Domino Theory's Marketing Blog

What's Your Social Proof?

Posted by jon yoffie

When I worked in magazine/web publishing, before the days of social media and content marketing, we'd do annual reader studies to provide advertisers with empirical data showing that advertising was a key influencer in our readers' buying process. Advertising always ranked in or near the top tier in these studies, but always below two more important influencers - word-of-mouth (perennially #1), and independent editorial coverage. We used advertising's ranking as proof that advertising was needed - customers couldn't buy independent editorial and needed editorial and advertising to build word-of-mouth. Well, neither is the case any more!

[caption id="attachment_957" align="aligncenter" width="300" caption="Get the Crowd Working for You!"][/caption]

Independent editorial and word-of-mouth should be part of every businesses marketing program - only now we call them "content creation" or "content marketing" and "social marketing" or "social proof." And where it used to be true you needed 3rd party editorial environments to make these work for you, you now should be creating and managing them on your own!

Let's look at content creation. There is a wide range from product literature to shared expertise. All is needed, but the piece that companies had trouble distributing, prior to tackling internet marketing, was sharing their expertise. Now through blogs and social networks not only is it easy to share your knowledge and expertise, your customers expect it. In fact, if you're not doing that and you operate a stagnant web site, you are probably losing as much business with your Internet presence as you are gaining from it!

Content marketing today includes blogging, video, and use of social networks to share content with customers and prospects. These tools make your business valuable far beyond the services and products you sell by making you a trusted resource that helps your customers find solutions to their business needs. As nice as they are for your business ego, you don't need the validation of the self-appointed media to show your customers and prospects that you should be their partner of choice. By producing and distributing your own content pro-actively you have much better and equally powerful editorial influence. With one caveat - don't fall into the trap of spewing nothing but product info and benefits - this content isn't about creating a commercial for your business, it's about positioning your company as the expert in its field.

Word-of-mouth is where the rubber meets the road in today's marketing programs. Now only can you now monitor what is being said about your products and services, you can participate in the conversation! Just because you're not doing these things, doesn't mean your customers aren't talking about you! Social networks provide an unprecedented opportunity to listen to and engage with customers. Whether you run a deli or a multi-million dollar professional services firm, you can bet your prospects are researching you online.

Ads get skipped on TV and magazines, mailers get tossed unopened, but real engagement in the digital environment can be counted, tweaked and revised to deliver real results. That's the social proof! What's yours?


Have you had success with social media and social marketing? Tell us your story, we're looking for success stories to share with our readers! 
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Tags: Content Marketing, Inbound marketing, social media, Social Proof, El Dorado Hills, word-of-mouth, blog

My Social Media Experiment

Posted by jon yoffie

Welcome to Social Proof, a series of Guest Blogs from business professionals discussing real results from real social media and digital marketing.



By Kevin Knauss
Independent Insurance Agent
www.insuremekevin.com

Social Media was a little overwhelming at first, then I figured out how to use it for world domination.




[caption id="attachment_910" align="aligncenter" width="300" caption="My Social Media Experiment"]Social Proof[/caption]

Back in the fall of 2010 I sat quietly in the back of a room waiting for a seminar on Social Media to begin. Actually, I didn’t know how watching TV news with a bunch of friends was going to help my business. While the take away message from that little seminar was “Pitch your products to your 23 Facebook friends”, I caught a glimpse of how Social Media could work for me.

Without too much preparation, I dove into the Social Media swimming pool hoping that it was not empty. Over the next several months I went to numerous free Social Media talks and spent hours trying to understand the applications on the computer and smartphone.

To date, I am currently using the following applications.

While I am on all these applications, that doesn’t necessarily mean I have leveraged them to their fullest potential. I am still learning how best to integrate all the applications to drive traffic to my website and connect with people in a positive manner.

As an independent insurance agent I am fortunate enough to have the time and few restrictions to pursue a Social Media strategy for my business. Insurance prospecting is also highly specialized with lots of marketing avenues. For instance, I have the ability to purchase insurance leads from companies that capture consumer information entered at insurance quoting websites. (For my take on these scams see my blog post Beware Insurance Quoting Websites) These leads cost between $8 – $15 for a health insurance prospect. This gives me a general benchmark figure for the cost of lead acquisition. Consequently, I know that the average cost of a lead through Social Media must be below the $10 level to be a competitive marketing strategy.

Early on I set out my expectations and goals for Social Media marketing. First, I never expected that I would make direct sales from any application. Second, Social Media was to augment existing marketing efforts such as mailers and seminars. Lastly, while there was a faint goal of generating leads, I really just wanted to get my name and brand out into the community and generate traffic for my web site. As an aside, I have spent thousands of dollars on pay per click ads with virtually no results. I gravitated towards using Social Media because it fit my personality of being gregarious, sharing and conversational.

After a year of using Social Media, going from zero to maybe 45 mph, I am having positive and meaningful results. The overall statistics associated with my website have increased: hits, page views, searches, and requests for quotes. Most of the traffic is driven by my blog posts, which is a part of my website. My Word Press site statistics tell me, key word searches that brought people to my site, if they clicked on any out bound links, downloaded information and who was the referring application: Facebook, Linked In, Twitter or other. The statistics continue to increase as I integrate more Social Media into my overall marketing strategy.

The activity I am getting from Social Media is a confirmation that people are responding to me and not advertising. Similar to when I am at networking function, I never mention what I do. The last thing anyone wants is an elevator speech from an insurance guy or a ‘Buy, Buy, Buy’ pitch on Social Media. People want interesting content not drivel posing as sales spam. If you follow me on any of the Social Media sites you know that I sometimes break the rules. It may be bad for my ‘Brand’ to re-tweet certain political comments, but heck, have you read some of my blog posts?! From my perspective, when it comes to something as personal as health or life insurance, people want to work with folks they share common interests with. After reviewing my Social Media and web site and a potential client decides not to engage me, that is a win for both of us.

Social Media has allowed me not only to generate leads, but to stay in touch with prospects. I sincerely dislike follow up phone calls in most situations. If a business prospect (that I may have quoted) has a Facebook fan page, I will ‘Like’ it. In this manner, I keep in touch with the prospect, sharing posts or adding comments, which increases the reach of their business and I am not intrusive with phone calls. (“Are you ready to buy yet, huh, huh, you ready?”) This support for other people and their businesses has led to closed business for me.

Social Media is not a one-way street. I have purchased goods and services from people I have connected with through Social Media. It is fun getting to know the person or business through Social Media. I also want to support those I have a common marketing interest with. Every week I learn a little more about how to upgrade, integrate, leverage and maximize Social Media for my business. I can see it becoming one of the primary drivers of my marketing and lead generation in the near future.

November 22 Update: As Thanksgiving will shortly arrive, we have been pondering what and where to eat. I had remembered that a local restaurant had started following me on Twitter. I mentioned to my wife, “Let’s check out Scotts Seafood, they follow me on Twitter.” Their tweets were informational and I had re-tweeted them several times. Truly, I never would have thought of Scotts unless we had engaged one another on Twitter. Now I am looking for to Thanksgiving dinner at a local restaurant. The power of Social Media, one little dinner at a time.


This blog was first published here by Kevin Knauss on Nov. 19, 2011.


If you are interested in contributing to our series, Social Proof, please contact us via the form below. [contact-form-7 id="541" title="Contact form 1"]

Tags: Content Marketing, social media, Communications, Business, Social Proof, blog, Guest Blogs, Social

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