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Computerworld takes a look at the value of social media; featuring two PerkettPR clients & their ROI

rdWhether you call it social media, new media, social marketing or another moniker, the big question remains the same – how do you measure its value? We’ve been able to measure value from day one of jumping into the social marketing world here at PerkettPR, and now we’re thrilled to be helping clients to do the same. Reality Digital and Litle & Co are both featured in a series of articles on Computerworld today regarding the value and ROI they’ve seen with their social media efforts.

In “One Company’s ROI Tally for Social Media,” Reality Digital’s CEO Cynthia Francis says calculating return on investment starts with understanding what you want to accomplish. She includes a breakdown of investment vs return, including:

  • Total investment for social media programs (including technology costs and PR agency hours): roughly $3,000 per month
  • Total sales leads generated in April, May and June: 72
  • Average sales leads per month: 24
  • Average cost per sales lead: $125
  • Lead conversion to sales opportunities: 11.1%
  • Lead conversion to closed deals: 1.4%

Litle&coIn “What’s your Twitter ROI? How to measure social media payoff,” our client John Stevens, director of corporate content and communications at Litle & Co., says the company has seen “six-figure revenue come in because of the connections made through social media.” He discusses the need for firm ROI figures and future decisions around using public sites such as Twitter or building proprietary systems.

What’s your return been on social media investments to-date? Do you expect the ROI to increase, decrease or remain the same in the next 6-12 months? How are you using social media in your business? CMOs and marketers, what kind of help you do plan to enlist for PR, social marketing and advertising in the next year? Please take our survey – it’s only two questions and we’d love to hear from you. Thanks!

Persuasive Picks for the week of 09/14/09

Why corporate blogging is like selling uncut cocaine
Ok, you got me. This post came out last week. But, how could it not be a pick with an eye-popping title like that. Oh, and our own Fred Han interviewed David Spark a while back as well – in case you missed it.

A need for social media etiquette
So you’ve made that first step into the world of social media and it’s beginning to get exciting. AP business writer Barbara Ortutay shares this post on The Tenessean.com that advises readers to use a little restraint and put more thought into what they share on social networks.

Social media – PR’s new BFF
Do PR and Social Media go together like chocolate and peanut butter? The results of a recent study posted on bizcommunity.com seems to point in that direction. Read on for more.

The 10 Myths of Social Media
This post by Mikal Belicove on the Entrepreneur.com blog reiterates “10 Social Media Myths” by Eric T. Bradlow, co-director of the University of Pennsylvania’s Wharton Interactive Media Initiative. Bradlow recently presented these myths to B2B marketing and advertising professionals at the Lift Summit.

Why B2B Companies Have a Distinct Advantage Online
Another great post from Valeria Maltoni that includes additional links to helpful information for B2B’s.

ShopUp Proves Social Media Value to Fashion Retail World

Over the last year I have sat across many-a-Starbucks table from social media and marketing consultants of all types. I have given advice on job hunting, standing out from the competition and more, and I’ve asked a lot of questions, such as, “What makes you an expert above and beyond the next guy/gal?” A lot of times, the answers were vague.

But one of those times, I sat with Rachel Levy (@bostonmarketer). Rachel has a very interesting story to tell – she recently became the Director of Marketing and Social Media for Second Time Around, a chain of contemporary, designer, consignment clothing & furniture stores. But prior to that, she spent a year off – networking, job hunting and ultimately, with the intelligent use of social media (as well as some tenacity), reinventing herself. (See her recent blog post about this.) In our conversation Rachel stood out – she’s smart, insightful and most of all, she was enthusiastic about finding the right position with the right company.

I’d say she’s found it.

Last night I attended #ShopUp, a shopping event that Rachel planned to help raise awareness of Boston’s Second Time Around (the company has 21 shops in cities around the U.S.). Now, I’m a rabid fashion fan and involved in the industry as a Board Advisor to New York City’s Style Coalition, but last night I wasn’t paying attention to the fashion. I was paying attention to the social marketing of this event – Rachel did an amazing job.

I sat down with Rachel today to ask her about the event. I was so impressed with it, I wanted to share it as a great case study in how social marketing can help any business – when done well. I’ve heard a lot of people claim social media expertise – but anyone can pull off tactics like running a Twitter account. Integrating them into an overall strategy is a different story.

PPR: What was your overall strategy for #ShopUp?

RL: Mainly, I wanted to spread the word about who we are and what we do – specifically, create regional awareness for the Boston store through word of mouth. A specific part of that goal was to get people to interact with the product. Having a party and getting them into the store was the best way to do that. Consignment shopping is a different experience than shopping for new retail – I wanted people to experience it first hand. Lastly, while this event was held in Boston, I also wanted to use it to create national awareness for our 20 other stores – creating curiosity for shoppers to find out about the store near them.

PPR: What was the event?

RL: ShopUp was an evening of shopping and schmoozing. We encouraged shoppers to come by for appetizers and drinks, a little shopping and, in honor of New York Fashion Week, a fashion show. Held at our store, we provided shoppers with 20% off during the event, and handed out 10% off coupons for future shopping. We also encouraged shoppers to bring in any designer clothes to consign that evening.

Christine Perkett (@missusP), Michael Durwin (mdurwin), Carissa O'Brien (@carissao)

Christine Perkett (@missusP), Michael Durwin (mdurwin), Carissa O'Brien (@carissao)

PPR: How did you use social media to promote and run ShopUp?

RL: Pre-event promotion included a community contest through Twitter, where our followers nominated the models for the fashion show part of the evening. We created the hashtag #ShopUp for easy tracking of the conversations taking place around nominations and the event itself. Once we had nominees, we had people vote for the four models who would be in the show. This process proved to be very viral – people were really interested because they had a part in creating the show. We also posted news about the event on Facebook. During the event, we had guests vote for the best outfit and model – again, via Twitter. The model who received the most votes for a specific outfit got to take the clothes home. To share the event with those outside of Boston, we streamed live video through UStream, Twittered during the event (using TweetDeck and CoTweet) and we’ll be featuring a compilation video of the entire evening on YouTube. Our photos are also up on Flickr, and many people sent TwitPics during the event as well. Lastly, today we issued a post-event survey through a BostonTweetUp twtpoll.

The runway (photo by Pamela Rosenthal)

The runway (photo by Pamela Rosenthal)

PPR: What was the ROI? Did you reach your goals?

RL: Oh yes! About 75 people attended the event and our sales were positively impacted. We experienced a positive return on our investment in regards to revenue vs expenses as well. Although I don’t yet have figures to share around the specific number of impressions driven by the event, I can say that we drove new business – 50 percent of the people who attended had never shopped here before… but either did last night or intend to return, I’m sure. (PPR: Rachel incorporated a smart strategy to ask attendees two questions at the registration table; 1) Have you shopped with us before and 2) Can we add you to our mailing list?)

Congratulations to Rachel and Second Time Around on a terrific event – and to the lucky model/winner (Manolo Blahnik shoes, Escada sweater, jeans & accessories!), Carissa O’Brien.


Persuasive Picks for the Week of 08/24/09

Twenty-One Top Twitter Tips… from Forbes

Still not convinced of the business value of Twitter? Forbes understands your concern and did some research for you – canvassing scads of businesses and pricey social-networking gurus looking for honest answers on how to make money – if you can make money – with the microblogging service. Their answers may surprise you, as they share 21 ways Twitter can have an impact, and not just as a marginal marketing tool.

College Optional?

Larry Cheng, Partner at Fidelity Ventures wonders aloud if college is necessary for a true entrepreneur. “Sitting in a classroom listening to a teacher every day for four years in so many ways is exactly the opposite of what someone with an entrepreneurial DNA should want to do.” In this post, he outlines what he sees as a “blueprint to success” for those with no degree. First lesson? Take $1.00 and turn into $1.10 by this time next week.

Use Teamwork to Tackle Problems

Of course you know that teamwork is important, but in this Marketing Profs Daily Fix post, Paul Williams outlines in detail – complete with instruction template – how to create a GroupChallenge. Beyond basic brainstorming, a GroupChallenge is a simple and inexpensive way to―on an ongoing basis―inspire creativity and teamwork to generate ideas and solve problems.

Group Challenge Setup - Image from Marketing Profs Daily Fix

Group Challenge Setup - Image from Marketing Profs Daily Fix

Why Waltham Doesn’t Matter

For those on the East Coast, this piece by Scott Kirsner of the Boston Globe has created quite a stir. Will it be the new turf war? Kirsner claims, “The new core of Boston venture capital has moved in closer to the city, toward Copley Square and Harvard Square,” and that “as a group, they [Waltham venture capitalists] represent the worst of the old-school business culture.” He has some great viewpoints on risk taking, the innovation economy and what he terms “the vibrant new culture of entrepreneurship.”

Should PR Professionals Use Social Media to Build Their Personal Brand?

PR Week takes a look at two opinions on one of the hottest debated topics in our office. How do you balance personal brand with your corporate brand? Should you? Two PR professionals weigh in.

He Said, She Said – Confusion on Social Media vs Social Marketing

I’ve learned a lot about social media over the last several years but one thing that really sticks out for me now is the confusion between social media and social marketing. Part of this problem stems from the multitude of people using social media that equate it to the ability to use social media effectively in marketing. This confusion may be one of the biggest misnomers in business today. Your ability to chat on Twitter, create a video or “friend” all the most influential bloggers does not mean you’re good at social marketing.

Part of the problem is that suddenly, just about everyone claims to know social media – or more specifically, how to do execute social media in marketing. A lot of “one hit wonders” – someone who struck gold with a video that went viral, or a firm that had early success with one client (usually, a major brand name) – are claiming to be the “gurus” but aren’t necessarily delivering consistent and whole strategies for a variety of clients or businesses. Take, for example, Jill Peterson and Kevin Heinz’s wedding video – aka, “The wedding dance video.”

I’ve read plenty of blog posts where people are touting this as “a great example of marketers taking advantage of video and social media.” But that’s not wholly accurate. No marketers planned this as a campaign – it happened to be a video of a couple at their wedding that was incredibly entertaining, accumulating more than 10 million views on YouTube in less than one week. Then the marketers took notice, as written about by Google: “The rights holders for the song in the video – “Forever” by Chris Brown – used these tools to claim and monetize the song, as well as to start running Click-to-Buy links over the video, giving viewers the opportunity to purchase the music track on Amazon and iTunes. As a result, the rights holders were able to capitalize on the massive wave of popularity generated by “JK Wedding Entrance Dance.'” And that’s fantastic. But the truth is, it was happenstance – and yes, the marketers caught on in time, in order to increase sales. But I wouldn’t say that they “used the video for promotion,” rather, it happened organically. It wasn’t a planned “viral video” (because you don’t create “viral videos” – you create great video that you can plan a viral marketing campaign around) by brilliant marketers. And this video doesn’t make Jill and Kevin, Chris Brown or the rights owners brilliant marketers.

The truth is, while social media isn’t as radical as some may claim it to be, it has presented an entirely new way of thinking and interacting – especially for businesses – and for the most part, we’re all on a pretty level playing field. What will shake out in the next year or so is the “social media expert” moniker – we’ll see who is really developing ongoing and persistently smart and effective social marketing strategies, vs those one hit wonders or “I can set up a Facebook fan page for you” consultants.

It’s been interesting watching the explosive growth of social media’s popularity, especially for marketers. When we first introduced Twitter to clients over two years ago – suggesting its use as part of marketing, PR, customer service and sales strategies – we were one of the first PR firms that had established a corporate entity on the now-explosive microblogging service. In fact, we were part of the early discussions around whether or not corporations should be on Twitter at all (and maybe a little too ahead of our time, but that’s another blog post). Luckily, our stance was yes. What’s really interesting in that post, by the way, is reading the comments and comparing the attitudes then to now.

Today, what we’re finding is that our counsel isn’t needed to convince clients that social media is important. Rather, it’s to help clients understand the definition of social marketing vs the “social media” buzz-worthy moniker. I’ve been interviewed several times over the last couple of months about social media for business. In almost every interview the question arises: “What’s the first thing a company should do when thinking about social media for business?” My answer is always – “Know your business goals. Be clear on what you are trying to accomplish first.” It’s surprising how many businesses just want to jump in feet first now that social media for business is all the rage. But the bottom line is, whatever you do with social marketing should tie back to your business goals – whether it’s increased awareness, definitive thought leadership, sales, better customer service, leads, business development, partnerships, etc.

Know your business goals. Recognize the difference between social media and social marketing and beware of “social media experts” that don’t bother to ask about your business goals. If they don’t understand what you’re trying to accomplish as a business, all the greatest videos, Tweets or Facebook fan numbers will be a moot point.

Persuasive Picks for the week of 08/09/09

EasyBake OvenCooking Social Media with an EasyBake Oven vs. a Viking Range
Chip Griffin from MediaBullseye.com shares an entertaining comparison when getting ready to “cook up” some social media.

CEOs Say: How To Be An Executive Blogger
Good stories and advice for CEOs looking to blog or just to become better bloggers.

10 Ways to Archive Your Tweets
Did you know that your Tweets aren’t really searchable forever? ReadWriteWeb’s Sarah Perez shares 10 ways to back them up.

Five ways to help your CEO embrace social media
A little post from “down-under” that gives some advice on how to get the top brass on board with your social media strategy.

Why Facebook Wants FriendFeed
Om Malik shares his point of view on why Facebook’s acquisition of Friendfeed is not about Twitter but more about Google.

Pssst, We’re Recruiting, Spread the Word

I’m happy to say that we’re on the hunt for some new, innovative employees. I wanted to spread the word as much as possible, so in addition to updating our careers page on the web site, I interrupt our regularly-scheduled blogging to share the following details. Thanks in advance for passing it along.

Are you a PR 2.0 expert with proven experience in both traditional programs and new media? PerkettPR is recruiting!

PerkettPR is seeking Account Strategists who can demonstrate the proven ability to run traditional PR programs such as media relations, customer/partner programs, speaking engagements, events initiatives and grassroots campaigns, as well as new media and digital production: social media campaigns, video, podcasts, etc.

Specifically, you must:

  • have a minimum of five years related experience
  • demonstrate results or case studies in PR and new media as well as client service
  • be comfortable – experience preferred – working from a home office
  • have experience in technology but demonstrate a willingness to work in industries such as healthcare, fashion, travel, entertainment. If you have specific experience to bring to the table, please highlight it
  • have an entrepreneurial spirit
  • show us why you are a standout – what will you teach us?
  • do your homework – communicate your understanding of who we are, our culture and how we are unique in the industry

Ideally, you will:

  • have a sense of humor – for fun and for sanity!
  • be in or near Boston, NYC, San Francisco or Detroit
  • not lead with “why I want to work from home”
  • have PR agency experience or client service experience
  • be creative in how and where you apply/show us your work
  • understand the bigger picture and give us an idea of how you will not only help deliver the best client service but help our organization grow and innovate

BIG HINT: if you follow @PerkettPR on Twitter and DM us that you have sent a resume, it will be more noticeable…

Submit your details to careers(at)perkettpr(dot)com and in the subject line, please indicate the position (Account Strategist) and location, (Boston, NY, Detroit or San Francisco). Visit our website for more details. Thanks for reading.

Beating a Dead Social Media Horse

I’ve been suffering a bit of blogger’s block lately – finding a motivational topic difficult to come by and even harder, something everyone’s not already talking about. So I reached out to my Twitter community and asked for ideas. I received some interesting feedback but one that caught me by surprise was from @Britrock, who suggested I write “about topics that are beaten to death and why the subject is so popular?”

So here I am and the subject is of course, social media. It’s absolutely beaten to death – yet unsolved – and it’s so popular because no one can quite agree on its definition, its impact, its value, its future or even its present. Not everyone is bought into the “concept” and even when businesses are, they are unsure who to trust – who really “gets it” from a business value perspective and understands that it’s more strategic than creating a Facebook fan page and some cool videos?

We do know that it’s currently the hot buzzword in business. Oh, and it’s supposedly killing off entire industries such as PR, advertising and traditional media.

Social media is such a broad term, subject to the individual definition of everyone who mentions it. Some people think it means digital production, others think it means blogger relations and currently, Wikipedia defines it as “online content created by people using highly accessible and scalable publishing technologies.”

Businesses are trying to define its value, executives/celebrities/political figures are trying to understand how to use it, and “experts” galore are casting the FUD factor all over in hopes of capitalizing on the currently-hot trend. It’s talked about so much but in the end, I think it’s simple.

Social media is talking with – not at – those who matter to you, your brand, your business. It’s such a simple concept but it’s difficult for businesses to embrace because we’ve spent so many years just pushing messages out one way. Brands didn’t necessarily want to listen – they just wanted to dictate thought and influence opinions. Ad agencies would create sleek – and sometimes stupid – ads that people would mostly chat about the day after each year’s Super Bowl. If brands got lucky they’d hit a word-of-mouth winner like “Where’s the Beef” or “Aflac.” PR teams wrote press releases full of fluffy words that real people would never say, and no one really cared as long as it grabbed some attention and resulted in media coverage.

But now, things are different. With “social media,” consumers can not only post, dissect and analyze your words, they can create their own commercials about your product. They can write full blog posts about your press release and how silly it sounds and encourage others to create their own “fluffy words list” underneath it. They can create and promote “I hate your product” fan pages on Facebook and in just seconds, tell 25,000 people with 140 words how frustrated they are.


Or, how happy they are.

And here’s the thing – because they’re not actually trying to sell anything, they’re probably going to get more people to listen to them than a big brand standing on its own soap box. (Hence the illusion that PR and ad industries will suffer – rather, they will evolve – but that’s another blog post.) So what can you as a brand or a business do?

This brings me back to my definition of social media – talking with and not at. Clients very often come to us when something negative is said about them in a blog or on a social site like Twitter. Of course we analyze each instance but very often we encourage clients to engage with the naysayer – and this is a very difficult thing for businesses to get comfortable with. They don’t want to stir the pot or seem disingenuous. But when you have an issue with someone in your life, don’t you address the situation? Communicate? Discuss? That’s what social media is allowing us businesses to do in a way never before possible. You can fight or ignore it, or you can embrace and benefit from it.

Social media allows you to communicate directly with your customers and prospects. It gives you a platform to spark discussions that showcase your thought leadership or tell a customer story in a more visual and interactive way than ever before. It gives you a chance to share content among a community that you can see is relevant based on the discussions already taking place.

No, you can’t control it – but you can participate in, and positively influence, discussions. And if having happy customers tell others about you is valuable to you, (or showing prospects that you care about their opinion, or fixing a problem someone is having with your product, or lowering attrition, or showcasing your thought leadership, or winning a new client because they see so many other influencers engaging with you, etc.) then there’s your answer to social media ROI.

Persuasive Picks for the week of 06/14/09

Building Your Online Brand: Five Basic Strategies
Diana Huff share five tips for building your brand online. It’s amazing how often many of these common sense strategies get overlooked.

Blogging Is Dying; Twitter Is to Blame
Crayonista, Joseph Jaffe shares an interesting perspective via MPDailyFix.com (cross-posted from JaffeJuice.com) on how Twitter might be causing blogs to fade away.

Search Engine Tools, useful resources
As I’ve mentioned in previous Picks posts, we need to continue to always teach the basics. Barry Hurd does just that by sharing a short list of useful (and free) search engine tools to use when doing keyword research.

15 Things Social Media Can Do for You Today
David Finch believes “We often get so engrossed in the ROI, measurements, and tools of social media that we forget real life examples of how social media can work.” To support that notion he shares 15 ways social media can help change the way you interact online.

Google Asks Common Man “What is a Browser?” Common Man Has No Clue [Video]
Adam Ostrow shares this entertaining “man on the street” video that demonstrates how little the general public knows about basic technology. It teaches a valuable lesson on how difficult it is to get people to adopt new technologies into their lives – something Google is currently facing with trying to get people to adopt the new Chrome browser.

Tom Foremski Takes a Closer Look at the Changing PR Industry

A while ago we wrote a post asking readers what they thought the PR industry could be doing better. I’ll be honest, I was a little dissapointed with the return – only a few readers commented. So I’m hoping now that Tom Foremski – veteran business journalist, author of Silicon Valley Watcher and host of Fridays with Foremski – is asking, more business, tech and marketing industry executives will pay attention and speak up.

Tom regularly writes on business, technology and media – including many posts about what the PR industry is doing – both right and wrong. One of his most recent PR musings, “The New Rules in PR – The Old Model is Dead,” reflects on how “the PR industry has run out of road.” This particular post caught my eye because he talks about social media – “there is no such thing as social media” – and what PR agencies are seeing change as a result.

Tom is turning this post into a series over the next couple of weeks, where he’ll taking a closer look at these changes. He says “I’m particularly interested in the extent of ‘social media’ expertise among the PR agencies. I’ll be looking to see who in the agencies is active in blogging, Twitter, FaceBook, YouTube, etc. Is it the senior people or is it junior staff? How often do they update, how much traffic do they get? What’s the quality of their content?”

So please, clients, prospects, partners, readers, industry colleagues – speak up. Let Tom know your opinion and thoughts on the changing PR industry and whether you think these types of activities are important. Are PR firms delivering good content? Do they understand how and where to promote it?  What do you expect from your agency these days? What’s going well, what’s missing? What keeps you up at night when you think about your own PR campaigns?

I’m sure he’d be happy to hear from you – and smart agencies will heed his findings. I know I’ll be paying close attention.