Social media business
    beyond 2010
      jesperastrom.com




                         jesperastrom.com
Who is successful
        today?
• Companies that utilize the long tail and
  user generated content to increase sales
  incentives and segmentation
• People who use social media to
  communicate
• Brands are dominant the dominant player -
  both for companies as well as for people -
  company brands and people brands

                                             jesperastrom.com
Problems companies
   are facing today?

• Organizational and internal
• Technical
• Also a problem of perspective

                                  jesperastrom.com
What is business
        online?

• Sales
• When you think sales you think conversion
• Conversion is a purchase event of a
  product of some kind



                                       jesperastrom.com
Social media conversion
      doesn’t work this way!

•   The user is not a searcher, she is a browser

•   You cannot sell effectively to a browser - banners
    have proven this time and time again

•   In order to be successful you will have to divide
    your sales process into levels where you develop a
    customer relationship over time



                                                   jesperastrom.com
Value Ladder
                                       Returning
                            Customer               Investment
                                                        in
                                                      Time

                     Lead                              or
                                                     Money


          Prospect
Suspect



                 Customer Value
Before you do this however you have to
     be prepared to do two things




                                   jesperastrom.com
General rules of
           success
• Be honest in what you do
 •   Don’t do things you don’t have time to do

 •   Don’t try to bend the truth, but tell it as it is


• Never break a promise
 •   If you said you would be there, then be there

 •   If you build a product, then let it be that product




                                                           jesperastrom.com
Most of you are not even there yet.




                                  jesperastrom.com
What will happen in
the coming years?



                  jesperastrom.com
Three things

• Emergence of Agent/Broker societies
• Education & Hiring
• The data driven web

                                        jesperastrom.com
1. Agent/brokers
• Everyone is producing content today
• Few or none are earning any money
• This is not durable
• What the web needs is social commerce
• Emerge: Independent agents and brokers
  selling real stuff produced by people

                                          jesperastrom.com
1. Agent/brokers
•   Why do I say this?

•   The price of eCommerce is drastically decreasing

•   Payment solutions are becoming well known,
    trusted and virtually free to use

•   What you need is supply and entrepreneurs

•   Both of these groups are getting it!! So it is just a
    matter of time


                                                      jesperastrom.com
1. Agent/brokers

•   What’s your opportunity?

•   Give your products legs - split them into smaller
    components

•   Co-brand your brand with people - not with a
    store



                                                   jesperastrom.com
2. Education & Hiring
• The web is becoming language independent
• This gives access to a lot of knowledge
• The price of knowledge goes down
• The price of creativity goes up
• How do we educate and hire creative
  people?

                                      jesperastrom.com
2. Education & Hiring

• What is your opportunity?
• Do not pay for knowledge, pay for
  creativity and solutions.
• You can have a specialist at every single
  position of your company without prices
  sky rocketing


                                              jesperastrom.com
3. Data driven web

•   What is the data driven web?

•   Today we have documents that we give a specific
    URL so that people can find them online

•   The data driven web makes all of the words in
    your document linked to related data that
    describes them

•   Complicated -- YES!!

                                                    jesperastrom.com
3. Data driven web

•   Example:

•   You want to find all the restaurants in a city that is
    liked by people who have similar taste as you

•   Components
    •   City

    •   Liked restaurants

    •   Similar tastes


                                                    jesperastrom.com
3. Data driven web

• Today we have a web consisting of content,
  people and the links between them
• Tomorrow we will have a web that consist
  of people, content and the data that relates
  them to each other



                                          jesperastrom.com
3. Data driven web

• What’s the opportunity?
• What would you use all available
  information in the world to create?
• Again -- Creativity...

                                        jesperastrom.com
3. Data driven web

     jesperastrom.com
       @jesperastrom

Online Business Trends beyond 2010

  • 1.
    Social media business beyond 2010 jesperastrom.com jesperastrom.com
  • 2.
    Who is successful today? • Companies that utilize the long tail and user generated content to increase sales incentives and segmentation • People who use social media to communicate • Brands are dominant the dominant player - both for companies as well as for people - company brands and people brands jesperastrom.com
  • 3.
    Problems companies are facing today? • Organizational and internal • Technical • Also a problem of perspective jesperastrom.com
  • 4.
    What is business online? • Sales • When you think sales you think conversion • Conversion is a purchase event of a product of some kind jesperastrom.com
  • 5.
    Social media conversion doesn’t work this way! • The user is not a searcher, she is a browser • You cannot sell effectively to a browser - banners have proven this time and time again • In order to be successful you will have to divide your sales process into levels where you develop a customer relationship over time jesperastrom.com
  • 6.
    Value Ladder Returning Customer Investment in Time Lead or Money Prospect Suspect Customer Value
  • 7.
    Before you dothis however you have to be prepared to do two things jesperastrom.com
  • 8.
    General rules of success • Be honest in what you do • Don’t do things you don’t have time to do • Don’t try to bend the truth, but tell it as it is • Never break a promise • If you said you would be there, then be there • If you build a product, then let it be that product jesperastrom.com
  • 9.
    Most of youare not even there yet. jesperastrom.com
  • 10.
    What will happenin the coming years? jesperastrom.com
  • 11.
    Three things • Emergenceof Agent/Broker societies • Education & Hiring • The data driven web jesperastrom.com
  • 12.
    1. Agent/brokers • Everyoneis producing content today • Few or none are earning any money • This is not durable • What the web needs is social commerce • Emerge: Independent agents and brokers selling real stuff produced by people jesperastrom.com
  • 13.
    1. Agent/brokers • Why do I say this? • The price of eCommerce is drastically decreasing • Payment solutions are becoming well known, trusted and virtually free to use • What you need is supply and entrepreneurs • Both of these groups are getting it!! So it is just a matter of time jesperastrom.com
  • 14.
    1. Agent/brokers • What’s your opportunity? • Give your products legs - split them into smaller components • Co-brand your brand with people - not with a store jesperastrom.com
  • 15.
    2. Education &Hiring • The web is becoming language independent • This gives access to a lot of knowledge • The price of knowledge goes down • The price of creativity goes up • How do we educate and hire creative people? jesperastrom.com
  • 16.
    2. Education &Hiring • What is your opportunity? • Do not pay for knowledge, pay for creativity and solutions. • You can have a specialist at every single position of your company without prices sky rocketing jesperastrom.com
  • 17.
    3. Data drivenweb • What is the data driven web? • Today we have documents that we give a specific URL so that people can find them online • The data driven web makes all of the words in your document linked to related data that describes them • Complicated -- YES!! jesperastrom.com
  • 18.
    3. Data drivenweb • Example: • You want to find all the restaurants in a city that is liked by people who have similar taste as you • Components • City • Liked restaurants • Similar tastes jesperastrom.com
  • 19.
    3. Data drivenweb • Today we have a web consisting of content, people and the links between them • Tomorrow we will have a web that consist of people, content and the data that relates them to each other jesperastrom.com
  • 20.
    3. Data drivenweb • What’s the opportunity? • What would you use all available information in the world to create? • Again -- Creativity... jesperastrom.com
  • 21.
    3. Data drivenweb jesperastrom.com @jesperastrom