The document discusses how to monetize social media. It defines social media as activities that integrate technology, social interaction, and sharing content. To monetize social media, businesses must understand consumer intent and conversations by participating in them. This allows leveraging intent to gain traction, add value to the conversation, and eventually monetize social media efforts. The key is understanding intent in order to influence and pipe consumer searches and conversations back to products and services.
5. Officially, social media is an umbrella term
that defines the various activities that integrate
technology, social interaction, and the construction
of words, pictures, videos, and audio.
Wikipedia would say: Businesses also refer to social
media as consumer-generated media (CGM). Social media
utilization is believed to be a driving force in defining the
current time period as the Attention Age. A common
thread running through all definitions of social media is a
blending of technology and social interaction for the
co-creation of value.
6. Question: Do you want to create value
with your efforts?
Or do you want to monetise
your efforts?
7. There are 65 billion searches done on Google every
month! In the last 10 years we have become an
information hungry society, and it兵s not going away - can
you pipe these searches back to your product or service?
10. Everything in business starts with a
conversation!
Social media is the conversation -
therefore, to monetise the
conversation/s and/or social media
you need to have a method of piping
the intent.
This is as individual as you.
14. conclusion:
Be part of the conversation, its
happening anyway.
Understand intent and how to leverage it.
This will allow you to gain traction, add
value and monetise social media.