socialnomics – the inevitable business solution
TRANSCRIPT
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Convergence 2014
Socialnomics – The Inevitable
Business SolutionUniversity of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014
WHAT IS Socialnomics ?
SOCIAL + ECONOMICS
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014WHAT IS the
DRIVING Force???SOCIAL + MEDIA
Platforms
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014Why Social Media Matters???
BIG NUMBERS Mind Boggling Numbers
REAL
$$$$$$
driving Numbers
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014 So What is Happening on Social MediaFirst a few things that we have all indulged in•Pictures – a lot of CAT and dog pictures• Gossip• Chain mails and messages• Love and HATE•Announcements•Selfies – Word of the year 2013!
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014What is Happening on Social MediaCommon Belief Groups•Photography• Conservation• Lobbying•Traveling• Fan groups•Selfies and Groupies ( yes once again! )•Asking and Recommending $$$$$
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014What is Happening on Social Media
What are folks Recommending ??? •Books• Movies• Hotels•Startups and investment ideas• Mobiles & Electronics• Social Causes ( rangde.org )•$$$$$$$$$$
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014•How did the traditional business reacted?
•It is a joke –•This is for people with no work•This will go away we have been around for 10os of years•These kids don’t know how to do business• It will never work in real world !!!!•Who will buy from Internet.??. We want to see touch and feel
BUT
BUT
BUTUniversity of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014
Nothing is stronger than an idea whose time has come-Victor Hugo
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014
•There was Stone AGE•Bronze AGE•IRON AGE•Steam Engine / Automobile / Air TRAVEL / Nuclear AGE
• AGE OF SOCIAL MEDIA
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014Some Biggest Companies today are Social
Media Companies
Social MEDIA IS Driving the big bucks for biggest companiesImpacting
3 Rs of Age of Social MEDIA
1. Reputation 2. Recall ??
3. REVENUE $$$University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014What Works on Social Media ????
We do have some idea What Does Not works !!!FORCE ?
Monopoly ??HIGH Price ???
Ostrich Approach ????
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014
So WHAT Works ???
Guesstimates based on limited
experience On the 3 Rs of Age
of Social MEDIA
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014R-Reputation
•Instant response•Multiple channels•Referrals•Influencers ( blogs, tweeters, SM celebrities )
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014R-Recall
•Contests ?•# Hashtags ?• Social Groups• Emotional events e.g special days
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014R-Revenue•Debt – Credit Card•Volumes•Money Mobility•Reach•Supply chain•Freshness
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014Viral potential
Is dependent on USABILITY or
Entertainment• Tatkal Train Tickets• What to shop in Kerala ?
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014Do check
•Social Media Platform best for your business by Neil Patel• MOZ• How to find social media influencers
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014Let us Socialize•ThedesiTraveler- Facebook•@desiTraveler -Twitter• desi Traveler - India Travel blog
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler
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Convergence 2014
THANKS desi Traveler
University of Delhi SSCBS- Convergence 2014 Socialnomics - Prasad NP aka desi Traveler