social media for schwab advisors

44
The views of third-party speakers and their materials distributed are their own and do not necessarily represent the views of Charles Schwab & Co., (“Schwab”). Third party speakers are not affiliated with Schwab. Schwab Institutional is a division of Schwab. ©Charles Schwab & Co., Inc. Member SIPC. Exploring The Social Networking and Media Landscape John Stone III Revenue Architects, LLC

Upload: john-stone

Post on 01-Nov-2014

2.853 views

Category:

Business


1 download

DESCRIPTION

 

TRANSCRIPT

Page 1: Social  Media for Schwab Advisors

The views of third-party speakers and their materials distributed are their own and do not necessarily represent the views of Charles Schwab & Co., (“Schwab”). Third party speakers are not affiliated with Schwab. Schwab Institutional is a division of Schwab. ©Charles Schwab & Co., Inc. Member SIPC.

Exploring The Social Networking and Media Landscape

John Stone III Revenue Architects, LLC

Page 2: Social  Media for Schwab Advisors

2

Today’s Discussion

What is the Social Media opportunity? Tools of the Trade

• Using Social Media to support your marketing efforts

Regulatory and Compliance Considerations

Page 3: Social  Media for Schwab Advisors

3

New Media: The Opportunity

Expand awareness: Social Media allows you to extend your online presence and increase awareness

Enhance your credibility: Within compliance constraints, you can take advantage of these newer “outposts” and engage audiences across the social web

Drive traffic your way: With social media presence, your own web site will benefit from inbound links and search engine page ranking

Convert opportunities: With a thoughtful plan and a consistent commitment to social media engagement, you can nurture prospects into new clients

Page 4: Social  Media for Schwab Advisors

4

Where is the Value?

Aware

Interested

Considering

Evaluating

Committed

Customer

Advocate

Developing initial perceptions…

1

.. Considering alternatives…

2

.. responding to relationship and dialog…

3

…becoming advocates for you.

4

Page 5: Social  Media for Schwab Advisors

5

Today's New Media Ecosystem

Social media represents the fastest growing segment of the Web

This growing phenomenon is creating a new generation of “brand influencers”

Every second 2 new blogs are created

1,500 new “Tweets” occur

1,157 videos are viewed on YouTube

Page 6: Social  Media for Schwab Advisors

An Architecture of Participation

User Generated Content

Users are publishers and consumers

Crowdsourcing

Folksonomy

Engagement

Page 7: Social  Media for Schwab Advisors

A New Model for Information

Information in Web 2.0 is more…

..dynamic..local

..atomic

..relevant

..mashable

..mobile

..sharable

Page 8: Social  Media for Schwab Advisors

The Principles Remain Unchanged

Relationships

Referrals

Human interaction

Authenticity

Communication

Intelligent Content

Conversations

Page 9: Social  Media for Schwab Advisors

Google…

…A Window to Audience Intention

Page 10: Social  Media for Schwab Advisors

Organic Search

Organic Search is Best• Free

• More traffic

• Smarter people

• Longer lasting

Organic Results75% Clicks

Vs. Paid Search

Page 11: Social  Media for Schwab Advisors

Organic Search =Authentic Visibility

Off Page = 75%

Social Mediasphere

Blogosphere

Directories

Partners

Press Releases

Answers, Forums, etc

On Page = 25%

Keywords

Relevance

Page Title, Tags

Meta Data

XML Site Map

Page 12: Social  Media for Schwab Advisors

12

The Long Tail – New Marketplace

“Financial Planner”

“Financial Planner for Verizon retiree”

Image from http://www.novelr.com

Page 13: Social  Media for Schwab Advisors

Tools of the Trade

Page 15: Social  Media for Schwab Advisors

15

Your Own Web Site

Branding and Design

Strong Content, Multi-media

Web 2.0 Features (Mobile, Sharable, RSS), Rich Internet Applications

User Generated Content

Interoperate/ Mashups

Landing Pages & Conversions

All roads lead here… be prepared to capture the opportunities

Page 16: Social  Media for Schwab Advisors

Web 2.0 & Social Bookmarking

Users to share links / bookmarks

Web 2.0 integration

Free marketing

Drive traffic back

Page 17: Social  Media for Schwab Advisors

What to publish?

Articles/ Blog Posts

Others’ Content

Podcasts, Videos

Photos

Presentations

eBooks

News Releases

Event Announcements

Page 18: Social  Media for Schwab Advisors

Email & eNewsletters

Email is still key to stay in front of your audience

Emphasize content and value

Consider Text vs. HTML

Tracking codes

Syndication RSS

Promotion (e.g. Events)

Opt-in & Conversion

Page 19: Social  Media for Schwab Advisors

19

SUBSCRIBEFeed Readers, Aggregators, Flash, Google Desktop, iTunes, etc…

RSS – Really Simple Syndication

Subscribe to a feed and automatically receive updates

Search-based feeds helps content find you

Subscriptions are free

RSS can be used for digital publishing and newsletters

Page 20: Social  Media for Schwab Advisors

20

Mobile

Extend your reach

WAP or Native Applications

Mashups (e.g. Location Aware)

Customer Service / Account Access

Page 21: Social  Media for Schwab Advisors

Wikis - Wikipedia

Collaborative authoring of content

User-edited content

17 million Wiki Pages

Content changes must by approved

Articles are cross-indexed

Page 22: Social  Media for Schwab Advisors

Blogs

A web site of posts published in reverse-chronological order

Brings more dynamic content to your audience

Wide range in quality

Can build presence in the mediasphere

Increase awareness

Page 23: Social  Media for Schwab Advisors

Blogger Impact Example

Jeff Jarvis coins phrase “Dell Hell” in his blog

Comments publicized by New York Times and Business Week

Dell responds by creating Direct 2 Dell blog

Page 24: Social  Media for Schwab Advisors

24

Blog Syndication

Align individual and corporate goals

Newsletter Syndication

RSS based

Compliance workflow is key

Page 25: Social  Media for Schwab Advisors

Social Networking…

Page 26: Social  Media for Schwab Advisors

Facebook

Presence, Sharing

Transparency- Identities – Home/ Work

Groups, Fans, Events

Increase Brand Awareness

Syndication (e.g. Tweets, Links)

Referrals

Page 27: Social  Media for Schwab Advisors

27

Facebook: Compelling Facts

250 million+ active users

120 million+ users log on each day

Two-thirds of users are out of college

Average user has 120 friends

Source: Facebook http://www.facebook.com/press/info.php?statistics

5 billion minutes on Facebook each day (worldwide)

30 million users update status at least once each day

8 million users become Fans of Pages each day

Fastest growing demographic is 35 years old and older

Page 28: Social  Media for Schwab Advisors

Twitter

Follow news, trends, brands, people, topics

A new social and political revolution

Listen, engage, service

An outpost to syndicate your content

Convert sales

Find experts

Page 29: Social  Media for Schwab Advisors

Twitter

Example - Find experts

Page 30: Social  Media for Schwab Advisors

LinkedIn

Average age: 41 years

Average salary: $110,000

45 million users

16 million worldwide monthly unique visitors

331 million page views in June 2009

Page 31: Social  Media for Schwab Advisors

LinkedIn – Key Value

Credible business referral Network

Professional outpost

Tool for content syndication

Long tail groups and communities

Keys include connections and credible content

Page 32: Social  Media for Schwab Advisors

Financial Advisors in My Network?

Do they have a credible resume?

Have people recommended them?

Have they published? What is their particular

expertise?

Page 33: Social  Media for Schwab Advisors

YouTube

Another storefront

Shareable, Relevance

24x7 Marketing

Credibility

Lead Generation

Syndication – to your site, others

Free – but requires commitment

Page 34: Social  Media for Schwab Advisors

Extend your Media Presence

Page 35: Social  Media for Schwab Advisors

Podcasts

Communication with subscribed listeners

Encourage sales & conversion rates

Support nurture program

Ability to offer richer content, greater loyalty

Differentiate

Appeal to long tail niche

Page 36: Social  Media for Schwab Advisors

36

Groups, Communities, Forums

Share media, participate, communicate, innovate

Foster advocacy

Online focus groups / R&D

Groups - Participate or Lead

Page 37: Social  Media for Schwab Advisors

eBooks

Training, handbooks, reference guides, product guides, manuals

Rich content, commercial Value

Multi-media experience

Searchable, indexed

Credibility

Page 38: Social  Media for Schwab Advisors

38

Listening

What is the “Conversation” about you?

Where to Listen: Relevant Forums, Blog Search, Twitter, Google Alerts

Advanced listening systems and dashboards

Determine the sentiment

Participate in conversations

Page 39: Social  Media for Schwab Advisors

39

Events and Webinars

Build credibility

Collect registration data

Promote with Facebook, Twitter, LinkedIn

Enable the nurture program and permission marketing

Page 40: Social  Media for Schwab Advisors

40

YourWebsite

Internet Marketing Opportunity

Conversions

Landing Pages

Offers

Visitors!

Content Key Words

Social Media

Other Websites

Inbound Links

Page 41: Social  Media for Schwab Advisors

41

Creating Value

Aware

Interested

Considering

Evaluating

Committed

Customer

Advocate

Developing initial perceptions…

1

.. Considering alternatives…

2

.. responding to relationship and dialog…

3

…becoming advocates for you.

4

Page 42: Social  Media for Schwab Advisors

42

What you can do?

Good Better Best Establish an

online presence with outposts within social media

Enhance your web site experience

Publish original content around your specialty

Build your online network

Syndicate your content across outposts

Establish a nurture program with multi-media content, events and self-selection

Better enable online conversions (e.g. engagements with your firm; two-way communications)

Talk to your compliance partners

Page 43: Social  Media for Schwab Advisors

4343

Consider Regulators & Compliance

Look at all the Regulators who impact your business

Use of advertisement product may require preapproval

Establish firm policies related to electronic communications and participation in electronic forums such as social networking sites

* Charles Schwab & Co., Inc. does not provide legal or compliance advice.

Page 44: Social  Media for Schwab Advisors

44

Thank You