While the current trend in all things social is demonstrating ROI (did Old Spice Increase sales etc?) There remains a lack of emphasis on actually executing well in social spaces with the assumption that this is simply where customers, consumers, employees etc. will go to seek information and interact. That's why I think Altimeter's recent report listing out 8 success criteria specific to marketing initiatives on Facebook is a breath of fresh air. I was fortunate to help inform the report as an ambassador for Edelman Digital, and was happy to see best practices featured from brands we work with such as AXE (client). That aside, the report is worth reviewing and digesting as it goes through the 8 criteria in depth backing it up with examples:
With the above criteria in place, Altimeter has drafted a simple framework for brands and organizations to keep in mind as they build out their digital embassies in the Facebook ecosystem. Using this criteria, Altimeter then selected a few brands to evaluate calling out specific best practices and areas for opportunity. Here's how the brands fared when compared with each other:
At minimum the report offers a few choice insights and examples of brands to look at and learn from while you are developing your strategies and tactics for this space. Specifics such as being inconsistent or not addressing angry comments serve as early indicators to learn from as companies develop their rules of engagement for Facebook and other digital embassies. While other studies focus on devising formulas that assign dollar values to Facebook connections, reports such as this offer a few high level guidelines for how to best navigate through social systems such as Facebook. Have a read and chime in. What are your best practices?