SlideShare a Scribd company logo
MONETISING SOCIAL MEDIA MARKETING
Kelvin Lee, Director of Social Media for Financial & Risk
@iamkelvinlee
REUTERS/ Edgar Su
2
visiobibliophobia
the anxiety caused by the fear of social media
@iamkelvinlee
3
4
REUTERS/Jacky Naegelen
Google & CEB Marketing Leadership Council
“Today's business buyers do
not contact suppliers directly
until 57% of the purchase
process is complete.”
Source – survey of 1500 business leaders involved in purchase for 22 large B2B
organisations
5
@iamkelvinlee
The New Buyers’ Journey
6
@iamkelvinlee
8 foundations of a ‘monetized’ social media
ecosystem which drives sales and revenue
7
@iamkelvinlee
Source: UsefulSocialMedia – State of Corp Social Media 2014 Infographic
How social is your CEO?
@iamkelvinlee
Vala Afshar,
Chief Digital Evangelist, Saleforce
“Dear business leader, if the
only way people can reach
you is via phone and email,
then you're on the wrong
side of the digital divide.”
9
@iamkelvinlee
Aim to have at least one of your senior leads
on board.
10
Opportunities to:
 Humanise the organization
 Be the industry thought-leader
 Demonstrate commitment
Consider:
 Training
 Play on ‘envy’
 Partner up
@iamkelvinlee
11
Measuring:
Effectiveness of content
@iamkelvinlee
Social measurement:
Ability to measure social ROI
12
Credit: How B2B Businesses Are Tackling Social Media In 2015
@iamkelvinlee
Social Metrics
13
Credit: Salesforce 2015 State of Marketing Report;
Eloqua Content Marketing Grid Infographic
Metrics most commonly used
Range of Key Performance Indicators
@iamkelvinlee
Social Listening & Monitoring
It’s a crowded marketplace.
14
@iamkelvinlee
Your Content Turkey
15
Credit: Jason Miller – Content Marketing Lead, LinkedIn
@iamkelvinlee
Social Content:
Effectiveness vs. Difficulty
16
@iamkelvinlee
Checklist: Content Planning
 Define your target audience – reading behaviours, social channels, events, interests,
motivations, pain points, where and when he/she is likely to consume this content
 Define a list of your market’s macro themes
 Conduct an audit of your competitors’ content
 Leverage business and content partners
 Listen and involve your sales teams
 Implement your brand tone of voice and guidelines
 Band together a content taskforce involving cross functional roles (marketing, sales,
data, research teams etc.)
 Draw up a content calendar, identify potential authors, design & create visual assets
17
@iamkelvinlee
The visual is the
18
REUTERS/Daniel Munoz
new headline.
19
20
21
22
“If content is king, then
distribution is King Kong.”
– Luke Kintigh, How IntelIQ does content promotion
23
‘Play’ Across All Channels
24Reuters Institute Digital News Report
University of Oxford - Reuters Institute for the Study of Journalism
@iamkelvinlee
Publish with intent to strike up a conversation.
25
YouTube:
Interviews, Animated Graphics, How-To Vids
26
@iamkelvinlee
Instagram? Snapchat? Yes!
27
Checklist: Organic Social Distribution
 Focus on one or two channels which shows the greatest response rates.
 Test different copy to identify what creative and copy has the greatest
impact.
 Analyze your desired post-click actions, such as subscriptions or bounce
rate, against each social channel that drives it.
 Allocate budget and targeting according to the patterns you’re seeing
across time, channel and device.
 ‘Newer’ platforms such as Snapchat, Instagram Stories, Periscope can’t be
ignored.
Your goal is to discover the top 10% content.
28
@iamkelvinlee
29
10%
90%
The 90:10 rule:
10% of content drives
90% of traffic and
engagement.
– SimpleReach
Content Traffic/
Engagement
‘Paid social’ is getting serious.
30Credit: eMarketer.com, Dazeinfo.com
31@iamkelvinlee #B2BsocialshipREUTERS/ Edgar Su
Social Selling
Your Organization’s Secret Weapon
‘Just 60 employees can
increase your
company’s reach by
1000%’ - GaggleAmp
32
@iamkelvinlee
Image Credit: Let’s Paint Our World by 0ziriz
33
LinkedIn’s Social Selling Index Leaders
34
45%
More
opportunities
51%
More likely to
hit quota
Credit: LinkedIn
Checklist:
Rolling out a employee advocacy program
 Produce a set of social media sharing guidelines
 Obtain buy-in of senior sales managers
 Collaborate with team members and sales colleagues to listen and
understand what types of content they would be willing to share with
their prospects
 Conduct training sessions, uncover advocates and champions
 Distribute a regular ’Post of the Day/ Week’ with approved content.
 Leverage and pilot social sharing platforms, such as
35
@iamkelvinlee
36
REUTERS/Shailesh Andrade
Collaboration Checklist:
 Set up a ‘Social Media Taskforce’ group – a forum to
exchange ideas and gather feedback.
 Map social into all other activities, not just online.
 Involve sales, PR, IT, Product Development, Legal,
Compliance - and your customers & market influencers
 Provide transparency to upcoming content.
 Share what’s working on and what’s not – be
transparent on results.
 Keep your senior sponsor(s) updated with progress.
 Move fast, test, scale.
37
@iamkelvinlee
The ‘monetized’ social media ecosystem
which drives sales and revenue
38
Senior Level Engagement
Distribution
Paid Amplification
Employee Advocacy Content Plan
Collaboration
Optimization
Measurement
Start with 1, then leverage on ‘envy’
Obtain agreement on a set of
short term and long term metrics
Find your top 10% performers
Visual is the headline.
Play across all channels - both online and offline.
Bet big on your top 10%
Train, empower, expand
Move fast, test, scale.
@iamkelvinlee
SUMMARY
39
Define and
agree key
social metrics
Leverage the
social media
ecosystem
Build a
roadmap for
social
mar-tech
1 2 3
Key Takeaways:
Please join my network
40
@iamkelvinleelinkedin.com/in/iamkelvinlee Kelvin Lee
@thomsonreuters @insidefinance @riskmanagement

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LEAD Asia Singapore : Monetizing Social Media

  • 1. MONETISING SOCIAL MEDIA MARKETING Kelvin Lee, Director of Social Media for Financial & Risk @iamkelvinlee REUTERS/ Edgar Su
  • 2. 2 visiobibliophobia the anxiety caused by the fear of social media @iamkelvinlee
  • 3. 3
  • 5. Google & CEB Marketing Leadership Council “Today's business buyers do not contact suppliers directly until 57% of the purchase process is complete.” Source – survey of 1500 business leaders involved in purchase for 22 large B2B organisations 5 @iamkelvinlee
  • 6. The New Buyers’ Journey 6 @iamkelvinlee
  • 7. 8 foundations of a ‘monetized’ social media ecosystem which drives sales and revenue 7 @iamkelvinlee
  • 8. Source: UsefulSocialMedia – State of Corp Social Media 2014 Infographic How social is your CEO? @iamkelvinlee
  • 9. Vala Afshar, Chief Digital Evangelist, Saleforce “Dear business leader, if the only way people can reach you is via phone and email, then you're on the wrong side of the digital divide.” 9 @iamkelvinlee
  • 10. Aim to have at least one of your senior leads on board. 10 Opportunities to:  Humanise the organization  Be the industry thought-leader  Demonstrate commitment Consider:  Training  Play on ‘envy’  Partner up @iamkelvinlee
  • 12. Social measurement: Ability to measure social ROI 12 Credit: How B2B Businesses Are Tackling Social Media In 2015 @iamkelvinlee
  • 13. Social Metrics 13 Credit: Salesforce 2015 State of Marketing Report; Eloqua Content Marketing Grid Infographic Metrics most commonly used Range of Key Performance Indicators @iamkelvinlee
  • 14. Social Listening & Monitoring It’s a crowded marketplace. 14 @iamkelvinlee
  • 15. Your Content Turkey 15 Credit: Jason Miller – Content Marketing Lead, LinkedIn @iamkelvinlee
  • 16. Social Content: Effectiveness vs. Difficulty 16 @iamkelvinlee
  • 17. Checklist: Content Planning  Define your target audience – reading behaviours, social channels, events, interests, motivations, pain points, where and when he/she is likely to consume this content  Define a list of your market’s macro themes  Conduct an audit of your competitors’ content  Leverage business and content partners  Listen and involve your sales teams  Implement your brand tone of voice and guidelines  Band together a content taskforce involving cross functional roles (marketing, sales, data, research teams etc.)  Draw up a content calendar, identify potential authors, design & create visual assets 17 @iamkelvinlee
  • 18. The visual is the 18 REUTERS/Daniel Munoz new headline.
  • 19. 19
  • 20. 20
  • 21. 21
  • 22. 22
  • 23. “If content is king, then distribution is King Kong.” – Luke Kintigh, How IntelIQ does content promotion 23
  • 24. ‘Play’ Across All Channels 24Reuters Institute Digital News Report University of Oxford - Reuters Institute for the Study of Journalism @iamkelvinlee
  • 25. Publish with intent to strike up a conversation. 25
  • 26. YouTube: Interviews, Animated Graphics, How-To Vids 26 @iamkelvinlee
  • 28. Checklist: Organic Social Distribution  Focus on one or two channels which shows the greatest response rates.  Test different copy to identify what creative and copy has the greatest impact.  Analyze your desired post-click actions, such as subscriptions or bounce rate, against each social channel that drives it.  Allocate budget and targeting according to the patterns you’re seeing across time, channel and device.  ‘Newer’ platforms such as Snapchat, Instagram Stories, Periscope can’t be ignored. Your goal is to discover the top 10% content. 28 @iamkelvinlee
  • 29. 29 10% 90% The 90:10 rule: 10% of content drives 90% of traffic and engagement. – SimpleReach Content Traffic/ Engagement
  • 30. ‘Paid social’ is getting serious. 30Credit: eMarketer.com, Dazeinfo.com
  • 32. Social Selling Your Organization’s Secret Weapon ‘Just 60 employees can increase your company’s reach by 1000%’ - GaggleAmp 32 @iamkelvinlee
  • 33. Image Credit: Let’s Paint Our World by 0ziriz 33
  • 34. LinkedIn’s Social Selling Index Leaders 34 45% More opportunities 51% More likely to hit quota Credit: LinkedIn
  • 35. Checklist: Rolling out a employee advocacy program  Produce a set of social media sharing guidelines  Obtain buy-in of senior sales managers  Collaborate with team members and sales colleagues to listen and understand what types of content they would be willing to share with their prospects  Conduct training sessions, uncover advocates and champions  Distribute a regular ’Post of the Day/ Week’ with approved content.  Leverage and pilot social sharing platforms, such as 35 @iamkelvinlee
  • 37. Collaboration Checklist:  Set up a ‘Social Media Taskforce’ group – a forum to exchange ideas and gather feedback.  Map social into all other activities, not just online.  Involve sales, PR, IT, Product Development, Legal, Compliance - and your customers & market influencers  Provide transparency to upcoming content.  Share what’s working on and what’s not – be transparent on results.  Keep your senior sponsor(s) updated with progress.  Move fast, test, scale. 37 @iamkelvinlee
  • 38. The ‘monetized’ social media ecosystem which drives sales and revenue 38 Senior Level Engagement Distribution Paid Amplification Employee Advocacy Content Plan Collaboration Optimization Measurement Start with 1, then leverage on ‘envy’ Obtain agreement on a set of short term and long term metrics Find your top 10% performers Visual is the headline. Play across all channels - both online and offline. Bet big on your top 10% Train, empower, expand Move fast, test, scale. @iamkelvinlee
  • 39. SUMMARY 39 Define and agree key social metrics Leverage the social media ecosystem Build a roadmap for social mar-tech 1 2 3 Key Takeaways:
  • 40. Please join my network 40 @iamkelvinleelinkedin.com/in/iamkelvinlee Kelvin Lee @thomsonreuters @insidefinance @riskmanagement

Editor's Notes

  1. KLM’s 150 social media customer service agents generate $25M in annual revenue 150 people are dedicated to serving clients via social. And each of them represents almost $170,000 in annual revenue. “Social is more and more becoming a profit center,” KLM’s social media manager Gert-Wim ter Haar told me today in Prague. “It’s first about service, then brand and reputation, but also about commerce … we have to make money.”
  2. 10% great working content, and 90% - popularity contest. 10% of your content will drive traffic and engagement.
  3. eMarketeer.com suggests social network ad revenue worldwide will top $36B, with Facebook taking 68% of ad revenue share. YouTube is best for introducing and selling products Facebook is best for expanding highly targeted brand awareness Twitter is best for product promotion in the middle stage of the buying process LinkedIn is best for B2B businesses to acquire new and qualified leads.
  4. - Based on a global study LinkedIn ran in Q4 2013 of Q3 performance for reps focused on new business and reps focused on existing business. Respondents reported performance; they were matched to their LinkedIn profiles to understand their SSI.SSI leaders have an SSI > 70; SSI laggards have an SSI < 30