Sunday, November 25, 2012

Likeable Media Facebook Case Study (Draft)



Likeable Media is a social media and word of mouth marketing firm. Headquartered in New York City, it was founded in 2007 under the name of K Buzz. Likeable Media has worked with over 200 brands and is recognized as one of Facebook top preferred developer consultants. (The Resumator, 2011) Likeable Media mission is: “to leverage social media and word of mouth marketing to create transparent, engaged, responsive, likeable companies, organizations and governments. To build a more likeable world” (Likeable Media, 2012). Likeable Media achieves their mission by providing several services that can enhance the marketing presence of their clients; services such as personalized social media management, providing social media audits for their clients, develop social media driven ads and finally providing corporate training for their clients to take control of their social media presence. As a marketing firm that was founded on the value of using social media as a driver for success, the firm feels that it is important to use different forms of social media in order to drive consumer engagement for their clients. One tool that Likeable Media uses in order to achieve this engagement is Facebook. Throughout this case study I will explore Likeable Media Facebook Strategies and how they use Facebook for both their business purposes and for building marketing strategies for their clientele.


As Brian Murray, Director of Talent at Likeable Media, once told me in an interview, “our business is social media and Facebook is just one of our tools” (Murray, 2012). Likeable Media uses Facebook in two ways. The first is to engage the general public and the second is to integrate Facebook into their clientele marketing strategies. As a tool for helping Likeable engage with the general public the firm has developed four Facebook pages: Likeable Media (Likeable Media, 2012), Likeable Russia (Likeable Russia, 2012), Likeable Istanbul (Likeable Istanbul, 2012) and Likeable Local (Likeable Media Local, 2011). These pages have several objectives; the first is that they promote the brand image of Likeable giving users the ability to learn about the firm from just the actual Facebook page itself, the second is to give users and fans free knowledge tools about social media; on how they can leverage the power of social media in their lives and in their businesses. For example: just a few days ago, the brand posted a status and link on their Likeable Media (USA) page about Who’s more valuable to your brand – influencers or average users. Three out of the four pages of Likeable are centered in the United States, Russia and Istanbul, Turkey. This was done to replicate the global locations of the business as well. The last page Likeable Local was designed specifically for a new service that Likeable Media will be promoting in the next couple of months, “Likeable Local”. A service designed for small businesses and vertical markets.

            When used as a tool for integration into Clientele marketing strategies.  Facebook is considered as the primary tool when developing their strategies. In a presentation for McGraw Hill, Likeable Media CEO Dave Kerpen discusses the Facebook strategies they want to implement for their clients; the typical strategy here is to: (Kerpen, 2012)

1.      Bring awareness and education of a brand

2.      Drive people to be engaged online with the brand by providing offerings

3.      Push them to act (ie. Purchases)

4.      Repeat the process (offerings à Engagement à Repeat)

An example of how this model works can be seen through one of Likeable Client: Things Remembered. Things Remembered is the nation’s largest retailer of personalized gifts. (Things Remembered, 2012). According to Things Remembered, “based on existing data, (they) found that early engagement was essential in increasing the lifetime value of their customers.” The company at that point wanted to target brides to be, citing that the aspect of wedding planning is a significant experience for women and men, even to the point where planning for a wedding begins through Facebook posts. So in order to reach out to these couples, Things Remembered and Likeable developed an exclusive summer event for engaged couples at a few local stores. “Attendees received a free personalized gift, a private shopping experience, and expert advice by simply showing their “engaged” Facebook status via their smartphones or a print-out.” (Likeable Media, 2012). As a result of this Things Remembered was able to determine that individuals who attended these events became repeat customers, averaging out an additional $44.08 more in additional sales per person and a determined 670% ROI.


            Likeable Media (Corporate) Facebook strategy is geared towards presenting the company as a firm that has superior expert power in the field of social media, (defining them as the expert in social media engagement). Every 8 out of 10 posts on Likeable’s Social Media pages relate directly with providing tips for the best practices in Social Media. When examining the strengths of their strategy, they are several things that should be pointed out. First, Likeable Media Facebook Pages offers an amazing amount of engaging content. From articles, videos/photos, a place to leave recommendations and even links to job opportunities, if you want to learn about Social Media their Facebook page offers some great resources. Second, The page is well staffed to the point where the admins of their page directly engage others; offering feedback, comments and even complements. Finally, the content on the page develops a certain brand identity, for example any facts provided by the company are always in orange and most content on their page comes from their company’s blog.

            Likeable Media Facebook also has some weaknesses. The first is that don’t provide engaging content on their pages that relate to clients. The most that you see on their main Facebook pages about their clients are under the “Likes” portion of the page.  Likeable Media likes their client’s pages but doesn’t post anything about their success stories. In this case, many people may not even know what Likeable is actually doing. The other two weaknesses relate to Likeable Local and the marketing of that service, I especially wanted to point out this because it appears that Likeable is trying to corner the small business market with this new service. The problem however is that their Likeable Local Page is a virtual ghost town, there is no content on the Page. The final thing is that there is no discussion on the other active Facebook pages on what Likeable Local will be moving forward, there is no real buzz.

            As for Likeable Media Clientele Facebook Strategy, it would be difficult to go into every single strategy they have implemented over the years. Therefore I will examine their overall strategic approach. When we examine their strengths, the firm has done a great job in applying engagement tools for their clients and has apply tools that are directly related to their client’s mission and goals. In the example of Things Remembered the company applied this method with engaged couples and it worked well. When it comes to weaknesses it’s hard to determine that fairly without a full analysis of a good portion of their clients. My recommendation, however, will not discuss enhancing this part of their Facebook strategy but will rather discuss how these two Facebook strategies can be linked together into one overall strategy.


            As mentioned before, it appears that Likeable has defined two separate strategic ways in which Facebook is used within their company. In my opinion, however, the goal should be to link both strategies together. Linking their strategies together would mean that engagement tools that were successful with their clientele could carry over in promoting the brand and the services of Likeable Local. I believe this can be done through applying some changes to the current Facebook pages, these changes are centered around “marketing Likeable on other pages” and “defining what is Likeable Local”. The following are my recommendations:



1.      Define “Likeable Local” – the definition provided on the Likeable Local page is that it is a “Facebook marketing solution for small businesses and vertical markets”. The Facebook page shouldn’t remain blank. Even if the company hasn’t fully figured out the entire process. The page should have content that could define some of the things the new service will provide toward small businesses.

2.      Market Likeable Local on the Likeable Media (USA) page – once content has been generated, promote the service on the Likeable Media USA Page. This could generate a buzz in the service.

3.      Feature your Client’s Success Stories – promote as status updates: clients success. Give users the ability to understand the value of social media through hearing the success of other companies.

4.      Develop cross marketing relationships with your clients – at the present moment Likeable is strategically focused on separating brands and gearing their strategies to their client’s needs. But perhaps it would be beneficial for Likeable if many of their clients  generate content that promotes Likeable. Such as posting a status about Likeable on their Facebook pages.


            Likeable Facebook Strategies are geared towards two distinct groups, the individual and the organized company. Therefore their strategies are vastly different since they target different groups. In the future however I think Likeable needs to focus more on the small business. It is therefore important that they develop a strategy that plays on the strengths with their current clients and within their personal Facebook community. By developing a strategy that is centered in driving fans from other corporate sites to the Likeable media Facebook pages, we hoping that this reverse flow of engagement can help enhance Likeable Media business.


 



Works Cited



Digital Buzz Blog. (2011, January 18). Facebook Statistics, Stats & Facts 2011 | Digital Buzz Blog. Retrieved November 10, 2012, from Digital Buzz Blog Web site: http://www.digitalbuzzblog.com/facebook-statistics-stats-facts-2011/


Kerpen, D. (2012, October). Why It Pays to Be Likeable (McGraw-Hill, Oct. 2012). Retrieved November 1, 2012, from SlideShare: http://www.slideshare.net/davekerpen/why-it-pays-to-be-likeable-mcgrawhill-oct-2012


Likeable Istanbul. (2012). Likeable Istanbul. Retrieved November 12, 2012, from Likeable Istanbul Facebook: https://www.facebook.com/likeableistanbul?ref=ts&fref=ts


Likeable Media. (2012). Likeable Media. Retrieved November 12, 2012, from Likeable Media Facebook: https://www.facebook.com/LikeableMedia?ref=ts&fref=ts


Likeable Media. (2012, November). Our Story | Likeable Media. Retrieved November 13, 2012, from Likeable Media Web site: http://www.likeable.com/about-us/our-story/


Likeable Media. (2012). Things Remembered Likeable. Retrieved November 10, 2012, from Likeable Media: http://www.likeable.com/case_study/things-remembered/


Likeable Media Local. (2012, May 10). Likeable Media Local. Retrieved November 10, 2012, from https://www.facebook.com/likeablelocal?fref=ts


Likeable Russia. (2012). Likeable Russia. Retrieved November 12, 2012, from Likeable Russia: https://www.facebook.com/pages/Likeable-Russia/416019358446250?fref=ts


Murray, B. (2012, April 1). Internship Interview for Likeable Media. (K. James, Interviewer)


The Resumator. (2011). The Resumator. Retrieved November 10, 2012, from The Resumator Web site: http://www.theresumator.com/case-studies/cs_likeable.pdf


Things Remembered. (2012, November). About Things Remembered. Retrieved November 10, 2012, from http://www.thingsremembered.com/custserv/custserv.jsp?pageName=About