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Social Insights 2014: Hong Kong

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Information about Social Insights 2014: Hong Kong
Marketing

Published on March 6, 2014

Author: socialbakers

Source: slideshare.net

Description

Social Insights 2014 is an event brought to you by Socialbakers—the global leaders in Social Analytics—designed to help you connect your social marketing to insights in 2014!

We all know that data holds the key to unlocking success in social marketing. But what’s the best way to know what it is telling you about your content, interactions and promotion? What story is your data trying to tell?

Find out how to turn social data to insight, and insight into outstanding content that promotes your brand on social.
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Hong Kong th 4 March 2014 # socialinsights @ socialbakersAP

Simon Trilsbach VP Asia Pacific simon@socialbakers.com @si_socialbakers #socialinsights

AGENDA CEO Keynote: Social Media Secrets Jan Rezab founder & CEO, Socialbakers The Social Media Workflow Analyze! Core concepts & Demonstration - Socialbakers Ralph Szeto Managing Partner, CMRS Digital Solutions Engage! Core concepts & Demonstration - Socialbakers Scott McBride Head of Digital, Ogilvy & Mather Group Promote! Core concepts & Demonstration - Socialbakers Kenneth Kwok Managing Director, Beehive Strategy Limited #socialinsights

Our vision is to become worldwide standard for the way, social media marketing is measured and optimized

Our Clients

Asia-Pacific will have the largest social network population worldwide through 2017

Socialbakers Worldview

@Tomas: Place onto branded slide Social Insights #socialinsights

Jan Rezab CEO of Socialbakers @janrezab #socialinsights

Untold Social Media Secrets (& How analytics-driven marketers perform better) #socialinsights

Social is getting cluttered

Pages post more content 2009 on average 2013 on average 7 40 posts / month posts / month Sources: Socialbakers, data range: 2009 – 2013

Users follow more and more

Organic Reach is dropping both globally and locally Average Post Engagement Rate 0.006 0.0055 0.005 0.0045 0.004 0.0035 0.003 0.0025 Hong Kong Global 0.002 2013-01 2013-02 2013-03 2013-04 2013-05 2013-06 2013-07 2013-08 2013-09 2013-10 2013-11 2013-12 Sources: Socialbakers, data range: 1.1. 2013 – 31.12.2013

During 2013 the average social Ad Spend has increased by +54% Sources: Socialbakers, data range: 1.1.13 – 31.12.13

Efficiency Gap

Facebook ads don’t work? Or is it the marketers that operate them?

Over half of Facebook posts are boosted with default targeting

Marketers know what they should do 90% Ranks Competitive Analysis & Industry Benchmarking as important Source: Socialbakers Marketing Survey, January 2014, 525 respondents

Only 1/3 of marketers Are using tools for deep social performance analytics 33% Sources: Socialbakers Marketing Survey, Jan 2014, 525 respondents

Even the big brands face the same issues Even big companies only use native platform tools. Even some big companies do not have dedicated budget for social media advertising, or a team inside to manage it Source: Socialbakers Marketing Survey, January 2014, 525 respondents

Marketers fly blind

SOCIAL CUSTOMER CARE

Top Industries in Social Customer Care Sources: Socialbakers, data range: Q4

For the first time in 2 years: Sources: Socialbakers, data range: Q4

Twitter follower interactions have doubled in 2013 Twitter follower interactions have globallyglobally doubled in 2013 +118% Increase of average number of user mentions of brand profiles Sources: Socialbakers, data range: 1.1.2013 – 31.12.2013

Some think ignoring crises on social is OK Sources: Socialbakers, data range: 1.4.13 – 1.7.13

And some still can’t get it right.

While others know, that handling it right... KLM More than 100 Employees 1 Hour Response Time, 24/7 10 Languages

AIRLINES … pays off % of Engaged Users KLM AZUL Emirates AirAsia Turkish Airlines GOL Nasair Air France Qatar Airways Southwest Airlines Sources: Socialbakers, data range: Q4 % of Engagement

So, how do analytics-driven marketers perform better? #socialinsights

They know Teenagers Are Not Leaving Facebook

Social is not about one metric, it’s about all of them Fans / Fan Growth Activity of Your Page Engagement Rate / Reach Response Rate Response Time #socialinsights $ Paid media

Analytic tools give the users competitive advantage

Analytics users have up to 2x times better results Average Interactions in 2013 20000 18000 16000 14000 12000 10000 8000 6000 4000 2000 0 2013-01 2013-02 2013-03 2013-04 2013-05 2013-06 2013-07 2013-08 2013-09 2013-10 2013-11 2013-12 Sources: Socialbakers, data range: 1.1.13 – 31.12.13

… and better Engagement 0.0018 Average Post Engagement Rate 0.0016 0.0014 0.0012 0.001 0.0008 0.0006 0.0004 0.0002 0 2013-01 2013-02 2013-03 2013-04 2013-05 2013-06 2013-07 2013-08 2013-09 2013-10 2013-11 2013-12 Sources: Socialbakers, data range: 1.1.13 – 31.12.13

10 out of the Top 50 global Facebook pages use Socialbakers Analytics

Listening Management Native tools Socialbakers Competitive intel. NO NO NO YES All metrics possible are available NO NO NO YES Benchmarks NO NO NO YES SOME YES YES YES Keyword analysis YES SOME NO YES Sentiment analysis YES NO NO MANUAL Deep platform insights YES YES YES YES NO NO NO YES YES YES NO YES YES NO YES YES Publishing Social customer care metrics Multi-platform look Real-time analytics

Listening Management Native tools Socialbakers Competitive intel. NO NO NO YES All metrics possible are available NO NO NO YES Benchmarks NO NO NO YES SOME YES YES YES Keyword analysis YES SOME NO YES Sentiment analysis YES NO NO MANUAL Deep platform insights YES YES YES YES NO NO NO YES YES YES NO YES YES NO YES YES Publishing Social customer care metrics Multi-platform look Real-time analytics

Regional Insights

Sources: Socialbakers, data range: January 2014

The TOP 5 industries take 60% of user likes others 16% ecommerce 17% finance 2% retail food 3% fashion 13% place 3% services 4% travel 5% beauty 13% fmcg 7% electronics 8% Sources: Socialbakers, data range: January 2014 retail 9%

Sources: Socialbakers, data range: January 2014

Sources: Socialbakers, data range: January 2014

SMRT Case Study #socialinsights

Fake FB page more than 2x bigger than the official - FAKE Confused customers post queries on a wrong FB page and Twitter handle of consumers say the posts made by companies on social media influence their purchases. - OFFICIAL - OFFICIAL

Hijacking identity & Damaging brand image

Takeaways • Hygiene - Set up your analytics & KPIs • Insights - Only real time data distribution is insightful • Innovate! - The only constant is change! #socialinsights

The Social Marketing Workflow #socialinsights

What are the issues? #socialinsights

Team competencies & KPIs What companies need to deal with Goal settings Crack the ROI quantification code ...on the STRATEGIC level Reporting results

Getting through the clutter What companies need to deal with Creating Content Having the right data ...on the TACTICAL level Managing Conversation

Social Media Workflow by Socialbakers #socialinsights

Analyze to understand #socialinsights

Why is analytics important? Monitor performance of any page without Admin rights Gain Valuable Insights & Competitive Intelligence Analyze & Optimize Your Performance #socialinsights

Live demonstration: Socialbakers Analytics

Thomas Romieu Group Digital Director at LVMH “Socialbakers has fundamentally changed the way that LVMH plans, implements, and optimizes our social media. Its technology saves us tremendous amounts of time and resources.”

Twitter Mentions Correlate with Bitcoin Sales Volume of BTC traded vs. Twitter mentions Volume (BTC) Daily Mentions (of Bitcoin) 140000 1200 120000 1000 100000 800 80000 600 60000 400 40000 200 20000 2-Mar 1-Mar 28-Feb 27-Feb 26-Feb 25-Feb 24-Feb 23-Feb 22-Feb 21-Feb 20-Feb 19-Feb 18-Feb 17-Feb 16-Feb 15-Feb 14-Feb 13-Feb 12-Feb 11-Feb 10-Feb 9-Feb 8-Feb 7-Feb 6-Feb 5-Feb 4-Feb 3-Feb 0 2-Feb 0

The more engagement the more BTC is sold Volume of BTC traded vs. Tweet ER Volume (BTC) Average Tweet Engagement Rate [%] 140000 10% 9% 120000 8% 100000 7% 6% 80000 5% 60000 4% 3% 40000 2% 20000 1% 2-Mar 1-Mar 28-Feb 27-Feb 26-Feb 25-Feb 24-Feb 23-Feb 22-Feb 21-Feb 20-Feb 19-Feb 18-Feb 17-Feb 16-Feb 15-Feb 14-Feb 13-Feb 12-Feb 11-Feb 10-Feb 9-Feb 8-Feb 7-Feb 6-Feb 5-Feb 4-Feb 3-Feb 0% 2-Feb 0

ANALYZE TO UNDERSTAND the future movements of the market #socialinsights

Engage with your community #socialinsights

#socialinsights Brands Using Publishing Tools Produce 37% More Content. Source: Socialbakers database

Why a publishing platform ? Manage Content Across Multiple Platforms Fully Control the Publishing Process Improve Content Performance #socialinsights

Live Demonstration: Socialbakers Builder

The answers bring more questions Average Number of Questions 400 350 300 250 200 150 100 50 0 Socially Un-Devoted Socially Devoted

More answers mean more interactions Average Number of Interactions 120000 100000 80000 60000 40000 20000 0 Socially Un-Devoted Socially Devoted

ENGAGE WITH YOUR COMMUNITY to reach & engage more #socialinsights

Promote your best content #socialinsights

#socialinsights

Why promote your content ? Accelerate Performance of Popular Content Drive Success of All Social Campaigns Target the Right Audience for Every Campaign #socialinsights

Is your Fan also a Fan of your competitor? 1 2 Pilsner Urquell Staropramen Staropramen Competitor: Pilsner Urquell Country: Czech Republic Overlap: 19 % Budweiser Budvar Competitor: Budweiser Budwar Czech Country: Republic Overlap: 16 % 1 Page Size 2 Fan Overlap

Automatically Boost Social Advertisements Post’s Livetime Invest into successful organic posts at the right time to amplify impressions, reach and engagement.

Live Demonstration: Socialbakers Ad Analytics

“With Ad Analytics, we are able to turn insights into action! We run successful Facebook campaigns while saving costs, driving product and service promotions.” Wolfgang Strum Head of Social Media Management, A1 Telecom

Marketers are slowly learning how to target 81 % All Facebook 42 % Desktop Logout January News Feed (Desktop and Mobile) December News Feed (Desktop) News Feed (Mobile) Right-hand Column Typeahead In 2013, advertisers became more aware that blasting messages across all types of ad placements is not the most effective way of driving campaign success metrics.

Only 9% of Posts Are Boosted! Even though it clearly increases the reach! Post Types Distribution of Post Types All Types % Increase In Reach By Paid 19.08 % Photo 76.29 % 20.57 % Video 4.85 % 17.78 % Link 13.18 % 19.69 % Status 2.23 % 4.97 % Not all content types work the same when boosted. Takeaway: Never boost a Status!

PROMOTE YOUR BEST CONTENT Don’t waste resources on statuses! #socialinsights

Social Media Workflow by Socialbakers #socialinsights

Jana Zizkova VP of Professional Services jana@socialbakers.com #socialinsights

Moving up the Social Media Maturity Curve #socialinsights

Tailor made social solutions

Source: Altimeter, A State of the Industry Report, October 2013

Social Strategy Bottom – Up Approach Top-Down Approach

Social-Wise CEO

WORKFLOW INTRODUCTION The Social Crusader UNDERSTAND INTERACT OPTIMIZE #socialinsights

Eliminate the “Social Media Silo” » Does your CEO and management use (support/understand) the social? WORKFLOW INTRODUCTION » Do you have a positioning of social media in the UNDERSTAND context of PR and communication? INTERACT » Is Social part of the HR policy? OPTIMIZE » Is social part of the overall vision/strategy of the organization?

Social Media Business Accelerator … provides know how on how deeply your Social Strategy is connected with your overall (marketing and sales) business goals …..analyzes the structure and the process of your social media team Analysis of 12 key areas in social media via business

Stage 4 reached 68%

Social Command Center

Occasional TV!

TO DO list: A)… validate your metrics & KPIs » Define metrics that matters B)… constantly innovate WORKFLOW INTRODUCTION » Review your Social/Digital Strategy frequently UNDERSTAND C)… adapt the org. structure & technology » Update workflow & tools INTERACT D)… keep the customer first OPTIMIZE » Define the right Social Customer Care, manage the Advocates & Influencers E)… become the social evangelist » Unlock the power of social in the whole organization

Small & Tactical Big & Strategic

Summary & Conclusions What next? #socialinsights @socialbakersAP

• Unique opportunity to leverage Social Media • • • Analyze Engage Promote • APAC will have the largest Social Community by 2017 • Working with global platforms therefore the potential to reach a global audience • The time is now to get Socially fit #socialinsights

Socialbakers Worldview

Thank you! #socialinsights @socialbakersAP

#socialinsights presentations

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