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Creating Social ROI
Dylan Charles
Karen O’Brien
Jim Meyer

February, 2011
Creating Social ROI

•   Leveraging Social Media to
    Generate Leads and Create
    Revenue:
      •   Listen
      •   Create a Content Strategy        Dylan Charles           Karen O’Brien
                                        Crimson Consulting      Crimson Consulting
      •   Engage with your Targets
      •   Integrate your Platforms
      •   Capture, Nurture, and Close
      •   Measure
•   Getting Started                                     Jim Meyer
                                                          eTrigue




                                                                                     1
Social Media Plays a Significant Role in
                   Purchase Decision Making

      Over 25% of buyers visit
       forums and social networks
       to get product information

      42% of B2B buyers believe
       that editorial or 3rd party
       content is more valuable
       than vendor content

      84% of BDMs stated that
       professional peers and
       colleagues (word-of-mouth)
       had the greatest influence
       on purchasing decisions

      Investment in Social Media
       is rapidly increasing


www.crimson-consulting.com            2              © CRIMSON CONSULTING 2011
CMO’s are moving towards measuring social
                   media conversions and revenue in 2011
         Conversions and revenue move up to dramatically change how social
         media is being measured, many are looking to Facebook as a channel




www.crimson-consulting.com               3                    © CRIMSON CONSULTING 2011
Not Just a Fad, Real Results

     There is significant ROI here.
                                $3M+ Sales via Twitter Channel
                                Basic Twitter moderation costs only range from $8 - $10K per month
                                “Nelson says Twitter is now a serious and tangible marketing channel,
                                 helping to move large inventory bubbles with a few posts”
                                                                                               – Source: Marketing Profs


                                $250K Deal – Source: Twitter Program
                                This also came on a minimal Twitter engagement
                                “92% of B2B technology buyers consider themselves engaging in some
                                 form of social media,” Dunay says.
                                  – Source: Social Media Examiner, ‘It Pays to Listen: A $250K Twitter Sale’, Nov 12, 2009



                                $15M Sales via Facebook Campaign
                                Facebook Campaigns of this sort only costs from $25 - $100K
                                Campaign tracked sales through initial contact to final sale by tracking
                                 leads and managing in the SFA solution.


www.crimson-consulting.com                                    4                                     © CRIMSON CONSULTING 2011
Impacts More than Just Revenue

 Product Marketing           Sales   Support

                                               Increase Engagement *Blogs, YouTube, Events

                                               Drive Evangelism & PR *Twitter, Facebook, YouTube

                                               Improve SEO Strategy *Blogs, Answers, YouTube

                                               Lead Gen/Sales *Twitter, LinkedIn, Facebook

                                               Collaboration and Innovation *Twitter, LinkedIn

                                               Gain Customer Insight *Twitter, Facebook

                                               Create Competitive Differentiation

www.crimson-consulting.com                              5                           © CRIMSON CONSULTING 2011
How to Leverage Social Media to Generate
                       Leads and Create Revenue

                                                                                   Hear what your customers and
                                                                    Listen          the channel is talking about




                                                                                                            What do your customers want?
                     What worked?                                                        Develop a         What do you have?
                                        Measure and
                                                                                           Content           Is it ready?
                     What didn’t?       Improve                                                         
                                                                                           Strategy
                                                                                                            Where will it lead people?




                                                                                                            Take what you have
                                        Nurture your                                                         and make it usable
                                                                                           Use the
                                       leads and turn                                                       Participate
               Nurture and Close                                                         Content to
                                          them into
                                                                                           Engage           Publish
                                           revenue
                                                                                                            Respond

                    Establish your social architecture
                    Landing pages aligned to content             Capture and
                                                                    Convert
                    Capture information on the inbound traffic
                    Turn visitors into leads


www.crimson-consulting.com                                             6                                      © CRIMSON CONSULTING 2011
Listen



          Listen to your
          community…and learn
          from what they’re
          saying about you




www.crimson-consulting.com   7   © CRIMSON CONSULTING 2011
Develop a Content Strategy

       Develop a value-oriented content strategy considering content creation,
       management, integration / publishing workflow, and user-generated content.
       High Level,
         Critical                                                                                  Vibrant Social
          Mass                                                                                     Media Activity

                                                                             Campaign
             Level of Engagement




                                                       Campaign


                                                                                Optimized for the Medium
                                                                                     Bite sized
                                                                                     Embed a call to Action
                                                                                     Embed a link
       Low Level,
      Minimal Users
                                    Launch of Social
                                    Media Programs                    Time                           Ongoing


www.crimson-consulting.com                                        8                            © CRIMSON CONSULTING 2011
Use Content to Engage


                             To raise the interest of your peers, add value to the conversation,
           Add Value         through sharing resources, being supportive, giving feedback or
                             congratulating someone.

                             If someone is mentioning your company or a product of yours, you
                             have an open door to enter the conversation. Don’t let someone
                             else control it, this is your opportunity to drive it the way you want.
            Respond          Additionally, if someone talks to you or requires your attention,
                             make sure to reply! If someone feels ignored, you’ve failed an
                             important aspect of your Social Media strategy.

                             Be polite and proper, people expect and want you to be human. If
             Be Real         you don’t sound like a regular person, people won’t talk to you.

                             Don’t just use social media to promote your products and services.
                             If you repeat yourself too many times and are not adding any value
          Don’t Spam         to conversations occurring on social networks, you may appear as
                             a spammer.


www.crimson-consulting.com                          9                              © CRIMSON CONSULTING 2011
Capture and Convert

                                                           Integrate Social Assets into
                                                           Hub & Spoke(s) Architecture
    Create a social architecture linking your
    social engagement back to your hub

         Your company’s website(s) are the hub

         Focus on key social networks and identify
          and build engaged communities on each

         Drive offsite traffic on social networks and
          through engagement back onsite to your hub

         Publish relevant content consistently across
          all channels

         Launch engagement campaigns consistently
          across all channels



www.crimson-consulting.com                            10                  © CRIMSON CONSULTING 2011
Social to Close


   Social Media Programs
       Tightly coupled with traditional marketing
       Every program tied to web and “premium content”

   Conversion
       Form Fills and email link clicks start tracking
       Track all actions to build a digital biography
       Tie Anonymous social and other activities to a
        “known prospect”

   Continued Harvesting
       Continue ongoing outbound
       Tie content to interests

   Close Sales by Focusing
       Sales Team chooses who is “hot”
       Hot leads pushed to CRM/Funnel
       Sales Team closes hot leads



www.crimson-consulting.com                                11   © CRIMSON CONSULTING 2011
Pragmatic Steps to Get Started



                                  Crawl                                 Walk                                  Run                                  Fly
     Social Media            Establish Social                   Optimize & Expand                            Build                               Build
        Goal                 Media Presence                    Engagement / Content                        Momentum                            Advocacy

    Target                                                                                         Prospects: Generate Leads,         Customers: Create and
                         Prospects & Customers:              Prospects: Consideration &
                                                                                                    Trial & Purchase                    Nurture Advocates
    Audience &            Awareness of SM Presence &           Trial
                          Communities                                                              Customers: Expand & Extend         Prospects: Increase rate of
    Goals                                                     Customers: Engagement
                                                                                                    Relationships                       Leads, Trial & Purchase

    Desired              Optimize SM Architecture and
                                                              Increasing Participation            Increasing Engagement              Advocacy
    Outcomes              align with Brand Architecture

                         Align Social Media Assets with
                                                              Establish Repository of Social      Nurture
                          Brand Architecture                                                                                           Encourage and Reward
    Initiatives                                                Media Content                       Initiate Lead Generation
                         Setup Ongoing Monitoring &                                                                                    Advocacy
                                                              Initiate Moderation Program          Campaigns
                          Analytics

    Resource             1.0 – 6.5 FTEs                      2.5 – 4.0 FTEs                      2.5 – 4.0 FTEs                     2.5 – 4.0 FTEs
    Requirements
                         Posts, Comments, Messages,          Content and Conversation
                          Ratings                              Volume                              Form Capture/Data Capture
                         Friends, Followers,                 Content and Sentiment               Visits and Opportunities from      Sales
    Example               Subscribers, Members                 Ranking                              Social Source                      New customers
    Metrics              Page Views, Visitors, Traffic,      Unique visitors                     Closed opportunities from          Share of wallet
                          click stream, Referring url         User generated content               Social sources
                         Topic Trends                        Sharing, Reposts, Embed




www.crimson-consulting.com                                                         12                                               © CRIMSON CONSULTING 2011
Crimson Services


         Crimson is an end-to-end marketing consultancy. We specialize in Channels
         and Partners; Products and Markets; Interactive and Lead Management. Our
         clients include Adobe, Cisco, eBay, Hitachi, HP, IBM, Intel, Microsoft, Oracle,
         SAP, Seagate, Symantec, and Verizon.


        Channels and             Products and                                      Lead
                                                             Interactive
          Partners                 Markets                                      Management

       Partner Program         Market Insight           Web Strategy,      Contact & Campaign
        Infrastructure                                     Marketing &         Management
                                Positioning &             Development
       Partner Community        Messaging                                    Lead Nurturing &
        Management                                        Community           Qualification
                                Content                   Services
       Channels & Partner       Development                                  Sales & Channel
        Marketing                                         Social Media        Integration
                                                           Marketing
                                                                              Closed Loop
                                                                               Campaign ROI
                                                                               Analytics


www.crimson-consulting.com                        13                           © CRIMSON CONSULTING 2011
Thank You!
                            Crimson Consulting
                            4970 El Camino Real, Los Altos, CA 94022
                            650.960.3600     www.crimson-consulting.com

                            Dylan Charles, Partner
                            650.429.0337       dcharles@crimson-consulting.com

                            Karen O’Brien, Partner
© CRIMSON CONSULTING 2011   650.429.0340       kobrien@crimson-consulting.com

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Generating ROI from Social Media - Crimson Consulting

  • 1. eTrigue Webinar Series… Creating Social ROI Dylan Charles Karen O’Brien Jim Meyer February, 2011
  • 2. Creating Social ROI • Leveraging Social Media to Generate Leads and Create Revenue: • Listen • Create a Content Strategy Dylan Charles Karen O’Brien Crimson Consulting Crimson Consulting • Engage with your Targets • Integrate your Platforms • Capture, Nurture, and Close • Measure • Getting Started Jim Meyer eTrigue 1
  • 3. Social Media Plays a Significant Role in Purchase Decision Making  Over 25% of buyers visit forums and social networks to get product information  42% of B2B buyers believe that editorial or 3rd party content is more valuable than vendor content  84% of BDMs stated that professional peers and colleagues (word-of-mouth) had the greatest influence on purchasing decisions  Investment in Social Media is rapidly increasing www.crimson-consulting.com 2 © CRIMSON CONSULTING 2011
  • 4. CMO’s are moving towards measuring social media conversions and revenue in 2011 Conversions and revenue move up to dramatically change how social media is being measured, many are looking to Facebook as a channel www.crimson-consulting.com 3 © CRIMSON CONSULTING 2011
  • 5. Not Just a Fad, Real Results There is significant ROI here.  $3M+ Sales via Twitter Channel  Basic Twitter moderation costs only range from $8 - $10K per month  “Nelson says Twitter is now a serious and tangible marketing channel, helping to move large inventory bubbles with a few posts” – Source: Marketing Profs  $250K Deal – Source: Twitter Program  This also came on a minimal Twitter engagement  “92% of B2B technology buyers consider themselves engaging in some form of social media,” Dunay says. – Source: Social Media Examiner, ‘It Pays to Listen: A $250K Twitter Sale’, Nov 12, 2009  $15M Sales via Facebook Campaign  Facebook Campaigns of this sort only costs from $25 - $100K  Campaign tracked sales through initial contact to final sale by tracking leads and managing in the SFA solution. www.crimson-consulting.com 4 © CRIMSON CONSULTING 2011
  • 6. Impacts More than Just Revenue Product Marketing Sales Support Increase Engagement *Blogs, YouTube, Events Drive Evangelism & PR *Twitter, Facebook, YouTube Improve SEO Strategy *Blogs, Answers, YouTube Lead Gen/Sales *Twitter, LinkedIn, Facebook Collaboration and Innovation *Twitter, LinkedIn Gain Customer Insight *Twitter, Facebook Create Competitive Differentiation www.crimson-consulting.com 5 © CRIMSON CONSULTING 2011
  • 7. How to Leverage Social Media to Generate Leads and Create Revenue  Hear what your customers and Listen the channel is talking about  What do your customers want?  What worked? Develop a  What do you have? Measure and Content Is it ready?  What didn’t? Improve  Strategy  Where will it lead people?  Take what you have Nurture your and make it usable Use the leads and turn  Participate  Nurture and Close Content to them into Engage  Publish revenue  Respond  Establish your social architecture  Landing pages aligned to content Capture and Convert  Capture information on the inbound traffic  Turn visitors into leads www.crimson-consulting.com 6 © CRIMSON CONSULTING 2011
  • 8. Listen Listen to your community…and learn from what they’re saying about you www.crimson-consulting.com 7 © CRIMSON CONSULTING 2011
  • 9. Develop a Content Strategy Develop a value-oriented content strategy considering content creation, management, integration / publishing workflow, and user-generated content. High Level, Critical Vibrant Social Mass Media Activity Campaign Level of Engagement Campaign Optimized for the Medium  Bite sized  Embed a call to Action  Embed a link Low Level, Minimal Users Launch of Social Media Programs Time Ongoing www.crimson-consulting.com 8 © CRIMSON CONSULTING 2011
  • 10. Use Content to Engage To raise the interest of your peers, add value to the conversation, Add Value through sharing resources, being supportive, giving feedback or congratulating someone. If someone is mentioning your company or a product of yours, you have an open door to enter the conversation. Don’t let someone else control it, this is your opportunity to drive it the way you want. Respond Additionally, if someone talks to you or requires your attention, make sure to reply! If someone feels ignored, you’ve failed an important aspect of your Social Media strategy. Be polite and proper, people expect and want you to be human. If Be Real you don’t sound like a regular person, people won’t talk to you. Don’t just use social media to promote your products and services. If you repeat yourself too many times and are not adding any value Don’t Spam to conversations occurring on social networks, you may appear as a spammer. www.crimson-consulting.com 9 © CRIMSON CONSULTING 2011
  • 11. Capture and Convert Integrate Social Assets into Hub & Spoke(s) Architecture Create a social architecture linking your social engagement back to your hub  Your company’s website(s) are the hub  Focus on key social networks and identify and build engaged communities on each  Drive offsite traffic on social networks and through engagement back onsite to your hub  Publish relevant content consistently across all channels  Launch engagement campaigns consistently across all channels www.crimson-consulting.com 10 © CRIMSON CONSULTING 2011
  • 12. Social to Close Social Media Programs  Tightly coupled with traditional marketing  Every program tied to web and “premium content” Conversion  Form Fills and email link clicks start tracking  Track all actions to build a digital biography  Tie Anonymous social and other activities to a “known prospect” Continued Harvesting  Continue ongoing outbound  Tie content to interests Close Sales by Focusing  Sales Team chooses who is “hot”  Hot leads pushed to CRM/Funnel  Sales Team closes hot leads www.crimson-consulting.com 11 © CRIMSON CONSULTING 2011
  • 13. Pragmatic Steps to Get Started Crawl Walk Run Fly Social Media Establish Social Optimize & Expand Build Build Goal Media Presence Engagement / Content Momentum Advocacy Target  Prospects: Generate Leads,  Customers: Create and  Prospects & Customers:  Prospects: Consideration & Trial & Purchase Nurture Advocates Audience & Awareness of SM Presence & Trial Communities  Customers: Expand & Extend  Prospects: Increase rate of Goals  Customers: Engagement Relationships Leads, Trial & Purchase Desired  Optimize SM Architecture and  Increasing Participation  Increasing Engagement  Advocacy Outcomes align with Brand Architecture  Align Social Media Assets with  Establish Repository of Social  Nurture Brand Architecture  Encourage and Reward Initiatives Media Content  Initiate Lead Generation  Setup Ongoing Monitoring & Advocacy  Initiate Moderation Program Campaigns Analytics Resource  1.0 – 6.5 FTEs  2.5 – 4.0 FTEs  2.5 – 4.0 FTEs  2.5 – 4.0 FTEs Requirements  Posts, Comments, Messages,  Content and Conversation Ratings Volume  Form Capture/Data Capture  Friends, Followers,  Content and Sentiment  Visits and Opportunities from  Sales Example Subscribers, Members Ranking Social Source  New customers Metrics  Page Views, Visitors, Traffic,  Unique visitors  Closed opportunities from  Share of wallet click stream, Referring url  User generated content Social sources  Topic Trends  Sharing, Reposts, Embed www.crimson-consulting.com 12 © CRIMSON CONSULTING 2011
  • 14. Crimson Services Crimson is an end-to-end marketing consultancy. We specialize in Channels and Partners; Products and Markets; Interactive and Lead Management. Our clients include Adobe, Cisco, eBay, Hitachi, HP, IBM, Intel, Microsoft, Oracle, SAP, Seagate, Symantec, and Verizon. Channels and Products and Lead Interactive Partners Markets Management  Partner Program  Market Insight  Web Strategy,  Contact & Campaign Infrastructure Marketing & Management  Positioning & Development  Partner Community Messaging  Lead Nurturing & Management  Community Qualification  Content Services  Channels & Partner Development  Sales & Channel Marketing  Social Media Integration Marketing  Closed Loop Campaign ROI Analytics www.crimson-consulting.com 13 © CRIMSON CONSULTING 2011
  • 15. Thank You! Crimson Consulting 4970 El Camino Real, Los Altos, CA 94022 650.960.3600 www.crimson-consulting.com Dylan Charles, Partner 650.429.0337 dcharles@crimson-consulting.com Karen O’Brien, Partner © CRIMSON CONSULTING 2011 650.429.0340 kobrien@crimson-consulting.com