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If you ask different people,Whatis Social Media?...they will all give you a different answer... Social media is; Interactive Shareable Conversational Dynamic Many-to-many Traditional media is; Detached Difcult to share Promotional Static One-to-many
My favourite denition:
United breaks David Carroll's guitar and makes little effort to compensate him. So David does what's natural to him: he makes a music video.Four days after the videos release, United Airline's stock price dropped 10%, costing stockholders over $180m in value. The video has had over 12 million views.
People are no longer targets for your marketing, they are part of your marketing
Its complex!
8%
5%
4%
3%
2%
38%
Average = 12.4 per month Source: Sensis Social Media Report, 2011
20-29
52% 20% 12% 6% 4% 7% 21.4
30-39
39% 9% 10% 6% 9% 27% 15.2
40-49
14% 11% 7% 5% 22% 41% 7.9
50-64
15% 5% 7% 5% 5% 64% 6.5
65+
5% 3% 5% 8% 10% 69% 3.1
Almost all of those aged under 30 (93%) are using social sites and the majority are using them everyday.
Which sites?
0% Facebook LinkedIn Twitter Myspace Other 20% 40%
97%
60%
80%
100%
120%
9%
8%
4%
3%
Australian members
1,510,000
Virtual pinboard. Allows you to organise and share all the beautiful things you nd on the web. Fastest growing site in history.
650,000
377,550
Total
93% 56% 32% 26% 24% 18% 15% 14% 12% 12%
Source: Sensis Social Media Report, 2011
10%
20%
30%
57%
40%
50%
60%
41%
41%
36%
32%
32%
30%
PLAN
- Create governance & SLAs - Key stakeholders - Training
ENGAGE
- Content scheduling - Management tools - Community management
AMPLIFY
- Distribute content - Campaigns - Build awareness of channels
OPTIMISE
- Reporting & insights - Learnings - Adjust strategy
Key considerations
Social impacts all areas of your business Social helps amplify marketing and activity and conversions Customer service enquires are inevitable and require continuous optimisation Social is often used by customers as the channel of last resort Social helps reveal key business issues Community management and content development is resource intenstive Content is king - but it must be the right content Third part listening and management tools are essential Social media and content are going to play a greater role in determining search rankings
EARNED MEDIA
- Estimated value of social impressions - Estimated value of engagements - Impression benchmarking against paid channels
METRICS
- Referral site conversions - Leads generated - Sentiment index - Number of fans and estimated value - Engagement index
ACQUISITION/RETENTION
- Number of enquiries resolved - Number of customers saved - Number of customers acquired
Telstra
STRATEGY: CUSTOMER SERVICE Local pioneers / innovators Buy in from the top 60 trained staff Cross channel / cross platform RESULTS: reduction in call volumes, combined with some of the lowest churn rates in the world for mobile and xed line services - David Thodey, CEO
AAMI
STRATEGY: CUSTOMER SERVICE Leveraging from core brand proposition Buy in across the organisation 12 trained staff Marketing programs social by design AAMIs Rhonda goes viral RESULTS: High customer resolution via social media and signicantly increased reach and and engagement of existing marketing campaigns. Winner of Best Use of Social Media at 2012 AB+F Awards.
DELL
STRATEGY: CUSTOMER SERVICE Social informs business decisions 3,000 trained staff, decentralised model Social certication program Cross channel / cross platform RESULTS: The sales benet to Dell of running a social media program runs into the tens of millions - Dave Rishi, Executive Director of Online
Gizmodo published this photo of an exploding Dell laptop. The image spread like wildfire across the internet, causing Dell to eventually recall over four million laptop batteries. Dell eventually responded to the blogs, but it was the delayed response that put a cap on the period known as "Dell Hell." Should have responded sooner.
AMEX
STRATEGY: CUSTOMER SERVICE & MARKETING ENGAGEMENT Small Business Saturday (now a movement) 2.8 million Facebook fans Surprise and delight program Listens and asks for feedback from community Strong integration between products and social e.g. couponless deals via Facebook and Twitter
AMEX
SMALL BUSINESS SATURDAY - now a movement
AMEX
COUPON-LESS DEALS
Mobile Big data (business intelligence) Social Commerce Social CRM Shift to content marketing