SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35,...
Transcript of SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35,...
![Page 1: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/1.jpg)
SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICES
Lance Kissler
![Page 2: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/2.jpg)
Social Media: What is it?
![Page 3: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/3.jpg)
The State of Social Media
161, 44%
23.8, 7%
55.35, 15%
122.6, 34%
U.S. Audience
Blogs
*in millions, based upon 2011 statistics
![Page 4: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/4.jpg)
The State of Social Media
Facebook, 26.4
Google, 3.62
Twitter, 3.61
Pinterest, 3.6
YouTube, 1.05 Others, 6.33
Referral Traffic
*percent, based upon January 2011 statistics
![Page 5: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/5.jpg)
Latest Trends/News
¨ Super Bowl averaged 10,000 tweets/second during last three minutes
¨ Facebook “Small Business Boost” marketing program ¨ Pinterest is driving more traffic than Google+,
LinkedIn and YouTube…combined ¨ Facebook deprecating FBML tabs June 1, 2012 ¨ More people are beginning to trust info about
companies via social media ¨ LinkedIn products/services
![Page 6: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/6.jpg)
Fears/Myths
¨ Takes too much time ¨ Costs too much ¨ Regulation/Compliance ¨ Security ¨ Unable to control the conversation ¨ Can’t demonstrate ROI
![Page 7: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/7.jpg)
Tailored to your needs
Strategies
![Page 8: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/8.jpg)
Thought Leadership
¨ Share your opinions/insights about: ¤ The industry ¤ Current issues, topics and events ¤ Products and services
¨ Provide tips ¨ Share late-breaking news ¨ Share information from others
¨ Examples: online security; budgeting
![Page 9: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/9.jpg)
Customer Service/Engagement
¨ Consumers are treating it as a “back-channel” ¤ No need to fear criticism or negative comments ¤ Guide the conversation; don’t try to control it
¨ Ask questions ¨ Be personal
¨ Examples: conversational questions; asking for feedback
![Page 10: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/10.jpg)
Business Development
¨ Search for keywords ¨ Seek out new people to follow ¨ Advertise ¨ Offer promotions, discounts, coupons, etc.
¨ Example: online membership application fee waiver
![Page 11: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/11.jpg)
Market Research
¨ Follow industry accounts ¨ Ask your followers questions re: products/services ¨ Stay up-to-date on industry news and trends
¨ Example: credit card poll; mobile banking app
![Page 12: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/12.jpg)
Create and join in the conversations
Audience Engagement
![Page 13: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/13.jpg)
Be Human
¨ Conversational ¨ Brand persona ¨ Build relationships ¨ Uniqueness ¨ Manners ¨ Acknowledge mistakes
![Page 14: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/14.jpg)
Be Relevant
¨ Alignment of social strategy with marketing/business objectives
¨ Set goals and measure ¨ Listen
¤ Organize feeds/fans/followers into categories
![Page 15: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/15.jpg)
Be Timely
¨ Set a standard/expectations ¨ Respond only during business hours?
![Page 16: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/16.jpg)
Be Knowledgeable
¨ Audience ¨ Channel ¨ Tools/Services
![Page 17: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/17.jpg)
Be Respectful
¨ Moderate fairly ¨ No spam ¨ Acknowledge everyone ¨ Avoid speculation ¨ Respect privacy ¨ Disagree respectfully
![Page 18: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/18.jpg)
Taking Conversations Offline
¨ Privacy ¨ Complicated issues ¨ Upset customers
![Page 19: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/19.jpg)
Measurement/ROI
¨ Weekly social media stats ¨ Monthly social media reports
![Page 20: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/20.jpg)
Ready. Set. Tweet.
5 Steps to Getting Started
![Page 21: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/21.jpg)
1. Audience Analysis
¨ Where are they at? ¨ What kind of content do they want?
¤ This will help you focus your efforts
![Page 22: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/22.jpg)
2. Listen/Market Research
¨ Follow industry professionals/leaders ¨ Follow your competition ¨ Follow news sources ¨ Utilize RSS feeds, lists, LinkedIn groups, etc. ¨ Keyword searches
¤ This will help you gather and generate content
![Page 23: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/23.jpg)
3. Create Your Strategy
¨ How often will you post? ¨ What will you share/discuss? ¨ How can you differentiate yourself? ¨ What guidelines do you need in place? ¨ What does success look like to you?
¤ Don’t forget to involve legal/compliance
![Page 24: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/24.jpg)
4. Start Sharing
¨ Find and engage followers ¨ Spark conversations ¨ Ask questions ¨ Provide benefits ¨ Frequency and consistency
¤ Don’t be afraid to explore new things
![Page 25: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/25.jpg)
5. Measure and Evaluate
¨ Track your progress ¨ Make adjustments ¨ Stay current on best practices
¤ Establish a routine
![Page 26: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/26.jpg)
A toolkit to get you started
Resources
![Page 27: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/27.jpg)
Favorite Tools
¨ Hootsuite ¨ Boxcar iPhone app ¨ Viralheat ¨ Klout and Twitalyzer ¨ Tweetreach ¨ Buffer ¨ Socialmention and Google News ¨ Feedmyinbox ¨ Paper.li
![Page 28: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/28.jpg)
Online Resources
¨ Socialware | www.socialware.com
¤ Compliance Resource Center ¤ Financial Advisors Resource Center
¨ Forrester | blogs.forrester.com/marketing_and_strategy
¨ Radian6 | www.radian6.com/blog/tag/financial-services/
¨ Social Media Governanace | socialmediagovernance.com/policies.php
¨ Mashable | www.mashable.com
![Page 29: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/29.jpg)
Opportunities to Learn More
¨ Financial Blogger Conference | Denver, Sept. 6-9
¨ FINRA’s Advertising Regulation Conference | Washington, D.C., Oct. 25-26
¨ Business Development Institute’s Financial Services Social Communications 2012: Case Studies and Roundtables| City University of New York, Nov. 15
![Page 30: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/30.jpg)
Thank you
![Page 31: SOCIAL MEDIA FOR INSURANCE & FINANCIAL SERVICESThe State of Social Media 161, 44% 23.8, 7% 55.35, 15% 122.6, 34% U.S. Audience Facebook Twitter LinkedIn Blogs *in millions, based upon](https://reader033.fdocuments.net/reader033/viewer/2022051807/6008a3ef497ef577d702682c/html5/thumbnails/31.jpg)
Connect
@someprtips
someprtips.wordpress.com
linkedin.com/in/lkissler
profiles.google.com/lkissler