The Social Web why brands must listen, learn and participate Presented by: Eric Forst twitter.com/eforst

The Social Web What is Social Media? Why is Social Media important? Why does Social Media matter to my business? How can I leverage social media for my business? How can I measure ROI in Social Media?

What is Social Media?

Why is Social Media important?

Why does Social Media matter to my business?

How can I leverage social media for my business?

How can I measure ROI in Social Media?

The Social Web What is Social Media?

What is Social Media?

Is Social Media Just Another Medium?

The Conversation Prism Source: Brian Solis, FutureWorks

The Social Web Why is Social Media Important?

Why is Social Media Important?

Social Networking is a fundamental shift in the way we communicate.

Social Media Has Exploded Hundreds of Millions participating -- the dialogue continues to get louder 75% of US consumers participating in social media – Forrester ’08 133m blogs indexed since 2002 – Technorati ’09 Twitter grows to over 32.1M users in a year Facebook user growth in the +35 demographic has doubled last 60 days to 12M with more of them than 18-24 year olds – Facebook ’09

Hundreds of Millions participating -- the dialogue continues to get louder

75% of US consumers participating in social media – Forrester ’08

133m blogs indexed since 2002 – Technorati ’09

Twitter grows to over 32.1M users in a year

Facebook user growth in the +35 demographic has doubled last 60 days to 12M with more of them than 18-24 year olds – Facebook ’09

The Social Web Why does Social Media matter to my business?

Why does Social Media matter to my business?

Word of Mouth Rules

Social Consumers Buy More “ One in three Internet users say purchase decisions swayed by social content“ -- Jupiter Research

Social Media Travels Fast Engadget knocks $4 billion off Apple market cap in six minutes on bogus iPhone rumor

“ Dell Hell”: Jeff Jarvis Customer Service Issue Michael Dell personally commits to these customers Dedicated resources are committed to “responding” & solving problems online IdeaStorm site is created Jeff Jarvis visits Dell and posts positive comments June 21, 2005 Jeff Jarvis blogs about his woes with Dell Customer Service “ Now everybody must spread the word about it, so that Dell people can never escape the Buzz. I blogged about it and asked everyone to blog about it too.” “ I bought a new (used) laptop last week. While browsing the ads I found a few Dell’s. I rejected them out of hand due to the Jarvis DELL HELL saga. I didn’t know Dell had dropped the ball as far as quality was concerned. A few years ago, I would still be in the dark. The new grapevine is a great thing for consumers.” This is a huge turnaround for him and a great loss for Dell as he was such an ambassador before . He said he feels tricked because he had been such a fan only to have to experience a merry-go-round of buck passing and nobody wanting to help . Thanks for sharing your experiences, Jeff. You speak for many unknown to you.” “ You will either join the conversation on your own now or you’ll be dragged into it later.” Bob Pearson, SVP Dell Computer

Michael Dell personally commits to these customers

Dedicated resources are committed to “responding” & solving problems online

IdeaStorm site is created

Jeff Jarvis visits Dell and posts positive comments

So What’s the ROI?

Motrin Moms http://www.youtube.com/watch?v=XO6SlTUBA38

http://www.youtube.com/watch?v=XO6SlTUBA38

New Car Launch Challenge: The graphic below shows how conversation related to the new car spiked when a video was “leaked” to YouTube. The video received mostly negative sentiment, because it was a teaser that failed to show images of the car. Solution : The car brand adjusted its video release plan. The brand had planned to release the same video the day before the LA Auto Show, but changed their strategy based on the predominantly negative sentiment expressed toward the video. Instead, the brand was able to edit the video and release it after the LA Auto Show. In addition, a photo-seeding campaign leveraged sites and authors identified by TruCast to maintain buzz coming out of the LA Auto Show.

You Have Two Choices … .or procrastinate and then join the conversation later on anyway…. Join the conversation….

Dominos YouTube Crisis http://www.youtube.com/watch?v=7l6AJ49xNSQ

http://www.youtube.com/watch?v=7l6AJ49xNSQ

The Social Web How can I leverage social media for my business?

How can I leverage social media for my business?

TV Provider Social Media Sources

Social Media Sources by Vertical By understanding the mix of channels that drive social media for your brand and vertical, you can design an optimal social media outreach and marketing strategy. Pharmaceutical Brand Automotive Brand Kids Movies

Network Maps reveal critical sites for message propagation.

Generate creative insight from the cloud…

The Social Web How can I measure ROI in Social Media?

How can I measure ROI in Social Media?

So What’s the ROI? Mitigate Risk / Build Relationships / Drive Revenue Lower call center volume w/ one-to-many outreach in social media. Learn from your customers for creative concepts. Drive purchase consideration, registration and sales (Dell sold $3 million from Twitter links). Flickr Gizmodo digg MySpace FaceBook YouTube Topic 1

Mitigate Risk / Build Relationships / Drive Revenue

Lower call center volume w/ one-to-many outreach in social media.

Learn from your customers for creative concepts.

Drive purchase consideration, registration and sales (Dell sold $3 million from Twitter links).

Corporate America Needs Social Media “ does business act responsibly?” percentage of respondents who said “yes” “ Yankelovich, CNN/USA Today, and Gallup

“ does business act responsibly?”

Brands & Bandwagons “ SELLING AND TELLING is defunct; gone forever. With the increase of consumer-generated media … consumers are showing a greater need for making connections with other people and brands” Source: James R. Stengel, Global Marketing Officer for P&G

“ SELLING AND TELLING is defunct; gone forever. With the increase of consumer-generated media … consumers are showing a greater need for making connections with other people and brands”

and if all else fails…