Does Social Media Really Work? 5 Take-Aways from our June Luncheon

IABC St. Louis’ June luncheon drew professionals from a wide variety of industries and experience levels. One thing everyone had in common was the desire to understand whether Social Media really can make a difference. We’ve been inundated with articles lately proclaiming that social is broken. With titles like “There is no ROI” and “One in five companies say they’re losing money in social,” it’s no wonder people are starting to question its true merit. But as our guest speaker, Brian Cross, explained, it’s understandable. Brian is managing partner and co-founder of Elasticity, a digital communications firm here in St. Louis. He’s also Executive Director and co-founder of Rally St. Louis. It goes without saying that we were all tuned in for what he had to say about social media. The truth is there are issues with social: The Community Manager role has changed, there have been reach and engagement issues, ROI is hard to define, and it’s difficult to tie social directly to sales, among other things.  Brian had a great deal of info to share with us in just an hour’s time, so here are the top 5 take aways from our June luncheon: 1. The sales funnel is no longer linear, because the purchase process is no longer a linear one! Rather than an upside down triangle (awareness – familiarity – consideration – purchase – loyalty), social media has changed the look of the funnel. The new sales funnel is filled with twists and turns. The two most important pieces being purchase consideration (word of mouth, peer comments/recommendations and online social behavior) and post-purchase experience (complaint or delight,...

Does Social Media Work Anymore?

Social Media was the darling starlet of the marketing world, but as time and technology move on, people have begun to wonder if the luster has worn off.  CMOs have questioned its role in the marketing mix, ROI calculations still prove to be elusive, audiences continue to shift and the direct connection to incremental sales is just not there in many cases. Which leads us to ponder…has Social Media lost its way? Brian Cross from Elasticity and Rally Saint Louis will discuss new ways of looking at Social Media as part of the communications landscape and reset expectations of the medium as a valuable communications tool.  He will also go over new ways of collecting and analyzing data to help provide quantitative results to know that the time and energy put into Social Media are paying off. REGISTER NOW Thursday June 26, 2014 11:30 AM – 1:15 PM Meeting fees: $30 – Members $40 – Non-members $20 – Students ** No-shows will be billed their registration fee to reflect the per-person meeting costs. Location: Maggiano’s Little Italy#2 The Boulevard Saint Louis Richmond Heights, MO 63117-1122 Time: 11:30 a.m. – Registration and Networking 12-1:30 p.m. – Program About the Presenter Brian Cross: Brian is the Co-Founder, Managing Partner and Director of Rocket Science at Elasticity, a modern communications company based in Saint Louis.  Brian is also the co-founder of Rally Saint Louis—a non-profit focused on citizen-led crowdfunding and social sourcing of ideas for a better region. Prior to his role at Elasticity, Brian was Senior Vice President and Global Practice Group Leader of Fleishman-Hillard’s digital communications practice.  Brian has more than...