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Social Media Who Gives a Tweet?. What is Social Media?. Content created by people using highly accessible and scalable publishing technologies.
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What is Social Media? • Content created by people using highly accessible and scalable publishing technologies. • A shift in how people discover, read and share news, information and content. • Word of Mouth 2.0
Create Content • Blogs are the heart of many social marketing strategies • You don’t have to have your own blog • News section of your website • Yahoo Answers • LinkedIn Answers • YouTube videos • Flikr Photos
Tell the world about it • Seth Godin has a saying “All marketers are liars.” • This is his opinion on how the public views marketing • We know that word of mouth is one of the most effective marketing tools available • Today we can use online networks to achieve something similar
Inject Product Marketing • Dell has a Twitter account that they only use to sell product returns. This has yielded them 3MM in return. • Some companies are using social media merely as a brand awareness • Some companies are using it to establish expertise in an area.
Era of Social Relationships • Started in the mid- 1990s with communities like AOL and maturing a few years ago. • People connected to each other using simple profiles and friending features to share information, discussions, and media.
Era of Social Functionality • Consumers share their experiences but can’t connect them across networks • Brands connect with profiles and applications but can’t reach the whole audience • 42% of consumers would be willing to interact with their favorite brands socially
Era of Social Colonization • For consumers, surfing the Web will no longer be a lonely experience • To add value, social networks will aggregate members’ activities and those of their network • Brands will shift focus from traditional marketing to social recommendations
Era of Social Context • Consumers will expose parts of their IDs to sites • Social networks will shift their business models • Brands will personalize their Web site experiences to drive results • Search results serve content based on social relevance • Mobile devices will allow anyone to have an entourage in their pocket
Era of Social Commerce • Consumers will let communities take the driver’s seat when it comes to buying • Social networks will become next-generation CRM systems • Registration pages will go away, and Web site content will fragment.
Resources • Demographics from http://www.quantcast.com • Future of Social Web, Jeremiah Owyang with Forrester