The Web Pitch

Wonderful to see that Erik Qualman has refreshed his Social Media Revolution video. I only wish he had used a difference accompanying soundtrack this time. Fat Boy Slim, so 2008?

Key stats from the video follow below:

Stats from Video (sources listed below by corresponding #)

1. Over 50% of the world’s population is under 30-years-old
2. 96% of them have joined a social network
3. Facebook tops Google for weekly traffic in the U.S.
4. Social Media has overtaken porn as the #1 activity on the Web
5. 1 out of 8 couples married in the U.S. last year met via social media
6. Years to Reach 50 millions Users:  Radio (38 Years), TV (13 Years), Internet (4 Years), iPod (3 Years)…
7. Facebook added over 200 million users in less than a year
8. iPhone applications hit 1 billion in 9 months.
9. We don’t have a choice on whether we DO social media, the question is how well we DO it.”
10. If Facebook were a country it would be the world’s 3rd largest ahead of the United States and only behind China and India
11. Yet, QQ and Renren dominate China
12. 2009 US Department of Education study revealed that on average, online students out performed those receiving face-to-face instruction
13. 80% of companies use social media for recruitment; % of these using LinkedIn 95%
14. The fastest growing segment on Facebook is 55-65 year-old females
15. Ashton Kutcher and Ellen Degeneres (combined) have more Twitter followers than the  populations of Ireland, Norway, or Panama.  Note I have adjusted the language here after someone pointed out the way it is phrased in the video was difficult to determine if it was combined.
16. 50% of the mobile Internet traffic in the UK is for Facebook…people update anywhere, anytime…imagine what that means for bad customer experiences?
17. Generation Y and Z consider e-mail passé – some universities have stopped distributing e-mail accounts
18. Instead they are distributing: eReaders + iPads + Tablets
19. What happens in Vegas stays on YouTube, Flickr, Twitter, Facebook…
20. The #2 largest search engine in the world is YouTube
21. While you watch this 100+ hours of video will be uploaded to YouTube
22. Wikipedia has over 15 million articles…studies show it’s more accurate than Encyclopedia Britannica…78% of these articles are non-English
23. There are over 200,000,000 Blogs
24. Because of the speed in which social media enables communication, word of mouth now becomes world of mouth
25. If you were paid a $1 for every time an article was posted on Wikipedia you would earn $156.23 per hour
26. 25% of search results for the World’s Top 20 largest brands are links to user-generated content
27. 34% of bloggers post opinions about products & brands
28. Do you like what they are saying about your brand? You better.
29. People care more about how their social graph ranks products and services  than how Google ranks them
30. 78% of consumers trust peer recommendations
31. Only 14% trust advertisements
32. Only 18% of traditional TV campaigns generate a positive ROI
33. 90% of people that can TiVo ads do
34. Kindle eBooks Outsold Paper Books on Christmas
35. 24 of the 25 largest newspapers are experiencing record declines in circulation
36. 60 millions status updates happen on Facebook daily
37. We no longer search for the news, the news finds us.
38. We will non longer search for products and services, they will find us via social media
39. Social Media isn’t a fad, it’s a fundamental shift in the way we communicate
40. Successful companies in social media act more like Dale Carnegie and less like Mad Men Listening first, selling second
41. The ROI of social media is that your business will still exist in 5 years
42. Bonus: comScore indicates that Russia has the most engage social media audience with visitors spending 6.6 hours and viewing 1,307 pages per visitor per month – Vkontakte.ru is the #1 social network

In the last of my posts from the Social Media World Forum, comes a stand out talk from Freddie Laker, Director of Digital Strategy at Sapient Nitro. He kicked off his presentation stating that he was going to talk about “everything else that is social media”. Social Media is everywhere and is being used to:

• Understand Influence
• Create “The Digital Outdoor” billboard
• Develop Product Design
• Encourage Social Commerce
• Design Augmented Reality

Today we live in a world of “Social Media Everything”, even TV is going online and becoming social. Brands need to recognise that consumers interact regardless, they don’t care if it is social media, they just interact.

The digital ecosystem is complex. We are now seeing the “digital outdoors”, with billboards being powered by Twitter.

Sites such as Meetup.com, are great sites to discover existing communities for your brand, you don’t always have to create one.

Freddie, discussed that the following brands are the ones to watch for social media:

• Disney
• Zappos
• CocaCola
• Unilever
• Pepsi
• Virgin

He noted, that we are building a massive, “Global Social Brain”. The share of voice is becoming more important than anything else.

P&G has taken a bold move, by allowing its audience to rate their products on the Olay website. Freddie says, “people are always rating you, don’t be afraid, embrace it!”.

Location based apps such as Foursquare and Gowalla have the potential to become huge. Some brands in the US, are already giving people incentives to “check-in”, into frequently visited places. For example, if you check-in regularly, Foursquare will make you a “Mayor” of that place. If the place is a coffee shop, the retailer can offer to give the Mayor a free mug of coffee (loyalty reward).

Getting your legal department on board is crucial before any deployment. Otherwise, they will act as a big barrier to effective social media engagement. Freddie advises that Brands should become “early adopters to reap the benefits”. Geo location is going mainstream. Facebook recently announced that they would be adding geo locations to status updates soon.

What’s the next big thing? It may very well be, “The Semantic Web” and should be something that businesses keep their eyes on for the future – “Beyond Nowness”, as Freddie puts it.

Next up was Trevor Johnson, Head of Strategy and Planning at Facebook Europe. His talk was entitled, “Social Changes Everything”. He discussed how a burglar stopped to update his Facebook status during a robbery! He was subsequently caught. “Social” is indeed everywhere and Facebook is a big touch point for so many of us.

Facebook is used by more than 400 million active users. Users spend on average 16 minutes on the homepage, and spend 28 minutes updating their profile during the day. Facebook has now also overtaken Google as the Web’s number one web property. Here are some others stats that Trevor shared:

· #1 property on the internet (time spent)

· 5 billion+ pieces of content uploaded every week

· 6 billion+ minutes spent online every day

· 2 million+ photos per second

· 250+ platform apps with over 1m active users

· 800,000+ websites use Facebook Connect

· 2 billion+ chat messages

· 60 million+ status updates each day

At the heart of Facebook is “Identity”. “Social” is built on 3 pillars (Identity, Sharing and the Facebook Platform). Identity is core, with real people sharing and connecting with their social graphs. Facebook is particularly focussed on the growing importance of identity & authenticity. And, opportunities that are driven by [Facebook] platform and technology. [Jas Note] Interesting, if Facebook wants to become the Identity on the web what comes next, the wallet?

Social gaming has growing significantly, games such as Farmville now have over 80 million users. Companies such as Evian, even have branded “virtual goods” now. Of note, the virtual economy is anticipated to be worth 10 billion this year, Trevor said.

Finally, Trevor showed a great example on how MySpace is using Facebook Connect to connect fans with music artists, using a viral video campaign called “Fan Video”. Take a look at the one I created here. Viral videos are now becoming personalised!

Key Summary Points (Simple steps for Marketers)

1. Make it social, leverage the platform and social graph

2. Keep it simple, get started and iterate

3. Don’t think in campaigns and silos, develop a conversational calendar

4. Think differently – harness new opportunities and experiment

Next up was Katy Howell from Immediate Future (IF) – A Social Media agency. Disclosure: My employer retains the services of Immediate Future.

Katy’s talk did not focus on Social Media strategy, but from actual “real life” experiences from the field, as Katy put it, “Nuggets from Pioneers”.

Katy asked the audience to “think beyond the tools”. A particular IF client lost their Flickr page mid-campaign! She warned that there are hidden costs and content risks when using social tools. (Who actually owns the data?) Popular social media sites may implement a charge model in the future. She urged the audience to “think about the influencer”. Influence is not uniform. The influencer is not a replacement for the word “audience”. Katy stated that there are different types of influencers – Authoritative, Popular and Collaborative.

Her note to Brands, “STOP SHOUTING!” Influencers hate to be shouted at. Real time conversations (Tweets) now appear in Google searches, (Bing too . These may be the first touch point to your brand, and if you annoy your influencers their comments will be seen by all.

Katy went on to discuss, that we are reaching to a point of “viral and app fatigue”. She presented the following stats:

Your video on YouTube…

· 3.1% chance of getting over 1,000 views

· 0.3% chance of getting over 10,000 views

· 0.001% of getting over 100,000 views

Your App on Facebook…

· Joins half a million of others

· Is one of 140 loaded daily

Finally, Katy stated that 74% of businesses feel that proving Return Of Investment (ROI) is the greatest challenge for social media today. Transparency is key, laying out KPIs and “showing out your working” is vital for senior management buy-in. Be very clear about your objectives and what you are trying to achieve. Education for senior managers is also important. She gave an example, where a company found a negative comment on a 3^rd party Facebook page. The management team’s response was to shut the fan page down and call in the lawyers. This doesn’t work, as it only aggregates the original poster, and moves the conversation to another site.

On Monday (15^th March), I attended the first day of the Social Media World Forum at London’s Olympia. The next series of posts, will be my reflections of the talks presented. I hope you find them insightful.

Keynote – Kevin Eyres of LinkedIn Europe.

Kevin Eyres, Managing Director of LinkedIn Europe, started his talk with a paraphrased quote from Oscar Wilde’s The Importance of being Earnest, where Social Media and business come together as a marriage.

He stated that in his opinion, “…anyone who desires to understand Social Media should know everything or nothing”.

Kevin went on to discuss, that businesses need “Lenses”. Lenses can help to make better social media decisions. Businesses need to think about how Social Media can be adapted to their local businesses. Lenses also help us to examine “Universal Truths and Human Needs” (both social and knowledge). Humans are social beings, that are inherently designed to be part of a tribe where they connect with other members.

He went on to discuss how the “levelling of the playing field” has a created a Global economy with a new set of problems:

• Hard to identify? [Global Economy]
• Who do I trust?
• How to collaborate?

Kevin’s talk them focussed on the following areas:

1. Innovation – will be driven by knowledge and information. (Incidentally, Linkedin had over 1 billion people searches in the last year).

2. Overloaded – (Information & Command). How many people go beyond page 2 on a search engine?

3. Social Media Facts – We are in “Infancy”. As a business, are you innovating or following someone else?

4. Voice, Identity & Filter – everyone has a voice today. A two-way dialogue is creating a lot of noise. What tools can we use to filter out the useful information?

5. Sharing Knowledge is powerful - It’s no longer what you know, but who you know. “Knowledge is Power” is dead.

6. Socially Aware Apps are the “game changers”. They bring efficiency for users, they help us format, filter and socialise knowledge.

The Global economy brings new opportunities and the birth of “The Accidental Entrepreneur”. Kevin talks about the case of Henk van Ess, who asked on a LinkedIn group, if there were any ways to extend the life of his iPhone battery? A representative from a Chinese manufacturer replied to his post and after some discussions, Henk has created a new online business that now sells long life iPhone batteries to consumers.

Empowered employees at the US electronics retailer BestBuy, solved surplus inventory problems. Shop floor staff created a forecast model, which was more accurate than the company system and was based on customer feedback. Empowered employees also use Twitter, @Twelpforce successfully as a customer support channel.

Before embarking on such initiatives, businesses need to ask themselves, what problems are they trying to solve? Don’t use social media because others are using it, use it to solve a business problem.

A very tongue and cheek response to last year’s Socialnomics video. Very amusing!

The growing list of online social media sites makes choosing the right channel complicated. From Facebook to Twitter to LinkedIn and beyond, which social media outposts will net the most bang for the buck in terms of customer communication, brand exposure, traffic, and SEO?

The CMO’s Guide To The Social Media Landscape is a great guide to print and pin up! It helps to identify the right channels to use. Great work!

A CMO’s Guide To The Social Media Landscape –

I love this presentation from Barbra Gago. A timely reminder on why creating good content truly matters. The presentation looks at how it can be shared with your customers, how it adds value, and some main do’s & don’ts to think about. Genius.

Microsoft’s Mel Carson and all round good guy, has released an excellent Social Media White Paper this week.

Mel works within Microsoft’s Advertising Community Team, which has been engaging with online advertisers through social media since 2006. The document entitled, “Learn and Earn” tells the story of how the Advertising team embraced social media to connect with the advertising community. Well worth reading.

During my time at Microsoft, I modelled the MVP Award Program Facebook Fan Page on the Microsoft Advertising Fan Page! So thank you Mel and team for the inspiration!

Read the document in full below.

Learn and Earn – Social Media White Paper – Microsoft Advertising –

Welcome to Social Media Week! This week, conferences are taking place simultaneously in New York City, Berlin, London, San Francisco, Toronto and São Paulo. The overall goal of Social Media Week is to advance the use and understanding of social media and the impact it has on culture, business communications and society. Also, it is a great opportunity to meet other bloggers, tweeters and thought leaders in the social media space.

I attended a talk entitled “Social Media in the Enterprise” at Cass Business School earlier this week. Each speaker had 10 minutes to present their thoughts to the assembled collective of approximately 40 people. The remainder of this post are the notes I made from listening to each of the speakers. I hope you find it interesting.

Alan Patrick from Broadsight, kicked off the event with the challenges social media faces when looked upon by Enterprise. He looked at three areas where it can present a Return On Investment. These include:

• Innovation (Crowd sourcing and buzz catching)
• Operational Value (Sales, and reducing operating costs)
• Speed to Respond (Business agility, JIT and the speed to react to market changes)

Alan’s presentation can be seen below:

Umair Haque presented an enlightening talk on how organisations can be improved. He argued that today’s Enterprises are built around an outdated structure of rigid hierarchies – this structure is no longer efficient. Creativity is stunted and thus these organisations can be termed “Peak Organisations.”  A new dynamic structure could be the answer. Today’s social media tools allow the most skilled individuals to lead, not just the the hierarchal manager. Gifted leaders emerge organically. Therefore, do we need leadership at all? Social tools allow us to connect to people with the knowledge to help us make decisions that maximise value

Benjamin Ellis’s talk focused on how people are the key component in business. However, most Enterprises are scared of going social. (They associate social as a term relating to a “lack of control.” They prefer using email, as it is the quickest method to get your point across in the shortest time. He went on to state that businesses also spend a lot of time examining ROI. However, in the businesses that Benjamin has worked with, ROI actually meant Randomly Oriented Integers! .   Social Media, (if not used with caution) can cause more problems than solve answers. Knowledge and access to information could be withheld. For social media to succeed, the tools have to be simpler than using email.

Mat Morrison delivered a presentation detailing the research that he has carried out within organisations. An interesting insight from his research showed that, if an organisation grows organically, a few people within the company are actually the most connected to other parts of the organisation. If they are removed, the network fails. Therefore, some level of design planning is required to ensure that everyone within the network is “properly” connected to everyone else. Therefore, if some people are removed, the rest of the network does not suffer. Mat also juxtaposed market norms versus social norms. Employee social capital is good for the business, especially if they tweet about the company and products. However, it is difficult to account for all the positive benefits that it can bring to the balance sheet.

Mat’s presentation can be seen below:

Dr Sue Black described her live case study on how she used social media to raise awareness and funding to save Bletchley Park. Since the war, the historic site has fallen into disrepair. Through an adhoc Twitter campaign, Sue managed to get support from London Twitter users to raise awareness. Twitter also proved to be a disintermediary.  She managed to reach out to Stephen Fry, without the need to go through PR agents or other traditional “blockers”. Fry, visited Bletchley Park and used his public image to further spread the message. Sue’s (part time) campaigning, saw her blog traffic jump to over 8,000 visitors! Her success was due to her passion, and her ability to use Twitter to find and connect with people who were equally likeminded about the cause, and were able to help.

Flickr Credit: Benjamin Ellis  Dr Black and I talk to J G Rae at the event

Adriana Lukas’s talk looked at how social media can act as catalyst for business. However, she pointed out that transforming companies from within is going to be difficult. Not everyone is convinced at how social tools can help the business. Some departments may not understand them and therefore may support the use of them. Thus, she suggested it may be an idea to deploy the use of social media tools secretly and completely independent of the IT department as a “skunkworks” project. Build a successful pilot, before proving the worth of it to others in the business. (This scares me). The idea here is that the creativity and “openess” that social media brings, does  not affect existing business processes.  A classic line from her presentation read “Wave good-bye to business cases, say hello to case studies.” Those who want to change are not the ones building the barricades!”

Finally, David Terrar presented an opposing view to Adriana’s talk. Rather than deploy an “under the radar” approach. David, discussed that the way forward was to get management buy-in, before deploying social tools. His overarching point, social tools MUST work together with existing business processes. Over time, the social tools will help to modify existing business processes as their value is demonstrated. He went on to show examples of how social tools have been successfully applied to large businesses such as Cisco, Swiss Re, and ICAEW. 

Overall, it was a very stimulating evening of discussion surrounding Social Media, and how people view it both internally and externally to the Enterprise.

A big thanks to all of the speakers and especially Alan and Patrick for putting on the event.