Social Media Strategy With a few comments on blogging Agenda 5 axioms of social strategy Bad reasons to do social A “default” social strategy for retirement communities Measuring success Tips on developing your own strategy and plan Conflict/reputation management Brief comments on blogging and content strategy Summary 5 axioms of social strategy Axiom: A statement or proposition that is regarded as being established, accepted, or self-evidently true Axiom #1 All of your marketing activities must provide “positive ROI” – social media is no exception Axiom #2 Epistemology =/= ontology Axiom #3 Communicating with some people will yield dramatically higher ROIs than others Axiom #4 Strategy involves ensuring “fit” between your chosen activities Axiom #5 Taking into account your industry and market, there is a “default” (or “game theoretic”) strategy for social media Bad reasons to participate in social media Bad reason #1 To “go viral” Bad reason #2 To drive traffic to your website Bad reason #3 To drive conversions and generate new leads Towards a “default” strategy (For retirement communities) A potentially good reason to do social Branding Helping create a sense of community “Customer service”, but public What this could look like Micro-blog of “residence news”, geared towards your current community (and particularly to the children of your residents) On measuring success Be crystal clear on your strategy – on why you are doing social – and only then determine how to measure success Problematic method #1 Community size Number of “fans”, “followers”, etc Problematic method #2 Pure “engagement” metrics Shares, retweets, etc (Note: can work IF you are already following the default strategy) Slightly more meaningful method Traffic and conversions Sessions Bounce rate Time-on-site Conversions Pages-per-session (Note: still conflicts with default strategy) Best method Reactions from prospects Offline feedback from children of current residents Commenting and sharing (with the default strategy) Look at all stats, but put them in context Tips on developing your own strategy Social planning Decide how your online social community will be managed Ensure participants are crystal clear on the strategy Develop internal guidelines Determine beforehand what success will look like Conflict management Protecting your reputation Merely being on social will help your image, and provide protection when attacked Having a genuine “core” of support on social will be a stronger defense than raw numbers Tactics: respond quickly; move conversations offline to a private environment; close the loop online Blogging and content strategy Tips Own your SERPs Apply the same axioms When blogging, pay particular attention to axiom #4, (finding fit between activities) Understand the difference between a blog and your regular website Use Google Analytics and CrazyEgg Consumers blur the line between a product and an experience Comfort Life - Ad Network