Real-time marketing isn't necessarily new, but Oreo's blackout ad at this year's Super Bowl highlighted the power of this strategy. Marketers are now scrambling to understand how they can integrate it into their marketing mix. In fact, 53% of marketers say they plan to make greater use of real-time data in their 2013 marketing campaigns (Infogroup and Yesmail, 2013).
And there is good reason to take notice: Regardless of product or category, marketers who engage in real-time marketing can expect a 21% increase in positive brand perceptions and 18% increase in likelihood to buy (Golin Harris).
Real-time is not some marketing fad, but a natural progression of social media marketing and a great way for marketers to capitalize on the immense volume of social conversations. And a key part of unlocking the potential of real-time marketing is implementing social analytics that can help guide your media strategies.
Here are a few tips to get started.
Measuring and Using Data
Establish a baseline
Real-time marketing is all about tapping into the excitement around an event or cultural experience. If you are planning something around an upcoming event, start tracking the social conversations in the weeks leading up to it. You will gain a sense of the conversation volume, which will make it easier to identify spikes in conversations and interest. You can also start to uncover the hot topics within the community so that you have time to research them and be poised to respond quickly during the actual event.
Know your audience
You can start to inform your real-time strategy by identifying and getting to know who is driving the conversation around a topic or event. As you start to understand your various audience segments, you can determine whether a one-to-one or one-to-many approach is warranted.
For example, are people all reacting to a big event (as they did during the blackout at the Super Bowl), where one message can address the general sentiment being expressed? Or are people reacting with their own unique questions that require a more tailored response (like the Old Spice campaign, where Mustafa responded to questions asked by fans on Twitter)?
Tap into the larger conversation
What makes real-time marketing different from other strategies is that the content is based on an audience's reaction to something as it happens. Accordingly, you should look beyond just your campaign hashtag and Tweets to see what else people are talking about. After you have a sense of what is resonating with your target audience, see whether there are other hashtags or topics that are appropriate to use to participate in the conversation.
Making Real-Time Marketing Work
Remove the hierarchy
There is no room for a strict organizational approval process in real-time marketing; it could be your greatest hindrance in deploying a program. Real-time marketing will be most effective if you empower employees or your agency to make creative decisions on the fly. The reason Oreo was able to make an impact during the Super Bowl was that the agency running its campaign had free rein to create and approve content. This type of swift movement allowed Oreo to be part of the conversation as it was happening.
It takes time to build that level of trust in employees and partners, so start putting a structure in place for it now, so that when the time comes you are well-positioned to take advantage of an event in real time.
Create customer-centric content
Make sure that your customers are at the center of any content you develop for this campaign. Real-time marketing isn't any different from any other marketing effort, so think about what matters to your customers and create content that includes that.
The Hollywood Foreign Press Association (HFPA) made fans an active participant in its real-time social media efforts during the Golden Globe Awards earlier this year. Since the red carpet is one of the most popular parts of the night, the HFPA wanted to capitalize on it and find ways to include fans in the event. Prior to the show, it asked Twitter followers to tweet who they wanted to see on the red carpet with the hashtag #GlobesCarpet. On the day of the show, the HFPA made sure to post photos of celebrities their fans and followers had requested.
Don't be late
Focus on real-time marketing and not just-a-little-bit-later marketing. If you cannot capitalize on an event or cultural meme at the right time, you risk looking outdated and out of touch. For example, Gangnam Style may have been widely popular in the summer of 2012, but the song was pretty old news by 2013. So when Wonderful Pistachios revealed its Super Bowl campaign "Crackin' Style" set to the tune of Gangnam Style, it felt stale and tired.
Don't sacrifice ingenuity for speed
Real-time marketing isn't only about speed. Brands still must maintain a sense of authentic identity and post appropriate messages. Don't insert yourself into a conversation if it doesn't reflect your brand personality or isn't relevant to your customers.
For example, Stella Artois decided to latch onto this year's Oscars and produced a series of tweets that featured the winners' names on a frosty glass of beer. Sure, Stella nailed the timing, but what did this campaign do to build brand equity? It didn't really add any value to the conversation, and it seemed at odds with its core customer base.
Don't exploit a tragedy
It might seem common sense not to exploit disasters or other devastating current events, but someone invariably takes it too far in an effort to react in real time. A recent case of real-time marketing gone wrong was when Epicurious jumped on the Boston Marathon bombing and suggested we "honor" the city by making scones.
Tragedies are not the time to test your real-time marketing strategies: Either don't do anything at all, or post a simple and thoughtful message of support for the victims.
Continue reading "Unlock the Potential of Real-Time Marketing" ... Read the full article
MarketingProfs provides thousands of marketing resources, entirely free!
Simply subscribe to our newsletter and get instant access to how-to articles, guides, webinars and more for nada, nothing, zip, zilch, on the house...delivered right to your inbox! MarketingProfs is the largest marketing community in the world, and we are here to help you be a better marketer.
You may like these other MarketingProfs articles related to Marketing Strategy: