social media: more than marketing - american marketing association webinar may 2015
TRANSCRIPT
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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Learn more at http://groupmembership.ama.org
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Housekeeping Items
Recording You will be provided with a recording of today’s presentation after today’s live presentation.
Please reference #MoreThanMarketing when tweeting about this webcast.
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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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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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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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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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What Can Social Do?
BrandingMarketing
ResearchConsumer Interaction
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Social Media Isn’t Free
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Social Data Contribution to Communication
Brand
Reputation
Content
Demand
Competitive
InsightsSocially Informed Communication
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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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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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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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Break Down Silos
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Balance Brand & User Needs
BRAND USERS
Supports Business
Objectives
FulfillsAudience
Needs
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Social Media is the #1 Content Channel
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No One Seems to Know if it’s Really Working
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…While Strategy is Lacking
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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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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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Tactical Integration
Social
Search
Analytics
LocalContent (Experiences)
Development
Media
And It’s All Mobile!
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Local Integration
http://localvox.com/blog/social-media-marketing-grows-local-businesses/
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Media Support
Is Organic Social Reach Dead?
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Media Support
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Media Support
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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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Change How Success is Viewed
ROASCPM
CTRCPC
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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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Tools
Process
People
Partners
Social Never Stops
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Organizational Structure
#AheadOfItsTime
@BrianSolis
http://www.altimetergroup.com/category/reports/
Effective
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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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Questions?
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Thank You for Your Participation!
Additional questions?
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Mike CorakEVP of Strategy [email protected] Ethology.com