Don’t Be A Social Media Tool

A few nights ago I had the delightful privilege of speaking on a panel called “Tweets, Tags, and Texts: Making Social Media Work for You” sponsored by my alma mater, Santa Clara University Leavey School of Business, Alumni Council.  Panelists included:

Ben Parr provided a most memorable comment, and I could not resist echoing it again. To paraphrase, Ben warned the crowd, “If you think of social media strictly from the tool perspective, you will become a tool…”

The Online Slang Dictionary defines a “tool” as “an uncool person, a loser.”

Focus simply, or too intently, on the technology and your social efforts will fall short of the mark. This advice is what my former Forrester-colleague Josh Bernoff, co-author of Groundswell and (now) Empowered, described in his seminal work on setting social strategy, and which I later adopted in much of my research.  We used the acronym POST to remind marketers and business people to focus on your audience and objective first, and to consider which technology will help you reach your objective last.

P = People                               ”Who do you want to reach socially?
O = Objective                         ”How do you want to change your relationship with them?”
S = Strategy                             “How will you do that? And how will you know you were successful?”
T = Tools… Technology, Tactics     “Which social tools will you use?”

I found it particularly insightful that this little quip came from Ben.  He was, by far, the biggest social media enthusiast on the panel, and the one most steeply entrenched in it as an editor of Mashable. (Imagine, if you will, Ben sitting next to Felix, the General Counsel for TrendMicro.) Ben reminded me a lot of former colleague Jeremiah Owyang, a social media maven extraordinaire who taught me a lot about how to engage socially and successfully.  Both Ben and Jeremiah are quick to encourage business folks to cast off into social waters and start sailing. Yet I find it interesting that both believe that, to have a successful journey, you can’t just hire a boat with the best GPS navigation and sonar systems, but that you have to know where you want to go – and who you want to take along – to have a safe and happy voyage.

Professor Terri Griffin, who moderated the panel discussion, felt that Ben’s comment summed up the evening well. Besides narrowing in on a specific audience and articulating a clear, measurable objective, what are some other keys to success you have found in charting these unfamiliar social waters?

(PS. Yes, for those of you who notice, I am backfilling my blog with old posts.  Let’s just say Xerox has kept me a bit busy of late!)

Join The “Marketing Challenge!” At Business-to-Business Forum 2010

I am attending the Business-to-Business Forum 2010 conference, sponsored by MarketingProfs, on Tuesday, May 4.  In the afternoon (starting at 3:30 pm Eastern) I am hosting a session titled, “Marketing Challenge! Lead Management Automation Systems” which will explore the factors that make marketing automation pay off in higher quality leads and better sales relationships.

Joining me are four executives from some of the top lead management automation providers:
Brian Kardon, Chief Marketing Officer, Eloqua
Jon Miller, Vice President, Marketing, Marketo
Kristin Hambelton, Sr. Director of Marketing, Neolane Inc.
Parker Trewin, Director of Marketing Communications, Genius.com

This discussion will not follow the typical panel discussion format. Instead, I will “challenge” my four colleagues to show how their customers address B2B marketing scenarios in innovative ways. In this format, I will pose common demand management situations to each panelist and invite him or her to describe how — using real-life examples — they see customers handle each challenge.

To be fair, I admit that we gave each panelist one scenario to ponder ahead of time.  For those attending, I thought it would be fun to preview the scenarios with you in this blog post.  Each panelist must answer one of the following, and, I think you will agree, some of these challenges are really challenging.  All are based, in part (and disguised to shield the innocent), on client interactions I experienced during my years at Forrester Research.  Here are the challenge situations I will present to each panelist — and they have only 5 minutes to answer! I won’t tell you who will answer which challenge; you’ll have to join me at the forum to find out the assignments:

Challenge 1: A large business services firm uses territory-based sales pursuit – supported by events, sponsorships, and hospitality — as its primary go-to-market strategy. This multibillion-dollar business generates almost half of revenues from several hundred of its many thousands of accounts. Contracts are multi-year, multi-million dollar and account-based marketing has been key to achieving past success. As offshore and conventional competition increases price pressure, what can your marketing automation solution offer the CMO of this firm to enable sales to increase cross-sell and upsell opportunities and to reinforce the value of maintaining an ongoing services relationship with this firm? In particular, how does your technology help the CMO identify opportunities within accounts that can include as many as a dozen decision makers?

Challenge 2: The wealth-management division of a large, national bank offers investment and equity management services through professional advisors and independent brokers. Historically, these advisors establish personal relationships with clients maintained through person-to-person contact. With the rise of electronic banking and trading, many advisors – especially independent ones — want more branding and demand generation support from the bank but worry that the bank’s electronic presence creates too much of an intermediary presence in these relationships. What can your marketing automation software offer the head of Wealth Management to empower these brokers to pursue new business more efficiently while keeping their personal relationship and brand relevant?

Challenge 3: The CMO of a high tech, 500+ person firm enjoys a collaborative working relationship with sales and strong demand for current product offerings. As a Salesforce.com user and enthusiast, he is satisfied with the firm’s current sales management tools – having made a recent investment in a custom sales portal, specialized reports, and integration with the firm’s separate telesupport system. As the economy turns around, he is feeling greater pressure to pump up the sales pipeline but is unconvinced that a marketing automation investment makes sense. What can you show this reluctant CMO to convince him that your marketing automation solution will deliver real returns on this investment, and will win converts among the sales organization?

Challenge 4: The VP of Marketing for the SMB division of a global high-tech company with offices in more than 20 countries has been using an email services provider (ESP) for many years to send out emails. The firm has extensive investment in sales automation, Web analytics, Web content management, and business analytics. They also have a multi-million record customer database stitched together through several acquisitions and legacy systems. What can your marketing automation system offer to help deliver more targeted messages to SMB prospects, develop the resulting demand, and right-channel qualified leads, all while reinforcing relationships with current business buyers to markedly reduce churn?

After answering thse four challenges, I’ll open the panel up to the audience and see if the attendees can stump the panelists further. This will be a fun, engaging, and lively session full of information to help B2B marketers understand what lead management systems can do for their business and which solution might best fit their needs.  Hope you can make it!

Please feel free to comment on this post with your ideas for other challenges — who knows, I may use the best on on Tuesday during the Q&A section!

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