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Social Media for Business
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Financial Managers AssociationJanuary 11, 2011
Social Media: Fundamental or Frivolous?David Cutler - Creative Business Development
Jeff Cutler - Social Media JournalistEvan Zall - Ebben Zall Group
www.FMANH.org
See this at www.EatMedia.com
3
Inspiration From Information … ROI?Return On Investment
Risk Of Inactivity
3 Forms of Media:OwnBuyEarn
2 Reasons to Participate:OpportunityObligation
1 Most Important:Content
YOU
The FMA Community
OLD MARKETING
PRODUCT
PACKAGING
DISTRIBUTION
CRM
ADVERTISING
CONSUMER
NEW MARKETING
PRODUCT
PACKAGING
DISTRIBUTION
ADVERTISING
CONSUMER
CRM
Four Ps Four Es
ProductPlacePrice
Promotion
Experience Everyplace Exchange Evangelism
The Right Tools and Platforms
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500 million users - Personal, Global50% daily | 25 Billion pieces of content shared monthly (web links, news stories, blog posts, notes, photo albums, “Messaging”, more.)
70 million members - Biz Brand/Updating150 industries | 200 countries | New member every second
55 million daily tweets - Live pointers 300,000 sign up daily | 180 million unique monthly visitors
2 billion viewed daily - Easy Everything24 hrs worth of video uploaded every minute
SoMe Numbers
Online media consumption throughout the buying process
Investment of one person @ ½ hr day = ($15k/yr)
ROI = $100,000 annual billings
Investment of one person @ ½ hr day = ($15k/yr)
ROI = $50,000 annual billings
Follow us
@mfacpa
It’s about the Story You Tell
The Five Cs … Control
Fresh Ground, Inc.Fresh Ground, Inc.
Content Community Conversation Conversion
Old NewspaperFlickr image uploaded by ShironenoEuro[busy]Shared under Creative CommonsAttribution 2.0 GenericLicense
The Crowd KissFlickr image uploaded by hipposrunsuperfast.comShared under Creative CommonsAttribution 2.0 GenericLicense
Conversation, NYC, 1970Flickr image uploaded by eye2eyeShared under Creative CommonsAttribution-NoDerivs 2.0 GenericLicense
Pele SorgFlickr image uploaded by CJ SorgShared under Creative CommonsAttribution-ShareAlike 2.0 GenericLicense
Low Cost + High Creativity
Inbound Marketing
The more things change…
Social media, traditional media, old, new, yet to be: the song remains the same– Inspire trust with expertise
Maximize the value of your – and your company’s – knowledge
Establish yourself as information focal point
Thoughtprovokes discussion
Discussion inspires
community
Community generates business
One to many, many to one
More channels, more conversation, more opportunity
Traditional (“outbound”) vehicles– Media relationships, published articles, white papers
Social media (“two-way”) vehicles– Blogs, Twitter, LinkedIn, Facebook, industry-specific
groups and platforms
Don’t be a stranger
Guarantee: the conversation continues with or without you– Your clients and customers
– Your vendors
– Your peers
– Your referral sources
– Your competitors
Challenge: Come to terms with the difference between contributing and controlling the dialogue
Your ears are ringing
Is it safe? Well…no.
The Wikileaks Domain Vendor Saga of 2010: easyDNS v. everyDNS– Unwilling bystander swept into negative controversy
– Dozens of inaccurate blog posts and tweets
I'm not sure who the Pulitzer candidate was who started it, but somebody wrote that Wikileaks had been taken down by us, easyDNS...Not only did people mindlessly hit the "retweet" button and
perpetuate bad information: some took the time [to] post comments about our "cowardice.”
− Mark Jeftovic, President, easyDNS
Into the fray
All online channels put to work– Point to point contact, blog posts, Twitter, Facebook
The best case scenario of social media strategy– Brand, corporate personality gain international exposure
– Support base becomes vocal
– A new customer is gained
There is great risk in social media,BUT
not playing doesn’t keep you out of the game, and having a voice has never been more important
Evolve…
Dave Armano+
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SOCIAL MEDIA… Communication & Collaboration
B2C – Cool & Control Shift B2B – Complex Info Sharing P2P – Person to Person
Your Prospects and Influencers Are ALREADY Talking About You and Your World
Listen, Learn, Join, and Encourage Conversations
Tell Your Real Story - Create Content They Want - “Inbound Marketing”
Social Media Workshop Overview
Three 2 Hour Sessions Each starts with a live update of the latest opportunities on the Web. Then a
hands-on look at how these effect your specific business.
Session 1 - Social Media Tools – 5 to start with:Google, LinkedIn, Facebook, Twitter, YouTube
Session 2 - Search Engine marketing – 5 Ways To Get Found:Paid, Organic, Display Ads, Referrals, Direct Linking
Session 3 – Analyzing The Data – 5 Forms of Data and What To Do: Activity, Operational, Outcome, KPIs, Predictive
Half Price FMA Discount
Social Media: Fundamental or Frivolous?David Cutler - Creative Business Development
Jeff Cutler - Social Media JournalistEvan Zall - Ebben Zall Group
See this at www.EatMedia.com
Thank You!