Moving the Needle with Social Media
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Moving the Needle with Social Media

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This presentation accompanied the live webinar "Moving the Needle with Social Media" presented on June 23, 2010 by Jason Falls of the Social Media Explorer and Ryan Deutsch of StrongMail....

This presentation accompanied the live webinar "Moving the Needle with Social Media" presented on June 23, 2010 by Jason Falls of the Social Media Explorer and Ryan Deutsch of StrongMail.

The following is the description from the webinar, which is now archived here: http://www.strongmail.com/resources/webevents/webinars.php

Engagement is only the first step in social media marketing. You eventually need to move from conversations to conversions – because engagement alone doesn't ring the cash register. Unless you are able to drive measurable, bottom-line benefits from social media, your organization's social media efforts are ultimately doomed to fail.

In this on-demand webinar, social media marketing pioneer Jason Falls will show you how to drive your customers to act, convert and purchase without violating their trust. Learn proven strategies for leveraging popular social networks like Twitter and Facebook to increase sales, newsletter subscriptions and other key business objectives. Plus, get insight from detailed case studies and an extensive Q&A session.

Key things you will learn:
• How to set clear goals and measurable objectives for social media
• Effective strategies based on your consumer's social needs
• Tactics for motivating customers to act, convert and purchase
• Case studies showcasing how to drive revenue and customer satisfaction
• Tools for managing and measuring social media campaigns

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  • You Are A Social Media Marketer. If you’re here, you are doing it or want to. (Blogging, Facebook, Twitter, Podcasts, etc.) And if you’ve been reading up about social media you may think it’s a world of …
  • Social Media Is A World Of Happy Little Trees “ Participate in the conversation” “ It’s all about engagement!” “ Talk with us not to us.”
  • Well, conversations don’t ring the cash register Engagement alone doesn’t sell more stuff Gather in a circle and love everyone if you want, but that doesn’t ….
  • Move The Needle Your company, boss, organization is a business Businesses success is judged on one thing. How much stuff you sell! Social media marketing has to move the needle or guess what?
  • This will be you soon.
  • Eric Brown – Urbane Apartments Stopped traditional advertising in 2004. Switched to Paid Search. Started blogging in 2008. Turned blog over to residents and made it about the community around apartments, not the apartments. BUT TRACKED IT, MEASURED IT and proved it was working.
  • Recent conference call with a client of mine, his exact words were:
  • But What About The Hippies/Purists? They’re wrong … or at least only half right. We do want conversation, engagement, human-ness in our marketing. But we have to ….
  • Move The Needle Remember --- This is a business.
  • Business.com report: Social Media Marketing Best Practices: Question and Answer Forums Revenue – 42%; Web traffic – 61%; Prospect lead volume – 36%; lead quality 33% Engagement entries are interesting (prospects 57%; customers 50%) – Is this what the purists have been telling them, or do businesses really care about this?
  • Bazaarvoice – “CMOs Plan For Higher Social Media Measurability in 2010” By Sam Decker – CMO Bazaarvoice What’s the ROI of Social Media? “ DON’T KNOW!” Don’t know and “no” account for 45-60% of the answers in all except ratings and reviews.
  • But that same group is now attaching revenue to social media marketing in ways they never did.
  • So How Do We Move The Needle?
  • Stop being afraid to ask. The purists say you can’t. The public says you can.
  • Present clear calls to action! Wiggly Wigglers regularly presents calls to action that lead to their ecommerce portal. Town of less than 80 people – 105,000 worldwide customers. Much higher return rates than catalogs and direct mail pieces.
  • Indiana Spine Group – Calls to action all over … content helpful … one client can mean thousands of dollars to them. Convert 5-6 a year and you’ve paid for it in multiples.
  • Dell Outlet – NOW 6.5 MILLION IN SALES! WTF?
  • Naked Pizza interacts, but also sells. Has sustained a 20 percent sales level derived directly from Twitter.
  • Dollar General – Third quarter 2009 sales jumped 13 percent (Overall sales … many factors.)
  • Aeropostale – Third Quarter of 2009 – Overall sales up 18%
  • Remember The Merit To Soft Metrics Branding, Awareness, Impressions Traffic, Time on site, Comments, Interactions, ReTweets Friends, Followers Email subscribers, RSS subscribers
  • About Engagement Some think of it as giving (purists view and not wrong). But if you ask, “Did you get something from your audience that can make your business better?” and can answer yes, you can make a case even if you didn’t move the money needle
  • The philosophical approach preached by the purists is necessary to PROVE you are GENUINE and have the right INTENT.
  • But don’t just be a hippie … this is a business. Plan. Measure. Prove!
  • Strategic planning 101 Goals – Objectives – Strategies – Tactics Increase online sales – Drive $5,000 of online sales from Facebook calls to action by Dec. 31, 2010 Develop buy one-get one for a friend app to give Facebook fan base purchase and share opportunity Hire developer, solicit feedback from Fan base on purchase application, promote application, etc.
  • That’s how you move the needle.

Moving the Needle with Social Media Moving the Needle with Social Media Presentation Transcript

  • Move The Needle
    • Social Media For The Bottom Line
    • StrongMail Webinar
    • June 23, 2010
  • You Are One Image: Fonzales on Shutterstock.com
  • Happy Little Trees Image: onesoulrebel_photo on Photobucket.com
    • Conversations Don’t Ring The Cash Register
    • Engagement Alone Doesn’t Sell More Stuff
    • Hold Hands, Sing “Kumbaya” All You Want, It Doesn’t …
    Photo: Courtesy SXCH.hu
  • Image: Luminus on Shutterstock.com
  • Image: Luna Vandoorne on Shutterstock.com
    • Eric Brown Urbane Apartments
    • “ Did we rent more apartments?”
    “ Because if we didn’t, the practice of social media marketing is just a hobby .”
    • A recent conference call with a client talking about social media strategy
    The end game for me is, did we sell more stuff?
  • Image: Creatista on Shutterstock.com
  • Image: Luminus on Shutterstock.com
  •  
    • Bazaarvoice CMOs Group Survey
    • What’s The ROI of Social Media?
    • Survey across industries
    • 72% Didn’t attach revenue in 2009 but will in 2010
    • 81% plan to link annual revenues to social media
    • 85% predict a 5-15% impact on their bottom line this year
    • 64% will increase social media budgets
    • Fastest growing metrics tracked: REVENUE, CONVERSION, AVERAGE ORDER VALUE
  • Image: Luminus on Shutterstock.com
    • People still respond to advertising
    • “ People” aren’t social media purists
    • Your customers and fans know you need to make money
    • “ Remember - it’s not about selling, but helping people buy.” – Chris Heuer
  •  
    • Wiggly Wigglers
    • Indiana Spine Group
    • Corporate Blog
    • Direct Calls To Action As Part Of Site
    • Dell Outlet
    • Naked Pizza
    • Dollar General
    • Blatant Advertising
    • 31,000+ Fans
    • Three recent posts:
    • 93 Likes 48 Comments
    • Aeropostale
    • 372,000 Fans
    • Email Signup Prominent
    • Holiday Gift Guide: 84 Comments 413 Likes
  •  
  •  
  •  
  • Image: Michael Heiber on Shutterstock.com
  • Image: Courtesy SXCH.hu Did you give something to your audience that enhances their life or online experience? Did you get something from your audience that can make your business better?
    • Be Consumer-Centric
    • Participate
    • Provide Value
    • Build Relationships & Trust
    • Plan for success
    • Present clear calls to action
    • Offer opportunities at relevant times/locations
    • Know that value can also be your product or service
    • Establish Singular Goals
    • Set Measureable Objectives To Achieve Goals
    • Develop Targeted Strategies To Accomplish Objectives
    • Enumerate Tactics/Tasks To Deliver Strategies
  • Image: Luminus on Shutterstock.com
  • Thank You! Jason Falls Principal, Social Media Explorer Email: [email_address] Twitter: @JasonFalls Phone: 502.509.4763 Web: socialmediaexplorer.com socialmediaexplorer.com/newsletter Coming Soon ExploringSocialMedia.com Ryan Deutsch VP of Emerging Media, StrongMail Email: [email_address] Twitter: @rdeutsch Phone: 650.421.7124 Web: www.strongmail.com strongmail.com/socialmedia 14-Day Free Trial StrongMail Social Studio