Catherine Sherwood

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Catherine Sherwood is a consultant specializing in social media, strategic marketing and common-sense search engine optimization. Her insights and expertise are backed by 20+ years of business experience at the senior executive level.
  • 0 comments 1,391 reads
    Posted on 2010-12-08

    Allison Linn, a Senior Writer for msnbc.com, reported on the growing trend in gift giving on Facebook. She cited two companies that allowed Facebook users buy coupons that could be redeemed for real products and delivered via Facebook – Cold Stone Creamery and Burger King. Both use an app called eGift Social – owned by payment processor First Data – to handle the payment and delivery.

    With Cold Stone Creamery, there are five gifts to choose from with list prices ranging from $5.25 to $6.25. Burger King sells only the Whopper – at a whopping $7.00, plus the 50 cent handling fee.

    Although the process for selecting a Friend, completing the transaction and the final “delivery” of the gift are similar, where and how the offer is presented is very different. For some inexplicable reason, Cold Stone Creamery has their eGift Social app on their website, buried under the Gift Cards...

  • 1 comments 1,356 reads
    Posted on 2010-05-25

    Pat Allen of RockTheBoat Marketing has done a good job of keeping up with which financial services firms are doing what on the social web. She did a synopsis of panel discussions held at two recent industry events – the Investment Company Institute (ICI) General Membership meeting, and their Operations and Technology Conference. Those paraphrased included senior people at big brand names like Vanguard, Hartford Life, Bank of America Merrill Lynch, Fidelity Investments Institutional, Morgan Stanley Smith Barney, and Edward Jones, as well as other firms such as First Eagle Investment Management, Franklin Resources, LPL Financial, and Northern Trust.

    The blog indicated that Hartford Life President and COO, John Walters, and First Eagle Investment Management President and CEO, Bridget Macaskill, said that they “don’t get it,” but the rest of the participants in the various...

  • 0 comments 1,088 reads
    Posted on 2010-05-23

    I’ve been working hard and not communicating online. Not a good choice for a social media consultant, and certainly not the advice I give to my clients. The hard work has been with a candidate in a primary campaign in a small state. There are five candidates for the same position so the small pie is being cut into very thin slices, and just edging out the other opponents is all that is needed. There is no requirement for a real majority.

    I have a candidate who is a natural for social media. He genuinely engages with people, listens to them and remembers what they say. Facebook, especially, has been a strong means of communications for him. The mobile upload of pictures from meet-and-greets in towns around the state and his personal comments keep him in touch with his Facebook friends, and keep his  supporters not only engaged with him, but also with other supporters. We’re on the final stretch of the campaign with Election Day coming up on June 1st.

  • 1 comments 2,619 reads
    Posted on 2010-03-17

    Friends have convinced me that “free” is better than “not free.” I should have know that. After all, my goal is to start a productive dialogue within the financial services industry about how to engage on the social web AND protect consumers. For anyone who is interested in this someone complex, but very important issue, Please download ” Financial Services & Social Media” and let colleagues in the financial services industry know about it.

    Click here to download free 40-page white paper

  • 0 comments 1,417 reads
    Posted on 2010-03-13

    As someone who has a background in marketing to the financial services industry, and who is also social media consultant, I have been watching, with interest, some of the forays into the social web by companies like Vanguard and Fidelity. I have also noticed that many who profess to be holding back on entering into social media actually have most of their registered reps active on LinkedIn and Facebook, but have no real policies in place to guide and support their reps.

    Financial Services & Social Media White Paper

    I remember that there was a lag time between when email and the Web 1.0 world began to dominate how companies communicated, and when FINRA (the financial...

  • 0 comments 2,353 reads
    Posted on 2010-02-14

    Google forgot the first rule of social media when it released its Google Buzz social networking service. They forgot to listen first. Worse, they didn’t even start a conversation with their Gmail users. Many people woke up to find practically anyone they had ever sent a Gmail to suddenly their Buzz friends. This is not a case of “suggesting” that you might want to connect to or become a friend of someone connected to your friends (like LinkedIn and Facebook do) but “wiretapping” you and exploiting the object of all your private communications.

    I also discovered that people that I had never met – or emailed – were suddenly my friends. Yes, I could choose to block them – after the fact. There were some men whose pictures showed up on my Buzz page as contacts that I neither wanted to engage with on my computer nor potentially have knocking on my front door.

    Given the lack of privacy settings, the inability to block contacts before, not after, the fact, I disabled Google...

  • 0 comments 1,566 reads
    Posted on 2010-01-21

    Social capital is to social media what a Google page ranking is to search engine optimization. The difference is that a high Google page ranking means that – if people are looking for a company that does what you do – your company can be found. It infers a level of popularity and increases the chance that people will check your company out. This is fine, and if your company website makes a good first impression, you then increase the likelihood of someone making direct contact with you.

    However, we know that personal referrals and networking are how most business is done. This is where social media excels. In the social media, your company (and its employees) can build those connections that can ultimately turn into business relationships or referral sources.

    This is where the concept of “social capital” comes in. It is not a new concept – sociologists were using this term long before social media came into being. It refers to the...

  • 0 comments 2,028 reads
    Posted on 2009-12-04

    What Makes the top 50 Facebook Fan Pages Work? In the case of Best Buy (#13 on The Big Money list), some real creativity and commitment.

    Best Buy has often been used as a case study for how online communities can develop and improve employee performance. In the book groundswell, six pages are dedicated to blueshirtnation,  an online employee community credited with improving service at Best Buy stores. If you look at the Best Buy TV ads over the last few years, you will see that the focus is on their sales associates – supporting the premise that good employees = good service.

    Their Facebook Fan Page – although not literally a person – has personality.  It is rich in interactivity,...

  • 0 comments 1,893 reads
    Posted on 2009-12-02

    The Big Money published a list of the top 50 companies on Facebook the other day. They measured both the number of fans and the amount of fan interaction. They did not include pages run by fans – though the company in the top spot (Coca-Cola) has a site that was founded by a fan who continues to run that page with Coca-Cola’s support.

    It would have been nice to have some more analysis from The Big Money so – over the next few days – I will try and drill down and provide some additional thoughts.

    Facebook ads seem to work. This should be good news for Facebook since, from my outsider’s vantage, old-school advertising is their only real revenue potential at this time. The Big Money reported that JC Penney purchased Facebook ads for the back-to-school...

  • 0 comments 1,430 reads
    Posted on 2009-11-20

    As a former product manager who has launched literally dozens of products and new business lines, I had a checklist of all of the touch points needed for a successful launch. However, in the age of Web 2.0 and social media that checklist now has some new steps with more extended new timelines, and some old steps have either been eliminated or diminished in terms of the amount of effort put into them.

    The rule in the past was to line up everyone within your organization to be trained and ready to go on Day 1 of a product launch. It still holds true that sales, customer support, and operations need to be fully trained and ready to go when a product is put on the shelves. For services and software that go through a Beta release stage, there is often a more extended launch period, not just one day when everyone symbolically cuts a ribbon. How to roll out a product internally has not changed that much.

    What has changed is the external process. The communication to those...


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