So, we’ve looked at Proof and Presence and why they’re the lead tandem in the New Four P’s of Marketing.
Now let’s look at what you need once you have Proof and Presence: some Persuasion.
- Persuasion — What good is Presence if you don’t use it wisely? If you don’t use it to demonstrate your Proof to potential customers? That’s what Persuasion involves: using your Presence effectively to deliver your Proof and persuade customers to, well, become your customers.
How do you persuade? Well, I’m not suggesting you do anything that’s not genuine, as the word persuasion is sometimes viewed. What I mean is you need to develop market knowledge and a customer-first mentality, and leverage it to be an expert and give customers a reason to trust and do business with you.
What kind of knowledge? Data and statistics about your market and about your customers. Unique experience or perspective. Customer needs and how to address them. Hell, even just having an opinion is market knowledge and worth something in terms of mental capital with customers. Even a forum or community on your site can be knowledge, even if it doesn’t come from you — if you bring customers together to discuss things and share thoughts, you’re the driving force behind their connection. You’re an expert.
How do you leverage it? A variety of ways. Start a blog, and use it to craft an authoritative perspective. That’s Persuasion at its best, when your organization’s leaders — and even its front line people — share their expertise with customers via social media. That’s real enagagement. You can start an enewsletter, develop white papers, open Twitter accouunts, build a unique content area of your website. It may seem like irrelevant effort if it’s work that doesn’t focus on your products or company. But it’s not. You have to make a case for customers to trust you. You have to persuade them why you’re relevant, why you’re the best choice. Showing them Proof and having a Presence isn’t enough — you must deliver content and perspective that makes the case.
Aggregating and sharing this knowledge is the Persuasion that helps you keep customers that your Presence found for you.
Next post discuss the final new P: Price.
Filed under: Customers, Marketing, Online Marketing, Social Media, Twitter, Uncategorized | Tagged: blog, content, Customers, Four P's, Four P's of marketing, persuasion, Twitter | Leave a Comment »





New Acronym, New Urgency to Measure Your Social Media Metrics
It used to be so simple.
At first, social media was easy because the standards of traditional marketing didn’t fit. It was new and different. It was personal and customer-driven and you were just feeling it out. It was Facebook and Twitter and what was to measure? If you knew how many Duggs you got on Digg you were ahead of the game.
But now that you invest time and resources in those customer conversations, it’s time to take a good, long look at what you get out of it in the traditional sense of marketing ROI. Even if you can’t or don’t need to measure down to an actual sales or revenue-driven metric, you should look at some the standard metrics of involvement and engagement in social media — followers, friends, comments, retweets, etc.
That’s where this helpful blog post from MediaPost (courtesy of @B2BOnlineMarketing) comes in. It suggests adding a new choice to the marketer’s toolkit of measurement metric acronyms: CPSA, or Cost Per Social Action.
I like this logic alot. In social media, engagement and interaction is the holy grail, no matter what your goal. Whether you need to plant a flag as an industry thought-leader, or build followers for a Facebook page so you can reach them for a much lower CPA than other channels, the need to measure CPSA at some level is now an expectation. And it’s different that traditional measurement, because relationships are less tangible yet potentially more valuable in the long term.
The article does post a great question that only you can answer:
Depending on your ultimate goals for your social media involvement, the true worth is for you to determine. For some, bigger Authority on Technorati may be the most valuable thing for your blog, while for others it may be Facebook followers, Twitter retweets, overall size of your social network, or something else. Or maybe you have a different way of measuring worth already that’s more complex and gives you a sales-driven ROI.
No matter what the answer to the question is, it’s definitely important to charge ahead and embrace CPSA as a new and valid metric that we look at often.
Filed under: Blogs, Customers, Facebook, Marketing, Online Marketing, ROI/Measurement, Social Media, Social Networking, Twitter | Tagged: comments, Cost Per Social Action, customer relationships, Digg, engagement, Facebook, followers, measurement, retweets, ROI, Social Media, social media conversations, Twitter | 1 Comment »