Falcon Invoice Discounting: Unlock Your Business Potential
PRSA Maryland November 19, 2009
1. 1
Clothing the Emperor
10 Questions to Ask When Developing A Social www.idfive.com Strategy
225 e. redwood street baltimore, md 21202 410.837.5555 Media
2. 2
Marshal McLuhan
“The medium is the message.”
Media: a technology that affects society not
by its content but by its characteristics.
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
3. 3
no “content”...
...but has social effect
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
4. 4
“media”
Sender information or data Receiver
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
5. 4
“mass media”
Receiver
or data
tion
rma
info
Sender information or data Receiver
info
rma
tion
or d
ata
Receiver
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
6. 5
social: the interaction of humans with other humans
media: technology used to store and deliver information or data
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
7. 6
social media
Participant
or data
n
atio
in form
Participant information or data Participant
infor
mati
on o
r dat
a
Participant
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
8. 7
Social Media:
technologies that facilitate
interactions between humans
using information or data.
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
10. 9
What are
you trying to
accomplish?
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
11. 10
Success Metrics
๏ Traffic
๏ Leads
๏ Conversions
๏ Engagement
๏ Awareness
๏ Being cool
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
12. 11
ROI = Success Metric / Money Spent
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
13. 12
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
14. 12
$5,000 spent
=$5/click
1,000 clicks
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
15. 12
$5,000 spent
=$5/click
1,000 clicks
1,000 clicks =10% conversion to leads =$50/lead
100 emails
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
16. 12
$5,000 spent
=$5/click
1,000 clicks
1,000 clicks =10% conversion to leads =$50/lead
100 emails
100 emails =5% conversion to sales =$1,000/sale
5 purchases
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
17. 12
$5,000 spent
=$5/click
1,000 clicks
1,000 clicks =10% conversion to leads =$50/lead
100 emails
100 emails =5% conversion to sales =$1,000/sale
5 purchases
ROI= $1,000/sale
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
18. 13
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
19. 13
Hope is not a strategy.
Rick Page
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
20. 14
Why Social Media?
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
21. 15 A (somewhat incomplete) Timeline of Social Media
not to scale
USENET
1979 listserv Napster flickr
1986 1999 2004
pneumatic post
1865
SecondLife
2003
postal service
Persia, 550BC
The Palace
radio ARPANET Wikipedia
1994 twitter
1891 1969 2001
The WELL Facebook 2006
1985 Friendster 2003
2002
@ MySpace YouTube
email
Third Voice 2003 2005
1966 BBS IRC 1999
1978 1988
telephone
del.icio.us
~1890
2003
telegraph
France, 1792 MUD1
Blogger
1978
1999
CompuServe MoveOn
1969 1998 digg
epinions 2004
1999
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
22. 16
Why?
๏ Where’s your audience?
๏ Do you want to build stronger relationships?
๏ Do you just want to be on the bandwagon?
๏ Do we fill a niche that’s not filled anywhere else?
๏ Do you do something better?
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
23. 17
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
24. 18
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
25. 19
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
26. 20
What kind of social media will best help
you achieve your goals?
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
27. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
28. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
29. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
30. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
31. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
32. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
33. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
34. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
35. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
36. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
37. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
38. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
39. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
40. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
41. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
42. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
43. 21
Uses of Social Media
Person-to-Person Relationships
๏ Networking Organizing
๏ Publishing Sharing Experiences
Discussions
๏ News Gathering & Distributing Information
๏ Collaboration Creating “Buzz”
Communicating Experience
๏ Media Sharing Collaborating on Projects
๏ Reviews/Opinions/ Influencing Choices
Directories Providing Guidance
Fostering Common Interests
๏ Organizing Raising Awareness
๏ Virtual Worlds Raising Money
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
44. Are you prepared to give up control of your
22
brand...even a little bit?
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
45. 23
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
46. 24
brand
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
47. 24
Company brand Customers
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
48. 25
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
49. 25
Brands are collaborations.
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
50. 26
How do you plan to get people to visit?
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
51. 27
Not very likely
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
52. 28
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
53. 29
Who is going to be responsible for
maintaining your social media presence?
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
54. 30
Roadkill painting syndrome
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
55. 31
Tips on staffing
๏ Make it part of the job description
๏ Provide clear evaluation criteria
๏ Expect autonomy
๏ Recognize the new workload
๏ Integrate with communications: it’s not a technical position
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
56. 32
Do you have the resources?
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
57. 33
Costs
๏ Content creation on a regular basis
๏ Setting up site
๏ Monitoring
๏ Reporting
๏ Opportunity cost
๏ Production
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
58. 34
How does social media fit into a larger
marketing/communications strategy?
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
59. 35
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com
60. 36
225 e. redwood street baltimore, md 21202 410.837.5555 www.idfive.com