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under the radar:
how trying to ignore social media
      can undermine your business
[objectives]


 explain what social media
  is and why you should care
 give you some ideas for how
  to use it
 describe new trends
 answer your questions
what’s
               your
               favorite
               childhood
               meal?
social media
“…people have been endlessly
fascinated by one another for a
very long time. social networking
is not new; we just have new ways
to do it.”
                 -joe kraus, google
there are a lot of tools.
[what is social media]

“social media is not about facebook or flickr
or twitter or blogs or youtube. It’s about
having a strategy for making your company
or organization more like a person and less
like a machine.”
  - jason baer, www.convinceandconvert.com
social media is:                  social media isn’t:
    a conversation                   a sales pitch
    a good way to raise your         a guaranteed book deal or
     internet profile                  appearance on Oprah
    a way for potential clients      a get-rich-quick scheme; a
     to find and get to know           panacea; or an excuse to
     your business                     stop selling
    a marathon                       a sprint
    a targeted community of          a giant audience of any
     the right people                  people who’ll listen



it’s a marathon, not a sprint.
[why care?]
engagement: better word of mouth & deeper
relationships with customers. word of mouth is 5x as
effective as a personal sales pitch.

search: google confirmed in dec. 2010 that they are
now using social media as a “signal,” or portion of
the algorithm used to determine placement in
organic search.

cost: price per impression is nominal.

immediacy: real-time ability to target promotions.
[immediacy example]
1. Build a community on Facebook , Twitter, blog, etc.
2. Establish trust. Share and produce useful content,
   not just sales pitches.
3. Give them offers when you need them.


                Group cancels for next week




              Option 1: Big        Option 2: Great
              sale on OTA;          rate for fans;
            sacrifice 15-20%        keep all your
                of profit.             margin.
[community]
a group of people who are there voluntarily.


  20M 600M 100M                                                         25B
Facebook apps installed   Facebook users   New Twitter accounts in   Number of tweets sent
        daily                                      2010                   in 2010




    880 million people use the top 15 social
    networking sites. surely some of them
        want to join your community!
So, how can my
how to   business actually
         use social media?
[case study]
                       Liza’s Kitchen

Facebook Fan Page
       April 14 0 fans
       April 16 296 fans
       May 25 463 fans
       July 15 655 fans
       Oct. 6 923 fans
       Dec. 3 1,009 fans


Special Events via Facebook
Sept. Wine Tasting        Strongest revenue performance ever

Nov. Cooking Demo        Sold out event; sold highest amount of
                         retail product ever
[case study]
                       Boston Hotel


Campaign started in August       Results as of November




 increased ranking ten places in four months
       using a rapid response program
[other ideas]
• create a LinkedIn group for your best clients and
share content that will make their jobs easier.

• use TripAdvisor scores to negotiate your rates
with hotels.

• listen to conversations on Twitter to understand
your competitors’ weaknesses.

• work with destination partners to create a blog
that will help you all appear higher in search.
[other ideas]
• answer questions on Quora or LinkedIn Q&A to
establish yourself as an expert.

• create offers on FourSquare or Groupon that
reward the consumer behaviors you want to
encourage.

• look up a potential client on Facebook or
LinkedIn to get insight into hobbies and
interests.
[how to measure roi]

  one size does not fit all.
    your success should be
determined by your objectives.
  social media is infinitely
measurable, as long as you are
 strategic and know what you
       want to achieve.
If your social media objective is….    Then measure success by….


     Deepening your relationship          Counting the number of referrals
      with existing customers….             you get from fans and followers.
     Spreading the word to as             Tracking your fan and follower
      many people as possible….             counts.
     Improving your search                Benchmarking and tracking how
      results….                             you rank over time.
     Establishing authority in a          Counting how often you appear
      particular field….                    in queries.
     Driving revenue to a particular      Counting how much incremental
      time period or product line….         revenue you make.


measure roi based on your objectives.
What are the
            newest trends and
new stuff   ideas in social
            media?
niche sites
geolocation
travel
Recommended flights and hotels


Facebook connect to find
friends in San Francisco                               An estimated total of
                                                           $882 per person
would you stay at a self-proclaimed
      “social media hotel?”
questions?
susan.barry@hive-marketing.com


       thank you.

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Under the Radar: How Ignoring Social Media Can Undermine Your Business

  • 1. under the radar: how trying to ignore social media can undermine your business
  • 2. [objectives]  explain what social media is and why you should care  give you some ideas for how to use it  describe new trends  answer your questions
  • 3. what’s your favorite childhood meal? social media
  • 4. “…people have been endlessly fascinated by one another for a very long time. social networking is not new; we just have new ways to do it.” -joe kraus, google
  • 5. there are a lot of tools.
  • 6. [what is social media] “social media is not about facebook or flickr or twitter or blogs or youtube. It’s about having a strategy for making your company or organization more like a person and less like a machine.” - jason baer, www.convinceandconvert.com
  • 7. social media is: social media isn’t:  a conversation  a sales pitch  a good way to raise your  a guaranteed book deal or internet profile appearance on Oprah  a way for potential clients  a get-rich-quick scheme; a to find and get to know panacea; or an excuse to your business stop selling  a marathon  a sprint  a targeted community of  a giant audience of any the right people people who’ll listen it’s a marathon, not a sprint.
  • 8. [why care?] engagement: better word of mouth & deeper relationships with customers. word of mouth is 5x as effective as a personal sales pitch. search: google confirmed in dec. 2010 that they are now using social media as a “signal,” or portion of the algorithm used to determine placement in organic search. cost: price per impression is nominal. immediacy: real-time ability to target promotions.
  • 9. [immediacy example] 1. Build a community on Facebook , Twitter, blog, etc. 2. Establish trust. Share and produce useful content, not just sales pitches. 3. Give them offers when you need them. Group cancels for next week Option 1: Big Option 2: Great sale on OTA; rate for fans; sacrifice 15-20% keep all your of profit. margin.
  • 10. [community] a group of people who are there voluntarily. 20M 600M 100M 25B Facebook apps installed Facebook users New Twitter accounts in Number of tweets sent daily 2010 in 2010 880 million people use the top 15 social networking sites. surely some of them want to join your community!
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  • 12. So, how can my how to business actually use social media?
  • 13. [case study] Liza’s Kitchen Facebook Fan Page April 14 0 fans April 16 296 fans May 25 463 fans July 15 655 fans Oct. 6 923 fans Dec. 3 1,009 fans Special Events via Facebook Sept. Wine Tasting Strongest revenue performance ever Nov. Cooking Demo Sold out event; sold highest amount of retail product ever
  • 14. [case study] Boston Hotel Campaign started in August Results as of November increased ranking ten places in four months using a rapid response program
  • 15. [other ideas] • create a LinkedIn group for your best clients and share content that will make their jobs easier. • use TripAdvisor scores to negotiate your rates with hotels. • listen to conversations on Twitter to understand your competitors’ weaknesses. • work with destination partners to create a blog that will help you all appear higher in search.
  • 16. [other ideas] • answer questions on Quora or LinkedIn Q&A to establish yourself as an expert. • create offers on FourSquare or Groupon that reward the consumer behaviors you want to encourage. • look up a potential client on Facebook or LinkedIn to get insight into hobbies and interests.
  • 17. [how to measure roi] one size does not fit all. your success should be determined by your objectives. social media is infinitely measurable, as long as you are strategic and know what you want to achieve.
  • 18. If your social media objective is…. Then measure success by….  Deepening your relationship  Counting the number of referrals with existing customers…. you get from fans and followers.  Spreading the word to as  Tracking your fan and follower many people as possible…. counts.  Improving your search  Benchmarking and tracking how results…. you rank over time.  Establishing authority in a  Counting how often you appear particular field…. in queries.  Driving revenue to a particular  Counting how much incremental time period or product line…. revenue you make. measure roi based on your objectives.
  • 19. What are the newest trends and new stuff ideas in social media?
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  • 29. Recommended flights and hotels Facebook connect to find friends in San Francisco An estimated total of $882 per person
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  • 34. would you stay at a self-proclaimed “social media hotel?”