This document discusses the importance of social media for businesses. It notes that sales are up 18% for companies that are active on social media, while sales are down 6% for those with little online presence. Multiple case studies and statistics are presented showing how social media can increase web traffic, search rankings, partnerships, and sales while reducing costs. The document advocates for businesses to develop a social media strategy and content plan to effectively engage customers and see results.
8. ↑ 18%
↓6%
Sales for companies with a high level of social media activity
are up by 18%, while sales are down -6% for companies with
little to no social media activity
9.
10. ‘We don’t have a choice on whether we DO Social media
…the question is HOW WELL WE DO IT’
Erik Qualman
11. Pepsi dropped TV advertising for the 2010 super bowl.
Instead they’re investing in a $20 million social media campaign
(after 23 years of super bowl ads)
12. 9 of 10 (87%) small-to-
medium-sized UK companies
are going to maintain or
increase social media
spending in 2012.
14. •72% of businesses claim social media increases web traffic
• 62% improved their search ranking
•59% made new partnerships
•48% achieved better sales
•58% witnessed reduced marketing costs
•(2011 Social Media Marketing Industry Report)
15. Social Media uncovers the truth…..
75% of people don’t believe that companies tell the truth in
advertisements
78% of internet users in UK look online for goods and services
70% trust online recommendations from strangers
90% trust online recommendations from friends
Social media changes the relationship between companies and customers...
…from master and servant, to peer to peer.
16. 91% of 16-24 years olds
76% of 25-34 years olds
58% of 35-44 year olds
1 in 5 65+ use social media
17. The Sun reports of 9.45% year on year,
with the Independent down 28%
48% of people say they find out
the news via Facebook
18. We no longer search for products and services,
they find us
19. 50% of UK mobile internet traffic is on Facebook
20. Is your company on Facebook or Twitter?
When was the last time you updated it?
Where would you rank it in importance?
Have you tried and left social media?
Are you thinking social media?
26. People make negative comments
I don’t want to know their lives
Our customers don’t use it. I don’t
We don’t have time
I don’t understand it all
27. We get social media…..
Twitter done: We tweet every day about our product/ service
YouTube done: Our CEO is on YouTube
Facebook done: We have a Facebook page that our employees like
Google+ done:We’ve launched a Google+ page because Google told
us to!
28. Have a plan:
What do you want to achieve?
What are your objectives?
Where is your content going to come from
How will the profiles be managed?
How will results be assessed?
Don’t allow your social media to fail
45. Your reputation is on the line- online
Warren Buffet “it takes 20 years to build a reputation and five
minutes to ruin it”
46. How you can #SupportJapan -
http://binged.it/fEh7iT. For every retweet,
@bing will give $1 to Japan quake victims,
up to $100K.
“Don’t say anything online that you
wouldn’t want plastered on a billboard
with your face on it.”
– Erin Bury
51. Every single individual has been empowered to create a mass
movement
“A brand is no longer what we tell the consumer it is – it is what
consumers tell each other it is.”
55. United breaks David Carroll's guitar and makes little effort
to compensate him.
United Airline's stock price dropped 10%, costing
stockholders over $180m in value. Today the video is a
smash hit and has over 10m views.
Lesson: Respond to customer complaints, quickly.
56. BP spills millions of gallons of its oil in
the golf of Mexico. Shortly after, it
finds its Facebook pages clogged with
outraged environmentalists.
Lesson: If you've already got a shoddy
reputation, you've got to work three
times as hard to fix the mistake.
57. Dell's reputation went up in smoke after tech blog Gizmodo published this
photo of an exploding Dell laptop., causing Dell to eventually recall over four
million laptop batteries.
Lesson: A single image can be powerful. Use social media to stomp out fires
before they turn into wildfires.
58. A man discovers that he can pick the
Kryptonite Evolution 200 U -with a Bic
ball point pen.
New York Times ran a featured story.
Lesson: Listen to your customers, it
could really help your product
development team.