Social Network Class Presentation

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    Social Network Class Presentation - Presentation Transcript

    1. A Study In Using Social Networking To Enhance User Experience and Engage Your Audience
    2. “ExpertVillage.com offers the largest choice of professionally produced and researched videos, to answer your everyday questions with answers you can trust.”
    3. Pays “Experts” for Videos =$26.67/video
    4. Profits From Advertising
    5. Traffic Sources Strong Focus On: • Affiliate Links • Organic Search • Social Media Channels
    6. Users A large audience, but in comparison to rival services, Expert Village lacks strong growth and user engagement.
    7. Large User Base
    8. Engagement & Growth 3 Minutes/Visit 74.5% Year Growth 7 Minutes/Visit 7 Minutes/Visit 136% Year Growth
    9. Options for Action Buy Vs. Start Own Social Network
    10. Buy
    11. Costs -Too Expensive. Cost won’t justify returns. -Too Complicated. Through large company, Demand Media. (Yahoo’s $2 billion dollar attempt failed)
    12. Strengths • Large User Base, 1.2 million visitors/month. Strong community already exists. Potential for future growth. • Save time on development and marketing efforts.
    13. Weaknesses • Much of content not relevant to Front Porch Entertainment. • Crowded space, does not stand out from competition. • Costs too high, better option (starting own) exists.
    14. Start Own Social Network
    15. Yes.
    16. Source: Forrester Research, 2008
    17. First Thought? • Personal Family Social Network: With the ability to customize your own family pages. -Share photos, messages, updates, events.
    18. Problems • A much too crowded, competitive space. …and more
    19. Next… A Virtual World for Families?
    20. Problems …family oriented brands are already deeply embedded In this industry. Bad news for virtual world industry when Google fails….
    21. “Where The Family Gathers”
    22. • The Front Porch will be a social media channel focused on family oriented content. Content will be shared on the Front Porch, and discussions will be facilitated in the Neighborhood. ….A Media Channel + Social Network Site
    23. A Media Channel • Content will consist of family orientated, and family friendly videos. • A focus on “How To” videos and tutorials for the family.
    24. A Social Network • The Neighborhood will serve as the networking component. • Use CGM to support videos, topics, tutorials. • Interaction between content creators and viewers. Advice forums and discussions. • Adds support, value, and interactivity.
    25. • Videos For The Parents - “How To Plan A Great Family Road Trip” • Videos For The Children – “How To Win At Hide-N-Go Seek” • Videos For Both – “How To Build An Awesome Tree House”
    26. Advertising • Focus on providing family-relevant advertising, that works to actually enrich user experience. • Relevant to the message and content on the particular page.
    27. Security • Family relevant and friendly advertising. • Monitor comments and discussions – Built in spam filters and methods – Human efforts. Ability to “flag” content. •Strong suite of personal privacy options and features •Strive for highest ratings with Family Online Safety Institute, SafeSurf, etc.
    28. Costs • Custom Build: $25-50k • Utilize White Label Social Networks and Video Providers: -Hundreds of choices. -Range: Free  $ Millions
    29. Strategy • Use established brands/services to help support new service. (Affiliate, Alliances)
    30. We Asked The Experts…
    31. Nick Seguin • Miami University Graduate • Head of Business Development, dynamIt Technologies, a Columbus based Web Engineering + Design Firm. \"Front Porch Entertainment has an opportunity to build Social Networking and Media into not only marketing campaign(s), but into the foundation of how they communicate with clients and industry. This networking, implemented and executed strategically, allows for open and fluid dialogue with the world; this is truly the only way anyone with a client or a customer, no matter the industry, will survive.\"
    32. Gary Vaynerchuk • Grew his family wine business from $4 million in sales to $50 in sales in 5 years, largely through the use of social media and internet involvement. • Featured on Conan O’Brien, Mad Money, Nightline, The Big Idea, Wall Street Journal. • Considered to be one of the leading experts on social media, social networks, and internet strategy.
    33. “If Front Porch Entertainment does not leverage social networking and media , it will be another company that has positioned itself for failure. The landscape of how consumers interact with products and content has fundamentally changed so much that there are few people who have totally grasped it… make sure Front Porch Entertainment is one of them”
    34. Jeremiah Owyang •Senior Analyst, Social Computing, Forrester Research “Front Porch must first find the technographics of the market they're serving before determining which tools and features to use (this is actual advice I give each of my clients)”
    35. Pete Blackshaw • Vice President, Digital Strategic Services, Nielsen Online. • Brand Manager, Procter & Gamble Interactive • Author: \"Satisfied Customers Tell Three Friends, Angry Customers Tell Three Thousand: Managing a Business in the Age of Consumer Control.\"
    36. “What’s important is how you segment within the certain communities. There is lots of family focus out there today like iVillage, Mom Blogs, etc. so connect with them. “ “It is also important to know that we are on the cusp of a major mobile revolution. The ability to view instructions for parents on their cell phones while on-the-go from The Front Porch is attractive.”
    37. • The Front Porch will be “Where The Family Gathers” • A positive, useful, family-oriented site that allows discussions and discovery. …..Will allow Front Porch Entertainment a useful tool to provide families with a great experience, while becoming profitable through smart monetization efforts and relevant strategic partnerships.
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