increasing profit margins with social media marketing

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Increasing Profit Margins with Social Media Marketing Amiee Keenan Myappsanywhere @TheCloud_Amiee EXTREMECRM 2013 ANAHEIM

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In 2012, 72.6 percent of salespeople using social media in their sales process closed more leads and saw bigger profit margins than their peers who were not leveraging social media. Of these social media users, more than half have closed business as a direct result of social media use. Social media has transformed lead generation, and knowing how to use the tools available can significantly impact the success of your marketing efforts. Whether you are new to social media marketing or a seasoned professional, this session will explain how you can leverage social media communications to generate more leads, beat out your competition and provide top-notch customer service to your existing clients. See how to engage prospects on Twitter, Facebook, LinkedIn, Google+ and other popular platforms, plus learn what types of content works best on each platform and how to turn a social media conversation into a qualified lead. Originally presented at eXtremeCRM Anaheim by Myappsanywhere's Amiee Keenan and NetStandard's Natalie McAllister.

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Page 1: Increasing Profit Margins with Social Media Marketing

Increasing Profit Margins with Social Media

Marketing

Amiee KeenanMyappsanywhere@TheCloud_Amiee

EXTREMECRM2013 ANAHEIM

Page 2: Increasing Profit Margins with Social Media Marketing

What Is Social Media?

• Think of Social Media as social networking–Meet new people– Engage with prospects– Build connections with existing

clients/prospects

• Major platforms for Marketers:

Page 3: Increasing Profit Margins with Social Media Marketing

The Best Uses of Social Media

• Engaging with others

• Providing education to your market

• Breaking news and/or sharing updates on your company – *Be sure you aren’t violating industry laws*

Page 4: Increasing Profit Margins with Social Media Marketing

The Worst Uses of Social Media

• Using channels to “blast” content (putting quantity over quality)

• Setting it and forgetting it

• Offering dicey personal or political opinions

Page 5: Increasing Profit Margins with Social Media Marketing

What’s It Good for, Anyway?

• In 2012, 72.6% of sales people using social media out performed their sales peers and exceed quota 23% more often.

• More than half (54%) tracked their social media usage back to closed deals

*According to A Sales Guy Consulting and Social Centered Selling, March 26, 2013

Page 6: Increasing Profit Margins with Social Media Marketing

What’s It Good for, Anyway?

• Generate leads

• Beat your competition

• Deliver top-notch customer service

• Be “findable”

Page 7: Increasing Profit Margins with Social Media Marketing

Identifying a Successful Presence

• Followers who regularly interact (click, share, like) with your posts

• Followers who engage with your brand without prompting

• Adding new followers organically

Page 8: Increasing Profit Margins with Social Media Marketing

REMEMBER:40 Active, Engaged Followers Is

Better than 40,000 Stagnant Followers!

Page 9: Increasing Profit Margins with Social Media Marketing

Twitter• 140 character limit for tweets• Requires a “handle” (i.e.,

@YourName)– Should be intuitive (your business name)

• Requires a description–Add keywords (SEO)

• Add hashtags – #MSDYNCRM, #cloud, #eXtremeCRM

Page 10: Increasing Profit Margins with Social Media Marketing

Twitter

Easy to remember handle

Relevant hashtags

Keywords for search engines Company

website (backlinks)

Page 11: Increasing Profit Margins with Social Media Marketing

TwitterBest Practices:• Keep tweets short – don’t use all

140 characters!• Tag, tag and hashtag every time

you post content• Followed? Follow back, but with

discretion• RESPOND!

Page 12: Increasing Profit Margins with Social Media Marketing

TwitterGenerating Leads:• Follow prospects (the Followback

principle)• Search topics and be creative by

responding to issues• Tweet relevant content, especially

from your company blog

Page 13: Increasing Profit Margins with Social Media Marketing

LinkedIn• 200 characters• Three approaches:

– Personal profiles– Company pages– Groups

• Optimize profiles (keywords, websites, etc.)• Utilize professional content• Leverage career section• Endorse, comment, share and recommend

Page 14: Increasing Profit Margins with Social Media Marketing

LinkedInCompany Pages:

Add logo (50x50)

Add banner image

Track post success with analytics

Also Add:• Descriptio

n• Products

& Services

• Locations• Specialtie

s• Relevant

groups

Page 15: Increasing Profit Margins with Social Media Marketing

LinkedInPersonal Profile:

Professional headshot

Stay active!

Add professional and personal information

Also Add:• Skills and

Expertise• Language

s• Causes• Education• Groups

Personalize your URL

Page 16: Increasing Profit Margins with Social Media Marketing

LinkedInBest Practices:• Comment on content you’re

sharing• Share/comment on your

connections’ content• Ask your co-workers to share

company content/job openings• Join relevant groups

Page 17: Increasing Profit Margins with Social Media Marketing

LinkedInGenerating Leads:• Engage with anyone who

comments on your content• Share your company content

above all else• Ask questions—start a dialogue!• Run polls (groups)• Connect, connect, connect!!!

Page 18: Increasing Profit Margins with Social Media Marketing

Facebook• 2,000 characters• Pages (not profiles)• Add company content or fun

content (i.e., photos, infographics, PR)

• Photo-friendly• Tough place for business marketing

Page 19: Increasing Profit Margins with Social Media Marketing

Facebook

Add “Services”

Add custom banner. 20% text or less, or you’re rolling the dice

Add call to action

Page 20: Increasing Profit Margins with Social Media Marketing

FacebookBest Practices:• Tricky algorithms (like Google)• NEVER schedule posts outside of

FacebookRumors:• Add links in the comments section• Photos get more views

Page 21: Increasing Profit Margins with Social Media Marketing

FacebookGenerating Leads:• Advertising (expensive but can

work)• “Like” other pages as your page • Share content; invite co-workers to

like/share• Choose content that’s Facebook

friendly (the Goodwill factor)

Page 22: Increasing Profit Margins with Social Media Marketing

Google+• Limit yourself to 500 characters• Yes, it does matter to marketers• Plus 1’s• Adding to Circles• Hashtags vs. +’s

Page 23: Increasing Profit Margins with Social Media Marketing

Google+Add relevant partners, prospects, vendors to circles

Address, phone number, email address Add sites to

which you contribute

Verify your website

Page 24: Increasing Profit Margins with Social Media Marketing

Google+Best Practices:• True purpose is SEO• Share your content above all

others• Use those +1’s• Don’t expect engagement• Add relevant groups, companies,

and prospects to your circles

Page 25: Increasing Profit Margins with Social Media Marketing

Google+Generating Leads:• Remember: This is for SEO• If they’ve got Google+, add them• Create unique circles (prospects,

technology, Dynamics CRM, etc.)• Monitor (engagement does

happen)

Page 26: Increasing Profit Margins with Social Media Marketing

Other PlatformsKlout• Tracks social media

influence• Shows effective

channels• Perks!

YouTube• Owned by Google• Optimize the

channel• Keep up the content

(and post to your website)

Pinterest• Great for

infographics

Page 27: Increasing Profit Margins with Social Media Marketing

When Good Social Goes Bad

• Think before you respond– Is it a customer or prospect?– Is it a “troll”?

• Talk to the PR people (if you have them)

• Research the profile• Invite dialogue offline

Page 28: Increasing Profit Margins with Social Media Marketing

What Not to Do:

Dominoes

Page 29: Increasing Profit Margins with Social Media Marketing

What to Do:

Channel your inner Southwest Airlines

Page 30: Increasing Profit Margins with Social Media Marketing

Questions?

Page 31: Increasing Profit Margins with Social Media Marketing

Amiee Keenan, [email protected]

@TheCloud_Amiee@Myappsanywhere

Please remember to fill out your session evaluation survey online!The link to the survey was emailed to you, or go to:

PLACE SURVEY LINK HEREComplete prior to the closing session to be included in today’s drawing!

Page 32: Increasing Profit Margins with Social Media Marketing

Session Evaluation Survey online: Place link here.

THANK YOU to all of our eXtremeCRM 2013 Anaheim Sponsors!

CORPORATE GOLD SILVER

BRONZE

EXHIBITORS SalesFUSION Inaplex