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How to build a social media strategy? Sean Singleton
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Social Commerce Workshop: How to build a strategy Building a business case Common mistakes How do we avoid them Tips & Trends Summary
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Social Commerce
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Social Media on E Commerce Platforms
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E Commerce on Social Platforms
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6 Social Media Tools
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Facebook commerce is selling to FANS not consumers
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It can be selling ON Facebook or selling WITH Facebook
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Use F Commerce for retail events
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Experiment and explore opportunities to learn from your fans
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This is a workshop!
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Building a business case
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Social Networks are the Most Popular Activity Online
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1 in 5 online minutes spent on SN, Up from 6% in 2007 Source: comScore Media Matrix, Worldwide, March 2007 – October 2011, “It’s a Social World,” Dec 21 2011It’s a Social World Social Networks are the Most Popular Activity Online EC
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The Social Media Universe is expanding
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The Social Media Universe is Expanding 15MM+ users 135MM+ users 51MM+ users 15MM+ users 62MM+ users 232MM+ monthly active users 115MM+ subscribers 20MM+ blogs 6MM+ users 800 MM+ monthly active users 230MM+ users 2MM+ users 500K+ users 800MM+ monthly users visit site More people on more social networks than ever before Source: Official and Estimated statistics. Facebook, YouTube, Zynga, Twitter, LinkedIn, Groupon, Flickr, Tumblr, Instagram, Foursquare, Pinterest, scvngr, Path, Google+ SlashGear, TechCrunch / Comscore, FastCompany, Oink: TechCrunch, GetGlue, Foodspotting: Soraya Darabi’s LinkedInFlickrSlashGearTechCrunch / ComscoreFastCompanyTechCrunchGetGlue: Soraya Darabi’s LinkedIn 100K+ users 2MM+ users 1.5MM+ users EC
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Social Networks Now Reach 82% of the World’s Internet Population
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That’s 1.2 billion people Social Networks Now Reach 82% of the World’s Internet Population Source: comScore Media Matrix, Worldwide, March 2007 – October 2011, “It’s a Social World,” Dec 21 2011It’s a Social World EC
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Social Networking is growing in every single country
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Total time spent on all regions grew by 35%+ in 2011 Social Networking is Growing in Every Single Country Source: comScore Media Matrix, Worldwide, March 2007 – October 2011, “It’s a Social World,” Dec 21 2011It’s a Social World EC
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Google + is growing fastest than other social network
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Google+ is Growing Faster Than Other Social Networks 67 million people have visited Google+ Source: Comscore Source: Leon Haland, Google+ calculations by Paul Allen, comScore, MySpace, Twitter, Facebook, LinkedIn Time to reach 50 million users (estimate) EC
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The web is a massive part of our lives. And social media accounts for significant portion of web usage
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The conversation is already happening.
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Opportunity to gain an competitive advantage.
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Helps drive growth.
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It is now a must-have for corporate marketing.
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Improve your search rankings
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What are the most common mistakes ?
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Rush to action without a plan
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Hasty decisions & knee jerk reactions Tactical approach Focus on wrong objectives or platforms Failing to understand requirements & resources
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Measurement.
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Defined and measurable objectives Metrics that tie into those objectives Tools & knowledge for tracking metrics Ability to translate online actions to business results
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Content Needs to be engaging
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Content Needs to be engaging
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Content Needs to be engaging Require planning Require approval Often not given proper consideration
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Failure to Engage
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Engagement hurdles Social Media is about listening & interacting
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Limited Reach
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Social Media only really works with large (ish) audience Process of building a network is often overlooked Without reach, there is no ROI
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How to avoid the most common mistakes?
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Goals
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Platforms
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Engagement
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Reach: How will you promote your programme
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Resources
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What is needed? What will it cost? People, process, assets, tools, etc
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Metrics
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Tips & Resources
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Learn
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Learn with monitoring tools 80
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Paid services provide monitoring 81 From Radian 6 Other providers BrandWatch Buzzmetrics Cymfony Dow Jones Scout Labs Techrigy/Alterian Visible Technologies
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If objective awareness then focus on: web traffic web traffic referrals search volume trends followers, fans, friends social mentions share of voice
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If objective sales then focus on: web traffic time spent on site bounce rate content acceptance rate followers, fans, friends social mentions share of voice social connectivity within sales funnel
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If objective loyalty then focus on: time spent on site repeat visits content acceptance rate followers, fans, friends repeat social mentions share of voice recommendations & ratings social connectivity within sales funnel customer service metrics net promoter score
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Focus relationships not technologies Transactional Occasional Impersonal Short-term Passionate Constant Intimate Loyal
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Summary
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Mulţumesc! seansingleton66@gmail.com @paulpingles
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