Powerhouse Trends Webinar: 5 Trends to Watch in 2013

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Transcript of Powerhouse Trends Webinar: 5 Trends to Watch in 2013

Page 1: Powerhouse Trends Webinar:  5 Trends to Watch in 2013
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HOUSEKEEPING ⠿Questions welcomed

⠿Catch it again on SlideShare

⠿Join the conversation: #phftrends

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WHO WE ARE

Taylor Wiegert

@twiegert

Emily Worstell

@futurenever

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TODAY WE WILL… ⠿Share five social media marketing trends taking us

into 2013

⠿Reveal the opportunity for marketers to leverage the

trends

⠿Identify immediate next steps for marketers

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THE VISUAL WEB Trend #1

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WHAT IS THE VISUAL WEB? ⠿The focus on images, rather

than text

⠿Images and video used to

communicate experiences

to your social connections

online

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“10% OF ALL PHOTOS EVER TAKEN WERE SHOT IN 2011.” — FORTUNE MAGAZINE

It started in 2011…

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THE ALWAYS-ON CAMERA ⠿Digital camera sales are

down

⠿The phone has replaced the

camera

⠿Phones fit into consumers’

lives

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THE PINTEREST EFFECT ⠿23.5 million users

⠿1,795% growth over last year

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THE PINTEREST EFFECT

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THE PINTEREST EFFECT

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THE PINTEREST EFFECT

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SOCIAL VIDEO ⠿Became the #1 Facebook app

⠿5.9 million monthly active

users

⠿1 million daily active users

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JUST GETTING STARTED

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THE BILLION DOLLAR BET ⠿100 million registered users

⠿30 million users in April

⠿Surpassed Twitter on daily

mobile users in August

⠿7.3 million vs. 6.9 million

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TUMBLR

MAJOR PLAYERS WILL PIVOT facebook TWITTER

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CONSUMERS ARE RESPONDING ⠿Photos receive higher

engagement on Facebook

⠿Images increase

likelihood for purchase

consideration

⠿Photos are valuable

Source: Facebook

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HOW TO RESPOND… TODAY ⠿Make photos part of your content strategy

⠿Leverage visual content on your brand’s social

media channels and tag appropriately

⠿Follow your consumer’s behavior

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MARKET FOR REVIEWS Trend #2

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WHAT IS THE MARKET FOR REVIEWS? ⠿A social environment that

relies on and rewards the

promotion of consumer

reviews

⠿Brands intersecting

prolific reviewers to

garner favorable reviews

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WHAT CREATED THIS? ⠿Consumers continue to trust, and value, the

recommendations of their peers above brands

⠿Proliferation of social review sites as a consumer

response outlet

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HOW IS THE SOCIAL SPACE CHANGING? ⠿By 2014, 15% of online reviews will be paid for

by brands

⠿Social review sites already on the defense to

protect integrity of reviews

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HOW YOU CAN RESPOND… TODAY ⠿Don’t give in to temptation

⠿Develop online reputation

management strategy

⠿Socialize customer service

⠿Engage influencers to

credibly, and transparently,

build reputation

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THE SOCIAL/MOBILE REVOLUTION Trend #3

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MOBILE IS TAKING OVER

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MORE CONNECTED

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…AND MORE SOCIAL

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“WE ARE GOING TO EXECUTE THIS MISSION TO MAKE THE WORLD CONNECTED AND BUILD VALUE OVER THE LONG-TERM. THE BIGGER QUESTION THAT WILL DEFINE HOW WE HAVE DONE IS HOW WE DO

WITH MOBILE.”— MARK ZUCKERBERG, FACEBOOK

Social networks have noticed…

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FACEBOOK ACQUIRED AND ADVERTISED INSTAGRAM ACQUIRED

INTRODUCING MOBILE ADS

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TWITTER CONTROLLED AND PROMOTED AN OFFICIAL APP ECOSYSTEM

MORE USERS AND MORE ADS

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LINKEDIN WENT MOBILE

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FOURSQUARE BECAME A UTILITY

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SOCIAL MOBILE INTEGRATION

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WHAT TO EXPECT ⠿Native advertising is on the rise

⠕More ads go mobile

⠿Acquisitions and acquihires

⠿Search, social and mobile become one

⠿Social more integrated into mobile systems

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HOW TO RESPOND… TODAY ⠿Get mobile off the to-do list

⠿Make bite-size content a component of your

content strategy

⠿Be real-time

⠿Make your existing mobile experience social

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SHOW OF BRANDS Trend #4

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WHAT IS SHOW OF BRANDS? ⠿The expansion from a

product-centric brand

experience to a

consumer-centric brand

experience

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MORE SHOW, LESS TELL ⠿Capitalizing on zero moment of truth

⠿Expand role beyond product provider

⠿Act as curator and facilitator of cultural events

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EMBRACE CHANGING LIFESTYLES ⠿Rewarding growth and life stage transitions

⠿Acknowledge and support aspirations

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YOU COME HERE OFTEN? ⠿Meet consumers where they are going

⠿Break out of the confines of your category, shelf, space

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HOW YOU CAN RESPOND… TODAY ⠿Embrace alternative

relationships with consumers

and industry partners

⠿Tap into counter culture and

lifestyle trends

⠿Integrate WOM strategies into

brand events and experiences

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THE END OF THE SOCIAL SILO Trend #5

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THE SOCIAL SILO ⠿Brands have separated social media

⠿Separate channel

⠿Separate teams

⠿Separate initiatives

⠿Separate goals

⠿Social is breaking out

⠿Search

⠿Research

⠿Events and Experiences

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“WHEN YOU SEARCH FOR THINGS, YOU WANT TO KNOW THE KINDS OF THINGS YOUR FRIENDS HAVE LOOKED AT, OR RECOMMENDED, OR

WROTE ABOUT, OR SHARED. I THINK THAT’S JUST KIND OF AN OBVIOUS THING.”— LARRY PAGE, GOOGLE

Search has changed…

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SEARCH ENGINES ⠿Social Search

⠿Social signals impact

search rankings

⠿Four of the top five

factors relating to

high Google rank

relate to social

signals produced by

consumers

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SEARCH ENGINES ⠿Search Engines

⠿Bing integrates

Facebook and Twitter

into search results

and allows you to ask

questions on social

networks without

leaving Bing

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SEARCH ENGINES ⠿Search Engines

⠿Google’s “Search plus

Your World” personalizes

search results based on

what your Google+

connections are sharing

⠿Google+ for brands is

more than a social play—

it’s SEO

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SEARCH ENGINES ⠿Search Engines

⠿Facebook receives 1 billion

search queries per day

⠿Facebook has hinted at

developing a search product

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MOBILE DISCOVERY ⠿SoLoMo

⠿Social + Location + Mobile impacts buyer decisions

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“WE NOW LOOK TO DATA TO INFORM OUR STRATEGY, OUR CREATIVE, AND OUR EXECUTION.”— DAN NEELY, NETWORKED INSIGHTS

Research has changed…

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NEW AND VALUABLE ⠿89.4% of CMOs say social data has impacted at

least some decisions

⠿97.3% of CMOs share findings from social data

with other C-level executives annually

⠿83.3% of CMOs believe social data helps identify

trends or patterns that may impact business

Source: Bazaarvoice

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SOCIAL DATA IN ACTION ⠿Uncover insights for consumers, products and

brands

⠿Leverage data for product development, customer

experiences, sales and business decisions

⠿Better understand business trends and identify

consumer traits and patterns impacting loyalty

and awareness

Source: Bazaarvoice

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Source: Bazaarvoice

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“WHERE BRANDS ARE GOING…CONNECTING OFFLINE TO ONLINE MORE.”— ANN HANDLEY, MARKETINGPROFS

Online and offline work together…

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SOCIAL + EXPERIENTIAL = BETTER TOGETHER ⠿Social and Experiential marketing create

experiences that build emotional connections

⠿Similar goals

⠿Similar approaches

⠿Now online fuels offline, and offline can fuel

online

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SOCIAL + EXPERIENTIAL = BETTER TOGETHER ⠿Social amplifies experiential:

⠿Encouraging social sharing

⠿ Involving others who cannot be there in-person

⠿Experiential makes social more impactful:

⠿Use experiential content to share through online social

channels

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STILL IN A SILO

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HOW TO RESPOND… TODAY ⠿Integrate your teams

⠿Social media should be integrated from the beginning, not

tacked on at the end

⠿Learn what other teams do and how they can deliver value

⠿Start with a social ‘idea,’ not a channel

⠿Organize your teams to address more complex

goals and responsibilities

⠿No more social, search, research, etc. goals

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THANK YOU Additional questions or feedback:

[email protected]

Join the conversation: @phfagency #phftrends

Learn more about Powerhouse Factories:

www.powerhousefactories.com