1. I still get asked to defend why social media matters to a business…

    Saturday, 13 Jun 2009 6 Comments Posted by:

    I guess I should be happy…it’s job security for us business consultants!!

    Maybe it’s the phrase “social media” that throws people into an immediate panic.  Maybe it’s because so many of the examples discussed online are B2C examples instead of B2B and many of our clients are B2B?  And maybe it’s because we’ve all been asked about ROI so much, that we go straight to the business case and metrics discussion without boiling it down and making it really simple.  I was reminded of this as I prepared to give a talk to a group of social media, and in fact Marketing “noobs.”  The question I was asked to address was the one I started with – why does it matter to a business?  As I looked over some of my more typical content I found that I was in the weeds with detailed business cases, influencer models, relationship marketing, word of mouth programs, awareness to preference measurement frameworks, the works…

    Well, for sake of keeping it simple on a Saturday – let’s just make it about one simple (although complex) thing:  TRUST

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    Who do you trust for advice about products?  About services?  When’s the last time you bought something significant without looking at some sort of consumer media online like reviews?  Who do you trust more, that company representative or web page…or a fellow user?

    So here’s to the first word out of my mouth on this topic for the coming month…TRUST!  It’s all about trust.

    Sean

    • http://www.gravit8.com Chris Bailey

      Okay…I think you're right. But let me add another wrinkle to this. Of fellow users, which of *them* do you trust? That's the next phase of the trust wave that B2C online communities must address. Not all online users are alike so reputation counts. Organizations employing communities for their products/services/etc need to be aware of this.

      I'm more of a B2C guy so I'm not sure how that plays out in the B2B world but I'm curious to explore it.

      Oh, and I think we should always be ready to speak to why it matters to business. And the day we no longer have to do this will probably be the day another new technology will arise that we'll be defending and pitching.

    • http://www.gravit8.com Chris Bailey

      Okay…I think you're right. But let me add another wrinkle to this. Of fellow users, which of *them* do you trust? That's the next phase of the trust wave that B2C online communities must address. Not all online users are alike so reputation counts. Organizations employing communities for their products/services/etc need to be aware of this.

      I'm more of a B2C guy so I'm not sure how that plays out in the B2B world but I'm curious to explore it.

      Oh, and I think we should always be ready to speak to why it matters to business. And the day we no longer have to do this will probably be the day another new technology will arise that we'll be defending and pitching.

    • http://www.antseyeview.com/ Sean ODriscoll

      Very true Chris. “Super delegates” are an important part of the model – and in my experience it plays the same in B2B as B2C. It may manifest differently in user experience or process, but the core is the same. For example, in a b2c site, I care about a reviewers reputation which might be accrued through points or status or reviews or helpfulness as in Amazon for shopping or following the “fools” on the Motley Fool: http://www.fool.com/. Not much different than a b2b community like this one for Microsoft Exchange Server where I want to meet, connect and read what MVPs (microsoft superusers) have to say: http://technet.microsoft.com/en-us/exchange/bb3…

      Sean

    • http://www.antseyeview.com/ Sean ODriscoll

      Very true Chris. “Super delegates” are an important part of the model – and in my experience it plays the same in B2B as B2C. It may manifest differently in user experience or process, but the core is the same. For example, in a b2c site, I care about a reviewers reputation which might be accrued through points or status or reviews or helpfulness as in Amazon for shopping or following the “fools” on the Motley Fool: http://www.fool.com/. Not much different than a b2b community like this one for Microsoft Exchange Server where I want to meet, connect and read what MVPs (microsoft superusers) have to say: http://technet.microsoft.com/en-us/exchange/bb3…

      Sean

    • http://www.gravit8.com Chris Bailey

      Right…I didn't think about MVPs fitting the B2B mold. It's why I love communities that have a reputation point system that's dependent on what others think has been helpful (e.g., I like how LinkedIn does it with their Answers area). It builds trust which cultivates engagement. Good stuff, Sean.

    • http://www.gravit8.com Chris Bailey

      Right…I didn't think about MVPs fitting the B2B mold. It's why I love communities that have a reputation point system that's dependent on what others think has been helpful (e.g., I like how LinkedIn does it with their Answers area). It builds trust which cultivates engagement. Good stuff, Sean.