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Generating Business Results and Dollars from Social Media Robin Frank Social Media Strategist and CEO, beep beep media

Generating Business Results and Dollars from Social Media

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WIC 2009 Presentation 9/16/09

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Page 1: Generating Business Results and Dollars from Social Media

Generating Business Resultsand Dollars from

Social Media

Robin FrankSocial Media Strategist and CEO, beep beep media

Page 2: Generating Business Results and Dollars from Social Media

Robin Experience

18 years creating email, viral, and loyalty marketing programs, and buildingonline communities with social media

BeepBeep Media Integrate social media throughout an organization Cost-effective social media programs that increase ROI and build broader and

deeper customer engagement

Services offered Social Media Launchpad - up & running & trained in 90 days Social Media Tune-up - improved results & strategic plan

Page 3: Generating Business Results and Dollars from Social Media

Clients Retail/Ecommerce

Gap Outlet and Banana Republic Factory Store Gap Generation Store Launch Gap360 internal social media platform Maison Reve Lightscoop

Cleantech/Greentech Larta Institute Alameda Municipal Power Sierra Club

Banking Barclays Global Investors - iShares

Page 4: Generating Business Results and Dollars from Social Media

My Alter Ego: @GreenRobeen Tips for green living on a budget

Relevant, actionable, entertaining,thought-provoking, environmentallyconscious tweets.

Mashable’s Top 75 GreenTweeters worldwide

Seminars & Articles Cleaning products DIY Plastics guide Personal care DIY Green your school

Page 5: Generating Business Results and Dollars from Social Media

Gap - Outlet Division Gap Outlet and Banana Republic Factory

Store Create online presence (no website) Develop brand differentiation from parent Drive store traffic and sales

Strategy Engage consumers - more than a coupon

channel “Fab Without a Fortune” tip series Pictures of products, weekly pricing

updates Stay within a limited budget Integrate with other online/offline activities Train so they can run with it Virality - keep the conversation flowing

Page 6: Generating Business Results and Dollars from Social Media

Gap Outlet: Twitter and Facebook

Page 7: Generating Business Results and Dollars from Social Media

Gap Outlet Division: Results Customized measurement and analytics report

Financial ROI Sales Transactions Customers

Non Financial indicators Mentions Sentiment Link click-throughs Postings Exposure Virals (retweets, comments, shares) Conversations/engagement

Results Key influencers - virality/retweets/conversations High click-throughs; good response to promos Increase in redemptions: transaction amount, # of transactions

Page 8: Generating Business Results and Dollars from Social Media

Gap Generation: Local StoreLaunches Gap Generation

New store concept For every generation, there’s a Gap Style should be about the individual and

affordable to all

Goals Drive awareness Build brand equity Drive in-store traffic and transactions Local marketing - support store by store

launches on a limited budget

Page 9: Generating Business Results and Dollars from Social Media

Local/Direct Marketing with Twitter

Page 10: Generating Business Results and Dollars from Social Media

Local/Direct Marketing withFacebook Ads Very specific

demographic targeting Age Gender Location Interest

Low cost CPM and CPC

options

Page 11: Generating Business Results and Dollars from Social Media

Coupon: Track Links andRedemptions

Facebook link

Embedded in Tweet

Landing page/email

Page 12: Generating Business Results and Dollars from Social Media

Results Facebook Ads

Very high click-through given ads not driven by user intent Context - not search; FB - 50% log in for at least 20 minutes

Hundreds of thousands to Millions of targeted impressions

Twitter Messages Many conversations/retweets/shout-outs

Coupons Sales lift - healthy Increased redemptions Conversations/retweets

Avenue to engage customers going forward Conversations, community, promos, product development

Page 13: Generating Business Results and Dollars from Social Media

Tools Research

Mashable.com www.mashable.com

SmartBrief: http://www.smartbrief.com/socialmedia/index.jsp?campaign=webIndustries

Grow marketing http://schaefersolutions.blogspot.com/2009/08/major-brands-may-be-reluctant-to.html

Techcrunch www.techcrunch.com

Slideshare - Seminars I have done on Social Media - Coffee Twalk 1-4 http://www.slideshare.net/robeen/presentations

Page 14: Generating Business Results and Dollars from Social Media

Tools

Applications Create your own short-list

See my preso: http://www.slideshare.net/robeen/coffee-twalkthree Learn to use them

Monitoring/measurement Scoutlabs

Desktops - to work with many Twitter accounts Seesmic.net Hootsuite

Page 15: Generating Business Results and Dollars from Social Media

Advice It’s all about your audience

Where do they live online? Go play there Stay focused

Set clear goals, objectives, metrics ALIGN with your marketing objectives

Everyone on board Create an excellent communication strategy

Provide something useful and engaging Measure your results

Then fine-tune your strategy Get an expert

Then run with it yourself

Page 16: Generating Business Results and Dollars from Social Media

What’s Ahead? Space is getting crowded

BUT, there will always be customers who want to HEAR from you, and want tobe HEARD

Consumers will demand higher engagement from brands More useful content, promotions, links, etc.

Brands must give consumers the ability to CHOOSE how they want tointeract Email, Twitter, Facebook, YouTube, etc.

Email is no longer king - rethink your approach to loyalty Customers more likely to fan/follow you than give email Social Media is mega opt-in

Going in-house Building/hiring internal talent

Page 17: Generating Business Results and Dollars from Social Media

Social Media Statistics Because

3 out of 4 Americans use social technology 2/3 of the global internet population visit social networks Visiting social sites is the 4th most popular online activity - ahead of personal email Time spent on social networks accounts for 10% of all internet time and is growing at

3x the overall internet rate 93% of social media users believe a company should have a presence on social

media; 85% believe companies should interact on social media Twitter

Over 50 million unique Twitter visitors worldwide Over 3 million Tweets per day on Twitter.com

Facebook If Facebook were a country - the 8th most populated in the world, just ahead of Japan 5 billion minutes are spent on Facebook every day 1 billion pieces of content are shared each week on Facebook 50% of Facebook users log in each day, and spend an average of 20 minutes

Page 18: Generating Business Results and Dollars from Social Media

Contact

Robin Frank@robeen, @greenrobeen

http://www.linkedin.com/in/[email protected]

415 717 7906