Venture Chronicles » Social Media http://jeffnolan.com/wp Jeff Nolan's take on innovation, entrepreneurship, tech and stuff that interests me Wed, 16 May 2012 15:46:26 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Link Post (weekly) http://jeffnolan.com/wp/2012/04/07/link-post-weekly-30/ http://jeffnolan.com/wp/2012/04/07/link-post-weekly-30/#comments Sun, 08 Apr 2012 00:39:32 +0000 Jeff http://jeffnolan.com/wp/?p=4378 Is Facebook a Worthy Social CRM? tags: blog facebook What the Betamax Case Teaches Us About Readability | Mike Industries tags: blog readability Making Your Users Happy: The Business Tools We Use | Alfred App – Mac OS X Quicklaunch Application tags: blog get satisfaction Larry Summers and the Technology of Money – Technology Review [...]]]>

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Posted from Diigo. The rest of my favorite links are here.

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]]> http://jeffnolan.com/wp/2012/02/12/link-post-weekly-25/feed/ 0 Hitching Your Boat to Customer Advocacy http://jeffnolan.com/wp/2012/02/03/hitching-your-boat-to-customer-advocacy/ http://jeffnolan.com/wp/2012/02/03/hitching-your-boat-to-customer-advocacy/#comments Fri, 03 Feb 2012 16:47:55 +0000 Jeff http://jeffnolan.com/wp/?p=4308 I recently wrote about how McDonald’s and RIM had flamed out with their #hashtag campaigns on Twitter. Not pretty. However, I admit that I am somewhat conflicted about this because I completely subscribe to the notion that customer advocacy will drive successful companies to sustainable competitive leadership. Gone are the days when a company could [...]]]>

I recently wrote about how McDonald’s and RIM had flamed out with their #hashtag campaigns on Twitter. Not pretty.

However, I admit that I am somewhat conflicted about this because I completely subscribe to the notion that customer advocacy will drive successful companies to sustainable competitive leadership. Gone are the days when a company could rely on IT investments for productivity enhancements and supply chain management for lower cost of goods; those things are still necessary but they are also commoditized, your competitors can make the same backoffice investments and the effect will be nullification of any advantage you previously enjoyed.

Institutions of all stripes are at a crossroads when it comes to how they take advantage of the goodwill that is extended to them by customers who are happy with them. The old way would be for the company to productize customer testimonial and package it up through traditional channels… the problem is that this is like going to a zoo that features puppets and animatronics instead of actual animals. Customer testimonials don’t work because they are not believable, customers have figured out the game and aren’t playing along.

Esurance is doing something that is really worth watching, they have built an advertising campaign that comes down to a simple message, “go to our Facebook fan page and see for yourself”. They let it all roll out in, apparently, an unmoderated format and the effect is that the negative comments actually amplify the positive comments.

I like this a lot, no pun intended.

]]> http://jeffnolan.com/wp/2012/02/03/hitching-your-boat-to-customer-advocacy/feed/ 0 Put Down the #Hashtag Campaign http://jeffnolan.com/wp/2012/01/31/put-down-the-hashtag-campaign/ http://jeffnolan.com/wp/2012/01/31/put-down-the-hashtag-campaign/#comments Tue, 31 Jan 2012 20:42:11 +0000 Jeff http://jeffnolan.com/wp/?p=4302 McDonald’s recently had to endure the ignominy of a Twitter hashtag campaign that was hijacked for the purpose of highlighting what people don’t like about the Golden Arches. The #McDStories campaign blew up and even after McDonald’s tried to shut it down the hashtag lived on for days. Today we have RIM, the company that [...]]]>

McDonald’s recently had to endure the ignominy of a Twitter hashtag campaign that was hijacked for the purpose of highlighting what people don’t like about the Golden Arches. The #McDStories campaign blew up and even after McDonald’s tried to shut it down the hashtag lived on for days.

Today we have RIM, the company that can do no right… #BeBold is proving to be yet another lesson in why your company should not try to co-opt Twitter in an organized fashion unless you are absolutely certain that people love your brand.

RIM has denied that this is an ad campaign in a blog post that features a string of less than encouraging comments… which will be my next blog post, titled “turn off commenting if people don’t love your brand and you don’t care”.

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