THE TAKEAWAY

If you or your company is not on social media, you should.  After all, just because you or your company is not Tweeting or otherwise posting pictures or updates, does not prevent others from talking about you. It is important for you to listen to the chatter, know the influencers or where the discussion got started in the first place.

Why? To protect your reputation and bottom line.

News now spreads in a matter of seconds thanks to social media and mobile technology. Whether the news is positive or negative, brands have to be able to react almost instantaneously with as much information as they can possibly assemble when their brand is mentioned. When a response is late, it is often too late. To avoid this, data from all media sources must be collected in real-time. This way companies have the ability to assess when they need to respond to inflated media exposure as quickly as humanly possible and can send out a timely message when they do. 

New technologies and new business models have emerged to deal with our complex data-driven world.    Across the media spectrum of social media and blog posts, online news mentions and Tweets, corporate communications teams are overwhelmed with data associated with their brand mentions, not to mention our own.

To protect your reputation, companies need to be armed with the ability to assess when or if they need to respond to inflated media exposure, “fake news,” or angry customers, as quickly as possible. 

In fact, there are 2 billion people with some sort of social media footprint,

·       Uploading 1 hour of videos to YouTube every second;

·       Posting 500 million Tweets per day; and,

·       Liking 4.5 billion posts on Facebook per day.

I guarantee you or your company is somewhere in there.  #DanCherrin.

Yet, sixty-one percent of the Fortune 500 CEO’s are without a social media presence.

Every day, new technologies are emerging.  Just take a look at all the new and cool products emerging from the Consumer Electronic Industry (CES) show this month.  In 2016, we saw

·       Facebook Live*

·       Instagram Stories*

·       Instagram Live*

·       Snapchat Memory Feature

·       Twitter Live

*Facebook owns Instagram.

In 2017, we will see more live videos, producing better content that people will crave with even shorter attention spans.  We will also see more fake news posted on sites that look credible and reposted to give it even more credibility.

What does that mean for you?

·       We are becoming more active on social media;

·       People are relying on it for information and taking the information as truth; and,

·       Customers are turning to it for validation and support.

Social media is no longer about what we had for dinner. It is even more than just broadcasting the latest news.  It’s about creating a community and connecting with influencers to do something.

“On a typical morning, I see plenty of raw, unfiltered commentary on what we are doing right and what we are doing wrong; requests for new features, complaints & product support, event the occasional high five.”   Ryan Holmes, CEO of Hootsuite, wrote recently in Fast Company.  Unlike most CEO’s (other than President-Elect Trump) uses social media to talk directly to his customers in real-time.

So what are they saying about you?  Social listening is a process of monitoring the social media chatter about you, your company, its brand and its leaders -- In real-time with in-depth reporting. 

There are companies who have created algorithms to monitor your brand, you competitors and your industry.  Companies such as Zygnal, Nuvi, Meltwater and others.  While you can set up your own Google Alerts or leverage other free systems, there is nothing like getting pinged the moment someone is talking about you.  

Why is it important to listen? 

·       To protect your corporate reputation.

·       To monitor what your colleagues and others are saying about you.

·       To enhance the customer experience.

·       To identify and leverage the influencers.

·       Identify media and influencers driving a story; see the point of origin and how fast the story evolves.

·       To prevent the spread of fake news or bad information.

·       To keep tabs on the competition.

Just because your company is not tweeting or posting, does not mean that others aren’t talking about you on line...They are! When you are ready to post or are ready to respond, listening to others on social media will help you respond in ways that matter. And know the best time to respond.

Whether you are a big business or small, or even a solo-preneur like me, you should have someone listening for you, who are prepared to engage with data and insight. 

According to Nuvi, “At the end of the day, having enormous amounts of data doesn't mean you have all the insights you need to drive your social strategy forward. A good analysis tool is what gives your data its true value.”

It is time you understand what is being said about you and who is doing all the talking – good or bad.  You should create systems that measure, monitor, analyze and track the conversation and find the resources to help you with any planning or the response and correct and misinformation.

If you are saving lives every second everyday, then you better monitor what is being said abut you. If you want to gain your customers’ trust, then you better know what they are saying about you and make media intelligence central to your business

·       Leverage data to inform strategy.

·       Monitor the competition.

·       Protect your brand.

Before you get started...

·       Know what and whom you be should be monitoring;

·       Know who you should be following; &,

·       Know what is preventing you from achieving your objectives.

Please join me at the Detroit Regional Chamber's Digital Boot Camp, Feb 11, 2017 to learn more about how we can listen, engage and make an impact. 

NOW LET’S START THE CONVERSATION!

 

 

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