Author Archives: Allan Woodstrom

Strategic Social Media Marketing in 2010

In 2009, I encouraged marketers with no idea how social media works to simply get out, create accounts and post information they are already creating.I hope they did that because in 2010 I think it’s time for marketers who were just getting acquainted to take things a step further by creating a strategic content plan.Creating a Content Plan

  1. Like a magazine, break your year down by months or quarters.
  2. Brainstorm subject matter and subject matter experts.
  3. Assign 1-2 main topics for each time period. Remember to assign them strategically, for example, if you are promoting clothing, you should promote summer clothing in the months when people are most likely going to be shopping for summer clothes.
  4. Determine the social media sites where you want to share your content (blog, youtube, facebook, twitter) and make sure you are familiar.
  5. Work backwards to determine the time you will need to produce content and start scheduling your time and interviews.

After completing those steps you should be ready to start creating content of interest that will increase your brand awareness and revenue. Along the way, don’t forget to listen to your audience and adjust your content plan accordingly.

Social Media Success and Product Differentiation

Droid vs. iPhoneThe driver behind successful social media campaigns is no different from the driver behind successful traditional marketing campaigns.Success in social media marketing starts with product differentiation. Companies must first examine what makes their product or service better than the competition. Hopefully this should come easy. Examples of product differentiations could be the features and functionality, it could be an interesting story about how a product was developed or it could be simply the price.Either way, when entering the social media stratosphere, it is important to take note of what sets you apart from the competition.People on the Internet – bloggers in particular – are interested in discussing product ideas and solution approaches that are new and different.A current example would be the new Driod Phone. In this case, bloggers who write about new technology tend focus on the product differentiations. This article on Mashable illustrates just how important this is, as they displayed in a large chart showing differences among different types of phones. Social media marketing specialists should be prepared with this type of information.To close, before you suggest social media marketing as a realistic marketing tactic – think about how is your product or service different from the completion? Who are the early adopters or major influencers? And where do they hang out on the Internet?

Another Very Nice Social Media Video from Erik Qualman

Erik Qualman of Socialnomics.net released another very informative video about the return on investment of social media marketing.Noted Statistics:

2. Gary Vaynerchuk grew his family business from $4 million to $50 million using social media. Gary’s eccentric personality and offbeat oenophile knowledge have proven a natural path to success with his Wine TV Library.3. Vaynerchuk found first hand that $15,000 in Direct Mail = 200 new customers, $7,500 Billboard = 300 new customers, $0 Twitter = 1,800 new customers.6. Lenovo was able to achieve cost savings by a 20% reduction in call center activity as customers go to community website for answers7-8. Burger King’s Whopper Sacrifice Facebook program incented users to give up ten of their Facebook friends in return for a free Whopper. The estimated investment for this program was less than $50,000 yet they received 32 million media impressions which roughly estimated equals greater than $400,000 in press/media value. Which to put in context is somewhat like reaching the entire populations of 19 states (understanding this doesn’t account for unique vs. repeat visitors, etc.)