We held a great panel discussion at our Ogilvy event in NYC last week with Mashable, Facebook, Unilever and Buddy Media. The topic was 'How Facebook Changes the Game for Brands." Great session.
Three things that came out of it:
1. Facebook warrants a strategy: while our own team often argues for brands to start with strategy before jumping to platforms, Facebook has reached such a critical mass and there is so much pressure to be there that brands - especially B2C - need to developa strategy to use it and use it well.
2. Don't count Twitter or FourSquare out: Adam Ostrow from Mashable made it clear that these platforms had their strengths and marketers shoudl not assume that Facebook would eat their lunch. Some discussion went back and forth about how imminent it may be for Facebook to release game-like qualities to Facebook Places to rival FourSquare more clearly (Adam from Facebook remained silent on this). Adam O.'s point was that these platforms not only have compelling qualities but that they are getting sharper about providing useful advertising solutions like promoted tweets. ,
3. Brand marketers use The Five Social Media Platform Brand Strategy: While Facebook is important, many brands are executing programs across multiple social platforms. These may all change depending on the business and the market ( e.g. Coke (cl) includes MySpace in their strategy; brands in Brazil include Orkut). Even though the exact platforms may vary, brands are often using Facebook, YouTube, Twitter, LinkedIn, and Flickr (or, again, some variation on these) in tandem. They see the value in each. They understand they need to be where their customers are and balance that with content publishing and search optimization goals (e.g. its important to be in YouTube, the #2 search engine, so let's post our video there and embed in our other properties even our Facebook page). This drives brands to adopt a conversation and content management strategy that plans which content to distribute where and how to drive the best engagement on each platform.
While most of the social CMS systems are focused on a few platforms, most will adopt extra capabilities to publish across the "Five Social Media Platforms" of choice for a brand and do so across language markets.
Twitter and FourSquare definitely have their uses. Recently I've been seeing a lot of location based promotions pop up that utilize FourSquare, and they seem to always be successful. Twitter is useful for keeping your loyal followers up to date with any contests, giveaways, and new events your business is involved in.
Posted by: Kolb Learning | November 16, 2010 at 11:16 AM
I wonder what modification would be to this list for the B2B sector? LinkedIn, Twitter, YouTube for sure. Flickr too if there is a valuable resource of photos. Any others??
Posted by: Dean Ford | November 18, 2010 at 01:21 AM
Yes, too many businesses are in a hurry to get onboard Facebook, that they quickly set everything up without much thought to a proper plan. They don't realise that there needs to be decided tabs on the page, and content created for those tabs. As well as someone to specifically manage the page, post updates, and respond to comments.
If businesses really want to make Facebook networking as effective as it can be, a proper plan and strategy needs to be in place.
Posted by: Abnormalmarket | December 31, 2010 at 08:41 PM
Jumping into the bandwagon may do harm to your business than good. A good social media campaign plan is necessary and some yardstick as how you will measure the effectiveness of your campaign.
Posted by: larryhanson28 | March 01, 2011 at 06:50 AM