7 steps to social media roi - strategy not tactics

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Being strategic in social media Tactics aren’t strategy and do not deliver ROI

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Only 25% of managers say they have gained real, tangible value from social media.Why? Not because it can't deliver but because without a strategy, grounded in solid research, tactics will not deliver a ROI. So many companies experiment without a clear objective strategy and are then confused why they can't see value. Generally 1/4 projects are doomed to fail. If you don't invest in getting your strategy right the risk is you are 3/4 likely to waste your resource.Don't cheap out on good strategy.

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Page 1: 7 Steps to Social Media ROI - Strategy not tactics

Being strategic in social media Tactics aren’t strategy and do not deliver ROI

Page 2: 7 Steps to Social Media ROI - Strategy not tactics

Look new tools!Everybody is very excited about social media

Page 3: 7 Steps to Social Media ROI - Strategy not tactics

But.. what to do with it?Only 25% of managers say that they gained “real, tangible value” from social media*

*Social Network Outlook 2010 eMarketer

Page 4: 7 Steps to Social Media ROI - Strategy not tactics

Because most just experiment!An increasing amount of effort, time and money is spent in social media

Page 5: 7 Steps to Social Media ROI - Strategy not tactics

Leading to wasted energy and resourcesWithout a clear goal it’s unlikely you will stumble on real value

Page 6: 7 Steps to Social Media ROI - Strategy not tactics

People confuse tactics with strategyTactics are only to help you deliver a strategy

TACTICS ARE NOT A STRATEGY

Page 7: 7 Steps to Social Media ROI - Strategy not tactics

7 Steps to success in social media Without them you are just bashing rocks around

1. What do you want to achieve & why?2. What’s the best way to achieve those goals? Is

social one of them?3. Frame the strategy4. Check it answers your goals5. Now think about the best tools6. Then plan tactics7. Post event: Share learnings

Page 8: 7 Steps to Social Media ROI - Strategy not tactics

1. What do you want to achieve & why?You should only use social media if it is aligned to your existing or new goals

= =CAVEMAN CONGA!!

= =

Page 9: 7 Steps to Social Media ROI - Strategy not tactics

2. What’s the best way to achieve those goals?You must know the landscape. Do your research. Build strategy from facts.

Page 10: 7 Steps to Social Media ROI - Strategy not tactics

3. Frame the strategyKnow you objectives and how success can be measured

Page 11: 7 Steps to Social Media ROI - Strategy not tactics

4. Check it answers your goalsDoes the strategy meet my needs?

Page 12: 7 Steps to Social Media ROI - Strategy not tactics

5. Now think about the best toolsIs social media one of them? If so which platform is most effective?

Page 13: 7 Steps to Social Media ROI - Strategy not tactics

6. Only then plan tacticsMake a plan and stick to it but be prepared for the unexpected

Page 14: 7 Steps to Social Media ROI - Strategy not tactics

7. Post event: Share learning'sSocial media is new. We are all learning the rules… together. So share!

Page 15: 7 Steps to Social Media ROI - Strategy not tactics

Remember! What are you trying to achieve? What is the Strategy?

Why do I want Fans & followers?

What will I do with them once I have

them?

How do they bring me a value?

How can I measure this value?

Page 16: 7 Steps to Social Media ROI - Strategy not tactics

About MeA passionate advocate of social media and ‘Open Business’

Jamie BurkeCEO 90:10 Group LtdTwitter: Jamie247Email: [email protected]