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Developing a  Social Media Marketing Strategy Lee Odden - @leeodden TopRankMarketing.com TopRankBlog.com
TopRankMarketing.com     Consulting              Speaking                   Media
TopRank is Social Online Marketing since 2001 (Lee since 1997) Expertise: Search, Social, Content, Email  Blogging: Since 2003 - 45k Subscribers Social: 7k FB Fans, 25k Followers Contributor:  Mashable, ClickZ, OPEN SES Board of Advisors, DMA, PRSA “Lee is a thought leader in the social marketing and search space, and a valuable partner.  I highly recommend Lee and the entire TopRank team.”Tracy Thomsic, Director, Corporate Digital  Strategy and Marketing at McKesson Corporation
Social Media Investment Billion 3.1 Social Media Outcomes: ,[object Object]
Brand Awareness
Engagement with Prospects
Prospect Lead Quality
Customer Service
Useful Product Feedback
Crowdsourcing
Digital Media Publicity2014
What is Social Media? Brand Consumer
Social Media Strategy “Aligning customer & brand objectives through social engagement.”
Considerations Before You Start
Which of your business goals would be facilitated best through social media?
What unique stories do you have to tell?
What internal resources do you have to create, manage & promote?
Who are your biggest fans?  Your best customers?
What social platform should you test  for ROI?
Before starting a Social Media effort, what is your hypothesis? “We think an increase in blog subscribers over six months will correlate with an increase in inquiries and sales.”  “Post activity on our help forum will decrease customer service call center costs.”
Social Media ROI Metrics Speed of Sales Cycle Percent of Repeat Business Percent of Customer Retention Transaction Value Referrals Net New Leads Cost Per Lead Conversions from Community
Basic Social is Basic Marketing Increase sales of product X. Buyers of product Y. Convert influential product Y’s to X, other Y’s will follow. Target influentials that will switch Events, video comparisons, contest for unusual use, endorsements Event participants, trials, comparison videos, contest participants, UGC, mentions, comments, referrals, sales Objective: Audience: Hypothesis: Strategy: Tactics: Measurement
KPIs: Key Performance Indicators Fans, Friends, Followers, Subscribers, Links, Mentions, Comments, Search Rankings Outcomes:  Measurable Business Value Inquiries, Referrals, Leads, Sales, Interactions/Engagement, Cost Savings Measurement
How Companies are Measuring Social Media
Social Media Measurement & ROI 100 Year Old Farmers Insurance Shows Digital Savvy with FarmVille ,[object Object]
 Demographics fit well
 1st insurance company part of the social gaming ecosystem
 Farmers Insurance blimp flying over 5m farms
 Users check farms 2x = 10m impressions /day
 Added 35,000 fans on Facebook page
 Engagement is way up,[object Object]
Increase in agent productivity
Shortened problem resolution cycle,[object Object]
Social Content Roadmap Framework for successful social media participation:
Social Content: Listening Listening Goals Audience Strategy Tactics/Tools Measurement What are you listening for? ,[object Object]
Customer
Prospects
CompetitorsConsiderations: ,[object Object]
 People
Workflow & affect on other depts,[object Object]
Essentials of Social Media Monitoring  Choose a tool(s)  Keyword targeting – define searches  Filter irrelevant info  Refine searches  Analyze results
Fundamentals of Social Listening Your Next Steps for Listening: Select free and/or easy to use software (search.twitter.com, socialmention.com) Start listening for brands, competitors, customer needs & keywords
Identifying Objectives Initial goals: Marketing focused Evolved to expansion of  social participation on Twitter & Facebook Objectives now include Marketing as well as  customer engagement, education & event support.
Social Content Objectives Listening Goals Audience Strategy Tactics/Tools Measurement What are your goals? ,[object Object]
Uncover sales opportunity
Customer ServiceConsiderations: ,[object Object]
 KPIs
Measurement
Reporting,[object Object]
Social Content Objectives Your Next Steps Identifying Objectives:  What business goals are you trying to reach that mesh well with social content? Identify opportunities (customer service, sales prospecting) though listening & participation.
Develop an Audience Profile Who is your target audience? Customers, Influentials, Media, Employees Research: Survey, Social Monitoring, Web Analytics, Appending Services Participate: First-hand community management
Social Content: Audience Profile Listening Goals Audience Strategy Tactics/Tools Measurement Who are you trying to reach? ,[object Object]
Identify preferences for information discovery, consumption, sharing Considerations: ,[object Object]
 Preferred channels
Media types

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Develop a Social Media SEO Strategy

Editor's Notes

  1. http://forums.lenovo.com/lnv/
  2. ListeningObjectivesAudienceSocial StrategySocial Tactics & ToolsMeasurement Content Marketing RoadmapFundamentals of social media listeningSetting objectives for social content marketing3 keys to developing an audience profileCore components to a successful social strategyEssential social media tactics and toolsWhich measurement tools are right for you
  3. Modeled after the Forrester POST Method of developing a social media strategy
  4. Graphic credit:http://www.ignitesocialmedia.com/social-media-monitoring-funnel/
  5. Solution:People like to talk about cars. As soon as the first sketch of a new concept car finds its way into public, conversations begin, in bars, at work, online. Instead of trying to tell the target what to think, we decided to listen. So we created a tool to round up whatever was said about the new A1 and to encourage others to take part in these conversations and join the fan community. In addition to integrating isolated contributions from Facebook, Twitter, Youtube and various blogs within one large community hub, we offered sharing elements like configuration and styling tools, that enabled users to create and show their unique, personal versions of the new A1.