SOLOMO - The convergence of three huge digital trends

Post on 09-May-2015

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What does SOLMO mean? This presentation explores three of the biggest trends in digital marketing - social, location and mobile. It was originally presented at the Melbourne Business School Digital Club launch. We hope you enjoy it!

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SOLOMO THREE HUGE

DIGITAL TRENDS

WHAT IS IT?

ANOTHER IRRITATING MARKETING BUZZWORD

!

BUT…

WHAT IS IT?

SOCIAL MOBILE LOCAL

THESE THREE TRENDS REALLY ARE A BIG DEAL…ESPECIALLY WHEN YOU COMBINE THEM

SOCIAL

WHAT IS SOCIAL MEDIA?

Social media Interactive Shareable Conversational Dynamic Many-to-many

Traditional media Detached

Difficult to share Promotional

Static One-to-many

How is different from traditional media?

WHAT IS SOCIAL MEDIA?

Favourite definition:

“SOCIAL MEDIA IS WORD OF MOUTH ON STEROIDS”

THE POWER IS SHIFTING BACK TO THE PEOPLE

THE POWER OF ONE PERSON

• MAKES A VIDEO • OVER 13.9 MILLION VIEWS • STOCK DROPPED BY 10% • COST SHAREHOLDERS $180M

United Breaks Guitar by Dave Carrol

IT’S COMPLICATED!

AUSSIES LOVE SOCIAL MEDIA

65% OF AUSTRALIANS

USE SOCIAL MEDIA

SOCIAL MEDIA REPORT - YELLOW, 2013

AUSSIES LOVE SOCIAL FACEBOOK

95% OF AUSTRALIAN SOCIAL MEDIA USERS USE FACEBOOK

SOCIAL MEDIA REPORT - YELLOW, 2013

WHEN DO WE USE SOCIAL?

SOCIAL MEDIA REPORT - YELLOW, 2013

INSIGHT

“Test when your posts result in the most reach and engagement. Have you tried posting late at night or early in the morning when usage

on social media peaks?”

DEVICES USED TO ACCESS SOCIAL

SOCIAL MEDIA REPORT - YELLOW, 2013

INSIGHT

“For the first time in Australia smartphones are the most

popular device to access social with. Make sure your campaigns and apps are optimised to work

across all devices.”

TOP 5 SOCIAL NETWORKS

SOCIAL MEDIA NEWS - MAR, 2014

13,200,00012,600,000

3,650,0002,500,000 1,600,000

INSIGHT

“There’s plenty of hype around new social networks such as

Pinterest and Instagram, but the reality is that Facebook is the dominant player Australia.”

WHICH SITES HAVE WE STOPPED USING?

SOCIAL MEDIA NEWS - MAR, 2014

45%

18%12%

9%12%

INSIGHT

“Measure success across different social media networks.

If you are not getting results, invest your time elsewhere.”

TOP 5 REASONS FOR USING SOCIAL?

1. TO CATCH UP WITH FAMILY & FRIENDS 2. TO SHARE PHOTOS OR VIDEOS 3. TO COORDINATE PARTIES OR EVENTS 4. TO GET INFORMATION ON NEWS & CURRENT EVENTS 5. TO FOLLOW OR FIND OUT ABOUT A BRAND OR BUSINESS

SOCIAL MEDIA REPORT - YELLOW, 2013

INSIGHT

“The most common reason for people using social is catching up with friends and family. Remember this when you

plan your content as you are competing against friends and family for share of voice. Always aim to connect with your

audience and add value.”

THE MOST ENGAGING FACEBOOK POSTS IN BANKING

COMM BANK

THE MOST ENGAGING FACEBOOK POSTS IN BANKING

WESTPAC

THE MOST ENGAGING FACEBOOK POSTS IN BANKING

COMM BANK

THE MOST ENGAGING FACEBOOK POSTS IN BANKING

WESTPAC

THE MOST ENGAGING FACEBOOK POSTS IN BANKING

UBANK

THE MOST ENGAGING FACEBOOK POSTS IN BANKING

NAB

IT’S NOT JUST ABOUT MARKETING

• CUSTOMER SERVICE • PUBLIC RELATIONS • SALES • HUMAN RESOURCES • DATA • RESEARCH

MAKE PEOPLE PART OF YOUR CAMPAIGNS

TOP FIVE SOCIAL TIPS

1. SET CLEAR OBJECTIVES 2. DO FEWER CHANNELS WELL 3. BE AUTHENTIC AND HUMAN 4. GIVE PEOPLE WHAT THEY WANT 5. MEASURE & OPTIMISE EVERYTHING

MOBILE

WHAT IS MOBILE?You probably think about smartphones but mobile

is so much more than that

MOBILE PENETRATION

SMARTPHONES TABLETS2010 2013 2018

93%73%

36%

Australians between 15 and 65 Frost & Sullivan

2012 2013 2018

49%33%

Households with at least 1 tablet Frost & Sullivan

80%

Gartner predicted that by 2013 mobile phones would overtake PCs as the most common web

access device worldwide

MOBILE IS BECOMING THE PRIMARY DEVICE

MOBILE DEVICES SURPASS DESKTOP IN ONLINE RETAIL

vs

45% 44% 11%

comScore - June 2013

IMPLICATION

“Mobile must be a central component of any digital strategy”

Tablet users spend 20% more per purchase than on their smartphone

INSIGHT

comScore - September 2013

THERE’S A LOT MORE TO MOBILE THAN JUST INTERNET

ON YOUR PHONE

• Apps • New ways to capture and share • Payment integration • Location aware • ‘Internet of things’

CONNECTED MOBILE OBJECTS

WE’RE ENGAGING PEOPLE IN NEW WAYS

View project View projectView project

AUSTRALIA POST: VIDEO STAMP

MOBILE DEVICES ARE EVOLVING

SMART WATCHES

GOOGLE GLASS

APPLE CARPLAY

OCULUS RIFT

“Mobile isn’t just another medium from which users can access your

website. It presents new and exciting opportunities to engage with your customers, and do so at

the right time and place”

KEY TAKEAWAY

LOCATION

WHAT IS LOCATION MARKETING?

“Reaching consumers at the right time, at the right place, with the

right message”

“Content, media and services adapted to a person’s physical

location”

LOCATION BASED SERVICES

Powered by: !

• GPS • WiFi • Bluetooth Low Energy • iBeacon • NFC

BLUETOOTH LOW ENERGY BEACONS

Beacons are small devices that broadcast radio signals using Bluetooth Low Energy. !

Smartphones that are nearby communicate with the beacon and deliver content and experiences.

PHONES CAN SEE WHAT’S AROUND THEM & PROVIDE CONTENT AT THE RIGHT TIME & PLACE

BEACONS IN ACTION - VIDEO

WE DECIDED TO BUILD A PRODUCT

!

CMS platform that use beacons to deliver content and experiences to people based on proximity to things in the physical world.

LIGHTHOUSE

View project

FOR MARKETING, THE VALUE LIES IN…

• More efficient media spend • More relevant messaging • More sales and loyalty

BEACON ENABLED ATM’S

• LOCATING ATM’S • TARGETED ADS ON

SMARTPHONE • IMPROVED SECURITY

WESTPAC NZ LEADS THE iBEACON RACE• SPECIAL OFFERS • ALERT STAFF WHEN

CUSTOMER ARRIVES • DRIVE INSIGHTS FROM

BRANCH ANALYTICS

TAKE OUTDOOR ADVERTISING TO THE NEXT LEVEL

BACK TO SOLOMO…

LET’S RECAP

• There is a shift from pushing out messages to engaging consumers with unique and rewarding experiences

• SOCIAL, LOCAL, MOBILE are three very important digital trends and are driving marketing and business innovation

• When combined they can deliver powerful consumer experiences

WHO’S DOING IT WELL?

These brands are all experimenting with SOLOMO

HARNESS GPS TO DELIVER AN AUGMENTED BRAND EXPERIENCE

SYNC YOUR AMEX CARD TO FOURSQUARE AND CHECK-IN FOR DEALS

MINI GETAWAY STOCKHOLM

MDC FUNDRAISING MOBILE APP

Raise funds for breast cancer research when you walk or run. !All you have to do is get moving. As you walk or run we’ll track your distance and then donate 10c to breast cancer research for every kilometre travelled up to $50,000. !When you’ve finished your walk or run, share with friends and encourage them to sponsor you.

GOOGLE GLASS RACE YOURSELF

“THINK ABOUT WAYS ME BANK CAN HARNESS SOLOMO TO ENHANCE THE CUSTOMER

EXPERIENCE AND DRIVE DEEPER BRAND ENGAGEMENT”

A FINAL THOUGHT

THANKS

CONNECT WITH ME

@bhowden

inlight.com.au