Archive for December, 2009

The Big Social Media Question

Wednesday, December 30th, 2009

Harvard Business Review posted a great Blog today about evaluating your position in social media.  They asked the big question, “Do you live social?”  I found this article to be very useful when understanding the broad scope of social media.

David Armano wrote: (full article)

Do You Live Social?

Some have asked, Where does social media live? Is it marketing? Is it public relations? Is it IT or corporate? Is it a combination of multiple business units and functions, and if so, who leads the efforts and how does an organization choose partners? These are valid and complex questions, currently with no simple answers. Social media is still emerging and being defined in real time.

There’s a question missing from that litany, one that organizations or individuals rarely ask themselves… (more…)

Social Media Expectations

Wednesday, December 16th, 2009

I was reading an article by Willa Plank from The Wall Street Journal that I would like to share about Social Media Expectations.

Willa Plank writes:  Don’t expect instant sales, but make sure to get actual results. Social media is more about brand outreach. Make sure you have a reasonable goal and a well-thought out strategy to achieve that end. First, listen to what is being said about your business and competitors on Google alerts, RSS queries, Twitter, Yelp and BackType. Make sure you have your profile account names on all print communications you distribute, such as flyers and menus. Identify your biggest fans, and figure out how to organize them or point them out in some way. For example: On Twitter, if you know a person is a loyal customer, mention them in a post or announce a free service or product they’ve won for loyalty. Or reach out to other bloggers in your industry. Sarah Endline, founder of dark chocolate treat maker Sweetriot in New York, said she connected with blog site Hungry Girl and that lead to getting her company’s name out and sales.

Don’t forget social media is a tool to strengthen offline relationships. Many small businesses already have personal ties to customers in their communities, and these tools are designed to enhance those relationships, not replace them. For instance, you can use social-media tools such as YouTube to give customers a behind-the-scenes glimpse of your company, or display more of your personality than you can through an ad. “It also allows you to show your culture,” Endline says. “They’re not just there to [see] a static promotion from you. They want value.” And remember, a social network is “really a big room of people,” author Schaffer says. Use it to “meet” potential clients or business partners, but make sure you follow up with an in-person meeting or phone conversation.

Social Media Icons

Monday, December 7th, 2009

Have you been wondering what those  symbols are on many websites,  blogs and emails?  They are called social media icons and they are your friend!

Social media icons allow for people to find your social media sites and bookmark you on their favorite bookmarking sites.  These icons are easily recognizable and will assist in driving people to other sites you participate in.

from Jonathan Bishop's site

from Jon Bishop's site

Are you looking for free social media icons or “share” icons?  Try this link:

http://www.jonbishop.com/2009/06/27-excellent-free-social-media-icons-sets/

Formula for Measuring Social Media ROI

Thursday, December 3rd, 2009

Mashable.com reports:  As a standard formula, ROI is pretty basic, ROI = (X – Y) / Y, where X is your final value and Y is your starting value. In other words, if you invest $5 and get back $20, your ROI is (20 – 5) / 5 = 3 times your initial investment. In the financial sense, ROI is measured purely in the context of dollars and cents, however, the principles can really apply to any type of investment — monetary or not.

Although ROI ≠ metrics, traditional web metrics like traffic counts, number of comments, Twitter followers, Facebook fans, etc. are an important component when calculating your ROI.

The trick is to not rely solely on the numbers, but on what the numbers end up leading to. For instance, does your increase in website visitors correlate with higher sales? Are people that find your website from Twitter or Facebook then clicking on your product pages or going to the e-Commerce section of your site? That’s the sort of data you want to be able to look for.

http://mashable.com/2009/10/27/social-media-roi/