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The Impact and Opportunities of SOCIAL MEDIA & The Banking Industry James Burnes, MediaSauce VP Strategy
“ The  rate  of  internal  change must be greater than the rate of  external  change, or the company will fall behind”   - Jack Welch
2001 2005 2009 2012 The Pipe
 
5   channels
Millions   of “channels”
Control   what people see
Everyone has a  voice
INFORMATION AGE
INTERCONNECTED AGE
Customers have constant access to information ,[object Object]
[object Object],They can make decisions 24/7
[object Object],They are overwhelmed by advertising
Our future customers are surrounded by influencers
Social Media Has Shifted Who People Trust To Influence Their Decisions Source: Nielsen Global Online Consumer Survey, April 2009  41%  Search engine results ads 54%  Emails signed up for 55%  Radio 55%  Billboards / outdoor advertising 59%  Magazines 61%  Newspaper 62%  TV 64%  Brand sponsorships 69%  Editorial content (e.g. newspaper article)  70%  Brand websites 70%  Consumer opinions posted online 90%  Recommendations from people known
 
SURVEY SAYS
Our most valuable asset is our staff. Their participation can inspire customers to line up at our doors!
How will you   activate  employees to take ownership over their culture  and  inspire  awareness?
Our employees become our… brainstorming group
Our employees become our… focus group
Our employees become our… testing team
Our employees become our… marketing dept.
Our employees become our… sales force
Our employees become our… corporate recruiter
Our employees become our… brand ambassadors
Our customers become our… brainstorming group
Our customers become our… focus group
Our customers become our… testing team
Our customers become our… marketing dept.
Our customers become our… sales force
Our customers become our… corporate recruiter
Our customers become our… brand ambassadors
Any questions?
Interesting  Examples   of   bank  and financial  firms  using  social   media
 
 
 
 
 
 
 
 
 
Other   industry  examples   of   digital   platforms  engaging   and  growing   business
 
 
 
 
 
Any questions?
[object Object],7 RULES FOR SOCIAL MEDIA SUCCESS
Rule #1 Define Your Personal And Business Brand
Rule #2 Create Accounts For Your Business & You  (with a photo!)
Rule #3 Speak to Your Target Audience
Rule #4 Commit to 15 Minutes A Day To ‘Pearl’ Dive
Rule #5 Demonstrate experience through sharing knowledge, ideas and insight
Rule #6 Listen More Than You Speak. Respond Frequently & Win!
Rule #7 Reward your customers who connect to you
Any questions?
connect with me diasauce James Burnes VP, Strategy Cell: 317.512.3612 [email_address] www.mediasauce.com   OR CONNECT WITH ME ONLINE: www.facebook.com/jamesburnes   www.twitter.com/jamesburnes   or @jamesburnes www.linkedin.com/in/jamesburnes
THANK YOU!

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Social Media Opportunities In The Banking Industry

Editor's Notes

  1. Slide 1 : image: door to door encyclopedia salesman, or selling vacuums "selling is different.  the model has changed.  it has profoundly and permanently altered.  the days as a sales person as information agent are over. "the economy will continue to force it to change." (then transition to economy)‏
  2. Clock or Open 24 hours sign
  3. Clock or Open 24 hours sign
  4. Image: Lots of billboards/signs/advertisements
  5. Show lots of figures to imply a crowd with one a different color or unique eye-catching shape
  6. We want to showcase the size of the network as being large