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Set It and Forget it? Not true in Social Media Marketing

So often when I am working with clients on their social media efforts, they comment “Well, I haven’t really looked at it lately.” I am always a bit amazed. A set it and forget it attitude might work well with your chicken roasting, but not so well in the world of social media. While social media can drain time from your business if not done strategically, not looking at your social channels can also leave money on the table. One of the most important strategic exercises you can engage with daily is commenting on your channels and other people’s postings.

Just as a refresher, social media is not just about pipeline development. The overall goal for social marketing is to build relationships with your customers, clients, prospects, partners and vendors in order to:

  1. Increase revenue through direct communication to target audience
  2. Increase profit through deeper relationships with current clients = client retention and brand ambassadors
  3. Increased Brand recognition – Viral marketing effect
  4. Brand monitoring – understand what your market place is saying about you and/or your industry
  5. Marketing research – ask questions to understand your market place needs
  6. Pipeline development – create new clients through viral marketing & brand ambassadors.
  7. Ensure that you remain relevant and live within your industry
  8. Asset to company – ready to sell or find investors? Built in marketplace
  9. Generate site traffic – keywording, SEO links are incorporated into some social sites (LI, TW, FB)

Keep the pulse on the conversations daily or at least weekly to show your audience that you care about your network. If you don’t look at it, neither will your audience.

Test, Track, Adjust

Implementing a good system is an important step in your social media investment. However, you will need to measure its effectiveness which can be a bit arduous with the current tools available. By using the traditional marketing theory “test, track, adjust”, you will eventually create the perfect processes for your social media tracking.

Now in the world of social media, how does one “test, track and adjust” accordingly? First, document each step within the social media program you plan to implement. Identify the social channels for engagements, program dashboards and API connections to autopost to the channels, develop a calendar for you and your employees to follow for message creation and engagements, and finally, know where to find your tracking information. Here are a few areas we examine each week:

1. Study the analytics from your website. Google provides a great and free analytics tool that is relatively easy to install into your website. You can view clicks to pages and content to see what is hot with your audience. Examine your traffic sources to determine where people are coming from off of the internet. Just start clicking various analytics and begin to watch the changes over time. Then adjust to your findings.

2. Examine your Facebook insights each week. This great new tool in Facebook now shows demographics, how many people you are reaching and interactions on your business page. If you see a hot topic, talk about it some more!

3. Check how many people view your LinkedIn profile each week. With increased activity on both online and offline networking, more and more people will be looking at your professional profile. The paid version of LinkedIn will even tell you who!

4. Twitter can be a bit of  moving target. We really like TweetStats to monitor the engagement of our staff and clients, who we retweet, our keyword hash cloud and time of day of posts. However, this tool is not enough to see how often you are being retweeted and shared, which is the other half of a Twitter strategy. To track this component, we really like RetweetRank. The biggest disappointment so far is that centralized tool to track Twitter does not seem to be affordable just yet. (I will keep you posted:))

5. View your Klout score regularly. You can determine how influential you are in your social circles by measuring your influence. The Klout Score measures your influence on a scale of 1 to 100. A higher score means you are driving more online interactions to others in your network.

Remember to review your social media system periodically to make sure it is still working. The more documentation you can create, the easier it will be to teach employees how to run your social media system. Do this in all areas of your your business! When you are ready to sell, the value of your business will also be higher because you have effectively created an instruction manual of policies and procedures.

 

The Nine P’s of Small Business Marketing

Many years ago there were four components universally acknowledged to be the foundation of marketing: Product, Price, Place (distribution), and Promotion. We called them the 4 P’s.

Get those right, the thinking went, and the next stop on the trolley would be Easy Street.

But guess what – there are more marketing P’s to address these days, because of the myriad ways in which we experience and interact in the world and how much wider that world has gotten as a result. In this new age, the customer is in control – and not afraid to let us know it.

What that means to us as business owners is that we now have to go above and beyond. Marketing is no longer just a catchy slogan and some splashy ads. Now it’s about making sure that every element of the customer experience is aligned so that the expectations you create match the actual experience of your customers – at every touch point.

Different marketers have their own set of marketing P’s, and the basic 4 P’s are still the place to start, but here are my votes for the next set of marketing P’s to help your business succeed:

P #5: Purchaser. The center of your marketing focus should be defining your target customer; the segment of the population and or business community that you want to attract and keep as customers.

P #6: People. A superior customer experience comes down to your employees, the people you have speaking to customers. Are they smart, professional and pleasant and can they really help your customers? And while you’re hiring and training the right people, don’t overlook how you motivate them. It’s a basic tenet of psychology that you get the action you reward – so if you’re rewarding for xxxxx, don’t expect yyyyy.

P #7: Process. What do your customers have to go through to buy from you or get information about your products and services? Is it easy and painless, transparent and self-evident – or do they need an instruction manual? If they call you, how long does it take to reach the person who can actually help them? Your customer is busy – and they want a simple process to get answers and help.

The “simple is good” mantra also applies to your employees. If it’s too difficult or onerous to sell a product or service, they’ll find a way not to do it.

P #8: Positioning. It’s your brand, your reputation, what you’re known for. In this brave new world, nobody can be all things to all people. Being equally good at everything means not being very good at anything. So you have to stake out a market niche and meet those people’s needs very, very well.

To determine your position, finish this sentence: My company is the one that does this better than my competition: _______.

If you answered, “provides friendly service” – then yikes! You should consider some marketing intervention to clarify what this really means to your customers as well as make sure you are actually delivering on this promise. Or better yet, get help to develop a stronger and more unique message for your most important Purchasers – your 5th P.

P #9: Purpose. So why are you doing what you’re doing – what messages are you communicating about why you are in business and how is this different than the competition? And what do your employees think is most important –are they on the same page and if not, is their message the one you really want your customers to hear?

So that’s my vote for the 9 P‘s of Marketing – let us know what you think!

Lauren O’Connell is President of O’Connell Consulting Group, Inc. a professional marketing firm that specializes in developing customized and measurable marketing solutions for small businesses to help them acquire new profitable customers and retain and cross sell existing customers. Lauren can be reached at lauren@oconnellconsultinggroup.com.

Get Your Bottom Line Out of the Way!

Now, I am a business owner so I completely understand the importance of profit when making decisions within a company. If we are not making money, there is no business, right? However, I challenge our decision making to start with the value of the services we provide rather than how much money we can make. So often I speak with other business owners who are so motivated by the bottom line, they often forget their purpose, mission and vision for their company, which is based on providing a solution to a problem, not just making a profit.

I am also blazingly aware that when you are looking at social media strategies to reach your target market, existing clients and strategic partners, tracking a direct line from investment to return on investment continues to be a challenge for us all. But is social media really supposed to just be a pipeline builder? I believe not. Social media is actually a communication strategy in your business that spreads knowledge, community, goodwill, humor and education to the market place in which you serve. And yes, pipeline (i.e. potential new clients) will come as a result. But if you start with only acquiring new clients as your goal, you are missing the boat on the magic that is social media.

What I observe in this new medium is people sharing themselves not because they are “motivated” to do so, but because they are “inspired” to do so! When a customer has an incredible experience with you, they now actively spread the word about your company. For example, I recently held a birthday party for my grandmother. We had the food catered in by a local Italian deli as the theme of the party was a 1920’s speakeasy (great fun by the way and highly recommended!) The deli went the extra mile to delivered delectable finger foods, organically grown vegetables and even baked the bread fresh that morning. The family and guests were so impressed, several asked for the name of the deli to help cater their next party. This is truly the definition of “social” media. A social experience of above and beyond is what inspired these people to buy from this deli in the future, not a coupon, a deal or any other money motivator.

So I challenge our businesses to begin to really examine how they plan to provide exemplary service, outstanding products and real solutions to everyday problems rather than just their bottom line. When customers love you, love what you provide, love your brand, they easily and rapidly spread the word on the social channels. And profits will come.

Not Just Lunch

When meeting with prospects for our social communications management services, I often hear people state that the information on social channels is somewhat frivolous. The comment I hear the most is “I don’t care what people had for lunch.” I actually agree. If one of my network partners had an apple for lunch, I really don’t care much. Now if I was an apple farmer, this information may seem relevant.

So what should we post to our social channels to help engage our audience in meaningful conversations that may translate into business? It’s actually fairly simple if you know the 4 Engagements. Ask yourself when reviewing each posting if the message will allow you to engage with your customers, prospects, employees, vendors and stakeholders by facilitating one or more of the following:

Education – share new ideas & helpful information

Information – current events, open houses, new employees, dissemination of found information (i.e. other websites)

Collaboration – ask questions of your audience

Entertainment – build rapport with a sense of humor and inspiration; evoke an emotion to build deeper relationships

Posting Stress Syndrome can be cured if you engage with purpose. Do you have a fifth engagement to add?

Cheers!

Lisa Michaud

President

The Startup Launcher

Social Media Systems Designed to Empower Your Voice

www.thestartuplauncher.com

 

Engage!

So over the weekend, I had the chance to read The Thank You Economy by Gary Vaynerchuck, a small business owner who really has the pulse on the world of social media. After many dog eared pages and underlined sentences, the largest message I took away from this exposé on social media marketing is that engaging with your audience regularly and with passion is the key to creating your online brand.

As the owner of a social media training and management company, I can say that this concept is often overlooked by today’s business owners. So many are so busy looking for the next marketing “silver bullet” that they forget that the real power behind marketing is to create a trusting and meaningful experience for each client/customer who walks through the door. The customer is king and their experience with you is the crown jewel.

By approaching social media in a way that consistently checks in with your clients through Facebook, Linked In or even Twitter, you are always showing how much you care, not just about their business endeavors with you, but also them personally. I regularly greet people to my Facebook page and introduce them to my network. I also visit their personal pages and comment on the happenings within their lives, as each client is as important to me as my family. After all, they are the life blood of my business and without them, I would not be in business.

So the next time you sit down and begin to build your social media strategy, empower yourself and your team to really engage with your clients on every level. Share your dreams, hopes, next business plans, even your family updates. And be sure to comment on their lives while you are at it. The corner stone to all good business starts with a relationship. Social media has given you the power to deepen that relationship to levels we only once had when sharing a meal.

 

Lisa Michaud

The Startup Launcher

lisa@thestartuplauncher.com

www.thestartuplauncher.com

303.881.9409

 

Actually, in real life (#IRL)…

Actually, in real life (#IRL)…

Small businesses can no longer ignore social media.

I recently read the article entitled “If a Tweet Falls in the Forest, Does it Make a Sound?” by Jeff Haden, and it got me thinking…

Social media is not unlike any other technology, product, or service that goes through an adoption cycle. I think we’re well beyond the innovators, through the early adopters, and into the thick of the early majority. As a social media community coordinator, I’m able to dive in and see the advantages of social media first hand–and this list of advantages has grown from a modest number to something momentous.

Mr. Haden argues that the “Return on Tweets” is too low to really warrant much attention from small businesses. And, in his defense, he does go on to point out several of the advantages he has seen: search engine optimization, more personalized than a website, that they “can” drive business, and they provide a place to have direct conversations with your customers. However, his list excludes many of the advantages accessible to small businesses that can be realized through spending just 30 minutes a day on social media.

Additional advantages:

Integration: Of the main three media that you’ll be utilizing as a small business-Twitter, Facebook, and LinkedIn–each has their own purpose within your communications. When managed correctly, each medium serves to complement the others. The whole is greater than the sum of its parts.

Added value: Mr. Haden touched on this briefly, but I feel it’s worth expanding upon. When you interact with people in real life (#IRL) and invite them to join your online networks, you open up a line of communication that’s consistent and allows you to stay on the top of their mind. In addition, you may mention a service, product, or skill set they didn’t know you have.

Needed exposure: Not only do you provide an additional place for your market to find you, you become involved in networks where people will go look for you. If your presence is non-existent or haphazard, a potential customer is much less likely to utilize your offerings–especially given they’re the type of person that looked for you there in the first place. Now imagine they log on and view your LinkedIn profile, see your full listing of experiences and areas of expertise, and then notice you’ve provided a slew of answers to questions about the topic they’re interested in hiring you for, and some these answers you’ve received “good” and “best” votes for. SOLD.

Industry networking: You should not just be trying to connect with customers, but also with others in your industry. A good strategic partner can be instrumental in your bottom line. They can provide a way to reduce your costs, enable you to more effectively sell and market your offering, or be a source of leads for you–or all three!

Introductions: Going to an event? Let people know via your social networks. If others are going to be at the event, they’ll let you know. Now when you meet them at the event it’s not a cold introduction. You’re one step closer to a new customer or strategic partner–or friend, friends are good too. We live in the age of technology, but we still like living in real life (#IRL).

It doesn’t cost money: If you manage your own social media, it’s not a new expense for you. You get all of these advantages by adding 15-30 minutes of additional networking each day. It is worth noting that the more you put in, the better your results; this isn’t a straight 1:1 (time:results) ratio. Think of 15, 30, and 60 minutes as intervals of 1, 2, and 3. The return looks something like this: 1:1, 2:4, 3:9.

Things to note:

Tweets do fall and no one hears them: Out of the three, Twitter posts (“tweets”) certainly have the shortest shelf life, but only in the Timeline. If someone finds themselves on your main Twitter account, they’ll see all of your great content and interactions. Also, because of their short shelf life, it’s important to post more frequently and consistently to Twitter–2-5 times a day is fine.

Patience is required: Unless you already have a strong market presence and great awareness, you’re not going to see immediate results. You need to build your online network through consistent, quality posts and interactions. People will begin to know you and know where to find your business.

I hope this has been sufficient to help you, the small business, realize the impact social media can have on your communication efforts. So what are you waiting for? Go get yourself a piece of the pie… in real life (#IRL).

Will Montague is the community coordinator for The Startup Launcher. The Startup Launcher empowers small business owners to use social media to maximize their businesses’ potential. They offer Denver-based interactive classes and private education sessions, as well as a host of media management services. For more information, visit TheStartupLauncher.com or contact him at will@thestartuplauncher.com.

 

Posting Stress Syndrome

We all know what it feels like to be brand new at something. Our emotions can lead us through excitement, confusion, frustration, and even fear. As I have been teaching more and more people how to begin to approach their social media presence, I’ve observed a new phenomenon called “Posting Stress Syndrome” or PSS. People are afraid that their opinions may not be received well. They are not sure what to write about and they are often terrified that they will make a mistake. It appears that the PSS affliction is short lived once people begin to embrace their social media with enthusiasm and a little bit of knowledge.

1. Overcoming fear of posting your opinion: The first rule of thumb is that you cannot please all of the people all of the time. However, people are interested in passionate, real and different information. Once you can embrace this concept, you will find freedom in your voice.

2. I don’t know what to write about: We all receive news & tidbits of new & different information every day. If you are moved, engaged, inspired, outraged….write a blog or find a few articles related to the topic to post to your networks with a short statement reflecting your opinion or observation. This technique is also called a microblogging and is commonly used on all of the social media channels.

3. What if I make a grammatical mistake or a spelling error? People make mistakes all of the time. The best words of advice: just write, spell check, proof and post. If the content is good, few will care about a misspelled word.

The real trick to overcoming PSS is to dive in and get started. Social media is providing a new way to communicate, educate, collaborate and entertain that not only increases the awareness of your business, but establishes your voice in the marketplace. Work from a place of inspiration and excitement and the world of social media will begin to make sense.

Linked In is Search Engine Friendly

Ever wonder how the social media networks play into search engine directories? Linked In is searched in a few places by the world of Google, Chrome, and Bing. Known as “hotspots”, these are the only areas that are searchable so you want to make sure all your key words are in those areas.

·         The line right under your name.

·         Specialties: Add all titles and industries for which you may be considered.

·         Job Titles

·         Interests: Copy and paste what you have under specialties.

I Want To Do What I Love!

Starting a business around your passion can be a challenge. After all, being a life coach or guiding nature tours is your real passion; not running a business. There are three areas to concentrate before marketing can even be considered: how will you manage your time, how will you collect money and pay bills, and how will you find clients.

Develop processes to manage these areas that fit naturally with your own habits; an envelope to keep receipts, calendering out your week, a Facebook page or very simple website to tell people about yourself… If you discover you are not enjoying the task, you can eventually outsource it to someone who really does get joy from bookkeeping or marketing. Use these three areas to measure how you spend time and resources when working on your business.

Once you have these down, the rest will fall into line and let you know when they need attention.

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