NASCAR Summit

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Keynote address to PR and marketing execs from NASCAR and affiliated partners.

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NASCAR Summit

  1. 1. Changing Relationships with Audiences: Social Media & Two-Way Conversations Prepared for PR group and its partners By: Jason Silverstein / Jan. 23, 2009
  2. 2. Presentation Notes • Many ideas build on others; I have learned from many • Photographs mine unless noted in appendix (Creative Commons) • Presentation to be posted on jasonsilverstein.com and observerinteractive.com
  3. 3. intro: information & trust First, put yourself in your audiences’ shoes. Then act.
  4. 4. Theme: Pace of Change The pace of change in information and supporting technologies today -- across industries and geographies -- is nothing short of an industrial revolution.
  5. 5. Media
  6. 6. Automobiles
  7. 7. Banking
  8. 8. Implications • Pace favors nimble & technical • Customers favor openness • Costs of business / real & imagined • Information increases competition • New biz models must occur
  9. 9. Theme: Online Communities are People Social and online media best practices are built on familiar offline principles of basic human interactions.
  10. 10. Let’s have a thought experiment.
  11. 11. Would you trust this (tired-looking) guy?
  12. 12. Now, let’s change the thought. (Yes, let’s!)
  13. 13. Today’s Speaker: Jason Silverstein • VP, Interactive Media largest news organization in the Carolinas • Seven years at One of internet’s top brands • Formerly at & • Constant knowledge seeker - started businesses and has three degrees • E-mail: jason@jasonsilverstein.com or jsilverstein@observerinteractive.com
  14. 14. What Changed? • Different information & presentation • Known Associations • Context understood • Appears more credible (trust?) • Contact information available
  15. 15. Making Interactions Trustworthy All successful on- or off-line conversations should be: • Authentic • Verifiable • Relevant
  16. 16. what is social media?
  17. 17. “Social media are primarily Internet- and mobile-based tools for sharing and discussing information among human beings...” - Wikipedia
  18. 18. Additional Qualifiers • Can be product or feature • Anonymous vs. Verifiable • General and/or Targeted • Business and/or Consumer • Typically “unicast” vs. “broadcast”
  19. 19. Categories of Social Media Users* • Creators - the publishers • Critics - commenters • Collectors - RSS, taggers • Joiners - network joiners • Spectators - readers/watchers • Inactives - online, not social * Via BusinessWeek, as is graphic on following page: http://www.businessweek.com/ magazine/content/07_24/b4038405.htm
  20. 20. Different Interests in the Same Place
  21. 21. What is successful social media?
  22. 22. Success for Today’s Discussion • Each person/company must define success • Influence (one measure) • Can you shape the thinking of your customers / fans / audience? • Engagement (one measure) • Can you be a “real” person? (accountability) • Are you increasing customer interaction(s)? Sales? Etc.?
  23. 23. Success for the big players * • 100M videos/day on YouTube (!) • 346M people reading blogs/day • 3M “tweets”/day • 150M users total on Facebook • 63% twitter users are male * Source: http://thefuturebuzz.com/2009/01/12/social-media-web-20-internet-numbers-s
  24. 24. A Note of Caution (!) • None of the big sites are profitable • Gathering audience • YouTube bandwidth/day - estimated $1,000,000 • Twitter just hired its first product manager • flickr a loss leader for Yahoo!
  25. 25. changing media landscape What are media companies to do? Listen to your audience!
  26. 26. New Audience, New Attitudes “If the news is that important, it will find me.” “Finding Political News Online, the Young Pass It On” - New York Times. (Emphasis above on “find me” is mine.)
  27. 27. Newspapers
  28. 28. RSS / Mobile / Niche
  29. 29. Radio (Programmed)
  30. 30. TV News
  31. 31. Trusted Brands • “Short” window of opportunity - TBD time • Still needed (remember “verification”?) • Brand affinity not what it used to be; accelerating with web / “pace of change” • Some making great investments; other struggling with culture
  32. 32. media in another definition
  33. 33. Changing Web is Changing Entertainment • Phases of Engagement • Walled Garden (CompuServe) • Portal • Search • Community • Economies of Scale / Distribution
  34. 34. TV Shows
  35. 35. Path of TV • Broadcast Networks • Cable, then Satellites • VCRs, then DVDs • VOD • DVR • Internet TV
  36. 36. Books
  37. 37. Movies
  38. 38. Music
  39. 39. Forget What You Know About Media • Broadcasting is moving toward live events quickly • HD/digital changes TV • If it’s able to be digitized, it will be • Time shifting • Two-way is the new “normal” • Net changes all paths (next slide)
  40. 40. power of social media
  41. 41. #motrinmoms
  42. 42. The Aftermath • Immediate and swift reaction • Demands from users • Commercial removed • Main website taken down • Apology • Lesson learned about online responses
  43. 43. FedEx/Memphis & Ketchum • PR rep on way to FedEx visit • Updates Twitter with Memphis remark • FedEx finds, takes offense to update • Irony: PR rep to discuss social media • Lessons: 1) It’s easy to listen/be heard & 2) Professional / Personal
  44. 44. AdAge’s Marketer of the Year iPhone screenshot courtesy http://dogearnation.com/
  45. 45. LASIK • Our dev manager updated status • Included LASIK • Replies back from unconnected people • Lesson: Mine data for your use, add value
  46. 46. getting started
  47. 47. Internally • Identify who and what • How will you use your brand? • Separate personal from professional where possible (execs can not) • Be ready to see the bad, the worse, and the ugly • Be cool
  48. 48. listen to your audience
  49. 49. Externally • Don’t react (aka “Be Cool,” again) • Pace is the trick • Find your friends, connect • Super friends take up for you • “You can’t win them all.”
  50. 50. managing info overload
  51. 51. Finding Tools Right for You • Google Reader • Technorati • Twitter searches • Social bookmarking sites • more...
  52. 52. in conclusion
  53. 53. • Pace of Change • Social media = offline mirror • Audiences choose convenience over quality most of the time • Media world dictated by users • Step out there!
  54. 54. additional info
  55. 55. Pace of Change influences These books and online research have influenced my thinking.
  56. 56. Social media influence These books and online research have influenced my thinking.
  57. 57. Credits • Image with Wikipedia definition - kara by john curley - http://flickr.com/photos/jay_que/ 2501197232/ • Image for “Automobiles” - IMG_7055 by i_am_lee_sam - http://flickr.com/photos/leesam/ 3207747285/ • Book covers from Amazon.com. • All other images (c) Jason Silverstein. • Other sources cited throughout.

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