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Building Brand Value
Through Social Media




© 2009 Bloomberg Marketing/Diva Maarketing   9-25-09
Toby Bloomberg: My Life In Social Media

I
Today You’ve Heard About …
What is a brand?


A brand is what represents a company, product, and/or service in the marketplace.
 It's a shortcut that enables prospective customers to understand more rapidly and
                    readily trust what you're selling. - Steve McKee
        A brand is a promise that delivers on consumer expectations.
             It says to the consumer, if you do business with me,
                 here's what you can expect. - John Costello.

 A brand is the commercialized value of the trust between a customer and a
 company. - Pete Sealey


         Your brand is the genuine "personality" of your company.
            It's what your customers think of you and say about
          you when they've left your company," Rodger Roeser,,
What is branding?
Find the simple story in the product, and present it in an
 articulate and intelligent, persuasive way. - Bill Bernbach


                    BE DifFerent
               What is your response?

   "Our brand is the only _____ that ______."

   Caution! Can reality can sustain your claims?
Why

    Brand power can account for as much as 10%
      of the change in a company's stock price.

     At the 2004 World Economic Forum, 59%
       of top executives said brand represents
 more than 40% of a company's market capitalization.
                                           BusinessWeek



        A positive impression of the brand
       would protect the brand from damage.
                                           Richard Ford
Customer
                 Product/Service
                                      Delivery Channels Perception
          Ads        Warranty                                    Consistency
                                                Store location
     Media Placement                                         Billing Statement
      Customer Care         Brand              Advertising

                         Proposition/                         Community
                                               Promotions     Involvement
 Company Culture            Value
Website         Values                         Employee Interface
          Receptionist


   Social Media
                            Price     Employee Attitude      Sponsorships

      eMail      Language
                             Trucks       Graphic Look & Feel
A New Value
 Proposition



          To Define
Building Brand Value
Through Social Media
Perception May Influence Purchase Decision




                                  Megite
Managing A Brand In
    The Social Media World
       Is Like _________________.
Christmas. You can make a list but you could get socks. - @andreamoe

Trying to manage curly, freezy hair in Atlanta. - meghab
Juggling chainsaws - @jeremyporter    Managing an army - @benag

Trying to control your mother-in-law - @appsolutegenices
Trying to manage my 8 year old daughter’s slumber party. @60secondturner
 Herding cats - @iamtherealnick and mikele130
 A wrestling match - @atlmarketing
Remembering to Think before you open your pieholder. - @michelekersey
The Challenge
 …do it in a way that’s
          not over branding.
                      Emmanuel Brown , Nike

                             But is …

                             Authentic

                             Honest

                             Transparent

                             People First
Social Media Brand Stakeholders

                Company              Customers

                            Social
                            Media



                          Employees

Strategic Questions
             How do you keep the brand promise?
   How do you “collaborate” with stakeholders to grow the brand?
       Which tactics serve the brand most effectively?
Company                                                    Customers
  E
                                        Lionel
  X                                     Menchaca
  C         Connie Benson               - Dell
  H         - Techrigy
  A
  N          Richard                        FrankEliason
             Binhammer                      - Comcast
  G          - Dell
  E
  S                         Employees
Exchanges & Responsibilities
COMPANY



Company




    We cultivate a culture of the rebel and celebrate those who go off
    and do what some say can't be done. Nike CFO Don W. Blair
EMPLOYEES




Videos With An Edge


       Combining rich content with great people and great products
Citizen Philanthropy



                                                         /Donors




Our vision is of a nation where students in
every community have the resources they need to learn.
2 Financial Institutions: Brand Images




leading financial company with a legendary       commitment to developing meaningful
reputation for strength and stability that can   product offerings and a high level of
offer you more convenience and resources         service tailored to the needs of
to help you reach your financial goals.          small businesses
Tweets




         Tweets
10 Guide Posts to
            Social Media Brand Value

 1.    Understand the brand strategy including: brand
       values, promise and overall direction
      • Does the value proposition of your social media
          strategy support your brand value/promise?
 2.    Understand more than the demos about your target
       audience
 3.    Develop a communication system that loops
       employees into brand strategies
 4.    Understand the company culture before you venture
       into social media
 5.    Provide tactical support as needed to employees
       who engage with customers
10 Guide Posts to
            Social Media Brand Value
 6.  Develop a 1st Listening Post program
 7.  Create/ensure communication processes are in place
     to provide feedback within organization and to the
     customer
 8. Identify what is success for each tactic
    • Based on business goals and objectives
    • Based on the social media outputs – may be
        different that traditional measurements
 9. Create flexible social media guidelines for employees
 10. Create flexible social media guidelines for customers
Building Brand Value
  Through Social Media

                 Customers

Company


                        Employees
Forget your perfect offering
     There is a crack, a crack in everything
           That's how the light gets in.

                                  Leonard Cohen
Toss of a pink boa




 From Diva Marketing To You!
     www.divamarketingblog.com
      toby@bloombergmarketing.com
               @Tobydiva

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Building Brand Value Through Social Media

  • 1. Building Brand Value Through Social Media © 2009 Bloomberg Marketing/Diva Maarketing 9-25-09
  • 2. Toby Bloomberg: My Life In Social Media I
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  • 8. What is a brand? A brand is what represents a company, product, and/or service in the marketplace. It's a shortcut that enables prospective customers to understand more rapidly and readily trust what you're selling. - Steve McKee A brand is a promise that delivers on consumer expectations. It says to the consumer, if you do business with me, here's what you can expect. - John Costello. A brand is the commercialized value of the trust between a customer and a company. - Pete Sealey Your brand is the genuine "personality" of your company. It's what your customers think of you and say about you when they've left your company," Rodger Roeser,,
  • 9. What is branding? Find the simple story in the product, and present it in an articulate and intelligent, persuasive way. - Bill Bernbach BE DifFerent What is your response? "Our brand is the only _____ that ______." Caution! Can reality can sustain your claims?
  • 10. Why Brand power can account for as much as 10% of the change in a company's stock price. At the 2004 World Economic Forum, 59% of top executives said brand represents more than 40% of a company's market capitalization. BusinessWeek A positive impression of the brand would protect the brand from damage. Richard Ford
  • 11. Customer Product/Service Delivery Channels Perception Ads Warranty Consistency Store location Media Placement Billing Statement Customer Care Brand Advertising Proposition/ Community Promotions Involvement Company Culture Value Website Values Employee Interface Receptionist Social Media Price Employee Attitude Sponsorships eMail Language Trucks Graphic Look & Feel
  • 12. A New Value Proposition To Define
  • 14. Perception May Influence Purchase Decision Megite
  • 15. Managing A Brand In The Social Media World Is Like _________________. Christmas. You can make a list but you could get socks. - @andreamoe Trying to manage curly, freezy hair in Atlanta. - meghab Juggling chainsaws - @jeremyporter Managing an army - @benag Trying to control your mother-in-law - @appsolutegenices Trying to manage my 8 year old daughter’s slumber party. @60secondturner Herding cats - @iamtherealnick and mikele130 A wrestling match - @atlmarketing Remembering to Think before you open your pieholder. - @michelekersey
  • 16. The Challenge …do it in a way that’s not over branding. Emmanuel Brown , Nike But is … Authentic Honest Transparent People First
  • 17. Social Media Brand Stakeholders Company Customers Social Media Employees Strategic Questions How do you keep the brand promise? How do you “collaborate” with stakeholders to grow the brand? Which tactics serve the brand most effectively?
  • 18. Company Customers E Lionel X Menchaca C Connie Benson - Dell H - Techrigy A N Richard FrankEliason Binhammer - Comcast G - Dell E S Employees Exchanges & Responsibilities
  • 19. COMPANY Company We cultivate a culture of the rebel and celebrate those who go off and do what some say can't be done. Nike CFO Don W. Blair
  • 20. EMPLOYEES Videos With An Edge Combining rich content with great people and great products
  • 21. Citizen Philanthropy /Donors Our vision is of a nation where students in every community have the resources they need to learn.
  • 22. 2 Financial Institutions: Brand Images leading financial company with a legendary commitment to developing meaningful reputation for strength and stability that can product offerings and a high level of offer you more convenience and resources service tailored to the needs of to help you reach your financial goals. small businesses
  • 23. Tweets Tweets
  • 24. 10 Guide Posts to Social Media Brand Value 1. Understand the brand strategy including: brand values, promise and overall direction • Does the value proposition of your social media strategy support your brand value/promise? 2. Understand more than the demos about your target audience 3. Develop a communication system that loops employees into brand strategies 4. Understand the company culture before you venture into social media 5. Provide tactical support as needed to employees who engage with customers
  • 25. 10 Guide Posts to Social Media Brand Value 6. Develop a 1st Listening Post program 7. Create/ensure communication processes are in place to provide feedback within organization and to the customer 8. Identify what is success for each tactic • Based on business goals and objectives • Based on the social media outputs – may be different that traditional measurements 9. Create flexible social media guidelines for employees 10. Create flexible social media guidelines for customers
  • 26. Building Brand Value Through Social Media Customers Company Employees
  • 27. Forget your perfect offering There is a crack, a crack in everything That's how the light gets in. Leonard Cohen
  • 28. Toss of a pink boa From Diva Marketing To You! www.divamarketingblog.com toby@bloombergmarketing.com @Tobydiva