Keep an objective in mind

A campaign's single most important attribute is it's objective. This enables the calculation of ROI and ultimately determines if your marketing effort was a success. Marketer's often forget this simple rule of thumb. How does this apply to Social Media? Read on to find out... It’s about the conversation. Social media addresses the fundamental human behaviors of communication, sharing and collaborating. And social networks represent a step change in how people communicate, organize, recommend and decide. It’ not much of a surprise that social networks represent new threats and opportunities in reputation management. Nor that in terms of the ad game we’ve all had a bit of a rude awakening. Message discovery is now as important as message delivery. Everything has a tag. And it’s not about the conversation. But it’s not all about the conversation. It’s not a matter of whether you get it or don’t. Like all things, it’s finding what works, building from a foundation, measuring progress, and adapting to new situations. Chris Brogan posted on how companies can choose social media channels that are right for them. He points out that what most critical in terms of social media and the decision process is that companies need to have clear goals and ways of measuring them. So actually it’s also about getting stuff sold. So if you have an FMCG brand “what works” for you is probably what drives up brick and mortar sales, incrementally or otherwise. Let’s face it - FMCG is hardly web-friendly . I’m not going to order my washing powder, a beer or tube of toothpaste online. Especially not on a whim…. it’s just not going to happen. So if you’re into the “conversation” you’d be inclined to say - it’s great , everyone is talking about you, and you’re part of “the conversation”. But what good is that when they’re talking about you in a context (such as online) where your product isn’t readily available. After all, what’s going to push me, the consumer, away from that online conversation and out to a point-of-sale (POS) where I will make a purchase? And even if I recall the buzz around your brand when I notice your product at a POS, is that going to be enough to make me buy? And if so, will your social media campaign create enough impulse buys to cover the agency fees behind that campaign? And whether it does or doesn’t, how are you going to track it? What measurement tools do you have in place or can you get access to? Social media needs an objective. Or it's just more talk. Make social media pay its way Social media can be an excellent strategy for fostering customer loyalty, but what is its potential to do so with non-web-friendly products? Your Facebook app might get me to buy today but will it keep me coming back? Burger King got it right with their Facebook app. They didn’t try to foster a devoutly loyal customer base using Facebook groups or their own social network. Rather, they devised a delimited marketing blitz with very clear objectives and measurable goals. Every consumer that participated got a coupon that could be tracked upon redemption. This would provide them with a complete cost-benefit analysis, measuring the costs of deployment against the additional costs of fulfillment alongside increased sales during times of redemption. Another great example - Starbucks added a few hundred thousand fans in a day with the launch of their application in July of 2009. What the trick to making it work? So the trick to making social media count for FMCG it seems is that campaigns have to do three things: Drive brick & mortar sales, offer a way to track and measure those sales, and keep consumers socializing with your media long enough that their increased expenditures cover the cost of your social media campaign. FMCG marketers need to be choosing social media campaigns based on how they can meet the objectives of what FMCG ROI actually is: [Sales – (planning costs + fulfillment costs)]/(planning costs + fulfillment costs) = ROI As long as that objective is kept in mind, social media can be an effective marketing channel even for FMCG. If marketers choose a medium both based on those objectives and on their need for measurement -social media does pay.