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Meeting Potential Consumers Online:
Gaining A Cost Effective Marketing Advantage Over
                Your Competition


       Presented by: Qurratulain
            Usman Sikander
                                            1
Outline




                   5. User-          1. Identifying
                  generated           your target
                   content          audience online


                                               2. Matching
          4. Interacting                      your strategic
            with your                          online plan
            audience                          with different
                                                purposes


                           3. How can you
                             engage your
                           target market ?


                   Meeting Potential Customers Online;
                                                               2
                               Q.Sikander
Why pay attention?




       Cost Effective Marketing                    Cost Effectiveness can be calculated as



  Gaining a Cost Effective
  Marketing Advantage over
  your competitor/s, is closely
  tied to the Cost Benefit of
  the Social Media Marketing
  Tasks



                            Meeting Potential Customers Online;
                                                                                        3
                                        Q.Sikander
Aim is to calculate the “Cost Benefit Analysis”




       Cost Effective Marketing                                   Cost Benefit Analysis




  For each possible
  pathway, quantify the future
  benefits in $ value, adjusted
  by Discount rate, identify the
  Present Value of Benefits
  and Costs                                                  BCR= Benefit Cost
                                                                   Ratio

                            Meeting Potential Customers Online;
                                                                                          4
                                        Q.Sikander
Identify your target audience online




                                                  1. Identifying
                                                   your target
                          5. User-               audience online
                         generated
                          content


                                                       2. Matching
                  4. Interacting                      your strategic
                    with your                          online plan
                    audience                          with different
                                                        purposes


                                   3. How can you
                                     engage your
                                   target market ?


                           Meeting Potential Customers Online;         5
                                       Q.Sikander
Re-learn your Consumer: Define your Audience




Most effective method is to do a Psychographic
Segmentation using the AIO rule:
   Activities
   Interests
   Opinions
 All can be tracked through ‘Behavior
  Targeting’
   Easier for companies to form ‘Archetypes’
    and group users into personas for easier
    marketing.




                           Meeting Potential Customers Online;
                                                                 6
                                       Q.Sikander
Brand Asset Valuator Archetypes




                                  6-7
Application Exercise




                                             What ‘Opinions’
   What kind of    What kind of                                 Now create a
                                             do people hold
 people have an    ‘Activities’ do                             ‘PERSONA’ of
                                               towards or
 ‘INTEREST’ in     these people                                  a possible
                                              against your
 your company?       practice?                                   customer.
                                               company?




                         Meeting Potential Customers Online;
                                                                               8
                                     Q.Sikander
Identifying your Target Audience Online




Understand that the Pareto Principle is also at work
here:

 20 % of your total online traffic will
  generate 80% of revenues.

Any platform that a company will use for
interacting with its consumers, has to
understand one key factor:

 If your website is NOT valuable in resolving
  problems, customers will not return to it.

                               Meeting Potential Customers Online;
                                                                     9
                                           Q.Sikander
Online Platforms


Is Facebook and twitter the only social
network that is effective?

                    NO

 Other IMPORTANT sources:
        Niche Forums
        Competitor Tactics Analysis
        Customer Generated Sources



                          Meeting Potential Customers Online;
                                                                10
                                      Q.Sikander
Online Platforms




                   Meeting Potential Customers Online;
                                                         11
                               Q.Sikander
Online Tools




               Meeting Potential Customers Online;
                                                     12
                           Q.Sikander
Matching your strategic online plan with different purposes




                           5. User-            1. Identifying
                          generated             your target
                           content            audience online



                   4. Interacting                               2. Matching
                     with your                                 your strategic
                     audience                                   online plan
                                                               with different
                                                                 purposes

                                    3. How can you
                                      engage your
                                    target market ?


                         Meeting Potential Customers Online;
                                                                                13
                                     Q.Sikander
Why do Social Media Marketing?


  Market Research        • Study and Understand the Consumers
       Tool
                         • Motivate Consumers through interaction to increase
    Driving sales          Sales


                         • Establish relationship with Consumers to help generate
  Increasing WOM           positive Word-Of-Mouth (WOM)


     Encourage           • Stimulate Consumers (both current and future) to
      enquiries            question and challenge the company , thus BUILD Trust


     Higher SEO          • Increase traffic to the Company name, so as to get
                           higher Search Engine Optimization (SEO)
       results        Meeting Potential Customers Online;
                                                                            14
                                  Q.Sikander
Michael A. Stelzner (2010 Social Media marketing Industry Report) has
   conducted a quantitative research of 1,898 marketers, of both B2C and
   B2B profiles


                             Benefits




http://www.penn-olson.com/2010/05/01/7-benefits-of-social-media-marketing-revealed/
How can you engage your target market?




                         5. User-          1. Identifying
                        generated           your target
                         content          audience online


                                                    2. Matching
                 4. Interacting                    your strategic
                   with your                        online plan
                   audience                        with different
                                                     purposes




                                  3. How can you
                                    engage your
                                  target market ?


                         Meeting Potential Customers Online;
                                                                    16
                                     Q.Sikander
Candy for Customers




                      Meeting Potential Customers Online;
                                                            17
                                  Q.Sikander
How to Optimize in-house?


  Topseos identified five key areas that are important to social media
  optimization:

                                                                                                Consultation
             Trend                                    Brand
                                                                                                 with Top
           Awareness                                Management
                                                                                                Management

                               Social Media                                Reach of the
                               Methodology                                    SMM

                                                                                                                                      18

    Source: http://www.mintsocial.com/social-media-marketing-company/mint-social-named-one-of-best-social-media-marketing-companies-in-us/

                                                Meeting Potential Customers Online;
                                                            Q.Sikander
Case Studies




 1    PepsiCo

  2   IBM

 3    Dell

 4    Burger King




                    Meeting Potential Customers Online;
                                                          19
                                Q.Sikander
   Pepsi Social           IBM encourages        DELL                    Burger King
    vending machine         UGC                   IdeaStorm               offered users a
   Interactive Touch      More than 100          website; where           chance to win a
    Screen                  different blogs,       users make               coupon for a free
   Send gift to           twitter accounts       suggestions for          whopper if they
    friends                                        improvements, vo         ‘unfriend’ 10
                           developerWorks         te, and select the
                            Cloud                                           friends on
                                                   next big thing           facebook!
                            machinima
                            series on
                            YouTube,
                           SlideShare

            UGC= User Generated Content
Interacting with your audience




                            5. User-             1. Identifying
                           generated              your target
                            content             audience online


                                                          2. Matching
                                                         your strategic
              4. Interacting                              online plan
                with your                                with different
                audience                                   purposes

                                     3. How can you
                                       engage your
                                     target market ?



                               Meeting Potential Customers Online;
                                                                          21
                                           Q.Sikander
Retain for Relationships




          Interacting with your audience with transparency to gain
          the trust of your audience. This can be achieved through:
           Being consistent with all of your branding
           Letting a personality show through
           Responding to comments and reviews both
            negative and positive
           Capturing client testimonials.
           Being transparent and authentic.
             Live Chats can act as your company's’ voice for the
              customer


              http://socialmediatoday.com/ryan-adcroft/255827/5-ways-gain-keep-your-customers-trust-online

                                    Meeting Potential Customers Online;
                                                                                                             22
                                                Q.Sikander
User-generated content




                        5. User-
                       generated
                        content              1. Identifying
                                              your target
                                            audience online


                                                      2. Matching
                  4. Interacting                     your strategic
                    with your                         online plan
                    audience                         with different
                                                       purposes


                                   3. How can you
                                     engage your
                                   target market ?


                         Meeting Potential Customers Online;
                                                                      23
                                     Q.Sikander
Marketing’s magic words: user-generated content




User-Generated Content:
 Problem Processing
 Video Blogging
 Podcasting
 News Sharing
 Gossiping (WOM)
 Research Reviews
  BEST EXAMPLE: Wikipedia, YouTube, Twitter, Blogs
                       Meeting Potential Customers Online;
                                                             24
                                   Q.Sikander
How do you plant the seeds of organic growth to engage specific
target groups?



                            Simplify the interaction process

                            Motivate Consumers to Participate

                            Make the act Sharable

                            Seed your Community

                            Maintain Interest

  Source: http://www.leveltendesign.com/blog/colin/5-ways-encourage-user-generated-content-your-website
So What is your next step?

                   Strategic Social Media Plan




                                                             Q.Sikander 2011
                       Meeting Potential Customers Online;
                                                                               26
                                   Q.Sikander
Conclusion


The Arena of Social Media is up for playing in. Some companies
will succeed with flying colors, while others may fail horribly. The
difference between the two types of companies is of VALUES:

  • Simplicity
  • Honesty
  • Credibility
           • BE who you say you ARE!

                       Meeting Potential Customers Online;
                                                                  27
                                   Q.Sikander
Thanks for your support

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Q.Sikander,Meeting Potential Consumers Online

  • 1. Meeting Potential Consumers Online: Gaining A Cost Effective Marketing Advantage Over Your Competition Presented by: Qurratulain Usman Sikander 1
  • 2. Outline 5. User- 1. Identifying generated your target content audience online 2. Matching 4. Interacting your strategic with your online plan audience with different purposes 3. How can you engage your target market ? Meeting Potential Customers Online; 2 Q.Sikander
  • 3. Why pay attention? Cost Effective Marketing Cost Effectiveness can be calculated as Gaining a Cost Effective Marketing Advantage over your competitor/s, is closely tied to the Cost Benefit of the Social Media Marketing Tasks Meeting Potential Customers Online; 3 Q.Sikander
  • 4. Aim is to calculate the “Cost Benefit Analysis” Cost Effective Marketing Cost Benefit Analysis For each possible pathway, quantify the future benefits in $ value, adjusted by Discount rate, identify the Present Value of Benefits and Costs BCR= Benefit Cost Ratio Meeting Potential Customers Online; 4 Q.Sikander
  • 5. Identify your target audience online 1. Identifying your target 5. User- audience online generated content 2. Matching 4. Interacting your strategic with your online plan audience with different purposes 3. How can you engage your target market ? Meeting Potential Customers Online; 5 Q.Sikander
  • 6. Re-learn your Consumer: Define your Audience Most effective method is to do a Psychographic Segmentation using the AIO rule:  Activities  Interests  Opinions  All can be tracked through ‘Behavior Targeting’  Easier for companies to form ‘Archetypes’ and group users into personas for easier marketing. Meeting Potential Customers Online; 6 Q.Sikander
  • 7. Brand Asset Valuator Archetypes 6-7
  • 8. Application Exercise What ‘Opinions’ What kind of What kind of Now create a do people hold people have an ‘Activities’ do ‘PERSONA’ of towards or ‘INTEREST’ in these people a possible against your your company? practice? customer. company? Meeting Potential Customers Online; 8 Q.Sikander
  • 9. Identifying your Target Audience Online Understand that the Pareto Principle is also at work here:  20 % of your total online traffic will generate 80% of revenues. Any platform that a company will use for interacting with its consumers, has to understand one key factor:  If your website is NOT valuable in resolving problems, customers will not return to it. Meeting Potential Customers Online; 9 Q.Sikander
  • 10. Online Platforms Is Facebook and twitter the only social network that is effective? NO Other IMPORTANT sources:  Niche Forums  Competitor Tactics Analysis  Customer Generated Sources Meeting Potential Customers Online; 10 Q.Sikander
  • 11. Online Platforms Meeting Potential Customers Online; 11 Q.Sikander
  • 12. Online Tools Meeting Potential Customers Online; 12 Q.Sikander
  • 13. Matching your strategic online plan with different purposes 5. User- 1. Identifying generated your target content audience online 4. Interacting 2. Matching with your your strategic audience online plan with different purposes 3. How can you engage your target market ? Meeting Potential Customers Online; 13 Q.Sikander
  • 14. Why do Social Media Marketing? Market Research • Study and Understand the Consumers Tool • Motivate Consumers through interaction to increase Driving sales Sales • Establish relationship with Consumers to help generate Increasing WOM positive Word-Of-Mouth (WOM) Encourage • Stimulate Consumers (both current and future) to enquiries question and challenge the company , thus BUILD Trust Higher SEO • Increase traffic to the Company name, so as to get higher Search Engine Optimization (SEO) results Meeting Potential Customers Online; 14 Q.Sikander
  • 15. Michael A. Stelzner (2010 Social Media marketing Industry Report) has conducted a quantitative research of 1,898 marketers, of both B2C and B2B profiles Benefits http://www.penn-olson.com/2010/05/01/7-benefits-of-social-media-marketing-revealed/
  • 16. How can you engage your target market? 5. User- 1. Identifying generated your target content audience online 2. Matching 4. Interacting your strategic with your online plan audience with different purposes 3. How can you engage your target market ? Meeting Potential Customers Online; 16 Q.Sikander
  • 17. Candy for Customers Meeting Potential Customers Online; 17 Q.Sikander
  • 18. How to Optimize in-house? Topseos identified five key areas that are important to social media optimization: Consultation Trend Brand with Top Awareness Management Management Social Media Reach of the Methodology SMM 18 Source: http://www.mintsocial.com/social-media-marketing-company/mint-social-named-one-of-best-social-media-marketing-companies-in-us/ Meeting Potential Customers Online; Q.Sikander
  • 19. Case Studies 1 PepsiCo 2 IBM 3 Dell 4 Burger King Meeting Potential Customers Online; 19 Q.Sikander
  • 20. Pepsi Social  IBM encourages  DELL  Burger King vending machine UGC  IdeaStorm  offered users a  Interactive Touch  More than 100 website; where chance to win a Screen different blogs, users make coupon for a free  Send gift to  twitter accounts suggestions for whopper if they friends improvements, vo ‘unfriend’ 10  developerWorks te, and select the Cloud friends on next big thing facebook!  machinima series on YouTube,  SlideShare UGC= User Generated Content
  • 21. Interacting with your audience 5. User- 1. Identifying generated your target content audience online 2. Matching your strategic 4. Interacting online plan with your with different audience purposes 3. How can you engage your target market ? Meeting Potential Customers Online; 21 Q.Sikander
  • 22. Retain for Relationships Interacting with your audience with transparency to gain the trust of your audience. This can be achieved through:  Being consistent with all of your branding  Letting a personality show through  Responding to comments and reviews both negative and positive  Capturing client testimonials.  Being transparent and authentic.  Live Chats can act as your company's’ voice for the customer http://socialmediatoday.com/ryan-adcroft/255827/5-ways-gain-keep-your-customers-trust-online Meeting Potential Customers Online; 22 Q.Sikander
  • 23. User-generated content 5. User- generated content 1. Identifying your target audience online 2. Matching 4. Interacting your strategic with your online plan audience with different purposes 3. How can you engage your target market ? Meeting Potential Customers Online; 23 Q.Sikander
  • 24. Marketing’s magic words: user-generated content User-Generated Content:  Problem Processing  Video Blogging  Podcasting  News Sharing  Gossiping (WOM)  Research Reviews  BEST EXAMPLE: Wikipedia, YouTube, Twitter, Blogs Meeting Potential Customers Online; 24 Q.Sikander
  • 25. How do you plant the seeds of organic growth to engage specific target groups? Simplify the interaction process Motivate Consumers to Participate Make the act Sharable Seed your Community Maintain Interest Source: http://www.leveltendesign.com/blog/colin/5-ways-encourage-user-generated-content-your-website
  • 26. So What is your next step? Strategic Social Media Plan Q.Sikander 2011 Meeting Potential Customers Online; 26 Q.Sikander
  • 27. Conclusion The Arena of Social Media is up for playing in. Some companies will succeed with flying colors, while others may fail horribly. The difference between the two types of companies is of VALUES: • Simplicity • Honesty • Credibility • BE who you say you ARE! Meeting Potential Customers Online; 27 Q.Sikander
  • 28. Thanks for your support