social media presentation by ryanmacmillan
DESCRIPTION
Presentation of the notion of social media and some steps on how to navigate the new media landscape when you're a corporationTRANSCRIPT
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Using social media toimprove customerdialogue and generateleads
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Marketing challenges
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Competitive difference
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We can help
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A definition
All of the activities, platforms andpractices that enable users tocreate and share knowledge,opinions and content.
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Social media universe
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Social media universe
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Social media universe
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Social media universe
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Social media universe
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Social media universe
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Social media universe
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1.6 million blog postsare written every dayby over 180 millionbloggers worldwide
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57% of active onlineusers have joined asocial network andcreated a network ofvirtual ‘friends’
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There are over 110MFacebook users
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75% of companiessurveyed said theywere planning tomaintain or increaseinvestments in Web 2.0technologies
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81% of companiesstated that in fiveyears, they’d bespending as much onconversationalmarketing astraditional marketing
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New ways to engageaudiences
Consumers have replaced trust in advertising with trust in individuals - in particular friends, family and colleagues. Turning to communities and away from mass media, consumers will increasingly ignore messages, insist on involvement and resonance and prefer peers’ endorsements.
Forrester Research, The Connected Agency 2008
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The challenge
To get involved in these consumerexchanges
And to understand how to makethese exchanges work in yourfavour
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People, place, points
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Marketing that is not only morerelevant and more targeted, but alsomore welcome
Social media advantage
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1. High lead conversion rates
2. Protects brand reputation & improves brand sentiment
3. Builds SEO
4. Cost effective
Social media advantage
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9 Wayssocial media can help
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Customer Retention
1. Facilitating customer dialogue
2. Engaging with customers
3. Creating advocates
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1. Customer dialogue
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Bank of America:Small Business Network
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2. Customer engagement
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American Express:OPEN Forum
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3. Creating advocates
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myBarackObama.com
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Customer Acquisition
4. As part of an integrated campaign
5. Social media direct marketing
6. Blogger relations
7. Blog & community commenting
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4. Integratedcampaign activity
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Sony BRAVIA
7m engaged users
35k downloads
19k inbound links
No.1 SERP for ‘advert’ for 2 years
£0.01 cost per engagement
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5. Direct marketingin social media
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HR Block
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6. Blogger Relations
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BreakthroughManagement Group
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7. Commenting
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B Sky B
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Research & response
8. Product development
9. Crisis management & prevention
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8. Product development
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BBC Masher
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9. Crisis management& prevention
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UK Higher EducationInstitution
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3 steps tohappy customers
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1. Listen
Can I put off repayments
I need to sell my house
What are the new small business
packages?
My Danske Bank manager has changed
I need to find out my balance
on the move
What’s happening in
Iceland?
Why are the mortgage rates
going up?
Why is my branch
opening hours changing?
I can’t access my online account
I need to find a Danske Bank
contact number
Why has this form changed?
I like the new website
How can I spend less
money?
I’m thinking about changing
my portfolio
I need to think about my pension
I’m always on hold at the call
centre
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2. Join the conversation
Talking point
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3. Keep talking…