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1 How to Perfect Social Media (Free Version) February 2, 2011 Joe Chernov Director of Content Marketing Eloqua

How to Perfect Social Media

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This was a presentation Eloqua's Director of Content, Joe Chernov, gave at the MediaPost Social Media Insiders Summit (#MBSMIS) in Miami. It’s a playful look at how we can perfect social media from both a user’s POV and a brand’s POV. For users, the central theme is aesthetics/design. For brands it’s data – that is, data that learns and analytics that plug into business objectives.

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How to Perfect Social Media(Free Version)

February 2, 2011Joe ChernovDirector of Content MarketingEloqua

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Would “Perfect” Man Give Clues for Perfect Social Network?

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Google Answer: Brad Pitt

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Turns Out …

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Would “Perfect” Woman Give Clues for Perfect Social Network?

Google Answer: Angelina Jolie

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Turns Out …

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No Perfect People; No Perfect Formula

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Social Media Has A Packaging Problem

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Everything Has Been Aestheticized

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This ...

Everything Has Been Aestheticized

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... has become this

Everything Has Been Aestheticized

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This ...

Everything Has Been Aestheticized

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... has become this

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Social Media Aesthetics #Fail

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What We Need

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Amplification

Applefication

Perfect by Repackaging

1. Simplify: Layer a lightweight “skin” on top of all networks to simplify/universalize experience

2. Empower: Let members determine feeds, taxonomy, terminology, groups/networks to pull content from

3. Expedite: Create “80/20” privacy controls: − 80%: Offer “privacy bundles” for different

member personas (“Open Kimono,” “Secret Boomer,” etc.)

− 20%: Let members fine-tune

What About Brands?

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Two Needs

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“Learning” data

Objective-based Packages

“Learning”: iPhoto Faces, But For Data

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Translation: We’re Trying to Boil the Ocean

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“CMOs have trouble tying social to conversion and sales metrics, determining the right metrics

and how to track them, getting CEO buy-in on metrics, finding the resources to focus on measurement,

and implementing such measurements globally.”

Bazaarvoice 2011 CMO Survey

Objective-based Social Analytics

• Awareness Package• Objectives: Launching a product/category/market• Metrics: Views, fans, clicks, tweets, etc.

Affinity PackageObjectives: Overcoming a crisis, models for which retention more valuable than acquisitionMetrics: NPS, sentiment, “Likes,” referrals

Product Development PackageObjective: Collect feedback for future product/serviceMetrics: Reviews, suggestions, QA value, etc.

Revenue PackageObjectives: Satisfy CEOMetrics: Attribution, influence, margin, etc.

Stay in Touch

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Joe ChernovEloqua

@jchernovabout.me/jchernov