Social media risk for big brands: some examples and a solution

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  • October 14, 2010
nickjohnson

nickjohnson

According to a recent survey from eConsultancy, no less than 83% of in-house marketers said they expected their social media spending to increase over the next year.

And yet at the same time, only 41% of inhouse marketers said they have a strategic plan in place according to this report from Digital Brand Expressions.

It’s a worrying statistic, and it lays bare the struggle that big companies face when it comes to incorporating social media into their marketing and communications strategy. Companies understandably want to get involved in this burgeoning space, and reap the benefits of engaging with current, and potential, consumers through social media.

The risks attached to a poor social media plan

And yet a badly thought out (or non-existent) strategy can do far more harm than big brands realise.

Look at Habitat, who decided they wanted to use social media, but didn’t want to spend much money on it. They tasked an intern with looking after the company’s social media presence. The intern promptly created rather a PR disaster by ‘hashtagging’ a post about Habitat’s current sale with #iranelection. A popular hashtag at the time, but not particularly relevant. The company looked opportunistic and foolish.

However, far more often a company starts out using social media – setting up Twitter accounts, creating Facebook pages, writing company blogs – and then either forget about it or don’t really know what do from there. Apparently, only 25% of corporate twitter accounts actually respond to other peoples’ Tweets. And only 38% of brand Facebook pages actually feature any interaction with or from consumers.

This is still a very new area for large (and perhaps inevitably, slow moving) companies. There will be plenty more unused Twitter accounts set up, and plenty more Habitat-esque faux pas before this is over.

The solution to your problems…?

And that’s where a new conference from a company called Useful Social Media comes in. It is aimed at large brands, and is designed to help them use social media for better marketing and communications. It’s called the Corporate Social Media Summit, and is the first European conference from the company.

In June of this year, they put together a US-version of the show which was enthusiastically welcomed by the corporate social media community:

“I normally find social media events frustrating – they don’t provide content on my level. This event was different. I learned new things…because of the real world experience and expertise.”

Kelly Feller, Senior Social Media Strategist at Intel.

The ‘difference’ that Ms Feller alludes to is in the speaker line-up and focus of the agenda. Every speaker invited to contribute is a senior practitioner working for a large business – these are all corporate speakers, not ‘social media gurus’ and experts from the brand side. Nick Johnson, founder of Useful Social Media, believes this is what made the event so popular in the States

“If you’re a practitioner working within a big business, you’re not neccessarily going to want to hear from agencies and consultants all the time. It is tremendously useful to hear from your peers, from people working in other big brands – who understand where you’re coming from, and have made this work at their own companies. Getting best practices you can use in your own job is really very useful. And that’s exactly what we try to offer.”

Some of the companies sending expert speakers include Dell, Vodafone, Toyota, PepsiCo, Nokia, Honda, First Direct and the airline BMI.

It seemed to work in the US – with a huge 95% of attendees confirmed that the conference had taught them useful strategies and best practice they could take back to the office. The European version of the event is set to deliver just as valuable best practice, insight and assistance for big brands on setting up a social media strategy that will work for them. Some of the companies coming along to learn and network include Diageo, Shell, Royal Bank of Scotland, PokerStars and SEB Bank.

If you would like to learn more about Corporate Social Media Summit – sponsored by Fleishman Hillard and Visible Technologies – then download a brochure. Your brochure will set out the agenda, give you detail on every speaker contributing, and lay out who you’re likely to meet in the audience. You can download one now at http://usefulsocialmedia.com/europe. As an added bonus, Useful Social Media will also send you a free mp3 recording from Samsung’s presentation at the US conference – focusing on how to use Twitter as part of your marketing strategy.

If you would like to reserve your place at this industry-leading event, then you can do so online at http://usefulsocialmedia.com/europe. There is a £150 ‘early bird’ discount available on all bookings made before Saturday 16th October.

For more information, contact Nick Johnson on nick[dot]johnson[at]usefulsocialmedia.com.

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