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Social Media 2010: Competitive Advantage and Survival
 

Social Media 2010: Competitive Advantage and Survival

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The Salem-Roanoke County Chamber hosts a seminar Social Media 2010: Competitive Advantage and Survival, presented by Entwine Inc. The seminar will focus on changing the mindset of Company Owners and ...

The Salem-Roanoke County Chamber hosts a seminar Social Media 2010: Competitive Advantage and Survival, presented by Entwine Inc. The seminar will focus on changing the mindset of Company Owners and Senior level Executives and educate them on Social Media and how it will impact their business whether they participate or not.

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  • Thanks for this! I got some good tips. Really liked the stats in here and the 'What is social media?' slide.

    Free e-book '5 Tips for Better Sites' http://www.webvanta.com/5tips-ebook
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    Social Media 2010: Competitive Advantage and Survival Social Media 2010: Competitive Advantage and Survival Presentation Transcript

    • Social Media 2010 Competitive Advantage and Survival Ira Kaufman President Patsy Stewart Director Social Media Amy Tuggle Brand Designer ©2010 www.entwineinc.com
    • About the Presenters Ira Kaufman, President, Ira combines 30 years of rich experiences with businesses and non- profits to guide them to leverage the power of social media for marketing, recruitment and organizational development. Ira collaborates with a team of experts to design interactive environments to by integrating traditional advertising, online marketing, public relations and social media. His strong values and sensitivity to organization innovation and change are the foundation of his work. Ira has a PhD in Marketing and serves as a consultant, public speaker, and lecturer for companies and Senior Executive programs. Patsy Stewart, Director Social Media, Patsy is responsible for designing and implementing social media strategies as part of an Integrated Media Marketing plan. She specializes in working with clients to generate conversations that create relationships. Patsy is well known throughout Virginia as a speaker, trainer and thought leader in Social Media. She manages a recruitment team that was recognized as one of the top 50 recruiters nationally using Twitter/social media. She authored the ebook, "How to Grow Your Digital Footprint". Amy Tuggle Brand Developer, Amy combines a sharp eye for design with her extensive knowledge of social media and current web innovations to create a strong brand presence throughout the project. She is a talented media professional with extensive branding, web, motion graphics and social media experience. As multimedia lead and creative director her consulting portfolio includes marketing for Holland America Line, Blue Cross Blue Shield and Microsoft. Amy integrates these experiences with her knowledge of optimal web and social media practices to provide a captivating look to the clients marketing strategy. www.entwineinc.com
    • Changes in the Marketplace … Customer’s Mindset • Globalization… Interdependence • Control of media; consumer is publisher • Conversations generate exposure, sales • Transparency –open source • Collaboration rules • People use technologies to get things that they need from each other, rather from corporations
    • Social Media Revolution
    • Old 4Ps Marketing 1.0 Value Creator Customer 4Ps
    • Marketing 2.0 Value Builder User - Company - Employer Product (WEB2.0 Brand) Job Seeker - Partner Place (online, offline) Price ($, time, ease) 5Ps Promotion (Integrated Marketing) Participation (Conversations) Publisher Thought Leaders
    • Marketing Rules are Changing It was It’s now Pushing message to client Pulling client to the message One way message Interactive conversation Business generated content User generated content Interrupt client- direct immediate action Engage, build relationship Attention economy Attraction economy Hard to measure results Real time metrics Coveting information Sharing information Charging for entry – block entry Giving free ebooks, product
    • Is Social Media A Hype? • 80% Adult Internet Users have used Social Media • 72% been using Social Media < 90 days • Demographics +10hrs/wk: 30-39yrs (45%), 50-59 yr(39%) • Social Media Industry Report 2009 by Michael Stelzner • Total US minutes devoted to social media surged 210% (> 2008) • 80% female Internet users are a fan of a product or brand on a social network • 60% of Ad Agencies support clients with social media • 76% small business not found social media useful in generating business. (Citi Survey) • Facebook 300 million users • Twitter 52 million users • LinkedIn 48 million users
    • Social Media Provides Value • Kellogg COO - we are tripling social media spending over the past three years and experiencing "great returns on this investment.” • Tony Hsieh, CEO Zappos “We are about 3 Cs: Clothing, Customer Service and Culture… Gross sales grew from $1.6M (2000) to $1+ billion (2008) by focusing relentlessly on customer service and culture – a potent digital marketing tool.” • McDonald’s “Our head of Social Media is the customer” • Lenovo “We achieved cost savings by a 20% reduction in call center activity as customers go to community website for answers “
    • 1,700 Small Businesses on Using Social Media
    • What Are The Results? • Generated Exposure 81% • Increased my Website Traffic 61% • Increased Search Engine Rankings 52% • Generated Qualified Leads 48% • Reduced Marketing Expenses 45% • Helped Me Close New Business 35% *Source is Social Media Industry Report 2009 by Michael Stelzner
    • Social Media Live Update • http://www.personalizemedia.com/garys- social-media-count/
    • Your Challenges What are your questions about social media? How can social media help you to meet your 2010 marketing goals? ©2010
    • Strategy… not an Option “Instead of researching the best ways to engage, many businesses create accounts across multiple social networks and publish content without a plan or purpose. However, businesses that conduct research will find a rewarding array of options and opportunities.” Brian Solis, Mashable, 1/11/10
    • Powerful Social Media Strategy Obama has 380% more Obama has 403% more subscribers supporters than McCain than McCain & 905% more Obama: 2,379,102 supporters Viewers than McCain McCain: 620,359 supporters • “Race” Speech 3.8 MM YouTube • 4 MM Cable-3 channels Obama has 380% more Obama has 240 times more supporters than McCain followers than McCain Obama: Friends: 833,161 Obama: @barackobama has 112,474 followers McCain: Friends: 217,811 McCain: @JohnMcCain 4,603 followers http://www.web-strategist.com/blog/2008/11/03/snapshot-of-presidential-candidate-social-networking-stats-nov-2-2008/
    • Lessons from Obama Team 1. Give new media a seat at the strategy table 2. New digital tools are useless without a blueprint 3. Campaign requires consistency in messaging 4. Map digital landscape/conversations of targets 5. Include a call to offline action 6. Be ready to give up control to your communities http://intangibles.typepad.com/theintangibles/2008/11/lessons-.html ©2010
    • Integrated Media Marketing Strategy Five Steps • BASELINE (Assessment) • WHAT (Branding) • WHO (Strategic Positioning) • HOW (Marketing Mix) • ROI (Evaluation, Metrics)
    • 360 Degree Approach
    • Branding • Develop Value Proposition • Finding your Sweet Spot • Determine Voice and Personality (logo, tagline)
    • Marketing Mix • Develop Powerful Call to Action • Choose Tactics • Design Integrated Blueprint
    • Integrated Media Marketing Synergize … Build on each other traditional online advertising marketing social public social relations media BUZZ
    • Track – Evaluate- ROI • Webstats- Google Analytics – Demographics – Site activity and analysis • Track results/call to action – Tracking URLS • Evaluate – Benchmark-competition vs projections vs goals
    • If you think and operate with new models, you will realize new results • The next three years businesses will Integrate Marketing Strategies to realize a powerful competitive edge • You are about to change how your company relates to its customers
    • Integrated Media Marketing Best Practices • Change your mindset; think collaborative and transparent • Monitor competition’s digital footprint • Design a strategy reflecting customer touchpoints • Review your corporate legal framework • Integrate and synergize your media • Develop social media employee policy • Design a proactive crisis strategy • Incorporate links as metrics • Evaluate RGVsm (Resources Generating Value) • Regularly re-access; make improvements
    • Strategy • Knowing who your ideal customer is • Knowing how that person interacts online currently • Know what your goal is with social media, you can evaluate your ROI & update strategy
    • Think Collaborative & Transparent
    • Community & Interaction Scottevest
    • Review your corporate legal framework Always start with your legal team to review your corporate non-compete and IP policies. They can help with trademark and domain questions that often arise. You want this team involved early to help inspire non-compete and IP policies. They can help with trademark and domain questions that often arise. You want this team involved early to help inspire marketing programs that follow FTC guidelines and your own policies.
    • Recognize opportunities & touchpoints
    • Develop a social media employee policy www.twitter.zappos.com
    • Develop a proactive crisis management If in crisis: Don’t ignore it. Don’t hide. Instead, acknowledge, listen. strategy
    • Evaluate your social media ROI
    • Regularly access & make improvements • You may start off with only 1 or 2 social media sites • Do not grow faster than you can maintain • As you become more involved with your community you may recognize a new need • Build from your brand
    • What is Social Media? Social media is a means to generate conversations Stop thinking campaigns Start thinking conversations Translate conversations into Results
    • Your Digital Footprint…
    • What is a Digital Footprint • Traces left by someone’s activity in a digital environment • Passive – “Data collected about an action without any client activation” (e.g., IP information collected by a web server) • Active – “Created when personal data is released deliberately by the user for the purpose of sharing information about oneself” http://en.wikipedia.org/wiki/Digital_footprint. 20 Aug 2009.
    • Assess your digital footprint Google your name or company name. Print out the first two pages of results and save them for later. 10 Steps to Create a Powerful Digital Footprint
    • Create local listings and profiles
    • Claim Your Google Listing http://maps.google.com/
    • Google Search is Getting More Social
    • Just Released • Go beyond status messages • Share updates, photos, videos • Start conversations • Available for mobile
    • Prepare social networking profiles Consistency • Avatar or photo • Keywords • 140 characters • 100 words • novel
    • Who’s on LinkedIn? • 60 million Professionals • Avg income $109k • Avg age 37 - 52 • Executives from all Fortune 500 companies are LinkedIn members. • Entrepreneurs – 31% • Executives – 18% • Decision Makers – 42% *From LinkedIn.com Advertising
    • Why Should You Be On Linkedin? • Laser Marketing and Warm Market Sales • Be Found = More Sales and Exposure • A huge time-saver, aggregating information • Hire A+ employees or land your dream job • 3 Degrees Separation (Kevin Bacon)
    • How Do I Get Started? • SEO Your Profile • Set preferences • Invite your friends and colleagues • Join groups with your prospects • Invite people from your Niche • Build Relationships through Communication 3 Degrees Separation (Kevin Bacon)
    • LinkedIn… Professional Connections • Complete profile • Add connections 100+ • Get recommendations • Join and create groups 50 • Ask and Answer questions • Add applications • Add Events
    • Should I Be Marketing on Facebook? Yes Facebook is the #1 social destination
    •  More than 400 million active users  2nd most trafficked website  The fastest growing demographic is those 35 years old and older  Average user spends 55 minutes/day on FB  More than 1.5 million local businesses have pages on Facebook  More than 20 million users become fans of Pages each day  The Nielsen Company found that the average time users spend using Facebook per month grew nearly 10%, topping seven hours.
    • What are they looking for? • Getting news or product updates (67%) • Having access to promotions (64%) • Viewing or downloading videos/music (41%) • Submitting opinions (36%) • Connecting with other consumers (33%) If your business has prospects on Facebook and they would find any of the above interesting, you should build a business fan page. SOURCE: Pace University study, 12/08
    • Fan Page vs Group Fan Page Group Indexed by search engines Not indexed Not linked to you personally Connected to Administrators Can message ALL fans (list) Message up to 5000 (inbox) Have access to applications No applications Promote with Ads / fans Promote with ADs Visible through URL Only visible to FB members Metrics through insights No means to measure Vanity URL Ugly URL Promote Website (widgets) No widget
    • What is Twitter? Twitter is a free social networking and micro-blogging service that enables its users to send and read messages known as tweets. Tweets are text-based posts of up to 140 characters displayed on the author's profile page and delivered to the author's subscribers who are known as followers. … From Wikipedia
    • Why Twitter? • Twitter has 40 million users who spent 300 million minutes on the site in April 2009, 3712 % more time than in April 2008 • Twitter users spend 66% more dollars on the Internet than non-twitter users • Largest age group on Twitter is 35-49 • Twitter members are sending out 50 million tweets per day, an average of 600 tweets per second
    • Look and Listen • Monitor twitter for a few days • Add your first few tweets • Don’t sell • Engage in conversations • Use http://search.twitter.com • Download twitter desk client (Seesmic, Tweetdeck, Twirl)
    • Social Video • Use video for blogs and websites, facebook, twitter • Create a YouTube channel • Syndicate Your Videos • Use videos for events, special services, customer service, how-to
    • Presented by www.entwineinc.com info@entwineinc.com