social media personified saint st
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Social Media PersonifiedSocial Media Personified
© Saint St. LLC
Social Media at a 10,000 ft. Level Social Media at a 10,000 ft. Level
Social Media is ubiquitous and has become an influential medium to a rapidly growing number of consumers across all demographics
– As such, Social Media has increased in importance to consumer products companies and has become an integral part of many companies’ overall marketing strategy
– Companies that understand how to leverage Social Media are finding it to be an important tool for reaching customers, generating product demand and establishing a new, deeper level of brand loyalty
– Social Media is equally important as a “learning” medium, providing candid feedback from customers
Saint St. is committed to working with clients from a wide variety of categories on developing and executing successful Social Media programs
– C-level discussions regarding Social Media strategy
– Sharing actionable best practices across entire portfolio
Well-developed Social Media strategies benefit our portfolio of clients by helping to develop brands, grow user bases, drive sales and ultimately increase equity value
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Social Media ROISocial Media ROI
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Discussion: Social MediaDiscussion: Social Media
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What is Social Media?What is Social Media?
Social Media is the communication platform for the production, consumption and exchange of media, information and opinions through online social interactions.
Blogging Microblogging Social Networks
Media Sharing Bookmarking Geo-Social
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2 months
38 years
13 years
4 years 3 years
Discussion: Social MediaDiscussion: Social Media
Years to Reach 50 Million Users
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Discussion: Social MediaDiscussion: Social Media
#1 visited website
600 million registered accounts
>30 billion pieces of content shared per month
March 2010 – 10 billion tweets
175 million Twitterers
3,283 tweets per second during the World Cup
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Why is Social Media Important?Why is Social Media Important?
___________________________Source: CMB Consumer Pulse.
10 million active Fan/Places Pages; Millions of local businesses
>70 million “Likes” daily
People add on average four Fan Pages per month
@yoplaityogurt@twelpforce (BestBuy)
@boars_head @comcastcares
@katespadeny @southwestair
@lululemon @CZ (Verizon)
@luxebylisavogel @delloutlet
@birdhouse @thehomedepot
@ApplegateFarms @Intuit
@renewlifeinc @rubbermaid
79%
67%
60%
51%
Are you more likely to recommend
since becoming a fan/ follower?
Are you more likely to buy since
becoming a fan/ follower?
Twitter Facebook
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Why is Social Media Important?Why is Social Media Important?
Registered Users
Facebook 600 million
Twitter 175 million
LinkedIn 90 million
Foursquare 6 million
Unique Monthly Visitors
YouTube 300 million
Wikipedia 75 million
flickr 24 million
Digg 8 million
Stumbleupon 3 million
Delicious 1 million
Reach and Frequency:
− The average American spends 2x more time “Social Networking” than any other activity online
− Social networks /blogs /media sharing sites account for 23% of time spent online; email 8%
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Why is Social Media Important?Why is Social Media Important?
• Engagement and Branding:
− Consumers are turning more to Social Media outlets for advice and information, making Social Media an increasingly important branding and engagement tool
− 7 out of 10 consumers visit Social Media websites to get information on a company, brand or product% of people who have some degree of trust in the following forms of
advertising
___________________________Source: The Nielsen Company.
24%33%
37%41%
52%54%55%55%
59%61%62%
64%69%70%70%
90%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Textads on mobile phonesOnline banner adsOnline video ads
Search engine results adsAds before movies
Emails signed up forRadio
Outdoor advertisingMagazine
NewspaperTV
Brand sponsorshipsEditorial content (e.g. newspaper)
Brand websitesOnline consumer opinions
Recommendations from people
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Why is Social Media Important?Why is Social Media Important?
Online Consumer Reach, Cost and ROIOnline Consumer Reach, Cost and ROI
Internal Banners
Niche Banners
Banners &
Sponsor (CPM)
PO
TEN
TIA
L
RO
I
COST
Search (CPC)
Outbound Mail
Affiliate Marketin
g
SEO
CSE
Social Media
Retargeting
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1. Search
2. Listen
3. Learn
4. Plan & adopt
5. ENGAGE & test
1. Be human
2. Transparency
3. Empathy is key
4. Take it offline
5. Stop before you GO
Rules of Engagement: Proven Processes for B2B Rules of Engagement: Proven Processes for B2B & B2C& B2C
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Social Media Case Study: IncaseSocial Media Case Study: Incase
2nd app – deepening alignment with Apple
News (NEW PRODUCT) & special media content
1st to receive notifications about events & giveaways
Platform for collective engagement
Social media driving brand “voice” and marketing
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Social Media Case Study: Incase Social Media Case Study: Incase
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Social Media Case Study: Applegate FarmsSocial Media Case Study: Applegate Farms
Using Facebook and Twitter as a platform to engage with individual end-consumers, promote the Applegate brand and create and fuel a community of natural foods enthusiasts
Partnering with producers of complementary products for online contests and promotions
Promoting the benefits of natural and organic foods through YouTube, Facebook and other media sharing sites
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Key Trends in Social MediaKey Trends in Social Media
Identifies location via GPS-enabled smartphones for social gaming networking
More than 10 million signed up with a variety of services – Foursquare, Gowalla, Loopt
Users earn rewards (points, badges) and receive discounts from participating companies (local and national)
Facebook Places has entered the space
Next: Push offers based on opt-in and geo-proximity
Searching material with no delay between composition and publishing – Google + Twitter + Facebook
Can be driven by user-generated content, creating authenticity for searcher
Open Social Graph – Facebook “Like”
Facebook Connect and OAuth – sharing across platforms
Location –Based Social Media : Geo-Social
Real Time Search and Cross Platform Integration
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Key Trends in Social MediaKey Trends in Social Media
Merchants provide products or services at a discount if a certain number of people indicate their willingness to purchase
100s of sites have launched – Groupon and Facebook have entered the space
Offers are mostly local, some national
Aug 19 Groupon Gap Day – 400k sold, $11 million; Jan. ‘11 Living Social/Amazon – 1.4MM sold
Opportunity for “Earned Media”
Perception of being “in-the-know”
Travelocity and Chatroulette; Incase and Gowalla; Starbucks and Sponsored Tweets
When - and with what - will the search giant go “ALL IN”?
Dodgeball – 2005; Orkut – 2007; Latitude – Feb 2009; Places – Sept 2009; Wave – Nov 2009; Buzz – Feb 2010
Group Social Buying
Early Adopter
Google Me?
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Key Business TakeawaysKey Business Takeaways
Consumer businesses must embrace Social Media to “reach” their customers
Customers turn to Social Media channels for peer and perceived authentic recommendations
Social Media adoption and participation is ubiquitous across most core demographics, including baby boomers
Hold on to your horses – the terrain changes everyday!
© Saint St. LLC