vscpa board retreat: social media presentation

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The Power of Social Media October 27, 2009 Tina Lambert, CAE | VSCPA Vice President of Member & Public Relations

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Presentation given to the Board of Directors of the Virginia Society of Certified Public Accounts on the power of using social media.

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Page 1: VSCPA Board Retreat: Social Media Presentation

The Power of Social MediaOctober 27, 2009

Tina Lambert, CAE | VSCPA Vice President of Member & Public Relations

Page 2: VSCPA Board Retreat: Social Media Presentation

What the heck is Web 2.0 & social media?

Page 3: VSCPA Board Retreat: Social Media Presentation

BlackPlanet.com, Flickr.com, Reunion.com, aSmallWorld, Bebo, Blue Dot, Bolt, Broadcaster.com, Buzznet,

CarDomain, Consumating, Couchsurfing, Cyworld, Dandelife, DeadJournal, DontStayIn, Doostang,

Ecademy, eSPIN, Facebook, Faceparty, Flickr, Flirtomatic, Fotki, Friends Reunited, Gaia Online,

Geni.com, GoPets, Graduates.com, Grono.net, Hyves, imeem, Google, Infield Parking, IRC-Galleria, iWiW,

Joga, Bonito, Last.fm, LibraryThing, LinkedIn, LiveJournal, LunarStorm, MEETin, MiGente.com, Mixi, MOG, Multiply,

My Opera Community, myYearbook, Netlog, Nexopia, OUTeverywhere, Passado, Piczo, Playahead, ProfileHeaven,

Pownce, RateItAll, Reunion.com, Searchles, Sconex, Shelfari,Soundpedia, Sportsvite, Studivz, TagWorld,

TakingITGlobal, The Doll Palace, The Student Center, Threadless, TravBuddy.com, Travellerspoint, Tribe.net, Vampire Freaks,

Vox, WAYN, WebBiographies, Windows Live Spaces, Woophy, XING

Page 4: VSCPA Board Retreat: Social Media Presentation

The Social Media Landscape

Page 5: VSCPA Board Retreat: Social Media Presentation

SOCIAL MEDIAIS AN UMBRELLA TERM…

THAT DEFINES THE VARIOUS ACTIVITIES THAT INTEGRATE TECHNOLOGY, SOCIAL INTERACTIONAND THE CONSTRUCTION OF WORDS, PICTURES,

VIDEOS AND AUDIO.

http://www.wikipedia.org

Page 6: VSCPA Board Retreat: Social Media Presentation

It’s also a fancy way to describe PEOPLEhaving CONVERSATIONS online.

Photo by Kris Hoet

Page 7: VSCPA Board Retreat: Social Media Presentation

• Blogs

• Online Chat & Listservs

• RSS

• Widgets

• Wikis

• Social Networks

• Social Bookmarks

• Message Boards

• Podcasts & Videocasts

• Video Sharing Sites

• Photo Sharing Sites

• Virtual Worlds

The CONVERSATIONS are powered by…

Page 8: VSCPA Board Retreat: Social Media Presentation

Why should I care aboutWeb 2.0 & social media?

Page 9: VSCPA Board Retreat: Social Media Presentation

Is Social Media a Fad? Socialnomics.net

Page 10: VSCPA Board Retreat: Social Media Presentation

Reason #1SOCIAL NETWORKING SITES ARE MOST POPULAR SITESNEXT TO GOOGLE AND YAHOO – AHEAD OF PERSONAL E-MAIL.

Nielsen, Global Faces & Networked Places, 2009

Page 11: VSCPA Board Retreat: Social Media Presentation

Reason #2SOCIAL MEDIA HAS BECOME A FUNDAMENTAL PART OF GLOBAL BUSINESS AND WILL CONTINUE TO ALTER THE CONSUMER EXPERIENCE.

John Burbank, CEO of Nielson Online, 2009

Page 12: VSCPA Board Retreat: Social Media Presentation

Reason #3TIME SPENT ON SOCIAL NETWORKS IS GROWING AT 3X THE OVERALL INTERNET RATE.

Nielson, Global Faces & Network Places, 2009

Page 13: VSCPA Board Retreat: Social Media Presentation

IT’S NOT A FAD. IT’S A FUNDAMENTAL SHIFT IN THE WAY WE COMMUNICATE.

The old communication model was aMONOLOGUE.A >>> B

Page 14: VSCPA Board Retreat: Social Media Presentation

The new communication model is a DIALOGUE. A<<<>>>B

Page 15: VSCPA Board Retreat: Social Media Presentation

They already wield $350 BILLION/ YEAR in direct spending power.

By 2010, MILLENIALS/GEN Y-ERSwill outnumber BABY BOOMERS.

MEET YOUR FUTURE EMPLOYEES, PARTNERS, CFOs, CEOs.

Page 16: VSCPA Board Retreat: Social Media Presentation

What are some of the advantagesof Web 2.0 & social media?

Page 17: VSCPA Board Retreat: Social Media Presentation

• Transparent/open

• Inclusive

• Authentic

• Vibrant

• Consumer-driven

Old way… New way…

• Controlled

• Organized

• Exclusive

• One sided

• Product-driven

Only 14% of people trustADVERTISEMENTS.A >>> B

78% of people trust RECOMMENDATIONSof other consumers.A<<< >>> B

Page 18: VSCPA Board Retreat: Social Media Presentation

• Cheaper

• Stickier

• Viral

• Interactive

• Visible

• Global

• Quickly change

• Connection

Some more ADVANTAGES…

Page 19: VSCPA Board Retreat: Social Media Presentation

How do I get on theWeb 2.0 & social media train?

Page 20: VSCPA Board Retreat: Social Media Presentation

A. Listen

• Immerse yourself in conversations

• Visit social sites to observe

• Ask your coworkers, kids who…

• Remember it’s a dialogue not a monologue

• Set up a profile

• Friend 25 people you know

• Begin to converse

B. Participate

C. Getting Started

Page 21: VSCPA Board Retreat: Social Media Presentation

D. Traffic Signs

• Privacy: Customize what the public and your 'Friend' lists can see about you (professional v. personal)> Create ‘Friend’ groups

> Edit privacy settings

• Etiquette: Once you’re riding the social media highway, remember to obey common internet traffic rules of thumb

• Policy: Obey or set company guidelines for participation

Page 22: VSCPA Board Retreat: Social Media Presentation

E. Test Drive

• 7 million users > 1,382% increase in one year > largest age group is 35-49

• It’s simple> Communicate short (140-

character) bursts of information to the people that subscribe to your updates

> These updates are known as “tweets.”

Page 23: VSCPA Board Retreat: Social Media Presentation

Twitter 101: Commoncraft.com

Page 24: VSCPA Board Retreat: Social Media Presentation

How do I get started? 1. SET UP AN ACCOUNT

Page 25: VSCPA Board Retreat: Social Media Presentation

How do I get started? 2. ENTER PROFILE INFO

Page 26: VSCPA Board Retreat: Social Media Presentation

How do I get started? 3. FIND OR FOLLOW FRIENDS& GROUPS

Page 27: VSCPA Board Retreat: Social Media Presentation

Tweetdeck

• Runs on your desktop

• Multiple accounts

• Friend & search columns

• Facebook & Myspace

• iPhone app

How do I get started? 4. SELECT TOOL TO POST & READ TWEETS

Page 28: VSCPA Board Retreat: Social Media Presentation

How do I get started? 4. SELECT TOOL TO POST & READ TWEETS

Page 29: VSCPA Board Retreat: Social Media Presentation

FOLLOWING

@usernameDM (Direct Message)

RT (Retweet)

#HASHTAG

TweetUpShortened URL

How do I get started? 5. LEARN THE TWITTERVERSE

TWEET

Page 30: VSCPA Board Retreat: Social Media Presentation

How is the VSCPA involvedin Web 2.0 & social media?

Page 31: VSCPA Board Retreat: Social Media Presentation

> RSS

> Podcasts

> Blog (CPACafe.com)

> Microblog (Twitter.com/VSCPANews)

> Photo sharing (Flickr.com)

> Video, Videocasts (YouTube. Coming Soon!)

> Social networking (LinkedIn, Facebook groups)

> Online communities targeted to different practice areas, including e-mail listserves

> Visit “Social Media” section of www.vscpa.com

New MULTIMEDIA & ONLINE OFFERINGSto enhance membership

Page 32: VSCPA Board Retreat: Social Media Presentation

OTHER social media for CPAs

• Wiki: www.wikicpa.com

• Blogs: www.cpacafe.com > www.cpablogger.com > www.cpasuccess.com > http://bigfouralumni.blogspot.com/

• Videos & Media:www.financialfitness.com > www.aicpa.org/Media+Center/ >www.feedthepig.com

• Learning: www.cpalearning2.com

Page 33: VSCPA Board Retreat: Social Media Presentation

RESOURCES on social mediaBlogs•www.TypePad.com

•www.WordPress.com

•www.BlogLines.com

Microblogging/Tracking•Twitter: www.Twitter.com

•TweetDeck: www.TweetDeck.com

•TwitterBerry: www.orangatame.com/products/twitterberry/

•HootSuite: www.HootSuite.com

•Tweetie: www.atebits.com/tweetie-iphone/

•Hashtag: http://hashtag.org

•Google Alerts: www.google.com/alerts

Page 34: VSCPA Board Retreat: Social Media Presentation

RESOURCES on social media

Social networks•Facebook: www.Facebook.com

•LinkedIn: www.LinkedIn.com

•Plaxo: www.Plaxo.com

•HubStreet: www.HubStreet.com (a new one for CPAs and lawyers)

Multimedia sharing sites• YouTube: www.YouTube.com (videos)

• Flickr: www.Flickr.com (photos)

• Picasa: Picasa.Google.com (photos)

• SlideShare: www.Slideshare.com (slidedecks)

Page 35: VSCPA Board Retreat: Social Media Presentation

RESOURCES on social media

Podcasting• iTunes: www.apple.com/itunes(for finding and listening to podcasts)

• Audacity: audacity.sourceforge.net(for recording / editing podcasts)

Wikis• PB Wiki: www.PBWiki.com

• WikiSpaces: www.WikiSpaces.com

Virtual worlds• Second Life: www.SecondLife.com

Page 36: VSCPA Board Retreat: Social Media Presentation

CONNECT with me/us

Tina Lambert, CAE

VSCPA Vice President, Member & Public Relations

• Phone: (804) 612-9416

• E-mail: [email protected]

• Web: www.vscpa.com

• LinkedIn: www.linkedin.com/in/tinalambertwww.linkedin.com / search for “Virginia Society of CPAs”

• Facebook: www.facebook.com/TinaLambert1www.facebook.com / search for “Virginia Society of CPAs”

• Twitter: www.twitter.com/TinaLambertwww.twitter.com/VSCPANews

Page 37: VSCPA Board Retreat: Social Media Presentation

THANK YOUvery, very much!