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No Longer a Side Dish - Incorporating Social Media into The Marketing Mix HTCE Mhairi Petrovic October 3rd
Menu Introductions What is Social Media? Case Studies – Metroland and Allan Financial 7 Vital Tips for Social Media   Strategy Pilot Educate Tools Measure Policy Content Recap and Questions
About Mhairi Petrovic ,[object Object]
Internet pioneer
Experience founded in traditional sales and marketing
Passionate about social media and its potential for growing businesses
Focus on simplifying the Internet for businessEducator, blogger, entrepreneur
About Out-SmartsOut-Smarts is a Vancouver B.C. based Internet marketing company specializing in social media.  Internet Strategy Social Network Marketing Blogging For Business Email Marketing Search Engine Marketing and Internet Advertising
What is social media?
Social Media  ,[object Object]
Internet networking hubs.
Social media tools include wikis, blogs, podcasts as well as social networks like Facebook and You Tube.
Tools  and not the panacea.
A component of your marketing or business development strategy.,[object Object]
100 m on Twitter and on LinkedIn
7 billion+ photos on Flickr
24 hours of video uploaded to YouTube every minute
180m+ blogs
77% of active Internet users use blogs
No longer the domain of the youth or techies
Over 35 demographic is the fastest growing
More women than men
Practically EVERYONE!,[object Object]
Build community and loyalty with existing connections
Grow your network – make new connections
Develop relationships
Maintain contact with existing networks
Connect and learn from industry specialists online and peers
To establish your company’s expertise and build brand awareness
Attract attention
To promote your product or service (tastefully and subtly)
Great sales tool that can negate the need to cold call
Improve and enhance customer service
Drive traffic to your  company website or blog,[object Object]
Social Media is not a side dish…
…but it’s not the full meal either.
Social Media is an Ingredient A component that complements your overall strategy A tool that you can use to reach your target audience A new way to communicate, build awareness and grow community Another tool to add to your marketing or communications arsenal It is an ingredient that enhances the flavour of the overall dish
Social Media Can be threatening for established business because it necessitates change.
A New Way to Communicate Old Closed Controlled One Way (Push) Company Focused Formal Slow New Open/Transparent Organic Interactive (Pull) Customer Focused Casual Fast
Like the Grand Bazaar
Some Things Don’t Change. Marketing 101 					Customer 					Company 					Cost 					Communication

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HTCE Social Media Presentation

  • 1. No Longer a Side Dish - Incorporating Social Media into The Marketing Mix HTCE Mhairi Petrovic October 3rd
  • 2. Menu Introductions What is Social Media? Case Studies – Metroland and Allan Financial 7 Vital Tips for Social Media Strategy Pilot Educate Tools Measure Policy Content Recap and Questions
  • 3.
  • 5. Experience founded in traditional sales and marketing
  • 6. Passionate about social media and its potential for growing businesses
  • 7. Focus on simplifying the Internet for businessEducator, blogger, entrepreneur
  • 8. About Out-SmartsOut-Smarts is a Vancouver B.C. based Internet marketing company specializing in social media. Internet Strategy Social Network Marketing Blogging For Business Email Marketing Search Engine Marketing and Internet Advertising
  • 9. What is social media?
  • 10.
  • 12. Social media tools include wikis, blogs, podcasts as well as social networks like Facebook and You Tube.
  • 13. Tools and not the panacea.
  • 14.
  • 15. 100 m on Twitter and on LinkedIn
  • 16. 7 billion+ photos on Flickr
  • 17. 24 hours of video uploaded to YouTube every minute
  • 19. 77% of active Internet users use blogs
  • 20. No longer the domain of the youth or techies
  • 21. Over 35 demographic is the fastest growing
  • 23.
  • 24. Build community and loyalty with existing connections
  • 25. Grow your network – make new connections
  • 27. Maintain contact with existing networks
  • 28. Connect and learn from industry specialists online and peers
  • 29. To establish your company’s expertise and build brand awareness
  • 31. To promote your product or service (tastefully and subtly)
  • 32. Great sales tool that can negate the need to cold call
  • 33. Improve and enhance customer service
  • 34.
  • 35. Social Media is not a side dish…
  • 36. …but it’s not the full meal either.
  • 37. Social Media is an Ingredient A component that complements your overall strategy A tool that you can use to reach your target audience A new way to communicate, build awareness and grow community Another tool to add to your marketing or communications arsenal It is an ingredient that enhances the flavour of the overall dish
  • 38. Social Media Can be threatening for established business because it necessitates change.
  • 39. A New Way to Communicate Old Closed Controlled One Way (Push) Company Focused Formal Slow New Open/Transparent Organic Interactive (Pull) Customer Focused Casual Fast
  • 40. Like the Grand Bazaar
  • 41. Some Things Don’t Change. Marketing 101 Customer Company Cost Communication
  • 42. Case Study – Allan Financial Life Insurance Highly targeted geographically to Bowen and North Shore Very traditional industry Trailblazers in their industry Lots of social media naysayers Social media neophytes
  • 43. Case Study – Metroland Media Group Ontario’s largest community newspaper group Torstar subsidiary Large traditional media organisation Used to traditional advertising and marketing model and old methods Declining readership Using content as a way to increase online advertising revenues
  • 44. 7 Social Media Tips for Established Organisations
  • 45. 1. Social Media Must Complement Corporate Strategy Your goals, mission, values remain the same You already know your audience – apply that knowledge to your online efforts Use Social Media to augment your marketing efforts Reflect your branding, messaging and differentiation Treat social media activity the same as any other marketing activity – measure and manage Some of the best social media campaigns are those that complement existing traditional campaigns
  • 46. Take a Holistic Approach to Internet Marketing Strategy
  • 47. 2. Start Small and Grow Identify one area of business and run a pilot For one product, service or target segment of your audience Makes it more manageable and less risky See if your community is indeed using social media Allows you to adapt and evolve Tests the waters in a manageable way Prove effectiveness
  • 49. 3. Educate Educate staff and decision makers as to what social media is from a business perspective Conduct a series of introductory sessions introducing social media tools and concepts from a business perspective Relate social media to your business or others in your industry Education puts social media in perspective
  • 50. An Introduction To Social Media Mhairi Petrovic www.out-smarts.com October 4 2010
  • 51.
  • 52. The business benefits of social media.
  • 53. Before you start – what you need to know
  • 54. Social Media Tour - Tools and tips
  • 56. Safe and Effective Social Media Participation
  • 57.
  • 59. Allan Financial Market Segments Alignment Social Media efforts align very closely with target audience: Spender, ‘David’ Saver, ‘Linda and John Xin’ Retiree, ‘Rose & Alex’ Legacy Planner, ‘Jennifer’ Entrepreneur, ‘Sarah & Avi’ Different social media tools to build community with each.
  • 60. 5. Make it Measureable First ask - where are you at right now in terms of your goals? This is your yardstick. Website metrics Social mentions Connections – number of followers Content sharing - buzz Comments / Contributions Subscribers Determine goals that are quantifiable and achievable.
  • 61. How Metroland Measures Success In advertising terms that relate to their business (i.e. click through’s, conversion rates etc) Paying close attention to web traffic analysis Measured by number of followers (community) Social Media referrals (RT’s, comments and mentions etc)
  • 63. Measuring Referrals and Interactions Twitter Stats Facebook Insights
  • 64. 6. Social Media Policy Employees need to know boundaries Policies should outline appropriate social media behavious Spell out communication policies for each network or tool Address copyright , link attachment and proprietary information Build best practises for the tools you use so that everyone is aligned
  • 66. 7. Content is Key This is about your audience not you Should always add value, be interesting Be consistent in posting content Never overtly sell Stay on topic (related to your business, community and industry) Should convey your brand and message
  • 67. Allan Financial Content reflects the “enjoy life” message Uses the target community as a source of content Post and reply to comments regularly
  • 68. Metroland Now All communities use Facebook, Twitter as applicable Social media referrals increasing 20% year on year Social Media is an integral part of their strategy to get more traffic and build ad revenues Next: working to launch iPhone app
  • 69. Allan Financial Now Integral approach to Social Media Early days – rolling out social media gradually Educating staff and creating policies Tapping into the Bowen and West Van Community Added 56 followers in first few weeks on Facebook Already driving traffic to the website
  • 70. Social Media for Established Organisations - Recap Must be in line with overall strategy Start small and build Educate Choose Tools Wisely Make it Measurable Policies Content is Key Questions?
  • 71. Contact Information “Mhairi Petrovic” on LinkedIn www.out-smarts.com/blog www.twitter.com/outsmarts www.facebook.com/outsmarts mhairi@out-smarts.com 604 290 4099