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This is a  Social Media & Digital Marketing  Presentation
Factors hindering the adoption of Social Media programs at large organizations  Source: MarketingSherpa Social Media Marketing and PR Benchmark Survey 2008
The evolution of social media Timing of four overlapping eras ERA OF SOCIAL RELATIONSHIPS Start: 1996 Maturity: 2003 to 2007 ERA OF SOCIAL FUNCTIONALITY Start: 2007 Maturity: 2010 to 2012 ERA OF SOCIAL CONTEXT Start: 2009 Maturity: 2012 ERA OF SOCIAL COMMERCE Start: 2011 Maturity: 2013
SPHERE WITH CORE The relationship between persuasion and confidence: EFFICIENCY Purchase decision  point persuasion ”Marketing Promise”  Advertising  Public Relations Offers  This is an example text.  confidence ”Trust and expectation”  Word of Mouth  Research  Brand interactions 90% 90% of consumers trust recommendations from people they know, 70% trust opinions of unkown users – Source: eConsultancy 2009
SPHERE WITH CORE Consumption and creation: EVOLVED INFLUENCE AWARE CONSIDER RESEARCH consume BUY WOM: USE create RECOMMEND EXPRESS
Revenue from social media: SOCIAL COMMERCE Exchange of experiences “The exchange of experiences, opinions and referrals  to enhance the purchase and advocacy of brands, goods and services”  ,[object Object]
Understanding why it makes commercial sense to help people to connect where they buy and buy where they connect provides businesses with a strategic advantage
The opportunity to reap the rewards from an insight-led social commerce strategy is far greater than merely deploying a disparate set of tactical tools,[object Object]
Social commerce shifts the aim of marketing from persuasion to trust1 2 3 GO FISHING  WHERE THE FISH ARE   ,[object Object],Social media already accounts for 16% of all time  	spent online versus 5% using search engines. (Source:  OAP Internet Activity Index 2009)  49% 16% THE SOCIAL PSYCHOLOGY OF SHOPPING  ,[object Object],49% of shoppers have made a purchase based on a  recommendation through a social media property (Source: Razorfish 2009)
The principles of social psychology Behavioural drivers behind social ecommerce  Social Media  Tools Social Proof  The behavioural rule: Follow the Crowd  ,[object Object]
When something stands out as dominant, we instinctively perceive this as social proof; validation Pick Lists such as wish-lists and gift-lists offer social proof about what people want and what is desirable Popularity Lists that allow shoppers to view options by ‘most popular’, ‘most viewed’, ‘most favorite’, ‘most commented’ etc provide social proof as to what’s best to buy Authority  The behavioural rule: Follow the Authority ,[object Object]
Specialist knowledge, experience and expertise saves us time.Referral Programs stimulate recommendations from people in the know who shoppers trust Social Media Reviews by authoritative professional reviewers (blog reviews, webzine reviews, YouTube reviews), and also by existing customers because we assign authority to voice of experience Scarcity  The behavioural rule: Scarce stuff is the good stuff  ,[object Object],Deal Directories that list exclusive time-sensitive shopping deals (often with a count-down clock), from those in the know Social Network Storefronts with great exclusive deals/products for social network members only
The principles of social psychology Behavioural drivers behind social ecommerce  Social Media  Tools Liking The behavioural rule: Follow those that you like  ,[object Object],Ask-Your-Network tools for real-time recommendations and opinions from shopper social circles (‘friend sourcing’) Share-With-Your-Network tools that allow shoppers to share shopping experiences/finds with their social circle (affinity network) Consistency The behavioural rule: Be consistent  ,[object Object]
 When our beliefs and behaviors don’t match up, we feel psychological discomfort, a big motivator for trying to be consistentShare-With-Your-Network tools harness the consistency heuristic to drive loyalty and repurchase by creating publicly association between the shopper and purchased products and the e-commerce site Social Media Entertainment uses the small commitment of paying attention to make future purchases more consistent with past behavior Reciprocity The behavioural rule: Scarce stuff is the good stuff  ,[object Object],Group-Buy tools that allow friends to do their friends a favour and get them deals, which get reciprocated with participation Referral Programs that allow friends to offer exclusive access or special deals to their friends stimulate take-up and sales

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Web Liquid Approach To Social Media Marketing 2010

  • 1. This is a Social Media & Digital Marketing Presentation
  • 2. Factors hindering the adoption of Social Media programs at large organizations Source: MarketingSherpa Social Media Marketing and PR Benchmark Survey 2008
  • 3. The evolution of social media Timing of four overlapping eras ERA OF SOCIAL RELATIONSHIPS Start: 1996 Maturity: 2003 to 2007 ERA OF SOCIAL FUNCTIONALITY Start: 2007 Maturity: 2010 to 2012 ERA OF SOCIAL CONTEXT Start: 2009 Maturity: 2012 ERA OF SOCIAL COMMERCE Start: 2011 Maturity: 2013
  • 4. SPHERE WITH CORE The relationship between persuasion and confidence: EFFICIENCY Purchase decision point persuasion ”Marketing Promise” Advertising Public Relations Offers This is an example text. confidence ”Trust and expectation” Word of Mouth Research Brand interactions 90% 90% of consumers trust recommendations from people they know, 70% trust opinions of unkown users – Source: eConsultancy 2009
  • 5. SPHERE WITH CORE Consumption and creation: EVOLVED INFLUENCE AWARE CONSIDER RESEARCH consume BUY WOM: USE create RECOMMEND EXPRESS
  • 6.
  • 7. Understanding why it makes commercial sense to help people to connect where they buy and buy where they connect provides businesses with a strategic advantage
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15. Our methodology: SOCIAL MEDIA ROADMAP Measurement. Monitoring. Marketing. Define Purpose Define proposition and objectives of social media investments Marcoms integration Integrate into Marcoms activities based on findings from monitoring Measurement & KPIs Define financial KPIs and implement back-end tracking Monitor and listen Monitor blogsphere to benchmark sentiment and conversation 1 2 3 4 Build communities Increase visibility & establish presence within main platforms Activate advocates Identify and establish contact with best customers and influencers Recruit Prospects Increase number of participants & contributors Grow Share of Voice Increase share of voice through tactical promotions 5 6 7
  • 16.
  • 17. Social Media GOVERNANCE DOCUMENT – define policies and approach to the use of social media
  • 18. CREATORS AND FACILITATORS - identify key internal individuals involved with social media – customer service, sales, in store management
  • 19.
  • 20. Draft initial BRAND DASHBOARD, amalgamating data from site analytics, email, display, social media, paid search, organic search
  • 21. Integration of data to measure PEER INFLUENCE by tracking social media engagement (e.g. Facebook “Like It”)
  • 22. Integrate different data sources into one single Brand Dashboard to gain a holistic view of influence and performance
  • 23. Establish a methodology that allows you to understand contribution of sites post and pre “last click”
  • 24. Implement Peer Influence Analysis into your reporting
  • 25. Conduct an intial audit of current measurement approach and data outputs
  • 26. Prepare a detailed set of recommendations to improve accounatbility and visibility of data including social media tracking Measurement & KPIs
  • 27.
  • 28. Build branded environments within key social media platforms including LinkedIn, YouTube, Facebook, Twitter, Tripadvisor
  • 29. Identify potential co-branded opportunities with affinity partners
  • 30. Build applications within specific communities including FacebookBuild Communities
  • 31.
  • 32. Partner with social media platforms to identify, incentivize and track brand advocates
  • 33. Identify individual influential bloggers with a high propensity to create content
  • 34. Tie “Love your Body” rewards program and social media communications
  • 35. Develop a proposition for brand advocates to increase involvement
  • 36.
  • 37. Recruit in-store customers: monetize your foot traffic
  • 38.
  • 39. Leverage seasonal events and celebrations to increase share of voice and conversation
  • 40. Develop a plan to increase involvement within social media platforms Grow Share of Voice
  • 41. Thank you, We look forward to the opportunity of working with you! www.webliquidgroup.com General Inquiries: info@webliquidgroup.com London: +44 (0) 20 7253 4133 New York: +1 646 257 1106