Marketing Metrics 9: Micro blogging

One of the liveliest and often most polarising marketing debates centres around the relevance of Twitter for marketers. Like most social media tools, Twitter was establishing as a personal networking tool, but brands are trying to use the platform to understand and engage with customers.

What is true about Twitter is its addictiveness. If you adopt a ‘have a go’ approach, expect to spend a huge amount of time but probably garner precious little return – either in investment or involvement terms.

For fairly obvious reasons (and like other marketing tools) use it strategically and to add value or inform your understanding of your target audiences. Sounds complicated and overly dramatic but if you fancy getting your tweet on, consider the following:

1. Personal v business

People still predominantly engage with people. Corporate brands don’t tend to do terribly well on Twitter (though there are frequently cited examples of retail and customer service from Dell_Outlet and Zappos). Corporate accounts can be used to source and find information and insight but arguably little engagement. In my view, unless you already have brand magnetism (like a magazine, website, news resource or consumer brand) it is best to set up a Twitter account with an actual personal identity. It gives people something to engage with. A corporate account will inevitably follow a broadcast rather than an engagement model.

2. Selling v engaging

Businesses have to sell to make money. So be clear – decide if you are selling, if so what, and if so what is the value proposition for Twitter followers. Don’t build an audience following interesting tweets, quotes, comments and insights and then when you have them, hit them with sales collateral. Why? They’ll drop you. If you are going to sell, build in pricing related to time sensitivity – like early bird course bookings which work well in the event sector. Accept that your attempts to build an audience will be more difficult, but you will at least have an interested niche audience.

3. Follows v followers

Conventional Twitter wisdom suggests that if you follow 100 people, 50 may follow you back. This is often how businesses get started. By association. So use Twitter search or look up lists that other people create (@MarketingB2B is one of my personal favourites). You might blast follow lots of like-minded accounts and hope they follow back. Or simply follow those you like the look of. Over time you can use tools like Twinfluence to remove those who aren’t following you – if you are Machiavellian in outlook.

4. To retweet or not to retweet

Depending on the content of your tweets, you’ll pick up followers regularly. Retweeting things you like is the best and fastest way to building a profile and developing influential contacts. You become an information resource to people who haven’t got the time to plough through it all themselves.

5. Metrics

Metrics relating to social media and Twitter specifically cover a broad range from insignificant to significant. My advice. Look beyond follows, retweets etc and consider your wider influence. Is activity on Twitter integrated with other platforms such as your blog, website or YouTube account? Can you see a tangible uplift in newsletter subscriptions, white paper downloads or incredulously, leads?

Monitoring tools like Klout (which has found its way into Hootsuite) exist to give a score based on activity around your profile. I view them with scorn as they are easy to manipulate. If you have way more followers than you are following, succeed in getting your tweets retweeted, receive lots of @ messages then you are likely to have a high influence score. I’ve seen people with 200 followers, sending 5,000 inane tweets have influence scores 50+/100. Is that influence? I’m not convinced.

Here is a metrics-cloud I created drawing on a number of resources, not least Jim Sterne’s excellent Social Media Metrics. Jim compiles a list of over 100 at the outset if you really want to get stuck into it. What it highlights to me is that there are so many ways of determining how investment of time in social media can be measured – and some of them are actually worthwhile!!

Summary

Twitter works for me. I’m in it for the long haul. At this stage I’m not really selling, I’m profile building. I integrate it with other sites for content and use it broadcast my blog and share those I respect from Google Reader feeds.

What has this taught me? A lesson about Twitter, wider marketing and life perhaps. Think through what you’re doing and ensure you are getting something out of it. And, if you are considering it for business, think even harder. Set objectives and a way of measuring the time spent – whilst return on investment might be difficult, return on involvement can certainly be achieved.

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One response to “Marketing Metrics 9: Micro blogging

  1. Pingback: Six ways to improve social media seminars for b2b | The Marketing Assassin

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