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Social Media is Changing the Landscape for Marketers who will
Face new ChallengesJune 2007
• Benefits
• Entirely unaided
• Large sample sizes
• Real-time
• Niche and mainstream
• Audiences naturally segment according to psychographics, life stages and affinity
BlogsMessage BoardsSocial NetworksNewsgroupsDiscussion ForumsProduct ReviewsPersonal Web Pages
44% of U.S. online adults are content creators”(Pew Research)
Consumer Generated Media Defined
Any type of message, communication or media that is created by individuals and freely accessible to anyone for informational or
entertainment purposes
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New Communications Landscape
The New Challenge for Marketers
Bloggers ConsumersAdvertisers
Publisher
Media BloggersEditors
Journalists
Consumers Are Now Actively Consumers Are Now Actively Participating in Electronic Participating in Electronic
Word-of-mouth Evangelism and ActivismWord-of-mouth Evangelism and Activism
"The power shift from media institutions to consumer communities means that marketers must track a diverse and growing range of influential voices."
Peter Kim Forrester Research The Forrester WaveTM: Brand Monitoring, Q3 2006
Millions of new posts every day
Timely monitoring of consumer opinions
Analyzing impact on brands and products
Identifying online influencers
Participating in online discussions
Tracking potentially harmful issues
Coordinating message control
Interpreting content in multiple languages
The Influencers
“Consumers turning to each other online is not a fad anymore. Consumer opinions are the most valued consumer tools in a crowded marketplace.”
Forrester Research
CGM is the fastest growing segment of the Web, with more than 1 million new articles of content posted every 24 hours.
Consumers Trust Other Consumers
Consumers online are the most trusted source of information about brands.
The Challenges
The growth in the number of blogs and the influence of social sites like MySpace and YouTube have companies scrambling to figure what it all means to their bottom line
The Challenges
Brands have no meaningful way to track or understand the impact of consumer comments in these sites
The Challenges
There is no effective solution for collecting content in real time to help clients influence perceptions and protect their brand
The Challenges
There is no way to understand how PR campaigns are perceived in blogs to gauge results
“… you cannot afford to close your eyes … they're simply the most explosive outbreak in the information world since the Internet itself. And they're going to shake up just about every business -- including yours.”
The Challenges
It’s impossible to quickly access in-depth information about who are the most influential bloggers in each area
The Challenges
Responding and participating in online communities is a manual process with no way to manage consistent messaging across teams
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The time to pay attention is Social Media is now