social media: more than marketing - american marketing association webinar may 2015

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AMA Webcast Social Media: More Than Marketing SPEAKERS: Mike Corak, EVP of Strategy, Ethology Benjie Pressman, Director of Social Media, Ethology MODERATOR: Anthony Salas, American Marketing Association Sponsored by: The audio portion of today’s presentation is available via broadcast audio. You can also dial in to hear audio –

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AMA WebcastSocial Media: More Than Marketing

SPEAKERS:Mike Corak, EVP of Strategy, EthologyBenjie Pressman, Director of Social Media, Ethology

MODERATOR:Anthony Salas, American Marketing Association

Sponsored by: The audio portion of today’s presentation is available via broadcast audio. You can also dial in to hear audio –Participants (US & Canada, Toll Free): (877) 880-8146, Conference ID 6579452International Participants: +1 (949) 220-0473

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Stay Up to Date with AMA TV

While you wait for today’s webcast to begin, please enjoy the latest episode from AMA TV: The Marketing Channel.

Share your comments on Twitter at #AMATV.

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Stay Up to Date with AMA TV

We hope you enjoyed this episode of AMA TV.

To view past episodes go to amatv.ama.org.

If you would like to receive our newsletter, please send an e-mail to [email protected] with ‘AMA TV NEWSLETTER’ in the subject line.

Today’s webcast will begin shortly. Please standby!

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Not an AMA Member yet? Get your colleagues to join too and receive a discount! (Price includes national and local chapter dues)

Learn more at http://groupmembership.ama.org

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Housekeeping Items

Recording You will be provided with a recording of today’s presentation after today’s live presentation.

Twitter

Please reference #MoreThanMarketing when tweeting about this webcast.

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Tweet #FreeSocialAudit to be entered into a drawing to receive a Social Media Ecosystem Audit examining the ways your organization could use social media across your departments(equivalent of +20 hours of opportunity analysis from the Ethology team)

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Mike CorakEVP of Strategy

• Leads the strategic planning and agency services teams at ethology, recently named Inc. 500’s #75 fastest growing companies

• Has developed and implemented winning digital and integrated strategies for hundreds of companies over his 17-year career, including Coca-Cola, ConAgra Foods, Farmers Insurance, FedEx, Nike, Office Depot, and Walt Disney

• Frequent speaker, blogger, and thought leader on content marketing and integrated marketing

• Secretary and Treasurer of SEMPO

Benjie PressmanDirector of Social Media

• Director of Social Media • 10+ years of marketing experience in CRM and Social Media• Experienced in all aspects of social marketing including content creation,

content distribution, direct channel management, crisis management, paid media and influencer marketing

• Helped grow and define social marketing efforts at Initiative working on clients such as Kia Motors America and the Art Institutes

• CRM and direct marketing experience with AT&T, US Cellular and Nike

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

About Ethology

• Recognized by Inc. Magazine. Ranked #75 on the Inc. 5000

• Eighth fastest-growing digital agency

• Founded in 2010, over 70 employees, with offices in Chicago, Los Angeles, Phoenix, and Portland

• Recognized as one of the top companies to work for three years running

• Numerous certifications and partnerships

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Agenda

Social Media: More than Just Marketing

What Can Social Do?

Why Social Needs to be Handled Right?

Integration is the Key

Change How Success is Viewed

It Never Ends

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

What Can Social Do?

BrandingMarketing

ResearchConsumer Interaction

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Social Media Isn’t Free

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Social Data Contribution to Communication

Brand

Reputation

Content

Demand

Competitive

InsightsSocially Informed Communication

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Why Social Needs to be Handled Right

15% consumers complain about bad customer service on social media

-eMarketer

55% of consumers consider switching brands after poor customer service

-Smith & Milton

Social messages sent to brands

increased 77% YOY

-Sprout Social

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

The Bottom Line

74% of consumers list Word of Mouth as a major factor in purchase decisions

-thinkwithGoogle

WOM is responsible for $6 trillion of annual consumer spending

-WOMMA

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Dis

tan

ce b

etw

ee

n m

an

ag

em

en

t a

nd

co

nsu

me

rs

Olden Days Rise of Corporations Mass Communication Present

Consumer Centric Mindset

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Break Down Silos

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Balance Brand & User Needs

BRAND USERS

Supports Business

Objectives

FulfillsAudience

Needs

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Social Media is the #1 Content Channel

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

No One Seems to Know if it’s Really Working

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

…While Strategy is Lacking

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Content Strategy & Social

Thank You Anna Hrach!@annabananahrach

Content Strategy Manager, ethology

“Stop focusing on the output.”

Start with strategy.

Focus on the process.

Break the silos.

http://www.slideshare.net/ethology/how-to-integrate-content-strategy-and-social-media

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Content Strategy & Social

Audience Intelligence

The “Who”

• Who are we speaking to?

• Who is our customer?

• Whose needs do we need to consider?

123

The “How”

• How is content to be distributed?

• How are channels different?

• How will customers react?

The “Where”

• Where did we succeed?

• Where did efforts fall short?

• Where can opportunities be found?

The “What”

• What are we going to create?

• What is the posting schedule?

• What gets promoted?

The “Why”

• Why are we creating content in the first place?

• Why will users care?

Content Strategy

Social Strategy

Editorial Execution

Execution Reporting

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Tactical Integration

Social

Search

Email

Analytics

LocalContent (Experiences)

Development

Media

And It’s All Mobile!

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Local Integration

http://localvox.com/blog/social-media-marketing-grows-local-businesses/

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Media Support

Is Organic Social Reach Dead?

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Media Support

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Media Support

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

PR is Social Too – Influencers Matter

Rising Power Increasingly Mainstream

MTV launches YouTube channel

Brands pulling YouTubers, Viners into TV ads

Talent discovery center

“YouTube Millionaires”

Big entertainment companies acquiring MCN

YouTube outrates every TV network

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Change How Success is Viewed

ROASCPM

CTRCPC

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Measurement Sophistication

Attribution modeling

Multiple objectives to measure• Conversions• “Call center metrics”• On platform engagement

LTV not single sale Value of preventing negative PR

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Tools

Process

People

Partners

Social Never Stops

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Organizational Structure

#AheadOfItsTime

@BrianSolis

http://www.altimetergroup.com/category/reports/

Effective

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Organizational Structure

Key Social Media Roles/Skills Common Hubs & Spokes

- Community Manager

- Social Strategist/Analyst

- Content Strategist

- Copywriter

- Visual Producer

- Developer

- Analytics

- Customer Service

- Marketing/Advertising

- PR

- Sales

- Divisions/Departments

- Locations

- Research/R&D

- Social Media

- Executive

http://www.altimetergroup.com/category/reports/

For How Long?

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Questions?

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Thank You for Your Participation!

Additional questions?

General AMA Questions can be sent to: [email protected]

Recording and slidesYou will be provided with a recording of today’s presentation.

We want to hear from you!

Please complete the post-webcast survey.

Today’s Presentation was brought to you by the ReadyTalk Web Conferencing Platform. If you are interested in learning more about ReadyTalk and their services, please visit www.ReadyTalk.com/AMA.

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Ethology

@MikeCorak @Bpressman @Ethology @AMA_Marketing #MoreThanMarketing

Mike CorakEVP of Strategy [email protected] Ethology.com