The below words are basically a mashup of every single tweet (processed & filtered) from the #smtravel conference (blended with my commentary in the parentheses).  I arranged the information best I could, however *completely* subjective said arrangement is. I hope it makes some form of sense – or at least you can potentially peer into the chasm that is my logic.  At the least I hope I didn’t misquote or misrepresent anyone.  Speaking of transparency – I left some fairly meaty and helpful implementation/action ideas at the end that were not necessarily even part of the conference… I figure if you can find them and actually read that far down, well.. you deserve them.

I will go out on a limb saying that 100% of the data is accurate, because I basically copy and pasted from the tweet stream. I am sad to say the nature of making the “tweety casserole” of our conference helped it to lose much in the reference & citations arena, but if you need to see the authority and professionalism of those involved, please refer to list of speakers at the conference. For those that don’t know me – I am a big skeptic, and vigilant about data and non skewed statistics, as well as generally skeptical about enthusiastic marketing. If anyone would like to challenge any of the information or data below, please do! I am always up for conversation and learning…. and if incorrect data was given out at this conference I assume we would all like to know (this is highly unlikely)! So let’s have at it – Eye For Travel’s Social Media Conference #smtravel 2010!  (Boy I hope this makes sense)

My attempt at organizing the concepts throughout the conference:

1. Social Media (general)
2. Facebook
3. Twitter
4. Geolocation / Mobile / Augmented Reality
   
5. ROI
6. User Generated Reviews / Content
7. Takeaway / Important Thoughts
   
8. Action / Implementation

You will note a lot of information on Geolocation/Mobile & User Generated Reviews/Content.  I think that’s because there is real data, opportunity, and engagement in those areas.  The other areas are more guesswork and hoping.  Twitter provides ROI, to be sure… but I think we should focus on what provides results, vs. what we like to think *may* work.  In that, I personally suggest you alot some of your Facebook time to understanding and interacting with Geolocation, as well as becoming more involved in the review sites.

I) Social Media

Stats:

• 83% of adults use social media
• 70% of participants in Social Media are spectators (lurkers – we know you are out there eating our posts)
• 18% of US online leisure travelers do not have a destination in mind when they start their trip planning
• For every 1/2 sec improvement in landing page download speed, you can increase page views 1-3% (I know.. this is SEOweb design. Sue me)
• 58% of travelers use Facebook monthly, 40% use YouTube, 32% to Wikipedia, but 1 in 4 don’t visit any social media sites (this is in tune with understanding traditional marketing vital, still important, and should be integrated and aware of SM plan)
• Email marketing still important but not as effective as it used to be. (I don’t think I need a stat for that, but 1) it still seems to be effective for some people & 2) it’s amazing how others simply won’t let it go when it is no longer effective. It used to be a cure all salve to some marketers)
• Consumers follow and fan brands on FB and Twitter to learn about discounts (32%). Learn about new products (19%)
• 35 Million LinkedIn updates/week, 600 tweets per second, 5 billion pieces of facebook content a week
• An angry customer can lose you more customers than a happy customer can bring you new ones
• Social networking is the new “morning coffee” – 4 in 10 people wake up to their social circles
• 4 in 10 people recommend products on social media
• eMarketer reports 81% of marketers say social media significantly extends their e-mail to new markets

Commentary/Conversation:

• You can choose not to participate in social media conversation but….. that is *probably* not a good thing.
• Most social media /generated content is crap. (This reminded me of a very relevant talk by Google CEO Schmidt, and the resulting piece The Cesspool We Call The Internet)
• Social media is about relinquishing control
• Social media/user generated content is the new brochure, and you have no say in how that brochure is made or what it looks like (I like the sentiment but mildly disagree… I think you be accountable of everything in your control and offer a worthwhile product and the brochure will be to your liking).
• Transparency is not for the faint of heart, and it may not work for everyone. When people get an update, they want more on a regular basis. (IMHO, It doesn’t just happen, you have to fight culture of secrecy that most business cultivates).
• Top 5 trends in Web 2.0 – 1) Semantic Web 2) SMO (social media optimization) 3) SGO (social graph optimization) 4) Affinity Graph (feel free to elaborate on this one) 5) HyperLocal
• It is about the quality, not quantity, of followers. 500 committed followers is worth 10,000 non brand interested ones (what sort of followers do contests breed?)
  
• Soc Media is a communication TOOL – not a PLATFORM – “do you ask for ROI on your telephone?”
• Social Media is not a campaign, it’s a commitment.
• How do you measure the value of a relationship? Lifetime value = more than the sum of transactions.
• It’s amplified word of mouth, right? It’s been happening for years. It’s about creating community again – SM just a new channel for old-fashioned business sense.
• Social Media let’s your customers do the talking for you.
• Social media shares elements w/journalism: Who, what, where, why, how. Formula for getting the full story on a subject.
• World has moved form 6 degrees of separation to 2 thanks to social media
• Conversation about your brand will happen without you being aware or taking part…. you might as well listen.
• Whoever earns trust, wins

Best Practices:

• SOCIAL MEDIA DOES NOT EQUAL DIGITAL MARKETING – Social Media is 2 way communication (interactivity, conversation, dynamic growth), marketing is one way communication (forced/push marketing, print, billboards)
• Good social media is about the 4 E’s: Educate, Excite, Engage and Evangelize.
• Monitor, Engage, Respond.
• Have a clear plan – where do you fit and how can you add value to your guests and social media. But you have to be prepared to manage the conversation. It’s not a campaign, it’s a commitment.
• Bake social media DNA into everyone in the organization
• You wouldn’t put someone behind the front desk without training. Don’t put someone in social media without training
• Guest services should respond to social media just like email or phone calls.
• Real time recovery is vital to hospitality’s use of & engagement w/social media – the internet is fast and speed is key.
• It’s not about you the brand, it’s about them – about being available & listening
• Non participation is akin to ignoring customers – a lost opportunity to engage, learn and make amends.
• Social should live across departments like PR, cust svc, marketing, etc. It becomes “something everyone does” like email.
• You can become pen pals with some of your customers thru social media. good way to build relationships, brand ambassadors (time consuming)
• Using persona’s to identify your average customers is useful – but be real, be earnest, be transparent, and have fun.
• Utilize effective management to maintain productivity, instead of limiting massively effective tools for business (social media being banned in the workplace)
• Social media can be a very powerful recruiting tool
• Use analytics & monitoring tools: Omniture, Cision, ReviewAnalyst, eBuzz, Revinate, Radian6
• Social Media should be fun with the appropriate tone of conversation.
• Manage Social Media both from corporate and property level – “Speak in the tone of the medium”
• Blogs bring value to SEO efforts
• Best ideas are often driven from the bottom up. Always listen to your front line people!
• Experimentation is the key to social media success. Fail cheap, fail fast.
• Social media is not free. Someone has to own, monitor, track, analyze etc.
• The Return is on customer engagement, and ROI may take some time.

II. Facebook

Stats:

• 100 million people now using Facebook mobile app at least once a month (how many are exploring brand pages?).
• 56% users check Facebook each day
• 48% of people talk about products on Facebook
• 5 billion posts of content from Facebook per week

Commentary/Conversation:

• “Facebook will remain relevant because of its privacy controls” (- My rant: I wholeheartedly disagree – twitter inherently allows the user to opt out of privacy, so the user is quite aware of what they are entering into.  Buzz is similar in this respect.  Conversely, Flickr VIGOROUSLY champions the right of privacy & ownership, so does Tribe.net.  Facebook is constantly altering their architecture so as to potentially generate constant cash flow.  These attempts at creation of revenue wholly disregard the individual users’ privacy & bungles the process constantly, while adding layers to a flawed structure/network that is based off of non-meaningful geo-connections.  Connections, of course, should include *immediate* social circles, but the strongest connections are based off interest, not educational institution – which pits classmates across broad socioeconomic and political backgrounds into similar social circles.  The preceding line is precisely why Facebook *could* eventually fail. The sky is not falling, and the landscape is changing constantly… but until Facebook figures this out, their dominance is tenuous.  You cannot create a solid network based off of “loose interests”.  Topics/Subject matter drive content creation, and content creation drives social networks.  There can be no meaningful brand interaction in “loose interest” networks – there is limited opportunity to get the network effect started around brands if one user who likes you suggests your brand to a user completely foreign to it’s necessity or disinterested in it’s existence).
  
• I voice constant concern about Facebook – is the conversation meaningful? Do they book?
• Facebook pages for brands as a “fad” was brought up, many disagreed with the concept.

Best practices:

• Instead of attempting to create a new social network, connect with an existing one: FB connect picks up that slack – interactivity is at leisure of user. Facebook connect allows published content and comments on both your website and Facebook. Helps build engagement in both places. Travelmuse received a 30% increase in membership from using Facebook Connect. One of the best ideas was this – “It’s easier to buy access to someone else’s audience than to try to build up your own in order to market to them”
• Add a booking widget, customize the tabs and cross-integrate your Social Media channels (connect but do not auto-post – remain native)
• Tag FB pages w/Omniture(Analytic) tags to help measure ROI
• “5 Essential Apps for Your Business’s Facebook Page”
• Competitors’  followers should be at the top of your list of who to find & target
• The Facebook ads that work best to grow a fan base show the user their “friends” that are fans, and has a “Become A Fan button” on it.
• FB doesn’t always grab people not coming to your hotel, so it is often better used locally. FB pages work GREAT for F&B, spa (incremental revenue).
• FB apps can best be seen as complimenting a good FB marketing campaign instead of the center of it
• (I just started realizing the mapped network of facebook pages creates a tighter community online if you connect – try to get as many local businesses to highlight your page, and vice versa. Creates a stronger local presence overall.)
• Create “status questions” (what are you doing today?) so you can check engagement and how often guests interact/check-in with you.
  

III) Twitter

Stats:

• Michael Perhaes with MGM Grand said Twitter is 5x more effective than email for us, & GM Grand’s Twitter customers have higher ADR than email customers (someone suggested this as savvy, but honestly I would imagine a savvy consumer to find a lower price?)
• 600 tweets per second

Commentary/Conversation:

• If you’re going to make money, Twitter must become a transactional platform at some point
• Twitter is the new flight attendant call button
• Twitter drives revenue, no doubt about it.  Twitter = ROI, Facebook = idle brand chit chat.
  
• Young kids don’t trust it, and think it’s for old people or fame seekers

Best practices:

• Twitter is not a direct marketing platform
• Twitter can be used as an R&D tool
• Uses “extended” shelf space by having multiple twitter accounts to represent brand :chef pages, nightclubs, hotel, spa, etc. Multiple Twitter accounts for multiple audiences
• Consider integration with API to expose what is tweeted about your brand (like highlighting reviews, it does suggest letting go of message)
• Even if you do have a group of people working on social media, don’t forget to tweet (fb/blog) with personality – be a real human voice & be real – but be transparent, be consistent,
• Separate conversation – promotions, customer service, etc should be separate Twitter accounts so as not to confuse (this is debatable depending on your brand)
• competitors’  followers should be at the top of your list

IV) Geolocation / Mobile

Stats:

• Google estimates 50% of web traffic to come thru mobile devices w/in 5 years (if that doesn’t blow your mind, re-read it slowly, twice).
• 240 million people mobile browsers in 2010, surpassing PCs for first time
• 100 million people now using Facebook mobile app at least once a month
• According to a recent comScore report, 30.8% of smartphone users accessed social networking sites via their mobile browser in January 2010, up 8.3 points from 22.5% one year ago.
• Access to Facebook via mobile browser grew 112% in the past year, while Twitter experienced a 347% jump.
• 1 in 3 mobile search queries have local intent
• Mobile Shopping to balloon to $119 Billion by 2015

Commentary:

• Morgans Hotels tagged NYC airport codes on Foursquare during recent blizzards, ran ads, & generated some sales.
  
• Are iPhone apps a “flavor of the month”? Or should you just develop a good mobile-optimized Web site?
• Geolocation tools like Foursquare mark a significant shift in social-real time interaction – it’s valid, useful information
  
• hyper local = search + social graph + mobile + your location
• Impressive: Morgans Hotel leverages themed twitter hashtags, 4Sq hotel checkins, Artist Generated Content and analytics tools
• Location-based marketing will be a trend. “It’s clearly good.”
• Adding hotel rates to Google search results enhances relevancy of listing – mobile access & booking to skyrocket. One thing, however, is that rates in Google maps is customer friendly, but maybe not so great for suppliers (link to maps blog post here: http://google-latlong.blogspot.com/2010/03/experiment-to-show-hotel-prices-on.html)

Best Practices:

• You got me. I think, again, I defer to Del Ross from ICH – “Experimentation is the key to social media success. Fail cheap, fail fast.” But frankly, FOCUS ON IT. I would be willing to bet my name that it’s worth limiting some Facebook time to interacting with Foursquare.

V) ROI:

Stats:

• What we are after (and trying to define)! *or* “No clear, easy way to track back social media ROI” says panel, “An attribution model has yet to be developed.”
• Forrester Research says it is a way to enhance relationships with customers, build brand, help hiring & recruitment, engage in customer service, and helps to build employee morale.

Conversation:

• If social media goals are not clearly communicated, how do u know what “good” looks like?
• If you aren’t paying attention to conversation about your brand, who is? A different ROI – Return on Ignorance
• Interesting perspective on generating demand vs conversion in social media. Examples: FB = demand, Yelp = conversion
• Will virtual cash become taxable? (It apparently already is, in some places.)

Best Practices:

• Social media is not free. Someone has to own, monitor, track, analyze etc. It is ROCS – a return on customer satisfaction in early stages
• Measurement involves many different goals, not just sales. Overall revenue, room nights (Hilton’s ROI measurement) are just two of them.
• Southwest measures SM ROI by: employee satisfaction; ratio of cust compliments to complaints; new signups; conversions.

VI) User Generated Reviews / Content

Stats:

• Their data shows that people believe online strangers to friends and family in regards to reviews, user generated content. Expedia
• Travelers search 20 different sites when planning a trip
• 44% of online travelers trust other travelers before commercial advertising
• 32% of Yelp reviews are 5-stars. Only 15% are 1- or 2-stars
• TripAdvisor has 32 million reviews and gets 16 new contributions every minute.
• TripAdvisor gives less weight to older reviews than newer in terms of ranking
• Content submitted to TripAdvisor at its start 10 years ago is still on the site. There are no plans to remove those.
• Management response to critical reviews more important than review content according to Tripadvisor research
• TripAdvisor says an average traveler reads about 30 reviews
• Only 4% of hotels respond to tripadvisor reviews

Commentary:

• By being confident, taking ownership, & being enthusiastic, authors have altered or taken bad reviews.
• Immediacy of customer feedback on mobile posed to change how companies use social media
• Online Reviews allow satisfied customers play “ambassadors” of your business
• Negative reviews play an important role too, you can’t please 100% of the people 100% of the time
• it’s better to join the conversation than not. Reviews can go from 3 to 5 stars because of this

Best Practices

• Be humble, be swift, be specific – How a hotel property responds to criticism says more about them than the criticism itself
• By replying to reviews, you humanize the brand – it’s less of a place to complain & more about commerce
• Every negative comment is an opportunity to turn around the relationship, and create a long term brand centric consumer.
• Bad reviews are exciting to highlight, celebrate, and learn from. Great marketing opportunity. Your reaction is vital.
• responding is never a knee jerk reaction #smtravel they take a LOT of thought, editing attention. Good impulse control – required quality for persons chosen to respond to customer comments on social media

VII) Takeaway & Important Thoughts

Stats/”Subjective Facts” :

• Social media is about relinquishing control
• Google estimates 50% of web traffic to come through mobile devices w/in 5 years
• Investing money in search visibility reduces need to spend money elsewhere.
• If anyone says they are a social media expert, they are lying to you. We are all learning and failing constantly.
• For every 1/2 sec improvement in landing page download speed, you can increase page views 1-3% (content heavy, uber-marketed sites are going bye bye)
• User Generated Content (UGC) is the 21st century’s word of mouth, and your new brochure – and you’re not the one writing it. your customers are your new copywriters (Jennifer Davies, Expedia)
• Virgin will soon have 3 FTE people handling SM. Hilton has 1. Southwest has 6.
• The new big three in travel = Brazil, China, and India. New travel up 50% in recent years.
  
• People under 30 use email only to talk to you if you are over 30, or to talk to brands/companies (suggests the data… there are exceptions to these facts)
  
• Social media matters, but does not replace traditional channels. One in four travelers are not on social networks
• People want to connect, people want to share: this is what drives social media growth

Commentary:

• Ignoring social media today is like ignoring Google in 1999.
• Customers no longer search for news & deals — they want the deals to find them
• It’s a conversation, not a broadcast. Be authentic, honest, transparent.
  
• Think about shaping conversation, not controlling it
• When social media relationships become “real” they become private & go offline
• Social Media is most powerful when integrated directly with the product
• Work with your competitors to create a “trend” for media coverage
• Social media is not a “nice to have” anymore. It now must be a part of an integrated marketing strategy (but it isn’t just marketing, and it isn’t just a strategy)
• It’s easier to buy access to someone else’s audience than to try to build up your own in order to market to them
• Consumers want you to engage with them in social media, but only when and where they want to hear from you.
• Not sure contests are meaningful so much as getting endless non brand centric people following you for free “stuff”. Free stuff followers are not as useful as brand followers.
  
• “Social Media builds employee morale” was a concept that came up a couple times during the conference.
• You don’t market what you want to say. You market what your customers want to hear.

Best practices:

• Social operates on a shoestring at most brands – requires empowerment, education and training to succeed
• Not all social media programs are the same.
• It’s important not to isolate social media for the organization; you need to immerse your business in it. It’s everyone’s job…. it shouldn’t be just one person.
  
• Make conscious choice for structure – do not do the easy thing and lump it with PR or Marketing
• Use everything as an opportunity for learning – Don’t overreact to customer comments
• Flickr, YouTube good social media for hotels to use for customer engagement. Visual content very importnat for hotels (and has SEO value too)
  
• Leverage existing social networks and influencers – go to existing communities instead of wasting time and money building one (Facebook Connect, for example, expanding between brand site and “vibrant” community).
• Consider a dedicated page on your website for social media – Hard Rock Hotel has one full page dedicated to all social media & review sites. To shatter industry benchmarks, it’s essential to bake your SM strategy into your site. Consider your market – go to where they are and engage them. Morgans Hotels has whole website section dedicated to music
• Employees can take brand message, localize it, and put their personality behind it. – participation FUN for employees! Don’t just throw a bunch of rules at them.
• The days of content heavy & marketed website are changing – they go to review sites and then go to the hotel site for booking. Consumers don’t trust pretty, over the top, content laden sites.
• By utilizing closed loop promotions you maintain parity with OTA’s.

VIII) HHOTELCONSULT’S Action / Implementation

For FB:

• Add booking widget, customize the tabs and cross-integrate your social media channels.
• Add analytics tracking wherever you can to gauge success in raw data form
• virtual gifts/money (First 10 to post get a comp glass of wine, and then after posts say the deal is the free glass has to be for a close friend… be tricky, have fun, get creative)
• Leverage Facebook Connect when possible.
• allow management to post changes, updates, pics
• Birthday related offer?

For Twitter

• compartmentalize social media campaign by having smaller departments reach out – multiple twitter accounts across all hotels for different reasons – chef, F&B, sales/banquets, spa (whichever works or would be viable)
• add analytics tracking
• integrate/allow management to post changes, updates, pics
• Reached out to influencers at smaller groups – 500-700% ROI from inviting “influentials” to a tasting
• Twestival?
• Birthday related offers?

For Geolocation:

• Research about Gowalla, Twhrrl, others we can possibly interact with?
• Create Foursquare Mayoral Advisory Board
• Foursquare deals/offers
• Flash mob or Swarm Badge opportunity?
  

Website

• local tweet map on site mashing up tweets with brand mentions, associated conversations
  
• have one dedicated social media page per hotel
• If you offer discounts, info, events, etc online, make them “Facebookable” and “Twitterable”

Misc:

• Be creative – Morgan’s printed QR codes on cocktail napkins
• showing OK Go on YouTube $100,000 spend to sponsor video – less than 3 weeks 10 million views on YouTube. Press exposure
• Fairmont launched dedicated Presidents Club forum on FlyerTalk in July ’09. Now has 412 threads; page views >200,000

Follow Up Questions (endless, frankly – and I WANT TO HEAR YOURS! What didn’t we talk about that you wanted to talk about?):

• I would like to chat more about HOW, & not WHAT: how to integrate API’s, how to interact w/mobile-geolocation, how to implement facebook connect, etc. Check out mobile hotel app – Smart Stay
  
• Contact morgans about themed hashtags – Morgans Hotels tagged NYC airport codes on Foursquare during recent blizzards, ran ads, & generated some sales.
  
• Live streaming video & webcam opportunities?
  
• Is creating a list of your hotel’s followers on twitter necessary?
• How do you use FB connect for one small hotel?

Something people don’t seem to want to talk about, or at least isn’t brought up too often in regards to Flickr, is their famously nebulous Flickr TOS & Yahoo Terms of Service.  I have spoken to some industry professionals about it, and am confident these are quiet concerns people keep to themselves and the kitchen table at 3am.  A few have approached it, as well as there being spirited conversations, involving multiple staff, on Flickr itself.  Just like Yelp’s notoriously vague behind the scene manipulations, people have cried foul to the way Flickr chooses to manage/delete accounts, with seemingly random application of it’s TOS.  What’s more, it seems people aren’t confident in how to use it.  Even the staff have varying viewpoints and opinions on the matter.  At least one majour hotel flag and brand that uses Flickr relentlessly (and incredibly effectively) says he goes to bed at night thinking he will wake up and the accounts will be deleted. Other groups, like craft makers, are completely lost as to what “commercial purposes” means, and are getting frustrated with errant deletion of their groups.

The reason this concerns me is because I see the most avid users of flickr talk about it being “spam central”, and people being incredibly aware that brands are *really* starting to penetrate that site.  The above linked article is from a year ago, but the conversation is incredibly relevant.  If you are still unsure, try searching “flickr” and “TOS” on Twitter Search; that is pretty overwhelming that there is a big question looming.  As Flickr hears more from the community about brand spam, when will they take those famously vague words, “Flickr is for personal use only. If we find you selling products, services, or yourself through your photostream, we will terminate your account.” into account?  When might they start looking at a brand and suggesting it is creating less of a “story”,  and creating more of what their users don’t want.

People do not want their photo sharing site to turn into a business marketplace.  It is obvious by the discussions happening about “commerce and flickr”, and most apparent with commentary on flickr group discussions about Etsy, and people using Flickr to catalogue their offerings.  That is an incredible no no, apparently.  But that certainly draws our line a bit closer and more precarious, as we don’t *really* know what hotel’s photo sharing is about.  Can anyone define that?  We do know that “Flickereeno’s” (Flickr Staff) are incredibly helpful and accessible, compared with some other social sites.  They responded inside some of the above linked threads, as well as directly to people’s earnest questions.

These are some important problems to resolve in regards to exactly what space a hotel operates in, on flickr.  Their TOS expressively forbids businesses for using it, in any way, for commercial purposes. This includes etsy people using flickr to host a catalogue, or private, personal businesses owned by individuals who are using flickr in any way for their biz. This is complex, because they are obviously lenient, and cannot possibly have omnipresent control, but they have the right to clamp down any time they wish.

In a recent meeting, we met with Flickr’s GM on an unrelated note but asked him about brands and photos, *SPECIFICALLY* in regards to hotels.  His paraphrased words are as follows:

“We typically are fine with a collection of images that tells a story”, but they are down on direct advertising.

I doubt they will forbid relevant or useful brands from existing, but there is a chance in the future that they will crackdown.  Until the TOS are cleaned up to expressively permit a hotel from existing on Flickr, their right will be to delete your account without warning or justification. As of now, their TOS suggest that they *will* do this at some point in the future, in that a hotel is not a person using it for personal reasons.

I guess the point is that it is a relevant and important aspect of a hotel social media optimizer’s job.  Use it effectively and it can be an incredible tool to help your hotel.  If you aren’t sure how, you can find interesting articles like this about marketing and Flickr, or simply use Josiah’s incredible work.  You will miss out if you aren’t part of this, and it can really help your overall social media program.

At least for now.

YOU READER!  You yourself may not have thought of it – but facebook, youtube, yelp, tripadvisor, linkedin, twitter…. none of these powerful sites have proven the social media ad-model, nor been able to turn a profit.  I am not sure if I published these links already, but they are good for thought.  It is sort of ripped out of a previous yelp conversation, found (yes unfortunately on yelp) HERE.  It is a good thread about yelp.  I am not going to elucidate, but we might all agree that Fishbits X is one of the most thougthful, prolific yelpers out there (tongue firmly in cheek).  The below tracks some of the conversation about monetization and creating web 2.0 to actually be profitable, which it is not.

Cheers!

Kelleher from Wired.. his thoughts earlier last year:
http://www.wired.com/t…

A CNN / Fortune article about Facebook’s Number 2 being “the one” who can make it profitable:
http://money.cnn.com/2…

while facebook has money problems:
http://www.techcrunch….
“facebook headed for financial ruin?
http://www.marketingpi…

a good dollars and sense vs pageviews cut up of the issue:
http://okdork.com/2008…

And I think the AOL Yahoo thing brought out some interesting comments… especially from Randy Falco
http://gigaom.com/2008…

“But despite drawing large, engaged audiences, other social networks have not been able to make the experiences relevant to users and marketers alike.”

But happiness does not sustain itself all the time… those parties may be no more if something doesn’t happen… and fairly fast.  I did just notice a new feature called “Things I Love” on the yelp profile main page.  This is worked in so as to create highly targeted advertising for the members.  If they like dogs, they can market dog food.  If they like their fiance, they can market wedding vendors.  It is a brilliant idea, but I already chatted about how Facebook’s model doesn’t work.  Even running a couple tests produced some negligible and even odd results.

So, when JP Morgan suggests that 2009 will be the year that the ad model fails…. my ears perk up and I wonder a couple things.  Namely, will there be unexpected opportunities if they are not able to get ROI or make these things profitable?

This is fascinating, and social media is so big right now… ballooning, saturating, and a media darling which has gotten an almost cult of personality like focus in the news.

I cannot imagine that they will make it profitable, nor can I imagine it going away.

What do you think is going to happen?  I think that a lot of these sites don’t have strong business leadership, and there is a lot of panicking going on right now.  As long as they focus on the business more than the parties….

I think we will live to review another day.

A lot of people thought the doc was a jerk.  Others thought the guy was standing for free speech.  Well let me tell you… I doubt he was a bad guy, and it certainly wasn’t about free speech.  It was just a wreck of a case, and there was nothing legitimate there except two wide eyed people dragging their own name through the mud.  They didn’t think it would get as big as it did, so they settled.

I don’t think the doc was a bad guy, necessarily.  I think he doesn’t get social media, and acted inappropriately, to a fault.

But I think the fact it settled so quickly was interesting.  These guys weren’t ready for the limelight, and they just wanted everything fixed.  But the public is clamouring for news on the way Yelp works.

And it does, but doesn’t, work very well.  So it is this duality that is starting to get picked up, and people are anxious for the resolution to these ongoing concerns.

I think this is all indicative of Yelp’s massive immaturity (young and dealing with new issues) coming to a head, and things going awry while their management insults people on threads, then deletes the threads when it isn’t comfortable…..

and the rest of the yelp crew is cold calling merchants with a hard sell all the while ignoring them while they create a social scene of hipsters that they can finally…. be.. .cool… enough… to … be… part … of.

This stuff has to be sorted out.  An egotistical doctor that doesn’t get social review sites is a perfect patsy to gel the power of the web 2.0 tools.  Hopefully this will start a conversation about how to fix yelp’s imperfections and flaws.

TWO FIXES that actually come from the flawed trip advisor:

1) Multi tiered rating like trip advisor.  A main overall star rating, but then a rating for cleanliness, service, food, etc.

2) Instead of trying to get money from merchants, and then ignoring them in favour of teeny bopper yelpers that cannot even spell…. allow businesses a discourse with clients.  Responding *TO* clients isn’t necessarily important or effective when you are talking about immature folk, ignorant people, or types that just want to rail against you, let alone shill reviews, etc.

This is a social, public conversation.  Business owners should be able to respond, rebutt, or remark in kind.

AND LAST ONE:

3)  START THINKING OF VERIFICATION PROCESSES PEOPLE.

the first social review site that can find a way to verify the actual transaction at the business will develop a more honest, trustworthy, and sellable brand.

I think it is obvious to respond and interact with guests on yelp. In fact, I think it is a valuable tool. Beyond dealing with unhappy clients, managing that as well as learning from them… you are allowed to connect with endorsers of your brand… thrilled clients that will help you spread the news about your message.

It is fantastic.

But I am still confused about tripadvisor, and how one might proceed most efficaciously. If I am completely mistaken, I will find out by being helped/schooled/*learned* in this public setting….

If I am not mistaken, instead of a direct correspondence with your previous guest you are actually just posting a public response. It seems dangerous, and could be useful, but feels more like a double edged sword.

I am sure I am missing something, but I would love other people’s thoughts on how to handle your hotel brand within tripadvisor as opposed to something like Yelp.

post here, or simply email me at michael@hrabaconsulting.com

Initially, very few businesses took advantage of yelp. Then came the terror and panic…. Business owners realizing it was a force, almost a lobby, that they needed to address, which led to an amazing moment in yelp history of business owners lashing out and acting like defensive bullied playground kids. Then things starting calming down a bit. This is the point we rest at… a moment when more and more hotel (business) owners are becoming involved, not because they are worried about customer perception… but because they realize the tool this is, in a violently upset world of dying print media and traditional marketing tactics going awry. Finally, in a world where we are moving further apart and less connected to our clients…. We have a direct and professional way to approach them.

Yelp has gotten me to the point of actually knowing our clients. It has been enjoyable finding out about their families, preferences, suggestions, and complaints. Yelp has helped me to humanize my client base. And because of this…. The angriest yelpers became some of our most branded and loyal customers because we showed that we were engaged, earnest, and interested in improving our relationship, service, and brand.

So Jim wanted a simple testimonial, and I blather on. But the ROI is never easy, and we need a new way to measure things. However, I can speak plainly of unhappy guests that have returned on a comp night from the hotel, that happily spent incremental revenue (outlet revenue like spa or restaurant). I can also speak of positive reviewers that have been given discounted rates and have returned, already branded, to enjoy our hotel yet again, and we await yet another update. What some of you at yelp might not have realized is how much of this is branding… that you are reinforcing your brand as they write a review…. But if the identify with the review they are tapping out because they hold the company/hotel/etc in high esteem…. That review they type out is literally reinforcing the brand as they type it.

Yelp is much more important than a review site. It is on the threshold of being the epicenter of the “new” marketing model. It is no longer about shoving adverts down the throats of consumers who want nothing to do with you. It is time to recognize we can not only talk to branded consumers thirsty for information…. But we can find depth and meaning in the relationships between clients / guests and create a new approach to business that not only has demonstrable ROI, but is a more human, interested, and excited approach to knowing your client base.