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Future of Social Commerce Mindshare

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#MindshareSocial
“The Future of Social
     Commerce will take
      place outside of
      social networks”

2          #MindshareSocial
_______   Transactions on Facebook itself are unlikely
              to become a huge opportunity




3                                    #MindshareSocial
The past 2 years have seen a number of retailers
    open Facebook Stores… and then close them




4                      #MindshareSocial
The consumer experience has been underwhelming




5                 #MindshareSocial
There are real concerns around security

                                              10%

                                                     8%
                                                           EXTREMELY SAFE
     How safe do you feel
                                                           SOMEWHAT SAFE
     purchasing goods or
                                                           NOT SAFE AT ALL
       services through     54%                            DON’T KNOW
         Facebook?
                                                     28%




6   SOURCE: CNBC May 2012         #MindshareSocial
There are real concerns around security




                                                      Hive Community
                                                             Member


7   SOURCE: Mindshare / The Hive   #MindshareSocial
Facebook is primarily for socialising

                                   “ I like separation of
                                   my things, including
                                   my social networking
                                   & what I purchase”
                                                             “ I don‟t want my
                                                                  newsfeed
                                                             transformed into
                                                                some kind of       “ I‟m not sure what
                                                            shopping channel”    the advantages are….
                                                                                  Why not simply use
                                                                                  the provider sites?”




8   SOURCE: Mindshare / The Hive                  #MindshareSocial
Successful examples of F-commerce generally
    do not have direct sales as main KPI




9                    #MindshareSocial
F-commerce will attract certain categories


                                           SMEs




10                      #MindshareSocial
_______   Transactions on Facebook itself are unlikely
           to become a huge opportunity


           Integrating the social graph across platforms is a
           much more scalable opportunity than F-commerce




11                                #MindshareSocial
12   #MindshareSocial
Platform Integration complements existing
technologies rather than disrupts them




                  #MindshareSocial
Consumers exhibit an appetite for social shopping



           01   Trust



           02   Expertise


14   SOURCE: Mindshare / The Hive   #MindshareSocial
But too many products & not enough friends is
     seen as a problem

                                                       “What are the chances of
                                                       my friend & myself both
                                                       wanting a new baking tray
                                                       at the same time? The
                                                       chances of it happening
                                                       are pretty remote”




15   SOURCE: Mindshare / The Hive   #MindshareSocial
Social signals will become multi-dimensional

            1st Generation                      Next Wave




16                           #MindshareSocial
Moving from recommendation to customisation




     Social Recommendation Data                      Social Customisation Data

17                                #MindshareSocial
There are
     hurdles to
                             Data control      Willingness
     overcome                                   to share

     before the
     Social Graph                       Category
                                        Specific
     revolutionises
     e-commerce
18                #MindshareSocial
_______   Transactions on Facebook itself are unlikely
           to become a huge opportunity

           Integrating the social graph across platforms is a
           much more scalable opportunity than F-commerce


           Social commerce will come to
           the High Street, but slowly




19                                #MindshareSocial
Mobile brings the social graph to bricks &
     mortar retailers




20                      #MindshareSocial
Successful services will need to provide
     genuine „social utility‟

                                    Researching at
                                    point-of-sale
              Solve a
              problem                                                     Meet a
              through                                                   social need
               social
                                    Validating a
                                    purchase decision




21   SOURCE: Mindshare / The Hive                    #MindshareSocial
Accessing friends‟ recommendations at point-of-sale




                                       IBM Research
                                        prototype AR
                                       shopping app




22                  #MindshareSocial
Validating a purchase




                                               Selfridges
                                           „Next-Generation‟
                                             fitting rooms




23                      #MindshareSocial
Successful services will need to provide
     genuine „social utility‟

                                    Researching at                              Gifting
                                    point-of-sale
              Solve a
              problem                                                                        Meet a
              through                                                                      social need
               social
                                    Validating a                        Self-affirmation
                                    purchase decision




24   SOURCE: Mindshare / The Hive                    #MindshareSocial
Gifting



                                      Pepsi
                                  Social Vending
                                    Machine




25             #MindshareSocial
Self-Affirmation



                                               Diesel
                                             QR Codes
                                           placed in store




26                      #MindshareSocial
But there a
     number of
                                Category           Consumer
     challenges
     which will
     constrain the                         Technical

     socialisation of
     the High St
27                 #MindshareSocial
_______   Transactions on Facebook itself are unlikely
           to become a huge opportunity

           Integrating the social graph across platforms is a
           much more scalable opportunity than F-commerce


           Social commerce will come to
           the High Street, but slowly

           The Interest Graph presents the real
           opportunity for social commerce


28                                #MindshareSocial
What is the Interest Graph?




                   #MindshareSocial
Content curation trend is helping to fuel
the Interest Graph




                    #MindshareSocial
Interest Graph creates explicit „buy‟ signals

          Social Graph                            Interest Graph



            Who I am                              How I see myself

           Who I know                             What I like & want

             IMPLICIT                             EXPLICIT link to
        indication of what I                        what I’ll buy
              may buy




                               #MindshareSocial
The Interest Graph is not dependent on
scale of your social network




                  #MindshareSocial
… and the Interest Graph is a big opportunity for the
    future
                                   Larger reach




Shallow                                                        Deeper
signals of                                                  signals of
interest                                                      interest




                                   Smaller reach

                          #MindshareSocial
_______   Transactions on Facebook itself are unlikely
           to become a huge opportunity

           Integrating the social graph across platforms is a
           much more scalable opportunity than F-commerce


           Social commerce will come to
           the High Street, but slowly

           The Interest Graph presents the real
           opportunity for social commerce


35                                #MindshareSocial
How to harness these
        opportunities

36          #MindshareSocial
It is getting harder to achieve visibility on the
     Facebook Newsfeed with organic posts*




                      16                   %
                                                                                  3     %



     * SOURCE: Facebook / Mindshare / EdgerankChecker estimates of % of fans who have the opportunity to see a brand post

37                                                 #MindshareSocial
Brands need to evolve from retention to commercial-
     acquisition strategies in social

         Retention / Protection                                    Commercial / Acquisition
           social strategies                                          social strategies

     +   Existing customers                                    +    New customers
     +   Social as CRM                                         +    Social for acquisition
     +   Reinforce brand values & loyalty                      +    Use fans to acquire new
         with existing customers                                    customers

     +   Increase spend amongst existing
         customers




38                                          #MindshareSocial
Key approaches for a more commercial /
     acquisition-driven social strategy
                                           Offer-driven




          01 Use scarcity & exclusivity                     02 Create social-referral
                  mechanics                                      programmes




              03 Leverage social                            04 Leverage interest-graph
                   curation                                     data for paid media


                                          Interest-driven

39                                   #MindshareSocial
Offer-driven
     01 Scarcity and exclusivity mechanics
     Using fans to create desire with earned media amongst non-customers




40                                  #MindshareSocial
Offer-driven
02 Social referral programmes
Customers become affiliates & can be used to acquire new customers




                                                  30% of sales via social referral



                               #MindshareSocial
Interest -driven
03 Leverage social curation
“Earned Media” becomes shoppable




          Interests turned into                      Shoppable-images
             shopping lists                            spread virally

                                  #MindshareSocial
Interest -driven
04 Leverage Interest Graph data for paid media
Increase conversion rate by scaling up audiences using interest-data

Example: Retail brand



                                                 Lookalike
                                                 audience
                                                 based on
                  X                          =    interests
                                                  w/ higher                 +
                                                 propensity
 Interest-graph         Loyalty / customer
      data
                                                    to buy
                               data

                                                                       Wider internet



                                         #MindshareSocial
Our social
     commerce services


44         #MindshareSocial
Retention-based services

01   Community Management
     o   Conversation calendar, content calendar, content creation
     o   Biddable media recommendations
     o   Facebook EdgeRank optimisation


02   Social Engagement
     o   PR-led campaigns, Influencer relations campaign


03   Facebook “SEO”

                                     #MindshareSocial
New acquisition-based services launching soon

01 Platform integration

      o   Facebook API evaluation (pages, ads, apps, insight etc.)


02   Social curation


03   Interest graph data retargeting
      o   Facebook ad exchange / Xaxis


04   Social-based referral programs


                                             #MindshareSocial
#MindshareSocial

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Future of Social Commerce Mindshare

  • 2. “The Future of Social Commerce will take place outside of social networks” 2 #MindshareSocial
  • 3. _______ Transactions on Facebook itself are unlikely to become a huge opportunity 3 #MindshareSocial
  • 4. The past 2 years have seen a number of retailers open Facebook Stores… and then close them 4 #MindshareSocial
  • 5. The consumer experience has been underwhelming 5 #MindshareSocial
  • 6. There are real concerns around security 10% 8% EXTREMELY SAFE How safe do you feel SOMEWHAT SAFE purchasing goods or NOT SAFE AT ALL services through 54% DON’T KNOW Facebook? 28% 6 SOURCE: CNBC May 2012 #MindshareSocial
  • 7. There are real concerns around security Hive Community Member 7 SOURCE: Mindshare / The Hive #MindshareSocial
  • 8. Facebook is primarily for socialising “ I like separation of my things, including my social networking & what I purchase” “ I don‟t want my newsfeed transformed into some kind of “ I‟m not sure what shopping channel” the advantages are…. Why not simply use the provider sites?” 8 SOURCE: Mindshare / The Hive #MindshareSocial
  • 9. Successful examples of F-commerce generally do not have direct sales as main KPI 9 #MindshareSocial
  • 10. F-commerce will attract certain categories SMEs 10 #MindshareSocial
  • 11. _______ Transactions on Facebook itself are unlikely to become a huge opportunity Integrating the social graph across platforms is a much more scalable opportunity than F-commerce 11 #MindshareSocial
  • 12. 12 #MindshareSocial
  • 13. Platform Integration complements existing technologies rather than disrupts them #MindshareSocial
  • 14. Consumers exhibit an appetite for social shopping 01 Trust 02 Expertise 14 SOURCE: Mindshare / The Hive #MindshareSocial
  • 15. But too many products & not enough friends is seen as a problem “What are the chances of my friend & myself both wanting a new baking tray at the same time? The chances of it happening are pretty remote” 15 SOURCE: Mindshare / The Hive #MindshareSocial
  • 16. Social signals will become multi-dimensional 1st Generation Next Wave 16 #MindshareSocial
  • 17. Moving from recommendation to customisation Social Recommendation Data Social Customisation Data 17 #MindshareSocial
  • 18. There are hurdles to Data control Willingness overcome to share before the Social Graph Category Specific revolutionises e-commerce 18 #MindshareSocial
  • 19. _______ Transactions on Facebook itself are unlikely to become a huge opportunity Integrating the social graph across platforms is a much more scalable opportunity than F-commerce Social commerce will come to the High Street, but slowly 19 #MindshareSocial
  • 20. Mobile brings the social graph to bricks & mortar retailers 20 #MindshareSocial
  • 21. Successful services will need to provide genuine „social utility‟ Researching at point-of-sale Solve a problem Meet a through social need social Validating a purchase decision 21 SOURCE: Mindshare / The Hive #MindshareSocial
  • 22. Accessing friends‟ recommendations at point-of-sale IBM Research prototype AR shopping app 22 #MindshareSocial
  • 23. Validating a purchase Selfridges „Next-Generation‟ fitting rooms 23 #MindshareSocial
  • 24. Successful services will need to provide genuine „social utility‟ Researching at Gifting point-of-sale Solve a problem Meet a through social need social Validating a Self-affirmation purchase decision 24 SOURCE: Mindshare / The Hive #MindshareSocial
  • 25. Gifting Pepsi Social Vending Machine 25 #MindshareSocial
  • 26. Self-Affirmation Diesel QR Codes placed in store 26 #MindshareSocial
  • 27. But there a number of Category Consumer challenges which will constrain the Technical socialisation of the High St 27 #MindshareSocial
  • 28. _______ Transactions on Facebook itself are unlikely to become a huge opportunity Integrating the social graph across platforms is a much more scalable opportunity than F-commerce Social commerce will come to the High Street, but slowly The Interest Graph presents the real opportunity for social commerce 28 #MindshareSocial
  • 29. What is the Interest Graph? #MindshareSocial
  • 30. Content curation trend is helping to fuel the Interest Graph #MindshareSocial
  • 31. Interest Graph creates explicit „buy‟ signals Social Graph Interest Graph Who I am How I see myself Who I know What I like & want IMPLICIT EXPLICIT link to indication of what I what I’ll buy may buy #MindshareSocial
  • 32. The Interest Graph is not dependent on scale of your social network #MindshareSocial
  • 33. … and the Interest Graph is a big opportunity for the future Larger reach Shallow Deeper signals of signals of interest interest Smaller reach #MindshareSocial
  • 34. _______ Transactions on Facebook itself are unlikely to become a huge opportunity Integrating the social graph across platforms is a much more scalable opportunity than F-commerce Social commerce will come to the High Street, but slowly The Interest Graph presents the real opportunity for social commerce 35 #MindshareSocial
  • 35. How to harness these opportunities 36 #MindshareSocial
  • 36. It is getting harder to achieve visibility on the Facebook Newsfeed with organic posts* 16 % 3 % * SOURCE: Facebook / Mindshare / EdgerankChecker estimates of % of fans who have the opportunity to see a brand post 37 #MindshareSocial
  • 37. Brands need to evolve from retention to commercial- acquisition strategies in social Retention / Protection Commercial / Acquisition social strategies social strategies + Existing customers + New customers + Social as CRM + Social for acquisition + Reinforce brand values & loyalty + Use fans to acquire new with existing customers customers + Increase spend amongst existing customers 38 #MindshareSocial
  • 38. Key approaches for a more commercial / acquisition-driven social strategy Offer-driven 01 Use scarcity & exclusivity 02 Create social-referral mechanics programmes 03 Leverage social 04 Leverage interest-graph curation data for paid media Interest-driven 39 #MindshareSocial
  • 39. Offer-driven 01 Scarcity and exclusivity mechanics Using fans to create desire with earned media amongst non-customers 40 #MindshareSocial
  • 40. Offer-driven 02 Social referral programmes Customers become affiliates & can be used to acquire new customers 30% of sales via social referral #MindshareSocial
  • 41. Interest -driven 03 Leverage social curation “Earned Media” becomes shoppable Interests turned into Shoppable-images shopping lists spread virally #MindshareSocial
  • 42. Interest -driven 04 Leverage Interest Graph data for paid media Increase conversion rate by scaling up audiences using interest-data Example: Retail brand Lookalike audience based on X = interests w/ higher + propensity Interest-graph Loyalty / customer data to buy data Wider internet #MindshareSocial
  • 43. Our social commerce services 44 #MindshareSocial
  • 44. Retention-based services 01 Community Management o Conversation calendar, content calendar, content creation o Biddable media recommendations o Facebook EdgeRank optimisation 02 Social Engagement o PR-led campaigns, Influencer relations campaign 03 Facebook “SEO” #MindshareSocial
  • 45. New acquisition-based services launching soon 01 Platform integration o Facebook API evaluation (pages, ads, apps, insight etc.) 02 Social curation 03 Interest graph data retargeting o Facebook ad exchange / Xaxis 04 Social-based referral programs #MindshareSocial

Hinweis der Redaktion

  1. Introduce the Future of… programmeGrounded in realityDebunking myth and puncturing hypeHousekeepingTweet #msfutureof
  2. Vision of shopping on FB has been around for a whileSeen a series of retailers open stores … most of which are now closedWhy is that?
  3. Part of FB’s success has been its clean simplie interfaceBut this places constraints on what is possible from a shopping experienceBy contrast retailers have spent huge sums of money & many years experience to optimise the shopping experienceCombination of this has meant that the experience of Facebook Stores has tended to be underwhelming (fewer products , clunkier interface)Retailers have tended to replicate existing e-commerce sites on FB which has ended up feeling like a weaker version of current sites
  4. There is also evidence of consumer reticence around buying through FacebookFrom the US at time of IPO, we saw only 36% of FB users saying they feel safe at buying through FB
  5. And from ourqual research we see a similar picture, with our community expecting FB to work harder to provide security reassuranceCould say this is comparable to early days of e-commerce…But I think there are potentially issues of trust around the Facebook brand , perhaps related to wider privacy concerns which don’t dog similar tech brands (Apple, Amazon) to the same extent
  6. Primarily people want to want to use Facebook to socialise & interact with friends, not transact. They are broadly open to interaction with selected brands that they like, but by and large this doesn’t seem to extend to actual transactionThis is because of 1) Separation of functions2) Concern about commercial clutter3) No perceived value exchange (better places to transact)
  7. When we look at many of the case studies of F-commerce , we see that most have objectives other than sales (ie commerce) .So for eg, the Heinz Get Well Soup campaign , which let fans send personalised cans of soup to sick friends was aboutRewarding existing fans (ie a form of CRM)Generating buzzNOT driving sales
  8. Having highlighted the pitfalls around F-commerce, we do see that transactions directly through Facebook will provide certain categories with opportunities, namely:Small retailers who can benefit from plugging into an existing platform (Payvment) Digitally produced products such as music, games , virtual goods, etc.
  9. Integrating the social graph across platforms has largely been driven by Facebook ConnectHere’s a short video explaining how one of the early pioneers , Levis, went about integrating the Social Graph with their e-commerce platform.
  10. Platform integration complements current e-commerce solutions and augments the user experience rather than introducing an entirely new transactional platform.By integrating the social graph into existing e-commerce solutions, retailers have one central point of access for all e-commerce transactions, rather than a fragmented multi-channel solution.From a consumers’ point of view, it works with current shopping behaviours and doesn’t ask them to learn a new shopping behaviour
  11. From what we’ve seen, consumers are broadly positive about the Trust – People take comfort in knowing their friends have purchased a particular product and knowing that the personal friends recommendation is more trusted than an anonymous oneExpertise – This kind of recommendation via platform integration helps cement the purchase decision, especially if the recommendation is coming form a known expert within a particular field.
  12. But consumers point out one of the inevitable drawbacksWhich we have come to call the baking tray problemAs one of our members pointed out
  13. This will partly be overcome by much richer social signals for retailers to work withCurrently the social graph and platform integration is driven by the ‘Like’ button, which does provide a signal of interest, although at a one dimensional emotion level.Going forward the social graph will be driven by more subtle emotion indicators, such as ‘Love’, ‘Want’, ‘Own’, etc. This will provide much richer & more subtle data for retailers to exploit & deliver more personalised experiences
  14. So we expect to see the future application of Social Graph data to be less about1) Seeing what your friend has likedAnd more2) A customisation of the e-commerce experience based upon insights driven from your social graph
  15. Data control – retailers are likely to be rightly nervous about ceding too much control to Facebook. Terms of engagement will take time to work outWillingness to share – I think as a society we are becoming more willing to share than ever before (& share new types of info) , but there will be large chunks of the population who will remain much less inclinedCategory – what we are prepared to share information on is getting wider over time, but clearly some product categories are going to be more ‘shareable’ than othres
  16. A different form of platform integration , which will take longer to develop, is the integration of the Social Graph with the physical world.
  17. The increasing ubiquity of smartphones (50% pen) allows social commerce to make the transition to the physical world, and to shopping on the High StreetGiven that 90% (ONS) of retail sales are still in the physical world this is clearly a large opportunity for socially enhanced shopping
  18. We can learn some lessons from the slow development of F-commcerce when we think about how social commerce might work in the ‘real world’Just as Facebook Stores which fail to offer a clear (socially based) consumer benefit have tended to fail, for mobile based social commerce solutions to be succesfsul we believe there needs to be clear ‘social utility’ created. In essence, this takes 2 formsSolving an everyday shopping problem through your social connectionsFulfilling an underlying social need state while shoppingSolving a problem through Social could be Using social connections to help a research a purchase while at POSGetting validation or reassurance around a decision
  19. Being able to access friends’ recommendations at point of sale has potentially strong social utilityThis is a pic of a prototype app recently developed for retailers by IBM research which would as well as allowing the user to access product information , could pulll in likes, recommendations , reviews from a user’s social graphLiikely to be of more use for higher end purchases or leisure / entertainment categories
  20. When shoppers are closer to a purchase decision there is the clear opportunity for social to help confirm or validate an imminent decision This is an idea that has been trialled by a number of retailers, allowing shoppers to share pictures of themselves trying on an item of clothing to their social circle , to get a response on whether to buy or notThis example comes from Selfridges Next Generation Fitting Rooms which were launched at London Fashion Week earlier this year
  21. We can also see how mobile social commerce solutions can tap into our underlying need to be social and connected to our friends & family. This could be aboutGifting – allowing consumers to give directly to their friends at POSOr, the need to make a statement about your self to your social circle – self-affirmation
  22. This idea from Pepsi allowed users to send voucher codes to their friends’ mobiles direct from the vending machine
  23. A great example of self-affirmation in action are the physical ‘like’ buttons that have started to emerge. This particular example from Diesel used QR codes to allow shoppers to effectively demonstrate their own coolness by liking one of Diesels products in store.
  24. So if mobile social commerce applications can demonstrate social utility , there is great potential for social commerce developing on the High StreetBut there are a number of challenges which are likely to make it a slow journeyCategory – Fundamentally , mobile social commerce is going to better suited t o categories that are inherently more social , ie Fashion , eating / drinking out, entertainment NOT groceryTechnical – Its harder to integrate the digital with the physical than the digital with digital . So platform integration within e-commerce platforms is likely to develop more quickly than the AR ytpe applications we have seenConsumer - we need to acknowledge that using the smartphone in this way requires a bigger change in consumer behaviour than just logging into a site with FB Connect and continuing to buy online as before (only 6% are using price comparison at POS atm)
  25. The Social Graph is based on an individual’s personal connections to people he or she knows.The Interest Graph is built on connections between people built upon shared interests or passions.Social Graph = Friends / acquaintancesInterest Graph = Strangers
  26. The Interest Graph is being fuelled by a growing need for content curation, using social tools to:Manage the deluge of information to keep up with their interestsDeclare our deepest interests by collecting, or ‘curating’, things & stories that are most important to usThis has supported the development of both :Generic platforms (Twitter, Tumblr, Pinterest)Specific & controlled communities of interest (eg Lady Gaga’s Little Monsters, Beauty Talks)
  27. Why is the Interest Graph so important for Social Commerce?1) It gives a much better indication to retailers and brands of what you’re likely to buyKnowing what someone is interested in is a much stronger indication of what they are likely to want to buy, than knowing who they are connected to Knowing who someone is connected to , is a weak signal of what they are likely to buy but not nearly as explicit
  28. Why is thisimportant for social commerce?2) It is not so dependent on scale as the Social GraphIf you have relatively few friends or a browsing a relatively niche product category, then your Social Graph may have little scope for helping with your purchase, whereas if your interest graph indicates you are into that particular area the retailer can tailor your experienceSo for eg, a person may decide they want a new bike and visit Evans Cycles websiteIf none of their Social Graph has liked or interacted with a product on the site there may be little the retailer can do to influence the journeyIf on the other hand, the retailer pulls in that person’s Interest Graph data and knows that they curate a Pinterest board on BMXes, they can tailor the product offering accordingly.That opportunity is not scale dependent, so is there irrespective of how niche the product category is or how limited or irrelevant that person’s Social Graph may be
  29. 1. Every platform wants to be in the Top right quadrant – where Social scale meets the deeper Interest graph. No one particular platform is there yet, which is why no brand has quite achieved it.2. Twitter – is developing its platform to help create stronger signals within the Interest graph – through Apps a2. nd Cards3. Facebook – always allowed developers to use it’s users data, including allowing the creation of new Verbs – Listening to, Wants, is watching… giving more opportunity for commerce4. Tumblr / Pinterest / Instagram – using Facebook’s integration & scale to leverage their own platforms5. Niche communities – Beauty talk and Chef Hangout, using other network’s functions to create their own business models- based on INTERESTS
  30. Importantly all this allows brands to make earned media actually shoppableMadeByNikeTumblr blog storeAgain, playing to the trend of social curation, Nike identified that Tumblr users like to ‘re-tumble’ stylish, well produced images to their own Tumblr blogs – spreading content virally. Rather cleverly, Nike made those images shoppable by connecting their Tumblr images to e-commerce. They also ran a number of exclusive ranges on the blog, further inviting users to share the shoppable content
  31. Excluding reviews / forumsBased on people you have a social connection with N
  32. Facebook’s ‘edgerank’ algorithm is making branded earned media less and less visible in users’ newsfeeds (need stat here). This means that brands are finding less and less value in simply building fan pages and hoping that the earned media coverage gained off the back of distributing content to their existingcustomers will drive awareness or response amongst non-customers.
  33. The time has come for brands to evolve from being primarily focused on retention/protective-focused marketing strategies using social media, to more commercial-acquisition-focused marketing strategies in social media. Retention/protective social strategies – a summaryWhat is it: get existing brand advocates to sign up to fan pages on social networks, and reward them by sending them info on products & offers. Doesn’t really help to acquire new customers. Benefits: Once people are members of these fan groups, the groups become a replacement for traditional CRM and can help to improve existing advocates’ loyalty towards the brand by reinforcing the brand’s values to them in a social context.Value of a fan in a retention-based social strategy contextAs you would expect, fans tend to be worth more than non-fans, and are more brand-loyal:-$136 extra per fan per year (Syncapse 2010, 20 global brands)27% increase in brand loyalty (Syncapse 2010, research across 20 brands)Commercial-acquisition social strategies – a summaryWhat is it: leverage social platforms & social media to a) use existing brand advocates to acquire/refer new customers at scale, b) leverage shareable media to acquire new customers, c) increase spending of existing customers/fans.Benefits: Social platform technology enables new business models and new forms of shoppable earned media.Value of new social business models: xxxx
  34. Key tactics for brands to take more of a commercially-focused approach in socialMindshare believes that if brands want to use social marketing to drive commercial acquisition objectives it is crucial to capitalise on the new opportunities around platform integration & the interest graph
  35. Use scarcity & exclusivity mechanics to drive sales in a social environmentASOS Virtual Facebook Queue. ASOS was exploring ways of increasing revenue from its summer sale, in June 2011 on ASOS.com. The company had never pre-promoted its sales before and wanted to find a way to generate excitement and hype to drive uplift in their sale. Users had to ‘like’ the virtual queue app in Facebook to join the pre-sales queue, which created significant organic coverage. Games within the app created further organic coverage – eg ‘confessions of a queue-jumper’ which encouraged users to post what they would do to move up the queue, on the ASOS Facebook wall. Paid media was used to promote the queue app and to amplify subsequent interactions. Depending on the time that you joined the queue you received different levels of access to the sale.Results: 174,000 joined the queue via the app426,000 plays of the in-app games32,000 campaign-related tweets 715,000 invitations were shared to join the app – effectively communicating with NEW CUSTOMERSOver 1m organic impressions per day at the peak of the campaign, generating 67,000 clicks to ASOSASOS had their biggest ever sales day during the campaignMedia spend – only £10,000Heinz – Get Well SoupHeinz wanted to allow their Facebook fans to create exclusive, personalised cans of soup to send to non-fans, via the Facebook platform. The messages of goodwill helped to improve the perception of Heinz Soup amongst non-customers, and Heinz also generated a small revenue stream by charging a small fee. By using an app and also paid media to amplify the interactions with the app, the brand managed to generate additional organic earned media which further spread their positive brand message to non-customers.
  36. Create ‘social referral programmes’ or ‘acquisition focused social CRM programmes’ where the shopper becomes an affiliate.Retailer/brand-controlled social referral programmes, egTesco ‘share and earn’ Existing customers of Tesco Direct can earn Clubcard points if their friends buy Tesco Direct products they have officially flagged into the programme via a ‘like’Fab.com –This designer retailer has built its entire e-commerce platform on the Facebook Open Graph. Fab rewards shoppers who refer their friends by the Facebook social-graph, and also rewards you if you share products to your Friendswhich they go on to buy.
  37. Tap into the ‘social curation’ trend by makingcuratableearned media shoppable to drive sales as well as driving earned coverageZapposPinterest appUsing the Pinterest open API, Zappos have created a utility app which allows users to scan Pinterest boards that they are interested in and return Zappos products which are of a similar style/colour/texture/shape as the items displayed on the Pinterest board. Effectively this turns earned media into shopping lists for real products inspired by the earned media. This is an early example of leveraging social curation for commercial goals but shows the way for the future.MadeByNikeTumblr blog storeAgain, playing to the trend of social curation, Nike identified that Tumblr users like to ‘re-tumble’ stylish, well produced images to their own Tumblr blogs – spreading content virally. Rather cleverly, Nike made those images shoppable by connecting their Tumblr images to e-commerce. They also ran a number of exclusive ranges on the blog, further inviting users to share the shoppable content
  38. Use interest-data to increase likelyconversion of paid media into sales. Maximise the audience of people who are most likely to buy, by fusing social interest data with loyalty scheme data. By analysing the interests of existing customers it is possible to target other users who display similar interests – creating a larger targeting segment who have a higher propensity to purchase.Data on likelihood to purchase comes from actual purchase/loyalty scheme data. Lookalike audiences are created using the interests of these actual customers.Furthermore – because GroupM/Mindshare have exclusive access to Facebook’s ad exchange via our DSP (Xaxis)this means we can deliver ads to our scaled-up interests-based audience in to Facebook, as well as the wider internet.
  39. Excluding reviews / forumsBased on people you have a social connection with N
  40. Introduce the Future of… programmeGrounded in realityDebunking myth and puncturing hypeHousekeepingTweet #msfutureof