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Insights into 10 Trends that
Matter and the Impact of Social
Media
Neville Hobson
Head of Social Media Europe
WCG London

March 8, 2010
In the Next 50 Minutes

1. Where
   does social media really fit into your business world?

2. Who
   else is using social media and what measurable benefits are
   they enjoying?

3. How
   do you identify online influencers and connect with them?

4. What
   can we do to support you right now?
Do You Know?


                                                                 • How, where and when does
                                                                   she discuss your/your
                                                                   client’s brand online?
                                                                 • With whom?
                                                                 • Do you know? With
                                                                   precision?




   http://picasaweb.google.com/lh/photo/ymWsJfDtfBl08zzMMxAkkg
10 Trends That Matter
  1. Customers are co-shaping       6. You realize that media has
     your reputation every day         already changed
  2. You know exactly where         7. You realize customers want
     conversations are occurring,      to do three things to help
     who has influence, and why        each other
  3. You know which types of        8. You understand ethical
     social media are preferred        behavior is a key part of
     by your customers                 maintaining trust
  4. You know that leaders will     9. You leverage the world’s
     identify issues before they       greatest operating system –
     become critical                   the web – internally
  5. You realize that less than     10. You are an active participant
     1% of a customer’s time is         in how the world is changing
     spent purchasing a product
The Era of Social Computing


      The social structure
   in which technology puts
             power
  in the hands of individuals
        and communities
     instead of institutions.
What’s In A Name?
Clear Behaviour Changes and Trends

• We don’t trust “corporate-speak” or “marketing-speak”
• We fast-forward our DVRs through the interruptions
• We pull content that interests us
• We create our own content, original and mashups
• We embrace word of mouth and eschew mainstream
  media
• We are connected wherever and whenever we wish
• We bring our behaviors to the workplace
Reality
Clear Business Trends and Focus

• Key Trends
  • Marketers are seeking lower cost solutions
  • Desire for more accountable channels
  • High focus on reaching customers directly
  • Mix shifting quickly from traditional to interactive
    channels
• Areas of Focus
  • Social Media (CAGR of 34% to 2014 – Forrester)
  • Search Marketing (biggest bucket)
  • Display advertising, email marketing, mobile marketing
    next
Top 10 Online Influence Areas
The Media World Isn’t Changing…

…it has already changed
• Media Outlets: 74 of top 100 outlets for Techmeme are
  blogs/online sites
• Bloggers: 3 of 4 look to each other for their next story
• Customers: 3 of 4 look to each other for purchase advice
• Conversations: the driver of share-of-voice, influence and
  recommendations
  Don’t define it as offline or online: it’s all one media world.
   Just know which conversations are defining your brand.
The New Media
The New Media
http://www.gartner.com/DisplayDocument?id=1092512
                                                    Innovation Can Be Confusing in Real Time
The Formula for Success is Simple

1. Knowledge - Understand the marketplace
  •   Clarity on trends, best practices
  •   Educate and raise awareness
2. Clarity - Listen and learn with precision
  •   Most quantitative area we’ve ever had to analyze
3. Influence - Identify the exact locations of influence
   and influencers
  •   No guessing
4. Content - Focus on content syndication and
   conversations
  •   Web sites are locations for content you want to share
      widely
The Formula for Success

1. Habits - Know how your customers search for
   knowledge
  •   What are the questions they ask when they search?
2. Engagement - Empower customers in their three
   key areas of interest
  •   Ideas, product knowledge and solutions
3. Leverage Technology - Utilize social media
   technology throughout your company
  •   Improve collaboration, field sales input, redefine how
      you conduct market research and more
What You Learn by Listening
• It’s about knowing
   • Where the conversations are happening
   • What your share is of the conversations
   • What are the conversations that you could /
     should be in
   • Who are the key influencers who can help
     build your brand
• It’s about expanding your news flow
   • Simple syndication – distribute news via basic sharing tools
     (e.g., Twitter and Facebook)
• It’s about understanding communities
   • Which groups, forums and networks matter?
   • Who drives Share of Voice in these communities?
   • What are the next steps in driving relationships?
• It’s about leveraging the toolkit and practicing the discipline
How You Build Competitive Advantage
• Complete knowledge of where       • Ability to get ahead of issues
  the opportunity really is for       to improve preparation
  your brand                           • See trends emerge before they
   • Where are conversations             become public, in some cases
     occurring? Who has true        • Capability to integrate your
     influence?
                                      learning’s into all brand
• Clear, brief, actionable            activities, eg, natural
  insights for your brand             search/paid search, use of
   • Who are the top influencers?     keywords and much more
     Which keywords matter?            • Insights delivered so you can
• Knowledge of your                      easily utilize them
  competitor’s actions
   • So that you outsmart them
Understand the New Rules of Engagement


                       Imperatives:
                       • We must reach the new
                         influencers
                       • On their terms
                       • Engage in the conversation
                         or fail to connect




                         The Conversation Prism. Created by Brian Solis and Jess3
                         http://theconversationprism.com/
Understand Your Customers

•Who they are
•Where they are
•Why they're there
•Where you should be
 • Why?
 • How?
Understand Your Customers

• Your customer is discussing your brand everyday
  • Do you know which words are important?
  • Do you look at search like an advertiser or a detective?
• <10% of your customers will contact you in a good
  year
  • The majority of your customers utilize search and peer
    to peer contact to answer their questions
  • Where can you start to become a peer?
Understanding the Customer

                                                                    • Subway’s Twitter
                                                                      presence, @subwayfres
                                                                      hbuzz, attracted more
                                                                      than 6,000 followers in
                                                                      less than six months.
                                                                    • The sandwich shop
                                                                      franchise uses Twitter to
                                                                      interact with Subway
                                                                      fans two ways:
                                                                           1. sending out product
                                                                              and promotional news
                                                                           2. monitoring Twitter for
                                                                              buzz about its brand.
  http://www.entrepreneur.com/magazine/entrepreneur/2010/January/204380-2.html
Understanding the Customer
                                                         • McDonald’s operates two
                                                           main Twitter handles.
                                                         • @McDonalds, which has
                                                           more than 4,700 followers,
                                                           is used for brand news and
                                                           information as well as
                                                           customer service
                                                               • Internal research shows
                                                                 that the company is
                                                                 mentioned every 10 to 20
                                                                 seconds on Twitter
                                                         • @McCafeYourDay promot
                                                           es the company’s line of
                                                           specialty coffees.

        http://www.entrepreneur.com/magazine/entrepreneur/2010/January/204380-2.html
Understanding the Customer

                                               • In a little more than a
                                                 year, @DunkinDonuts ga
                                                 ined more than 38,000
                                                 followers by creating a
                                                 place where people can
                                                 share their Dunkin'
                                                 Donuts experiences
                                               • The company focuses on
                                                 creating a place where
                                                 people can talk about
                                                 how much they love
                                                 Dunkin' Donuts products
            http://www.entrepreneur.com/magazine/entrepreneur/2010/January/204380-2.html
Be Where Your Customer Is




          http://www.nevillehobson.com/2010/01/27/proctor-and-gamble-embraces-facebook/
Customers Co-Shaping Your Reputation
• Are you accidently outsourcing the building of your
  brand?
• What is the impression of your brand?
It Pays To Listen




      http://ronamok.com/2008/12/17/ford-fansites-and-firefighting/
The Value of Listening


                 A monitoring approach that tells us:
                 • Who is driving share of conversation for
                   your brand
                 • What the top issues are that matter to
                   your customers
                 • Where your customers live online
                 • How you can add value for your
                   customers
                 • When you should engage the community
                 • Why customers are passionate on certain
                   topics
Decisions

• What to pay attention to
  • Pinpointing conversation trends: are there recurring or
    key topics being talked about?
  • Determining influence level of those talking: who’s
    listening to them?
• What to do about it
  • Engage? How and when?
  • With what measurable goal?
How to Listen
Our Reality

1. Channels have            Imperatives:
   fragmented               • You must reach the new
2. Trust is critical          influencers
3. Social media have        • On their terms
   arrived                  • Engage in the
4. The consumer is in         conversation or fail to
   control (kind of)          connect
5. Content creation and
   distribution have been
   democratized
What Social Media Can Do for You

• It’s about knowing
  •   Where the conversations are happening
  •   What your share of the conversations is
  •   What the conversations are that you could / should be in
  •   Who the key influencers are who can help build your brand


• It’s about expanding your news flow
  • Simple syndication – distribute news via basic sharing tools (eg, Twitter and Facebook)


• It’s about understanding communities
  • Which groups, forums and networks matter?
  • Who drives share of conversation in these communities?
  • What are the next steps in driving relationships?


• It’s about leveraging existing content
 and improving your natural search
What Can
You Do?

Right now?
First Steps
1.  Listen
2.  Give up control
3.  Be natural
4.  Make a commitment
5.  Be where your/your
    client’s customers are
6. Learn to deal with
    negativity
7. Be humble
8. Have a clear and
    measurable objective
9. Develop a plan
10. Listen
DIY

• Google your/your client’s
  primary brand
  • Then see what’s being
    talked about in blogs
• Plot a trend on Blogpulse
  • www.blogpulse.com
• Open an account at
  Twitter, and listen
  • twitter.com
We Start…

• Listen – know your customer’s
  world online with precision
• Learn – make it easy to have all
  news at your fingertips
• Focus on actionable insights
  – what exactly can inform your
  strategy
• Identify who drives share of
  conversation – know the exact
  rank order of each influencer
  online
• Expand your reach with a
  clear focus – launch a new way
  to add value and engage with
  your customers/ communities
Neville Hobson
Head of Social Media, Europe

WCG
25 Southampton Buildings, London WC2A 1AL, UK
direct +44 7824 33 7000 skype nevonskype
twitter jangles
email nhobson@wcgworld.com
blog.wcgworld.com

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Insights into 10 Trends that Matter and the Impact of Social Media

  • 1. Insights into 10 Trends that Matter and the Impact of Social Media Neville Hobson Head of Social Media Europe WCG London March 8, 2010
  • 2. In the Next 50 Minutes 1. Where does social media really fit into your business world? 2. Who else is using social media and what measurable benefits are they enjoying? 3. How do you identify online influencers and connect with them? 4. What can we do to support you right now?
  • 3. Do You Know? • How, where and when does she discuss your/your client’s brand online? • With whom? • Do you know? With precision? http://picasaweb.google.com/lh/photo/ymWsJfDtfBl08zzMMxAkkg
  • 4.
  • 5.
  • 6. 10 Trends That Matter 1. Customers are co-shaping 6. You realize that media has your reputation every day already changed 2. You know exactly where 7. You realize customers want conversations are occurring, to do three things to help who has influence, and why each other 3. You know which types of 8. You understand ethical social media are preferred behavior is a key part of by your customers maintaining trust 4. You know that leaders will 9. You leverage the world’s identify issues before they greatest operating system – become critical the web – internally 5. You realize that less than 10. You are an active participant 1% of a customer’s time is in how the world is changing spent purchasing a product
  • 7. The Era of Social Computing The social structure in which technology puts power in the hands of individuals and communities instead of institutions.
  • 8.
  • 10. Clear Behaviour Changes and Trends • We don’t trust “corporate-speak” or “marketing-speak” • We fast-forward our DVRs through the interruptions • We pull content that interests us • We create our own content, original and mashups • We embrace word of mouth and eschew mainstream media • We are connected wherever and whenever we wish • We bring our behaviors to the workplace
  • 12. Clear Business Trends and Focus • Key Trends • Marketers are seeking lower cost solutions • Desire for more accountable channels • High focus on reaching customers directly • Mix shifting quickly from traditional to interactive channels • Areas of Focus • Social Media (CAGR of 34% to 2014 – Forrester) • Search Marketing (biggest bucket) • Display advertising, email marketing, mobile marketing next
  • 13. Top 10 Online Influence Areas
  • 14. The Media World Isn’t Changing… …it has already changed • Media Outlets: 74 of top 100 outlets for Techmeme are blogs/online sites • Bloggers: 3 of 4 look to each other for their next story • Customers: 3 of 4 look to each other for purchase advice • Conversations: the driver of share-of-voice, influence and recommendations Don’t define it as offline or online: it’s all one media world. Just know which conversations are defining your brand.
  • 17. http://www.gartner.com/DisplayDocument?id=1092512 Innovation Can Be Confusing in Real Time
  • 18. The Formula for Success is Simple 1. Knowledge - Understand the marketplace • Clarity on trends, best practices • Educate and raise awareness 2. Clarity - Listen and learn with precision • Most quantitative area we’ve ever had to analyze 3. Influence - Identify the exact locations of influence and influencers • No guessing 4. Content - Focus on content syndication and conversations • Web sites are locations for content you want to share widely
  • 19. The Formula for Success 1. Habits - Know how your customers search for knowledge • What are the questions they ask when they search? 2. Engagement - Empower customers in their three key areas of interest • Ideas, product knowledge and solutions 3. Leverage Technology - Utilize social media technology throughout your company • Improve collaboration, field sales input, redefine how you conduct market research and more
  • 20. What You Learn by Listening • It’s about knowing • Where the conversations are happening • What your share is of the conversations • What are the conversations that you could / should be in • Who are the key influencers who can help build your brand • It’s about expanding your news flow • Simple syndication – distribute news via basic sharing tools (e.g., Twitter and Facebook) • It’s about understanding communities • Which groups, forums and networks matter? • Who drives Share of Voice in these communities? • What are the next steps in driving relationships? • It’s about leveraging the toolkit and practicing the discipline
  • 21. How You Build Competitive Advantage • Complete knowledge of where • Ability to get ahead of issues the opportunity really is for to improve preparation your brand • See trends emerge before they • Where are conversations become public, in some cases occurring? Who has true • Capability to integrate your influence? learning’s into all brand • Clear, brief, actionable activities, eg, natural insights for your brand search/paid search, use of • Who are the top influencers? keywords and much more Which keywords matter? • Insights delivered so you can • Knowledge of your easily utilize them competitor’s actions • So that you outsmart them
  • 22. Understand the New Rules of Engagement Imperatives: • We must reach the new influencers • On their terms • Engage in the conversation or fail to connect The Conversation Prism. Created by Brian Solis and Jess3 http://theconversationprism.com/
  • 23. Understand Your Customers •Who they are •Where they are •Why they're there •Where you should be • Why? • How?
  • 24. Understand Your Customers • Your customer is discussing your brand everyday • Do you know which words are important? • Do you look at search like an advertiser or a detective? • <10% of your customers will contact you in a good year • The majority of your customers utilize search and peer to peer contact to answer their questions • Where can you start to become a peer?
  • 25. Understanding the Customer • Subway’s Twitter presence, @subwayfres hbuzz, attracted more than 6,000 followers in less than six months. • The sandwich shop franchise uses Twitter to interact with Subway fans two ways: 1. sending out product and promotional news 2. monitoring Twitter for buzz about its brand. http://www.entrepreneur.com/magazine/entrepreneur/2010/January/204380-2.html
  • 26. Understanding the Customer • McDonald’s operates two main Twitter handles. • @McDonalds, which has more than 4,700 followers, is used for brand news and information as well as customer service • Internal research shows that the company is mentioned every 10 to 20 seconds on Twitter • @McCafeYourDay promot es the company’s line of specialty coffees. http://www.entrepreneur.com/magazine/entrepreneur/2010/January/204380-2.html
  • 27. Understanding the Customer • In a little more than a year, @DunkinDonuts ga ined more than 38,000 followers by creating a place where people can share their Dunkin' Donuts experiences • The company focuses on creating a place where people can talk about how much they love Dunkin' Donuts products http://www.entrepreneur.com/magazine/entrepreneur/2010/January/204380-2.html
  • 28. Be Where Your Customer Is http://www.nevillehobson.com/2010/01/27/proctor-and-gamble-embraces-facebook/
  • 29. Customers Co-Shaping Your Reputation • Are you accidently outsourcing the building of your brand? • What is the impression of your brand?
  • 30.
  • 31.
  • 32. It Pays To Listen http://ronamok.com/2008/12/17/ford-fansites-and-firefighting/
  • 33. The Value of Listening A monitoring approach that tells us: • Who is driving share of conversation for your brand • What the top issues are that matter to your customers • Where your customers live online • How you can add value for your customers • When you should engage the community • Why customers are passionate on certain topics
  • 34. Decisions • What to pay attention to • Pinpointing conversation trends: are there recurring or key topics being talked about? • Determining influence level of those talking: who’s listening to them? • What to do about it • Engage? How and when? • With what measurable goal?
  • 36. Our Reality 1. Channels have Imperatives: fragmented • You must reach the new 2. Trust is critical influencers 3. Social media have • On their terms arrived • Engage in the 4. The consumer is in conversation or fail to control (kind of) connect 5. Content creation and distribution have been democratized
  • 37. What Social Media Can Do for You • It’s about knowing • Where the conversations are happening • What your share of the conversations is • What the conversations are that you could / should be in • Who the key influencers are who can help build your brand • It’s about expanding your news flow • Simple syndication – distribute news via basic sharing tools (eg, Twitter and Facebook) • It’s about understanding communities • Which groups, forums and networks matter? • Who drives share of conversation in these communities? • What are the next steps in driving relationships? • It’s about leveraging existing content and improving your natural search
  • 39. First Steps 1. Listen 2. Give up control 3. Be natural 4. Make a commitment 5. Be where your/your client’s customers are 6. Learn to deal with negativity 7. Be humble 8. Have a clear and measurable objective 9. Develop a plan 10. Listen
  • 40. DIY • Google your/your client’s primary brand • Then see what’s being talked about in blogs • Plot a trend on Blogpulse • www.blogpulse.com • Open an account at Twitter, and listen • twitter.com
  • 41. We Start… • Listen – know your customer’s world online with precision • Learn – make it easy to have all news at your fingertips • Focus on actionable insights – what exactly can inform your strategy • Identify who drives share of conversation – know the exact rank order of each influencer online • Expand your reach with a clear focus – launch a new way to add value and engage with your customers/ communities
  • 42. Neville Hobson Head of Social Media, Europe WCG 25 Southampton Buildings, London WC2A 1AL, UK direct +44 7824 33 7000 skype nevonskype twitter jangles email nhobson@wcgworld.com blog.wcgworld.com