Social Media Marketing Strategies By Manish Kasliwal, Head Advisory Relations & Strategic Marketing, L&T Infotech April 30, 2011 Media Evolution What next? Social Media Chat Email Digital Media (TV, Internet..) Print Media 2 Why the need for Social media? People love to communicate Personalization User Friendly: allows mixing of messages, photos, & videos Inculcates Inquisitiveness IDC's recent Social Business Survey indicates that the top 5 reasons end users are conducting social business initiatives are to: Acquire knowledge/ask questions Share knowledge/contribute ideas Communicate with customers Create awareness about company product or service Communicate with internal colleagues 3 Social Media impact on the business value chain Product Research Collaboration especially with distributed teams Innovation Operations/ Delivery Listening Customer influenced offerings Expert communities shape product ideas Marketing Co-creation of brand Insights from social conversations Sharing Conversing Responding Employee engagement Recruit through social channels HR Sales Customer service Real-time responses New tools for customer connect Mining social conversations New tools for persuasion Building stronger relationships Social Media Tools Source: Pingdom Sites & Services Total Users (in Millions) (as on March 2011) Average age of users LinkedIn 100+ 44 Facebook 640+ 38 Twitter 175+ 39 Source: Pingdom 5 Social Media in IT sector Sites & Services For Work-Related Purposes LinkedIn 62% Facebook 18% Twitter 13% Source: FaceTime Collaborative Internet Survey Facebook Linkedin Twitter Employees Followers % Followers Follows Accenture 40428 124179 225057 58% 24016 697 IBM news 48756 203507 325242 48% 12651 52 Cognizant NA 55694 70319 54% 5406 592 L&T Infotech 1161 8141 10157 56% 841 124 Infosys 25645 63037 80917 55% 13595 482 Wipro 4201 52385 66384 44% 7545 253 TCS 3270 89690 103541 48% 8039 103 *Not officially present on LinkedIn % : % of Total Employees Source: LinkedIn, Facebook, Twitter 6 Few Examples of Social Media ROI ADIDAS: Used social networks to do guerrilla marketing on mobile (e.g. Facebook, Twitter, SMS) in and around NBA All-Star Game and increased retail sales 20X goal in Las Vegas (where All-Star Game occurred COCA-COLA: Achieved strongest global marketing integration ever with Expedition 206, a social media promotion where a small group of travel ambassadors went to 206 countries over 365 days to “generate happiness” and published on social networks. It enabled global promotion execution among 3,500 Coca-Cola marketers around the world. GENERAL MOTORS: Launched “FastLane,” one of the first blogs personally written by senior executives. Customer feedback given through a blog saved the company $180,000/year versus traditional focus group research not to mention the enormous good will of company executives responding to consumers, not a focus group moderator EMC: B2B social media effort that achieved business transformation by creating a global company-wide social community, EMC ONE. This connected and increased collaboration resulting in double-digit revenue growth in more than 60 countries. COLGATE: Launched Wisp, disposable toothpaste, through “Be More Kissable” social media video campaign (+30 more involvement) that ran on YouTube, Twitter and Facebook. It achieved reach of 10,000,000+ rivaling mass advertising at small fraction of the cost. Source: http://barnraisersllc.com/?p=2504 7 The Way We Do It – Being IPR L&T Infotech has a well defined Social Media Policy Blogs Posts Tweets One-to-One conversation through Direct messages Polls Participation on external Blogs & Forums Webinars Periodic Update CSR Activities Reactive (R) Events & Media Industry Events News Press Releases Webinar Collaborative Blog Posts Polls Forums Retweets Thank you notes Welcome messages Clarification on queries Thought Leadership Case Studies White Papers Newsletters Informative Presentations Photos Audio/Video files New launches HR Content Social Media: Gains & Cost Gains Sales Revenue Consumer Insights Brand Protection Lead Generation Contact Center Operations Costs Related to People Related to Technology 9 Future roadmap…. What next? Consolidation…. Preference for Single platform….One for Business and one for Personal Social Media 10 Few Quotes on Social Media “Social Media is Like a Cocktail Party: Listen Then Respond” “Links are the Currency of the Social Web” “Facebook is a social network that connects people personally and professionally through connections, messages, photos, & videos.” “Twitter is like a Text Message with a BCC: To The World” “Social networks aren’t about Web sites. They’re about experiences.” – Mike DiLorenzo, NHL social media marketing director “Fans, Tweets & Likes are vanity. ROI is sanity. It’s up to you to decide how crazy you can afford to be.” ~ Lori R Taylor “Social media can be an enabler and an accelerator of existing core capabilities, values, attributes and plans. It can even be a catalyst for change. But it can’t magically create what doesn’t exist.”~ Denise Zimmerman 11 Thank You Our Business Knowledge, Your Winning Edge. Confidential | Copyright © Larsen & Toubro Infotech Ltd.