SNA and NodeXL for start-ups: Application on a language-learning
software.
How to achieve virality: Lesssons learned from Facebook
SNA can be used to map potential customers and target them
directly, or even to do inbound marketing by creating great content interesting
for customers to see and then analyzing how virality was achieved. In this blog
you’ll learn how to use NodeXL as a strategy to acquire customers for a
start-up. Let’s use as an example a new SaaS business consisting of a
language-learning software. This industry has several competitors such as
Rosetta Stone, Duolingo, Pimsleur, Babbel etc.. How could we steal customers
from these companies? Easy, NodeXL allows you to search specific words in
twitter and identify important conversations. So, if we wanted to see what
people in Twitter are talking about Rosetta Stone we could look up for the
word: “Rosetta Stone”, “aprendiendo inglés (learning
English)”, “language”, “learning English for business” and any other
combination you want to analyze. NodeXL allows you a diversity of features such
as:
· Limit the number of tweets to 1,000 or if the company wants to analyze 300,000 that’s possible too.
· Look at a specific time zone, this way a company can identify people in the U.S. ,China or in Europe. So if it’s a software is for Spanish speakers living in the U.S or in Latin America you can quickly identify users living in these countries.
· Look at users that have twitter since 2006. If you analyze users that where the first ones to use twitter they are probably tech-savvy and will be bigger influencers than the ones that joined in 2014.
· Look at users with more than x amount of followers. When you’re trying to identify big influencers you may want to look at users with more than 1,000 followers.
· Analyze the content of every tweet. For example, doing the analysis I searched for Rosetta Stone and looked at the tweets. One person tweeted: “TISD teachers are working on becoming bilingual with Rosetta Stone thanks to @TISDFoundation” –tharchar. This information tells me TISDFoundation is investing money in bilingual classes so maybe targeting this foundation would be effective. I also know who to target and I can contact the person that twitter directly.
So continuing with the example of the language-learning
software, where could this company start? I did an analysis on NodeXL trying
different words on twitter and each analysis gave me an insight on where to
begin. Duolingo, a language learning software, and competitor for the language
learning software appeared to have two clear clusters when you searched for
them on Twitter.
Turns out an article was published on The Verge, regarding an
artificial language from 1887 called Esperanto which is followed by thousands
of people in the US, spoken in a notorious group and private clubs and now that
language was now available to learn on Duolingo. The article also contained a
number of hyperlinks to go to Duolingo’s web site and download the software. This
article earned Duolingo thousands of users, since hundreds of people retweeted
the article from the Verge.
What could SNA discovered in this case? An article/blog with
great content that appeals to a specific niche is a successful strategy to
acquire customers. Also, it’s important that content is good enough. Search
engine optimization when well done is fantastic! And the best way to rank well
in the Google search results is to create content that is rank-worthy. (
Halligan and Shah p.50).
Duolingo was one of the clusters. They have hundreds of outbound arrows since they're constantly engaging with customers. |
The other cluster was Verge.The article was retweeted so many times it ended up acquiring hundreds of customers for |
Now, let’s go to a company that began as a simple start-up
and used SNA to work its way up.
Facebook is known as the clear example of success thanks to
SNA, they recommend you friends by analyzing social networks, and looking at
friends of friends that could be interesting to you. However how did they go
viral?
The idea of virality is not a coincidence. Virality can be thoughtfully
planned and SNA is the way to plan it. When FB was launched in 2003, the
founders decided to focus on a small dense community which was Harvard
undergraduates. After they had entered Harvard it expanded to Ivy league
schools saturated that market and followed to high schools. What they did is
achieve saturation within a community before moving to another community. (p.110
Tsvetovat and Kouznetsov).
The transition from linear propagation to virality. (p.111, Tsvetovat and Kouznetsov) |
According to a study by Tsvetovat and Kouznetsov, the
transition from linear growth to going viral happens around 7% of density. This
means that if 7% of people in your target audience adopt a meme, retweet a
video, join the site, share on facebook, comment on your blog or any other social
media activity, the rest will follow shortly in a viral way. (P. 112, Tsvetovat and Kouznetsov).
Why is this relevant to start-ups? Entrepreneurs always
focus on the overall market, they rarely go for self-contained market niches.
However, this theory proves high saturation in a niche is a good starting line to
other niches. A niche can be defined by same geographical location, they can
unite people by interest. If a company is able to successfully attract a niche
whereas it is by inbound marketing, excellent content that is rank worthy, SEO,
growth hacking and digital marketing strategies, then they can use SNA to
analyze the behavior of that niche and then follow on with the next ones.
In conclusion, using NodeXL to identify niches and analyze
how they interact among themselves is a powerful tool for companies are starting.
Also, we now learned from Facebook that saturating a small market and focusing
on 7% of the target audience is the start for virality. And a way to lower that
percentage to 3 or 4% is creating remarkable content for Google to rank it as
worthy material and allow customers to find you organically.
Bibliography:
Tsvetovat, Maksim and Kouznetsov, Alexander. “Social Network
Analysis for Startups”. (2011). Available at: http://mediashow.ru/sites/default/files/books/2011/11/social.network.analysis.for_.startups.1449306462.pdf
Dean, Sam “Konstrui Pli Bonan Lingvon (To Build a Better
Language)” Available at: http://www.theverge.com/2015/5/29/8672371/learn-esperanto-language-duolingo-app-origin-history
NodeXL Analysis
Halligan, Brian and Shah Dharmesh, “Inbound Marketing.
Attract, Engage, and Delight Customers Online”.
1 comment:
Brava Paulina! You clearly got a lot out of the course (and NodeXL,) and it shows in your post. Your maps, and your initial interpretation of them, are right on. All that's missing is a bit more depth on how to interpret the SNA measures.
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