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Leveraging Social Media A new addition to your marketing mix and overall business strategy Jim Schwab VP Business Development, Alterian Sept 9, 2009

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Social Media 101, Case studies and applications

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Leveraging Social Media A new addition to your marketing mix and

overall business strategy

Jim SchwabVP Business Development,

Alterian

Sept 9, 2009

Agenda

1. Changes in customer behavior Consumer technology adoption and the impact to marketers

2. What can we do? Social Media Monitoring

3. What not to do!

4. Applications & case studies. Social Studies Group 101 WorldWide Abraham Harrison

The world has changed for marketers

It's no longer about sending a message and expecting it to be heard

Consumers trust one another more than they trust corporations & marketers

Social media gives them a way to connect They consume — and are a part of — multiple media,

simultaneously They determine what is relevant — and will avoid your

communication if they don’t want to receive it

Explosion of Social Media

Insert YouTube video talking about the overwhelming explosion of Social media in society

Consumers view marketing as irrelevant

Consumers are overwhelmed

What can we do?Social media monitoring (SMM)

SMM, a new fast growing spaceConfusion among buyers

• What’s important? How to choose a vendor? Many new vendors every day.

Incredible growth the past 6-9 monthsForrester, Aberdeen and others are noticing

Twitter“i was just talking about this the other day - how ineffective/lame the new tropicana packaging is…”

Blog“if you really want to stretch your dollars you can use your registered starbucks card to buy an iced coffee and get a free refill….”

YouTube“just got my new toshiba netbook. seems to be working reat. will be nice to use this rather then lugging around my big dell….”

What can we do?Listen, measure & engage

Social Media success is about doing 3 key things

1. Listen

2. Measure

3. Engage

Social Media Monitoring covers 1 and 2 and enables 3

• But for all areas and channels not just social media

What can we do?Listen, measure & engage

What’s important in SMM technology?1. Broad coverage

Can you capture the most conversations? Across all various platforms?

2. Meta data & historical access Intelligence about the author.Benchmarking and trending.

3.Flexible and powerful analysisFunctionality across various applications.Can you get where you need to go?

Social media monitoringA complex technology

Typical SMM Applications Client survey results, bucketed into 10 categories

1. Listening / Monitoring

2. Reputation & Crisis Management

3. Engagement & outreach

4. Market Research

5. Influencer identification

6. Competitive analysis

7. Customer support

8. SEO and link building

9. Support Loyalty Programs

10. Augment mystery shopper programs

Where – are your consumers discussing online

What Can Listening Tell You About Your Brands and Your Competitors?

Who – are the key influencers out there

What Can Listening Tell You About Your Brands and Your Competitors?

What – is being talked about including tone and specific words

What Can Listening Tell You About Your Brands and Your Competitors?

Mood – are consumers currently positive or negative

What Can Listening Tell You About Your Brands and Your Competitors?

What not to do!!Social media marketing

Old rules don’t apply!! (I’m a convert!) Don’t be blatant in your sales approach via SM

• The clique applies here It’s about engagement!!

It’s not an event or one time project SM marketing is an ongoing process Don’t create a FB page & Twitter account and then never use them

Start with responding to negatives. Be genuine!!

Client Case Studies

Robert JK Gibbs, [email protected]+1 312 608 7985

Robert JK Gibbs, [email protected]+1 312 608 7985

Wendy Scherer, Founder [email protected]+1 202 715 3884 

Wendy Scherer, Founder [email protected]+1 202 715 3884 

Chris Abraham, President and [email protected]+1 202 352 5051

Chris Abraham, President and [email protected]+1 202 352 5051

The briefClient situation #1

OLX is the next generation of free online classifieds.

Increase brand recognition Increase media exposure Increase sales

The project

OLX is the next generation of free online classifieds.

Blogger outreach Online PR

OLX wanted to run a 4 month trial period

The paybackIncrease in volume, across languages

Abraham & Harrison tapped into SM2’s historical database to compare 2009 to 2008

Abraham & Harrison tapped into SM2’s historical database to compare 2009 to 2008

The paybackYear on year increase in the US

The payback and key learnings

OLX.com web traffic increased 40% over the 4 month trial

Abraham & Harrison renewed for 12 month contract Twitter accounts in 3 languages, 5 in 6 months

Other learnings: Asian bloggers blog in English, geo-map to Asia

region SM2 maps helped Abraham & Harrison land more int’l

clients

A leading fast food company wanted to gain deeper insights into the consumer response received from its nationwide launch of a variety of coffee products.

The briefClient situation #2

How this Could be Interpreted

author: supereen

I am having a skim latte from McDonalds that is better than Starbucks. And it cost me $3 for the medium.

Yeah, they’re delicious and a quarter of the price

eww I dont like them. The only one I like is iced hazelnut

I had an iced mocha there this morning. So worth $3.

I get the iced sugar free vanilla whenever I take Peter there for lunch

Such a bargain! And good coffee to boot

They are really good.

hmmmmm Must try

I'll have to try one next time. I LOVE iced coffee.

Residual Comments

Influence

Sales

Loyalty

Price

Opinion

Custom Metrics to Identify Trends

Example Discussion Cluster: McCafé

Taste +

Strengt

h

Brands

Value

Analyze Emotion& Sentiment

Sub-ClusterReporting

Product

SizeService

Impact on Campaign

Better targeted message & better messages Test period findings led to fine tuning final

campaign

Better targeting of health food and dairy influencersNeed better targeted messagingBuild their brand among these key influencers

Engage, education

The briefClient situation #3

Client situationThe Project

12 month audit of conversations, in depth analyticsReport and recommendations deliveredSegmentation and profiles built of key targets

Approval on recommended approach to influencersOutreach and PR program

Segmentations & Profile

Their Views:“..recent concerns about excessive dairy consumption and thepossible effects on health.”

Their Profile:“They heavily reference thewritings of Michael Pollan,who advocates natural foodproduction ……..generally recommendchoosing foods from a variety of food groups.”

Favorite web sitesMost used social media channels

The payback and key learnings

Based on initial work the company has built a team (in house and agency) to do SM engagement. Begun to specialize their team

Fantastic time saver in finding influencers Can’t be salesy – this is SOCIAL media

Education materials on diet data, nutrition, gluten free…etc.

Key component of the overall marketing mix and brand efforts Strive to be the knowledge leaders for diary related health foods

Market & thought leader type conversations have increased

Social Media and the Empowered Consumer

This Change is not GOING to HappenThis Change HAS Happened

Have You?

Thank you

Jim Schwab

+1.585.261.9433

[email protected]

@jimschwab

Sign up for a free SMM account.

SM2 Freemium http://sm2.techrigy.com