Social media has revolutionized how people communicate with each other and how companies communicate with society. The most common social networks (SN) are Facebook, Twitter, LinkedIn, Youtube and Google+. Understand how people use SN can guide us when attracting and communicating with customers. This article is based on research conducted by the associate professor (Harvard Business School) Mikolaj Jan Piskorski.
Why is social media so popularAccording to Piskorski, "Online social networks are most useful when they address real failures in the operation of offline networks", meaning that a SN works best when it helps people interact in ways that would be very difficult without using that SN. For example, Facebook can be used to organize surprise birthday parties, post pictures of a product launch or LinkedIn can be used to identify customers or showcase your own background if passively looking for a new job. This section of research does not cover LinkedIn.
Findings"People just love to look at pictures," says Piskorski as the research found that 70% of online SN activity was made up of users looking at each others pictures or posting their own. Piskorski believes that this is due to two factors; a voyeuristic tendency in people and peoples desire to highlight what they are doing through photo. The research also finds that men look at pictures of women (they know or do not know) while women tend to look at pictures of other women.
There are more women on Twitter than men, women tweet about the same rate as men, but men's tweets are followed by both sexes. Earlier research by Piskorski suggests that women create fewer links in their tweets than men. "Women actually say things, guys give references to other things."
From Social Media to social strategyMarketers are still struggling with how to use social networking sites to reach potential customers. According to Piskorski treat SN as another advertising channel to promote their products & service and that this is a flawed approach.
The research finds that findings show that people don't click through on advertising on social networks. Piskorski suggests that Suns are most effective when they improve the audience’s lifestyle or help people to interact more. This can be seen by companies organizing networking event, parties or other gatherings such as marathons.
By Robert Farrell.
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