St. Louis Missouri (MO) Small Business Social Media Marketing

What does it cost to think?

The Original Post: What is the cost of thinking? Can be found at: http://www.relationship-economy.com/?p=5232

Your boss says”Our competitors are stealing our customers using this social media stuff. We need to use this stuff and do it better than our competitors and we need to do it NOW!”

You are then tasked with “doing it” but you have no experience or knowledge of what to do. So you look for help and find an outside resource whom supposedly has the experience and knowledge to know what to do. You bring the option of hiring this person to your boss and they ask about the cost and what will they get from using this resource.  You tell your boss the cost but aren’t sure exactly what it is you’re going to get. Then your boss says “I know we need to do this but I don’t know what it is or what we’ll get from it”.

How can a company put value on something they don’t understand?  How can they understand if they have no reference to “think about it”?.

What Is Required To Think?

Thinking about social media cannot increase understanding without the appropriate knowledge. Anything new or innovative takes time to understand and determine how to use it effectively.  In order to think effectively one must first acquire the knowledge necessary to think about using social media strategically, tactically and with specific purpose. Without the knowledge thinking will only produce the wrong outcomes because your thoughts are limited to what you know, not what you don’t know.

The reality is that learning to leverage social media requires people and organizations to reThink everything. This thing everyone calls social media has serious strategic implications and to just “do it” without gaining the knowledge to think about what needs to be done is a sure disaster.

Think About This

A business runs on communications. Without being able to effectively and efficiently communicate you end up wasting time and money. Money represents time and cost in rework, fixing misunderstandings, setting the wrong customer expectations and  not effectively and efficiently communicating to your employees, customers and your market.

The cost of not thinking about these issues is increased cost. However being able to “think” about these issues may require the infusion of new knowledge which may not exist in your organization. W. Edwards Deming once said “knowledge required to change the existing system to a better system must come from outside the existing system”. Why? Because the existing system is blinded by its own thinking. Get it?

Thinking About Social Media?

Who isn’t? The Corporate Executive Board said “Most companies are embracing social media—but too many are wasting their efforts through sloppy management”

More than 70% of companies are already using social media; many are planning to increase their spending on social media across the coming years. Whether for learning from customers, building their brands or a range of other hoped-for outcomes, companies are clearly diving in.

If you dive into the social media water without knowing its depth or where the rocks are you are likely to break your neck.  To avoid breaking your neck you should first get the knowledge about that which your about to dive into.  Without knowledge people, and entire organizations, perish.  Think before you jump. But before you can think effectively you must first get new knowledge.  Social media knowledge doesn’t come from self appointed gurus or experts who know how to get you followers and traffic. The cost of thinking increases when you don’t think. Get it?

What say you?

Great article written by Lorrie Thomas – Web Marketing Therapy

Had to pass it on to all of you, she’s right on target!!

Social Media Marketing for Small Businesses

Social media platforms build buzz, boost business and serve small businesses as low-cost/no-cost marketing tools. Small business owners need to understand how these tools strategically serve and support small business first so they best implement social media strategies to sell products and/or services.

How Social Media Serves and Supports Small Business

Social Media, simply put, serves users and organizations in marketing in three ways:

1. Communication

Marketing is all about building relationships — relationships start with communication. New web tools like blogging, micro-blogging (Twitter), social networking (Facebook, LinkedIn, Ning), podcasting (BlogTalkRadio), video distribution (YouTube), event coordination tools (Meetup), wikis (Wikipedia) photo sharing (Flickr, Photobucket), and product review sites (epinions.com) allow small businesses to communicate, educate and share information directly with their current and prospective customers.

Content in the form of blog posts, audio, video, comparison/review sites, tweets and social network messages help share information in a less-formal way that builds the know, like and trust factors that influence decision making. Content is no longer just text. Small businesses can use audio or visual content for a “show me” and “tell me” to make communications a pack more interactive punch.

Social media’s direct communication distinction serves and supports small business as it brings the people you want to attract directly to you and makes direct communication possible. Social Media makes communication a conversation so small business owners can share, receive feedback and connect on equal ground with their target markets.

2. Collaboration

When small businesses empower their target consumers, they feel powerful. When your target market feels powerful, it trusts you, buys from you, and stays with you. Social media collaboration transforms consumers into prosumers. In an era of social media prosumers, it’s people (not companies) who make, shape, or break purchase patterns.

Small businesses can ignite collaboration for marketing by creating their own communities and/or joining communities. By doing so, they can listen and connect to their target customers and build a free forum to bring their market together. Collaboration = Marketing Acceleration.

Social media collaboration tools like review sites, video sharing sites, blogs, wikis and more allow users to self-serve, collaborate, and potentially serve as an endorser for your small business. Social media works as a marketing tool because people are more likely to trust peers rather than companies.

The power of mass collaboration serves and supports small business owners in a distinct way. Tapping/creating valuable collaborative options can bring people together to share ideas, exchange information, and help each other — and support relationship growth. Removing the “company/client” disconnect can break down elitism and boost marketing mind power.

3. Entertainment

The most important reason that social media works as a marketing tool is simple — because it’s fun. People want to go where they feel they belong, have a voice, are listened to, and enjoy themselves. Small business owners need to be where their target markets are — and these days, the masses are on Facebook, Ning, Twitter, Linkedin, Photobucket, YouTube and more because it has entertainment value.

Remember the Will It Blend? campaigns by Blendtec? They were a perfect example of social media marketing in brilliant action. Videos were relevant as they showed the product, were entertaining (they blended an iPhone!), and they were viral! People could easily share the fun with friends due to the ease of social media sharing widgets.

You can’t put a dollar amount on free promotion. The way social media stores data as an “Interactive Rolodex” also has an entertainment factor. Sites like Facebook and LinkedIn are becoming the “new databases” because they are fast, easy, and fun. People are more likely to update their Facebook and LinkedIn information than a sterile address book because it is fun.

Small business owners use social media’s entertainment factor to build their online database of contacts and connections, be visible to prospective customers, and get the word out in creative ways like YouTube videos, blog posts, images, podcasts to make people smile and spread the word.

How Social Media Helps Small Businesses Sell

Social Media Marketing helps most small businesses boost sales indirectly by increasing relationships. Understanding that social media marketing serves users for communication, collaboration, and entertainment is the first step to considering how to strategically implement the multitude of social media marketing tools and choose the ones that work best for your unique organization.

The key thing that small businesses need to remember when using social media to help sell is that efforts must have value. There has to be value to your content, community, and execution to get people to engage with you or your organization. Social media doesn’t sell things — people sell things. Engaging in social media marketing starts the relationship-building process. Start small and snowball. Social media takes understanding, passion, effort, and commitment to make it work. Give your small business an authentic voice with social media and commit to providing value and you will be off to a smart start.

Lorrie Thomas, MA is a Marketing Therapist that helps small businesses get BIG with web marketing. Her team of “wild web women” at Web Marketing Therapy empower professionals with healthy doses of marketing advice to gain maximum wealth from the web. Lorrie speaks nationally and teaches Web Marketing, Social Media Marketing and Search Engine Marketing courses at UCSB and Berkeley Extension.