Wednesday, August 26, 2009

Social Media


5 Social Media lessons learned from Whole Foods

Soren GordhamerAug 25, 2009 18:08:35 GMT

whole-foods-logoSoren Gordhamer is the author of Wisdom 2.0: Ancient


 Secrets for the Creative and Constantly Connected (HarperOne, 2009). His homepage is www.sorengordhamer.com. You can follow him on Twitter.

As a company, Whole Foods has impressively embraced social media more than most, gathering over 1.2 million followers on Twitter and 123,000 fans on Facebook in the process. While it is easy to understand why a relatively young company or one started by a tech-savvy founder would so completely embrace social media communication tools, it is quite a bit more remarkable for an almost 30 year old established brick and mortar company with roughly 50,000 employees and over 270 stores worldwide to have done so.

I recently visited the Whole Foods headquarters in Austin, Texas to meet with members of their new media team, including Bill Tolany, the company’s Senior Coordinator of Integrated Media, and Winnie Hsia, who oversees the @wholefoods account. I wanted to know how Whole Foods integrated social media tools into their communications strategy, and what lessons had they learned from doing so. Below are five of the lessons that Whole Foods shared with me during our chat.


1. Make Content Increasingly Relevant


Whole Foods started initially with just the @wholefoods account but as it gathered followers, they realized it had limitations: while it was useful for news with national appeal, it was less so for sharing local information or addressing specific interests of customers. A percentage of their followers, for example, might be interested in an event happening at their New York City store or reviews of certain food items, but many others would not be interested.

To address this, they encouraged all their stores to start their own accounts and tweet about events at their store and news related to that local area. They also created separate accounts for specific issues, such as one for wine and one for cheese, where the head of those departments post and interact with customers. In fact, with over 150 company Twitter accounts and new ones added regularly, they likely have one of the largest corporate presences on Twitter. The goal with so many different accounts is to create increasingly relevant, and often local content.

whole-foods-twitter


2. Go Where Your Customers Are


When asked how they initially decided to use Twitter as a platform, which was pre-Oprah and before most other companies their size had done so, they emphasized that their goal has always been to interact with their customers no matter where those customers are. As Twitter gained momentum, they realized that a presence on it made sense, though they never foresaw that they would get over a million followers and how much staff time it would take to manage.

The conversation with customers, however, is essential to the company, whether it happens in person at a store or on a social network. Whole Foods, in fact, is active on numerous social media communication channels, not just Facebook and Twitter: they also have a Flickr page, an actively updated blog with videos on cooking healthy meals, and have employees responding on the customer feedback site Get Satisfaction. The goal is not just to pick one place and force customers to come to them, but to meet customers “on their home court,” wherever that may be.


3. Loosen Control from the Top


Likely the most difficult task for any large company when embracing social media is learning to let go of control. On one hand, most companies will want millions of followers on sites like Twitter, yet on the other hand, large corporations also tend to be cautious when taking risks. They’re unsure how much control they are willing to relinquish when it comes to governing how social media is used.

Whole Foods seems to really understand that such a top-down approach does not work in the age of social media. In fact, I was initially surprised that several people I interviewed while at the company headquarters that managed different corporate Whole Foods Twitter accounts used them quite differently from each other. Some, for example, shared personal information while others kept posts strictly to business. When I asked Tolany, who oversees the department, about it, he said that it did not surprise him at all. While they encourage some basic guidelines, Whole Foods has learned that for social media to work well, whoever is managing an account needs to be authentic, allow his or her personality to come through, and have fun in the process. If management tries to exercise too much control, the account will be less likely to succeed at engaging people.


4. Decide What Channel to Use for What Purpose


With a presence on so many social networks, Whole Foods tries to figure out how best to use each service. For example, they have found that for customer service, Twitter is much more effective than Facebook. On Twitter people can easily @reply a question and they can quickly respond. On the other hand, for “rich media,” including embedding videos or longer posts or responses, Facebook tends to be better. Likewise, for posting original content, their blog serves as the hub, allowing staff from various departments to share material. The company also created a nifty iPhone application with 2,000 searchable recipes and a store locator, which is a great platform for disseminating static information.

whole-foods-outside


5. Let the Conversation Happen


My visit to the Whole Foods headquarter came at an interesting time. The previous week, Facebook, Twitter, and various blogs were ablaze with (mostly negative) comments in response to Whole Foods CEO, John Mackey’s, Op-Ed in The Wall Street Journal titled “The Whole Foods Alternative to ObamaCare.” We did not dive too much into the Mackey Op-Ed issue, but we did talk about whether having such a strong presence on Facebook and Twitter has allowed people to more easily express anger at them. During our conversation it became clear that Whole Foods realizes that people are going to talk about the company, both positively and negatively, whether they are have a presence on social networks or not. It is helpful, though, to know what people are saying and to be able to respond if necessary.

In fact, when Mackey responded to some of the criticism on his company blog, rather than turn off comments to the post, they encouraged people to express their feedback, and greater than 3,000 people did.


Conclusion


The central take away I got from my visit was the importance of engaging with one’s customers no matter where they spend time. When I asked Tolany and Hsia what advice they would give to companies thinking of using social media channels like Twitter, they seemed to both agree that the first task is to know if your customers (or the potential customers you want to engage) are present there. Then and only then does it make sense to invest time on a site.

I also got that part of what has motivated Whole Foods’ efforts in social media — and what can account for much of their success — is a willingness to be bold and take risks. Such boldness can of course have its dangers (such as when writing Op-Ed articles about delicate social issues) yet this has also helped them plow ahead in social media while other businesses their size waited cautiously in the background to see if it was “safe” or if these sites would gain in popularity.

Of course, any time a company opens up and has a presence on a communication channel like Facebook or Twitter, users can use those sites to criticize as much as to praise. Dealing with negative feedback, however, is better than not having a presence at all. I think Whole Foods is showing that the companies who keep such channels open, and listen to the unpleasant along with the pleasant feedback, will better know what matters to their customers and what company policies may need to change, which is likely to win them support in the end.

Whole Foods, like many other companies, is still finding its way in this age of social media, but they are showing that a non-technology company of their size can engage and innovate in this area.




Wednesday, August 12, 2009

Real State

Zillow: Home value declines lessen for some
South Florida Business Journal - by Susan R. Miller


South Florida home values fell 4.36 percent in the second quarter, compared to the first quarter, and were down nearly 23 percent, year-over-year, according to Zillow, an online real estate company.

There were a few glimmers of hope. Prices were up, quarter-over-quarter, in higher-priced areas such as Fisher Island, where the average home price is nearly $2 million (up 3.97 percent); Golden Beach, where the average home price is nearly $1.5 million (up 3.68 percent); and Manalapan, where the average home price is $2.5 million (up 14.43 percent).

Vicki Minnaugh, a Realtor with Century 21 AAA in Pembroke Pines, said there is a market for homes on the water.

“People who have that kind of money aren’t worried,” she said. “They are buying that location.”

But, not all of the increases were limited to the multimillion-dollar neighborhoods. For example, in the far western reaches of Palm Beach County’s Belle Glade, where the average price of a home is $112,000, prices ticked up 2.31 percent, quarter-over-quarter. Prices rose 4.58 percent in Broward County’s Hillsboro Beach and 4.84 percent in Miami-Dade County’s Norland neighborhood.

Some of the areas posting the greatest quarter-over-quarter declines were North Bay Village (down 10.68 percent), Pembroke Park (down 13.23 percent) and Sunny Isles Beach (down 14.22 percent).

Minnaugh suggested that the high concentration of condos in Sunny Isles Beach and North Bay Village are to blame for the declines.

“The bulk of those areas are Old Florida homes and condos, and some of the surrounding areas have changed – and that’s all a factor,” she said.

Nationwide, home values posted a 10th consecutive quarterly loss, falling 12.1 percent, year-over-year, according to Zillow. However, the index also found that the rate of decline has shrunk slightly, from 12.4 percent in the first quarter.

Home sales in June fell 23.7 percent compared to a year ago, but were up 3.8 percent over May.

Minnaugh said she saw sales rise in June and July – “and that’s important because until this whole inventory of REOs and short sales clear out, the prices aren’t going to level.”

Foreclosures made up 22 percent of all home sales nationwide in June, and 29.2 percent of all homes were sold for less than what the owner originally paid.

Negative equity continues to plague homeowners, with 23 percent of all single-family homeowners owing more than what their home is worth.

Minnaugh said there are predictions that those who purchased homes in 2007 and 2008 will, by next year, be upside down, as well.

“If people who bought in 2007 and 2008 walk away, they will do a short sale, which will perpetuate more negativity,” she said. “I hope they are wrong.”

Still, 29 percent say they would be at least somewhat likely to sell if they see signs of a turnaround.

“While we are encouraged by the increasing sales in many markets and the overall improvement in the rate of decline in the Zillow Home Value Index, I hate to be overly optimistic for the near future,” said Stan Humphries, Zillow chief economist.

He notes that foreclosures are keeping home values down, and increasing unemployment, coupled with higher rates of negative equity, will create “fertile breeding ground” for more foreclosures.



Wednesday, August 5, 2009

Real State

Pending home sales rise

South Florida Business Journal

Low interest rates, combined with a large selection of affordable homes, are luring more potential homebuyers back into the market.

The National Association of Realtors said pending home sales – those homes on which contracts have been written – were up 3.6 percent in June from May and 6.7 percent higher than a year ago.


This is the fifth consecutive monthly gain. The last time there were five consecutive monthly gains was in July 2003, according to NAR.

The Pending Home Sales Index for June jumped 7.1 percent in the South, and is 8.9 percent higher than a year ago.

However, NAR Chief Economist Lawrence Yun noted that “a monthly rise in home prices and somewhat higher mortgage interest rates led to a modest decline in affordability in June.”

Still, he expects existing-home sales to gradually rise over the rest of the year.

“It appears home sales are on a sounder footing and inventory is gradually being absorbed,” Yun said in a news release.





Monday, August 3, 2009

Health

Getting Enough Zzzzzzzz

Woman looks at clock at 4 a.m.

iStockphoto.com


August 3, 2009

Not sleeping well? It's a common complaint. Sixty-four million Americans report at least occasional bouts of insomnia. And the anxiety of waking up in the middle of the night can be maddening.

Psychiatrist Thomas Wehr has one consoling message for those who wake up at 2 a.m.: This is likely the way our ancestors slept.

"There are historical records of people sleeping in two bouts at night," Wehr explains. They called the first bout dead sleep, and the second bout was called morning sleep. The wakeful period in between was referred to as watch or watching.

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Before the days of artificial lighting, a winter day could bring 14 hours of solid darkness. People lived from sun to sun.

Wehr was curious as to what might happen if he put busy Americans into that environment. How would they sleep? He organized a study to find out.

He and his colleagues at the National Institute of Mental Health recruited 15 young, healthy adult volunteers. They went about their normal business during the day, then reported to a sleep lab in the early evening.

"We had our subjects go into the dark at 6 p.m., lie down and rest," Wehr says. "The lights didn't come back on until 8 the next morning; it was a simulated winter day.

The sleep study found that the long night led to two bouts of concentrated sleep — with a wakeful period in the middle, lasting a few hours. The study was published in the American Journal of Physiology in 1993.

"You might think that lying awake for two hours would be a kind of torture," Wehr says. "But it wasn't at all." The people in the sleep study described it as a kind of quiescent, meditative state.

Researchers found similar results in a more recent study of adolescents. The longer night seems to give rise to a sort of "midnight comfort."

Sleep Patterns

To many of us, the notion of staying in bed — or in the dark — for 12 hours may seem ridiculous or a waste of time. In modern culture, we've adapted to a more efficient way of sleeping: consolidating it into one long stretch.

This works for many people, but as we age, sleep changes.

"Sleep tends to be more fragile in general as we age," says Mary Carskadon, who directs chronobiology and sleep research at Brown University.

One way to assess the age-related changes in sleep is to look at brain waves.

"When we're little, we have a lot of very high, slow brain waves at the beginning of the night," Carskadon says. "And that seems to be the best, most restorative kind of sleep."

But as the decades go by, these peaks diminish. If adolescent brain waves are the Himalayas, then by early adulthood, they're Rocky Mountain peaks. And in the elderly: think Appalachians or just foothills.

As we age, it's easier to wake us, Carskadon explains, "because those high, slow waves are very protective for disturbances in the environment" — things such as a snoring partner, or a barking dog.

Getting Enough Zzzzzzzz

So, if interruptions in sleep are to be expected, what's the best strategy for getting enough of it?

One option is to embrace a longer night. This may work for people who have very flexible schedules, or for those who are retired.

"They can afford, arguably, to spend more time in bed," says Jack Edinger, a sleep expert at Duke University. He says the middle-of-night wake time may not be anxiety-provoking if you know you're going to get another bout of morning sleep.

There's also the siesta model — with naps in the afternoon. But for those of us who need to get up and work all day? There are strategies that can help people consolidate sleep.

One technique, according to Edinger, is to tightly restrict the number of hours in bed. This encourages more efficient sleep.

Edinger stresses that sleep requirements vary from person to person. Six to nine hours is the normal range. But "there are people who fall outside that range and do just fine," he says.

The important thing is to get a good handle on the dose of sleep YOU need, he says. Set your pattern — and stick with it each night.

Most of us will find that's seven or eight hours. Recent studies suggest that people who get less than seven hours each night tend to be more susceptible to the common cold and weight gain