Break Down the Content Barriers of Social Networks

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2011 Mashable Media Summit presentation by Michael Lazerow, Founder and CEO, Buddy Media

Transcript of Break Down the Content Barriers of Social Networks

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BREAK DOWN THE CONTENT BARRIERS OF SOCIAL NETWORKS

BY MICHAEL LAZEROW (TWITTER: @LAZEROW)

NOVEMBER 4, 2011

USING SOCIAL STRATEGIES TO LET YOUR CONTENT RUN FREE AND INCREASE WEB SITE TRAFFIC AND REVENUES BY AT LEAST 12.89%

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“I GET IT. I NEED TO BE ON THE FACEBOOK THING.”

-EDWARD R. MURROW, 1957

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WE ALL AGREE. EVEN MASHABLE!

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850M ACTIVE USERS

Source: Facebook

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50% LOG ON DAILY

Source: Facebook

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4X SUPER BOWL!4X SUPER BOWL!

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12B LIKES AND COMMENTS MONTHLY(US, EST.)

Source: Facebook

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4X SUPER BOWL!1B MORE THAN # OF GOOGLE SEARCHES

Source of Google #s: ComScore Aug 11 Search Engine Ranking. FB assumes 20% Likes/Comments from US

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31% OF DISPLAY AD IMPRESSIONS IN US

Source: comScore May 2011

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BIGGER THAN THE ENTIRE INTERNET IN 2004, THE YEAR FB LAUNCHED

Source: http://royal.pingdom.com/2011/10/05/facebook-now-as-big-as-the-entire-internet-was-in-2004/

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PRIORITY SOCIAL MEDIA PLATFORMS FOR BRANDS

Source: Booz & Co., Buddy Media Report. http://bddy.me/oS3WJf

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WE ALL AGREE THAT WE NEED TO BE ON FACEBOOK, RIGHT?

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BUT IS IT TRUE?

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WELL, KINDA.

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Facebook; 30%

Rest of the

Web; 70%

AD IMPRESSIONS

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TIME SPENT

Facebook16%

Rest of the Web84%

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SO YES, YOU NEED TO BE ON FACEBOOK.

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BUT THAT ALONE WON’T MAXIMIZE TRAFFIC GROWTH AND REVENUES.

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Facebook16%

Rest of the Web84%

PAST 2 YEARS HAS FOCUSED ON THIS!

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Facebook16%

Rest of the Web84%

WE NOW NEED TO FOCUS ON THIS!

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INTRODUCING, FOR THE FIRST TIME IN THE HISTORY OF MANKIND …

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3 STRATEGIES TO GROW TRAFFIC & REVENUE BY 12.89% (OR MORE!)

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1. SET UP AND OPTIMIZE YOUR SOCIAL PRESENCES

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http://www.bivingsreport.com/2011/top-ten-most-engaging-magazines-on-facebook/

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Despite 6.5X # of fans, Starbucks only gets 2.6X more engagement.

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2. SOCIALIZE ALL CONTENT TO ELIMINATE DEAD ENDS

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VIRAL T

RAFFIC

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VIRAL T

RAFFIC

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VIRAL T

RAFFIC

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VIRAL T

RAFFIC

VIRAL TRAFFIC

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VIRAL TRAFFIC

VIRAL T

RAFFIC

VIRAL TRAFFIC

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VIRAL TRAFFIC

VIRAL T

RAFFIC

VIRAL TRAFFIC

COMMUNITY

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• 43,336 VOTES• 50% SHARE• 150 FRIENDS EACH• POTENTIAL REACH OF

3.25M NEW VISITORS• AND 2 VISITORS PER

SHARE EQUALS 43,336 NEW VISITORS!

SMALL SOCIAL HOOKS DRIVE A TON OF TRAFFIC

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3. USE SOCIAL TO MAKE MONEY TODAY

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THE FACEBOOK EFFECT

SOURCE: NIELSEN & PEJ RESEARCH/ SIZE OF BUBBLES REPRESENT TOTAL TRAFFIC FROM FACBEOOK FOR EACH SITE. MAY 2011.

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ELIMINATE THE SILOES

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ELIMINATE THE SILOES

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ELIMINATE THE SILOES

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ELIMINATE THE SILOES

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SOCIAL COMMERCE

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No social integration!

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SMART!

INTEGRATION

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HEARST: ONE OUT OF FOUR SUBSCRIPTIONS COME FROM WEBSITE

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AMERICAN EAGLE FOUND THAT FACEBOOK REFERRED VISITORS SPENT AN AVERAGE OF 57% MORE MONEY THAN NON-FACEBOOK REFERRED VISITORS

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SHOEDAZZLE REPORTED THAT FACEBOOK-CONNECTED USERS 50% MORE LIKELY TO MAKE REPEAT PURCHASES EVERY MONTH THAN AVERAGE SHOPPERS

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TICKETMASTER.COM IS GENERATING $5.30 OF DIRECT TICKET SALES FROM EACH SHARE A USER MAKES TO FACEBOOK

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THE QUESTION YOU NEED TO ANSWER IS SIMPLE.

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HOW CAN SOCIAL HELP IMPROVE EVERY KPI I’M TRACKING?

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THE ANSWER IS TO BRING SOCIAL TO EVERYTHING YOU DO, RATHER THAN LOOKING AT SOCIAL SEPERATELY.

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- INCREASE TRAFFIC- INCREASE ENGAGEMENT- INCREASE SUBSCRIPTIONS- SELL MORE SPONSORSHIPS- INCREASE COMMERCE ACTIVITY

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THANK YOU!Michael LazerowCEO, Buddy Mediae: michael@buddymedia.comTwitter: @lazerow