the importance of social media in business today

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The importance of Social Media in business today

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Overview of factors affecting social media in business today and outline digital strategy.

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Page 1: The importance of social media in business today

The importance of

Social Media in business today

Page 2: The importance of social media in business today

Hello! @tiffanystjames

Twitter: @TiffanyStJames

Linked In / Facebook / Skype / FourSquare / Slideshare / Quora…..Tiffany St James

Page 3: The importance of social media in business today

Changes in the

digital landscape

Page 4: The importance of social media in business today

The landscape in 2007

Xkcd.com 2007: Sizes based on membership of a community

Page 5: The importance of social media in business today

The landscape in 2010

xkcd.com 2010: Sizes based on social activity in a community

Page 6: The importance of social media in business today

Twitter: @TiffanyStJames

Page 7: The importance of social media in business today

In May 2010 social overtook

search • Search 11.3%

• Social 11.9%

Twitter: @TiffanyStJames

Page 8: The importance of social media in business today

From this…

Infographics are critical to effective modern digital communication

Page 9: The importance of social media in business today

…To this

Infographics are critical to effective modern digital communication

Page 10: The importance of social media in business today

How people use social media in UK

Twitter: @TiffanyStJames

Page 11: The importance of social media in business today

Increasing social engagement

Twitter: @TiffanyStJames

Page 12: The importance of social media in business today

Trust in communications

Peer to peer recommendation now at 90%,

trust in advertising 14%

Page 13: The importance of social media in business today

Gen Y and their approach

Gen Y are organising the social web in a way that works for them

Page 14: The importance of social media in business today

The rise of social rank

Twitter: @TiffanyStJames

Page 15: The importance of social media in business today

What should businesses be

focusing on?

Page 16: The importance of social media in business today

Engagement benefits

• Connecting with like-minded individuals

• Peer to peer recommendations

• Stimulating the debate of your most interest

• Engaging with people in the their spaces

• eCRM

• Data collation

• Product testing

• Informing business, brand, product strategy

• The financial worth of ‘Likes’

Twitter: @TiffanyStJames

Page 17: The importance of social media in business today

5 uses of social media

• HR

• PR

• Direct Sales

• Customer Service

• Business Intelligence

Twitter: @TiffanyStJames

Page 18: The importance of social media in business today

Have a digital code of conduct

• Be credible

• Be consistent

• Be transparent

• Be relevant

• Be an ambassador for

your organisation

Twitter: @TiffanyStJames

Page 19: The importance of social media in business today

Have a social media policy

• Purpose

• Principles

• Statement of ethics

• Context for organisation

• Tools and services you use

• Professional and personal use

Twitter: @TiffanyStJames

Page 20: The importance of social media in business today

Have social media staff guidance

• Before you engage checks

• Mitigation

• Research

• Outreach

• How to use specific channels

Twitter: @TiffanyStJames

Page 21: The importance of social media in business today

Have an engagement strategy

• What are your business objectives?

• How will your endeavours contribute?

• How will you engage people?

• What do you want them to do?

• How will you measure your endeavours?

Twitter: @TiffanyStJames

Page 22: The importance of social media in business today

What does this mean for us?

1 Listen, monitor and gain insights

2 Have processes for your people

3 Get involved in the digital world around you

4 Embrace openess and transparency

5 Engage don’t broadcast

6 Be flexible enough to adapt

Page 23: The importance of social media in business today

Thank you

These slides are on SlideShare

www.SlideShare.Net/TiffanyStJames

Follow me on twitter: @tiffanystjames

Page 24: The importance of social media in business today

Digital: • strategy • training programmes • social engagement • amplification