Graham's comments on my article on 'Building Loyalty the Southwest way ' on Customerthink pointed to the need for companies to have a well defined social media strategy as they venture out into the field to interact with their clients. Graham had a valid point as he was able to demonstrate the lack of engagement on Southwest's part as they used varied social media tools to engage with their customers.
The POST method demonstrated at the Forrester forum is interesting and approporiate to this discussion.
Using social media as an organisational strategy for listening to the customer is not enough. Two important aspects emerge here-
1.Engaging in a conversation with the customer.
2.Using the customer feedback to alter systems/strategies.
3.Using the social media tool to showcase this change in systems through incorporation of feedback.
Bob Thompson had an interesting point to add to the conversation-that of the need to try to use newer offerings of technology in an increasingly competitive market. After all, it is simply a way of staying a step ahead of your competitors.
Monday, February 04, 2008
Social Media strategy
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Vandana Ahuja
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2/04/2008
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Labels: Blogging, Online communities, Social Media
Thursday, January 03, 2008
Cocreation through social media
In an era where companies talk about the new form of value creation-Co-creation, where companies are moving away from a company and product centred value creation to an experience centred value creation (Prahlad,Ramaswamy), participation is becoming a desired ingredient. Objectives of co-creation include identifying the right customer set to interact and after identifying the requirements of this customer set, alter product offerings as per requirement of the same.
Some interesting observations from research (Prahlad,Ramaswamy) on Co-creation.
1.In the emerging economic model of value cocreation, consumers and companies routinely collaborate to create personalized value.
2. Cocreation, is not the transfer or outsourcing of activities to customers or a marginal customization of products and services. It isn't scripting or staging of customer events around the company's offerings. Those kinds of company-customer interactions no longer satisfy most consumers today.
IT IS THE CO-CREATION EXPERIENCE(NOT THE OFFERING) THAT IS THE BASIS OF VALUE FOR EACH INDIVIDUAL.
It is hence, this procedure of participation which is important.
Co-creation may require a dedicated approach from the management to allow consumers to not exactly take over the brand, but definitely have a larger voice share. However the high involvement opportunity it offers with substantial value growth drives commitment from organizational leadership.
Kraft's use of co-creation
Consumers co-create 48 products they want to buyis a case in point.
Use of social media to build online communities for consumer engagement to leverage the collective intelligence and experience of the community emerges as a strong option for organisations interested in securing consumer participation...they may also need to focus on the experience they provide through these communities to the participating population.
There are consumers interested in getting involved in every stage of the Product life cycle from concept, through post launch and beyond. The bottomline is-there are passionate groups of involved customers willing to PARTICIPATE. It is upto the organizations to identify them, build relationships with them and leverage the immense power of the participating community for organizational growth.
Posted by
Vandana Ahuja
at
1/03/2008
1 comments
Labels: CRM, Online communities, Relationship Management, Social Media, The collaborative web, Web 2.0
Sunday, October 07, 2007
Branded Online Communities move to Television
Branded Online communities, set up by companies for Building brand equity are now tying up with the electronic media for greater visibility. As the interest of the youth increases in social networking, with humongous volumes of youngsters not only hanging around networking sites, but also eagerly participating in consumer communities,these branded online communities have found themselves most wanted on Television.
In a recent developmentin India, Hindustan Unilever's SUNSILK GANG OF GIRLS, an online community , and Zoom Television have come together to present a singing reality show called Sunsilk Gang of Girls - Spotlight Mein.
In response to online applications at the Sunsilk GOG site, this new television series will present four talented girls in the country who will be groomed and mentored by maestros from the music and entertainment fraternity, in preparation for a live finalé performance in front of a big audience.Reality TV, it's success, the impact generated and the huge volume of viewership it draws is not new to us.
As branded online communities embrace Television, the euphoria created by such shows will further increase traffic on the site-increased membership is a foregone conclusion.
Kelly Mooney's thoughts in an ADAGE article on For Relevance, Think Three-Way throw light on how corporates can leverage such situations.By looking at the Brand, the consumer and online communities as three components of a love triangle, she reiterates the need for brands to intersect with online communities, to be able to connect with their consumers.
An excerpt-
"There are no diminishing returns when brands think three-way, when they "triangulate" to communicate in a b-to-we world. Online communities are an infinite resource bringing not only preexisting participants within the brand's range, but new i-citizens formerly uninvolved until their passions are sparked by a marketing campaign or message that inspires them to spread the love."
In Sunsilk's case,the three sides of the triangle are aptly covered- the brand connects to each girl and the fan community; the girls connect to the brand and each other -- all tied to the community or the event as the center.While acting as excellent repositories for information, such communities help the brand marketers by providing information to validate their understanding of the market, while further bifurcating consumers with respect to preferences, expectations, and level of brand loyalty.
Posted by
Vandana Ahuja
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10/07/2007
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Labels: Brand Building, Consumer Behaviour, Consumer Generated Media, Online communities, Social Media, The collaborative web, Web 2.0
Wednesday, September 12, 2007
The age of Consumer Generated Media and the unhappy consumer
In an article on Comcast must die Bob Garfield on Ad Age, solicited ideas for a consumer jehad against digital and internet cable company Comcast!!! As a hapless consumer out to get back at an erring organisation, Bob's post garnered umpteen comments and suggestions. Some interesting ideas he received , specially from a Web 2.0 and CGM perspective ranged from posting on technorati, adding flickr photos or youtube videos of any damage done, choosing tags and suggesting that folks tag their own blog posts and videos with same to forming a Comcast service group on Facebook.
While other ideas included spreading good WOM for Comcast competitors, sending posts to equity analysts who follow Comcast, or calling up Comcast Corporate headquarters,
the most interesting comment however, was to buy the web domain ComcastMustDie.com, establish a blog and issue a press release(to drive traffic) so that all dissatisfied Comcast customers would have a forum to voice their opinions!!!!...sounds so much akin to a DELLHELL in the making...Comcast....are you listening???
Posted by
Vandana Ahuja
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9/12/2007
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Labels: Blogging, Consumer Behaviour, Consumer Generated Media, Online communication, Online communities, Social Media, The collaborative web, Web 2.0
Wednesday, August 01, 2007
Building Brand Equity through Social Media
Paul Legutko's discussion at Customerthink
"......, but simply the fact that someone is staring at your company logo and creative for a certain period of time. This has an inherent branding value, and "branding" is something both marketers and management understand......high-volume sites can have significant brand-equity."
and Jim Sterne's response regarding brand impact, awareness and brand character attribution, can further be applied to the way major corporates are using the power of social media to garner brand dividends.
Coke, Hindustan Unilever Limited, Proctor and Gamble, Nike, Nissan, Pepsi are part of a trend where a large number of corporates are creating online communities and social networking sites, taking advantage of the interactivity that the internet as a digital medium provides, to capitalise on the huge number of cybersurfers.
With humongous volumes of visitors on these sites, organisations have successfully mingled customer engagement with increasing brand familiarity and distinction and focussing on solution importance, to try and create customer loyalty.
Hindustan Unilever's( India's biggest consumer goods company) brainchild Sunsilk Gang of Girls, promoting the shampoo brand Sunsilk, has a total of 579899 members in 34122 gangs. This has evolved into a huge medium where people participate, give their views and are really bonding with the brand. By discussing commonplace issues like hair care, shampooing and conditioning, hair tips, hair biology and hosting hair gurus by tying up with hairstylists like Javed, Sunsilk GOG has struck a chord with the readers. By tying up with leading magazines like NewWoman and Cosmopolitan,and Marjorrie Orr at Astrology.com, Sunsilk GOG has been able to delve into areas of interest for women ranging from beauty tips to love quizzes to astrology and with Monster.com to cater to their career aspirations. Typically catering to the youth interests of today, members can even watch funky music videos, download wallpapers and screensavers and participate in exciting contests, Sudoku and word search games.
With a traffic rank of 25,500 the Proctor and Gamble brainchild Beinggirl aims at engaging the female segment for P&G's products targetted for the female community. By giving females an opportunity to discuss issues close to their hearts, without giving up their identities, P&G has been able to provide a medium for interaction and developing relationships with its customers thereby facilitating brand loyalty. About 62% of the clientele of beinggirl is from China and 14% from the U.S.
Most of these sites, especially those catering to niche audiences, use the skills of online community managers to nudge the conversation, seed chat forums with threads, recruit others to take a lead in various topics, and monitor the dialogue
Nike's joga.com for football lovers, Coke's mycoke.com and Pepsi's pepsizone for young adventurers out to network, share photographs,videos,music and have fun, Nissan's community for car lovers discussing car models and their features......the list is endless......
Agreed that there are no ways to quantify brand loyalty as a result of such ventures, but as Paul said, as long as larger number of visitors can identify brands , logos and products, garnering brand dividends as a result of such ventures is a foregone conclusion.
Posted by
Vandana Ahuja
at
8/01/2007
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Labels: Blogging, Brand Building, Consumer Behaviour, Consumer Generated Media, Online communication, Online communities, Social Media, Social networking, The collaborative web, Web 2.0
Saturday, July 07, 2007
Consumer Generated Media - How peer reviews highly influence consumer buying behaviour
Here is something which corroborates my thoughts on Opinion Leaders and CGM and The era of the empowered consumers-
A report published at ReportonBusiness.com about Online Buyers scouring for deals
The findings of the report include-
1. More and more online buyers are turning to peer-reviews for product related advice, before adopting a product.
"When asked to note their most trusted information source, sixty per cent of online buyers said consumer reviews compared to 31 per cent who said newspapers or magazines."
2.Large no. of online buyers indulge in comparison shopping and use social networking sites to do so.
3.Online buyers are early adopters of social networking such as writing or reading blogs, customer reviews, and community websites. They're more likely to share their opinions and give reviews online than people who shop the old-fashioned way.
4.As social netwroking sites abound with users, they will be areas of most potential for e-commerce.
5.Embracing advertising in the web's community sites appears to be very promising for marketers.
Hope the heads of the organisations (The customer was king....)hesitant to adopt CGM as a promotional tool are listening!!!!
Posted by
Vandana Ahuja
at
7/07/2007
1 comments
Labels: Blogging, Consumer Behaviour, Consumer Generated Media, CRM, Internet Marketing, Marketing, Online communication, Online communities, Social Media, Social networking, Viral marketing, Web 2.0
Monday, July 02, 2007
Consumers can make or break brands
In the words of Chris Ward, Commercial Director, Microsoft Digital Advertising Solutions,
"Social networking has changed the rules of the game and consumers now have the power to make or break a brand. This type of relationship provides a two way dialogue where the brand receives feedback and the social networker could be monetised for their efforts – positive or negative.”
It is common knowledge now that the huge traffic on social networks has made them very interesting marketspaces for marketers ineterested in brand building and product positioning. The changing attitudes to social communication and research figures hugely indicative of the potential of these networks has not only made these social networks important components of the value chain but also a complete market segment that needs to be targetted.
As advertisers move to understand the dynamics of this media,the consumer demographics and behavioural aspects, it is important to understand that groups of people interacting socially observe an etiquette and targetting them will need to be sensitively planned and executed.
Some recent usage trends of social media by corporates have been -
1. The Apple iphone has a myspace profile and as of date, already has 469 friends.It may be recalled that the Apple ipod pink nano which had a profile to promote the product, had amassed as many as 80,000 friends on myspace, before the site was removed. Nice promotional strategy by Apple
2.UK based Topshop by maintaining an online profile on Myspace through a participation in the community, special offers and discounts was able to generate a sizeable amount of visits, as per a report from Hitwise.
3.SouthWest Airlines has a group on myspace,having over 1000 members for those working/associated with southwest airleins. This includes the loyal southwest fyers.The idea is to form a community to share information, plan trips, share travel tips and network.
4.Creation of virtual spaces by VOLVO and MSN on windows live spaces.Consumers were invited to write about their exciting experiences and adventures in a Volvo-brande "What's your story" area.
Here Volvo was able to tap into the motivational factors behind an individual seeking to be an opinion leader feeling like anempowered consumer.
In view of the need to engage the online consumers,Microsoft has released the ‘Word of the Mouse’ Advertising Guidelines recommendations for usage of social networks for proliferation of their brands.
1. Understand consumer’s motivations for using social networks
- 75% of British users use the sites to keep in touch with friends and family
- Approximately half use it to express opinions and views on topics of interest
- 49% use social networks to deepen relationships with like-minded people.
2. Express themselves as a brand
People are using social networks to express their individuality. Networks can be used to express a side of a brand people don’t normally see and encourage them to interact with it – but it needs to remain authentic.
3. Create and maintain good conversations
Individuals are powerful in this environment – they are the content creators, conversation creators and community creators. Brands that are willing to have a dialogue could benefit.
4. Empower participants
You are entering a world of empowered participants who control their own content, are expressing their individuality and would welcome having this power over branded properties on their Space.
5. Identify online brand advocates
Advertisers need to identify relevant networking sites i.e. a site which includes people who already use/buy a company’s product and align to this audience and existing customer segmentation models.
By researching blogging habits or comments on a product in this environment, advertisers can reach out to influentials and begin a dialogue, for example by offering free samples or advanced product releases.
6. Behave like a social networker
A fundamental principle is that the best advertisers on Spaces will behave like the best Spaces owners by:
- Being creative
- Being honest and courteous (ask permission)
- Being individual
- Being conscious of the audience
- Updating regularly
As Advertisers understand that they need to gradually focus on the networked aspects of these communities and use them for spreading messages virally, these social networks provide profound relationship building opportunities with the consumers.
Posted by
Vandana Ahuja
at
7/02/2007
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Labels: Blogging, Brand Building, Consumer Behaviour, Consumer Generated Media, Marketing, Online communities, Relationship Management, Social Media, The collaborative web, Viral marketing, Web 2.0
Tuesday, June 26, 2007
Social networking and the collaborative environment
An interesting post by Eric Kintz, CMO, HP to take a look at Facebook's marketing potential.Early explorations for facebook's potential for marketing
How facebook's integrated collaboration environment could be a one-stop shopping avenue is described best in The Teenybopper Network by Andrew Mc Afee, Associate professor, Harvard Business School. His description of Facebook as collaborationware that spreads like wildfire and what exactly motivates people to get involved with this technology facilitated network building -"The desire to be popular and make friends" sums up the concept behind the ever increasing numbers on these social networks.
Also,
Facebook now open to enterprising developers talks about the innumerable applications being offered to developers to customise facebook to needs of the enterprise.
Another interesting post at the Gilbane Group Blog Facebook and enterprise 2.0 throws up kindof unexpected results. On a query on which collaboration technologies youngsters would use over the next 2 years in their jobs, email emerged at the top of the list. This was fairly acceptable considering that email is the primary source of interaction ad formal data communication in any enterprise today, but the tremendously low expected usage of blogs/wikis and a networking platform like facebook was a departure from the current picture emerging with the increased usage of these networking platforms.After all, appearances are deceptive!!
Posted by
Vandana Ahuja
at
6/26/2007
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Labels: Blogging, Business Networking, Internet Marketing, Marketing, Online communication, Online communities, Social Media, Social networking, The collaborative web, Viral marketing, Web 2.0
Monday, June 18, 2007
Case study from Brandingwire
Interesting new blog containing case studies and having a set of bloggers solve them independently. The first case study from
Branding wire is about a fictitious coffee company and the objective is to work out a strategy for growth and expansion. Ideas of contributors range from branding strategies to expansion plans, to extensive market research with the current consumers, to managing customer relationships, developing web strategies for publicity, capitalising local strengths, employee training to kiosks etc. An exhaustive list of ideas..
The one that stuck a chord was the idea on using Coffee outlets for Social Networking by The Branding Blog
In the era of social and Business networking, using these premises for the same, would definitely act as motivation for the social groups and adding an image angle to the offer, can make way for elite/premium social groups to get associated with the coffee chain. This will automatically take care of the word of mouth/buzz marketing as interested groups would like to be part of the clique.The relationship equity can be built upon so that customer's tend to stick to the brand beyond subjective or objective assessments, so much so that sticking to that brand of coffee becomes a habit.
Using social media further, adding access to internet based social networking at such a hangout can further set the revenue registers ringing.
Adding further to Drew Mc Lellan's idea of collecting data to gauge a customer's point of view, maybe some online communities can be established to have people share their coffee experiences...rather than interviewing customers, maybe an online site where they could briefly document their experiences before leaving, and hence be part of the 'Coffee' community....
As suggested by Brand Impact
" go after influential bloggers; find a large number of bloggers inside and outside the coffee blogging arena, and send a complimentary 1/2 pound bag. Ask for their input, either privately or publicly (on their blogs). Bloggers like coffee (by and large), and have an outsized influence"
Having satisfied customers create content about their experiences is bound to set off a positive chain which is much more beneficial than any other marketing or brand building tool....After all, satisfied communities not only indulge in repeat purchases, but also are great customer advocates....
Posted by
Vandana Ahuja
at
6/18/2007
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Labels: Brand Building, Business Networking, Customer Satisfaction, Marketing, Online communication, Online communities, Social Media, Social networking, The collaborative web, Viral marketing, Web 2.0
Thursday, May 24, 2007
Leveraging CGM for understanding Consumer Behaviour
As consumer generated media reflects the voice of the consumer in a huge way, the study of Consumer Behaviour has now got a new source of information that can be tapped.
Wikipedia defines CGM as
"Consumer generated media (CGM) originated as a reference to posts made by consumers within online venues such as internet forums, blogs, wikis, discussion lists etc., on products that they have purchased. Shoppers who are researching products often use other consumers' opinions when making buying decisions."
As huge volumes of User generated content floats around, organisations need to sit up and take note of the voice of it's empowered consumers.As prospective consumers rely on the opinions of the already existing consumers, leveraging CGM and channelising it appropriately has become critical for organisations to understand and manage market performance.This creation of social media is now influencing consumer behaviour, affecting product positioning and driving brand reputations in such a big way, that the power of the ordinary content creator can no longer be ignored.
As per reports published by Nielson Buzzmetrics, there were as many as 25 million blogs, 90,000 Bulletin Boards & Online Review/Feedback sites, 45,000 Usenet newsgroups, in end 2006, and the huge volume of daily postage data( daily postings for blogs:1,500,000, the online sites: 3000,000 and the newsgroups: 225,000) generated by the above has made CGM a force to reckon with.
The message is clear-These new social media tools , by giving birth to CGM have changed company relationships with their consumers from a unidirectional "attract customer" strategy to a culture of participation and co-creation. As consumer voices start echoing, the need is to establish a meaningful interaction with them and use them as advocates for the company.
A miniature case study on Dell shows how CGM has started raising it's head...well the head can be ugly too at times....
Dell has a blog called Direct2Dell, which it claims is for one-to-one communications with DEll. With over 800 inbound links, the site can boast a respectable Alexa traffic rank of 72,529.
Further a Trend Result by the keyword "Dell" on Blogpulse indicates that in May'07, the word 'Dell' found place in almost 0.475 percent of total blogposts.
Also, a technorati search reveals that the total no. of blog posts about Dell is 688,024 and 3025 blogs have already written about Dell.
Sounds interesting. But is it?
Consider what this dissatisfied user posted on the Dell blog-
"I use other social networking sites with a much broader reach than most blogs... the videos, discussion groups and online postings are just as anti-dell as ever and this is creating an impression (negative at the moment) on the entire generation of purchasers dell needs to win over. Dell needs to watch carefully what is going on in those areas of the internet as well.
Me? If I am unhappy with dell and shop elsewhere, Dell will miss selling me probably 5 more computers in my lifetime, add in 5 for my wife too... (we won't calculate friends who learn of our nightmares and also choose not to shop Dell, the figures are too hard to quantify here), so no big deal in the grand scheme of things, BUT if they also lose (for example) my daughter, her friends, their friends, etc. they stand to lose a further 12 sales (for each person based on a purchase of one computer every 5 years) in their lifetime! On Facebook alone she has 162 friends! This should be setting off alarm bells across the board."
...And if this was not enough, the concerned gentleman maintains a blog called Dell Hell revisited....A quick read tells you that it is clearly a 'I Hate Dell' Blog.
To further take a look at Dell's woes, courtesy CGM, A video on Youtube, supposedly called the 'My PC is on Fire-Dell Laptop Tribute Video( Numa Numa Song) which is apparently a parody of a pop song, and is aimed at Dell has as of now attracted 229,076 views. It has 463 comments and has been favourited over 1200 times. The power of replication of data and how it travels virally across the internet is better left unsaid.
And the impact Dell is facing courtesy this negative CGM drive is eventually something that Dell needs to measure and understand. In a business universe where Customer Collaboration and Advocacy are the new found norms, it is time Dell wakes up to these new challenges to face its 'EMPOWERED CONSUMERS'.
Posted by
Vandana Ahuja
at
5/24/2007
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Labels: Blogging, Brand Building, Consumer Behaviour, CRM, Online communities, Social Media, The collaborative web, Web 2.0
Monday, May 14, 2007
Employee communities in the web 2.0 space
Sandeep Dadlani's post on Linked-in across the extended flat world enterprise reiterates the need of an information structure within an organisation wherein the offerings of Web 2.0 can be leveraged to gain access to an employee database with personal information and probably employee photographs to get a personal feel of the entire setup. He sites geopgraphical locations as the primary cause for organisations to feel the need of sucha set up. This is very relevant with respect to developing an employee community where employees can communicate and collaborate with others with si,ilar skillsets and objectives and at the same time giving them a forum to voice their views. Communities are important not only as they provide employees a sense of belonging, but also an opportunity to showcase their achievements. Networking helps them develop affinity with other members at the workplace while simultaneously increasing the approachability of the members at the higher level.The ease of access provided by this model definitely makes it a viable option for organisations.Several organisations have already developed such communication models-The Sun Microsystem blog system is a case in point and the site statistics are impressive-
Total weblogs: 3200
Total users: 3557
Total entries: 67200
Total comments: 63417
The ideology behind floating the blog is aptly reflected in the fine print on the first page:
"This space is accessible to any Sun employee to write about anything."
Well, employee opinions matter...don't they...and as the 67200 entries show, it looks like...employees do have a lot to say!!!!
Posted by
Vandana Ahuja
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5/14/2007
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Labels: Blogging, Corporate Blogging, Human Resources, Online communities, Relationship Management, Social Media, Social networking, The collaborative web, Web 2.0
Tuesday, May 01, 2007
Corporate Blogs and their objectives
Corporate Blogs are now becoming authoritative sources of information regarding a company. There value and importance can be gauged when a simple technorati search on the word ' Corporate Blogging ' yeilds more than 19000 results. Considering the amount of buzz generated by the same, their importance with respect to leveraging consumer intelligence and magnifying success stories is now undeniable.
As Linkedin launched its corporate blog , the objective they stated was interesting-
"Linkedin was started with the goal of helping you manage your professional relationships better, and today we’re launching our corporate blog to not only help you leverage LinkedIn more effectively but also to provide you a sounding board for all things LinkedIn. So, if you’re looking for a singular information source on LinkedIn with regular updates on upcoming product features, tips-and-tricks, and events or if you’d just like to hear about all the fun stuff associated with working at LinkedIn, you have reached the right place."
A query on the objective behind the Corporate Blog of Bill Marriott, CEO , Marriott Hotels states the following blog objective-
"The purpose of the blog is to create a forum for people to interact with Bill Marriott. We're proud of our culture, history, service excellence, and especially our 143,000 associates whose Spirit to Serve makes us so successful. Part of what makes us great is our belief in service to the customer and Success is Never Final.This blog allows us to hear from you and build on the community that we've nurtured for 80 years."
The DellBlog-
"Our goal is to build Direct2Dell into a community that’s driven by direct communication. We hope to provide you insights into Dell and the employees that drive the company forward."
Digital Straight Talk is a blog produced by Cox Communications. It's a source of views and news on the many issues affecting broadband providers and consumers.
"High-speed Internet, cable telephony, HDTV and a whole host of related innovations and issues in the digital space have created intense competition among providers. And, where there’s competition, there’s no doubt info overload for consumers and others trying to make sense of it all. With Digital Straight Talk, we want to make sure those in the industry, consumers and others who care have a clear understanding of our vision, direction and opinion."
Corporate Blogs are set up by companies to-
1.Build Product Brands.
2.Create a customer-centric approach for the company.
3.To give people a contact point by attaching a face or name they can interact with, hence catering to the concept of relationship building.
4.Create a buzz about New product/project launches.
5.Act as a source of consumer redressal.
6.Act as a source of viral marketing. Its a place where people chat about the company and the products and if they talk well, well you've got a word of mouth campaign already started.
7.Create communities for communication, collaboration,customer-interaction.
8.Image building purposes by showcasing any good work done by the company.
9.Showcase any achievements by the company and any recent successes...
At the end of the day it all boils down to securing more customers and retaining already existing ones....broadly....add to the value perception of a company's customers!!
Don't you think Customer Relationship Management is the ultimate goal of any corporate blog?
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Vandana Ahuja
at
5/01/2007
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Labels: Blogging, Brand Building, Corporate Blogging, CRM, Marketing, Online communication, Online communities, Relationship Management, Social Media, Social networking, The collaborative web, Web 2.0
Monday, January 29, 2007
Web2.0, Networking and Image Building
Sat through a very interesting lecture by Bethany Cheney, the Marketing head, U.S.A. of Techtribe-an online community established courtesy Web 2.0. She spoke on
" Building the Brand of a Leader" and brought out how increasing visibility, networking appropriately and developing charisma were the key ingredients to a successful image building exercise, which inturn would be very useful for individual growth and success.
Her interesting observation that 'there are only six degrees of separation' highlighted the power of networking and how connectivity can be established between total strangers to accrue benefits for the others. Web2.0 in turn has opened a plethora of options to leverage this understanding of networking to build relationships.
These online communities have been setup for developing contacts with other people as well as sharing information and knowledge for growth,as also forge vital business associations. A valuable outcome of this new phenomenon is that senior corporate honchos, who could be well established names in their respective domains can service the community by functioning as mentors to the youth.The youth in turn can have the dual advantage of developing rapport with established industry names, as well as gain vital information through participation...
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1/29/2007
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Labels: Brand Building, Business Networking, Internet Marketing, Marketing, Online communication, Online communities, Relationship Management, Social networking, The collaborative web, Web 2.0
Monday, November 27, 2006
From SEO and SEM to SMO and SMM.
How will the big brands react?
Internet marketing, once upon a time talked about Search Engine Optimisation and Search Engine Marketing. Now it talks about Social MediaOptimisation and Social Media Marketing.Social Media Optimisation or SMO, a term recently coined by Rohit Bhargava,Vice President for Interactive Marketing with Ogilvy Public RelationsWorldwide, aims to "Leverage all the links and marketing value you canget from social and business networks".
Rohit Bhargava's 5 rules on SMO, which eventually got converted to17 rules, courtesy other readers, showcases how the power of online contentcan be used from a business development perspective.SMM, coined by SeoMoz also aims at reiterating the impact of social networking and itscontribution towards marketing.
In the Indian context, the foray of broadband into the houses of averageconsumers has made internet a pervasive influence in users' lives. As unexpected outcomes emerge from unanticipated dimensions, the time is not far when big brands will end up using Social Media to promote theirproducts and use Web 2.0 as an integral part of their marketing strategy.
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11/27/2006
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Labels: Brand Building, Business Networking, Internet Marketing, Marketing, Online communication, Online communities, Social Media, Social networking, The collaborative web, Web 2.0
Monday, November 13, 2006
Online Communities and Brand Building
Image Building and Increasing Market Value
A virtual community or online community is a group of people that primarily or initially communicates or interacts via the Internet. The dawn of the "information age" found groups communicating electronically rather than face to face. A "Computer-mediated community" (CMC) uses social software to regulate the activities of participants. An online community such as one responsible for collaboratively producing open source software is sometimes called a development community. Significant socio-technical change has resulted from the proliferation of Internet-based social networks.
Participation in online communities and forums is the new tool for exchange of ideas and information.
The forums provide multifaceted opportunities to members. Not only do they provide information on latest technological happenings, while anticipating reciprocity and learning as an outcome, but also are the upcoming breeding ground for triggers for innovation. As like minded people converge together, these are new cliques where networking among individuals serves to build strategic mutually beneficial business associations. Also as individuals share ideas, their skillsets come to the fore and they end up building a reputation for themselves, while having a sense of community and efficacy andgaining recognition for their work.
Now how do they affect the marketing process?
1.Brand building through contribution to blogs, comments, articles and chats and by getting featured in related events and publications.
2.Connect, transact, and collaborate with other members to create or participate in new opportunities
3. Gain knowledge towards competitor products and services.
4. Build relationships and gain introductions to prospective clients or associates.
5.Increase website visibility through globally syndicated feeds.
Am gonna try and identify how online communities act as useful tools for Brand Building...not only building brands of products, but will try to focus on how they are instrumental in creating suitable images/brands of individual participants, thereby adding to their market value!!!!
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at
11/13/2006
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Labels: Brand Building, Marketing, Online communities, Web 2.0
Saturday, September 09, 2006
itvidya.com
As my organisation participated in the Manthan Award conference on e-content in various areas,i came across an interesting site on the Manthan Website...itvidya...A nice forum for IT people to interact, share ideas and help each other...Some of the member contributions are interesting and informative...makes real sense to the not-so-tech-savvy as me...a good endeavour by Ajay........great for people like me who are still experimenting with all this stuff!!!
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Vandana Ahuja
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9/09/2006
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Labels: Online communities, Web 2.0
Thursday, September 07, 2006
Object Centred Sociality
This is a real heavy term which caught my attention as i carried on researching the reach and impact of social and business networks...
The essence of my exploration is...........people connect with other people not only for the sake of connecting...they need to have something in common...be it a some common object or objective or interest....something that creates a kinship...something that generates a desire to associate, share and for that matter, keep associated....
Dont we all relate better with people who agree with us...people who are part of our immediate environments....who are affected by what affects us....cohesion results as people tend to garner support for their ideas and beliefs,as also benefit from those around. Infact we identify best with people who support our ideas or are instrumental in helping us achieve our objectives and goals.
The keypoint here is....when the common objects breakdown, the social network breaks down too.
That is the reason we have to make use of alumni associations...ex-employee groups...forums....to keep in touch...and generate a common platform for interaction......blog posts are also one such object of sociality......most of these networks cease to be functional when the commonness erodes.
www.itvidya.com is a very good example of 'object centred sociality'....a network of individuals brought together by the common 'object'---the desire to learn, share knowledge, ideas and maybe in some way, be useful to each other....A key point here,obviously is Ajay who keeps adding to the 'object' by posting information on useful events,seminars,links,...the works..............hope more and more people keep adding to the "object " and stay connected!!!!
Posted by
Vandana Ahuja
at
9/07/2006
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Labels: Online communities, Relationship Management, Social networking, Web 2.0