Your SlideShare is downloading. ×
0
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
The Greatest Question Since the Meaning of Life: What is the ROI of Social Media
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

The Greatest Question Since the Meaning of Life: What is the ROI of Social Media

13,083

Published on

Prior to the Web, companies controlled the engagement with their prospects and customers through information. With the advent of the Social Web and introduction of social media, we are no longer in …

Prior to the Web, companies controlled the engagement with their prospects and customers through information. With the advent of the Social Web and introduction of social media, we are no longer in control of the selling process or influencing the buyer. The people are in control. Today, companies must recognize the paradigm shift in the public relations and marketing landscape as Web 2.0 has fundamentally changed the way we connect, communicate and influence our customers, partners, press, analysts, and other industry influencers. In this presentation titled: The Greatest Question Since the Meaning of Life – What is ROI of Social Media?, C. Edward Brice, SVP of Worldwide Marketing for Lumension, will provide real world insight into the following:
• The evolving marketing and PR landscape
• Why marketing MUST use social media
• Lumension’s story
• Key learnings
• Dos and Don’ts

Published in: Technology, Business
2 Comments
118 Likes
Statistics
Notes
No Downloads
Views
Total Views
13,083
On Slideshare
0
From Embeds
0
Number of Embeds
28
Actions
Shares
0
Downloads
1,075
Comments
2
Likes
118
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide
  • When we start looking at value creation versus just hard ROI we can begin to see a different context and in my view relationship start to emerge
  • When we start looking at value creation versus just hard ROI we can begin to see a different context and in my view relationship start to emerge
  • When we start looking at value creation versus just hard ROI we can begin to see a different context and in my view relationship start to emerge
  • Transcript

    • 1. The Greatest Question Since the Meaning of Life: What is the ROI of Social Media?<br />
    • 2. Name: C. Edward Brice<br />Age: Over 40<br />Use Social Media: Yes<br />
    • 3. I am NOT a<br /> Social Media Expert<br />
    • 4. Social Media<br />
    • 5.
    • 6. Or Has Social Media Jumped the Shark?<br />Ashton Kutcher posts shot of Demi on Twitter<br />
    • 7. What is Social Media?<br />
    • 8. “Social media is like teen sex. Everyone wants to do it. Nobody knows how. When it’s finally done there is a surprise that it’s not better.” <br /> - AvonashKaushik – Analytics Evangelist, Google<br />
    • 9. Social Media<br />
    • 10. Social Media is as Old as The Hills<br />George The Medieval Blacksmith<br />
    • 11. FRICTION<br />
    • 12. Internet<br />FRICTIONLESS<br />
    • 13. Social Media is Frictionless Conversation in a Connected Environment <br />
    • 14. Conversation Desired Traits:<br />Honesty<br />Openness<br />Engaging<br />Interesting<br />Relevant<br />Listening<br />
    • 15. Why Marketers MUSTUtilize Social Media<br />
    • 16. The traditional marketing model is being challenged, and (CMOs) can foresee a day when it will no longer work.-McKinsey Quarterly<br />FUTURELAB<br />
    • 17. Future of Media: Digital & Universally Accessible<br />Global<br />Mobile<br />TV / Offline<br />The Cloud<br />Anytime - Any Place - Any Tools- Millions of Channels<br />FUTURELAB<br />
    • 18. 14,463,346 auctions<br />200,000,000 blogs<br />www.ebay.com 21 Nov 2006<br />Almost 4,000,000 articles<br />(10 languages)<br />&gt;100,000,000 videos<br />(65,000/day)<br />1.5 million residents<br />“The workers should appropriate the means of production”<br />33,347,000 profiles<br />FUTURELAB<br />
    • 19. (cc) Lynette Webb, 2006<br />FUTURELAB<br />
    • 20. Monitoring & Measuring Social Media-Agent Wildfire 2009<br />
    • 21. 76%<br />...of consumers don’t believe that companies tell the truth in advertisements -Yankelowich<br />FUTURELAB<br />
    • 22. MY FRIENDS – THEIR FRIENDS – and ALL THOSE WE COLLECTIVELY RESPECT<br />THERE IS STILL ONE TRUSTED MEDIUM<br />LEFT IN THE WORLD<br />FUTURELAB<br />
    • 23. B2B Purchase Influences<br />Source Enquiro Inc 2008<br />
    • 24. Harvard Business Review<br />When forming an opinion of a company, how credible would the information be from …<br /><ul><li>7% increase in word of mouth unlocks 1% additional company growth
    • 25. 2% reduction in negative word of mouth boosts sales growth by 1%
    • 26. For the average company,1% increase in word of mouth advocacy equated to $16M extra sales </li></ul>A person like yourself or a peer<br />
    • 27. RADIO, TV, PRINT, EVENTS, ARE NICE, YET IN MY REALITY<br />MY ECOSYSTEM IS THE BRAND<br />The words they write, speak, film<br />The Stories They Tell<br />Consumersare beginning in a very real sense to ownour brands and participate in theircreation… Weneed to begin to learn to let go.<br />- A.G. Lafley, CEO and Chairman of P&G<br />FUTURELAB<br />
    • 28. “Businesses that don&apos;t implement Web 2.0 tools will stay behind” <br />DarkoHerlick, Gartner VP and CIO<br />
    • 29. “There is only one thing in the world worse than being talked about, and that is not being talked about.”..Oscar Wilde<br />
    • 30. ROI of Social Media<br />
    • 31. THE BIG<br />BANG<br />Social <br />Media<br />Traditional<br />ROI<br />
    • 32. “What do you want to measure – <br />the “social” or the “media”? <br />- David Alston of Radian6 <br />
    • 33. Media<br />Social<br /> Objectives:<br /><ul><li>Reach
    • 34. Awareness
    • 35. Coverage
    • 36. Continuity</li></ul> Measures:<br /><ul><li> # of visitors
    • 37. # of page views
    • 38. Time on site
    • 39. Conversions
    • 40. Leads/Subscriptions/Sponsorships</li></ul>Objectives:<br /><ul><li>Loyalty
    • 41. Advocacy
    • 42. Trust
    • 43. Influence
    • 44. Engagement</li></ul>Measures:<br /><ul><li> Sentiment
    • 45. Comments
    • 46. Feedback
    • 47. Mentions
    • 48. Readership</li></ul>Business Value<br />Increase In Revenue<br />Decrease In Costs<br />
    • 49. Monitoring & Measuring Social Media-Agent Wildfire 2009<br />
    • 50. Warning, Warning.<br />Sales & Leads are Nice<br /> But They Are NOT The Objectives<br />
    • 51. Social Media is Conversational<br />Conversations are NOT About ROI<br />
    • 52. Conversations are About VALUE<br />
    • 53. Ed’s Social Media Value Goals<br />Awareness<br />Engagement<br />Listening<br />Innovation<br />Brand<br />SEO<br />Thought Leadership<br />Advocacy<br />Influence<br />Evangelism<br />Sentiment<br />Service<br />Insight<br />Ideation<br />Feedback<br />Collaboration<br />
    • 54. Ed’s Social Media Value Goals<br />Innovation<br />Listening<br />Value Created<br />Engagement<br />Awareness<br />Time<br />
    • 55. Ed’s Social Media Value Goals<br />Awareness<br />Engagement<br />Listening<br />Innovation<br />Brand<br />SEO<br />Thought Leadership<br />Advocacy<br />Influence<br />Evangelism<br />Sentiment<br />Service<br />Insight<br />Ideation<br />Feedback<br />Collaboration<br />Evangelism<br />Success KPIs<br />Page views Replies Suggestions <br />Comments Inbound Links Complaints<br />Friends Press mentions Traffic<br />Followers Referrals Embedded content<br />Registrations Posts Syndication<br />
    • 56. Awareness<br />2009 Social Media ROI-Egg Co.<br />
    • 57. Engagement<br />Goals: <br /><ul><li> Share information about company & products
    • 58. Start a dialogue between </li></ul> company and customers <br />KPI : <br /><ul><li> # of customer comments</li></ul>Results:<br /><ul><li> 100 people commenting on </li></ul> the blog each month<br /><ul><li> Equivalent to gaining </li></ul> customer insight from a focus<br /> group<br />Forrester 2009<br />Value: Equivalent to running a focus group every month at the cost of $15,000 a month, or $180,000 a year.<br />
    • 59. Innovation<br />2009 Social Media ROI-Egg Co.<br />
    • 60. Our Story<br />
    • 61. Lumension’s History<br />Acquired: July ‘07<br />Acquired: Feb ‘07<br />Acquired: April ‘09<br />Founded in 1991<br />Established: Sept ‘07<br />Market-leading patch management<br />First cross-platform and application patch management solution<br />Enterprise-class vulnerability management<br />First credentialed based vulnerability scanner<br />Market-leading device and application control<br />First to introduce whitelisting / patented file “shadowing” technology<br />Compliance and Risk Management.<br />Delivering predefined compliance and control frameworks<br />
    • 62.
    • 63. Twitter<br />YouTube<br />Community<br />iTunes<br />Blog<br />Facebook<br />
    • 64. Our Social Value Matrix<br />
    • 65. Lumension’s Optimal Security Blog<br />Objectives: <br /><ul><li>Improve SEO
    • 66. Garner more press coverage
    • 67. Drive thought leadership
    • 68. Launched Q4 ‘08</li></li></ul><li>Direct Blog Impact on Press<br />
    • 69. Lumension YouTube Channel<br />Objectives: <br /><ul><li>Increase awareness
    • 70. Improve SEO
    • 71. Drive thought leadership
    • 72. Syndicate our rich media
    • 73. Position thought leaders</li></li></ul><li>Lumension YouTube Channel<br /><ul><li>Launched June 2008
    • 74. Video Views - 16,132
    • 75. Branded Channel Views - 5,840
    • 76. Subscribers - 46
    • 77. Favorites Lists - 8
    • 78. Syndicated – over 60</li></li></ul><li>
    • 79. Lumension Connect Customer Community<br />Objectives: <br /><ul><li>Garner more insight from customers
    • 80. Connect
    • 81. Collaborate
    • 82. Share best practices
    • 83. Co-innovate</li></li></ul><li>Community<br /><ul><li>Launched July 30th (select invitations)
    • 84. Visitor Commitment</li></ul>8.57 pages avg. per visit<br />11.24% of visitors viewed more than 20 pages<br />8:50 avg. time on site<br />24.5% bounce rate<br />~8 visits per day<br />Content Garden<br />
    • 85. Launched:Q3 08<br />Following: 1100<br />Followers:803<br />
    • 86. Twitter Reach<br />Total Impression opportunity: 2250M<br />Value/impression:$.10<br />Value:$225,000<br />Cost to Lumension: $0<br />
    • 87. Listening: The Good<br />
    • 88. Integrated Syndicated Approach<br />PR Web<br />Blog<br />Agency<br />Hot Topics<br />Twitter<br />
    • 89. Key Lessons Learned<br />
    • 90. Decide if You Want To Have a Conversation<br />
    • 91. Understand Your Personas<br />LISA <br />AUDIT MANAGER<br />BIG REGULATED, INC.<br />JACK <br />DIR/MNGR INFO SEC<br />Big REGULATED, INC.<br />CHUCK<br />CISO/VP INFO SEC<br />BIG REGULATED, INC.<br />Reads industry blogs<br />Member of online professional community<br />Socially Facebooks<br />Active Blogger<br />Active Twitterer<br />Member of online professional community Engaged in online forums<br />Socially Facebooks<br />Reads industry publications & business press<br />Attends industry events<br />Facebooks to keep in touch with Grandchildren<br />
    • 92. Content is King<br />
    • 93. Think Like a Publisher<br />
    • 94. Don’t Forget about Your Website<br />
    • 95. Social Media Doesn’t Scale…<br />It’s a Commitment<br />
    • 96. Thank You<br />Blog: marketinggimbal.com <br />Follow: http://twitter.com/cedwardbrice<br />Connect: linkedin.com/in/cedwardbrice<br />Bookmark: delicious.com/cedwardbrice<br />Friends: facebook.com/cedwardbrice<br />

    ×