(or, Why Your Organization Needs Social Media)
Last week, I identified buy-in as one of the four biggest barriers to change in inspiring institutions to embrace social strategies. And it makes sense that this is a barrier for change; why should an institution invest time and energy into social media if they aren’t aware of the benefits? The good news is that buy-in is a breakable barrier.
Buy-in is important on all levels when transitioning an organization to take on social strategies and online communications. The formula for change addresses important elements in tackling employee and colleague buy-in. However, for many marketing and communications directors with their pulse on social technology, the real obstacle is obtaining buy-in from the head-hanchos. That’s not always easy. In fact, some of the best ideas about social strategies are bound to come from employees working with visitors on the ground because it’s been found that, when it comes to large scale-change (like catching onto the social media revolution), the front-line folks see it first.
Here’s the bottom line: Social media contributes to both of your organization’s bottom lines. That is, (1) the economic needs of the institution, and (2) the social mission to inspire and educate.
1) Social media helps keep the lights on in a big way:
- Word of mouth marketing through social media and earned media are worth more than paid advertising efforts. Marketers may be familiar with the Bass Model. This model is based upon the coefficient of innovation (paid advertising and marketing) and the coefficient of imitation (word of mouth marketing, including social and earned media). According to the model, the initial sale of something depends on the number of people interested in the product (innovation). However, later sales are dependent upon the number of folks drawn to the product after seeing their friends and acquaintances use it (imitation). In the theory, innovation (q) has a value that is often less than 0.01, while imitation (p) has been found to have a value between 0.3 and 0.5. In other words, word of mouth marketing is over ten times more important than paid advertising in terms of driving sales.
- Social media contributes to your brand’s reputation, and reputation is a main driver of attendance. Studies have shown that online communities are increasingly important for brand management and are often more important than your website. You likely wouldn’t think of taking down your website because it’s one of the best ways for potential visitors to learn about the organization. However, social media and online interactions are stealing this spotlight, and it’s worth investing time and money in these social endeavours. Moreover, social media enhances reputation because it increases the perceived value of a product.
Social media increases your word-of-mouth reputation, garnering attention and inspiring visitation. Thus, social media increases attendance (and donations). It does this in two, important and related ways:
- By creating connections that are unique to your institution. Social media provides the opportunity to create a personality for the organization and connect to individuals on a personal level. Because social media platforms are (should be!) always in seemingly-transparent dialogue with fans and followers, these potential visitors have constant sneak peeks into operations. Social media allows folks to feel like insiders who are personally connected to museum happenings. This makes your institution unique to individuals and not “just another visitor-serving organization.” Instead of just a place to see a generic X (say, an original manuscript). It makes that generic X meaningful, and your museum is the only place in which that particular entity exists.
- By securing earned media. Earned media is a gold star in the world of word of mouth marketing. Earned media is media that your institution does not pay for. For instance, a mommy blogger writing a blog post about her terrific day at the museum is earned media. It is a high-propensity visitor sharing his/her experiences with their network, who are also likely to be the kind of high-propensity visitors that your organization is targeting. In the mommy blogger example, this free agent is spreading the museum’s message on her blog, and her blog is likely read by other mommy bloggers, increasing the odds of securing visitors. But not all earned media is organic and spread by visitors. Social media also helps put operations in front of members of the media who may contribute to earned media by writing or reporting about the organization. Here’s a related little tip: thank your free evangelists.
By these same processes, social media aids in building and igniting donor relationships. As every fundraiser knows, building personal connections to an organization is critical for securing donations, and social media helps do just that. On social platforms, dialogue with an organization continues long after visits take place. Social media provides an opportunity to engage potential donors and inspire ongoing connections. Once they’ve contributed, social media helps keep donors and members posted on an organization’s great works, ensuring them that funds are used wisely and that the organization is continuing to cultivate community involvement.
2) Achieving the organization’s mission of educating and inspiring communities
Social media doesn’t just help keep the lights on; it helps organizations fulfill their missions. Informal learning environments often have the mission of educating and inspiring communities. Social media helps by providing an opportunity to:
- Educate- These YouTube videos are creating a one-of-a-kind connection with the institution (and the people working there) that will end up elevating reputation. In real-time, they are presenting engaging content in a fun and informational way.
- Transcend location and taking the mission home- Traditionally, we think of museums and cultural centers as places that are exculsively “place-based.” However, with the development of social media and creative engagement, museums are more than just buildings full of objects… They are accessible everywhere. You can learn from an organization and be inspired through computers, mobile phones, ipads, and podcasts. With the focus taken off of location, audiences can integrate organizations easily into their everyday lives, keeping the institution “top-of-mind” and building brand trust and transparency.
- Reach new audiences- Generation Y has terrific engagement potential, and this audiences is most easily accessed through social media. Moreover, they are accessed on a personal level through social media. To say that having a social strategy will put you ahead of the game with this demographic (and future generations), however, is a lie. Social media is critical for reaching folks of the future—and folks right now. And if you’re not doing it well (or trying to), then you’re already outta the game. As a side, social media doesn’t just appeal to Generation Y. Know a few folks who say that they aren’t involved with social media because of their older age? Studies show that they are lying; one in four Americans over the age of 65 have an account on a social media platform.
Social media is critical to a visitor-serving organization’s everyday operations, as well as its long-term goals. It will be increasingly harder to educate, inspire, fundraise, and even keep the lights on without embracing social media and related social strategies.
What would you add to this? What are other but-in inspiring reasons why innovative social media is an organizational necessity? Please share your input below.