Monday, June 29, 2009

The Key is Brand Monitoring

Brand Monitoring

For now, most companies recognize that blogs, discussion forums and other social media can offer a highly effective platform for any consumer who wishes to share their recommendations, experiences and views on a particular brand. Their voices can have an enormous influence in shaping the opinions of other consumers - and, ultimately, their buying decisions.

Confidence plays an important role in interpersonal relationships. The same is true of business relationships. In both cases, trust implies a willingness on the part of each partner to assume a certain degree of risk.

In an interpersonal relationship, the risk can be a partner to be unfaithful or do not behave in a way painful. In a business relationship, the risk might be ignoring a couple of quality control standards or to facilitate product design Click here for the design of E of the No-No Guide Lyris - includes Top 10 things you need to know. information or drag their feet when it comes to integrating new systems, resulting in a loss of market opportunity.
The promotion of confidence levels

In the deployment of enterprise applications centered collaboration, in particular, companies need to foster a high level of confidence. Implement a technology solution for automating a company in the supply chain, for example, involves more than just systems integration.

It also requires that you build trust with suppliers, given the need to share proprietary information on programming, production capacities and cost targets. In this context, trust generally evolves from a demonstrated commitment to work together collaboratively, solve problems together and share responsibility for any operational problems that arise.

Confidence is a strange animal in the world of business. Their inputs and outputs are ambiguous. Can not be codified. Like other intangible assets, which appears nowhere in the balance.

The extent to which a company declares its confidence in the integrity and character of another company remains purely resolution-based and therefore subject to the weaknesses of human error - although some people, including the Trust Training Strategy, a company that analysis provides a framework for assessing the level of trust that exists (or should exist) between two parties may disagree.
Pay attention to Web 2.0

Lately, I've been thinking about the concept of trust in the context of consumer marketing to grow your business-Fast! Sign up for a free trial of Infusionsoft and double its sales in 12 months. and the fact that the control of a brand's marketing messages - and, indeed, is very image - continues to shift from traditional media to online communities. Of course, what underlies this change is that consumers place more trust in the opinions of other consumers who do business in a traditional marketing messages.

For now, most companies recognize that blogs, discussion forums and other social media Web 2.0 can offer a highly effective platform for any consumer who wishes to share their recommendations, experiences and views on a particular brand. Their voices can have an enormous influence in shaping the opinions of other consumers - and, ultimately, their buying decisions.

While it may be true that companies can not control consumer dialog, you can pay much attention to it. In addition, where applicable, may modify their own messages and / or strategies accordingly.
Surveillance of loyalty to a brand

With the advent of a new generation of solutions designed to monitor, analyze and measure the impact of media generated by consumers, businesses are becoming increasingly expert in the maintenance of a proverbial ear to the ground - but do how adept? That's what I intend to find out through my research efforts in the market.

In particular, my upcoming benchmark report will seek to understand the extent to which brand monitoring tools are already being deployed and what percentage of companies plan to adopt the tool in the next 12 months.

Also try to determine what parameters are used to measure success, and what lies ahead, as companies struggle to keep more tabs on consumer perception as part of their marketing, brand intelligence activities and knowledge of the consumer.

In the context of product recommendations, trust is indeed the common glue. Consumers trust the opinions of other consumers, clear and simple, and what marketers have to say about their own brands is becoming increasingly important that consumers talk in the media online. But that's not to say merchants can not use brand monitoring solutions to listen in on conversations.

Brand Monitoring

Sunday, June 28, 2009

Online Brand Monitoring

Brand Monitoring

From GE to Target, from IBM to Best Buy, companies of all types and sizes are struggling to quantify the effects of Web 2.0 in their companies. What are the blogs saying? Are they positive or negative? What happens in Second Life? Where are our clients collect? Who are the leaders in the marketspace?The result of this anxiety is a new booming business in "marketspace analysis" to profess, companies to track your brand over time and alert you to news (good or bad) in real time.

Given some of the new findings about buzz in the blogosphere has to ask, are you wasting your time?My take on this is somewhat biased. I believe that all these branded products such as tracking online equivalent of the traditional press-clipping of the monitoring function of public relations firms use to cling to a way of justifying their existence. That said, online brand building is a core competency for today's marketing. What matters is not online buzz which is a temporary spike in attention, but what it does to its buzz in the online ecosystem.

Its competitive position in your ecosystem determines your destiny that leads to the brand monitoring:

• How to compare and its competitors in terms of return on marketing investments and relative share of ecosystems?
• How are the leaders to make money, and what is its focus on the ecosystem?
• What is the maximum potential of your business ecosystem?
• How big is your marketspace-the size of the ecosystem in which you want to compete?
• What parts of the ecosystem are growing fastest?
• Where are you gaining or losing share of the ecosystem or sub-competing in ecosystems?
• What capabilities are creating a competitive advantage for you in the ecosystem?
• What skills should be strengthened or acquired to help you compete in the ecosystem?

Because we could not find anything to help us with these questions, we decided to build ourselves brand monitoring vendors. That's how our Ecosystem Intelligence ™ came into existence:

(i) to help measure a company's position in the ecosystem (s) of competition and
(ii) help improve this position in the marketspace over time

Now let's see some of the competing brand monitoring vendors:

Biz360: provides customer opinion measurement of thousands of expert and consumer product review websites, shopping sites, blogs and message boards

Cymfony: rated highly by analysts of technology, they say "quantify the amount of coverage, as well as get expert qualitative interpretation of the effectiveness of their message is reflected in the traditional media and social."

Skygrid: a search tool that sifts through hundreds of web and media to show only one thing: if the balance of the news about a public company is good or bad, and how the "mood" is changing .

BrandIntel: collects, processes and analyzes online content and applies human analysis of results in context.

Factiva: monitors your competitors, customers and industry, with in-depth research reports and company financial data.

MotiveQuest "sees" the peak of passion "in online conversations to understand the motivations of the customer. Again, a combination of proprietary software and analysts to explore what drives customer behavior.

Nielsen Buzzmetrics: measures consumer-generated media to help companies understand consumer needs, reactions and problems. Using a data warehouse approach to index customer sentiment.

Scout Labs: allows users to track brands and the reactions to the brands. In essence, the company helps companies make sense of positive and negative brand sentiment in blogs, user generated videos and pictures.

Umbria: analyzes social media, including blogs, message boards, Usenet, and product review sites. Umbria human terms also adds to its data reporting.

And there you have it, all variations on the theme of press clippings.

And unfortunately most companies do not understand.

It's not about tracking buzz, it's about starting a conversation for brand monitoring.

Brand Monitoring

Monday, June 22, 2009

5 Free Brand Monitoring Solutions

Observation into the current conversation is something I recommend to all companies before they go out there and try to get some of the online activities to work in their favour. Social Media is a two way conversation, so to put that more simply, you have to listen to what people are saying, before you can respond.

You can’t just speak and hope it solves all problems without knowing what you are speaking about or who you are speaking too. Therefore, I’ve came up with this short but feature-full list of sites you can use to observe the conversation around your brand.

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Site: Technorati
What is it?: Technorati started by monitoring and indexing all the known blogs on the internet. They since moved into photos and video
Brand Monitoring: A simple search on technorati will find out exactly what has been said about you or by you in the blog-o-sphere. Features include a quick-view so that you can view a general look on both posts, videos and images, as well as the fact you can go into each vertical for more detailed information.

google-blogsearch-logo.gif

Site: Google Blog Search
What is it?: Google Blog Search is very similar to Technorati in that it tries to monitor everything being said by blogs. In the about page Google make it clear this is not just for Blogger blogs, Google owns the blogging platform known as Blogger.
Brand Monitoring: Once again you can use this to see who has been saying what about you in blogs online. What I like about Google blog search is that you can sort by most recent and most relevant to see what has been said lately but what has had the strongest mention of your brand. You can also search for specific dates so if you rolled out a new product or service anytime you can check specific reaction around your brand on those dates.

oil-online-logo.png

Site: Niche News Sites
What is it?: Niche news sites, such as Oil Online for the Oil industry, can be great sources of information. If you are a significant brand in a specific niche then it’s worth checking these out.
Brand Monitoring: There’s no better way to get an overview of your brand than in a news site specific to your niche. This allows you to see how your company is viewed by these media sources and allows you to compare yourself to their opinions of your competitors.

search-engines.png

Site: Search Engines
What is it?: Search Engines, in basic form try to index as much useful content from the web as possible and return the best results for users’ search queries.
Brand Monitoring: It’s possible that you’ve found a lot of stories or issues that you would like to cover up, but how do you know where to start? I would go with the issues and feedback found on the top results of search engines for your company name and company / product / service reviews.

ipvsz.jpg

Site: Competition / Competitors
What is it?: Your online competitiors. Whoever is a known competitor, companies that offer similar services or products.
Brand Monitoring: Search for your competitors and find other places they are being mentioned online and see if you have been mentioned. The services above can vary in accuracy from their certain sources but certain online communities where your rivals are mentioned may also uncover discussion about you.

In Conclusion
Just incase the images distracted you from the real content, here’s the solutions again:

  • Technorati
  • Google Blog Search
  • Niche News Sites
  • Search Engines
  • Competitors

There are more that I could cover and certainly will in the future, it’s possibly an opportunity for somebody to use to go into more detail to build some off-topic links, but I think Marketing Pilgrim did that pretty well.

source: http://www.pluginhq.com/5-free-brand-monitoring-solutions/

Social Media Monitoring - Why Monitor After All?

By Shadab Malik

Social Media Monitoring is for brand strategizers, brand gurus and brand managers, who believe in taking an organized approach towards brand building. However, social media monitoring is not just limited to businesses, bloggers find them useful too. In fact, social media monitoring in the 21st century is essential to almost anyone - a business owner, a student, a customer, a housewife, a sportsman, a journalist, an intellectual, a fool - anyone. Here are some insights about the same:

Social Media Monitoring for Businesses: Obviously as a Business Owner or a responsible Brand Manager for a business (irrespective of big or small), you definitely would love to hear what people are talking about your company, your business, your brand. For the same reason, community portals like Trip Advisor and MouthShut.com got popular in the first place. Now unlike earlier days (around a few years back) when there were only a couple of such portals where people got together and shouted, today, there are thousands of places where people are voicing their opinions. And sometimes you may not even have the slightest idea of a growing protestation in a community or group for your products / services. For instance, say some of your customers are located in Saimata (a city in Japan) where your product is being talked about on a local blog / regional community forum. Obviously you are not expecting a dream about it. You need to find it for yourself.

Secondly, Social Media Monitoring is not just for Online Business, it is as important for an Offline Business too, only because your customers have gone online. They find internet the easiest way to review your product and a place where their voice is heard by many. So an offline business would not want to be completely unaware of what is cooking against them or for them online.

Essentially, Social Media Monitoring is now an integral part if businesses really want to safeguard their integrity.

Education: Monitoring education societies, organizations, education committees is a great way for students, researches alike. You are better equipped by what courses are on offer, what courses are in demand, what are the courses educational institutions or ministry are more inclined to develop. Further monitoring communities where people discuss or speak about details on a subject is another great way to benefit through Social Media Monitoring.

News: If you want to keep yourself updated with the latest happenings in any particular area, business, government issues or whatever, monitoring social media can only make work easier for you. Twitter is known to be the fastest news release source. Bloggers collect a lot of topics to write upon through this medium. Monitoring Social Media where news spread quicker than any other medium today would be the best source if you wish to be among the first few to popularize it.

Professional Development: As with education, social media can help you in an all round development of your professional personality. Monitoring social media groups where peers of your profession gather and speak and discuss things can help you in expanding your professional learning as well as networking circles.

Latest Buzz: Social Media Monitoring helps in keeping yourself informed upto the last minute. What is the latest buzz around your town? Which celebrity is making a presence tonight & where? Who is offering freebies and when? If you happen to love freaking out, you can be assured of being the first ones to get updated of the buzz.

Product Development: Businesses can strategize according to the buzz, trends being followed & things people look forward to. Social Media Monitoring can only help them combine their product / service with the ongoing buzz / trends to achieve a desired product.

Engagement: This is the most important and widely accepted aspect of Social Media Monitoring. Engaging yourself with what your customers say about you or your friends talk about you or your professional peers re-iterate, can help you gain access to a lot of freely available useful information as also having a personal chat with your customers. It is like understanding the needs and behavior more effectively.

Considering the scope of Social Media and the information that it has in store and which is freely available, monitoring it can only help you expedite your efforts to your goals. But what is actually needed is to Strategize and exploit this resource in the most efficient manner. This is what I shall take up in my next article.

Shadab Malik is a veteran SEO & an active Social Media Marketer . Currently exploring Social Media Monitoring Tools, he has been appreciated to successfully launch a no of SEO programmes for many websites. Shadab also offers consultancy on Travel. Radically from the Hospitality Industry, he has an expertise in Online Travel. You can follow Shadab Malik on Twitter

Sunday, June 21, 2009

Social Media Monitoring & Brand Monitor

By Shadab Malik

Just when you thought that it is becoming tougher each day as you gather more clients, some tools can really make life easier for you as a Brand Manager. Social Media has been a phenomenon lately, and of course, this is due to the unbeatable usefulness that comes with your engagement to Social Media. Social Media has further dissolved the boundaries of the Web 2.0 to a greater extent. Media platforms, like Twitter brings you closer to a Marketing Guru, a dream company or a Celebrity. You could directly put across your thoughts and no appointments are actually needed! This is one of the many uses of Twitter and similarly Twitter is one among many Social Media Platforms available on the internet today.

With millions of users engaged & connected through social media, marketers have been proactive in spotting the opportunities and exploiting the avenues that come with such a huge potential customer base. Now, it becomes easier for Marketers to actually showcase their products, extract opinions of customers and conduct research pretty easily and also with much lower costs. Further, the data happens to be very accurate in such cases. Now with this bat in hand, a marketer actually can enhance his endeavors to an unimaginable extent and reap out the benefits, if done properly.

An important consideration, however, is to manage your interaction with the masses and thereby ensuring that you are keeping up pace and are considerably in sync with the people that may be your actual & potential customers. As your marketing efforts grow, it becomes essential to have a means that could assist you to actually monitor your efforts, hear responses, check out discussions simultaneously, concerning you or your targeted market and then modify, mold or improvise your marketing efforts further by such first-hand information that you gain.

Surprisingly, our senses find it obvious that there MUST be a tool that is available to tackle such intricacies. And what do we do? Guessed right! Google.

Researching for the best Social Media Monitoring Tool could really again be a TASK rather than a step and as always, you have to be very careful in choosing the right tool, since too much depends on the results that this tool shall generate. In my next Article I shall offer you an Analysis on some of the best media monitoring tools available online. But for now, let me just finish off by saying that such tools offer an easy interface for Corporate, Bloggers, Social Media Marketers and Public Relations Officers to monitor their brand online and manage it accordingly.

Saturday, June 20, 2009

Brand Monitoring

By Lauren Candito

Brand monitoring has become an essential task for any individual or corporation. Marketers must understand that conversations are being held on the web with or without our consent, and when conversations start on the web, like a forest fire, they travel very fast and wreak havoc along the way; what might start out as a mere tweet, may turn into a blog post and potentially national news.

Why is this Happening?
Until recently, information was dispersed and controlled by mass media networks of television, radio and print, where large corporations could control the mass media with the right combination of public relations and marketing.

Now, however, the Internet has fundamentally transformed the way in which information is created, distributed and consumed. In additional to marketers losing much of their control of brand image, they are also facing a larger variety of marketing channels than ever before.

The modern consumer has developed greater immunity to the constant barrage of advertising messages. Increasingly, consumers are turning to online communities, consumer writers and fringe media as trusted sources of input on everything from what to buy to how to vote.

What Marketers Are Saying
Marketers and brand managers now struggle with challenges such as:
"My brand/product has a lot of negative search results that have accumulated over time and unlike simple word of mouth, these comments never seem to go away."
"We're launching a new product next quarter and I want to generate pre-release buzz to build demand and create better brand awareness. How can this be done without a huge investment in traditional media?"

What Can You Do?
Developing a brand monitoring plan should be one of the most important pieces of a company's marketing strategy, not an after thought. All too often I have seen companies fail because they have not listened to the buzz in the community.

All successful brand monitoring plans have two critical pieces: Listening & Responding.

Listening
Listening is the gathering of online information about your brand. It is simply put, listening to what is being said about your products/services/brand online. There are a variety of tools that help marketers "listen," but here are a few of my favorites:

General Brand Monitoring

  • Google Alerts - Google alerts are email updates of the latest relevant Google results based on your choice of query or topic. You can subscribe to each alert through email and RSS. The alerts track blog posts, news articles, videos and even groups. Set a "comprehensive alert," which will notify you of stories, as they happen, for your name, your topic, and even your company.
  • Yahoo! Pipes - This is also a good tool for aggregating and combining feeds into one central repository.

Blog Monitoring

  • Technorati - Technorati tracks "blog reactions," or blogs that link to yours. Search for your brand on Technorati, and subscribe to RSS alerts so that when someone blogs about you, you find out.
  • Backtype - Backtype is a tool for monitoring blog comments, by allowing you to find, follow, and share comments from across the web. Use it to remind yourself where you commented, discover influencers who are commenting on blogs that you should be reading, and continue conversations that you started previously. You can even subscribe to these comments using RSS.
  • Discussion Board Monitoring
  • BoardTracker - Along with blogs and traditional news stories, discussion boards are another channel where people can gather in a community and talk about you. Most people disregard discussion boards until they see other sites commenting on information viewed on them. Use boardtracker.com to get instant alerts from threads citing your name.

Other Great Social Media Brand Management Tools

  • Yacktrack - This service lets you search for comments on your content from various sources, such as Blogger, Digg, FriendFeed, Stumbleupon, and Wordpress blogs. For instance, if you comment on a blog, you can locate other people who are commenting on that same blog post and rejoin the conversation. My favorite feature of this tool is the "Chatter" tab, which allows you to perform keyword searches on social media sites and then notifies you of instances of your brand name. Yacktrack's search page results also gives you an RSS feed for the search term.
  • Twitter Monitoring - Using Twitter search, you can locate any instances of your name and decide whether you want to tweet back or ignore them. It really depends on the context and meaning of the tweet. Conduct a search for your name, your company's name, or various topics you're interested in and then subscribe via RSS. Twilert is another tool you can use to receive email alerts.
  • Social Mention is a social media search engine that searches user-generated content such as blogs, comments, bookmarks, events, news, videos, and microblogging services. It allows you to track mentions of your brand across all of these areas. The results are aggregated from the top social media sources, such as Flickr, YouTube, Digg, Delicious, Twitter and more. Like the other services, you can subscribe to your results by RSS or email. Other social search engines include Serph and Keotag

It's also a smart idea to listen to conversations about your competitors. For example, if the Marriott had a Google Alert setup for "Sheraton" they could listen online for customers who get frustrated with their Sheraton experience enough to blog about it, and they could engage those frustrated bloggers, and possibly gain new customers.

Talking Back
Once you have set up an effective monitoring plan, and you have listened to what the community is saying, it is time to talk back. Here are some guidelines for communicating with online users about your brand.

  • Respond quickly to criticism. If you don't respond quickly to criticism, you can lose control of the conversation.
  • Admit your mistakes. Why is this so difficult for brands? When you mess up, the only-and I mean ONLY-acceptable response is to take full ownership, explain what went wrong, and share your action plan for fixing the mistake.
  • Empower your employees to become problem solvers. As a customer, there is nothing worse than having a full-on collision with bureaucracy. We've all been there. "I'm sorry, ma'am, but I'll have to check with my supervisor." Or worse, "I'd like to help, but we have a policy against that." Tim Ferriss, author of the bestseller, "The 4-Hour Workweek", tells his employees and contractors,"Keep the customers happy. If it is a problem that takes less than $100 to fix, use your judgment and fix the problem yourself. This is official written permission and a request to fix all problems that cost under $100 without contacting me (p. 105)."
  • Exceed your customers' expectations. Every customer problem is an opportunity to create a new amazing experience. But it's not enough to meet their expectations, you have to exceed them. Anything less is merely restitution.

Conclusions
Understanding brand monitoring and its impact on your business is critical. Static websites are no longer the pinnacle of communication, as today's consumer seeks engagement and two-way conversations. As consumers are increasingly empowered to take control of brands online through user generated content, blogs, forums etc, marketers must adopt new ways of approaching brand management and marketing their products/services.

About the Author
Lauren Candito is a interactive marketing & social media expert that utilizes her deep understanding of the interactive realm to develop results driven interactive campaigns & online marketing strategies for her clients. She understands the importance of engagement and interaction, and pushes companies to reach outside of traditional marketing barriers to develop their interactive/online strategies. Lauren is a skilled strategist who incorporates a variety of social media tools into her strategies, and tailors each strategic approach to her client's needs & goals.
Lauren has obtained her MBA degree in International Marketing & Business Strategy, and has numerous years of experience working for global corporations, intimate interactive agencies, and small business ventures. Lauren takes an ambitious, self-directing approach to the social media environment, developing measurable, long-term online strategies for her clients.
Lauren has an amazingly high level of energy and enthusiasm that is balanced with a great understanding of business analytics and a detail-oriented management style. She has a proven passion for learning and naturally exceeds expectations. Her excitement about interactive marketing resonates in every campaign she develops & implements, resulting in successful implementation of client strategies, and the development of cutting-edge marketing techniques.