Mkt460 week7

49
Social Media Strategy
  • date post

    20-Oct-2014
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    Technology

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Transcript of Mkt460 week7

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Social Media Strategy

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Social media channels can be used strategically to address business, marketing and communication challenges.

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Manage communities

•Create, lead and guide communities•Use existing platforms like www.facebook.com•Or create your own www.ning.com

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Improve customer service and support.

Respond to customer queries in the social space.

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Manage online reputation by responding to social mentions (positive or negative) and owning searches on your brand name.

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Consider SEO - Social Media provides additional assets to be optimised.

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Social Media offers two-way communication

It offers quick responses and up to date information.e.g.http://status.twitter.com

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Social Media offers advertisers:

•Targeted adverts•A platform where users spend a lot of time•Different options for small businesses and large organisations

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Facebook offers:

•ASUs (Ad Space Units) on a CPM (cost per thousand impressions) or CPC (cost per click) basis

•Or Facebook Engagement Ads which are bought on a CPM basis with a minimum spend threshold

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Twitter offers:

•Promoted Tweets•Promoted Trends•Promoted Accounts

Advertising options start at $5 000 US per month. http://business.twitter.com/advertise/start.

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YouTube offers:

•Promote Your Video (PYV)•Brand channels

www.youtube.com/t/advertising_overview

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Linkedin offers:

•Self service adverts

Selecting a target audience: job title, job function, industry, geography, age, gender, company name, company size, or LinkedIn Group. www.linkedin.com/advertising

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Add a social layer to a commercial experience to generate leads and sales.

e.g. Levi’s Friends Store http://store.levi.com/

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Understand more about your market, or your brand or product.

Use:

•ORM tools to track mentions and sentiment•Social network ad planners to give you rich information about your market

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Consider the risks and challenges when creating a social media strategy.

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What if no one cares?

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Make sure you interact where your customers are.

They should be happy to hear from you.

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What if there are only unhappy customers?

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Use it as an opportunity to fix problem areas.

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What about the up keep?

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Budget the time required to make the strategy a success.

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How do I measure the impact?

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Start by measuring things that are easy to measure. Watch out for case studies!

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Planning is key

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Consider conversations

•Around your brand, industry and competitors•Where do they take place?•Who is doing most of the talking?

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Ask:

•Where should your brand be?•What groups already exist?•Who are potential brand ambassadors?

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A Brand Ambassador is passionate and positive about your brand.

He can’t stop talking about it.

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e.g. The Coca-Cola Facebook Fan Page: www.facebook.com/cocacola

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Social Media objectives should be in line with overall business strategy.

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•What do you want to achieve?•By when?•How will you measure success?

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Create an Action Plan and implement it!

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Don’t forget to track, analyse and optimise.

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Use:

•Web analytics•URL shorteners•ORM software•Social media dashboards

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Put guidelines in place. Build on existing documentation: brand and tone of voice guidelines, PR policies, etc.

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Start with the Social Media Checklist

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Create community guidelines. Set the tone but keep them friendly.

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Look at:

Flickr: (www.flickr.com/guidelines.gne)

YouTube: (www.youtube.com/t/community_Guidelines)

The Guardian UK:(www.guardian.co.uk/community-standards)

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Create a conversation calendar

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Use it to:

•Plan•Report•Maintain momentum!

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What if several people interact on behalf of the brand?

Create an escalation protocol

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Include:

•Anticipated messages and standard responses•Escalation channels•Contact details etc.

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Remember there is market data available to you, just take a little time to find it!