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Why Social Media Matters + How It Impacts Your Business

                    Presented by:
                  Shelly Kramer, CEO




                  INTEGRATED
                   MARKETING
          Vision + Voice + Value
3 Years Ago, I was Using
              0
    Technology
      No SmartPhone
    No Business Website
      No Social Media

   I didn’t need them to be
          successful.
        Sound familiar?
Today, my life is slightly
    different – and so is my
            business

Business Owner, Blogger, Social Media
Believer, Marketer, Online Expert, Web
 Developer and User Experience Nut,
 Stats Obsessed-ROI Focused Geek,
       Industry Expert, Speaker.


     Most Importantly,
      I’m a Teacher
Old World Way to Reach Customers

   Banner     Website      Search




                           Direct
    Phone    Call Center    Mail




    Lead
    Gen
             Sales Rep     Phone
Old World Way to Reach Customers
   Direct Marketing = Fire Hose
New World Way to Reach Customers	
  
                            Video	
                                                     Paid	
  
                                                                                       Search	
  
                                                        Social	
  
                                                                                                                   IP	
  TV	
  
  TV	
  
                                                                          Ra4ng	
  
                           Widgets	
                                       Sites	
  



                   E-­‐Mail	
                     Website	
  
                                                                                                      Mobile	
  
                                                                         Sales	
  
                                                                          Rep	
  
                                                                en	
                                                               Blogs	
  
                                                                                          Call	
  
                                   Print	
                                               Center	
  

                                                            Organic	
  
                                                            Search	
  

           Banner	
  
                                                                                        Lead	
                             Comm
                                                                                        Gen	
                               unity	
  



                                     Direct	
  
                                      mail	
  
New World Way to Reach Customers
Brand Marketing = Envelope them in a Fog
 Today’s	
  Website	
  
Only	
  

of Consumers Trust Advertisements.




   Source:	
  “Marke-ng	
  to	
  the	
  Social	
  Web,”	
  Larry	
  Weber,	
  Wiley	
  Publishing	
  	
  2007,	
  
                  via	
  Erik	
  Qualman’s	
  Social	
  Media	
  Revolu-on	
  Video	
  
Hmmm	
  



14% vs. 78%
Social Media is for Leads and Sales
   Percentage of companies that have acquired a customer from:


                       Company
                       Blog                            46%
                     LinkedIn                          41%
                     Facebook                          44%
                     Twitter                           41%
          Source: State of Inbound Marketing Report - http://bit.ly/aewfHr
B B
 B C
 2 2           VS.
 2010	
  Whitehorse	
  Marke-ng	
  Survey	
  
Social Media is for Leads and Sales
   Percentage of companies that have acquired a customer from:


                       Company
                       Blog                            46%
                     LinkedIn                          41%
                     Facebook                          44%
                     Twitter                           41%
          Source: State of Inbound Marketing Report - http://bit.ly/aewfHr
U.S. Companies are Putting Increasing
          Emphasis on Blogging
                                 % of Total                43%
                                                 39%
                                          34%

                             29%
               25%
 16%

  2007         2008          2009         2010   2011       2012
                                                    Projected
Source: emarketer, August 2010
of U.S. Companies Use Blogs
   for Marketing Purposes
increase in sales for companies that
blog over companies that don’t blog
Twitter is emerging as the leading platform
 among the world’s largest corporations.




                             
                                  

of Fortune Global 100 Companies have
           a Twitter Account
Have a Facebook Account
Burson-­‐Marsteller	
  2011	
  
Asked to rate the effectiveness
      of Social Media…




                                           
                                                 
                                              Plus
said Facebook was extremely or
      somewhat effective
 Outsell	
  Annual	
  Adver-sing	
  and	
  Marke-ng	
  Survey	
  -­‐	
  2010	
  
of Fortune U.S. Companies use @mention to
        gauge consumer comments.
            Up from 43% in 2010
Are re-Tweeting posts
    Up 32% in 2010
          .
How U.S. brands Use Twitter

         Provide company news,
         updates and announcements

         	
  Customer Service

         Deals and contests related
         to products and services
 	
  	
  	
  	
  




                          500,000,000+	
  
                       Ac4ve	
  Facebook	
  Users	
  

                            110+	
  Million	
  
                          in	
  the	
  U.S.	
  Alone	
  
 	
  	
  	
  	
  

                       And,	
  of	
  That	
  Paltry	
  500	
  Million,	
  Only	
  

             • 50%	
  log	
  on	
  on	
  any	
  given	
  day	
  and	
  
             • Spend	
  a	
  total	
  of	
  700	
  BILLION	
  minutes	
  –	
  per	
  	
  	
  	
  
             	
  	
  day	
  and	
  there	
  are	
  only	
  
             • 900+	
  billion	
  objects	
  that	
  people	
  interact	
  	
  	
  
             	
  	
  with	
  (pages,	
  groups,	
  events,	
  community	
  	
  	
  
             	
  	
  pages,	
  etc.)	
  
                                         Source:	
  Facebook	
  Press	
  Stats	
  
Pieces	
  of	
  CONTENT	
  
   shared	
  on	
  Facebook	
  each	
  WEEK	
  
            (yes,	
  that’s	
  Billion	
  with	
  a	
  “B”)	
  




          ,000	
  
     0,000
30,00
Links,	
  blog	
  posts,	
  photos,	
  videos,	
  stories,	
  news	
  
                           stories,	
  etc.	
  
Number of Facebook Likes for
                U.S. Companies Doubled

                                     
Burson-­‐Marsteller	
  2011	
  
of U.S. Companies allow fans to post on their wall
Burson-­‐Marsteller	
  2011	
  
Respond to wall posts
Burson-­‐Marsteller	
  2011	
  
Let’s Talk About
100
Million
 Users
200+ Countries
   15 Million
Monthly Unique Visitors
the Biggest
Business
 Social Network
Professional Networking




Covers many
key professional
categories
users are Senior Managers,
 Middle Managers, CEOs,
Presidents, Vice-Presidents,
  Sales Executives, Small
     Business Owners,
       Entrepreneurs
      and much more.
is an Online Rolodex

           only much more
More	
  than	
  80%	
  of	
  companies	
  use	
  social	
  
            media	
  for	
  recruitment	
  	
  




                            95%
                             are	
  using	
  LinkedIn	
  
Source:	
  Jobvite	
  Social	
  Recruitment	
  Survey,	
  via	
  Erik	
  Qualman’s	
  Social	
  Media	
  Revolu4on	
  Video	
  
80%	
  	
  
    Are	
  College	
  Graduates	
  

                 53%	
  	
  
Earn	
  more	
  than	
  $100,000/year	
  	
  	
  

                       41	
  years	
  
 Average	
  Age:	
  	
  
People don’t CARE about your
ad, they care about what their
 FRIENDS and PEERS think.


 CARE,              Hmmm
FRIENDS
This	
  is	
  also	
  true	
  when	
  it	
  comes	
  to	
  
                        recrui1ng	
  and/or	
  job	
  hun1ng.	
  

Source:	
  2010	
  Nielsen	
  Global	
  Online	
  Consumer	
  Survey	
  	
  via	
  Erik	
  Qualman’s	
  Social	
  Media	
  Revolu-on	
  Video	
  
can	
  transform	
  your	
  ability	
  to	
  connect	
  with	
  
other	
  professionals	
  in	
  an	
  environment	
  they	
  
trust.	
  Take	
  your	
  business	
  and	
  professional	
  
             career	
  to	
  the	
  next	
  level.	
  
How	
  Does	
  This	
  
 Impact	
  Your	
  
  Business?       	
  
Inbound Marketing is More Effective
     Outbound
     Ave. Cost Per Lead
                                             Inbound is

      $332                                     60%
                                         lower per lead

                                             Inbound
                                            Ave. Cost Per Lead


                                                $134
       Source: State of Inbound Marketing Report - http://bit.ly/aewfHr
Those businesses that do
 analyze ROI, find online
marketing more effective
than traditional marketing.


   ARM	
  Interna-onal	
  Report	
  on	
  B2B	
  Marke-ng	
  -­‐	
  2010	
  
Guess	
  What?	
  

     Social	
  Media	
  	
  

             is	
  	
  
Inbound	
  MarkeMng!	
  
Only




of B2B Marketers Formally Analyze
      Metrics to Judge ROI.

   ARM	
  Interna-onal	
  Report	
  on	
  B2B	
  Marke-ng	
  -­‐	
  2010	
  
aren’t


You can’t measure Social Media like a
            traditional channel

        So don’t try to make an
      Apple out of an Orange
Don’t Despair, (hang on)
Before ROI, you get this:
•  Increase in site traffic
•  Increase in time spent on site
•  Views of a specific landing page, blog post
   or offer
•  Increased follower/like/friend base
•  Increase in Share of Voice
•  Increase in Positive Sentiment
PATIENCE is a Virtue
Because, what you GET is this:
•  Increased revenue
•  More leads
•  Shorter sales cycles
•  Lower customer acquisition costs
•  Lower customer service costs
•  Lower customer retention costs

  (Bosses Are Happy!) (Priceless)
WHO Says
Investing in Social
  Media Works?
Says WHO?




Invested $15K in
  social media
Web traffic up 300%

     Sales up 20%
Source: Erik Qualman, Socialnomics
Says WHO?




                 25%                   of Ford’s entire marketing
                                       Spend is on social media

                     (Pssst: Think there’s a reason for that?)

Source: Erik Qualman, Socialnomics
Says WHO?




    24%
 of their leads
convert to sales
 opportunities
Source: Erik Qualman, Socialnomics
Says WHO?




Gary Vaynerchuk says…
Took family wine business from
       $4 Million to

  $50 Million
via social media
He found that spending:
    $15,000 on direct mail
Only Netted 200 new customers

     $7,500 on billboards
Only Netted 300 new customers
On the other hand…
$0 on social media (other than time)

       Netted a whopping
     1,800 new customers
Back to the Tricky Question –
        That Pesky ROI


The Key is BENEFITS

                     Short vs. Long

                       Finan cial vs.
                       Non- Financial
    Analytics
If you’re not MEASURING,
  you’re not MARKETING.
Create a SCORECARD
Scorecard
Financial    Have Revenue/Profits increased? 	
  


Financial    Have Costs decreased? 	
  


             Have consumer attitudes about
 Brand       the brand improved? 	
  

   Risk
Management   Better prepared to find/respond? 	
  


             Has the company enhanced
 Digital     its assets? 	
  
Your Scorecard




Source,	
  Augie	
  Ray,	
  Forrester	
  Genius,	
  hep://www.experiencetheblog.com	
  
    Strategy	
  
         Measure
         Test
         Test
           Measure
                     me More
          Test So
                     e
          Measur 	
  
                        n
             Test Agai
 Social Mediums Can Help
     Here’s how you do it:	
  
Social media allows you to do this:

     Humanize your brand
Engage directly with your prospects
    Provide customer service
Deepen and develop relationships
      Listen to customers
     Deliver what they need
       That’s pretty cool, isn’t it?
YES!
	
  Does it take time?
!
 	
  Is   it worth it?




YE S
 Stalk   Me

    	
  Twitter: @shellykramer
    Facebook: Shelly Kramer
LinkedIn: Shelly DeMotte Kramer
          816.200.2520
       shelly@v3im.com
        http://v3im.com
Feel free to use this presentation as you wish.
             Attribution would be splendid.

      Special thanks to Al Bonner of Presentation
        Transformations for helping to make my
     presentations, and everything I do, better. You
               can see more of his work at
        http://presentationtransformations.com




   INTEGRATED
    MARKETING
Vision + Voice + Value

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Social Media: Why It is Critical to Business Today

  • 1. Why Social Media Matters + How It Impacts Your Business Presented by: Shelly Kramer, CEO INTEGRATED MARKETING Vision + Voice + Value
  • 2. 3 Years Ago, I was Using 0 Technology No SmartPhone No Business Website No Social Media I didn’t need them to be successful. Sound familiar?
  • 3. Today, my life is slightly different – and so is my business Business Owner, Blogger, Social Media Believer, Marketer, Online Expert, Web Developer and User Experience Nut, Stats Obsessed-ROI Focused Geek, Industry Expert, Speaker. Most Importantly, I’m a Teacher
  • 4.
  • 5. Old World Way to Reach Customers Banner Website Search Direct Phone Call Center Mail Lead Gen Sales Rep Phone
  • 6. Old World Way to Reach Customers Direct Marketing = Fire Hose
  • 7. New World Way to Reach Customers   Video   Paid   Search   Social   IP  TV   TV   Ra4ng   Widgets   Sites   E-­‐Mail   Website   Mobile   Sales   Rep   en   Blogs   Call   Print   Center   Organic   Search   Banner   Lead   Comm Gen   unity   Direct   mail  
  • 8. New World Way to Reach Customers Brand Marketing = Envelope them in a Fog
  • 10.
  • 11. Only   of Consumers Trust Advertisements. Source:  “Marke-ng  to  the  Social  Web,”  Larry  Weber,  Wiley  Publishing    2007,   via  Erik  Qualman’s  Social  Media  Revolu-on  Video  
  • 13. Social Media is for Leads and Sales Percentage of companies that have acquired a customer from: Company Blog 46% LinkedIn 41% Facebook 44% Twitter 41% Source: State of Inbound Marketing Report - http://bit.ly/aewfHr
  • 14. B B B C 2 2 VS. 2010  Whitehorse  Marke-ng  Survey  
  • 15.
  • 16.
  • 17.
  • 18.
  • 19. Social Media is for Leads and Sales Percentage of companies that have acquired a customer from: Company Blog 46% LinkedIn 41% Facebook 44% Twitter 41% Source: State of Inbound Marketing Report - http://bit.ly/aewfHr
  • 20. U.S. Companies are Putting Increasing Emphasis on Blogging % of Total 43% 39% 34% 29% 25% 16% 2007 2008 2009 2010 2011 2012 Projected Source: emarketer, August 2010
  • 21. of U.S. Companies Use Blogs for Marketing Purposes
  • 22. increase in sales for companies that blog over companies that don’t blog
  • 23. Twitter is emerging as the leading platform among the world’s largest corporations. of Fortune Global 100 Companies have a Twitter Account
  • 24. Have a Facebook Account Burson-­‐Marsteller  2011  
  • 25. Asked to rate the effectiveness of Social Media… Plus said Facebook was extremely or somewhat effective Outsell  Annual  Adver-sing  and  Marke-ng  Survey  -­‐  2010  
  • 26. of Fortune U.S. Companies use @mention to gauge consumer comments. Up from 43% in 2010
  • 27. Are re-Tweeting posts Up 32% in 2010 .
  • 28. How U.S. brands Use Twitter Provide company news, updates and announcements  Customer Service Deals and contests related to products and services
  • 29.           500,000,000+   Ac4ve  Facebook  Users   110+  Million   in  the  U.S.  Alone  
  • 30.           And,  of  That  Paltry  500  Million,  Only   • 50%  log  on  on  any  given  day  and   • Spend  a  total  of  700  BILLION  minutes  –  per            day  and  there  are  only   • 900+  billion  objects  that  people  interact          with  (pages,  groups,  events,  community          pages,  etc.)   Source:  Facebook  Press  Stats  
  • 31. Pieces  of  CONTENT   shared  on  Facebook  each  WEEK   (yes,  that’s  Billion  with  a  “B”)   ,000   0,000 30,00 Links,  blog  posts,  photos,  videos,  stories,  news   stories,  etc.  
  • 32. Number of Facebook Likes for U.S. Companies Doubled Burson-­‐Marsteller  2011  
  • 33. of U.S. Companies allow fans to post on their wall Burson-­‐Marsteller  2011  
  • 34. Respond to wall posts Burson-­‐Marsteller  2011  
  • 37. 200+ Countries 15 Million Monthly Unique Visitors
  • 39. Professional Networking Covers many key professional categories
  • 40. users are Senior Managers, Middle Managers, CEOs, Presidents, Vice-Presidents, Sales Executives, Small Business Owners, Entrepreneurs and much more.
  • 41. is an Online Rolodex only much more
  • 42. More  than  80%  of  companies  use  social   media  for  recruitment     95% are  using  LinkedIn   Source:  Jobvite  Social  Recruitment  Survey,  via  Erik  Qualman’s  Social  Media  Revolu4on  Video  
  • 43. 80%     Are  College  Graduates   53%     Earn  more  than  $100,000/year       41  years   Average  Age:    
  • 44. People don’t CARE about your ad, they care about what their FRIENDS and PEERS think. CARE, Hmmm FRIENDS
  • 45. This  is  also  true  when  it  comes  to   recrui1ng  and/or  job  hun1ng.   Source:  2010  Nielsen  Global  Online  Consumer  Survey    via  Erik  Qualman’s  Social  Media  Revolu-on  Video  
  • 46. can  transform  your  ability  to  connect  with   other  professionals  in  an  environment  they   trust.  Take  your  business  and  professional   career  to  the  next  level.  
  • 47. How  Does  This   Impact  Your   Business?  
  • 48. Inbound Marketing is More Effective Outbound Ave. Cost Per Lead Inbound is $332 60% lower per lead Inbound Ave. Cost Per Lead $134 Source: State of Inbound Marketing Report - http://bit.ly/aewfHr
  • 49. Those businesses that do analyze ROI, find online marketing more effective than traditional marketing. ARM  Interna-onal  Report  on  B2B  Marke-ng  -­‐  2010  
  • 50. Guess  What?   Social  Media     is     Inbound  MarkeMng!  
  • 51. Only of B2B Marketers Formally Analyze Metrics to Judge ROI. ARM  Interna-onal  Report  on  B2B  Marke-ng  -­‐  2010  
  • 52. aren’t You can’t measure Social Media like a traditional channel So don’t try to make an Apple out of an Orange
  • 53. Don’t Despair, (hang on) Before ROI, you get this: •  Increase in site traffic •  Increase in time spent on site •  Views of a specific landing page, blog post or offer •  Increased follower/like/friend base •  Increase in Share of Voice •  Increase in Positive Sentiment
  • 54. PATIENCE is a Virtue Because, what you GET is this: •  Increased revenue •  More leads •  Shorter sales cycles •  Lower customer acquisition costs •  Lower customer service costs •  Lower customer retention costs (Bosses Are Happy!) (Priceless)
  • 55. WHO Says Investing in Social Media Works?
  • 56. Says WHO? Invested $15K in social media Web traffic up 300% Sales up 20% Source: Erik Qualman, Socialnomics
  • 57. Says WHO? 25% of Ford’s entire marketing Spend is on social media (Pssst: Think there’s a reason for that?) Source: Erik Qualman, Socialnomics
  • 58. Says WHO? 24% of their leads convert to sales opportunities Source: Erik Qualman, Socialnomics
  • 60. Took family wine business from $4 Million to $50 Million via social media
  • 61. He found that spending: $15,000 on direct mail Only Netted 200 new customers $7,500 on billboards Only Netted 300 new customers
  • 62. On the other hand… $0 on social media (other than time) Netted a whopping 1,800 new customers
  • 63. Back to the Tricky Question – That Pesky ROI The Key is BENEFITS Short vs. Long Finan cial vs. Non- Financial
  • 64.   Analytics If you’re not MEASURING, you’re not MARKETING.
  • 66. Scorecard Financial Have Revenue/Profits increased?   Financial Have Costs decreased?   Have consumer attitudes about Brand the brand improved?   Risk Management Better prepared to find/respond?   Has the company enhanced Digital its assets?  
  • 67. Your Scorecard Source,  Augie  Ray,  Forrester  Genius,  hep://www.experiencetheblog.com  
  • 68.   Strategy    Measure  Test  Test   Measure me More  Test So e  Measur   n   Test Agai
  • 69.  Social Mediums Can Help Here’s how you do it:  
  • 70. Social media allows you to do this: Humanize your brand Engage directly with your prospects Provide customer service Deepen and develop relationships Listen to customers Deliver what they need That’s pretty cool, isn’t it?
  • 71. YES!  Does it take time?
  • 72. !  Is it worth it? YE S
  • 73.  Stalk Me  Twitter: @shellykramer Facebook: Shelly Kramer LinkedIn: Shelly DeMotte Kramer 816.200.2520 shelly@v3im.com http://v3im.com
  • 74. Feel free to use this presentation as you wish. Attribution would be splendid. Special thanks to Al Bonner of Presentation Transformations for helping to make my presentations, and everything I do, better. You can see more of his work at http://presentationtransformations.com INTEGRATED MARKETING Vision + Voice + Value

Notes de l'éditeur

  1. According to Pingdom, 10% of Googles search traffic comes from mobile.
  2. According to Pingdom, 10% of Googles search traffic comes from mobile.
  3. According to Pingdom, 10% of Googles search traffic comes from mobile.
  4. Genius.com (software company)