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How to Become a Social Business
 

How to Become a Social Business

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Many companies are struggling with how to integrate social into the marketing mix. But the real question is how to become a social business. The fact is, most marketing sucks. And only truly helpful ...

Many companies are struggling with how to integrate social into the marketing mix. But the real question is how to become a social business. The fact is, most marketing sucks. And only truly helpful content and active customer engagement can lead businesses to succeed in today's hyper-connected, real-time, social and mobile business environment.

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How to Become a Social Business How to Become a Social Business Presentation Transcript

  • How To Integrate Social Media Into TheMarketing Mix How To Become A Social Business?Michael BrennerSr. Director, Integrated MarketingNovember 2011@BrennerMichael
  • About SAPWe Help Organizations Do What They Do...Better© 2011 SAP AG. All rights reserved. Confidential 2
  • SAP MissionMake every customer a Best Run Business 109,000 customers 120 countries 55,000 employees $17 Billion revenue© 2011 SAP AG. All rights reserved. Confidential 3
  • What is Marketing? “The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself… … The aim of marketing is to make selling superfluous.” ~ Peter F. Drucker “Marketing is too important to be left to the marketing department.” ~ David Packard© 2011 SAP AG. All rights reserved. Confidential 4
  • Marketing is Hard! Your Marketing Sucks • Consumers are bombarded with over 2,000 marketing messages per day • More than 200 Million Americans have joined the U.S. “Do Not Call” list • 86% of people skip television ads • 44% of direct mail is never opened • 99.9% of banner ads do not receive clicks • 90% of emails are never opened and 99.5% don’t produce even a single click. • Buyers wait until they have completed 60% to 80% of their research before reaching out to vendors.© 2011 SAP AG. All rights reserved. Confidential 5
  • Age 3© 2011 SAP AG. All rights reserved. Confidential 6
  • Age 21© 2011 SAP AG. All rights reserved. Confidential 7
  • Today we are all connected© 2011 SAP AG. All rights reserved. Confidential 8
  • Everything is Online Business is Personal“Buyers don’t want to be an object of a sale . . .. . . but rather the subject of an experience. “ ~Paul Greenberg © 2011 SAP AG. All rights reserved. Confidential 9
  • YOU Are the Future of Marketing Forrester CMO Mandate: Adapt or Perish: “Three out of four CMOs plan to revamp their organizations for the digital age by the end of 2011. The reason? Their initial efforts to create digital departments and outsource digital capabilities have left their organization in a state of disarray. . . To truly transform the marketing department into a more agile and innovative organization, CMOs must adopt these habits: 1) Accept change 2) Dare the status quo 3) Act continuously 4) Participate personally 5) Tear down boundaries Leaders of Adaptive Marketing organizations will grow their business faster, build stronger brands, and create a competitive advantage in both the short term and the long term.”© 2011 SAP AG. All rights reserved. Confidential 10
  • Business Has Become More PersonalOr Maybe Not So Socially Savvy? Connor Riley ”Cisco just offered me a job. Now I have to weigh the utility of a fatty paycheck against the daily commute to San Jose and hating the work” © 2011 SAP AG. All rights reserved. Confidential 11
  • “Social Networks have existed for as long as we have.” ~ Paul Adams, Google: The Real Life Social Network
  • ~ Paul Adams, Google: The Real Life Social Network
  • “Social networking is a means to an end. You need tounderstand what the end is.” ~ Paul Adams, Google: The Real Life Social Network
  • The Scream explained by Paul Wineguy
  • The Power of Social Media: They Find You 57% of businesses have acquired acustomer through their blog 41% of B2B companies haveacquired a customer throughFacebook Company websites with a blog get55% more visitors Inbound marketing leads cost 62%less than outbound Center for Marketing Research at the University of Massachusetts © 2011 SAP AG. All rights reserved. Confidential 16
  • The Goal: Sales. Experience. Equity.“ What are the best CRM products “ Check out OnDemand solutions” for a law firm?”“Web visitors from social sites convert at 59% higherrates to sales” ~ MarketingSherpa Search Marketing Benchmark Survey© 2011 SAP AG. All rights reserved. Confidential 17
  • Most Marketers Are (Still) Behind “A powerful global conversation has begun. Through the Internet,people are discovering and inventing new ways to share relevantknowledge with blinding speed. As a direct result, markets are gettingsmarter—and getting smarter faster than most companies…Markets areConversations” ~ Levine, Locke, Searls and Weinberger in The Cluetrain Manifesto Center for Marketing Research at the University of Massachusetts © 2011 SAP AG. All rights reserved. Confidential 18
  • Social Media As A Platform For Change“Conventional marketing wisdom long held that a dissatisfiedcustomer tells ten people. But…in the new age of social media,he or she has the tools to tell ten million.”~ Paul Gillin, author of The New Influencers © 2011 SAP AG. All rights reserved. Confidential 19
  • Social Networking Changing The Dynamics Of Business SALES Social isn’t just a new way of Social COMMS Social Selling HR Marketing… Social Public Recruiting Relations It’s a new way of CHANNEL BUYING Doing Business Social Social Ecosystem Procurement It’s a new way of MKTG Social COO Social Customer Working Marketing ServiceWe need to stop interrupting what people are interested in andbe what people are interested in. ~ Craig Davis, former CCO J Walter Thompson © 2011 SAP AG. All rights reserved. Confidential 20
  • What is a Social Business? (IBM)“As the world becomes more instrumented, interconnected and intelligent and thepopulation continues to embrace social computing, today’s enterprises face thedawn of a new era – the era of the Social Business.Just as the Internet changed the marketplace forever, the integration of socialcomputing into enterprise design represents another enormous shift in thelandscape.Organizations that successfully transform into a Social Business can potentiallyreap great benefits – among them the ability to deepen customer relationships,drive operational efficiencies and optimize the workforce.” Digital Engaged Deeper Customer Relationships Social Transparent Operational Efficiencies Mobile Nimble Optimized Workforce© 2011 SAP AG. All rights reserved. Confidential 21
  • Proof of a Social Business? Trend: Inbound Marketing Comes of Age SiriusPerspective: The reality is that prospects find you when they’re ready; effective digital and inbound marketing makes you easier to find. Primary Lead Source Analysis 100% 90% 80% 70% 55% 58% 71% 60% Web 50% Direct Mail 40% Email 19% Events 30% 21% 20% 11% 14% 9% 10% 6% 15% 12% 9% 0% 2009 2010 2015© 2011 SAP AG. All rights reserved. Confidential 22
  • Social Media Marketing What It Isn’t & What It IsThink more Social…… less Media …or Marketing © 2011 SAP AG. All rights reserved. Confidential 23
  • It‟s not about the technologies…It‟s about the relationships It’s Not About The Technology (or stock photo images)… It’s About the Relationships © 2011 SAP AG. All rights reserved. Confidential 24
  • 8 Steps To Play The Social Game1. Define Goals / Metrics2. Find Your Buyers3. Define Influences (-ers)4. Map The Org. Model5. Set up Your Channels6. Content Strategy7. Customer Engagement Model8. Employee Enablement / Encouragement Plan “Throw Away The Rulebook” ~ Dana Anderson, SVP Marcom Kraft © 2011 SAP AG. All rights reserved. Confidential 25
  • If “Markets are Conversations”… then “Content is King!” Chart used with permission. For a copy, go to: http://socialbmr11.marketingsherpa.com/© 2011 SAP AG. All rights reserved. Confidential 26
  • Social Disasters Sept „04: June „05: Aug „05: Apr 06: Feb „07: Apr „08: Apr „09: July „09: June ‟10:Kryptonite L‟Oreal Dell Chevy Taco Bell Dove Domino‟s United BP© 2011 SAP AG. All rights reserved. Confidential 27
  • Social Media Triage Take reasonable action to fix issue and let customer know action taken Positive Negative Yes Yes No Assess the Does customer Do you want Evaluate the need/deserve more to respond? message purpose info? No Yes Unhappy Yes Are the facts No Gently correct the Response Customer? correct? facts No Yes Can you add No Dedicated Yes Are the facts No value? Complainer? correct? No Yes Is the Explain what is being Respond in Thank the Comedian Yes problem done to correct the kind & share person Want-to-Be? being fixed? issue. No YesThis framework was built using the USAF Blog Triage. Let post stand and monitor. © 2011 SAP AG. All rights reserved. Confidential 28
  • 5 Steps to Executive Buy-in1. Show Them The World Has Changed2. Show Them The Money3. Answer The Hard Questions4. Present a Strategy5. Get Them Involved © 2011 SAP AG. All rights reserved. Confidential 29
  • 8 (Random) Closing ThoughtsWe live in a mobile-enabled, socially connected, real-time world. Where we allhave entrusted our friends, photos, music and resumes to the cloud.Businesses cannot respond fast enough. The goal of the digital marketer is todrive employee-enabled real-time social business.Audience-first in everything!Provide policy but not too much governanceDisclosure and crisis response is importantReward positive behavior publiclyPromote the expression of your diversityBe Human and encourage real story telling© 2011 SAP AG. All rights reserved. Confidential 30
  • Thank You!More charts in the appendix… Email: michael.brenner@sap.com Marketing Blog: B2BMarketingInsider.com Social News Site: Business2Community.com Twitter: @brennermichael © 2011 SAP AG. All rights reserved. Confidential 31
  • SAP Social Media Guidelines for Employees Identify yourself Be Honest Be Respectful Separate Opinions from Facts Add Value Be Engaged and Be Informed Aim for Quality, not Quantity Dont Pick Fights Protect Your Privacy How to Handle Media Inquiries Legal Considerations Social Computing and Your Primary Role© 2011 SAP AG. All rights reserved. Confidential 32
  • Technology AdoptionMobile is HOT!© 2011 SAP AG. All rights reserved. Confidential 33
  • Everybody‟s on Facebook!And Google … and YouTube … Which one is right for your audience?© 2011 SAP AG. All rights reserved. Confidential 34
  • Email Isn‟t Dead!Tied with Search for most popular online activity© 2011 SAP AG. All rights reserved. Confidential 35
  • Email Isn‟t Dead!#1 Method for sharing online contentWhile many have hailed the death of email marketing, email remains one ofthe most effective marketing techniques primarily because it is still theprimary way people share information.© 2011 SAP AG. All rights reserved. Confidential 36
  • YouTube:The 2nd Largest Search Engine© 2011 SAP AG. All rights reserved. Confidential 37
  • “If you have more money than brains you should focuson outbound marketing. If you have more brains than money, you shouldfocus on inbound marketing.”~ Guy Kawasaki, author of Engage and Founder of Alltop“The aim of marketing is to know and understand the customer so well theproduct or service fits him and sells itself… The aim of marketing is to makeselling superfluous.”~ Peter Drucker© 2011 SAP AG. All rights reserved. Confidential 38