Ecra Club Entrep 030509
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- 1. This video received 540,603 views on YouTube. (And has generated just about nothing tangible for its creator).
2. Using Social Media Technology to Drive Measurable Business Value For me, transparency is a competitive weapon."~ Sun COO Jonathan Schwartz on why he blogs Presented by: Jason Voiovich Ecra Creative Group 651.209.2778 or[email_address] 3. What do we really want?
- Understand how social media works as a marketing channel
- Understand it as more than "blogging" and "podcasting" - although that (can be) part of it
- Understand how to graft a business process onto a repeatable model for success
4. Todays Discussion
-  Develop a simple framework to guide us through the process of analyzing any social media marketing channel
-  Select three distinct examples:
- Catalog/Product sales support
- Consulting/Reputation building
- Competitive Intelligence
5. Distribution: Content Layer
- Rule #1: Content is King.
- Fresh and original Timely and updated Multiple media types
Content 6. Bridge: Enabling Layer
- Rule #2: Get your hooks in it.
- Depending on your goal, select a technology platform that will serve as the bridge between your content and social media technology.
Content Enabler 7. Distribution: Social Media Layer
- Rule #3: Be ready to experiment.
- We can make educated guesses about who to reach and why they would care, but social media is a dynamic, ever-changing chaotic environment.Simple answer: Go wide first, then refine.
Content Enabler Social Media 8. Feedback: Analytics Loop Content Enabler Social Media 9. Give it a chance. HealthcareScoop.com now boasts 1241 stories. (And a meaningful revenue generator and positioning tool for Consumer Aware, but it took 12 months.) 10. Example 1: excelcycle
- Business Objectives:
- - Sell finished bicycles
- - Move older inventory (when new models come out)
- - Sell clothing and accessories
- - Schedule service appointment and encourage more
- - Build a tight-knit "community" of riders to boost repeat sales and differentiate their store
11. excelcycle Content Layer Content Enabler Social Media Finished Cycles Complete specifications (from the mfg) Excel's "take" (not just the mfg's) Mfg photos Excel's own photos Video of the cycle in use 12. excelcycle Content Layer Content Enabler Social Media Parts, Clothing & Accessories Complete specifications (from the mfg) Excel's "take" (not just the mfg's) Mfg photos Excel's own photos Video of the cycle in use 13. excelcycle Content Layer Content Enabler Social Media Service Appointments Details and packages Before/After photos Videos of maintenance in action Training videos (DIY crowd); build vision of expertise 14. excelcycle Content Layer Content Enabler Social Media Community Invest their own time in "rides" and "lifestyle" activities Cycling advice and commentary (written) Training courses 15. excelcycle Enabling Layer Content Enabler Social Media Enabling Technology Online store (tied into their store's sales and ERP system) eBay store Email distribution and tracking system Scheduling software 16. excelcycle Social Media Layer Content Enabler Social Media Social Media YouTube (videos) Flickr (photos) Google Ads, etc Blog Facebook group and page Google Calendar 17. excelcycle Feedback Loop Content Enabler Social Media Feedback Loop: What to measure? YouTube viewers: Clicks to product or service featured Flickr viewers: Clicks to product or service featured Facebook: Activity level in community, number of riders who show up at events Track backs through blog, Facebook, YouTube, etc to their store or the eBay store Email clickthroughs to site, store 18. Example 2: Jason Voiovich
- Business Objectives:
- Not trying to sellanything Stay top-of-mind with my entire network Build a personal brand Maintain warm contacts
19. Jason Voiovich Content Layer Content Enabler Social Media Goal: Demonstrate Expertise State of the Brandbrand Written content Audio content/version Weekly schedule 20. Jason Voiovich Enabling Layer Content Enabler Social Media Enabling Technology Email distribution Online blog (as a repository of content) iTunes (for podcasts) 21. Jason Voiovich Social Media Layer Content Enabler Social Media Social Media Blog Catalog, Technorati, Blog Carnivals Pull-In to Facebook page ( personalnetwork) Pull-In to LinkedIn page ( professionalnetwork) Twin Cities Business(syndication) 22. Jason Voiovich Feedback Loop Content Enabler Social Media Feedback Loop: What to measure? Overall number of recipients Email views, new viewers, click-through, subscriptions Direct phone calls or inquiries Comments (any media) iTunes subscriptions Success of re-warming efforts Speaking opportunities Non-referral chain awareness 23. Example 3: Competitive Intel
- Business Objectives:
- Essentially, social media in reverse Companies publish (or let slip) detailed information Get a sense for market conditions prior to product launch Gain perspective on competitive bidders Outflank market position on an existing line
24. Comp Intel Content Layer Content Enabler Social Media
- Goal: What do you want to know/protect
- Want to know:
- Price ranges paid
- Customer satisfaction levels
- Feature requests
- Distribution channel/profitability
- Want to protect:
- Launch timing
- Our own feature set
- Results of our own customer tests
25. Comp Intel Enabling Layer Content Enabler Social Media Enabling Technology You need a central place to collect information from multiple sources. 26. Comp Intel Social Media Layer Content Enabler Social Media Where do you get data? RSS feeds on new posts and comments from guitar blogs Pricing updates from eBay store, Best Buy, Guitar Center Facebook guitar groups (free to join) Test posts (to gauge reaction to an idea anonymously) 27. Comp Intel Feedback Loop Content Enabler Social Media Feedback Loop: What to measure? Content analysis of blog posts, comments, and ratings (provide good feedback for product development) Response to our own test marketing in the social media community (using established sources) Pricing patterns on eBay stores (to the moment pricing information) 28. Other Business Objectives
- What else could you accomplish?
- Twitter-enabled customer service Text message phone software sales & opinion polling New product training
29. Parting Thoughts
- Social media technology even now is very new; usually used in support of other efforts
- Be wary of tactical approaches (i.e. I want to havea viral video)
- Understandand investin the ongoing effort it will take to build these loose relationships that are at the core of social networks
30. Next Steps
- Decide if a social media channel is really worth the effort it will take.Social Media marketing is not free (at least, not free for you).
- Define measurable objectives that can be tracked via analytics data
- Develop a working bank of content to seed your initial efforts and ensure you can keep up the effort long-term
- Get assistance with the technology or the entire process if you need it.This is a marketing investment like any other.Treat it like one.
31. Contact Information
- Jason Voiovich
- Ecra Creative Group