THE POWER OF SOCIAL MEDIA
Lin Humphrey, Ph.D.
LIN HUMPHREY
WHY SOCIAL MEDIA
SOCIAL MEDIA AS PART OF DIGITAL STRATEGY
Source: Gartner
WHY SOCIAL MEDIA
Source: Gartner
WHY SOCIAL MEDIA
SOCIAL MEDIA AS PART OF DIGITAL STRATEGY
Source: SAS
SOCIAL MEDIA IS A
CORE COMPONENT
OF THE CUSTOMER
JOURNEY
WHY SOCIAL MEDIA
WHY SOCIAL MEDIA
IS FACEBOOK STILL COOL?
Johnny Millenial
DISCUSSION QUESTION
WHY SOCIAL MEDIA
FACEBOOK STILL RULES
▸ It leads penetration of for
millennials
WHY SOCIAL MEDIA
FACEBOOK STILL RULES
▸ It leads penetration of for
millennials
▸ It leads amount of time
spent by millennials
WHY SOCIAL MEDIA
▸ It leads penetration of for
millennials
▸ It leads amount of time
spent by millennials
▸ But its sister property
beats it in engagement
FACEBOOK STILL RULES,
BUT ITS SIBLING ROCKS
Source: BrandWatch
WHY SOCIAL MEDIA
Source: Forrester
WHY SOCIAL MEDIA
▸ It leads penetration of for
millennials
▸ It leads amount of time
spent by millennials
▸ But its sister property
beats it in engagement
▸ And smart marketers
have to watch emerging
platforms
COMPETITORS
ARE EMERGING
WHY SOCIAL MEDIA
▸ It leads penetration of for
millennials
▸ It leads amount of time
spent by millennials
▸ But its sister property
beats it in engagement
▸ And smart marketers
have to watch emerging
platforms
▸ And the graveyard
AND THE GRAVEYARD
GROWS
WHY SOCIAL MEDIA
SOCIAL CUSTOMER SERVICE
SOCIAL CUSTOMER SERVICE
SOCIAL CUSTOMER SERVICE
SOCIAL CUSTOMER SERVICE
SOCIAL CUSTOMER SERVICE - (& PR)
INFLUENCERS & INFLUENCE MEASUREMENT
Which do consumers trust most?
A. Brands
B. Celebrities
C. Strangers
Discussion Point
RATINGS & REVIEWS
Daboll, P. (2011, January). Ad Age.
Which do consumers trust most?
A. Brands
B. Celebrities
C. Strangers
Discussion Point
RATINGS & REVIEWS
Daboll, P. (2011, January). Ad Age.
👍
INFLUENCE MEASUREMENT & INFLUENCER MARKETING
http://www.adweek.com/socialtimes/why-influencer-marketing-is-the-new-content-king-infographic/618187
INFLUENCE MEASUREMENT & INFLUENCER MARKETING
🚫
TheShelf.com
▸ Errors - the influencer makes a
dumb mistake
▸ Omissions - the influencer does
not disclose adequately they are
paid.
INFLUENCE MEASUREMENT & INFLUENCER MARKETING
$1.3 million/year*
💰💰💰💰
INFLUENCE MEASUREMENT & INFLUENCER MARKETING
INFLUENCE MEASUREMENT & INFLUENCER MARKETING
▸ Influence measurement
▸ Identifies influencers for
product trial
▸ Delineates strong voices for
customer service escalation
▸ Can supplement lifetime customer
value as a metric of customer
prioritization
▸ Metrics today are flawed, so
opportunities exist.
INFLUENCE MEASUREMENT & INFLUENCER MARKETING
▸ 120 free flights + 140
party participants = 7.4
million impressions!
👀❗️❗️❗️
▸ Betabrand
▸ Drives word of mouth
through encouraging
selfies
▸ Enjoys phenomenal
re-purchase and word
of mouth rates.
INFLUENCE MEASUREMENT & INFLUENCER MARKETING
▸ Betabrand
▸ Drives word of mouth
through encouraging
selfies
▸ Enjoys phenomenal
re-purchase and word
of mouth rates.
INFLUENCE MEASUREMENT & INFLUENCER MARKETING
LOCATION & LOCATION ANALYTICS
▸ Location Services are here to stay
LOCATION
LOCATION
▸ Foursquare/Swarm engages users with gamification and rewards
▸ Foursquare/Swarm Drives crowdsources location reviews & tips
LOCATION
▸ Foursquare/Swarm creates and licenses a rich repository of location data
LOCATION
▸ Foursquare/Swarm predict economic events based on virtual foot
traffic
LOCATION
▸ Location Services are here to stay
LOCATION
▸ Location Services help with predictive analytics
LOCATION
BECOME A SOCIAL MEDIA NINJA
▸ Think of customer journeys and micromoments, not
the traditional funnel (strategy matters)
▸ Have a solid bookshelf
▸ Subscribe to top thought leaders (email and Twitter)
▸ Seek good solid career advice from industry leaders
BECOME A SOCIAL NINJA
THINK BIG WITH AN IMC & CUSTOMER JOURNEY PERSPECTIVE
Source: Kate Sukpisan
▸ How to build a career and manage a personal brand via social media
▸ Former DKNY SVP of Communications Aliza Licht
▸ The power of marketing using advertising from social media platforms
and display/search advertising.
▸ Written by top execs from cutting edge data/analytics agency Merkle.
▸ Simple explanation of the capabilities in analytics most marketers do
not fully exploit.
▸ Written by top execs from cutting edge data/analytics agency Merkle.
▸ Concise explanation of how firms can manage customer relationships
and customer journeys through a holistic data program using internal
and aggregated data sources
▸ Written by CEO from cutting edge data/analytics agency Merkle.
LIN’S MUST SUBSCRIBE EMAILS, BLOGS, TWITTER ACCTS
DIGITAL EXECUTIVEADVICE ON SKILLS TO DEVELOP
Eric Williamson
SVP Social & Digital
Mullen Lowe
“Spend time as a community manager (internship) + learn the fundamentals of marketing strategy
(especially comms strategy basics) + learn how paid media/ paid social works.
As part of the media & strategy fundamentals make sure you learn how to look at data (performance
data, audience behavior, etc) to find insights. You don't need to be an analyst but you need to know
how to identify insights and ask the right questions.
[Also] learn paid social -- different game. How it works, the options out there per platform, which
ones to use for which KPI (reach, engagement, traffic), how to target audiences.”
Mike Cearley
SVP/Sr. Partner, Social
Fleishman-Hillard
“
“you'll never figure it out. That's the great thing about the work we do in the world we live in -
it's constantly changing so 'figuring it out' is all about your belief in principles, regardless of
technology - mine are the unrelenting focus on relationships and storytelling.”
“
“When considering recommending a social media strategy along with a digital marketing
strategy, it is important to considerthe brand and its commitment to effective social media.
Questions to ask are, is the brand willing/capable to provide the necessary infrastructure to
support effective social media? Does social have an effective "play" with the brand and how
will you measure the ROI?”
Kathleen Burr
SVP/Client Partner
Rockfish Interactive
BE PREPARED FOR THE UNEXPECTED.
LEARN EVERYTHING YOU CAN & KEEP LEARNING.
Strategy
Paid
Platforms
Community
Mgmt
Influencer
Marketing
Emerging
Technology
& Platforms
Digital
Transformation
QUESTIONS? COMMENTS? TWEET ME!
Lin Humphrey, Ph.D.
@LinHumphrey

Power of social media

  • 1.
    THE POWER OFSOCIAL MEDIA Lin Humphrey, Ph.D.
  • 2.
  • 9.
  • 10.
    SOCIAL MEDIA ASPART OF DIGITAL STRATEGY Source: Gartner WHY SOCIAL MEDIA
  • 11.
    Source: Gartner WHY SOCIALMEDIA SOCIAL MEDIA AS PART OF DIGITAL STRATEGY
  • 12.
    Source: SAS SOCIAL MEDIAIS A CORE COMPONENT OF THE CUSTOMER JOURNEY WHY SOCIAL MEDIA
  • 13.
  • 14.
    IS FACEBOOK STILLCOOL? Johnny Millenial DISCUSSION QUESTION WHY SOCIAL MEDIA
  • 15.
    FACEBOOK STILL RULES ▸It leads penetration of for millennials WHY SOCIAL MEDIA
  • 16.
    FACEBOOK STILL RULES ▸It leads penetration of for millennials ▸ It leads amount of time spent by millennials WHY SOCIAL MEDIA
  • 17.
    ▸ It leadspenetration of for millennials ▸ It leads amount of time spent by millennials ▸ But its sister property beats it in engagement FACEBOOK STILL RULES, BUT ITS SIBLING ROCKS Source: BrandWatch WHY SOCIAL MEDIA
  • 18.
  • 19.
    ▸ It leadspenetration of for millennials ▸ It leads amount of time spent by millennials ▸ But its sister property beats it in engagement ▸ And smart marketers have to watch emerging platforms COMPETITORS ARE EMERGING WHY SOCIAL MEDIA
  • 20.
    ▸ It leadspenetration of for millennials ▸ It leads amount of time spent by millennials ▸ But its sister property beats it in engagement ▸ And smart marketers have to watch emerging platforms ▸ And the graveyard AND THE GRAVEYARD GROWS WHY SOCIAL MEDIA
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
    Which do consumerstrust most? A. Brands B. Celebrities C. Strangers Discussion Point RATINGS & REVIEWS Daboll, P. (2011, January). Ad Age.
  • 28.
    Which do consumerstrust most? A. Brands B. Celebrities C. Strangers Discussion Point RATINGS & REVIEWS Daboll, P. (2011, January). Ad Age. 👍
  • 29.
    INFLUENCE MEASUREMENT &INFLUENCER MARKETING http://www.adweek.com/socialtimes/why-influencer-marketing-is-the-new-content-king-infographic/618187
  • 30.
    INFLUENCE MEASUREMENT &INFLUENCER MARKETING 🚫 TheShelf.com ▸ Errors - the influencer makes a dumb mistake ▸ Omissions - the influencer does not disclose adequately they are paid.
  • 31.
    INFLUENCE MEASUREMENT &INFLUENCER MARKETING $1.3 million/year* 💰💰💰💰
  • 32.
    INFLUENCE MEASUREMENT &INFLUENCER MARKETING
  • 33.
    INFLUENCE MEASUREMENT &INFLUENCER MARKETING ▸ Influence measurement ▸ Identifies influencers for product trial ▸ Delineates strong voices for customer service escalation ▸ Can supplement lifetime customer value as a metric of customer prioritization ▸ Metrics today are flawed, so opportunities exist.
  • 34.
    INFLUENCE MEASUREMENT &INFLUENCER MARKETING ▸ 120 free flights + 140 party participants = 7.4 million impressions! 👀❗️❗️❗️
  • 35.
    ▸ Betabrand ▸ Drivesword of mouth through encouraging selfies ▸ Enjoys phenomenal re-purchase and word of mouth rates. INFLUENCE MEASUREMENT & INFLUENCER MARKETING
  • 36.
    ▸ Betabrand ▸ Drivesword of mouth through encouraging selfies ▸ Enjoys phenomenal re-purchase and word of mouth rates. INFLUENCE MEASUREMENT & INFLUENCER MARKETING
  • 37.
  • 38.
    ▸ Location Servicesare here to stay LOCATION
  • 39.
    LOCATION ▸ Foursquare/Swarm engagesusers with gamification and rewards
  • 40.
    ▸ Foursquare/Swarm Drivescrowdsources location reviews & tips LOCATION
  • 41.
    ▸ Foursquare/Swarm createsand licenses a rich repository of location data LOCATION
  • 42.
    ▸ Foursquare/Swarm predicteconomic events based on virtual foot traffic LOCATION
  • 43.
    ▸ Location Servicesare here to stay LOCATION
  • 44.
    ▸ Location Serviceshelp with predictive analytics LOCATION
  • 45.
    BECOME A SOCIALMEDIA NINJA
  • 46.
    ▸ Think ofcustomer journeys and micromoments, not the traditional funnel (strategy matters) ▸ Have a solid bookshelf ▸ Subscribe to top thought leaders (email and Twitter) ▸ Seek good solid career advice from industry leaders BECOME A SOCIAL NINJA
  • 47.
    THINK BIG WITHAN IMC & CUSTOMER JOURNEY PERSPECTIVE Source: Kate Sukpisan
  • 48.
    ▸ How tobuild a career and manage a personal brand via social media ▸ Former DKNY SVP of Communications Aliza Licht
  • 49.
    ▸ The powerof marketing using advertising from social media platforms and display/search advertising. ▸ Written by top execs from cutting edge data/analytics agency Merkle.
  • 50.
    ▸ Simple explanationof the capabilities in analytics most marketers do not fully exploit. ▸ Written by top execs from cutting edge data/analytics agency Merkle.
  • 51.
    ▸ Concise explanationof how firms can manage customer relationships and customer journeys through a holistic data program using internal and aggregated data sources ▸ Written by CEO from cutting edge data/analytics agency Merkle.
  • 52.
    LIN’S MUST SUBSCRIBEEMAILS, BLOGS, TWITTER ACCTS
  • 53.
    DIGITAL EXECUTIVEADVICE ONSKILLS TO DEVELOP Eric Williamson SVP Social & Digital Mullen Lowe “Spend time as a community manager (internship) + learn the fundamentals of marketing strategy (especially comms strategy basics) + learn how paid media/ paid social works. As part of the media & strategy fundamentals make sure you learn how to look at data (performance data, audience behavior, etc) to find insights. You don't need to be an analyst but you need to know how to identify insights and ask the right questions. [Also] learn paid social -- different game. How it works, the options out there per platform, which ones to use for which KPI (reach, engagement, traffic), how to target audiences.” Mike Cearley SVP/Sr. Partner, Social Fleishman-Hillard “ “you'll never figure it out. That's the great thing about the work we do in the world we live in - it's constantly changing so 'figuring it out' is all about your belief in principles, regardless of technology - mine are the unrelenting focus on relationships and storytelling.” “ “When considering recommending a social media strategy along with a digital marketing strategy, it is important to considerthe brand and its commitment to effective social media. Questions to ask are, is the brand willing/capable to provide the necessary infrastructure to support effective social media? Does social have an effective "play" with the brand and how will you measure the ROI?” Kathleen Burr SVP/Client Partner Rockfish Interactive
  • 54.
    BE PREPARED FORTHE UNEXPECTED. LEARN EVERYTHING YOU CAN & KEEP LEARNING. Strategy Paid Platforms Community Mgmt Influencer Marketing Emerging Technology & Platforms Digital Transformation
  • 55.
    QUESTIONS? COMMENTS? TWEETME! Lin Humphrey, Ph.D. @LinHumphrey