Infographic by- GO-Gulf.com
Last week, we came across Go-Gulf’s social media team infographic (above) and found some of the numbers on it pretty interesting. (The infographic was based on a 2012 survey of more than 2,700 social media professionals conducted by Ragan/NASDAQ OMX Corporate Solutions.) Here is what jumped out at us:
1. 27% of companies surveyed still have dedicated social media teams, vs. 65% of companies having evolved towards functional social media integration.
2. In spite of the fact that 65% of companies surveyed assign social media responsibilities to employees with other duties, a whopping 82% of these companies report that less than only 1-3 people in their organization are involved with social media.
3. Only 22% of the companies surveyed are planning on hiring for social media related roles in 2013, and 25% are relying in some part on interns to manage some aspect of their social media programs.
4. Only 3% of the companies surveyed answered that a business background was a most sought-after quality in their social media hires.
5. 47% of companies consider that 1-3 years of social media experience is all their hires need.
6. The top three types of degrees most valued for social media roles were communications, PR and marketing.
7. Not surprisingly, the departments most likely to be involved with social media are Marketing, PR and corporate communications.
8. How is success measured? 86% of these organizations use likes and followers as their principal success metrics, followed by web traffic (74%) and deltas in reputation/brand sentiment (58%). Only 40% mentioned lead generation and 31% sales.
9. When asked what social media campaigns should be driving, the responses overwhelmingly pointed to increasing brand awareness (87%), followed by increasing web traffic (62%) and improving reputation (61%). Increasing sales and generating leads hovered between 40 and 45%. Improving customer service was in 6th place at 38%.
10. Almost half of the companies involved in the survey post content on social channels less than once per day.
11. When asked about major roadblocks in social media campaign measurement, 65% pointed to lack of time, 63% on inadequate manpower, 41% on lack of funding, and 39% admitted that it was not a priority. 39% also admitted that they were unsure of what tools they should use, and 23% thought that the task was “overwhelming.”
12. Only 5% of companies surveyed are highly satisfied with their social media programs. Almost 70% of companies were either somewhat satisfied or dissatisfied with their programs.
What does this tell us?
1. The goals are still wrong.
For starters, brand awareness should probably not be the primary objective of a social media campaign or program. Second, increasing sales should not occupy the 5th place. If half of companies still are not connecting the dots between social media activity and sales, there is a fundamental problem with how social media is being used by the average business. Speaking of that, if only 38% of companies are using social media to improve customer service, we still have a long road ahead. Note that market research and consumer insights did not even come up as an answer.
Tip: Focusing on the wrong goals leads to generating the wrong results.
2. There is a disconnect between what companies claim to be focusing on and what they are actually measuring.
87% of companies surveyed state that their focus is brand awareness, but the principal units of measure for it, according to this survey, are likes and followers. (Note: net changes in mentions might be a better indicator of brand awareness.) So basically, they are measuring the wrong things. That’s not good.
While 61% of companies claim to be focused on improving reputation, only 58% of them actually measure it. A similar gap exists between the 40% of companies listing increasing sales as an objective versus only 31% measuring social media’s impact on sales. This is puzzling. Why are so many companies not measuring key performance indicators?
The survey aims to answer that question, but here we run into a strange set of answers:
Not enough time: 65%
Not enough people: 63%
Not enough money: 41%
Not a priority: 39%
Unsure of what tools to use: 39%
Too hard: 23%
Let’s address those excuses one at a time:
Not enough time/not enough people comes from the fact that 82% of companies only have 1-3 employees touching social media campaigns. Only 9% have 6+ employees involved with their social media programs. (Note that 78% of these companies have no plans to hire more social media staff in 2013.) Solution: either start deploying more social media responsibilities across the rest of your organization or get help. Either hire someone or partner with an agency to fill the gaps as needed.
Not enough money should have nothing to do with an organization’s ability to measure basic KPIs. That 41% of companies checked that box is pretty puzzling.
Not a priority came in at 39%. That’s just shameful. Measuring KPIs is part of the job. It should be a priority for 100% of social media professionals.
To understand the unsure of what tools to use/too hard excuse, we have to look at the background and experience of the average social media professional touched by this survey. First, the majority of these companies preferred social media professionals with only 1-3 years of experience to those with 3-5 or more. Inexplicably, only 3% of respondents identified a business background as a sought-after quality in a social media professional’s background.
Tip: if 97% of your social media professionals don’t have business backgrounds, how do you expect them to understand business measurement?
Not to sound harsh, but when 39% of social media “professionals” either don’t see KPI measurement as a priority or don’t know what tools to use to measure the success of their campaigns, then 39% of social media professionals don’t have the basic qualifications to even be social media professionals. Either train them or replace them.
3. Only 5% of businesses are happy with their social media programs. Let’s fix that.
No kidding. Let’s consider why:
- Let’s start with 39% of social media professionals not really knowing how to show the value of their own social media programs and campaigns to their bosses (or not thinking of it as a priority). Fix: hire competent professionals.
- Speaking of hiring competent people, if your team consists only of communications, marketing and PR professionals, it is incomplete. Your social media team (dedicated or not) must also include customer service professionals, product managers, business analysts, and salespeople. Tip: the reason you aren’t selling anything is probably because no one from sales is even looking at your social media program. Fix: Change that.
Once you start focusing less on marketing and more on customer service, you will see an immediate change in engagement. Expect a positive change in online sentiment inside of a week as well. You will also see a boost in mentions and recommendations. (Measure all of that.)
Also, once you start monitoring keywords and mentions (your brand, your products, product categories, mentions of behaviors associated with purchases of your products, campaign hashtag mentions, etc.) social media channels will become three things for you: a) lead generation engines, b) customer retention engines, and c) market research engines. So take the time to test monitoring tools. Use them side by side. (Build mini digital monitoring centers). Listen with purpose and we promise that the the value of your social media program will no longer be a question mark for the people you answer to.
- Now let’s talk about goals. Does anyone really think that brand awareness is more important to a business than sales? Of course not. If you don’t agree, here’s something to chew on: what does brand awareness ultimately drive? (Answer: sales.)
Fix: forget what social media gurus have been selling you in their e-books. Social media campaigns’ goals should be aligned with your organization’s goals. What this means: If your company’s goal for 2013 is to increase sales by 11% YoY, then the primary goal of your social media program/campaign should be to help drive that 11% increase. That will be its macro objective for the year. Now let’s look at the series of micro objectives that feed into that:
- Net new customer acquisition
- Increasing customer loyalty/retention
- Focus on customer development
- increase buy rate / frequency of transactions
- increase yield (average value of transactions)
Everything that your social media team does should focus on these three areas. The awareness, word-of-mouth, engagement, likes, followers, mentions and visits are among the many vehicles your organization should use to drive these specific outcomes. Think about how to build new value for your customers. Think about how to create better customer experiences. Think about how social media channels, activity and tools will help you become a smarter business, a better business, a more useful business, a more pleasant business.
Tip: Pair a customer service representative with a digital marketing person and let them work side-by side with a handful of monitoring tools for two weeks. Do the same thing with a salesperson and your PR/crisis management person. Then bring both 2-person teams together and turn it into a 4-person team. (They don’t have to be literally side-by-side, but it helps if you can work it that way.) The value of that type of cross-functional collaboration will become evident when your social media activity begins to drive the above objectives.
Okay, that’s it for today. We hope what we covered here will help many of you improve your social media program’s results. (Let’s get that highly satisfied stat up from that lousy 5% by January 2014, okay?) We’ll keep bringing you tips and insights, so check back with us often. (We’re also on Twitter and on Facebook, so subscribe to our no-spam feeds there.) And if you haven’t added Tickr to your digital monitoring toolkit yet, just click here and kick the tires a bit. We’re pretty sure you’ll like it.