Guest lecture at IBA Karachi: Social fool or social cool

Post on 06-May-2015

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Michael Leander presented social fool or social cool at the IBA in Karachi, Pakistan.

Transcript of Guest lecture at IBA Karachi: Social fool or social cool

Social media fool

or cool?

@michaelleander#michaelleander

facebook.com/michaelleandernielsen

Pinterest.com/michaelleander

Email: michael@michaelleander.me

The purpose of marketing is to acquire, convert,

sustain and grow customers whom then in

turn will attract other customers through

referrals

Your web presence will become the front and center of your marketing activities

Thin

Which problem are you solving?

10

Is this what social media

[marketing] is all about?

11

Is this what social media

[marketing] is all about?

It is about the

conversationIt is about the

conversion

Experience leads to

retention. Retention pays my rent!

Earn the admiration of

my peers & that’s what

matters

13

Social Media

is COOL

14

95% of

social

media

activities

#FAIL

Marketing - especially social business - has become about how to operate the various platforms – not the WHY,

WHERE, WHEN, WHAT, HOW MUCH

16

Tactical vs. the right plan!

Where should you be and

why?

DIRECTION- purpose- strategy

- tactics

- execution

- measure

18

Social media: 90-9-1 rule of thumb• 90% will only consume content

• 9% will engage periodically, but only when the conversation strikes them as interesting

• Less than 1% is the engaged audience driving the conversation in your social community. They support and provide value for the community to read, hear, view

Short vs. long term effect and impact on cash-flow in social media marketing

What is SOLOMO?

The biggest change is what?

Touch is

the biggest change

Touch will change the game completely

Which reads the most words per minute – the eye or the ear?

2.500 words per minute 125 words per minute

People talk about pictures, share them, LOL at

them

Welcome to the picture economy

Now @michaelleander wants us to take pictures at #michaelleander

See pictures from

the session here

Picture economyPhotos goes viral if they

are fun

Include USP’s and URL’s if

possible

Stir an emotion

Good ‘ol AIDA

A = Attention (Awareness)

I = Interest

D = Desire

A = Action

Attention

Interest

Desire

Action

Make sure the message is somewhat

relevant to the brand / offering

Which of these brands have most likes?

Source: Socialbakers.com, 19 December 2012 at 06:01

Likes: 1.086.658 Likes: 695.996

Best engagement rate

Nokia Pakistan Zong Pakistan

Engagement rate

0.020%Engagement rate

0.483%

Think about

top, mid and

end of funnel

and focus

ferociously

on the end

goal, short

and long

term

37

Bottom of funnel is where the action takes place –

engagement need to drive your audience towards

the bottom of the funnel

• http://blog.campalyst.com/wp-content/uploads/2011/10/Conversion-funnel-21.pngThis is

where the fun is >>>

Tabs = Prime real estate

use it

Only 20% of your likes ever see your page again. Everything

happens in the stream

Tip: Frequency and

overcoming Facebook EDGE

• Only 6-14% of your ”likes” see your posts

• The lifetime of a post is only 3-4 hours

>>> Post 4-12 times each day

>>> Differentiate posts

– Text only

– Photos only

– Your own content vs OPM – Other People’s Content

• Use Facebook Insights or other analytic tools to monitor your progress on a daily/weekly basis

No more

Hey days

time for

Pay days41

VS.

Romy [ROMI] Ruth [ROT]

ROT = Return on Time

More people?

More channels

More details

More numbers

More money?

ROT Problem

The average time spent on a task before being distracted or switching

to another is only

3 minutes 11 seconds.

Your target prospect is exposed to

6000 advertising messages every

single day

Short attention span, loads of intrusion- how do you cut through the clutter?

Brain filter

Do I know you?Do I need you?

Can I trust you?

Unique passionateemotionalauthenticfocused

interactivemeaningful

Unique ideaTarget audience

alignmentStorytelling Insane press coverageHuge increase in

awareness and preference

http://edition.cnn.com/2009/TRAVEL/01/12/queensland.australia.hamilton.island/

Life’s a beach ! Dream job in Hamilton Island, QueenslandSalary AUS 100.000

Social engagement can change perception

Samsung Apple

Nokia

Key trends changing buying behavior

Changes in buying behavior impactsthe sales cycles tremendously

OTS* high to get a reaction

No sex on the first

date

*OTS = Opportunity to see

Referral & recommendation

Latency increase

incubationtime

Transparency & trust

Relevancy

Significant changes in the age of discovery

Customer intimacy

Multichannel mix

Immediacy

Influence revolution

57

Now &

The

Future

Conversation age

New age of discovery

The ways to share content, influence

and opinion have exploded

59

CONVERSATION ECONOMY

60

61

234 shares

236 likes

29 comments

http://www.facebook.com/photo.php?v=10151154036701039

Proven

ingredient

formulae for

viral marketing

– learn how to

start spreading

the news

62

What you need to know to

create a viral campaign

How to create a viral video

Tactical break

Twitter test of wording

Which Tweet was most effective?

Is marketing your game? Come join us on the Facebook page for learning & laughs

https://www.questionpro.com/a/showReportTab.do?surveyID=3321214

Best Facebook post this week (most shared), go see it here

See what we are talking about over on Facebook today

A

B

C

Which Tweet was most effective?

Is marketing your game? Come join us on the Facebook page for learning & laughs

Best Facebook post this week (most shared), go see it here

See what we are talking about over on Facebook today

0,45%

0,37%

2,67%

The journey starts off site –make it effective

Banner

The same goes for the copy in your social media messages

About EADIM in London here http://www.eadim.com/eadim2011/?ap_id=leander

Pharma marketing article is here http://ht.ly/1f3IoZ

Landing page #1 Landing page #2

Which page generated most registrations?

275 conversions 110 conversions

Brilliant [accidental] content concept

Customer Experience

• Digital is a huge part of the customer experience• Your core service must be flawless• Sharing is here to stay

Food for thought about thecustomer experience

77

• 70% of buying decisions are based on how they feel they are being treated

• A good customer experience is told to 8 people

• A bad customer experience is told to 22 people

• It takes 10 good experiences to make up for one bad

People share their experiences – good and bad Incentivize reviews and sharing of product usage Ask your audience to be creative (video, pics, stories)

Are we more motivated to sharea good or a badexperience?

We are motivated to share by experience

81

Very motivatingNot motivating

TOP 51.Good experience

2.Other’s experiences

3.High quality brand

4.Friend’s

recommendation

5.Bad experience

Which is more important?

Content Community

Talk Service Receive

Listen

Listen

Listen

Listen

Can you find something sensible to talk about?

Your content

concept

describes

What you offer and how it fits in the buying cycle

Benefits of your offering Why your audience should

engage Which stories, content you

are going to publish Frequency, security, trust Media (video, cartoons,

articles, audio etc.) Think like a publisher, act

like the best hostess

THE MORE CONTENT YOU HAVE THE

MORE USERS YOU WILL GET.

THE MORE USERS YOU HAVE THE MORE

CONTENT YOU WILL GET.

THE BETTER YOU MATCH CONTENT AND USERS TO USER

PROFILES THE MORE USERS AND CONTENT YOU WILL

UNDERSTANDING THE DRIVING

FORCES OF COMMUNITIES

85

Rule of thumb

Talk about something of interest

http://www.michaelleander.me/blog/tourism-marketing-is-this-the-best-portugal-can-do/

Quick results – B2B case study

+ 3 interview requests+ 45 newsletter subscribers+ 3 registered for Lisbon seminar+ 1 consulting engagement+ 2 inquiries for speaking

Listen & React

• Customers engage in social media• You need to listen to the conversation and react• All the time !

Mobile apps such as Foursquare(Global), CircleTie (MEA)–mobile & creating new demands and expectations

My Foursquare message

Unexpected reply

Can you keep a secret?

Relevance

• Communicate with relevance• Profile your audience• Understand preferences• What are their dreams?• What does it take to make her tick?

Failure is a big part of your success !

• Experiment with different concepts

• Test, test, test

• Be prepared to explore new, surprising ways to become successful

Getting you from where you are today – to where you want to be in 1, 3, 5 years

100

Be consumer centric and media agnostic

DIRECTION- purpose

- strategy

- tactics

- execution

- measure

102

Michael Leander is an internationalmarketing speaker. He has spoken at IBA in Karachi and in 40+ countries

Find him herehttp://www.twitter.com/michaelleanderSpeaking: http://www.michaelleander.meConsulting: http://www.michaelleander.com

Questions, Linkedin contact requests etc: michael@michaelleander.me

Really new ways: Will this influence?http://archive.perhansson.com/nokia/greatpockets/

The rule of speed

Personalized with title and name

Targetedrelevant offer

Image and copy basedon life stage

• Look and feel like the markets you address• Your job is to avoid friction (trust)• Understand concerns of your market• Align your value proposition• Content is King, but data is Emperor

Meet your customers where

they are

Understand the customer buying processes and how social plays a role, if any

Mapping customer stage to media

Stage Because Convert to Best fit media Estimated cost of conversion

Awareness Responded Consideration Email newsletter

€25

Ready to buy Lead scoring Make purchase Personal call €50

Lead scoring is a new way to qualify leads (customers)

Anticipate customers need

Customer lifecycle marketing automationDifferentiated approach addresses different needs

1Pre Sale

2Sale

3 Past Sale

Pre Departure

4Departure

5 Arrival 1.

destination

6 Travel &

experience

7 Comming

home

8 Evaluation

& Reliving

9 Next

Pre Sale

Profiling and knowledge of where the customer is in the ”wheel” opens up for a coordinated and relevant dialogue before,

during and after the initial sales transaction

TransactionalBehavioralTargeted

ExampleTravel

SMS/Email

InsuranceCar rental

ExcursionsCar rental

Recommend to friends