Why Social Media Can Improve Your Business

by Eric Tsai

After my last post on “How to use Google and Twitter to Find your Customers,” I’m following up on how to abstract value to improve your ideas.

Whether it’s for your marketing research or product innovation, the intention for gathering these data should NEVER be for spamming but to help integrate your value proposition into what people are truly interested in.

If you can become part of what people are interested in, you will have a better chance of connecting. Therefore it’s best to utilize permission marketing when executing your communication strategy.

Getting more data is great, but it’s not intended so you can just add more people to your weekly email blast.

Making quantitative analysis can help you create interesting ideas that differentiate your brand and drive actions.

So how can social media create opportunities for you?

Understand The Social Network Ecosystem

First, learn how each social network ecosystem works and the habits of the emerging “social consumers.”

Think of each social network as a town and the ecosystem is basically the infrastructure of the town.

Knowing how each social network is used is like having the map of the town.

Once you have knowledge of the streets around town, the next step is to find and connect with your customers.

This is where my last post comes in handy, if you can identify a social consumer online, he or she is more likely to have multiple social networking accounts which can help you to further profile your target audience.

This is especially helpful if you use a CRM (Customer Relationships Management) system such as GoldMine, Dynamics CRM or Salesforce.

Let’s look at B2C (business-to-consumers) social consumers; these are people that are willing to share their personal information on social networks engaging in activities such as updating their Facebook status, displaying their locations on Foursquare, leave their product reviews on Amazon or restaurant reviews on Yelp.

If you apply the Pareto principle or the 80/20 rule, you can expect the power users represent 20% of the users that’s generating 80% of the activities.

Accordingly to the latest study by Chadwick Martin Bailey, “consumers who are Facebook fans and Twitter followers of a brand are more likely to not only recommend, but they are also more likely to buy from those brands than they were before becoming fans/followers…The study also uncovered perceptions among consumers that those brands not engaging in social media are out of touch.”

Facebook_Twitter_consumer

The idea is to focus more on the power users that command influence within the social networks. Keep in mind connecting with “medium” and “light” users also helps to earn social proof and trust via the long-tail.

For B2B (business-to-business) the leading examples are LinkedIn, BusinessInsider, StockTwits, OpenForum by AmericanExpress and BusinessWeek’s BusinessExchange to see how businesses building communities that connects and shares information.

They represent how social network can be utilize to build a community by providing practical value whether it’s a piece of software, platform, resource center or networking destination, they give back in return to what participants put in.

I recommend doing some in-depth research to get useful data on demographics of your target audience.

Then identify the appropriate social network(s) that fits your demographics to go after.

The key to success will be your understanding of how your target social consumers think, act and make decisions.

What and who influence them?

How much research was done prior to the purchase?

What was the second or third option?

social_consumer_decision

Implementing Accountability and ROI

Now that you’ve got your customer profiles and social network(s) identified, what’s next? For businesses serious about ROI (return on investment), it’s time to increase accountability of your marketing efforts.

You can do this by using existing data or the customer insights from your research (profiling, surveys, CRM) to create campaign projections, a realistic goal that you aim for.

Then create a mix of financial and nonfinancial metrics that you NEED to measure, not what you can measure.

This is to help you understand how your marketing activities impact the bottom line and how you can optimize them by doing more of what works and less of what doesn’t.

Make sure you track your marketing cost as well as where the money is coming from to justify true ROI and conduct performance analysis.

How much does it cost to run a local campaign vs. national campaign?

What results are you getting targeting moms instead of kids?

Can you compare the effectiveness of your marketing investments in direct marketing and affiliate marketing?

Share Your Insights

Another great use of these valuable customer data is to share the insights with your customer service representatives, sales staffs, product development engineers, design teams, or anyone that will benefit from them.

If the sales staff knows what words or questions your target audience used most frequently when talking about your product, they can craft a better sales pitch.

If product engineers realize how many different ways people actually use the products they create, they can improve and create better products.

If the design team identifies how your customers come to visit your page and where they clicked, perhaps they can increase the conversion rate on your next campaign.

You can also involve them in the insight generation process to help increase the adoption and with regular distribution of these insights, everyone will take part to improve your business incrementally.

Ultimately you want to have a holistic view of your customer data so not only do you know what they’ve purchased, but also what they think about your industry, how they talk about your brand, and why they react to your campaign a certain way.

Simply put, it all comes down to keeping up with the shifts in how people think and act as well as the technologies used.

If you’re unable to keep up then outsource part of your social media efforts to marketers, consultants or agencies; but make sure you understand the implications.

Here is an short and excellent report on how social media influences paid search by GroupM Research.

The Influenced: Social Media, Search and the Interplay of Consideration and Consumption

The take away: The key to effective marketing communications is to have a solid brand strategy.

It’s indicative that social media must work together as an integrated whole of your brand strategy because your brand lives day-to-day in communication platform such as sales presentations, company brochures, product packaging and now the semantic web.

Synchronizing these efforts assures consistent communication of your brand’s strategy, helping to create brand awareness and recognition of who you are and why you matter.

Moving forward, there will be an increase demand for marketing ROI as more data becomes available and new measuring tools are developed.

As always, focus on the signal instead of the noise, maximize the value of social media to improve your business beyond marketing.

What do you think?

Love to hear your thoughts and feel free to share your ROI metrics.

he study also uncovered perceptions among consumers that those brands not engaging in social media are out of touch. When asked the question “What does it say about a brand if they are not involved with sites like Facebook or Twitter?” they said the following:

5 Ways to Engage Social and Mobile Customers

by Eric Tsai

If you’ve been keeping up with the current marketing trends, you should be in the process of exploring how to utilize social media to benefit your business.

By now, most of the “how to use” social media content is everywhere especially from reputation resources such as Mashable, Social Media Examiner or Twitip to name a few.

While most large organizations such as Fortune 500 companies are slow in adopting social media, many have started pilot programs to experiment with this new tool. Brands such as Dell, Coke Cola, Ford, Starbucks, Zappos, Best Buy and even sports league like NBA and NFL have found rapid growth by allowing fans to engage directly with athletes.

Share content that people find useful and want to share with others is the new mantra for new media marketing.

Particularly small businesses have found social media as a way to demonstrate leadership and command influence in niche communities.

The latest data from the Small Business Success Index shows that “Social media adoption by small businesses doubled from 12% in 2008 to 24% in 2009. The biggest expectation small business owners have from social media is expanding external marketing and engagement, including identifying and attracting new customers, building brand awareness and staying engaged with customers.”

The small and medium size businesses (SMBs) get it. They are using this recession as an opportunity to connect and expand their sphere of influence.

While social media is still in its early phase, the business benefits of social networks are very real.

Every small business is looking to integrate “social” into their eCommerce sites, direct mail campaigns, webinars, blogs and SEO tactics hoping to build top-of-mind brand awareness.

Certainly you’ve heard that it’s about conversation, customer engagement and providing value.

However; it’s also quickly becoming a spam destination and experienced users have started to be very selective on who to connect and how to communicate.

Sure, you can learn all the tricks and tactics in getting followers on Twitter, ramp up fans from Facebook and connects with hundreds of professionals through Linkedin but the real engagement is when you involve the entire community to take action and interact with your brand.

Understand Social Media Users

Social media is about conversations. It is important to understand why and what kind of conversation users are more incline to engage themselves in.

Accordingly to the latest survey of social media users conducted by Crowd Science, “Users want to be heard. Overall, 45% reported liking when others notice them—leading some to stretch the truth or reveal too much personal information… But 36% believed others are simply interested in what they have to say. That shouldn’t come as too much of a surprise to marketers, who know many users will tell all their contacts about good (and bad) experiences with products and services.”

Detailed Study Results

These new social customers will look up Yelp for reviews and tweet customer service for support.

It all boils down to the fact that every single customer from B2B to B2C has increased their influence throughout the buying process, gaining control of your brand’s perceived value, commanding more attention to satisfy their needs.

Lior Arussy wrote an excellent article in CRM magazine describes exactly that: “There’s a significant gap between the transaction as perceived by the employee and the outcome value as perceived by the customer. In short, what you sell is not what they buy.”

The truth is, even if you have the most market share in your industry it doesn’t translate to loyalty, and loyalty generates word-of-mouth. This is the reason why customers today are able to demand more for less, a loyal customer is worth more than a passive one and brands are fighting to gain trust. With the space getting crowded, consumers are already flooded with choices not to mention most don’t have the desire to spend in the first place.

In an effort to drive business success, companies must become more customer-centric by focusing on the needs of each individual customer to earn their trust and meet their needs.

More social means more conversations and when you add in the increasingly mobile factor, you have a whole new dynamic to reposition your brand to deliver a differentiated value proposition.

Here are 5 ways to help you address the increasingly social and mobile customer needs.

1. Start with local

Just because the internet can reach across the world doesn’t mean you need to do an all out global campaign.

Often you will find hyperlocal campaigns to be more cost-effective and can benefit from hybrid campaign where you combine online with offline promotions.

Find mobile advertising vendors that can help you target your local customers to drive traffic to your local stores or promote an event.

2. Provide free resources

With the emerging trend of the Freemium business model, free is the new standard.

In fact, it gives your prospects a reason to give you the time of the day so you have an opportunity to earn their trust. Establish yourself as a resource by sharing your knowledge.

Add value to the conversation by offering your thoughts and commenting on blog posts that your audience read, tweet resourceful information from your Twitter account, or by answering a question on LinkedIn Answers.

Free resource such as buying guide, e-books, product recommendations from third parties or even free trials on your product are great ways to nurture leads with drip marketing campaigns.

According to the recently released ChoiceStream 2009 Personalization Survey, “65% of m-commerce shoppers indicate that they would buy more products from their mobile devices if it were easier to find products on them from trusted retailers.”

3. Mark it easy to pass along

A simple word-of-mouth tactics that’s often overlooked as companies look to pack in all the features and benefits of their products and solutions on their brochures and websites.

Go with something that’s easy to pass along without making it difficult for your customers to explain to their social network.

Just like Twitter with 140 character limitations, mobile devices have limited viewing real estate so make sure your messages are simple and to the point.

Provide a link to your content if you have more content to disclose, but make sure the link is short by using a URL shortener.

4. Use location based advertising (LBA)

Since people almost always have their mobile phone with them, LBA provides highly targeted reach.

And because customers are in control on how they receive ads on their mobile devices, customers receive more personalized, relevant information in real-time resulting in greater customer satisfaction to help you build brand awareness, create loyalty, and drive purchase decision.

Keep in mind that successful LBA is a permission based so establishing trust will be important and a privacy policy must be in place.

5. Tell a story, create passion

– Reporters loves a great story because they know readers love them too. Often times a great story can get viral because well, it’s a great story!

The increasingly social web has vastly increased the fragmentation of media. Leverage sequential advertising to tell a story and lead your prospects down a path of related messages with continuity of the call-to-action.

Each engagement touch point should evoke a compelling response with fresh information and unique impression.

Don’t forget to keep any eye on the emerging trend of Augmented Reality on the social web and on mobile platforms:

Samsung

Home Depot

Esquire Magazine

The Take away: The real challenge for company embracing social media is finding the sweet spot that fits their business needs without draining their resources.

The key to success is to understand and measure the direct business impact of social media campaigns and identify the gaps between the customer experience and expectations as we continue to become more social and mobile.

Ask yourself, what do you want to achieve with social media?

Where do you see your brand go in the next 18 months?

What do you think?

Are you looking to do any mobile marketing in 2010?

I’d love to hear what you’re doing to engage social and mobile customers.

UPDATE 1 (2/24/2010)

Business Insider just published an new research from the Federal Communications Commission indicating that 86% of American adults now own cellphones.

Detail FCC Broadband Adoption Study 2010 below:

FCCSurvey –

What Should You Consider When Integrating Social Media

by Eric Tsai

As we progress into 2010, the rapid growth of social media has allowed more access to information, consumers, communities, and experiences. This new medium has enabled a new way to communicate and share, from B2C to B2B marketers are all trying to figure out an edge. Many brands start to focus on the hybrid approach which I believe will be the next phase of digital and web marketing. The question is what role will it play in the marketing arsenal?

Here are 3 steps to consider when integrating social media to your marketing practices:

Brand Strategy Reassessment

Understand the changing habits of your customers should be the focus of your brand. Use the 80/20 rule to segment your customers and identify the difference between your old customers and new customers. The recession has permanently altered the way people think of value and the concept of trust.

According to Decitica’s new study, “Marketing to the Post-Recession Consumers,”

The effects of the Great Recession on consumer behavior are so profound that many of the assumptions underpinning consumer segmentation are no longer valid; and
Marketing strategies that do not fully recognize the diversity of consumers’ recession experiences won’t have the desired potency in the post-recession world.

Business owners should reassess existing brand strategy to gauge the shift in their industry ecosystem. Although the above report focuses on B2C, for B2B marketers, you can expect similar shift in behavior from a high level perspective.

The key is identifying the new trends in how your customers think, feel and act. Your customers may be part of the fastest growing mobile user groups or have adopted new ways to find and share information before they buy. Every person and their sphere of influence were affected by this recession, reevaluate your existing customer segmentation should be a priority. It’s time to make adjustments as to how you view your customers.

Smart companies will always shift their brand strategy to focus on customer retention by maintaining a high level of value perception. Your customers expect you to keep your brand promise and that’s just the beginning, only those that are over delivering will earn the trust over time.

Integrated Marketing and ROI

Social media’s growth is undeniable, it seems like every company has a Facebook fan page and a Twitter account not to mention all the early adopter consumers. For example, according to a report from BabyCenter, “The number of moms who use social media regularly (e.g. Facebook, MySpace, BabyCenter Community) has significantly increased from 11% to 63% since 2006; a change of 46%. 44% use social media for word-of-mouth recommendations on brands and products and 73% feel they find trustworthy information about products and services through online communities focused on their specific interests such as parenting.”

So does this mean if you sell to moms, you must get into all the social networks? Should social media marketing be your priority? Not so fast.

According to a study from MomConnection, The Parenting Group’s nationally representative research panel of 5,000 moms, “the role of social networks in moms’ lives is still largely for entertainment and personal communication; it’s not a channel where most moms are receptive to gathering product information. Only 24% of respondents have used Facebook for product information and buying advice, while 5% have used Myspace for product info, and 3% have used Twitter.”

Social networks is still growing and evolving because it’s mass media, it’s crowdsourcing and it’s here to stay. However, instead of being hype it’s moving towards ubiquity and part of the everyday mix that works alongside email and search marketing. People will continue to search for answers online and offline regardless of B2B or B2C. Every chance you get to optimize your brand’s search ranking is an opportunity to leave a bread crumb for your prospects.

Moving forward, the challenges will be to monitor, measure and manage a fully integrated campaign due to the amount of resources and time it takes to pull together the overall picture. This is precisely the reason why you don’t need to be on all the social networks or even be on it all the time. Some companies use social media as a platform for effective one on one engagement while others utilize it as a PR tool.

Whatever the role social media plays in your organization, you have to really understand how social media is driving your business. If you’re doing social media, do you know how many sales you got out of your social media app? Are you measuring the actual incremental sales from your e-commerce store? Or is social media primarily a driver for your brand value?

Both print and digital advertising costs have come down dramatically, this presents a new opportunity for a dynamic approach to hybrid marketing. You can simultaneously capture your audience via print and web advertising but the key is to identify which channel they come from to rapidly and accurately aggregate customer and prospect data. Perhaps most of your new customers reside on the internet while your existing customers still favors the traditional channel. Regardless of how you integrate your marketing campaign, remember to benchmark them so you can gauge the ROI to improve your sale funnel and lead generation capabilities.

If you goal is to build a customer engagement program, consider incorporating it with existing and new CRM (Customer Relationship Management) tools that can be customized for each individual consumer. This helps to improve the ROI with more measurable data against the deliverable.

Here is “2010 Digital Marketing Outlook,” an excellent report from the Society of Digital Agencies (SoDA).

Two Thousand and Ten Digital Marketing Outlook

Business Alignment

Businesses will emerge from the recession looking to further strengthen engagement and interaction with their customers. But what does “engagement” really mean? How much does it cost? And what will it take to engage a customer? If you have already done the first two steps by reassessing your brand strategy and integrate social media into your marketing campaigns, your next focus should be to develop a social media policy to protect your company and make incremental changes to improve every aspect of your business.

I’m hardly surprise when I read the new consumer poll by CMO Council and InfoPrint, that “consumers today are deluged and overloaded with a plethora of unwanted direct marketing and promotional messages that are blasted out via email, or mass-produced and mailed in vast quantities, ending up choking mail boxes and filling recycling bins. In most cases, recipients ignore, or have become immune, to standardized commercial overtures. And with the advent of the Internet, consumers are seeking product information and affirmation from trusted sources and referral networks online.”

That’s the path social media is on right now.

Instead of email and mass-produced mailers, it’s spam tweets and uninvited LinkedIn notifications. Marketers are forgetting that consumers and prospects are real people like you and me. At the end of the day when we go to the grocery store or eat out at a restaurant we want to be treated like a person not a prey. It’s shocking to me that “staying relevant, valued and connected to customers has become the number one challenge for marketers today” according to the report.

The biggest adjustment brands must realize is that in social media you’re no longer in control of the conversation instead you will turn over the brand experience to the community and let them define it. If you want people’s opinion they’ll give it to you the way they want how they want it. Social media will NOT fix a bad product or negative customer experience. What it will do is to force you to reveal your brand’s true persona, allow additional means for your customer to reach you, and capture relevant analytical data for product and service improvements.

If you read my previous post “The 12 Principles of Brand Strategy,” you’ll know that principle number 2 states that your brand is your business model. Well, if your customer’s behavior is changing, shouldn’t you adjust your business too?

Checkout these challenges to social marketing effectiveness, and you’ll understand why it’s not so simple to integrate social media into your existing marketing practice. Is it worth to invest in obtaining a large number of Facebook fans or Twitter followers? How do you convert them into sales?

There needs to be a transition and I believe hybrid marketing on a single integrated platform will be the next trend to emerge in an attempt to leveling the playing field across all social networks.

I hope you find the information helpful, share your thoughts what do you think? Have you integrated social media into your marketing strategy?

3 Brand Marketing Trends That Will Continue

by Eric Tsai

3 brand marketing trends

When you hear something enough times, it may be a fad. But when you start to see email spam about it, you know it’s a trend.

That’s the case with marketing trends such as email marketing and social media.

The problem with trends is that it’s usually a lagging indicator which means to seize the opportunity you may need to be an early adopters to reap the rewards.

If adopting new strategy and implementing fresh tactics sounds too risky, just take a look at the troubled newspaper and magazine companies and you’ll realize what I mean.

Similar to technology innovation, brand strategy is taking on an increasingly strategic role focusing not just on the bottom line but the ability to produce desirable financial outcomes. It’s no surprise that the most innovative brands also fail more frequently, it’s the nature of the tried-and-true culture.

However, it takes discipline, research, analysis and creativity to find the right fit that works for your organization. Whether you’re promoting your personal brand or your corporate brand, here are the 3 brand marketing trends to look for in 2010:

1.Brands Must Become More Social Online

It’s no secret that B2B or B2C customers have been talking about your industry and your brand. Now with social media it’s simply going to be “on the record” somewhere over the internet, searchable and conversable.

If you can deal with customers in person, why couldn’t you deal with them online?

Engagement with your audience creates brand awareness, increase brand loyalty and the opportunity to get feedback that can help to improve your product and services. Social engagement encourages crowdsourcing, use it wisely it can energize both you and your audience.

Provide transparency in what you do and demonstrate authenticity in what you say are the keys to building your online “street cred.” Organizations must look at the bigger picture and realize the emerging trend of social business branding and how it will impact all aspect of the company from internal collaboration to external engagement.

Becoming more social for brands means establishing a collaborative infrastructure within the organization to support the core brand strategy. There is no doubt that consumer wants to engage through social media so if brands don’t get into it, consumers will leave.

Ideas for action: Learn the tools of the trade in social media and (please!) put someone that cares about your brand to the task.

Research and identify where you customers are at talking about you, listen and monitor before you jump in. Analyze the conversation around any product, topics, or category and identify any detractors and advocates to take actions.

More importantly learn to communicate well online, respond on time, be clear and to the point. Provide value when interacting with your audience, focus on helping not selling and always deliver relevant and effective communications.

In addition, make sure you have a policy in place so you have a focused, consistent and cohesive approach in reacting to the situation regardless of which platform you’re using. The bottom line is that social media engagement without governance is a recipe for disaster.

It’s possible that your customers may not be on an open social network but on several discussion boards (forums/BBS), a private professional community, or even a popular blog where comments serve as dialogues. speak to your customers directly to identify where they get their information, use a survey and provide rewards if needed.

Myths to consider: We can’t quantify the ROI (return on investment), so let’s just not measure them. First of all, there are ways to measure all the marketing activities whether they’re meaningful to your organization is another story (yes you want the meaningful ones!).

The important thing is to cultivate accountability in your actions so you get results that can give you the insight to make real informed decisions.

My recommendation is to rank your marketing priorities that are most likely to pay off or generate the impact your want first. If your strategy is to aim for awareness and exposure, then put reach and volume first instead of experience and frequency.

Keep in mind that you need to be able to quantity to a certain degree so you don’t drain your marketing resource and budget.

2.Shift in Value Perception Creates Opportunities for Brands

Generic brands are nothing new especially in the grocery store where the house brands are marketed and sold side by side with the leading brands.

The economy has shifted the perception of value fundamentally into a do-more-with-less and value-for-money mode.

According to the latest IRI Times & Trends Report: Game-Changing Economy Taking Private Label to New Heights, “private label unit share has grown 1.2 points to 22.8% and dollar share has grown 0.7 points to 17.6% across all outlets in the past 12 months.” Simply put, private label brands are gaining momentum across all tiers of product categories from premium tier to value tier because they have the advantage to compete on quality as well as price.

This represents a significant opportunity for less known brands (startups, SMBs, personal brands) to compete for new businesses while leading brands still has their eyes on cutting costs (overheads, infrastructure) and reorganizing operations.

In addition with the explosion of social media, unknown brand can go viral instantly followed by awareness because brands no longer control the buying space or the conversation, it only needs credibility to explode.

Ideas for action: This is the time to take your brand to another level especially with more cost effective tools and technologies, why not take a hard look at your current setup for operations, sales and marketing?

Reallocate your investments and prioritize your marketing, branding or product development strategies.

Many out-of-your-budget marketing avenues have dropped in price dramatically, check your local advertising channels you may be in for a surprise on how cheap it is now to run radio, print and even TV ads.

It’s a good time to build your email marketing campaign, run promotion events or even redo your old website so it’s more social media friendly.

You can even try partnering with someone locally to share the cost or co-brand some offerings together. Another idea is to create a new brand allowing you to expand into other categories or verticals utilizing the resources you already have.

Brand extension can help secure new revenues and reinforce brand strength without compromising your current brand equities.

This is the time to drive appeal and awareness to build recognition. Use today’s digital communication platforms to collect meaningful customer data, conduct surveys and optimize your digital presence via social networks.

Reevaluate your brand strategy, be innovative with your products and services, create a culture that reward your people and update your performance metrics.

Myths to consider: We don’t have the time, money or resources for marketing and nobody is buying!

If you don’t have a plan to convert data to actionable insight, a process to collectively review the effectiveness of your marketing strategy, how do you know what you’re doing works?

If you don’t invest in marketing or advertising, how are you going to differentiate the unique meaning of your brand? Without differentiation you will loose pricing power and competitiveness.

If your brand isn’t even in the run for consideration, how will your customers know that you exist? And people are spending, just selectively in a timely matter. According to the American Express Spending & Saving Tracker, “amid their (consumers) cautiousness we are seeing some areas where people are willing to increase spending.”

There is a shift in how businesses and consumers are expressing their priorities, but that doesn’t mean you should be reactive, in fact I would argue that being proactive now will benefit your ROI in the long haul.

3. Community Building is Now a Priority

Moving forward, brands will have to focus on fostering their own community to own the communication distribution network.

Building a community is about connecting and sharing experiences, I’ve outlined this previously specifically in social networks, which still applies to other platform as well.

The fact is that the adoption of new communication platform (ie. email, radio) has led to a new wave of user experience in which the context (ie. direct mail, website) and the message (ie. ads, PR) must stay relevant.

If the community is trusted by the members, they will extend the trust through word-of-mouth that could mean more opportunities for brands to increase buying frequency using content or conversation marketing tactics.

Keep in mind that you should get involved in the right channel and passively direct customers to your community. Effective engagement can also lead to permission-based marketing. According to a Forrester Consulting study commissioned by ExactTarget, “One-half of consumers said unsolicited messages were unacceptable even from companies they did business with regularly. That was up from about one-quarter in 2008.” When your audience allows you to contact them, you essentially have a direct line to access a targeted customer base.

Ideas for action: For low barrier to entry options, look into building a community using one of these: Facebook fan page, Twitter account, Google group, LinkedIn group, Yahoo groups; or create your own social network (with blog, discussion forums etc.), Ning, KickApps, ThePort, SharePoint, Drupal, Joomla, WordPress, Posterous, Moveable Type, SocialText, SixApart, and Pringo just to name a few.

If you’re tech or internet savvy, you can use a combination of them but I suggest to focus on becoming versed in 1-2 first then expand to others. Personally, I’m using a combination of a WordPress blog (you’re reading it now) and Twitter (@designdamage).

You can also use video sharing sites like Youtube and Vimeo to help funnel traffic to your community. Another import tip is to leverage RSS feeds to push your message from one-to-many networks.

It’s easy for someone to discover if there’s any participation in your community or not so if you’re going to have a community, you need to be there for your audience.

Dedicate a set amount of time to regularly check the activities in your community, answer questions, drive conversations and connect with members. People have short attention span especially on the internet, so make sure you work on your message (goes to number 1 above) and keep your audience interested.

The goal is to mobilize brand advocates to drive word-of-mouth for greater engagement.

Myths to consider: We’ll just hire an expert and let them do the work like how we outsource web design and SEO.

Although we’re at the age of outsource-anything today and get it done tomorrow, it’s hardly a sustainable long-term strategy especially when it’s about your brand’s core value and mission.

Too often we forget that people are at the center of any holistic effort to improve business performance and accountability.

Outsource to gurus may get things done, but you need to take the time and effort to work with them not to mention they’re hard to find, afford and keep. I’ve clean up some mess for clients before where the outsourced expert created more problems than what they were hired to solve.

This is why so many brands fail to update their websites regularly or refresh their SEO campaigns. Take the time to educate yourself some of the trends will benefit you in the long run, or get your team involve and split the workload across multiple heads.

The takeaway: The evolving marketing and media ecosystem is putting pressure on brands to innovate and evolve, or risk becoming extinct.

These trends will be here to stay and is essential for brands to be successful moving forward.

Have you made the transition yet to accommodate these trends? What are you doing to make the necessary changes to your brand strategy?

I will be reviewing the trends in digital marketing, specifically social business branding next, stay tuned.

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