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Why I stopped blogging:

My last post here is dated February 25th. I wish I could say that was the last time I was genuinely interested enough to write and share something pertinent with you guys about brand management or marketing strategy or social business, but that isn’t true. If you scroll back through my posts for 2013 and the second half of 2012, you will probably notice that I was already kind of losing interest in blogging for the sake of blogging. Truth is, sometimes, even someone as outspoken as me just doesn’t have anything really all that pertinent to write about on a blog like this one, and though the discipline to carry on writing “content” day after day anyway is admirable in many ways, I found the exercise pretty much mired in futility.

A friend of mine in the industry told me about a year ago that I needed to publish something on this blog at least 3-5 times per week. He was pretty adamant about it, and I suppose he should know. He has 10x the readership and the twitter followers. He has published 10x more books than I have (I only have the one), he gets paid a shit-ton more than I do to spend half as much time on stage. He’s big time. Career-wise, he is in every way my better. I should listen to him. The thing is, I don’t think that post quantity or post frequency or even an editorial calendar’s consistency really matters. Traffic to this blog remains strong even if I don’t post a single thing for months. I have so many posts here that I could probably never publish anything again and my traffic would stay consistent for the next 3+ years. More importantly, I don’t really care about pulling traffic to my blog anymore. I used to. For ego, mostly. A 12,000 visitor day was like Christmas morning to me once. I felt important and validated. I look back on that now and ask myself what the fuck I was thinking.

Oh yeah… that’s another thing. I probably shouldn’t curse here. This is a business blog. Well, so much for that rule too. I live in the real world, and in that world, people say fuck. In fact, they get pretty creative about it. It may not be everyone’s cup of tea, but at least it’s honest, and there’s a lot to be said for people who aren’t afraid to speak their minds.

I have always prided myself on publishing quality content. As much as I hate the term “content,” I will use it here to describe what you are reading right now, if only to make a point: I stopped doing that months ago. I did. I was just going through the motions. Writing a blog post just because I am supposed to fill space robs a blog like this one of its value. Even though I never intended to shift from publishing quality blog posts to publishing “content,” it’s where I was headed. I woke up one morning and sat at my desk and realized that I was turning into just another social media asshole who publishes shit just to have something to publish. Just to get traffic to a stupid website. Just to see his name mentioned a couple hundred times in a Twitter stream and feel important and validated. That’s not who I want to be and it sure as shit isn’t why I got into blogging. I didn’t like where things were going, and since I didn’t know what else to do, I backed off and worked on other things.

Why some of my “peers” might want to back off for a few months as well:

Top 10 Ways to Create Successful Content

Why Net Promoter Score Is The New ROI

5 Strategies to Better Engage With A social Media Audience

8 Ways Klout Is Revolutionizing Business

11 Reasons Why Google Glass is the Most Important Technology in Human History

Stop. Just stop. Shut the fuck up. Really.

You want to feel important, go do something important, something that actually matters:

Help a company solve a real problem. (Selling them a product doesn’t exactly qualify.)

Help curb domestic violence in your state by even 1/10 of a percent.

Help create a digital bipartisan policy innovation exchange. (Holy shit! Using social media to depolarize discussions about real issues and even crowdsource real solutions to real problems? Shut. Up!)

Develop social business systems and protocols aimed at boosting customer retention (loyalty is a process, not just a marketing buzzword).

Do something. But for fuck’s sake, stop filling empty space with “content.”  It’s gotten so bad, even I was getting sucked into it just to keep up with this shit:

The CMO is dead. 

Digital is Dead. 

Marketing is Dead.

Advertising is Dead.

Print is Dead.

Stop. In case you haven’t noticed, we’re all just writing the same shit over and over again, and most of it is utter nonsense. There’s no value to it. Most of it isn’t even accurate, let alone helpful to anyone. Hell, it isn’t even entertaining. If any of you wrote even one of those blog posts as an email and sent it to your boss, you would probably be fired shortly thereafter for being an incompetent dumbass. So what makes a digital editor or a social media “expert” think it belongs on a blog (or worse, on major pubs’ blogs like Forbes.com or HBR.com or Money.com)?

Please, if you’re that kind of blogger/writer, back away from your computer and give some thought to what you’re about to write. Better yet, go find something relevant to write about. You’re making my brain hurt with this shit. Why are you even here? What are you doing? What value are you bringing to your industry? Stop. Go for a walk or a run or whatever, and think about what you should really be doing instead of throwing your very own personal turds at the same giant pile of turds everyone is already busy throwing their turds at. It’s big enough as it is. It’ll do just fine without your latest “contribution.”

An apology:

Even if my blog posts aren’t quite as awful as some, truth is that it’s been a while since I have contributed anything particularly intelligent or new or even special to our overall conversation. I woke up one morning and I realized I was just creating content, and it really turned me off from the whole thing. That break I just suggested, I took one. I’m not sure I’m really back yet, but I’m back today anyway, and I suppose that’s a start.

I don’t think I need to apologize for my physical absence since my last post on February 25. That was actually a good thing. What I do need to apologize for though, is my substantive absence since whenever the hell it was that I started posting “content” on this blog just to keep the wheels spinning. I let you guys down and I’m sorry. I didn’t mean for that to happen. I’m still trying to figure out exactly how I got sidetracked. Burnout maybe? Caught in the momentum of a flawed trajectory… Maybe it was a bunch of little things. I’ll give it some thought and let you know if I ever figure it out.

What comes next for this blog:

Moving forward, The BrandBuilder Blog will have no set editorial calendar. Maybe I publish something every day for a week, and maybe I don’t publish anything at all for a month. It will all depend on whether I have something relevant to share or even the time to share it. If I have nothing intelligent or pertinent to say, I won’t waste your time pretending that I do. Believe it or not, I don’t have awesome advice to give every damn day of the week. Most days, I’m just like everyone else: busy, confused, and filled with far more questions than answers. I don’t need to pretend that I am an expert or a guru… and though I hope to become an expert at something someday, I sure as shit don’t ever want to be a guru. Robes aren’t a good look for me.

So anyway, stay tuned. I’ll be back with more. Thanks for your patience.

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If you haven’t yet, pick up a copy of Social Media R.O.I.: Managing and Measuring Social Media Efforts in Your Organization. The book is 300 pages of facts and proven best practices to help you build, manage and properly measure your social media efforts against business objectives. (You can go to smroi.net and sample a free chapter.)

If English isn’t your first language, you can smROI is also available in Spanish, Japanese, German, Korean and Italian now, with more international editions on the way.

CEO-Read  –  Amazon.com  –  www.smroi.net  –  Barnes & Noble  –  Que

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 FGS

Facebook Graph Search explained in 15 seconds. It’s really simple. Ready?

Think search your community/network instead of search the web.

That’s all it is.

If that doesn’t work for you, think about search in terms of degrees of separation. Remember David Armano’s influence ripples? Imagine search working the same way. It’s basically search coupled with social relevance.

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If that still doesn’t work for you, here’s Zuck:

ZuckAlso check out Christopher Penn’s insights here. (Relevant to marketing, digital and bizdev pros.)

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Looking for straight answers to real questions about value, process, planning, measurement, management and reporting in the social business space? pick up a copy of Social Media R.O.I.: Managing and Measuring Social Media Efforts in Your Organization. The book is 300 pages of facts and proven best practices. (Go to smroi.net to sample a free chapter first, just to make sure it’s worth the money.)

And if English isn’t your first language, you can even get it in Spanish, Japanese, German, Korean and Italian now, with more international editions on the way.

CEO-Read  –  Amazon.com  –  www.smroi.net  –  Barnes & Noble  –  Que

Read Full Post »

You can actually do the work, or you can fake it and try to make an easy buck. It doesn’t matter what industry or profession you’re in. Athletes cheat. Accountant cut corners. Political consultants adjust poll numbers. Teachers hire surrogates to take their certifications for them. And yes, social media gurus make up magic equations that promise to measure everything from ROI to the value of a like.

We are surrounded by people who have chosen to make bullshit their vehicle of “success.”

Why? Because it’s easier than doing the work. Because it’s a faster path to revenue. Because for every executive or fan or client who sees bullshit or bad science for what they are, there are two or three who won’t know any better and will gladly pay for the next “big” thing.

Selling bullshit isn’t any different from selling anything else: at its core, it’s just a numbers game. You don’t have to sell to everyone. You won’t. You just have to sell to enough people who don’t know better and you will make a living. If you care more about positive cash flow than your reputation, about your next bonus or potential book deal than professional responsibility, about appearing to build value than actually providing any, then you can do pretty well selling complete crap.

Welcome to the world of gurus, of cult leaders, of chief tribe strategists.

About once or twice a year, I run into an example of social media bullshit that I find worthy of sharing with you on this blog. Sometimes, it’s a egregious money-making scheme whose sole intent is to prey on desperate, gullible, underemployed would-be “consultants” looking for an easy in to the “social media expert” space. Sometimes, it’s just bad science – a lousy equation or even a poorly conceived (insert acronym here) “calculator” whose authors didn’t really take the time to test and submit to any kind of legitimate peer review. Assumptions were made. Corners were cut. The whole thing was rushed.

I want to stress that not all social media gurus and self-professed digital experts are out to rip you off or sneak a sordid scheme past your bullshit detector. Many are just scam artists, but many are not. Sometimes, bad science just happens. Bad math, silly equations, erroneous reporting and made-up acronyms don’t get chucked into the FAIL pile because their author didn’t really know any better. Because they didn’t take the time to really put their own work to the test. They weren’t diligent with the proofing and peer review part of their experiment. Whether it’s laziness, incompetence, distraction, convenience or denial is for you to decide. All I know is that regardless of intent or reason, bad math is still bad math, and bad science is still bad science, and none of that ads net positive outcomes for those of us trying to make things work better in the social business space.

Today’s example illustrates how easily this sort of thing can happen. And before I get into the meat of it, let me just say that this post is in no way meant to be a bashing of Dan Zarrella. I’m sure he is very knowledgeable and supremely competent in a number of areas. I don’t know Dan. We’ve never worked on a project together. I have no idea who he is or what he does other than that he works for HubSpot. So what I am sharing here today isn’t meant as an attack on his character or competence or on whatever HubSpot is selling with this VOAL “model.” I just want to show you how easily business measurement nonsense can become “legitimized” by leveraging and combining personal brands, trusted publishing channels, market confusion, and the absence of a legitimate academic peer review process in the publishing of mathematical and measurement models anymore.

So before some of you jump on me for criticizing your best bud, stop. Breathe. Get some perspective. I’m not trying to hurt Dan or Hubspot. I am doing what someone around them should have done before this equation was published. This isn’t me bitching or making noise because I like the attention. This is me explaining something important and making sure that unsuspecting executives and decision-makers don’t fall for the latest flavor of bad social business measurement “science.” We’re never going to get out of this vicious cycle of “hey look at me, I invented a whole new social media equation” bullshit unless we have these kinds of discussions. We need to have them, even when they aren’t pleasant.

This industry is in desperate need of a serious dose of reality.  And if that sometimes comes with a swift kick to the balls, then sorry but that’s just what needs to happen.

An overview of the VOAL Equation:

This week, Dan Zarrella published a piece in the Harvard Business Review blog titled “How To Calculate The Value of a Like.” In it, he attempts to loosely equate the value of a like (VOAL) to ROI, then offers the following equation to calculate this so-called “value”:

The beauty of an equation like this is that virtually no one is going to take the time to try and make sense of it. Most marketing execs looking for a simple and easy way to calculate the ROI of their activities in digital channels will simply assume that the person behind the mathematical model is qualified and smart and competent. In fact, this was one of the argument provided by Dan on twitter yesterday when I questioned the equation.

For sport, we could dig into the equation itself. We could look at all of its components and determine whether they can be thrown into a bucket together, and through the alchemy of selective math, be twisted and bent into a legitimate measure of the value of a like. here’s how it breaks down:

L (Total Likes): The total number of audience members connected to your social media account. On Facebook, these are Likes of your page, and on Twitter, these are followers.

UpM (Unlikes-per-Month): The average number of fans who “unlike” your social network account each month. On Facebook, this is an “unlike,” and on Twitter, this is an “unfollow.”

LpD (Links-per-Day): The average number of times you’re posting links, and potentially converting links driven from your social media account. On Facebook, this is the number of posts you’re making, per day, that lead to a page on your website. On Twitter, this is the number of times, per day, you’re Tweeting these kinds of links.

C (Average Clicks): The average number of clicks on the links to your site you’re posting on your social media accounts.

CR (Conversion Rate): The average conversion rate of your website, from visit to sale or visit to lead. This can be an overall average, but for increased accuracy, use the conversion rate measured from traffic coming from the social network you’re calculating.

ACV (Average Conversion Value): The average value of each “conversion.” In this context, a “conversion” is the action you’ve used to measure CR for. It could be average sale price or average lead value. For increased accuracy, use the average conversion value of traffic coming from the specific social network.

If you went through the process of actually making sense of the equation, you would realize fairly quickly that because the ACV is a subjective value that can be pretty much anything you want it to be, the math can be bent to deliver any kind of “value” you want it to. You might also notice that for whatever reason, “unlikes” are measured monthly but likes are measured along an indeterminate timeline. You might also be driven to ask yourself why LpD (links per day) even needs to be part of this equation or why it is multiplied by 30 (days per month) when the clicks and likes are not.

Let me pause here. The point is that, already, the logic behind equation is already a mess.

What is wrong with this VOAL “model” (first sweep):

1. Its bits and pieces don’t make a whole lot of sense.  We have “total likes” up against “average clicks.” If we have total likes, why not also have total clicks? As an aside, what does one even have to do with the other? (Which brings me to item number 2…)

2. The relationship between the bits and pieces doesn’t make a lot of sense. Why are we multiplying net likes by links per day x30, then again by clicks divided by likes, then again by the conversion rate, and then again by (an admittedly subjective) conversion value? That’s a lot of multiplication. A x B x C x D  = LV? Really? That’s the model?

3. The cost of any of these activities is not taken into account anywhere. Tip: It’s hard to calculate the value of anything without factoring the cost somewhere in the equation. That’s a problem.

4. C = Average Clicks. Okay. Per day? Per month? Per day x 30? What am I even plugging into the equation? Not clear.

5. In what currency is the “value” of a like measured? Is this value a monthly value? An average value? An average monthly value? Is it even a $ value? Not clear. (Again.) What about offline transactions? What about transactions that can’t be measured by a last-click-attribution model? Are they divorced from the “value” of a like?

6. I see no metric for shares or comments. Another major oversight given the importance of sharing and commenting in regards to attention and propensity to click on a link or consider a purchase.

What else is wrong with this VOAL “model” (second pass, caffeinated this time):

For what little time we just wasted on this pointless exercise, we haven’t even touched on the more relevant aspects of why this equation fails to deliver a mathematical solution to the question of like value. Seven of them in particular:

1. A Facebook fan’s value (now called a like) is not the same as the cost of that fan’s acquisition. I bring this up because measuring the value of a like without taking into account the cost of that like makes the process null and void.

Also, give some thought to the difference between page likes (fans) and update/content (likes). What likes are we measuring again? Oh wait… here it is:

L (Total Likes): The total number of audience members connected to your social media account. On Facebook, these are Likes of your page, and on Twitter, these are followers.

So… the equation doesn’t measure those daily “little” likes. The ones that are attached to content and updates. To measure that kind of engagement on a Facebook page, the equation instead looks at clicks on posted links. But for some reason, it looks at average clicks, not net clicks.

????…

(Why? Your guess is as good as mine.)

No details on whether those are average daily clicks or average monthly clicks either. Could they be average hourly clicks x 24 x 30 x 12? No idea.

2. Since “likes” really stand for fans of a page, let’s talk about that: A Facebook fan’s value is relative to his or her purchasing habits (and/or influence on others’ purchasing habits). A like/fan is worth absolutely $0 unless that individual actually purchases something. Let’s start there.

If your intent is to measure fans/likes to transaction dollars attributable to your Facebook page, no need for a complicated VOAL equation. Save yourself the trouble and just measure inbound traffic from Facebook against online sales $. It will only speak to a last-click attribution model (a pretty limited way to measure the impact of a channel on sales if you ask me) but at least it will be much easier to measure and far more accurate than a bullshit equation that makes no sense at all. Then just divide your online sales from Facebook links by the number of fans/likes on your page, and voila. Done. It’s still a crap way to measure the average “value” of your Facebook fans/likes, but at least your math won’t be wrong.

3. Determining the average value of a fan may be interesting as a baseline for other measurements, but give some thought to the fact that each Facebook fan’s value is unique. One fan may engage with your content in a measurable way 300x per month but never spend a penny on your products. Another may engage with your content only on occasion but spend $3K per month on your products. Averaging your fans “value” won’t only give you a false sense of the relationship between likes and transactions, it will also obscure genuine lead generation and customer relationship development opportunities in a space that begs to be social. What’s the value to your business of averaging out net lead generation values again? None. If this is what you spend your time on, you might as well stop wasting your time on social channels.

4. A Facebook fan’s value is also likely to be very elastic. Some customers just have erratic purchasing habits. They might spend $3K with you one month and not buy from you again for a year. Depending on the size of your community and your type of business, this elasticity’s effect on that equation will drive you nuts and won’t help you make sense of what is going on with your Facebook strategy.

5. There is little correlation between a Facebook like and an actual transaction in the real world. (Maybe I should have started with that.)

6. Likes can be bought and/or manufactured, and often are, rendering this kind of equation (even if it made any sense at all) completely worthless. If you have no idea how many fake followers/fans/likes you have and try to measure VOAL you’re basically screwed. Have fun with that.

7. Once again, what about offline transactions? (What about any and all transaction behaviors that don’t neatly fall into a last-click-attribution model, for that matter?) The equation seems to completely ignore the relationship between Facebook fans/likes and offline sales. For most businesses, that’s going to be a tough pill to swallow.

And since I haven’t yet mentioned proxy sales structures (distribution channels, like Ford dealerships vs Ford’s brand pages, or Best Buy vs. HP for instance), maybe this is a good time to bring them up, because this “model” doesn’t address that either. At all. If I ask my local VW dealer to measure his page’s likes against his monthly car sales using Zarrella’s VOAL & digital conversion model, somebody is going to walk out of that discussion with serious hypertension, and a social media manager somewhere is going to be out of a job.

(If you still need convincing, click here for a more in depth discussion.)

Bad Math in Action: Try the VOAL Equation for yourself.

If you can’t make heads or tails of Zarrella’s equation or my explanation, don’t worry. He has built a nice little website for you where you can just fill in the blanks and go see how it works for yourself. Here it is: www.valueofalike.com. Try it. I plugged in several of my clients’ numbers and according to the tool, the average value of their fans/likes seems to hover around $73,736.25.

Yes, you read that right: According to the site’s math, every additional 14 fans/likes I bring to their respective pages amounts to over $1,000,000.00 in value/potential revenue. (Over how long, nobody knows, though evidently, the average fan-customer spending $25/month with them has an lifespan of about 245 years.) My clients will be thrilled to hear all about that. Maybe I should start charging more for my services.

In the meantime, check your numbers against the math and see if you get more accurate results than I did. Maybe I did it wrong. I’ve been known to be wrong before, so it’s possible. Or maybe the calculator is off somehow. That’s possible too. Or am I just missing something? Was I supposed to move a decimal point over at some point?  I’ll try to do this using the long form of the equation later, just to see if I can make it work. Or maybe not. I don’t really care anymore. This whole thing is so stupid, pointless and overly complicated that it’s giving me a genuine headache.

We get it. It doesn’t work. Now what?

Let me share four final things with you and we can all get back to work:

1. If all you are looking to do is determine the average value of a fan/like in the context of a last-click attribution model (linking a transaction to the last link someone clicked on to get to your site before pressing “buy”), then just add up sales $ resulting from inbound traffic from Facebook and divide that by the number of fans/likes on your page. That will tell you the average value of a fan/like – which is to say it won’t really tell you a whole lot but at least you’ll be done in under a minute instead of spending ten minutes filling the blanks of Zarrella’s VOAL equation, and then another week trying to figure out why your numbers look so weird. Bonus: It will be just as useless, but it’ll be so quick that you’ll have more time to get back to doing real work.

Also, if you want to measure the ROI of your Facebook activity, you’ll have to work a little harder at it, but item 3 on this list ought to give you a few simple guidelines that will get you on the right track. What’s nice about it is that my example focuses mostly on linking offline (brick and mortar) transactions to channel activity, and that’s actually harder than linking digital activity to digital transactions. So have fun with it and I’ll be glad to answer any questions.

2. Because Zarrella’s article was published via the Harvard Business Review’s blog, scores of people won’t think to question it. The fact that he works for Hubspot (a reputable company) makes the equation seem that much more legitimate. And because it looks complicated as hell, who is going to take the time to figure out if it actually works (or how)? Nobody.

In other words, the assumption of competence on the part of the author (a) the perceived complexity of the equation itself (b) and the assumption of an editorial review process on the side of the publisher (c) will combine to ease readers into assuming that the contents of that article are solid. This is why we can’t have nice things.

Too many assumptions, not enough fact-checking. Again.

Shame on HBR for not making sure that what they publish has been verified, by the way. It isn’t the first time something like this has slipped through their editorial review process (assuming there even is one). Remember this gem?

Tip: Next time someone tells you they’ve invented a metric, run. Seriously. Turn around and start hoofing it.

3. I spent a little time explaining to Dan on Twitter how to actually measure the value of channels as they relate to actual sales, so you might want to check that out. (Feel free to skip the initial petty bickering and scroll straight to the process I outline in the example.) There are two versions of that exchange for you to pick from:

Rick Stillwell’s capture (go say hello) and Paul Shapiro’s capture (both unfortunately miss a few of our wittier exchanges, but that’s okay. The process part of it is far more important.) That method can be replicated by small and mid-sized businesses with little to no access to social media management tools like Radian 6, by the way. It takes a little work, but it’s simple. And yes, simple works. if you need more details on it, I talk about it in Social Media ROI.

4. Dan and HubSpot: Let me extend the following invitation. If you are serious about building a channel and fan/follower measurement model that actually works online and offline and will bring value to organizations you work with, I will gladly help. I can show you how to do this and how not to do it too. Get in touch if you want to. Or don’t. Totally your call.

For everyone else, also check out this piece by Zachary Chastain on Thought Labs. He gets to the point a lot faster than I do, and with far less bite. And also Sean Golliher’s brilliant piece, which outlines further problems with Zarrella’s VOAL model.

And if you’ve noticed that my writing has been scarce here lately, it’s because I have been writing about digital command centers and real-time social business intelligence over on the Tickr blog. No worries, I’m still here, but I have to split my time between both blogs right now. New project with exciting developments coming very soon, so stay tuned. (And go check it out.)

Until next time, have a great day. 🙂

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Not to take advantage of bad science to sell books, but since I go over real measurement methodology vs. bogus social media “measurement” in  Social Media R.O.I.: Managing and Measuring Social Media Efforts in Your Organization, it’s worth a mention. If you are tired of bullshit and just want straight answers to real questions about value, process, planning, measurement, management and reporting in the social business space, pick up a copy. The book is 300 pages of facts and proven best practices. You can read a free chapter and decide for yourself if it’s worth the money (go to smroi.net).

And if English isn’t your first language, you can even get it in Spanish, Japanese, German, Korean and Italian now, with more international editions on the way.

CEO-Read  –  Amazon.com  –  www.smroi.net  –  Barnes & Noble  –  Que

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Here are a few lessons Gaius Julius Caesar might have taught us were he alive today.  He ultimately met a pretty brutal end, but until that point, the guy was so successful that his last name became synonymous with “Emperor”. (Point of note: the titles “Czar” and “Kaiser” come from the name  “Caesar.”)

1. Six inches of point beats two feet of blade.

The Roman legions conquered most of the known world using javelins and the standard issue short-sword called a Gladius. Contrary to what you may have seen in the movies, the gladius was a stabbing weapon, not a hacking/slicing weapon. Compared to long swords and battle axes wielded by barbarian hordes, the gladius seemed a child’s weapon: Short and dagger-like, not particularly good at slicing. Yet its six inches of stabbing point beat its longer, scarier counterparts in battle. Why? Because the Roman legions were trained to use it properly.

What the Roman legions knew (and the barbarian hordes – including my own people, the Gauls didn’t) is that flailing wildly with long, heavy weapons forces you to commit too much to each attack. Swinging a heavy weapon opens up your guard just long enough for a legionnaire to thrust his gladius from behind a wall of shields and take you down. Not to mention the energy efficiency of a quick thrust vs. a wide swing. Legions used less energy in battle than their ill-trained counterparts, which allowed them to fight longer, thus giving them the ability to win against 2:1 and sometimes 3:1 odds.

Sometimes, the difference between effectiveness and failure lies in how expertly a tool is used. Bigger and better doesn’t guarantee success. Fluency and expertise in the use of very specific tools, however, can turn an apparent disadvantage into a win. A well trained operator with a simple  tool can be much more effective than a less well trained operator with an expensive, more impressive tool. Never take training, focus and discipline for granted.

2. People want to be led, not controlled.

While Julius Caesar was in command of his legions, he was hailed as a hero. His men would have followed him anywhere (and did). Why? Because he led them to victory and glory.

When he returned to Rome after defeating his rival Pompey, Caesar tried to rule Rome as a dictator. That didn’t work so well. In shifting from leadership to absolute control, he stepped over a line that the people of Rome – and even his closest allies – refused to cross with him. The result: Julius Caesar was assassinated by a group of senators bent on making an example of his death to any future would-be dictators. The lesson: Leadership = good. Control = bad.

Leadership implies direction. It promises a better tomorrow. It engages and fascinates and inspires. Control, however, is a crushing weight on liberty that no man ever accepts freely. Control breeds resentment and hatred. It fosters discord and revolution. Be aware of the difference and how your leadership/management style is perceived by the people under your charge. Aim to lead, never to control.

3. “I came, I saw, I conquered.”

A) Everyone loves a winner. The ingredients of leadership may be a brew of courage, vision and intelligence, but its flavor and appeal are the wins. It isn’t enough to be a leader. You have to prove it again and again by pulling off some key victories. Winning gives you something to talk about. Not winning means you should talk less and work more.

B) Brevity goes hand in hand with clarity. It doesn’t get much clearer than “I came, I saw, I conquered.” Even in twitterland, that leaves you more than enough room to add a hyperlink to a PDF that elaborates on such a succinct report.

4. “Experience is the teacher of all things.”

Books are nice. They’re a start. But at some point, you have to DO the thing. You have to build the business. Grow the business. Win market share. Outpace your competitors. Recruit the best minds. Create the culture-changing products. Fix the accelerator glitch. Stop the giant underwater oil leak. Rejuvenate your brand. Redefine your market. This stuff isn’t theoretical. You have to roll up your sleeves and learn the hard way what works and what doesn’t.

Julius Caesar learned soldiering with the rank and file of the Roman legions. He fought in the front lines, shoulder to shoulder with legionnaires. He slept with them, ate with them, drank with them, marched with them and bled with them. Had he not spent years in the trenches doing the work himself, he would not have been the military leader he became. “Experience is the teacher of all things.”

The subtleties of experience trump the best theoretical education in the world. Books will only get you started. You have to go the other 90% of the way through hard work. There’s just no getting around it. If you can’t learn how to be a race car driver by reading books, you certainly can’t learn how to lead an army of run a business that way either.

As for Social Media “certifications,” forget about it. Training (even what I can teach you at Red Chair events) will only get you so far. The only way to get good at something is to do it, and do it and do it until it becomes second-nature. Experience trumps instruction.

Say it with me, out loud so the whole class can hear you: There are no shortcuts.

5. “Cowards die many times before their actual deaths.”

Be bold. Take chances. Don’t hide. Every time you don’t speak up in a meeting, every time you let some jerk at the office take credit for your work, every time you hold off on releasing a product or green-lighting a bold campaign, you are building your house with faulty, weakened bricks.

Winning, being successful, beating the competition isn’t achieved by playing defensively. Every win is a succession of decisions that imply risk and take courage. Likewise, every failure is a succession of decisions marred by fear and cowardice. Learn this.

The same rules apply to your online presence: If you want to find your voice in the blogosphere and on the twitternets, have the courage of your convictions. Speak your mind, even if what you have to say may earn you a few frowns. It is easy to feel pressured by some well-followed “personalities” to keep your mouth shut or not speak against the grain. Don’t let yourself be intimidated. Your opinion is as valuable as theirs, and your point of view just as worthy of expression. Being blackballed by a handful of self-important bloggers isn’t the end of the world. Better to know who your friends and enemies are than to live in fear of retaliation. Speak your mind. Find strength in courage.

Build your house, one courageous decision and action at a time.

6. “I had rather be first in a village than second at Rome.

Some folks are just happy to be there. Others are okay with being top 5. Others yet are content to be #2. Leaders don’t fit into any of these categories. They want to be #1. It’s a personality trait, nothing more. It can’t be faked or learned. You’re either this type of person or you aren’t. Bill Gates wasn’t interested in being #20, so he started Microsoft. Steve Jobs: Same story. Sir Richard Branson: idem. The great leaders of history, whether in antiquity or in our time all share a similar personality trait: #2 is not an option.

Same thing with companies and brands: Would you rather be #1 in a niche market or #3 in a broad market? Which holds the greatest value? Ask Apple where they went with that. Ask Microsoft where they went with it. It isn’t a question of which is the better choice. The question is more personal: Which is the better choice for you?

Note: Incidentally, in the world of Social Media platforms, there is no #2. You’re either #1 in your category, or you are on your way out. In this world, velocity and scale win.

7. “It is not these well-fed long-haired men that I fear, but the pale and the hungry-looking.”

The competition is the hungry kid with an idea, ambition and nothing to lose. Thirty years ago, they were Steve Jobs and Bill Gates. Five years ago, they were Mark Zuckerberg, Jack Dorsey, Biz Stone and Evan Williams. Who’s next? Who will crush Big Advertising? Big Web? Big Print? Big Software? Big Consulting? Big Energy?

If you’re the industry leader, don’t look to your biggest competitors. Instead, look to the kids with the brains, the vision and the huevos to redefine your category and make you obsolete. Likewise, if you’re one of those kids, don’t let the big dogs intimidate you. If you have a better idea, fight for it. Make it happen. Don’t settle for what’s comfortable. Fight. The old guy playing golf with his CEO buddies every other day, he’s given up.

In the long run, my money is always on the hungry young wolf, not the fat one taking a nap in the sun.

8. “It is better to create than to learn! Creating is the essence of life.”

It is better to be a pioneer than a student. Go where no one has gone. Until Julius Caesar marched into Gaul and made it a Roman territory, it was a wild and savage land Rome feared would never be tamed. He had a vision of what could be, and he made that vision a reality.

Henry Ford had a vision. So did Walt Disney. So did the United States of America’s Founding Fathers. So did Steve Jobs, Howard Schultz (yes, I know, he wasn’t the original founder, but he was the one who made Starbucks “Starbucks”), Bill Bowerman, and Branson. Every brand of note, from the Roman Republic to The Beatles focused on creating and building, not just on learning. Learn all you want, but then do something with what you’ve learned. Contribute. Create something of value. Even if it is just a #chat, an idea, a YouTube video, a blog post, a presentation or an app. Create something. Anything.

9. Ask everything of your people, but reward them like kings.

The men who served in Julius Caesar’s legions and survived to the end retired wealthy. Never forget whose work really made you successful. Your employees, your friends, your business partners, your customers… Everyone who contributed to your success deserves more reward than you can afford. never lose sight of that. Executives who treat lowly employees like cattle are epitomes of stupidity and arrogance. In sharp contrast, executives who treat every employee with respect and gratitude are all win in my book. Strive to be the latter, and don’t skimp on rewards. Look a little further than the proverbial gold watch when trying to reward loyalty. Rise above institutional apathy. Yes you can.

Same with twitter followers and blog readers. If they buy your book, if they come see you speak, if they help you in any way, take the time to do something for them. Strive to give back more than you receive.

10. “The die is cast.”

Make decisions. Live with those decisions. It’s that simple. Once you’ve committed yourself and your business to a course of action, to a play, to a tactical path, you’re committed. The time for doubt or indecision is gone. Stay the course and brave the storm. It’s all you can do.

Leadership isn’t for everybody. It takes nerves of steel, sometimes. It’s hard on the soul.

When you fail: Accept responsibility for the failure, learn from it, dust yourself off, and try again. No need to dwell on what you can’t change. Focus on what you can change.

When you succeed: Reward your people and give them all the credit. Don’t stop and rest, though. When you’re winning is when you should keep advancing. Winning is 100%  about momentum. Never forget that.

*          *          *

Want to help improve business through your digital programs? Pick up a copy of Social Media ROI – Managing and Measuring Social Media Efforts in your Organization. It was written to teach managers and executives how to build and manage social media friendly business programs and incorporate social technologies and networks into everyday business operations. The book is divided into four parts: social media program strategy & development, social media program operationalization, social media program management, and best practices in measurement and reporting. If your boss doesn’t yet have a copy, time to fix that. If everyone on your team doesn’t yet have their own copy, fix that too. No bullshit. Just solid methodology and insights. It makes for a great desk reference.

(Now translated into a bunch of languages including German, Korean, Japanese and Spanish.)

CEO-Read  –  Amazon.com  –  www.smroi.net  –  Barnes & Noble  –  Que

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I can’t lie, every time I see a list of top social media or digital “influencers” pop up in my stream, I cringe a little. Why? Because 99% of the time, Top 10/25/50/100 lists are nothing more than linkbait and bullshit. Here’s how it usually works:

Agency/consultancy XYZ feels that it isn’t getting enough attention anymore. Their white papers or “content” aren’t all that great this quarter, traffic and lead gen are down, so they need to think of something to do to salvage their waning relevance. The quickest way to do that is to spend an hour or two creating an ass-kissing list that awards some measure of recognition to a predetermined list of social media gurus. It’s easy enough to do. Most of these lists are essentially clones of each other. If you’ve seen one, you’ve seen them all. The names are always the same and you know what they are. The process is as follows:

1. Google “Social Media, Influencer, Top, List.”

2. Cut and paste social media guru names from any of those lists. Make sure that you don’t include companies or organizations as it will defeat the purpose of the exercise. You’ll understand why in a minute.

3. Cut and paste the reason why they were selected by the person whose list you just ripped off, but change a few words so it isn’t technically plagiarism.

4. Come up with a really cool title.

5. Publish the list on your blog.

6. Ping every single social media guru on the list. Do this every hour until they respond and share your post with their entire network.

7. Remind them to do it again the next day and engage in small talk with them on Twitter and Facebook… err… Google Plus.

8. Enjoy free traffic to your blog for months.

Sometimes, gurus create lists like these themselves. It’s… well, you know. It’s done so much that I don’t even bother getting excited when I see a list of top influencers, top experts, top gurus, whatever, anymore. For the most part, they’re just copies of copies of copies. They provide zero insight into why these folks are experts or even valuable in their fields. They are the product of a lazy, cynical, unoriginal exercise in derivative self-promotion by proxy.

However…

Sometimes, someone takes the time to actually do it right. They take a careful look at an industry, research who does what and how, dig into their track records, weigh their actual influence rather than just their Klout score and the size of their network, and… well, sometimes, they put in the work.

This week, when I ran into BSMi’s 2012 Global Influencer Survey, I expected it to be another clone of top influencer/social media guru lists of Christmases past, but instead discovered a thorough, well-researched report that analyzes in detail what the top experts in three particular fields (social media, marketing and digital) have done this year, and explains why they are the best among us. This one really is different. When you browse through it, you’ll understand why. Clever way of presenting it too.

Just really great work all around from BSMi, as always. Click here or on the image below to check it out. (UK readers, click here.)

From now on, every time a “top” influencer list comes out, I want you to think about what you learned here today. 😉

Cheers,

Olivier

*          *          *

PS: I also blog over at Tickr now, so go check out my posts there. (And take a few minutes to test-drive Tickr’s monitoring platform. Big stuff coming from these guys in the next few months, but shhhhh… I can’t talk about it yet.)

*          *          *

And if you’re as tired of the bullshit as I am, pick up a copy of Social Media ROI – Managing and Measuring Social Media Efforts in your Organization. It was written to teach managers and executives how to build and manage social media friendly business programs and incorporate social technologies and networks into everyday business operations. The book is divided into four parts: social media program strategy & development, social media program operationalization, social media program management, and best practices in measurement and reporting. If your boss doesn’t yet have a copy, time to fix that. If everyone on your team doesn’t yet have their own copy, fix that too. No bullshit. Just solid methodology and insights. It makes for a great desk reference.

(Now available in several languages including German, Korean, Japanese and Spanish.)

CEO-Read  –  Amazon.com  –  www.smroi.net  –  Barnes & Noble  –  Que

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Yesterday, the above infographic popped up on my radar (thanks, V. Harris). At first, I thought “here we go again: another crap social media ROI infographic.” But then I took a closer look and I got it. It’s actually not bad. Well… up to a point.

Part 1 – Showing that basic business literacy is still lacking in the digital marketing space:

Verdict: Good.

Here’s what this part of the infographic tells us:

1. Marketers still mistake metrics like net followers/fans, web traffic, and social mentions (all essentially reach metrics) for ROI. Less than 30% of them consider sales to be an element of ROI. Still.

2. 73% of CEOs think marketers don’t understand basic business terminology and objectives.

3. Is it any surprise that CEOs think that marketers are essentially dumbasses and that social business is bullshit?

If that part of the infographic doesn’t perfectly illustrate the urgent need for an infusion of actual competence on every level of the social business management scale, I don’t know what does. This situation is absurd.

The silver lining: Over 70% of marketers still haven’t read my book, so we still have a lot of potential sales there.

Okay, all kidding aside, the fact that over 70% of marketers still qualify followers and fans as a measure of ROI is… shocking. Seriously. Web traffic? Social mentions? Here’s a fix: Send these people back to school. It’s almost 2013. We should be over this by now. Anyone who still thinks that way needs an intervention. It might have been acceptable in 2008, but not anymore.

Part 2 – Showing some financial outcomes that can be tied back to social media activity (and budgets):

Verdict: Good.

Here, we see examples of social media activity having a direct impact on sales. The cool thing about it is that if you go back and look at how much that social media activity cost (man hours, technology, etc.), you can assign a specific cost to it. If you have the gain figures and the cost figures, you can calculate ROI.

Thumbs-up. More of that, please.

Part 3 – “Last Touch Conversions” and the problem with last-click attribution models:

Verdict: Last click attribution is too limited a model to illustrate the full impact of social media activity on sales.

Here’s where the infographic runs into a wall. We’ve talked about this: It isn’t so much that last click attribution is wrong in assuming a cause and effect relationship between clicking on a link and making a purchase. Clearly, there’s a strong connection there. There’s intent, if anything, and that’s important, so we need to track that and put numbers to it. But focusing too much (or at all) on last click attribution is a lot like looking at consumer behaviors through a simple, robotic, kind of binary lens that only accounts for a very small fraction of the customer journey. It completely ignores the dozen (if not hundreds) of other triggers that led a consumer to eventually click on that link and decide to make a purchase.

Last click attribution doesn’t take into account the full scope of discovery (that is to say, how a consumer found out about the brand and/or product). It doesn’t take into account the impact of advertising, marketing, PR, media exposure and word-of-mouth recommendations. It doesn’t take into account the months, weeks, days or hours of research done by the consumer before clicking on that link. In other words, the entire decision process that takes place before a purchase (discovery, research, preference and validation) is excluded from the last click attribution model. Months of social interactions: gone. Customer service experiences: gone. We’re down to attributing a transaction to the very last thing a consumer did before pulling out a credit card. That’s a lot like a military unit attributing a victory in battle to the last bullet fired. Focusing only on the final few minutes of a long and complex customer journey is terribly-short-sighted, and that sort of methodology (and mentality) drags us into a ditch of assumptions as to cause and effect that generally leads to poor consumer insights and ultimately investments in the wrong types of activities.

Last click attribution is easy, sure, but since when does easy trump smart or relevant? The truth is that it’s a lazy mode of thinking. That’s right, I said it: It’s lazy.

A couple of weeks ago, we looked at how Ohtootay helps companies move beyond last click attribution (and last touch conversions) to map how consumers actually behave – that is to say how they shop. It’s a good start. We need more of that kind of thinking and more of that kind of insightful application of technology. The objective for businesses and marketing teams has always been this: to understand consumer behaviors and how to affect them in a way that leads them to notice, want, buy and ultimately recommend products. Last click attribution doesn’t do that. It’s a snapshot of the final step in a long transaction funnel. That’s all. You want to measure ROI? You want to know what’s working? You want to fine-tune the way your traditional marketing, social channel activity, customer service, product design, packaging, retail experience and competitive landscape work together (or don’t)? Great. Then you’re going to have to work a little harder to figure out how all the pieces fit, and how to make them fit even better.

Personally, I think that’s half the fun of the marketing profession: figuring out what works and what doesn’t – and why, solving those kinds of problems, fine-tuning and then fine-tuning some more… That’s what marketing is about: making it work. Understanding how to move all of those needles so your company or product team gets what they want, and your customers do too. Do it right and everyone walks away happy. That’s the goal. Happy customers, happy product managers, happy investors, job creation on the back end… That’s the big picture, one piece of the daisy chain at a time.

So a word of caution: If you’re not into asking questions, doing research, or caring enough to bust your ass to do real work, hard work – sometimes tedious work – to kick ass, maybe you shouldn’t be in the marketing business. There’s a reason why 73% of CEOs think that marketers lack business credibility. It’s because of laziness and apathy. Every marketing pro who still hasn’t learned how to explain the relationship between ROI and social media contributes to that credibility problem. Every marketing pro who still uses last click attribution as their go-to metric to gauge the effectiveness of a social channel contributes to that credibility problem. Every marketing pro who isn’t working in concert (hell, in tandem) with a product group and a sales department contributes to that problem.

Give that some thought. And if that isn’t enough to give you pause, maybe this will: If you work in marketing, 73% of CEOs right now can’t figure out why they’re paying you. And you know what? They’re looking for someone better.

Fix that.

*          *          *

Social Media ROI – Managing and Measuring Social Media Efforts in your Organization was written specifically to teach managers and executives how to build and manage social media friendly business programs and incorporate social technologies and networks into everyday business operations. The book is divided into four parts: social media program strategy & development, social media program operationalization, social media program management, and best practices in measurement and reporting. If your boss doesn’t yet have a copy, time to fix that. If everyone on your team doesn’t yet have their own copy, fix that too. It makes for a great desk reference.

(Now available in several languages including German, Korean, Japanese and Spanish.)

CEO-Read  –  Amazon.com  –  www.smroi.net  –  Barnes & Noble  –  Que

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Yesterday, I promised you a post that would help hiring managers identify key skills and abilities needed in a prospective hire looking to fill a social media manager role. Note that we are talking about management, not just content creation or community relations. Before I get into it, a few considerations:

1.  This list isn’t complete. It is meant to help guide you and point you in some key directions, but you’re going to have to add a few requirements of your own and ignore the ones that don’t apply to your specific needs.

2. Every company has different capabilities and objectives. Every company will also look at social media’s role in a  completely unique way. Some will see it merely as a digital marketing function while others will see it as a fully integrated component of an organization-wide communications ecosystem. Because every company is unique, every social media management position’s requirements will also be unique. Keep that in mind.

3. Are you hiring someone who will help you build a social media program from scratch, or are you hiring someone who will manage an existing social media program? Because the requirements for each won’t be the same.

4. Are you a small, medium, local company, or are you a global consumer brand? Because again, the degree of complexity (internal to the org and external to the org) will require completely different types of resumes.

5. Are you looking to fill a strategic role or a tactical role? Strategic = more vision and planning oriented. Tactical = more day-to-day, operationally oriented.

6. Are you a niche or specialty brand in an obscure industry, or an international superbrand? Because again, the req is going to look different based on that.

7. Is your social media program purely internal or are you working with one or five or twenty agencies as well?

8. Is your social media program focused on lead generation and fan acquisition, or is it also focused on customer development, customer retention, and/or organic WOM? Again, huge differences in skill-sets and abilities to consider there.

9. How many departments will this role be working intimately with? Mostly digital marketing, or also HR, Customer Service, Product Management, Technical Support, PR and R&D?

10. Is your brand a challenger? A rebel? Conservative? Academic? Irreverent? Political? Apolitical? These things matter. Hire someone who understands who you are and will fit within your culture and brand ecosystem.

Right off the bat, you kind of have your work cut out for you. Building out a req for your social media management role is going to require a little more work than just throwing together some bullet points and filling the blanks on a standard x years of blogging experience bullets. This is not an exercise in generic job req design. There is nothing generic about this hiring process.

Here are a few bullets for you:

Basic skills & qualities:

  • Applicant has had a continuous professional presence in the Social Media space (via blogs, Twitter, Facebook, Ning or other platforms) for at least two years.
  • Applicant has managed a business blog and/or business community for a minimum of one year.
  • Applicant has built or managed a community for longer than one year. (This could be as a product manager or customer service rep, for instance.)
  • Applicant demonstrates a thorough knowledge of the Social Media space, including usage and demographic statistics for the most popular/relevant platforms as well as a few niche platforms of his/her choice.
  • Applicant demonstrates a thorough understanding of the nuances between Social Media platforms and the communities they serve.
  • Impeccable communications skills.
  • Applicant understands the breadth of tools and methods at his/her disposal to set goals and measure success in the Social Media space. (Applicant’s toolkit is not limited to Google analytics.)
  • Applicant has been active on Twitter for more than two years.
  • Applicant knows who Scott Monty, Frank Eliason, Jeremiah Owyang, Porter Gale and Christopher Barger are, and can explain why these names are important to the social media profession.
  • Applicant can explain succinctly why buying followers and fans is both unethical and counterproductive.
  • Applicant demonstrates a high level of proficiency working with popular Social Media platforms and apps such as FaceBook, Twitter, LinkedIn, Flickr, Ning, Seesmic, YouTube, FriendFeed, WordPress, Pinterest and Tumblr. (As applicable.)
  • Applicant is capable of mapping out a basic Social Media monitoring plan on a cocktail napkin.
  • Given 5 screens to play with, applicant can build you a social media monitoring control center in just a few days.
  • Applicant can cite examples of companies with successful social media programs and companies with ineffective social media programs. He/she can also argue comfortably why each was either successful or unsuccessful.
  • Applicant has spent at least one year working in a customer-facing role, preferably customer-service related.
  • Applicant is more excited about engagement, building an internal practice and finding out about your business’ pain points than he/she is about firebombing you with the awesomeness of their personal brand.

Advanced skills & qualities:

  • Applicant has developed and managed marketing programs before. Not just campaigns but programs. Find out about them. What worked? What didn’t work? Lessons learned?
  • Applicant has at least two years of experience managing projects and working across organizational silos. What worked? What didn’t? Etc.
  • Applicant has managed a brand or product line for more than one year.
  • Applicant has demonstrated a strong ability to forge lasting relationships across a variety of media platforms over the course of his/her career.
  • Applicant understand the difference between vertical and lateral action when it comes to customer/community engagement – and has working knowledge of how to leverage both.
  • Applicant has managed national market research projects.
  • Applicant is comfortable enough with business measurement methods to know the difference between financial impact (ROI) and non-financial impact. He/she also knows why the difference between the two is relevant.
  • Applicant demonstrates the ability to build and manage a Social Media practice that works seamlessly with PR, product marketing, event management and customer support teams within the organization.
  • Applicant has managed a team for more than one year. He/she was responsible for the training and development of that team.
  • Applicant has spent at least one year in a project management role outside of an ad agency, PR or other Marketing firm.
  • Applicant has been responsible for managing a budget/P&L.
  • Applicant already has the framework of a Social Media plan for your company before he/she even walks through the front door, and thankfully, it doesn’t involve setting up a fan page on FaceBook.

Enterprise & Global CPG skills:

  • All of the above, but with 5 – 10+ years of experience instead of 1 – 3.
  • For everything else, scale up.

What you shouldn’t waste a whole lot of time worrying about:

  • The applicant’s age.
  • The applicant’s Klout or Kred scores.
  • The applicant’s number of followers on Twitter or fans/likes on Facebook.*
  • The applicant’s SxSW or blogworld stories.
  • How many Top 10, 15, 20 or 100 lists the applicant is on.

* Less than 1,000 Twitter followers is suspect. Unless they are a media celebrity, more than 75,000 Twitter followers is suspect as well.

All right. You still have some work to do, but that ought to get you started.

Other sources:

Social Media ROI – Managing and Measuring Social Media Efforts in your OrganizationParticularly Chapter 6 (pages 73-82).

The Social Media Strategist: Build a Successful Program from the Inside Out – by Christopher Barger

Smart Business, Social Business: A Playbook for Social Media in Your Organization – by Michael Brito

I hope that was helpful.

Cheers,

Olivier

*          *          *

Social Media ROI – Managing and Measuring Social Media Efforts in your Organization was written specifically to teach managers and executives how to build and manage social media friendly business programs and incorporate social technologies and networks into everyday business operations. The book is divided into four parts: social media program strategy & development, social media program operationalization, social media program management, and best practices in measurement and reporting. If your boss doesn’t yet have a copy, time to fix that. If everyone on your team doesn’t yet have their own copy, fix that too. It makes for a great desk reference.

(Now available in several languages including German, Korean, Japanese and Spanish.)

CEO-Read  –  Amazon.com  –  www.smroi.net  –  Barnes & Noble  –  Que

Read Full Post »

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