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Social Media,
   my Business and I
Internet Marketing for Entrepreneurs




                                 Lecture @
            Enterprise Development Center,
                      Pan African University
                                  7/05/2011
                                     Adeola Kayode
                                           @delola
                              www.adeolakayode.com
“Copyleft”
All wrongs reserved.


Among competitors in the
marketplace you need to think like a
chess player… every move counts.

Between a business and its
communication is a thin line;

I walk that line everyday.

                                       www.adeolakayode.com    deola.kayode

                                       fb.com/deola.kayode     @Delola

                                       deolakayode@gmail.com
Everyone is
talking about it ,
should I?
... and El-Rufai
tweeted!!
Technology has ensured
that everyone is a potential
journalist... They have the
power to impact people
and brands
The rules of the game has changed




      Welcome to the Word of
        Mouse generation
They are telling anyone
                                  who cares to listen about…
     EMPLOYEES
    COMPETITORS
     CUSTOMERS
     CONSUMERS
                                                           Exploitation
      CITIZENS
      CLIENTS…
…are quietly fighting back.
They now have the power to
influence their peers than ever
before.



                                                 and great product
                                                   (if you have one)
Online social media is
not more a distraction;

it has shifted the way
businesses communicate.
More and more companies
applicants are looking to look
to online job websites and
forums for recruitment …            JOBS!!!


                   jobs4naija.com




               Joblistnigeria.com
In a fashion uncharacteristic of
the Nigerian market, an online
job portal reportedly secured
venture funding. Gists say its
about $1 million.
It has given small
businesses the power
for MASSIVE results
George Wright the Vice
President (marketing) of
Blendtec, a company in Utah
decided built a campaign
about their cornerstone
product, Total Blender.




                 *(a high performance blender used in restaurants, coffee shops
                                                    and other commercial concerns).
The total cost of starting
was about $50 (being cost
of a lab coat, six-pack of
coke, a rake, and a domain
name). He got the CEO
and recorded him blending
unusual things and posted
the videos online.
The result was astonishing;
blending an iPhone was its most
popular video with 5.2 million
views on YouTube alone in the
first year ... media estimation of
the resultant effect is estimated at
$40 million.

     As of now,
        YouTube has 58 million views.
        Total Will it Blend views are 101 million.
        They have 150,000 subscribers.
        Sales have increased 7 times over since the campaign.
        The sales have grown in commercial products as well.
        Brand awareness has grown.
        Traditional media picks up on it without Blendtec paying
         (National TV, local media, blogs, Newspaper, you name it.)
Social Media
Social media is media designed to
be disseminated through social
interaction, created using highly
accessible and scalable publishing
techniques.

Blogs, micro-blogging, social
networking, video/file sharing,
wikis, social bookmarking,
community sites and more
Your website and social media

Your website should be the
central component of your
internet marketing strategy

If your website needs work,
best to sort this out first before
getting serious about social
media marketing.
Offline            Blog
                                 marketing /                            Twitter
                                  promos

                 Collateral /
                                                                                      Facebook
                 stationery




   Media releases                                                                                LinkedIn


                                 Your Website:
   Social                                                                                          Online video/
bookmarking
                                The Centerpoint                                                   Youtube channel



                                  of all virtual                                                 Content sharing
 Search engine
  optimisation
                                   activities                                                     sites – Flickr,
                                                                                                  Slideshare etc




        Search engine
        marketing (pay                                                                   Email Marketing
          per click)


                                                                            Email signature
                          Podcasts
                                                                               blocks
                                                            Online forums
                                               RSS
                                                                posts
Lead generation…


Drive traffic to your website or
landing page…the money is in
the list.
Number of                                     Number of
 telephone lines in                            telephone lines in
 2001…
 450,000                                      90.5
                                               2011…



                                             million

…Nigeria remains the fastest growing telecommunications market for phones in the world
Mobile Marketing has changed
Social Media is now a major
consideration in Brand
Strategy, Reputation
Management, Public Relations,
Marketing, Human Resource,
Advertising and Research
BRAND

         5,155    179,108 fans         2,036 Tweets       14 videos
                                       4,135 followers    13,083 views
        772,517   346,730 fans         6,391 Tweets       4 videos
                                       26,580 followers   2,749 views

         3,672    21,432 fans          15,365 tweets      938 videos
                                       28,171followers    99,222 views
        22,063    21,854(MTN Project   994 tweets         135 videos
                  fame)
                  17,192(MTN loaded)
                                       7,166 followers    169,252 views


         441      21,854 fans




                                        Honorable mention: Always – 120,165
Top 5 Nigerian                         ▀ Always
                                         110,843 followers
Brands on
Facebook
                                     ▀ GTBank
                                      173, 046 followers



                            ▀ MTN
                                 22550 followers




                 ▀ The BeatFM
                   323,396 followers


                 ▀ Samsung
                   22950 followers
Case Study: GTBank
As of today, GTBank is the
leading brand in social
media engagement in
Nigeria, and that is my
opinion. Any other ideas?

They were recently
recognized as the most
customer focused bank in
Nigeria (Corporate and
retail).*


       *(KPMG, Banking Industry Customer Satisfaction Survey, June 2010)
With service as a key
proposition, they have
succeeded in building
bridges using a variety of
means including social
media, in reaching their
target audience.
They have…




                                  GTBank Fan page on
  GTBank Interactive website.
                                Facebook – 94,453 fans
They have…




                      GTBank
     10 videos   On twitter - 1,259
     on              followers
They are…




     Only bank listed
                             One of the top     Owners of one of the few
    among the top 10
                            spenders in Print   multimedia magazines in
visited Nigerian websites
                              Advertising       Nigeria - GTBank E - zine
       by Nigerians
Rules of
Social Media
Engagement
Have a clear
Communication
Strategy
Develop a social media
policy for your
employees not snoop
around them.

… they still use it
anyway. Just turn them
into ambassadors.
Integrate traditional
and digital media.
Changing Consumer
psychographics will
demand you make
adjustments
Identify and profile your
potential customers
Don’t think
outside the box…



… there is no box!
Get Creative

Don’t just create products,
satisfy human needs in a
creative and comfortable way by
understanding how they we live.
Get
personal:
If your business is about
reaching out to people, then let
your brand be human.

Share, link, communicate
(extend customer service from
bored officers and
autoresponders)
Go join the conversation




If your target audience
are talking about you,
why not join the gist.
Go viral
    Get others to tell your
    story – give them
    something to talk about.




You can't just say it. You have to get
others to say it to other people
- James Foley, Group VP
  Global Marketing (FORD)
Relinquish
Ownership


Create opportunities
for customers to own
the brand
Measure and
Control
Learn.Unlearn.Relearn



In a rapidly changing world,
your ability to measure and
control your initiative will take
you far…
Your customers now have
less time to decide +
more choices to make
from.

They can even afford not
to see you to make a
buying decision
The way you respond to
these changes can
determine the future of
your brand.
Social media , my business and i

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Social media , my business and i

  • 1. Social Media, my Business and I Internet Marketing for Entrepreneurs Lecture @ Enterprise Development Center, Pan African University 7/05/2011 Adeola Kayode @delola www.adeolakayode.com
  • 2. “Copyleft” All wrongs reserved. Among competitors in the marketplace you need to think like a chess player… every move counts. Between a business and its communication is a thin line; I walk that line everyday. www.adeolakayode.com deola.kayode fb.com/deola.kayode @Delola deolakayode@gmail.com
  • 3. Everyone is talking about it , should I?
  • 5. Technology has ensured that everyone is a potential journalist... They have the power to impact people and brands
  • 6. The rules of the game has changed Welcome to the Word of Mouse generation
  • 7. They are telling anyone who cares to listen about… EMPLOYEES COMPETITORS CUSTOMERS CONSUMERS Exploitation CITIZENS CLIENTS… …are quietly fighting back. They now have the power to influence their peers than ever before. and great product (if you have one)
  • 8. Online social media is not more a distraction; it has shifted the way businesses communicate.
  • 9. More and more companies applicants are looking to look to online job websites and forums for recruitment … JOBS!!! jobs4naija.com Joblistnigeria.com
  • 10. In a fashion uncharacteristic of the Nigerian market, an online job portal reportedly secured venture funding. Gists say its about $1 million.
  • 11. It has given small businesses the power for MASSIVE results
  • 12. George Wright the Vice President (marketing) of Blendtec, a company in Utah decided built a campaign about their cornerstone product, Total Blender. *(a high performance blender used in restaurants, coffee shops and other commercial concerns).
  • 13. The total cost of starting was about $50 (being cost of a lab coat, six-pack of coke, a rake, and a domain name). He got the CEO and recorded him blending unusual things and posted the videos online.
  • 14. The result was astonishing; blending an iPhone was its most popular video with 5.2 million views on YouTube alone in the first year ... media estimation of the resultant effect is estimated at $40 million. As of now,  YouTube has 58 million views.  Total Will it Blend views are 101 million.  They have 150,000 subscribers.  Sales have increased 7 times over since the campaign.  The sales have grown in commercial products as well.  Brand awareness has grown.  Traditional media picks up on it without Blendtec paying (National TV, local media, blogs, Newspaper, you name it.)
  • 15. Social Media Social media is media designed to be disseminated through social interaction, created using highly accessible and scalable publishing techniques. Blogs, micro-blogging, social networking, video/file sharing, wikis, social bookmarking, community sites and more
  • 16. Your website and social media Your website should be the central component of your internet marketing strategy If your website needs work, best to sort this out first before getting serious about social media marketing.
  • 17. Offline Blog marketing / Twitter promos Collateral / Facebook stationery Media releases LinkedIn Your Website: Social Online video/ bookmarking The Centerpoint Youtube channel of all virtual Content sharing Search engine optimisation activities sites – Flickr, Slideshare etc Search engine marketing (pay Email Marketing per click) Email signature Podcasts blocks Online forums RSS posts
  • 18. Lead generation… Drive traffic to your website or landing page…the money is in the list.
  • 19. Number of Number of telephone lines in telephone lines in 2001… 450,000 90.5 2011… million …Nigeria remains the fastest growing telecommunications market for phones in the world
  • 21. Social Media is now a major consideration in Brand Strategy, Reputation Management, Public Relations, Marketing, Human Resource, Advertising and Research
  • 22. BRAND 5,155 179,108 fans 2,036 Tweets 14 videos 4,135 followers 13,083 views 772,517 346,730 fans 6,391 Tweets 4 videos 26,580 followers 2,749 views 3,672 21,432 fans 15,365 tweets 938 videos 28,171followers 99,222 views 22,063 21,854(MTN Project 994 tweets 135 videos fame) 17,192(MTN loaded) 7,166 followers 169,252 views 441 21,854 fans Honorable mention: Always – 120,165
  • 23. Top 5 Nigerian ▀ Always 110,843 followers Brands on Facebook ▀ GTBank 173, 046 followers ▀ MTN 22550 followers ▀ The BeatFM 323,396 followers ▀ Samsung 22950 followers
  • 25. As of today, GTBank is the leading brand in social media engagement in Nigeria, and that is my opinion. Any other ideas? They were recently recognized as the most customer focused bank in Nigeria (Corporate and retail).* *(KPMG, Banking Industry Customer Satisfaction Survey, June 2010)
  • 26. With service as a key proposition, they have succeeded in building bridges using a variety of means including social media, in reaching their target audience.
  • 27. They have… GTBank Fan page on GTBank Interactive website. Facebook – 94,453 fans
  • 28. They have… GTBank 10 videos On twitter - 1,259 on followers
  • 29. They are… Only bank listed One of the top Owners of one of the few among the top 10 spenders in Print multimedia magazines in visited Nigerian websites Advertising Nigeria - GTBank E - zine by Nigerians
  • 32. Develop a social media policy for your employees not snoop around them. … they still use it anyway. Just turn them into ambassadors.
  • 35. Identify and profile your potential customers
  • 36. Don’t think outside the box… … there is no box!
  • 37. Get Creative Don’t just create products, satisfy human needs in a creative and comfortable way by understanding how they we live.
  • 39. If your business is about reaching out to people, then let your brand be human. Share, link, communicate (extend customer service from bored officers and autoresponders)
  • 40. Go join the conversation If your target audience are talking about you, why not join the gist.
  • 41. Go viral Get others to tell your story – give them something to talk about. You can't just say it. You have to get others to say it to other people - James Foley, Group VP Global Marketing (FORD)
  • 44. Learn.Unlearn.Relearn In a rapidly changing world, your ability to measure and control your initiative will take you far…
  • 45. Your customers now have less time to decide + more choices to make from. They can even afford not to see you to make a buying decision
  • 46. The way you respond to these changes can determine the future of your brand.