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Colorado Association of Funders Social Media Presentation.PDF what is social media and why does it matter to me? February 3, 2010 Guest Speakers from Red Door Interactive Tony Felice, Senior Strategist Scott Esmond, Director of Business Development what is social media and why does it matter to me? Agenda . What is social media? . The impact of social media . Communication is changing . Why does it matter to me? . Why bother? . High expectations . Low awareness . What can social media do for us? . Examples . Conclusion WHAT IS SOCIAL MEDIA? what is social media and why does it matter to me? Social Media . All media is inherently social 1 Billion . Communication vector Videos viewed per day on YouTube.1 YouTube . Ubiquitous outperforms Yahoo! as the second largest search . Social media is a solidarity good engine.2 . User Generated Content Source: YouTube, ComScore . Blogs . Wikis 4.1 Billion SMS text messages that . Lifestreaming are currently sent each day, nearly doubling . Review sites the number from last year. 3 . NOT a broadcast (or push) medium Source: CITA 2/3/2010 ©2009 Red Door Interactive 4 what is social media and why does it matter to me? The Impact of Social Media Consumer Trust in Advertising*5 Recommendations from people known Consumer opinions posted online The explosion in Brand websites “ Consumer Generated Editorial content (e.g. newspaper article) Media over the last Brand sponsorships couple of years means TV consumers’ reliance on Newspaper word of mouth in the Magazines decision-making Radio process, either from Billboards / Outdoor advertising people they know or Email signed up for online consumers they Ads before movies don’t, has increased Search engine results ads significantly.”4 Online video ads - Jonathan Carson Online banner ads President of Online, International, Text ads on phones The Nielsen Company 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Source: The Nielsen Company *Respondents reported some degree of trust in the respective advertising medium e.g. 90% of respondents trusted "completely" or "somewhat" recommendations from people they know5 2/3/2010 ©2009 Red Door Interactive 5 what is social media and why does it matter to me? The Impact of Social Media . What’s the buzz about? . Consumer Behavior 2 Billion pieces of content . Measurability shared weekly on . Availability and ubiquity Facebook 6 . Challenges Source: Facebook . Point of message origination . Lack of (direct) control 350 Million . Shift in power Population of Facebook7 Source: Facebook . Solution . Be honest, transparent 309 Million . Trusted helmsman Population of US8 . Plant seeds Source: US Census Bureau 2/3/2010 ©2009 Red Door Interactive 6 what is social media and why does it matter to me? What is social media? . Social media is a trend in which people Social media is a use technologies to get the things they “ social trend in which people use need from each other, rather than from technologies to get traditional institutions the things they need from each other, . Today technology enables anybody to rather than from become an author, journalist, traditional institutions” photographer or film maker - From Groundswell by Charlene Li and Josh Bernoff9 2/3/2010 ©2009 Red Door Interactive 7 what is social media and why does it matter to me? COMMUNICATION IS CHANGING what is social media and why does it matter to me? Communication is Changing . If Facebook were a country, it would be the third largest at 350 million . Social media now 4th most popular online activity, ahead of email (Nielsen, Mar 09) . 184 million people worldwide have started a blog . 346 million people worldwide read blogs, 77% of the internet population . 25% of search results for the world’s top 20 largest brands are links to user-generated content 2/3/2010 ©2009 Red Door Interactive 9 what is social media and why does it matter to me? Communication is Changing . Barriers to entry to using technology are …a credible idea reduced “ makes people . Trust in marketing has waned believe. An emotional idea . Newspapers are going away makes people care. Command and control communication …the right stories tactics are becoming less effective can make people act.” - From Made to Stick by Chip & Dan Heath10 2/3/2010 ©2009 Red Door Interactive 10 what is social media and why does it matter to me? So what? WHY DOES IT MATTER TO ME? what is social media and why does it matter to me? Why bother? . Foundations are different This concept that we . It’s not about us ““ have ‘control‘ of our message is . Our communication structures work ultimately False. At least with . We can’t control the message interactive Web 2.0 tools we are able to participate in the conversation.” - Corrie Rasier, senior web product manager for the Bill and Melinda Gates Foundation11 2/3/2010 ©2009 Red Door Interactive 12 what is social media and why does it matter to me? High Expectations . Approximately 5 in 10 engaged 2.7 Trillion Americans believe foundations have 2007 Federal enough money to fix problems Government government can’t afford to13 Expenditures12 Source: PAI Digest . 2010 does not look rosy enough 42.9 Billion 2007 Foundation Expenditures12 Source: PAI Digest 2/3/2010 ©2009 Red Door Interactive 13 what is social media and why does it matter to me? Low Awareness 56% Percentage of engaged . Relevancy and role may be in question Americans who can not name a foundation on their . Foundations are not connecting with first try13 their audiences 15% . Grantees Percentage of engaged Americans who can cite . Politicians / public figures examples of a foundations impact on their . Media community13 . General public 11% Percentage of engaged Americans who name a foundation making an impact on an issue they care about13 2/3/2010 ©2009 Red Door Interactive Source: PAI Digest 14 what is social media and why does it matter to me? What can social media do for us? . Awareness On virtually any issue—from . Evaluate grantees “ animal rights and childhood obesity, to climate change . Fundraising and global development— . Community building there are Web communities, forums and virtual gathering . Influence policy / government places where lively . Measure impact discussions play out on a daily basis. Listen / Ideas - David Brotherton, Come On In. The Water’s Fine12 2/3/2010 ©2009 Red Door Interactive 15 what is social media and why does it matter to me? A legendary lesson A potential Cisco applicant tweeted: Cisco just offered me a job! Now I have to weigh the utility of a fatty paycheck against the daily commute to San Jose and hating the work. Tim Levad at Cisco saw the Tweet, and tweeted back: Who is the hiring manager? I’m sure they would love to know that you will hate the work. We here at Cisco are versed in the web.14 Source: Ciscofatty.com 2/3/2010 ©2009 Red Door Interactive 16 what is social media and why does it matter to me? It may be more important to grantees . Awareness 1.6 Billion 10 Billion . Fundraising / friend Projected 2010 2007 total US online Corporate Cause giving 15 raising Sponsorship 15 Source: Cause Marketing Forum . Volunteers Source: Cause Marketing Forum 52% . Relationships with Percentage increase recipients 37% in US giving over Growth in Corporate 200615 Source: Cause Marketing Forum . Innovation Cause Sponsorship . Measure impact dollars since 2005 15 Source: Cause Marketing Forum 24 Million 7 day total pledges via text to Red Cross16 2/3/2010 ©2009 Red Door Interactive 17 EXAMPLES 2/3/2010 ©2009 Red Door Interactive 20 what is social media and why does it matter to me? Conclusion . Traditional communication is adapting or disappearing . The voice of the individual is growing . Your recipients are the building their communities . If you are online, you are already using social media . Your social media strategy should start with your mission and goals . If you do nothing else, start listening 2/3/2010 ©2009 Red Door Interactive 29 what is social media and why does it matter to me? QUESTIONS what is social media and why does it matter to me? Contact the Speakers . Email: [email protected] [email protected] . LinkedIn: Tony Felice Scott Esmond . Twitter: @tonyfelice @sesmond More Info on Red Door Interactive . Web: http://www.reddoor.biz . Blog: http://reddoorbuzz.com . Intern Program: http://groundfloorbuzz.com/ . Email: [email protected] . Twitter: @reddoor what is social media and why does it matter to me? Citations and Reference Fn Source Title Section 1 YouTube y,000,000,000uTube 2 ComScore comScore Releases April 2009 U.S. Search Engine Rankings 3 CITA CTIA–The Wireless Association Announces Semi-Annual Wireless Industry Survey Results 4 Nielsen Consumers Trust Real Friends and Virtual Strangers the Most PERSONAL RECOMMENDATIONS AND CONSUMER OPINIONS POSTED ONLINE ARE THE MOST TRUSTED 5 Nielsen FORMS OF ADVERTISING GLOBALLY 6 Facebook Press Room: Statistics 7 Facebook Facebook reaches over 350Million users 8 US Census Bureau US Popclock Projection 9 Groundswell Groundswell 10 Made to Stick Made to Stick ; Why Some Ideas Survive and Others Die…. Come On In. The Water’s Fine. An Exploration of Web 2.0 Technology 11 Brotherton Strategies And Its Emerging Impact on Foundation Communications 12 PAI Digest High Expectations, High Opportunity Page 5 13 PAI Digest Philanthropy Awareness Deficit Page 2 14 CiscoFatty.com Ruin a “Fatty Cisco Job” with 1 Tweet 15 IEG IEG Sponsorship Report 16 mGive Website Cleveland Foundation Website Baltimore Community Fund (Twitter) Website Overbrook Foundation Website America's Giving Challenge (Facebook) Website Audacious Ideas Website Robert Wood Johnson Foundation (Youtube) Website
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