Showing posts with label Social Influence. Show all posts
Showing posts with label Social Influence. Show all posts

Friday, December 19, 2014

Data Deconstruction: Understanding Complex Social Influences

When you deconstruct and simplify your complex data patterns, you can better understand the data and build better social media marketing programs. What are you waiting for?
With the holidays approaching, I’m hearing the familiar descriptors in campaign and interaction data charts: no doubt you’re hearing them, too. "This time of year, we typically see a dip (or rise — I hear both) in traffic as business slows (or ramps up.)" I started wondering: How much of this is accepted as belief, and how much is based on data? And more importantly, how can data deconstruction and modelling be used to extract really useful information, supporting better-performing social campaigns and programs?
A few years back (actually, quite a bit more than a few) I worked for NASA|JPL on the Voyager spacecraft. In order to prepare for planetary fly-bys, we’d simulate maneuvers, use of cameras, power up the various detectors, etc. As we did this, we captured data: my team was responsible for understanding how ambient temperature affected the spacecraft’s radio receivers. As we turned instruments on and off, and as we rolled the spacecraft’s receivers toward and away from the sun, we’d record the temperature of the receivers, gaining information that was critical to keeping them locked on the Earth.
So you’re wondering: what does this have to do with understanding the performance of my marketing campaigns on the social Web? A lot, actually. Like the temperature of the receiver, your campaigns are impacted by some things you do directly, and by some other things that occur and thereby impact your programs indirectly: external events, competitive announcements, etc. I wrote an article a while back about the importance of launching campaigns on specific days of the week on this same topic.
In the case of a metrics following marketing campaigns — tallying social data around the interaction of customers with each other in a discussion forum — there are of course direct drivers of behavior: if you change the offer, if you alter the forum navigation or change creative elements, then you’re likely to see a change in traffic, conversion, bounce…the set of metrics that depend most closely on the parameters or attributes you just changed. No news there.
But you’ll also see other changes: the effects of holidays, or an event in the news, a product recall, etc. It impacts your results, so you have to explain it. Even better — after all, if it happened once it will probably happen again — you can try to understand these factors and build them into your planning model. How? You can use the use the same techniques I used at JPL to pick apart the various contributions of each of these factors. The benefit? Rather than assuming, you’ll know if what you are seeing is because of the holidays or instead an indication of an underlying cause that you really need to pay attention to.
Here’s how it works: Take a look at the charts in Figure 1: on the left is a typical representation of weekly social interaction in a community: weekends are the low points, with visitors more active during the week. To the right are two different "trend" interpretations of the pattern in the data.
understandingtrends-fig1
In the center chart you see a typical linear trend line: Excel will do this easily. The point here is that by choosing the start/end points it would be just as easy to redraw the trend line sloping downwards or flat as is was to draw it upwards. Now take a look at the chart on the far right. Instead of a liner trend, the chart is split into two parts, with a flat trend line fitted to the each of these. The insight is this: if you strongly believe there are no influences on your results other than the changes you are making, then the data likely falls into a single set and the center chart (the slope of the line notwithstanding) is the right analysis. But that’s not always the case, and splitting data set may help you spot external influences.
If there are also external events occurring, splitting your data may be better approach: deconstruct your data into sets of components and see. Artist Piet Mondrian made creative use of deconstruction: start with the complexity of real life and reduce it — deconstruct it — to more clearly show the fundamental elements that collectively contribute to the complexity observed. Check out the progression from left-to-right, as the artist’s early work slowly gave way to a radically deconstructed view of the world.
understandingtrends-mondrian
To deconstruct social marketing data, start by separating local periodic cycles (weekly traffic patterns, for examples) from the larger global (external) influences. Create a model for the local cycle — in this case the weekly up and down that repeats regularly and lay it over the observed data. In the chart shown on the left in Figure 2 I’ve created a curve (using the polynomial trend line option) that fits the weekly data. On the right, the cycle has been plotted (red) over the original data using the baselines from Figure 1, far-right chart. The fit looks good, especially when compared with the single linear trend.
understandingtrends-fig2
A couple of notes: nothing about this analysis says it any more "correct" than a single trend (or any other tracking model). Rather, the idea is to look at your data in more than one way, and see if the alternative views produce insights that lead to a better understanding of what is actually happening. Ultimately, the decision is yours: it’s your "marketing gut" that has to check the validity of the results.
Take a look at the charts in Figure 3: I’ve removed the original data, leaving only the model (red, chart on the right) representing the curves that were created based on the model of the local cycle and suspected discontinuity (the separation from on data set to the next). On the right, the model itself is de-emphasized (now shown in gray) to highlight the chart feature of interest: the discontinuity in the data between the two baselines. The task now is to explain this, and if it’s material to predict its impact on future campaigns.
understandingtrends-fig3
Why go to all this trouble? Rather than trying to make sense of a graph like the original chart containing all of the complexity of the real world, it’s often easier to look for a simplifying model and then deduce why the specific characteristics of that simplified model do (or do not!) apply to your actual results. In the case described in this article, a half-year of cyclical data has been reduced to a single repeating curve and one discontinuity — a step change — in the data. This helps to zero in on the data itself and ask the important question: "What happened right here?" If an answer is found, that provides a big clue into understanding external events that may impact future campaigns. This is information that can be used to make better (in the quantitative sense) statements about how campaigns actually perform, and therefore to make better decisions on how and when to run them.
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Friday, April 11, 2014

Why Brands Shouldn’t Rely on Social Influencers to Get Them Everywhere

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There’s something to be said about having friends in high places and on the internet especially, this can translate to making your social presence sound like a bigger deal than what it really is. Enter the rise of the social influencer. Influencers are noted for being persuasive in all things they do online and arrive with thousands in their following entourage, with many of those thousands ready to hit retweet, like a selfie, or reblog a post at a moment’s notice.
At first glance, the appearance of these all-powerful influencers looks like a huge, free opportunity and one that major brands must jump on. “Identifying influencers” is now a major aspect for many social media and PR agendas – by targeting those with huge social presences and giving them some VIP freebies, they will then agree to endorse your brand to their own extensive following and through retweets, favorites, likes, and comments, well… there’s no need for an advertising budget, right?
Not quite. It’s easy to fall under the impression that influencers are here to save the day for your company, but remember that only thinking from meme to meme is hardly a long-term strategy when it comes to your overall brand image.

Saturday, July 21, 2012

Social Influence: How 'Friends of Friends' Are Key to Earned Media


With social media marketing becoming the staple of communication between businesses and their customers, content creation and a well-developed and executed strategy is vital in order to increase your brand's social reach and grow your customer loyalty.
A survey conducted by DDB, a leading global ad agency, states that 75 percent of Facebook users who follow a brand have made more than one online purchase recently, and 84 percent of them use the brands that they follow. According to a survey byMarket Force, 79 percent of consumers 'like' a brand page to receive discounts or other incentives, and 70 percent of them are looking for details on sales and events.
These figures should easily tell companies one thing: Consumers on social media platforms like to be informed, and like to receive things in return for their loyalty. Facebook, Twitter and YouTube are platforms for brands to have a far more targeted reach than traditional advertising, and when a consumer likes or follows a brand, it means that they want information, and that they intend to take action with the knowledge provided to them.
Consumers apply what they see on a brand's social page to either purchasing decisions, or more importantly for brands, the purchasing decisions of others through personal recommendations. This is a vital insight that marketers should begin to pay better attention to, especially with words like "social influence" and "social reach" becoming more of a marketing objective as opposed to a marketing term.
When a brand posts content and a fan likes or retweets it, it's not just giving an increase to the company ego, it's providing a huge boost to their visibility. Continuing with the Market Force survey, 81 percent of U.S. respondents said that posts from their friends had a direct impact on their purchase decision, while 80 percent of them stated that they tried new things based on friends' suggestions.
With that said, posting unique content for the sake of posting unique content is a trend that ended almost as quickly as it started. It's no longer just about unique content; it's more about how this unique content can add value to your company with respect to your brand's social reach, visibility and most importantly, ROI.
The trouble with a content creation strategy is that it's very difficult to define how much content should be posted in order to promote your brand and how much should be to drive engagement, and maybe even how much should be a combination of both?
Promoting Your Brand
Like traditional marketing and advertising, social media marketing should have an underlying goal of promoting your product, driving website traffic, turning leads into conversions and all of those great marketing objectives. But, how can you do so in a way that is both engaging and not overly "sell-y"?
By giving your social following exclusive access to new products or promotions, such as holiday specials or seasonal product lines, your customers will begin to realize that there is value to them in following your brand. That is the key: They are your advocates and your most loyal customers, so give them something to show your appreciation. This will not only promote your brand, but will drive website traffic, and with every like, comment, retweet or @ mention, your visibility will increase with the hopes that some of the 80 percent of the aforementioned consumers will try your brand based on their friends' social recommendation.
Driving Engagement
The idea of "pull marketing," isn't a new concept, but continues to hold clout for any brand looking to drive fan engagement. Instead of pushing all of your content, why not mix it up and ask users to promote your brand for you? Ask your fans for content in the form of pictures or videos that are unique and relevant to your company, locality and industry.
For example, if you were a retail store in New York City, ask your fans to post pictures to your wall of them wearing the latest summer collection. "We want to see how our fans are keeping cool this summer with our 2012 Summer Collection. Show us how you keep it real in this NYC heat."
Not only is this a good way to show off your customers by featuring all of their posts, or shooting these photos or videos up on your branded blog, but every time a fan responds and posts their pictures, all of their friends will see that they posted or Tweeted to your page, in response to your post. It doesn't guarantee any more fans, but it immediately boosts your visibility to "friends of friends" -- 80 percent of whom might try your brand because of it.
Combining the Two
Social loyalty comes in many forms such as sweepstakes, contests, polls etc. The combination of promoting your brand and driving engagement can come in the form of one of these loyalty tactics. According to Hubspot, 70 percent of those surveyed participated in a brand-sponsored contest or sweepstakes, while 24 percent actually produced content in order to participate in a contest, or in other words, posted a picture or video per the request of the brand contest rules.
Key Takeaway
Consumers looking to follow their brands are doing so mostly for exclusive deals or promotions, the latest news and to be advocates for your brand. Those consumers looking for exclusive deals on social media are very likely to register for contests and participate in them if they see some kind of value in it, maybe coupons or access to exclusive online-only products. Loyalty programs are the best way to drive engagement, promote your products and ultimately increase your brand's visibility.
This should drive home the fact that brands of any size, industry or location should focus on creating a content strategy that produces content worthy enough to be shared or to be interpreted as adding value to the consumer's purchase decision. What your brand is posting on a daily basis will impact not only the consumer who follows your brand, but has the potential to influence all of their friends and followers as well.