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'Viral Marketing' with Prof. Damien McLoughlin MBS '93 and guest speaker Dr. John Fanning BComm '64

'Viral Marketing' with Prof. Damien McLoughlin MBS '93 and guest speaker Dr. John Fanning BComm '64 . Dr. John Fanning Author of 'The Importance of Being Branded: An Irish Perspective ' . Prof. Damien McLoughlin Director, Executive Education UCD Smurfit School. AGENDA.

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'Viral Marketing' with Prof. Damien McLoughlin MBS '93 and guest speaker Dr. John Fanning BComm '64

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  1. 'Viral Marketing' with Prof. Damien McLoughlin MBS '93 and guest speaker Dr. John Fanning BComm '64 Dr. John FanningAuthor of 'The Importance of Being Branded: An Irish Perspective' Prof. Damien McLoughlin Director, Executive Education UCD Smurfit School

  2. AGENDA The webinar will cover the following key areas: *   The Importance of Viral Marketing *   How Viral Marketing has changed marketing *   Death of the 30-second TV commercial - the need for innovation in marketing 25 minutes Questions and Answers - 15 minutes

  3. Executive EducationUpcoming Marketing Programmes Digital Marketing: Transforming Business 29th September – 1st OctoberDr. John Fanning Performance Driven Marketing 10th – 12th NovemberProf. Damien McLoughlin Email exec.ed@ucd.ie for further information or telephone 716 8889

  4. Social Media Transforming the Landscape John Fanning

  5. Transforming the Media Landscape Mid 15th century - printing press -1800 - telegraph/telephone -1850 - recorded media - music film -1900 - transmission of sound, film -Late 20th century - the internet

  6. Implications • All media converge on one channel • Everyone - the former audience become potential producers • the greatest expansion of creative capacity in history • It’s not just that people can now speak directly back to business • but that they can speak to each other in public about businesses.

  7. Philosophical Underpinning • Roots in 1960s counter - culture • A mixture of the academic, the hippie, the peasant and the geek • Critical values include - collaboration, creative expression, meaning

  8. Plus ca Change • Radio didn’t kill press, television didn’t kill radio, the internet won’t kill the 30sec commercial • At the end of the day - it’s not about new technology - it’s not about new media - It’s about new messages.

  9. What Is Social Media???? A Conversation Based Online

  10. Social Media Landscape

  11. It’s not just Facebook & Twitter

  12. technology is the conduit And it differs from Traditional Media Social media is based on the integrations/conversations between different people online and for brands to become part of this they need to move from a monologue to a dialogue …it’s not finite… Source: Wikipedia

  13. How it differs from Traditional Media… Traditional Media Social Media Customer Prof media outlets Static content Campaign Monologue/Push Collaborator User generated content Evolving content Commitment Dialogue/Pull VS

  14. Social Media Landscape Ireland

  15. 15 – 24 – Ireland Media Trend

  16. 35 – 44 – Ireland Media Trend

  17. 93% of Social Media users believe companies should have a Social Media Presence Cone, Business in Social Media Study, September 2008

  18. 56% feel a Stronger Connection to brands who use social media Cone, Business in Social Media Study, September 2008

  19. How People Use Social Media The way people use Social Media can be broken down into 3 different categories

  20. Creating Content Blogs/Wikis Video editing/uploading – YouTube/Dailymotion Twitter New ways to create content popping up regularly

  21. Make Connections Building online personalities through social network profiles i.e. Bebo/Facebook Can chat to friends, piers or brands Can seek out new contacts through links with current connections Can publish & expose any content they have developed to friends

  22. Make Recommendations Have the opportunity to give their views on a product & rate the product i.e. ebay/tripadvisor Can answer peoples requests on reviews of different products Can make comments on peoples Social Network profiles/ content Can amend Wiki’s with new updates

  23. Who Does What???

  24. The Reason To Use Social Media Create Awareness Encourage Trial Inspire Loyalty Create Ambassadors • Develop greater market share • Build Your Brand Reputation • Increase Sales • Promote Brand advocates • Encourage current advocates to talk about the product • Promote current volunteers/donatorsinto Brand Advocates

  25. How Does Social Media deliver ??? • It helps develop a relationship with your customers through dialogue • Customers want and expect to receive answers they pose to the brand • Opportunity to defend your brand to defectors • Drive Brand Advocacy

  26. Managing a Social Media profile Develop a content plan Catalogue all content available Outline conversation topics Build a FAQ database – update with fans questions as they come in

  27. Managing a Social Media Profile Regular monitoring of your profile(5 mins every hour) Personalise your responses Don’t be afraid to ask questions of your fans

  28. Bank of America http://twitter.com/BofA_Help http://smallbusinessonlinecommunity.bankofamerica.com/index.jspa

  29. USEFUL READING The Importance of Being Branded: An Irish Perspective (paperback)

  30. Questions and Answers

  31. Next Webinar -13th May Executing Strategy with Prof. Patrick Gibbons In this webinar Prof. Patrick Gibbons will discuss the topic of executing strategy in challenging times. For further information email businessalumni@ucd.ie.

  32. Executive EducationUpcoming Marketing Programmes Digital Marketing: Transforming Business 29th September – 1st OctoberDr. John Fanning Performance Driven Marketing 10th – 12th NovemberProf. Damien McLoughlin Email exec.ed@ucd.ie for further information or telephone 716 8889

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