Integrating social media in Marketing Plan

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MAKING THE SOCIAL MEDIA & MOBILE SOCIAL NETWORKING STRATEGY INTEGRAL TO YOUR MARKETING PLAN Nuttaputch Wognreathong Project Manager Strategic Innovation Business RS Plc. @nuttaputch mkttwit.com appreview.in.th Wednesday, January 19, 2011
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Keynote presented at Social Media & Mobile Marketing Summit 2011 | 18 Jan 2010 - Sheraton Grand Sukhumvit Bangkok

Transcript of Integrating social media in Marketing Plan

Page 1: Integrating social media in Marketing Plan

MAKING THE SOCIAL MEDIA & MOBILE SOCIAL NETWORKING STRATEGY INTEGRAL TO YOUR MARKETING PLAN

Nuttaputch Wognreathong

Project ManagerStrategic Innovation Business

RS Plc.

@nuttaputchmkttwit.com

appreview.in.th

Wednesday, January 19, 2011

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Why Social Media?

What Social Media can do for marketing?

How to use Social Media?

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Why?

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Before you try to know Social Media

know social first

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The importance of being social

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When it comes to...

MEDIAWednesday, January 19, 2011

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The First Age

Uni-Directional

TV, Radio, OOH

1990-1995

The Second Age

Bi-Directional

Interactive

1995-2002

The Third Age

Multi-Directional

Social Media

2002-Present

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Buy Reach

Create Engagement

Traditional Media: The more REACH you buy, the more your campaign can create engagement

Talk to customer

Create Engagement

Win Reach

New Media: The more ENGAGEMENT your platform creates, the more reach you win

Talk with customer

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T THEN THE FUNNEL METAPHORFor years, marketers assumed that consumers started with a large number of potential brands in mind and methodically winnowed their choices until they’d decided which one to buy. After purchase, their relationship with the brand typically focused on the use of the product or service itself.

NOW THE CONSUMER DECISION JOURNEYNew research shows that rather than systematically narrowing their choices, consumers add and subtract brands from a group under consideration during an extended evaluation phase. After purchase, they often enter into an open-ended relationship with the brand, sharing their experience with it online.

Consider & BuyMarketers often overem-phasize the “consider” and

“buy” stages of the journey, allocating more resources than they should to build-ing awareness through advertising and encourag-ing purchase with retail promotions.

Evaluate & AdvocateNew media make the

“evaluate” and “advocate” stages increasingly relevant. Marketing investments that help consumers navigate the evaluation process and then spread positive word of mouth about the brands they choose can be as important as building awareness and driving purchase.

Bond If consumers’ bond with a brand is strong enough, they repurchase it without cycling through the earlier decision-journey stages.

MANY BRANDS

FEWER BRANDS

FINAL CHOICE

BUYBUY

EVALUATE

ENJOYADVOCATE

CONSIDER

BUY

BONDTHE LOYALTY LOOP

THE INTERNET has upended how consumers engage with brands. It is transforming the economics of mar-keting and making obsolete many of the function’s traditional strategies and structures. For marketers, the old way of doing business is unsustainable.

Consider this: Not long ago, a car buyer would methodically pare down the available choices un-til he arrived at the one that best met his criteria. A dealer would reel him in and make the sale. The buyer’s relationship with both the dealer and the manufacturer would typically dissipate after the purchase. But today, consumers are promiscuous in their brand relationships: They connect with myriad brands—through new media channels be-yond the manufacturer’s and the retailer’s control or even knowledge—and evaluate a shifting array of them, often expanding the pool before narrowing it. After a purchase these consumers may remain ag-gressively engaged, publicly promoting or assailing the products they’ve bought, collaborating in the brands’ development, and challenging and shaping their meaning.

Consumers still want a clear brand promise and o!erings they value. What has changed is when—at what touch points—they are most open to in"uence, and how you can interact with them at those points. In the past, marketing strategies that put the lion’s share of resources into building brand awareness and then opening wallets at the point of purchase worked pretty well. But touch points have changed in both number and nature, requiring a major adjust-ment to realign marketers’ strategy and budgets with where consumers are actually spending their time.

Block That MetaphorMarketers have long used the famous funnel meta-phor to think about touch points: Consumers would start at the wide end of the funnel with many brands in mind and narrow them down to a final choice. Companies have traditionally used paid-media push marketing at a few well-de#ned points along the funnel to build awareness, drive consideration, and ultimately inspire purchase. But the metaphor fails to capture the shifting nature of consumer engagement.

In the June 2009 issue of McKinsey Quarterly, my colleague David Court and three coauthors intro-duced a more nuanced view of how consumers en-gage with brands: the “consumer decision journey” (CDJ). They developed their model from a study of the purchase decisions of nearly 20,000 consumers

SPOTLIGHT ON SOCIAL MEDIA AND THE NEW RULES OF BRANDING

64 Harvard Business Review December 2010

worldmagsworldmags

worldmags

source: Harvard Business Review Dec 2010

In Past....

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T THEN THE FUNNEL METAPHORFor years, marketers assumed that consumers started with a large number of potential brands in mind and methodically winnowed their choices until they’d decided which one to buy. After purchase, their relationship with the brand typically focused on the use of the product or service itself.

NOW THE CONSUMER DECISION JOURNEYNew research shows that rather than systematically narrowing their choices, consumers add and subtract brands from a group under consideration during an extended evaluation phase. After purchase, they often enter into an open-ended relationship with the brand, sharing their experience with it online.

Consider & BuyMarketers often overem-phasize the “consider” and

“buy” stages of the journey, allocating more resources than they should to build-ing awareness through advertising and encourag-ing purchase with retail promotions.

Evaluate & AdvocateNew media make the

“evaluate” and “advocate” stages increasingly relevant. Marketing investments that help consumers navigate the evaluation process and then spread positive word of mouth about the brands they choose can be as important as building awareness and driving purchase.

Bond If consumers’ bond with a brand is strong enough, they repurchase it without cycling through the earlier decision-journey stages.

MANY BRANDS

FEWER BRANDS

FINAL CHOICE

BUYBUY

EVALUATE

ENJOYADVOCATE

CONSIDER

BUY

BONDTHE LOYALTY LOOP

THE INTERNET has upended how consumers engage with brands. It is transforming the economics of mar-keting and making obsolete many of the function’s traditional strategies and structures. For marketers, the old way of doing business is unsustainable.

Consider this: Not long ago, a car buyer would methodically pare down the available choices un-til he arrived at the one that best met his criteria. A dealer would reel him in and make the sale. The buyer’s relationship with both the dealer and the manufacturer would typically dissipate after the purchase. But today, consumers are promiscuous in their brand relationships: They connect with myriad brands—through new media channels be-yond the manufacturer’s and the retailer’s control or even knowledge—and evaluate a shifting array of them, often expanding the pool before narrowing it. After a purchase these consumers may remain ag-gressively engaged, publicly promoting or assailing the products they’ve bought, collaborating in the brands’ development, and challenging and shaping their meaning.

Consumers still want a clear brand promise and o!erings they value. What has changed is when—at what touch points—they are most open to in"uence, and how you can interact with them at those points. In the past, marketing strategies that put the lion’s share of resources into building brand awareness and then opening wallets at the point of purchase worked pretty well. But touch points have changed in both number and nature, requiring a major adjust-ment to realign marketers’ strategy and budgets with where consumers are actually spending their time.

Block That MetaphorMarketers have long used the famous funnel meta-phor to think about touch points: Consumers would start at the wide end of the funnel with many brands in mind and narrow them down to a final choice. Companies have traditionally used paid-media push marketing at a few well-de#ned points along the funnel to build awareness, drive consideration, and ultimately inspire purchase. But the metaphor fails to capture the shifting nature of consumer engagement.

In the June 2009 issue of McKinsey Quarterly, my colleague David Court and three coauthors intro-duced a more nuanced view of how consumers en-gage with brands: the “consumer decision journey” (CDJ). They developed their model from a study of the purchase decisions of nearly 20,000 consumers

SPOTLIGHT ON SOCIAL MEDIA AND THE NEW RULES OF BRANDING

64 Harvard Business Review December 2010

worldmagsworldmags

worldmags

source: Harvard Business Review Dec 2010

Present...

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5

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FE

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BA

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Figure 1.1 shows the classic purchase funnel, connected to the Social Web through “digital word-of-mouth” (aka social media). This loop—from expectation to trial to rating to sharing the actual experience—is now a part of most every purchase or conversion process. Whether consumer-facing, B2B, for-profit or nonprofit, people are turning to people like themselves for the information they need to make smart choices. These new sources of information are looked to by consumers for guidance alongside traditional media; advertising and traditional communications are still very much a part of the overall marketing mix. The result is a new vetting that is impact-ing—sometimes positively, sometimes negatively—the efforts of businesses and organi-zations to grow their markets.

CONSIDERATION

MARKETER-GENERATED USER-GENERATED

PURCHASE USE FORM OPINION TALKAWARENESS

Figure 1.1 The Social Feedback Cycle

Open Access to Information

The Social Feedback Cycle is important to understand because it forms the basis of social business. What the social feedback loop really represents is the way in which Internet-based publishing and social technology has connected people around business or business-like activities. This new social connectivity applies between a business and its customers (B2C), between other businesses (B2B), between customers themselves, as is the case in support communities and similar social applications, and just as well between employees.

As such, this more widespread sharing has exposed information more broadly. Information that previously was available to only a selected or privileged class of indi-viduals is now open to all. Say you wanted information about a hotel or vacation rental property: Unless you were lucky enough to have a friend within your personal social circle with specific knowledge applicable to your planned vacation, you had to consult a travel agent and basically accept whatever it was that you were told. Otherwise, you faced a mountain of work doing research yourself rather than hoping blindly for a good

source: Social Media Marketing, Dave Evans

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• People want to be social• They want to share and connect with others with ways

of communication• Engagement & Trust are the key • Social Media is a media designed to be disseminated

through social interaction • Online Technology help it spread faster and easier

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What social media can do for Marketing?

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1. Advertising & Awareness2. Public Relation 3. Customer Relationship Management4. Social Monitoring5. Market Research

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Action!!

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Nature of Social Mediayou will face...

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It’s easy to open a social media account

But it’s not easy to handle the social

Are you ready?Wednesday, January 19, 2011

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WhoseResponsibility?

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Source: Social Business Forecast 2011 - ALTIMETER

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Choose the right media

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Have you ever try?

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identify HOW you customer consume media

not just WHAT media they consume

and select the best one

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Create Guideline

•Character•Language•Type of content to be post•Scheduled content•Receiving Feedback•Monitoring•Etc.

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Tracking & Evaluation

•Friends•Active User•Comments & Mentions•Like•Views•Users•etc.

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1.Set objectives2.Set the team3.Choose the right media4.Create guideline5.Track the score6.Keep evaluation

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IS NOT

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Back to street

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NOT!Wednesday, January 19, 2011

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Lower your guard

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People don’t want to talk with...

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Don’t be too

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If you don’t have voice

ask..

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Disconnect

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Why Mobile Devices?

•People shifts to digital lifestyle•Mobile devices are smarter•Mobile = Media

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1. Know the tools & technology

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2. Stay connected with your network

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3. Put your products in the mobile activity

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4. Or try something out of the box

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Put your brand in front of your customers through their devices

And deliver what people expect from you

Otherwise, they will dislike you

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