From Evangelists and Valuations to Enablers and Real Value. When is Your Now?

Mobile changes social from a "check-when-I'm-at-a-PC" experience to one that pervades everyday life. Mobile penetration in the US will reach one in three consumers this year. The explosion of cheap smartphones in 2012 is what will make social part of the fabric of every interaction.

Social 2012 is Web 2000, says Josh Bernoff on Adage Digital Next. Spot on. Similarities are obvious. So obvious, in fact, that it’s worth it to single out some of the key issues. We are again likely to overestimate the short-term impact and underestimate the long-term impact.

First up, there are enthusiastic evangelists. The engaging personalities sharing their visions of transparent, real-time economies, seamless collaboration, the end of hierarchy, you name it. Exactly the kind of people we saw on stages in the late nineties too, perhaps with different style glasses though. Their job is to sell the story before the product, build excitement, and attract first-movers. Thinking back, the key points in the late nineties were not too different from the ideas most talked about in the last few years.

Secondly, valuations rise beyond regular math. As new concepts take shape, early-stage business angels and venture capitalists bet on ideas, technologies and services, drive valuations up, attract later-stage investors, and drive valuations higher up. Winning teams score big in IPOs and acquisitions, those less fortunate write down losses and rethink their businesses. Making headlines of this cycle turning yet another round is pretty much like pondering why there’s a November every year.

Thirdly, there is the critically important role of enabling technologies, networks and devices, as discussed by Josh Bernoff in his brilliant blog post on Adage. In 1999, I was involved in launching an ambitious e-commerce business with a site so advanced that few customers were able to access it. In 2001, I helped grow a mobile company selling b-to-c WAP services so slow and cumbersome it took true dedication to use them. Between 2009 and now, well, we are on the verge, again.

Finally, the services that add real value to their users will eventually gain ground - once the enabling technology is mature enough to attract a critical mass of users. When that happens, evangelists and early-stage investors are already talking about something else.

Few would disagree that the internet revolution and the emergence of web based systems completely changed the way we work, live and socialize. Pretty much the way the early evangelists predicted, only later.

The social revolution and mobile systems will again transform the way we live and our organizations operate, probably pretty much the way the evangelists predicted, only later. With less of a delay, I'd argue.

To reap the benefits, look beyond the surface and focus on the changes in culture and behavior. When is your now?

Welcome the App Economy: Social Media Creates Jobs and Wealth

The proliferation of Facebook and mobile technology applications has spawned an entirely new industry – dubbed the “App Economy” — that has added at least 182,000 new jobs and contributed more than $12.19 billion in wages and benefits to the U.S. economy this year, according to new research from the University of Maryland’s Robert H. Smith School of Business.

Two years back, Business Week published an article "Inside the App Economy", digging into the exploding popularity of small software programs people kept downloading on their mobile phones and using on social networks such as Facebook.

In the early days of Mafia Wars and Farmville, many dismissed the phenomenon. Today, they can't.

The white paper "Facebook App Economy" just published by Smith School's Center for Digital Innovation, Technology, and Strategy at the University of Maryland, gives numbers. According to their research, the App Economy has created more than 53,000 new jobs in software companies developing Facebook applications - in the United States alone.

In addition to spawning the growth of app developers, their success spreads out to companies supplying them with different kinds of services from financial, legal and public relations advisory to outsourced design and coding. With the effect of these included, the number of jobs created climbs up to between 182,000 and 235,000. Again, in the US alone.

In a global scale, there are no research results available as of yet. However, the crystal clear conclusion is that the Facebook platform and the App Economy are increasingly important drivers of economic growth. We're seeing similar buzz in the Aaltoes startup community in Helsinki, Finland: the App Economy is a key enabler for today's new businesses.

Mark Zuckerberg has done all of us a huge favor, far beyond that of being able to post status updates to our friends. Open platforms for global reach are what today's innovations need to spread.

Gamification is hot. So how gamified are you?

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Gamification is all over the place. Buzzword or not, the underlying fact holds true. We're all motivated by challenges, rewards and recognition. We all have trouble keeping up with routines that bring little or no visible results. We get excited for a reason, bored for a reason.

Gamification is defined on Wikipedia to work "by making technology more engaging, and by encouraging desired behaviors, taking advantage of humans' psychological predisposition to engage in gaming". The technique can be applied to pretty much everything. Which happens too: game mechanics are the core of apps like Foursquare and Gowalla (easy to see which one got me hooked), and just as much the core of the happy hour in the bar around the corner (meet you there).

The question that marketers, communicators and business leaders should be asking is how gamified are we? Does the way we design, package and promote our products and services appeal to our target groups' motivations? And more exactly: which specific game mechanics are likely to appeal to our specific target groups?

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(Chart: Determining Game-based Motivation Mechanics by Strategic Synergy)

Adding personality types and their typical motivations to game mechanics brings the discussion to a level that should get marketers and business leaders interested. Gamification is not just about games, and talking about it is not exclusively for geeks.

Gamification is about understanding why and how people act the way they do, and determining the implications to products and services, marketing and communications, and - ultimately - business strategy.

We're all playing games, all the time, whether we realize it or not. In his SXSWi keynote on The Game Layer, Seth Priebatsch didn't talk about games. He talked about schools. His point was that school is a game and it's broken: The grading system has replaced real rewards (learning) with fake rewards (grades) that may result in leveling down (grades falling) even though the person is really leveling up (learning new things). Hence the problems in motivation.

It's time to rethink business, marketing and public relations from a new perspective. If your business was a game, how appealing a game would it be?

 

Making sense of SXSW Interactive, lesson 101

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SXSW is big. Very big. Noisy. Confusing at times. Ultimately, way too much interesting content  to digest -- or even find -- at any given time.

Having participated in panels and talks for a couple of days, the big picture of South By South West (SXSW) Interactive conference in Austin, Texas is beginning to take shape. What we're experiencing is a flash forward to the business environment that will be a reality in a few years.

It's not about the coolest gadgets such as iPads and iPad2s used by a percentage of participants that would be deemed redicilous by anyone outside. It's not about being among the super duper group of  500+ people checked in on Foursquare in a single room.

Instead, SXSWi is about a more human, more personal and more context-aware business environment. It is about finding ways for brands to utilize technology as a means to interact with their audiences, utilizing game dynamics, to design paths for deeper engagement.

To ease interaction, every session has a specific # hashtag on Twitter. Check out these links to get a hang of some of the content I've found interesting:

#talkingcure - A touching session by Clay Shirky about the impact of social media.

#curatedebate - A debate that really was a debate, about the role of branded content.

#gamelayer - Keynote by Seth Priebatsch about the widening use of game mechanics.

#bvi - A talk by Jay Rosen about the future of journalism and the pressure from bloggers.

#scinfluence - A panel about finding influencers in specific areas and influencing them.

#overtweeting - A refreshingly interactive session about the limits of online participation.

#thankyouecon - The best talk I've ever heard, period. Valid views by Gary Vaynerchuck.

More to follow!

Extend your event in the social web: before, during, after and forever.

Social media is an extension to what happens face to face. Online discussions are a continuum to real life talks, laughs and sorrows. Not to mention the other way round.

A key achievement of social media – or key fault, depending of perspective – is that a decreasing number of events are limited to live participants. Whatever the event, there are pretty much always people in the audience who publish what they see and hear online, in real time.

For event organizers, social media users bring added value unforeseen just a few years ago. Thanks to social media, the events can now reach dramatically larger audiences than before.

Before the events, social media helps develop and spread interest online. During the events, social media distributes highlights and pulls in enriching questions and commentary. After the events, social media provides access to notes, feedback and interesting contacts.

The result? Increased visibility, stronger profile, new and improved relationships. Social media connects and engages people interested in the topics discussed at the events – social objects at the finest – both with each other and with the event organizers.

With few reasons left to not utilize the potential, event organizers need to put some serious thought into how they best leverage the will and ability of their audience to share their experiences. Follow these steps to extend your event in the social web:

1. Build an online presence for the event.

These days, if you’re not online, you hardly exist. Whatever the event, build a dedicated homepage for it. A simple web address with key facts and all the social feeds will do wonders. Use Posterous, Wordpress or one of the other blogging platforms. Focus on search engine optimized and well tagged content instead of purpose-built platforms and glossy design, and you’ll get there faster and cheaper.

2. Decide on the Twitter hashtag early, if not earlier.

On Twitter, # hashtags are the way to make events, causes and pretty much everything else searchable and findable. There’s just too much noise to succeed without one. Make sure it’s simple, intuitive and as short as possible. Begin using it early. If you’re planning on organizing more than one event, use one that fits for them all.

Following events via a Twitter stream works well when there's a couple of tweeters using the hashtag. With hundreds or thousands of people tweeting, the stream updates faster than anyone can read – try following #sxsw or #sxswi during the next few days and you’ll get the point. In case there are several parallel sessions, a different hashtag for each may do the trick.

3. Create an event on Facebook and Linkedin. 

Social platforms such as Facebook and Linkedin provide an ideal way to spread out invitations for several reasons. Provided that you’ve already built a network, you can reach your core group of people quickly, easily and free of charge.

The attending people are displayed on the event page. Most of them and many of the “maybes” will likely publish their participation in their profile, even share the event on their feed. Updates and more information reaches the signed-up participants – again – quickly, easily and free of charge.

4. Make sure the venue is visible on Foursquare (etc).

Foursquare, Gowalla, Facebook Places, Ditto and other location-sharing services are gaining popularity. This means people will likely check in at your event. Make sure the venue is clearly visible and profiled on Foursquare to help people check in the way you wish.

Confusion in selecting between several venues or having to create a new one almost always leads to badwill, whereas being somewhere trending may add to the pleasure of being part of the gang. Placing a tip or two for attendees checking in may bring you bonus commentary.

5. Provide live streaming, free wifi and electricity.

It’s really hard to attend every interesting event when you need to work too. Live streams are a perfect way of allowing people to join in remotely – while missing the atmosphere and networking, live streams allow access to the content without a need to travel, when simultaneously multitasking something else.

A key benefit of live streams is the significant effect on Twitter activity of non-attendees. Those following live streams generally sit at their keyboards, able to type in comments faster than those at the venue with their touch screens and varying connections.

Finally, remember the crucial importance of electricity and network coverage. By far the most efficient way of boosting the online presence of your event is to provide free high-quality WLAN connectivity, strong enough 3G coverage, AND ample power outlets to juice up smartphones, tablets and laptops.

6. Follow-up: Nurture the community you created.

Take time to go through the comments and updates posted during and after the event. Make contact, follow and friend people that participated. Make sure to publicly thank the active contributors. Share photos, notes, blog posts and do your best to activate follow-up discussions.

One of the biggest mistakes in social media is to think of events and activities as isolated campaigns. Don’t. Build a continuum instead, and you’ll find your influence getting stronger.

An extreme example of extending events in the social web is South by Southwest Interactive, taking place in Austin, Texas from 11th to 15th of March. I’ll be doing my share of on-location online reporting too: keep yourself updated by following these links:

Twitter updates by Juha Frey
SXSWi photos by Juha Frey on Flickr

SXSWi blog posts by Juha Frey
SXSWi stream on Twitter (very flooded)
SXSW stream on Twitter
(extremely flooded)

Small is the new black: In social media, thinking small is the fastest route to getting big.

If the number of fans or followers you have doesn’t tell us whether you’ve succeeded as a company, then what does it tell you? And if your CEO shouldn’t be worried about the number of wall posts you’ve generated, then who should be paying attention to this number?

Social media is measurement heaven. Anything you do – or anything anyone does really – is logged, tracked, and turned into shining graphs and impressive spreadsheets. Without intelligent analysis, the crunched numbers are of little value. Or worse: if read the wrong way, the numbers may be severely misleading.

The measurement and analysis model included in the new report Social Media Marketing Metrics That Matter by Nate Elliott, Principal Analyst at Forrester, promises to include the sought-after intelligence:

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Original photo and blog post: Which social media marketing metrics really matter (and to whom)?

Looking beyond the plain numbers in a one-size-fits-all format, the model clearly distinguishes the differences in perspective of community managers, marketers and executives, resulting in different metrics, tools and timeframes. 

In my view, there’s two key points worth highlighting:

1. The number of fans, friends and followers should not be the main focus or concern of neither marketers nor executives. Instead, they should be looking for ways to measure impact on branding, trial and sales.

2. There are goals and metrics to use in the first steps, and different goals and metrics to utilize further down the road. Without a strong enough effort to build community, there's little sense in measuring success based on sales leads or revenues. Quoting Scott Stratten, “every time you ask what the ROI of Twitter is, a kitten dies. And a unicorn.

The way I’m reading this, the model emphasizes the need to define the sought after victories in stages. In order to get a social media engagement initiative right in an organization, it’s imperative to not only set an inspiring faraway vision, but to place loads of small milestones to be reached on the way.

A key part of the beauty of social media is that no-one’s too small to be noted or too big to be approached. The big brands and influential people that used to pay little or no attention to Jane and Joe Average are suddenly reading and responding to their questions and comments – in the most public and viral way available today.

Why? Because a publicly shared opinion on a brand is a small victory to the brand. Because a publicly shared response by the brand is a small victory to both the brand and the one voicing the opinion. Every one of these small steps is a statement of the brand’s effort to listen and engage, contributing to all the three stages of the model above.

Go ahead and think big, just don’t forget that thinking small may be the fastest route to get there.

Who’s that on your profile? The real you or a glimpse of you?

“What seems particularly notable about the current moment is that many people are evolving their approach to expressing themselves online, and they now have many tools and contexts to do so. And it’s up to them if these multiple identities will be unified anywhere except in their heads.”

The social web's big new theme for 2011 is multiple identities, writes Liz Gannes, senior editor at NetworkEffect, and lines up excellent points for everyone to consider.

The bottom line is: with the growing number of social apps in use, it’s increasingly challenging to figure out where to share different sorts of content, and which services and accounts to link together.

In the recently published Finnish-language book Suhde, Christina Forsgård and I bring in our two cents by arguing that there are two key decisions that need to be made.

1. Choose the primary role for each profile: Personal, professional or business?

Understanding your goals and sticking with them is a crucial enabler to successfully mixing and matching different networks and accounts.

In our view, there are three key objectives to choose from:
- To interact with one’s close personal friends,
- To earn respect as an insightful professional in one’s field, or
- To promote one’s employer’s business.

A simple solution is to select the primary role by service. As for myself, I first aligned my Facebook account as private, my Twitter account as professional and my Linkedin account as business.

2. Draw lines to what is public and what is private in each role.

It’s easy to think of examples of content that would seem odd when shared with close friends. Similarly, it’s pretty intuitive to figure out how not to impress your professional and business contacts.

Considering the easiness of finding examples, the frequency of mishaps is puzzling. Yet another piece of news of an employee being fired over a Facebook update was published just yesterday – this time at Volvo in Sweden.

The key learning is that if you share something online, it is no longer private. It’s just one click by someone, somewhere – intentional or not – and boom, it’s all public.

Multiple profiles or a more complete you?

In the social web, things travel and services change. However great a plan, it’s likely to be outdated very soon.

I too quickly noticed that my initially selected roles for each service began to blur. As an entrepreneur working with social media, I found myself interacting with many of the same people and discussing about similar issues across every platform I used, and every new one I dug in.

As Liz Gannes wrote on All Things D, it is increasingly popular to create multiple profiles for different purposes and set up new profiles that are more focused for a specific purpose. The approach certainly brings a range of new opportunities. However, it also adds complicacy and increases risks of human errors.

In the book Suhde, we bring out the other side of the coin by arguing that partial convergence of different roles is highly positive: allowing business contacts to see a glimpse of your personal side adds to your appeal, while showing some of your professional interests and business doings may be very interesting to your closest friends. To be a more complete you.

The death of email as we know it - and rebirth as a personal social hub

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In the past, organizations supported collaboration through email and highly structured applications only. Today, social paradigms are converging with email, instant messaging and presence, creating new collaboration styles”, said Monica Basso, Gartner’s research vice president, at the Gartner Symposium/ITxpo 2010.

The big question here is how many organizations explore and utilize the new opportunities, and how many stick with playing defense?

As noted by Monica Basso, technology is an enabler, culture is a must. Similarly to other business applications, communication solutions only work if they are integrated in business processes. By far the best way to fail is to bring on another disparate application and expect employees to go out of their way to use it.

Social-enabled technologies carry a great promise for organizations. They turn information into commodity that is no longer scarce and siloed, but available to all, organized and personalized in ways that best suit everyone's individual needs and preferences. Power and influence result from sharing and not from withholding information.

When everyone in an organization has access to the bigger picture and the ability to flexibly organize the information flows in their personal social hub in ways that support their efficiency and productivity, the result is a leap towards meaningful work.

No longer are employees locked in their offices or cubicles doing their tiny part in a larger mission they struggle to remember; instead, everyone is able to see their role and effect in real-time, and gain motivation from smooth contacts with the people they interact with in the process.

All this by replacing email with social-enabled technologies? No. All this by re-thinking how work is organized, and by proactively utilizing the newly available tools to smooth out processes that stand in the way.

Worried about brand control in social media? Take a look in the mirror first.

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"Social is how we are increasingly learning about brands: 25 % of search results for the world's top 20 largest brands are now links to user generated content", writes Chris Perry on AdAge's Digital Next.

Worrying about losing control of brand identity because of random conversations in social media is common these days, and rightly so. Individual opinions and comments may reach surprisingly large audiences and suddenly appear on top of search results, despite all the efforts put into search engine optimization.

However, as Chris Perry points out, there's more to worry about, and closer. The race to be involved in every social platform and to create more and more campaigns and content to demonstrate engagement brings an increasing risk of inconsistency. The excitement easily leads to too much stuff, too many bells and whistles, posted on too many platforms. The larger the organization, the greater the risk.

It's not that campaigns are bad, or that presence in several platforms is harmful. The point is that the pieces need to fit together. It's important to plan using a framework - or a social architecture as labeled by Chris Perry - that ensures every activity plays a role in maintaining and building a consistent brand. What doesn't fit shouldn't be done.

Baffled by the number of social media gurus? Rate your advisors wisely.

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There's certainly no shortage of social media consultants these days. A crowd of self-appointed gurus on the left, old-school consultants with a modern twist and new glasses in the middle, inexperienced hipsters with trendy titles on the right. And lots more behind the scenes lurking.

Those in need of insight have an increasinly hard time measuring and comparing the skills and experience of potential advisors. The above Modern Marketing/PR Pro Fluency Matrix by Adam Singer provides a simplified yet insightful take on the challenge.

What's common and what's rare, what sorts of things prove someone’s savvy and someone else more like shameful?

Many of the points in the top right quadrant come down to personal presence and background, and rightly so. If you’re looking for advice on say entrepreneurship, what’s the value of talking to someone who’s never been an entrepreneur? They may know the theory and tell you what the best books say, but they haven't been in your shoes.

For advice on marketing, public relations and social media, you’ll need someone who is involved. Luckily it’s easy to measure and evaluate by searching and following how the potential advisors behave online.

Are they truly engaged, suspiciously inactive, or perhaps too active to have time to really help others? Do they follow and participate in multiple services and discussions, focus narrowly on a single platform, or blatantly broadcast their views across all available channels?

I'd suggest that it’s worthwhile for organizations to take a look at the graph, keep what's relevant for them and add what's important for their specific situation and need. Then proceed with finding the professional that has what it takes to get you to where you're headed.