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How To Get Social Media Marketing Smart An Introduction to How the Social Web, Tools & Strategies Can Build Your Brand and Business YORK PA CHAMBER BUSINESS EXPO 5.6.09. Quick Question… Are You a Flashing 12?. How do I budget time, money and staff investments?
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How To Get Social Media Marketing SmartAn Introduction toHow the Social Web, Tools & Strategies Can Build Your Brand and BusinessYORK PA CHAMBER BUSINESS EXPO5.6.09
How do I budget time, money and staff investments? How do I demonstrate value proposition/ROI? How do I prioritize, learn and master this stuff? What are some of the best tactics? Who’s going to do it and where do I start? Can I simply avoid all of this until I retire? Let Me Guess…Are You Thinking?
1962 – Birth of a Technology Marketer Technologies that have rocked my 40+ year-old world • 1966 - First bike • 1969 - Internet • 1970 - Aluminum bat • 1972 - Pong • 1979 - Cellular Phone • 1983 - PC • 1987 - Disposable contact lenses • 1994 - Web • 1995 - DVD • 1998 - Viagra (TBD) • Late ‘90’s, Internet comes of age
Why Talk About Social Media Now? People, Technology, Economics
Crazy Churn RatesFacebook Looking PrettyTwitter All a Flitter
#1Build IntegrityBuild Trust(LinkedIn, Facebook) Gallup Poll 11.05 Honesty / Ethics in Professions
The REMARKable Susan Boyle • Authentic Integrity • Transparent • Awesome • Added Value • 100+ Million Youtube Views
3+. Don’t Suck… Be Awesome… Add Value…Get Invited and Join the Conversation and…
Our Big Interactive Marketing IDEA: Identify, Differentiate, Engage, Adapt Identify customers individuallyand by address Differentiate by value and then by needs Technology support for iterative process Adapt by product and/or by service Engage and remember them well Feedback Loop
Closed-loop Marketing Rocks Aberdeen found that enterprises with best- in-class closed-loop marketing achieved: • 36% ave. increase in comp revenue • 21% ave. lift in comp conversion rates • 26% ave. increase comp marketing ROI
And This.. Scobelizer Social Media Starfish:http://scobleizer.com/2007/11/02/social-media-starfish/
And Even This… Brian Solis Conversation Prism;http://www.briansolis.com/2008/08/introducing-conversation-prism.html
It’s any tool that let’s you SHARE INFORMATION (opinions, insights, experiences, perspectives) and NETWORK with others!
Social Media is not… Organized Controlled On message Social Media is… Alive and flowing Compelling Insightful
To join, you need to… • Be present • Actively listen before you talk This is a brand new way of understanding markets, not just another messaging channel!
Source: The Social Brand Road Map by Jamie Tedford, Friday, Nov 7, 2008 5:00 AM ET http://www.mediapost.com/publications/?fa=Articles.san&s=94270&Nid=49140&p=401436
Source: The Social Brand Road Map by Jamie Tedford, Friday, Nov 7, 2008 5:00 AM ET http://www.mediapost.com/publications/?fa=Articles.san&s=94270&Nid=49140&p=401436
Cone Study • 60% of Americans use social media • 59% (of 60%) interact with companies on social media Web sites • 25% interacts more than once per week
Cone Study (cont.) • Companies should use social networks to solve my problems (43%) • Companies should solicit feedback on their products and services (41%) • Companies should develop new ways for consumers to interact with their brand (37%)
Here’s a Big Reason to Jump into the Social Media Marketing Pool “Social-Networking Sites are More Popular than Most Web Sites!” TIME, 10.13.07
Here are a few more reasons… • 73% of active online users read a Blog • 45% have started their own Blog • 57% have joined a Social Network • 55% have uploaded photos • 83% have watched video clips 1 - Source: Universal McCann Comparative Study on Social Media Trends. April 2008
The Fact is…“In 2008, if you’re not on a Social Networking Site, You’re NOT on the Internet!” Source: IAB Platform Status Report: User Generated Content, Social Media, And Advertising - An Overview, April 2008
February 20, 2008Social Media Will Change Your Business “Look past the yakkers, hobbyists and political mobs. Your customers and rivals are figuring blogs out. Our advice: Catch up… or catch you later!” Source: http://www.businessweek.com/bwdaily/dnflash/content/feb2008/db20080219_908252.htm
Charleston – 21 hours, 8 min. Tampa – 20 hours, 58 min. Nashville – 20 hours, 37 min. Charlotte – 20 hours, 10 min. Pittsburgh – 19 hours, 58 minutes Oklahoma City – 19 hours, 13 min. Sacramento – 19 hours, 12 min. Milwaukee – 19 hours, 12 min. Boston – 18 hours, 56 minutes Cincinnati – 18 hours, 35 minutes Time spent online each week – AOL survey 5.07.02 – 8,000 Moms Note: Average is 16 hours and 52 minutes online per week Top 20 Most “Wired” Mom Markets in 2002
Greenville – 18 hours, 23 minutes Richmond– 18 hours, 23 minutes Lancaster – 18 hours, 19 minutes Providence – 18 hours, 4 minutes West Palm – 17 hours, 44 minutes Baltimore – 17 hours, 41 minutes Cleveland – 17 hours, 35 minutes Orlando – 17 hours, 35 minutes Salt Lake – 17 hours, 26 minutes Norfolk – 17 hours, 17 minutes Time spent online each week – AOL survey 5.07.02 – 8,000 Moms Note: Average is 16 hours and 52 minutes online per week Top 20 Most “Wired” Mom Markets
Most “Wired” Teen Markets – 12-17 yrs. • Pittsburgh 15.82 hrs. • New York 14.90 hrs. • Cleveland 14.85 hrs. • San Diego 14.43 hrs. • Miami/Ft. Lauderdale 14.15 hrs. • Hartford/New Haven 13.38 hrs. • Los Angeles 13.31 hrs. • Detroit 13.13 hrs. • Philadelphia 12.88 hrs. • Milwaukee 12.85 hrs. *** Teen Average 12.28 hrs Time spent online each week – AOL survey 5.07.02 – 6,700 Parents of Teens and Teens
7 Good Reasons To Use It • Cost effective • Time efficient • Measurable • User-generated • Big ROI • Differentiation • Your market is there, has been there for some time and has been waiting for you to SHOW UP!!