Another approach to know who gets attention on Twitter

Last week I asked if Klout is a good way to measure a person’s influence online. Not really.

Well I just found another approach that seems a lot more interesting using you number of followers and the number of lists you are a part of.

Here’s how it works:

To calculate LFR quickly, add a zero (0) to the Listed number and then divide that by the number of Followers, i.e. I have 4088 followers and appear on 483 Lists, my LFR is 4830/4088 = 1.18. A number > 1.00 means people are paying attention to you, a score approaching 2.00 means you have the focused attention of many!

For practical purposes, I actually think this is quite useful because a good sign of a person’s influence is the number of lists he/she is a part of. It’s easier to manipulate your number of followers, but not the number of lists you are a part of.

If someone added you to a list, it means that person is using you as a filter and wants to keep an eye on you. While some will say that retweets are a better sign of online influence, it’s a lot more difficult to measure because getting retweeted depends on a lot of factors.

This approach is certainly more practical and intuitive than all the measurement metrics Klout uses. What do you think of this approach?

 

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One clear warning signal that your business is not ready for social media

What is it?

If you don’t have a culture where it’s normal to openly share information with each other, you are not ready for social media. If sales is not sharing information with the marketing department and marketing is not sharing information with everybody else, you are not ready for social media.

It’s seems old to be talking about this when social media is mainstream but there are many businesses, including big ones, who have yet to acknowledge and embrace openness.

In fact, A recent Harvard Business Review reports that most companies are still clueless about social media:

Although 79% of the 2,100 companies surveyed are either using or planning to use social media channels, a measly 12% of those firms feel that they are using them effectively.

Why is this?

Because most companies are still stuck in the old model of ‘broadcasting’ their message, and are finding out that customers on social media channels are put off by this type of behavior. They’re not responding.

The best users understand that social media is a conversation, not a monologue. This same behavior should exist within your organization. Clear lines of communication should exist across functions and people should be able to communicate with anybody just like on the web.

Having a culture of openness is not a matter of want, it’s a matter of need.

 

 

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Is Klout a good way to measure online influence?

One thing marketers yearn for is to the find the all elusive influencer or influencers who can help them spread the word about a new product or service. And now, with social networking tools giving us instant access to an almost infinite amount of people, finding these influencers becomes easier.

In theory.

Here’s the problem: measuring online influence is a hard problem to solve. There are many factors that contribute to measure a person’s influence. Another reason why it’s hard is because online influence, just like Google rankings, can be easily gamed.

There are quite a number of companies who are trying to crack this problem. One of them is Klout, who has been making major inroads into the emerging social media measurement business. And, social monitoring and analytics tools like Radian6 are using Klout’s data to find those online influencers.

Simply understanding how Klout works, a clever person can systematically do things to influence his/her Klout score to appear influential and then use that as a reference.

With that said, it doesn’t answer the question of this post: Is Klout a good way to measure online influence?

Collin Kromke says it’s total BS. Why?

Because one’s influence isn’t temporary.

I agree. A person’s influence shouldn’t go up or down if you stop ‘socializing online’. These scores make it look as if we were playing a game to see who interacts the most to get that influence score up.

But at this point it’s all experimental because, as stated above, it’s a daunting task to measure one’s online influence.

What do you think, is there a better way to measure online influence?

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The smart way to stand out among the social media noise

The same set of problems that plague a brand from getting noticed offline are the same in the digital world. The only difference is that in the digital world, you can get easily lost or you can get easily found. It can go to extremes.

Your other problem: social media is now mainstream. Everybody’s is in the game, and if they aren’t, they can do so at any moment.

Here’s an actual scenario for you:

Let’s suppose you help people get out of credit card debt. Do a search on Google for credit card debt relief and you’ll find millions of results. Now go to Twitter and do the same. What do you see?

A lot of people talking about credit card debt and tons of others that supposedly help you get out of debt. What else do you see? A lot of people who’s Twitter handles could have been written by a kid, accounts that have no pictures and vague descriptions. And, accounts that promote links to websites that look like they are going to rip you off among other things.

I’m not perceiving a lot of trust there. So if you plan on standing out, you better not act and look like them.

Conclusion: You have a lot of work to do.

Your problem then is how do you stand out in the sea of sameness and become a credible source.

Here’s what I recommend:

Do the opposite

Sounds obvious but really do your homework. If you’re flying below the radar and feel you have something important/different to say, consider developing content that addresses your prospects needs. In other words, you need to develop a content marketing strategy. We’ve talked about reputation management before and a content strategy addresses your credibility online.

Also, for dear God put a picture of yourself on your Twitter account. Or at least a respectable looking logo of your company. First appearances matter online as much as they do offline.

Find out what’s not being said and focus on that

Doing the opposite doesn’t stop there. Also look at how all these copycats behave online. Look at how their websites look, what they post on their Twitter and Facebook Fan pages, what words are they using in their content. When everyone is copy and pasting financial content from the Wall Street Journal to their Twitter and Facebook accounts, do you honestly think that’s going to help you stand out from the rest of the pack?

Copy and pasting the same stuff creates more noise for prospects, more confusion. They’re more likely to block you out if they perceive you as just another Twitter account.

Don’t copy, be copied

It goes back to my last point. As part of your content marketing strategy you can simply start by setting up a blog on your website and create 10 to 15 articles that address people’s needs. This sounds easy because you can just go a copy the guy with the highest search ranking on Google and, voila right?

Wrong.

You need to create your own content, with your own voice. Your own angle on things. One of the best articles I’ve read on how to put yourself in this mindset is CopyBlogger’s 21 rock solid principles on ‘How to be interesting‘. Read it. And then read it again. And when you’re done writing ask yourself:

Is this buzz worthy?

Closing thoughts…

Simply posting status updates and retweeting the same articles everyone else does isn’t going to cut it. Anybody can do this and already do. Turn the tables and go the opposite way. Your prospects are already afraid of who they should believe because of all the crappy content they see out there.

Your mission is to save them from this unfortunate situation.

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Number of Likes go down as your Facebook Fan Base increases

Link-sharing solutions provider Visibli analyzed Facebook pages with at least 100,000 “likes” and found that for brands and media organizations, pages with more fans received fewer “likes” on each individual post. Engagement went down as the number of people involved went up.

Timeframe for Facebook Post 'Like' Accumulation March 2011With some much information fighting for our attention, this is not surprising. There comes a point in time when people have ‘status update’ fatigue, and that includes brands.

Tone it down and give messages some time to play out. There isn’t a recipe as to how many daily status updates one should create, the point is not to create more noise for fans.

If anything, try to maximize engagement on everything you post. There isn’t a clear cut recipe on how to do this, but blogging has a lot to teach us about how to do it. The type of content that generates more engagement on blogs (comments, RT’s, FB shares) are Q&A, presentations, curated information, images and video. It might be a good idea to follow the same recipe on your Fan Page.

 

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How and with whom do people share content online?

A recent study done by AOL and Neilsen offers interesting insights into how people share content on the web and what kind of content do they prefer sharing. Below is an infographic of these insights broken down by channels.

How People Share Content Online and With Whom?

Other interesting facts about the study include:

  • People spend 53% of their time online with content. And 23% is spent on social media channels such as Twitter and Facebook.
  • Email is still the most preferred mode for sharing content with friends and family with 93% of people doing so with social networks close behind.
  • Social Network sharers are %17 more likely to be females.

 

 

 

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Looking beyond social media

If it hasn’t happened already,VERY SOON, every person in your organization will be on Facebook, Twitter or any social network. They’ll not just be internally connected to each other, but with customers, as well; with the outside world.

If you care about how organizations are evolving because of social media, the Wall Street Journal has a published an article you should read.

Here are a few things that I’ll point out about this transition.

People’s expectations have changed

People who are on social networks and do some kind of social media activity (think blogging and tweeting) expect to have their conversations monitored by brands. They expect to be heard. In an effort to be heard, they’ll express their frustrations about a particular experience they had with a service provider or product.

I’ve done it and I have no doubt you have, too.

Organizations need to keep up with conversations not just about their brand, but also of industry topics.

It’s more than just monitoring

Keeping up with conversations and brand mentions is not enough. You must also mine these conversations for insights about how you can improve your product or service. You must engage customers directly through Facebook and Twitter or create a website where you can ask them for ideas on how you can better serve them. In essence, co-creating new value.

Mining analytics data is is still not widely use by executives to make better business decisions, that shouldn’t stop your from taking the initiative. This is an opportunity, carpe diem!

The data is out there for you to use and better your business, smart organizations will use this to their advantage.

Everyone is a hub

Because every organization is made up of people, every single individual becomes a hub. It’s always been this way, but never more obvious. Social networks whether internal or external made this happen. It’s wide open now.

Carrying and spreading your message is no longer sales and marketing’s responsibility; it’s everyone’s.

Fast is the new normal

With all of the above said, we are transitioning to a world where organizations work in real-time. This makes it more exciting to compete, to create, and to influence. Operating in near real-time benefits you because, using the right tools, you can stay ahead of change.

Monitoring conversations, analyzing data and making sense of it, engaging people in different channels on their terms, creating ‘experiential content’ for your customers; should be modus operandi for you.

What do you think, I would love to know your thoughts?

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