America’s Main Street Marketing Experts, Bank/Financial Marketing, Facebook, Smart Strategy, Social Media, Success in this Economy, Twitter

Is Your Bank Scared of Social Media? #fail

No Comments 21 July 2009

Doing some research on a new project, I noticed a trend. Some of the places that spend MILLIONS on TV, Radio and Print are totally off radar when it comes to social media. Oh, their names are out there, but it’s a one way conversation, from the angry customer. You see, happy customers don’t go home and blog two pages about how much they loved it when they bank got their deposit amount right. Or when the bank made a banking error in their favor. But you get on the bad side of a customer, you’ll hear about it in social media.

So why are they scared to be on Social Media? Facebook doesn’t seem that scary to me. Twitter doesn’t seem too daunting for a bank with a small marketing budget, but for a bank with millions in the game, they aren’t anywhere to be found. I think I know why. It’s the customer retention number, and it’s about to catch up with them.

“It’s too risky,” they say. “We can’t control it. How can we control it? It’s too much of an unknown.” I’m here to tell you – you’ve already lost control. And the unknown happens because of the “head in the sand” syndrome from which you suffer. (Hint: there’s a little thing called “social media monitoring” – every business should be doing it!)

Last year, I began banking with a large regional bank. Their marketing was everywhere, and their branches were too. Their branding and web site was fantastic (imagine, that, I liked the branding and web site?) I loved my small town bank with the friendly faces, but my travel and other limitations made us part ways. Boy, do I miss them.

So, I tried this large regional bank, and the first two weeks were great. (No, I’m not going to name them and harass them, that’s not what this post is about – we’re about solutions, not tearing folks down.) The girl who opened my account gave me her direct number, and things were fab. Then I realized that that dress she was wearing that day wasn’t just a little loose, it was maternity. (No offense, but maternity leave caused a lapse in our relationship – I get it, but I was still devastated.) I went from being happy and having a banker, to being a number.  I tried to find other branches, with good people with whom I could connect and trust, but it didn’t happen.

Finally, I started shutting down accounts. It was too much trouble to deal with the little things that they could have fixed in 30 seconds (but didn’t) mounted up. I was ready to leave. I went to complain to the manager about another “fee” that I was charged, basically an error in their system. I got told “there’s nothing I can do about it.” Well of course I wanted to go up the ladder and find someone who could help, but when that wasn’t an option, I walked out frustrated. And since then I’ve told everyone about my horrible experience banking with them. I’ve had literally almost everyone agree with me, and yep, I’ve cost that bank a LOT of money.

It’s funny that banks especially will spend so much on an ad campaign to get new customers, when making a couple customers a day happy could actually create more of a buzz, than a grocery bag, that’s “green.” You made me mad, I told everyone on facebook that I hated your service (850 people), and I tweeted about you (400 people) and I got retweeted (1500 more people), plus I’m writing a blog that will be here forever.  Don’t you think a little, “let me take care of that for your sir” would have gone a long way. Yep.

So why aren’t the big boys all using Social Media to communicate with customers and provide customer service? Could it be that they know there are LOTS of people angry with them. That giving those folks a clean shot at communicating directly with the brand is not gonna look pretty for the PR department?

But what if… what if? What if they opened a dialogue and fixed a few customers’ problems…and engaged…were real by admitting that they’d made a mistake or two. Maybe they could LISTEN and learn about what customers want and understand why certain policies were hurting them terribly in the customer retention department. Maybe they would learn how they could actually GROW the bottom line from another angle instead of “gotcha” fees.

Hrmmm, well I know some banks (and other entrenched industry mammoths) aren’t gonna go for that, but I suggest that you watch your small local banks. I have a feeling some of them are going to engage social media with a passion as a means to engage customers and gain a competitive edge over their competition on both profit margins and the customer retention game.

What say you? How can social media change the face of the banking industry?

Attitude and Success, Facebook, Restaurant Marketing, Smart Strategy, Social Media, Twitter

Social Media: Both Sprint & Marathon

No Comments 21 July 2009

Social Media: A Sprint AND a Marathon

For the past couple of weeks Andy and I have been rolling out an exciting local social media strategy and engagement campaign for a local restaurant management group here in the Jackson, Miss. metro area. It has been a BLAST to work locally and to work with such a passionate client who is ALL in – and totally get it. It’s a rare treat to get to play in our own backyard, so to speak, and tonight the treat was all ours.

After a day out of town to work on-site helping a brick and mortar boutique launch their new e-commerce project, Andy and I opted to take our middle daughter out to dinner at our clients’ cafe (one of three restaurants in the group). For this particular restaurant, we are six days into the launch of a Facebook Page presence with a goal to increase guests IN the restaurant during this immediate push. We were looking for immediate results – so the past week has been a sprint to get that initial boost. Our fan base topped well over 1,000 today (celebration all around) with interactions between ownership, staff and guests along with rave reviews from guests exploding all over the Page wall almost continuously. But that’s obviously not our endgame. Our endgame has everything to do with measuring a bottom-line increase, right?

So, tonight we walked in, and the typically slow dinner hour (this is definitely a place primarily known for breakfast and lunch) was bustling. By bustling,  I mean that most tables were filled at 5:45 pm. By the time we settled in and walked up to the counter, two registers were three deep in customers. A few minutes later, the tables were full, the order counter was filled with happily networking guests, the restaurant was filling orders quickly, busing tables efficiently, and serving up the most beautiful fruit salad that has ever landed on my table anywhere (Did I mention there was yellow watermelon in my salad?).

As I watched, the enthusiastic shift manager skillfully navigated and managed his staff through a much busier than expected Tuesday night crowd. He led by example by filling needs where they happened: working the cash register, order window, kitchen AND not missing an opportunity to sell (out of) day-old and “after 6″ discounted pastries, take-out and much more. When we left (they needed our table, or we would have watched until the end), all tables in the main restaurant area were full, there were people ordering and the food looked amazing. The manager texted us later to let us know that tonight was a “major improvement” over the previous week. (Yes, that’s text messaging, and yes, we text with our clients all the time. It’s part of our accessibility motto – we also Facebook chat and Tweet). P.S. It was a RAINY/STORMY evening this week!

So, the sprint was a winner… The initial boost appears to have happened… And for us, it was definitely a runner’s high.

But here’s my point.

Sure, we won the sprint. But we’re also staring straight into the miles and miles of marathon that lie ahead. You see, launching social media right means launching with a sprinter’s attitude. Go big or go home. Cross promote off-line, draw a crowd, grab attention – all the while, be thinking LONG TERM. If you don’t continue to deliver that promise long-term, keep it relevant, keep it valuable and most of all, keep it REAL, then over the long-haul, social media will kill you. (Why? Because you will have done the worst thing: you will have disappointed your customers because they thought you were going to do something – that you didn’t.)

Everyone says this: It’s NOT about numbers REALLY. It’s about long-term relationships. And that is all oh so true. But when you get together a group of folks who CARE about your business through a Twitter following or a Facebook Fan Page or some other method, you’ve gotten together a group of folks with whom you can engage, educate, cross-promote, convert – over and over and over again… They can talk, tell their friends, recommend you, participate with you and help you build your community. They will be more loyal, and your retention rates will go through the roof.

IF YOU STAY IN TOUCH.

What good are a bunch of followers and fans if you don’t talk to them? Carry on conversations (those work two ways), say thank you, reward them, engage them… Ask their opinions, give them exclusive updates and behind the scenes information. You certainly can’t do all of that in a week (the sprint) and expect it to last for the lifetime of a customer. Every week is a new week, and a new opportunity to be a better friend, a more valuable resource, a greater source of comfort, a more relevant alternative, the go-to guy, a more important connection, a more impressive experience…the first and last thing they think about in your category.

When you examine your social media strategy – and really, any marketing strategy – do you launch with a big, fast sprint that sets the stage for a win at the marathon?

What say you? What have you done to make the sprint successful? To maintain the discipline of the marathon?

Authenticity, Facebook, Marketing, Press & Accolades, Smart Strategy, Social Media, Twitter

How Sarah got Smart…

No Comments 05 July 2009

Watching Twitter earlier this week, you couldn’t help but notice that Alaska Governor Sarah Palin was making a big announcement. (Note: I’m not going to get in to politics on this blog, you can ask me about that later, but it’s not polite dinnertime conversation. We are talking strategy only…)63K people following.

She’s stepping down as Governor of her state, and she basically told us she has big plans. So what does that do? Well it creates a buzz. Remember another guy that did this. He said he was going to make a big announcement, but he was going to send it out via Twitter. Yeah, I think it was a Vice-Presidential running mate selection, oh, and the guy using Social Media (and using it well) won. You do remember Barak Obama’s use of Twitter right?

So, I checked tight-lipped Sarah Palin’s Twitter stats since her announcement that she’s stepping down. Well turns out she’s gotten quite a bump in followers. Seems she’s started Tweeting a few times a day, and used her Facebook Fan page to give out a little more info, that took the press 18 hours to figure out where it came from. Interestingly enough, her stats indicate an almost 20% jump in followers since she made her statement on Friday, July 3rd.

By creating a place where people feel like they are going to get the most up-to-the-minute information, Sarah Palin is setting her self up to be the gate keeper of her own press info, and she’s been Tweeting out bits of informationPalin's Stats By TwitterCounter.comn that the press can’t seem to keep up with. It’s great strategy, and we’ll be watching to see what she does.

So, what can we learn from all this. Well it’s something that came up in tonight’s #BlogChat with @MackCollier. Make folks feel like you are a real person, and have a little inside scoop. They said it increases the WOM (That’s guru-speak for Word-Of-Mouth) marketing buzz.

What can you do with this? Well, what do customers want to know about your business? Special deals they can only get using Social Media, insider scoop on your business plans, and ventures. It’s a great way to get the buzz out there, and have more people that are following your brand, and business. Be personable, and work it!

Read the Mashable Story: Sarah Palin Shuns Press: Talks to Twitter, Facebook Instead

America’s Main Street Marketing Experts, Facebook, Social Media, Twitter

The Church and the World Wide Web of Social Media

No Comments 25 June 2009

Texting in Church...is it okay?

Texting in Church...is it okay?

Editorial disclaimer: This is probably not the last post I will write on this topic, so if it interests you, stay tuned. I do want to insert the disclaimer here that I am by no means endorsing the idea constant connectivity is a good thing. It’s not. Hopefully some pastors and others will weigh in on this issue. I invite good discussion as we look for ways for our churches to use social media appropriately.

In case you hadn’t heard, Andy and I are born-and-raised Presbyterian turned Baptist (thanks to one Dr. Greg Belser and a church we now call home named Morrison Heights).

As such, we been watching the #SBC2009 (that’s the Southern Baptist Convention being held in Louisville, Kentucky) this week via Twitter and related video, audio, blog posts and transcripts. I’m excited about their focus on the Great Commission – spreading the Gospel, bringing others to Christ as a singular mission. All the rest will follow as it should (not necessarily as it has been) – in my opinion – not the other way around.

As such, I was thinking about the functions of the Church (not just Baptist ones) and our discussions of web sites and social media, etc. I asked myself… do these tools help us spread the Gospel?

It has often been said in marketing circles (at least during my career of ten years), that good marketers in today’s marketplace were really “evangelists” for a brand or product or experience. And as such, marketers have gotten very good at “spreading the ‘gospel’” of whatever they’re selling. One of the best and most influential books I’ve read in my career was Church of the Customer by the McConnel/Huba team which makes obvious analogies to the church and “spreading the gospel” and “customer evangelism.” It’s always seemed ironic to me that God, throughout the Bible, spells out good evangelism techniques quite clearly. And we (good marketers) apply them very well in the secular world of business marketing.

All the while, it seems like the church has been behind the curve in applying these same techniques to spreading the REAL Gospel.

For the first time tonight (Wednesday night), I sat in church and texted – not the entire time, mind you – but I exchanged 2-3 messages with Andy who was still away at a meeting. In the past, I have always gotten upset with Andy when he’s texting Eric in the sound booth or Dr. Greg or whomever while sitting in church. But tonight, I took a different perspective. It dawned on me while sitting there that it would be okay to text a friend far away that is struggling with life and share something encouraging that I just heard or learned. And it might just be okay to update my Facebook status from the pew and share scripture and let the world experience the inside of a church through my eyes – an experience they might not otherwise have. Or to encourage someone that wasn’t there or couldn’t be there, so they remained engaged and feeling a continuous part of their church community even in their absence. OR maybe I could even Tweet the pastor questions as I think of them during the sermon that he could clarify on a blog later in the week. I personally do a lot of public speaking, and I love the idea that folks could text me questions during speeches and seminars that I could answer at the end. There are a million possibilities – and I’m sure I’m not the first one to go down this road in my mind. But my mind is certainly full of possible opportunities at this point, and  it certainly seems like it’s time for churches on a broader scale to step up to the plate and apply our own medicine – and use these new tools to our advantage and quit being so frightful that the tools are of Satan – they aren’t. But the tools certainly can and will be used to do harm – because that’s what happens when a lot of people use anything. Social media is no different. But, oh wait, there’s another opportunity for the church to step in and turn the tide in our favor instead of leaving a void for evil to fill.

What do you think? What might this look like in your church community? What options have you used successfully in your church or ministry with success (or failure)?

America’s Main Street Marketing Experts, Authenticity, Community & Small Business Branding, Facebook, Featured 1, Marketing Main Street, Social Media, Video and YouTube

Show Us Your Goods… Downtown's Gone Wild!

No Comments 19 June 2009

Create a Video for Your Community, Post to Facebook for a Chance to Win a Web Site and More

Create a Video for Your Community, Post to Facebook for a Chance to Win a Free FLIP Camera, Community Web Site and More!!

Calling all Main Streets & Communities!

Pull out your video cameras… it’s time to build the next generation of web content and build some buzz for your downtown.

It doesn’t have to be professional or even serious. But it does have to be video… about your downtown.

Concise, buzz-worthy, insider scoop. What the world doesn’t know – but should know – about your district. Fun, funny, or even a negative spoof – grab the world’s attention and think like your customer. Make us look twice, but keep it clean if you know what we mean.

Minimum 30 seconds – maximum 3 minutes.

Post on the Team HALO Facebook Page by MIDNIGHT ON OCTOBER 1, 2009 (YEP, EXTENDED!!) along with any comments or pertinent info we should know (like who’s submitting it).

Team HALO (Marianna Hayes, Andy Chapman, Amy Meadows, Eric McCully & Laura Busby) will name 10 semifinalists to be posted on our YouTube channel and promoted widely through the Main Street network and beyond.

Once the semifinalists are named, voting will be opened for viewer’s to vote on their favorite video (details to be announced shortly). The top three favorites (based on ratings and number of voters) will all be winners. (See our blog post about how to WIN the viewer’s choice voting contest – and also a GREAT tactic for expanding your reach with social media in general.)

THIRD PLACE wins a free FLIP video camera (valued at over $250).

SECOND PLACE wins a free downtown Social Media Strategy Program by America’s Main Street Marketing Experts (valued at over $2500).

FIRST PLACE wins a free downtown seminar by America’s Main Street Marketing Experts and a complete Results Revolution Web Site Makeover (valued at over $10,000). UPDATE 7/18/09: First place winners may now CHOOSE between the first option OR they may receive a Team HALO Revolutionary Market Analysis package also valued at over $10K. YOU CHOOSE!!! Now, how’s that for exciting?

Qualified Entrants: Main Street organizations, downtown development, business districts, or Chambers of Commerce.

Random Information: I’ve already been asked about how a small community can possibly compete with larger population centers. Well, think creatively – because, if you haven’t heard, I believe that social media is the great equalizer. So, to help you make the most of your opportunity here, we’re going to be posting lots of information that should give you ideas on how to WIN the viewer’s choice if you make it that far. But better than that – ideas that will help you WIN every day of the week on little or no budget using social media in a smart way – not a big budget sorta way. Stay tuned, and get those video cameras going!

Update on 7/19/09: How to post your video to our Facebook page: We have enabled our WALL for you to EITHER link your video from an existing YouTube or other supported video feeder that Facebook supports. For example, YouTube gives you a link to use when embedding their video on another site. Copy and paste that code into the “link box” on our wall, and you’re all set. OR we have also enabled our fans to post video straight from your computer using Facebooks Video App. Just click on “upload video” icon when making a new post on our wall, and follow their instructions. Be sure to either embed your information in the video or post it to our wall as well. Keep in mind, you MUST be a FAN of our page before you can post stuff to our wall. That is a one click deal, so go ahead, become a fan.

Facebook

Taking the Wrong Kinds of Risks: Using Facebook the WRONG Way

No Comments 14 April 2009

This week, a leader of a local Main Street organization (that will remain anonymous) contacted us to ask a question about setting up their Facebook "page." Andy spoke with them about their needs and goals. Long story short and after lengthy explanation and urging from Andy… the contact said basically "we'll just risk it."

What exactly are they risking?

My friend, Cary Tyson, Director of Main Street Arkansas, knows the risks all too well and was willing to share his experience with us for posting here so you can learn from it – and hopefully avoid the risk. I think it is explained quite aptly in the following screen shot. Cary says he learned his lesson (and I believe that he has since he is a leader in social media application within Main Street circles).

Account disabled

Lately, Andy and I have been making every effort both individually, on this blog and in our small business seminars and social media marketing presentations to explain the difference between an individual profile page, a Facebook "page" and a Facebook "group." We don't do this just for fun – but because Facebook is so incredibly valuable (yes, dollar signs valuable). But only if used correctly.

There are two MAJOR problems to avoid when using Facebook to market and grow your business. The risks are simply too great:

1. Don't use a Facebook profile page to represent a business or organization. Individual profile pages are reserved exclusively for individuals. This is the worst possible mistake because it's a technical mistake and Facebook can simply, with no warning, eliminate your "mistake" aka business or organizational presence from Facebook along with all of your contacts, messages, marketing history, and so much more. It's business or organizational sabotage. There are more than 200 million ACTIVE Facebook users and growing daily. This is a real media with real big implication and opportunities. Facebook has generously provided a place for businesses and organizations to promote themselves at NO COST. And they have specifically said that they ban use of personal profile pages for business use. If you are reported and/or found out by their own systems, they will warn you and in some cases of blatant abuse, disable your page forever more. Read for yourself… here is what their terms of agreement say… if you violate, you do so at your own risk.

Facebook warnings
Again, the risk of losing contact with customers, supporters, etc. and all the related correspondence, endorsements, comments and viral marketing that goes along with Facebook. Don't be lazy… create a real Facebook page for your business or organization and keep the profile pages for yourself. In a future post, we'll unwrap the secret benefits, bells and whistles of having a Page. (Here's what Facebook says about creating a Page.)

Facebook business pages

2. Don't just "be on Facebook." Spending time on Facebook on your business' or organizations' time…without a clearly stated strategy and goals is a recipe for disaster. Without a strategy – a purpose and reason and endgame for using this media – you are just simply WASTING TIME and will NOT see measurable results. Time is money and wasting either is a bad plan. Instead, take time away from Facebook to think through your strategy for it. How will Facebook help you accomplish your business goals? How should you use it, communicate on it, share within it? What brand and image are you projecting? How will your organization grow and develop because of use with Facebook? I'm telling you – your customers are there. It's just a matter of using the power of Facebook to your advantage. Once you know your strategy – write down measurable goals – and post them where you can see them. Don't get distracted – stay on track with your use of Facebook – all while being a human and building real relationships. Keep your endgame in mind and don't ever let the addiction take hold and waste your time and money. Stay focused and you will make money and find success on Facebook.

Join Team HALO's Facebook page for more.

Become a fan on Facebook Follow us on Twitter LinkedIn ResultsRev YouTube Channel Results Revolution RSS Feed
Next Week

March 16, 2010 at Noon CST


GUEST

Grace Bateman

Topic

E-commerce, Samples as Marketing, Social Good as a Marketing Tactic

Need Marketing Help?

HALO Business Advisors provides expert marketing advice, ideas, and strategy to locally owned & operated small businesses and restaurants. Get your marketing questions answered. Schedule your consultation today.

Can’t Update Your Web Site?

Time is money. Today’s business owner needs to be able to update their business web site quickly and easily. Convert your existing web site to a more bottom-line and marketing friendly solution. Contact Fox Web Co. today to learn more.

Shop Main Street Directory

Support Local. Browse our growing network of locally owned & operated independent small businesses. Search for the type of business and location to find to support a local business and the local economy – wherever you are! Search now.

© 2010 Results Revolution. Site by Fox Web Co.