Information for the connected business professional
Header image

Companies today can choose to be active in social media/Internet marketing, but they cannot prevent individuals from posting messages or articles (positive or negative) concerning their product or services.

All across the web you are able to visit “referral web sites” that allow individuals to review products and services from the companies they frequent whether locally or online. “5 Basics For Making the Scene in Social Media“ shows us five ways to be successful when engaging with our customers. Being genuine and active online with them builds trust and a basic foundation. 

Also, remember you’re the subject matter expert regarding your product or service, so share some of that knowledge with your followers. Example: If you’re a plumbing company post some Handy Dandy Tips to prevent drain problems. Communication via social outlets is the key that can help your business succeed virally and through word of mouth locally.

Belinda Sissom, March 6, 2010

Note: Post not sponsored.

As social media becomes an increasingly popular tool for marketing, your business has no reason to stay away, claims the CRM Buyer in “5 Basics for Making the Scene in Social Media.”

Businesses are nervous about negative attention with social media, but the article explains that there will be negative messages with or without your presence.

By following five simple steps, businesses can combat bad social media and generate gobs of positive attention. The story says newcomers need to be genuine, build relationships, engage in the conversation and provide both valuable and fresh content. Following these simple rules will help your company or product build a lasting, honest image in customer’s minds. Just like with any marketing strategy, by being clear, helpful and truthful you might just be able to strengthen relationships in ways direct marketing campaigns only dreamed of a few years ago.

Patrick Roland, March 5, 2010

Note: Post not sponsored.

Top online retailers are missing the boat when they disregard social media. A new study by ForeSee Results profiled in “Study: Half Of Top Web Retailers Have No Meaningful Facebook Presence,” says that only 25 percent of the top online retailers by sales volume have a formal presence on Facebook, which has 400 million active users worldwide. ForeSee vice president of retail strategy Kevin Ertell says such lack of presence is a mistake since almost half of those who connect with retailers via social media are looking for special offers or product information. He recommends starting a Facebook Page and “make sure you have someone to monitor it and post good, timely information.” And don’t ignore the other social networking sites. If in doubt, ask your customers. “Asking customers what they want from you is a great way to begin,” says Ertell. Whichever site you choose, at least get out there where you will be seen by this booming market.

John Sniffen, Feb. 28, 2010

Note: Post not sponsored.

Marketing consultants Econsultancy and ExactTarget sampled over 1,000 companies and found that digital marketing will comprise an impressive 24 percent of overall marketing in 2010. If the actual numbers stay close to that estimate, it will mean that the phenomenal growth of social media could easily double this year. Silicon.com’s Tim Ferguson turned up another startling trend amidst the research and reports in “Social media and SEO: Where you’ll spend your marketing budget this year.” Over one fourth (28 percent) of the companies surveyed are shifting their current marketing funds to digital channels from traditional methods, such as direct mail, print media and radio. While your business model may be floating along on the back of traditional marketing, that doesn’t mean that your current and prospective customers won’t test the social media waters. The reality is that if you don’t reach out to them and find some means of riding the dominant digital marketing trend, your competitors probably will.

David Thimme, Feb. 25, 2010

Note: Post not sponsored.

What is potentially harmful can also be very beneficial to your job hunt. In switched.com’s recent article, “70% of Employers Have Rejected Applicants Over Online Info,” they repeat the common warning that people other than your fraternity brothers might be reading your comments and viewing your photos. It might just be the recruiter for the firm where you just applied for an exciting opportunity. We are reminded of this side of social media often.

However, this article also points out that there is a positive side to recruiters or potential employers viewing your profile online. They quoted Microsoft survey results in saying 86% of U.S. HR workers said that a good online reputation can have a positive impact. If you are active in charitable organizations in your personal life and that is evident in your updates and photos of fundraising activities, the first impression is a great one.

Melody K. Smith, Feb. 25, 2010

Note:   Post not sponsored.

A UTalk Martketing article, “Marketers not sure into which category social media falls” talks about a new study from the Internet Advertising Bureau that says 88% of brands rated social media as “important” and plan to allocate more of their budget to it in the coming year. But whose responsibility is it to handle this new, social tool? Many respondents said marketing, but a few added PR, research, customer service, and even IT. It seems a wise choice would be creating several social media teams, spanning departments, and giving the best overview of this new landscape. Companies can no longer avoid it: social media should play an integral part in new product campaigns, particularly on sites like Twitter and Facebook, which were rated among the top by advertisers using social media. The challenge is allocating resources appropriately and using the social interaction to gain customers, ensuring a ROI, all while holding a professional, accountable presence.

Wrap-up: Discuss social media usage with all your departments, forming a plan of action to ensure a wise online strategy.

Sam Hartman, Feb. 24, 2010

Note: Post not sponsored.

If there’s one thing social media is good at, it’s garnering support for something quickly, and this recent episode of social media influence illustrates that perfectly. Ear X-Tacy, Louisville’s premier independent record store, held a much-anticipated press conference on Feb. 12 previewed in the Courier-Journal article “Owner of ear X-tacy voices concern for future of store”. Owner John Timmons voiced “concerns for survival” due to sales, high rent, and economic woes. The store, which opened in 1985, has been an iconic shop in Louisville for local music, national acts, and the community of artists in Louisville as a whole and often draws tourists.

But even before the press conference, when a press release hinting at trouble was released, local music supporter Becca Barhost started the Facebook Fan Page “SAVE EAR X-TACY!!” to gather support for the store. The plea: “The Louisville we all know and love would NEVER BE THE SAME without Ear X-Tacy.”

The result is immense: in a little over a week the page has more than 30,000 fans. In contrast, the store’s own Facebook has only a little over 3,100 fans. Sean Bailey, a manager and employee of Ear X-Tacy said in an e-mail that the campaign was done independently of anyone working at the store. He added that while Barhost’s sister campaign, “Ear X-Tacy Blitz Week,” is technically scheduled for March 1-5, sales have already risen dramatically in addition to an outpouring of support for the store.

“Blitz Week” is the real-life version of a viral social media event. The call for support: “This is not just a matter of loving the store anymore, it’s a matter of shopping locally and keeping our independent businesses and economy alive. Don’t let chains take over!” Its event page has over 2,800 confirmed “guests,” with supportive posts discussing what each person plans to buy to help out the store. To those who can’t attend? A clever link to buy product online from Ear X-Tacy is displayed on the page.

Reader comments in the Courier-Journal article “Owner of ear X-tacy voices concern for future of store” reflect the belief that Ear X-tacy should have started making marketing changes sooner in light of giants Amazon.com and iTunes crashing onto the music scene and doing their best to make brick and mortar retail music stores obsolete.

While Ear X-tacy is no stranger to the online world, its presence doesn’t seem to reach too far. Bailey said the store doesn’t have an official policy on social media but uses Facebook and MySpace to promote new releases, in-store concerts, and sales. The store’s MySpace page is detailed, offering its 19,000-plus friends a great way to interact with the store digitally through blog posts and dynamic content. The Facebook page is also up-to-date and busy.

While the future of Ear X-Tacy is still uncertain, a part of the Louisville community–and beyond–has voiced support, both digitally and monetarily, for the store. With causes spreading quickly through social networks, this record store could reap the benefit of the new social age in which we live if it continues to ride the wave and reinvent itself through social networking.

Sam Hartman, Feb. 23, 2010

Note: Post not sponsored.

There is still resistance in the marketing world to fully utilizing social media. What will it take to convince businesses of just how pervasive it is? As American’s economy continues to struggle, the plan to keep customers coming back is crucial. Developing a social media marketing plan, as discussed in “How Important is Social Media in a Marketing Plan?,” can be challenging, but ultimately necessary to capture the “paradigm shift” from a traditional, mechanical marketing structure to a “new and evolving organic model.” A similar article, “Why Many Small Businesses are Still Struggling,” highlights this model with some key points: consumer exposure through social networks, “soft sells” through indirect messaging, and relationship-building, conversation-starting communities about the products and services your company offers. This open engagement can’t be stressed enough, and must be executed through social avenues like Twitter and Facebook. Do some research to see the power of Web 2.0 marketing and how social media can benefit your business.

Wrap-up: Still don’t believe social media is important? Watch this YouTube video.

Sam Hartman, Feb. 23, 2010

Note: Post not sponsored.

Difficult to measure does not necessarily mean difficult to achieve. In thenextweb.com’s recent article ”Rethinking the Value of Social Media to Online Shopping,” they propose that retailers using social media to attract new customers have yet to see positive results. They believe the only incentive to “follow” a particular retailer for customers is for advanced notice of sales and incentives; not any different than being on an e-mail list. For what it’s worth, I disagree. Engaging customers in any method, social media or otherwise, is a positive step towards initial or continued business from that customer. Can you always measure it on a spreadsheet or give it an ROI value? Possibly not, but since when is customer service – and that is what we’re talking about – not a good investment?

Melody K. Smith, Feb. 22, 2010

Note:   Post not sponsored.

It appears that many businesses are willing to take that risk and increase their marketing spend on social media advertising even though the ROI is not as cut and dry as say, e-mail marketing. Website Magazine recently shared a report of digital marketing budgets in “Are Businesses Drinking the Social Media Kool-Aid?” that revealed 70% plan to up their spending on social media in 2010 but only 19% considered the ability to measure results for these mediums to be good. In contrast, over 50% consider the measurability to be good on email marketing channels. Is the ROI really that hard to measure or are they looking at it on its own and not in conjunction with their existing messages and strategies? The real benefit of social media is providing a consistent message and adding value to your core marketing.

Melody K. Smith, February 21, 2010

Note:   Post not sponsored.