Marketers who use social media for their business need to recognize that people use Twitter and Facebook for different reasons – and understand how consumers want to engage with each platform to effectively leverage their power.
To understand what works for companies that use social media for brand engagement and awareness, Arvind Malhotra, a strategy and entrepreneurship professor, and Claudia Kubowicz Malhotra, a marketing professor, married their research interests in a series of studies on Twitter, Facebook and YouTube.
“Not all social media are created equal,” Kubowicz Malhotra said. “The most important takeaway in our research is that marketers need a unique strategy for each platform.
The researchers mined data, analyzed it and developed best practices for using social media for maximum impact. MIT Sloan Management Review published their work with Alan See, chief marketing officer at MindLeaders, in “How to Get Your Messages Retweeted” and “How to Create Brand Engagement on Facebook.”
In their Twitter study, the Malhotras studied retweeting as an indicator of word-of-mouth marketing between companies and their followers. “You have a relationship with a brand like you would with a person,” Kubowicz Malhotra said. “Social media platforms allow you to do that.”
Retweeting spreads the message to followers’ networks, and each retweet comes with an implicit – and sometimes explicit – endorsement by the sender. For a restaurant to call itself the “best in town” is one thing; it’s quite another to read a friend’s tweet that adds, “It really is, try the fish.”
The Malhotras sampled 47 companies spanning diverse areas: retail (Whole Foods, Best Buy and CVS), restaurants (McDonald’s, Pizza Hut and Starbucks), car manufacturers (Audi, Chevrolet and Harley-Davidson), electronics (Sony, Nokia and Samsung), luxury goods (Gucci), consumer products (Pepsi, Coca-Cola and Kraft), computer equipment (Dell and Microsoft), airlines (Southwest, JetBlue and Virgin Atlantic), telecommunications (AT&T), apparel (Gap and Nike) and entertainment (ESPN, MTV, Disney and Carnival Cruise Lines).
They identified characteristics that produce a higher number of retweets and developed best practices that companies use to increase retweets by up to 70 percent.
[This article has been reproduced with permission from research from the UNC Kenan-Flagler Business School: http://www.kenan-flagler.unc.edu/]