This blog aims to share and stimulate dialogue around ideas for small business development and growth.
I fear for social media at the moment. As the masses start their reserved adoption of social media and the ROI agenda heightens, are we not going to lose the original intent of social media? That is to engage, connect, participate and converse. Something the early adopters have found so exciting. Seriously, why is there a gripped frenzy to make money out of social media?
In the early adoption phase, the playing field tipped to an almost horizontal level as genuine and sincere conversations were abundant. I’m feeling an unnerving tilting towards money making activity now with broadcasting running through its veins now that the masses have sat up and noticed. People de sensitive to fun, human, people to people and social activity who are keen to exploit the economics of social media rather than its ecology.
For every ‘community’ with common purpose in social media, there is an opposite, someone striving to make cash. The next two years are going to be far more interesting than the last, revealing more about our society and how we have been conditioned to operate. The tension between making money and having an impact will be a ’see saw’ battle. In an ideal world the two should be able to co exist but I’m not so sure whether we’ll see a polarisation. We have a fascination in our culture with ownership. Who owns social media? The participants and content creators or the corporates? A question Facebook will need to answer soon enough.
Perhaps, unusually I’m being cynical, or perhaps realistic? But as soon as spaces, places, people, individuals and content are seen as property, where the main value is money, will be the moment we potentially lose the true sense of social media and centralised, corporate behaviour will ensue.
I’ve been privileged to be part of the beginning of the phenomenon and will continue to engage through social media with some fascinating people and inspiring content. I’ll avoid the money making pirates who will start to steal the bounty that is people to people connectivity. I’ll remain motivated by its sincerity and occasionally buy because of peer to peer discussion. But what I’ll repulse against is the broadcast, money, de connectivity of the activity we will see more and more of as the masses stick their head above the parapet and indulge themselves in something they have been underrating for a while now.
My purpose in social media is to connect and converse, the masses had better make sure they don’t start to shout, control and broadcast to me! I’m on the ‘making an impact’ end of the continuum not the ‘making money.’ Just wanted to be clear about that!
The groundswell of change is leading to some seismic shifts in the next five particularly for leadership, jobs won’t change much but the emphasis in your company will:
1. There will always be indispensible people required, except you’ll need a lot more in your company tomorrow. These people will be ‘world class,’ passionate, fully engaged, online, followed, creative, leaders, organising discussion groups via Linkedin, people orientated, trusting, respectful and have high expectations.
2. There will always be reliable people unless you motivate them more intrinsically. They get paid to turn up, love silos and blame cultures. Low engagement, low communication, follow the rules, have conservative expectations. Believe in authority, hide creativity, follow but are not followed. They won’t blow your mind but will deliver a great days work to their job description.
3. There will always be low paid people. High turnover, little or low motivation, low in respect. They rock up and then go home with some shuffling in between. Expectations will be low.
You are what you do and what impact you have. In the future our businesses will need to be full of the number ones because its that distinctive element that will make us competitive as our products become increasingly much the same. The future business Seth Godin says “consists of well organised linchpins doing their thing in concert, creating more value than any factory could.”
Just thought I’d share some thoughts on how the eBook “Hang On” is doing after its recent launch. I’m conscious that lots of people are thinking about a doing a similar thing as part of their freemium model. Claire Marshall at www.RokkInternet.com suggested I do this at the launch. A promise I made and am about to keep.
I’ll not go into the too much detail, I’ll just point out a few facts that may help those of you thinking about making the commitment. I’m going to be honest, would I be anything else! During the production phase, think about these aspects:
1. Budget for it through opportunity cost. What ever time you think its going to take, double it. It cost my company £12k to write this eBook!
2. Do the research and always add your bibliography. Little tip, as you read stuff, write it down then, don’t spend two days at the end immersed in your bookshelf! Even Seth Godin’s started to include one!
3. Prepare for ‘bugger factors.” They always happen. I’d just started the book was on a very creative roll and my Grandmother passed away. Two weeks side tracked by more important things!
4. Get it designed properly by someone who knows how to do something that can be read on mobile, tablets and can be easily converted into an Apple app if so required.
5. Involve people. I’m not saying by reading the content. I personally prefer just to write it and then get the feedback once its done. But ask people to participate in the debate. I crowdsourced the words but would have liked to bring in Linkedin discussions etc if I had had time. Or made it part of my company’s ThinkLAB’s.
6. Its bloomin’ obvious but get it professionally proof read and get a creative comms license.
The aftermath has been fabulous. The launch party ridiculously successful. People networked, connected and have done new business. Perhaps it was the wine, perhaps just the atmosphere in the room, but everyone has fed back what a great evening it was. Many said they had made new friends! More specifically, there have been some fascinating insights:
1. It may be the design but most people are consuming it slowly. One reader said “Its not a McDonald’s , you don’t consume it in one sitting in 15 minutes. It’s more like a seven course evening dinner you spend hours on whilst washing down a particularly good merlot.” Fabulous. Main reason from several readers; apparently the content and the need to digest each ‘word’ as it’s so thought provoking. Thank you thats very kind.
2. No one is printing it. Just my intention!
3. I’ve been surprised by the number of people reading it on their mobiles and, in the last few weeks, the iPad. This perhaps indicates a trend for future eBooks.
4. There have been over 1000 downloads so far. We haven’t even rolled out the full marketing campaign for it so far. Just a launch party (highly recommended) and a little PR.
5. Since the launch, my Twitter account has gone haywire with the increase in the number of followers.
You don’t need to push me too much for me to say it was worth it and as any high end designer will tell you, your main piece of work, sometimes isn’t commercial. I’ve loved the process and learnt so much about myself. It is still early days yet, and I’ll give you a further update in six months! It’s not perfect but then thats just subjective anyway. What it is though, is it’s mine and you haven’t seen anything yet!!
Moving that static database where you ‘buy’ customers to a healthy, engaging, vibrant business community isn’t going to be easy, no one said it was. It’s also a long and windy road too. However, the only limitations to it are what you place on it, not your customers, nor, the community you already have. There is a clear step by step approach that I feel is appropriate using some leading edge thinkers for help and bit of my own brain power.
In simplistic terms, you need to understand that all community members are equal but they will have and want different roles. Participate and engage in different ways! In the past we would grade our customers based on A, B, C and D or whatever denomination that was. That’s a little outdated. Using a mix of Frank Reichheld’s model and Charlene Li and Josh Bernoff’s model in the book “Groundswell” can provide a great solution to getting to grips with the dynamics of your community.
Identifying the following groups is essential to planning your reputation and marketing campaign where you can engage with individuals, maximise the intelligence and intellect and ensure you communicate the right things at the right level.
I suggest these are the critical game players in your business community:
1. Pillar influencers - significant influencers, they are not afraid to challenge you, intellectual about the future and have the ability to refer potential customers.
2. Connectors – well connected either online or offline or both
3. Promoters – people who promote, without any incentive, what you do
4. Passives - people who buy from you on a regular basis but who can also become promoters with some encouragement
5. Collaborators who could also be co-creators
There are sub groups of people that are important but these are your main ones. These members will significantly shift your business towards the new competitive advantages of innovation, engagement and building relationships with the relevantpeople.
What’s non-negotiable is the fact that the groups are made up of people. People have replaced products, connections bind communities and, with that, comes the rocky movement from broadcasting at customers to being social with your community. It’s a hell of a challenge, but at the route is building the right relationships with the right people.
Phil Zimmerman was recently quoted as saying in the future we will all get our ’15 minutes of privacy’ rather than our Andy Warhol moment. Clever thought, and sadly, perhaps true. Both professionally and personally we are all going to have to manage our online reputations. We’ll even measure and score it. We’ll leave the personal element in the bottom drawer for now.
Measurement will evolve and monitoring is here already. I believe we will be measured independently based on the following five gauges:
Content – More work is online than ever before. With wikis and cloud computing, filing cabinets are becoming a thing of the past and it’s exposed, to some degree for everyone to see. In fact, it’s important that the content is accessible rather than hidden. The quality of that content will be critical. More of us will be publishing our work online, our ideas, knowledge and opinions.
Influence – This will be about your popularity. How many people are following you? How many fans you have? How often you are mentioned or referenced in other peoples content? It’s also about how well you are connected, who you are connected to and how you influence those networks.
Trust – Part of this will be how transparent, open and whether people respect your integrity. It will be about how you deal with the positive as well as the negative issues every business has. Included will be testimonials and case studies that clients quite openly communicate across their own online sphere not your website.
Community – Having a strong community around your brand will make online reputation management easier. A robust set of people full of influencers and passionate about what you do will fight your battles on your behalf. They are more ready to forgive if you deal with problems well. They will be engaged and assist you in managing your reputation over the long run.
How you use social media – This is perhaps as much about sourcing as marketing. The sourcing of innovative solutions, using social media to co-create, participate and share information. It will also involve seeking out top suppliers and partners.
If you want to hear more about this, I’ll be speaking at this event next week: http://www.eventbrite.com/event/509178968
It goes without saying that you earn reputation. If you don’t manage your online reputation someone else will and it isn’t that coffee induced, fast food journalist out to get you. Its not shameful promotion, its now the bedrock of managing your brand and developing a community. Expect to be measuring accurately soon…..
Our lives have been invaded by technology, that’s not a bad thing! However, it does present a paradox; we can work anywhere, anytime. Conversely, it means little escape from work. We tweet, blog, email and talk all the time. Next time you go for dinner, count the number of people who pick up during one of the courses!
We live in a world of interruption. First, it was advertising agencies intruding into our homes, now it’s via a little device that’s in our pockets. We must restore order over our time. Time has lost its boundaries which makes it even more excruciating to manage as we have little of it. We have ultimately lost control! It means that we are not often ‘there’ when we have conversations. We concentrate on several tasks at once rather than one or two that we do truly well. We answer our mobiles, become distracted by emails and faff about far too much. We have given technology permission to control our time not the other way round. For some it gives a sense of being important, but all we are doing is ‘biting off more than we can chew.’ It results in us living fast when actually being able to chill is far more appropriate and conducive to results.
We all need to find ways to control our time. Only opening emails three times a day, switching our phones off when we are at a dinner party, focusing on the people we are having a drink with and finding a little balance. You are dodging the issue if you think other people are controlling your time. It’s about learning to say no constructively. Controlling our time is not just about being more effective, it’s actually more about enriching our lives, enhancing our relationships and adding true value to what we do.
Controlling interruption gives us the opportunity to intensely focus on important, meaningful activity not the sheer volume. Time isn’t to be messed with; we let it pass us by far too easily without feeling it and enjoying it. We only get one shot at that moment in time, that day, that meeting, that client, that dinner party. Rushing through it, slightly dictated by interruption doesn’t add anything, it just really takes away.
There is an abundance of information on the web about social media that could take a lifetime to read and be all consuming. For some of us it is! However, there is a scarcity at the moment to how to weave this into an integrated marketing campaign.
Some would have us believe that its the only way forward and its the only thing you need to reach new and existing customers. Thats far too one dimensional and we’ll all fall into the trap of traditional marketing if we take that road.
As Olivier Blanchard said at www.wearelikeminds.com in February “Your business doesn’t plug into social media, social media plugs into your business.” He is right. It’s not an attachment, neither is it the only solution. We must not miss the opportunity to really get to the route cause of why we embark on social media campaigns. We can’t also ignore that its just as important to be gregarious offline as well as online.
Before embarking on any social media activity, we all need to go back to the beginning and think about how it is going to fundamentally change, for the better, the relationships we have with customers and employees. The fact is that social media is creating new vulnerabilities and opportunities for business. That can’t be ignored. There are some big questions to ask before setting a blog up such as; how will social media define what is being delivered to the customer.
We have to remember that, even now, most of our customers and users of social media read content but don’t necessarily post it. What that means, for now, is that social media is in a state of mass consumption, not mass creation. We have a long way to go to create meaningful experiences and that, in essence, is our first task!
We all need to wake up to this blurring between producers and consumers, I include customers in this too. If we had woken up, we’d within our businesses be creating platforms to encourage participation and creation whether online, or call me old fashioned, face to face.
We are possibly witnessing the democratisation of creativity. Communities of people connected around your brands wanting to get involved in how you shape the future of your businesses. If you’re scared by that, you need to ask why?
There are some scathing examples of forerunner industries on how not to do it. Consider the music industry. Pioneers at one end of the scale, taking advantage of technology by creating and remixing existing music to equal quality in a back bedroom. At the other end, instead of trying to build new business models around the freedom of creativity and digital content, business is backlashing big time by suing its customers. A lost opportunity.
Prosumers are not going away. Their contribution to our business is becoming fundamental. Co-creating with customers is extremely powerful. The solutions are likely to be better, the end product more aligned with customer need, and to be honest, it will probably be more inspiring than we could have ever created on our own. It also brings us closer to our fans, followers and audience.
But, it will demand a different way of doing business, new rules and a new set of challenges. Prosumers aren’t just buying our products anymore, they are making them in a fertile ground of innovation. This is more significant than gaining customer feedback, listening to our consumers, pulling focus groups together, customised solutions or design competitions. Its about customers being genuinely involved in co-creating products, marketing, human resource activity at a peer to peer level. If we sincerely want to be around in 10 years time, we need to learn new ways of leading these kinds of communities. And, if we don’t create and engage with these communities of prosumers, they will invent around us.

How we innovate and invent is set to change too. With the advent of globalisation and technology, its easier to find someone, somewhere in the world who can solve your problem right now. The traditional models are evaporating. No longer will we expect to innovate solely on an internal basis. Its just too expensive, narrow minded and loses you a whole bunch of chances.
We are well past the Issac Newton days of solving problems way ahead of the questions and just not telling anybody about them. Innovation has become collaborative. Technology develops at such a speed, organisations and individuals can longer keep up. That combined with the fact that most of us can’t attract and retain the best people in the world makes sole innovation almost null and void.
Thinking that you have all the answers and spending years developing the ‘great idea’ is a little egocentric and albeit gone. Someone has already sorted it. Peer production, open source communities, customer cocreation are all about harnessing the opportunities that bound in from several places. I call it the liquidity of innovation.
Just look at the examples of www.innocentive.com and www.yet2.com in house innovation is no longer enough, we can’t keep up. Our organisations need to turn innovation on its head. Research and development departments in the past were rewarded for getting patents, in the future it will be about assembling the best team to solve the problem.
By not pursuing a solution to our own innovation problems, we are losing out on an abundance of opportunities. Thats one of the reasons why communities and being close to our customers and people is going to be so damn important in the future. As well as being connected across the world too. Most of us act locally which is important, too many of us act multi nationally and not enough globally!
Well I don’t need to blog in depth today because Scott Gould has just posted this. Need I say anymore? Just a fabulous overview of how social media needs to be useful…..I think that goes for anything doesn’t it?
Well worth the read, click below.
http://scottgould.me/be-useful-the-6-social-media-presences/
Enjoy….you should, its brilliant!