Tag: Social Media Revolution

The Social Network: Living Out Loud

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Elaine Gantz Wright is a speaker, writer, and social media strategist, helping neighborhood businesses expand word-mouth-marketing exponentially–driving referrals, repeat business,  and revenue.

I saw The Social Network this weekend.  The film was entertaining, but I think it lacked the depth and  gravitas I expected— especially given the enormous impact of Facebook, the social media phenomenon that  has quite literally changed the world.

Facebook is the decade’s  Zeitgeist— a global cultural phenomenon, affecting how people share information,  communicate, build relationships, promote  businesses, live their lives, and even think.  In fact, Facebook has become so intertwined with our psyches and daily habits that many people report checking their Facebook pages before brushing their teeth or drinking their first cups of coffee. It’s a social, cultural, and behavioral force – even more than a technological one.  As NYU new media professor Clay Shirky says, “Tools don’t get socially interesting until they get technologically boring.”

In the past six years, the world has learned to live out loud.

But still, I feel the producers of The Social Network did not truly comprehend the intellectual significance of their subject matter—the social media revolution, itself.  It’s more than the story of a business success and damaged relationships.  It seems the anachronistic storytelling medium of film was not equipped to peel the social media onion with much precision.  It captured the almost cliché concepts of narcissism and greed as they relate to success. What the film neglected was a deeper exploration a whole new way of interacting and being.

I think the essential irony of the film — social misfit Zuckerberg’s inventing a whole new way of socializing was far more compelling than a seemingly endless stream depositions and legal puffery. I would love to have seen his parents and understood more about his family dynamic and his childhood relationships.

I think his story is actually just scratching the surface.  There will be so much more to Mark’s tale–past and present.   The opening and closing scenes actually captured some of Zuckerberg’s pathos, but the rest of the film seemed pretty one-dimensional—simply documenting events and allegations.

At his very core, Mark wanted to be part of something, to belong – to be loved.

And isn’t that what we all want? Facebook fills a universal human need in an increasingly impersonal world.  It’s so fascinating that Mark Zuckerberg’s  naiveté and painful awkwardness gave birth to a communication revolution.

I would even venture to say we could take that twist even further. As I studied the characterization in the film, I could not help by think of  Asperger’s Syndrome, the autism-spectrum condition which causes difficulty processing information and relating to people. His  off-the-charts intellect, arrogance, laser focus on Facebook, and his debilitating social insecurity seemed textbook.   I have read that Albert Einstein and even Bill Gates have exhibited Asberger’s indicators. This just gives more credence to BubbleLife Media CEO Jeff Farris’ theory, “Nerds rule the world.” As Mark said of his creation, “We don’t know what it will be.”  Those words apply to Facebook , his personal journey, and the burgeoning social media landscape.

What did you think of the film? Of Zuckerberg? Social media?

The Price of Friendship?

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Elaine Gantz Wright writes about optimizing social media, life, and spirit. Reach her at elgantz()yahoo.com

“Each friend represents a world in us, a world possibly not born until they arrive.” ~Anäis Nin

Place on the Pyramid

When you Google “Facebook friend value,” the results are as myriad as searching for Obama. From .37, to $1, to more than $100. But really, what is the price of friendship, it’s true value— and what about it’s cost?

Clearly, we are still grappling with defining the intrinsic value of social media—trying to make a tangible assessment, a dry measurement, but it still eludes us. It’s “like trying to put spilled Jell-O back into a bowl with your bare hands,” as my dear friend Joe Teague used to say. The range of responses to the Facebook question embodies this challenge somehow, but I believe this conversation still misses the mark.

I loved what media guru (social and otherwise) Erik Qualman sought to qualify rather than quantify the role of social media in his live presentation to the Dallas Social Media Club last week. (#smcdallas) This is an interesting foil to his previous messaging. You’ve probably seen his seminal, statistics-sprinkled videos about social media. In socio-psychological terms, he posits that social media falls very near the base of Maslow’s famed “Hierarchy of Needs”—just above safety and security. According to Qualman, social media behavior fulfills our basic need for a sense of belonging and connection. Isn’t that priceless?

Still, his stats are staggering—here’s my top-ten list from the latest video:

1. Over 50% of the world’s population is under 30.
2. 96% of them have joined a social network.
3. Facebook now tops Google for weekly traffic in the U.S.
4. Facebook added over 200 million users in less than a year.
5. iPhone applications hit 1 billion in 9 months.
6. We don’t have a choice on whether we DO social media, the question is “How well we DO it.”
7. The fastest growing segment on Facebook is 55-65 year-old females
8. Generation Y and Z consider e-mail passé – some universities have stopped distributing e-mail accounts—
instead they are distributing: eReaders and iPads.
9. Social Media isn’t a fad, it’s a fundamental shift in the way we communicate
10. The ROI of social media is that your business will still exist in 5 years

So, one particular exploration of Facebook friend value caught my attention recently. Research firm Synapse has determined what the average Facebook friend/fan is worth — $136.38. They calculated this amount when they questioned 4,000 fans of 20 of the top brands on Facebook — including Nokia, BlackBerry, Victoria’s Secret, Adidas, Nike, Coca-Cola, Starbucks and McDonald’s — asking why they were fans of those companies or brands and about their past and future purchasing behavior. Other key findings include:

• On average, fans spend an extra $71.84 they would not otherwise spend on products they describe themselves as fans of,
compared to those who are not fans.
• Fans are 28 percent more likely than non-fans to continue using a specific brand.
• Fans are 41 percent more likely than non-fans to recommend a product they are a fan of to their friends.

You might be saying, “Hey, those companies are all retail, consumer-facing. What about B2B?” And you would be very astute. That’s true. It’s a little easier to connect revenue to engagement around sales of cell phones, underwear, tennis shoes, and food. But, the formula holds for other scenarios. My own experience with the REO Expo is a case in point. We managed to reach and even surpass our attendance goal of 1,500 earlier this month through a strategic, integrated cultivation of our target business audience, using Facebook, LinkedIn, Twitter, focused professional communities, and email marketing promotions.

To paraphrase Erik Qualman, change is the only thing that’s certain about today’s social media landscape. So, refresh, regroup, and eat your Wheaties.

In the meantime, how would you calculate the value of a friend?

Organizing Chaos in 2010

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Those who ponder the power and possibilities of social media—and its role in our organizations, lives, and culture are all positing predictions for 2010. But, at the end of the day, the big question on everyone’s lips seems to be, “What is the next big thing”? Will it be about catching the Google Wave, the open source document sharing platform—or will our growing mobile obsession drive the success of location-based applications like Foursquare and Brightkite?

Even the experts are unsure. However, I’m not sure forecasting the next Twitter is really the useful question—particularly for those us who focus on leveraging social media in a business context. Most thoughtful professionals I know—particularly in the educational advancement and alumni space—are looking for ways to harness the tools that are already in play more effectively and strategically. Approaching the social media landscape is a little like trying to take a drink from a fire hose—like organizing chaos. We all see the strength of the tools, but we wonder how it all fits and how it will make a difference in our organizations. With this concept as a backdrop, here is how I interpret my crystal ball:

1. Social Media Will Become Less Social.

First of all, I’d like to revisit the term “social media.” There is something about this nomenclature that sounds almost trivial or lacking in substance. I’d like to coin a new term – “engagement media.” It’s more active and deliberate. David Armano said on his Harvard Business School blog recently, “With groups, lists, and niche networks becoming more popular, networks could begin to feel more ‘exclusive.’ Not everyone can fit on someone’s newly created Twitter list and as networks begin to fill with noise, it’s likely that user behavior such as ‘hiding’ the hyperactive ‘updaters’ that appear in your Facebook news feed may become more common. Perhaps it’s not actually less social, but it might seem that way as we all come to terms with getting value out of our networks—while filtering out the clutter.” And I think David is spot on here. We will be looking for more sophisticated, relevant experiences—greater value and ROE, return on engagement.

2. More Enterprise Social Software Platforms Will Emerge.

As an extension of the above development, major software providers, such as IBM, SAP, and Oracle will continue to innovate and launch enterprise-grade social networking and Web 2.0 collaboration applications/suites. Already, Oracle has Beehive; Microsoft enhanced SharePoint with social media functionality, and IBM offers Lotus Connections. Targeted niche solutions will emerge to address industry and stakeholder-specific needs. Currently, many organizations are piecing together solutions with blogs on TypePad/WordPress—or investing significant amounts of time and money in developing in-house communities using tools such as Ruby on Rails.

3. Social Media (“Engagement Media”) Fundraising Will Become More Integrated.

Organizations of all sizes will see the value of fully integrated multi-channel strategies. Using social media channels alone for fundraising will not be as effective as designing coordinated campaigns and communication strategies that include traditional fundraising techniques. This includes email, your website, Google ads, face-to-face events, and managed promotion to the online and mainstream media. Beth Kanter confirms this predication and gives a great example. Just last week, GiveMN, a new online web site that hopes to encourage more Minnesotans to give and help create a stronger nonprofit community for Minnesota, raised over $14 million dollars in 24 hours using a multi-channel campaign.

4. Relevance and Ease Will Become Increasingly Important in Peer-to-Peer Fundraising.

There is no more compelling spokesperson for an organization or school than a passionate supporter. This is the core strength of peer-to-peer fundraising. And there are a range of scenarios—from a class agent soliciting annual fund gifts for his or her school, to a stakeholder requesting donations in lieu of birthday presents or wedding gifts for an organization. In fact, Facebook Causes now offers a birthday wish feature, and we will likely see more peer-to-peer fundraising applications sprouting up in the coming months. In 2010, I suspect donors will demand more meaningful interaction—not so much with organizations, but with recipients and “the mission on the ground.” Epic Change’s TweetsGiving 2009 connects friends around the world with Mama Lucy Kamptoni, who used income from selling chickens to build an innovative school in her village’s community in Tanzania. Last year, TweetsGiving, raised $11,000—with a goal of$100,000 this year.

5. Email as We Know it Will Become Passé.

As Erik Qualman says in his popular Social Media Revolution video, GEN X and Y already view email as passé. And the trend will accelerate—or rather, morph technologically. The New York Times iPhone application recently added functionality which allows a user to easily share an article across networks such as Facebook and Twitter. Many websites already support this functionality, but this next iteration of sharing behavior will gradually replace email list communications—particularly through the exponential expansion of mobile phone adoption. And this will provide renewed opportunities for withering content purveyors, such as traditional newspapers and network television. So, stay tuned. Fasten your seat belt.

It’s likely to be a wild ride! What are your prognostications?

What’s the Next Layer on the Stack?

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pancakesI was privileged to speak to a class at Southern Methodist University last week on social media for nonprofits. Nina Flournoy, the charming, accomplished corporate communications professor, was taking a very practical, professionally focused approach to the material. Clearly, the bright, enthusiastic students were hungry to comprehend the marketing power of social media.

They asked great questions – What makes something go viral for a business or nonprofit? How do I know what to post? When to post? How do I find my audience? Looking back on the day, my insights were many, but I was surprised to notice that though we may be asking similar questions, our points of view were remarkably different. Facebook, Twitter, and social media are as much a part of their daily lives as the telephone or the iPod. In fact, they live perpetually connected lives. Therefore, looking at these social media sites as marketing channels to be managed or positioned can feel incongruent. Social media is simply how they live, how they interact with the world and each other. It’s second nature—breathing, eating, sleeping—and tweeting! The reality is here:

As part of a slightly older generation of professionals, I am still experimenting with ways to integrate, coordinate, and differentiate somehow. But whether you are Generation X, Y or Z, I think these are questions we as marketers must address right now, in the moment. We are all trying to figure out how to weave social media tactics into the overall marketing mix—and manage them effectively. As we know, setting up a Facebook account or a Twitter profile is just the beginning—definitely not the whole story.

Content is king—but even more important is the conversation it triggers. Social media is less about information and more about participation. And geez, that is very hard to schedule! It is an activity, behavior, and process. Therefore, the question is—does the user experience have value? I think that’s where businesses and nonprofits are stymied. They look at social media and ask, “how is this relevant?”

And yet, that’s probably the flawed interpretation. Twitter, Facebook, and Linked In are really relevance-neutral. They are only as effective as their context. Sage North America recently released survey data that “88 percent of U.S. and Canadian nonprofits are using some form of social media, although less than half of this number have been using it for more than a year.” The surprising news is, “Of those who have not adopted a social media campaign, 45 percent indicated that it was because they were unsure of its relevance or advantages. Others said that they were unable to devote the time or resources.” The other hesitancy seems to be an uncertainty about integrating existing online transactions with social media environments. “91 percent of nonprofits said that they raise funds online, yet only 58 percent of these respondents said they use social media for fundraising.”

The challenge is to embrace the social media landscape in a valuable, productive way. That is, from a business perspective, we need to find a way to aggregate the vast, messy world of social media into a usable set of metrics, messages, behaviors, and/or outcomes. As I have written in earlier posts, it’s the new success measure—ROE, return on engagement.

At the end of the class, the SMU students asked me the question, “What’s next? What’s the next big thing?” What a fabulous and provocative question. There is some buzz about this among thought leaders. They suggest it is the question is really “What’s next on the stack?” We need to think about the media communication world as a stack or a progression. Many point to aggregation, dashboards for marketers, and consolidation tools. Chris Vary of Weber Shandwick and the Dallas Social Media Club says he suspects Twitter has probably peaked in terms of growth, so we should keep our eyes on the social media horizon. I have read there are 11,000 registered third party apps built on top of Twitter and probably more for Facebook; therefore, I’m thinking the cycle dictates some sort of consolidation or filtering.

Thinking back on my visit to SMU, where I earned an MBA and an MA, I am dizzied and overwhelmed by the acceleration of change. When I was sitting in those same chairs in the Hughes Trigg Building (well, maybe replaced since then) twenty-ahem years ago, I was thinking about taking my box of punch cards to the guy who worked on the other side of the little window in the mainframe building. No PCs. No Internet. No email, even. Still had the old Smith-Carona and Liquid Paper, for heaven’s sake! So hard to fathom.

gartner-social-software-hype-cycle-2009
Gartner Social Media Hype Cycle

And now, I can’t imagine a day without my iPhone and HootSuite. I guess I’m sort of a hybrid. As I wrapped up my remarks, I waxed a little nostalgic and encouraged the students to stay open, curious, and highly, highly adaptive.

The human condition is evolving at hyper-speed—intertwined with high-velocity technological innovation focused solely on expressive capability. As NYU professor Clay Shirky observes, “The moment we are living right now, this generation, represents the largest increase in expressive capability in human history.”

So consider this—social media as we know it right now will not be recognizable in 3-5 years. What do you think is next? Are you ready?

Elaine Gantz Wright writes about social media and other communications phenomena. Please post your comment below and join the conversation. elgantz@ yahoo.com