Social Media is a powerful way for organizations of every size and industry to interact with their customers, critics, fans, and partners. The introduction of Social Media has enabled users to post comments, thoughts and opinions about services and products. With the increased frequency of participation in these sites, users are quickly becoming co-contributors to your brand — making it difficult to control your own messaging. This complimentary webinar is great for marketers looking to quickly get up-to-speed on the elements of Social Media, and more importantly, how to leverage those elements to increase ROI and take control of brand positioning.
2. Agenda: What Will We Cover?
1. Is Your Company Social?
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2. What Is Social Media?
3. Is There Business Value
4. How Do We Get Started?
5. What Constitutes Success?
What Constitutes Success?
6. What Are The Key Elements?
7. What Are The Phases Of A Social Media Program?
What Are The Phases Of A Social Media Program?
8. What Brands Are Good At Social Media?
4. Common Marketing Objectives
Odds are your company’s marketing objectives are to …
Build Product Awareness
Create Interest & Demand Using tactics like …
Reinforce Brand Loyalty Media Relations
Provide Information Media Tours
Drive Leads Newsletters
Increase Revenue
Increase Revenue Special Events
Special Events
Speaking Engagements
Sponsorships
Employee Relations
Community Relations and Philanthropy
or traditional media like …
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9. What do all these marketing
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efforts have in common?
They only facilitate one
way flow of information.
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What we want to do
is facilitate two way
conversations.
13. Let’s Start with Something Familiar
Public relations (PR) is the practice of managing the flow of
information between an organization and its publics.
information between an organization and its publics (Wikipedia)
Marketing (traditional) is the activity set of institutions and
(traditional) is the activity, set of institutions, and
processes for creating, communicating, delivering, and
exchanging offerings that have value for customers, clients,
partners, and society at large. (AMA)
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Advertising is a form of communication that typically attempts
is a form of communication that typically attempts
to persuade potential customers to purchase or to consume
more of a particular brand of product or service. (Wikipedia)
15. Social Media is …
Social media is primarily a collection of Internet‐based
tools for sharing and discussing information among
t l f h i d di i i f ti
human beings. (Wikipedia)
… the toolset of Web 2.0 technologies and websites that allow for the
creation of (On‐site), and participation in (Off‐site), virtual online
communities.
Social Media Optimization is the process of maximizing
Social Media Optimization is the process of maximizing
your exposure across all web communities related to
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your products, services or opinions.
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16. Where Does SM Fit in the Mix?
Online Traditional
Catalogs
Search Engine
Search Engine Association
Optimization Meetings
Direct
Social Media Mail
PPC The Web Trade Shows
Email Magazines
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Marketing
Websites
Newspapers
Distributor
Shows
17. … Same Marketing Objectives
• B ild P d t A
Build Product Awareness
• Create Interest & Demand
• Reinforce Brand Loyalty
Marketing Objectives • Provide Information
• Drive Leads
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• Increase Revenue
Strategies
Social Media does not have to change marketing objectives
Must follow and foster brand values
• Blogs • Podcasts • Social News
• Forums • Streaming Video
Streaming Video • Micro Blogging
Micro‐Blogging
Tactics •
•
Ratings / Reviews
Social Networks
•
•
Photo Sharing
Life Stream
• Hub Sites
• Widgets Aggregators
Outcomes
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22. Social Media Profiles
Creators Joiners
Publish a blog Visit social networking sites
Publish own web pages
Publish own web pages Maintain profile on social
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Write and post articles networking sites
Upload self‐created videos
Critics Spectators
Comment on a blog Read blogs
Comment on a forum Listen to podcasts
Rate/review products Watch videos
Contribute to a wiki Read online forums
Read ratings/reviews
Collectors Inactives
Add tags to web pages/photos None of the above
Vote for web sites online
Use RSS feeds
24. Who Do Your Customers Trust?
The average person is exposed to 3000 advertising
messages/day
Only 14% of people trust advertisements
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Source: Nielsen” Trust in Advertising” Report, October 2007
32% trust bloggers opinions on products & services
Source: IAB Platform status Report: User Generated Content, social media, And
Advertising – An Overview, April 2008
30. Determining Current SM State
Identify
Analyze Topics to
Trends and Talk About
Conduct Patterns
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Competitive
Assessment
Understand
Your Audience
Review
Business
Goals
33. Conduct Competitive Assessment
Determine how your company stacks up …
Brand awareness & reputation:
Tools: google.com/alerts, blogscope.net, search.twitter.com,
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co.mments.com, trendrr.com
Gaps or opportunities in the Social Media space:
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Tools: yacktrack.com/home, alltop.com, dipity.com
Keywords your competitors are using:
Keywords your competitors are using:
Tools: http://searchanalytics.compete.com/site_referrals
34. Analyze Trends and Patterns
Trends in:
Participation
Consumption
Adoption
Patterns:
Seasonality
Critical Mass of Audience:
Tools: boardtracker.com, technorati.com, alltop.com, touchgraph.com
Validate Influential Individuals:
“Follow” these individuals on Twitter
Subscribe to their RSS Feeds
S b ib h i SS d
36. Make Data Driven Decisions
Make Data Driven Decisions
Use Key Findings to Develop Your Social Media Tactics
Business Goals Resources
• Increased sales • Content
• Brand awareness • Technology
• Service customers
Service customers • Subject Matter Experts
Subject Matter Experts
• Budget
Users Goals Industry Trends
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• Find Info • Web 2.0
• Get support • Competitive Landscape
• Buy Now • Increased spending
• Social Networking
Tactics
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38. SM Campaign vs. SM Program
Comparison Point Campaign Program
… has a defined START date
… planned to meet a specific goal(s)
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… can incorporate prizes or other incentives
… can be tied to an event or special news
… has a theme or creative concept
… has a defined END date
Key Point: As your Social Media activity increases and
evolves … your audience engagement will also increase.
evolves your audience engagement will also increase
So, why should it end?
40. Apply Clear
Apply Clear
Strategies &
Objectives
Reminder: Social Media strategy
and objects should align with
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overall marketing goals and
reinforce brand values.
42. Define your …
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Social Media Team
Executive Champion
Internal Community
Program Leader
Internal Community
Internal Community
Program Manager
Refine your …
Policy & Protocols
Communication Plan
Roles and Responsibilities
43. Build a Playbook
Build a Playbook
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Reminder: The Playbook is living
document and should evolve with
document and should evolve with
the Social Media program.
48. Quantitative Measurements
Number of page views Number of widget downloads
Number of responses/comments Number of pages bookmarked
Number of content embedment Number of bloggers engaged
Number of downloads Total traffic driven to destination page
Number f h
N b of shares Total t t/
T t l text/email subscriptions
il b i ti
Number of blogs posts & references Number of new links secured by social
media marketing
Ranking for organic search
Number of video views
Number of inbound links
Number of ratings, reviews and votes
Number of friends, fans, members
and subscribers Number of pages forwarded
Ranking on social bookmarking Conversion rate of referral traffic
platforms
Time on site
Number of mentions from micro
blogs
51. Determining ROI = BENEFITS
COSTS + RISKS
BENEFITS
1. Research value:
# of valuable comments & feedback x cost for 1 minute interview
2. Impact:
2 Impact:
estimated conversion rate x revenue per conversion x reach x
frequency
• Reach: # of viewers x word‐of‐mouth value
• Frequency : average # of repeat visits / time
52. Determining ROI = BENEFITS
COSTS + RISKS
COSTS
1. Start‐up Costs (planning, development, and training)
2. Maintenance Costs (moderation and participation)
3. Risks (probability of risk x potential cost of risk)
55. Key Elements of Social Media
Value
1. The marketing effort provides valuable content that supports the users’ goals*
2.
2 The key elements of the marketing effort are available where needed*
3. The marketing effort allows for the measurement of ROI
Socialization
4. The marketing effort should be self-fueling*
5. The marketing effort should encourage member-to-member participation*
6. The
6 Th marketing effort should encourage member-to-website i t
k ti ff t h ld b t b it interaction*
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7. The company participates in the effort on an ongoing basis*
8. The marketing effort allows the members to share the elements with other locations*
9. There are appropriate calls to action*
10. The marketing effort integrates several Social Media platforms
* Source: Forrester Research Inc.
60. Phase Three: Energize & Motivate
Phase Three: Energize & Motivate
: Energize & Motivate
Igniting the Social Media Atmosphere
61. The Phased Approach
Energize & Motivate
conversa
Determine Technology Accelerators*
ations
Participate
Phase
Phase Develop Hedgehog Concept
D l H d h C t
3
Phase
Phase
Active Listening
2
Get the Right People on the Bus
Phase
Phase
1
time
67. PARTNER.
PARTNER INTEGRATE.
INTEGRATE MEASURE.
MEASURE
BusinessOnLine isn’t afraid of commitment. We partner with our clients, take the time to
understand your business, goals, customers, and vision, and we work with you to achieve success.
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We help you develop plans and tactics to engage your audience, and persuade them to take action.
We can integrate activities to enhance efficiency and maximize impact.
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We gather data, provide insight, and make recommendations. By tying analytics to everything we
do, we articulate marketing ROI, focus on efforts that produce results, and refine programs that do
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deliver.
69. References
Statement Source
1 93% o
93% of Americans expect companies to have a presence in social media
e ca s e pect co pa es to a e a p ese ce soc a ed a Cone, Inc.
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2 Increase in participation from 2007 to 2008 Forrester Research, Inc.
3 Web 2.0 spend expected to increase each year Forrester Research, Inc.
4 Youths are more likely to be frequent, regular users of social networking Forrester Research, Inc.
sites
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5 Worldwide growth among selected social networking sites comScore World Metrix
6 Toyota discussion forum sentiment Attentio.com
7 Sentiment of social network groups Immediate Future