harnessing the power of social media may 2008
DESCRIPTION
A workshop presentation on "how to" Web 2.0 and social media with lots of case study examples from Cisco, Prescient Digital Media, and others.TRANSCRIPT
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The Wisdom of CrowdsThe Wisdom of Crowds
© 2008 Prescient Digital Media www.PrescientDigital.com
Harnessing the Power of Influencers
By Toby Ward, Prescient Digital Media
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The power of ‘group’
Jellybeans in a jar: the average guess of all the guesses is almost always closer than the closest guess
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Google ‘gets it’
Utilizes page rankings to gather collective intelligence
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The crowd is the influencerThe crowd is the influencer
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Social media / Web 2.0
Promote networks of relationships Transforms users into publishers Discuss, share & collaborate From one to many -> many to many
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Web 2.0 (adapted from Shel Holtz)
Conversation-enabled publishing platforms Blogs, podcasts, Technorati
Social networks Facebook, LinkedIn, MySpace
Social bookmarking Delic.io.us, Digg, StumbleUpon
Democratized content networks Wikipedia, Yahoo! Groups, MyStarbucksIdea
Presence networks (micro-blogging) Jaiku, Twitter, Pownce
Content sharing sites YouTube, Flickr, ePinions.com
Virtual networking platforms Second Life, There.com
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Social media revolution6 of the Top 10 most visited sites on the Internet (Feb 2008)
Source: Alexa.com
1. Yahoo!2. YouTube3. Windows Live4. Google5. Myspace6. Facebook7. MSN8. Hi59. Wikipedia10. Orkut
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Brodeur/OmniComm Study
61% of reporters say blogs affect story tone 50% say blogs influence editorial copy Three-quarters get story ideas from blogs 20% spend at least an hour per day reading blogs
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Corporate Reputation The sum total perception of consumer’s total
interactions with the company Includes:
the intangibles that bridge a product or service promise
the customer’s demand customer’s opinion of that promise
The Internet is one of the most important touch points
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Tapping the buzz
McKinsey has found that 54% of all sales are influenced by buzz marketing (or a lack thereof)
Word of mouth is more powerful and technology accelerates word of mouth 1
1 Mark Hughes - Buzzmarketing.com - 2004-20052 Renee Dye - McKinsey & Company, “The Buzz on Buss” 2001
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Reputation = Money $$$$
Over 90% of analysts agree: If a company fails to look after its reputation it will
ultimately suffer financially too.
The most reliable information sources: company websites customer research
Source: Hill & Knowlton, Return on Reputation
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Failure to communicate
The failure to provide appropriate information will lead to negative ratings:
90% saying that it is fairly likely/very likely/or certain to
Source: Hill & Knowlton, Return on Reputation
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“We don’t own the news any more.” -BBC
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RedCross.org
Blog postings mentioning “Red Cross” increased by 10 to 20 times after Katrina (source: Intelliseek Blogpulse)
Redcross.org visits jumped to more than 1 million visits – more than 32x the avg. daily
In a few days donations through the website topped $100 million
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Intranet Blog
In 400 days, from zero to 4,000 people per day Dramatically improved Google rankings
Prescient is now #1 in the World for: “intranet consultant” and “intranet consulting”
More than 2,300 links Up to 12,000 page view per day Increased corporate consulting revenue by 40% Primary source for many Fortune 500 clients including
HSBC, RBC and Nintendo
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Flogging
A fake blog used as sales tool Walmarting Across America Written by two Walmart “fans” Drove RV across US blogging about Walmarts Later revealed they were paid All cooked-up by Edelman PR
http://www.businessweek.com/bwdaily/dnflash/content/oct2006/db20061009_579137.htm
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WalMart employees weigh-in
“… have watched the company go from a family oriented environment to “who gives a crap make us more money environment.”
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Podcasting
Many TV and most radio programs now provide podcast versions
Microsoft, GM and Volvo and many others
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“Five Minutes with …”
Source: Innovative Intranet Tools to Captivate Employees, Jean Gaetano, National City
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Wiki
Wikis allow everyone to participate Wiki is stripped down CMS Any user can edit any other’s text
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Wikipedia.org
9 million files, 75,000 active authors, 250 languages
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Wiki-based intranet: Placemaking
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Facebook quick Facts: Active users: 70 million Monthly new user average: 4 million Daily new user average: 200,000 Page views: Over 15 billion per month Searches: Over 500 million per month Largest networks: London, UK 1,632,273 and
Toronto, Canada 933,960 Traffic rank: 7th most visited website Photos: 2.7 billion
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Join the discussion – TripAdvisor.com
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YouTube Power
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Dove Evolution
One of the Top 15 most-linked-to videos among bloggers (Technorati)
Featured segments on TV shows including: "The View" "Ellen" CNN "Entertainment Tonight" "Geraldo"
Won best commercial of the year at Cannes
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Presence - Twitter
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Social Bookmarking
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Who’s talking about / blogging you? Search the blog services:
Technorati Bloglines MySpace
Search the message boards: Yahoo! AOL MSN epinions.com CNET
Search the bookmarking sites: Deli.cio.us Digg Slashdot
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Who’s monitoring the discussion?
• If you don’t have the staff to monitor these services, how do you know what’s being said?
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Other Tools
Hitwise's search term analysis - type a phrase and it will list the sites that receive the most traffic and their % share
WhoLinksToMe.com – type in your URL and find out what websites link to your website
WordTracker – competitive analysis tool to seek out the best keywords based on over 300 million keyword phrases
CNW – tracking services
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Best Practices
1. Planning – the essential requisite2. Leadership sets the tone3. Engaging the audience4. Evolution, not revolution (pilot)5. Benchmark and cherry-pick from the leaders6. Monitor the conversation7. Keep pace with the trends and best practices 8. Measure, measure, measure
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Measures
1. Sales2. Lead conversion3. Google rankings4. Cost savings5. Links to you6. Traffic (visits, page views)7. Good vs Bad Conversation (monitoring)8. User satisfaction / employee engagement
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Project Methodology
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Toby Ward, Prescient Digital MediaPh: 416.926.8800
email: [email protected]
www.IntranetBlog.comwww.GetStrat.com
www.PrescientDigital.comhttp://blog.ragan.com/contentmatters/
http://intranetreport.libsyn.com/Facebook: “Intranet Global Forum”