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1 Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

Social Media Boot Camp The Roi Of Social Media Participation

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This Presentation was from our session at the MMHA Working Together Conference #wtc Where we discussed the best methods to measure and prove the ROI/ROP of social media eforts for professionals in the Multi-Housing Industry.

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Page 1: Social Media Boot Camp   The Roi Of Social Media Participation

1Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

Page 2: Social Media Boot Camp   The Roi Of Social Media Participation

Your Presenter:

2Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

Christopher Lower, Director of Marketing & PR, Sterling Cross Communications

Chris’s Background:• 17 years of Marketing, Sales, & Copywriting • 10 years of focus on emerging web technologies and their use in

marketing – Blogs, Podcasts, Viral Campaigns, Social Media (MySpace, etc.), Wikis, Web Video (YouTube, etc), webinars, RSS and more.

• Worked for such companies as Disney, Toys R Us, Starlog Franchise Corporation, Build-a-Bear Workshops, Zeiss Microscopes, & Champp’s Americana.

Sterling Cross Communications:• 7 year old Public Relations, Social Media Relations, & Marketing Firm• Local, National, & International Clients in Professional Services, Luxury

Goods, Retail, Hospitality, Gourmet Food & Wine, Professional Chefs & Catering, Consumer Goods, Children’s Products & Toys, Trends, Technology, IT, Medical Device, Human Resources & Recruiting, and Media.

Page 3: Social Media Boot Camp   The Roi Of Social Media Participation

Agenda:1. Welcome & Introductions2. How Powerful Is Social Media Today?3. Review of Social Media & Terms4. Integration of a Social Media Campaign5. Base Business Initiatives6. Time Management in Campaigns7. ROI & ROP8. Strategies for selling Social Media to decision

makers as well as clients.I welcome questions during

each section of the presentation

3Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

Page 4: Social Media Boot Camp   The Roi Of Social Media Participation

How Powerful is Social Media:

4Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• The recent study by Chadwick Martin Bailey and iModerate Research Technologies found that consumers are 67% more likely to buy from the brands they follow on Twitter, and 51% more likely to buy from a brand they follow on Facebook. Moreover, they’re 79% more likely to recommend their Twitter follows to a friend, and 60% more likely to do the same on Facebook.

Page 5: Social Media Boot Camp   The Roi Of Social Media Participation

Review of Terms?:

5Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• Friends & Followers -• The audience – these people have chosen to sign up to

listen to what you have to say.• Opt-in –

• A conscious choice to participate in a conversation, or to receive messages and information.

• Engagement – • The act of participating in the conversation streams that

are happening across social media platforms.

Page 6: Social Media Boot Camp   The Roi Of Social Media Participation

Review of Terms?:

6Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• Transparency/Authenticity –• The degree of authenticity and truthfulness in your

message, purpose, and intention in your online dealings and actions.

• Conversion – • Moving the audience from interested listeners to a desired

action, such as purchasing, etc.• Linkback –

• Instances where your social media sites (and others) link back to your site.

• Going Viral –• The potential for your message to spread quickly on the

internet.

Page 7: Social Media Boot Camp   The Roi Of Social Media Participation

Integration of a Social Media Campaign:

7Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• Strategy – focus must be developed• How will it work with your other marketing

tools – combine with print & web• Using built in integration components of the

tools• Linking & RSS• Calls to action/conversion points to move the

audience around your marketing

Page 8: Social Media Boot Camp   The Roi Of Social Media Participation

Base Business Initiatives:

8Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• Ideation for campaigns• Cadbury Gorilla - http://www.youtube.com/watch?v=DBwnKQEJkiM

.• Will it Blend - http://www.youtube.com/watch?v=DLxq90xmYUs.• Cocaine Toilet - http://www.youtube.com/watch?v=cgQIZMqYqLw.• Punch Pizza - http://www.flickr.com/photos/punch_pizza/.• moto-i – http://www.twitter.com/motoi2go.• Comcast – http://www.twitter.com/comcastcares• California Open Source Textbooks (COST) -

http://www.opensourcetext.org/.• Coca-cola’s YouTube Channel -

http://www.youtube.com/user/cocacolachannel?blend=1&ob=4

Page 9: Social Media Boot Camp   The Roi Of Social Media Participation

Base Business Initiatives:

9Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• What are your goals for Social Media??

• PR & Advertising• Sales• Customer Retention• Customer Service• Market Research• Recruiting/Hiring• Screening

Page 10: Social Media Boot Camp   The Roi Of Social Media Participation

Base Business Initiatives:

10Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• What can I measure??• Followers/Friends• Clickthroughs – Search Engine

Optimization (SEO)• Sales• Customer Retention• Online Reputation• Testimonials/Reviews

Page 11: Social Media Boot Camp   The Roi Of Social Media Participation

Let’s Look at an Example:

11Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• The company: Rose Associates, an 80-year-old real estate marketing and management company based in New York City. Rose has 200 employees and manages some 20,000 luxury apartment units.

Page 12: Social Media Boot Camp   The Roi Of Social Media Participation

Let’s Look at an Example:

12Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• The idea: Bob Scaglion, Rose's senior managing director of residential marketing, uses Twitter's search function for lead generation, which works well, because people often send messages about apartment hunting travails. "Our clientele is young and upwardly mobile," he says. "Twitter is where they are." The easiest way to find customers who are looking for what you sell is to go to search.twitter.com and start typing in keywords. Rose uses 10 key terms, like New York City apartments, moving to New York City, and no fee rentals. When a person uses one of these phrases, someone in the company's marketing department sends a reply message like the one above with a link to Rose's apartment listings. Unsolicited messages from strangers might sound creepy, but such is life on Twitter.

Page 13: Social Media Boot Camp   The Roi Of Social Media Participation

Let’s Look at an Example:

13Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• The result: No followers? No problem! Rose has only 200 followers on its Twitter account but generates 100 leads a month by sending a few targeted replies every day. Scaglion says roughly half of those leads convert to actual rentals, which is pretty good, given that the program costs almost nothing.

• How to find leads faster: There are dozens of Twitter applications that can continuously search Twitter and alert you when a keyword is used. Scaglion's company uses an application called TweetDeck and a Web service called DemandSpot, both of which are free.

Page 14: Social Media Boot Camp   The Roi Of Social Media Participation

Time Management:

14Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• Strategy

Page 15: Social Media Boot Camp   The Roi Of Social Media Participation

Time Management:

15Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• Propagators & Aggregators – Tools• Hellotxt• Friendfeed• Tweetdeck• Hootsuite

Page 16: Social Media Boot Camp   The Roi Of Social Media Participation

Example 2- A more complex plan:

16Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• Is it just about Sales??• Building Awareness• Building Community• Resident Retention• Customer Service• Social Media as an Amenity?http://www.lyricliving.comhttp://twitter.com/lyriclifestylehttp://thelyriclifestyle.wordpress.com/http://www.facebook.com/pages/

Saint-Paul-MN/The-Lyric-at-Carleton-Place-Apartments/303387075690?ref=nf

Page 17: Social Media Boot Camp   The Roi Of Social Media Participation

ROI & ROP:

17Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• Targeted & Untargeted engagement• SEO• Reputation management/Brand awareness• Warm Lead Sales Structure• Database Build• Return on Participation (ROP)

Page 18: Social Media Boot Camp   The Roi Of Social Media Participation

Strategies for Selling Social Media:

18Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

Obtaining Buy in from the C-suite & Customers–1. Cost Savings v. Traditional Media2. Measurability3. Market Research/Marketshare4. Customer Service, Loyalty, & Engagement5. Opt-in List building6. Control of brand by losing control.

Page 19: Social Media Boot Camp   The Roi Of Social Media Participation

Are Your Brains Full Yet?

19Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

Q&A

Page 20: Social Media Boot Camp   The Roi Of Social Media Participation

Thank you for listening to us rant!

20Sterling Cross Communication - Traditional Storytelling Integrating Today's Technology - www.sterlingcrossgroup.com

• Please take 2 minutes to fill out the survey sheet, and turn it in for a drawing for gift cards to Kitchen Window in Calhoun Square.

• Feel free to check us out at:• www.abovethebuzz.wordpress.com• www.twitter.com/MrChristopherL

• Sterling Cross Communications would love to discuss any of the ideas and strategies presented here today, and can assist with the implementation and execution of any of the discussed technologies! Let’s grab coffee!

• To contact us please call: 763-496-1499• On the web: www.sterlingcrossgroup.com