Social Media, the often talked about and yet still very gray and fuzzy area. Wikipedia defines Social Media as follows:
So, using wikipedia, a form of social media, to define social media. Hmmmm...
This is a very broad definition and many things will fall underneath this definition. What should marketers do about social media? The first step is to add some segmentation to the definition.
I would categorize social media into 3 areas:
- Controlled Social Media: This is sponsored content within your own domain. This includes content that is sponsored by the company (site owner) such as interactive customer reviews on your own website, company blogs, etc.You can oversee and moderate this type of environment.
- Sponsored Social Media: This is sponsored content outside your domain. A company Facebook, Twitter page, YouTube channel, or a LinkedIn group are good examples. You are in control of the messages in this segment of social media.
- Viral Social Media: This is non-sponsored content outside your domain. This is the category that keeps us all up at night--the comments and blog posts people are making about us and the discussions that our customers are having about us They are having them everywhere and we have no control over what is being said and what is being read. We can try to monitor it, but we cannot control it.
The Controlled Social Media segment and the Sponsored Social Media segment are marketing driven. Some efforts have been successful and although we have better ways to measure and manage these segments, many are still struggling to understand the value and impact these efforts have.
The Viral Social Media segment is out of our control. Some have figured out how to monitor it and some have figured out how to count it. But very few have figured out how to measure the impact it has and the value it provides us.
It is important as you move more down the social media path, you understand the difference between the three segments and adjust your plans, objectives and measurements to take into account all three segments.
Social media is a phrase being tossed around a lot these days, but it can sometimes be difficult to answer the question of what is social media. If MySpace is a social media site, and Mag.nolia is a social media site, and Wikipedia is a social media site, then just what is social media?
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The best way to define social media is to break it down. Media is an instrument on communication, like a newspaper or a radio, so social media would be a social instrument of communication.
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Social media are primarily Internet- and mobile-based tools for sharing and discussing information among human beings.The term most often refers to activities that integrate technology, telecommunications and social interaction, and the construction of words, pictures, videos and audio.
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But social news is not the same thing as social media anymore than a banana is the same thing as fruit. A banana is a type of fruit, but fruit can also be grapes, strawberries, or lemons. And while social news is social media, social networking and wikis are also social media.
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According to a recent study by Bain & Co., while India makes up just 0.4 percent of global luxury good sales, the market is growing at 25 percent a year. There are 1.5 million households in India who can afford luxury goods, compared with 1.6 million households in China, according to McKinsey.
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Social Media news blog covering cool new websites and social networks: Facebook, Google, Twitter, MySpace and YouTube.
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There are 1.5 million households in India who can afford luxury goods, compared with 1.6 million households in China, according to McKinsey.
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Social Media Optimization is the methodization of social media activity with the intent of attracting unique visitors to website content. SMO is one of two online methods of website optimization; the other method is search engine optimization or SEO.
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Social media are primarily Internet based and mobile tools for sharing and discussing information among human beings.The term most often refers to activities that integrate technology, telecommunications and social interaction, and the construction of words, images, video and audio.
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The best way to define social media is to degrade. The media is a communication tool, like a newspaper or radio, the media what would be an instrument of social communication.
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But the news is not the same social media to social rather than a banana is the same as fruit. A banana is a type of fruit, but fruit can also be grapes, strawberries, or lemons.
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A company Facebook, Twitter page, YouTube channel, or group of LinkedIn are good examples.
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