Readers Digest just declared bankruptcy. Purchased for $1.6 billion just two years ago, that investment is now worthless This is not a matter of big media vs. Internet; it’s big media vs. small media
Great slide capture of some of the key players so far
About 30% of all TV ads are vaporized by Tivo today
Social Media Revolution What Matters And Why - Presentation Transcript
Social Media Revolution Paul Gillin Author, The New Influencers Secrets of Social Media Marketing
Chaos Theory
Small Is the New Big
Less Marketing is More Marketing
Gain Control By Giving Up Control
Publication Is a Beginning, Not an End
From This
To This
Old Media Facts
Magazine newsstand sales off 12% in 2008, 22% in 2009
TV Guide sold last year for $1; Readers Digest in Chapter 11
2009 TV station ad revenue down >20% ( B e rnstein Research)
Q2 radio ad revenue down 22% ( Radio Ad Bureau)
NBC prime time audience down 14.3% in the past year
Cost of reaching 1,000 households with 30-second TV spot in 1986: $8.28
In 2008: $22.65 (Media Dynamics)
NBC and CBS execs have publicly suggested the networks could become cable channels
Age of average network evening news viewer: 63
New Media Facts
Teens watch 60% less TV than their parents. They spend 600% more time online (Arthur W. Page report)
Twitter membership up 1,400% last year (Nielsen)
If Facebook was a country, it would be world’s fifth largest
% of Americans under 33 on social networking sites: 67
% over 55: 9
Word-of-mouth marketing spending to hit $3B by 2013
One-third of Americans under 40 say the Daily Show and Colbert Report are replacing traditional news outlets.
Traditional communications
New reality
AOL Hell June 20 June 24 June 26 June 21 June 23 July 14 Today Vincent Ferrari
Customer at the Center The Way We’re Going
The Numbers
Active blogs on the Internet: 25-40 million
Social networks: 2,900
Social network service providers: >100
Active Facebook members: 175 million
Corporations with social media campaigns: >300
Photos on Flickr: 3 billion
Daily Twitter messages: 6 million
Pres. Obama’s Facebook friends: 5.9 million
Influence 2.0 Ben Popken Editor in chief
18 million monthly visitors
30-40 daily articles
Full-time staff of seven
500 references in Wall Street Journal & New York Times
More than 34,000 references on Digg.com
Ed Magedson Founder
30 million monthly visitors
322,000 published reports
More than 30 lawsuits
Never sued successfully
Meet the new influencers Philipp Lenssen Steve Hall Paige Heninger & Gretchen Vogelzang
Self-Appointed Celebrities
So Many Choices
Tools at Your Disposal
Discussion Forums – tactical and impersonal
Blogs – The online equivalent to publications
Microblogs – Short, fast and frequent
Podcasts – Add depth, lose interactivity
Social Networks – Listening posts
Social Bookmarking Sites – Drive awareness
Online Video – Flexible but complex
E-mail Marketing – Ties it all together
New Publishing Lifecycle Becomes a blog entry Feeds a podcast Stokes a white paper That gets tweeted! Begins as a tweet
Publish Everywhere
Promote Yourself
Engage Popular People
Self-Syndication Then Now Server User Search
RSS Is For Machines, Not People
Credibility Through Validation Source: Elliance, Inc.
The Way We Were
Message
Impressions
Reach & Frequency
Retention
CPM
Recall
Share of Voice
Coverage
Rate Base
The Way We’re Going
Fiskars Swag
Social Network Essentials About Me About Others Our Interests
Niche markets are:
Knowledgeable
Engaged
Responsive
Helpful
Spenders
New Concepts
Friend
Friend in Common
Follower
Profile
Group
News Feed
Poke
Wall
Connection
Answer
App
Hash tag
Secrets of New Media
Be comfortable
Be distinctive
Be brief
Be kind
Be honest
Be offbeat
Be genuine
Be shareable
Be generous
Be funny
Be Remarkable!
Be Genuine “ We want to make production values as high as they need to be to tell the story, but not so high that they get in the way of the story. If we started using typical TV commercial product shots, our audience would tune out.” Stephen Voltz, Eepybird.com
Thank you! Paul Gillin 508-202-9807 [email_address] www.gillin.com Twitter: pgillin Available on Amazon or from NewInfluencers.com Available on Amazon or from SSMMBook.com
A presentation to the World Presidents' Organizatio more
A presentation to the World Presidents' Organization/New England Forty-Niners Chapter: Social media is the next wave of internet based communication. Facebook has 250 million users and a market cap of $6.5 billion. Twitter has 23 million users, user growth of 1382% and 54% of Fortune 100 companies use it. LinkedIn is now used by many middle-upper level managers to stay connected professionally. Blog sites are replacing print news writer bylines.
These new tools are complimentary to email as a way of keeping up with sport stars, politicians, CEO's, university and hospital presidents, authors, industry experts, special interests and NE49er's.Information, opinion, reaction, and ease of access are all available with today's tools on your computer or your smart phone.
Videos referenced in this presentation: Dove Evolution: www.youtube.com/watch?v=iYhCn0jf46U
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