Imc lecture 9 25-2010 public consumption

21
the ‘L’ back in ‘ IMC’ Or… How social m e dia marketing is changin g how we listen to cu s tomers

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Transcript of Imc lecture 9 25-2010 public consumption

Page 1: Imc lecture 9 25-2010 public consumption

Putting the ‘L’ back in ‘IMC’

Or…

How socia

l media m

arketing is

changing how we listen to

custo

mers

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Interests: Social Media, Word-of-Mouth,Valuing Brands & Customers

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(Embedded video broken - click yellow box above for hyperlink)

(all yellow boxes are hyperlinks to additional content)

The break up

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What’s the moral?

Doesn’t IMC fix that problem for us?

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Are we missing part of the ‘L’ in IMC?

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IMC in practice…

Network & Cable Ads

Personal Selling

Direct (Print & Digital)

Banner Ads

Newspaper & Magazine

AdsLISTEN TO OUR

AWESOME, INTEGRATED MESSAGE...

TARGETED JUST FOR YOU!

P.O.S. Ads

Product Placement,

Event Sponsorship, Billboards,

etc.

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What if IMC was created by actual humans? (no zombies, no vampires, no marketers)

What does it mean to be a

“good communicator”?

Speak to someone the way theywant to be spoken to.

Be anexcellent listener.

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… We need to remember IMC is also

Integrated Marketing Listening

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… But you don’t need to take my word for it.

groundswell:“A spontaneous

movement of people using online tools

to connect, take charge of their own

experiences, and get what they need.”

“The groundswell is broad, ever

shifting, and ever growing.”

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… But you don’t need to take my word for it.

(1)Listening to the groundswell

(2)Talking to the groundswell

(3)Energizing the groundswell

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Becoming a better listener:Integrating how we listen by using social media

Brand Monitoring:Carefully & quietly listening to the

online conversations occurring on the

social web.

Build a Private Community:Bring your

customers together in a virtual space & listen carefully.

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SurveysFocus Groups

Syndicated Data /

Scanner / Sales Data

Brand (social media) Monitoring

Private Virtual

Communities

Representative?

Instant?

Natural Environment?

Verification-focused?

Insight-focused?

DON’T WE ALREADY KNOW HOW TO LISTEN?Traditional listening vs. listening in the social world

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BRAND MONITORING:how to do it, benefits of doing itRadian 6 in Action

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Breaking bad habits:Perpetual bad ideas wither under harsh scrutiny

BRAND MONITORING:how to do it, benefits of doing it

Forgetting the marketer’s own lesson: Being the loudest doesn’t necessarily make it true

Confusing any voice as your customer’s voice:

Forecasting:Increasing evidence social media conversations are a strong precursor to sales change.

Heading Bad PR off at the pass:Days Hours matter.

A few select benefits: Downsides as well:

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PRIVATE VIRTUAL COMMUNITIES:

how to do it, benefits of doing it

A few examples:• CDW uses private communities to improve lead generation & relationship building• NASCAR “Fan Council” drives customer-focused rules changes• TURTLEWAX brings together the elusive “Ethnic U.S. Hand Waxing my Car More than 10 Times a Year” segment

Recruiting:• via online panels, scour existing online communities, or ‘extreme’ methods if necessary

The virtual community:• High quality tech.• 300 to 500 people max• Minimize marketers’ direct interaction• Identify a “social glue” (may not be the brand)• Do not overcompensate participants

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Publication Audience 4C RateEsquire 3.2m $ 123k Maxim 12.6m $ 253k Sports

Illustrated 20.9m $ 352k

Listening Isn’t Cheap… but it can reap huge rewards

Brand monitoring:• MotiveQuest ≈ $70k/project• Radian6 ≈ $600-$1800/mo.• Cymfony ≈ $40k/yr.Private Community:• Communispace ≈ $180k 6-mth, $20k/mo.

Time ABC CBS NBC

8 PM Dancing –w- Stars

($178k) How I Met Your

Mother ($145k)

Accidentally on Purpose ($108k)

Heroes ($108k)

9 PM Two & A Half Men($226k)

Big Bang Theory (191k)

Trauma ($76k)

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Listening to social media is only the beginning

groundswell!

Customer support calls, Feedback to

FSEs, etc.

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SUMMARY

•Talking to the groundswell: • The 5 Love Languages

• Death of a Media Schedule

(1) Excellence in IMC demands equal attention to Integrated Marketing Listening.

(2) Social media has empowered consumers (the groundswell), marketers must pay attention.

(3) Brand Monitoring & Virtual Private Communities are 2 different ways to listen using social media. The appropriateness of using of one (or both) depends on your customers’ needs & social media behaviors.

(4) Social media is not the only place to listen. Further, listening can’t stop at the marketing department – the customer’s voice must be heard by executives.

(5) *The slides include numerous clickable hyperlinks to additional content.

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Teaser: Next time(?)

•Talking to the groundswell: • The 5 Love Languages

• Death of a Media Schedule

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Thanks for your time

Web: abaker.us

Email: [email protected]: @andrewbaker13

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Media:Bunny Ears – D’Arcy Norman (flickr)Wedding Topper – tupper (Flickr)Splat – Kamikaze Stoat (Flickr)Spot TV & Magazine Data from Advertising Age & MediaMarkReporter, respectivelyAcoustic Listening Device (WWI) - http://www.museumwaalsdorp.nl/images/goerz.gif“The Break Up” commercial from Microsoft Digital Advertising Solutions