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What’s the value of an idea in the era of social media? Social Media Marketing
Me myself and I  (then we’re done) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Some statements:  ideas happens in ideals “ Rohit Bhargava spoke about what he calls  Likeonomics , which “explains the new affinity economy where the most likeable people, ideas and organizations are the ones we believe in, buy from and get inspired by”
Liquid modernity: new tensions  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The world’s liquid, not flat « The planetary integration of governments, businesses and organisations has intensified in a second movement involving the integration of individuals and, more importantly, their consciousness. The youths surveyed here possess this new consciousness, which has become inseparable from real-world experience. It is the integration of individuals’ consciousness into the global system which distinguishes  globalisation  from  internationalisation . » Dominique Reynié
Extimacy as the new  playground
Attention economy ,[object Object],[object Object],[object Object],"...in an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes. What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention and a need to allocate that attention efficiently among the overabundance of information sources that might consume it" (Simon 1971, p. 40-41) ‏ What the most important asset is: access to relevant information” Herbert Simon
In this environment, good ideas are threatened by an environment of constraints and by personal lack of time… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
… which historically tried to be solved through  active & explicit actions: SEARCH_ “ Americans conducted 14.8 billion core searches in April 2009 “ comScore “ of the customers who shop for high-end merchandise online, 78 percent of them did so in order to find the best price while nearly as many, 77 percent, did so to compare brands” BrandWeek, January 2010
… but search has become social, pervasive  recommendation…
As Social Media definition has pretty much changed its logics 2008 2011
As Social Media is in fact so real life Pleasure/pain,  hope/fear  social acceptance/rejection  as new  persuasive  design (Fogg)   A need for  triggers
Social Media are more and more linked to social organizations at all “ To our surprise it turns out that these networks follow the same complicated mathematic rules as the Internet and social networks found on Facebook” Kasper Lage from Harvard Medical School MIT and Lars Allan Larsen from Wilhelm Johannsen Centre for Functional Genome Research, University of Copenhagen
An on-going war between social browsing and searching social ,[object Object],“ In 12 months Facebook could become a legitimate monetization option,” Wingo predicts, and in the process it could end up becoming the disruptor of web commerce. It would then become a big thorn in the side of Google, which currently derives nearly 40 percent of its revenues from e-commerce-related activities.” Scot Wingo, CEO of Channel Advisor, a web commerce services provider based in Research Park, North Carolina.
Social Media: an ever-updating  concept ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Social Media: consequences for organizations ,[object Object]
[object Object]
So what could be the value of an idea in the era of Social Media?
Value: a polysemous notion ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],«  a fair return or equivalent in goods, services, or money for something exchanged the monetary worth of something : market price relative worth, utility, or importance <a good value at the price> <the value of base : a numerical quantity that is assigned or is determined by calculation or measurement <let x take on positive values> <a value for the age of the earth> something (as a principle or quality) intrinsically valuable or desirable <sought material values instead of human values — W. H. Jones>  Merriam-Webster
So value is only SOMETIMES directly linked to money
A new currency: the social one! “ Empire Avenue highlights a pervasive trend that will likely influence the business world in the long term. Like many other platforms, including [it] caters to human psychological factors and uses game techniques to reward participation and encourage a participant to willingly &quot;give up&quot; what is truly valuable in business--data. So why would someone want to give up data? Facebook knows the answer to this question:  social currency .”  David Armano
The state of ROI in Social Media Marketing ,[object Object],[object Object],[object Object],[object Object],“ Say an advertiser wants to buy 20 gross rating points. When network television audiences were larger, this might be accomplished by buying one 30-second spot. Today, buying those same 20 gross rating points might require buying multiple spots, which means the advertiser is using up more of a finite resource — the amount of airtime on the broadcast networks. Scarcity heightens demand, and heightened demand raises prices. That’s how the marketplace justifies its price increases. Even if the logic is cock-eyed —there are plenty of other ways to reach people besides TV commercials, after all — it creates a rationale the marketplace can deal with” Catharine P. Taylor
Wrong principles, wrong ways to determine values ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],“ The basis for this tension between operational issues and constraining analytic tool choice is often that analyst think that they are done when the model is &quot;right&quot;. Many analysts seem to believe that they can declare victory and pat themselves on the back when the model is accurate, statistically valid, highly predictive etc. They will often talk about all sorts of statistical measures that &quot;prove&quot; the model is a good one. Yet, in fact, the only results that matter are business results. If the model is accurate but impractical to implement then it adds no business value and should, therefore, be considered a bad model. ” James Taylor
Value lies in communities of interests « Success is not a prescription. There isn’t one way to excel or measure progress. But, that’s the point. We must first design outcomes into the equation. What do we want to accomplish? What’s the return we seek? Are we trying to sell, change, drive, cause, or inspire something specific? Are we reducing customer problems as measured by inbound volume, open tickets, public discourse? Are we trying to shift sentiment to a more positive state that increases referrals as a result? » Brian Solis
Interests are at least as important as sociodemographics.  It’s the economics, society, technics, ethics,  needs, ideas, entrepreneurs, history, whatever   that matter
Interests lead to actions. Actions are led by groups of individuals ,[object Object],[object Object],[object Object],[object Object],[object Object],“ It can only begin to have value when it’s an idea + execution. Till then, it’s still just an idea. When you combine an idea + great team + execution, it can start to have potential but the real value remains zero, until it gets tested/evaluated by real customers. That’s when you can start to estimate the real potential of “the whole package” again not the idea alone”  Valto Loikkanen
Uniqlo understood it: an extreme coherence in its story ,[object Object],[object Object]
Shiseido The Ginza shop : digital as an add-ons to retail experience
Where To Get.It as the new social shopper
Social metrics to enter relevance ,[object Object],[object Object],[object Object],“ blackboxing is the way scientific and technical work is made invisible by its own success. When a machine runs efficiently, when a matter of fact is settled, one need focus only on its inputs and outputs and not on its internal complexity. Thus, paradoxically, the more science and technology succeed, the more opaque and obscure they become” Bruno Latour
[object Object]
Dynamic tools to remain relevant  ,[object Object],[object Object],[object Object],” It's a process, not an event. Dating is a process. So is losing weight, being a public company and building a brand. On the other hand, putting up a trade show booth is an event. So are going public and having surgery. Events are easier to manage, pay for and get excited about. Processes build results for the long haul” Seth Godin
Nail art in France
Tie in, tie down, untie ,[object Object],[object Object],[object Object],[object Object],[object Object],“ We care about the direct relationship with the &quot;one&quot; but count on the effect of the one passing along to their many either explicitly or more subtly” John Bell, MD & ECD 360° Digital Influence, Ogilvy
MyIdea4CA A temporary tie between Gov. Schwarzenegger & its consituents
METRICS METRICS METRICS METRICS
Quanti/quali to Search/social?
Ogilvy 360° Digital Influence Conversation Impact™ Model: Summary Metric / Funnel Goal >  Data Aware- ness Considera-tion Prefer-ence Action Loyalty Reach/Positioning ,[object Object],Real-time to weekly ,[object Object],Real-time to daily ,[object Object],Real-time to daily ,[object Object],Real-time to weekly Preference ,[object Object],Daily ,[object Object],Daily ,[object Object],Monthly/ Quarterly survey Action ,[object Object],Daily to weekly ,[object Object],Real-time to weekly ,[object Object],Real-time to weekly
Neuromarketing? “ This study demonstrated that the level of attention paid to Web ads affects explicit and implicit memory performance in a different manner. Specifically, if consumers pay greater attention to and subsequently experience conscious processing of Web ads, both explicit and implicit memory performance are enhanced. Conceptually, increased explicit memory performance at this level of processing is facilitated by elaborative semantic processes. Furthermore, as shown in the results of PDP (H2a and H2b), increased implicit memory performance are mainly attributable to consciously or intentionally acquired information. In contrast, if consumers pay minimal or no attention to Web ads and experience unconscious processing, only implicit memory performance would be enhanced due to the effects of unconscious components of memory.  A positive correlation between implicit memory performance and brand attitude at this level of processing suggests that the mere exposure effects can be viewed as a demonstration of implicit memory , which is mainly affected by unconsciously or automatically  acquired Web ad information ” Chan Yun Yoo
Rethinking the idea of value: reputation as the new currency to achieve great ideas
People:  shareholders of the value of an idea ,[object Object],[object Object],” As Obama says, we are the ones we’ve been waiting for (…). In other words, we need fewer old leaders, and more love”  David Weinberger
Gaga monsters’ triggers:  missions in the whole story ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],&quot;So the real truth about Lady Gaga fans lies in this sentiment: They are Kings. They are the queens. They write the hisory of the kingdom, while I am something of a devoted Jester. It is in the theory of perception that we have established our bond”  Lady Gaga, Monster Ball Tour,Madison Square Garden Statements Personae
Tools are leverages, not strategies: did you know that you could grow flower with your tweets with Fulive?
A methodology to make an idea worth it in the era of social media  ” The purpose of a business is to create a customer” Peter Drucker “ the purpose of a business is to serve a customer who creates customers&quot;  (Razorfish VP Shiv Singh)
Ogilvy Big Ideal ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],” Simply stated, a Big Ideal is a universal, enduring theme that a brand stands for. It’s the emotional center. And we have found that the best way to locate this emotional center is to start with a deep understanding of what your brand is really great at – your brand’s best self – and then to connect this to an important cultural truth or trend that is going on in society. This is a place where you will fi nd energy and passion” Brian Fetherstonhaugh. Chairman & Chief Executive Officer OgilvyOne Worldwide
 
Dove second season on beauty
Step 1: listen ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Urban Outfitters & Amber:  when Social Media history leads to a crisis
Step 2: Big Ideal your idea ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Joliebox as the glamorous cosmetics’ Tupperware community
Step 3: Structure your story Passive listening (= get the relevant information depending on your field) Engagement programmes towards key-influencers (= a significant story in which your key opinion leaders can increase & improve the reputation of your idea) Active listening   (= prepare your organisation to respond to conversations to transform opportunities into value & threats into control) Campagne Experience Social platform (= places in which you can drive your publics & host their conversations & own ideas) Campagne Experience Campagne Experience Campagne Experience Word-of-Mouth accelerators Insi(ght)ders (= feed your vision from aggressive planning) CRM (=capitalize on your mktg history)
Step 4: frequently measure & optimize through dashboards ,[object Object],[object Object],[object Object]
Trending last ideas
Like a virgin…marketing territory
We’re all web-bloggers, IRL ™  Littlesa
Thank you!

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Social Media Marketing 101

  • 1. What’s the value of an idea in the era of social media? Social Media Marketing
  • 2.
  • 3. Some statements: ideas happens in ideals “ Rohit Bhargava spoke about what he calls Likeonomics , which “explains the new affinity economy where the most likeable people, ideas and organizations are the ones we believe in, buy from and get inspired by”
  • 4.
  • 5. The world’s liquid, not flat « The planetary integration of governments, businesses and organisations has intensified in a second movement involving the integration of individuals and, more importantly, their consciousness. The youths surveyed here possess this new consciousness, which has become inseparable from real-world experience. It is the integration of individuals’ consciousness into the global system which distinguishes globalisation from internationalisation . » Dominique Reynié
  • 6. Extimacy as the new playground
  • 7.
  • 8.
  • 9. … which historically tried to be solved through active & explicit actions: SEARCH_ “ Americans conducted 14.8 billion core searches in April 2009 “ comScore “ of the customers who shop for high-end merchandise online, 78 percent of them did so in order to find the best price while nearly as many, 77 percent, did so to compare brands” BrandWeek, January 2010
  • 10. … but search has become social, pervasive recommendation…
  • 11. As Social Media definition has pretty much changed its logics 2008 2011
  • 12. As Social Media is in fact so real life Pleasure/pain, hope/fear social acceptance/rejection as new persuasive design (Fogg) A need for triggers
  • 13. Social Media are more and more linked to social organizations at all “ To our surprise it turns out that these networks follow the same complicated mathematic rules as the Internet and social networks found on Facebook” Kasper Lage from Harvard Medical School MIT and Lars Allan Larsen from Wilhelm Johannsen Centre for Functional Genome Research, University of Copenhagen
  • 14.
  • 15.
  • 16.
  • 17.
  • 18. So what could be the value of an idea in the era of Social Media?
  • 19.
  • 20. So value is only SOMETIMES directly linked to money
  • 21. A new currency: the social one! “ Empire Avenue highlights a pervasive trend that will likely influence the business world in the long term. Like many other platforms, including [it] caters to human psychological factors and uses game techniques to reward participation and encourage a participant to willingly &quot;give up&quot; what is truly valuable in business--data. So why would someone want to give up data? Facebook knows the answer to this question: social currency .” David Armano
  • 22.
  • 23.
  • 24. Value lies in communities of interests « Success is not a prescription. There isn’t one way to excel or measure progress. But, that’s the point. We must first design outcomes into the equation. What do we want to accomplish? What’s the return we seek? Are we trying to sell, change, drive, cause, or inspire something specific? Are we reducing customer problems as measured by inbound volume, open tickets, public discourse? Are we trying to shift sentiment to a more positive state that increases referrals as a result? » Brian Solis
  • 25. Interests are at least as important as sociodemographics. It’s the economics, society, technics, ethics, needs, ideas, entrepreneurs, history, whatever that matter
  • 26.
  • 27.
  • 28. Shiseido The Ginza shop : digital as an add-ons to retail experience
  • 29. Where To Get.It as the new social shopper
  • 30.
  • 31.
  • 32.
  • 33. Nail art in France
  • 34.
  • 35. MyIdea4CA A temporary tie between Gov. Schwarzenegger & its consituents
  • 38.
  • 39. Neuromarketing? “ This study demonstrated that the level of attention paid to Web ads affects explicit and implicit memory performance in a different manner. Specifically, if consumers pay greater attention to and subsequently experience conscious processing of Web ads, both explicit and implicit memory performance are enhanced. Conceptually, increased explicit memory performance at this level of processing is facilitated by elaborative semantic processes. Furthermore, as shown in the results of PDP (H2a and H2b), increased implicit memory performance are mainly attributable to consciously or intentionally acquired information. In contrast, if consumers pay minimal or no attention to Web ads and experience unconscious processing, only implicit memory performance would be enhanced due to the effects of unconscious components of memory. A positive correlation between implicit memory performance and brand attitude at this level of processing suggests that the mere exposure effects can be viewed as a demonstration of implicit memory , which is mainly affected by unconsciously or automatically acquired Web ad information ” Chan Yun Yoo
  • 40. Rethinking the idea of value: reputation as the new currency to achieve great ideas
  • 41.
  • 42.
  • 43. Tools are leverages, not strategies: did you know that you could grow flower with your tweets with Fulive?
  • 44. A methodology to make an idea worth it in the era of social media ” The purpose of a business is to create a customer” Peter Drucker “ the purpose of a business is to serve a customer who creates customers&quot; (Razorfish VP Shiv Singh)
  • 45.
  • 46.  
  • 47. Dove second season on beauty
  • 48.
  • 49. Urban Outfitters & Amber: when Social Media history leads to a crisis
  • 50.
  • 51. Joliebox as the glamorous cosmetics’ Tupperware community
  • 52. Step 3: Structure your story Passive listening (= get the relevant information depending on your field) Engagement programmes towards key-influencers (= a significant story in which your key opinion leaders can increase & improve the reputation of your idea) Active listening (= prepare your organisation to respond to conversations to transform opportunities into value & threats into control) Campagne Experience Social platform (= places in which you can drive your publics & host their conversations & own ideas) Campagne Experience Campagne Experience Campagne Experience Word-of-Mouth accelerators Insi(ght)ders (= feed your vision from aggressive planning) CRM (=capitalize on your mktg history)
  • 53.
  • 56. We’re all web-bloggers, IRL ™ Littlesa

Notas del editor

  1. jowyang Jeremiah Owyang The &amp;quot;Museum of Me&amp;quot; is a fine example of how to use existing social data, gently stroke one&apos;s ego, and provide an emotional experience Jeremiah owyang
  2. http://www.scribd.com/doc/7216631/marotta
  3. http://www.fondapol.org/wp-content/uploads/2011/01/2011-World-Youths.pdf
  4. http://www.flickr.com/photos/wale_ade/5566643928/ http://ecopolitology.org/2010/01/07/usgs-develops-twitter-based-earthquake-detection-system/twitter-mexico/
  5. Michael Erard (a columnist) thinks for instance that prices of information commodities are inversely adjusted to the cognitive investment of consuming them. (…) Things requiring longer attention spans would be cheaper — they might even be free, and the higher fixed costs of producing them would be covered by the higher sales of the short attention span products. Single TV episodes would be more expensive to purchase than whole seasons, in the same way that a six-pack of Oreos at the gas station is more expensive, per cookie, than a whole tray at the grocery store.
  6. http://www.flickr.com/photos/helga/3982668517/sizes/l/in/photostream/ http://www.google.com/imgres?imgurl=http://www.email-marketing-wizard.com/wp-content/uploads/2010/03/social-media-help1.jpg&amp;imgrefurl=http://www.email-marketing-wizard.com/&amp;usg=__vd3rPtOHMWBCdbBioHoBl-a5uFQ=&amp;h=692&amp;w=692&amp;sz=79&amp;hl=en&amp;start=0&amp;sig2=WJ17Sjdg5TMbgGdQS3LdIA&amp;zoom=1&amp;tbnid=O1a0Rxm9jagaBM:&amp;tbnh=151&amp;tbnw=165&amp;ei=HcLoTY2gHpGHswag15SBCQ&amp;prev=/search%3Fq%3Dhelp%2Bsocial%2Bmedia%26um%3D1%26hl%3Den%26client%3Dfirefox-a%26rls%3Dorg.mozilla:fr:official%26biw%3D1600%26bih%3D771%26tbm%3Disch&amp;um=1&amp;itbs=1&amp;iact=hc&amp;vpx=138&amp;vpy=67&amp;dur=3628&amp;hovh=225&amp;hovw=225&amp;tx=188&amp;ty=105&amp;page=1&amp;ndsp=28&amp;ved=1t:429,r:0,s:0&amp;biw=1600&amp;bih=771
  7. http://www.slideshare.net/charleneli/the-future-of-social-networks
  8. B.J. Fogg, 2009. “A behavior model for persuasive design,” Proceedings of Persuasive ’09 , pp. 1–7, and at http://www.bjfogg.com/fbm_files/page4_1.pdf , accessed 3 June 2011.
  9. Networks involved in heart diseases resemble Facebook http://www.cpr.ku.dk/news_list/news035/
  10. http://gigaom.com/2011/06/02/google-1-vs-facebook-likes/
  11. http://hypeed.com/ai42#p714 hypeed
  12. http://www.flickr.com/photos/rhruzek/3501542607/sizes/z/in/photostream/ http://www.briansolis.com/2011/04/social-media-roi-roi-doesn%E2%80%99t-stand-for-return-on-ignorance/
  13. Play with http://www.forrester.com/empowered/tool_consumer.html
  14. UNIQLO, a local retailer in Harajuku Tokyo(Fashion District of Tokyo), based its strategy on intuition that people stopped buying things excessive going beyond their budgets, but still spent on seeking new things, and things that were in trend. Uniqlo = Unique and Clothing &amp;quot;We are selling jeans, not style, we don&apos;t want to push our brand logo, and you can combine our clothing with other brands&amp;quot;. This is very different from what one hears in the industry. By not emphasizing the brand image and identity aspects, Uniqlo might be making a mistake.
  15. http://moderntokyotimes.com/2011/05/27/tokyo-shiseido-the-ginza-is-where-cosmetics-and-decor-melts-into-a-pure-beauty-experience/ Therefore, Tokyo ladies and visiting ladies can experiment with digital cosmetic mirrors which are fully interactive and once the barcode is entered of the product which took the eye of the customer; then this will show the person how it will look once it is matched with the customers face.  This enables the individual to utilize all the various colors which are on offer and the image also shows the look from different angles and this is pure luxury mixed with convenience and style. Counselors are on standby in order to help people with their skin types or other related areas of care and this all adds to the experience of each individual feeling special.  Added to this, estheticians are available and with all the knowledge that they have learnt from the Shiseido Academy of Beauty &amp; Fashion; then the customer is bound to get the highest quality of care and attention.
  16. http://www.scodal.com/uploads1/twitter.terrible.trending.jpg
  17. http://www.slideshare.net/robquigley/presentation-to-wug-on-promoting-social-media-in-state-government-updated
  18. http://www.slideshare.net/ricardoroesler/apresentao-kotler Phillip Kotler on Marketing 3.0 In a study from the group of Read Montague , the director of the Human Neuroimaging Lab and the Center for Theoretical Neuroscience at Baylor College of Medicine , published in 2004 in Neuron , [3] 67 people had their brains scanned while being given the &amp;quot; Pepsi Challenge &amp;quot;, a blind taste test of Coca-Cola and Pepsi . Half the subjects chose Pepsi, since Pepsi tended to produce a stronger response than Coke in their brain&apos;s ventromedial prefrontal cortex , a region thought to process feelings of reward. But when the subjects were told they were drinking Coke three-quarters said that Coke tasted better. Their brain activity had also changed. The lateral prefrontal cortex , an area of the brain that scientists say governs high-level cognitive powers, and the hippocampus , an area related to memory, were now being used, indicating that the consumers were thinking about Coke and relating it to memories and other impressions. The results demonstrated that Pepsi should have half the market share, but in reality consumers are buying Coke for reasons related less to their taste preferences and more to their experience with the Coke brand. http://www.joeste.se/wp-content/uploads/2011/02/Unconscious-Processing-of-Web-Ads-ESSAIARTIKEL6.pdf CHAN YUN YOO is Assistant Professor, School of Journalism and Telecommunications, University of Kentucky; e-mail: chan.yoo@uky.edu
  19. fulife , a Twitter iPhone app that lets you grow flowers with your tweets. When you write messages you can plant seeds and rain then falls, making your garden come to life. This “flower communication” tool also allows you to pick your sproutings and send them as presents to your Twitter chums.
  20. David Armano
  21. http://www.myaimistrue.com/2011/05/urban-outfitters-ripoff-trending-topic/
  22. http://www.morganstanley.com/institutional/techresearch/pdfs/MS_Internet_Trends_060710.pdf