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Sarah Worsham

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Using Social Networks for Business – What Are Your Goals?

In the first post of this series, What Social Networks Should I Join to Promote My Business Website?, I gave an overview of some questions you should ask (and try to answer) to decide which social networks are best for your business.  The first question, is the most important:

What goal or problem am I trying to solve?

It may help to take a look at some possible answers:

  1. Increase Sales
  2. Increase Traffic to the Website – Why?  This is a common answer, but what does more traffic give you?  One would hope you’re actually trying to increase sales (see #1).
  3. Increase Customer Satisfaction – Good.  This should also lead to #1.
  4. Need more information on how our products/services are doing.  – Also good (and should lead to #1 – see a trend?)

Businesses often lose sight of their main goal – to increase sales.  Don’t become bogged down with all these new technologies and buzz words.  If sales are hurting because you have a customer serice or research problem, then use social networks and your website to solve that problem.

Take a deep breath.  Visualize what you’re trying to do and why.  Now we have a good foundation to move forward.

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Internet Strategy Forum Summit – Innovate How We Connect

Presented by Chris Shimojima, VP Global Digital Commerce, Nike

Make It Better.

Nike’s motto: If you have a body, you’re an athlete.

Nike Plus is an RFID chip in a shoe that interacts with an ipod or a wristband. You can get information on how you run – distance, time, pace, calories burned, etc. On their website, you can connect with other runners, establish challenges, create training regimes, log runs, download music, share routes, etc.

NikeiD – individually designed shoes. Online you can design your own shoes, share your designs and be showcased as a creator. Nike created an exclusive NikeiD design studio experience in NYC for professional athletes. In Japan, they created a mass market design studio to experiment in how to make it work for the masses. Recently they opened two stores in NYC and London for mass market NikeiD.

Nike feels that these services add to the retail experience and do not compete with their existing products. They are a way to differentiate their competitive offerings.

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Internet Strategy Forum Summit – End to End Marketing: A Fundamental Shift

Presented by Nancy Bhagat, VP Sales & Marketing Group, Director Integrated Marketing, Intel

Cost of media is low per person, but is unfocused.

There is a 300% growth rate in timeshifting TV.  But TV is not media, it’s a delivery.  Video will continue to exist, just in different places through different delivery strategies.  Behavior has changed in how people interact with ads.  56% say skipping ads is important part of timeshifting.

Technology is no longer about who is tech saavy and who is not anymore.  It is about the desire to purchase.  80% turn to Internet for information to make a purchase decision. Our targets are online.

People are looking for a person like them, but they don’t need to see or know them directly.  This is defined much differently than previously.

Great brands are no longer the brands that tell the best stories, but are the brands that have the best stories told about them. (needs source)

Power of online marketing:

  • Impact
  • Agility
  • Targeting
  • Scale

Leadership requires flexibility and focus. Online vehicles offer speed and flexibility to test multiple content types in one place and to determine what content is best.

Success metrics are shifting away from traditional impressions and CPC. The ability to evaluate success is critical.  Content is increasingly delivered through social media which is difficult to measure.  We now need to measure what matters – user engagement, behavior, movements & trends.  Data that is not actionable is meaningless.

We need to know what place people are in the buy cycle/qualification.  Data without valid business context is meaningless. We need to understand what activities are valued.  And if things don’t go well in those activities, we need to know what and why.

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