B2B: The Business Side of Social Media

B2B Social Marketing

  • “You can’t do social media from a standing start.”
  • “You don’t have to pull your kimono completely open.”
  • “Content is the catalyst of the social web.”
  • “Be helpful. That’s the magic pixie dust.”
  • “Where there is no margin, there is no mission.”

One of my favorite things about social media is what I call “serendipitous discovery” — the process where you begin by reading something which leads you to something else , and that leads you to another thing, and so on until you wind up finding some tasty nugget that you hadn’t intended to look for at the start. You just follow the trail.

And so this morning, while checking the Twitter stream of a friend of mine, CK Kerley, whose expertise in B2B digital marketing is second to none, I noticed one of her Tweets thanked someone unknown to me (Allen Silveri) for an “awesome article”. Being a fan of awesome articles on B2B marketing I checked out his Twitter stream hoping to find that link and, not finding a reference to an article, went to his agency’s home page, Schubert.com. That led me to their blog and this entry, Social Media Truths in B2B Marketing by Schubert’s PR Director Brian Courtney, regarding insights gleaned while attending the Social Media @ Work Conference in Harrisburg last October.

Whew! Got that? Brian identified five takeaways from speakers at that conference which I believe make sense for anyone engaging in B2B social media: (click for more) Read more of this post

When to Say “No” to Your Social Media Marketers

See photo credit belowMore and more people are calling themselves social media marketers these days,  so how do you know the one you are working with is giving you good advice?

As always, my recommendation is to first hire a social media professional (someone employed in social media for at least five years) as your in-house guide, watchdog and subject matter expert. Until then, here are four red-flag warning signs that you’re getting bad advice from your social media marketer: Read more of this post

Who Owns Social Media? Ultimate Answer: The Opposites

I’ve seen it first-hand. Despite companies aspirations to openess and full cooperation, there exists a rivalry over “control” of social media with the main combatants Communications/Public Relations (“PR“) and Marketing/Advertising (“Mktg”), leading to internal battles, mistrust and inefficient social media use by both.

And each discipline has valid reasons for wanting this. For PR, social media is a communications, corporate reputation and thought leadership opportunity which will lead to increased, unpaid brand mentions — “earned media”. Mktg views it as an additional opportunity to advance its message to potential and current customers to advance its sales goals.

PR Only or Marketing Only Doesn’t Work

Both have valid points. And the truth is, that utilizing social media by one area without the other is a losing proposition. Organizations that relegate social media to marketing only are losing the vital advantage that social listening; conversational engagement; brand enhancement and thought leadership brings when marshalled by PR. Also, improper use/overuse of social media for purely marketing/advertising purposes can have the opposite effect of turning off your audience to your social media efforts entirely. Similarly, social media use by PR only is a lost opportunity to connect with the audience to convey the value proposition of its goods and services.

And so, in most companies that have realized the advantages of leveraging social media there exists either dual strategies or, worse, no strategy at all as both areas do their own thing. This leads to fierce competition for resources and recognition, departmental distrust, and breakdown in communication (ironic, given social media’s utility for increasing communication).

So Where Should Social Media “Live”?

Of course, in a discipline as young as social media (very few of us have been paid social media practitioners for over 10 years) PR and Mktg are not the only areas where leadership social media mat reside. For my 10 years working at AOL it was in the Product division; during my tenure at BusinessWeek it was part of the Digital division; and when I worked at Bloomberg L.P it lived in Communications, but then later consolidated (to my chagrin) into Marketing.

While not the ultimate answer (see below), if forced to make a choice mine would be PR. The upside potential for understanding audience sentiment; deepening end-user engagement; developing brand supporters, loyalists and defenders; and raising awareness of the organization’s goods, services and leaders is best handled by communications pros.

The one caveat: the need for a social media professional, one who has a visible social media footprint, a  and documented success as a paid professional  on staff to lead the organization in developing an overall social media strategy; implement best practices; develop internal social media policy; evangelizing social media internally including education and training and working with other departments such as HR and, yes, Marketing to employ social media the right way is an absolute requirement.

The Ultimate Answer

That is not the final answer to the “who owns social media” question — it’s the way most companies should proceed at the early stages of this discipline. The ultimate answer is: the opposites: “No one” and “Everyone“.

A fully integrated, successful social media strategy’s goal should be where both no department feels that they own social media; but every department is responsible for utilizing it as part of a comprehensive, coordinated effort.

Don’t Blame Twitter — Case Study: STRABAG SE

Austrian based STRABAG SE, one of the largest construction companies in Europe with 73,600 employees and annual revenue of € 12.B (both as of fiscal 2010), posted this update on Twitter after 18 months of use —>

In an email to IR Web Report (whose article inspired this blog entry), spokesperson Paula Rhys of STRABAG’s investor relations team said: “We do not see any benefit in using this social media tool for the time being. Stakeholders did not discuss actively with us on Twitter despite our efforts to ask questions.

Now, regular readers of this blog or my Twitter stream know that a recurring theme of mine is that companies need to place the responsibility for its social media initiative in the hands of a social media professional. A quick review of this move by STRABAG underscores this requirement.

The Facts
STRABAG created their Twitter account on August 5, 2009 and issued its first tweet two days later (“Largest construction company in CEE

  • It has issued 146 tweets over the 575 days from inception to the date of this entry (~4/week)
  • It follows 524 people, is followed by 527 and appears on 32 Twitter lists
  • Its bio info is exactly the same as its first tweet (see above)
  • Its profile provides a link to its home page: http://www.strabag.com

The Analysis (aka Why They Were Doomed to Twitter #Fail)
First, let me say that the mistakes STRABAG made are not uncommon when companies apply traditional marketing and communications strategies towards leveraging social media. I do not mean to assign blame to its communications and marketing teams — it’s not their fault — they were simply operating the way they were trained. But, Twitter, and indeed all social media, is a different animal. Here’s what they did wrong: Read more of this post

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