harnessing social media to generate buzz presented by sandeep junnarkar associate professor cuny...
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Harnessing Social Media to Generate Buzz
Presented by Sandeep Junnarkar
Associate Professor
CUNY Graduate School of Journalism
Sustainable Tourism Lab, Pawtucket, RI
May 20, 2009
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Buzz, the old fashioned way
• Buy ad space
• Broadcast info in one direction
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What's all the fuss with Social Media Optimization (SMO)?
• Wisdom of the crowds
• Voting system
• Forming valuable connections
• Generating peer-to-peer interest
• Unlimited reach
• Embedded spokespeople
• Persons of great influence
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Is it for real?
• Examples of Social Media Marketing– Procter & Gamble's Capessa– Phillips-Van Heusen’s Arrow– BMW– Aqua Dulce
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SMO advertising exploding
• $300 million in 2006
• $900 million in 2007
• $2.5 billion by 2011
» Source: eMarketer
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Goals of Social Media
• Connecting & Bonding
• Sharing content
• Gathering content
• Voting on content
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Connecting & Bonding
• MySpace
• Friendster
• Blogs
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Creating content
• Blogs
• Wikis
• YouTube
• Mashups
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Gathering content
• Blogs
• Wikis
• Podcasts
• Flicker.com
• iTunes
• RSS
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Sharing Content
• Blogs• Del.icio.us• Digg• Email this• Tagging• Reddit• StumbleUpon• RSS
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Flocking for real?
• 60 million active users on Facebook
• 300 millions MySpace accounts
• 112 million blogs, according to blog tracker Technorati
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What's the gain?
• Digital word-of-mouth advertising
• Long-term conversation with customer
• In-depth feedback from smaller, but dedicated group
• New product or service ideas
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Any pain?
• Overwhelming for some customers
• Social networking fatigue
• Powerful big mouths
• Loss of control of message
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Understanding Online culture
• Yes, you could lose control
• Conversation will occur without you
• Join in
• People will form their own opinion
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Setting up shop
• Multi-prong approach
• Easy: Use on page tools like Digg, Email This, Redditt, StumbleUpon
• Harder: Create great content
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What is "great content?"
• Keep the “sell” out of it
• Observe Web etiquette
• Localize
• Target a niche
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Five rules of SMO
1. Increase your linkability
2. Make tagging and bookmarking easy
3. Reward inbound links
4. Help your content travel
5. Encourage the mashup
Source: Rohit Bhargava's Influential Marketing Blog
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Benefits for travel industry
• Tourists share their favorite experiences, restaurants, hotels, hikes
• Entries about Blackstone Valley are linked to national travel sites and forums
• Feedback helps you improve your services
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Summary and Conclusion
• Conversation is occurring
• Join in
• Offline ads to push people online
• Have to live up to the buzz
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Questions?
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From free to ouch!
• Tools are available for free
• Consultants charge $3,000 to $15,000 a month for smaller companies
• Fortune 500 SMO campaigns reach into the millions.