Social Media – What Next

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    Social Media – What Next - Presentation Transcript

    1. Social Media – What’s Next? Sanjay Mehta CEO, Social Wavelength
    2. “ Our company has a Facebook account, we are on Twitter, we blog, we also have a few videos on our YouTube channel. So “WHAT NEXT??” How about doing some LISTENING??!
    3. LISTENING
      • Case: Entertainment channel
      • Insights: brand, trends, research, manage PR crisis, influencers, new product ideas
      • Case: Twitter usage of 50 Top CEOs
      • Close the feedback loop
      • Conversations, not monologues
      • “ Hey, it’s not one more broadcast medium!!”
    4. “ I built this new website for my business, I have also engaged an SEO, and I am putting some budget out for PPC also. So WHAT NEXT ??” Sorry…but a new website is INVISIBLE!!
    5. The Invisible Website!!
      • Invisible without a site, or WITH a site!!
      • Case: diamond jewelry seller
        • Diamond jewelry: 19.8 million matches,
        • Diamond jewelry India: 810,000 matches,
        • Diamond jewelry Mumbai: 328,000 matches,
        • 0.1 ct diamond ring mumbai: only 1850 matches
      • Advertisements are expensive
      • Social Media’s the way: Digg, then SEO!
    6. “ Sales is what I want. I have a catalog website, and I have a small allocation to sell via e-com portals. But Social Media?? You don’t SELL there, do you?? So WHAT NEXT ??” Let’s talk about cars, movie tickets, computers..
    7. Case: Xylo or Safari or Scorpio
    8. Case: Dell on Twitter
    9. Sales via Social Media
      • A case of numbers: 8x10 vs 99
      • Where customers are, sales can also be!
      • But you don’t want to be thrown out of the club
      “ If I tell my Facebook friends about your brand, it’s not because I like your brand, but because I like my friends.” Mike Arauz
    10. “ We have been tweeting for last 6 months, we do blog posts, and we have an active Facebook page too. But we don’t think we are getting any decent ROI. So WHAT NEXT ??” A goal oriented, measurable STRATEGY?
    11. Enough thumbing down of ROI!
      • Knee jerk, reactive, random Social Media
      • A tweet here, a blog there…and then, “ok, so what WAS that all about??”
      • Social Wavelength’s 4 Ps strategy:
        • People, Purpose, Plan, Process
      • Assures success and ROI too!
      • Worry about the other ROI : Risk of Inaction!
    12. In Conclusion
      • People living near railway stations adjust to the noise..the same is true for advertising
      • The Tata Sky+ factor: TV Ads being “tuned out”, growth of DVRs
      • Brands want loyalty for life, but actually go for ‘one night stands’; “engagement”??
      • Elections 2009: blog.socialwavelength.com
      Social Media - it’s not about ‘if’, only about ‘when’: yesterday, today or tomorrow!!
    13. Thank you. Sanjay Mehta CEO, Social Wavelength [email_address] Twitter: @sm63 LinkedIn: linkedin.com/in/spmehta Personal blog: GrayHairWisdom.com Personal blog: sanjaymehta.me
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