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Where	
  Social	
  Media	
  and	
  	
  
Tradi0onal	
  Marke0ng	
  Intersect	
  	
  
   Modern	
  Marke0ng	
  for	
  CPAs	
  


          By	
  Michelle	
  Golden	
  
Today. 	
  	
  

•  WHAT	
  
   •  What	
  is	
  this?	
  
   •  What	
  has	
  changed?	
  
•  WHY	
  
   •  Why	
  do	
  this	
  stuff?	
  
   •  Why	
  does	
  it	
  maDer?	
  
•  HOW	
  
   •  How	
  do	
  we	
  begin	
  prac0cal	
  applica0on?	
  
   •  How	
  do	
  we	
  manage	
  concerns?	
  
WHAT	
  ARE	
  	
  
	
  	
  	
  	
  SOCIAL	
  MEDIA?	
  
Image:	
  ironrodart	
  (flickr)	
  




A	
  con(nually	
  changing	
  set	
  of	
  tools	
  	
  
and	
  their	
  users(!)	
  that	
  facilitate	
  informa(on	
  
sharing	
  and	
  rela(onships.	
  Online.	
  
Image:	
  thomaschung	
  (flickr)	
  
Effec0ve	
  online	
  presence	
  means:	
  

•    You’re	
  findable	
  
•    Illustrates	
  your	
  uniqueness	
  &	
  character	
  
•    Supports	
  your	
  claims	
  of	
  exper0se	
  
•    Demonstrates	
  you’re	
  a	
  thinker	
  &	
  up-­‐to-­‐date	
  
•    Conveys	
  you’re	
  accessible	
  
•    From	
  stodgy	
  back	
  to	
  “grassroots”	
  marke0ng	
  
What’s	
  content	
  marke0ng?	
  




                                     Image:	
  iang	
  (flickr)	
  
Social	
  Media	
  	
  

                                1.  Engagement	
  
                                2.  Self-­‐publishing	
  

                                •  Can	
  just	
  engage	
  
                                •  Can	
  just	
  publish	
  
                                •  But	
  publishing	
  w/out	
  
                                   engaging	
  is	
  merely	
  
                                   passive	
  marke0ng	
  
goldenprac0ces.com	
                                                8	
  
Pick	
  Your	
  Purpose	
  

1.  Business	
  development	
  
    •    Build/strengthen	
  business	
  rela0onships	
  
    •    Interact,	
  share	
  
    •    Credibility	
  
    •    Build	
  team,	
  recrui0ng	
  
2.  Customer	
  service/reputa0on	
  enhancement	
  
    •  Create	
  proac0ve	
  fan	
  base	
  
    •  Monitor	
  
    •  Make	
  problems	
  right	
  
3.  Just	
  to	
  learn	
  (passive,	
  but	
  OK	
  place	
  to	
  start)	
  
WHAT’S	
  CHANGED?	
  
Personal	
  >	
  Corporate	
  >	
  Personal	
  



1977	
                                                       1999	
  
Purpose?	
  
Purpose?	
  
WHAT	
  HASN’T	
  CHANGED?	
  
Visibility	
  +	
  Credibility	
  =	
  KEY	
  




                       NOT	
  A	
  NEW	
  FORMULA,	
  
                       	
  	
  	
  THIS	
  IS	
  CLASSIC	
  MARKETING	
  
Personal	
  Marke0ng	
  Plans	
  
Innova(on	
  (new	
  solu0ons/	
                                                                    Expecta(on	
  Management	
  
  products,	
  dev	
  processes,	
                                                                  Conversa(ons/Listening	
  
  improve	
  effec0veness)	
                                                                         Debriefs	
  (BARs/AARs)	
  
Con(nuing	
  Ed	
  (new,	
                                                                          Delega(on	
  
  advanced)	
                                     Skill/Svc	
               Current	
               Face	
  Time	
  
Apply	
  Industry	
  Knowledge	
                    Dev	
                   Clients	
               Industry/Org	
  Par(cipa(on	
  
  (id	
  KPIs/sector,	
  studies,	
                                                                 Succession/Transi(on	
  
  surveys)	
                                                                                        Service	
  Grid	
  



Worthiness	
  of	
  Trust	
  	
            Credibility	
                               COIs	
  
  (behavior,	
  impression,	
                                                                       Conversa(ons/Listening	
  
  respectable	
  ext/int)	
                                                                         Clarify	
  Messages	
  (educate)	
  
Competence	
  	
                                                                                    Face	
  Time/Follow-­‐up	
  
  (write,	
  speak,	
  lead)	
                                                                      Reciprocity/Reward	
  (track)	
  
Capability	
  Evidence	
  	
                                   New	
  Biz	
                         Target	
  
  (case	
  studies,	
  
  tes0monials,	
  
  representa0ve	
  clients,)	
  
Involvement	
  	
  
  (visible	
  in	
  core	
  markets)	
              ID/Study/Refine	
  
                                                    Conversa(ons/Listening	
  
                                                    Face	
  Time/Follow-­‐up	
  
                                                    Demonstrate	
  Relevance,	
  Credibility,	
  
                                                    Trustworthiness	
  
   goldenprac0ces.com	
                                                                                                        16	
  
Personal	
  Marke0ng	
  Plans	
  
Innova(on	
  (new	
  solu0ons/	
                                                                    Expecta(on	
  Management	
  
  products,	
  dev	
  processes,	
                                                                  Conversa(ons/Listening	
  
  improve	
  effec0veness)	
                                                                         Debriefs	
  (BARs/AARs)	
  
Con(nuing	
  Ed	
  (new,	
                                                                          Delega(on	
  
  advanced)	
                                     Skill/Svc	
               Current	
               Face	
  Time	
  
Apply	
  Industry	
  Knowledge	
                    Dev	
                   Clients	
               Industry/Org	
  Par(cipa(on	
  
  (id	
  KPIs/sector,	
  studies,	
                                                                 Succession/Transi(on	
  
  surveys)	
                                                                                        Service	
  Grid	
  



Worthiness	
  of	
  Trust	
  	
            Credibility	
                               COIs	
  
  (behavior,	
  impression,	
                                                                       Conversa(ons/Listening	
  
  respectable	
  ext/int)	
                                                                         Clarify	
  Messages	
  (educate)	
  
Competence	
  	
                                                                                    Face	
  Time/Follow-­‐up	
  
  (write,	
  speak,	
  lead)	
                                                                      Reciprocity/Reward	
  (track)	
  
Capability	
  Evidence	
  	
                                   New	
  Biz	
                         Target	
  
  (case	
  studies,	
  
  tes0monials,	
  
  representa0ve	
  clients,)	
  
Involvement	
  	
  
  (visible	
  in	
  core	
  markets)	
              ID/Study/Refine	
  
                                                    Conversa(ons/Listening	
  
                                                    Face	
  Time/Follow-­‐up	
  
                                                    Demonstrate	
  Relevance,	
  Credibility,	
  
                                                    Trustworthiness	
  
   goldenprac0ces.com	
                                                                                                        17	
  
Levels	
  of	
  Marke0ng	
  



                                                         Engaged	
  	
  
    LEADS	
  

                                        Present	
  


                         Passive	
  

                                       INVOLVEMENT	
  
goldenprac0ces.com	
                                                       18	
  
WHY	
  DEAL	
  WITH	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  SOCIAL	
  MEDIA?	
  

          	
  WHY	
  DOES	
  IT	
  MATTER?	
  	
  
Image:	
  fuzzyscalyman	
  (flickr)	
  
Integrated	
  marke0ng.	
  
Overlay.	
  	
  
                                                                                                                                                                                                                                                                                         Begin	
  
New	
  Sales	
  	
  
Per	
  Month	
                                                                                                                                                                                                                                                                          Twee0ng	
  
                                                                                                                                                 Integrate	
                                                                    Launch	
  
                                                                                                                                               website	
  into	
  	
                                                         Facebook	
  Page	
  
                                                                                                                                               all	
  marke0ng	
  

                                                                                                                                                                                                    Launch	
  new	
  
                                                                                                                                                                                                      website	
  

                                                                                                                            Teach	
  team	
  
                                                                                                                             about	
  SM	
  


                                                                                    Begin	
  SEO	
  




                       	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  2003	
  	
  	
  	
  	
  	
  	
  	
  	
  2004	
  	
  	
  	
  	
  	
  	
  2005	
  	
  	
  	
  	
  	
  	
  	
  2006	
  	
  	
  	
  	
  	
  	
  	
  2007	
  	
  	
  	
  	
  	
  	
  	
  2008	
  	
  	
  	
  	
  	
  	
  2009	
  	
  
HOW	
  DO	
  YOU	
  IMPLEMENT?	
  
image:	
  niclindh	
  (flickr)	
  
Or	
  Alltop.	
  
Google	
  Reader.	
  
Get	
  Found.	
  

•     LinkedIn	
  profile	
  (solid)	
  
•     Google	
  profile	
  (claim)	
  
•     Bio	
  on	
  your	
  website?	
  
•     TwiDer?	
  	
  
•     Facebook?	
  



When	
  they	
  find	
  you,	
  what	
  do	
  people	
  see?	
  
©	
  2010	
  Golden	
  Prac0ces	
  Inc	
  
Image:	
  lydiaboote	
  (flickr)	
  
Why	
  posi0on	
  a	
  specialty?	
  

1.  Stand	
  apart	
  	
  
          more	
  appealing	
  +	
  easier	
  to	
  find	
  +	
  compelling	
  to	
  	
  
          buy	
  from	
  =	
  higher	
  close	
  rate	
  	
  
2.  Develop	
  ‘GO-­‐TO’	
  status	
  
          step	
  to	
  front	
  of	
  line	
  for	
  quality	
  referrals	
  &	
  publicity	
  
          opportuni(es	
  
3.  People	
  pay	
  more	
  for	
  specialists	
  
4.  ADract	
  recruits	
  to	
  a	
  solid	
  clientele	
  
5.  Create	
  a	
  more	
  valuable	
  prac0ce	
  

©	
  2010	
  Golden	
  Prac0ces	
  Inc	
                                                           29
Build	
  YOUR	
  house	
  
File	
  Sharing	
  Sites	
  -­‐	
  Slideshare	
  
Subscrip0ons:	
  goldenm	
  
File	
  Sharing	
  Sites:	
  YouTube	
  
Subscrip0ons:	
  cpatrendlines	
  
Which	
  tool	
  for	
  what?	
  




   hDp://www.slideshare.net/goldenm/comparing-­‐social-­‐media-­‐tools	
  
LI	
  for	
  research	
  &	
  mee0ng	
  prep.	
  

•  Search	
  prospects	
  &	
  referral	
  sources	
  
   •  Load	
  up	
  and	
  look	
  up!	
  
   •  Ask	
  mutual	
  contact	
  for	
  recommenda0on	
  or	
  introduc0on	
  
   •  Spot	
  employees	
  with	
  #	
  contacts	
  (sign	
  helpful)	
  
•  Study	
  compe00on	
  
   •  Do	
  they	
  link	
  to	
  your	
  customers?	
  
   •  Where	
  do	
  they	
  hang?	
  
•  Research	
  customers	
  

                                                                                  35	
  
Who’s	
  Cut	
  Out	
  
                                                                                 	
  for	
  Blogging?	
  




                                             hDp://www.slideshare.net/goldenm/anatomy-­‐blog	
  
                                             hDp://www.slideshare.net/goldenm/new-­‐blog-­‐process-­‐chart	
  

©	
  2011	
  Golden	
  Prac0ces	
  Inc	
                                                                         36	
  
Blog	
  Fodder	
  

•  Outbound	
  emails	
  
•  Search:	
  TwiDer,	
  YouTube,	
  Slideshare,	
  other	
  
•  Skim	
  Feeds	
  (Google	
  Reader,	
  Stumble	
  Upon,	
  
   TwiDer	
  –	
  Flipboard)	
  
•  Feature	
  guests:	
  clients,	
  referral	
  sources,	
  
   prospects	
  (ScoD	
  H),	
  academics,	
  industry	
  gurus,	
  
   media	
  commentators	
  &	
  journalists,	
  other	
  
   bloggers	
  or	
  would-­‐be	
  bloggers	
  w/no	
  plavorm	
  
   yet	
  
Presen0ng	
  yourself.	
  
•  People	
  are	
  ALWAYS	
  beDer	
  than	
  logos	
  
   •  E.g.	
  TwiDer:	
  other	
  than	
  for	
  marke0ng	
  or	
  
      cust	
  svc	
  rep,	
  all	
  CPAs	
  s/tweet	
  under	
  their	
  
      own	
  name	
  
•  Humanize	
  yourselves	
                               cpa	
  
   because	
  it’s	
  “grassroots”	
  



                               photo	
  
Friends	
  &	
  followers.	
  

•    Peers,	
  colleagues	
  
•    Industry	
  experts,	
  associa0on	
  reps	
  
•    Local	
  and	
  na0onal	
  media	
  
•    Thought	
  leaders	
  
•    Customers	
  
•    Strangers	
  who	
  ask	
  
Dos	
  and	
  Don’ts.	
  
•  Be	
  conversa0onal	
  &	
  friendly	
  
•  Be	
  authen0c	
  &	
  truthful—even	
  fallible!	
  (creates	
  trust)	
  
•  Add	
  value,	
  don’t	
  just	
  make	
  noise	
  
•  Promote	
  (men0on,	
  praise)	
  others,	
  don’t	
  talk	
  much	
  
   about	
  you	
  or	
  your	
  firm	
  (spam)	
  
•  Remember	
  your	
  purpose—probably	
  connec0on	
  and	
  
   impression	
  



©	
  2010	
  Golden	
  Prac0ces	
  Inc	
                                    40	
  
                                                                            40
Policy	
  components	
  

•  Liability disclaimers*
•  General communications/behavior*

•  Internet & email policies*

•  Specific social media tool policies
When	
  SM	
  works.	
  

•  Grassroots	
  marke0ng	
  builds	
  rela0onships	
  
•  Expect	
  lead	
  results	
  only	
  when	
  engaged	
  
•  Be	
  a	
  reliable,	
  credible	
  source	
  
•  People	
  do	
  more	
  business	
  w/people	
  	
  
   they	
  know,	
  like	
  &	
  trust	
  
•  Have	
  content	
  strategies	
  to	
  keep	
  it	
  alive!	
  



                                                                     42	
  
More	
  Info:	
  
slideshare.net/goldenm	
  


michelle@goldenprac0ces.com	
  
goldenprac0cesinc.com	
  
goldenprac0ces.com	
  (blog)	
  
@michellegolden	
  (twiDer)	
  

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Where Social Media and Traditional Marketing Intersect

  • 1. Where  Social  Media  and     Tradi0onal  Marke0ng  Intersect     Modern  Marke0ng  for  CPAs   By  Michelle  Golden  
  • 2. Today.     •  WHAT   •  What  is  this?   •  What  has  changed?   •  WHY   •  Why  do  this  stuff?   •  Why  does  it  maDer?   •  HOW   •  How  do  we  begin  prac0cal  applica0on?   •  How  do  we  manage  concerns?  
  • 3. WHAT  ARE            SOCIAL  MEDIA?  
  • 4. Image:  ironrodart  (flickr)   A  con(nually  changing  set  of  tools     and  their  users(!)  that  facilitate  informa(on   sharing  and  rela(onships.  Online.  
  • 6. Effec0ve  online  presence  means:   •  You’re  findable   •  Illustrates  your  uniqueness  &  character   •  Supports  your  claims  of  exper0se   •  Demonstrates  you’re  a  thinker  &  up-­‐to-­‐date   •  Conveys  you’re  accessible   •  From  stodgy  back  to  “grassroots”  marke0ng  
  • 7. What’s  content  marke0ng?   Image:  iang  (flickr)  
  • 8. Social  Media     1.  Engagement   2.  Self-­‐publishing   •  Can  just  engage   •  Can  just  publish   •  But  publishing  w/out   engaging  is  merely   passive  marke0ng   goldenprac0ces.com   8  
  • 9. Pick  Your  Purpose   1.  Business  development   •  Build/strengthen  business  rela0onships   •  Interact,  share   •  Credibility   •  Build  team,  recrui0ng   2.  Customer  service/reputa0on  enhancement   •  Create  proac0ve  fan  base   •  Monitor   •  Make  problems  right   3.  Just  to  learn  (passive,  but  OK  place  to  start)  
  • 11. Personal  >  Corporate  >  Personal   1977   1999  
  • 15. Visibility  +  Credibility  =  KEY   NOT  A  NEW  FORMULA,        THIS  IS  CLASSIC  MARKETING  
  • 16. Personal  Marke0ng  Plans   Innova(on  (new  solu0ons/   Expecta(on  Management   products,  dev  processes,   Conversa(ons/Listening   improve  effec0veness)   Debriefs  (BARs/AARs)   Con(nuing  Ed  (new,   Delega(on   advanced)   Skill/Svc   Current   Face  Time   Apply  Industry  Knowledge   Dev   Clients   Industry/Org  Par(cipa(on   (id  KPIs/sector,  studies,   Succession/Transi(on   surveys)   Service  Grid   Worthiness  of  Trust     Credibility   COIs   (behavior,  impression,   Conversa(ons/Listening   respectable  ext/int)   Clarify  Messages  (educate)   Competence     Face  Time/Follow-­‐up   (write,  speak,  lead)   Reciprocity/Reward  (track)   Capability  Evidence     New  Biz   Target   (case  studies,   tes0monials,   representa0ve  clients,)   Involvement     (visible  in  core  markets)   ID/Study/Refine   Conversa(ons/Listening   Face  Time/Follow-­‐up   Demonstrate  Relevance,  Credibility,   Trustworthiness   goldenprac0ces.com   16  
  • 17. Personal  Marke0ng  Plans   Innova(on  (new  solu0ons/   Expecta(on  Management   products,  dev  processes,   Conversa(ons/Listening   improve  effec0veness)   Debriefs  (BARs/AARs)   Con(nuing  Ed  (new,   Delega(on   advanced)   Skill/Svc   Current   Face  Time   Apply  Industry  Knowledge   Dev   Clients   Industry/Org  Par(cipa(on   (id  KPIs/sector,  studies,   Succession/Transi(on   surveys)   Service  Grid   Worthiness  of  Trust     Credibility   COIs   (behavior,  impression,   Conversa(ons/Listening   respectable  ext/int)   Clarify  Messages  (educate)   Competence     Face  Time/Follow-­‐up   (write,  speak,  lead)   Reciprocity/Reward  (track)   Capability  Evidence     New  Biz   Target   (case  studies,   tes0monials,   representa0ve  clients,)   Involvement     (visible  in  core  markets)   ID/Study/Refine   Conversa(ons/Listening   Face  Time/Follow-­‐up   Demonstrate  Relevance,  Credibility,   Trustworthiness   goldenprac0ces.com   17  
  • 18. Levels  of  Marke0ng   Engaged     LEADS   Present   Passive   INVOLVEMENT   goldenprac0ces.com   18  
  • 19. WHY  DEAL  WITH                    SOCIAL  MEDIA?    WHY  DOES  IT  MATTER?    
  • 22. Overlay.     Begin   New  Sales     Per  Month   Twee0ng   Integrate   Launch   website  into     Facebook  Page   all  marke0ng   Launch  new   website   Teach  team   about  SM   Begin  SEO                                2003                  2004              2005                2006                2007                2008              2009    
  • 23. HOW  DO  YOU  IMPLEMENT?  
  • 27. Get  Found.   •  LinkedIn  profile  (solid)   •  Google  profile  (claim)   •  Bio  on  your  website?   •  TwiDer?     •  Facebook?   When  they  find  you,  what  do  people  see?   ©  2010  Golden  Prac0ces  Inc  
  • 29. Why  posi0on  a  specialty?   1.  Stand  apart     more  appealing  +  easier  to  find  +  compelling  to     buy  from  =  higher  close  rate     2.  Develop  ‘GO-­‐TO’  status   step  to  front  of  line  for  quality  referrals  &  publicity   opportuni(es   3.  People  pay  more  for  specialists   4.  ADract  recruits  to  a  solid  clientele   5.  Create  a  more  valuable  prac0ce   ©  2010  Golden  Prac0ces  Inc   29
  • 31. File  Sharing  Sites  -­‐  Slideshare   Subscrip0ons:  goldenm  
  • 32. File  Sharing  Sites:  YouTube   Subscrip0ons:  cpatrendlines  
  • 33. Which  tool  for  what?   hDp://www.slideshare.net/goldenm/comparing-­‐social-­‐media-­‐tools  
  • 34. LI  for  research  &  mee0ng  prep.   •  Search  prospects  &  referral  sources   •  Load  up  and  look  up!   •  Ask  mutual  contact  for  recommenda0on  or  introduc0on   •  Spot  employees  with  #  contacts  (sign  helpful)   •  Study  compe00on   •  Do  they  link  to  your  customers?   •  Where  do  they  hang?   •  Research  customers   35  
  • 35. Who’s  Cut  Out    for  Blogging?   hDp://www.slideshare.net/goldenm/anatomy-­‐blog   hDp://www.slideshare.net/goldenm/new-­‐blog-­‐process-­‐chart   ©  2011  Golden  Prac0ces  Inc   36  
  • 36. Blog  Fodder   •  Outbound  emails   •  Search:  TwiDer,  YouTube,  Slideshare,  other   •  Skim  Feeds  (Google  Reader,  Stumble  Upon,   TwiDer  –  Flipboard)   •  Feature  guests:  clients,  referral  sources,   prospects  (ScoD  H),  academics,  industry  gurus,   media  commentators  &  journalists,  other   bloggers  or  would-­‐be  bloggers  w/no  plavorm   yet  
  • 37. Presen0ng  yourself.   •  People  are  ALWAYS  beDer  than  logos   •  E.g.  TwiDer:  other  than  for  marke0ng  or   cust  svc  rep,  all  CPAs  s/tweet  under  their   own  name   •  Humanize  yourselves   cpa   because  it’s  “grassroots”   photo  
  • 38. Friends  &  followers.   •  Peers,  colleagues   •  Industry  experts,  associa0on  reps   •  Local  and  na0onal  media   •  Thought  leaders   •  Customers   •  Strangers  who  ask  
  • 39. Dos  and  Don’ts.   •  Be  conversa0onal  &  friendly   •  Be  authen0c  &  truthful—even  fallible!  (creates  trust)   •  Add  value,  don’t  just  make  noise   •  Promote  (men0on,  praise)  others,  don’t  talk  much   about  you  or  your  firm  (spam)   •  Remember  your  purpose—probably  connec0on  and   impression   ©  2010  Golden  Prac0ces  Inc   40   40
  • 40. Policy  components   •  Liability disclaimers* •  General communications/behavior* •  Internet & email policies* •  Specific social media tool policies
  • 41. When  SM  works.   •  Grassroots  marke0ng  builds  rela0onships   •  Expect  lead  results  only  when  engaged   •  Be  a  reliable,  credible  source   •  People  do  more  business  w/people     they  know,  like  &  trust   •  Have  content  strategies  to  keep  it  alive!   42  
  • 42. More  Info:   slideshare.net/goldenm   michelle@goldenprac0ces.com   goldenprac0cesinc.com   goldenprac0ces.com  (blog)   @michellegolden  (twiDer)