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HOW DO YOU SELL WITH SOCIAL MEDIA?


        Presentation prepared by
         Magdalena Pawlowicz,
      Partner @ Social Viper/Komfo
Agenda

• How to generate profit from social media
  efforts?
• How to best monetize your social media
  activities?
• How to get sales when “social” is not
  supposed to be sales-oriented and how
  to speed up the sales process?
• How to generate profit from social media efforts?
Some Definitions..

• Sales generate revenue. Marketing generates
  profits.
• Marketing, including social media marketing, is
  about efficiency.
• Marketing is a process of decreasing the time,
  money, and resources required to communicate with
  customers and make it easy for them to buy products
  and services.
• The more efficient your marketing is, the more profit
  you make. That’s what you want to optimize for.
Companies not only have more accounts than
ever, but more people publishing on them


 Total Employees      Avg. Number of Employees Posting
      2,500                                 13
      7,500                                 22
      30,000                                83
      75,000                                182
     100,000+                               280
                For companies over 5,000          Source: Survey, Altimeter
                employees the ratio stays
                fairly constant – i.e.
                companies are hiring more
                staff in order to scale
Microsoft has more than 178 social channels..
Four Seasons has 84 twitter accounts..




You’d better have a standardized process of
managing login credentials, allocation and
scheduling of tasks and postings, standardizing
reporting and analytics, and not least handling
engagement
GiffGaff mobile – Social CRM & Community/
Sharing Marketing –> Saving £20m per year




                                          GiffGaff has no call center.
                                      Instead, the community receives
                                       pre-pay credits and badges for
                                        contributions. The community
                                          answers 50% of customer
                                           questions. The average
                                         response time is 3 minutes.
     GiffGaff estimated that if O2
    could replicate the model with
      just 25% of their customers
     participating, they could save
             £20m per year
Best Buy leverages “super users” to answer
30% of all questions - > Increased cost savings




                                       Started in 2008, Best Buy’s community
                                         receives 2.5 million visitors a year,
                                        generating 100,000 conversations. In
                                        addition, 25 super users spend 8-12
                                         hours a week on the site answering
                                        about 30 percent of all the questions
   Savings in employee social costs,
                                                       asked.
      fixed costs, overhead costs,
Streamlining operations to get marketing
efficiency is the Top Priority




                               Top Priorities are Scalable
                               Deployments




                                           Source: Survey, Altimeter


                                                                9
Social Media Management Systems are
 creeping into marketing departments




Source: komfo.com
 How to best monetize your social media
  activities?
Integrating Social into Corporate/Brand
  Websites/Landing Pages is step 1


       0. No           1. Social    2. Social    3. Social      4. Seamless
    Integration        Linking     Publishing   Aggregation     inegration

                                      Passive
                                                  Basic Feeds
                                      Sharing


                                       Active      Curated
                                      Sharing    Aggregation


                                                    Social
Most companies are here in EU
                                                   Content
Monetization through Efficient Social
Broadcasting




  Publishing marketing content (deals, media, news):
  Requirements include ability to post a variety of media types; ability to target
  messaging based on time, geography, social networks, and demographics; and
  a content library.
Social Broadcasting Case: The Palms Hotel
The Media Leaders, a group using HootSuite on behalf of
The Palms, used targeted messaging to Twitter and
Facebook users based on keywords and location, including
trackable links.




    In a 30-day period The Palms
    gained 2,600 followers,
    exceeded the room rate
    reservation goal by 47% and
    exceeded revenue goals by
    67%



                                                       14
• How to get sales when “social” is not
  supposed to be sales-oriented and how to
  speed up the sales process?
Let us get a couple of things Straight

  • 51% of consumers are more likely to buy from a brand
    they follow on Facebook.

  • 56% of web buyers cite the facebook wall and fan pages
    as having significant influence over buying decisions.

  • F-Commerce increases conversion; 51% increase in
    likelihood a customer will purchase, after clicking the
    ‘like’ button.
  Various sources


Users do not see sharing as a ’Sale ’as it comes from a
             trusted source: your Friend
Speeding up your Sales Process


                     Targeting
Extending your                       Increase Velocity
                   Influencers to
    Reach                               of Pipeline
                 drive conversions


          Boosting the       Better Return
            value of        through Better
           Marketing             Leads
Extending your reach through network
              of shops
Better Return Through Better Leads

• Getting to know
  your Prospect,
  Establish
  Relationships and
  Endorse those
  through a 3rd party
  ................through
  whatever social
  media channel you
                            Source: Social Viper
  use
Tagerting Influencers to Drive Conversion




Source: Komfo
Increasing Velocity through your
            Pipeline
Last...not least ...Meausure




Source: Komfo
Thank you


Partner,
Magdalena Pawlowicz
mp@socialviper.com
+358 (0) 40 740 3525

Social Viper Finland & Estonia,
Komfo Finland & Estonia

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Tallinn Socialfest 2012 - Magdalena Pawlowicz

  • 1. HOW DO YOU SELL WITH SOCIAL MEDIA? Presentation prepared by Magdalena Pawlowicz, Partner @ Social Viper/Komfo
  • 2. Agenda • How to generate profit from social media efforts? • How to best monetize your social media activities? • How to get sales when “social” is not supposed to be sales-oriented and how to speed up the sales process?
  • 3. • How to generate profit from social media efforts?
  • 4. Some Definitions.. • Sales generate revenue. Marketing generates profits. • Marketing, including social media marketing, is about efficiency. • Marketing is a process of decreasing the time, money, and resources required to communicate with customers and make it easy for them to buy products and services. • The more efficient your marketing is, the more profit you make. That’s what you want to optimize for.
  • 5. Companies not only have more accounts than ever, but more people publishing on them Total Employees Avg. Number of Employees Posting 2,500 13 7,500 22 30,000 83 75,000 182 100,000+ 280 For companies over 5,000 Source: Survey, Altimeter employees the ratio stays fairly constant – i.e. companies are hiring more staff in order to scale
  • 6. Microsoft has more than 178 social channels.. Four Seasons has 84 twitter accounts.. You’d better have a standardized process of managing login credentials, allocation and scheduling of tasks and postings, standardizing reporting and analytics, and not least handling engagement
  • 7. GiffGaff mobile – Social CRM & Community/ Sharing Marketing –> Saving £20m per year GiffGaff has no call center. Instead, the community receives pre-pay credits and badges for contributions. The community answers 50% of customer questions. The average response time is 3 minutes. GiffGaff estimated that if O2 could replicate the model with just 25% of their customers participating, they could save £20m per year
  • 8. Best Buy leverages “super users” to answer 30% of all questions - > Increased cost savings Started in 2008, Best Buy’s community receives 2.5 million visitors a year, generating 100,000 conversations. In addition, 25 super users spend 8-12 hours a week on the site answering about 30 percent of all the questions Savings in employee social costs, asked. fixed costs, overhead costs,
  • 9. Streamlining operations to get marketing efficiency is the Top Priority Top Priorities are Scalable Deployments Source: Survey, Altimeter 9
  • 10. Social Media Management Systems are creeping into marketing departments Source: komfo.com
  • 11.  How to best monetize your social media activities?
  • 12. Integrating Social into Corporate/Brand Websites/Landing Pages is step 1 0. No 1. Social 2. Social 3. Social 4. Seamless Integration Linking Publishing Aggregation inegration Passive Basic Feeds Sharing Active Curated Sharing Aggregation Social Most companies are here in EU Content
  • 13. Monetization through Efficient Social Broadcasting Publishing marketing content (deals, media, news): Requirements include ability to post a variety of media types; ability to target messaging based on time, geography, social networks, and demographics; and a content library.
  • 14. Social Broadcasting Case: The Palms Hotel The Media Leaders, a group using HootSuite on behalf of The Palms, used targeted messaging to Twitter and Facebook users based on keywords and location, including trackable links. In a 30-day period The Palms gained 2,600 followers, exceeded the room rate reservation goal by 47% and exceeded revenue goals by 67% 14
  • 15. • How to get sales when “social” is not supposed to be sales-oriented and how to speed up the sales process?
  • 16. Let us get a couple of things Straight • 51% of consumers are more likely to buy from a brand they follow on Facebook. • 56% of web buyers cite the facebook wall and fan pages as having significant influence over buying decisions. • F-Commerce increases conversion; 51% increase in likelihood a customer will purchase, after clicking the ‘like’ button. Various sources Users do not see sharing as a ’Sale ’as it comes from a trusted source: your Friend
  • 17. Speeding up your Sales Process Targeting Extending your Increase Velocity Influencers to Reach of Pipeline drive conversions Boosting the Better Return value of through Better Marketing Leads
  • 18. Extending your reach through network of shops
  • 19. Better Return Through Better Leads • Getting to know your Prospect, Establish Relationships and Endorse those through a 3rd party ................through whatever social media channel you Source: Social Viper use
  • 20. Tagerting Influencers to Drive Conversion Source: Komfo
  • 23. Thank you Partner, Magdalena Pawlowicz mp@socialviper.com +358 (0) 40 740 3525 Social Viper Finland & Estonia, Komfo Finland & Estonia