Last week, I attended Social Communications: The Case Studies - Conference and Roundtables at the CUNY Grad Center. Speakers included: Philip Mooney, Director of Heritage Communications at Coca-Cola, Allison O’Keefe Wright, VP Consumer Insight at MTV, and David Alston, VP of Marketing and Community at Radian6.
Philip Mooney’s blog is an narrative of Coca-Cola built upon its history, called “Coca-Cola Conversations.” He posts various old photos of people drinking Coca-Cola, images of bottles, recipes, and the evolution of the logo. I think this is an excellent example of how companies can build stories and therefore strengthen their communities around their products. I don’t even drink Coca-Cola, and I really like this blog. This blog helps Coca-Cola to position itself as a fixture in American history: its well done in layout, scope, and content. Here at the IB, I’ve been trying to gather our stories from around the world, through the 40 years that IB has been around. It’s been quite a challenge, but this is the way that the IB will be able to best connect its message to its community and beyond. It’s very exciting to me that we have so much to share; I just need help finding it. PS: “Coca-Cola Conversations” receives about 4000 hits per week, and they haven’t promoted this blog at all; it’s been pure word of mouth.
Some of the other highlights of the day include Allison O’Keefe Wright, talking about MTV’s private online community, MTVips (named by its members). MTVips has about 300 members, in the 18-22 age demographic. Allison says their interaction and feedback has been invaluable to them in terms of marketing, research and production. Not only that, but the members feel a personal investment in their opinions and their impact upon viewer experience. It’s been working extremely well for them. She said the success of MTV hinges on their consumer; they are constantly changing their approach to be completely current with their consumer. We are building a private online community here at the IB, and it’s extremely helpful for me to see what works for other companies.
In terms of social media as a tool for business, David Alston of Radian6 provided a clear and concise demonstration of the risks and rewards in social media. I recommend viewing his presentation here. He listed some of the reasons for a company to put off social media as: worried about ROI, fear of failing, unmeasurable, and not enough customers using social media yet. He asked, “What is the return on ignoring?” He made the analogy of a person standing outside of a company’s office, shouting complaints through a blowhorn. He asks, would you go down there and try to diffuse the problem? Or would you ignore it? Most likely, one would go talk to this person. That is what social media allows to do. Building communities creates a network of people that will not only promote your company, but also defend it.
For the IB, we only became part of the conversation eight months ago when we launched our fan page on Facebook. In the past two months, we are now on Twitter. And Social life, along with a few others, mark our foray into external blogging. For the IB, it’s just the beginning. The more we strengthen our online networks, the stronger our community will become and this will only enhance the experience of our stakeholders.
I also attended a great roundtable, “Turning Participation & Passion Into Profit,” hosted by Sandra Fathi and Leslie Campisi of Affect Strategies. Some of the other attendees voiced concerns of social media as unmeasurable. As Sandra said, what could be less measurable than traditional advertising? With the IB’s fan page on Facebook, we can track all of our interactions, what our fans like, our number of visitors, and demographics on the fans themselves (age, gender, and geographical location!). And that is just our Facebook page.
Let’s emphasize one more point from the conference: It’s not the tools. Social media has changed business and it’s here to stay. There will always be a new tool, and what matters is how we use it.