The Social Currency of Social Media by @JoeyShepp

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By Joey Shepp The Social Currency of Social Media

description

A presentation at the LOHAS Forum 2010 on how social media provides many values beyond marking ROI and how engagement is the basis for a new social currency.

Transcript of The Social Currency of Social Media by @JoeyShepp

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By Joey Shepp

The Social Currency of Social Media

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JoeyShepp.com

• Reconciling Ecology + Technology

• Technology Therapist

• Futurist

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• Website Design and Development, Social Media Marketing, and Branding

• Located in the EcoTown of Fairfax, north of San Francisco

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Social Media is BigLatest Stats

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Wide Spread Adoption

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International Growth

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Breaking Records

• World Cup USA Win second most Internet Traffic Day in history

• NBA Finals: 3,000 Tweets per second

• YouTube: 24 hours uploaded every minute

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The New Marketing Landscape

• Earned Media (PR)

• Owned Media (Website)

• Advertising (Paid)

• Social Media (Community)

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Measuring Social Media ROI

• Direct(sales/lead gen)

• Baseline: 6-12 month process

• Brand Sentiment

• Engagements

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Engagement as the basis forSocial Currency

• Responding

• Engagement / Participation

• Sharing / Thanking

• User Generated Content

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The Many Value Streamsof Social Media

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Give your Brand Away to your Customers

Brand Value

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Stabilize Brand Value

Most Volatile Asset

Sentiment Analysis

Affects Stock Prices

Case Study

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Direct SalesDeliver Value Directly to Customers

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E-commerce is Trackable

Referral Source

Conversation Rate

Case Study

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Lead GenerationProduce Content that Inspires Curiosity to Learn More

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Solar Installation Lead GenerationCase Study

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Special OffersMake your customer community feel special.

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$3 million in sales in 2 years / Cost: the salary of one employee.

Dell Outlet Twitter

Case Study

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Customer SupportResponding and fixing problems creates loyal customers

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Dedicated Twitter Account for Customer Support

Comcast Cares

Case Study

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Crowd Sourcing InnovationDraw innovation from your customer community.

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Starbucks Sponsors EcoCup contest

Case Study

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CSR CommunicationsTell your company’s responsibility story every day

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Seventh Generation

CRS Innovation

Open Feedback

Contests for Innovation

Case Study

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Environmental ImpactSocial Media is Good for the Environment

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Social Media is Sustainable

Reduced Travel

Many to Many Communications

Reduced Paper Use

Energy Use???

Case Study:

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Social GoodUse Social Media to Deliver Social Good

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Million Baby Crawl

• Seventh Generation

• Consumer Activism Campaign

• Toxic Chemical Policy Reform

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Sustainable Business is Perfect for Social Media

• Openness

• Transparency

• Authenticity

• Full Disclosure

In Summary

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Stay HumanReminder: