social media v2.32035049
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- Raj C Mruthyunjayappa Managing Director, TALISMA
Modeling the Behavior of Participants in Social Networking Sites
The use of social networking sites (SNS) has become widespread in a variety of non-profit and social justice contexts. While before Greenpeace and the World Wildlife Fund would need to organize mail-in campaigns, now all it takes is a tweet, a Facebook wall message or a YouTube video to spark a movement.
WHY SOCIAL MEDIA is Important? 4 Million Wiki articles
Over a Billion videos
Over 2 Billion Blogs
73% of active online users use Social Media
Over 40% have their own blog
39% subscribe to RSS feeds
Over 60% of internet users are part of social network
83% watch video clippings
78% of people trust recommendation of other customers
IT’S THE FUNDAMENTAL SHIFT IN THE WAY WE COMMUNICATE
Traditional Methods Old communication methods are monologue
Only 18% TV ad campaigns generate ROI
90% of people who can skip TV ads do
Average person is exposed to over 3000 advertisements a day
Only 14% of people trust advertisements
NEW COMMUNICATION MODEL IS A DIALOGUE
Reason #1: People are talking about your brand right now!! 34% post opinions about products and brands on their blogs 36% think positively about companies those have blogs Over 40% trust bloggers view on internet
Reason #2: Social media will only become more pervasive
and as such become a critical factor in success or failure of business
Reason #3: Tomorrow consumers are todays “Digital natives”
Future looks bright
SOCIAL CRM