when “likes” aren’t enough: l’oreal's evolution to social performance management
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WHEN “LIKES” AREN’T ENOUGH: L’ORÉAL’S EVOLUTION TO SOCIAL PERFORMANCE MANAGEMENT.
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MARIE JOSÉE LAMOTHE CHIEF MARKETING OFFICER
L’ORÉAL CANADA @MJLamothe
MICHAEL SCISSONS FOUNDER & CEO
SYNCAPSE @Scissons
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NUMBER OF FANS, FOLLOWERS AND ‘LIKES’ ARE NO LONGER AN INDICATION OF A BRAND’S SOCIAL PRESENCE OR STRENGTH.
“. . . CEOs believe their marketers . . . focus too much on parameters such as likes, tweets, feeds or followers — parameters they can’t prove generate more business-‐quanBfiable customer demand for products and services.”* * Fournaise 2012
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Brands must idenLfy and track the metrics that uncover performance and tangible business results.
A fragmented and annually-‐based markeLng plan with paid/owned/earned data stored and managed across a wide range of pla[orms.
Establishing a complete view of brand presence while creaLng relevant customer connecLons that result in increased sales and loyalty.
FROM TO
VISION: THE BEAUTY
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REASONS TO BELIEVE
THE ABILITY TO CREATE MORE MEANINGFUL AND ENGAGING CONNECTIONS -‐ REACHING CONSUMERS AT THE RIGHT PLACE, AT THE RIGHT TIME, WITH THE RIGHT MESSAGE.
UNCOVERING REAL-‐TIME CORRELATIONS IN ORDER TO EVALUATE IMPACT ON BRAND HEALTH MEASURES
CLOSING THE MARKETING LOOP THROUGH THE INTERSECTION OF PAID, EARNED AND OWNED MEDIA
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FOR MOST BRANDS, SOCIAL MEDIA IS STILL IN THE EXPERIMENTAL STAGE, STARTING ORGANICALLY AND SLOWLY PROLIFERATING INTO CORE BUSINESS OPERATIONS. MORE TECHNOLOGY EXISTS THAN MARKETERS CAN UNDERSTAND, SCALE AND IMPLEMENT. OVERALL PROCESSES ARE CRITICAL YET LACKING. NO CLEAR DEFINITION AMONG INTERNAL ‘OWNERS’ OF SOCIAL -‐ ORGANIZATIONAL DESIGN IS KEY FOR SUCCESS.
REALITY: THE GEEK
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SOCIAL MEASUREMENT
SOCIAL CONTENT MANAGEMENT, PUBLISHING & WORKFLOW
ADVANCED ANALYTICS & INSIGHTS
REAL-‐TIME PAID EARNED & OWNED INTELLIGENCE
THE PATH TO PERFORMANCE.
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COLLABORATION INSIGHTS VALUE
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Product Spending
Customer Loyalty
Brand Advocacy
Brand Affinity
Media Value
Fan Value
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UNDERSTANDING SOCIAL PERFORMANCE.
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BUILDING A NEW FOUNDATION TO MANAGE THE INTERSECTION OF PAID, OWNED & EARNED
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BRAND DECISION-‐MAKING CREATIVE
MESSAGING MARKET
CORPORATE CENTRALIZED DECISION-‐MAKING MEASUREMENT TECHNOLOGY
BENCHMARKING
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IT IS CRITICAL THAT BRANDS HAVE VISIBILITY INTO THE PERFORMANCE OF THEIR GROWING SOCIAL PRESENCE BEYOND ‘THE LIKE’ BRANDS MUST WORK AGAINST A MATURATION TRAJECTORY, A PATH TO PERFORMANCE, A JOURNEY TO SUCCESS.
DOING THIS WELL RESULTS IN AN EDGE FOR BRANDS TO ENGAGE WITH THEIR MOST VALUABLE CUSTOMERS &
PROSPECTS, STRENGTHENING BRAND EQUITY AND CUSTOMER LIFETIME VALUE.
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THANK YOU.