7 Dimensions of Influence in Social Media

“I find that, as a rule, when a thing is a wonder to us it is not because of what we see in it, but because of what others have seen in it. We get almost all our wonders at second hand.”

—Mark Twain

English: Infographic on how Social Media are b...

English: Infographic on how Social Media are being used, and how everything is changed by them. (Photo credit: Wikipedia)

Marketers have mined social media data for “influencers” for years. To identify those people whose favorable tweets and posts can boost your sales, you need to be able to measure the influence of your customers.

A tool like Klout measures the influence of a person, based on popularity and potential reach in social media. But popularity and influence do not necessarily align.

If you plan to buy a tennis racket it is unlikely you follow Oprah’s advice on which brand to pick just because she has a Klout of 92. You’d rather listen to David Ferrer’s advice, Klout 73, for that choice. And still, you might just buy what your friend Carlos, who is a tennis pro, posts in a forum despite he has a Klout of 36.

Klout’s measure of influence is too shallow to give you the insight you need to figure out who influences your customers and how.

These 7 dimensions provide a framework to better understand influence in social media:

  1. Activity: how active a user is in a social networks is the simplest measure of influence. Combined with reach, it provides a basic two-dimensional model.

  2. Maximum reach: Understanding the potential impact of a user post will depend on factors such as number of followers, his recent influence upon them (number of RTs, favorites, lists) and the number of high-influencers among his following. The potential maximum reach of a user translates into what we could call OTSS (Opportunity To be Seen Socially)

  3. Social role: Malcolm Cladwell in The Tipping Point, defined 3 types of roles played by key actors in social epidemics. It maps perfectly into social media roles:

    • Connectors, or people that know who is who and who does what and can reach to them

    • Mavens, or “information specialists”, or people that know the marketplace on their area of expertise and are willing to share what they know.

    • Salespersons or “persuaders”, charismatic persons that makes other want to agree with them

  4. Authority: One of the key principles of persuasion in Cialdini’s work Influence. Authority is not universal, but rather linked to a subject. The authority of an user, can only be asserted as it relates to a subject. Mossberg’s authority in consumer gadgets will influence me in what tablet I choose to buy, but his opinion on a brand of jeans might be irrelevant to me. Oprah’s authority in regards with tennis rackets will not influence you as much as an ATP tennis player recommendation.

  5. Intimacy / affinity: Nielsen says that 26% of people are more likely to pay attention to an ad that has been posted by one of their social network acquaintances. If the tennis pro is my friend, then his chances to influence my buying decision will be higher than those coming from a pro unknown to me. How close you are to a person, and how many things you have in common will increase the likelihood you pay attention.

  6. Context: A given topic, time and place define a context in which the influence of a person can spark. Three examples of the role of context:

    • During the Egyptian revolution, the tweets from Tahrir Square provided live coverage during the protests and raised awareness regarding the protests.

    • A person that suffers a customer care issue with a brand, can see his level of influence multiplied in a topic related to his issue.

    • A person who is actively searching for the best tennis racket in the market, and posts a comparison of his findings in a forum, becomes an authority for a while. Once he’s made his purchase, he won’t maintain his comparison and his influence will diminish. As the web becomes a stream of content, the real-time dimension of influence becomes crucial.

  7. Stickiness of the message. Is the message memorable? The impact of a message will not only be linked to how many times it was displayed and how many people it reached. How effective is the message to trigger action? How effectively is it retained? If it is worth a remark, the same message will reappear in social media and influence new contexts. Sticky stories work in setting trends. Being able to identify them early gives you an edge.

Social Media is a powerful source of insight. For making business decisions in designing and measuring campaigns, in segmenting the market, or in customer care, you need a deeper understanding of influence in social media.

Have you asked yourself, what opportunities you are missing for not dealing with the true influencers to your brand? What advantage would your competitor get by mapping the top influencers in every context? Can you afford it?

 

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Are you doing what you love right now?

You do not need to be a millennial to ask yourself that question.
The digital revolution has brought an era where rules are changing and change is the rule.

Social Media gives a loud voice to independent artists, to social activists, to entrepreneurs. It is a Digital Renaissance.

Though it can be a long and tough way, it has never been easier to become an Indie artists or a social entrepreneur: musicians, authors, film-makers, graphic designers, app developers, DIY rocket scientists…

Millennials do not work just for money and status. They want to make a difference. They want to change the world for better.

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Why are Ad Rates still that high for Print Media?

chart-of-the-day-ad-rates

You cannot measure the real views,
You cannot measure or track the response from the viewer,
You cannot make it interactive,
You cannot personalize to a profile, not even to a microsegment,
You cannot do remarketing,
Yet… you, marketers, still pay more for Print Media Ads. Far more.*
Why?

The reason men oppose progress is not that they hate progress, but that they love inertia.
Elbert Hubbard (1856-1915)

Nowadays, would Wanamaker allow not to know which half of his ad money is wasted?**

* According to the chart from Business Insider the Cost-per-mille (CPM) of Newspaper ads is around 10 times the CPM of Desktop/iPad ads —and about 50 times the mobile CPM.
** “Half the money I spend on advertising is wasted; the trouble is I don’t know which half.”
John Wanamaker (1838-1922)

*** You can write the exact post for traditional TV ad rates Vs. Online Video ad rates.
Can any marketer explain why the insistence of making Wanamaker’s quote remain true 100 years after it was made?

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Do you ever wonder if it’s time to quit your job and start your own business?

digital_renaissance_kindlecover

So does the main character in this book.

Digital Renaissance is a story about a young engineer that finds his dream job in a startup accelerator in Shanghai. Soon he discovers he is working for the dark side. Things get worse when a colleague dies in strange circumstances.

It’s a story about being true to yourself and standing for your own beliefs.

Until March 20th, Digital Renaissance goes from $5.99 to $0.00. Don’t miss the chance to download it for free.

Enjoy reading!

You do NOT need a Kindle to read the book! You can still read it for free on any computer or tablet using Amazon’s free software available here: http://amzn.to/13aluuF

Why as a consumer you prefer OTT

DigitalConsumerSpending

Digital Consumer Spending for a cord-cutter.

I spend $40 a month on fixed broadband. That includes a bundle for voice minutes that you can’t opt out of.

On mobile I pay another $40 a month. You get a bundle of 500 minutes and mobile broadband for 500MB. I’d like to opt out voice, but I do not dare to because mobile networks coverage is far more reliable for voice than for data, and because of the cap in mobile data. That might change one day with LTE.

But I digress, let me go to he point. At $80 a month, you pay almost $1000 a year to a telco for connectivity —although that includes voice too.

How much do you pay for the services that connect you to friends, store your files, let you share your photos, videos, ideas? In other words, how much do you pay for Gmail, Dropbox, Google Drive, YouTube, Maps, iCloud, Whatsapp, Instagram, Skype, Twitter, Facebook and Linkedin? Most likely you pay zero, unless you are one of the few paying premium upgrades.

And the best part about all these Internet Services from the cloud, is that no matter what telco you choose to churn into, all those services follow you. Without any migration, without you noticing any impact.

Why would you want any of these services to be attached to a telco? Why would you want to hinder your bargaining power for the bulk of your digital expense, connectivity?

If your services are over-the-top (OTT), decoupled from any telco, you are free to bargain for a lower price for those $1000 a year you pay them. As a consumer, you prefer the telco to be a commodity. That gives you buying power.

Add to that a history of telcos abusing on roaming fees or with the expensive mobile data packages of early days. For many people, the perception is that telcos charge you for what Internet players give you for free. Leave aside that Internet startups have beaten corporate R&D departments on innovation, seen from the consumer angle.

Consumers see OTTs as a way to counter balance the historical telco power. Same goes for Cable.

This is bad news for telcos, in the long run. As of today, telcos still grab the biggest piece of consumer spending in Digital. The problem in the long run is that as connectivity gets commoditized, all the new services with their promising revenue will be OTT.  For a telco there are two options, either playing the OTT game too, or prepare to run the business as a pure utility.

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Clouds and Pipes

Telefónica Distrito C Madrid España - Spain

Telefónica – Spain (Photo credit: Wikipedia)

Clouds and Pipes. That’s what telecom has become. Services go over-the-top (OTT) and telcos provide connectivity. Telcos have fought a battle for more than a decade to retain Services and they lost. Only Voice and IPTV represent significant business other than connectivity.

Not even the assets they had at the time of the first cloud and pipes post are an advantage anymore:

  • Telcos do not have a billing relationship any better than iTunes/App Store, Google Play, Skype and many other OTT.
  • Telcos brand is perceived by consumers as ‘you-pay-for-all’ vs Internet freemium everywhere.
  • The only reason voice is still with telcos is because of clever bundles of minute plans. And IPTV in most markets resulted in a must-have bundle just to sell broadband.

Telefonica does well to try and play the OTT game too with a separate entity, Telefonica Digital. It’s the only chance to be anything other than a pipe.

As per RCS, forget about it. This was invented when Nokia ruled. In a post-iPhone world with Facebook and Twitter native support, what does RCS has to offer to a user?

Update: Check out Telefonica Digital Tu Go. That’s a good example of making OTT work for a carrier.
This app enables you to have OTT voice with your phone number when on Wifi. That is a far simpler and lower cost approach to poor 3G coverage indoor than deploying femto-cells.

Coming soon:
Clouds and Pipes: The End of Telecom as we knew it.
You can get an early copy of the book and contribute with comments by subscribing to the blog by email.

 

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Marketers, do you really consider iPads as mobile?

percentage-of-retail-e-commerce-dollars-spent-via-mobile-devices
You will find more statistics at Statista

Prediction is hard, specially when it’s about the future.

The chart shows the incredible growth of mobile commerce. Excited? Well, not so much. It’s all driven by the iPad. When ten years ago many analyst predicted that mobile-commerce would be the future, few actually meant tablets to be part of the story?

One thing is that Steve Job presented the iPad and the Macbook Air as mobile devices. Another thing is that for digital marketing purposes, analyst consider it so.

Despite sharing the same OS as the iPhone, the use of an iPad is actually closer to a laptop than to a smartphone. I often buy from Amazon using my iPad instead of my laptop, even when at home. Same for online banking. In both cases, I use the original website, not the mobile one. When I am on the go, the iPhone is always with me, but not the iPad. When I am sitting in a Starbucks I may take an iPad, but still, it replaces the laptop rather than the mobile phone.

Categorizing the iPad as mobile is misleading. The use of a tablet differs from. If you are making decisions on your ad budget based on an analyst that categorizes iPad as mobile, think twice.

That said, technology-wise it has a big implication. Kill your Adobe Flash site if you haven’t yet. Just bet on HTML5 for all versions of your site, mobile, tablet, laptop-desktop or TV.

mobilecontentmarketing

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