By Lance Concannon, UK social media lead at Text 100

Speak to any senior corporate comms exec about the barriers that prevent them from using social media more in their organisation, and I guarantee that the issue of ‘risk’ will usually come close to the top of the list. This raises a couple of questions; what exactly are the risks posed by social media, and how can we negate, or at least mitigate, them?

What if people say bad things about our brand?

People often think that creating social media channels for the brand will add fuel to the fire of criticism, but that really doesn’t make any sense. Almost all brands have detractors, and social media makes it easier than ever for those detractors to share their opinions online and there’s not a lot you can do to stop that.

By participating in social media itself, your brand can at least provide those detractors with the opportunity to come to you with their grievances so that they can be dealt with in a constructive manner. If people are going to say bad things about your company, wouldn’t it be better for them to say those things in a place which you can easily monitor and manage, rather than some other website where you have absolutely no control?
So in this instance, social media does not introduce risk, but enables businesses to manage risk which already exists.

What if our own people run out of control?

In most large organisations there’s a very good chance that employees are already talking about the company in social media in either a semi-official or completely unsanctioned manner. Maybe they’ve set up social media profiles for the brand under their own steam with the best of intentions but haven’t coordinated this activity with the comms department and are not following best practice.

Or maybe disgruntled are employees complaining about the company in channels like Twitter, blogs, Facebook and discussion forums. Perhaps others are trying to be helpful by responding to consumer comments online, but they’re sharing incorrect information or using the wrong messaging.

You manage all of this through robust policies and training.

First of all ensure that you have clear policies in place for how staff are allowed to discuss the company and their jobs in social media; publish guidelines that enable and encourage staff to participate in these channels, but make the boundaries clear and explain why those boundaries have to exist. It should go without saying but you need to make sure that all staff are aware of the guidelines, from the interns all the way up to the directors.

Within any organisation there are going to be social champions – the kind of people who have a natural urge to go online and talk about the business and their work. Find out who these people are, because they are a powerful asset, and give them the training and encouragement they need to act as online brand ambassadors.

What if we get it wrong and end up with egg on our faces?

This fear is not completely without foundation. For all the talk of businesses needing to ‘take risks and experiment’ in social media, the industry loves to trumpet stories about big brands getting social media wrong. If experimentation and risk taking is to be encouraged, then perhaps it wouldn’t hurt to be a little more supportive when brands make mistakes in these channels.

The simple truth is that even with the best intentions, sometime marketing campaigns and comms activities in social media can go awry in ways you hadn’t anticipated. This risk can be mitigated by careful planning and research; read case studies and learn from the experience of others to find out what’s worked well and what’s gone wrong in the past.

When you’ve planned out your activity, spend some time trying to pull it apart and pick holes in it. What could go wrong, how could people derail or hijack it, why might it fail? Obviously you can’t predict all potential outcomes, but at least if you’ve already thought about possibilities, no matter how improbable, you can be better prepared in case things don’t go as planned.

If possible, work with an agency which has plenty of experience in social media activity – but before you sign a contract, make sure you check their credentials to see if they’re really up to the task.

While there are certainly some risks involved in using social media as a communications platform for your business, they are far outweighed by the potential benefits. The biggest risk of social media is being left behind by your competitors if you fail to take advantage of the opportunities it offers.

About the Author
Lance is the social media lead for Text 100 UK, where he focuses on helping clients to build better relationships with their audiences through digital and social media channels.

He has worked in digital PR since 2005, developing and executing social media communications activities for world leading brands such as IBM, AMD, Sony Electronics, and Oracle. Prior to this he worked as a technology journalist for over a decade, most recently contributing to Internet Magazine at EMAP as the title’s technical editor for four years.

Lance contributes to the Text 100 UK blog and Text 100 Hypertext blog  discussing emerging and mainstream communications trends and how they are being embraced, challenged and championed. You can also follow Lance on Twitter here.

Companies in the social media space are constantly looking for advice and new ways that they can make sure their efforts in the space are working. While there are no definitive answers, as every company’s goals will require different methods of showing success, there are a few tips that can be followed for guidelines along the way

The following is 10 tips that I’ve learned from the fantastic community that participates in #SMmeasure. #SMmeasure started off as a weekly Twitter chat that I’m fortunate to host. It has since turned into a community that shares interesting articles and ideas throughout the week, but still gather to chat for an hour every Thursday at noon(EST)/9am(PST). This list is the second part in this series. If you missed part one, be sure to check out our first 10 tips learned through #SMmeausre here.

Choose What Social Media Metrics to Measure

11.Friends/Fans/Followers – it’s great that you have people who want to follow your account(s). Without them, no one would hear what you have to say. However, don’t place too much emphasis on this number. Sometimes having a lower number of friends/fans/followers who are more engaged can be better than a large amount of uninterested and unengaged people.

12.Soft metrics – depending on your goals for being in social media there are a lot of non-traditional metrics that your organization may be interested in tracking such as response time, response percentage (how many people spoke to us that we responded to), customer satisfaction and many others.

Make Your Social Media Metrics Easily Digestible

13. Show trending in your metrics.  Not only does it help your case to show before and after social media, but you can use graphs to visually present the data.

14.Use ratios in your data to compare your social media metrics to other campaigns.  Are you converting 0.5% of your social media traffic while you convert 0.25% of your organic search traffic?

15.Show context in your numbers.  Compare what your social media efforts are doing compared to other campaigns.  Use benchmarks with your industry, competitors, or start internally.

Learn from Your measurement Analytics

16.Re-evaluate your social media measurement objectives preferably every quarter.  Don’t be afraid to adjust for the following quarter.

17.Gathering your social media measurement metrics isn’t the end of your measurement responsibilities.  Analyze the benchmarks you have created, evaluate the data you have gathered, look at trending, and revise your processes.  Always work on improving your goals and objectives.

18.Turn your data into action item – did you notice in your data that

things weren’t going exactly as you planned? That may mean it’s time to change up a few things in your plan. Did certain content get a much larger response than others? Perhaps you should focus more content around that subject.

Read, Review, and Adopt Best Practices

19. Social media measurement is an evolving aspect of social media.  However, there are many case studies available that outline best practices.  Read and review social media case studies and then adopt best practices that you can apply to your business

20. #SMmeasure – social media is a great place to learn from others and being part of a community like #SMmeasure is a great way to keep up to date on new and best practices (Yes, this last one was a shameless plug, but we want to make sure that you all come back time and time again).

The Sixdegrees team are very excited about the launch of our new events blog.

We will be keeping you up to date on all our new event developments in the lead up to our Social Media World Forum, Social TV & Cloud Computing events.

The team are looking forward to welcoming you all to our events in 2010 – our next stop will be London on the 15th & 16th March at the Olympia Conference Centre.

In the meantime if you have any questions or would like further details on sponsorship, exhibiting or speaking at one of our events please do not hesitate to contact us.

The events team have been busy behind the scenes looking at the structure of our events and how we can bring you, our audience, the most value from attending the events.

Social Media World Forum, Social TV World Forum & Cloud Computing Congress events will now be a platform to bring together all sectors from across these dynamic industry under one roof at the same time for unique networking opportunities.

The events will take place over two days with the four main conference streams focusing on:

·    Social Media
·    Social TV
·    Enterprise Social Media
·    Cloud Computing

An exhibition with over 40+ stands will have representatives from all these sectors within one central area, maximising networking potential.

Our exhibition is free to attend, with a number of conference pass options to suit your individual requirements.   Full conference pass holders will also be invited to our official networking party on the evening of the 15th March.

The Social Media Series portfolio of events for 2010 will include:

·    London – 15th & 16th March
·    North American – June
·    Asia – September

Register today for our London events and take advantage of our early bird savings.

If you would like to get involved in the event, please contact the events team