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Social Media + Diversity: The ROI for Brands

Chief Business Strategist à Donna + Nailah
25 Jul 2014
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Social Media + Diversity: The ROI for Brands

  1. THE ROI FOR BRANDS SOCIALMEDIA +DIVERSITY:
  2. THE SWEET SPOT: THE INTERSECTION OF YOUR BRAND AND THE “NEW AFFLUENT” CONSUMER.
  3. WITHIN THE NEXT 5 YEARS, MULTICULTURALCLIENTS WILLDRIVE 86% OF THE TOTALGROWTH ON SPENDING IN RETAIL. IF YOU LOOK AT GROWTH WITHOUTTHESE GROUPS, YOU ARE ONLY ADDRESSING 10% OF THE GROWTH.
  4. TARGETFind the natural fit between your brand and diverse audiences. Work up strategies that find your target market on the platforms they use. Identify “new affluent” markets that are currently under valued in brand marketing. Make sure you’re not leaving money on the table.
  5. $3.2 TRILLION:Buying power of racially diverse populations in the United States. Number of affluent multicultural households in the United States: 1.5 MILLION
  6. DITCH THE ‘ONE SIZE FITS ALL’ APPROACH: Black, Latino, and Asian-American users make up 41% of Twitter’s total United States users base — more than 54 million users in the U.S. This opens up an opportunity for brands to communicate directlywith consumers and prospects on Twitterwith a much higher rate of engagement.
  7. ENGAGEEngaged communities drive business. Develop a social content plan that incorporates ongoing advertising campaigns, public relations initiatives and engages emerging audiences. Partnerwith key influencers to create credibility among diverse communities. Listen. Speak in their language. Walkyour talk.
  8. “PEER INFLUENCE IS MORE IMPORTANTTO CUSTOMERS... AND WHILE CONTENT IS IMPORTANT, IT NEEDS TO BE CONTENT ATTHE RIGHTTIME AND ON THE RIGHT PLATFORM SO THE CONTEXTUALELEMENT COMES INTO PLAY.” HUBSPOT'S CEO BRIAN HALLIGAN
  9. INCREASE SOCIALMEDIA CURRENCY + BRAND CREDIBILITY HONEYWELL#THISISWHOLESOME CAMPAIGN
  10. CONVERTCommit. Execute on tactics to convert prospects into loyal customers by providing diverse audiences with the education and tools needed to not only buyyour product or service but also become enthusiastic brand ambassadors in a way unique to their community. Seize opportunities to amplify the customer experience and increase customer satisfaction.
  11. STUDIES SHOW… HIGHLIGHTING DIVERSITY IMPROVES YOUR REPUTATION AND PERCEPTION IN YOUR COMMUNITIES AND CLIENT CIRCLES.
  12. AVOIDING BACKLASH STEER CLEAR OF GENRALIZATIONS + INAUTHENTICITY
  13. THANKS! Nailah Blades @NailahBlades Donna Queza @DonnaQueza Hassan Mira @HassanMirza Pamela Slim @PamSlim
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