Last time we chewed over the Age of Pull and the new art of listening.
OK: so what do you really want to hear from your business?
The cash register. It's all about return on investment, any media decision, correct?
Well, in the Age of Pull, despite the near-complete inversion of media strategy underway (and wait until we have mobile analytics and addressable TV metrics) there's no doubt we have to keep our eyes on the prize of growing sales and innovating our products. That hasn't changed...but damn near everything else has.
Here's a terrific refresher course in what ROI means in the Age of Pull...and that's pretty well what it's meant since the Age of Steam: for every dollar invested in the company, there's an incremental return. The ROI slideshow's author Olivier Blanchard isn't a social media skeptic: far from it.
While he's 'media-agnostic', Olivier's all for it. He just thinks that the ka-ching off the till is the be-all and end-all.
But here's where he and I part company: where in the Age of Push, media spend used to be a direct linear equation (more or less), as Olivier so wittily and thoroughly details—and I love the slideshow's old sci-fi motif: brilliant—now it's not.
Olivier's analysis of SM metrics is masterful...it's a clear roadmap for the whys and wherefores of social media expenditure vs return. I don't think he goes far enough. But he's built the basement beautifully.
And for media investors looking at their company's value chain (with their customers out there in the haze at the far end, looking like they're beginning to run the show), it's a Wonderland. Where to begin?
Engagement with the brand. That's terra firma.
And what does that mean in the Age of Pull, when the audience is running the show?
It means BEING FOUND.
If your web presence is simply no more than a corporate website glowing with product info...who really cares?
If no one really cares enough to search for you, why will they come to your site?
Here's why...and it's ALL about branding your engagement experience. Nothing else matters.
Why? Because social media is the most powerful tool for creating conversation but it's also an amazing amplifier of your messaging. Right here. Right now.
And I'm not talking flat Twitter metrics or friends on Facebook. You gotta drill down deeper, because in the Age of Pull, it's not mere hits that count—it's what they're saying about you (which you can respond to: it's a conversation out there) and, equally importantly, it's how they're saying what they're saying about you (who are the opinion leaders? why are the lurkers watching and what are they watching/waiting for?)
Check this out. Liana Evans isn't a social media evangelist. She's a hard-core search engine analyst. She loves data. But she also gets PULL...and the conversations PULL engenders. And she knows that people who live on web—for product reference, for consumer advice, for intelligence of all stripes to live their lives better—increasingly trust social media. Why?
Aside from the fact ComScore tells us that YouTube—the king of social media sites—has just passed Yahoo as the No. 2 search engine (my 10 year-old taught himself Photoshop off YouTube in three days FYI: talk about convergence), there's a dead simple answer.
IT'S RELEVANT. I personally source all my automotive repair decisions off the Swedish Bricks blog, dedicated to Volvo owners. I can get complete diagnoses and parts/service advice from Volvo mechanics and enthusiasts...within minutes. Free, from a community of people I trust. I save $70/hr bench time and on parts as well.
That's what I call Pull. Nobody's shilling at me: I'm creating a conversation around my steering rack and there's a community out there just dying to help me. (It works for every consumer decision from lawyers to leaf blowers to laundry detergent. The answer's out there.) Do I buy Volvo parts from Volvo? Yep. Do I overspend on repairs? Nope. I now know what I'm doing when I bring my car in for repairs. Should Volvo be part of this conversation? Uh huh. Are they? Nope.
Liana gets this. I'm not sure Olivier does...and for sure he gets the importance of being found. He just doesn't appear to grasp the pent-up power for changing and opening minds out there is something far deeper than marketing AT people.
It's about trust. Win their trust and you'll be top of mind when they reach for the product on the shelf or click your product into their online shopping cart.
People trust social media now. And their appetite for the abundance of intelligence online is bottomless.
So you have to ask yourself, in the Age of Pull, "how are they gonna find me?"...and—killer question—"why should they trust me?"
Engagement, baby. They'll find you if you've made the effort to engage your audience on their terms, with content they find relevant, useful, applicable, hypercustomized, in a voice they believe, in an experience they find at once authentic and intimate.
Final note: if you have any doubts that social media aren't going to rule the engagement game of the future, take a gander at this demo of Google Wave. Email is going to become realtime chat: out of the inbox and into the conversation. The message is the medium. (Sorry, Marshall.)
Next time around: "come bearing gifts"—comedy and the art and science of engagement in the Age of Pull. Be well.