34 Social Media Truths in a Nut Shell

Post on 17-Oct-2014

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Becoming a social business doesn't happen overnight. It is tough to decipher the truth from the reality when making decisions to bring the highest return on investment (ROI.). This deck summarizes 34 social media truths every business must understand. Social media is not a band-ain for a broken business. The best thing you can do is get in the head of your audience, set goals and objectives and then align your social media efforts to the business goals where you can have the greatest impact. This specific presentation was used by Pam Moore @PamMktgNut CEO & Founder of Marketing Nutz, a full service social brand and digital marketing agecy during her keynote speech at the Rochester Institute of Technology SMACS RIT event in NYC. Visit Pam's blog at http://www.pammarketingnut.com for more information on each of these topics. Subscribe to the entire Social Media Truth Series here: http://www.pammarketingnut.com/35-social-media-truths-subscription/

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social biz with a side of nutz! Copyright Marketing Nutz 2012

Social Truths in a Nut Shell

34 in a Nut Shell

Social Truths

social biz with a side of nutz! Copyright Marketing Nutz 2012

People don’t buy things, they join things

social biz with a side of nutz! Copyright Marketing Nutz 2012

People don’t buy things, they join things

NOT about CONTROL

social biz with a side of nutz! Copyright Marketing Nutz 2012

COMMUNITIES CREATE MARKETS

Opportunity Harvest

Free member

Paid member

Loyal evangelist

Community Zone Customer Zone

$ $

social biz with a side of nutz! Copyright Marketing Nutz 2012

3

[ 3 ] Be Your Own

Duck!

social biz with a side of nutz! Copyright Marketing Nutz 2012

4

[ 4 ] Not About NEXT

“Big thing”

social biz with a side of nutz! Copyright Marketing Nutz 2012

5

[ 5 ] Lead with Results

social biz with a side of nutz! Copyright Marketing Nutz 2012

Welcome to the INSPIRATION

Age!

social biz with a side of nutz! Copyright Marketing Nutz 2012

social biz with a side of nutz! Copyright Marketing Nutz 2012

Social Currency = ACTION

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 6 ] It’s what Happens AFTER the LIKE & FOLLOW

6

that matters Most !

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 7 ] Don’t Do social,

7

“Be Social”

social biz with a side of nutz! Copyright Marketing Nutz 2012

“Doing Social Media” is NOT the Objective!

social biz with a side of nutz! Copyright Marketing Nutz 2012

Social media plugs into your Business

Busin

ess

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 8 ]

8

Goals are key to Success

Objectives &

SMART

social biz with a side of nutz! Copyright Marketing Nutz 2012

social biz with a side of nutz! Copyright Marketing Nutz 2012

Align Social with top Business Goals

impact

Pick Goals where social can have an

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 9 ]

9

Realistic Be

social biz with a side of nutz! Copyright Marketing Nutz 2012

Corporate

Risk management

Leadership development

& culture

Value metrics

Business unit

Consistency across brands

Social strategist &

CXO

ROI metrics

Brand

Channel focus Community manager & education

Engagement metrics

Objectives Differ by Level

Source: Altimeter Group

social biz with a side of nutz! Copyright Marketing Nutz 2012

Source: Altimeter Group

Use appropriate Metrics at each level

LOB/Geo Stakeholders

Social Strategist/Community

Manager

Business metrics: revenue, CSAT, reputation.

Social media analytics: Insights, share of voice, resonance, WOM.

Engagement metrics: fans, followers, clicks.

Corporate

social biz with a side of nutz! Copyright Marketing Nutz 2012

• Strengths and weaknesses? • Demonstrate impact of strategic work • What training is required? • Change management needs? • Categories for readiness assessment

Assess readiness to be social

• Mindset • Stakeholder buy-in • Realistic expectations • Roles (client have social zoom agent?)

• Customer profile • Market analysis • Competitive analysis

• Processes • Organizational

model • Communication • Education • Monitoring • Reporting • Budget

Based upon: Altimeter Group

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 10 ]

10

STOP Random Acts Social Media (RAMs)

Random Acts

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 11 ]

11

Tools are the TACTICS NOT the PATH!

Tools

social biz with a side of nutz! Copyright Marketing Nutz 2012

Evaluate each initiative

Impact How does it support an objective?

What metrics matter?

Readiness Do we have

people who can do this?

Is there budget?

Risks What are the risks if

we do this? What if we don’t?

Priority Does this initiative

enable other work?

Source: Altimeter Group

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 12 ]

12

Sum of all parts is greater than the individual tools (Learn the Ecosystem)

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 13 ]

13

Social Relationships

Life Raft

are the Life raft of Tech changes

social biz with a side of nutz! Copyright Marketing Nutz 2012

It is

about the PEOPLE, STUPID !

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 14 ] One thing is Certain, things are going to change

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 15 ]

15

Deal with the HARD stuff NOW !

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 16 ]

16

Skeletons will fall out of closet

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 17 ]

17

Social Media will not fix your Broken Business

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 18 ]

18

Slow down to Speed up !

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 19 ]

19

You will Tick people off

social biz with a side of nutz! Copyright Marketing Nutz 2012

Maybe even get Fired ?

[ 20 ]

20

social biz with a side of nutz! Copyright Marketing Nutz 2012

Your kid might be ugly!

[ 21 ]

21

social biz with a side of nutz! Copyright Marketing Nutz 2012

Ya gotta [ 22 ]

22 Start somewhere

Perfection enemy of GOOD !

social biz with a side of nutz! Copyright Marketing Nutz 2012

Your Mission [ 23 ]

Understand where the audience is hanging out online & learn how to have a relevant conversation with them that helps meet business goals.

social biz with a side of nutz! Copyright Marketing Nutz 2012

All Conversations are NOT created equal

[ 24 ]

social biz with a side of nutz! Copyright Marketing Nutz 2012

Hang with 9 brokes,

You’ll be the 10th!

[ 25 ]

25

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 26 ]

26

• Blog • Facebook • Google+ • Twitter • LinkedIn • Tweet Chats • Quora • Triberr • Leverage offline network

You Need Friends !

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 27 ]

27

Stop INTERRUPTING

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 28 ]

28

Know Your Audience

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 29 ]

29

Solve Problems

AT&T Wireless more than Social Lip Service

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 30 ]

30

Talk to Me Like a Human!

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 31 ]

31

It’s NOT about….. YOU!

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 32 ]

33

• Community growth • Blog & website analytics • Reach • Engagement • Relevancy • Influence • Sentiment • Achievement of goals

Measure the Right Stuff

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 33 ]

33

Take time to TAME the Social Media

BEAST!

social biz with a side of nutz! Copyright Marketing Nutz 2012

[ 34 ]

Shape Up or Ship Out

social biz with a side of nutz! Copyright Marketing Nutz 2012

Sometimes you feel like a nut,

Sometimes you don’t !

http://youtu.be/s55QoIZScP4

social biz with a side of nutz! Copyright Marketing Nutz 2012

1

THAT’S IT, IN A NUTSHELL!

social biz with a side of nutz! Copyright Marketing Nutz 2012

Let’s get real! Agency: themarketingnutz.com Facebook: Pamsfanpage.com Blog: pammarketingnut.com Twitter: @PamMktgNut

So, You Think Your Business is SOCIAL?