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Marketing in The Facebook Era Preparing for a New Kind of Customer Relationship Clara Shih CEO of Hearsay and Author of The Facebook Era July 7, 2010
Follow along #OMSBOS @clarashih http://facebook.com/thefacebookera
Who am I? Featured in the New York Times Used as textbook at Harvard Business School http://tinyurl.com/facebookera2
Welcome to The Facebook Era facebook 475M users 22B minutes a day linkedin & twitter 50M each
Facebook is global and mainstream
Social media is a top focus for business 73.5% of companies consider social media a top priority for 2010. —CMO Survey, February 2010
Today Psychology of Facebook 5 Business Use Cases Q&A
the psychology of facebook
Facebook has become the template for our online identity
Facebook Open Graph extends identity across the Web
Meanwhile, user expectations have changed
People trust friends most
Facebook and Twitter are radically new modes of communication
5 exciting business use cases
1. Listening… and social crowdsourced customer service
2. Hypertargeted , social marketing
3. Replacing your (small business) website
4. You can even order pizza on Facebook!
5. Social relationship marketing & CRM Hearsay – 2010 Social Marketing CRM that is actually about customers Faceconnector – 2007 First business application on Facebook (developed by Todd Perry and me) Try Hearsay free for 30 days http://hearsaylabs.com/summer
Thank you Clara Shih CEO, Hearsay Labs clara@hearsaylabs.com http://hearsaylabs.com/summer Featured in NY Times Used as textbook at HBS
Protecting privacy
Evolving our metrics Social CLV =CLVold +  Word-of-mouth referrals +  Customer support cost savings +  Sales resulting from idea contributions

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