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Josephine Borrillo LLC Posts

Should Pharma attempt producing their own podcasts?

 

Changing times also brings a need to adapt and be creative. That is why podcasting can be an excellent source of content for pharm.

question 1: what basic things does pharma need to know about podcasting?

 there are many benefits to podcasts:
  • a podcast is relatively easy to produce
  • it allows the audience to listen while doing other things, alias multitasking
  • podcasts allow for easy listening instead of reading content all the time
  • it can be a powerful marketing tool

but also need to make sure you have:

  • the right equipment to record quality podcasts
  • distribute on multiple channels in order to reach a broader audience

question 2: how can podcasting add to pharma’s traditional marketing plan?

  • podcasts allow for easy listening instead of reading content all the time
  • it can be an alternative to video
  • podcasts can help you reach new audiences
  • podcasts can be added to a traditional email campaign
  • podcasts can be highly engaging
  • podcasts can be listened to on demand, while in the car, working out, in an airplane
  • podcasts provides a format for sharing your expertise in your industry
  • podcasts helps you to stand out in the super-competitive online market

question 3: what topics would work well for pharma in podcasting?

 sharing information about:
  • clinical trials
  • disease awareness
  • policy issues
  • industry research
  • drug mechanisms
  • company information, financial and corporate
  • general information related to the industry or sector

question 4: how can pharma assure consistent followers or listeners?

consistency is critical:
  • although there are no rules, listeners like to know what to expect
  • a consistent posting schedule is super important for podcasts, think of it like a TV program certain day certain time

familiarity and structure are good:

  • have guests, which can be more interesting than just one person talking
  • have no guests
  • have more than one guest, more hosts means more ideas and content
  • get your CEO to do a podcast
  • co-host with someone that lives in another state or another country

question 5: how can pharma measure effectiveness on their podcasts?

 some basic ways of measuring effectiveness include:
  • who is downloading your podcasts
  • who is subscribing to your podcasts
  • who is sharing your podcasts
  • who is talking about your podcasts and what are they saying
  • monitoring your traffic with tracking URLs, look at visitor’s interactions with your website

here is a simple equation to measure ROI of your podcast:

revenue generated (minus) expenses (divided) by production hours = return on investment

 

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Big Pharma can you please explain why all the Twitter accounts?

I was in the process of creating Twitter lists of pharmaceutical companies when I came to realize just how many Pharma Twitter accounts there are.

I am curious and I want to take a closer look at what is going on and why it could be happening.

question 1: so why so many Twitter accounts?

  • the accounts may have been registered years back when “you had to be on social media”
  • different product and business unit lines or roles (for example CEO) call for different and dedicated accounts
  • several departments within the same organization may have created different accounts


question 2: can too many accounts be confusing for the audience?

  • multiple products or brands speak to different audiences, so lumping accounts together could lead to confusion
  • always good to keep brand and customer service accounts separate
  • many pharma companies are creating accounts for specific campaigns:
    • the purpose for marketing campaigns is to leverage the following you already have so why would you want to start from scratch with a new account?
    • instead today it is better to use hashtags for campaign purposes instead of new Twitter accounts
  • regional offices may want to have different account since they operate in different parts of the world:
    • audiences speak different languages, could be distracting to see several different languages coming from one account
    • different accounts allow for different versions of the same product with different regional regulatory policies

question 3: are multiple accounts worth the time and effort?

  • accounts need content, day to day maintenance, engagement, and staff to keep the accounts running smoothly
  • always remember what is the purpose for your Twitter account and are you meeting your followers needs
  • remember several accounts can dilute content if you do not plan
  • on the positive side more accounts also means more exposure, different audiences are following different accounts
  • with multiple accounts brands can target niche audiences and provide customers with more engaging content

question 4: should pharma have a social media customer service account?

  • this is one of the main reasons for most companies to have a Twitter account in the first place
  • always good to have a separate dedicated customer service account:
    • makes it easier to monitor for customer service related tweets
    • helps customer to know where to send comments or complaints or even adverse events
    • a dedicated customer service account ensures that all of the branding activity is not over shadowed by complaints or comments or request for information
  • make sure that customer service account is constantly being monitored
  • good social media etiquette is to have person that wrote the tweet also sign it off

question 5: could the cause for all the Twitter accounts also be due to no alignment within the company on a social media strategy?

  • social media sits across the entire organization and not on one sole team or brand
  • in a crisis situation all teams and departments will want to act swiftly and messages must be coordinated
  • we tend to forget but, social media has an effect on the entire organization not just one brand or campaign
  • anything shared on social media platforms needs to be in alignment with the entire company
  • pharma companies need to consider to have in place a social media community manager and an overall company social media strategy

check my post “so which department owns social media in a pharmaceutical organization?

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VR/AR for pharma

I participated in a very informative #cmworld tweet chat January 31st. The topic was on VR/AR (virtual reality/augmented reality). One of the chat questions that came up was “Can VR and AR work for every industry?” Hum this got me thinking, can VR/AR work for pharmaceutical companies?

Wikipedia defines virtual reality (VR) as *realistic and immersive simulation* , a person can *look around, the artificial world move about in it and interact with features or items that are depicted on a screen* .

Wikipedia defines augmented reality (AR) as *a live direct or indirect view of a physical real-world environment whose elements are augmented (or supplemented ) by computer – generated sensory*

question 1: what are some impactful ways pharmaceutical companies can use virtual reality and augmented reality in their content marketing?

For both the physician and consumer:

  • VR/AR is all about a customer experience
  • with VR consumers become active participants
  • it is a new way of experiencing published content
  • it is a new way of creating storytelling medium
  • VR/AR can stimulate more empathy for the patient and the challenges they face

question 2: What are some of the barriers to overcome in order to have VR and AR in place?

Some barriers to overcome:

  • VR and AR both not only need better, but also cheaper hardware
  • AR requires sophisticated sensors
  • broadband speeds can be an obstacle; what happens if an AR -enabled device loses its connection to the internet, the experience is lost
  • how can pharmaceutical companies see a ROI out of using VR/AR

VR/AR will find day to day applications, we are just at the beginning.

question 3: What should pharmaceutical marketers have in place before they start planning for VR and AR?

  • a must have in place are SOPs (Standard Operating Procedures) so get regulatory & medical & legal around the table and write those SOPs
  • need to understand how VR/AR will fit in with your overall product or company strategy

question 4: some examples of how VR and AR can work for pharma industry?

  • training and education:
    • VR/AR can be a learning tool enhancement to:
      • help consumers and healthcare professionals to understand treatments
      • help patients & doctors understand how a drug works
  • drug launch:
    • understanding chemical pathways or processes in a fun and interactive way, and which makes a greater impact when compared to power point or just a simple linear film
  • conference booth:
    • new avenues to attract attention
    • entice visitors to stop at your booth; once you grab their attention you can build through traditional media
  • corporate responsibility:
    • visual stories with strong emotions can be told in a completely different way
  • simulate the effects of a condition or disease:
    • allowing patients to see and experience treatment with AR
    • can help to remove uncertainty and anxiety

question 5: How can marketers justify the cost of VR/AR to stakeholders? How can brands measure the success of their VR and AR projects?

some background information first:

  • Goldman Sachs states that healthcare VR applications will top $5.1 billion in sales by 2025, with 3.4 million active users – 1.5 million of whom will be by medical professionals
  • increasing competition means prices for VR is expected to decline, while accuracy and user experience will improve
  • VR/AR are becoming more consumer friendly
  • there is a need to get over the *wow factor* and make it valuable:
    • the VR/AR engagement time is greater:
      • consumers and healthcare professionals do watch longer then a fixed frame or traditional content, which means they are completely immersed and engaged
      • you have 100% of the consumer or healthcare professionals’ attention
      • interactivity means consumer or healthcare professional is spending more time on your content or product or brand
    • the power of VR/AR combined with traditional content can create compelling content
    • VR/AR instills emotion and empathy, which is memorable
    • consumers today are expecting more innovative and creative ways of experiencing a brand, they expect new channels for increasing brand awareness
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tweet chat quoted

2/17/2017 #SproutChat Productivity for marketers

2/17/2017 #MTtalk Is it criticism or feedback?

2/13/2017 #ContentChat An introduction to social media growth hacking

2/14/2017 #LinkedInChat LinkedIn

2/14/2017 #CMWorld Digital asset management: a #CMWorld chat with Theresa Regli

2/14/2017 #LinkedInChat LinkedIn

2/14/2017 #LinkedInChat LinkedIn

2/14/2017 #SocialROI How do you see the rise of visual content changing the social media landscape

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The new skill sets for social media management

 

Pharmaceutical companies need to start considering, if they have not already, to adding social media managers to their hiring portfolio.

 

1: do you need new skill sets for media management today?

Yes! Social media has become and will continue to be a important channel of communication. It is no longer a “nice to have” or a on the side activity. Pharma companies work in highly regulated environment but they still need to sharpen their skills in social media management.

 

2: in house or outsource?

There are slight differences, but in the end you need a social media manager, in house or outsource does not really matter. In house always means you start to build and acquire expertise within the organization. Outsourcing, on the other hand, you are relying on agencies which are probably managing other accounts at the same time and cannot dedicate 100% of their time.

 

3: full time job or just an add on to other job responsibilities?

The bottom line is social media management is a full time responsibility. What you must look for however is to have one sole person responsible. This cannot be a role added to an already existing role and that will get pushed to the bottom of the priority list because some other urgent matter comes up.

 

4: where should it sit?

I covered this point in a previous post. In my opinion there needs to be a team that is solely dedicated to social media and that hold the right social media skills. There needs to be collaboration and interaction with other functions, such as sales and marketing and regulatory or safety divisions.

 

5: what are some of the skill sets to look for when hiring a social media manager?

Here is a list of what I would look for:

  • Social media presence and are they engaged on social media
  • Knowing the difference among the social media platforms are they staying up to date on platform updates & management
  • Social customer service, if asked a question or receive a comment you need to know how to respond and respond preferably within an 1 hour
  • Content curation: managing what content you have in house and where, when and how to share
  • Community management: this is all about understanding your online community, responding and interacting with your audience
  • Creativity: no more boring press releases you need to get creative with content to attract and engage
  • Analytics: analyze posting habits; content that is interesting; engagement; monitoring what is being said about your brand; trending topics
  • Relationship building: how do you go about building your community and keeping them engaged
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Being social on social media

As the word social in social media implies you have to be social. Does being on social media and not being social work? Many pharmaceutical and healthcare organizations for that matter are looking to using social media platforms as just another tool to push their messages across. They have not yet grasped the notion that social media is really not a tool but more of channel. A channel of communications, to have conversations or a dialogue with real people.

1) what do we mean by being social on social media?

Social media platforms are set up in way that allows for a two way conversation. The word social is in there for a reason, is all about relationships. It is about human relationships. We tend to forget but people on social media are real people. Businesses that “get this” are and will be the most successful on social media and in return their ROI.

2) what are some of the mistakes we still see pharmaceutical companies doing on social media that is not social?

I still see pharmaceutical companies being so corporate. Posting and sharing traditional corporate messages on social media does not really work. These kinds of messages do not really allow for audience engagement and frankly I find them to be very boring.

Pharma is still following the traditional PR paradigm of pushing messages out. What really needs to change is for pharma to get some real people on board. For example start with your CEO, get them on Twitter. (see my post on this) Get your employees on social media, they are your best advocates.

Pharma should also start following the 80/20 rule. That is serving 80% of the time and selling 20% of the time. This is a great opportunity for Pharma since they can be of service 100% of the time instead of selling and at the same avoid the many problems of illegal promotion of medicines to the public across most of the globe.

3) can a corporate style pharma company coming from a push information style transform to an engaging style?  and what will it take to convert to this new paradigm?

Yes.

The first step for pharma would be to get marketers to think of social media as a different way of marketing. They need to make the paradigm shift to thinking of social media as being a channel and not a tool.  The social media platforms are where people go to search and find people. They are platforms where people can an ask questions or answer questions. They are platforms where people can express themselves.

Second step would be, social media needs to change from being a “nice to have” on the side activity to being an integrated component of the business strategy. Traditional marketing worked back in the days of brick and mortar. But in today’s digital age social media has become the word of mouth or the new sales rep.

Third, there is a need to get on board people with social media skills. Whether pharma hires for this role in house or outsource, you need to have people with the right social media skills on board. A social media manager has a big responsibility. It is not a job role that is just added on to something you are already doing and that constantly shifts and gets put to the bottom of the list because of other company priorities.

4) does social media engagement matter?

In today’s world yes. It is all about empathy and empathy is a true human connection. Not showing empathy or engaging on social media today will have an impact your on your bottom line. Pharma needs to understand that social media is more about reflecting your corporate culture then it is about generating revenue. For example, pharma does a lot of good work and gives back to their communities. Why not highlight this and start a conversation with the community you work with or give back to.

5) measuring social on social media?

Social media is all about measuring social relationships. It is not just measuring vanity metrics; likes, followers and comments. It is all about being real. Building up value and loyal followers and advocates. Metrics therefore should be established on what you do with your engagement.

Some metrics that can be used to measure social performance on social media include the following:

  • Do you respond if someone asks a question or a mention? Do you then answer in the most appropriate way?
  • Do you highlight user generated content?
  • Are you creative with your content?  Or are you pushing a regular bland press release or blah corporate message that can be found on your website.
  • Do you share pictures, images and videos? These today do very good on social media platforms because they are real.
  • Have you considered crowdsourcing content? I do not feel pharma is ready for this, but something to think about for the future.
  • Do you spend time evaluating your content? Do you analyze what worked what did not work and which content was most engaging?
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