Date post: | 07-Nov-2014 |
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Business |
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PLAYING WITH MATCHES…
@iNDELIBLEmedia @RossGlick
WE WILL COVER…
• The New Relationship
• If You’re Just Getting Started
• Factoids
• The Anatomy of a Social Campaign
• Key Performance Indicators
• So How Do We Measure?
• The Social Media Platform
• Owned Media
• Paid Media
• Earned Media
• Future Relevance of Social Media
• How Social Media Media Found Me
ONCE UPON A TIME…
THE PROGRESSION
NOW…
THE NEW RELATIONSHIP
The social media wildfire has enchanted, baffled, and disturbed businesses, marketers and consumers alike.
A Brand is no longer what it tells its consumer it is, it’s what consumers tell consumers it is.
The master/servant relationship has now become peer to peer.
A healthy social media venture may include:
• Having a dedicated social team or individual capable of handling the workload of your brand in social media
• Establishing your foundation with the proper education, research, and social networking policy. • Maintaining a collective voice for your social media endeavors
• Understanding that Social Media is Alchemy or that it’s a combination of Magic and Science; trust your instincts when speaking to your audience online
IF YOU’RE JUST GETTING STARTED
• Define your narrative • Position for high levels of engagement
• Make your video widely accessible to facilitate amplification
• Connect passion with interest
• Discern between awareness and direct selling/promoting
AND… SOME MORE FACTS & FIGURES
• Online video viewers will reach 169.3 million in 2012
• More than 63% of US adults look at online video content WHILE watching traditional TV
• Video ads saw another record-breaking month with nearly 9.5 billion views, representing 1 in 5 videos viewed online in April
• Four out of five internet users consume online video in a given month and the number of Americans who watch online video in an average day has increased 30% in the past year
• Beauty and fashion channels have some of the most subscribers on their channels: – Michelle Phan – 1,980,477 subscribers
– Bubzbeauty – 1,047,758 subscribers
• More than 200 million people in Europe watched an average of 20 hours of online video every month
• 46% of online video viewers are likely to seek out participating brands during their experience.
• 51% of online video viewers (ages 18-44) say that if they watch a video online that mentions a brand, they will look that brand up
• Conversely 58% of these users who follow brands on social media will check out a video posted by a brand they follow.
THE ANATOMY OF A SOCIAL CAMPAIGN:
Social Media Campaign Structure: The Basic Questions
– Connect and Find your consumer – Creative Content – Excite – Launch – Listen – React – Measure – Optimize
KEY PERFORMANCE INDICATORS
KPI’s are similar to the gauges in your car with GPS-like tendencies.
Types of Key Performance Indicators or KPI’s
– Blog Mentions, 3rd Party Placements and CT’s
– Facebook “Likes”
– Facebook Shares
– Twitter retweets
– Impressions
SO HOW DO WE MEASURE?
THE SOCIAL MEDIA PLATFORM
OWNED MEDIA
Channels in social media which you own and register as a brand • Email Database
• Social Channels – Pinterest – Twitter – Tumblr – Facebook – Instagram
• Website
PAID MEDIA
Paid media cannot stand alone. Today’s Trans-media Distribution Systems require Paid Media to be harmonized with all other communication activities. Examples of Paid Media in social are listed below:
– Paid Content Partners – Display Advertising – Sponsorships – SEM
EARNED MEDIA
• Is the result of public & media relations efforts to gain coverage in publications – on and offline without having to advertise.
FUTURE RELEVANCE OF SOCIAL MEDIA
• Staying Mobile • Staying Niche • Staying Meaningful
PLAYING WITH MATCHES… BEFORE DATA AND ANALYTICS EXISTED
MAC Cosmetics, a company that attacks the boundaries of fashion, art, film, music, is a pioneer in cause marketing and does NOT do Paid Media.
Despite MAC Cosmetics’ exponential growth worldwide, they were a little tardy in the lip-primer category – a HUGE category in the beauty industry.
In 2006, MAC Cosmetics struck a match and started a social media firestorm.
@iNDELIBLEmedia@RossGlick