social media: time waster or powerful business tool?
TRANSCRIPT
Social media: time waster or powerful business tool?
Mari Anne Snow – CEO, SophiaThink Consulting
22 June, 2010
Copyright © 2010 SophiaThink Consulting, LLC. All rights reserved.
Agenda
6/8/2010
• What is social media?
• Current landscape: May 2010
• How these tools impact daily life
• Generational differences in networking
• How do we keep the connection?
• How are these tools changing business?
• Unique challenges for highly regulated industries
• Discussion
Copyright © 2010 SophiaThink Consulting, LLC. All rights reserved.
What is social media?
6/8/2010
• Social media is media designed to be disseminated through social interaction, created using highly accessible and scalable publishing techniques. en.wikipedia.org/wiki/Social_media
• A category of sites that is based on user participation and user-generated content. They include social networking sites like LinkedIn or Facebook, social bookmarking sites like Del.icio.us, social news sites like Digg or Reddit, and other sites that are centered on user interaction.searchenginewatch.com/define
• Social media are primarily Internet- and mobile-based tools for sharing and discussing information among human beings. www.creativemediafarm.com/information/glossary
Copyright © 2010 SophiaThink Consulting, LLC. All rights reserved.
Current landscape: May 2010
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YouTube
1B+
450M+
60M+
70M+
Global overview
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Global user statistics
LinkedIn 50% outside US
22% in the EU
Twitter 50% non-English
tweets
1.Australians
2.British
3.Italians
4.Americans
Examining one tool’s growth: LinkedIn
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July 2008 25M
August 2009 45M
February 2010 60M
June 2010 70M
How these tools impact daily life
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Information sourcing
Information disclosure
Networking Influence Business
How does the world find things in 2010?
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What are the current UK trends?
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Generational differences in networking
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*Source: http://webbiquity.com/social-media-marketing/the-one-effective-use-of-facebook-for-b2b-marketing/
Who uses LinkedIn?
6/8/2010
• 60/40 men to women
• 92% college educated
• 23% 25 – 34
• 33% 35 – 44
• 25% 45 – 54
• 12% 55 – 64
• Fastest growing user group?
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Source: http://www.ignitesocialmedia.com/2010-social-network-analysis-report/#linkedin
Facilitated discussion groups
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Source: http://www.ignitesocialmedia.com/2010-social-network-analysis-report/#linkedin
Live information about my business network
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Source: http://www.ignitesocialmedia.com/2010-social-network-analysis-report/#linkedin
Global professional presence
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Source: http://www.ignitesocialmedia.com/2010-social-network-analysis-report/#linkedin
Expanded business visibility
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How do we keep the connection?
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Smart phones, netbooks, iPads
Main information conduits in
future
Portable handheld devices
Instant access to worldwide
data and expertise
How are these tools changing business
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Unprecedented access to information for professionals about clients
New definitions of “community” Talk to me, talk with me, not at me
New role for clients as “brand advocates” for businesses they trust
Unique challenges for highly regulated industries
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• Choose your tools wisely
• Think about your demographic
• Make sure you have a long term support plan
You need a realistic, structured
plan
• You must balance the two to succeed
• You need dedicated, skilled resources
• You need realistic guidelines regarding data sharing
Authenticity often conflicts with
regulation
• There is an inherent business risk, plan for it
• Your response is often as important as what is said
• More about two-way conversation, dialogue
This is not a controlled
environment
Thank you, if you have questions:
Mari Anne Snow, CEO - SophiaThink email: [email protected]: http://www.sophiathinkconsulting.comTwitter: @SophiaThinkLinkedIn: http://www.linkedin.com/in/mariannesnow1
6/8/2010Copyright © 2010 SophiaThink Consulting, LLC. All rights reserved.