social media: a land of elves and myths

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Social Media: A Land of Elves and Myths

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A presentation first presented in Iceland at the iMark conference. It encourages companies to focus on social business strategy rather than social media strategy and figure out what they could do.

TRANSCRIPT

Page 1: Social Media: A Land of Elves and Myths

Social Media: A Land of Elves and Myths

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Map of where to get the best hotdog

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Me

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This is Where I Lived last night…

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And of course, you are probably just as bored as

me of this….

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Myth number 1:Everyone is talking about Social Media so I need to

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66% of

marketeers believe they should be investing budget into social media

* E-marketer

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73% of

marketeers admit they don’t know what social media can do for them

* E-marketer

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Fact number 1:Social Media are simply channels where people share their passions, congregate and discuss interests

If you are thinking solely about social media then you are missing the important point…..

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The Whole Consumer Journey has changed

Socialise the website experience

e.g. Like functions, shares

Use social monitoring technologies to identify “Active consumers”

Fuel Conversation with relevant

content to discussions

Reward social interaction and loyalty e.g. Group Discounts

Page 16: Social Media: A Land of Elves and Myths

Socialise the website

experience e.g. Like

functions, shares

Use social monitoring technologies to identify “Active consumers”

Fuel Conversation with relevant

content to discussions

Page 17: Social Media: A Land of Elves and Myths

Reward social interaction and loyalty e.g. Group Discounts

Use social monitoring technologies to identify “Active consumers”

Page 18: Social Media: A Land of Elves and Myths

Socialise the website

experience e.g. Like

functions, shares

Use social monitoring technologies to identify “Active consumers”

Fuel Conversation with relevant

content to discussions

Reward social interaction and loyalty e.g. Group Discounts

Page 19: Social Media: A Land of Elves and Myths
Page 20: Social Media: A Land of Elves and Myths

Myth number 1:You need to be thinking about Social MediaFact: Think about your core Social Strategy

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Myth number 1:You need to be thinking about Social MediaFact: Think about your Social StrategyMyth number 2:Its important to be social because the

numbers are big

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500m users spending 30mins per day

2bn views of videos per day, 24hours uploaded per min

75m members in 200 countries 20bn tweets

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And when you have 317,000 potential linchpins you can create a storybook of

positive conversation

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Myth number 1:You need to be thinking about Social MediaFact: Think about your Social StrategyMyth number 2:Its important to be social because of the

numbersFact: Linchpins are more important than

numbers, 1 can make all the difference

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Myth number 1:You need to be thinking about Social MediaFact: Think about your Social StrategyMyth number 2:Its important to be social because of the

numbersFact: Linchpins are more important than

numbers, 1 can make all the differenceMyth number 3:You need to publish content

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The most popular reason for people to follow brands or engage with brands in social channels was…….

To receive discounts.

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Brands that help me Save

Money Brands that give me social

currency

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Ladies you know you want

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@Huffington Post

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• 180+ personalised videos• 18m views• 22,500 comments

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Start Here End up Here

• Personalised Information• Qualitative led• Free

• Information segmented to different areas of business/business requirements• Qualitative and Quantitative information• Paid for

Listen

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Study

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Publish and Activate

Host

ed

Pla

tform

Dir

ect

ion

al

Pla

tform

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What I hope you will think about when you think about social strategy..

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TAKK!Stories to: [email protected]