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Welcome to SCORE, Los Angeles400 Chapters nationwideOver 11,000 VolunteersActive & Retired Entrepreneurs and ExecutivesServing over 360,000 Clients
SCORE®Counselors to America’s Small
Businesses
Our Mission
To provide professional guidance and information to maximize the success of America’s existing and emerging small businesses.
We create Success Stories…
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Please hold all the questions till the end when we’ll do an open Q & A session for all your questions.
“Social Media is a bit like teen sex. Everyone wants to do it. Nobody knows how. Avinash Kaushlik, Analytics Evangelist, Google.
The importance of
Social Media for small business and why your grandparents are probably better positioned to be successful with it than we are!
Covering Today.
Social Media describes a new set of internet tools that enable shared COMMUNITY EXPERIENCES, both online and in person.
WHAT IS SOCIAL MEDIA?
Word of mouth marketing on Steroids.
Social Media is not a fad, It’s a
fundamental shift in the way we communicate.
Poll ...
• How many of you are on Facebook?
• How many on Twitter?
• How many are using Facebook or Twitter for Business?
A Quick Journey Through Time …
1990’s – 2007: Hot Successful Economy
Putting Social Media Into Perspective
1990’s – 2007
1990’s – 2007
1990’s – 2007
1990’s – 2007
People spending beyond their means
fast money and Instant gratification
One touch relationships
Wham, Bam, Thank You Madam Economy.
1990’s – 2007
Early 1900’s
Early 1900’s
Everyone worked in small tight knit communities
Early 1900’s
Trust and word of mouth meant everything
Early 1900’s
Building relationships and customer service was the #1 priority
People worked hard, long hours.
If you did a bad job everyone knew about it
If you did a great job everyone knew about it.
Dazed and Confused
Wondering what’s next?
Last 3 Years
The Point Is! ...
Old fashioned Customer Service
?
Push Marketing
Now Today, 2011
Just do it!
Poll ...
How many of you have used search.twitter.com?
Local Dog Walking Business ...
Listen & Engage
www.search.twitter.com
Advanced
Keywords
Location
Hey @djangievee did you hear about the new dog park in SantaMonica? It’s amazing, here’s the info … goo.gl/atFqE
Pediatric Dentist
Hey @MrPajitnov check out this great video on howto clean your baby's teeth! goo.gl/LVdyv
Set Goals, Track ROI
10 Engagements a day (20 minutes)
50 (5 days a week x 4 = Month )
200 Engagements a Month
20% (conversion rate)
40 Mth
10% Turn into Clients = 4 New Clients a Month
4 x 5,000 = $20,000
ListenOffer great help/advice, don’t over sell!!Re-Tweet useful informationAdd some humor Be consistent, it’s a marathon not a sprint.
Twitter Etiquette
www.tweetdeck.com
1% of Face Book Traffic
“Both Google & Bing have confirmed that social signals impact rankings”
www.searchenginewatch.com
SEO & Social Media
https://developers.facebook.com/docs/plugins/
#1 – There’s No ROI
#2 – Social Media is Still Too Young
#3 – We Need To Control Our Message
Overcoming Objections
You can’t really put a $ amount on customer caring.
#1 There’s No ROI
July 2009 Amazon buys Zappos for $1.2 Billion. A buy not based on the numbers but on their caring and customer service driven model.
#1 There’s No ROI (cont.)
$22,700,000 x $3 = $68 Million
#1 There’s No ROI (cont.)
No exact number but In my experience and in those that I’ve studied right now you can expect
about $3 - $4 ROI on each social member per year.
* Not official Numbers, estimates only
• Consumers trust consumers more than they trust traditional advertising.
75% more likely to buy from a referral than a traditional ad.
#2 – Social Media is still too young
• FB – 650,000,000• YouTube – Watch 100,000,000 per
day• LinkedIn – 100,000,000• Twitter – 75,000,000
Stats courtesy of www.econsultancy.com
1980’s – 1990’s Zagat was it!!!
2004 – Yelp is formed2007 – Yelp reports 5 Million Unique
Visits 2008 – Zagat try’s to sell for $200
million (no takers) Aug 2009 – Yelp reports over 25
million unique visitors Dec 2009 – Yelp turns down $550
Million Dollar offer from Google and a $700 Million Dollar Offer from Microsoft.
Dec 2010 – Zagat get’s back in the game
#2 – Social Media is still too young (cont.)
V’s
What if someone says something bad about us?
#3 - We need to control our message
So What!
#3 - We need to control our message (cont.)
You can’t control your message . . .
#3 - We need to control our message (cont.)
Statistics
Statistics (con’t)
Who Social Media works BEST for:
Who Social Media DOESN’T Work Well For:
Books
www.wefollow.comwww.mashable.com www.socialmediaexaminer.com
Webinars … www.internetmarketingclub.orgwww.hubspot.com/marketing-webinars/
People to follow …
Follow Me! @seo_kiwi
The Companies that understand how to genuinely connect with their customers, online and offline, are the ones that will emerge over the next 24-36 months, putting significant distance
between themselves and their competition.
Gary Vaynerchuck
Quotes
Marketing is about to get a whole lot harder. You’re really going to have to work at it and show you care.
It’s a marathon not a sprint.
Social Media takes time not money.
Final Thoughts . . .
WorkshopsOffering ongoing workshops including;
Starting Your Own BusinessCreating a Successful Business PlanFinancing Your BusinessMarketingFranchisingInternet Marketing & Social MediaPromoting and Protecting Your InventionAnd Others
Check out our Workshop Schedule at SCORELA.ORG
ServicesFace-to-face counseling at no chargeEmail counseling at no chargeBusiness workshops - nominal costWebsite resources at www.scorela.orgFree presentations from highly successful
entrepreneurs
Thank you for coming