Executive Summary: Is Social Media Monitoring just an academic exercise, or can it lead to concrete benefits to the Brand? We conducted a Monitoring exercise to find out. The chosen domain was iPod and iPhone speakers and docks. To know more about what we found, read on. (Hint: It was the latter)
The method used for conducting this Social Media Monitoring exercise was essentially similar to the previous exercises carried out by us (Online Travel Sector in India and Hybrid Cars – Whats the Social Media Buzz). The study differed however, in that we completely focused on deriving points of action from it. We specifically chose this particular market (iPhone and iPod docks) to conduct the exercise, because it was very close to another market/domain (iPods and iPhones themselves) which have a very high level of noise. We would have to ensure, therefore, that the search was very well defined, so that the number of irrelevant results retrieved would be kept in check. The entire exercise involved:
- Identifying the appropriate search terms to enter into the Social Media Monitoring tool, so as to reduce the number of irrelevant results retrieved. (We restricted the searches to retrieve four days worth of data, June 12th to June 15th)
- Running the searches, and allowing the Software to perform a first level classification of the results.
- Our Social Media Executives cleaning up the results, to remove all the irrelevant ones.
- Higher level, intelligent classification, categorization by our Executives.
- Analyzing these results to extract points of action, and identifying influencers.
Our learning:
If I was a company about to launch an iPod Dock/Speaker system, what would be the features I would ensure that my product had? Apart from the obvious feature, viz. Good Audio output, our monitoring exercise revealed two features which were highly appreciated:
- Compatibility with different generations of iPhones/iPods: What may seem to be an obvious enough feature, was not present in some models (eg. Bose SoundDock Portable). Conversely, whenever a mention was made of a dock which had this feature, it was highly praised (eg. GenevaSound Medium).
- Ability to charge your device while music is being played: This feature, as well, wherever present was highly praised (eg. Harmon Kardon Go + Play). Yet, not all systems seem to have this feature.
On Social Media, Issues resurface, constant vigilance is required. The Bose SoundDock Portable, mentioned above, had a problem. Days after the 3G iPhone was released on 11th July 2008, people started talking about issues with the SoundDock Portable. While charging the iPhone 3G, the dock made a popping/clucking sound, every 5 minutes. This was reported on a particular thread on the Apple Support forums. We saw users helping each other, recounting their interactions with Bose’s support (which incidentally, did not reply in the thread). The problem was solvable, requiring the users to send the dock to Bose, who would modify it and send it back. As it happens, three new posts was posted on the the same thread, on 15th June 2009 (which is why the tool picked it up). These people had the same issue, one year later, and still had to help each other solve it.
Action Required:
We identified results, which merited response as ‘Action Required’ results. They were further classified into ‘Action Required: First Level Response’ and ‘Action Required: Escalate to Customer Service’. Within these four days, we found three results on which we determined action would be required, in terms of escalating those three results to Customer Service. They were all related to the Bose SoundDock and problems associated with the same. The first Action Required result was about Bose SoundDock not being able to charge a users iPod Touch. The second and third results were from the apple support forums, with users talking about the popping/clucking sounds being made by the SoundDock Portable.
Influencer Identification:
From among the various sources where iPod docks were spoken about, Social Media Monitoring also helps us identify the influencers, viz. sources with the widest reach. While the largest number of reviews of various iPod docking systems were on the blog Smart Reviews Online, the popularity rating for this particular blog was 2 (out of a maximum possible rating of 10). On the other hand, the blog Geek.com, which did not always talk about iPod docks, had a popularity rating of 10 (highest rating possible). The only talk about iPod docks on geek.com in this time frame was about the passPORT home dock enables the Soundock to charge iPods while playing them. Another big influencer, with a popularity rating of 10 (source with highest reach or popularity) was, unsurprisingly Apple’s support forums, which had a single thread active, with only three posts during this time frame. It became clear, that frequency of posting (which may lead to a particular blog/channel being seen as influential) may not really be the most popular source.
The above study is an illustration of how monitoring Social Media can very clearly be used to derive well defined and specific action steps. It also helps in identifying which are the most influential sources of information about your product or brand.
The categorization done by our analysts, opens up opportunities for some interesting insights. First let us look at what is the ratio of relevant to irrelevant results from the one’s extracted by the tool:
How do users percieve your brand? What are the thoughts, words they associate with your company? We can analyze the themes being touched upon on Social Media, when people are talking about your brand. In this example, we did this themes analysis on the entire set of relevant results, viz. across brands.
In the tag cloud shown above, larger the size of the word/tag, more closely it is associated with the brand (in this case across brands). The above cloud, for example reveals that the word ‘System’ is very closely associated with speakers/docks, something which should be considered while thinking of a branding strategy for your next product. The word ‘dock’ is individually bigger than ‘speaker’, however, the word ‘speakers’ also figures prominently in the tag cloud.
Now that we know the themes being touched, we want to see which domains have the maximum volume of conversations about iPod Docks and Speakers (a reminder, we are doing this study for the four day period from 12th June to 15th June. It can easily be conducted for longer durations, and on an ongoing basis). The most popular domains, which spoke about iPod speakers, were as per the following image:
If we look at the above graph carefully, we see that there are two posts on Craigslist. Which means there is probably a resales market for iPod docks. We classified these posts concerning resale, and now we can see, which brand has the most resale related posts for the given duration:
These resale related posts were not restricted to Craigslist alone. Done on an ongoing basis, this can help identify the size of the resale market for a particular brand, or even a particular product.
In previous Social Media Monitoring exercises, we have seen some basic data analysis, including Ratio of Tone within brand, Tone analysis related to product etc. As we can see in this post, much more complex and insightful analysis is possible.
Your questions/comments are invited. What other insights would you like to be able to draw from Social Media?
If you wish to download the White Paper for this study (PDF), you can visit the Resources Page on our website.