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Social Media/Blogs: A Marketing Strategy Infotech Applications In Marketing March 2007 © Bloomberg Marketing 2007 Our Game Plan Marketing & Social Media Blogs As A Marketing Strategy Ying & Yang of The Conversation Getting Started Gapingvoid.com © Bloomberg Marketing 2007 Marketing & Social Media © Bloomberg Marketing 2007 Marketing Caught By Social Media Like A Deer In The Headlights © Bloomberg Marketing 2007 Social Media Changes How Brands Are Perceived community blogs photos © Bloomberg Marketing 2007 time transfer videos Will Social Media Collide With Marketing? © Bloomberg Marketing 2007 We want it where we want it. We want it how we want it. We want it when we want it. If we don’t get it .. We’re telling Everyone we know and some people we don’t know too! I f Marketers No Longer Control Total Message/Image Perception © Bloomberg Marketing 2007 2 guys, a Consumer Generated Media video and 2 brands 2 guys, Fritz Grobe and Stephen Voltz, create a little video. Posted on a video directory site Results: $35,000+ in revenue Over 4.1 Million Views © Bloomberg Marketing 2007 . Traditional Media Frenzy 2 guys, a Consumer Generated Media video and 2 brands Mentos Loved It Coke Not So Much Ad budget increased from $10 mm to approx $20 mm in name recognition Video Contest © Bloomberg Marketing 2007 “Craziness with Mentos doesn’t fit with the Brand personality (of Diet Coke).” Susan McDermott, spokesperson Diet Coke Will Marketing Integrate Social Media? And if so how? If not .. ??? © Bloomberg Marketing 2007 2 guys, a Consumer Generated Media video and 2 brands Coke Invites Fitz and Stephen To Create Promo Videos © Bloomberg Marketing 2007 Blogs As A Marketing Strategy © Bloomberg Marketing 2007 Social Media - The Early Days Drinking the Kool-aid An online journal which produces fame without wealth for pajama-clad scribes, known as bloggers, who write so well they don’t need editors and survive by eating ramen noodles and Tang powder from a spoon. Heard it from: Scrappleface blog [Courtesy link] © Bloomberg Marketing 2007 Major Corporations Blogging © Bloomberg Marketing 2007 Brand Loyalty & Customer Enthusiasts Lessons Learned: Passion creates community leads to loyalty. © Bloomberg Marketing 2007 Crisis Management Lessons Learned: Rapid Deployment Of Information Winber Medical Center: Halts Rumors © Bloomberg Marketing 2007 CEO Blogs Lessons Learned: Tell It Your Way. Reinforces (Industry) Leadership Position While Showing The “Human” Element © Bloomberg Marketing 2007 Recruitment Strategy Lessons Learned: Location Location Location American University – Blogs In Perspective Students Page © Bloomberg Marketing 2007 Informal Marketing Research Lessons Learned: Involve your customers in product development Intuit Quick Books © Bloomberg Marketing 2007 Building Through Education & Involvement Lessons Learned: Engage Your Customers In The Process Photo Gallery Set, Costumes, Rehearsals © Bloomberg Marketing 2007 Reinforce Brand To Target Segments Lesson Learned: Understand Internal Resources © Bloomberg Marketing 2007 Customer Relationship Lessons Learn: Help people create community. © Bloomberg Marketing 2007 Short-term Campaigns Lessons Learned: A blog doesn’t have to be forever. American Cancer Society & Yahoo! © Bloomberg Marketing 2007 National Geographic Channel Search Engine Optimization Lessons Learned: Google Loves Blogs .. But A Little SEO Strategy Can Help Too! © Bloomberg Marketing 2007 Another Side To SEO Lessons Learned: Competitor can out rank you. Blog posts = positive or negative can too. © Bloomberg Marketing 2007 Your Brand Is You Lessons Learned: Self promote your talents. © Bloomberg Marketing 2007 Marketing Uses for Blogs Provide a new communication channel for customers, prospects, stakeholders Increase brand awareness Build thought leadership Foster credibility Generate sale leads Obtain customer feedback e.g., new product development Crisis management strategy Search optimization strategy © Bloomberg Marketing 2007 Marketing Perspective “The 4 P’s of Blogging” Point | Passion | Personality | Perseverance C-Generation – people who create and consume their own content © Bloomberg Marketing 2007 Ying & Yang of The Conversation © Bloomberg Marketing 2007 A Conversation With Laura http://laurahoffmann477.blogspot.com/ © Bloomberg Marketing 2007 Unilever Creates A Brand Evangelist Consumer Capital Viral Buzz Continues © Bloomberg Marketing 2007 Implementing A Blog Strategy © Bloomberg Marketing 2007 Is Your Company Blog Ready? First Question: Will your culture support a blog strategy? Second Question: Will blogs help solve or support a business challenge or marketing strategy? © Bloomberg Marketing 2007 First Step … Shhh Whisper Campaign © Bloomberg Marketing 2007 Subscribe to an new aggregator/reader Read/subscribe to blogs Monitor the blogosphere Join the conversation Marketing Blog Strategy Understand time & resources Blog strategy Goals/Objectives Content focus Identify & train blogger/s Corporate guidelines Comment policy Technical Blog platform, widgets Create awareness © Bloomberg Marketing 2007 It’s You Who Will Get The Marketing Deer Out Of These Headlights! © Bloomberg Marketing 2007 Happy Blogging! Toby Bloomberg Bloomberg Marketing [email protected] www.bloombergmarketing.com www.divamarketingblog.com 770.496.1711 Marketing & Blog Strategies For Business © Bloomberg Marketing 2007