Socon2011 presentation dist

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Marcus Evans Social Marketing Strategy and ROI ROI of Social Media – how to measure the right things to drive your integrated traditional and social media marketing strategies 1 #ROISM & #SOCON11

description

Presentation for #Socon11 on the ROI of Social Media . The session was titled:ROI of Social Media – how to measure the right things to drive your marketing strategies#ROISM

Transcript of Socon2011 presentation dist

  • 1.Social Marketing Strategy and ROI
    ROI of Social Media how to measure the right things to drive your integrated traditional and social media marketing strategies
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    #ROISM & #SOCON11

2. How does your marketing strategy differ from your social marketing strategy?
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3. Social media and marketing
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Social media
Customer support
Marketing engagement
stakeholders
4. Consumer decision model:Putting it all together
Jkl;jkl;
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Purchase funnel
Relevance
Market utility
Price
Probability of choosing an item
5. Case study:Will it blend?
> 9M downloads on YouTube
Incremental revenue 500% increase in sales on initial $50USD investment
Question:
Who are the influencers?
Source: http://www.youtube.com/blendtec#p/a/082908F9B9B1533E/0/qg1ckCkm8YI
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6. Who connects to whom?
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Distribution partners
Competitors
Partners
Other stakeholders
7. Media Engagement Framework
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Segmentation
/ Personas
Consumers
Individuals
Influencers
Awareness
Awareness
Reputation
Competitive
Set
Consideration
Brands
Time
Endorsement Share
Brand Image
Community Engagement
Funnel
Consumer Purchase
Funnel
Influencer Endorsement
Funnel
Reach
Frequency
Quality
Purchase
Measurement
Framework
Purchase intent
Subscription
Conversation
Consumption
Follow Count
/ Profile
Content
Timing
Loyalty
Invitation
8. Advocacy v. influence
How does advocacy differ from influence?
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Positive or negative
Persuasive value
9. Social Media Tenets
Social media is the new primary component of corporate communications with all stakeholders and is an equal with traditional, PR and other media channels.It is one of many media channels that needs to be fully integrated into the media mix
Social media has two key components outbound marketing messagingand inbound customer service engagement.
Engagement must take place with the right individual in the company at the right time in order to provide its full benefit.
Social media is made up of many individual channels that must be treated as an integrated, bidirectional communications channel.
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10. Influencer stratification
Consumer related: Those speaking primarily to consumers, brand agnostic e.g., ClarkHoward.com
Category related: Grow and justify the category important for new innovation e.g., Forrester analyst
Brand related: (own and competitive) Ashton Kutchers Nikon Coolpix
Channel related: Drive volume in a particular class of trade - Elevenmoms
External factors: Affect the category volume - Bill Oreilly and French wine boycott
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Questions?
Thank you
Guy R. Powell [email protected]
Community:ROIofSocialMedia.com
Facebook:www.Facebook.com/ROIofSocialMedia
Twitter:@ROISocialMedia#ROISM
DemandROMI
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