I stumbled on this BizNik post this morning and felt it well worth sharing. And, I must confess, I’m not sure I could have penned a more thorough and useful description of social media trends in 2011 even though I am an ardent follower of all things social media. So since I couldn’t have done it better and because I wholeheartedly agree with her conclusions, courtesy of Sue Cartwright, Director of Unisey Ltd and founder of The Unisey Hub, please read on.
“We don’t have a choice on whether we do social media, the question is how well we do it.” – Erik Qualman
A Future Perspective
Having spent the last year fully absorbed in social media practice and keeping my ear to the ground to capture emerging trends, I still firmly believe that for most of us, 2011 is the year for developing practical social media strategies that will help us to sustain and improve our return on investment . However, knowing that there is much more to it than that, you might like to jump ahead and try out some of these new ideas, concepts and gizmos.
Social Media Strategy
If 2011 is all about strategy and how we justify and benefit from our time spent on social media, strategists who claim to help us towards that end will need to concentrate on more practical tasks such as identifying and piloting new tools, integrating social marketing with PR, marketing, advertising and customer service, developing protocols and measuring the right things. A key objective will be to effectively educate and integrate social-based thinking into business processes and culture.
With more users on LinkedIn, Twitter and Facebook, more videos, apps and devices, a growing number of organisations will go beyond using social channels merely for building awareness and providing support.
It’s a question of thinking less about technology and more about what social media can do, what the real risks are and how our new-found connectivity can be used to shape the future in the most beneficial way.
Listening to People
The ability to make informed decisions is a natural gift of social media. Rather than searching for ideas on Google, new thought-leaders such as bloggers and those who dominate social networks will become key influences in our decision-making process.
With 78% of consumers trusting peer reviews when only 14% trust advertisements, it is essential to be involved in your online community, to build a good reputation and know what people are saying about you. To do this effectively you need to engage in conversations, monitor the outcomes, join the debate, help others and show customers you care as a means to building a loyal network.
Social media dashboards or keyword-alert services such as Radian6 and Objective Marketer and free management sites such as Hootsuite and Tweetdeck allow users to monitor and participate in live conversations. Setting up Google Alerts is a good starting point to find out if people are talking about you and/or your business.
Empowering Employees
Supporting employees to understand social networking from a business perspective, and encouraging them to find their voice and demonstrate their passion for a business and brand, is a key trend for forward thinking organisations. It’s a fantastic approach, placing trust in employees, teaching them well and allowing them to get on with it. As organisations understand the power of collaborating in this way with their employees and customers, they will use things like crowdsourcing as a way to create new ideas, address issues and pool suggestions for improvement.
On the downside, boardrooms will continue to block the use of social media platforms even though employees are using them on their mobile phones, in their own time. Board members will worry about staff speaking out of turn and will need to understand how to deal with these issues by assigning and trusting authorised social media users.
With this in mind, true social media knowledge will have a high value in 2011. There will be a rise of people who do it right and do it well and organisations will need them. Any fakers who get it wrong will be exposed and there will be a growing divide between those who get it right and those who get it wrong.
Redefining Return on Investment (ROI)
Despite 2010 being a year filled with ROI discussions and some strong case studies, many companies still don’t know how to meaningfully measure ROI. However, as brands move towards using social media more effectively, ROI metrics will evolve beyond counting followers, likes and comments.
Companies who hire social media strategists with proven marketing analytics backgrounds and business strategy experience will have the upper hand and will place first in the race to cracking the ROI code.
Location-Based Marketing
Applications such as Foursquare, FacebookPlaces and Gowalla will help to better target prospects’ likes and interests, stimulate interest and influence purchase decisions by offering discounts, promotions or giveaways when they ‘check in’ to your business.
Location services will grow in popularity as people get more comfortable with finding and checking into a business from their mobile phones. This will be the result of enhanced safety features such as privacy options that block locations from public view and the development of ever more enticing brand offers.
Mobile Marketing
Last year for the first time, smartphone sales overpowered the sales of desktops and laptops with iPhone and iPad applications downloaded more than 7 billion times. In 2011, mobile users will interact with content, companies and the internet more on their phones and iPads than on their computers.
As the mobile arena grows, small businesses will continue to move marketing campaigns to mobile phones with text messaging sites like Cellit and Enowit offering tiered levels of service and free demo accounts that allow you to test a mobile-marketing campaign. This service will be improved with the new 4G mobile phone speed that allows marketers to get their message out faster with quicker download times. It’s a good idea to jump on this early and incorporate it into your 2011 marketing plan.
Video Platforms
YouTube might be one of the largest user-generated video-sharing sites on the Internet today, but other more business-focused platforms are beginning to surface that make it easier to market videos. Sites like Viddler, Vimeo and Dailymotion will gain momentum with a stronger focus on live streaming such as the interactive broadcasting platform Ustream or streaming from blogs.
Video engagement is continuously increasing and in October 2010, 5.4 billion videos were viewed, 2 billion of which were on Facebook. Brands and consumers rely on video to provide information that can shape people’s perception about companies and each other.
Presentation Platforms
As tele-seminars become overused and tired, interactive web seminar platforms will step in to fill market demands. New presentation platforms such as SlideRocket.com and Prezi.com are incorporating easy-to-build presentation tools with social media, live feeds and video. People online want to see their presenter, not just listen over a phone line.
QR Matrix Bar Codes
QR codes can be printed on your business card and literature to add interactivity and trackability to traditionally un-trackable print and outdoor media. They are poised to grow exponentially in the US, given that 51% of all Americans will be carrying smartphones in 2011. A number of companies are experimenting with (or betting their business on) QR codes and there will be a great deal more development in QR in 2011.
WordPress-Based Websites
Open source publishing application WordPress will become the blogging platform of choice because it makes it easier for websites to implement search-engine optimisation at little or no cost with plug-ins adding specific capabilities to software applications. To stay competitive, consider moving your website to a WordPress platform. These sites are user-friendly and do not require knowledge of HTML code.
Review Sites
Websites dedicated to customer reviews will dominate the social media landscape. Consumers want to be heard and want answers. Sites such as Groubal.com will achieve this by consolidating common complaints and presenting petitions to businesses, demanding answers for any wrong-doings. Consumers are even creating blogs to teach people how to complain effectively.
This is another reason to monitor conversations about your products and services online. Moving into 2011, make sure you have a plan for how to respond to positive and negative reviews. Remember to respond immediately as reviews will start to spread like wildfire across these sites.
Q&A Sites
Whether we like it or not, people are beginning to make real decisions based on recommendations from their virtual friends. Sites such as JustAnswer allow people to ask a question and get answers from real people. The marketing possibilities become endless because data will be collected from groups of people instead of one customer at a time.
Another Q&A site positioned to be bigger and better than Twitter is Quora, a continually improving collection of questions and answers that are created, edited and organised by everyone who uses it. Sites like these will enable users to position themselves as experts on a range of subjects to gain exposure and credibility with a wider audience.
A Means to an End
The fact that this is an extremely long post, trimmed down by a few pages having left some things out, it goes to show that we can’t ignore the fact that social media has become an integral part of the world we live in. With 600 million Facebook users, it has already won.
The thing to remember is that social media platforms are purely a means to an end, a route to greater connectivity, a think-tank of interconnected minds, an infinite and free opportunity to find your voice, raise your profile and communicate with people you want to know and do business with. I would suggest this should be our key priority for 2011 and the years to come.