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Market Research and Social Media

          Ganesh Krishnan
  Head – LinkedIn India Tech Center



                                      1
a little about myself
• MS, Computer Science from Purdue University
• Worked at various companies (Intel, Securify,
  Yahoo, LinkedIn ..) over the last 15 years in
  Engineering, consulting, product and security .
• Now here setting up the LinkedIn India tech
  center, the first of its kind outside mountain
  view.


                                                2
Social Web is big and without borders
Market Research then ..


                 Lead User      In-depth
                 Analysis       Interviews

                Observation/
      Sales     Ethnography       Focus
      Calls                       Groups
                   Usability
            RFPs Studies           Advisory
                                   Boards
  Customer                     Surveys
  Service                       - Mail
                   Customer
 Support/          Comment      - Internet
 Maintenance       Cards          Win-Loss
Reactive                          Proactive
Market Research now ..


                 Lead User      In-depth
                 Analysis       Interviews

                Observation/
      Sales     Ethnography       Focus
      Calls                       Groups
                   Usability
            RFPs Studies           Advisory
                                   Boards
               Social Media
  Customer                     Surveys
  Service                       - Mail
                   Customer
 Support/          Comment      - Internet
 Maintenance       Cards          Win-Loss
Reactive                          Proactive
Market Research++


                 Lead User       In-depth
                 Analysis        Interviews

                Observation/
      Sales     Ethnography        Focus
      Calls                        Groups
                   Usability
            RFPs Studies       Advisory
                               Boards       Product
                                            Analytics
               Social Media
  Customer                     Surveys
  Service                       - Mail
                   Customer
 Support/          Comment      - Internet
 Maintenance       Cards            Win-Loss
Reactive                           Proactive
Social Media
    • Continuous Conversations
    • Sharing of Ideas and Opinion
    • Viral propagation and truly
      borderless
    • Instant Access
    • Technology Enabled
    • Discontinuous engagement
      with multiple stakeholders
    • Find influencers
7
Facebook
    People on Facebook
    • More than 800 million active users
    • More than 50% of our active users log on to Facebook in any given day
    • Average user has 130 friends
    Activity on Facebook
    • More than 900 million objects that people interact with (pages, groups, events and
        community pages)
    • Average user is connected to 80 community pages, groups and events
    Global Reach
    • More than 70 languages available on the site
    • More than 75% of users are outside of the United States
    Platform
    • On average, people on Facebook install apps more than 20 million times every day
    • Every month, more than 500 million people use an app on Facebook or experience
        Facebook Platform on other websites
    • More than 7 million apps and websites are integrated with Facebook

    => Lots of interesting information to be gathered about a given product/market (just
    watch the likes!)
8
Leveraging LinkedIn

for market research and beyond




                                 9
Build your own professional brand
• Complete your profile
   – Way to find and be found
   – On LinkedIn
       • People search
       • Recruiter search
       • Recommendation products
   – Off LinkedIn
       • Search engines
       • Content sharing
   – Key for all our recommendation based products (e.g. people you may know,
     groups you may like, jobs you may be interested in)



                                                                                10
Build your own professional brand
• Connect with colleagues and professionals you know
   – Way to increase your network and hence the network effect
   – Use your connections to get introductions to prospective customers and hires
       • Avoid cold calling/emailing your customers

• Know what your connections are sharing and doing via
   – LinkedIn today
   – Weekly summary emails
   – Status updates




                                                                                11
Connect with your customers
• Use LinkedIn groups
   – Way to learn about an area and interact with experts
   – Way to showcase your talent and expertise
   – Create new groups, use LinkedIn polls to get a pulse on a given topic
• Showcase your products on company pages
   – Way to get the word out about a new launch
   – Get a pulse on how customers feel about your product
• Use premium services like Ads and recruiter
   – Target your products and services to specific demographics
   – Showcase your jobs and attract premium talent



                                                                             12
Market Research - LinkedIn
Qualitative and Quantitative Research




14
Cisco uses LinkedIn
• Cisco sent 140k inMails containing a Video Ad promoting the
  human network campaign, a first of its kind
    – The campaign resulted in a huge increase in the number of people interacting
      with cisco’s Linkedin company page
• In general Cisco is very active on all social media and uses LinkedIn
  for
    – Monitoring and contributing to relevant technology/business/cisco groups on LinkedIn
      to keep a pulse on their market
    – Polling specific audiences on topics to help with their marketing campaigns and
      customer service
    – Promoting products and services on LinkedIn company pages




                                                                                             15
How does LinkedIn improve its own products?

• In addition to traditional techniques, use social media to keep a
  pulse
    –   LinkedIn product groups (e.g. LinkedIn groups product forum)
    –   LinkedIn company page, polls
    –   Twitter, Facebook and customer support channels

• Another big part is product analytics (i.e. build analytics support
  into the product from day 1)
    – Bucket test new features to get feedback, determine usage patterns, performance etc.
    – Continuously collect and analyze data about product usage
    – Provide analytics based products to directly to our users (e.g. people you may know)




                                                                                             16
Summary
• Get social
   – Its big!, Its global and its here to stay
   – Will help you and your company
   – One of the better ways to do market research and get instant feedback no
     matter where you are
   – Use all the social channels relevant to you
• Build analytics support into your product
   – Would be the best thing you ever did!
   – Doesn’t matter if it is an Internet or Enterprise product
   – Technology like Hadoop now readily available for analysis and insights
• Customer proximity isn’t as essential if you have the above


                                                                                17

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Using LinkedIn for Product Management

  • 1. Market Research and Social Media Ganesh Krishnan Head – LinkedIn India Tech Center 1
  • 2. a little about myself • MS, Computer Science from Purdue University • Worked at various companies (Intel, Securify, Yahoo, LinkedIn ..) over the last 15 years in Engineering, consulting, product and security . • Now here setting up the LinkedIn India tech center, the first of its kind outside mountain view. 2
  • 3. Social Web is big and without borders
  • 4. Market Research then .. Lead User In-depth Analysis Interviews Observation/ Sales Ethnography Focus Calls Groups Usability RFPs Studies Advisory Boards Customer Surveys Service - Mail Customer Support/ Comment - Internet Maintenance Cards Win-Loss Reactive Proactive
  • 5. Market Research now .. Lead User In-depth Analysis Interviews Observation/ Sales Ethnography Focus Calls Groups Usability RFPs Studies Advisory Boards Social Media Customer Surveys Service - Mail Customer Support/ Comment - Internet Maintenance Cards Win-Loss Reactive Proactive
  • 6. Market Research++ Lead User In-depth Analysis Interviews Observation/ Sales Ethnography Focus Calls Groups Usability RFPs Studies Advisory Boards Product Analytics Social Media Customer Surveys Service - Mail Customer Support/ Comment - Internet Maintenance Cards Win-Loss Reactive Proactive
  • 7. Social Media • Continuous Conversations • Sharing of Ideas and Opinion • Viral propagation and truly borderless • Instant Access • Technology Enabled • Discontinuous engagement with multiple stakeholders • Find influencers 7
  • 8. Facebook People on Facebook • More than 800 million active users • More than 50% of our active users log on to Facebook in any given day • Average user has 130 friends Activity on Facebook • More than 900 million objects that people interact with (pages, groups, events and community pages) • Average user is connected to 80 community pages, groups and events Global Reach • More than 70 languages available on the site • More than 75% of users are outside of the United States Platform • On average, people on Facebook install apps more than 20 million times every day • Every month, more than 500 million people use an app on Facebook or experience Facebook Platform on other websites • More than 7 million apps and websites are integrated with Facebook => Lots of interesting information to be gathered about a given product/market (just watch the likes!) 8
  • 9. Leveraging LinkedIn for market research and beyond 9
  • 10. Build your own professional brand • Complete your profile – Way to find and be found – On LinkedIn • People search • Recruiter search • Recommendation products – Off LinkedIn • Search engines • Content sharing – Key for all our recommendation based products (e.g. people you may know, groups you may like, jobs you may be interested in) 10
  • 11. Build your own professional brand • Connect with colleagues and professionals you know – Way to increase your network and hence the network effect – Use your connections to get introductions to prospective customers and hires • Avoid cold calling/emailing your customers • Know what your connections are sharing and doing via – LinkedIn today – Weekly summary emails – Status updates 11
  • 12. Connect with your customers • Use LinkedIn groups – Way to learn about an area and interact with experts – Way to showcase your talent and expertise – Create new groups, use LinkedIn polls to get a pulse on a given topic • Showcase your products on company pages – Way to get the word out about a new launch – Get a pulse on how customers feel about your product • Use premium services like Ads and recruiter – Target your products and services to specific demographics – Showcase your jobs and attract premium talent 12
  • 13. Market Research - LinkedIn
  • 15. Cisco uses LinkedIn • Cisco sent 140k inMails containing a Video Ad promoting the human network campaign, a first of its kind – The campaign resulted in a huge increase in the number of people interacting with cisco’s Linkedin company page • In general Cisco is very active on all social media and uses LinkedIn for – Monitoring and contributing to relevant technology/business/cisco groups on LinkedIn to keep a pulse on their market – Polling specific audiences on topics to help with their marketing campaigns and customer service – Promoting products and services on LinkedIn company pages 15
  • 16. How does LinkedIn improve its own products? • In addition to traditional techniques, use social media to keep a pulse – LinkedIn product groups (e.g. LinkedIn groups product forum) – LinkedIn company page, polls – Twitter, Facebook and customer support channels • Another big part is product analytics (i.e. build analytics support into the product from day 1) – Bucket test new features to get feedback, determine usage patterns, performance etc. – Continuously collect and analyze data about product usage – Provide analytics based products to directly to our users (e.g. people you may know) 16
  • 17. Summary • Get social – Its big!, Its global and its here to stay – Will help you and your company – One of the better ways to do market research and get instant feedback no matter where you are – Use all the social channels relevant to you • Build analytics support into your product – Would be the best thing you ever did! – Doesn’t matter if it is an Internet or Enterprise product – Technology like Hadoop now readily available for analysis and insights • Customer proximity isn’t as essential if you have the above 17