Archive for the ‘Uncategorized’ Category

We’re lucky to live in an age where squishy words like “influence” are acquiring mathematical meaning.  We’re very lucky that someone recognized this development early and wrote a book about it.  And we’re very, very lucky that person is Mark Schaefer, a marketer who is as comfortable with business metrics as he is the human elements that make them move.

Schaefer’s book, “Return on Influence” pierces the veil that shrouds social scoring tools like Klout, Kred and PeerIndex.  He points out that for the first time ever, marketers — whether from the business, government or NGO world — can see the people who hold the most sway online about their brands.  This evolutionary leap forward in our field is hard to understand without context, and that’s where the author’s research shines.  From the 1840s to the 1960s, Schaefer looks at how influence has played a role in marketing goods and services.  He fast forwards to today, serving up case studies of how scoring tools are being used to find brand advocates, boost impressions, improve consumer feedback, launch products, and (my favorite) advance thought leadership in the B2B world.

Schaefer explores the two opposing schools of thought on how these new metrics will impact society.

The first foresees an Eden of influence where everyone gets treated as a celebrity in their niche topic.  The second predicts a caste system where elite thought leaders keep everyone else down, especially the young who haven’t built up their reputations yet.  He takes an unflinching look at where scoring systems have work to do, such as accounting for people who enjoy larger amounts of influence offline than they do online.

When picking up the book, a question that’s sure to be top-of-mind is, “will this teach me how to raise my Klout score?” The short answer is “yes.”  Based on his extensive research and unprecedented access to the people who create social score algorythyms, Schaefer provides an in-depth guide to growing your score.

But more valuable than putting points on the board is knowing how to actually become more influential.  For that, Schaefer draws on principles developed by Dr. Robert Caldini, the author of  ”Influence: The Psychology of Persuasion.”  Caldini’s six principles of what makes people influential – consistency, social proof, authority, likability, scarcity and  reciprocity — are all explored through the social media and social scoring lenses.

Historical perspective, explanations of scoring methodologies and PhD-level psychological insights:  Schaefer has stirred these ingredients into a potent potion. Bottoms up.

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Don’t think “Google+ for Business” is a good book because it teaches you how to use G+, although it does.  And don’t think it’s good because it has dozens of useful case studies, though it does that too.  No, know that Chris Brogan’s latest work is good because it teaches you an entirely new skill: how to strategically embrace, experiment and discover value in the first social network to debut in the post-Facebook/LinkedIn/Twitter age. G+ won’t be the first major new network to come knocking on company’s busy and well-oiled social media operation.  So knowing how to answer the three questions below is pretty darn useful:

  • How do I use a tool strategically when its value is unknown, unmeasured and unpredictable?
  • How do I fit this channel into to my ecosystem when I’m already so busy?
  • My business goals are clear (the usual: grow revenues and margins, lower cost of recruitment, etc.), but what should my objectives for this network be? Do I want lots of followers? Just the perfect few?

Beyond the strategic value of the first 11 chapters, chapter 12, titled “Setting up Your Business Page” is a solid primer on how to get your company (or clients) rolling on Google+.  Definitely worth the read, though better as an e-book than print because you’ll want to highlight and later easily find the case studies.

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Hubspot’s delighted us again with their social media analytics.  They’ve launched a free Twitter keyword tool called TweetCharts that shows you — for any word, any username, any hashtag — the following (and a bit more):

1. How many contain links

2. How many are re-tweets

3. How many are replies

4. Gender of tweeters

5. Top keywords most associated with your term

6. Most mentioned users

7. Top links for that query

Yes, some of this info can be found with paid monitoring tools, but this one is free, everything’s displayed in a chart, and it’s FAST .  Here’s an example of a report I ran on #B2B and #SM.   Dan Zarella has a post here on different ways to use the new tool.

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The night before I met Clay Johnson, author of The Information Diet, I was flying back to NY enjoying two hours of uninterrupted email. Inflight rules being what they are, I couldn’t send or receive messages; just write responses to the ones I had. One after another, well thought out communiques went into the ether.

“If only I could have that experience every week,” I thought. The next day, Clay delivered an address at Burson-Marsteller (C-SPAN clip here) and I decided to read his book.

The first half is, in a word, “awesome.”  I haven’t had my point of view on the media so rocked since Clay Shirky’s, “Here Comes Everybody.”

Johnson makes the case that knowing how to filter information is a new skill, akin to literacy.  Further, the comparison to obesity isn’t a marketing ploy to sell the book. It’s a serious examination of how over-consumption of data is scarily like the overconsumption of food.  In his speech, Johnson says he doesn’t believe in “information overload” because we have a choice in how much we consume.  That said, there’s an awful lot of tempting stuff out there.  The “wisdom of crowds” that we celebrate for bringing the best content to the top of the pile?  Turns out the crowd loves cat pictures as much as it does useful content. (Oh, Reddit. I’ll never give you up.)  So knowing how this stuff hits the pleasure centers of your brain is the first step down a different path.

The second half of the book is filled with techniques for improving your information diet. It’s great if you’re an information civilian, looking to become a less distracted member of society. But if you work in  PR — or worse, social media and PR — ”The Information Diet” shows you just how bad yours is.

Consider: Johnson suggests people look at primary sources of information rather than consuming secondary interpretations and tertiary commentary. Sounds good, right?  But what if your JOB is to understand how information gets interpreted, discussed, shared and found?  Or what about the technique of scheduling “appointments” to deal with email, instead of having it constantly interrupt you?  It worked well on that plane ride, but I’d be a poor traffic cop for my team if I showed up at the intersection just three times a day.

I walked away from the book feeling a bit down.  After that flight, I knew there was something to be gained in changing how I filter information, but still couldn’t tell what.  I passed the TV in hallway at work which had the news on.  There was a story about some awful thing that had happened in a small town.  I got that small adrenaline burst seeing the “breaking news” crawl and slowed down to watch. “But wait a minute,” I thought. “This is exactly what Johnson was talking about.”  The heart rate slowed.  The desire to keep watching fell.  Turned out I was able to assert more control of my information inputs just by knowing how the system worked.  It was a start.

A month after reading the book, I can assert that this new type of literacy can do a lot for your workflow.

After doing some self-study of information habits, I created a list of my “inputs” (ie NY Times, books, B2B blogs, Twitter), where I try to be a “value-add” online (creating new content, curating, commenting), and “outputs” (my two blogs, Twitter, G+, LinkedIn).  I then created a schedule and a list of my own expectations for how much to take in and push out, measured by the hours I was willing to spend and some minimal numerical targets.

Bottom line, it’s working.  And I’ve got a set of guidelines to follow that let me know when it’s going off the rails.

Give the book a chance. I think it can do the same for anyone who works in PR, and most of all, those who work in social media.

Resources:

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I’ve been reading “The Information Diet” and got inspired to find ways to manage my social media activities more efficiently.  I often use Google Alerts to tell me when there’s new content on something like “wealth management” and “social media.”  I’ve got seven of those terms going for financial social media topics, and my  default setting HAS been to get the alert s once a day.  You can see why my Gmail has become borderline unusable in the past couple months.

The key insight here (thanks, Clay Johnson), isn’t the amount of content.  It’s the number of delivery packages it comes in.  Seven emails a day feels like too much to go through.  They also arrive at different times of the day, serving as a permanent distraction from other work.

So today, I put all of my compound search terms into a single query.  For example, ["wealth management" and "social media" or "hedge funds" and "social media" or "private equity" and "social media."].  This way, I get a single lengthy email that’s easy to scan and my brain can handle it better because it’s focused on one governing topic.  I also changed the alerts to just once a week and will match its arrival with one couple-hour sit-down to go through everything, digest the trends and curate/create new content.

I’ll let you know how this experiment works out, and am curious to hear your tips on managing the inbound flow of content.

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I’m testing something with a social media monitoring program.  527190687j

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My dad gave me a call once when I was in college, asking how to do something in PowerPoint. I gave him the answer and he replied — incredulously — “how did you learn this stuff? Was there a book?” I said “no, you just play around with the program for a few days and figure it out.” He said, “I have a business, I don’t have that kind of time.”

Once I left the world of the dorm and got a job, I pretty much became my dad. I don’t have three days straight to learn every facet of a new social network. If you’re reading this, I bet you don’t either.

That’s why you should pick up “The Google+ Guide” by Scott McNulty. It’s a terrific user’s manual for Google+, compressing weeks of guessing how it works into hours of KNOWING how it works. The prose is smooth, the pictures tell you you’re in the right place, and whoever did the layout deserves a high five. The combination — I kid you not — is so readable that you don’t have to have your laptop open at the same time. (Though logging into Google+ and playing around for an hour is advisable before starting the book).

One last point to overcome your reluctance to read a book on Google+: If you work in social media, there’s sometimes a stigma against using a book to learn something new. We’re supposed to take the ‘dorm room’ approach and learn stuff the hard way. There’s truth to that. You will learn more through trial and error than out of a book. But why not let the book fast-forward the process by a month so that you can focus on advanced techniques sooner? That way you can put your R&D time into other areas. There’s no shortage of new networks to explore.

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That “People You May Know” feature has been such a permanent fixture on LinkedIn that your eyes may be glossing over it.  The new upgrade will change that.  The initial view looks static, but the magic is all in the rollover navigation.  Watch the 1-minute video below to see how it works. (More via Mashable and LinkedIn’s blog.)

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I was watching the 1986 Peter, Paul & Mary concert on PBS today and caught this quote from Paul Stookey on the evolution of media.  He half-jokingly predicting the famous TIME Magazine 2006 Person of the Year: YOU. You’ll remember that one as published with a mirror on the cover, celebrating user-generated content.

“In the 50s, [the] magazine was called ‘Life.’ And that’s what it was all about. How broad can you be? How accessible? Life! Then in the 60s a new magazine came out called ‘People.’ People are a large part of life, it’s true. But they’re not everything there is in life. And then the next magazine that came out in the 70s…it was called ‘Us.” Now ‘Us’ is still people too, only you see, it’s not ‘them,’ it’s only ‘us.’ Then about three years ago I saw a new magazine on the stand called ‘Self.’ I knew we were in trouble then. Any day now I expect to get a magazine subscription for a magazine called ‘meeeee!’ And when you get it it’s 20 pages of reynolds wrap.”

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Is social media a totally new phenomenon or just the latest expression of people’s desire to connect?  Thankfully, David Gowell’s LinkedIn book puts that debate to rest by proving it’s BOTH. In “The Power of a Link,” Gowell explains that LinkedIn reveals the social network you’ve always had, but could never see.  That’s a huge — and hugely underestimated — capability.

The author challenges you to imagine the alternative.  To replicate LinkedIn’s power, you’d need to call everyone you know (your first-degree connections), ask them for the names of everyone they know (second degree connections), and then call those folks and ask for everyone THEY know (third degree).  Got that list?  Great. Now figure out how to update it in real-time as life moves forward.

The problem is that people still don’t know how to use this new tool, despite it being one of the most established.  That brings us to  the “desire to connect.”  Although we all want to build better business relationships, people are pretty bad at doing it in a strategic way.  The strategic part requires understanding how social capital works.  Thankfully, Gowell brings this abstract concept it to life through great stories, many of which are from his days as an Army Ranger.

As much as people will buy “the  Power in a Link” to learn how to use LinkedIn’s social network technology, they’ll ultimately be learning how to use their own social networks.

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