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Social Media, Right Now
(and you + your career)
A short talk for the
Princeton Club of
Western Washington

February 15, 2011
Who’s Here?
A LOT of you!...

…spanning a healthy cross-section of graduation years.



[Although my quick survey of the registrations suggests the
strongest class turnout will be from ‘95. *Sis boom bah*+
Who Am I?

“Hi, I’m Clay – Damn glad to meet you.”
•      Search: clay mcdaniel [it better be easy to find me, or i’m in the wrong job…]
•      Managing Director at Spring Creek Group
•      5 years working in this field; 10 years+ in interactive consumer marketing
•      PU ‘95 alum
•           @claymcdaniel / @springcreekgrp +            +       + …
•      I run this place…
•      ...and by consequence (+ my 3 kiddos, fly fishing addiction, and various other
    pursuits), please forgive my imperfect attendance at other events here  …
A Little Context:

This is an exciting time! So long
as you’re not afraid of 2 things…
Thing 1: the Internet
Thing 2: Change
The Big Picture
Early 20th century        Mid 20th century               1970‟s / „80‟s

                                  Global Product                   Professional
         Industrial
                                     Design,                    Services & Rise of
        Revolution               Production, Trade                Creative Class




            ~1985 – recently               1995 – now(ish)                  RIGHT NOW!

                      Technology &                   Internet: Online                SOCIAL &
                        Software                        Services &                    MOBILE
                       Revolution                      Ecommerce                      MEDIA!
Believe the Hype.
Source: “What is social media now?” preso, slideshare.net
Social Media has a become
  pervasive – and powerful –
channel for businesses seeking
stronger (digital) relationships
    with their customers.
But it’s also fundamentally
     changing the way we
communicate who we are, what
 we care about, and with whom
  we communicate every day.
“there’s something happening here…”




All content ©2011, Proprietary and Confidential
“RT @cairo meet me at #tahrir IRL. NOW!”




                                                            “I heard „em say
                                                  „the revolution won‟t be televised‟,
                                                     Al Jazeera proved „em wrong,
                                                     Twitter has „em paralyzed…”
All content ©2011, Proprietary and Confidential
Social Media Has Opened an Enormous ‘Gap’ in Traditional
Media, Research, News, PR, Advertising, Business Models… But
This Also Creates Amazing New Opportunities!


                                 Product
                                Research
                               & Customer
                                 Insights




                                              Customer
               Outbound
                                              Service /
             Marketing/ PR /
                                             Reputation
              Advertising
                                            Management
Lucky YOU / Us!
• You are already living & working in one of the true
  hotbeds of social media technology and professional
  services innovation: Western Washington!
Social Media Marketing

So What’s All the Fuss About?
Social Media Applications / Sites / Services You
Probably Know, Use, & Love …
And just a few more….
And let’s not forget the most
important new media site of them all…
Want an instant primer? Start
here:
• http://www.slideshare.net/mzkagan/what-is-social-media-now-4747765
Facts!
1. Social media is changing the way people interact
   and communicate with each other…

2. … and the way customers interact with companies.

3. …And therefore the way companies can interact
   with their customers! [BUT, only if they commit to
   spending a little time and effort on it.]


                      Page 22
•    More than 500 million (++) active users
•    50% of active users log on to Facebook in any given day
•    More than 35 million users update their status each day
•    More than 60 million status updates posted each day
•    More than 3 billion photos uploaded to the site each month
•    More than 5 billion pieces of content (web links, news stories, blog
     posts, notes, photo albums, etc.) shared each week
•    More than 3.5 million events created each month
•    More than 3 million active Pages on Facebook
•    More than 1.5 million local businesses have active Pages on
     Facebook
•    More than 20 million people become fans of Pages each day
•    Pages have created more than 6 billion fans
•    +… worth more than $50B, as per recent fundraising round
Source – Facebook.com
• #4 Largest Site on the Internet
• #1 Largest video site on the web
• 300MM++ Worldwide Visitors a Month
• 5 Billion Video Streams Every month – 40% of all videos online
  (Do the Math – 5 Billion / 300 million worldwide visitors = 17
  streams a month per person)
• 15 Hours+ of new video content uploaded every minute
• Did you know: Back In August 2008, YouTube became the #2
  search engine over Yahoo on Web (#1 is Google)


    http://www.cleancutmedia.com/video/youtube-statistics-the-ultimate-time-suck
• Preferred place to originate customer support inquiries for
  millions
• Treasure trove of instant customer and brand research
• Facilitated two revolutions in recent history

• +… Justin Bieber!!!!!!!
• $500MM in annual revenues after < 2 years
• Crowdsourcing + coupons + local biz + email = GOLDMINE

• Recently rejected $6B buyout offer from Google (?!)

• …and looks like they made the right choice (!!)
Fallacies, Falsehoods and Fiction:
• “Social media marketing is…”
   – A panacea (i.e. “magical solution to all problems”)
   – A great performance marketing (i.e. direct response)
     channel
   – “Free”
   – A replacement for good PR
   – Easy
   – Able to create nearly immediate 20% site traffic lift
   – “…the next big thing…”


                          Page 27
The reality…

                         Horsepuckey.




                         These Are The
                         Same Thing…
                         [Truism: Happy
                         Customers Never
                         “Engage”…]




               Page 28
Why Is Social Media Important to Businesses?




                  Page 29
Why Is Social Media Important to Businesses?




                  Page 30
Still, it’s not the easiest thing in the
world for companies or marketers to
             always do well.

      An Illustrative Case Study
Skittles: “Taking the Red Pill…”
 • Skittles (or, more likely, their AOR) had a
   good idea: “Let’s completely give over our
   website to our community!”
 Key Questions:
 • Were They “True Believers”?
 • Or Were They Just Seeking the Truth?
 • Or was it a Marketing Gimmick?
 • Who Knows.
 • Let’s See How it Went….



                           Page 32
Day 1: “Aren’t We Clever?!?!”




              Page 33
Day 2: “Retreat, Retreat!”




               Page 34
Day 3: “RT @Houston: Problem!”




        February 14, 2011   Page 35
Day 4: The People Have Spoken…




                Page 36
Your Task:

 Get Strategic About The Opportunity,
Challenges, and Role of Social Media for
   Your Organization… and Yourself
About Us
                                                                                         About Spring Creek Group


 Ask, “Where is the Opportunity?”
    Inactive             Watch                React              Engage           Activate               Drive

• Avoid what        • Listen to what     • Respond to      • Provide         • Push content      • Manage
  customers and       your customers       negative attacks resources for      and stories to      message and
  competitors are     are saying about                       bloggers to       influencers and     comment boards
  saying about        you                • Correct factual   share your        fans                for customer
  you online                               errors            message                               groups
                    • Track changes                                          • Motivate your
• Allow               in customer        • Stop competitors • Identify and     ardent            • Maintain and
  competitors to      perception           from gaining       leverage         supporters and      grow thought-
  control the                              share of voice     influencers      fans to spread      leadership
  conversation      • Monitor                                                  the brand love      presence where
  about your          competitors in     • Compare           • Create active   on their own        it matters most
  industry and        space                competitors and     competitive
  brand                                    analyze partners analysis strategy • Let community • Develop & drive
                    • Leverage data to                                          have first look at industry blogs
• Ignore influential understand          • Utilize a blog to • Reach out to key materials,         that put
  authors who         landscape            complement          bloggers         commercials and company in
  may be able to                           “traditional” PR                     other creative     positive light
  champion your                            & Comm efforts
  messages




                                                           38
More Resources & Learning…
• Attend SMC Seattle & Social Media Breakfast
  events!
• Use / Try / Experiment personally with new
  tools, services, sites
• Mashable, MarketingProfs, etc.
• Slideshare!
  – http://www.slideshare.net/mzkagan/what-is-social-media-2005829
  – + many many others… *“The truth is out there…”+
TO SUMMARIZE…
     Go Forth, Learn, and GET INVOLVED!

[Hint: Your Career – and Customers – May Depend Upon It!]
Source: “What is social media now?” preso, slideshare.net
Source: “What is social media now?” preso, slideshare.net
Source: “What is social media now?” preso, slideshare.net
Source: “What is social media now?” preso, slideshare.net
Source: “What is social media now?” preso, slideshare.net
Source: “What is social media now?” preso, slideshare.net
Source: “What is social media now?” preso, slideshare.net
Thank YOU! Have fun…

• ..And now that we’ve gotten all the
  boring slides out of the way, the time is
  close at hand to participate in the
  original social media: cocktail hour.

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PCWW NetNight Remarks Social Media

  • 1. Social Media, Right Now (and you + your career) A short talk for the Princeton Club of Western Washington February 15, 2011
  • 2. Who’s Here? A LOT of you!... …spanning a healthy cross-section of graduation years. [Although my quick survey of the registrations suggests the strongest class turnout will be from ‘95. *Sis boom bah*+
  • 3. Who Am I? “Hi, I’m Clay – Damn glad to meet you.” • Search: clay mcdaniel [it better be easy to find me, or i’m in the wrong job…] • Managing Director at Spring Creek Group • 5 years working in this field; 10 years+ in interactive consumer marketing • PU ‘95 alum • @claymcdaniel / @springcreekgrp + + + … • I run this place… • ...and by consequence (+ my 3 kiddos, fly fishing addiction, and various other pursuits), please forgive my imperfect attendance at other events here  …
  • 4. A Little Context: This is an exciting time! So long as you’re not afraid of 2 things…
  • 5. Thing 1: the Internet
  • 7. The Big Picture Early 20th century Mid 20th century 1970‟s / „80‟s Global Product Professional Industrial Design, Services & Rise of Revolution Production, Trade Creative Class ~1985 – recently 1995 – now(ish) RIGHT NOW! Technology & Internet: Online SOCIAL & Software Services & MOBILE Revolution Ecommerce MEDIA!
  • 9. Source: “What is social media now?” preso, slideshare.net
  • 10. Social Media has a become pervasive – and powerful – channel for businesses seeking stronger (digital) relationships with their customers.
  • 11.
  • 12. But it’s also fundamentally changing the way we communicate who we are, what we care about, and with whom we communicate every day.
  • 13. “there’s something happening here…” All content ©2011, Proprietary and Confidential
  • 14. “RT @cairo meet me at #tahrir IRL. NOW!” “I heard „em say „the revolution won‟t be televised‟, Al Jazeera proved „em wrong, Twitter has „em paralyzed…” All content ©2011, Proprietary and Confidential
  • 15. Social Media Has Opened an Enormous ‘Gap’ in Traditional Media, Research, News, PR, Advertising, Business Models… But This Also Creates Amazing New Opportunities! Product Research & Customer Insights Customer Outbound Service / Marketing/ PR / Reputation Advertising Management
  • 16. Lucky YOU / Us! • You are already living & working in one of the true hotbeds of social media technology and professional services innovation: Western Washington!
  • 17. Social Media Marketing So What’s All the Fuss About?
  • 18. Social Media Applications / Sites / Services You Probably Know, Use, & Love …
  • 19. And just a few more….
  • 20. And let’s not forget the most important new media site of them all…
  • 21. Want an instant primer? Start here: • http://www.slideshare.net/mzkagan/what-is-social-media-now-4747765
  • 22. Facts! 1. Social media is changing the way people interact and communicate with each other… 2. … and the way customers interact with companies. 3. …And therefore the way companies can interact with their customers! [BUT, only if they commit to spending a little time and effort on it.] Page 22
  • 23. More than 500 million (++) active users • 50% of active users log on to Facebook in any given day • More than 35 million users update their status each day • More than 60 million status updates posted each day • More than 3 billion photos uploaded to the site each month • More than 5 billion pieces of content (web links, news stories, blog posts, notes, photo albums, etc.) shared each week • More than 3.5 million events created each month • More than 3 million active Pages on Facebook • More than 1.5 million local businesses have active Pages on Facebook • More than 20 million people become fans of Pages each day • Pages have created more than 6 billion fans • +… worth more than $50B, as per recent fundraising round Source – Facebook.com
  • 24. • #4 Largest Site on the Internet • #1 Largest video site on the web • 300MM++ Worldwide Visitors a Month • 5 Billion Video Streams Every month – 40% of all videos online (Do the Math – 5 Billion / 300 million worldwide visitors = 17 streams a month per person) • 15 Hours+ of new video content uploaded every minute • Did you know: Back In August 2008, YouTube became the #2 search engine over Yahoo on Web (#1 is Google) http://www.cleancutmedia.com/video/youtube-statistics-the-ultimate-time-suck
  • 25. • Preferred place to originate customer support inquiries for millions • Treasure trove of instant customer and brand research • Facilitated two revolutions in recent history • +… Justin Bieber!!!!!!!
  • 26. • $500MM in annual revenues after < 2 years • Crowdsourcing + coupons + local biz + email = GOLDMINE • Recently rejected $6B buyout offer from Google (?!) • …and looks like they made the right choice (!!)
  • 27. Fallacies, Falsehoods and Fiction: • “Social media marketing is…” – A panacea (i.e. “magical solution to all problems”) – A great performance marketing (i.e. direct response) channel – “Free” – A replacement for good PR – Easy – Able to create nearly immediate 20% site traffic lift – “…the next big thing…” Page 27
  • 28. The reality… Horsepuckey. These Are The Same Thing… [Truism: Happy Customers Never “Engage”…] Page 28
  • 29. Why Is Social Media Important to Businesses? Page 29
  • 30. Why Is Social Media Important to Businesses? Page 30
  • 31. Still, it’s not the easiest thing in the world for companies or marketers to always do well. An Illustrative Case Study
  • 32. Skittles: “Taking the Red Pill…” • Skittles (or, more likely, their AOR) had a good idea: “Let’s completely give over our website to our community!” Key Questions: • Were They “True Believers”? • Or Were They Just Seeking the Truth? • Or was it a Marketing Gimmick? • Who Knows. • Let’s See How it Went…. Page 32
  • 33. Day 1: “Aren’t We Clever?!?!” Page 33
  • 34. Day 2: “Retreat, Retreat!” Page 34
  • 35. Day 3: “RT @Houston: Problem!” February 14, 2011 Page 35
  • 36. Day 4: The People Have Spoken… Page 36
  • 37. Your Task: Get Strategic About The Opportunity, Challenges, and Role of Social Media for Your Organization… and Yourself
  • 38. About Us About Spring Creek Group Ask, “Where is the Opportunity?” Inactive Watch React Engage Activate Drive • Avoid what • Listen to what • Respond to • Provide • Push content • Manage customers and your customers negative attacks resources for and stories to message and competitors are are saying about bloggers to influencers and comment boards saying about you • Correct factual share your fans for customer you online errors message groups • Track changes • Motivate your • Allow in customer • Stop competitors • Identify and ardent • Maintain and competitors to perception from gaining leverage supporters and grow thought- control the share of voice influencers fans to spread leadership conversation • Monitor the brand love presence where about your competitors in • Compare • Create active on their own it matters most industry and space competitors and competitive brand analyze partners analysis strategy • Let community • Develop & drive • Leverage data to have first look at industry blogs • Ignore influential understand • Utilize a blog to • Reach out to key materials, that put authors who landscape complement bloggers commercials and company in may be able to “traditional” PR other creative positive light champion your & Comm efforts messages 38
  • 39. More Resources & Learning… • Attend SMC Seattle & Social Media Breakfast events! • Use / Try / Experiment personally with new tools, services, sites • Mashable, MarketingProfs, etc. • Slideshare! – http://www.slideshare.net/mzkagan/what-is-social-media-2005829 – + many many others… *“The truth is out there…”+
  • 40. TO SUMMARIZE… Go Forth, Learn, and GET INVOLVED! [Hint: Your Career – and Customers – May Depend Upon It!]
  • 41. Source: “What is social media now?” preso, slideshare.net
  • 42. Source: “What is social media now?” preso, slideshare.net
  • 43. Source: “What is social media now?” preso, slideshare.net
  • 44. Source: “What is social media now?” preso, slideshare.net
  • 45. Source: “What is social media now?” preso, slideshare.net
  • 46. Source: “What is social media now?” preso, slideshare.net
  • 47. Source: “What is social media now?” preso, slideshare.net
  • 48. Thank YOU! Have fun… • ..And now that we’ve gotten all the boring slides out of the way, the time is close at hand to participate in the original social media: cocktail hour.