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February 11th, 2011: What We’re Talking About: Social Media Monitoring
by Kris Adler

We all know the phenomenon by now. Frumpy old lady gets on a British talent show. Sings her lungs out. Jaws drop.  The next day, she’s an internet sensation because her Youtube video has gone viral and everyone’s grandma and cat goes out and buys her CD a few weeks later. She goes on to have the best selling female debut album (700,000 copies in the first week) in recorded Billboard history. The Susan Boyle brand is born over night and the cash registers are ringing.

The online viral effect has certainly gone beyond amusing, yet trivial videos that coworkers show each other during lunch breaks. It now has the true potential to be a huge money maker for unknown brands with their ears to the earth, looking to make it big. If harnessed correctly, social media can be a direct connection to emerging trends amongst the digital socialites presenting the clear need for social media monitoring.

Social media monitoring as a research tool is still in its infancy, and has yet to be fully exploited. In the past, if researchers were tasked with finding the next big liquor brand and could not get a hold of some nice juicy advertising spending reports, they would have to go into the wilderness that is the club scene, and awkwardly tally popular drink orders on their clipboards at “happening” hip-hop parties, which would make the task awfully cumbersome and time consuming. But now through social media monitoring, it is possible to leave the lab coat on the hanger and simply have software monitor what the internet is buzzing about. And it is much less expensive than traditional media monitoring and research methods.

The Patron brand is a case study in effective word of mouth marketing and social media monitoring. Patron was able to capitalize on a growing trend in hip-hop music where artists would call out specific liquor brand names and build a social, urban culture brand that dominates the ultra-premium tequila segment.

For the past month, Luminosity has been tracking Patron tequila mentions across all the major social media platforms for a brief glimpse into one of the most successful viral marketing stories in social media to date. In the single month of January, Patron was trending at roughly three times the daily brand mentions compared to the other major liquor brands included in the study. When The Game’s Purp & Patron mixtape was released on January 31st, the brand’s mentions more than doubled, increasing the volume of chatter to four and a half times that of the next competitor Bacardi. Patron is getting all this additional buzz and awareness without spending a dime. Remarkably, Patron has been able to garner all this brand cachet through the street credibility it has gained over the past decade, rather than through critical acclaim.

The key to effective social media monitoring is timing and adaptation. The earlier you catch something brewing, the faster you can jump on board and actively promote that aspect of your brand to help it tip into the mainstream. It is also important to continually improve the accuracy of monitoring by refreshing key terms to adapt to how users communicate about your brand (e.g. Smirnoff would have had to  track “icing” mentions). In the neurotic social media world, active monitoring is essential for creating the next big thing.

How can social media monitoring improve your brand?

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5 Responses to “What We’re Talking About: Social Media Monitoring”

  1. Hello there. I found your blog through Yahoo. This is an extremely well written article. I will make sure to bookmark your site it and return to read more of your useful info. Thanks again for the post. I will certainly be returning.

  2. gail rodgers says:

    Personally, I did not need some nouveau hip artist to tell me about Patron….I found Patron Silver more than a dozen years ago, but then again, I am not in the target market. The tie-in of hip hop and the trappings of the good life, is ironic, considering hip hop rose out of the anything but good life streets. But as you rightly point out, the immediacy and pervasiveness of social media dramatically increases the odds of a strategically placed product blowing up faster than ever before. Products like Patron, champagne, and some car companies, will reap big returns on very small investments.

    • Kris Adler says:

      Yes, Patron was one of those small brands that had the great fortune of coming to light right when social media was taking off. And social media has the potential to spread any aspirational brands, whether they be liquor, or fashion, or even random products like the Bugaboo stroller that every rich mom has to have. Thanks for your comment.

  3. Eric says:

    Great article. I admit that I first heard of Patron when it was mentioned in songs by hip-hop artists like 50 Cent and Kanye West. It doesn’t surprise me that many top-shelf liquors have benefited from hip-hop’s burgeoning popularity.

    • Kris Adler says:

      I also must concede my first encounter with it was through Lil Jon’s beautiful hymns of debauchery and excess. And then everyone who wanted a “classy” tequila always got Patron at college parties.

 
 
 
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