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SMWNYC: Day 2 Recap

Written by: Sarah Shapleigh
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“The New Millennial Model for Business: Under-30 Leaders Sound Off on This Generations Impact”

This session featured a panel of millennials from the Forbes 30 Under 30 list and was moderated by Randall Lane, the editor of Forbes Magazine. The panelists were Elise Andrew, the creator and editor of I Fucking Love Science, Jeremy Cabalona, a community manager at Vine, and Rachel Gogel, a Creative Director at The New York Times. Each of the panelists brought a different perspective because they each had a different path to lead them to the position they have today.

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It is predicted that by 2025, 75 percent of the global workforce will be comprised of millennials. As more and more millennials are becoming leaders, they are bringing tech-savvy ideas and changing the way business is done. Each panelist stressed the importance of technology in their personal and professional lives. Elise Andrew talked about how she created a Facebook Page so she could share articles and funny things she found on the Internet without clogging up her friends’ News Feed with science posts. Similarly, Rachel Gogel discussed how technology and social media are transforming businesses from fashion to publishing. Gogel has worked at companies such as Diane Von Furstenberg, Travel and Leisure, and GQ, and she now works at The New York Times. Her experience spans many industries but digital played a large role in each.

A common question in recent years has been “How do we manage millennials in the workplace?” With millennials making up such a large portion of the global workforce, people are now beginning to wonder about Gen X. Jeremy Cabalona stressed the importance of treating them like a peer because there is so much you can learn from them. He even said he has recommended hiring a 15-year-old consultant for Vine because they really have become the experts on that platform.

One of the most interesting responses from the panel came as a question from the audience. An attendee asked a classic interview question: “What is your five-year plan?” All three of the panelists had the same basic answer: A five-year plan doesn’t work anymore because the landscape is constantly changing. With the rise of social media and advances in technology there will be jobs in five years that don’t even exist today, so it is impossible to plan that far ahead in today’s world.

“Is Social Media Just Media? The Future of Paid, Earned and Content”

The second session I attended was with Matt Britton and Lisa Weinstein, and moderated by Mike Shields, senior editor of The Wall Street Journal. Matt Britton is the CEO and Founder of MRY, the creative agency that was one of the first social media marketing stewards. Lisa Weinstein is the President of Global Digital, Data, and Analytics at Starcom MediaVest Group, the largest media shop in the world.

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Weinstein and Britton discussed how social media marketing is currently at a crossroads because Facebook has stressed that brands will have to pay to get visibility for any of their posts, and most social platforms have rolled out “promoted post” ad models. This shift causes brands to have to pay to play in social. In addition, both Weinstein and Britton agreed that there really isn’t such thing as a USP anymore. All brands claim their product works and is the best – so nothing is unique. This is where content comes in. Creative briefs need to shift from focusing on a USP to focusing on content and the unmet needs of the consumer. Brands will have to be more selective in the content they produce – as Britton said, “The days of ‘Like this if you like Wednesdays!’ are gone.” If a brand can deliver on that unmet need and provide compelling content, then they will be successful.

Matt Britton brought up dark social and his views on whether social networks such as Whisper, Snapchat, and Yik Yak were a good solution for combatting the zero organic reach on Facebook. He argued that brands don’t really have a role on these platforms and that consumers don’t want brands to be there. On Snapchat for example, brands think they have a role in branded stories and events, but consumers may not. Similarly, Discover on Snapchat is not set up for success. Facebook and Twitter naturally integrate sponsored content into the overall user experience, but for Snapchat it is on a completely separate page. Many teens and other users are using the app daily but not even going to the Discover page because it is not an integral part of the user experience for the platform. Weinstein added that from an ad model perspective she loved it, but from a consumer perspective Snapchat hasn’t fully figured it out yet.

Britton and Weinstein also brought up an interesting point – “brands are people, people are brands” and that most times brands don’t influence audiences, people do. This is evident in Marc Cuban having more followers than the Dallas Mavericks or Bill Gates having more followers than Microsoft.

Overall, it was a very interesting discussion about the challenges that marketers face in getting their message across to consumers. In an increasingly crowded space, brands need to act as publishers and develop focused content that meets the unmet needs of their consumers, with an emphasis on quality content over quantity.

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“Networks of Influence: Hosted by Translation, Elite Daily, and Crimson Hexagon.”

My final session of the day was my favorite session of the week. It included a presentation by Marcus Collins, Head of Social Engagement at Translation, with an overview of a social analytics tool by Mitch Brooks, a Senior Research Strategist at Crimson Hexagon. The session ended with a Q&A with David Arabov, Co-founder and CEO of Elite Daily.

First, Collins shared a presentation on networks of influence and how important they are for marketers today. He defined networks as groups of people that exchange information, experiences, data, and knowledge. Networks have shared beliefs, unwritten rules, rituals, and social rules. Essentially, our networks significantly impact our behavior. Collins explained that our brains are wired to imitate people and we are most likely to imitate people that are like us.

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The rise of the connected class and the social web have made it theoretically easier to reach target audiences but more difficult to forge authentic connections with consumers. Traditional methods of demographic-segmentation will no longer work, because demographics fail to fully describe people. For example, a person who lives in a certain area or falls into a particular age range does not tell you much about their interests or behaviors. Marketing to the connected class will require a deeper understanding of human behavior and to see consumers as complete human beings. This can be done through leveraging networks of influence.

As marketers, we need to understand that we are in the business of behavior adoption. Broad demographic information does not help us anymore, so “target audiences” are useless. Instead, we need to be focusing on target networks, which have social norms and can influence the rest of the people within that network. This will completely change the dynamic of how we target consumers, and if done correctly can help us reach consumers more effectively in order to impact their behavior.

SMWNYC: Day 1 Recap

Written by: Sarah Shapleigh
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Last week I had the privilege of attending the Social Media Week conference in New York City. It was overwhelming and enlightening at the same time, and I walked away so energized and excited about the career path that I have chosen.

“Measuring Attention and Intention, with The New York Times.”

In my first session, Michael Zimbalist, SVP Ad Products and R&D at The New York Times, discussed the evolution of digital advertising. Previously, advertising promised intention – a user action (usually a click) is a proxy for intent to purchase. Google developed AdWords, which allows you to target users based on their intentions.

Now, with the rise of video advertising and social media, digital advertising has shifted. Essentially, it has become a method to capture people’s attention. This migration from the bottom of the purchase funnel to the top has completely changed the game for digital advertising. Marketers now need to shift their focus to storytelling, leverage social marketing, and use different measures of success. Overall, Zimbalist argued that attention is a deliverable in its own right and that marketers who use content to win consumer’s attention will have a distinct advantage when the time comes for those consumers to take action.

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“From Fans to Advocates: How to Build Community and Grow #BrandLove”

The second session I attended was presented by HootSuite. HootSuite’s Jeanette Gibson, VP Community & Customer Experience, and Dr. William Ward, Director of Education Strategy, shared best practices and real-world examples of how a strong community of fans and followers can be a powerful tool in activating others to get involved and fall in love with your brand.

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Gibson started her presentation by sharing some statistics, including:

  • It costs 80% less to retain a customer than to acquire a new one
  • 25% increased engagement on community sites can result in 25% increase in revenue
  • 92% of companies view customer service as one of their top priorities
  • 60% use customer service as a competitive differentiator
  • Yet, few companies deliver an outstanding experience

In order to grow brand love, brands must leverage stories, experiences, and momentum in order to inspire fans by curating experiences and stories that surprise and delight.

Gibson then went on to break down the steps necessary to seed brand love: Relationships, Add Value, Engage Employees, Advocacy, and Insights.

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Gibson and her colleague, Dr. Ward, discussed the HootSuite Ambassador Program and how it has been helping drive their business. The HootSuite Ambassadors have the opportunity to connect with other likeminded industry leaders as well as advocate HootSuite’s products/services, share HootSuite content to their networks, provide regional insight and feedback, and create a stronger regional presence for HootSuite both online and offline. Ambassadors also strengthen the support community by providing 1:1 support in online forums and chats.

HootSuite often gamifies the experience for their ambassadors. One way they did this was by initiating a 60-day race to see which ambassador could answer the most support questions in exchange for an incentive (the most requested was a LinkedIn recommendation).

The HootSuite ambassador program is one way that HootSuite is using their existing community to spread the word and grow brand love.

“The New DIY – Drones, Makers, and Bots: A Fireside Chat with Martha Stewart and CEO of The Barbarian Group, Sophie Kelly.”

I was extremely excited to attend my last session of Day 1 – and see Martha Stewart in person. I was also interested in learning about the evolution of the DIY industry. Pinterest and Etsy have made incredible technological advances that have impacted DIY and spurred what has become known as the Maker Movement. Referred to by Fast Company as “one of the most disruptive new trends in the entire economy,” the Maker Movement has created a collaborative world where makers can access technologies to prototype, create, and iterate faster than ever before.

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Martha Stewart talked about her love of technology and how it has impacted both herself personally and her business. She emphasized, “we have to evolve as quickly as technology is evolving around us.” Her passion for technology has never wavered, from buying her first IBM computer in 1982 (with a table attached to it) to playing with her personal drone collection on her farm with her grandchildren.

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Stewart shows image of her farm taken by one of her drones

Stewart talked passionately about her American Made initiative, which spotlights the next generation of great American makers, including entrepreneurs, artisans, and small business owners. As part of the American Made initiative, there is an annual contest that invites makers from around the country to submit a homemade item that falls into one of four categories: crafts, design, food, and style. The executive editorial team at Martha Stewart Living magazine serves as category judges and Martha Stewart serves as the head judge with final say. Stewart’s American Made program drives home her view that DIY can be a painter with a paintbrush or someone with metal in their garage or a photographer with their iPhone. Stewart was clearly passionate about this program and the community of makers around the country.

When asked one thing that people don’t know about her, Stewart replied that she was one of the first investors in Google. She also invested in a home grocer company that she described as a “total flop.” However, it looks like Martha Stewart ended up just fine.

Stewart looks forward to what’s next for the Maker Movement for her brand. Her immediate plans revolve around international expansion of the Martha Stewart brand. She recently visited China, because the middle class is “100 million and growing and they need stuff, and to be able to afford it.” Providing quality products at a price they can afford will take the Martha Stewart brand to the next level.

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MakerBot 3D printer and Martha Stewart products on display

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Martha Stewart products on display

The session ended with a drone jousting tournament between Stewart and Sophie Kelly, CEO of the Barbarian Group and moderator of the session. After a valiant effort by Kelly, Stewart came out on top. As Kelly put it, “Of course you won, you’re Martha Stewart!”

See video below:

 

 

SMWNYC 2015: “The Evolution of Social TV”

Written by: Rita Mogilanski
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SMWNYI attended Social Media Week in NYC last week and was impressed by the massive turnout. Each year, more and more people attend this conference as more agencies, platforms, products and brands try to keep up with the ever-changing space. One particularly noteworthy session (besides the fireside chat with social media celebrity Pete Cashmore) highlighted the evolution of social TV and featured panelists representing research and analytics agencies, as well as major television networks.

3 key takeaways from the session:

  1. “Social” and “TV” should not be considered two separate entities.

Television has always been naturally social. It has consistently been the main topic of conversation around the “watercooler,” even as the watercooler moved from the office to the Internet. Advertisers and content creators should not split “social” and “TV” from each other. Social TV as a concept revolves around making TV content appropriate for social platforms or including elements that encourage social conversation. Realistically, all content should be driving conversation and connecting fans with each other and with the cast members. Compelling TV content should be everywhere, influencing conversations in real time from the TV screen or from the second screen.

  1. Analytics and measurement tools need to adjust how they are assessing viewer data.

Qualitative measurements are becoming more important than quantitative measurements. The sheer number of people who are talking about your show in real time on social is not as important as the sentiment of the conversation and figuring out the emotional connection fans have. Did the majority of fans enjoy the episode? Will they return for the next episode?

The future of social TV measurement tools is moving toward a standard to assess all the different social platforms. Twitter is currently the main platform where real time marketing is being measured, but moving forward there will need to be a metric that takes all platforms and quality of social conversation into consideration to provide one standard of measurement. Additionally, with the new TV viewing habits of binge watching on weekends and watching TV online, networks may have to change how they look at each viewer. Traditionally, networks valued live viewership, but the viewer who watches five episodes in a row on a Sunday may be more valuable than one user who watched the show live.

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  1. Leveraging talent is the best way to reach fans.

Celebrities are naturally influential and can reach millions of users with just one click of the “retweet” button. Booking talent specifically for episodes paves the way for organic participation, as talent will want to encourage users to watch them on the show. Giving talent on a show a guide to how they can promote themselves on social, as well as plenty of content to promote on their channels, will help drive natural conversation.

Social TV is moving so fast that networks are scrambling to keep up. The traditional way of measuring viewership is slowly evolving. Those of us looking at social data to inform content need to keep sentiment in mind over volume, and look for ways to seamlessly integrate social to drive natural conversation.

List of panelists: http://socialmediaweek.org/newyork/events/evolution-social-tv/

SMWNYC 2015: “The Future of Social Data”

Written by: Hannah Redmond
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One of my favorite parts of working in social media is identifying insights via social listening data to help our clients drive real business decisions that will help propel their brands toward their goals.

Last week, I attended a session called “Using Social Listening in Business” at Social Media Week NYC, hosted by the CMO of Brandwatch, Will McInnes. He made some solid predictions as he discussed the future of social data, which I found to be both very interesting and also parallel to the way we’re thinking about data within our agency. It was a great session to sit in as we’re constantly looking for ways to optimize our social listening strategies and tactics for our clients.

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McInnes summed up the future of social data into four categories:

  • Predictive: We are getting closer to predicting what will happen to consumer behavior, business, or to content based on the data from the past. How will we get even better at it?
  • Blended: How can we better blend multiple sources of data and research from a business and various sources to help get us closer to real predictions and successes?
  • Physical: How do we get all of the amazing data we’re finding in the social space to the front lines of a business?
  • Visual: How can we better and more accurately measure visual user content that may not have keyword branding and is harder to track?

The two ideas I found the most interesting were “Blended” and “Physical.”

The “Blended “ idea makes a lot of sense. As social media becomes more understood in organizations, it becomes an integral part in key brand activations and campaigns. This is resulting in a spike in curiosity about measurement within these organizations, whose marketers are now asking questions about the data and how we can use it more than ever before. The social listening and measurement tools we now have access to provide us with amazing data that can help guide business decisions on their own – but layer that onto sales data, CRM systems, web site and behavioral analytics, search trends, seasonality, and you have a much better picture of the insights. The reality is, this type of collaboration will take buy-in from a variety of stakeholders in an organization, but the ones who do it first will have an edge on the rest.

The “Physical” point also really struck me. As social media strategists, we often are not in the picture when insights found in social data are filtered back out to the physical space (if they are at all). We may help shape recommendations and decks – but they usually are specific to content. McInnes makes the point that the future of social data will include much more than strategic content marketing recommendations based on social, which can create changes in the physical way a business is run, by effecting change in-store, on packaging, in sales messaging, and more.

Overall, a key thing to think about here is expanding social insights and learnings beyond just the digital space.