ROI is a good book…but Klout still sucks!

I put my formal review of ROI by Mark Schaefer on my innovation blog: www.servicecocreation.com. In summary:

However I was frustrated by the tone of ROI. As a longtime Klout-skeptic I feel that it reads like an authorized bio of Klout and Joe F. Yes, Joe sounds like a nice guy; yes the people at Klout are working hard to find the right algorithm; and yes, Klout is trying to be more transparent…but:

Thinking through the action plan of improving one’s Klout score from the principles Mark outlines in Chapter 10 of ROI, these seven steps should be effective:

  1. Post more often,
  2. Post on trending or popular topics,
  3. Post when your important followers are online,
  4. Follow people with high Klout scores,
  5. Don’t follow people with low Klout scores,
  6. Unfollow followers who have become inactive or have had their Klout score fall below a cutoff level,
  7. Do whatever you can to engage people with high Klout scores.

These are actionable steps…but will they ultimately make Twitter, FB, your blog, and social media in general better places? It think not – in fact I think transparency will make things worse as more and more people will follow the seven steps above. SM will become less and less social…

KLOUT STILL SUCKS.

In pre-ROI days, Mark had some tough comments about Klout and influence:

Also from me:
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Pinterest Infographic

The social media wizards at Modea have posted a cool Pinterest infographic on their website. You should check it out:

http://www.modea.com/blog/pinterest-infographic

Several people at Modea, including Aaron Herrington and Mike Cox, have been very supportive of the SMM class!

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Pinterest…or one way to learn something…

Everyone has heard the bromide that “those who can do, do; while those who can’t, teach.” A less well-known one is “one way to learn something is to teach it.”

Back in January in the second session of the SMM class I asked the students what social media sites they were active on. As expected EVERYONE was on Facebook, a few were on twitter (though most had tried it and given up: fodder for a future post!), MySpace, or others. Then one of the young women mentioned a site I had never heard of and I was surprised to see 7 or 8 others smile and say they spent a lot of time there. That was my intro to Pinterest. Continue reading

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SMM4Biz

I have started a second WordPress blog, http://smm4biz.com/2012/02/16/class-infomercial/ .

With teaching the new course in SMM I feel that I will have more ideas to share about SMM. I continue to believe that there is a great synergy between experiential innovation and social media, so there should be some overlap between the two blogs. PLEASE CHECK THE NEW BLOG OUT!

I posted a video that I showed my class to try to get them excited about being buried under 3 major projects…  http://wp.me/p1reuk-9

Consider subscribing to the new blog as well! – Gary

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Class infomercial!

With the help of talented grad student, @koehlerslagel this video was constructed to help motivate social media marketing students through three demanding projects!

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News coverage!

The campus news had a nice article on hands-on projects, including the social media marketing class effort to make “Voices: Words from Wise Women” by Dr. Kathryn Jordan into a bestseller!

http://www.radford.edu/content/RU-Today/home2181492224653.html

The Roanoke newspaper had earlier done and article on the class:

http://blogs.roanoke.com/ticker/2011/05/31/radford-professor-studies-social-media/

More about the book by Kathryn Jordan:

http://www.amazon.com/Voices-PhD-Kathy-L-Jordan/dp/0982812841/ref=sr_1_1?ie=UTF8&qid=1329329688&sr=8-1

It is a happening class!!!

 

 

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Top threats to the Internet and SM!

I believe that the two biggest threats to the wide open Web and social media as we know it are the potential dominance of:

  1. Facebook as a social media platform and
  2. Klout as an SM-rater.

Facebook is an evolving closed system that threatens to overtake the WWW as the world wide information space. Further evidence of this trend was the launching of the WSJ facebook site this week: WSJ Social, For a World Where Facebook Is the New Internet – Forbes http://onforb.es/rniic2 (thanks @laurelschirr)

The Klout threat is even more insidious as it can change the behavior of social media participants. As people seek higher Klout scores for K-rewards, status or even job screening tricks reminiscent of commercial website SEO will come to twitter, FB, etc. For example someone would likely increase a Klout score by:

  • More frequent postings,
  • Hot topics (“what if Justin #Bieber and Lady #Gaga hooked-up?”)
  • Following people with high scores, and
  • Only following back half of followers.

Does that sound like a social world? See this article, also from Forbes: How Do You Like Being Publicly Scored? http://onforb.es/phDoeX

Do you agree that these are THE two big threats?

[A couple earlier articles of mine on Klout: Why Klout is dangerous http://wp.me/pdSfz-dQ; Will Klout Kill Community? http://shar.es/HM1Sm ]

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Moving back to WordPress from tumblr

I decided I needed a new blog for my social media thoughts from teaching my new course, Social Media Marketing.

http://www.servicecocreation.com has been my primary blog for 3 years and I have written quite a bit about social media. There is a lot of overlap between SMM and innovation. But I thought it now made sense to separate the two topics.

I decided to start the new blog in tumblr, which has a cooler aura than WordPress — but I am back…

Changing platforms is painful – there must be some obvious advantages to motivate me to relearn everything. Tumblr is supposed to handle video more adeptly but I have posted video on my other blog. Why relearn everything???

How is Google+ dealing with this issue?

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Community-sourcing a new course!

When I first considered a new undergraduate social media marketing class I started with a few ideas and a half page outline. The outline in the previous post is the one I am now using in the course. It has benefited immensely from input from twitter, LinkedIn and blog friends.

Would I call the course “crowdsourced”?

Most of the help came from experts who consult to companies on social media marketing, have led seminars on SMM, have written books, or taught pieces of SMM in their university classes. (Although good suggestions came from students and others as well.)

So should I instead call it “lead user” innovation?

I think the process is best called “Community-sourcing.” I believe that this is a case study in why you should develop a focused twitter and blog following and community: the benefit from such a community is obvious at times like this but is also present day-to-day.

The incredible help I have received on my SMM course reminded me of an aha! moment after I moved to Hong Kong. When I was in Chicago I was good at generating trading ideas; after being in Hong Kong for a couple months it was getting harder. I at first blamed the long hours. Then I realized my infrastructure had changed: in Chicago I rode the morning train with an economist focused on fixed income and currency markets; when I got to the office I talked with the floor people before they headed to the bond pits and had pre-market calls with major institutional traders. The decline in ideas was not due to lost sleep, but my lost community

Why do people help?

Why did I receive such an outpouring of help and support from the online community? This is always an issue in crowdsourcing and lead-users as well -WHY DO PEOPLE HELP???

WHAT DO YOU THINK?

(The current full outline is in the following post)

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The imperfect Social Media Marketing course

When I was soliciting ideas for the new course I used the title “The Perfect Social Media Marketing course”. Now that we are a couple weeks into it, I already am thinking of changes for the fall, so the following is the detailed outline of my imperfect social media marketing course…

Social Media Marketing – Spring 2012

Objective – The objective of SMM class is for each student to understand and apply: the principles of social media marketing, the use of the key social media platforms by organizations, how SMM differs from standard marketing and internet marketing, key issues and changes in social media, and to demonstrate the capability to use social media to support the mission of a professional, business or non-profit organization.

Social Media Marketing is not Internet Marketing. In internet marketing promotional tools such as direct selling, coupons, advertisements are brought online and established success measures include SEO, click-throughs, etc. Social Media Marketing is really social networking online: reaching out and advancing real relationships with customers, prospects, and stakeholders. Promotional tools used in SMM can be jarring and counter-productive if not used carefully.

The “big four” SM platforms for professional SMM (per @michellegolden) are:

  1.  Facebook [And FB fan pages]
  2. Blogs
  3. Twitter
  4. YouTube
  5. And… LinkedIn for anyone interested in networking or B2B or professional advancement…

 Reading: This is a rapidly changing field with many questions and few answers. There is a lot of reading including books, blogs and articles.

Books: We will use 4 interesting business-oriented paperbacks.

  • Tao of Twitter by Mark Schaefer and
  • Crush It! by Gary Vaynerchuk

are easy reads and should be read quickly as they will be discussed in the first two weeks. These two books are key to project 1 – your passion. Mr. Schaefer will address our class via Skype in one of our first four class meetings.

  • Social Media Marketing: An Hour a Day (Dave Evans) and
  • The New Rules of Marketing and PR (David Meerman Scott)

are available in the bookstore or can be purchased through Amazon or a bookstore. I urge every student to get a copy of An Hour a Day; you can share the Scott book if you wish, but must keep up in reading.

Recommended books  include: Engage (Solis), Likeable Social Media (Kerpen), Social Media ROI (Blanchard)

Websites: I hope you follow many websites and blogs. These should definitely be included for this class:

Articles: As assigned by instructor

Class Projects: Projects are the focus of Social Media Marketing class. The instructor will post sheets with more detailed information about each project

  1. Personal Campaign – each student designs + executes a social media campaign for a personal “passion.”
  2. Turn an author into a best seller – each group will generate ideas and a SMM plan for a new book author.
  3. Organizational SMM – each group will generate ideas and an SMM plan for an organization.

Student Content: There is so much to understand and so much changing that no one person…but the each group will help with two videocasts for the entire class to view.

Student reports – each group will create a video-cast for the class on one of these topics:

  1.  Presenting pictures: Flickr and its competitors
  2. Blogging on WordPress, BogSpot or Tumblr; video-blogging
  3. SMM on singles sites: OKCupid, Casual Kiss, Plenty of Fish
  4. Google+, What’s happening, what’s coming…
  5. Promoting blog content: StumbleUpon, DIGG, Technorati, Delicious, etc. & Syndicating a blog – B2Community, Triberr, etc.
  6. Influence measures: PeerIndex, Tweet Grader, Klout, etc.
  7. Video – winning on YouTube, vimeo, blogs – merits of platforms and techniques
  8. Internal social media – Yammer, Ning, etc.
  9. SM ads (FB, Linkedin, etc.) and compare to Google Ads.
  10. Guerrilla marketing for small businesses with social media
  11. Forecasting with social media

Best practices – Contrasting a good and bad organizational social media effort – video-cast from each group.

Course Topics Outline

  1. Types of social media: blogs, microblogs, networking, media sharing, special interest
  2. The “Big Five” – Facebook (& Fan Page), Blog, Twitter, YouTube… and Linkedin
    1. Other SM platforms –Flickr, Google+, Tmblr, Digg, etc. Other important social media and benefits (presentations by students

    3.  Word of mouth marketing and theory
    4. Niche marketing: the long tail
    5. Engagement: Building a community
    6. Creating CONTENT

    1. Social issues in online communities

Organizational Application of social media

  1. Traditional vs. new media; organic vs. amplified word of mouth
    1. Networking – what it means and how it is done; Networking vs. Marketing: conflicts and synergy
  2. Brand narrative, storytelling, and brand community
  3. Innovation: Wikinomics, lead users, and crowdsourcing
    1. Co-creation and prosumers
    2. Netnography and SM customer research
    3. Forecasting with social media data
  4. SMM for intra-organizational communication & collaboration (& supply/distr chain)
  5. Mobile Marketing and location-based social media
  6. Successful and unsuccessful firm use of SMM
  7. Organizational Applications of SMM: Setting organizational goals and tracking them. Measures / metrics of influence –
    1. Google Analytics, Klout, etc. What do they measure? Do they really matter?
    2. ROI of social media efforts.
  8. Selling, service and social media – Leads, pipeline, customer service and CRM
  9. Developing an organizational social media plan – Integrated marketing, C-S, internal
    1. Integrated with organizational Marketing and Strategy

Workshops

  1. Engagement and creating content: Blogging and Micro-blogging
  2. Creating a great Fan Page
  3. Mobile marketing and Location-based SMM
  4. Determining ROI of social media
  5. Benefits of Social media clubs and groups
  6. Video-pods and presentations
  7. Using video
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