basic truths of social media

13
The Global Internet: 2 Billion Users and Growing PRSA Certificate in Principles of Public Relations April 26, 2014

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What are the basic truths of social media? 1.) Ubiquitous, but NOT monolithic 2.) Digital is Eternal 3.) Conversational Marketing 4.) Thought Leadership

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Page 1: Basic Truths of Social Media

The Global Internet:2 Billion Users and Growing

PRSA Certificate in Principles of Public Relations

April 26, 2014

Page 2: Basic Truths of Social Media

Communications Technology: Always Changing

Page 3: Basic Truths of Social Media

The Numbers Don’t Lie

• 2/3rds of Global Internet Population Uses Social Media• 10 percent of Total Internet Time is Social Media Time• More Popular Than Checking E-Mail• 93% Believe a Company Should Have a Social Media

Presence• 85% Companies Should Interact with Customers

Through Social Media

Page 4: Basic Truths of Social Media

Democratizing Communications

• Internet Access; A Few Thoughts; A Few Key Strokes

Page 5: Basic Truths of Social Media

The Basic Truths of Social Media

1. Ubiquitous, but NOT Monolithic

2. Digital is Eternal

3. Conversational Marketing

4. Thought Leadership

Page 6: Basic Truths of Social Media

Blogging is Alive and Well

• 54.1 million WordPress sites• 327 million subscribers• 2.5 billion pages• 500,000 new posts daily• 400,000 comments daily• No Need for HTML• Create Own Web Portfolios for Free

Page 7: Basic Truths of Social Media

From Dorm Rooms to Wall Street

• LinkedIn, 2003• MySpace, 2003• Facebook, 2004• Flickr, 2004• YouTube, 2005• Twitter, 2006• What’s Next?

Page 8: Basic Truths of Social Media

Tale of Two IPOs

“Connections”• Networking Strategy• 200 million subscribers• $20.7 billion Market

Capitalization• $1.52 billion in revenues• $26 million in profits• Debuted at $45; Now

$171.82

“Friends”• Social Media Strategy

• 1.1 billion subscribers

• $59.7 billion Market Capitalization

• $7.8 billion in revenues

• $1.4 billion in profits

• Debuted at $38; Now $59.72

Page 9: Basic Truths of Social Media

Digital is Eternal

Page 10: Basic Truths of Social Media

Thought Leadership

Page 11: Basic Truths of Social Media

What Now?Strategies to Succeed in a Digital World

• Underpromise; Overdeliver• Brands “Traded” in Cyberspace• 24/7/365 Monitoring & Response• Doing Good, Not Just Doing Well• Two-Way Symmetrical Communication

Page 12: Basic Truths of Social Media

Not A Matter of “If,” a Matter of “When”

• Tell the Truth• Tell it All• Tell it Fast • Move On

Page 13: Basic Truths of Social Media

Manage or Be Managed:Your “Brand” is in Play