Monday, August 17, 2009

Where Does Social Media Fit?

As many have concluded before, the use of social media as a stand-alone strategy will not be as effective as the use of social media as part of an integrated effort. As I reflect on the role of social media on building better, more profitable channel relationships, I think that it plays an important role in the beginning and at the end of the process. A high level view of the process would look something like the graphic on the left.

Data is collected, organized, and analyzed at the beginning of the process. Data can be quantitative (ie. POS information) or qualitative. It is important for organizations to review and stay abreast of the discussions happening in the social media realm about your company. LinkedIn, Twitter, Facebook, and others are places where there is tremendous amount of discussions happening everyday about your company, your competition, and your industry. This can be invaluable and timely qualitative information that should included in the early stages of your channel marketing process.

Finally, once you have used the data to identify an opportunity, followed your development process diligently, and created your content, it is now your job to engage your partners. Using traditional communication vehicles like email, portals, and newsletters should be part of the communication mix, but these are typically pushed (intrusive) methodologies. Your ability to truly engage and have conversations with your audience will come in with more “synchronous” communication methods. Obviously, anytime that you can engage in person with your customer the better, however this can be time consuming and expensive. The use of social media will enable you to engage your partners more quickly and through your trusted network. Social media will also give the added benefit of exponential reach that a face-to-face discussion will not offer.

Social media should play an increasingly important role of both your channel marketing strategy and the tactical execution.

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