SocialTalk – Follow, Engage, Initiate [email_address] 012-3466422 Social media and how to manage public expectations The good, the bad and the ugly about social media - what are social media - why should corporates care - the latest trends: Ad-tech San Francisco 2010/2011 review
Wadim Schreiner MD of Media Tenor SA Not a Social Media marketer Traditional/conservative media user Twitter (@newsmaniac) iPad iPhone My quest into Social Media
What are social media ‘ The more in control we are, the more out of touch we become. But the more willing we are to let go a little, the more we’re finding we get in touch with consumers’. AG Lafley, CEO Procter & Gamble
Social Media: Online media like blogs , podcasts , videos , and news with a strong participatory element through comments, ratings, or other mechanisms. Social media is generated by the people and for the people with content created by anyone with a voice
Social Networking: Connecting with a community of people in your network through services like Facebook and Twitter with various methods of online interaction .
5% of Twitter users are responsible for 75% of all tweets.
0.29% of users follow more than 2,000 people
60% of facebook users access their website once a month
What is the biggest difference between traditional media and social media? Traditional media push in a semi-controlled way selected information to the audience, without a way of testing the effect Social media are a dialogue, a conversation between people, usually uncontrolled, with a very easy, and immediate way to test the reaction of a very specific audience
social media landscape Private: 1:1 Public: 1:many real time static Instant Messaging emails Streams social networks
Why are social media often feared? Traditional media environment can be controlled. Information can be channelled, ‘right’ coverage bought and ‘mistakes fixed’. Social media require that the control about the information, and essentially about the reputation are handed over to an audience that cannot be ‘controlled’ with traditional means.
Traditional media are still major influencers, particularly in terms of share price, analyst perceptions and shareholder sentiment But people talk. A lot. And share information. And word of mouth is more worth than traditional media. People trust influencers.
Are social media the right thing for you? It is, if you…
social media will overtake marketing: CEO; Denuo note the mommy bloggers my “take-home” points Superior products and services are more important than any marketing efforts Address detractors work with partners not suppliers leverage technology to determine what your consumers want be more comfortable to “ let go ” / loose control to digital natives, there’s no new media, just media
The latest trends Ad-Tech San Francisco April 2011
Group buying Source: Japie Swanepoel, Interactive Concepts
commerce local social mobile Source: Japie Swanepoel, Interactive Concepts
Social gaming Source: Japie Swanepoel, Interactive Concepts
Most common social media myths Social Media is about selling More is better Nothing beats viral marketing The social media expert Social media takes care of customer relations Social media = what people think
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