how social media leads to sales: bob pearson, internet retailer conference, june 10 2010
DESCRIPTION
Bob Pearson's presentation "How Social Media Leads to Sales" from the 2010 Internet Retailer ConferenceTRANSCRIPT
Contents are proprietary and confidential.
Internet Retailer ConferenceHow Going Social Leads to SalesJune 10, 2010
Contents are proprietary and confidential.
The Cousin of the 4 P’s
#1 – The 4 A’s: A Customer-Driven Model
Contents are proprietary and confidential.
AAA A
ACTIONAWARENESS
ASSESSMENT AMBASSADOR
Avoid the old model…the Caveman Model
#2 – Customers like to do three things online more than any other action
• Share Ideas – Let’s improve the next product or service together
• Share Product Knowledge – Here is what I know…hope it helps you
• Help Peers With Problems – I had the same problem, here is what I did
Contents are proprietary and confidential.
Ideas—Knowledge—Solutions
Contents are proprietary and confidential.
Market Research to New Products & Services
Contents are proprietary and confidential.
Who are they and do you know them personally?
#3 – <50 people drive share of conversation for the largest brands in the world
Individual Reach
Individual Relevance
OutletPresence
OutletSyndication
OutletRelevance
27 Total Metrics
Outlet ScoreIndividual Score
Influence
Contents are proprietary and confidential.
#4 – Your website is just the beginning……Share your content, piece by piece, with 30x as many people
Introduce your story over time to your customers
Build your own content syndication network
Contents are proprietary and confidential.
Top Ten online influence areas Influence Areas Trend Relevance
AudioFavorite of sales force, customers on the go
Podcasts of all types, plus audio tracks of video segments are an undefined area of online, yet have growing utility
Blogs>200MM; trend is to have multiple blogs, multiple languages
We should know the top influencers by topic who drive relevant share of voice. The numbers of influencers are small, precision is key.
Data / Slides 30MM uniques at SlideShare A great location to share all public presentations.
ForumsThe engine of conversations online; often patient driven
Knowing who is driving conversation in forums is key. We should treat high volume moderators with the same respect as we do with journalists.
ImagesIs all content tagged to impact natural search?
Companies often forget to tag all content in the 10 languages that reach 95% of the online population.
Micro BloggingAn effective way to alert influencers, help propel news cycles
A great opportunity to build a network of influencers who want to share your news in real time. Twitter is a prime example.
SearchYes, Google is #1, but YouTube is #2
We need to know the influencers on the first screen for our brand and key topics. We also need to understand where people are taken when they search.
Social NetworksThe communities that are often our “first place” to go online
Our day often starts and ends with Facebook or MySpace or Orkut or other depending where we live.
VideoConsumption habits are starting to favor video vs. copy
There are over 50 video sites to analyze, which sometimes house ratings and reviews of our products.
WikisFree online peer edited
online encyclopediaNearly every topic has a Wikipedia entry, which means it could be the first information a consumer finds about any topic they are seeking information about.
Contents are proprietary and confidential.
#5 – Search is the most strategic and underleveraged tool in your arsenal today
• what are the top 5 questions being asked today by your customers?
• what is the language of your customer?
• which topics have the highest volume/rank combination?
• how do you stack up vs. your competitors exactly?
We just assume Google has the right answers…
Contents are proprietary and confidential.
Key Sales Markets
Markets Generating Online Search Interest
Conduct a Revenue/Conversation Gap Analysis
Contents are proprietary and confidential.
#6 – Reach customers directly online in decision-making mode
• Four key steps
• Know the language used in decision-making
• Scrape the conversations occurring in real time
• Deliver them to a special folder based on type of conversation
• A stumbling block – answer a key question
• A ready buyer – offer content, coupon, other
• An advocate – provide them with info to share with others
• Outreach directly to the potential customer with a solution or to begin a conversation
• Tag the conversation so you can track where they go
Contents are proprietary and confidential.
#7 – The Current Customer Support Approach is a “Dinosaur Model”It is becoming extinct without the owner realizing it……
Contents are proprietary and confidential.
The future of customer support
• <10% of your customers will call or inquire to you each year
• Reaching 100% online improves support and leads to additional commerce
• Yahoo! Answers, Mahalo and other sites are premier place for Q&A
• YouTube is the 2nd largest search engine and a primary place for learning by topic
• Your customers want to participate in helping out
• Ex/Accepted Solutions – 15,000 in 8 months with an average of 350 views per solution
• Empower advocates, help the “sharers”, be present in search and integrate into peer influence
Contents are proprietary and confidential.
#8 – Why video is becoming the favorite place to learn
• 2005 – YouTube created by three former PayPal employees
• High growth of broadband and fiber access
• Bigger pipes, easier to view video
• Why video learning is so important
• Visual info can improve understanding of spoken words as much as sixfold (Baylor)
• The brain uses images to clarify ideas; interact with images to create engagement; and augment memory with persistent and evolving views (Ted, 09)
• A new prime time now exists – 9pm to 1am (local)
• Highest rate of video viewing around world
Contents are proprietary and confidential.
Top 5 Online Conversations
Content Gap Opportunity
Top 5 SearchTerms
Available Brand Content
#9 – The Content Gap Analysis Model (by topic)
Contents are proprietary and confidential.
#10 – Change how you measure ad campaigns
• #1 How did search habits change?
• #2 What recommendations are occurring?
• #3 How much sharing of content is occurring?
• #4 Are people signing up to continue receiving content?
• #5 Where is silence occurring and why?
• #6 When does the sensitivity to your promotion stop online once you halt the promotional activity?
Contents are proprietary and confidential.
Brand + Personality is a Winning Combination
Pathway to Success for a Fortune 100 Company in Twitter:
#1 in their industry.
Launch Twitter Feed to push Corporate
Headlines Only.
Broaden Tweet topics, begin including
hyperlinks to content.
Personalize the feed with a real company
employee at the helm.
Become a real member of the community by
beginning to @-Reply and Retweet
Contents are proprietary and confidential.
MESSAGE
EXPERIENCE
CONVERSATION
RELATIONSHIPS
AFFINITY&
TRUST
We Become Conversation Architects
Contents are proprietary and confidential.
blog.wcgworld.com@bobpearson1845