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Posts tagged: facebook

May 04 2010

The power shift on the social web: What does it mean to you?

Remember when we used to say that “people” are the power behind the social web?   Can we can honestly claim that any more?  The social web has rapidly become just another a mass-marketing channel like TV or magazines, dominated by the mega-brands.

Think about the videos going viral these days.  What was the biggest hit of the year?  The Nike Tiger ad, a bizarre production certainly aimed at the viral potential of the Internet more than any paid TV opportunity. In fact eight of the top 10 most-viewed You Tube videos of 2009 were professionally-produced:

  1. Evian roller babies (see above to view)
  2. New Moon movie trailer
  3. Wedding entrance dance
  4. David after dentist
  5. Britain’s Got Talent – Susan Boyle
  6. through 10 – professional music videos

And all of the Top 10 Facebook pages belong to big names:

  1. Texas Hold ‘em Poker
  2. Mafia Wars
  3. Michael Jackson
  4. Barack Obama
  5. Vin Diesel (Vin Diesel???)
  6. Starbucks
  7. Lady Gaga
  8. Twilight
  9. Coca-Cola
  10. Skittles

Remember that just a few years ago, there were few, if any, corporate videos on YouTube and Facebook was a hang-out for college students.  This commerical development is not surprising. If there is a way for money to be made, companies will find a way to exploit it.  Capitalism at work.  So what are the implications for small businesses trying to carve a niche? Is it too crowded?  Is it too late?

No, I don’t think so. There are plenty of social media marketing opportunities for the savvy small business professional, even with the brand titans bringing their game:

Think local. All marketing is local.  Can your small business still have an impact on the social web? Absolutely.  I’m working with a marketing manager for a very successful regional chain of restaurants. One restaurant already has 5,000 Facebook fans. I think that’s pretty impressive. If you’re providing meaningful connections with your local crowd of customers, who cares if Evian babies rule the web?

Raising the bar. Not long ago, grainy home videos dominated YouTube.  Just about anybody, at any time, had a chance of going viral.  The novelty of the social web has passed and expectations for quality are increasing. If you hope  to compete for attention on the national or international level, bring lots of money.  But I believe that even on a local level the bar has been raised and there is an increasing expectation for quality … maybe not along the lines of the Evian babies, but an expectation for something entertaining nonetheless.  To stand out, you’re going to have to provide remarkable content.

Importance of Twitter. Twitter isn’t flashy.  It rewards real connection and conversation, something monolithic companies typically don’t do well.  I have a small business but have more followers than Pringles (one of 2009’s Top 10 Facebook pages). I think there’s a message there. My hypothesis: Of the major platforms, Twitter may actually favor the local small business owner.  How can you leverage this powerful tool on a local level?

Keeping it real. Unless you are going to simply “buy” fans with coupons and discounts, you need to let your personality shine through. Coca Cola, probably the best-known consumer product in the world, is doing a great job at this. They feature their Facebook personalities right on their front page and each tweet is attributed to an author. Of course Scott Monty is a recognizable social media personality for Ford Motor company. Still, these are exceptions among the big brands. Real people and small business owners can normally have an advantage connecting with their local clients.

Watch and learn. The big guys are spending millions to fine-tune their social web offerings.  Learn from them.  What are they doing to be successful and how can you capture that success on a local level?  What methods are they using to engage and reward their customers? What channels do they employ and why?  What devices like online games and contests could be used in your business?

While the future of mainstream social media ultimately belongs to the behemoths, I do believe there are opportunities for small business success. Do you agree?

Tags: business relationships, facebook, social media, twitter

Filed in Marketing best practices, Social Media Strategy, Social Media best practices, YouTube and video | markschaefer | Comments (16)

Dec 11 2009

Facebook —Wake up! You’re a business, now act like one!

moneybags

Neicole Crepeau is among the smartest bloggers on my social media radar.  Imagine my surprise when out of the blue she sent me this email: “Your blog made me think about some things and I’ve written an article for you. Here it is.”   Isn’t that cool?  So I get to take the day off and we can all enjoy Neicole’s unique perspective today …

Mark’s post Does the social web primarily benefit service companies? discussed some of the obstacles to greater use of B2B social media marketing, particularly by small and medium businesses.  As he points out, businesses must do a better job of integrating social media into their overall marketing strategy.  However, there is an even bigger obstacle to an expansion of business use of the social web, and it is in the networks themselves. 

Wake up, Facebook, Twitter, YouTube, and even LinkedIn.  You might have started as a lark, a side-project done just for fun.  Now, you’re a business.   But you’re not acting like one.

These popular social networks have failed to recognize where their bread and butter is going to come from. Even YouTube, under Google, continues to focus on ads as its potential source of income. It has yet to make that work. Chances are, that model will never be successful enough to turn the profit they need.

I see a clear evolution of social networks, as outlined in my video and blog post of December 8th. It begins with a great idea, like micro-blogging or connecting friends via status updates. That draws an initial, small set of users. The customer base expands as the social network transforms and improves.

But end-users won’t pay for these services—not enough, at least. The social networks now need to look to the corporate world to make a profit.  Remember, you have two customers, guys:

  • End-users
  • Business users

You’ve correctly focused on building a great tool for end-users, and you need to keep doing that. However, you also need to recognize that business users are an equally important customer. Now, go focus just as fervently on them!

Google built a great search solution that end-users love—but weren’t going to pay for. They turned to innovative corporate solutions and found a goldmine.  Facebook, Twitter, YouTube, and LinkedIn need to do the same. But NOT through the same tired technique of ad serving.

These companies need to take a page from the marketing 101 handbook and listen to their customers — business customers — and find innovative solutions for them. What do businesses want to do via your site? Marketing … maybe customer support?  What do they need in order to do that successfully?  Ways to engage and maintain contact with consumers?  The ability to find/target the right consumers? Mechanisms to track and measure their engagement and ROI over time?

They are your customers.  Solve their problems. Make money.

Look at Ikea’s photo-tagging campaign on Facebook. There’s a creative new revenue stream.  How can you make that method available to lots of businesses, with a low barrier of entry/use? How can you monetize it?  Could YouTube do something similar, by making it possible for businesses to find and tag their products in user-supplied videos? Or make it beneficial for users themselves to do product placements in their videos.  Businesses would love to promote those user-created placements!

When social networks treat the corporate world as a key customer, the innovation will really start that will drive businesses to the social web in droves and drive profitable new business models from themselves.

Neicole Crepeau is a 25-year veteran of the tech industry, with experience in technical writing, usability testing, user experience/interaction design, website design, and product management. Her outstanding blog can be found at http://nmc.itdevworks.com/

Tags: capitalism, facebook, Internet marketing, small business

Filed in economics of social media, facebook | Mark | Comments (5)

Nov 03 2009

B2B’s biggest social media screw-ups

While the case for social media as a marketing channel is compelling for consumer products companies, I’ve been particularly interested in how it is being used … or not … by mainstream industrials.  Earlier this year I assessed the social media presence of most of the major Fortune 500 B2B giants looking for case studies.

I found some great examples, but for fun, I’ve decided to start out with the WORST companies I found out there. With few exceptions, major industrial companies are not utilizing – and in many cases ignoring — social media as a stakeholder connection point. A few fun facts:

  • Number of Top 25 B2B companies with more Twitter followers than me (None)
  • Worst B2B corporate Twitter-er (by far) — DuPont. An example: “Back off weeds! 4 new herbicides are coming to get you …”
  • Most popular corporate social media platform: Facebook
  • Percent of companies with either Facebook or MySpace pages: 75%
  • Percentage with both: 25%
  • Most popular use of social media: A place to post press releases

With no further delay, let’s take a look at the Top Five biggest B2B social media screw-ups.

5. 3M Corporation – I love 3M. I’ve always cherished their heritage of innovation and product development. If any company in America could take advantage of the awesome power of global community it should be 3M. Where are you guys? We need you out here.

4. General Dynamics — There is a not-very-good techno rock band called General Dynamics who dominates the social media bandwidth. That’s a problem for a Fortune 100 company with the same name. This is the time for the company to flex some legal muscle and tell them they were there first! In the corporate world, this ID theft is tantamount to a porn starlet naming herself “Pepsi.” You have to take action on this, General Dynamics! Go kick some techno butt!

3. Oracle Corporation – You would expect an ego-laden company like Oracle to be sucking up the social media space, but not so. The Twitter account is exclusively a press release machine and their other sites are ill-attended placeholders. Larry, look at what SAP is doing with social media. Work it baby.

2. Johnson Controls — This Fortune 50 titan has had their name usurped on Facebook by a bunch of disgruntled employees. An example of social media gone very wrong when you’re asleep at the wheel.

1. Dow Chemical Company. The pinnacle of social media mayhem. The first search result for Dow on Twitter is called “spillspill” and the largest company-related Facebook page is called Fuck Chemical Valley and Fuck Dow (42 members). The MySpace presence has also been hijacked, complete with fake logos, fake employees and a mission statement that includes: “minimizing damage by angry citizens who have been affected by our pollution through legal suits and PR campaigns, making sure scientists who find our products to be dangerously toxic are not allowed to publish.” Dow has a proud history of PR fubars. The legacy continues.

Disclosure: My ex-wife had family ties to the chemical industry. While clinical tests have shown she is toxic to humans, she is not associated with the Fuck Dow campaign.

Tags: advertising, branding, business strategy, corporate communications, facebook, Internet marketing, marketing strategy, research, social media, twitter

Filed in B2B and social media, Case studies, Social Media best practices, business relationships, business strategy, social media, twitter | markschaefer | Comments (7)

Oct 29 2009

Warning: Social media may be hazardous to your health

A lot has been written about the “danger” social media poses to companies and brands, but what about the real threat it poses to us as individuals?

Immediate, transparent, global, free communication is one of the most breathtaking information advances since the telephone. But when there is an opportunity for human corruption, there probably WILL be human corruption. Here are the biggest threats posed by the advent of social media:

Risk to personal security. For fun, I follow a few celebrities on Twitter, the digital Post-it note. The other day, one of them tweeted: “Down at Gino’s having a pizza with my boys.” Earlier in the day he had established the city he was in. With this kind of shoot-from-the-hip public broadcasting, it’s only a matter of time before we see the first Twitter-related crimes. Even for non-celebrities, how safe is it to post to the world, “My husband and I are off to Boston for the Web 3.0 conference.” Not very … unless you want your next post to be “Our house got wiped out by crooks while we were away!”

Risk to public safety. People are easily duped and through social media, we are creating the most effective rumor mill in the history of mankind. We caught a small glimpse of the destructive power of viral misinformation when rumors of swine flu being caused by eating pork spread around the globe in a nanosecond. The innocent pork industry is still recovering. Numerous experiments have shown the ease of planting falsehoods that become reported as fact, even by legitimate news agencies. What happens when a sinister prank goes out of control and creates a panic far beyond a loss in pork sales? It will happen. What can prevent it? Nothing.

Risk to personal finances. Every time you register for a site, sign up for an app, or populate a social media profile, you are adding to a databank all about you. Strangers can find names, birth dates, family members, school and work history, e-mail addresses and much more. One blog writer recently quipped, “Honestly, it doesn’t take a genius to steal a person’s identity online.” Even more severe than identity theft and the obvious financial ramifications for an individual — we will begin to see online crimes being committed under the alias of another person.

Risk to personal reputation. Thankfully, nobody was holding a video camera in my face during my college years. But the lives of today’s youth are explicitly documented on You Tube, blogs, photo albums, and social media sites, creating a permanent online record. One corporate recruiter told me that a web search is more important to him than a resume. How will your Google-image affect your future job prospects, personal relationships, political aspirations? Did you read about the teen girls who took pictures of themselves in their bras at a sleepover, texted them to friends and then hours later ended up on porn sites? How do you erase something like that? Google never forgets.

Risk to data and information. A few weeks ago, a computer worm, using Twitter, infected tens of thousands of computers as it replicated itself across the Internet. The worm was created by a 17-year-old to “expose the vulnerabilities” in Twitter. The red-hot social networking/microblogging service has been scrambling to plug cross-site scripting and other Web site vulnerabilities to thwart worm attacks but, as one researcher points out, it’s much easier to misuse the Twitter API as a “weak link” to send worms squirming through Twitter.

Risk to personal health. Neurologists and doctors warn that obsessive immersion in screen technologies and social network sites will lead to short attention spans, sensationalism, inability to empathize, weight gain, and a tenuous sense of identity.

Risk to personal productivity. A friend recently told me that he needed to find a way to block himself from social media sites at work. “I’m hooked,” he said. “I can’t stop myself from getting online every minute that I can.” According to a U.K. study, British firms are losing $264 million A DAY on lost productivity due to undercover activities on Facebook. Businesses are starting to look for ways to deal with the social networking problem. Several companies in America already block social media sites.

So, where does this lead?
I’m a fan of social media. These new platforms have connected me to countless interesting people, opportunities and ideas. The purpose of this article is to serve as a counter-point to those who seem to be hypnotized by the hyperbole and beat the drum of social media while ignoring these certain consequences. There is virtually NO dialogue on the risks of the inevitable corruption that will result from having a free and pervasive window into YOUR life.

I’m hoping the dialogue will start now …

Tags: ethics, facebook, innovation, search engines, social media, twitter

Filed in Case studies, Internet marketing, careers, ethics, futurist, research, social media, sociology | markschaefer | Comments (13)

Aug 13 2009

Google, branding, and the beauty of zero

If you were in a discount shoe store and saw a beautiful new pair of Nike tennis shoes on sale for $11.99, how would you react?
If you’re like me, you would conclude something is wrong with the shoes! Nike has spent millions to groom and nurture their brand and cutting the price only diminishes their premium image.
So what would you think of the brand image of a product that has a price of ZERO?
This was the subject matter of a little “twit-à-tête” between myself, my friend Steve Dodd, and a few others on Twitter yesterday. I had suggested in my last blog post that small businesses need a free, cross-platform social media metrics dashboard.
That started a round-robin of tweets (yes, pun was intentional) regarding why it had to be free and the impact that price would have on brand equity. Steve’s comment was: “Why should comprehensive measurement tools be free? In my opinion, if they are monetized other ways, their credibility tanks.”
Steve is a keen intellect and when he speaks, I listen. Certainly using my Nike example as a model, he’s absolutely right.
But then I thought about the revolutionary, brand powerhouses like Google, Facebook and YouTube. For you and me, the price of their products is zero, yet they have convincingly nurtured an extremely strong brand in the mind of consumers.
Consumer products in the same price range as Google would be a paper towel in a public restroom, a salt packet at McDonald’s and a toothpick. Think about THAT as a weird business model!
Can you think of another example in history where a company carved out a premium product image (like Google) with a price of nothing? Have we entered a new era of marketing where, in some cases, a brand image can be completely disconnected from price?

Tags: advertising, branding, eCommerce, facebook, financial impact, Google profile, social media

Filed in Google techologies, Marketing best practices, Traditional media and advertising, branding, economics of social media, marketing strategy, social media | markschaefer | Comments (8)

Aug 08 2009

City attacks unemployment through social media

Can Twitter help people find jobs? It seems to be working in Richmond, VA.
Like most cities in the U.S., Richmond has had its share of job losses. As part of its workforce development initiative, the Greater Richmond Partnership, Inc. developed a full-online attack to help address the unemployment problem.
The Partnership put together a website aimed at connecting people to jobs and resources to find employment, including a free online career assessment tool. They also created a Facebook page and a dedicated Twitter account aimed at connecting people with jobs. E-Mail alerts also provide targeted job-related news to subscribers.

Jennifer Yeager, Marketing Communications Manager, said some of the success so far includes:
o 112,00 webpage views
o More than 1,000 registered job seekers
o 1,500 Twitter followers (growing >100/month)
o 6,331 job-related Twitter posts

o 42% open rate on email alerts
o Anecdotal evidece of succes from emails and direct messages:
“This is where I found the posting for the job I got!”
“Your work helped us close that candidate”
“Awesome twitter feeds on jobs in Richmond!”
“The folks at Richmond Jobs Net sincerely care about finding Richmonders jobs in the community.”
The Greater Richmond Partnership is also employing social media applications to support efforts to attract and retain businesses and support small businesses and entrepreneurs.

Tags: best practices, careers, economic development, facebook, financial impact, Google profile, measurement, social media, twitter

Filed in Case studies, careers, economic development, economics of social media, social media, twitter | markschaefer | Comments (1)

Aug 07 2009

Social media: Old people rule!

Today I’m pleased to introduce a special guest-blogger, my daughter Lauren, who provides a 20-something perspective of social media. Lauren is an awesome young woman (with a capital AWE) and is a junior majoring in Public Relations at Indiana University. She is also completing a summer internship with a company in San Francisco.

This week, my boss asked me to construct his company’s first Facebook page and establish a presence on Twitter. My qualification? I’m young.

The truth is, I probably know less about social media marketing than he does … Tweet what?

Sure, I am a child of the new media generation. But, the truth is, my generation is still trying to figure all this stuff out too! Granted, there are a handful of SM savvy hipsters who can tweet and blog their way through life, but half of us can’t figure out what to do with all this stuff.

Sure, we all have Facebook or MySpace pages and we love YouTube, but at college, we’re using these channels just for fun and we’re too self-involved to realize that SM can be used by businesses on so many other levels.

The “youth-as-social-media-change-agents” myth got pumped up to a whole new level a few weeks ago when a much-publicized 15-year-old delivered a report on media channels to Morgan Stanley. Not all of us in the under-25 bracket can do that … most of us are just not that precocious!

The only reason I’m on Twitter is because my Dad is there. When I found out he was on Twitter I thought, “Whoa! The old man is on Twitter? I must be falling behind!” Truth is, my whole generation is behind. Nearly every study shows that people OVER 25 are the ones most rapidly adopting social media … not us. And the fastest-growing category on Facebook is over 50!

Here’s my point: For all of you from the generation ahead of me who have been running rampant through SM sites to compete with my generation of “digital natives,” SLOW DOWN. You’re winning a race against a competitor that doesn’t even know the race exists!

The social media finish line looks a lot clearer in your reading glasses, than in my generation’s youthful 20-20 vision.

Tags: facebook, research, social media, twitter

Filed in social media, sociology, twitter | markschaefer | Comments (4)

Aug 05 2009

The biggest obstacle to social media business success

This is the third in a series exploring the keys to achieving business benefits in social media:
 
Connections + Meaningful Content + Authentic Helpfulness = Business Benefits.
Let’s continue the discussion with the second element, MEANINGFUL CONTENT.

To turn online connections into serious business relationships, you need to surround your cyber-self with useful, interesting content. Difficulty in providing consistent, meaningful content is the NUMBER ONE reason people give up and never achieve social media business benefits. So you just have to find a way to do it! First, let’s get those excuses out of the way:

  1. If you’re interesting, entertaining and funny, people will be drawn to you. But if you’re shy and have difficulty being entertaining, you just can’t provide content, so why try?
  2. Takes too much time. No person with a full-time job can possibly have time for the incremental effort needed for social media. Who has time to write a blog???
  3. Social media is just a stupid fad any way.

We are not going to accept these excuses, right? RIGHT! So, I’ve worked up a strategy for you to efficiently deliver meaningful content even if you’re not a natural writer. All you have to do is be yourself and tenaciously ENGAGE. Ideas to create content for the non-writer, in just a few minutes a day:

  • In the last post, I emphasized the importance of joining Linked-In Groups. Now become INVOLVED. Twice a week, respond to a question or comment in the group. You can answer questions can’t you? Of course you can! Time commitment: 20 min/week.
  • Once a week, peruse online magazines related to your industry. Find an interesting article. Leave an opinion or your appreciation in the comment section then tweet the article out to your followers on Twitter. You’ve created meaningful content twice. Time = 15 min
  • Find five or more blogs related to your industry and put them in an aggregator like Google Reader. Once you have this set up, review blog content at least once a week and comment + tweet out your favorite articles. 15 min
  • Find interesting and useful content that has already been created by your company. Are there ways you can reference this content to help others, solve problems, and answer questions?
  • In the last post we talked about finding connections through Facebook. Now visit them. Share, engage, comment, react, ask more questions. 20 min
  • Tweet AT LEAST three times a day (at different times), AT LEAST three days a week. (45 min/week)

At first, I know it can be difficult to figure out what to tweet, but you have to keep at it! When you get stuck, here are some subject matter ideas to get you going again.

  • An entertaining observation you made – it could be a funny bumper sticker, a movie or a commercial you saw on TV.
  • Something interesting related to your business or industry. But DO NOT SELL. Here’s an example of something appropriate: “Finally landed a great contract – business has been tough.” Or, “Went to a great training program on social media today – I recommend it”
  • Re-tweet a particularly good article or post provided by somebody you follow.
  • Comment on an observation made by one of your followers.
  • Take a picture from a place you’re visiting and comment on it.
  • Express an opinion on a national news story.
  • Ask a question and authentically seek help from the community.
  • Thank followers who do something nice for you, like mentioning you on a Follow Friday.

To provide meaningful content, you don’t have to write a lot, but you MUST COMMIT. You know that old saying: You can lead a horse to water but you can’t make him tweet. I can’t make you engage, but I promise that you can’t be successful without it.

If you were to help a friend get started in social media, what other ideas do you have?

Tomorrow, the final part of the success formula: Authentic Helpfulness.

Other articles in this series:

Part 1: A formula for social media business success

Part 2: Building meaningful business connections

Part 4: Social Media’s Economy of Giving

Tags: best practices, business strategy, business writing, customer acquisition, facebook, self-marketing, social media, twitter

Filed in B2B and social media, Blogging best practices, Twitter best practices, best practices, blogging, business strategy, economics of social media, social media, time management, twitter | markschaefer | Comments (15)

Jul 29 2009

Social media influence in the workplace may be relatively small

If you’re a brand trying to influence key business contacts through social media, it may not be happening during business hours … and it may not be happening at all, according to new findings by WorkPlace Media.
While more than half (55%) of office workers with Web access have at least one social networking account, only 43% use it at work (for less than 30 minutes per day), according to the just-released survey. A Forrester study released yesterday reported that all Internet activity among consumers has leveled off at about 12 hours/week.
Even less encouraging for marketers, the study found that not having a presence on a social site made little difference to people’s opinion of a brand. And only 11% follow any major brand on a social network.
That view gets support from a recent Harris poll in which 21% of participants said they relied on face-to-face info from a family member or friend when researching a purchase decision,compared to only 4% who mentioned using online social networking sites such as Facebook,Linked-In or MySpace.
In the Workplace Media study, however, Facebook was by far the most popular social property,with 89% members of the site. The runner-up was MySpace (40%), followed by LinkedIn (31%), and Twitter (18%).
Of the 18% who reported acting upon a business or product recommendation on social networking sites, the top categories were: entertainment (53%), dining out (50%), groceries (23%), beauty care/cosmetics (21%), apparel (20%), and electronics and pet care (15%).
The survey was fielded in May 2009 among 753 American workers.
I can’t vouch for the accuracy of the methodology or research but at least directionally speaking, the results are interesting and beg further study into:
  • Is the use of social media at work increasing or decreasing?
  • How is the access to social media being influenced by emerging corporate policies?
    Do the trends differ by industry?
  • 18% acting on SM product recommendations seems significant, especially since the channel is still developing. How rapidly is this going to develop?
  • Since work/personal behavior on social media is merging, what about home access to SM?
  • How does this workplace study compare to other populations like students or people who work from the home?

Tags: branding, facebook, financial impact, Internet marketing, measurement, research, social media

Filed in ROI and measurement, research, social media | markschaefer | Comments (17)

Jul 26 2009

Yes, it IS about the money

I know social media is about “relationships.” I get it … I really do. But if you are responsible for a social media initiative for your company, somebody is eventually going to ask you, “Where’s my money, honey?”
In a business setting, social media relationships must eventually lead to making or saving money. Of course they do. Every activity of the enterprise is tied to that in some way. So, why does this opinion create such a violent reaction in people?

The fact that I think you should be focused on the quantifiable business benefits of social media marketing seems to put me squarely at odds with many thought leaders right now. This quote from a very respected blogger still haunts me:

“When you ask businesses why they are participating in social media, what do they say? If they say, “to make money,” then they will fail, because currency in the social web is found in both relationships and content.”

Another leading observer opined yesterday that his “economy is relationships.”

An economy is not relationships. An economy is an exchange of goods and services. If the relationships contribute to that exchange, fine. But it all has to lead to business value at some point. You can’t feed your kids by increasing your “followers” or the number of people who have friended you on Facebook.

How is social media marketing any different from holding a company open house for community leaders or hosting a dinner to get to know some potential customers? Are those things about building trust and relationships? Yes, of course! But we also have no problem admitting that the ultimate goal is to burnish our image with these influencers to improve our chance of business success. Why are we so intent on carving out a special little place in the sun — where results don’t matter — for the social web?

The world would be so much easier if we didn’t have to be accountable for results. But that’s not the way business works. A company exists to create shareholder value, so that’s what you should do — and be PROUD of it!
Tomorrow, ideas on what measurements make sense for your business.
This is part of a series examining social media marketing measurement.
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                               

 

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Tags: business relationships, capitalism, corporate communications, customer acquisition, ethics, facebook, financial impact, Internet marketing, marketing strategy, measurement, social media

Filed in ROI and measurement, Social Media Strategy, Social Media best practices, business relationships, economics of social media, social media | markschaefer | Comments (8)

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    "I’ve had this discussion many times and find myself feeling rather silly for referring to Social Media as being “spiritual”. But I too, stand by that description. The context I was using it in is the same as yours but I was driving at a different point. When we embrace social media and just spew information, we don’t interact and we shamelessly self promote, in many ways we are being disrespectful to the spirituality of the venue."[more]

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