Tune In To keep your brand afloat.

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Tune in to Keep your Afloat Dr. Suku Sinnappan

description

How Brands should embrace social media. A presentation made during the Dec 2010 Forum on Crime and Legal Issues.

Transcript of Tune In To keep your brand afloat.

Page 1: Tune In To keep your brand afloat.

Tune in to Keep your Afloat

Dr. Suku Sinnappan

Page 2: Tune In To keep your brand afloat.

Digital Revolution

• Digital revolution has changed how customers choose engage with brands

• Convergence of technology and fluidity of content has dramatically changed the nature of how information is produced, consumed and shared.

• web 2.0 + open source + reducing cost of technology = increased customer autonomy

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Brands are owned by customers

• What is brand image– Impression in the consumers' mind of a brand's total

personality– Formed by tangible, imaginary qualities and shortcomings. – Brand image is developed over time through with

consistency and is authenticated through the consumers' direct experience!

– Experience energises a brand

BusinessDictionary.com (2010)

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E2 = experience engineering

Source: http://www.socialstrategy1.com/wp-content/uploads/2010/06/Voice-of-Users.jpg

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Contact points

• Non interactive vs interactive . • Interactive Contact points can influence

customers more than non-interactive. e-Interactive

HomepageWebsites / Banner Ads

iPhone / Smart Phone / PDAsE-books / iPad

TwitterFacebookMySpace

Wiki / Blogs / ForumsPodCast

Other Web 2.0 etc

InteractiveRetail Store

EventsSpot Campaigns

Radioetc

Non-interactiveTV

BillboardsMagazines

Email signatureNewspapers

Catalogueetc

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Losing the grip

• Websites are losing grip as the sole digital voice about a brand or service.

• Customer feedback and involvement are multimodal, diverse and noisy

• 40% or 9 mil Australians communicate via social networks (Nielsen)

Source: http://w

ww

.barbwirem

useum.com

/images/Brand_Collage_b.gif

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Need to Tune in and reach your customer in their own space

Source: http://adsoftheworld.com/media/print/brand_irony_colgate

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When you tune in – you beat the clutter and find your space

before

after

Source: http://live.drjays.com/wp-content/uploads/2010/05/brands.jpg

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Most popular social media websites

Source: http://www.nielsen-online.com/pr/social_media_report-mar10.pdf

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Fastest growing social media activity 2008 to 2009

• source

Source: http://www.nielsen-online.com/pr/social_media_report-mar10.pdf

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Source: http://www.rossdawsonblog.com/Web2_Framework.pdf

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Source: http://www.rossdawsonblog.com/Web2_Framework.pdf

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The

Web

2.0

Com

pila

tion

Source: http://w

ww

.flickr.com/photos/briansolis/2735401175/

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Confusion. The way… the which social media way?

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The right tunning

• Trends are changing – freemium, crowdsourcing, produsage, convergence, customer engagement (hits are no longer valid – Colgate Palmolive)

• Companies who ‘understand’ have done well – Monty Phyton (using YouTube sharing clips)– LEGO (Adult Fans of Lego - AFOL)– Renault (WindRoadster) 12 sec strip (Viral user

participation)– Old Spice (Viral Ad)– etc

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Web 2.0 effect is hard to be calculated.But understood well by the younger

audience

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What needs to be done (1/3)

• Create a context – Objectives must be specific, measurable and

realistic and directly correlate to your organization’s goals

– Effective measurement is not based on a single metric, but rather in a combination of metrics.

– Setting hypothesis is vital. For instance, “increase in blog subscribers over 3 months will correlate with an increase in store visits”

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What needs to be done (2/3)

• Form your goals based on these hypotheses, and measure against them to see if you’re on the right track.

• Measurement has to be taken seriously taken into account.” If you don’t measure anything else, you’re going to struggle to measure social media” (Radian, 2010).

• Have both qualitative and quantitative measurements (different angles of the goals)

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What needs to be done (3/3)

• Quantitative data– Data based and good for analysis

• Qualitative data– Derive goals i.e. “3 out of 10 people echo that our

products are cheap” – 30% approval• ROI metrics– Cost justification. Link up with goals i.e. “link up

with the goals and hypothesis”

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Case study on Telstra & mates (1/8)

• Telco industry is new to Twitter – Telstra, Optus, Vodafone and Virgin Mobile

• Telecommunication industry is a service orientated industry – reliant on healthy brand image, crowdsourcing and customer reviews

• Case study looked at 3 issues– Twitter profile– Customer feedback– Demonstration of dissatisfaction

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Case study on Telstra & mates (1/5)

• @Telstra: 15,727 Tweets; 2,511 Following; 6,442 Followers; 298 Listed

• Managed by a few operators – scott, yoshi, carly, dylan and justin.

• Personalised service makes customers to connect to the person servicing them.

• Customers appreciate customer service on Twitter but not over the phone

• Issues and dissatisfaction – helstra, telstraishell and plenty of customer complaints including sites for abusing telstra.

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Case study on Telstra & mates (2/5)

• @Vodafone_AU: 2,509 Tweets; 846 Following; 6,418 Followers; 216 Listed

• Managed by 2 operators - ^t and ^Z• Customers don’t appreciate customer service

over the phone• Issues and demonstration of dissatisfaction –

none to be seen except for being unhappy with service

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Case study on Telstra & mates (3/5)

• @Optus:18,626 Tweets; 1,327 Following; 7,512 Followers; 241 Listed

• Managed by few operators – dave, andy, holly, robbie, scott and julz

• Customers don’t appreciate customer service over the phone

• Issues and demonstration of dissatisfaction – badoptus and plenty of customer complaints

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Case study on Telstra & mates (4/5)

• @MembersLounge : 2,105 Tweets; 2,230 Following; 2,125 Followers; 75 Listed

• Managed by operator – not disclosed.• Customers don’t appreciate customer service

over the phone• Issues and demonstration of dissatisfaction –

@VirginMobSucks - plenty of comments of unsatisfrtion

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Case study on Telstra & mates (5/5)

• Conclusion– Twitter can be used to sense customers’ position– Telstra is worse performing! This is followed by Optus,

Virgin mobile and Vodafone.– The telco industry as a whole needs to address issues

surrounding their customer service i.e. on the phone – Personalised service is important and increases

customer retention.– Customer voice is transparent and can be addressed

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Questions

f2f or the below?– LinkedIn: http://www.linkedin.com/in/drsuku– Skype: drstudy– Twitter: http://twitter.com/dr_at_work