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Creating A Social Media Strategy Charlene Li Co-author of “Groundswell” Thought Leader, Altimeter Group
Is this what social media is about? Source: Wordle.net
What kind of relationship do you want? Transactional Occasional Impersonal Short-term Passionate Constant Intimate Loyal Focus on relationships, not technologies
Agenda ,[object Object],[object Object],[object Object]
Process and goals lead to strategy
Engagement Pyramid Base: Global active Internet users (uses the Internet every day/every other day Note: Percent of active Internet users that do this at least weekly Source: Universal McCann Social Media Tracker Wave 3, March 2008 ,[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]
How Oracle encouraged feedback
Let’s talk about taxes
Dialog with Frank Eliason, Comcast
Skittles has conversations on Facebook
Helping users support themselves
Starbucks  innovates with the groundswell
Agenda ,[object Object],[object Object],[object Object]
Getting started Set your goal Listen first Start small Recover
Measuring Social Media Your goals determine your metrics Use the same metrics as your marketing goals
Um, what metrics were those?
Example “micro” metrics
Higher order metrics to consider How likely are you to  recommend  this to someone you know? Net Promoter Score Cost of acquisition Cost of retention Lifetime revenue Referral value Lifetime Value
How to find good help See a list at wiki.altimetergroup.com
How to find good help ,[object Object],[object Object],[object Object],[object Object],[object Object]
Agenda ,[object Object],[object Object],[object Object]
Social networks will be like air
Your friends will be where ever you need them Friends   Reviews
Three components plus one concept ,[object Object],[object Object],[object Object],[object Object]
Everyone is a marketer
Org charts become less relevant
BlueShirtNation.com supports Best Buy’s front line employees
Meet Up blew up their org chart
Firewalls disappear
Customers move into the company
Photo: Kantor,  http://www.flickr.com/photos/kantor
An essential tool to have
Summary ,[object Object],[object Object],[object Object]
May the groundswell  always be with you. Charlene Li Altimeter Group [email_address] blog.altimetergroup.com Copyright © 2008 Altimeter Group

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Authos@Google Presentation, October 15, 2008