5 trends shaping the future of social media
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As of 2011, 5 major trends in social media marketing.TRANSCRIPT
5 TRENDS SHAPING THE FUTURE OF SOCIAL MEDIA MARKETING
Joseph Finley
April 19th, 2011
OUTLINE
What is social media? A brief history How marketers are using social media How marketers will use social media in the
future 5 trends in social media marketing Conclusion
SOCIAL MEDIA Social media is "a group of Internet-based applications
that build on the ideological and technological foundations of Web 2.0, which allows the creation and exchange of user-generated content.“ - Andreas M. Kaplan and Michael Haenlein
A BRIEF HISTORY
Bulletin Board Systems: The beginning Everybody loves AOL The adolescent phase Today’s major players
HOW MARKETERS USE SOCIAL MEDIA
91% currently use social media for marketing purposes, 65% for only a few months
However, in the same version of the report released in 2009, only 23% of marketers had been using social media for a number of years, compared with 31% in the current survey
The benefits:
2010 Social Media Marketing Industry Report
HOW MARKETERS WILL USE SOCIAL MEDIA
67% of the marketers surveyed plan on increasing their use of blogs, Facebook, YouTube (or video in general), Twitter and LinkedIn, each at varying degrees
BEYOND LIKING: THE YEAR OF INTEGRATION
Integration and standardization of social media efforts by marketers
Creating engaging strategies built on existing foundations
Mobile marketing takes flight Coupons, discounts and exclusive sales
SOCIAL SCANNING
Barcode technology meets social media Stickybits, the future of social scanning
GROUP BUYING
Groupon and “collective buying” Enterprise “software-as-a-service” providers GroupTabs – group buying meets social
scanning
MOBILE MEETS LOYALTY
Mobile solution for rewards card overload Two companies leading the way, Key Ring
and Cardstar Shopkick, a retailer’s dream?
VS.
SOCIAL NETWORKING VS. E-MAIL
Decline of the “killer app” Social networks provide all the messaging,
none of the spam (or address books for that matter)
Potential marketing implications
CONCLUSION
Mobile/Social marketing is the (near) future Interactive isn’t just for the Internet anymore Social media facilitates group interactions,
online and offline Marketers will utilize the power of the online
social network to drive consumers to physical locations such as retail locations or events, and vice versa
Instead of the World Wide Web just taking business away from brick and mortar locations, intelligent marketers will tie the two seamlessly together and reap the rewards