The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
Social Media and the Contracting Industry
1.
2. Social Media What’s the Fuss?
• 50 Million Users
– Radio 38 years
– TV: 11 Years
– Microsoft Explorer 4 Years
– Facebook: 9 months: 100 Million
3. Social Media:
What’s all the Fuss?
• Facebook
– 800 million users
• More profiles then population of America
• More traffic then Google
– Middle aged women = 2nd fastest growing
demographic
– 50% all Facebook users log in every day!
7. Which Network is Right for
You?
• Target Audience
– Consumer or Commercial
• Business Objectives
– Awareness, Loyalty or Lead Generation
• The Big Three vs New Kids:
– Facebook, Twitter and LinkedIn
– Google+ and Pinterest
8. Social Media - Getting started
• Listen More, Talk Less
• Share the Love
• Add a Picture
• Mix Personal and Business
• Is Not One Size Fits All
• Cocktail Party Rule
10. Are You Ready for Company?
• Modern Website
• Current Content – Blog
• Conversion Opportunities
– Surveys, Downloads, Video
• Traffic Tracking Program
14. Twitter Has it’s Own Language
• @ reply , DM, # Hashtag
• Conversations 140 characters at a time
• Smaller community, time consuming
– If you don’t have the time, don’t play
26. How Do you Measure?
• Start with Goals
– Awareness, Loyalty and Sales
• Different Media: Different Measures
• Measure Behavior
27. Awareness
• Traditional Media:
– Brand Awareness
• Social Media –
– Fans, Friends and Followers
– Mentions, Replies and Retweets
– New Visitors and Inbound Links
28. Awareness : Klout.com
• Measures Influence
– Who Follows
– Who Engages
– Who Responds
• Can you influence
action
31. Web Traffic and Sales
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
0- 5% 6 - 10% 11 - 25% 26% or More
% of Sales % of Web Traffic
32. Awareness & Sales Leads:
Google.com
• Useful Measures
– Traffic
– Source
– Time on Site
– Page Views
– Specific Pages
33. Sales Leads
• Social Only Offers
• Sales Funnel Behavior
• Off-Line Advocacy
• Social Media ROI
– ROI = (return – investment) / investment %
– ROI on Customer Service
34. You Can’t Measure
Everything
Pick Most Relevant Measures and
Commit to Improving the Numbers
Reach – Scale and global reachAccessibility – Social media tools are generally available at little or no cost.Usability – Few specialized skills or training is requiredRecency - Virtually instantaneous responses Permanence –Can be altered almost instantaneously
Social Media uses web-based technologies to turn communication into interactive dialogues.Social Media tools include: Internet forums, Weblogs, social blogs, microblogging, wikis, podcasts, pictures, video, rating and social bookmarking. Technologies include: blogs, picture-sharing, vlogs, wall-postings, email, instant messaging, music-sharing, crowdsourcing, and voice over IP
Create an engaging Page. Use applications like the discussion board and YouTube video box to add more interesting and engaging content to your Page. Give users a reason to become a fan of your Page and engage with you.Leverage the viral nature of Facebook ¡V the news feed. The added benefit of creating an engaging page is that every time a fan engages with your page ¡V from becoming a fan to posting a comment to attending an event ¡V that activity is published to their “news feed” which is seen by all of their friends on Facebook. When a user first logs into Facebook, they see a feed of their friend’s recent activity, so each and every activity of your fans on your page gets shared with a greater network, giving your business more visibility.Draw on your existing network. You most likely already have email subscribers and blog readers- so make sure they know that they can now become a fan of your business on Facebook. Consider emailing your opt-in mailing list, including a link to your page in your email signature, blogging about your Facebook page, and posting a link or badge to your page on your website or blog.Make your Page publicly searchable. By default, your Page will be public so that it can get indexed by search engines and give you the opportunity to drive organic search traffic to your Page. If you don¡¦t notice your page showing up in searches, make sure you have set it to be publicly indexed and searchable. Go to Edit Page and then Settings and set your page to be “Published (publicly visible).”Use Facebook Ads for an extra push. Facebook ads allow you to advertise a website or something on Facebook, including Pages, groups, and events. If you¡¦re familiar with Google Adwords, the system for building and running ads on Facebook is very similar. A later section will dive deeper into how to set up and optimize Facebook Ads.
What is Happening NowNews, Events, LocationsConversationResearch Tool80 – 20 Rule
It is ultimately not about what you know, but who you know. And how well you know themAs you can see, there are three degrees of connections on LinkedIn. However, only the first two are really useful. Obviously, first degree connections are people you know and can reach out to. But second degree connections are where the power of LinkedIn really comes in. By leveraging your first degree connections, you can ask for introductions to people you haven’t met and expand your own professional network. For instance…First degree connections: People you’ve connected withSecond degree connections: People who are connected with your first degree connectionsThird degree: People who are connected to your second degree connections
Strength: Likelyhood your brand is being discussedPassion: Frequencey people talk about youSentiment: : Ratio of positive to negativeReach: How wide spread is your reach
Reach: Unique people who saw the postEngaged Users: Unique people who clicked on the postTalking about This: Likes, comments or sharesVirality % of those who saw and were moved to action
Business owners routinely underestimate what they are investing in social media