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Posts tagged: competitive advantage

Feb 05 2010

The social web: New battlefield, same war

Jay Baer is one of the few bloggers I’ve found who consistently provides business-based, practical marketing advice.  I usually agree with him.  But he made a reference to social media marketing on a post this week that struck me as odd:

“… unlike every other marketing tool for the past 200 years, it’s a meritocracy, and that benefits us all.”

I’m only picking on Jay because this is the most recent iteration of a theme I’ve observed countless times — the opinion that somehow the social web is in a special new category where you actually have to EARN the trust of your customers.  Another variation is that the social web has “changed everything” about business and marketing.

No, it hasn’t.

The free market economy has ALWAYS been a meritocracy and always will be. If you don’t provide a quality product or service and you don’t represent it in an honest and compelling way, you won’t earn your way into the hearts and wallets of the world’s consumers.

Pre-social media, pre-Internet, even pre-mass communications, the fundamental tenet of marketing was this: Establish a brand promise based on consumer trust and never, ever break that trust. The concept is simple, the execution is extremely difficult.

Marketing is a continuous war to promote and protect your brand, whether it is a company, hospital, university, sports team or individual.  Social media offers an exciting new way to connect, but the marketing fundamentals are truly still the same.

The social web is just a new battlefield, not a new war.

How is the social web affecting your battle plan?

Tags: branding, business strategy, competitive advantage, social media

Filed in branding, business strategy, social media | Mark | Comments (8)

Jan 27 2010

The new competitive advantage: There’s an app for that

There seems to be this new genre of media out there meant to scare the crap out of you.  The techno music starts to pulse and then these animated slides whiz these amazing facts at you like “Did you you know that the average worker now spends 26 hours a day on Facebook?”  <next slide>  “And that rate is growing at a rate of 1,120%”  <next slide>  PER MONTH??”

These ”scare slides” are meant to impress you with social media’s omnipotence and power. Through the pounding music they want you to think that change is coming at you so fast that you might as well just call it a day … unless you buy their consulting services.

I don’t know where they come up with these facts, but here’s one that caught my attention: “For a college freshman, half of what they have learned will be obsolete by their junior year.” 

While that “fact” seems improbable, it did make think about the accelerating rate of change and the impact on indivudals as we try to remain effective leaders.

A hypothesis:  Personal “technological adaptability” is going to be an increasingly important life skill.

Here’s what  I mean.  The rate of technological change is occurring so fast that an ability to quickly assess, process and deploy new apps will be a source of competitive advantage not only for companies, but for individuals.

Let’s say we had two employees, equally educated and experienced. Both are given a task. Employee One begins the task, as assigned by the boss. Employee Two first assesses free tools on the web that can sort, organize and automate that task.  Ultimately that employee will provide a better, faster and cheaper result for the company. And get a promotion!

Even two years ago this would not have been an issue. Both employees would basically have access to the same company-issued and approved technology — Excel, Access, Word, etc.  But now, for almost any work task, somewhere, there’s “an app for that.”  The ability to find and apply these free and useful ideas will become an increasingly critical skill.

So what does this mean for me and you?   How do we keep our edge at this incredible rate of change?   Where do we find the time to do explore and learn new applications?  How do companies enable this skill in employees?

Tags: competitive advantage, futurist, personal brand, work/life balance

Filed in best practices, careers, futurist, sociology | Mark | Comments (17)

Jan 05 2010

Get out your dancing shoes, it’s time to blog

 

Pop quiz: Over the next three years, what is the number one skill that will be needed by marketing professionals?

Answer:  An ability to entertain.

I realize that is not normally something you would put on a resume.  Let me explain.

I often wonder, “Who really has the time to read all these blogs?”  Don’t you feel a bit overwhelmed by the amount of information coming at you every day?  Of course. Who doesn’t? 

Well, guess what … you ain’t seen nothin’ yet!   2010 will The Year of Content as the fight for your attention gets much, much more competitive.  

Who do you think will win that fight?  The organizations with the most riveting content. 

What will make that content riveting? It will entertain, it will amaze, it will amuse.

And who is going to make the big money on the social web?  Those who can make that entertainment happen.

Yes folks, the ability to entertain will be a white-hot commodity.

Of course creativity and an entertainment factor has always been in demand in advertising circles but I think we are looking at a future where you are going to have to employ Madison-Avenue-quality entertainment value just to get eyeballs to your company blog.  Let alone understanding of the message.  Let alone engagement.  Let alone something that turns into a sales lead.  Consumer expectations to be entertained, as well as informed, are rising exponentially. How will you deliver?

I’m not saying there isn’t going to be room for serious commentary and discussion.  Of course there will. But let’s put it this way, if you have a choice to read a blog that’s interesting or a blog that is interesting AND consistently entertaining, where will you spend those precious moments of your time? Case closed.

What are you going to do to cut through this rising tsnamai of content with YOUR message?  Do you really think a company blog or Facebook page is going to cut it?

As for me, I’m dusting off my dancing shoes.  It’s Hammer Time.  Can’t touch this.

Community alert: Jon Buscall, a frequent contributor to {grow} has written an excellent post on this same topic.  Jon writes well but he cannot dance worth a shit.

Tags: best practices, blogging, business strategy, business writing, competitive advantage, futurist, Internet marketing

Filed in Blogging best practices, blogging | Mark | Comments (19)

Dec 06 2009

This is the future of social media

metropolis

With the dawn of the social web, I can’t think of a more exciting time to be in the field of marketing.  But I don’t think we have really seen anything yet!  Here are 12 developments I believe we will witness in the future … and probably sooner than you think.

1) Hyper social measurement– At some point soon, Google is going to start doing something bold with the volumes of personal data they’re collecting.  Google is in the best position by far to define social media monitoring, especially now that they are taking steps to fold in data from Twitter, Facebook and other platforms. Once Google flexes its social media monitoring muscles, companies like Radian6 will become niche players at best. Complex algorithms will determine real-time sentiment shifts down to the individual.  And it won’t be free.

2) Tapping into text messaging– The one communication mode largely untouched by real-time search is text messages.  This is a goldmine of information too big to ignore, especially if you’re a “cool-hunting” consumer product company.  Entrepreneurs will find a way to tap into the “text stream” by rewarding users for being included in their data-gathering systems. Does this seem improbable?  Would people accept a free cell phone and free data service in exchange for their text information being stored in a database for consumer product research and targeted promotions?  It would work.  

3) The human coupon– The massive quantity of personal information available about you will eventually follow you around.  Enabled by GPS and RFID technology, coupons and special offers based on your buying patterns will appear instantly on your mobile device as you near a store.   RFID chips embedded in packaging will send messages during your purchase decision to encourage up-selling and cross-selling.  For example, if you pick up a blouse off of a rack, a message will direct you to the precise area of the store where you can find a matching skirt … on sale just for you. 

4) Radical privacy movement — This intense data gathering and the use of it in a Big-Brother-like manner will spark a backlash, including legislation, assuring the right to be excluded from Internet data-gathering tools.  Because of its power and control over voluminous personal details, Google will become the most profitable, and despised, company in history.

5) Man-machine interface.  Medical advances and social media platforms will converge.  Scientists are already embedding electronics in humans to power limbs, regulate body functions, and enable the brain to access information from micro chips. It’s now possible to think a tweet or control artificial limbs with a thought.  Humans will routinely carry a computer inside of them, powered by body heat and motion. You will literally always be on the social web, generating messages just by thoughts.  Humans will have markings like tattoos to display the premium, designer brand of devices embedded in their bodies. This will give new meaning to the tagline “Intel Inside.”

6) We become the Internet.   Today, people talk about Twitter, Facebook etc., never really connecting that these are all “Internet.”  As the social web literally becomes part of our bodies, we will no longer distinguish between listening, talking and electronic communications. In our minds, there will be no more web. It will just be.

7) Massive national ID validation. The social web will become the exclusive source of consumer information, political research/policy development, and education systems. Because of the increasingly critical  importance of this feedback and the opportunity for corruption, complex systems to prevent fraud will be needed, including a broadly-implemented government validation program that extends across all platforms.

8) Micro politics — Politicians will use real-time sentiment analysis to craft and re-craft voter appeals right up until the moment they enter a polling station.  Political messaging will be nearly-instantaneous and tailored to individuals based on data purchased from Google.

9) Extreme content — Journalism, film-making and advertising agencies will thrive, much to the surprise of nearly everyone.  The need for content on the social web will drive radical evolution of  these three traditional professions and “Content development and management” will become a popular college major.  While most content today is generated through “free” submissions to YouTube, blogs, etc., salaries for the very best and most creative content providers will skyrocket as corporations raise the creative bar to cut through the clutter. 

10) The loner workforce. The cultural impact of the social web will have radical implications for managing the workforce of the future. How do you deal with a generation of employees who have been conditioned to communicate through their thumbs?  Employee training of the future will look increasingly like video games.

11) Digital divide grows  — For many parts of the world, access to free, global communications will be a great equalizer between rich and poor nations, especially as web-based translation services improve and encompass local dialects. However, in countries where people cannot access the web either for economic or political reasons, the digital divide will not only grow, it will become permanent for one simple reason: they will fall so far behind the technology curve they will never be able to catch up. Digital commerce, innovation and technology will be permanently dominated by those nations in the game NOW. 

 12) Pay for play– Social media is free but the cost of attracting consumer attention will become increasingly expensive, especially with the ability to skip ads.  At some point, the cost per impression will be so high it will be less expensive to simply pay people to watch an ad.   Combined with the “human coupon” trend mentioned above, this would provide nearly perfect information on cause and effect of advertising campaigns. 

Well, that’s enough far-out thought for one blog post and I’m sure you have A LOT to say about it!  Your turn. The comment section is now OPEN!

Tags: advertising, best practices, business writing, capitalism, careers, competitive advantage, corporate communications, futurist, innovation, Internet marketing, marketing strategy, research, social media, sociology

Filed in futurist | Mark | Comments (58)

Nov 24 2009

Is this the end of the social media purists?

Jason Falls

I have never used this community to comment on another person’s blog but today I’m just so happy, so enthralled, so downright giddy that I could kiss my keyboard.  One of the social media purists has finally discovered the bright, clear light of capitalism.

And it couldn’t have happened to a nicer guy — Jason Falls.  Jason is one of my favorite bloggers but has historically been one of the stalwart “keepers of the conversation.”  You know the type — the social media country clubbers who set the industry’s tone with a relentless mantra of “it’s all about connection” and “conversation” and “relationships.”  In fact, a few months ago, Jason went so far as to write that any company expecting to make money off of social media will fail.

But a new day is dawning.  Yesterday, in a post entitled “Why Social Media Purists  Won’t Last,” he wrote:

Each time I discuss the business goals or reasons why a client wants to use social media, the answers come down to one thing: selling more stuff. It’s a harsh business reality. If you don’t make money, the business goes under. If you don’t make more money, people lose their jobs.”

The social media purists have laid down the law and, so, to participate in social media as a business, you must do things like, “participate in the conversation,” “engage your customers,” and “talk with us not to us.”

I’ve got news for you. In the world of business, all that talk will get you exactly nowhere. Conversations do not ring the cash register. Engagement does not sell more product. Talking with people just means you have to take time to listen which prevents you from spending valuable time selling more product.

Halleluia.  Maybe I’ll finally have some company out here in the social media netherworld of business rationality.

And if this isn’t enough reason to celebrate, read what the Ultimate Blogging Machine Chris Brogan wrote just a month ago:

Think Like a Business – if you’re in this for business, always ask yourself how this work ties to more sales (and if you’re not trying to make money, think of “sale” as whatever you hope to convert. Hint: it’s not “more audience.”). If you’re just writing to write, shooting video to get it up there, tweeting because people said you should, rethink all that. Decide what’s going to ring your register and work on that.

What???  Ring the register?  Not seeking “more audience?”  Could this be an era of enlightenment for the guy who recently yelled at his audience:  “This is NOT about you and your STUPID COMPANY” ?

What’s happening around here?  My guess is that both have recently had a big dose of the real world.  Falls went out on his own and had to come out from behind the P&L  protectionism of agency life.  Brogan’s sudden emergence on a bigger stage probably got him in front of experienced business people instead of the sycophants who dutifully re-tweet his every blog, bluster and burp.

So this begs a new question.  Are my days as a contrarian coming to an end?  I mean if Brogan’s in, the burp tweeters will fall right in line. If the social media elite are finally figuring it out, what do I write about now?  Hmmm.  How about, “It’s all about the conversation?”  : )

Tags: blogging, business strategy, capitalism, competitive advantage, social media, sociology

Filed in Personalities of the social web | Mark | Comments (13)

Oct 30 2009

Where’s your truckstop?

This begins a new series of five articles on getting more from your existing marketing program for little or no money.
My hometown of Knoxville seems to be the epicenter of the U.S. Interstate highway system and, most logically, mega-truckstops have sprung up at the intersection of major routes. These truckstops offer ACRES of every possible good, service and convenience for the trucker: clothes, food, showers, truck accessories, parts, repairs — anything you can imagine.
I’ve fantasized that being a marketing manager for a product aimed at truck drivers must be the greatest job in the world. Think about it — all you have to do is get your product on the store shelf and hundreds, maybe thousands, of customers drive to see you every day! Wow. What could be easier than that?
Marketing your business might not be THAT simple, but there is a lesson here. Where’s YOUR truckstop? Where do YOUR customers congregate?
If you can answer that question, it might lead to important insights that can make your marketing initiatives more effective, focused and inexpensive.
Where do your typical customers gather to get their news and information? Entertainment? Recreation?
Where do they shop, dine, exercise, worship?
What Internet sites would they most likely visit? What magazines do they read?
Are there businesses similar to yours where your customers buy goods and services?  Could those “truckstops” also offer YOUR products and services in a partnership?
There are several relatively inexpensive ways to conduct this simple research and it might lead to ways to create competitive advantage through your targeted marketing efforts.

Tags: competitive advantage, customer acquisition, Internet marketing, marketing budget, marketing strategy, recession marketing

Filed in B2B and social media, Marketing best practices, best practices, business relationships, business strategy, customer acquisition, marketing strategy | markschaefer | Comments (1)

Sep 15 2009

Five reasons B2B companies should reject social media marketing

In yesterday’s post, I demonstrated that even in the case of the most extreme B2B sales situation (one customer, long sales cycle, few competitors), there could be a place for social media marketing. Today I’ll tell you why it isn’t that simple.

Does my schizophrenia seem strange? I’ve been around long enough to know that even when there’s a slam-dunk business case for something, it doesn’t mean a company will do it. This has been quite apparent in B2B where hard-dollar social media successes have been few and far between, despite a lot of hype. Here are five good reasons why some B2B’s should NOT adopt social media right now:

1) The economy sucks. Unless a customer is screaming for social media, it’s not likely a struggling company is going to voluntarily get into a brand new marketing effort in the teeth of a recession. Even though most social media is “free,” it still takes valuable time and resources many companies don’t have right now. (On the flip side, your competitors are in the same boat – why not get a jump start on this now?)

2) The strategy doesn’t make sense. In these economically-urgent times, the focus is probably on generating short-term sales through established channels. There is nothing wrong with that – in fact, it’s an entirely appropriate strategy. If your company is burning the furniture to heat the building, it’s probably not the right time to start an internal battle to create a Facebook page.
3) The resources simply don’t exist. If you’re working in PR or marketing for a large B2B today, it’s likely that you’re doing a job that used to be two or three jobs a few years ago. Who really has the incremental time to take on social media and do it well? Maybe when the economy turns your company can free up the resources, but in the near-term, you may need to stay focused on only the most important customer initiatives. Be patient.
 
4) You don’t want to be social. Let’s say you work for a defense contractor. You really don’t want to conduct business on the social web, do you? So hanging out on Twitter is not for every business situation. I recently put a slide presentation out on the web that was promptly picked up and copied by my competitor. Will it hurt me? Not really. Could a similar situation hurt a company like Boeing? Yup. It might be more prudent to establish internal, secure collaborative efforts instead using the social web.
5) Your customers don’t care. I was at a gathering of about 15 B2B executives last week. All VP’s or higher … very influential to the purchasing decision at their companies. None of them were involved in social media. Nada. Wouldn’t know a tweet if it poked them in the nose. If these folks are your customers, you’re wasting your time on social media, aren’t you? In fact, I would say this is the number one issue facing B2B social web marketing: The customers aren’t engaged. Yet.

OK, please let me pre-empt a few hot-blooded retorts bound to show up in the comment section … I’m not saying DON’T do social media. You know me better than that. I know that every one of these reasons I listed could be turned around as a reason TO DO social media marketing!

My job is to consult and help businesses, and I actively recommend at least some social media component to the marketing plan of almost any customer. But I’m also practical and sympathetic to the needs of businesses that are just trying to survive right now. While there is almost certainly a place for social media in even traditional B2B situations, we need to realize that resistance may make perfect sense in the context of a lousy business situation. It might just be a matter of timing.
And although there may be real business situations that could delay social web engagement, there are also plenty of lame excuses. I will continue my schizophrenic journey tomorrow with some of these beauties!
OK, your turn. Let ‘er rip!

Tags: best practices, business relationships, business strategy, competitive advantage, marketing strategy, social media

Filed in B2B and social media, Case studies, Marketing best practices, ROI and measurement, Social Media Strategy, Social Media best practices, Traditional media and advertising, business relationships, business strategy, marketing strategy, social media | markschaefer | Comments (19)

Aug 04 2009

Building meaningful business connections through social media

This is the second in a series exploring the keys to achieving business benefits in social media:

Connections + Meaningful Content + Authentic Helpfulness = Business Benefits.
Now, we’re going to dive into each element to build a strategy for YOUR social media success! Today we start with CONNECTIONS.
Think of the social media landscape as a garden … being planted in a desert! To get something to grow, you need to plant a LOT of seeds, which are your connections. Then you’re going to water those connections with meaningful content and authentic helpfulness, which I will cover in subsequent articles.
I’ll give you seven delicious ingredients for the business connection recipe, but before I do, I’d like you to consider two things 1) What is the profile of your best customers, and 2) Where are they likely to be hanging out? If you can answer those questions, your quest for great business connections will be so much more successful! Here are two resources to help you out (click links)
CUSTOMER PROFILING
FINDING YOUR CUSTOMER “TRUCKSTOP”
OK, let’s mix up a fresh batch of social media business connections:
1) The Advanced Search feature on Linked-In is your best connection-finding buddy. You can find high-potential connections by location, company, industry, even business title. Offer to link with these people as a first step toward building your targeted audience.
2) Participate in Linked-in groups and forums. What better way to build relationships than to get involved with online groups of like-minded professionals? So many people sign up for Linked-In and forget about it. Get your skin in the game and actively ENGAGE new connections. A new national contract of mine began with a lady who liked my answers on Linked-In!
3) Find online journals related to your industry. Look for comments that interest you. In the comment section, note who is there – their comments often point readers to their Twitter name, Facebook or Linked-In page. Connect to them. Engage.
4) Use Twellow to find targeted industry connections who are actively involved in Twitter. There is a related app on this site that you can use to search people by state or city, which is so important if you are a small business serving a targeted geographic area.
5) Steal contacts from your competitors. If you can find your competitors on social media channels, you can also find their links and followers. This is public information for all to see and so it is perfectly acceptable. P.S. They can do the same thing to you!
6) Use http://my.peoplebrowsr.com/ to do high-powered searches for relevant Twitter users by just about any demographic category you can think of.
7) Have you participated in Twitter “discussions” on subjects related to your area of interest? These discussions are demarcated with a hashtag (#) so you can search for the term and follow the trail of the discussion, whether you are following the people or not. Here’s an example. In the search field in the right hand column of Twitter, I searched for #SMROI because I want to find people who are talking about social media and ROI. I will see a timeline of the discussion and all the people who are participating. Follow them!

There are hundreds of ways to build targeted contacts but these are a few ideas that have worked for me and my clients. What is working for you? Please share in the comment section below.

This article is part of a series on creating business benefits through social media. Other posts:
Part 1: A formula for social media business success
Part 3: Content – The biggest obstacle to social media business success
Part 4: Authentic Helpfulness and the economy of giving

Tags: business relationships, business strategy, competitive advantage, customer acquisition, financial impact, marketing strategy, small business, social media

Filed in B2B and social media, Blogging best practices, Social Media Strategy, Social Media best practices, Twitter best practices, blogging, business relationships, business strategy, customer acquisition, social media | markschaefer | Comments (5)

Jul 21 2009

Your social media ROI shock treatment

We’re pushing onward with our discussion of social media measurement, ROI, and non-financial indicators. Today, let’s do a very simple calculation to determine how much cash your social media strategy should be generating to justify its existence.
I’ll have to make some broad assumptions because every company is different, but you can insert your own numbers and do the math for your own organization …
 
Let’s assume you are a medium-sized company, and have one person working full-time on social media marketing. We’ll assign that person a salary of $60,000.
In a typical company, health, 401(k) and other benefit costs equal another 50% of the base salary, or in this case, an additional $30,000.
 
We’ll assign another 20% of base salary for overhead such as office space, shared services support and technology. That’s $12,000. We’re on a tight budget so we will forbid our new employee to do any travel, training, or company entertaining. And forget about bonuses this year. No whining, either!
 
So, our full-up cost for one social media professional is $102,000.
 
Let’s assume your company has a moderate profit margin of 15%. So, to break even and just cover the incremental costs of your new social media initiative, this professional would have to produce quantifiable new sales of $680,000. In other words, you would have to make that amount of money to have an ROI of 0.0% on a year’s worth of social media expense and effort.
 
That’s a lot of money for a lot of nothing, isn’t it? There are two reasons why I needed to shock you into social media de-tox.
 
First, I wanted to bring home the point that social media is not “free.” Even a modest effort at a small company takes a lot of time, which must be funded through the sweat of your manufacturing and sales efforts.
 
The second reason is this: For now, some companies may be willing to experiment with social media, but at some point the big boss is going to sharpen her pencil. If you can’t accurately and logically measure what you do, your marketing initiative will be in peril, as it should be.

The other day, I heard a guest speaker tell his audience, “If your company is not expecting you to account for your efforts with financial measures, well, that’s just great — do whatever you want!”

And for a short period of time, you might get away with it. But to gain credibility as a company leader in a B2B environment, you must hold your activities accountable to the same standards as an engineer trying to get funds approved for a new production facility. You should be able to demonstrate a business case and that business case must be built on hard dollars … eventually.

In the mean time, the softer side of metrics may be the only thing available. Tomorrow we’ll start taking a look at the importance of “non-financial indicators” that can influence brand equity.

This is part 2 in a series addressing social media marketing measurement issues.

Part 1: The biggest lie in social media marketing

Part 2: Social media ROI shock treatment

Part 3: Irresponsible social media measurement research            

Part 4: Social media impact on brand equity                                                        

Part 5: The most important question to ask in social media marketing     

Part 6: A double standard for social media marketing?                   

Part 7: Yes, it IS about the money!                                                          

Part 8: Creating a measurement plan                                                     

Part 9: Measurement is like a bartender                               

 

Tags: competitive advantage, marketing budget, measurement, sales strategy, small business, social media

Filed in ROI and measurement, Social Media Strategy, Social Media best practices, social media | markschaefer | Comments (7)

Jul 16 2009

Two approaches to attain large, engaged Twitter groups

This week I’ve been featuring the insights of Dr. Ben Hanna and the provocative findings of the social media strategy he is revealing month by month on his B2BOnlineMarketing blog. He just released information from his fourth month of experience. Some highlights:
What is the fastest route to a large, engaged group of Twitter followers? To research this, his team followed experienced B2B Twitter accounts with 5,000+ followers and started watching for patterns. There were two starkly different groups, and strategies, in terms of Twitter follower-friend ratio.
The Interpersonal Approach — equal ratio of followers-to-friends
“The follower-friend ratio caught my eye,” he said, “because there are two very different, and often conflicting, perspectives on the right way to engage in social media. The first is a view of social media as an interpersonal medium governed by interpersonal rules. For example, if someone wants to be your friend, the polite thing is to shake hands, say “hi”, and try to be friends – most people would consider it just plain rude to walk away. Those pro business tweeters with a follower-friend ratio around 1 seem to be following this norm and with automatically following someone back. Since there’s no obvious, objective benefit to blocking a follower if you decide not to be their friend, follower and following counts grow together.”
>> Hallmarks of Interpersonal Approach: Probable use of spam-and-cull approach to building a following; wide range of people in follower base, attract followers interested in tweet content.
The Mass Communication Approach — 5x more followers than friends
“The other group with a follower-friend ratio on the 5+ range seems to be viewing social media as a mass communication medium governed by mass communication rules, and the pro business tweeters in this group are often larger companies, business media and/or experienced execs at mid- to large-sized companies. From a mass communication perspective, its perfectly acceptable and even expected for the relationship to be one-sided or interactive only on demand (such as when a customer has a question). After all, it’s utterly impossible for someone to follow 5,000+ other Twitter users, let alone 500, and pay attention to all their tweets. If you think reading and processing 100 emails a day is a challenge, try 5,000 tweets.”
>> Hallmarks of Mass Communication Approach: Attract people interested in tweet content only since it is unlikely they will follow you back; may be big brands or long-established Twitter users; don’t tweet a lot of thoughts/observations — mostly just relevant content.
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Tags: best practices, business strategy, competitive advantage, customer acquisition, Internet marketing, marketing strategy, research, social media, twitter

Filed in Twitter best practices, business strategy, customer acquisition, economics of social media, social media, twitter | markschaefer | Comments (0)

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  • Welcome to {grow}

    MARK W. SCHAEFER

    My PhotoYou’re in marketing for one reason: Grow.

    Grow your company, reputation, customers, impact, profits. Grow yourself. This is a community that will help. It will stretch your mind, connect you to fascinating people, and provide some fun along the way. I am so glad you’re here.

    -Mark

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