Social Media  for  Business
Introduction
What is social media?
Why social media for business?
How to get started with social media
Picking the right tools
The No’s in social media, mistakes to avoid
Interactive session – Q&As Session Agenda
What is social media?
History of social media Internet World Wide Web Web 1.0
History of social media
History of social media Internet World Wide Web Web 2.0 Social Media
“ Social media  is media designed to be disseminated through social interaction, created using highly accessible and scalable publishing techniques”
“ Media that is created  to be shared freely, globally”
In the past people met, gathered to share their passions and collaborate.
Gatherings, conferences, meetings.
Social Media is an extension of basic communication, not very different from what you do everyday.  You aren’t a stranger to social media
Why social media?
There are TV Ads, Magazines, Radio which can get you impact, quicker. So Why Social Media?
Can you afford NOT to?
“ We're entering an era of radical change for marketers. Faith in  advertising  and the institutions that pay for it is waning, while faith in individuals is on the rise.  Peers trust peers ”  - Chris Anderson, The Long Tail
87% trust a friend’s recommendation over critics review - Marketing Sherpa
3 times more likely to trust peer opinions over advertisement for purchasing decision - Jupiter Research
1 word of mouth recommendation has impact of 100 TV ads! - bzzagent.com
Aspects of social media
Social Media vs Traditional Marketing Social Media Traditional Media/Marketing Message Message Unbiased Feedback Insights Engagement Conversations Message
Traditional marketing BUYS coverage Social Media  EARNS  coverage and more
Gives you the ability to tune in to your customers and learn what they think of a product of service. More powerful than handing out surveys.
One message BEFORE social media
One message AFTER social media
Your  competition  is on social media!
Statistics don’t lie Twitter,  another new entrant  has displaced MSN! The Internet world is now dominated by Social Media websites!
How to get started
Don’t focus too much on the tools.
Important to have a robust social media strategy for your business. Plan well Total campaign time 1. 2. Research, listen, observe Tactics, tools
7  ways your business could be using Social Media
Public Relations Social media platforms present a completely new opportunity to instantly deliver messages to millions of people. The impact on public relations is simply ground shaking.
Customer Support Where traditionally customer support has been viewed as a cost center, smart brands are starting to use social networks to help offload their support costs on to a community of super users.
Market Research Having access to tens of millions of consumers who are openly talking about their rational and emotional needs is a newly discovered goldmine for market research.
New Product Development Some companies have started to leverage a public pool of collective brainpower to help their business identify innovative new market opportunities, and even assist with development of new product concepts.
Hiring & Recruitment Social media is a good and very cost effective source to recruit the right talent for your business.  Find referrals, references and recommendations.
Promotions Some of the most successful promotions have employed the power of the network itself to create a fan base that didn't exist prior to the promotion.
Sales This newly born ability to sell is starting to catch on and more and more retailers are beginning to reap the benefits of enhancing their curb appeal inside the social shopping mall.
Picking the right tools
Facebook is a social network that helps people communicate more efficiently with their friends, family and co-workers. Anyone can sign up for Facebook and interact with the people they know in a trusted environment.
Facebook is the 2nd most visited/trafficked website in the world.
More than 500 million active users
50% of our active users log on to Facebook in any given day
Average user has 130 friends
People spend over 700 billion minutes per month on Facebook
1,500,000  local businesses are active on Facebook Creating more than  5,300,000,000  fans!
Brand Fan Pages  A Facebook Page is a public profile that enables you to share your business and products with Facebook users.
Pages are similar to personal profiles and brands accumulate fans instead of friends.
Within pages you have the option of posting and collecting content, importing Twitter and blog feeds, collecting user reviews, and hosting discussions.  What can businesses do on Facebook?
 
Applications An application is a platform for developers which provides a framework to build tools which Facebook users can add to their profile.
Applications range from chat to games to mobile.  Connect/Share Facebook  Connect and Facebook Share are additions to your brand’s existing web site or blog which allow you to integrate their Facebook presence with other online media.
Facebook Connect is an open identifier which allows users to take their Facebook profile with them when they shop, comment, or browse on other web sites.  What can businesses do on Facebook?
  Advertising   Facebook offers banner advertising which can target age, gender, location, relationship status and interest, or music and lifestyle interests. What can businesses do on Facebook?
Twitter is a microblogging service that enables its users to send and read messages known as tweets. Tweets are text-based posts of up to 140 characters and delivered to the author's subscribers who are known as followers. It is the simplest form of blog.  But in simplicity there is often great power.
More than 200 million registered users.
New users signing up at the rate of 300,000 per day.
190 million unique visitors come to the site every month.
Over 50 million “tweets” are sent in a day.
37% of active Twitter users use their phone to tweet.
Around 600 million search queries per day.
1 Good Tweet  is equivalent to  10,000 impressions ! You now have a virtual PR and marketing team that works for free
Branding, promotions.

Social Media