Welcome Farm Credit 10th District

Tue, Jul 28, 2009

Blogging, Content, Marketing, Social media, Social networks, Uncategorized

Below are a number of resources related to my talk, “Social Media: Friend or Foe?” given on November 19, at a marketing conference hosted by the Farm Credit Bank of Texas. I want to thank Stan Ray and Lora Blume for their tremendous hospitality and everyone who attended for their kind attention and challenging questions.

Social Media Friend Or Foe

Key points

What is social media?
Thousands of web sites that allow individual users to create, share, and rate content — and connect with others who share common interests.

Why should you care?
1. Rapid growth in use & influence of social media sites.
2. Resulting power shift: individuals exert more control than organizations over content & message.

Top social media sites/activity include:
•    Blogs (77% of active Internet users read them)
•    User-generated content (photos, video, reviews, documents)
•    Facebook (276MM per month)
•    Myspace (124MM per month)
•    Twitter (7MM users)

Social networking by age/gender
•    35% of U.S. adults
•    65% of U.S. teens
•    85% of Gen Y (2% increase since ‘08)
•    28% of Baby Boomers (59% increase since ‘08)
•    35% of men*
•    35% of women*

Farmers & social media
•    55% of farmers online
•    27% have high-speed
•    65% of farmers* use Internet “constantly or several times a day at work”

How can you put social media to work in your organization?
•    Customer service
•    Market research
•    Employee communications
•    Community outreach
•    Public relations
•    Marketing

How to adopt social media in 5 easy steps
1.    Listen to the conversations.
2.    Determine how you want to engage.
3.    Set boundaries.
4.    Rethink your content.
5.    Embrace R&D as a way of business.