How Do Price Changes Affect Consumer Perceptions?
By Kara FinnertyJun 1
We recently sat down with Michoel Ogince, Director, Platform & Product Strategy at Big Fuel, an award winning marketing company. During our chat, we discussed the challenges businesses face in today’s social media landscape and how they can successfully overcome them.
Complexity! Back in the day Facebook was the only playing ground.
To add – there are security and risk management nightmares associated with each channel.
Furthermore to be successful in social, brands only needed to run owned and earned media campaigns.
Today paid media and its fusion with owned and earned is the primary
For large brands social is touching every part of the organization: marketing, corporate communications, digital, customer support, executive and IT. That’s making content strategy and management more challenging.
Global brands also have geo and language specific social channels – which means they need social monitoring systems with multilingual capabilities.
Channel governance also surfaces here: more employees (from more business units) accessing social channels increases the likelihood of channel hacks, inappropriate content publishing and other security risks.
Tough to narrow it down to one main value, but if I had to do so: The Command Center makes real-time and actionable data accessible, whether it be in the Command Center itself or remotely from a mobile device.
This data can then be used to inform both short and long term content strategy.
Furthermore – a Command Center that houses social, digital, sales, email marketing and other forms of data unites business teams and fosters collaboration around different digital channels.
Absolutely! Social touches every part of a corporate entity and integrating data from other sources optimizes marketing strategy.
For example: for a retail brand, aligning foot-traffic and sales data with social can define the ROI of a social campaign and plan for subsequent campaigns.
Critical metrics, in real-time and at anytime can only change the attitudes of the C-suite for the better!
No spreadsheets, complicated workflows or PDF’s to storify data, just the right metrics across owned, earned and paid via the Command Center visualizations.
Alot! First up is a business plan – which needs to answer what is the purpose of the Command Center?
Examples include: customer care, real-time engagement, a catalyst for owned content creation, competitive benchmarking and paid media strategy.
Other factors that need to be considered include: end-users (business units that need to access the Command Center), mobile access (iOS, Android and browser based) and building the Command Center from the ground up so it can accommodate additional data sources in the future.
From the perspective of the technology build, most Command Centers are fragmented. There are usually two main pieces: the data source(s) and the visualizations, and there are two challenges with a build like this:
In contrast Brandwatch’s social listening tool feeds the visualizations. The entire system exists under one ‘house.’
Beyond overcoming the aforementioned challenges, what’s really awesome here is: any advancement in the listening platform can automatically be pushed to existing or new visualizations.
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