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The Benefits of Social Media for Business

Date post: 28-Oct-2014
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This presentation provides an introduction to the full spectrum of social media from marketing output amplification and customer engagement to business productivity, reputation building and brand development. The presentation will answer questions such as how will my business benefit from social technologies, platforms, tools and services, how do I maintain control of my assets and maintain an effective presence with minimal costs and which area of my business should I apply social media to first?
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May - June 2010 Transformational ICT The Benefits of Social Media for Business
Transcript
Page 1: The Benefits of Social Media for Business

May - June 2010

Transformational ICT

The Benefits of Social Media for Business

Page 3: The Benefits of Social Media for Business

Agenda

> Social Media – Quick reminder

> 7 Roads methodology

> Social Media in action

> Successful engagement

> Making it simple

> 3 Point Action Plan

Page 4: The Benefits of Social Media for Business

Where do we go from here?

Page 5: The Benefits of Social Media for Business

Old Media vs. New Media

“Don't add technology to the way you do things, change the way you do things when you see what the technology can do.”

Marcus RomerArtistic Director - Pilot Theatre Company.

Page 6: The Benefits of Social Media for Business

Social Media

The online tools and platforms that people use to share opinions, insights, experiences, and perspectives with each other.

Social media can take many different forms, including text, images, audio, and video.

Popular social mediums include blogs, message boards, podcasts, wikis.

Page 7: The Benefits of Social Media for Business

7 Roads of Social Media

1. Generate new leads / find work?

2. Provide customer service?

3. Improve customer retention?

4. Increase your knowledge?

5. Competitors alignment & metrics?

6. Establish your authority as an expert?

7. Do business more productively?

Page 8: The Benefits of Social Media for Business

Business Benefits

> Cost effective web updates

> Greater control of your web content

> Boosted organic Google listings

> Cost reduction on printed materials

> Strengthens networked connections

> Collaborative knowledge sharing

Page 9: The Benefits of Social Media for Business

What can it do?

> Greater access marketing materials

> Greater reach marketing materials

> Facilitates word of mouth sharing

> Enables viral sharing

> Increases repeat business

> Rewards advocacy

Page 10: The Benefits of Social Media for Business

Tell me...

> When do you feel least in control of your online activity?

> When do you feel most in control of your online activity?

Page 11: The Benefits of Social Media for Business

Time

> Email updates

> Mobile updates

> User generated content

> Voice to text

> Webinars

> RSS

Page 14: The Benefits of Social Media for Business

Facebook – is it safe?

http://nyti.ms/bAj58M

Page 15: The Benefits of Social Media for Business

Facebook – what’s on offer?

> Status Updates

> Groups & Fan Pages

> Forum discussions

> Notice Boards / Wall

> RSS Feeds

> PPC targeted advertising

> Video & Photos

> IM live chat

Page 16: The Benefits of Social Media for Business

The State of Facebook

>News Feed

>Profile

>Groups

>Pages

>Applications

>Likes

Page 17: The Benefits of Social Media for Business

Nov 20081,623 members

Facebook Groups

2064

1195

140

745

341

800

August 20093,539 members

6 Scotland based Groups

May 20105,285 members

Page 19: The Benefits of Social Media for Business

Twitter

Page 21: The Benefits of Social Media for Business

Twitter - land

> Stats & Analytics tools

> Tacking conversations

> Many Tweets in one stream

> Twitter central control

> Promotions

> Backchannel

> Research

Page 22: The Benefits of Social Media for Business

Engage & Listen

> Reinforce existing connections> Stay informed

Page 23: The Benefits of Social Media for Business

Community & Collaboration

> Recent activity

> Status updates

> Personal profiles

> Groups

> Forums

> Blog / Notice board

> Events calendar

> IM live chat

> Photos / Video / Audio

> Measurable stats

www.axiscentre.ning.com

Page 25: The Benefits of Social Media for Business

Sample campaign

> Campaign> Goals> Promotion> Cost to create (including time spent)> Reaction

Slideshow and accompanyingblog post demonstrating ROI

Page 26: The Benefits of Social Media for Business

Adding perspective

> Visitor time spent at the target media> Flickr and Twitter views > View from embeds> URL shortener clicks

Figures taken from an original presentation created by Julie Delvaux

Page 27: The Benefits of Social Media for Business

ROI Price List

> Unique visit to the blog post - £1 ( timed by av. time on post)

> Each returning blog visit - £1.50

> A view on SlideShare (excl. embeds) - £1

> A view from embeds - £2

> A view of the screen grab on Flickr - £0.50

> A view of the link on Twitter/bit.ly - £0.50

> A comment - £1.50

> A SlideShare download - £1.50

> A fave on SlideShare - £1.50

> An embed from SlideShare - £1.50

> A Flickr click-through - £1.50

> A Twitter click-through - £1.50

Page 28: The Benefits of Social Media for Business

ROI – Worth vs. Return

> Can you relate social media engagement to purchases?

> What metric are currently in place to measure existing business ROI?

> What is your goal with each social media campaign?

> How are you going to measure the goal?

> Does authority and reputation have a monetary equation?

Page 29: The Benefits of Social Media for Business

Social Media in action

Manchester International Festival

Page 30: The Benefits of Social Media for Business

Old Media meets New Media

> Magazines> Papers> Fliers> Posters> Programs> Business Cards> Buses> Signs> T-Shirts

Page 31: The Benefits of Social Media for Business

Engagement

> QR codes> Geo-location

http://bit.ly/b71cEe

Page 32: The Benefits of Social Media for Business

Events & conferences

Page 33: The Benefits of Social Media for Business

Ambient participation

Page 34: The Benefits of Social Media for Business

More than on paper…

www.slideshare.net/pcmcreative

Page 35: The Benefits of Social Media for Business

Making it Work

> Start small.

> Schedule social media time.

> Make the web part of your process.

> Pick your platforms.

> Define your goals & expectation.

> Formalise practice and conduct

http://bit.ly/policytool

Plan – Prep – Deliver – Reflect - Report

Page 36: The Benefits of Social Media for Business

Call to Action

Identify your top 3 priority roads3 services to investigate furtherRun the Policy Tool

Page 37: The Benefits of Social Media for Business

Questions

WEB: http://www.pcmcreative.com BLOG: http://pcmcreative.typepad.comTWITTER: http://twitter.com/pcmcreativeRETAGGR: http://www.retaggr.com/card/pcmcreative

Home of the Purple COG MonsterInternet Strategies that work - PCM creative provides web consultancy, social media and optimisation packages for creatively minded people looking to affect change and explore the potential of incorporating a new media strategy into their business.

PCM creative in action community network on Ning


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