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Groundswell: The Future  Of Social Networks Charlene Li Altimeter Group June 16, 2009 If you would like a copy of the slides, please leave a business card with me.
Welcome to the Groundswell Where social technologies enable people to get what they need from each other
What company engagement looks like
What kind of relationship do you want? Transactional Occasional Impersonal Short-term Passionate Constant Intimate Loyal Focus on relationships, not technologies
Four strategies, start with Learn
Learn with monitoring tools
At Southwest, a planner talks Post has received 98 comments over 10 days In the future, everyone is a marketer
Cable problems? Who do you call?
BlueShirtNation.com supports Best Buy’s front line employees
Starbucks innovates across the organization
Social networks will be like air
Reviews from people I know Source: Razorfish Note: This is a mock-up, not an actual product
Three things are needed to make social networks like air ,[object Object],[object Object],[object Object],And it’s still very early, so patience is needed
My identity, in context Author, researcher, strategist Chauffeur, cook, play date organizer
Social aggregators can map  your relationships Source: 33Across ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Implicit social data fills in the relationship gaps
Aggregators can build rich profiles Who I email the most Who I meet with Who I call What I read and share What sites I visit What I buy Who I know, what I did
 
Sharing activities to networks  Publish reviews from CitySearch to Facebook Both CitySearch and Facebook get behavior and sharing data Bring friends to CitySearch
“ Birds of a feather shop together” “ Lisa” buys on NineWest.com Media6 maps “network neighbors” based on visits to profile sites via browser cookies (no PII involved) 2 1 3 NineWest ads are shown to Lisa’s closest friends, without identifying or involving Lisa
#1 Get the right people on the bus
Find your revolutionaries Lionel Menchaca Dell Ed Terpening Wells Fargo Paula Drum H&R Block
#2 Start small, but start now Tactics Audience Goal Revolutionary
#3 Evaluate where and how social you will be ,[object Object],[object Object],[object Object],[object Object],[object Object]
#4 Prepare for a new organization New forms of leadership will be needed
#5 Measure the right things Your goals determine your metrics Use the same metrics as your marketing goals
Example “micro” metrics Goal Metric Value Learn # of customer feedback Impact of faster, better insights Dialog # of people reached  # of interactions Awareness Faster, more sales Help # of issues addressed Customer satisfaction Innovate # of implemented ideas Faster, better development
Higher order metrics to consider How likely are you to recommend this to someone you know? Net Promoter Score Lifetime revenue Cost of acquisition Cost of retention Customer referral value (CRV) Lifetime Value
#6) Embrace the loss of control Photo: Kantor,  http://www.flickr.com/photos/kantor
An essential tool to have
Thank You Charlene Li Altimeter Group [email_address] blog.altimetergroup.com Twitter: @charleneli If you would like a copy of the slides,  please leave a business card with me. Copyright © 2009 Altimeter Group

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WITI: Groundswell, the Future Of Social Networks

  • 1. Groundswell: The Future Of Social Networks Charlene Li Altimeter Group June 16, 2009 If you would like a copy of the slides, please leave a business card with me.
  • 2. Welcome to the Groundswell Where social technologies enable people to get what they need from each other
  • 4. What kind of relationship do you want? Transactional Occasional Impersonal Short-term Passionate Constant Intimate Loyal Focus on relationships, not technologies
  • 7. At Southwest, a planner talks Post has received 98 comments over 10 days In the future, everyone is a marketer
  • 8. Cable problems? Who do you call?
  • 9. BlueShirtNation.com supports Best Buy’s front line employees
  • 10. Starbucks innovates across the organization
  • 11. Social networks will be like air
  • 12. Reviews from people I know Source: Razorfish Note: This is a mock-up, not an actual product
  • 13.
  • 14. My identity, in context Author, researcher, strategist Chauffeur, cook, play date organizer
  • 15.
  • 16. Implicit social data fills in the relationship gaps
  • 17. Aggregators can build rich profiles Who I email the most Who I meet with Who I call What I read and share What sites I visit What I buy Who I know, what I did
  • 18.  
  • 19. Sharing activities to networks Publish reviews from CitySearch to Facebook Both CitySearch and Facebook get behavior and sharing data Bring friends to CitySearch
  • 20. “ Birds of a feather shop together” “ Lisa” buys on NineWest.com Media6 maps “network neighbors” based on visits to profile sites via browser cookies (no PII involved) 2 1 3 NineWest ads are shown to Lisa’s closest friends, without identifying or involving Lisa
  • 21.
  • 22. #1 Get the right people on the bus
  • 23. Find your revolutionaries Lionel Menchaca Dell Ed Terpening Wells Fargo Paula Drum H&R Block
  • 24. #2 Start small, but start now Tactics Audience Goal Revolutionary
  • 25.
  • 26. #4 Prepare for a new organization New forms of leadership will be needed
  • 27. #5 Measure the right things Your goals determine your metrics Use the same metrics as your marketing goals
  • 28. Example “micro” metrics Goal Metric Value Learn # of customer feedback Impact of faster, better insights Dialog # of people reached # of interactions Awareness Faster, more sales Help # of issues addressed Customer satisfaction Innovate # of implemented ideas Faster, better development
  • 29. Higher order metrics to consider How likely are you to recommend this to someone you know? Net Promoter Score Lifetime revenue Cost of acquisition Cost of retention Customer referral value (CRV) Lifetime Value
  • 30. #6) Embrace the loss of control Photo: Kantor, http://www.flickr.com/photos/kantor
  • 31. An essential tool to have
  • 32. Thank You Charlene Li Altimeter Group [email_address] blog.altimetergroup.com Twitter: @charleneli If you would like a copy of the slides, please leave a business card with me. Copyright © 2009 Altimeter Group