I never dismiss the advice that one needs to bring tangible value, I am finding that by focusing on building the unique perspectives and skills to take on these difficult roles, one is able to bring change faster and tangible value more quickly.

More concretely...How does an innovator describe what they do at the highest level.  I give credit to a very inspirational man, John Jenson (link here), who helped me when I was down.  He helped me define what I do...

Here it is...

All companies have two things; their products and services they create and their balance sheet.  You need one to drive the other.  Between these two incredibly important things is a hole.  This hole is filled with things like culture, processes and new ideas.  All of them build both your products and services and the balance sheet, but when you don't have them you end up having a mess.  A change agents job is to make sure that hole is filled and a strong bridge is built.  I work on making that bridge strong and unassailable.

A chief evangelist does the same, only for a companies' products and services that are constantly changing for a balance sheet this trying desperately to gain a foothold so it can grow. 

Being a CTO for the marketplace is as important as being a CTO who builds great technology for the marketplace.

Without a Chief Evangelist and a CTO you could run the risk of being to slow in a market that moves faster than ever....





Saturday, September 8, 2012

The elusive social media ROI - Pinteresting!

We are all trying to figure out how social can actually help drive business.  It is a problem on the tip of everyone's tongue and while people are often clamoring for the answer, they continue to blindly do the things they do because they now have to.

No one ignores the impact of social.   It is becoming impossible.   What is impossible is the human resistance to getting out of the box about how it applies to what you are doing.

In my last few posts I have spent a ton of time expanding what I am learning by bringing the concept of push and pull into the dialogue.  This realization that so much of this ROI discussion continues to be about creating content as opposed to learning from it something that I believe must stop soon.  Why?  Because without thinking about the picture in a total and complete way it is like trying to go from zero to 180 miles an hour in five second with a scooter as opposed to a Ducati.

Just like everyone, I am on the hunt for ways to apply social in a meaningful way.  A while ago I wrote a post about why we won't see the dotcom bust again (post here).  In this post, one of my key ideas is what the rise of twitter and facebook brought about the ability for individual nanocapitalists (what is a nanocapitalist?) to be able to easily and freely market oneself.  I got this idea from watching my sister.  She is a world class photographer who is continuing to successfully build her brand through the free marketing she does on social.  She was a wizard at drumming up new wedding clients using facebook.  She blogs consistently about what she does that is special and now...she has unlocked value from a place that everyone is struggling to understand.

What has she unlocked and been able to articulate...PINTEREST.

Yes...pinterest.  I have to say...and maybe it is a guy thing, but I don't get it.  I still don't get it and frankly one cannot get everything on social because we all innovate differently.  That being said, I recently read a post my sister wrote about pinterest and what blew me away is the actual ROI she is creating through it.

See her post here...(link to kristin chalmers photography blog post).

If you read this it will make total sense.  It did when I read it.  But let's dig into it a bit.

Firstly,  Kristin Chalmers uses pinterest to "communicate" with her clients.  She does this in a unique way.  Some of the greatest successes in business come from hybrid mash ups.  When a market research firm goes beyond survey's to actually bring unusual methods like video or social they have morphed.  When an innovation firm integrates technology based ways to understand the consumer quickly and more cheaply they own the space because they a ton more with less.  And when a photographer goes beyond simply taking orders and focusing simply on the what the customers wants and makes production partnership that forces her clients out of the box, you get wedding innovation.

See the excerpt below to see what I mean...

"Plan your wedding and let your vendors know your vision – This part is tricky and I have a love hate relationship with how Pinterest helps but can also make photographers and other vendors a little frustrated.  This is really the inspiration of my post and I will get to the bad stuff about the Wedding Boards and Pinterest issues a little later.

Here is why I love it!  – I love sharing ideas with my couples via Pinterest.  For example, I have a bride in December of this year who told me that she really loves pine cones.  So one night I searched around on the web for pine cone bouquets, center pieces and and even cake decor.  From there I pinned all kinds of beautiful images to my “wedding ideas” board and then “tagged” her so that these images on my board were sent to her board directly as well as sending her an email of the actual “pins” that I just put on my board. I know, that sounds a bit confusing but if you are a Pinner, you get it."

Here is one of the most innovative examples of my concept of PUSH and PULL (Post on subject here).  She has frigging figured out the balance of push and pull in social using pinterest for god sake.  Rather than simply sharing it, she actually gets value from it to help CONNECT with clients.

1.  She PULL directly from her client what they like. (PINECONES)

2.  She PULLS from THE CROWD to learn what is possible about PINECONES.

3.  Then she PUSHES content from what she PULLED to help them think (MORE PINECONES) about what they might like.

4.  They are now partnering quickly and effectively to decide which direction to take.

Why is there ROI?  Because through simple communication, my sister has figured out how to move clients from simply telling her what to do to engaging in a dialogue where they are collaborating with all the data in the world to come up with something better.  This creates tangible and innovative value from her service and over time methods like this will enable her to charge higher prices.

And here I am writing about it marketing her genius as an innovative wedding photographer to the social media community (the few that read this blog).

Innovation comes from all angles and social has opened the box on the ways we can come up with collaborative ideas to create, influence and learn...even at 41 a brother can still learn from his older sister.

Read the rest of her post...it is mind blowing.  It is a novel fit in what is becoming a clearer puzzle in the quest to leverage social media for business.

Social media...its not just for breakfast anymore.  This clearly moves the clock up 5 minutes to 9:20.  I am getting hungry for lunch...maybe when people start to find balance in push and pull, will we get closer to social media high noon;  the minute those who are behind will be shot in the back.