Digital brand management strategies Part 1 Questions 1. What are the contemporary global consumption issues about brand communities and brand tribes? 2. What is branding within an ICT-based or digital environment? 3. What is country/place and celebrity branding? The top 100 global brands many of which are iconic and are becoming digital brands… This video reviews the world’s top 100 brands www.youtube.com/watch?v=pizQnyH_TMQ&feature=PlayList&p=280CB899DC4145F9&playnext=1&playnext_from =PL&index=3 Interbrand.com visit their website ! Internet consumption around the world • http://www.internationalbusinessguide.org/in ternet-consumption/ Digital Branding (DB) Definition • DB is the creation and management of brands through the use of all forms of digital technologies, many of which are controlled by the consumers • Digital brands have more “touch points” online and offline Partnering for a compelling experience online: Nike+ iPod Digital Branding Digital Branding as a core management requirement BMW • Companies should invest in DB BMW with its “The Hire” 8 series of short films with 100 million hits to highlight the performance aspect of brand performance • https://www.youtube.com/ watch?v=PKYUtUw-8ig Digital Branding • Going beyond the corporate website • Creating connections with People; C2C with HOG, Nike+ • Creating the right digital experience- followed by the offline experience: Gopro, RedBull • Small companies can do it now! • Placing Customer @ the center of your platform Digital marketing Digital marketing Media Types Brand Health in the Digital World: The 4 Vs Brand Health is under attack in 4 ways: Greater Volume of Data source Faster Velocity of consumer Data Broader Visibility of consumer sentiments: Kony 12 Greater Volatility of Consumer Behavior COMPANIES MUST BUILD: Brand Responsiveness to react quickly to changing market conditions Build Brand Resilience to counteract unforeseen crises and threats Understanding the Consumer Decision Journey (Edelman, 10) Implications of the CDJ • Target stages in CDJ rather than allocating spending to media • Companies should focus on Evaluation and Advocate stages • Companies must study – Own media (websites, etc.) – Earned media (customer created channels ) such as brand communities – Supportive spend : where technologies and staff are used to manage content and monitor conversations (Consumer Decision Journey) Evolution of Marketing Communications (Armano, 09) Monitoring Owned and Earned Media Website of Nespresso Facebook Nespresso Other Earned media.. Twitter / Nespresso YouTube/ Nespresso The 4 Zones of Social Media Marketing (SMM) Types of Media: Paid- Earned-Owned Zones Paid Earned (social media) Owned (websites),etc. 1. Social Communities Ads Conversations Shared content Influence, impressions Like, Followers Controlled Profiles 2. Social Publishing Endorsements Branded channels In media sharing sites Embeds Comments Shares Links Search Rankings Corporate blogs Brand-controlled media sharing sites 3. Social Entertainment In-game interactions Advergames Alternate Reality Games (ARG) Review and ratings Recommendations Group buys Social shopping interactions Social storefronts 4. Social Commerce Ads in Games Sales promotions The Social Media (Earned Media) Marketing Plan outline 1. Conduct a situation analysis 1. Internal environment 1. 2. 3. 4. 2. External Environment 1. 2. 3. 3. What are the SWOT based on analysis State objectives 1. 3. Who are your customers? Are they users of social media? Who are your competitors? What social media activities are they using What are they key trends? Affecting social media marketing? SWOT analysis 1. 2. What activities exist in the overall marketing plan that can be leveraged for social media marketing What is the corporate culture? Does it support the decentralized norms of social media What resources exist for social media activities Is the organization already prepared for social media activities? What does the organization wish to accomplish through social media marketing? (promotional, service, retail objectives, research objectives) Gather insight into target 1. 2. 3. Which segment should we target What are the relevant demographic, psychographic and behavioral characteristics What are the social media habits of the segments … 4. Select Social Media Zones and vehicles – Which mixture of the 4 zones of social media will be best to accomplish our objectives within the resources available 1. Social community zone strategies: how will we represent the brand in S networks and what contents will we share 2. Social publishing zone strategies: what content do we have? What can we develop? What form should our blog take? Which media sharing should we use to publish content 3. Social entertainment zone strategies: what role should social entertainment play in SM Plan? Opportunities to develop a game, or product placement 4. Social Commerce strategies: Opportunities for customers’ reviews and ratings? Should we develop retail space for social media sites? How can we use social commerce to increase conversions? … 5. Create an experience Strategy encompassing Selected Zones 1. 2. 3. 4. 5. 6. Activate an activation plan 1. 2. 3. 4. 5. 7. Developing SM activities supporting promotional strategies What message do we want to share using SM Can we encourage engagement with branding social spaces? How can we encourage those who engage with the brans socially to act as Opinion Leader and share their experience with others In what ways can we align zones with tools to support each other How do we make it happen? Who is responsible for each aspect? What is the timing of the plan? What budget do we need to accomplish the objectives? How do we insure the plan is consistent with the overall Marketing plan and promotional plan Manage and Measure 1. How do we measure the actual performance of the plan The 4 Zones of Social Media Marketing (SMM)