I have been a marketeer for 8+ years now and have seen many changes in technology of marketing in that time, but none with as much impact as social media. I was there for the start of email marketing, Web Analytics/metrics and SEO. I use to create “brochure sites” and then measure the hits to the websites…. Oh how things are moving… and moving quickly.
So why is there so much hype around social media?
Having used social media in business for the last 2 years I, like many marketeers, am still exploring the full extent of its potential. I have worked my way through trial and ERROR to learn and understand what works for the companies who employ me and what doesn’t. I have come up with some pretty simple, yet effective strategies that I will pass on in future posts. I am by no means an expert, yet thanks to social media we seem to have 1000’s of people who consider themselves to be just that.
Here is a a real life example of how Social media has changed the way I market, as well as the way I look at companies for future employment.
I know of a company that delivers Microsoft IT Training. It promised that within a few weeks you could have a dream job in IT. The target audience was anyone unemployed, who wanted to change careers, or who wanted to work in IT (A very large consumer market).
Now before I start I want to make it clear that this can happen, and has happened…. but only to a very small few of exceptional and hard working individuals; the average person would take much longer. This course had a drop out rate of over 80% but this was never marketed of course.
I believe this company came from the “marketing of yesteryear philosophy”.
“Let’s create collateral that looks great, has poweful messages, let’s use sales people who can sell ice to Eskimos, and lets create a NEED for it”. For this company, a new website, SEO, ATL advertising, and email campaigns provided warm leads for the sales team…. This company did really well. Leads increased, sales increased, profits increased so the owners were very happy.
However the customers were not. They were sold a dream, but did not read all of the small print (not that there really was any)….
Imagine images of young happy people looking to the sunny blue skies and the customer is thinking “this could be me”…. That’s what was promised, but not what was delivered.
This company got the marketing and sales spot on, yet failed on delivering its product and the support of its customers. The customers cries fell on deaf ears so with no one to turn to, where do you think they went?,,, the internet and forums….. (Twitter was just taking off, lucky for them). The customers started posting their displeasure and lack of support on IT forums and they were heard far and wide. What little reputation the company had was taking a slating.
Members of these forums picked up on this and when questions were asked by new people researching “getting into IT”, members passed on what they heard or pointed them to old posts. (Social media)
I have now heard than 18 months later the company is really struggling, the sales team has halved and the regional office has now closed. I spoke to a salesmen still there and he mentioned that the leads have slowed down greatly over the past year. This salesperson mentioned that the drop out rate from the intial lead to closing the sale had increased significantly and when speaking to these leads many were scared off by what they had read online after researching.
Has social media had anything to do with the company’s demise?
Yes – because thanks to Social Media we all have a voice and a lot of unhappy customers made their voice heard. The Forums that these grievances landed on were some of the largest and most well respected forums in the industry and that meant that a) it was viewed by many and b) at the time it ranked high in Google (sometimes higher than the company). All the promises on the website and advertising (brand identity) could not undo the damage that was posted on these forums.
No – because at the end of the day the company was too short sighted and just thought of profit (in the short term). The real demise was not delivering on the promises offered and then not supporting the students when they needed it. The owners of the company knew what was happening but chose to ignore it because profits were growing.
What have I learned from watching this company not listening?
- Social media is a powerful communication tool and it does give the voice back to the customer.
- Don’t use smoke and mirrors in marketing because in the long run it will be found out. – I still struggle conveying this to a lot of C level professional as they are still stuck in the marketing of yesteryear. They don’t understand that thanks to social media, the power of the customer voice is far stronger than it ever was. Remember the old saying we only talk about our bad experiences…. look at how big the listening audience is now.
- Transparency is key
- I use to only research a company’s products and services when looking for a new job. I now research their online reputation as well.
- I want to work for a company that delivers on the promise it markets.
Here are a few changes that I have made with the way I market for the companies who employ me.
Old Marketing Philosophy
- Create an image, brand identity – use smoke and mirrors or whatever you can to make people aware of it
- Create the right message and people will want it
- We know what the customer wants, they just don’t know it yet
- We say what the brand is
New Marketing Philosophy
- Its all about the product and/or service, not the smoke and mirrors.
- Listen to the customer, they know what they want.
- Let them market the product for you. If they have a great idea, then it could be good for all
- Use what you have learned by listening and make changes, adjustments to what you have.
- Be Transparent and honest
- The consumer says what the brand is
Has anyone else had similar experiences and learnt valuable lessons thanks to Social Media?
