Posts tagged ‘Social Media’

I was initially unmoved by the news earlier this week that McKinsey is doing a joint venture with Nielsen leading the management consultancy to take over BuzzMetrics, one of the many firms out there that analyze what people are saying about companies online. There’s been so much acquisition action in that monitoring space over the years that it was hard to get excited.

But then this morning I read some late coverage of the announcement in the Financial Times that woke me up to the significance of the deal.

What the FT told me that I didn’t know is that NM Incite, as the new company will be called, is the first time McKinsey has attached its name to another company. “We have never done a joint venture of this magnitude before,” McKinsey’s Dan Singer told the FT. That detail got me thinking about how far the incredible popularity of social media has traveled upstream into corporations.

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Don McClean speaks out on the Chevy-Chevrolet DebateFor years now and despite all its woes, General Motors has been one of the more aggressive adopters of social marketing tactics among the big old American corporations. It has a social media team that pushes its products and fields complaints, using platforms from Twitter and Facebook down to Gowalla. Social’s been a big at GM for a while, with departed vice chairman Bob Lutz’ Fastlane blog being among the first of such corporate sites to gain traction. But in the new, post-bankruptcy GM social’s going to be an even more important part how the automaker relates to its customers, if we’re to believe this quote from Scott Lawson, director of customer and relationship services:

“In the old GM, we said you need to call us or you need to write us a letter. That’s not treating them how they want to be treated. In the new GM, we’re going to be where our customers want us to be.”

Too bad that doesn’t extend to what customers want to call your most famous products.

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Our CEO/Editor-in-Chief Jonah Bloom lays it down on the Beancast Marketing Podcast. The weekly podcast is hosted by Bob Knorpp.

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One of the most commonly available brands of social-media snake oil now available is the kind that will help you grow your Twitter following to Greg Odom-like proportions. It’s a rare day that my inbox isn’t violated by some multi-step program that will have thousands of folks hanging on your every 140-character burst overnight. Usually the bulk of the advice is either platitudinous–Be authentic, Engage your community, Provide value–or so highly technical in nature as to miss the point of Twitter, which is simplicity. If you want a platform to game, try Google. At least, the search engine’s algorithm is complex enough to warrant some thinking about how to beat it.

Not so for Twitter. Sure, you might be best off posting at certain times of day and there might be convincing, data-driven grammatical guidance on how to earn those precious re-tweets that will give your Tweets a better chance to go viral. But that’s not what really matters.

I can say that with dead certainty because we have a site whose following has exploded over the past four months–and not from two to eight or 100 to 400 or even 5,000 to 20,000. Since January, Fashionista.com— whose Twitter handle is @fashionista_com— has gone from about 23,000 followers in January to more than 124,000 today. And it did so without relying on any gimmicks, research, or profound social-media advice unless of course you count mine. Which you probably shouldn’t.

Fashionista.com Twitter ChartThe site’s editors, Lauren Sherman and Britt Aboutaleb (who is unfortunately leaving us), have built (unofficially) the third-largest Twitter feed of any fashion news brand, trailing only Women’s Wear Daily and Elle.com, both of which have staffs that dwarf our  operation. They’ve done it by taking the sensibility that informs their blog and applying it to their Twitter feed. A radical approach, huh? Though it’s best you check out the site for yourself, I’ll try to capture their approach here: Fashionista is smart and high-curated, enthusiastic without being frothy, critical without being catty. And, importantly, I can say it’s personal without being totally subjective because it pulls in hundreds of thousands of readers every month, some of them fashion’s leading lights. And some of those, Elle Creative Director Joe Zee, fashion PR maven Kelly Cutrone and Glamour Editor Cindy Leive, have even thrown us a few retweets.

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