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Social Media Marketing Strategy: Building Your Brand Alex Lawrence, Weber State University Twitter: @_AlexLawrence (underscore before my name) LinkedIn: /AlexOnLinkedIn Facebook: /AlexLawrence Blog: StartupFlavor.com Instagram: /AlexLawrence

Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

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Page 1: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

Social Media Marketing Strategy: Building Your Brand

Alex Lawrence, Weber State University

Twitter: @_AlexLawrence (underscore before my name)

LinkedIn: /AlexOnLinkedIn

Facebook: /AlexLawrence

Blog: StartupFlavor.com

Instagram: /AlexLawrence

Page 2: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

Street Cred

73,000+ Twitter Followers (Verified Account)

5,000+ Facebook & 10,000+ Subscribers (public account)

50,000+ Blog Readers/Subscribers (fairly inactive)

3,000+ LinkedIn Connections

5,000+ FourSquare Check Ins

1,000+ mobile apps downloaded

Average 1,300+ clicks per link and 100K+ views per post

Weekly KSL Tech Correspondent – Tuesdays at 12:35pm

Page 3: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

50M Users Put In Perspective

Facebook

iPod

Internet

Radio

0 2 4 6 8 10 12 14

Years

Page 4: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

Twitter Stats

1B registered users (7 years old)

Adding 500,000 per day

255 million active users per month

100 million active user per day

150 million tweets per day

1 billion tweets per week

Largest VC raise in history = $800M

Page 5: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

Facebook Stats

1.28 Billion active users

757 million log on once per day

Average user has 130 friends

750 million active mobile users per month (54% increase from 2013)

70% of Facebook users are outside of the United States

Page 6: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

Instagram Stats

7 million users & 150 million photos uploaded in first 9 months

Took Flickr 2 years to get to 100 million photos

Only on iOS during this time

4 employees for the first year+

Acquired by Facebook for $1B, now considered a steal!

Just crossed 100 million monthly active users

Page 7: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

Mobile Market Stats

Average teen sends 1500 texts per month

76% of all phone subscribers use texting

Over 500,000 iPhone apps, 37% are free

1.08 Billion have smartphones worldwide now

Mobile usage should takeover desktop by end of 2014

½ of all searches are done on a mobile device

Americans spend 2.7 HOURS per day socializing on mobile

Twice the amount of time they spend eating!

Page 8: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

27% of Time Spent Online = Social

Twitter, Facebook and Instagram: Most active users are women age 35 - 54

27% of all users check status and post updates 10+ times per day

40% of all users post updates while driving

30% of all users update networks while on dates

64% of all users post updates while at work

Page 9: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

Advertising $ Follow Eyeballs

1995 2013

Global Internet Ad Revenue

$55MM $125B

Ad Revenue Per User $9 $100+

Global Internet Users

6MM 2.4B

Page 10: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

SO WHAT DO I DO?

Be yourself

The billboard test

Customers talk to each other online – a lot

It’s not a commercial!

Real photos, custom backgrounds, detailed info

Research the networks, commit to two

Don’t give the keys to you/your brand to someone else

Page 11: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

An Example Of What To Do

The Red Dress – Brick and Mortar Clothing Boutique

Opened a retail store that did okay, then a second (which failed)

Moved online and focused on social networks (FB, Pinterest, IG)

$63K to $7M in sales since 2010. Online is 93% of business.

Married, pregnant with kids, husband in law school during all of this

Not a commercial: inspiring quotes, images of her with children, personal home décor

Hand-written thank you notes, surprise free orders

Hard work, research, daily effort and creativity = GROWTH

Page 12: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

Activity Equals Influence

Either in or out

Customers recognize insincerity

Listen and Engage

Time – no quick fix, no quick results

SEO value from social Rankings Clicks Customers

Encourage employees to be social, don’t block it!

Page 13: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

Suggestions and Tools

Use analytics to find best times and what content is responded to (buffer is simple and cheap)

**Connect other networks (Twitter to LinkedIn, etc.)

Be sure to reply to people where they replied to you

Use a mobile application to share “live” updates

Setup keyword searches and join conversations

Photos work really well

Page 14: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

Suggestions and Tools

Tweetdeck

NutshellMail – keeps you in your email box

Google+ (Google the search engine likes it)

Stumbleupon.com – great for content discovery

Mobile apps for Facebook, Twitter, Instagram and Buffer

Page 15: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

Open Q & A

Let’s Talk About You What networks? How often should you post? How do you find and curate content? Photos work, of what? Where? One entry point connected to multiple exit points (buffer) Consistency is key Authenticity is also key Other questions or comments

Page 16: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

Takeaways

Social media is not a toy for kids

It is not a fad

If you aren’t actively engaged now, you are behind

Employers, partners, investors and customers are there

The great equalizer – small business can compete with large

You will likely need to understand social and be good at it in order to survive

Page 17: Utah Entrepreneur Summit - Davis Conference Center - May 14, 2014

THANKS!

Contact Info Twitter: @_AlexLawrence (underscore before my name) Email: [email protected]