Link Value of Social Media
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Link Value of Social Media

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Quick, high level overview of the social media market and how it can be utilized to drive links.

Quick, high level overview of the social media market and how it can be utilized to drive links.

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Link Value of Social Media Link Value of Social Media Presentation Transcript

  • Link Value of Social Media
  • Overview
    Pros of Social Media
    Cons of Social Media
    Formula
    Our Problems
    The Competition is Ahead
    Examples
    Finding the Best Sites
    Locating Influential Leaders
    Using your Research
    ROI and Conversions
    Playing it Smart
    Questions to Ask
    Resources
  • Pros of Social Media  
    Relationship building with industry insiders you may never meet.
    Find a niche market, you'll find valuable traffic (if you become a reliable source).
    Announcing new links, articles, sites, specials, news across various outlets can be fairly easy which gains:
    Exposure
    potential for faster crawling
    easy sharing among followers, friends, peers
    Potential for finding links in new areas. 
    Emotionally fulfilling
  • Cons of Social Media    
    • Time consumingDifficult to break into the noise
    So many options, where to start?
    Must develop a plan first.
    Becoming a community “voice” requires commitment, dedication, and quality resources.
    ROI can be difficult to measure
  • Formula
    Social Media Network + Linkbait = Inbound Links
     
    Linkbait has limitations.
    Great for:
    Inbound links (if you have an effective piece)
    Search engine rankings (if you can achieve the aforementioned links)
    Publicity (people will start to know who you are and remember your brand after seeing your site several times through social media)
    Branding (growing awareness and a reputation)
    Getting the Attention of Influencers
    Not Good for:
    CTR-based ads
    Conversions
    Supportive, emotionally sensitive comments
    Positive re-inforcement (in most cases)
    Instant subscribers
     
     
    http://www.seomoz.org/blog/social-media-traffic-isnt-useless
  • Our Problems  
    Problem #1 – Time Constraints
    Problem #2 - Creating Linkbait
    Solution - build relationships through social media to get email/phone interviews, guest articles, etc.
    Use Spezify, gather data for infographics or other useful graphs, or create content around popular discussions in your niche markets.
    Communication = Engagement = Reach/Traffic/Link Potenital
    Problem #3 – No Reciprocal Linking
    Solution - content sites allow us a way around this, if necessary.
    Problem #4 – Measuring Value / ROI & Lead Gen
    One solution – utilizing the Search Marketing tools in Raven to track time, progress, etc.
  • The Competition is Ahead
  • Example of Competitor Tweets
  • Finding the Best Sites  
    Lots of options, articles and opinions are out there. Figure out your angle and work it. 
    1. Bookmark / tagging sites - Digg, Del.icio.us, Flickr (niche), StumbleUpon
    2. Article / content submission sites - eHow, Ezine, RSS feeds
    3. Profile pages - WikiHow, 43 Things
    4. Persona Builders - Yahoo! Answers
  • Locating Influential Leaders
    Here's where Twitter comes in:
    WeFollow.com helps you locate Tweeters who are "most influential" and those with the "most followers" based on a specific keyword. 
    Locate these, follow them, find out what they link to/tweet about and create it. 
    Twitter Local can also help find local influencers, either local to you or to your school.
  • Twitter Usage on the Rise
    115% increase in usage from Jan 2010.
    Our best option is to find niche areas within this to drive traffic and attract users who are more likely to “retweet”, post backlinks on their other sites, and refer our services/products to their followers and friends.
  • Using your Research
    1. Create pages that provide links back to your site (i.e. Squidoo Lens) - this provides both traffic and link popularity.
    2. Create pages that will rank well in search engines for low-moderately competitive terms/phrases - check your Raven tools, use a thesaurus/Wonder Wheel/Search Suggestions for ideas.
    3. Build profiles on sites that can attract links, attention and contacts from other members, like Digg, Reddit, Wikipedia or on industry blogs.
    4. Contribute to the growth and value of social media sites (i.e. don't spam, influence)
  • ROI and Conversions, Part 1
    Redefine “i” in ROI
    Return on engagement – the duration of time spent either in conversation or interacting with social objects, and in turn, what transpired that’s worthy of measurement.
    Return on involvement – similar to participation, marketers explored touchpoints for documenting states of interaction and tying metrics and potential return of each.
    Return on attention – In the attention economy, we assess the means to seize attention, hold it and as such measure the responses activities that we engender.
    Return on trust – A variant on measuring customer loyalty and the likelihood for referrals, a trust barometer establishes the state of trust earned in social media engagement and the prospect of generating advocacy and how it impacts future business.
  • ROI and Conversions, Part 2
    To measure ROI effectively we need to determine what it is we are measuring.
    First answer, “What is it we want to change/improve/accomplish/incite/etc?”
    Then we can establish goals and objectives that specifically tie activity into:
    Sales / Registrations
    Referrals
    Links
    Reduction in costs & processes
    Lead gen
    Conversion
    Inbound activity
  • ROI and Conversions, Part 3
    Forecast for SM Metrics 2010
    Many CMOs 89%, tracked the impact of social media by traffic, pageviews, and the size of their social graph or communities [in 2009]. However, 2010 is the year that social media graduates from experimentation to strategic implementation with direct ties to specific measurable performance indicators.
    Top 3 metrics to study for 2010
    333% surge in tracking revenue
    174% escalation in monitoring conversion
    150% increase in measuring average order value
    Based on study by Bazaarvoice and CMO Club on MarketingProfs recently.
    (http://www.briansolis.com/2010/02/roi-how-to-measure-return-on-investment-in-social-media/)
  • Play it Smart
    “If you want to play in this space you need to pick a social community that’s going to give you the biggest bang for your buck and work it.” Debra Mastaler of the Link Spiel
  • Questions to Ask
    1. Does this site have good traffic?
    2. Is it quality traffic (niche)?
    3. Is the community/site active?
    4. How spammy is the site?
    5. Can this site tie in to other sites so they're all updated at once? (Yahoo/Twitter/Facebook/Digg)
    6. What is my focus for this site (traffic, reputation builder, content syndication)?
    7. How much time will this take to gain results?
    8. Are there other, better options to meet my goals?
  • Resources    
    Spezify http://www.spezify.com/
     
    We Follow: http://wefollow.com/
    Twitter Advanced Search http://search.twitter.com/advanced
    Social Media Traffic isn't Useless http://www.seomoz.org/blog/social-media-traffic-isnt-useless 
     
     Photo http://www.flickr.com/photos/4everyoung/313308360/#/photos/4everyoung/313308360/lightbox/