The Future of Social Media Data Collection

Social media was the latest new thing; it first became popular with technology early adopters and millennials. Overtime, social media user demographic has changed, including older ages as well. The excitement is no longer from its creation, but that it has actually become a useful tool in the marketplace. People started using it for personal updates but now realize it has become and will continue to be used for business applications as well.

Going “viral” used to be a main focus and now gears have shifted towards creating meaningful engagement. Content marketing through social media enables companies to inform their customers about whom they are and what products and/or services they offer. According to Larry Kim, “Content is king;” brands are able to share images, videos, infographics in addition to traditional text-based content quickly, at a low cost to a large audience. Social media plays a vital role in content marketing; which is a driving force behind industry thought leadership. Positioning a company as a valued resource center for information builds credibility. This combined with brand awareness can help achieve sales opportunities. It allows companies to engage directly with consumers and learn about them and their opinions on their brand.

According to Chris Marentis of iMedia Connection, there will be a huge shift is data collection through social media in the future. Big data will be even bigger; the connection and reporting capabilities for companies. Connecting personalized customer information with the power of social media allows for real time data collection. This will aid in customer service and also allow companies to reach consumers real-time with offers as they walk into a store. Currently, much of the interaction data is closed in social media, making it hard for researchers to get a comprehensive view of a consumer.

Overtime, this will change; data will become for commoditized as platforms open their site information. According to Marentis’ article, author and social media writer Mark Schaefer estimates “that by 2020, data will increase 600 percent, 75 percent of which will be created by customers, not businesses. Finding ways to mash up and use these data will create huge opportunity.”

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Solitude Session: Thoughts, Feelings and Taking Time to Feel Centered

Taking time to yourself is so important. So much of our time can often be fast paced and consumed by technological devices. One of my favorite simple getaways is to sit alone on my patio, without the television on, without my phone or laptop. I am fortunate enough to have a private patio with a beautiful view of the woods.

During a half an hour relaxation session my mind tends to wonder through many subjects. I think try to think about positive things in my life. Work is a usual topic that I try to focus on the accomplishments I have made and ways to overcome things that are stressful. Personal development also comes to mind, I often think about the future and where my career is going. I feel fortunate my hard work has paid off and I have a fun job that allows me to be creative, travel and have a somewhat flexible schedule. I enjoy the people I work with and am happy to call some of them my friends outside of work. I also keep the work/balance intact which is why turning technology off can be such a great mental break.

Personal life thoughts come to mind during this solitude session. I think about my family and upcoming events such as birthdays, get-togethers, etc. I also think about those who live far away and I miss; likewise with friends and upcoming plans we may have. It’s almost summer and the weekends are already booking up fast with great activities.

Most importantly, I take this time to enjoy nature. Listening to the birds, the wind blow, feel the fresh air and sun on my skin truly relaxes me. I look forward to taking the time to relax and let my mind just think without the distractions of life’s everyday hustle and bustle. It’s like a timeout to focus on myself, my thoughts and feel centered.

Brief Thoughts on Customer Experience Marketing for Brands Utilizing Social Media

Over history marketing and advertising has evolved from the traditional “bull horn” shouting messages at customers to give them information or gain their attention to a more interactive landscape. Customer experience marketing has become a new age branding method and the invention of social media has unleashed amazing opportunities for companies to converse directly with their customers.

Social media platforms have enabled brands to engage their customers with product discussions as well create interaction between those with common interests and the brand itself. The ability to do this allows brands to understand exactly what their consumers’ interests are, likes and dislikes about their products and keeps their consumers up-to-date with the latest product announcements and sales promotions. These social communication channels play an important role in the customer experience with the brand. Consumers look to these channels and if they enjoy them, they are likely to participate more and become/stay loyal customers. This could even lead them share and promote the brand to their friends and online followers which extends brand awareness and reach for sales opportunities. Furthermore, learning what their customers are thinking allows them to adjust their branding strategies and product offerings accordingly with the targeted market information they discover.

This Pinterest post describes this idea perfectly:

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However, as great at these advantages are, these capabilities come with a double-edged sword. Brands have to be careful what kind of customer experience they create. Their actions; posts, blogs, photos, videos, comments, tweets and more if not done well or unethically, can create a negative experience and turn customers away. Also, critics worry that opening such lines of communication creates a power shift by allowing customers to quickly and easily defame a brand. These channels must be monitored, updated and customers answered consistently a brand’s social media pro.

Most of us are familiar with the saying, “buyer beware;” more like “brander beware” for this instance. Use social media channels wisely in customer experience marketing efforts.

Check out this neat customer experience marketing example from Adidas – consumers can create their own shoes using Instagram photos. This involves the customer directly with the brand through a social media channel.

Ethical Issues With Brands’ Social Media Targeting Methods

One of the major ethical issues in social media includes the proper use of consumers’ personal data. This begins with how social networks inform users of what their privacy levels are, how the settings can be customized and how much of their information is actually deemed “public.” A common ethical concern social media data being used for brand marketing; targeting audiences based on relevant associations or unethically through what can be considered intrusive data mining.

A positive to brand targeting through social media can be the consumer receiving messaging that they actually do want. Social media allows marketers to go beyond the normal demographics and psychographics data and access exactly what a consumer likes, is interested in, what they are affiliated with and how they interact/engage with people and products. They truly can understand who their audience is with such specific information.

Social media enables marketers to have a direct channel for their brand to reach the proper target audience. Engagement with the consumer becomes interactive; no longer “top-down” message sending. Brands can listen to their consumers and return information and products through campaigns that are entertaining, caused-based or even political. Social media allows for the traditional communication process to be reversed; creating a win-win for both consumers and the brand. Consumers are able to determine their marketing experience which increases their ability to receive desired messages. Marketers are able to build brand loyalty with the goal to increase sales.

 

However, major concerns come into play when consumers feel like their privacy has been breached by social media. Internet users can opt-in or opt-out of behavioral targeting on legitimate sites; however some companies websites utilize malicious software to collect sensitive data without the user knowing. Consumers can be exposed to spam, data tracking, malware, identity theft and defamation.

Most browsers can block third-party cookies with privacy protection programs to increase security and reduce tracking by marketers. The battle over consumer privacy issues is strong and websites are obligated to give users the option to revoke contextual and behavioral targeting. The U.S. Federal Trade Commission proposed a “do not track” mechanism to allow internet users to opt-out of behavioral targeting in 2011. However, some sites attach malware to consumers’ computers. Malware is an application or add-on to software that alters system settings. It spawns pop-ups, inserts advertisements and mask activities by providing services such as weather reports. Malware makes users vulnerable to identity theft of social security numbers, credit cards and more. It is hard for users to remove; it requires anti-virus programs and sometimes more advanced treatments which non computer-savvy individuals will have difficulty completing.

 

Social media networks are known as public sites where people can share freely. They have comment boxes, wall posts, “like” buttons and widgets all which are trackable. These allow marketers to monitor and analyze consumer behavior on social media. Brands can use that information to adjust behavioral and contextual targeting as well as encourage word-of-mouth and viral advertising.

Privacy issues will arise in his new-age of consumers willing to share and post brand-related content. Companies that use social media marketing strategies must be aware of their increased exposure to litigation on social media channels. In conclusion, I think it is ethical to use social media to target advertising as long as it is done legally and at the consent of a willing consumer.

*References:
Mateo Gutierrez
Boundless

Brief History of Marketing

Marketing has been thought by some to be as old as civilization itself. Culture since Ancient Greece to modern days has been based on trading and selling upon communication to move goods. Many marketing techniques started during the industrial revolution. Mass production along with advancements in transportation and technology called for promotion of products. With nations applying laws against monopolies, competitors needed to figure out how to sell the similar goods. Marketers were created to do just that. They became professionals who could study market and consumer behaviors to determine what products to create, where they would be sold and how they would be properly promoted.

Wikipedia provides the following timeline and periodization of marketing history:

Timeline of Innovation

• 1450: Gutenberg’s metal movable type, leading eventually to mass-production of flyers and brochures
• 1730s: emergence of magazines (a future vector of niche marketing)
• 1836: first paid advertising in a newspaper (in France)
• 1839: posters on private property banned in London
• 1864: earliest recorded use of the telegraph for mass unsolicited spam
• 1867: earliest recorded billboard rentals
• 1880s: early examples of trademarks as branding
• 1905: the University of Pennsylvania offered a course in “The Marketing of Products”[4]
• 1908: Harvard Business School opens
• 1922: radio advertising commences
• 1940s: electronic computers developed
• 1941: first recorded use of television advertising
• 1950s: systematization of telemarketing
• 1970s: E-commerce invented
• 1980s: development of database marketing as precursor to CRM[5]
• 1980s: emergence of relationship marketing
• 1980s: emergence of computer-oriented spam
• 1984: introduction of guerrilla marketing
• 1985: desktop publishing democratizes the production of print-advertising
• 1991: IMC gains academic status [6]
• 1990s CRM and IMC (in various guises and names) gain dominance in promotions and marketing planning,[7][8]
• 1995-2001: the Dot-com bubble temporarily re-defines[citation needed] the future of marketing
• 1996: identification of viral marketing
• 2000s: Integrated marketing gains acceptance and in 2002 its first dedicated academic research centre[9][10]

Periodization

One marketing standard chronology (Bartels, 1974; Dawson, 1969; Keith, 1960; Kotler and Keller, 2006) subdivides marketing history as follows:

• Production orientation era
• Product orientation era
• Sales orientation era
• Market orientation era
• Customer orientation
• Relationship orientation
• Social/mobile marketing orientation

Resources:
Wikipedia and More Than Branding

Current Marketing Trends, Influencers and Targets

Current Trends:

An interesting Forbes article titled, “2014 Marketing Predictions With A Twist” states “marketers in 2014 will finally realize the days of campaign-centricity are over; the customer now controls the message.” Marketers must review each year’s successes and failures to build new effective programs. The market trend is leaning towards more customer focused efforts with the ability to adapt efforts in real time; not necessarily follow a strict campaign calendar. Whether it is responsive design, agile marketing, or learning and working new social channels, marketers need to be more on top of what customers are doing, how technologies are changing and how to succeed during those changes. Digital and social media advertising have continued to evolve and become the top form of marketing efforts for many industries.

Influencers:

According to a study by Impact Radius, an international marketing technology firm, they “compiled a list of the top performance marketing influencers by using a proprietary formula designed to determine blog influence, re-tweet frequency, citations by other influential bloggers and related factors measuring the impact of the top 400 thought leaders. Impact Radius then assigned weights to each factor and ranked the results to create its top 25 list.” See detailed information on their website.

Impact Radius researched the 400 people and measured their influence using a weighted average formula consisting of Alexa, Klout influence, Google Social Mentions, Google Page Rank, PeerIndex, HowSociable and Twitter followers. Criteria required:

  1. The individual needed to have a substantial online social presence.
  2. The influencer needed to have a major emphasis on Performance Marketing.
  3. The Influencer’s content must be educational and not self aggrandizing.

The Top 25 with Blog and Twitter Accounts

1 Brian Clark copyblogger.com @copyblogger
2 Shawn Collins blog.affiliatetip.com @affiliatetip
3 Jeremy Schoemaker shoemoney.com @shoemoney
4 John Chow johnchow.com @johnchow
5 Brett Tabke pubcon.com @btabke
6 Rae Hoffman-Dolan sugarrae.com @sugarrae
7 Missy Ward missyward.com @MissyWard
8 Peter Bordes mediatrust.com @mediatrustpete
9 Pace Lattin performinsider.com @pacelattin
10 Lynn Terry clicknewz.com @lynnterry
11 Matthew Wood affiliates4u.com @matthewwood
12 Geno Prussakov affilinomics.com @ePrussakov
13 Andrew Girdwood blog.arhg.net/ @AndrewGirdwood
14 Greg Hoffman internetmarketinggorilla.com @akagorilla
15 Peter Hamilton hasoffers.com @PeterHamilton
16 Murray Newlands murraynewlands.com @MurrayNewlands
17 Angel Djambazov revenews.com @djambazov
18 Jonathan Volk jonathanvolk.com @jonathanvolk
19 James Martell jamesmartell.com @JamesMartell
20 Ian Fernando ianfernando.com @ianternet
21 Deborah Carney a.k.a. Loxly affiliateabcs.com @loxly
22 Tricia Meyer tricia.me @sunshinetricia
23 Jay Berkowitz tengoldenrules.com @JayBerkowitz
24 Zac Johnson zacjohnson.com @moneyreign
25 Kirsty McCubbin affiliatestuff.co.uk @AffiliateStuff

Targets:

The demographics and psychographics for marketing vary greatly depending on who marketers are targeting and what product they are promoting. Check out a guide to demographics in an article by Entrepreneur called, “Know your Target Audience.”