In this 3rd part of our series, we tackle the ever-growing, sometimes understood topic of Social Media. Now, let’s be clear on what social media is. Facebook? Sure. Twitter?Yup. MySpace?Foursquare?YouTube? All yes. Social Media as defined by Wikipedia is “Social media are media for social interaction, using highly accessible and scalable publishing techniques.” In normal English, Social Media sites are websites that allow social interactions between individuals and groups and encourage user-generated content. It is also the great advertising vehicle of the 21st century and something you are going to have to deal with if you expect your business to succeed. Now, I paint here with a braod stroke, because there are businesses that will not benefit from social media and not all social media sites are appropriate to all web businesses. If you have a brick and mortar location, you want to make sure you are involved in FourSquare which allows for location-based interactions and sharing. If you’re a global or regional company, there’s less reason to spend your time there.
Time..that’s the whole key to social media. What are you spending your time doing? Are you investing your time and your company’s time to maximize your presence or are you spending the time to create a presence only to waste that time by not keeping current. If I had a bakery in New York City, arguably the most densly competitive marketplace in the world, I would need to have a presence everywhere. I would either invest my time, or hire someone I trusted to spend the hours needed to work the social media outlets. Back in the middle ages of the 20th century, advertising consisted of print, radio , bilboards and tv. TV was much too expensive for local businesses, until cable came along and leveled the playing field some with low local advertising rates. Social Media is an extension of that with the playing field further leveled by having free avenues. The investment is time and this is what will differentiate you from your competition. The great majority of small companies jump into social media and within a couple of weeks, the enthusiasm wanes and the profiles stagnate. You need to have realistic expectations. Social media marketing is not like pay-per-click or traditional advertising avenues. It’s a long term endeavor. You need to engage potential clients. You need to provide a reason to commit to you as an individual and to your business. Offer something of value for free to get your potential clients interested in what you can do for them.
In closing this part of the series, social media is a constantly changing landscape that you need to decide whether you can devote the necessary time to nurturing. If you can devote the necessary time and have the right expectations, you can get a huge reward, but if you go in halfway, it will show and act as a negative against your business.
Check Back Soon for Part 4: Forums and Your Page Rank
Posted by marcusinteractive