Marketing Week Greece

A THOUSAND TRUE FANS as derived VIA KEY INFLUENCERS: A POSSIBILE PROCESS FOR DISCOVERING YOUR PERFECT AUDIENCE

Discussing A Thousand True Fans with Eleftherios Hatziioannou in Athens, Greece. May 25, 2011.

A Thousand True Fans essay by Kevin Kelly:
http://www.kk.org/thetechnium/archives/2008/03/1000_true_fans.php

First, organize 1,000 by Seth Godin: http://sethgodin.typepad.com/seths_blog/2009/12/first-organize-1000.html

A DEFINITION:
“A True Fan is defined as someone who will purchase anything and everything you produce. They will drive 200 miles to see you sing. They will buy the super deluxe re-issued hi-res box set of your stuff even though they have the low-res version. They have a Google Alert set for your name. They bookmark the eBay page where your out-of-print editions show up. They come to your openings. They have you sign their copies. They buy the t-shirt, and the mug, and the hat. They can’t wait till you issue your next work. They are true fans.” ~Kevin Kelly, The Technium

…………………

“In the entertainment area, there are members of the hardcore fan base.
The equivalent of the guys who will camp outside of an Apple store to get the new iPhone.

On the innovation curve, these are the fanatics.
The more interesting group is the one immediately to the right of the fanatics.
The ones who move you across the chasm and into the mainstream world of the “early majority”

These are the ones who need to be identified.
Because these are the real influencers.

Fanatics are important in the entertainment world.
Is this equally so for other industries?

The fanatics are important …. but the “visionaries” are crucial.” ~Peter Economides, FelixBNI

…………………

“For example, let’s say you launch a Facebook campaign to get 1,000 “likes” for your brand page. You make your goal of 1,000, but what’s to say those people will attend your event or even visit the page at a later date? You have to offer them something of value in order to create a social consumer. That social consumer might then provide feedback on the event and even influence peers to attend. Figure out what your audience wants, and give it to them — over and over. You have to give them a reason to both connect and come back.” ~Brian Solis, Altimeter Group

……………………….

How does influence translate into dollars:
http://www.youtube.com/watch?v=ztUOVVZAxvU

……………………….

A PROCESS: A THOUSAND TRUE FANS as derived VIA KEY INFLUENCERS

1. TWITTER SET-UP AND BRANDING: Set up a non-branded Twitter account for market research purposes related to specific customers (ie. – Tourism, Hotel, Restaurants, Art, Fashion). Value: This will be our “window” into the Interest Graph.

2. KEY INFLUENCER IDENTIFICATION & FOLLOW: Identify 1000 Key Influencers using Listorious (http://www.listorious.com) AND Research.ly (http://research.ly). Follow these 1000 influencers in the non-branded Twitter account. Value: Know the Social Influencers related to your vertical market, customers and competitors. Connect to them for realization of sales goals, event opportunities and growing awareness in regions/communities you may not have penetrated. Grow the network around the customer for the purposes of connection, sales and marketing.

3. CSV FROM TWITTER (with 3rd Party Tool): Download a CSV from Twitter (with a 3rd Party Twitter Export tool like Export.ly – http://export.ly).

4. CSV TO FLIPTOP (or other tool): Upload CSV of Twitter account to Fliptop or another tool to discover influencers’ locations ACROSS The World Wide Mind (http://www.theworldwidemind.com). Value: (a) I get to see where my influencers are in other social properties AND (b) I get to hear and see what they are messaging about.

Discussing The World Wide Mind with Eleftherios Hatziioannou in Athens, Greece. May 25, 2011.

5. FOLLOW THE INFLUENCERS IN FACEBOOK, LINKEDIN AND OTHER SOCIAL PROPERTIES: We will translate our findings into actual friends in the social networks and begin the process of connecting with these friends. Value: Influential friends in the Social Graph that we have discovered via the Interest Graph.

6. TWEET CREATION/COPYWRITING: Turn entire corporate site, blogposts and other collateral into tweets. The goal here is to get around 150 tweets for scheduled posting. Also, derive and mash-up content BASED UPON current and trending conversations WITHIN The World Wide Mind. Value: Influencers who follow you will become aware of what you offer and interact with you on this. Note: for a non-branded research account, we can copy-write industry and niche-related tweets.

7. TWEET SCHEDULING: Schedule these tweets in Social Oomph – (http://www.socialoomph.com). Value: This will be pre-scheduled so you do not have to keep tweeting (the tweeting will be automatic).

8. KEY INFLUENCER CONTENT SUMMATION: Summarize what the 30-50 top influencers are saying in the Twitter accounts. This would be “culled” from their latest 100 tweets. Value: This is a very powerful option, that will give branding teams insight into what top influencers are talking about.

9. KEY INFLUENCER ENGAGEMENT: Engage and nurture relationship with Key Influencers. Results sought: (a) Getting the Key Influencer to follow you back (b) Getting the Key Influencer to re-tweet, share or post a message originating from you (c) forming a business partnership with the Key Influencer for mutual benefit and the benefit of the customer (customer-centric business).

RESOURCES:

THE WORLD WIDE MIND: http://www.theworldwidemind.com

A THOUSAND TRUE FANS: http://www.a-thousand-true-fans.com

THE LONG TAIL DEBATE: Long Tail Debate: http://bit.ly/long_tail_debate + Long Tail Keywords http://bit.ly/long_tail_keywords

Reflections on The Dachis Group/SOMESSO Social Business Summit

Reflections on The Dachis Group/SOMESSO Social Business Summit by Nathaniel Hansen

(Held on March 18, 2010 at Limkokwing University in the Mayfair District, London, UK)

Published originally on May 17, 2010 in Marketing Week, Greece’s leading marketing publication. www.marketingweek.gr

On March 18, 2010, I was the sole representative of Greece in the External Customer Facing Social Solutions case study group at the SOMESSO Social Business Summit in London. The summit was a invitation-only event for leaders in social business theory, solutions and practice. I was invited due to the pioneering work I have been involved in within Athens, a true blue-ocean environment for social business integration. At the summit, our joint project in the External Group centered around providing a solution for a large bank. After the session, I had many confirmations of what businesses need as they enter the social fabric of the internet.

OVERARCHING THEMES:

• Businesses need simple, efficient solutions, which tie internal, external and eco-system elements together.

• De-mystification of the social business process and education in the possibilities.

• Our businesses must be customer-centric vs. brand or product-centric.

EXTERNAL FACING SOCIAL SOLUTIONS:

MARKETING: Creation of simple, effective and proven strategies for social media marketing success. A blended approach with traditional media is advised. Marketing projects must always begin with a Digital Brand Assessment, where intelligence about where the brand is currently functions as a baseline for achieving gains in social equity and understanding of the CLV (customer lifetime value).

Marketing Departments and advertising organizations MUST understand the importance of getting their customers and audiences involved in the co-creation of their offerings.

PR: Training of existing PR staff in simple monitoring software and remedial techniques for reputation management.

INTERNAL BUSINESS PROCESS SOCIAL SOLUTIONS:

HR: Training of HR Director on what to look for in an adept Community Manager, Online Brand Ambassador, and Chief Customer Officer. Training of existing staff in social networking best practices while at work and out of the office, instituting company-wide rewards for employees who act as brand ambassadors.

In the social oriented business, the CCO plays a central role in communicating to brand managers what the customer wants.

sCRM: Training of COO and Executive staff through one-day seminars on how to use their existing databases for quickly building their social equity (eg.- followers and fans in specific social properties + what serves this community).

In the coming 12-24 months, Greece and the Balkans will see a deepening involvement in social business due to an overwhelming migration of audiences from traditional gathering points. Studying best-practices and successful case studies from mature social markets will be an essential action toward creative solutions geared toward Greek and Balkan audiences.