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SOCIAL MEDIA STRATEGY
AND FACEBOOK
    Jussi Wacklin
    Managing Director
    Own. Bought. Earned. Ltd.
Social Media Trends
Click to edit Master title style


              Social Network
              usage has exploded.
              Now one out of six
              person in the world is
              involved with social
              networks




                                 www.ownboughtearned.com
  Source Search Engine Journal
Companies Master title style
Click to edit Using Social Media



      This means
      that more
      brands are
      populating
      this space




                                www.ownboughtearned.com
 Source Search Engine Journal
B2B to edit Master title style
ClickMarketing Investment



  While B2B
  marketing is still
  led by traditional
  tactics, like
  events, the digital
  is increasing its
  proportion
  continuously

                        www.ownboughtearned.com
 Source Google
Starting Point
Click to edit Master title style




  If you use social media to broadcast your
  marketing propaganda, the likelihood of your
  success is from slim to none.
My Social Media Strategy Journey
Click to edit Master title style

    • 2006, we define a digital framework (O-B-
      E)
    • November 2007, Facebook introduces
      Pages…
    • Soon after, our FB presence is
      established…
    • Global is leading the roll-out initially…
    • Our social presences spin out of control…
    • Social Media Guidelines are born…
    • Digital resourcing takes place…
    • Objectives and metrics kick in…
    • Social engagement becomes a routine…
Managing Online Presences
Click to edit Master title style
                         General Global Brand dilemma
                         • Hundreds of markets
                         • 80 + languages
                         • Hundreds of products
                         • Thousands of workers

                         How to be locally relevant
                         while maintaining brand unity,
                         centralized asset production
                         with cost effective tools and
                         processes?

                         Without many exceptions,
                         most global brands have 100+
                         social presences, where more
                         than half are poorly managed.
                         Moreover, consumer created
                         presences add another layer of
                         complexity
Brands edit Master title style
Click to Overrate Acquisition

                   Brands love Fans because of
                   • Sign of popularity
                   • Source of insight
                   • Allows improved engagement
                   • Can provide increased revenues
                   • Can drive loyalty
                   • Nurture advocacy

                   Earned Media Value
                   • (Fans*posts) * CPM
                         1000
                   • 1M fans * daily post = 30 M impressions
                   • 30M / 1000 *5€ CPM = 150,000 €
                   • 150,000€ * 12 months = 1,8M €
                   • 1,8M / 1M fans = 1,8€
                   • Right? Not Quite.
Facebook Engagement style
Click to edit Master title Tactics


                           Tactics
                           • Posts
                           • Competitions
                           • Polling
                           • Freebies
                           • Games
                           • Photos and Videos
                           • Exclusive offers
                           • Online Stores
                           • Customer Support
                           • CRM sign-ups
                           • Social graph profiling
                           • Links to Corporate Blogs
                           • Events
Customer Care & Retention
Click to edit Master title style

                         Social Customer Services
                         • Improve reach
                         • Forums to share expertise
                         • Link to downloads
                         • Find contact details
                         • Appointment booking
                           services

                         Challenges
                         • How to deal issues in
                           public
                         • Organizational silos
                         • Care resources and
                           competencies
                         • Customer case progress
                           monitoring
                         • Duplication of content
Why to edit “like” brands
Click people Master title style




 Source: Exact Target/CoTweet September 2010
Resourcing Master title
Click to edit the efforts style

  • Global presences need
    roughly 1 full-time employee
  • Local rarely has the
    manpower to operate earned
    media sites so they
    outsource the people
  • The whole social media
    investment is becoming
    significant while it’s still a
    fraction from the bought
    media budgets
  • Serious effort needed to
    value different digital media
    to optimize the investment
  • Shift expected from bought
    media more towards own
    and earned media
Click to edit Master title style




  Considerations
Facebook Posts
Click to edit Master title style

  • Majority of post responses
    (often more than 80%) take
    place within 3 hours of
    posting
      WHAT you post is the most
       important factor
      WHEN you post seems to
       impact the engagement
  • The more often you post,
    the wider reach
      But Unlikes increase too (up
       to 50% when posting 2 times
       daily compared to 1 time
       only)
      Some new evidence shows
       that hide post may reduce the
Look beyond Facebook
Click to edit Master title style

                  • Social networks
                     Orkut, Qzone, StumbleUpon
                  • Video sharing
                     Youtube, Metacafe, Vimeo
                  • Photos
                     Flickr
                  • Documents
                     Slideshare
                  • Professional networks
                     LinkedIn
                  • Blogs
                     Technorati, Wordpress
Integrate Social Media style
Click to edit Master titlepresences

   1. Discover an       2. State your own       3. Post Facebook,
                                                Twitter, LinkedIn      4. Link Youtube
   interesting and      view point on it                               videos, also from
   trending topic       using your blog:        updates with
                                                strong headline,       your partner sites if
   relevant to your     pics, video,                                   they are available
   brand                commentary              ask a question or
                                                feedback, then
                                                follow up


  5. Follow similar discussion
                                 6. Make social                 7. Let your social stories
  threads, participate,
                                 presences/accounts as          travel: widgets, Badges,
  comment, re-tweet other
                                 visible as your website        Feeds, Share buttons
  people’s stories. Give
                                 URL, including ATL and
  network support, do not
                                 Retail
  just self-promote
Conclusion
Click to edit Master title style

   • Set clear objectives and analyze results
   • Resource and train your social media correctly
   • Keep testing, learning and improving your
     tactics
   • Remember to listen , not just post
   • Never get too self-centered
   • Give love to get love
   • Integrate social with the rest of digital
   • Integrate digital with the rest of marketing
   • Stop replacing time with money
Click to edit Master title style




INFO@OWNBOUGHTEARNED.
COM




               www.ownboughtearned.com

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Social Media Strategy & Facebook

  • 1. Click to edit Master title style SOCIAL MEDIA STRATEGY AND FACEBOOK Jussi Wacklin Managing Director Own. Bought. Earned. Ltd.
  • 2. Social Media Trends Click to edit Master title style Social Network usage has exploded. Now one out of six person in the world is involved with social networks www.ownboughtearned.com Source Search Engine Journal
  • 3. Companies Master title style Click to edit Using Social Media This means that more brands are populating this space www.ownboughtearned.com Source Search Engine Journal
  • 4. B2B to edit Master title style ClickMarketing Investment While B2B marketing is still led by traditional tactics, like events, the digital is increasing its proportion continuously www.ownboughtearned.com Source Google
  • 5. Starting Point Click to edit Master title style If you use social media to broadcast your marketing propaganda, the likelihood of your success is from slim to none.
  • 6. My Social Media Strategy Journey Click to edit Master title style • 2006, we define a digital framework (O-B- E) • November 2007, Facebook introduces Pages… • Soon after, our FB presence is established… • Global is leading the roll-out initially… • Our social presences spin out of control… • Social Media Guidelines are born… • Digital resourcing takes place… • Objectives and metrics kick in… • Social engagement becomes a routine…
  • 7. Managing Online Presences Click to edit Master title style General Global Brand dilemma • Hundreds of markets • 80 + languages • Hundreds of products • Thousands of workers How to be locally relevant while maintaining brand unity, centralized asset production with cost effective tools and processes? Without many exceptions, most global brands have 100+ social presences, where more than half are poorly managed. Moreover, consumer created presences add another layer of complexity
  • 8. Brands edit Master title style Click to Overrate Acquisition Brands love Fans because of • Sign of popularity • Source of insight • Allows improved engagement • Can provide increased revenues • Can drive loyalty • Nurture advocacy Earned Media Value • (Fans*posts) * CPM 1000 • 1M fans * daily post = 30 M impressions • 30M / 1000 *5€ CPM = 150,000 € • 150,000€ * 12 months = 1,8M € • 1,8M / 1M fans = 1,8€ • Right? Not Quite.
  • 9. Facebook Engagement style Click to edit Master title Tactics Tactics • Posts • Competitions • Polling • Freebies • Games • Photos and Videos • Exclusive offers • Online Stores • Customer Support • CRM sign-ups • Social graph profiling • Links to Corporate Blogs • Events
  • 10. Customer Care & Retention Click to edit Master title style Social Customer Services • Improve reach • Forums to share expertise • Link to downloads • Find contact details • Appointment booking services Challenges • How to deal issues in public • Organizational silos • Care resources and competencies • Customer case progress monitoring • Duplication of content
  • 11. Why to edit “like” brands Click people Master title style Source: Exact Target/CoTweet September 2010
  • 12. Resourcing Master title Click to edit the efforts style • Global presences need roughly 1 full-time employee • Local rarely has the manpower to operate earned media sites so they outsource the people • The whole social media investment is becoming significant while it’s still a fraction from the bought media budgets • Serious effort needed to value different digital media to optimize the investment • Shift expected from bought media more towards own and earned media
  • 13. Click to edit Master title style Considerations
  • 14. Facebook Posts Click to edit Master title style • Majority of post responses (often more than 80%) take place within 3 hours of posting  WHAT you post is the most important factor  WHEN you post seems to impact the engagement • The more often you post, the wider reach  But Unlikes increase too (up to 50% when posting 2 times daily compared to 1 time only)  Some new evidence shows that hide post may reduce the
  • 15. Look beyond Facebook Click to edit Master title style • Social networks  Orkut, Qzone, StumbleUpon • Video sharing  Youtube, Metacafe, Vimeo • Photos  Flickr • Documents  Slideshare • Professional networks  LinkedIn • Blogs  Technorati, Wordpress
  • 16. Integrate Social Media style Click to edit Master titlepresences 1. Discover an 2. State your own 3. Post Facebook, Twitter, LinkedIn 4. Link Youtube interesting and view point on it videos, also from trending topic using your blog: updates with strong headline, your partner sites if relevant to your pics, video, they are available brand commentary ask a question or feedback, then follow up 5. Follow similar discussion 6. Make social 7. Let your social stories threads, participate, presences/accounts as travel: widgets, Badges, comment, re-tweet other visible as your website Feeds, Share buttons people’s stories. Give URL, including ATL and network support, do not Retail just self-promote
  • 17. Conclusion Click to edit Master title style • Set clear objectives and analyze results • Resource and train your social media correctly • Keep testing, learning and improving your tactics • Remember to listen , not just post • Never get too self-centered • Give love to get love • Integrate social with the rest of digital • Integrate digital with the rest of marketing • Stop replacing time with money
  • 18. Click to edit Master title style INFO@OWNBOUGHTEARNED. COM www.ownboughtearned.com

Editor's Notes

  1. SPOTLIGHT ON B2C:Case Study: Examining a market-leading B2C Facebook strategy – What worked and what didn’t?How did the strategy develop and which stakeholders were involved?Key learning points – what we’d do differentlyWhat are the ongoing resource requirements – how are they managed?How we’ve evaluated the strategy – what it’s deliveringWhat new directions are going to be explored
  2. Source Google
  3. Pages reach 5-20% of their fansFrequency gapping needed to avoid burnoutDaily active users are exposed to many updates dailySo this value is still challenging to justify
  4. I hope you have enjoyed todays speech, Hopefully you learned something new or at least feel inspired to take a look at your company’s marketing practices. Now it’s time for some questions or you can also feel free to contact me after the event. Thanks