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Social Media
What   is social media?


Why    social media?


How    to implement?


Who    is doing it right?
so·
  cial me· a
         di·
Online gathering of interaction,
 ideas, comments and commentary.
  Essentially, consumer conversation
   in cyberspace.
More simply put:


       “Social media
     is people having
   conversations online.”
Introduction
Social Influence Marketing (SIM)
 is about employing social media and social
 influencers to achieve the marketing and
 business needs of an organization.
Measuring SIM
  Business Justification:




R.O.I.
RETURN       ON    INVESTMENT
THE R.O.I. EQUATION



         Social Media




Investment       Expectation of return
Return On Investment


          Digital
Digital                                 Recog-    More
          Inter-    Sale       W.O.M.
Action                                   nition   Sales
          action




Return On Interaction      +    Return On Influence


                           A more realistic way
                           to access value
Now,   social media is…
Paid                Earned              Owned
                          Social Media     Brand and Product
Internet Advertising
                       (Pages and Feeds)       Websites


  PPC – Search                             Mobile Brand and
                        Word of Mouth
   Marketing                               Product Websites


                                           Proprietary Mobile
Mobile Advertising       User Forums
                                              Applications


                          News, PR,         Customer Care
  Sponsorships
                        Announcements          Services


                           Blogger            Proprietary
Paid Applications
                         Relationships      Digital Content
Social media is the ongoing
conversation of the planet.”
The conversations are powered by:


                                      Photo
                          Blogging
                                     Sharing


                 Video                              Micro
                Sharing                           Blogging



                              Key
            Podcasts         Social                    RSS

                           Platforms

                Message
                                                  Widgets
                 Boards


                           Chat       Social
                          Rooms      Networking
Social Media
  Tools
 (just to name a few)
Active Worldwide Users
500,000,000 +
Pieces of content shared
per month
45,000,000,000
Local business with
active Facebook pages
1,500,000
Professional Social Network




          Contains profiles of
          Fortune 500 executives
          and leading entrepreneurs

          Average individual salary
          on LinkedIn is $109,000
Wiki =quick
                   Studies show it’s as accurate
                    as Encyclopedia Britannica



If you were paid   $1   for every article posted on



  you would earn $1,712.32
            PER HOUR
Registered Users
156,000,000 +
Updates per month
54,000,000 +
Users following a brand
31%
Brand recommendations
per month
7,800,000 +
Business Objective:




Improve customer service
Promote a product or service
Manage and respond to a crisis
Event activation
Advocate an issue or cause
SNSers
Why Social Media?
In 2008, if you are not on
a social networking site,
you are not on the internet.”
Iab platform status report: User generated content, Social media, and advertising
– An overview, April 2008
It’s not a fad.

It’s a fundamental
shift in the way
we communicate.
Reason #1
 “We don’t have a choice on
whether we DO social media,
      the question is
       how well we DO it.”
                    Erik Qualman
500
BILLION.
The number of peer
influence impressions
Americans generate per
year via social media.
Today



        people are connected
500M
4 Billion.
That’s 13x more than the National Library .
  The number of images hosted on Flickr.
95%
Companies using
LinkedIn to find
and attract
employees.
Welcome to

The World of
Socialomics
Reason #2
 78% of people trust the
   recommendations of
      other consumers.
    Nielsen “Trust in advertising” report


While only 14% of people
  trust advertisements.
14% VS.   78%
      HMM…
The old communication model
was a   monologue.
The new communication model
is a   dialogue.
Only 18%   of
TV ad campaigns
generate positive
ROI.
90% of
people who
can skip TV
ads, do.
The average person is exposed to




 3000                       advertising messages/day
Reason #3
    Social media ”is only
        going to become
persuasive and as such,
become a critical factor
in the success or failure
       of any business.”
          Brian Solis, Social Media Manifesto
How many social media users
turn to social media when
making purchase decisions?
 By listed product, service category, and frequency


    Regularly turn to social media
    Sometimes turn to social media
Tomorrow’s consumers are
today’s “digital natives”.
By 2010, Millennials/
Gen Y-ers will outnumber
Baby Boomers.

They already wield
$350 Billion/ year in
direct spending power.
Millennials spend
>16 hours/week
online.

96% of them have
joined a social network.
They have an average of

53 online friends.
      Acquaintances       Online Friends
           51%                 38%




                                 Close Friends
                                      11%
And they don’t care
about your Ads.


They care
what their
friends think.
Translation:



The train is leaving the station.

WITH or WITHOUT YOU.
How do I
get on
the train
Learn About
Your Audience
   Who/Where are they?
What is their personality like?
How/Where do they consume?
 How/Where do they engage?
The Importance of Words




Treat this part very seriously. It is a myth that successful
     communication relies mainly on delivery style.
  What you say is just as important as how you say it.
Certain words have great psychological impact on us. They
address our basic human desires and our emotional needs
and wants. They compel us to pay attention and take action.
Successful copywriters use certain words to add persuasive
power to their ads.
Description
Specificity can result from descriptive language.

Which dessert would get your attention faster?
                                                    Something described as “A sinful
                                                    combination of bourbon-soaked
                                                    vanilla beans and fresh raspberries
                                                    with a chocolate ganache surprise”.




           Something described as
            “Chocolate Dessert”.




  Get your audience salivating
Clarity
Avoid vague, nebulous corporate-
speak. Nothing puts an audience
off more than uncommitted,
detached phrases.
Authenticity
Much of the language in corporations today is clichéd,
vague, and pretentious. When speaking, be concise,
clear, and authentic – get to the human side of language.
Call to action
If you end with a call to action, make it clear and specific.
Your audience should know exactly what they are called to
do and have reasons for taking that course of action.
Leave the participants with a memorable comment or
question that ties directly back to your main point.
Leave Them
           Wanting More

      Most messages should end in such a way that
participants are inclined to crave more information
you may share with them later. When appropriate,
   leave the audience at a climax: promise that in a
  future message you will provide additional useful
      information. The human brain seeks closure.
           Participants will be inclined to return to
  something that has not been solved completely.
Choose your
channels
wisely
Use Your Channels
To Engage And Drive Traffic
Make
 Social Media
   Work for
Your Company
Social Marketing Compass
Who is
doing it
 RIGHT?
Who is
doing it
 RIGHT
By the end of 2009, Dell had
  generated $6.5 million
in sales from Twitter alone.
Who is
doing it
 RIGHT
On April 8th, 2008,
Frank Eliason set up
a Twitter account to
 help Comcast users
            in need.

 Since then, Comcast
     has helped over
   150,000 customers
through Social Media.
Who is
doing it
 RIGHT
Starbucks gave their consumers a voice
Resulting in over 50,000 product ideas
360
  Digital
Influence
What   is social media?
       People having conversations online.


Why    social media?
       A fundamental shift in the way we communicate.


How    to implement?
       Choice of words. Learn about audience. Channels.



Who    is doing it right?
       Dell. Comcast. Starbucks. Social media in China.
References
1. The Razorfish Social Influence Marketing Report
2. Research Micro Blogging Trend During World Cup, Sina.Inc
3. Brands and Social Media in China, Ogilvyone Worldwide
4. Power to the People – Social Media Tracker Wave 3
5. Social Media in Asia, 360 Digital Influence, Ogilvy Public Relations
6. Digital Actions and Their Effect on Advocacy, Consumer Insights Inc.
7. eMarketer, TechCrunch.com, Los Angeles Times, Knowledge Networks
8. Social media for business, Slideshare
9. What the f**k is social media, Slideshare
10. Before you open your mouth, Slideshare



 Thank you
 very much

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Staggering effect of social media

  • 2. What is social media? Why social media? How to implement? Who is doing it right?
  • 3. so· cial me· a di· Online gathering of interaction, ideas, comments and commentary. Essentially, consumer conversation in cyberspace.
  • 4. More simply put: “Social media is people having conversations online.”
  • 5. Introduction Social Influence Marketing (SIM) is about employing social media and social influencers to achieve the marketing and business needs of an organization.
  • 6. Measuring SIM Business Justification: R.O.I. RETURN ON INVESTMENT
  • 7. THE R.O.I. EQUATION Social Media Investment Expectation of return
  • 8. Return On Investment Digital Digital Recog- More Inter- Sale W.O.M. Action nition Sales action Return On Interaction + Return On Influence A more realistic way to access value
  • 9. Now, social media is…
  • 10. Paid Earned Owned Social Media Brand and Product Internet Advertising (Pages and Feeds) Websites PPC – Search Mobile Brand and Word of Mouth Marketing Product Websites Proprietary Mobile Mobile Advertising User Forums Applications News, PR, Customer Care Sponsorships Announcements Services Blogger Proprietary Paid Applications Relationships Digital Content
  • 11. Social media is the ongoing conversation of the planet.”
  • 12. The conversations are powered by: Photo Blogging Sharing Video Micro Sharing Blogging Key Podcasts Social RSS Platforms Message Widgets Boards Chat Social Rooms Networking
  • 13. Social Media Tools (just to name a few)
  • 14. Active Worldwide Users 500,000,000 + Pieces of content shared per month 45,000,000,000 Local business with active Facebook pages 1,500,000
  • 15. Professional Social Network Contains profiles of Fortune 500 executives and leading entrepreneurs Average individual salary on LinkedIn is $109,000
  • 16. Wiki =quick Studies show it’s as accurate as Encyclopedia Britannica If you were paid $1 for every article posted on you would earn $1,712.32 PER HOUR
  • 17. Registered Users 156,000,000 + Updates per month 54,000,000 + Users following a brand 31% Brand recommendations per month 7,800,000 +
  • 18. Business Objective: Improve customer service Promote a product or service Manage and respond to a crisis Event activation Advocate an issue or cause
  • 21. In 2008, if you are not on a social networking site, you are not on the internet.” Iab platform status report: User generated content, Social media, and advertising – An overview, April 2008
  • 22. It’s not a fad. It’s a fundamental shift in the way we communicate.
  • 23. Reason #1 “We don’t have a choice on whether we DO social media, the question is how well we DO it.” Erik Qualman
  • 24. 500 BILLION. The number of peer influence impressions Americans generate per year via social media.
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  • 26. Today people are connected
  • 27. 500M
  • 28. 4 Billion. That’s 13x more than the National Library . The number of images hosted on Flickr.
  • 29. 95% Companies using LinkedIn to find and attract employees.
  • 30. Welcome to The World of Socialomics
  • 31. Reason #2 78% of people trust the recommendations of other consumers. Nielsen “Trust in advertising” report While only 14% of people trust advertisements.
  • 32. 14% VS. 78% HMM…
  • 33. The old communication model was a monologue.
  • 34. The new communication model is a dialogue.
  • 35. Only 18% of TV ad campaigns generate positive ROI.
  • 36. 90% of people who can skip TV ads, do.
  • 37. The average person is exposed to 3000 advertising messages/day
  • 38. Reason #3 Social media ”is only going to become persuasive and as such, become a critical factor in the success or failure of any business.” Brian Solis, Social Media Manifesto
  • 39. How many social media users turn to social media when making purchase decisions? By listed product, service category, and frequency Regularly turn to social media Sometimes turn to social media
  • 40. Tomorrow’s consumers are today’s “digital natives”.
  • 41. By 2010, Millennials/ Gen Y-ers will outnumber Baby Boomers. They already wield $350 Billion/ year in direct spending power.
  • 42. Millennials spend >16 hours/week online. 96% of them have joined a social network.
  • 43. They have an average of 53 online friends. Acquaintances Online Friends 51% 38% Close Friends 11%
  • 44. And they don’t care about your Ads. They care what their friends think.
  • 45. Translation: The train is leaving the station. WITH or WITHOUT YOU.
  • 46. How do I get on the train
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  • 55. Learn About Your Audience Who/Where are they? What is their personality like? How/Where do they consume? How/Where do they engage?
  • 56. The Importance of Words Treat this part very seriously. It is a myth that successful communication relies mainly on delivery style. What you say is just as important as how you say it.
  • 57. Certain words have great psychological impact on us. They address our basic human desires and our emotional needs and wants. They compel us to pay attention and take action. Successful copywriters use certain words to add persuasive power to their ads.
  • 58. Description Specificity can result from descriptive language. Which dessert would get your attention faster? Something described as “A sinful combination of bourbon-soaked vanilla beans and fresh raspberries with a chocolate ganache surprise”. Something described as “Chocolate Dessert”. Get your audience salivating
  • 59. Clarity Avoid vague, nebulous corporate- speak. Nothing puts an audience off more than uncommitted, detached phrases.
  • 60. Authenticity Much of the language in corporations today is clichéd, vague, and pretentious. When speaking, be concise, clear, and authentic – get to the human side of language.
  • 61. Call to action If you end with a call to action, make it clear and specific. Your audience should know exactly what they are called to do and have reasons for taking that course of action. Leave the participants with a memorable comment or question that ties directly back to your main point.
  • 62. Leave Them Wanting More Most messages should end in such a way that participants are inclined to crave more information you may share with them later. When appropriate, leave the audience at a climax: promise that in a future message you will provide additional useful information. The human brain seeks closure. Participants will be inclined to return to something that has not been solved completely.
  • 64. Use Your Channels To Engage And Drive Traffic
  • 65. Make Social Media Work for Your Company
  • 67. Who is doing it RIGHT?
  • 69. By the end of 2009, Dell had generated $6.5 million in sales from Twitter alone.
  • 71. On April 8th, 2008, Frank Eliason set up a Twitter account to help Comcast users in need. Since then, Comcast has helped over 150,000 customers through Social Media.
  • 73. Starbucks gave their consumers a voice
  • 74. Resulting in over 50,000 product ideas
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  • 83. What is social media? People having conversations online. Why social media? A fundamental shift in the way we communicate. How to implement? Choice of words. Learn about audience. Channels. Who is doing it right? Dell. Comcast. Starbucks. Social media in China.
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  • 85. References 1. The Razorfish Social Influence Marketing Report 2. Research Micro Blogging Trend During World Cup, Sina.Inc 3. Brands and Social Media in China, Ogilvyone Worldwide 4. Power to the People – Social Media Tracker Wave 3 5. Social Media in Asia, 360 Digital Influence, Ogilvy Public Relations 6. Digital Actions and Their Effect on Advocacy, Consumer Insights Inc. 7. eMarketer, TechCrunch.com, Los Angeles Times, Knowledge Networks 8. Social media for business, Slideshare 9. What the f**k is social media, Slideshare 10. Before you open your mouth, Slideshare Thank you very much