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How to Make Money
 with Social Media


                                 Jamie Turner
                             Chief Content Officer
The 60 Second Marketer, the Online Magazine of BKV Digital and Direct Response

                  Follow Jamie on Twitter @60SecondTweets
Let’s Kick Things Off
Let’s Kick Things Off

• Visit www.twtpoll.com/dg8wps
Visit www.twtpoll.com/dg8wps
• Have helped AT&T, CNN, The Coca-
  Cola Company and Cartoon Network
  grow sales and revenues with new and
  innovative marketing programs.
• Chief Content Officer of the 60 Second
  Marketer, the Online Magazine for BKV
  Digital and Direct Response.
• Profiled in the world’s best-selling
  advertising and promotions textbook.
• Husband to Dayna and father of
  McKensie, Grace and Lily
Visit www.twtpoll.com/dg8wps
 PROFITS
 CONVERSION       LEADS
          HOW TO
     MAKE MONEY
        with
      SOCIAL MEDIA
 RANKING               TRAFFIC



          BUZZ
     AN INSIDER'S GUIDE ON
      HOW TO MAKE NEW

 ENGAGEMENTMEDIA
    AND EMERGING
        WORK FOR YOU
                       ROI
          NETWORK
 PROMOTION
  JAMIE TURNER   RESHMA SHAH
Visit www.twtpoll.com/dg8wps
 PROFITS                         • A step-by-step program on setting up,
 CONVERSION       LEADS             launching and running a social media
          HOW TO                    campaign

     MAKE MONEY
        with
      SOCIAL MEDIA
 RANKING               TRAFFIC



          BUZZ
     AN INSIDER'S GUIDE ON
      HOW TO MAKE NEW

 ENGAGEMENTMEDIA
    AND EMERGING
        WORK FOR YOU
                       ROI
          NETWORK
 PROMOTION
  JAMIE TURNER   RESHMA SHAH
Visit www.twtpoll.com/dg8wps
 PROFITS                         • A step-by-step program on setting up,
 CONVERSION       LEADS             launching and running a social media
          HOW TO                    campaign

     MAKE MONEY
        with
                                 • To be published by the Financial
                                    Times Press in October, 2010
      SOCIAL MEDIA
 RANKING               TRAFFIC



          BUZZ
     AN INSIDER'S GUIDE ON
      HOW TO MAKE NEW

 ENGAGEMENTMEDIA
    AND EMERGING
        WORK FOR YOU
                       ROI
          NETWORK
 PROMOTION
  JAMIE TURNER   RESHMA SHAH
Visit www.twtpoll.com/dg8wps
 PROFITS                         • A step-by-step program on setting up,
 CONVERSION       LEADS             launching and running a social media
          HOW TO                    campaign

     MAKE MONEY
        with
                                 • To be published by the Financial
                                    Times Press in October, 2010
      SOCIAL MEDIA
                                 • Download a free chapter at
 RANKING               TRAFFIC



          BUZZ
                                    60SecondMarketer.com/FreeChapter
     AN INSIDER'S GUIDE ON
      HOW TO MAKE NEW

 ENGAGEMENTMEDIA
    AND EMERGING
        WORK FOR YOU
                       ROI
          NETWORK
 PROMOTION
  JAMIE TURNER   RESHMA SHAH
Let’s Kick Things Off

• Visit www.twtpoll.com/dg8wps
Is Social Media Right for You?


Social Media
                     The Gartner Hype Cycle
  is Here.
Evolution of Marketing


  Madison Avenue    Research Companies      Finance           Public



   1950s to 1970s         1980s              1990s            2000s

   Agency Power      Company Power       Retailer Power   Customer Power


      Creative           Strategy            Value          Reputation




Source: Reshma Shah, Ph.D., Emory University
Evolution of Marketing


  Madison Avenue    Research Companies      Finance           Public



   1950s to 1970s         1980s              1990s            2000s

   Agency Power      Company Power       Retailer Power   Customer Power


      Creative           Strategy            Value          Reputation




Source: Reshma Shah, Ph.D., Emory University
Evolution of Marketing


  Madison Avenue    Research Companies      Finance           Public



   1950s to 1970s         1980s              1990s            2000s

   Agency Power      Company Power       Retailer Power   Customer Power


      Creative           Strategy            Value          Reputation




Source: Reshma Shah, Ph.D., Emory University
Evolution of Marketing


  Madison Avenue    Research Companies      Finance           Public



   1950s to 1970s         1980s              1990s            2000s

   Agency Power      Company Power       Retailer Power   Customer Power


      Creative           Strategy            Value          Reputation




Source: Reshma Shah, Ph.D., Emory University
Evolution of Marketing


  Madison Avenue    Research Companies      Finance           Public



   1950s to 1970s         1980s              1990s            2000s

   Agency Power      Company Power       Retailer Power   Customer Power


      Creative           Strategy            Value          Reputation




Source: Reshma Shah, Ph.D., Emory University
Evolution of Marketing


  Madison Avenue    Research Companies      Finance           Public



   1950s to 1970s         1980s              1990s            2000s

   Agency Power      Company Power       Retailer Power   Customer Power


      Creative           Strategy            Value          Reputation




Source: Reshma Shah, Ph.D., Emory University
Evolution of Marketing


  Madison Avenue    Research Companies      Finance           Public



   1950s to 1970s         1980s              1990s            2000s

   Agency Power      Company Power       Retailer Power   Customer Power


      Creative           Strategy            Value          Reputation




Source: Reshma Shah, Ph.D., Emory University
Yesterday: The Good Old Days
Today
Today
Is Social Media Right for You?
                Frequent Updates




       Casual                        Professional




                Infrequent Updates
Is Social Media Right for You?
                Frequent Updates




       Casual                        Professional




                Infrequent Updates
Is Social Media Right for You?
                Frequent Updates




       Casual                        Professional




                Infrequent Updates
Is Social Media Right for You?
                Frequent Updates




       Casual                        Professional




                Infrequent Updates
Is Social Media Right for You?
                Frequent Updates




       Casual                        Professional




                Infrequent Updates
Is Social Media Right for You?
                Frequent Updates




       Casual                        Professional




                Infrequent Updates
Is Social Media Right for You?
                Frequent Updates




       Casual                        Professional




                Infrequent Updates
Social Media Overview
                  1. Blogs
                  2. Bookmarking and tagging
                  3. Content aggregation
                  4. Crowdsourcing and voting
                  5. Discussion boards and forums
                  6. Events and meetups
                  7. Photosharing
                  8. Podcasting
                  9. Presentation sharing
                  10. Ratings and reviews
                  11. Virtual worlds
                  12. Widgets
                  13. Wikis
                  14. Email marketing

                   Source: Mashable
How the Fortune 500 Make Money with
Social Media
One More Shameless Plug
           PROFITS
           CONVERSION       LEADS
                    HOW TO
               MAKE MONEY
                  with
                SOCIAL MEDIA
           RANKING               TRAFFIC



                    BUZZ
               AN INSIDER'S GUIDE ON
                HOW TO MAKE NEW

           ENGAGEMENTMEDIA
              AND EMERGING
                  WORK FOR YOU
                                 ROI
                    NETWORK
           PROMOTION
            JAMIE TURNER   RESHMA SHAH
Social Media Business Models
Branding: Use social media as a branding tool to build awareness and
connect with customers
Social Media Business Models
E-Commerce: Drive prospects to an e-commerce landing page and convert
those prospects to customers
Social Media Business Models
Research: Use social media as a research tool to generate customer input
and feedback
Social Media Business Models
Customer Retention: Use social media as a customer retention tool to reduce
churn
Social Media Business Models
 Lead Generation: Drive leads to a website and re-market to those leads,
 ultimately converting them to customers

                                  Website
             E-Newsletter
                                                    YouTube Videos



   Forums                                                       Speeches



                            Your Company
                                                                  Events
   Twitter



      eBooks                                                 Blog Postings


                Buzz                                  Book
                                Webinars
Social Media Case Study
Social Media Case Study
                           60 Second
                        Marketer Website
        E-Newsletter                           YouTube Videos



  Forums                                                   Speeches



                                                             Events
  Twitter



     eBooks                                            Blog Postings

        :60 Online                             :60 Online
      University Blog   Online Seminars    University Articles
                         and Webinars
How to Measure the Success of Your
Social Media Campaign
How to Measure the Success of Social Media
How to Measure the Success of Social Media
Calculating Customer Lifetime Value
Calculating Customer Lifetime Value
Tracking Your Success
10 Step Action Plan to Set Up and
Manage a Social Media Campaign
Where to Download this Presentation




            www.60SecondMarketer.com/pdf
Social Media Action Plan
1. Competitive Assessment: What are your competitors doing in this space
   already? What can you borrow from them?
2. Internal Situation Analysis: How much awareness is there of social media
   within your company? Is there an understanding that it can be measured and
   create a positive ROI?
3. Major Objectives: What are you trying to accomplish with your social media
   campaign?
4. Consumer Thought Process: What is the typical sales cycle for your
   product? How much trust do you need to build before you can make a sale?
   (Hint: The more expensive the product, the more trust needs to be built.)
5. Key Strategies: What approach are you going to take in order to have a
   successful program?
Social Media Action Plan
6. Brand Essence: What is your brand essence and how are you going to
   communicate that using Social Media?
7. Positioning: How is your brand currently positioned in the marketplace?
   Where do you want it to be positioned as a result of your social media
   campaign?
8. Essential Message: What is the essential take-away you want customers
   and prospects to have after engaging with your brand via Social Media?
9. Tactical Plan Overview: Which Social Media platforms are you going to use
   for your program? Which tools are you going to use to measure the success
   of your program?
10. Executional Roadmap: What are your SMART Goals for this plan? How are
    you going to be held accountable for them?
Key Points to Remember
Key Points to Remember

• Consumers today expect to
  have multiple channels to
  connect with your brand
Key Points to Remember

• Consumers today expect to
  have multiple channels to
  connect with your brand

• If you set up your social media
  program properly, it can be
  measured
Key Points to Remember

• Consumers today expect to
  have multiple channels to
  connect with your brand

• If you set up your social media
  program properly, it can be
  measured

• There are 10 different ways to
  measure the success of a social
  media campaign
Questions
• Jamie Turner, Chief Content Officer for 60
  Second Marketer, the online magazine of BKV
  Digital and Direct Response
• Jamie.Turner@60SecondMarketer.com
• Twitter.com/60SecondTweets
• PH: 404-233-0332


• Download a free chapter from How to Make
  Money with Social Media here:
 www.60SecondMarketer.com/FreeChapter
Questions and Answers

Additional content available for those who download PDF at:

60SecondMarketer.com/pdf

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How to Make Money with Social Media

  • 1. How to Make Money with Social Media Jamie Turner Chief Content Officer The 60 Second Marketer, the Online Magazine of BKV Digital and Direct Response Follow Jamie on Twitter @60SecondTweets
  • 3. Let’s Kick Things Off • Visit www.twtpoll.com/dg8wps
  • 4. Visit www.twtpoll.com/dg8wps • Have helped AT&T, CNN, The Coca- Cola Company and Cartoon Network grow sales and revenues with new and innovative marketing programs. • Chief Content Officer of the 60 Second Marketer, the Online Magazine for BKV Digital and Direct Response. • Profiled in the world’s best-selling advertising and promotions textbook. • Husband to Dayna and father of McKensie, Grace and Lily
  • 5. Visit www.twtpoll.com/dg8wps PROFITS CONVERSION LEADS HOW TO MAKE MONEY with SOCIAL MEDIA RANKING TRAFFIC BUZZ AN INSIDER'S GUIDE ON HOW TO MAKE NEW ENGAGEMENTMEDIA AND EMERGING WORK FOR YOU ROI NETWORK PROMOTION JAMIE TURNER RESHMA SHAH
  • 6. Visit www.twtpoll.com/dg8wps PROFITS • A step-by-step program on setting up, CONVERSION LEADS launching and running a social media HOW TO campaign MAKE MONEY with SOCIAL MEDIA RANKING TRAFFIC BUZZ AN INSIDER'S GUIDE ON HOW TO MAKE NEW ENGAGEMENTMEDIA AND EMERGING WORK FOR YOU ROI NETWORK PROMOTION JAMIE TURNER RESHMA SHAH
  • 7. Visit www.twtpoll.com/dg8wps PROFITS • A step-by-step program on setting up, CONVERSION LEADS launching and running a social media HOW TO campaign MAKE MONEY with • To be published by the Financial Times Press in October, 2010 SOCIAL MEDIA RANKING TRAFFIC BUZZ AN INSIDER'S GUIDE ON HOW TO MAKE NEW ENGAGEMENTMEDIA AND EMERGING WORK FOR YOU ROI NETWORK PROMOTION JAMIE TURNER RESHMA SHAH
  • 8. Visit www.twtpoll.com/dg8wps PROFITS • A step-by-step program on setting up, CONVERSION LEADS launching and running a social media HOW TO campaign MAKE MONEY with • To be published by the Financial Times Press in October, 2010 SOCIAL MEDIA • Download a free chapter at RANKING TRAFFIC BUZZ 60SecondMarketer.com/FreeChapter AN INSIDER'S GUIDE ON HOW TO MAKE NEW ENGAGEMENTMEDIA AND EMERGING WORK FOR YOU ROI NETWORK PROMOTION JAMIE TURNER RESHMA SHAH
  • 9. Let’s Kick Things Off • Visit www.twtpoll.com/dg8wps
  • 10. Is Social Media Right for You? Social Media The Gartner Hype Cycle is Here.
  • 11. Evolution of Marketing Madison Avenue Research Companies Finance Public 1950s to 1970s 1980s 1990s 2000s Agency Power Company Power Retailer Power Customer Power Creative Strategy Value Reputation Source: Reshma Shah, Ph.D., Emory University
  • 12. Evolution of Marketing Madison Avenue Research Companies Finance Public 1950s to 1970s 1980s 1990s 2000s Agency Power Company Power Retailer Power Customer Power Creative Strategy Value Reputation Source: Reshma Shah, Ph.D., Emory University
  • 13. Evolution of Marketing Madison Avenue Research Companies Finance Public 1950s to 1970s 1980s 1990s 2000s Agency Power Company Power Retailer Power Customer Power Creative Strategy Value Reputation Source: Reshma Shah, Ph.D., Emory University
  • 14. Evolution of Marketing Madison Avenue Research Companies Finance Public 1950s to 1970s 1980s 1990s 2000s Agency Power Company Power Retailer Power Customer Power Creative Strategy Value Reputation Source: Reshma Shah, Ph.D., Emory University
  • 15. Evolution of Marketing Madison Avenue Research Companies Finance Public 1950s to 1970s 1980s 1990s 2000s Agency Power Company Power Retailer Power Customer Power Creative Strategy Value Reputation Source: Reshma Shah, Ph.D., Emory University
  • 16. Evolution of Marketing Madison Avenue Research Companies Finance Public 1950s to 1970s 1980s 1990s 2000s Agency Power Company Power Retailer Power Customer Power Creative Strategy Value Reputation Source: Reshma Shah, Ph.D., Emory University
  • 17. Evolution of Marketing Madison Avenue Research Companies Finance Public 1950s to 1970s 1980s 1990s 2000s Agency Power Company Power Retailer Power Customer Power Creative Strategy Value Reputation Source: Reshma Shah, Ph.D., Emory University
  • 19. Today
  • 20. Today
  • 21. Is Social Media Right for You? Frequent Updates Casual Professional Infrequent Updates
  • 22. Is Social Media Right for You? Frequent Updates Casual Professional Infrequent Updates
  • 23. Is Social Media Right for You? Frequent Updates Casual Professional Infrequent Updates
  • 24. Is Social Media Right for You? Frequent Updates Casual Professional Infrequent Updates
  • 25. Is Social Media Right for You? Frequent Updates Casual Professional Infrequent Updates
  • 26. Is Social Media Right for You? Frequent Updates Casual Professional Infrequent Updates
  • 27. Is Social Media Right for You? Frequent Updates Casual Professional Infrequent Updates
  • 28. Social Media Overview 1. Blogs 2. Bookmarking and tagging 3. Content aggregation 4. Crowdsourcing and voting 5. Discussion boards and forums 6. Events and meetups 7. Photosharing 8. Podcasting 9. Presentation sharing 10. Ratings and reviews 11. Virtual worlds 12. Widgets 13. Wikis 14. Email marketing Source: Mashable
  • 29. How the Fortune 500 Make Money with Social Media
  • 30. One More Shameless Plug PROFITS CONVERSION LEADS HOW TO MAKE MONEY with SOCIAL MEDIA RANKING TRAFFIC BUZZ AN INSIDER'S GUIDE ON HOW TO MAKE NEW ENGAGEMENTMEDIA AND EMERGING WORK FOR YOU ROI NETWORK PROMOTION JAMIE TURNER RESHMA SHAH
  • 31. Social Media Business Models Branding: Use social media as a branding tool to build awareness and connect with customers
  • 32. Social Media Business Models E-Commerce: Drive prospects to an e-commerce landing page and convert those prospects to customers
  • 33. Social Media Business Models Research: Use social media as a research tool to generate customer input and feedback
  • 34. Social Media Business Models Customer Retention: Use social media as a customer retention tool to reduce churn
  • 35. Social Media Business Models Lead Generation: Drive leads to a website and re-market to those leads, ultimately converting them to customers Website E-Newsletter YouTube Videos Forums Speeches Your Company Events Twitter eBooks Blog Postings Buzz Book Webinars
  • 37. Social Media Case Study 60 Second Marketer Website E-Newsletter YouTube Videos Forums Speeches Events Twitter eBooks Blog Postings :60 Online :60 Online University Blog Online Seminars University Articles and Webinars
  • 38. How to Measure the Success of Your Social Media Campaign
  • 39. How to Measure the Success of Social Media
  • 40. How to Measure the Success of Social Media
  • 44. 10 Step Action Plan to Set Up and Manage a Social Media Campaign
  • 45. Where to Download this Presentation www.60SecondMarketer.com/pdf
  • 46. Social Media Action Plan 1. Competitive Assessment: What are your competitors doing in this space already? What can you borrow from them? 2. Internal Situation Analysis: How much awareness is there of social media within your company? Is there an understanding that it can be measured and create a positive ROI? 3. Major Objectives: What are you trying to accomplish with your social media campaign? 4. Consumer Thought Process: What is the typical sales cycle for your product? How much trust do you need to build before you can make a sale? (Hint: The more expensive the product, the more trust needs to be built.) 5. Key Strategies: What approach are you going to take in order to have a successful program?
  • 47. Social Media Action Plan 6. Brand Essence: What is your brand essence and how are you going to communicate that using Social Media? 7. Positioning: How is your brand currently positioned in the marketplace? Where do you want it to be positioned as a result of your social media campaign? 8. Essential Message: What is the essential take-away you want customers and prospects to have after engaging with your brand via Social Media? 9. Tactical Plan Overview: Which Social Media platforms are you going to use for your program? Which tools are you going to use to measure the success of your program? 10. Executional Roadmap: What are your SMART Goals for this plan? How are you going to be held accountable for them?
  • 48. Key Points to Remember
  • 49. Key Points to Remember • Consumers today expect to have multiple channels to connect with your brand
  • 50. Key Points to Remember • Consumers today expect to have multiple channels to connect with your brand • If you set up your social media program properly, it can be measured
  • 51. Key Points to Remember • Consumers today expect to have multiple channels to connect with your brand • If you set up your social media program properly, it can be measured • There are 10 different ways to measure the success of a social media campaign
  • 52. Questions • Jamie Turner, Chief Content Officer for 60 Second Marketer, the online magazine of BKV Digital and Direct Response • Jamie.Turner@60SecondMarketer.com • Twitter.com/60SecondTweets • PH: 404-233-0332 • Download a free chapter from How to Make Money with Social Media here: www.60SecondMarketer.com/FreeChapter
  • 53. Questions and Answers Additional content available for those who download PDF at: 60SecondMarketer.com/pdf