SlideShare a Scribd company logo
Social Media’s Impact on ROI August 22, 2011
Social Media is Still a Frontier
3 Stages of the Social Media      ROI Cycle http://www.slideshare.net/colleencar/increasing-social-media-roi-using-gladwells-tipping-point-framework-4539106
Stage 1: Launch 50% of businesses http://www.slideshare.net/colleencar/increasing-social-media-roi-using-gladwells-tipping-point-framework-4539106
Stage 2: Management 40% of businesses http://www.slideshare.net/colleencar/increasing-social-media-roi-using-gladwells-tipping-point-framework-4539106
Stage 3: Optimization 10% of businesses http://www.slideshare.net/colleencar/increasing-social-media-roi-using-gladwells-tipping-point-framework-4539106
Adopting Social Media Strategies Measuring ROI Fully Developed Strategy Have a Social Media Policy Social Media Championed by Highest Leadership At Least One Full-Time Employee Dedicated To Social-Media Strategy Heidi Cohen  |  April 18, 2011  http://www.clickz.com/clickz/column/2043696/forget-social-media-roi
The Investment-Return Relationship $$$ $$$ Measure ROI here Stefanos Karagos Mar 2011, Explain  http://www.slideshare.net/karagos/social-media-is-dead-long-live-social-media-roi
There Are Many Qualitative Benefits Loyalty Trust Passion Interaction Brand Awareness But…how do they impact the bottom line???
Don’t think of Social Media as a Tactic Jay Baer 2010, convince and Convert  http://www.slideshare.net/jaybaer/5-ways-to-integrate-social-media-in-your-marketing
Think of Social Media as an Integrated Ingredient  Channels Search Social Media Jay Baer 2010, convince and Convert  http://www.slideshare.net/jaybaer/5-ways-to-integrate-social-media-in-your-marketing
relationships
Must Be Organizationally in DNA
Integrate Social Media into Your Cultural DNA
A Little History… 2000 to 2010 15 1990 to 1999
Social Media Today Publish Publish Share MMO Social Apps / Games Discuss Social Media Virtual Worlds Social Net-works Live Cast Micro-blog Like Stream
Traditional vs Internet Outbound Marketing Inbound Marketing 17
Buyers Have Many Filters 18
Because… 76% of people think advertisers LIE
Most Trusted Advertising Recommendations from “friends” Other people’s opinions online Company websites Editorial content  Brand Sponsorships
New Marketing Paradigm…a Mindset Shift 21 Relationship /  Engagement Content Strategy
Content Strategy 22
What is Content Marketing?http://en.wikipedia.org/wiki/Content_marketing Content marketing is an umbrella term encompassing all marketing formats that involve the creation or sharing of content for the purpose of engaging current and potential consumer bases. Content marketing subscribes to the notion that delivering high-quality, relevant and valuable information to prospects and customers drives profitable consumer action. Content marketing has benefits in terms of retaining reader attention and improving brand loyalty.[1] 23
What is Content Marketing? 24
What is Content Marketing? 25
It is Your Foundation
What Is Content Sharing? Wrong kind of lettuce…
It Is How Your Content Reach Spreads Across the Web
Life Cycle of a Content / Social Media Event  http://www.findandconvert.com/blog/2011/11-sales-attributes-of-a-linkedin-company-page/
And Why an Organized Social Media Strategy is Important…http://www.findandconvert.com/blog/2011/11-sales-attributes-of-a-linkedin-company-page/ Unfortunately, as much as 50% of Twitter traffic is still not measureable  and is in direct Over 19% of traffic from social media
Facebook twitter Tumblr blog Flickr YouTube LinkedIn FourSquare
Focus on the audience
Your Content’s Purpose…
Understand Your Target Audience Focus  your content on “them”
Indentify their Wants and Needs
15 Step Plan
39   1. Identify the “personas” of your target audience.
2. Identify the sources of content in your organization. 40
3. Develop content that speaks to the pain points of each of your target personas. 41
4. Develop content for each stage of your customer’s lifecycle. 42
43 5. Create an editorial calendar of your content plan.
44 6. Assign content production responsibilities to as many people as possible. Editorial Customer Service Marketing Sales
7. Marketing department is traffic coordinator, not producer of all content. 45
8. Develop a diversified portfolio of content across different media and formats. 46
9. Leverage social media as communication and engagement channels for your content. 47
10. Define many success metrics and measure them to gauge impact of your content strategy. 48
11. C Level support is a must for resource allocation & alignment on success metrics. 49
12. Produce content that has a measurable impact on sales to gain sales support. 50
13. Focus on educational content, not on sales-centric content. 51
14. Be willing to experiment with content. 52
15. Study content marketing in and outside your industry for new ideas.  53
Skills Needed? SME Listening Writing Story-telling Authentic Responsive Analytical 54
Define Relevant Success Metrics Quantitative  Sales New leads New qualified subscribers Reach Qualitative  Sentiment Loyalty Authority Interaction Feedback
Reaching Your Audience
Content Platforms Search
Kinaxis 58
Kinaxis 59
Kinaxis 60
Kinaxis 61
Kinaxis 62
Kinaxis 63
Indium Corp. 64
Be A Magnet 65
More conversation… Bernie Borges bernie@findandconvert.com 727-234-0952 ext. 1001 Websites: 					                      http://www.findandconvert.com http://www.bernieborges.com Blogs:            http://www.findandconvert.com/blog http://www.bernieborges.com/blog Twitter: http://twitter.com/berniebay LinkedIn: 					  http://www.linkedin.com/in/bernieborges Marketing 2.0 http://www.amazon.com/exec/obidos/ASIN/1604942886

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The ROI of Social Media

  • 1. Social Media’s Impact on ROI August 22, 2011
  • 2. Social Media is Still a Frontier
  • 3. 3 Stages of the Social Media ROI Cycle http://www.slideshare.net/colleencar/increasing-social-media-roi-using-gladwells-tipping-point-framework-4539106
  • 4. Stage 1: Launch 50% of businesses http://www.slideshare.net/colleencar/increasing-social-media-roi-using-gladwells-tipping-point-framework-4539106
  • 5. Stage 2: Management 40% of businesses http://www.slideshare.net/colleencar/increasing-social-media-roi-using-gladwells-tipping-point-framework-4539106
  • 6. Stage 3: Optimization 10% of businesses http://www.slideshare.net/colleencar/increasing-social-media-roi-using-gladwells-tipping-point-framework-4539106
  • 7. Adopting Social Media Strategies Measuring ROI Fully Developed Strategy Have a Social Media Policy Social Media Championed by Highest Leadership At Least One Full-Time Employee Dedicated To Social-Media Strategy Heidi Cohen  |  April 18, 2011 http://www.clickz.com/clickz/column/2043696/forget-social-media-roi
  • 8. The Investment-Return Relationship $$$ $$$ Measure ROI here Stefanos Karagos Mar 2011, Explain http://www.slideshare.net/karagos/social-media-is-dead-long-live-social-media-roi
  • 9. There Are Many Qualitative Benefits Loyalty Trust Passion Interaction Brand Awareness But…how do they impact the bottom line???
  • 10. Don’t think of Social Media as a Tactic Jay Baer 2010, convince and Convert http://www.slideshare.net/jaybaer/5-ways-to-integrate-social-media-in-your-marketing
  • 11. Think of Social Media as an Integrated Ingredient Channels Search Social Media Jay Baer 2010, convince and Convert http://www.slideshare.net/jaybaer/5-ways-to-integrate-social-media-in-your-marketing
  • 14. Integrate Social Media into Your Cultural DNA
  • 15. A Little History… 2000 to 2010 15 1990 to 1999
  • 16. Social Media Today Publish Publish Share MMO Social Apps / Games Discuss Social Media Virtual Worlds Social Net-works Live Cast Micro-blog Like Stream
  • 17. Traditional vs Internet Outbound Marketing Inbound Marketing 17
  • 18. Buyers Have Many Filters 18
  • 19. Because… 76% of people think advertisers LIE
  • 20. Most Trusted Advertising Recommendations from “friends” Other people’s opinions online Company websites Editorial content Brand Sponsorships
  • 21. New Marketing Paradigm…a Mindset Shift 21 Relationship / Engagement Content Strategy
  • 23. What is Content Marketing?http://en.wikipedia.org/wiki/Content_marketing Content marketing is an umbrella term encompassing all marketing formats that involve the creation or sharing of content for the purpose of engaging current and potential consumer bases. Content marketing subscribes to the notion that delivering high-quality, relevant and valuable information to prospects and customers drives profitable consumer action. Content marketing has benefits in terms of retaining reader attention and improving brand loyalty.[1] 23
  • 24. What is Content Marketing? 24
  • 25. What is Content Marketing? 25
  • 26. It is Your Foundation
  • 27. What Is Content Sharing? Wrong kind of lettuce…
  • 28. It Is How Your Content Reach Spreads Across the Web
  • 29. Life Cycle of a Content / Social Media Event http://www.findandconvert.com/blog/2011/11-sales-attributes-of-a-linkedin-company-page/
  • 30. And Why an Organized Social Media Strategy is Important…http://www.findandconvert.com/blog/2011/11-sales-attributes-of-a-linkedin-company-page/ Unfortunately, as much as 50% of Twitter traffic is still not measureable  and is in direct Over 19% of traffic from social media
  • 31. Facebook twitter Tumblr blog Flickr YouTube LinkedIn FourSquare
  • 32. Focus on the audience
  • 34. Understand Your Target Audience Focus your content on “them”
  • 35.
  • 37.
  • 39. 39 1. Identify the “personas” of your target audience.
  • 40. 2. Identify the sources of content in your organization. 40
  • 41. 3. Develop content that speaks to the pain points of each of your target personas. 41
  • 42. 4. Develop content for each stage of your customer’s lifecycle. 42
  • 43. 43 5. Create an editorial calendar of your content plan.
  • 44. 44 6. Assign content production responsibilities to as many people as possible. Editorial Customer Service Marketing Sales
  • 45. 7. Marketing department is traffic coordinator, not producer of all content. 45
  • 46. 8. Develop a diversified portfolio of content across different media and formats. 46
  • 47. 9. Leverage social media as communication and engagement channels for your content. 47
  • 48. 10. Define many success metrics and measure them to gauge impact of your content strategy. 48
  • 49. 11. C Level support is a must for resource allocation & alignment on success metrics. 49
  • 50. 12. Produce content that has a measurable impact on sales to gain sales support. 50
  • 51. 13. Focus on educational content, not on sales-centric content. 51
  • 52. 14. Be willing to experiment with content. 52
  • 53. 15. Study content marketing in and outside your industry for new ideas. 53
  • 54. Skills Needed? SME Listening Writing Story-telling Authentic Responsive Analytical 54
  • 55. Define Relevant Success Metrics Quantitative Sales New leads New qualified subscribers Reach Qualitative Sentiment Loyalty Authority Interaction Feedback
  • 66. More conversation… Bernie Borges bernie@findandconvert.com 727-234-0952 ext. 1001 Websites: http://www.findandconvert.com http://www.bernieborges.com Blogs: http://www.findandconvert.com/blog http://www.bernieborges.com/blog Twitter: http://twitter.com/berniebay LinkedIn: http://www.linkedin.com/in/bernieborges Marketing 2.0 http://www.amazon.com/exec/obidos/ASIN/1604942886

Editor's Notes

  1. http://mashable.com/2011/03/03/social-media-roi-cycle/
  2. http://www.clickz.com/clickz/column/2043696/forget-social-media-roi
  3. Traditional marketing venue
  4. Traditional Marketing Venues
  5. http://www.amazon.com/exec/obidos/ASIN/1604942886http://www.wheatmark.com/merchant2/merchant.mvc?Screen=PROD&Store_Code=BS&Product_Code=9781604942880