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CTAA - Defining 2016: Social Media & Digital Trends in Multifamily

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DEFINING 2016:
SOCIAL MEDIA & DIGITAL TRENDS
ERICA CAMPBELL BYRUM
Director of Social Media
Co-Author of Youtility for Real...
TRENDS
1. REPUTATION MATTERS
2. CREATING YOUTILITY
3. VISUAL CONTENT EXPLODES
4. EMPLOYEE & FAN ADVOCACY
150 Million
300 Million
300hours of
video
uploaded
every minute
6 Billionhours of video
watched
every month
Source: Digita...

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CTAA - Defining 2016: Social Media & Digital Trends in Multifamily

With the ever-changing climate of social media, it’s hard to know what’s “in” and what will help grow your business. Social media, digital marketing and new technology holds tremendous opportunities for companies looking to drive new business, retain customers, create engagement and increase revenue. So many changes have come through social media in the past few years, and no doubt that more are on their way in 2016. Interested in where it is all going? What should be in store for you for the next year? Join Erica Campbell Byrum, Director of Social Media for For Rent Media Solutions as she shares insight into social media trends to help you develop a social program that is proactive versus reactive.

With the ever-changing climate of social media, it’s hard to know what’s “in” and what will help grow your business. Social media, digital marketing and new technology holds tremendous opportunities for companies looking to drive new business, retain customers, create engagement and increase revenue. So many changes have come through social media in the past few years, and no doubt that more are on their way in 2016. Interested in where it is all going? What should be in store for you for the next year? Join Erica Campbell Byrum, Director of Social Media for For Rent Media Solutions as she shares insight into social media trends to help you develop a social program that is proactive versus reactive.

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CTAA - Defining 2016: Social Media & Digital Trends in Multifamily

  1. 1. DEFINING 2016: SOCIAL MEDIA & DIGITAL TRENDS ERICA CAMPBELL BYRUM Director of Social Media Co-Author of Youtility for Real Estate @EricaCampbell @AptsForRent
  2. 2. TRENDS 1. REPUTATION MATTERS 2. CREATING YOUTILITY 3. VISUAL CONTENT EXPLODES 4. EMPLOYEE & FAN ADVOCACY
  3. 3. 150 Million 300 Million 300hours of video uploaded every minute 6 Billionhours of video watched every month Source: Digital Insights, February, 2016 NUMBER OF USERS more than ON YOUTUBE 1.49 Billion 320 Million
  4. 4. IT HR CUSTOMER RETENTION MKTG & SALES SEO COMP ANALYSIS SOCIAL MEDIA 6 TRADITIONAL BUSINESS FUNCTIONS ENHANCED BY SOCIAL MEDIA
  5. 5. 2014 9.4% 13.2% 21.4% 2015 2020 SOURCE: DUKE UNIVERSITY CMO SURVEY CHIEF MARKETING OFFICER’S SPEND ON SOCIAL MEDIA
  6. 6. THE ROI OF SOCIAL MEDIA IS THAT YOUR BUSINESS WILL STILL EXIST IN 5 YEARS. “ - ERIK QUALMAN , AUTHOR OF SOCIALNOMICS
  7. 7. SOCIAL MEDIA TRENDS 4
  8. 8. 1. REPUTATION MATTERS
  9. 9. REPUTATION IS AN ASSET & MUST BE MANAGED LIKE OTHER ASSETS.
  10. 10. 92% OF INTERNET USERS READ REVIEWS AND 89% OF PEOPLE SAY REVIEWS INFLUENCE THEIR PURCHASE DECISIONS. - E TAILING GROUP “ “
  11. 11. A DIFFERENCE OF ONE STAR IN THE AVERAGE RATING CAN LEAD TO A 5% - 9% DIFFERENCE IN REVENUES. - HARVARD BUSINESS REVIEW “ “
  12. 12. 40% 60% 25% 17% 17% 15% 75% 83% 83% 85% 2010 2011 2012 2013 2014 Before Entering a Store In-Store BUYING DECISIONS ARE MADE ONLINE! Source: Nielson
  13. 13. We check our phones 150 times a day Kleiner Perkins Caufiled & Byers 2013 Internet Trends Report
  14. 14. Source: Google MICRO-MOMENTS
  15. 15. Source: Google
  16. 16. 1. ESTABLISH AN IDENTITY
  17. 17. WHAT YOU SAY ABOUT YOURSELF! DIGITAL FOOTPRINT
  18. 18. WHAT OTHERS SAY ABOUT YOU! DIGITAL SHADOW
  19. 19. FOUR PILLARS OF LISTINGS REPUTATION WEBSITE SOCIAL 300+ places your business can be found online. Consumers control the conversation online. Your web presence must be optimized for mobile. No longer a “nice to have.” It is now a “must have.” “THE VIRTUAL DOORWAY” A BUSINESS’S VIRTUAL DOORWAY IS FAR MORE IMPORTANT THAN THEIR ACTUAL DOORWAY.
  20. 20. VIRTUAL DOORWAY IS ON THE WEB
  21. 21. VIRTUAL DOORWAY IS ON SOCIAL MEDIA
  22. 22. ONE OF THE BIGGEST ISSUES BUSINESSES FACE! BEING FOUND
  23. 23. GOOGLE “SNACK PACK” RESULTS MOBILEDESKTOP
  24. 24. KNOWLEDGE GRAPH
  25. 25. THE 4 THINGS EVERY PROPERTY NEEDS TO IMPACT LOCAL SEARCH:
  26. 26. 1 GOOGLE+ & MAPS LISTING
  27. 27. CONSISTENT BUSINESS LISTING DATA ACROSS MORE THAN 300 SITES 2 THE BIG 4 Create and correct listings on the following: DATA PROVIDERS Syndicate local business listings to four major data providers through Listing Distribution
  28. 28. GOOGLE REVIEWS3
  29. 29. A SOCIAL MEDIA PRESENCE 4
  30. 30. OPTIMIZE LISTINGS
  31. 31. 2. MANAGE REVIEWS
  32. 32. SEARCH ON TOP REVIEW SITES
  33. 33. SEARCH YOUR COMPETITOR’S REVIEWS THIS IS A GIFT!
  34. 34. THE 3 TYPES OF REVIEWS 2. NEGATIVE REVIEWS 3. HEALTHY, UNMANAGED REVIEWS 1. NO REVIEWS / NO RECENT REVIEWS
  35. 35. BEST PRACTICES FOR HANDLING REVIEWS RULE 1: Never write a response while angry. RULE 2: Respond quickly and publicly. RULE 3: Always assume the resident is right, even if you know they’re not. RULE 4: Show the steps you’ve taken to resolve the situation. RULE 5: Take the conversation offline.
  36. 36. 3. IMPROVE ENGAGEMENT
  37. 37. CUSTOMER SERVICE GENERATING LEADS BUILDING FANS SUCCESSFUL SOCIAL MARKETING
  38. 38. HAVING A SOCIAL MEDIA CHANNEL YOU DON’T MONITOR IS LIKE HAVING PHONE LINES AT YOUR PROPERTY THAT ARE NEVER ANSWERED. 1. CUSTOMER SERVICE
  39. 39. CONSUMERS DECLARE THEIR INTENTIONS ON SOCIAL MEDIA DAILY! I need to find an apartment in Dallas! I need help moving! I’m looking for a roommate! 2. GENERATE LEADS
  40. 40. 3. BUILDING FANS YOUTILITY & VISUAL CONTENT
  41. 41. 2. CREATING YOUTILITY
  42. 42. BEING A GREAT MARKETER IS HARDER THAN EVER Source: Jay Baer
  43. 43. 3 REASONS WHY… Source: Jay Baer
  44. 44. 1. CONSUMER BEHAVIOR CHANGE Source: Jay Baer
  45. 45. Source: Jay Baer 0 37.5 75 112.5 150 DAILY TIME SPENT, IN MINUTES 147 Smartphone 108 Computer 113 TV 50 Tablet
  46. 46. 2. REAL-TIME REPUTATION Source: Jay Baer
  47. 47. Source: Jay Baer
  48. 48. Source: Jay Baer
  49. 49. 74% TRUST REFERRALS FROM FRIENDS/CO-WORKERS & 67.7% TRUST REVIEWS. - SATISFACTS RESEARCH “ “
  50. 50. 3. ENORMOUS COMPETITION FOR ATTENTION Source: Jay Baer
  51. 51. YOU ARE COMPETING AGAINST THE PEOPLE WE ACTUALLY LOVE Source: Jay Baer
  52. 52. WHAT SHOULD YOU DO NOW? Source: Jay Baer
  53. 53. STOP TRYING TO BE AMAZING, AND START BEING USEFUL Source: Jay Baer
  54. 54. in new leases! $150,000
  55. 55. THE DIFFERENCE BETWEEN HELP AND HYPE IS JUST TWO LETTERS, BUT THEY MAKE ALL THE DIFFERENCE. - @JAYBAER
  56. 56. YOUTILITY
  57. 57. YOUTILITY SO USEFUL, PEOPLE WOULD PAY “ ” IS MARKETING YOU FOR IT.
  58. 58. CREATE CONTENT THAT PEOPLE INCENTIVE TO SHARE. WILL HAVE AN
  59. 59. #1 REAL ESTATE BOOK ON AMAZON ONLY $2.99
  60. 60. 3. VISUAL CONTENT EXPLODES
  61. 61. — @garyvee
  62. 62. Not just for selfies & recipes!
  63. 63. WHY IS VISUAL CONTENT IMPORTANT?
  64. 64. 90%OF INFORMATION TRANSMITTED TO THE BRAIN IS VISUAL, AND VISUALS ARE PROCESSED 60,000XFASTER IN THE BRAIN THAN TEXT. Sources: 3M Corporation and Zabisco
  65. 65. 40%OF PEOPLE WILL RESPOND BETTER TO VISUAL INFORMATION THAN PLAIN TEXT. Source: Zabisco
  66. 66. VISUAL STORIES HELP PEOPLE IDENTIFY WITH YOUR ORGANIZATION.
  67. 67. A VISUAL DISCOVERY TOOL (GUIDE TO LIFE)
  68. 68. 1. Meet The Team 2. Floor Plans 3. Resident Events 4. Resident Reviews 5. Lifestyle Content 6. Local 7. Staging Models 8. Videos 9. Expert Advice 10.Marketing Ideas 10 PINTEREST IDEAS
  69. 69. CHECKLISTS & INFOGRAPHICS 24.3KSOCIAL ENGAGEMENTS 4,697UNIQUE VISITORS 6,502 PAGE VIEWS
  70. 70. Source: Adobe SiteCatalyst WALKING DEAD ALIGN WITH A TV EVENT 3.1KSOCIAL ENGAGEMENTS 6,888UNIQUE VISITORS 10,296 PAGE VIEWS
  71. 71. A SIMPLE WAY TO VISUALLY TELL YOUR STORY
  72. 72. 1. Amenities 2. Specials 3. Resident Events 4. Lifestyle 5. Happy Residents 6. Company Culture 7. Behind The Scenes 8. Local 9. Sneak Peeks 10.Meet The Team 10 INSTAGRAM IDEAS
  73. 73. HASHTAG
  74. 74. RUN AN INSTAGRAM CONTEST
  75. 75. INSTAGRAM TAKEOVERS
  76. 76. FACEBOOK REACTIONS
  77. 77. •Questions are an easy way to increase fan engagement on Facebook •Types of questions: Fill in the blank, yes/ no, either/or, “like/ comment if” •Posts including action words such as “Post,” “Comment,” “Take,” “Submit,” “Like” & “Tell Us” prove to gain more engagement INCLUDE A CTA
  78. 78. •Posts with 80 characters or less get 66% more engagement •Pair text with a powerful image LESS IS MORE
  79. 79. RECIPES ~ PETS ~ DECOR ~ LOCAL
  80. 80. Prepare for especially busy days by scheduling your Facebook updates in advance. SCHEDULE YOUR POSTS
  81. 81. INTEGRATE INSTAGRAM
  82. 82. FACEBOOK ADS
  83. 83. INFOGRAPHICS
  84. 84. CANVA
  85. 85. PHONTO RHONNA DESIGNS PIC FRAME FLIPAGRAMPICMONKEY INFOGR.AMCANVA PICTOCHART FREE & LOW-COST EDITING & DESIGN TOOLS
  86. 86. LIVE STREAMING VIDEO
  87. 87. 40yearsof live streamed footage is watched every day by 10 million Periscope users Periscope, August 2015
  88. 88. PERISCOPE
  89. 89. • #1 in the App Store. • 400 million snaps per day. • Stories last 24 hours & 10 second snap limit. • Video/audio calling & chat messaging. Snapchat
  90. 90. Casey Van Zant blah blah LIVE
  91. 91. LIVE 145M VIEWS
  92. 92. 4. EMPLOYEE & FAN ADVOCACY
  93. 93. WHAT IS ONE OF THE BIGGEST CHALLENGES WE HAVE TODAY?
  94. 94. CONTENT
  95. 95. CONTENT IS KING
  96. 96. HOW DO WE SOLVE THIS CHALLENGE?
  97. 97. CONTESTS
  98. 98. CONTESTS IS KING
  99. 99. CONTESTS CONTENT=
  100. 100. EMPLOYEE ACTIVATION Your employees have a vested interest in your company’s success. They will be your most committed and enthusiastic ambassadors. Providing them the opportunity and support to be visible spokespeople on behalf of your brand drives employee engagement, inspires collaboration and improves customer experiences. “ ”- Susan Emerick, IBM
  101. 101. CONTENT - A -THON 255 STATUS UPDATES 30+ BLOG TOPIC IDEAS
  102. 102. The Power of Pinterest 2,202 PHOTOS RUN A CONTEST Crowdsource content from employees and residents.
  103. 103. DESUMMER FUN
  104. 104. CONTESTSARE THE GIFT THAT KEEPS ON GIVING
  105. 105. CROWDSOURCED ADS
  106. 106. #ForRentLife
  107. 107. WIN WIN
  108. 108. 9 WINNING METHODS BEFORE CONTEST 1. Set Goals 2. Define Contest 3. Concepting 4. Plan Promotion 5. Select a Prize DURING CONTEST 6. Seed and Promote 7. Manage AFTER CONTEST 8. Crown 9. Measure
  109. 109. YOURFANS BECOME YOUR... CONTENT CREATORS
  110. 110. NEARLY 7,000PHOTOS, 200+VIDEOS, 900PINTEREST BOARDS &THOUSANDSOF NEW CONTENT CONTRIBUTORS
  111. 111. CONTESTS CONTENT=
  112. 112. TRENDS 1. REPUTATION MATTERS 2. CREATING YOUTILITY 3. VISUAL CONTENT EXPLODES 4. EMPLOYEE & FAN ADVOCACY
  113. 113. TAKEAWAYS
  114. 114. TAKEAWAYS Reputation is an asset and must be managed like other assets. We are all now media companies and need to think like journalists. We need to dedicate resources to creating visuals, micro-videos and collecting stories. The only constant is change. 1 2 3 4
  115. 115. @EricaCampbell +EricaCampbellByrum /EricaCampbellByrum /EricaCampbellByrum /EricaCByrum /EricaCampbellByrum

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