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First things first



       We’re not going to talk a lot about the basics that you always hear
        about social media

       But, they are still valuable activities

            Opening two way conversations & creating brand affinity
            Leveraging amplification opportunities
            Generating buzz
            Learning about your customers and fanbase
            Learning from your customers
WHY IS ROI IN SOCIAL A BIG
DEAL RIGHT NOW?
Building up a fan base
Challenges to proving ROI and monetising social


    •   Fragmented platforms & measuring tools

    •   Closing the loop between marketing efforts and actual sales

    •   Expectations of digital marketing




                                                                      9
SO WHERE DO WE START?
Laying the groundwork



   •   What are the key goals of your social media program? Do these goals and tactics
       tie back to your broader business objectives?

   •   What audience are you trying to reach?

   •   What are the key performance indicators (KPIs) that will help you evaluate the
       success of your program?

   •   Ultimately, look at how you can tie back to business measures




                                                                                         11
Building and Measuring Value



      Find new ways to create value for your brand using social - build

      Put a strategy in place to show the monetary value social media is bringing -
       measure




                                                                                       12
BUILDING VALUE
Customer Service


       Twitter and Facebook are both commonly used platforms for this

       Convenient for consumers

       Create positive stories

       Measurable impact




                                                                         14
Air Asia




           15
Air Asia




           16
Social as a CRM channel


      Social can be used to complement your existing CRM channel

      Extract value from customer interactions

      Capture and analysis of customer data in the traditional CRM software model
       remains valid

      The challenge is to find a way to extract value from conversations in channels
       that are outside the company.




                                                                                        17
Auto industry examples




                         18
GM




     19
Harley Davidson




                  20
Create Direct Earning channels


       Driving to purchase

       eCommerce within social – or connected to social

       Alternative revenue streams

       Consumer value proposition




                                                           21
Yepme




     125% increase in conversion rate

     4.5x ROI

     Based on performance, now allocate 80% of marketing
      budget on Facebook
Lawson




      Driving consumers to purchase at physical outlet

      Integration with POS closed the loop to sales

      70% of customers who redeemed the Offer bought other products
Pinterest




            24
Pinterest




            25
eCommerce


      Socially integrated store

      Built into social




                                   26
THE NIVEA STORY
Building a fanbase
Always On
Sampling driving trial
Direct Purchase
Results
Results
             Planned 4 – 6 weeks

             Sold out in 1 week in Australia

             And 1 hour in New Zealand!
Alternative Revenue Streams


       New ways to make money




                                 34
Mediacorp
Consumer Value Proposition



      Post-purchase support

      Community

      Creating absolute utility




                                   36
AMEX
AMEX
HOW DO I ACTUALLY
MEASURE RETURNS?
Value of a fan


       Establish the link between your fans and your customers

       Then measure & prove the effect




                                                                  40
CIMB Savings Circle
Measure direct earning channels


      Purchase within Social

      Using social to drive to purchase

      Alternative revenue streams

      Measure effectiveness of CRM channels




                                               42
APPLES WITH APPLES
Online has struggled to create standards for the
metrics that matter




         Radio (1930’s)         Television (1950’s)   Internet (1990’s)
Clicks do not equal sales
       Nielsen NetEffect meta analysis: “There is no correlation between CTR and ROI%”


        1400%


         900%
        ROI
         %




         400%
                                                                                              Breakeven
                    0.00%                      0.10%                      0.20%           0.30%
         -100%                                     Click through Rate


    Correlation = -.07%
Advertising Effectiveness Measurement

            Reach
            Did I reach the right number of people and the right type of
            people for the right number of times?




            Brand Resonance
            Did I improve my brand’s image and change the attitudes of
            customers?




            Reaction
            Did I cause a customer to act? To buy a product, sign up for a
            service, or make a referral?
Samsung
Summary


     ROI in social is measurable – more so than many other marketing channels

     Unique sources of brand value

     Be creative
Q&A
POLL RESULTS
THANK YOU!




    X

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I have my fanbase - now show me the money!

  • 1.
  • 2.
  • 3.
  • 4.
  • 5. First things first  We’re not going to talk a lot about the basics that you always hear about social media  But, they are still valuable activities  Opening two way conversations & creating brand affinity  Leveraging amplification opportunities  Generating buzz  Learning about your customers and fanbase  Learning from your customers
  • 6. WHY IS ROI IN SOCIAL A BIG DEAL RIGHT NOW?
  • 7. Building up a fan base
  • 8. Challenges to proving ROI and monetising social • Fragmented platforms & measuring tools • Closing the loop between marketing efforts and actual sales • Expectations of digital marketing 9
  • 9. SO WHERE DO WE START?
  • 10. Laying the groundwork • What are the key goals of your social media program? Do these goals and tactics tie back to your broader business objectives? • What audience are you trying to reach? • What are the key performance indicators (KPIs) that will help you evaluate the success of your program? • Ultimately, look at how you can tie back to business measures 11
  • 11. Building and Measuring Value  Find new ways to create value for your brand using social - build  Put a strategy in place to show the monetary value social media is bringing - measure 12
  • 13. Customer Service  Twitter and Facebook are both commonly used platforms for this  Convenient for consumers  Create positive stories  Measurable impact 14
  • 14. Air Asia 15
  • 15. Air Asia 16
  • 16. Social as a CRM channel  Social can be used to complement your existing CRM channel  Extract value from customer interactions  Capture and analysis of customer data in the traditional CRM software model remains valid  The challenge is to find a way to extract value from conversations in channels that are outside the company. 17
  • 18. GM 19
  • 20. Create Direct Earning channels  Driving to purchase  eCommerce within social – or connected to social  Alternative revenue streams  Consumer value proposition 21
  • 21. Yepme  125% increase in conversion rate  4.5x ROI  Based on performance, now allocate 80% of marketing budget on Facebook
  • 22. Lawson  Driving consumers to purchase at physical outlet  Integration with POS closed the loop to sales  70% of customers who redeemed the Offer bought other products
  • 23. Pinterest 24
  • 24. Pinterest 25
  • 25. eCommerce  Socially integrated store  Built into social 26
  • 32. Results  Planned 4 – 6 weeks  Sold out in 1 week in Australia  And 1 hour in New Zealand!
  • 33. Alternative Revenue Streams  New ways to make money 34
  • 35. Consumer Value Proposition  Post-purchase support  Community  Creating absolute utility 36
  • 36. AMEX
  • 37. AMEX
  • 38. HOW DO I ACTUALLY MEASURE RETURNS?
  • 39. Value of a fan  Establish the link between your fans and your customers  Then measure & prove the effect 40
  • 41. Measure direct earning channels  Purchase within Social  Using social to drive to purchase  Alternative revenue streams  Measure effectiveness of CRM channels 42
  • 43. Online has struggled to create standards for the metrics that matter Radio (1930’s) Television (1950’s) Internet (1990’s)
  • 44. Clicks do not equal sales  Nielsen NetEffect meta analysis: “There is no correlation between CTR and ROI%” 1400% 900% ROI % 400% Breakeven 0.00% 0.10% 0.20% 0.30% -100% Click through Rate Correlation = -.07%
  • 45. Advertising Effectiveness Measurement Reach Did I reach the right number of people and the right type of people for the right number of times? Brand Resonance Did I improve my brand’s image and change the attitudes of customers? Reaction Did I cause a customer to act? To buy a product, sign up for a service, or make a referral?
  • 47.
  • 48. Summary  ROI in social is measurable – more so than many other marketing channels  Unique sources of brand value  Be creative
  • 49. Q&A