Over the weekend I walked into a restaurant and noticed something really interesting on their wall. Where many individually owned eateries usually hang framed reviews or features from local newspapers, this restaurant had a framed review from Yelp. Specifically, it had the Yelp logo and one of the online reviews, which raved about the restaurant. This immediately made me wonder – what’s more influential these days, a good review on Yelp, or a review in the paper?
I had just returned from my 10-day honeymoon in Hawaii, where my wife and I used three factors to determine where to have our meals:
Two guidebooks from Frommer’s (which were sent to me complementary thanks to a Twitter contest)
Suggestions from locals
Yelp
While Frommer’s was usually reliable, we ended up primarily using Yelp to make these decisions. This is because it provided us with a good idea of how many people went to the restaurant (based on how many reviews it had), how people liked the place (the number of stars) and specific suggestions (in the reviews and quick tips). It also had the website and map right there – basically everything we needed in one place. We read through reviews of each place, which offered great recommendations, and we found most of them to be spot-on.
For us, Yelp reviews were much more influential then a newspaper review. It contained feedback from many different people rather then one reporter, and allowed us to get a a wide range of unbiased feelings about the restaurant. I’m not saying a reporter would lie – but it’s a newspaper article is only based on one person’s perspective (as was Frommer’s) and didn’t always align with our experiences. More and more, as Yelp provided us with more accurate information that Frommer’s), we only used one factor in determining where to dine: Yelp.
So is Yelp more influential then a newspaper review? For me, the answer is yes. If I were to read a great newspaper review of a restaurant, I would still check it out on Yelp before going. Also – with restaurants and businesses now aware of Yelp’s power, they are beginning to focus more and more on their online reputations, often contacting unhappy customers (who write negative review) to fix problems (which they often note in their reviews).
MTV’s public health campaign encourages young people to get routinely checked for sexually transmitted diseases (STDs). The Associated Press reports, “MTV says the idea is to remove the stigma attached to getting checked out for STDs.”
While this is a nice idea in theory and I applaud MTV for fully integrating mobile into their campaign outreach, I think most people, no matter how much they typically share via Foursquare, are unlikely to publicly broadcast their appointment for STD screenings.
This Foursquare partnership would be more successful if it was linked to MTV’s political campaign, “Rock the Vote” which encourages young people to register to vote and make their voices heard. If they offered a badge for checking in to a voting location, I think the response would be tremendous.
What do you think? Can MTV leverage Foursquare for such a person declaration?
This week Facebook announced the launch of a new feature – Facebook Places. Much like the mobile application Foursquare, Facebook Places will let you “check in” to your current location via Facebook on your smart phone. It will display your location updates to all of your Facebook friends.
You may find yourself asking – doesn’t this same application already exist with Foursquare, Gowalla and others? Why yes, yes it does. However, the Facebook Places application is also going to allow your friends to check you in to places, whether you like it or not.
Of course you can alter your Facebook privacy settings to disable the ability for other users to check you in, but the Facebook default settings will indeed allow your friends to check you in.
Facebook Places does allow businesses to “claim” their venue and provide updates to users who check in via the application (exactly like Foursquare).
While it may seem Facebook is simply duplicating an application that already exists by another provider, what the real concern is here is how Facebook is increasingly making moves to become a one-stop-shop for online and mobile activities.
For example, more people upload photos to Facebook than competing photos services like Kodak Gallery, Snapfish or Shutterfly. Facebook also has the Marketplace application which aims to compete with Craigslist. Businesses now consider their Facebook fan page as vital, if not more, than their company website. The addition of Facebook Places is another intentional move to gobble up competing online players.
Can Facebook extinguish enough competitors to ultimately become the singular destination for online and mobile sharing? What do you think?
If you’re a foodie, you have a login for restaurant reservation website OpenTable. If you’re gadget savvy, you may also have their mobile app on your smartphone. The popular reservation service has seen great success thus far in 2010, confirmed by their recently quarterly earnings announcement.
In a post by Erick Schonfeld of TechCruch, he reports “OpenTable is installed in 14,128 restaurants and seated 15.6 million diners last quarter, up 27 percent and 52 percent, respectively.” Not only is OpenTable becoming the go-to source for reservations, but users are also raising their level of engagement with the site.
Schonfeld wrote, “Those diners have now written more than 7 million restaurant reviews. As a point of comparison, Yelp has a total of 12 million reviews across all local businesses, and CEO Jeremy Stoppleman considers the those reviews to be Yelp’s single most important competitive advantage.”
Digest that for a second. Yelp, which reviews all types of businesses, not just restaurants, has 12 million reviews, and OpenTable, which exclusively provides restaurant information has 7 million?
OpenTable clearly understands the value of creating a site users want to spend time on, not just log in and log out. By allowing customers to write reviews of their dining experiences the site becomes about something more than just reserving your table.
Additionally, OpenTable is hopping on the “group buying” bandwagon and offering a new weekly special they are calling “Spotlight.” This will operate the same way Groupon, LivingSocial and BuyWithMe do, and offer specials like “$25 dollars for $50 dollars worth of food at Grill 23.”
As RaceTalk commented in a post last week, the group buying concept entices customers to try places they normally wouldn’t because they are being offered a discounted price (recession, anyone?). Additionally, the sites incorporate social media channels allowing users to post their purchase on Facebook, Twitter and more. Some sites also offer referral bonuses to customers who bring in new users.
Should OpenTable decide to incorporate social media sharing on their site and explore referral bonuses, the company’s growth potential is exponential. OpenTable is paying attention to emerging trends and adapting quickly.
Social Media Michelin awards OpenTable three stars!
This blog post was contributed by Alison O’Leary, who works in Racepoint’s UK office.
After a week working with Irdeto (a Racepoint client) out of their Beijing office, I’ve come back with a different view of the great Chinese firewall. True, my broadband speed was pretty slow, I couldn’t access Citrix from my hotel room at all and trying to get onto Twitter actually crashed my laptop, but it’s not the picture of doom and gloom painted by much of the Western media.
Yes, Western companies are having to abide by Chinese censorship requirements, with Google the most talked about case in point, and we all know the Chinese government operates the world’s most extensive system of Web monitoring and filtering, but social media is really making a difference to its overall impact.
China already counts the world’s biggest Internet population, at 470 million users – already more than double that of the USA – and consultants BDA China predict that Internet users will reach 800 million by 2014. And those users are making the most of it. According to a recent report, the Chinese are twice as likely to use chat and three times more likely to micro-blog, blog and use video conferencing than American users. The Netpop Research study shows that mainland Chinese citizens are “more likely to share information broadly and openly.” Something of a surprise given the country’s censorship has been such a topic of contention. Nevertheless, the study estimates that up to 92 percent of Chinese netizens use social media, meanwhile, only 76 percent of US netizens do the same.
What really came across when talking to Chinese colleagues and ex-pats during my time in Beijing though was the huge popularity of bulletin boards. There are 117 million of them in China and it is here that many of the population express themselves, sharing often contentious news and views. Some deliberately translate everything in English so that stories can disseminate at a quicker rate before being found and censored. Check out www.chinasmack.com as an example. When you add the 221 million blogs and 176 million social network users who also use these platforms to spearhead criticisms of many companies and spread ideas and news, it’s clear to see the game changing impact social media is already having.
As time moves on it will be interesting to see how things develop but one thing’s for sure, with the world’s largest Internet population grabbing the social media gauntlet, the great firewall of China has the hardest job on earth trying to keep control of it.
Over the past 1-2 years group buying has absolutely taken off. While Groupon started the mainstream trend, many other companies such as LivingSocial and BuyWithMe, have sprung up across the country and in specific regions and/or cities.
While a decade ago group buying was often limited to farm stands and fresh produce, these sites have the potential to change consumer behavior and is a major win for individually owned businesses – which now have an easy avenue to attract hundreds or thousands of new customers. Depending on what restaurants offer deals, people going out for dinner will modify their plans to obtain a 50 percent discount on their meals – especially considering some very nice restaurants are participating in group buying. The same goes with other types of businesses.
For consumers, group buying is an avenue to try some place new for half the price (most of the time). Or, if it’s a personal favorite, they can get a discount next time they are at the store.
Just recently the Isabella Stewart Gardner Museum in Boston offered $6 for admission (down from $12) on Groupon. Over 9,000 people purchased this deal, which brought in nearly $55,000 dollars within a couple days. Then there are activities people wouldn’t usually try, but major savings pushed them over the edge. Example number one: a recent Groupon deal for skydiving ($149 down from $235) netted $357,000.
These sites have also been very careful to add in social elements so that buyers can broadcast their purchases on Facebook and Twitter, to share the deal with friends and colleagues. Furthermore, sites offer referral bonuses, so that people are enticed to bring in new group members.
These group buying often consist of meals, spa treatments, hotel packages, golf outings, museum tickets, and more, and as group buying continues to make its way mainstream, Groupon and other group buying companies will be forces to provide more specific regional offers. For example, Boston offers will soon need to be divided between downtown Boston, the north shore, south shore, Metro West, and Worcester area. This is because the audience for these offers is growing, and demands (both from consumers and businesses) will become even more specified and group buying evolves.
We’ve been talking a lot about Facebook this week. The site hit 500 million users on Wednesday and has become a sheer force in our digitally obsessed society. Earlier this spring Facebook made the “Like” button universally available across the world wide web, not just on their own site. Brands and businesses have incorporated the “Like” functionality into their own websites to visually demonstrate customer support. While there was a great deal of buzz about the expanded reach of the “Like” button, there has also been a storm brewing around the concept of a “Dislike” button.
I for one would like to see Facebook add a “Dislike” button. If I can express my support for something so easily, why can’t I express my opposition or distaste? There are nearly 3.2 million people that agree with me who belong to a Facebook group called “Dislike Button.”
There are a few obvious reasons why Facebook has held off: first, there is potential for bullying and hurtful use of the proposed “dislike” button. While I would like to think Facebook users are capable of using the “dislike” button wisely, I am sure there are users that would be abusive.
A second reason is highlighted in a new column by Mashable founder and CEO Pete Cashmore for CNN. In his most recent column, Cashmore explains that the “dislike” button opens door for users to negatively impact the brands and businesses that use Facebook for marketing and promotions. He writes:
“Facebook will never add a Dislike button because it would damage the company’s relationships with brands, businesses and web publishers — these groups are essential for building both web traffic and ad revenue.”
While Cashmore makes a strong point that Facebook does not want to alienate the primary source of its revenue, Facebook has also been known to respond to strong user feedback.
Who do you think will win this debate? Are you on team Like or Dislike?
In a recent blog post, Socialnomics author Erik Qualman shared updated figures on Twitter’s presence in the online search game. Twitter has officially edged out Yahoo! and Bing in number of monthly searches. See graphic below:
At the Aspen Ideas Festival, Twitter founder Biz Stone shared that Twitter now has over 800 million search queries per day, which is a 33% increase from the last time he shared search figures in April (2010).
On his blog, Qualman writes, “We have indicated all along that Twitter & Facebook would be bigger search competition for Google than Yahoo and Bing. The fact that this is coming to fruition so soon is astounding. Social search and social commerce are becoming reality and it’s a great thing to see. Keep in mind we haven’t even mention YouTube and its social search activity.”
To the people who say social media is a fad, or that these sites are unimportant for business I say, think again. Consumers are searching for your products and services on Twitter, Facebook and YouTube and if you are not there, they will find another provider.
Infographics are quickly becoming a media and public relations industry buzz word / topic. Why you ask? Two major reasons. As corporations continue to shift into their role as media companies and content curators, they’re realizing the opportunity to package interesting data to the media and consumers in new ways. More importantly, media organizations and editors are now focusing on finding new ways to engage their readership. Infographics happen to solve both of these problems by packaging data in a way that makes it both engaging and easy to read.
A few weeks ago I sat down with Sam Whitmore of Sam Whitmore’s Media Survey for Racepoint Group’s video newsletter to discuss how brands and agencies can leverage infographics and why they’re becoming the “new slide shows” for media outlets desperate for engaging content. While Sam cautioned that infographics aren’t B-roll (most media outlets like to play a role in building them), he did pass along some interesting insight into how PR practitioners and marketers can leverage the media’s interest in this new category of content.
For more insight on infographics, along with the latest news and trends in marketing, PR and communications in the technology space subscribe to Racepoint’s “The Point: Tech Edition.
Last night Racepoint Group hosted an event about social media and its return on investment (ROI). As social media continues to become a larger focal point in public relations and marketing campaigns, it’s critical to understand how to articulate it’s value to clients.
Last night’s event centered around a panel discussion with three social media experts: Larry Weber, Chairman of Racepoint Group, Erik Qualman, author of Socialnomics and Mike Volpe, VP of Inbound Marketing for HubSpot.
After Larry Weber’s opening remarks, Qualman shared how he first dipped his toe into the digital space by sending a company-wide email instead of the standard hard copy memo. View his story here:
Volpe was up next and shared with the group the origins of his marketing career and the way tracking and reporting on ROI is evolving. Watch him provide tips here:
The evening was full of tremendous ideas and recommendations. The five big takeaways from the panel were:
1) Social media is not about technology. It’s about human interaction. It’s about sharing information and making connections. People who are intimidated by the technology aspect of engaging in social media should not view the applications as a hurdle. It’s simply the current mechanism to maintain relationships and reach out to new people.
2) When it comes to tracking social media, its important to focus not only on the quantitative (number of followers, number of re-postings) but also the qualitative. We need to take into account engagement and tone. Qualman said, “If social media is so trackable, we should just have robots running things. The human element is necessary here.”
3) Everyone and anyone can be a content creator, a publisher, a media property. As we shift away from traditional print and broadcast media, both we and our clients have the opportunity to get innovative and create and distribute our own content. Additionally, content creation should not be isolated to the PR and marketing staff. Volpe shared that, “50% of HubSpot employees have written posts for the HubSpot blog.”
4) Although much of PR and marketing is based in the written word, we need to start thinking more visually. We need to tell stories through pictures and videos. We need to make our content more authentic and dynamic.
5) On a personal level, Volpe stated, “The new resume is what comes up in Google when I type in your name.” As digital and social media continue to play an increasingly vital role in our PR and marketing efforts, we too have a digital and social persona, and that is now what employers are most interested in.
Thank you to Erik Qualman and Mike Volpe for joining us at Racepoint Group last night and providing such pragmatic, realistic, useful and inspiring guidance on the social media ROI frontier. Be sure to follow @equalman and @mvolpe on Twitter for real time updates on their social media adventures. You can also view all the live commentary during the event with the #smroi hashtag here.
