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online audience

A couple of months ago, Adam Japko and I sat down with two of our top editors to discuss the impact of social media sharing on the traditional magazine editorial workflow.  The conversation was stimulating and I thought it would be useful to share some of my notes, since the observations from the meeting form a practical framework for implementing a content-sharing model within a traditional magazine team.  (For background on the content-sharing model, you can see this post from last year.)

Diane Carroll is the editor of At Home in Arkansas and Clint Smith is the editor of Atlanta Homes & Lifestyles. Both have been at the forefront of integrating social media sharing into the day-to-day routine of their magazines.

The work of their teams has contributed to significant increases in web and Facebook activity around the brand.

Our conversation focused on what changes were necessary to execute the social media sharing and about what impact the sharing has had on their market presence.

The Conversation:

Diane opened the discussion by talking about how expanding the social media channels for At Home in Arkansas has changed the way she thinks about people and projects in her market.

She related an example where she was talking with a design resource in her market who wanted to get coverage in the magazine.

In the past, a limited inventory of editorial pages would have prevented her from giving this resource coverage, Diane shared.

With the addition of social media channels, there are multiple ways to share information about this resource with her audience: creating a blog post, doing a Facebook update on the fan page, and, in this instance, inviting the resource to do a guest post for the At Home blog. The resource came through with “a really great post,” Diane shared, that was interesting and useful.

The social media outlets that At Home and Atlanta H&L have developed are big benefits, Clint and Diane agreed, creating an entirely new way of distributing information, creating an interactive and energetic face for the brand and building their brand presence broader in the market. A simple act like updated the Facebook fan page keeps people very engaged, they observed.

The key to integrating social media into the overall workflow is improved long-range planning and execution of the editorial calendar.

Clint and Diane are experienced, seasoned editors, so it was interesting to discover that both of them had created the bandwidth for executing their social media programs by leveraging and improving their execution of an old magazine tool – the editorial calendar.

The focus was two-fold: improving the execution of the long-range features in the magazine editorial calendar, so that they weren’t racing to get pieces finished right at deadlines; and creating an editorial calendar for the social media content, so that they had a clear expectation of what work would get done when by whom.

The first task was to improve upfront planning. Both editors said that their upfront planning and execution on the print issue had improved as they had increased their social media activities. Without being explicit, it was clear that both Diane and Clint had used improvement of the existing processes in order to create the time resources needed to execute their social media plans.

The second task was to make the social media activity more routine. This required taking the same planning approach to social media as was used for the print issues.

Both At Home and Atlanta Homes & Lifestyles have created weekly social media content schedules.

These schedules are designed to achieve several goals:

  • Share all of the content in the issue through the social media channels;
  • Keep a regular flow of content on the brand blog and Facebook pages;
  • Increase interaction with other bloggers in their topic area and market;
  • Increase engagement with the community around their brand.

At Home has structured is weekly calendar around topics:

  • Monday: General post
  • Tuesday & Thursday: Share content from the latest magazine issue. This can be a Room of the Week, or a fashion segment, or a design project.
  • Wednesday: Recruit a guest blog, typically from someone who has been featured in the magazine;
  • Friday: Friday Favorites, a list of links to other blogs and comments that the staff found interesting during the previous week.

Altanta Home & Lifestyle has addressed the structure of its social media sharing by assigning a specific day of the week to different members of the content team. On that day, the team member is responsible for sharing something of value and interest on the blog and the Facebook page

This “staff blogger” schedule has helped to take the anxiety out of trying to make sure some content is being created each day. It also has the benefit of being predictable for the online audience; over time, a reader will notice that one of their favorites posts every Thursday, for example.

Creating a social media schedule shifts the focus and energy of the content teams, both Clint and Diane observed. One change is that the teams begin to look to other bloggers more. They’ve discovered that bloggers have an identity in the market much like top architects and interior designers. By bringing the bloggers into the umbrella of the brand, it increased the magazine’s presence.

Our discussion closed with some observations about the impact of social sharing on the market.

Clint and Diane commented that the “sense of connectedness” was  different. Things are more interactive: they get comments and ideas from a community that is enormously positive.

As editors, they are seeing more and more overlaps among the ways that they distribute information, and are thinking about new ways to integrate things.

In order to continue to draw benefit from this social sharing activity, the editorial teams would benefit from increased access to the results that they are driving, both in terms of audience to specific posts and sections of the web site, as well as the relative value of this audience to any advertising customers.

In the future, the editorial and sales teams will also need to coordinate the amount of audience that needs to get driven into specific sections of the web site and towards specific customer groups, so that the potential number of conversions to client activity is lined up with the expectations of the clients.

Conclusion:

An editorial team needs to implement four steps in order to increase the consistency and effectiveness of their social media sharing program.

  1. Assess and improve traditional planning and workflow:
    Many editorial teams can create incremental time by being more structured in their long-range planning and in creating their larger features with a longer lead time.
  2. Set specific monthly goals for your social media content
    1. Feature magazine content in individual posts
    2. Guest bloggers
    3. Featured blogs and comments
    4. Online-only features
    5. Community engagement
    6. Traffic/audience
    7. Fans
  3. Set up a weekly content plan
    1. Establish a social media content schedule
    2. Assign specific elements or days to individual staffers
    3. Communicate content schedule to entire team
    4. Have monthly meeting to review social media assignments and results
  4. Track results & feedback
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The anatomy of a market shift

by drm on November 25, 2009

Over the past 12 months, we’ve participated in a dramatic shift in the online market place in the multi-family industry.

Screen shot 2009-11-25 at 10.04.55 AM.jpg

As you can see from the table showing the performance of five top multi-family sites, the share of the top 3 has declined by 1.4 million unique users, or 21%, while the share of the next 2 (ApartmentGuide.com and ApartmentFinder.com) has increased by 694,000 users, or 45%. The overall market for the top 5 sites has declined by 716,000 users, or 9%.

The overall decline of the market is a by-product of reduction of demand for investment-grade rental units, driven by the economic downturn, as evidenced by the declining financial performance of leading REITs and the sober outlook for the year ahead. In fact, two other leading multi-family sites, MyNewPlace.com and ApartmentRatings.com, were down a combined 501,000 unique visits versus prior year in October 2008.

All of the media players serving the multi-family market have experienced operating pressure as property managers have reduced marketing budgets and increased their demands for accountability and concessions from the marketplace.

Over at the blog Being Present, Todd Dubner looks at this shift in a more discrete fashion, with details for each of the participants over the last 12 months. Todd speaks to the benefit to online traffic that the distribution of print copies delivers. A very small percentage of traffic at ApartmentFinder.com is driven by paid search; the majority of traffic comes from direct log-ins to the web site and from organic search. This trend is a result of a focused strategy to build traffic from our print distribution and by developing targeted content and a broad social media footprint in order to tap into multi-word searches from apartment shoppers.

I’m intrigued, however, by the order of magnitude of the shift and the relatively small shifts in share of marketing spend that have accompanied this change. I would venture that fewer than 4 points of marketing spend share in a $750+ million market have shifted over the past year, despite the 200 basis point shift in online audience.

http://www.urbandigs.com/shift.jpgThe audience shift has definitely been reflected in significantly higher lead generation at the Apartment Finder business; anecdotally, we know that a similar increase, at least in terms of online lead generation, has been noted at Apartment Guide.

The surplus of marketing options, and the relative changes in performance, create an interesting dynamic in a tightly described market, such as multi-family.

From a purely objective point of view, marketing spend should shift to those media channels that are increasing their value by growing audience share and increasing lead share, while improving the quality of their leads.

In a declining market with seasonal variations, tracking this objective measure is challenging. And, ultimately, determining the quality of a lead in any market means being able to measure the conversion of hard leads — phone calls — into hard activities, such as visits or purchases.  Few businesses have the wherewithal to track these details accurately, never mind in the multi-family space, and, as I’ve noted before, trying to attribute leads to single sources in a market with multiple free information resources misses the benefit of saturating a market with branded messages.

From a subjective point of view, there is a lot of logic to slow shifts in market share.

An important part of working with a media or marketing partner is trust, reliability and continuity. When you shift from one partner to another, you take a risk that the benefit you’ve received from the service will be disrupted in the transition. During periods of shifts in market dynamics, businesses are slow to change their buying habits because of the relative risk of change.

Typically, price can be a lure, but price is rarely the primary reason for making a change from one partner to another.

What happens, then, is that market shifts develop over time, as emerging new forces in the market demonstrate reliability, productivity and trust.

The decision to shift is also influenced by a calculation about whether the market change is structural or marginal.

In the Internet marketplace, share can shift fairly rapidly as new entrants dilute the market or as existing entrants change their investment in acquiring customers. Ironically, the relative ease of transfer experienced by consumers is not equally experienced by the marketer: Each partner has different systems for order entry, billing, service and fulfillment.

In some respects, the changes in the multi-family internet market over the past year are structural. At Apartment Finder, we’ve built our larger audience base by changing our operational approach, not by increasing our overall spend on Internet marketing. We’re only half way through our operating plan and expect to see improvements in audience growth, lead production and lead conversion. Apartment Guide has also clearly shifted their operating model. [For insight into the Apartment Guide strategy, see the investor relations section of their  corporate web site.]

http://www.pixalo.com/gallery/data/500/crystal_ball.jpgIn this challenging environment, I would venture that property managers are acting logically in evaluating their third-party marketing spend by emphasizing  subjective criteria while insisting on accountability and concessions from their favored vendors. They are also acting logically in looking at solutions that can reduce their reliance on third-party marketing while bolstering their own control over lead generation and renewals. (At NCI, we have some interesting visibility into these conversations by virtue of our CommunitySherpa service.

The multi-family marketing landscape has been highly ordered and orderly over the past five years. This past year has witnessed  dynamic market shifts that will  have a profound impact on the size and distribution of marketing investments by property management companies. It is going to take some time to play out, but the landscape will look very different when it is done.

What it will look like and who will sit in which seats? I don’t have that kind of crystal ball!

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Media strategy: The uniqueness of an online audience

November 17, 2009

I’ve been intrigued by the dynamics of the online audiences in the primary markets that we serve at NCI. In the past, I’ve written about the surprisingly low overlap among the visitors to the leading online apartment aggregators (termed ILS’s in the multi-family industry.)
We’re finishing up some interesting research on the different ways that [...]

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