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A New Media Evangelist describes his thoughts on Business to Business (B2B) Social Media Strategies

One of my favorite bloggers is Jeremiah Owyang. If you don’t read his blog, Web Strategy by Jeremiah, you should!

Jeremiah wrote a post recently asking for thoughts on The Many Challenges of Corporate Blogging. Since this is something that I have spent the past 16 months working on at a $1.2 billion company, I feel that I can add some perspective. Let’s take a look at these challenges one at a time:

1. Most (blogs) don’t receive a lot of traffic:

Yes, this is true, but its not as important as the Traditionals might think. New Media is about the power of the small audience. I’d rather have 200 regular readers who are passionate about my product or service than 10,000 looky-loos driven to my site by a contest to win a free MacBook Air. It’s all about the RSS subscriber. If someone has gone out of their way to subscribe to your corporate blogger’s feed, they are making a statement that they trust the blogger. Don’t you want to be known as the company with the most trusted and respected employees in your industry?

2. May require a lot of time:

For some reason, there seems to be this notion that corporate blogging is a full-time job. This does not match my experience. My two most popular corporate bloggers write one post per-week and one post every-other-week respectively. As for time commitment, each says that it takes them between 1 and 2 hours per post.

I’ve found that there are two things that are much more important than time:

  • Corporate bloggers need to be passionate about their subjects and LOVE to write. By far the most successful of my bloggers are driven internally to create their content. My less successful bloggers see it as a chore.
  • Corporate Bloggers need to release blog posts on a consistent basis. If every other week is consistent, then so be it.

3. Being conversational is unnatural:

Being conversational is unnatural in business communications because we’ve been taught NOT to do it. Communication specialists are used to writing “Press Releases” and marketing web pages. The good news is that outside of work, employees are very good conversationalists, so they already know how to do it, they just need to break some of their Old Media habits. Training works very well in this area. Lastly, companies cannot forget the most important ingredient of a corporate blog — transparency. Corporate blogs are conversational and transparent, and therefore should NEVER be used to spew traditional marcom drivel.

4. Often, no ending date:

Traditional marketers have these weird war analogies to describe their work. They “launch” “campaigns” and “initiatives.” They “target” markets and “blast” emails. Old Media content has a very short shelf-life, which is understandable if your corporate communications are built around “news.” Stories are only “newsworthy,” for a finite amount of time.

A corporate blogger on the other hand is “married” to their blog. Their posts become part of a searchable database for readers, both new and old, to use for present and future reference. The Long Tail is one of the frequently overlooked powers of a blog — a fact that has caused more than one brain aneurysm to a Traditional with a “fire and forget” communications methodology.

5. As employee bloggers become popular, brands get concerned:

I see this challenge more as a Human Resources problem than as a “brand” issue. Corporate bloggers can become “Industry Rock Stars,” causing their influence to go up, both externally and internally. On one hand, the corporate blogger can be seen as ripe pickings for a competitor who seeks to cash-in on the audience that will probably follow the blogger. That’s why companies need to think-through how to keep these folks happy. On the other hand, I’ve also seen some internal craziness due to the Rock Star syndrome. Influence is power and some will see this power as a threat. If a Rock Star blogger has an opinion on a future product that doesn’t agree with the Traditional whose “officially” in charge of that product, tensions will rise, and quickly.

6. Legal has hangups:

First of all, it is Legal’s job to have hangups! Second, I believe that this challenge should top the list. The very first thing that I did at my former company was to create a Corporate Social Media Policy — blessed by both Human Resources and Legal. The policy states, in non-legalese, what is acceptable and unacceptable Social Media behavior.

Jeremiah also asks the following question: “…how do we react to colleagues that may look like they are making promises on behalf of the company?”

I’ve found this point to be less of a challenge and more of an opportunity. It’s what I call the “Dick Cheney Principle,” the fact that the Vice President is always tasked with being a lightning rod for the President. Corporate Bloggers can do the same thing. Recently, one of my corporate bloggers was quoted in an article. The journalist made a point to say that this was the blogger’s opinion, not necessarily corporate policy. It all comes down to how your business describes the role of its bloggers. If we’re talking the “Official Google Policy Blog,” then so be it. If on the other hand we’re quoting from “Elmo’s Stochastic Methods of Widget Simulation using ACME products,” you may have the opportunity to set Elmo loose!

7. Our employees don’t represent our brand:

I’m always amazed at how little faith the Traditionals have in their own employees. Who are they hiring, anyways? The truth is that not everyone can be a corporate blogger. Some people are much better suited to the task than others, and therefore, it is important to choose the right people. I suggest that companies hire a “blogging coach” who will not only help find and groom corporate bloggers, but will also help coach them.

And lastly, as for concerns about personal MySpace or Facebook accounts, these issues should be handled in the corporate Social Media Policy.

8. Hard to measure success:

The best part of blogging is that there are lots of measurements. The hard part is to extract business meaning from them. If all you care about is “traffic,” you’re already dead in the water. Blogging has less to do with traffic and everything to do with influence. The key is to have someone dedicated to measuring everything. Gather and plot RSS Subscribers, unique visitors, incoming links, and mentions in the press.

The next step is analysis, where someone (perhaps your blogging coach?) analyzes those measurements. For example, is it possible to calculate ROI? Yes.

For example, I know that my blogger writes every other week, spends one to two hours per post, and has some results based on his efforts. He has a growing readership of RSS subscribers, he’s has been mentioned in the press Y amount of times,has started Z amount of industry memes. If I know the fully-burdened cost of his salary, I now have everything that I need to calculate ROI. It’s not rocket science.

Lastly, don’t overlook “softer” measurements. Some of the best stories of influence come from my bloggers who’ll say something like, “Hey, you’ll never guess what happened because of my blog this week.”

I’d like to thank Jeremiah for publishing this list. It looks like there are lots of responses to his post and I recommend that you go and read them all. This stuff is so new, we’re all learning.

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One of the things that I like about New Media is its cause and effect capabilities. For example, when you put something “out there,” people respond.

Last Valentines Day, I had a customer support nightmare with an online flower vendor. In response, I produced a video that I posted on YouTube. Although the video wasn’t watched by millions of people, it did draw some folks into conversation with me. The following video story is a result of those interactions:

I’d like to thank my friend and co conspirator, Corey Scribner of BigOrangeBox, for this video. Corey is a video wizard and fellow New Media Evangelist. You should talk with him for all of your video production needs.

In addition. Are you looking for Royalty Free Music to use in your projects? I use Kevin MacLeod’s Music. Great stuff and very affordable. Try it out.

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Jan 28, 2008

The second of our video series explaining serial content strategies.

or Click Here

Here is a complete transcript of the video:

The Double-Value Curve

Last AmokTalk, we described the Long Tail and the things you need to think about with respect to your marketing strategies. With that as our foundation, let’s look at the data another way. Let’s change this axes from “downloads” to “value” – meaning the value that a particular piece of content means to an individual looking for that content.

And here’s how it works. When you first release your serial content, it may or not have any value to your customer. It depends on whether or not they need that particular information at that particular time. Let’s look at three scenarios:

First, we have a content-consumer who is looking for “timely” content. Perhaps they like trying new restaurants, and their favorite restaurant-blogger has just published a new review. In this case, the information is timely, and so the value to the content-consumer is high.

But what about another content-consumer, someone who has no persistent need for new restaurant reviews? In this case, when the review is fresh, it has no value to her. But then, at sometime in the future, let’s say that she’s looking for an opinion on that new restaurant that she just drove by. Well, at that Moment of Truth, this review will be very valuable to her.

And lastly, there’s is a hybrid example, formed by combining both scenarios. Let’s say that a content-consumer reads our restaurant review the day it’s released, but he does nothing more with the information than tucks it away into his memory. And then, at some time in the future, when his girlfriend talks about this restaurant that she just drove by on the way home from work, he remembers the review, and finds it for her. In this case, the review is valuable at two different points in it’s lifetime — forming what I like to call as the double-value curve.

Newspapers have built a revenue-stream around the double-value curve. Have you noticed that fresh content is free – yet if you need to go into their archives, you’ll need to pay for it? It brings up an interesting question. How come people will pay for information that used to be free? The answer’s simple, because the value of information is directly proportional to how much you need it at any given moment.

Now, I’m not saying to go out and create a pay-for-use model for your company’s serial content. But it’s important for you to remember that the value of your serial content has less to do with you and more to do with the immediate need of your customers. And by understanding the power of the double-value curve, you can build complete marketing strategies around it.

In the next AmokTalk, I’ll share some real world data with you that illustrate the power of combining the Long Tail with the Double-value curve.

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