social media strategy and business models

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brings you a presentation Klik for at redigere titeltypografi i masteren Social media Business models and strategies

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A presentation for www.startupbootcamp.dk

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Page 1: Social Media Strategy and Business Models

brings you a presentation

Klik for at redigere titeltypografi i masteren

Social mediaBusiness models and strategies

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differentfrom other media

Social media are

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The internet is NOT a

medium

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The Internet has mediated us all

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Cogito ergo sum has becomeI blog/Tweet/Facebook/Youtube/flickr therefore I am

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What is the consequence?

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Deportalization

Companywebsite

Wikipedia

Facebook

Twitter

User reviews

Blogs

Pricecomparison

Mobile apps

Company

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5 things to remember

and

5 business models

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S.C.O.R.E

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Be socialS.C.O.R.E

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Be Social: All business is about social relations

Social media simply amplifies your voice

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Be co-creativeS.C.O.R.E

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In your marketing

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In your product development

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Be openS.C.O.R.E

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Be rewardingS.C.O.R.E

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Be Rewarding: Money, honour, a batch...

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Be evaluatedS.C.O.R.E

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Be evaluated

#petersvarretalk

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5 business models

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The media model

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Give it away for free and make money advertising

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The freemium model

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Give a lot (but not everything) away for free

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The app model

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The app model 1: App-vertising

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The app model 2: Money making apps

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The app model 3: Selling apps

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The golf club model

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Business is social!

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The intranet model

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Optimize the knowledge of your company

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Social media strategy

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Product development How can you improve your existing products by adding social features?

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Product developmentHow can you improve your existing products by adding social features?

•Build community around your product•Add sharing functionalities (share how you use the product)•Add digital by-products (if your own product is not digital as a start)•Make your product free (if this is possible)•Make parts of your product free•Add rating systems•Add tagging systems•Add commenting/discussion around your product•Deportalize your product (or by-product)•Crowdsource the development of your product

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Marketing How can you make your (potential) customers talk about your product?

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Product marketingHow can you make your (potential) customers talk about your product?

•Give them a reason to talk or act•Market to your existing customers•Deportalize your communication•Create digital by-products which are social and support the use of your product or your brand.•Give away the product or parts of the product for free•Create community around your product•Give people access to improve your product•Give people access to rate your product•Give people access to talk about your product•Give people access to talk to each other about your product (tips & tricks, improvements, better uses, etc.)•Make it possible for customers to tell other customers when they are using your product•Give access to all information about the product and how it is produced (and add sharing functionality)•Reward participation around your product

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Company positioning How can your company become part of the conversation about the company and its

products?

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Company positioningHow can your company become part of the conversation about the company and its products?

•Become mediated in everything you do•Share valuable information – become an information hub•Aggregate valuable information – become an information hub•Be open – don’t hide anything•Be honest•Listen to the conversation and participate in spaces where people talk about your: •Company•Products•Subjects related to your products

•Invite people inside the company•Show off your employees•Encourage employees to participate in social media•Create a social media charter for your employees if necessary•Make people part of your product/business/brand development

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Internal communicationsHow can you leverage social

technologies to make your employees engage in conversation?

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Internal communicationsHow can you leverage social technologies to make your employees engage in conversation?

•Make it possible for employees to stage themselves on the social platforms•Break down barriers between the external and internal so that employees can use their existing social profiles within the organization and vice versa•Make it possible for the employees to show many facets of themself (work, sports, culture, fun, etc)•Reward the use of social platforms•Elevate employees who are good at using the social platforms•Make it fun/interesting/relevant to use the social platforms•Eradicate the rigid barrier between business and social•Make participation on social platforms a necessity for a career within the company•Create a connection between the social media realm and real events and happenings in the company•How to do it:

•Use existing social media technologies like Facebook or Twitter•Use easy modifiable tools such as Wordpress•Use specific social media tools made for internal use Yammer, 23video etc.•Build your own social media solutions from the bottom up

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