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Communities
    of Purpose




         What are Communities of Purpose? Who is using
          them, and how? How to overcome specialist
      issues?All the questions brands should answer before
                setting up a specialist community.


Authored by Tamara Littleton                                                              June 2010

Authored by                                                                          Date
     For more information call Tamara Littleton on +44 (0)20 3178 5050 www.emoderation.com
                                                                                        26
     eModeration Ltd :: The Media Village :: 131-151 Great Titchfield St :: London :: W1W 5BB :: UK
                                                                                           2012
eModeration white paper: Communities of Purpose

Table of Contents
             Type chapter title (level 1)                                                                                                                           1
 Type chapter title (level 2) ..................................................................................................................................................... 2
    Type chapter title (level 3)of Purpose
         Communities .............................................................................................................................................. 3
           A guide for Brands and Community Managers
            Type chapter title (level 1)                                                                                                                            4
 Type chapter title (level 2) ..................................................................................................................................................... 5
    Type chapter title (level 3) .............................................................................................................................................. 6
             Introduction
                   What is a community of purpose?
Contents            The rise of single-goal or single-purpose communities
                Creating a community of purpose: defining a community’s Bookmark not defined.
             Contents                                             Error! goals and values
                Being social in a regulated world ..................................................... Error!facing brands defined.
                  Managing a community of purpose: addressing the issues Bookmark not
                Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
                         o Engaging versus informing
                The opportunities for social media for financial services companiesError! Bookmark not defined.
                Setting theEncouraging community users to share experiences and help each
                         o rules of engagement ...................................................... Error! Bookmark not defined.
                Crisis and risk management over social media ............................. Error! Bookmark not defined.
                                    other
                              o Can you extend the lifespan of the community past its initial goals?

Contents                      o What should you do if the decision has been made to close a
                                    community?
             Contents                                                                                                  Error! Bookmark not defined.
                   Resources / further reading
                Being social in a regulated world ..................................................... Error! Bookmark not defined.
                Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
                The opportunities for social media for financial services companiesError! Bookmark not defined.
                Setting the rules of engagement ...................................................... Error! Bookmark not defined.
                Crisis and risk management over social media ............................. Error! Bookmark not defined.

           eModeration: The Guide to Social Media Engagement for Financial Organisations




                                                                                                                                                                        2
eModeration white paper: Communities of Purpose

Table of Contents
              Type chapter title (level 1)                                                                                                                           1
  Type chapter title (level 2) ..................................................................................................................................................... 2
     Type chapter title (level 3) .............................................................................................................................................. 3
            Introduction (level 1)
             Type chapter title                                                                                                                                      4
  Type chapter title (level 2) ..................................................................................................................................................... 5
    TypeAs the online(level 3) .............................................................................................................................................. 6
         chapter title world matures, social communities are splintering into groups, with consumers
            becoming smarter about how and where they spend their time. Shared interest communities
            and communities of purpose – those with a single aim, or goal – offer brands a great way to
Contents previously hard-to-reach consumers with a very specific demographic profile, need, or
      target
            interest.
              Contents                                                                                Error! Bookmark not defined.
            This paper, authored by eModeration's Head of Community Ashley Cooksley, focuses on
            communities of in a regulated world are and who is using them (and how); questions brands
               Being social purpose: what they ..................................................... Error! Bookmark not defined.
            should answer to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
               Who wants before setting up a specialist community; the issues facing community
               The opportunities for social media for financial services companiesError! Bookmark not defined.
            managers; and – importantly – how to overcome those issues, and manage a community of
               Setting the rules of engagement ...................................................... Error! Bookmark not defined.
            purposeand risk management over social media ............................. Error! Bookmark not defined.
               Crisis effectively.

            We spoke to a number of experts both from outside and within our own organisation, who
            gave valuable insight into managing different kinds of communities. This paper answers the
Contents
      biggest questions of managing a community of purpose, and later we’ll address some of the
            other, more specific topics we discussed over on our blog.
             Contents                                                                                  Error! Bookmark not defined.
            Our particular thanks go to: Leah Williams, Community & Social Media Manager at Breast
            Cancer Care; Patrick O’Keefe, owner of iFroggy Network and author ofBookmark not defined.
               Being social in a regulated world ..................................................... Error! 'Managing Online
               Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
            Forums'; Alison Michalk, Director of Quiip and ex-community manager for Essential Baby at
               The opportunities for social media for financial services companiesError! Bookmark not defined.
            Fairfax Digital Australia; Blaise Grimes-Viort, Head of CommunitiesError! Bookmark not defined.
               Setting the rules of engagement ...................................................... & Social Media at National
            Magazine Company and Hearst Digital and Vanessa DiMauro, CEO of LeaderNetworks.
               Crisis and risk management over social media ............................. Error! Bookmark not defined.

            eModeration: The Guide to Social Media Engagement for Financial Organisations




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eModeration white paper: Communities of Purpose

Table of Contents
              Type chapter title (level 1)                                                                                                                           1
  Type chapter title (level 2) ..................................................................................................................................................... 2
     Type chapter title (level 3) .............................................................................................................................................. 3
            Whatchapter title (level 1) of purpose?
            Type is a community                                                                                                                                      4
  Type chapter title (level 2) ..................................................................................................................................................... 5
    TypeFirst, let’stitle (level 3) .............................................................................................................................................. 6
         chapter define what we’re talking about here. For the purposes of this paper, we’re defining
            a community of purpose as an online community of people with a common, clear, defined
            goal. That could be a community that helps you give up smoking, supports students through
Contents
      university, or aims to raise money (or awareness) for a particular cause. It could be a Twitter
            group (we’ve started our own list of interesting communities of purpose Tweeters here), a
              Contents                                                                                Error! Bookmark not defined.
            Facebook community, or – increasingly – an online community created by a brand for a
            specific purpose, toregulated world ..................................................... Error! Bookmark not defined.
               Being social in a be achieved over any given period of time.
               Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
               The opportunities for social media for financial services companiesError! Bookmark not defined.
            What we’re not talking about, to be really clear, are communities built around a shared
               Setting the rules of engagement ...................................................... Error! Bookmark not defined.
            interest, andwithmanagement over social media ............................. Error! Bookmark not defined.
               Crisis but risk no single defined goal (like Mumsnet or iVillage – although of course, there
            may be purpose elements within these sites, such as a pregnancy section within iVillage).
            Roughly speaking, communities of purpose divide into two main groups:

Contents 1. Those that offer support to achieve a goal, in the medium to long term. Examples of
                     ‘support’ communities would be Weightwatchers; Open University (which has a
              Contents                                                                               Error! Bookmark not defined.
                     student community that supports students while they are studying); or Essential Baby,
               Being social in a regulatedthrough their pregnancy and the early years of their not defined.
                     which supports mums world ..................................................... Error! Bookmark child’s life.
               Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
               The opportunities for social media for financial services companiesError! Bookmark not defined.
               Setting the rules ofcreated around an event or campaign, with Error! Bookmark not defined.
                2. Those that are engagement ...................................................... a short-term goal. For
               Crisisexample, listeners to BBC’s 6 social media ............................. Error! Bookmarkstation as it
                      and risk management over Music staged a campaign to save the radio not defined.
                         was threatened with closure, setting up the ‘Save 6 Music' campaign: this has a very
            eModeration:single, short-term goal.
                 clear, The Guide to Social Media Engagement for Financial Organisations




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eModeration white paper: Communities of Purpose

Table of Contents
              Type chapter title (level 1)                                                                                                                           1
  Type chapter title (level 2) ..................................................................................................................................................... 2
     Type chapter title (level 3) .............................................................................................................................................. 3

              Type chapter title (level 1)                                                                                                                           4
            The rise of single-goal or single-purpose communities
  Type chapter title (level 2) ..................................................................................................................................................... 5
     Type chapter title (level 3) .............................................................................................................................................. 6
            In the real world, small communities have always sprung up around specific goal-based
            activities (from going to a slimming group to taking part in a street protest). Social media
Contents much wider access into these communities. David Cushman, in his blog post
      allows
            ‘Communities of purpose are the business units of the 21st century’ refers to the ease with
             Contents                                                         Error! Bookmark not defined.
            which groups with a shared goal can create interest groups on Facebook, reaching out to a
            larger audience than would have been possible previously; and yet he Bookmark not defined.
               Being social in a regulated world ..................................................... Error! points out that
            Facebook inhibits‘engage’ with real communities to form, beyond basic forum discussion on
               Who wants to the ability for their bank? Banks are boring, right?Error! Bookmark not defined.
            group sites. So, brands are starting their own communities that sit within their own home defined.
               The opportunities for social media for financial services companiesError! Bookmark not
               Setting the rules of engagement ...................................................... Error! Bookmark not defined.
            territory (rather than just on Facebook or MySpace), and to great effect.
               Crisis and risk management over social media ............................. Error! Bookmark not defined.

            Single-issue campaigning is a defining characteristic of our times. The Hansard Society’s latest
            ‘Audit of Political Engagement' (2009) charts the increase in recent years of single issue
Contents
      political campaigning, and polling shows that young voters in particular are more likely to
            lend their support to a party on the basis of a single issue. In our own white paper, ‘How to
            moderate teens and tweens’ we examined the impact that cause marketing cannot defined.
              Contents                                                            Error! Bookmark have on a
            young audience. a regulated world ..................................................... Error! Bookmark not defined.
                 Being social in
                 Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
            It isThe surprise, then, for social media for financial services companiesError! Bookmark not defined.
                  no opportunities that brand marketers – including those from third sector organisations -
                 Setting the rules of engagement ...................................................... Error! Bookmark not defined.
            are capitalising on this and creatingsocialown single issue communities.BookmarkVillage is a
                 Crisis and risk management over their media ............................. Error! Pampers not defined.
            great example of a community with a very clear commercial purpose: to create a support
            network for mothers at very Social Media Engagement - i.e. during pregnancy and the early
            eModeration: The Guide to specific points of their lives for Financial Organisations
            childhood years. Of course, the reason for doing this is commercial – Pampers is creating a
            community that has value to its target audience to encourage them to buy Pampers’
            products – but, done well, consumers will happily play ball.




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eModeration white paper: Communities of Purpose

Table of Contents
              Type chapter title (level 1)                                                                                                                           1
  Type chapter title (level 2) ..................................................................................................................................................... 2
     Type chapter title (level 3) .............................................................................................................................................. 3
         Creating a community of purpose: defining a community’s goals and values
         Type chapter title (level 1)                                                                                                                                4
        Any community should be clear in its purpose, and in defining the time it will take to achieve
  Type chapter title (level 2) ..................................................................................................................................................... 5
     Typethat purpose. In Anthony Mayfield’s words: “...those purposes might last a few hours or a few
          chapter title (level 3) .............................................................................................................................................. 6
            decades. That purpose might be the marketer’s fantasy of grouping around the purpose of
            buying a product, celebrating a scrap of content, or a politician’s nightmare of an organised
Contents
      populace come to dictate terms on a piece of legislation.”

             Contents                                                                                  Error! Bookmark not defined.
            Here is our list of things a brand should consider when creating a community of purpose:
               Being social in a regulated world ..................................................... Error! Bookmark not defined.
            Create the ‘burning imperative’. their bank? Banks are boring, right?Error! Bookmark not defined.
               Who wants to ‘engage’ with A successful community must have a clear purpose: a
               The opportunities for social media for financial services companiesError! Bookmark not defined.
            reason for people to join it, whether that be a communal goal such 'Vote for this Political
               Setting the rules of engagement ...................................................... Error! Bookmark not defined.
            Party', 'Raise money for that Charity'social individual one, such as Error! Bookmark not defined.
               Crisis and risk management over or an media ............................. losing weight, stopping
            smoking, getting pregnant. This will define how you treat, incentivise and reward members.


            Vanessa DiMauro, an expert on creating B2B communities, sets out the need for a ‘burning
Contents
      imperative’:

              Contents                                                                                  Error! Bookmark not defined.
                   “The key requirement that surrounds the formation of any professional or business-to-
               Being socialcommunity is that there needs to be a burning imperative—a driving need—
                   business in a regulated world ..................................................... Error! Bookmark not defined.
               Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
                   for people to share information. You need to ask “Who are these people? What are
               The opportunities for social media for financial services companiesError! Bookmark not defined.
               Setting the rules How do they like...................................................... Error! Bookmark not defined.
                   their needs? of engagement to interact?” Break your constituencies into different
               Crisis and risk personas to predict social of their ............................. Error! Bookmark not defined.
                   groups of management over some media requirements, both informational and
                   social. For example, “How much moderation do they need? How much handholding?
            eModeration: The Guide to Social Media EngagementhowFinancial Organisations
                Are they a self-sufficient group that can look up for to do things in a technical wiki? Or
                do they need more interpersonal interactions with the community builders? How do
                      they like information? Are they deeply interactive and going to do more volunteering?”


            Bring value. Understand what value your community brings members and potential
            members. If you’re struggling with why consumers should come to your site, chances are they
            will struggle, too. Value can be many things – it could be exclusive content, or offers, or the
            chance to connect with other people who share the same aim or purpose, or access to
            information that’s hard to find elsewhere. Or a combination of all the above. Check that
            what you’re offering isn’t available anywhere else.


            Richard Millington, the online community builder, says on his Feverbee blog that the one
            statement brands should complete is this one: “People will participate in this community
            because...” Millington allows you 12 words, and this should be the site’s mission statement. It’s
            a great way to define the community’s purpose. "The more specific, the better [...] One more
            crucial rule, it has to improve the life of the member. No-one's going to participate because it
            boosts the company's quarterly earnings."




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eModeration white paper: Communities of Purpose

Table of Contents
              Type chapter title (level 1)                                                                                                                           1
  Type chapter title (level 2) ..................................................................................................................................................... 2
        He gives some examples:
     Type chapter title (level 3) .............................................................................................................................................. 3

        People will participate in this community because they want great advice from recovering 4
         Type chapter title (level 1)
        alcoholics.
  Type chapter title (level 2) ..................................................................................................................................................... 5
     Type chapter title (level 3) .............................................................................................................................................. 6
            People will participate in this community because they want to build their reputation as a
            great gamer.
Contents
            People will participate in this community because they might find a perfect partner.
             Contents                                                        Error! Bookmark not defined.

            People will participate in this community because it helps them get a dream job. not defined.
               Being social in a regulated world ..................................................... Error! Bookmark
               Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
               The opportunities for social media for financial services companiesError! Bookmark not defined.
            “Washing machines don’t bring people together”. A great quote, again from Richard
               Setting the rules of engagement ...................................................... Error! Bookmark not defined.
            Millington, who makes the point that having a good product is not a good enoughnot defined.
               Crisis and risk management over social media ............................. Error! Bookmark reason to
            create a community, and this is why so many branded communities fail – they haven’t got
            the value bit right. If they get this right, even a product that has seemingly no community
            appeal can form part of a successful community. Staples’ Facebook Page is a great
Contents
      example of this.

             Contents                                                                                   Error! Bookmark not defined.
            Stay relevant to your brand. To be credible, a community should have relevance to your
            brand. It would in a regulated worldexample, for a chocolate brand to Bookmark not defined.
                Being social not be credible, for ..................................................... Error! set up a community
                Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
            for slimmers, even though the two issues may be targeting a similar audience demographic.
                The opportunities for social media for financial services companiesError! Bookmark not defined.
                Setting the rules of engagement ...................................................... Error! Bookmark not defined.
            Agree the timeframe for the community. Be clear ............................. how long you expect
                Crisis and risk management over social media from the outset Error! Bookmark not defined.
            people to participate within the community. Few goal-focused communities will have lifetime
            value for a consumer (unless its objective is the lifetime for Financial Organisations
            eModeration: The Guide to Social Media Engagement management of a health condition,
            for example). If the community has a definitive timeframe, create your 'exit strategy' at the
            outset. Determine how this will be communicated to your members, and when. More
            information about this will follow at the end of this document.


            Set goalposts, to motivate users. Understand when a user is flagging in their resolve or
            motivation, and carry them with you, to avoid losing them. Community builder, Nancy White,
            talks about 'heartbeats’ that make up stages of a community – small goals and
            achievements that people can reach and that keep them motivated within the community.
            For example: achieving your first week of exercise (the motivation might be what that week
            means in terms of improved fitness); achieving your first weight loss goal; or reaching the
            communities first target for donations. As Chris Brogan puts it: “Success is made of little
            victories."




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eModeration white paper: Communities of Purpose

Table of Contents
             Type chapter title (level 1)                                                                                                                           1
 Type chapter title (level 2) ..................................................................................................................................................... 2
    Type chapter title (level 3) .............................................................................................................................................. 3
           You can reward little victories by having the Community Manager and Power Users ensure
       that these successes are shared and celebrated by posting messages within the community. 4
        Type chapter title (level 1)
       This can also be done graphically through an integrated badge system that automatically
 Type chapter title (level 2) ..................................................................................................................................................... 5
    Typerewards title (level 3) .............................................................................................................................................. 6
         chapter members for reaching pre-determined milestones. For example, 'DawnF' has posted
           100 times within the community / has lost 10 pounds of weight / has run a marathon / has
           received a 5-star rating on a message board post.
Contents
           Set clear guidelines. Patrick O Keefe talked to us about the importance of clear guidelines in
            Contents                                                                                  Error! Bookmark not defined.
           a community, to set out the vision, style and tone of the site:
              Being social in a regulated world ..................................................... Error! Bookmark not defined.
              Who wants to ‘engage’ with their bank? Banks statement. They talk about who you are
                  “Community guidelines, for me, are a vision are boring, right?Error! Bookmark not defined.
              The opportunities for social media for financial services companiesError! Bookmark not defined.
                  and who you want to be.
              Setting the rules of engagement ...................................................... Error! Bookmark not defined.
              Crisis and risk managementdetail social you can and cannot do, but Bookmark not defined.
                  “My guidelines not only over what media ............................. Error! in doing so, they also
                  illustrate who we are in plain language. Once in a while, you get someone who feels
                     like they need to be able to use vulgar terms or say that this or that is stupid. And then I
                     have to tell them that that isn’t what we’re about and that they may need to look
Contents             elsewhere. Your guidelines, your publicly available vision statement, allow you to say
                  such a thing with confidence. They always give you something to point to, that
            Contents                                                                                  Error! Bookmark not defined.
                  everyone has access to.”
              Being social in a regulated world ..................................................... Error! Bookmark not defined.
              Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
           Blaise Grimes-Viort makes sure that the terms and aims of the site are disseminated
              The opportunities for social media for financial services companiesError! Bookmark not defined.
           throughout it: rules of engagement ...................................................... Error! Bookmark not defined.
              Setting the
              Crisis and risk management over social media ............................. Error! Bookmark not defined.
                  "I create a page outlining the site or community's mission statement in friendly
           eModeration: The Guide to Social Media Engagement for Financial OrganisationsGuidelines
               language, and link to it from the Terms & Conditions page and Community
               pages. I then try to spread little reminders throughout the tools, particularly on the
                     content submission sections, to encourage members to follow these aims when
                     contributing."




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eModeration white paper: Communities of Purpose

Table of Contents
              Type chapter title (level 1)                                                                                                                           1
  Type chapter title (level 2) ..................................................................................................................................................... 2
     Type chapter title (level 3) .............................................................................................................................................. 3

            Managing a community of purpose: addressing the issues facing brands
             Type chapter title (level 1)                                                                                                                            4
  Type chapter title (level 2) ..................................................................................................................................................... 5
    TypeEngaging versus informing
         chapter title (level 3) .............................................................................................................................................. 6

            There are some great information-based branded sites out there (Bupa is a good example of
Contents that provides thorough information on health issues to Bupa members). Information sites
      a site
            are useful in positioning a brand as an expert in a particular area, and have a valuable role
             Contents                                                                                  Error! Bookmark not defined.
            to play, if informing is your strategy. But if getting people to act is your goal (donate money,
            share experiences, lobby government, buy health products and so on),Bookmark not defined.
               Being social in a regulated world ..................................................... Error! then a community
            should engage audiences. with their bank? Banks are boring, right?Error! Bookmark not defined.
               Who wants to ‘engage’
               The opportunities for social media for financial services companiesError! Bookmark not defined.
               Setting the rules of engagement ...................................................... Error! Bookmark not defined.
            Of Crisis and risk management over social media ............................. Error! Bookmarkmeans in
               course, engagement is a much-overused term in social media circles. What it not defined.
            practical terms is including content with which people can interact; tools that let them share
            information; discussion forums and the ability to personalise content. Nancy White advises us
            to ask questions because:
Contents
                     “…if you say everything you know, then people go: "OK, that's good. I'm done." But
              Contents                                                                                  Error! Bookmark not defined.
                    questions are a natural way for humans to interact. And this is whether you are face-to-
                Being social in a regulated world ..................................................... Error! Bookmark not defined.
                    face or whether you are online. You ask me a question, you engage me. I want to
                Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
                    answer, I want to respond.”
                The opportunities for social media for financial services companiesError! Bookmark not defined.
                Setting the rules of engagement ...................................................... Error! Bookmark not defined.
            If the purpose ofmanagement over social media ............................. Error! Bookmark not defined.
                Crisis and risk the community is information-based, ask your members questions that you
            think someone can provide valuable answers to (“What are the best home remedies for
            clearing a clogged kitchen sink?”). If your community is support-based, ask questions about
            eModeration: The Guide to Social Media Engagement for Financial Organisations
            their experiences – encourage them to tell their stories and to share on an emotional level
            (“How did you talk to your children about a loved one passing away?”).


            Leah Williams says how important it is to understand what community users want from their
            experience. She told us:


                      “People do want clear, accurate information, and our website provides that. But when
                      they come to the forum, they want to talk to other people who understand what they
                      are going through. Whether it’s people who have been diagnosed at the same time, or
                      with the same type of cancer, or who live in the same area, or who have the same
                      type of family set-up, people want to give and get support, share experiences, talk
                      about current issues and get practical tips. That’s what brings people back day after
                      day.




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Table of Contents
             Type chapter title (level 1)                                                                                                                           1
 Type chapter title (level 2) ..................................................................................................................................................... 2
    Type chapter title (level 3) .............................................................................................................................................. 3
                     “However, in common with most communities, we have a lot of people who browse,
        Type read and take away information but don’t post. Some of them use the private
              chapter title (level 1)                                                                                                                           4
 Type chapter title (level function instead, and we’re also looking at introducing smaller steps to
             messaging 2) ..................................................................................................................................................... 5
              contributing to get over people’s initial fears.”
    Type chapter title (level 3) .............................................................................................................................................. 6

           She also talked about creating the right kind of environment to help people get involved:
Contents
                  “Maintaining a friendly, open, welcoming and supportive atmosphere on the forum is
            Contents                                                                                   Error! Bookmark not defined.
                  also extremely important, and this is something we put quite a lot of energy into. At a
              Being social in people are feeling .....................................................don’t want to step into the
                  time when a regulated world quite vulnerable, they really Error! Bookmark not defined.
              Who wantsof a brawl.” with their bank? Banks are boring, right?Error! Bookmark not defined.
                  middle to ‘engage’
              The opportunities for social media for financial services companiesError! Bookmark not defined.
              Setting the rules of engagement ...................................................... Error! Bookmark not defined.
           Patrick O’Keefe emphasises the importance of explaining what a Error! Bookmark not defined.
              Crisis and risk management over social media ............................. community member will
           gain from interaction:


                     “Everyone is different. They are the ones that have to decide if the kind of assistance
Contents             your community can offer will be beneficial to them. And then, if they do, they must
                  also decide how much they wish to share of themselves since these can be sensitive,
             Contents                                                                                 Error! Bookmark not defined.
                  personal matters.
              Being social in a regulated world ..................................................... Error! Bookmark not defined.
              Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
                  “The best thing you can do is make them aware of the possibility of interaction and the
              The opportunities for social media for financial services companiesError! Bookmark not defined.
                  perceived benefits of doing so and provide them with the opportunity. Perhaps most
              Setting the rules of engagement ...................................................... Error! Bookmark not defined.
              Crisis and risk managementsafe, friendlymedia ............................. Error! Bookmark not defined.
                  importantly, maintain a over social and supportive environment where [each] one
                     can feel free to share of themselves without fear of being ostracized.”
           eModeration: The Guide to Social Media Engagement for Financial Organisations
           In talking about the value to community members of sharing experiences with other similar
           people, rather than just taking expert advice from a site, Alison Michalk says:


                      “Research has shown that Mums in particular value the opinion and experience of
                     other mothers. This has been vital to the success of our community as members value
                     the varied, multiple responses rather than reading an expert or professional piece. They
                     also want to be able to ask more questions so even articles written by Mums don't
                     provide the same level of engagement that members' seek.”


           Vanessa DiMauro explained her approach to identifying the levels of engagement that a
           community member might be prepared to make, and how to overcome the feeling of 'risk'.
           By 'risk', she means the feeling of exposure, of potential embarrassment, of putting your head
           over the parapet which participation can bring. In her experience, getting a member to do
           something 'low risk', such as taking a poll, rating content or suggesting a resource, acts as a
           “gateway activity to greater participation.”




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eModeration white paper: Communities of Purpose

Table of Contents
             Type chapter title (level 1)                                                                                                                           1
 Type chapter title (level 2) ..................................................................................................................................................... 2
    Type chapter title (level 3) .............................................................................................................................................. 3

           She says:
            Type chapter title (level 1)                                                                                                                            4
 Type chapter title (level 2) ..................................................................................................................................................... 5
             “It is important to create opportunities for member participation for all people in the
   Type chapter title (level 3) .............................................................................................................................................. 6
                     member lifecycle – from newbies to experienced members. This includes creating a
                     portfolio of engagement opportunities that combine low risk and higher risk activities.
Contents             By low risk I mean, engagement activities that do not require a large leap of faith to
                  participate but enable a member to make themselves visible on the community. It is
            Contents                                                                                  Error! Bookmark not defined.
                  focused on providing activities that allow the member to DO something online.”
              Being social in a regulated world ..................................................... Error! Bookmark not defined.
           Once this is achieved, the member may go Banks engage in ‘mid-risk’ activity, such not defined.
              Who wants to ‘engage’ with their bank? on to are boring, right?Error! Bookmark as
              The opportunities for social media for financial services companiesError! Bookmark not defined.
           participating in a forum on a topic “with no right or wrong answer”, before engaging at a
              Setting the rules of engagement ...................................................... Error! Bookmark not defined.
           ‘higher risk’ level:
              Crisis and risk management over social media ............................. Error! Bookmark not defined.

                     “By higher risk engagement, I mean an activity that requires the member to expose a
                     detail of their practice or share something about themselves – an idea or a point of
Contents             view. This is focused on supporting members’ ability to think online.”

            Contents                                                                                 Error! Bookmark not defined.
           Having a Community Manager encouraging all levels of participation is a great way to
           mitigate the 'risk' by regulateda friendly and welcoming community so that, in particular, new
              Being social in a creating world ..................................................... Error! Bookmark not defined.
              Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
           members will not feel intimidated or threatened by the perception of an existing clique.
              The opportunities for social media for financial services companiesError! Bookmark not defined.
           DiMauro also tells her clients how important it is to reward members, to keep them not defined.
              Setting the rules of engagement ...................................................... Error! Bookmark motivated
           and engaged: management over social media ............................. Error! Bookmark not defined.
              Crisis and risk

           eModeration: The Guide to Social Mediabehaviors by thanking members, featuring members,
               “Reinforce community-enhancing Engagement for Financial Organisations
               sending “knowledge-gifts” or [by giving them] access to special events.”


           Encouraging community users to share experiences and help each other


           Shared experience is a strong basis for any kind of community. Even when a site encourages
           users to focus on an individual goal, that is defined by and personal to them, it is some strand
           of common experience (the ‘social characteristic’) that will bind them together in the
           community.


           But it may matter if users share misinformation within a community, and the community
           manager has to tread the fine line between wading in with corrections (and risking stopping
           a discussion completely) and providing the correct information. Nowhere is this more
           important to get right that on communities like Breast Cancer Care. From Leah Williams:




                                                                                                                                                                        11
eModeration white paper: Communities of Purpose

Table of Contents
             Type chapter title (level 1)                                                                                                                           1
 Type chapter title (level 2) ..................................................................................................................................................... 2
            “There is a difficult balance to be struck between making sure people are sharing
    Type chapter title (level 3) .............................................................................................................................................. 3
                     accurate information and shutting down open discussions. If, for example, people are
        Type sharing information 1)
              chapter title (level about treatments or diet, and we wade in and post Breast Cancer 4
             Care’s position, that could have the effect of shutting down the whole discussion. If
 Type chapter title (level 2) ..................................................................................................................................................... 5
    Type chapter titleis a discussion that we have concerns about, we refer it to our clinical team at
              there (level 3) .............................................................................................................................................. 6
                     Breast Cancer Care, to assess whether we need to intervene. Usually other users will join
                     in the discussion and often post what we would have posted so people are getting a
Contents             balanced view without us needing to intervene. If we do need to, a member of the
                  clinical team will draft a response and we will post it on their behalf, so people know it
            Contents                                                                                  Error! Bookmark not defined.
                  has come from our team of nurses."
              Being social in a regulated world ..................................................... Error! Bookmark not defined.
           Having accessto ‘engage’ withinformation on a community like this is important. Leah defined.
              Who wants to authoritative their bank? Banks are boring, right?Error! Bookmark not
              The opportunities for social media for financial services companiesError! Bookmark not defined.
           Williams says:
              Setting the rules of engagement ...................................................... Error! Bookmark not defined.
              Crisis and risk management over social media ............................. Error! Bookmark not defined.
                  “Because the forum sits within our broader Breast Cancer Care website, people have
                     easy access to the information we produce about relevant issues, and it is easy to refer
                     people to the accurate information we have already produced.”
Contents
           Often, community users will be self-motivated to help others on the community, and
             Contents                                                                                 Error! Bookmark not defined.
           identifying and appreciating those users is important. Patrick O’Keefe said to us:
              Being social in a regulated world ..................................................... Error! Bookmark not defined.
              Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
                  “Appreciation is a powerful thing. The people that do help others, do your best to
              The opportunities for social media for financial services companiesError! Bookmark not defined.
                  make sure they are appreciated. If someone makes a great post, but no one has
              Setting the rules of engagement ...................................................... Error! Bookmark not defined.
              Crisis and risk management overfor making it and for sharing that information. People who
                  replied, you can thank them social media ............................. Error! Bookmark not defined.
                     are truly appreciated will be more likely to stay on your community. That sounds like it
               should be evident, but it is very powerful.”
           eModeration: The Guide to Social Media Engagement for Financial Organisations

           If you can identify and encourage these members from the outset, they could potentially
           become your most dedicated users ('Power Users'), and help you to motivate and support
           their fellow community members.


           Can you extend the lifespan of the community past its initial goals?
           What happens within a community once the members within have met their individual
           targets: can you persuade them to stay? For example, can you create value in being a
           member of a ‘stop smoking’ site once a member has given up? How can you keep them
           engaged (so they can recommend the site to others trying to stop smoking, and provide
           encouragement within the site)?
           Or what if the short-term community has achieved its group goal: do you leave it alone and
           let your members just drift off of their own accord? Invent a new purpose? Close it down?




                                                                                                                                                                        12
eModeration white paper: Communities of Purpose

Table of Contents
             Type chapter title (level 1)                                                                                                                           1
 Type chapter title (level 2) ..................................................................................................................................................... 2
       According to O’Keefe:
    Type chapter title (level 3) .............................................................................................................................................. 3

        Type “The overriding principle is that, generally speaking, your community is more than its 4
             chapter title (level 1)
             purpose. Having a purpose is great, but people build relationships that go beyond that
 Type chapter title (level 2) ..................................................................................................................................................... 5
              purpose. They bond, they discuss other things and they engage with people on
    Type chapter title (level 3) .............................................................................................................................................. 6
                     different levels. So, even though they may have accomplished their goal, the
                     friendships they made on that road have a strong possibility of being special to them.
Contents             They still want to talk with these people in the same venue they always have.”

            Contents                                                                                  Error! Bookmark not defined.
           Blaise Grimes-Viort puts it:
              Being social in a regulated world ..................................................... Error! Bookmark not defined.
              Who wants tooften enjoy going over their old contributionsright?Error! Bookmark not defined.
                  "Members ‘engage’ with their bank? Banks are boring, and being able to follow the
              The opportunities for social media for financial services companiesError! Bookmark not defined.
                  process they have followed to reach their goal, such as planning a wedding. Opening
              Setting the rules of engagement ...................................................... Error! Bookmark not defined.
              Crisis andgeneralist areas forover socialto remain in touch can help keep them engaged
                  more risk management members media ............................. Error! Bookmark not defined.
                  and provide help and support to new members. Concentrating on side effects to their
                     lifestyle, such as exercise and healthy eating in the case of your smoking cessation
                     example, can also extend their community lifecycle."
Contents
           Some members will want to stay on the community to share their experiences with others, to
            Contents                                                                                 Error! Bookmark not defined.
           give something back to a community that has helped them achieve a goal, or just to be part
           of something that’s regulated world ..................................................... Error! Bookmark not can
              Being social in a important to them. By continuing to involve these people, brands defined.
              Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
           create community ambassadors who will, in turn, bring other members and experiences into
              The opportunities for social media for financial services companiesError! Bookmark not defined.
           the community, which allow it to evolve and thrive.
              Setting the rules of engagement ...................................................... Error! Bookmark not defined.
              Crisis and risk management over social media ............................. Error! Bookmark not defined.
           But other members won’t want to stay. Accepting this, and understanding why members
           leave, is all part of a thriving community, Engagement for on his community building blog,
           eModeration: The Guide to Social Media says Martin Reed,Financial Organisations
           Community Spark:


                     “Sometimes, your online community may simply no longer be relevant to some of your
                     members. Your community may be based around conception methods. You might lose
                     some members once they fall pregnant. Your challenge is to make your community
                     relevant to members after their original objectives have been met. Encourage that
                     member to remain and offer advice – give them some status and authority.”


           But if they don't? The community has succeeded, and helped the individual reach their goal.
           Let them go, and move on.




                                                                                                                                                                        13
eModeration white paper: Communities of Purpose

Table of Contents
              Type chapter title (level 1)                                                                                                                           1
  Type chapter title (level 2) ..................................................................................................................................................... 2
     Type chapter title (level 3) .............................................................................................................................................. 3

              Type chapter title (level 1)                                                                                                                           4
        What should you do if the decision has been made to close a
  Type chapter title (level 2) ..................................................................................................................................................... 5
    Typecommunity? 3) .............................................................................................................................................. 6
         chapter title (level

            Unfortunately, decisions are often made to close a community of purpose. There are many
Contents
      reasons why communities will end; some include problems with ongoing funding once a
            campaign or product launch has ended. It could also be that someone has determined that
              Contents                                                                                  Error! Bookmark not defined.
            the community has come to a natural end with few interactions and low traffic spelling its
            demise. social in a regulated world ..................................................... Error! Bookmark not defined.
                 Being
                 Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
                 The opportunities for social media for financial services companiesError! Bookmark not defined.
            If traffic and the lack of interaction is a problem, there are solutions that should benot defined.
                 Setting the rules of engagement ...................................................... Error! Bookmark
            investigated riskprevent closingovercommunity. Has a dedicated Community Manager been
                 Crisis and to management the social media ............................. Error! Bookmark not defined.
            in the community to interact with its members, engage them on their profiles and within other
            community forums, and to welcome all of the new members? Have the 'Power Users' been
            identified, encouraged and provided with incentives to keep the community engaged? Is
Contents content fresh and engaging? If a forum is part of a larger site, has it been properly
      the
            integrated and signposted from the rest of the site? Has the marketing team promoted the
              Contents                                                                                   Error! Bookmark not defined.
            community externally? Have you Tweeted, Facebooked and, generally, shouted about your
            community? If not, perhaps this could resolve your traffic woes. Error! Bookmark not defined.
                 Being social in a regulated world .....................................................
                 Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
                 The opportunities for social media for financial services companiesError! Bookmark not defined.
            If, however, closingof community is inevitable, consider taking theError! Bookmark not to
                 Setting the rules a engagement ...................................................... next two key steps defined.
            ensure you don’t leave a bad taste social media ............................. Error! Bookmark not defined.
                 Crisis and risk management over in your community members’ mouths. After all, they have
            invested their time, energy and wisdom with you. By not providing any information or warning
            eModeration: The Guide to Social Media Engagement for Financial Organisations
            about the impending closure, you potentially create community-wary members who will think
            twice before engaging elsewhere.


            Let your community members know that you are planning on closing the community, and
            when. Ideally you would be able to give them enough advance notice so they can make
            arrangements to go elsewhere. By alerting them to the upcoming change, this will give them
            a chance to say their “goodbyes” and to also ensure that they have a way of continuing to
            connect with the friends they’ve made. This message can be posted throughout the
            community by your Community Manager, posted on the front page of the community,
            and/or sent via a newsletter to all of your registered community members.
            If you have the time, it would be helpful to provide your community members with
            suggestions of similar communities where they can move to. For example, if you run a
            parenting community, find other parenting communities that you can post the links to so that
            your members may find a new “home” to continue their discussions.




                                                                                                                                                                         14
eModeration white paper: Communities of Purpose

Table of Contents
              Type chapter title (level 1)                                                                                                                           1
  Type chapter title (level 2) ..................................................................................................................................................... 2
     Type chapter title (level 3) .............................................................................................................................................. 3
            And finally...
         Type chapter title (level 1)                                                                                                                                4
        We hope we've provided some valuable insights into the particular challenges and rewards
  Type chapter title (level 2) ..................................................................................................................................................... 5
     Typeof managing(level 3) .............................................................................................................................................. 6
          chapter title a Community of Purpose. Our thanks once again to all those who contributed
            to this white paper for their wisdom, so much of which we have had to omit for reasons of
            space, but which will shortly be published on our blog instead.
Contents have any comments about this white paper, would like to speak to us about
      If you
            Community Management or just keep an eye on what we're doing, here are some ways you
             Contents                                                                                  Error! Bookmark not defined.
            can do that:
               Being social in a regulated world ..................................................... Error! Bookmark not defined.
               Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
               The opportunities for social media for financial services companiesError! Bookmark not defined.
            eration Limited 2010
               Setting the rules of engagement ...................................................... Error! Bookmark not defined.
            This document is the intellectual property of eModeration Limited and may not defined.
               Crisis and risk management over social media ............................. Error! Bookmark not be
            duplicated or disclosed to any third party without the written permission of an
            authorised officer of the company. e

      Resources / further reading
Contents
            David Cushman, FasterFuture.blogspot.com, ‘Communities of purpose are the business units
             Contents                                                                                  Error! Bookmark not defined.
            of the 21st century’
            The Hansard Society, ‘Audit of world ..................................................... Error! Bookmark not defined.
                Being social in a regulated Political Engagement’
                Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
            Antony Mayfield, www.antonymayfield.com, ‘Communities of purpose’
                The opportunities for social media for financial services companiesError! Bookmark not defined.
            Vanessa DiMauro, www.leadernetworks.com
                Setting the rules of engagement ...................................................... Error! Bookmark not defined.
            Richard and risk management over social media ............................. Error! Bookmark because…’
                Crisis Millington, www.feverbee.com, ‘People will participate in this community not defined.
            www.sciencedaily.com, ‘The life and death of online communities’
            Nancy White, The Guide to Social Media ‘Online community building strategy: Good advice
            eModeration: www.masternewmedia.org,Engagement for Financial Organisations
            from Nancy White’
            Chris Brogan, www.chrisbrogan.com, ‘Success is made of little victories’
            Patrick O’Keefe, www.ifroggy.com, 'Managing Online Forums'
            Blaise Grimes-Viort, The National Magazine Company
            Leah Williams, Breast Cancer Care
            Martin Reed, www.communityspark.com, ‘When members want to leave your online
            community’
            Alison Michalk, http://www.quiip.com.au/blog/
            Other good community sources can be found on our blog roll at
            http://blog.emoderation.com




                                                                                                                                                                         15
eModeration white paper: Communities of Purpose

Table of Contents
             Type chapter title (level 1)                                                                                                                           1
 Type chapter title (level 2) ..................................................................................................................................................... 2
     About eModeration
    Type chapter title (level 3) .............................................................................................................................................. 3

             Type chapter title (level 1)                                                                                                                           4
 Type chapter titleLimited is..................................................................................................................................................... 5
    eModeration (level 2) an award-winning social media management agency. It works with some of
    the world’s biggest brands (including BBC Worldwide, ITV, HSBC, MTV, Sony Mobile, ESPN, Hyundai,
   Type chapter title (level 3) .............................................................................................................................................. 6
      Smirnoff, the LEGO Group, Sprint and The Economist) and agencies (including Starcom MediaVest
      Group, Wieden + Kennedy, Ogilvy, Saatchi & Saatchi, DDB Worldwide, Crispin Porter + Bogusky and
Contents Groupe).
    Publicis

          Contents                                                                                 Error! Bookmark not defined.
      Based in London UK, with offices in Los Angeles and New York, eModeration provides multi-lingual
      moderation social in a regulated world ..................................................... Error! Bookmark not defined.
            Being and community management services, consultancy and social media crisis
            Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
      management training to clients in the TV, entertainment and digital publishing industry and blue
            The opportunities for social media for financial services companiesError! Bookmark not defined.
      chip clients hosting online communities.
            Setting the rules of engagement ...................................................... Error! Bookmark not defined.
            Crisis and risk management over social media ............................. Error! Bookmark not defined.
      Committed to ethical business practices and to the promotion of child online safety, eModeration's
      CEO Tamara Littleton recently worked with the UK Government department UKCCIS to produce its
      guidelines on how to moderate online environments for children.
Contents
      eModeration contributes to the growth of knowledge in the social media world via its white papers,
            Contents                                                                                  Error! Bookmark not defined.
      blogs and seminars, and has a strong roster of returning clients who appreciate the high quality of
      its services. social in a regulated world ..................................................... Error! Bookmark not defined.
              Being
              Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined.
              The opportunities for social media for financial services companiesError! Bookmark not defined.
      Media and blogger contacts:
              Setting the rules of engagement ...................................................... Error! Bookmark not defined.
      For eModeration: To speak to Tamara Littleton, CEO,............................. Error! Bookmark not defined.
              Crisis and risk management over social media eModeration, please contact: Kate Hartley,
      Carrot Communications, Tel: 0203 178 5052 / email kate.hartley@carrotcomms.co.uk
        eModeration: The Guide to Social Media Engagement for Financial Organisations




                                                                                                                                                                        16

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eModeration white paper: Moderating and Managing Communities of Purpose

  • 1. Communities of Purpose What are Communities of Purpose? Who is using them, and how? How to overcome specialist issues?All the questions brands should answer before setting up a specialist community. Authored by Tamara Littleton June 2010 Authored by Date For more information call Tamara Littleton on +44 (0)20 3178 5050 www.emoderation.com 26 eModeration Ltd :: The Media Village :: 131-151 Great Titchfield St :: London :: W1W 5BB :: UK 2012
  • 2. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 Type chapter title (level 3)of Purpose Communities .............................................................................................................................................. 3 A guide for Brands and Community Managers Type chapter title (level 1) 4 Type chapter title (level 2) ..................................................................................................................................................... 5 Type chapter title (level 3) .............................................................................................................................................. 6  Introduction  What is a community of purpose? Contents  The rise of single-goal or single-purpose communities  Creating a community of purpose: defining a community’s Bookmark not defined. Contents Error! goals and values Being social in a regulated world ..................................................... Error!facing brands defined.  Managing a community of purpose: addressing the issues Bookmark not Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. o Engaging versus informing The opportunities for social media for financial services companiesError! Bookmark not defined. Setting theEncouraging community users to share experiences and help each o rules of engagement ...................................................... Error! Bookmark not defined. Crisis and risk management over social media ............................. Error! Bookmark not defined. other o Can you extend the lifespan of the community past its initial goals? Contents o What should you do if the decision has been made to close a community? Contents Error! Bookmark not defined.  Resources / further reading Being social in a regulated world ..................................................... Error! Bookmark not defined. Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. The opportunities for social media for financial services companiesError! Bookmark not defined. Setting the rules of engagement ...................................................... Error! Bookmark not defined. Crisis and risk management over social media ............................. Error! Bookmark not defined. eModeration: The Guide to Social Media Engagement for Financial Organisations 2
  • 3. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 Type chapter title (level 3) .............................................................................................................................................. 3 Introduction (level 1) Type chapter title 4 Type chapter title (level 2) ..................................................................................................................................................... 5 TypeAs the online(level 3) .............................................................................................................................................. 6 chapter title world matures, social communities are splintering into groups, with consumers becoming smarter about how and where they spend their time. Shared interest communities and communities of purpose – those with a single aim, or goal – offer brands a great way to Contents previously hard-to-reach consumers with a very specific demographic profile, need, or target interest. Contents Error! Bookmark not defined. This paper, authored by eModeration's Head of Community Ashley Cooksley, focuses on communities of in a regulated world are and who is using them (and how); questions brands Being social purpose: what they ..................................................... Error! Bookmark not defined. should answer to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. Who wants before setting up a specialist community; the issues facing community The opportunities for social media for financial services companiesError! Bookmark not defined. managers; and – importantly – how to overcome those issues, and manage a community of Setting the rules of engagement ...................................................... Error! Bookmark not defined. purposeand risk management over social media ............................. Error! Bookmark not defined. Crisis effectively. We spoke to a number of experts both from outside and within our own organisation, who gave valuable insight into managing different kinds of communities. This paper answers the Contents biggest questions of managing a community of purpose, and later we’ll address some of the other, more specific topics we discussed over on our blog. Contents Error! Bookmark not defined. Our particular thanks go to: Leah Williams, Community & Social Media Manager at Breast Cancer Care; Patrick O’Keefe, owner of iFroggy Network and author ofBookmark not defined. Being social in a regulated world ..................................................... Error! 'Managing Online Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. Forums'; Alison Michalk, Director of Quiip and ex-community manager for Essential Baby at The opportunities for social media for financial services companiesError! Bookmark not defined. Fairfax Digital Australia; Blaise Grimes-Viort, Head of CommunitiesError! Bookmark not defined. Setting the rules of engagement ...................................................... & Social Media at National Magazine Company and Hearst Digital and Vanessa DiMauro, CEO of LeaderNetworks. Crisis and risk management over social media ............................. Error! Bookmark not defined. eModeration: The Guide to Social Media Engagement for Financial Organisations 3
  • 4. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 Type chapter title (level 3) .............................................................................................................................................. 3 Whatchapter title (level 1) of purpose? Type is a community 4 Type chapter title (level 2) ..................................................................................................................................................... 5 TypeFirst, let’stitle (level 3) .............................................................................................................................................. 6 chapter define what we’re talking about here. For the purposes of this paper, we’re defining a community of purpose as an online community of people with a common, clear, defined goal. That could be a community that helps you give up smoking, supports students through Contents university, or aims to raise money (or awareness) for a particular cause. It could be a Twitter group (we’ve started our own list of interesting communities of purpose Tweeters here), a Contents Error! Bookmark not defined. Facebook community, or – increasingly – an online community created by a brand for a specific purpose, toregulated world ..................................................... Error! Bookmark not defined. Being social in a be achieved over any given period of time. Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. The opportunities for social media for financial services companiesError! Bookmark not defined. What we’re not talking about, to be really clear, are communities built around a shared Setting the rules of engagement ...................................................... Error! Bookmark not defined. interest, andwithmanagement over social media ............................. Error! Bookmark not defined. Crisis but risk no single defined goal (like Mumsnet or iVillage – although of course, there may be purpose elements within these sites, such as a pregnancy section within iVillage). Roughly speaking, communities of purpose divide into two main groups: Contents 1. Those that offer support to achieve a goal, in the medium to long term. Examples of ‘support’ communities would be Weightwatchers; Open University (which has a Contents Error! Bookmark not defined. student community that supports students while they are studying); or Essential Baby, Being social in a regulatedthrough their pregnancy and the early years of their not defined. which supports mums world ..................................................... Error! Bookmark child’s life. Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. The opportunities for social media for financial services companiesError! Bookmark not defined. Setting the rules ofcreated around an event or campaign, with Error! Bookmark not defined. 2. Those that are engagement ...................................................... a short-term goal. For Crisisexample, listeners to BBC’s 6 social media ............................. Error! Bookmarkstation as it and risk management over Music staged a campaign to save the radio not defined. was threatened with closure, setting up the ‘Save 6 Music' campaign: this has a very eModeration:single, short-term goal. clear, The Guide to Social Media Engagement for Financial Organisations 4
  • 5. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 Type chapter title (level 3) .............................................................................................................................................. 3 Type chapter title (level 1) 4 The rise of single-goal or single-purpose communities Type chapter title (level 2) ..................................................................................................................................................... 5 Type chapter title (level 3) .............................................................................................................................................. 6 In the real world, small communities have always sprung up around specific goal-based activities (from going to a slimming group to taking part in a street protest). Social media Contents much wider access into these communities. David Cushman, in his blog post allows ‘Communities of purpose are the business units of the 21st century’ refers to the ease with Contents Error! Bookmark not defined. which groups with a shared goal can create interest groups on Facebook, reaching out to a larger audience than would have been possible previously; and yet he Bookmark not defined. Being social in a regulated world ..................................................... Error! points out that Facebook inhibits‘engage’ with real communities to form, beyond basic forum discussion on Who wants to the ability for their bank? Banks are boring, right?Error! Bookmark not defined. group sites. So, brands are starting their own communities that sit within their own home defined. The opportunities for social media for financial services companiesError! Bookmark not Setting the rules of engagement ...................................................... Error! Bookmark not defined. territory (rather than just on Facebook or MySpace), and to great effect. Crisis and risk management over social media ............................. Error! Bookmark not defined. Single-issue campaigning is a defining characteristic of our times. The Hansard Society’s latest ‘Audit of Political Engagement' (2009) charts the increase in recent years of single issue Contents political campaigning, and polling shows that young voters in particular are more likely to lend their support to a party on the basis of a single issue. In our own white paper, ‘How to moderate teens and tweens’ we examined the impact that cause marketing cannot defined. Contents Error! Bookmark have on a young audience. a regulated world ..................................................... Error! Bookmark not defined. Being social in Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. It isThe surprise, then, for social media for financial services companiesError! Bookmark not defined. no opportunities that brand marketers – including those from third sector organisations - Setting the rules of engagement ...................................................... Error! Bookmark not defined. are capitalising on this and creatingsocialown single issue communities.BookmarkVillage is a Crisis and risk management over their media ............................. Error! Pampers not defined. great example of a community with a very clear commercial purpose: to create a support network for mothers at very Social Media Engagement - i.e. during pregnancy and the early eModeration: The Guide to specific points of their lives for Financial Organisations childhood years. Of course, the reason for doing this is commercial – Pampers is creating a community that has value to its target audience to encourage them to buy Pampers’ products – but, done well, consumers will happily play ball. 5
  • 6. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 Type chapter title (level 3) .............................................................................................................................................. 3 Creating a community of purpose: defining a community’s goals and values Type chapter title (level 1) 4 Any community should be clear in its purpose, and in defining the time it will take to achieve Type chapter title (level 2) ..................................................................................................................................................... 5 Typethat purpose. In Anthony Mayfield’s words: “...those purposes might last a few hours or a few chapter title (level 3) .............................................................................................................................................. 6 decades. That purpose might be the marketer’s fantasy of grouping around the purpose of buying a product, celebrating a scrap of content, or a politician’s nightmare of an organised Contents populace come to dictate terms on a piece of legislation.” Contents Error! Bookmark not defined. Here is our list of things a brand should consider when creating a community of purpose: Being social in a regulated world ..................................................... Error! Bookmark not defined. Create the ‘burning imperative’. their bank? Banks are boring, right?Error! Bookmark not defined. Who wants to ‘engage’ with A successful community must have a clear purpose: a The opportunities for social media for financial services companiesError! Bookmark not defined. reason for people to join it, whether that be a communal goal such 'Vote for this Political Setting the rules of engagement ...................................................... Error! Bookmark not defined. Party', 'Raise money for that Charity'social individual one, such as Error! Bookmark not defined. Crisis and risk management over or an media ............................. losing weight, stopping smoking, getting pregnant. This will define how you treat, incentivise and reward members. Vanessa DiMauro, an expert on creating B2B communities, sets out the need for a ‘burning Contents imperative’: Contents Error! Bookmark not defined. “The key requirement that surrounds the formation of any professional or business-to- Being socialcommunity is that there needs to be a burning imperative—a driving need— business in a regulated world ..................................................... Error! Bookmark not defined. Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. for people to share information. You need to ask “Who are these people? What are The opportunities for social media for financial services companiesError! Bookmark not defined. Setting the rules How do they like...................................................... Error! Bookmark not defined. their needs? of engagement to interact?” Break your constituencies into different Crisis and risk personas to predict social of their ............................. Error! Bookmark not defined. groups of management over some media requirements, both informational and social. For example, “How much moderation do they need? How much handholding? eModeration: The Guide to Social Media EngagementhowFinancial Organisations Are they a self-sufficient group that can look up for to do things in a technical wiki? Or do they need more interpersonal interactions with the community builders? How do they like information? Are they deeply interactive and going to do more volunteering?” Bring value. Understand what value your community brings members and potential members. If you’re struggling with why consumers should come to your site, chances are they will struggle, too. Value can be many things – it could be exclusive content, or offers, or the chance to connect with other people who share the same aim or purpose, or access to information that’s hard to find elsewhere. Or a combination of all the above. Check that what you’re offering isn’t available anywhere else. Richard Millington, the online community builder, says on his Feverbee blog that the one statement brands should complete is this one: “People will participate in this community because...” Millington allows you 12 words, and this should be the site’s mission statement. It’s a great way to define the community’s purpose. "The more specific, the better [...] One more crucial rule, it has to improve the life of the member. No-one's going to participate because it boosts the company's quarterly earnings." 6
  • 7. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 He gives some examples: Type chapter title (level 3) .............................................................................................................................................. 3 People will participate in this community because they want great advice from recovering 4 Type chapter title (level 1) alcoholics. Type chapter title (level 2) ..................................................................................................................................................... 5 Type chapter title (level 3) .............................................................................................................................................. 6 People will participate in this community because they want to build their reputation as a great gamer. Contents People will participate in this community because they might find a perfect partner. Contents Error! Bookmark not defined. People will participate in this community because it helps them get a dream job. not defined. Being social in a regulated world ..................................................... Error! Bookmark Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. The opportunities for social media for financial services companiesError! Bookmark not defined. “Washing machines don’t bring people together”. A great quote, again from Richard Setting the rules of engagement ...................................................... Error! Bookmark not defined. Millington, who makes the point that having a good product is not a good enoughnot defined. Crisis and risk management over social media ............................. Error! Bookmark reason to create a community, and this is why so many branded communities fail – they haven’t got the value bit right. If they get this right, even a product that has seemingly no community appeal can form part of a successful community. Staples’ Facebook Page is a great Contents example of this. Contents Error! Bookmark not defined. Stay relevant to your brand. To be credible, a community should have relevance to your brand. It would in a regulated worldexample, for a chocolate brand to Bookmark not defined. Being social not be credible, for ..................................................... Error! set up a community Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. for slimmers, even though the two issues may be targeting a similar audience demographic. The opportunities for social media for financial services companiesError! Bookmark not defined. Setting the rules of engagement ...................................................... Error! Bookmark not defined. Agree the timeframe for the community. Be clear ............................. how long you expect Crisis and risk management over social media from the outset Error! Bookmark not defined. people to participate within the community. Few goal-focused communities will have lifetime value for a consumer (unless its objective is the lifetime for Financial Organisations eModeration: The Guide to Social Media Engagement management of a health condition, for example). If the community has a definitive timeframe, create your 'exit strategy' at the outset. Determine how this will be communicated to your members, and when. More information about this will follow at the end of this document. Set goalposts, to motivate users. Understand when a user is flagging in their resolve or motivation, and carry them with you, to avoid losing them. Community builder, Nancy White, talks about 'heartbeats’ that make up stages of a community – small goals and achievements that people can reach and that keep them motivated within the community. For example: achieving your first week of exercise (the motivation might be what that week means in terms of improved fitness); achieving your first weight loss goal; or reaching the communities first target for donations. As Chris Brogan puts it: “Success is made of little victories." 7
  • 8. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 Type chapter title (level 3) .............................................................................................................................................. 3 You can reward little victories by having the Community Manager and Power Users ensure that these successes are shared and celebrated by posting messages within the community. 4 Type chapter title (level 1) This can also be done graphically through an integrated badge system that automatically Type chapter title (level 2) ..................................................................................................................................................... 5 Typerewards title (level 3) .............................................................................................................................................. 6 chapter members for reaching pre-determined milestones. For example, 'DawnF' has posted 100 times within the community / has lost 10 pounds of weight / has run a marathon / has received a 5-star rating on a message board post. Contents Set clear guidelines. Patrick O Keefe talked to us about the importance of clear guidelines in Contents Error! Bookmark not defined. a community, to set out the vision, style and tone of the site: Being social in a regulated world ..................................................... Error! Bookmark not defined. Who wants to ‘engage’ with their bank? Banks statement. They talk about who you are “Community guidelines, for me, are a vision are boring, right?Error! Bookmark not defined. The opportunities for social media for financial services companiesError! Bookmark not defined. and who you want to be. Setting the rules of engagement ...................................................... Error! Bookmark not defined. Crisis and risk managementdetail social you can and cannot do, but Bookmark not defined. “My guidelines not only over what media ............................. Error! in doing so, they also illustrate who we are in plain language. Once in a while, you get someone who feels like they need to be able to use vulgar terms or say that this or that is stupid. And then I have to tell them that that isn’t what we’re about and that they may need to look Contents elsewhere. Your guidelines, your publicly available vision statement, allow you to say such a thing with confidence. They always give you something to point to, that Contents Error! Bookmark not defined. everyone has access to.” Being social in a regulated world ..................................................... Error! Bookmark not defined. Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. Blaise Grimes-Viort makes sure that the terms and aims of the site are disseminated The opportunities for social media for financial services companiesError! Bookmark not defined. throughout it: rules of engagement ...................................................... Error! Bookmark not defined. Setting the Crisis and risk management over social media ............................. Error! Bookmark not defined. "I create a page outlining the site or community's mission statement in friendly eModeration: The Guide to Social Media Engagement for Financial OrganisationsGuidelines language, and link to it from the Terms & Conditions page and Community pages. I then try to spread little reminders throughout the tools, particularly on the content submission sections, to encourage members to follow these aims when contributing." 8
  • 9. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 Type chapter title (level 3) .............................................................................................................................................. 3 Managing a community of purpose: addressing the issues facing brands Type chapter title (level 1) 4 Type chapter title (level 2) ..................................................................................................................................................... 5 TypeEngaging versus informing chapter title (level 3) .............................................................................................................................................. 6 There are some great information-based branded sites out there (Bupa is a good example of Contents that provides thorough information on health issues to Bupa members). Information sites a site are useful in positioning a brand as an expert in a particular area, and have a valuable role Contents Error! Bookmark not defined. to play, if informing is your strategy. But if getting people to act is your goal (donate money, share experiences, lobby government, buy health products and so on),Bookmark not defined. Being social in a regulated world ..................................................... Error! then a community should engage audiences. with their bank? Banks are boring, right?Error! Bookmark not defined. Who wants to ‘engage’ The opportunities for social media for financial services companiesError! Bookmark not defined. Setting the rules of engagement ...................................................... Error! Bookmark not defined. Of Crisis and risk management over social media ............................. Error! Bookmarkmeans in course, engagement is a much-overused term in social media circles. What it not defined. practical terms is including content with which people can interact; tools that let them share information; discussion forums and the ability to personalise content. Nancy White advises us to ask questions because: Contents “…if you say everything you know, then people go: "OK, that's good. I'm done." But Contents Error! Bookmark not defined. questions are a natural way for humans to interact. And this is whether you are face-to- Being social in a regulated world ..................................................... Error! Bookmark not defined. face or whether you are online. You ask me a question, you engage me. I want to Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. answer, I want to respond.” The opportunities for social media for financial services companiesError! Bookmark not defined. Setting the rules of engagement ...................................................... Error! Bookmark not defined. If the purpose ofmanagement over social media ............................. Error! Bookmark not defined. Crisis and risk the community is information-based, ask your members questions that you think someone can provide valuable answers to (“What are the best home remedies for clearing a clogged kitchen sink?”). If your community is support-based, ask questions about eModeration: The Guide to Social Media Engagement for Financial Organisations their experiences – encourage them to tell their stories and to share on an emotional level (“How did you talk to your children about a loved one passing away?”). Leah Williams says how important it is to understand what community users want from their experience. She told us: “People do want clear, accurate information, and our website provides that. But when they come to the forum, they want to talk to other people who understand what they are going through. Whether it’s people who have been diagnosed at the same time, or with the same type of cancer, or who live in the same area, or who have the same type of family set-up, people want to give and get support, share experiences, talk about current issues and get practical tips. That’s what brings people back day after day. 9
  • 10. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 Type chapter title (level 3) .............................................................................................................................................. 3 “However, in common with most communities, we have a lot of people who browse, Type read and take away information but don’t post. Some of them use the private chapter title (level 1) 4 Type chapter title (level function instead, and we’re also looking at introducing smaller steps to messaging 2) ..................................................................................................................................................... 5 contributing to get over people’s initial fears.” Type chapter title (level 3) .............................................................................................................................................. 6 She also talked about creating the right kind of environment to help people get involved: Contents “Maintaining a friendly, open, welcoming and supportive atmosphere on the forum is Contents Error! Bookmark not defined. also extremely important, and this is something we put quite a lot of energy into. At a Being social in people are feeling .....................................................don’t want to step into the time when a regulated world quite vulnerable, they really Error! Bookmark not defined. Who wantsof a brawl.” with their bank? Banks are boring, right?Error! Bookmark not defined. middle to ‘engage’ The opportunities for social media for financial services companiesError! Bookmark not defined. Setting the rules of engagement ...................................................... Error! Bookmark not defined. Patrick O’Keefe emphasises the importance of explaining what a Error! Bookmark not defined. Crisis and risk management over social media ............................. community member will gain from interaction: “Everyone is different. They are the ones that have to decide if the kind of assistance Contents your community can offer will be beneficial to them. And then, if they do, they must also decide how much they wish to share of themselves since these can be sensitive, Contents Error! Bookmark not defined. personal matters. Being social in a regulated world ..................................................... Error! Bookmark not defined. Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. “The best thing you can do is make them aware of the possibility of interaction and the The opportunities for social media for financial services companiesError! Bookmark not defined. perceived benefits of doing so and provide them with the opportunity. Perhaps most Setting the rules of engagement ...................................................... Error! Bookmark not defined. Crisis and risk managementsafe, friendlymedia ............................. Error! Bookmark not defined. importantly, maintain a over social and supportive environment where [each] one can feel free to share of themselves without fear of being ostracized.” eModeration: The Guide to Social Media Engagement for Financial Organisations In talking about the value to community members of sharing experiences with other similar people, rather than just taking expert advice from a site, Alison Michalk says: “Research has shown that Mums in particular value the opinion and experience of other mothers. This has been vital to the success of our community as members value the varied, multiple responses rather than reading an expert or professional piece. They also want to be able to ask more questions so even articles written by Mums don't provide the same level of engagement that members' seek.” Vanessa DiMauro explained her approach to identifying the levels of engagement that a community member might be prepared to make, and how to overcome the feeling of 'risk'. By 'risk', she means the feeling of exposure, of potential embarrassment, of putting your head over the parapet which participation can bring. In her experience, getting a member to do something 'low risk', such as taking a poll, rating content or suggesting a resource, acts as a “gateway activity to greater participation.” 10
  • 11. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 Type chapter title (level 3) .............................................................................................................................................. 3 She says: Type chapter title (level 1) 4 Type chapter title (level 2) ..................................................................................................................................................... 5 “It is important to create opportunities for member participation for all people in the Type chapter title (level 3) .............................................................................................................................................. 6 member lifecycle – from newbies to experienced members. This includes creating a portfolio of engagement opportunities that combine low risk and higher risk activities. Contents By low risk I mean, engagement activities that do not require a large leap of faith to participate but enable a member to make themselves visible on the community. It is Contents Error! Bookmark not defined. focused on providing activities that allow the member to DO something online.” Being social in a regulated world ..................................................... Error! Bookmark not defined. Once this is achieved, the member may go Banks engage in ‘mid-risk’ activity, such not defined. Who wants to ‘engage’ with their bank? on to are boring, right?Error! Bookmark as The opportunities for social media for financial services companiesError! Bookmark not defined. participating in a forum on a topic “with no right or wrong answer”, before engaging at a Setting the rules of engagement ...................................................... Error! Bookmark not defined. ‘higher risk’ level: Crisis and risk management over social media ............................. Error! Bookmark not defined. “By higher risk engagement, I mean an activity that requires the member to expose a detail of their practice or share something about themselves – an idea or a point of Contents view. This is focused on supporting members’ ability to think online.” Contents Error! Bookmark not defined. Having a Community Manager encouraging all levels of participation is a great way to mitigate the 'risk' by regulateda friendly and welcoming community so that, in particular, new Being social in a creating world ..................................................... Error! Bookmark not defined. Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. members will not feel intimidated or threatened by the perception of an existing clique. The opportunities for social media for financial services companiesError! Bookmark not defined. DiMauro also tells her clients how important it is to reward members, to keep them not defined. Setting the rules of engagement ...................................................... Error! Bookmark motivated and engaged: management over social media ............................. Error! Bookmark not defined. Crisis and risk eModeration: The Guide to Social Mediabehaviors by thanking members, featuring members, “Reinforce community-enhancing Engagement for Financial Organisations sending “knowledge-gifts” or [by giving them] access to special events.” Encouraging community users to share experiences and help each other Shared experience is a strong basis for any kind of community. Even when a site encourages users to focus on an individual goal, that is defined by and personal to them, it is some strand of common experience (the ‘social characteristic’) that will bind them together in the community. But it may matter if users share misinformation within a community, and the community manager has to tread the fine line between wading in with corrections (and risking stopping a discussion completely) and providing the correct information. Nowhere is this more important to get right that on communities like Breast Cancer Care. From Leah Williams: 11
  • 12. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 “There is a difficult balance to be struck between making sure people are sharing Type chapter title (level 3) .............................................................................................................................................. 3 accurate information and shutting down open discussions. If, for example, people are Type sharing information 1) chapter title (level about treatments or diet, and we wade in and post Breast Cancer 4 Care’s position, that could have the effect of shutting down the whole discussion. If Type chapter title (level 2) ..................................................................................................................................................... 5 Type chapter titleis a discussion that we have concerns about, we refer it to our clinical team at there (level 3) .............................................................................................................................................. 6 Breast Cancer Care, to assess whether we need to intervene. Usually other users will join in the discussion and often post what we would have posted so people are getting a Contents balanced view without us needing to intervene. If we do need to, a member of the clinical team will draft a response and we will post it on their behalf, so people know it Contents Error! Bookmark not defined. has come from our team of nurses." Being social in a regulated world ..................................................... Error! Bookmark not defined. Having accessto ‘engage’ withinformation on a community like this is important. Leah defined. Who wants to authoritative their bank? Banks are boring, right?Error! Bookmark not The opportunities for social media for financial services companiesError! Bookmark not defined. Williams says: Setting the rules of engagement ...................................................... Error! Bookmark not defined. Crisis and risk management over social media ............................. Error! Bookmark not defined. “Because the forum sits within our broader Breast Cancer Care website, people have easy access to the information we produce about relevant issues, and it is easy to refer people to the accurate information we have already produced.” Contents Often, community users will be self-motivated to help others on the community, and Contents Error! Bookmark not defined. identifying and appreciating those users is important. Patrick O’Keefe said to us: Being social in a regulated world ..................................................... Error! Bookmark not defined. Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. “Appreciation is a powerful thing. The people that do help others, do your best to The opportunities for social media for financial services companiesError! Bookmark not defined. make sure they are appreciated. If someone makes a great post, but no one has Setting the rules of engagement ...................................................... Error! Bookmark not defined. Crisis and risk management overfor making it and for sharing that information. People who replied, you can thank them social media ............................. Error! Bookmark not defined. are truly appreciated will be more likely to stay on your community. That sounds like it should be evident, but it is very powerful.” eModeration: The Guide to Social Media Engagement for Financial Organisations If you can identify and encourage these members from the outset, they could potentially become your most dedicated users ('Power Users'), and help you to motivate and support their fellow community members. Can you extend the lifespan of the community past its initial goals? What happens within a community once the members within have met their individual targets: can you persuade them to stay? For example, can you create value in being a member of a ‘stop smoking’ site once a member has given up? How can you keep them engaged (so they can recommend the site to others trying to stop smoking, and provide encouragement within the site)? Or what if the short-term community has achieved its group goal: do you leave it alone and let your members just drift off of their own accord? Invent a new purpose? Close it down? 12
  • 13. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 According to O’Keefe: Type chapter title (level 3) .............................................................................................................................................. 3 Type “The overriding principle is that, generally speaking, your community is more than its 4 chapter title (level 1) purpose. Having a purpose is great, but people build relationships that go beyond that Type chapter title (level 2) ..................................................................................................................................................... 5 purpose. They bond, they discuss other things and they engage with people on Type chapter title (level 3) .............................................................................................................................................. 6 different levels. So, even though they may have accomplished their goal, the friendships they made on that road have a strong possibility of being special to them. Contents They still want to talk with these people in the same venue they always have.” Contents Error! Bookmark not defined. Blaise Grimes-Viort puts it: Being social in a regulated world ..................................................... Error! Bookmark not defined. Who wants tooften enjoy going over their old contributionsright?Error! Bookmark not defined. "Members ‘engage’ with their bank? Banks are boring, and being able to follow the The opportunities for social media for financial services companiesError! Bookmark not defined. process they have followed to reach their goal, such as planning a wedding. Opening Setting the rules of engagement ...................................................... Error! Bookmark not defined. Crisis andgeneralist areas forover socialto remain in touch can help keep them engaged more risk management members media ............................. Error! Bookmark not defined. and provide help and support to new members. Concentrating on side effects to their lifestyle, such as exercise and healthy eating in the case of your smoking cessation example, can also extend their community lifecycle." Contents Some members will want to stay on the community to share their experiences with others, to Contents Error! Bookmark not defined. give something back to a community that has helped them achieve a goal, or just to be part of something that’s regulated world ..................................................... Error! Bookmark not can Being social in a important to them. By continuing to involve these people, brands defined. Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. create community ambassadors who will, in turn, bring other members and experiences into The opportunities for social media for financial services companiesError! Bookmark not defined. the community, which allow it to evolve and thrive. Setting the rules of engagement ...................................................... Error! Bookmark not defined. Crisis and risk management over social media ............................. Error! Bookmark not defined. But other members won’t want to stay. Accepting this, and understanding why members leave, is all part of a thriving community, Engagement for on his community building blog, eModeration: The Guide to Social Media says Martin Reed,Financial Organisations Community Spark: “Sometimes, your online community may simply no longer be relevant to some of your members. Your community may be based around conception methods. You might lose some members once they fall pregnant. Your challenge is to make your community relevant to members after their original objectives have been met. Encourage that member to remain and offer advice – give them some status and authority.” But if they don't? The community has succeeded, and helped the individual reach their goal. Let them go, and move on. 13
  • 14. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 Type chapter title (level 3) .............................................................................................................................................. 3 Type chapter title (level 1) 4 What should you do if the decision has been made to close a Type chapter title (level 2) ..................................................................................................................................................... 5 Typecommunity? 3) .............................................................................................................................................. 6 chapter title (level Unfortunately, decisions are often made to close a community of purpose. There are many Contents reasons why communities will end; some include problems with ongoing funding once a campaign or product launch has ended. It could also be that someone has determined that Contents Error! Bookmark not defined. the community has come to a natural end with few interactions and low traffic spelling its demise. social in a regulated world ..................................................... Error! Bookmark not defined. Being Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. The opportunities for social media for financial services companiesError! Bookmark not defined. If traffic and the lack of interaction is a problem, there are solutions that should benot defined. Setting the rules of engagement ...................................................... Error! Bookmark investigated riskprevent closingovercommunity. Has a dedicated Community Manager been Crisis and to management the social media ............................. Error! Bookmark not defined. in the community to interact with its members, engage them on their profiles and within other community forums, and to welcome all of the new members? Have the 'Power Users' been identified, encouraged and provided with incentives to keep the community engaged? Is Contents content fresh and engaging? If a forum is part of a larger site, has it been properly the integrated and signposted from the rest of the site? Has the marketing team promoted the Contents Error! Bookmark not defined. community externally? Have you Tweeted, Facebooked and, generally, shouted about your community? If not, perhaps this could resolve your traffic woes. Error! Bookmark not defined. Being social in a regulated world ..................................................... Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. The opportunities for social media for financial services companiesError! Bookmark not defined. If, however, closingof community is inevitable, consider taking theError! Bookmark not to Setting the rules a engagement ...................................................... next two key steps defined. ensure you don’t leave a bad taste social media ............................. Error! Bookmark not defined. Crisis and risk management over in your community members’ mouths. After all, they have invested their time, energy and wisdom with you. By not providing any information or warning eModeration: The Guide to Social Media Engagement for Financial Organisations about the impending closure, you potentially create community-wary members who will think twice before engaging elsewhere. Let your community members know that you are planning on closing the community, and when. Ideally you would be able to give them enough advance notice so they can make arrangements to go elsewhere. By alerting them to the upcoming change, this will give them a chance to say their “goodbyes” and to also ensure that they have a way of continuing to connect with the friends they’ve made. This message can be posted throughout the community by your Community Manager, posted on the front page of the community, and/or sent via a newsletter to all of your registered community members. If you have the time, it would be helpful to provide your community members with suggestions of similar communities where they can move to. For example, if you run a parenting community, find other parenting communities that you can post the links to so that your members may find a new “home” to continue their discussions. 14
  • 15. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 Type chapter title (level 3) .............................................................................................................................................. 3 And finally... Type chapter title (level 1) 4 We hope we've provided some valuable insights into the particular challenges and rewards Type chapter title (level 2) ..................................................................................................................................................... 5 Typeof managing(level 3) .............................................................................................................................................. 6 chapter title a Community of Purpose. Our thanks once again to all those who contributed to this white paper for their wisdom, so much of which we have had to omit for reasons of space, but which will shortly be published on our blog instead. Contents have any comments about this white paper, would like to speak to us about If you Community Management or just keep an eye on what we're doing, here are some ways you Contents Error! Bookmark not defined. can do that: Being social in a regulated world ..................................................... Error! Bookmark not defined. Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. The opportunities for social media for financial services companiesError! Bookmark not defined. eration Limited 2010 Setting the rules of engagement ...................................................... Error! Bookmark not defined. This document is the intellectual property of eModeration Limited and may not defined. Crisis and risk management over social media ............................. Error! Bookmark not be duplicated or disclosed to any third party without the written permission of an authorised officer of the company. e Resources / further reading Contents David Cushman, FasterFuture.blogspot.com, ‘Communities of purpose are the business units Contents Error! Bookmark not defined. of the 21st century’ The Hansard Society, ‘Audit of world ..................................................... Error! Bookmark not defined. Being social in a regulated Political Engagement’ Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. Antony Mayfield, www.antonymayfield.com, ‘Communities of purpose’ The opportunities for social media for financial services companiesError! Bookmark not defined. Vanessa DiMauro, www.leadernetworks.com Setting the rules of engagement ...................................................... Error! Bookmark not defined. Richard and risk management over social media ............................. Error! Bookmark because…’ Crisis Millington, www.feverbee.com, ‘People will participate in this community not defined. www.sciencedaily.com, ‘The life and death of online communities’ Nancy White, The Guide to Social Media ‘Online community building strategy: Good advice eModeration: www.masternewmedia.org,Engagement for Financial Organisations from Nancy White’ Chris Brogan, www.chrisbrogan.com, ‘Success is made of little victories’ Patrick O’Keefe, www.ifroggy.com, 'Managing Online Forums' Blaise Grimes-Viort, The National Magazine Company Leah Williams, Breast Cancer Care Martin Reed, www.communityspark.com, ‘When members want to leave your online community’ Alison Michalk, http://www.quiip.com.au/blog/ Other good community sources can be found on our blog roll at http://blog.emoderation.com 15
  • 16. eModeration white paper: Communities of Purpose Table of Contents Type chapter title (level 1) 1 Type chapter title (level 2) ..................................................................................................................................................... 2 About eModeration Type chapter title (level 3) .............................................................................................................................................. 3 Type chapter title (level 1) 4 Type chapter titleLimited is..................................................................................................................................................... 5 eModeration (level 2) an award-winning social media management agency. It works with some of the world’s biggest brands (including BBC Worldwide, ITV, HSBC, MTV, Sony Mobile, ESPN, Hyundai, Type chapter title (level 3) .............................................................................................................................................. 6 Smirnoff, the LEGO Group, Sprint and The Economist) and agencies (including Starcom MediaVest Group, Wieden + Kennedy, Ogilvy, Saatchi & Saatchi, DDB Worldwide, Crispin Porter + Bogusky and Contents Groupe). Publicis Contents Error! Bookmark not defined. Based in London UK, with offices in Los Angeles and New York, eModeration provides multi-lingual moderation social in a regulated world ..................................................... Error! Bookmark not defined. Being and community management services, consultancy and social media crisis Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. management training to clients in the TV, entertainment and digital publishing industry and blue The opportunities for social media for financial services companiesError! Bookmark not defined. chip clients hosting online communities. Setting the rules of engagement ...................................................... Error! Bookmark not defined. Crisis and risk management over social media ............................. Error! Bookmark not defined. Committed to ethical business practices and to the promotion of child online safety, eModeration's CEO Tamara Littleton recently worked with the UK Government department UKCCIS to produce its guidelines on how to moderate online environments for children. Contents eModeration contributes to the growth of knowledge in the social media world via its white papers, Contents Error! Bookmark not defined. blogs and seminars, and has a strong roster of returning clients who appreciate the high quality of its services. social in a regulated world ..................................................... Error! Bookmark not defined. Being Who wants to ‘engage’ with their bank? Banks are boring, right?Error! Bookmark not defined. The opportunities for social media for financial services companiesError! Bookmark not defined. Media and blogger contacts: Setting the rules of engagement ...................................................... Error! Bookmark not defined. For eModeration: To speak to Tamara Littleton, CEO,............................. Error! Bookmark not defined. Crisis and risk management over social media eModeration, please contact: Kate Hartley, Carrot Communications, Tel: 0203 178 5052 / email kate.hartley@carrotcomms.co.uk eModeration: The Guide to Social Media Engagement for Financial Organisations 16