Posts Tagged ‘Social Networking’
By John Joyce on February 16, 2011 - Comments 0
How a New Breed of Small Businesses is Harnessing the Power of Emerging Technologies
Phil Simon offers a comprehensive view of technology past, present and future as it pertains to empowering small business owners to compete, adapt and grow as effectively as possible. Many of the stories and examples highlighted in the book include lessons learned from Simon’s past experience working with big companies – mostly how NOT to operate your business.
The New Small takes a holistic view of working smarter by identifying major technology trends and explaining how the landscape has changed and why you need to understand the impact on your business.
Employees can be only as productive as their company’s tools let them be. Even the hardest working person who requires zero sleep cannot move heaven and earth. Many New Small founders know from their previous jobs the frustration of having to make do with outdated technology. As such, they do not want their employees to struggle using inadequate tools. The New Small wants -and needs- their employees to be as productive as possible. Emerging technologies are crucial in this regard, especially collaborative ones.
Before giving you examples of successful New Small business owners (and there are plenty of great stories in the book), Simon explains the evolution of technology and the impact it can have on your business. Simon refers specifically to “The 5 Enablers” as follows:
- Cloud Computing
- Free and Open Source Software
- Social Technologies
Once you understand these “game-changing” technologies and the impact they can have on your business, and combine that knowledge with the real world examples in the book, you’ll be ready to enter the realm of the New Small. Kudos to @philsimon for combining technology and business insights in one book that is well written and so densely packed with nuggets of insight and inspiration that it will certainly become more of a “operational reference guide” in the future.
I recommend this book to any small business owner that embraces the fact that change is inevitable/ongoing and you must be ready and willing to adapt to the uncertain world around you.
By John Joyce on October 28, 2010 - Comments 2
If you have a local business and still rely on direct mail to reach prospects as well as existing customers, then you have experienced the fear of not knowing whether you have achieved any ROI. What if you could actually track the audience response to your direct mail campaigns and even follow their progress through your own online portal? What if you could track their referral activity once they transitioned into the online world and allow them to utilize social networking links to evangelize your offer to their network of contacts? And, finally, what if you could reward these customers based on their influence and ability to drive new customers to your business? That would be just Dukky!
I read an article about a company called Dukky in the July 2010 issue of Entrepreneur Magazine where the founder of Dukky, Shawn Burst, had an idea to revive the dying direct marketing and print industries. Let’s face it, more than 99% of “junk mail” goes directly into the trash. But, with this solution, you have a lead generation system that marries the offline marketing world with the online marketing world. Take a look at the video below to get a better understanding of exactly how Dukky works:
“According to the Direct Marketing Association, more than 54 percent of all advertising spending in the United States goes into direct-marketing channels. Spending in 2009 was more than $149 billion; direct mail and catalogs alone made up $44.4 billion of that.”
Businesses spent more than $44B in 2009 on direct mail and catalogs and they have no idea what kind of return they’re getting on their investment. Now, Dukky will allow them to develop direct mail campaigns that can be tested and tracked for effectiveness.
For the small businesses that use postcards to remain top-of-mind with prospects, now you can entice them to participate in a more interactive process, to better understand your USP and to share a special offer with their social network. Dukky’s small business solution is currently in beta and pricing starts at $99/month so I suggest you get in touch with them and find out how they can help you leverage their solution to grow your business.
The reports of direct marketing’s death have been greatly exaggerated – according to Shawn Burst at least.
By John Joyce on October 13, 2010 - Comments 0
Small business owners have an opportunity to take advantage of several great technologies to broaden their local reach and position themselves as the big fish in their respective small pond. I’m going to assume that most local businesses are listed with the three major search engines (Google, Bing, Yahoo) but, if not, refer to this white paper for instructions. Each of these platforms has local search embedded, to some extent, so you want to be able to take advantage of this free marketing platform.
I just read an article this morning about a local bakery, Sugar Coated Bakery, that has managed to thrive in this difficult economy even with the rising cost of ingredients like flour and sugar. They have a Facebook page but no Twitter account listed on their site and I immediately thought of a product I read about last year, Baker Tweet, which enables you to scroll through your list of baked goods and Tweet when a new batch comes out of the oven. Also, Advanced Twitter Search allows you to identify people based on their location, follow them and, hopefully, they’ll follow you back.
Give people the opportunity to friend, follow or like you in any way they choose and then make sure you keep the conversation going.
I’ve written about Foursquare before and it has defined the location-based marketing space by proving the value of building a participatory community as opposed to the more conversational platforms like Facebook. This is a solution where you can reward your best customers and build an army of evangelists simply by letting them take part in your success.
This is one of the best ways to build loyalty and generate repeat business from your most loyal customers.
3) Location-Based Advertising
If you’re having trouble building a following within social media platforms, help may soon arrive in the form of location-based advertising from Twitter. Wouldn’t it be great if you could reach your core demographic within 20 miles of your business with a very focused value proposition? Foursquare has stumbled in their efforts to deliver location-based advertising options but maybe it’s a sign that their platform is best suited for DIY campaigns only. Google just announced that Marissa Mayer has been promoted from VP of Search and User Experience to a new role focused on location-based services.
Three big players all vying for your advertising dollars. Let’s hope at least one of them comes up with a solution that delivers.
By John Joyce on September 12, 2010 - Comments 0
A recently released “study” by a psychology student at York Univiersity in Canada showed Facebook users are more likely to be narcissistic. Their next piece of research will likely answer the age-old question, “do the Irish like beer?” Seriously, though, this should serve as a reminder to companies using social media - be genuine and don’t try to project a false image.
Self-promotion is an integral part of social networking but you can’t change your message or image simply because it’s different from more traditional channels. The unique advantage of new online communities is that they are bidirectional and in real time so feedback is instantaneous. In the future, when you’re interacting with prospects and customers online, make sure you follow these three guidelines:
- Be honest
- Be consistent
By John Joyce on June 2, 2010 - Comments 0
I just received an email from LinkedIn announcing a new feature that essentially allows you to share your favorite news and media from within your profile. This is really a natural progression and I’m sure there were plenty of customers clamoring for more publishing and sharing capabilities to be built into the application.
Personally, I use CoTweet as my main dashboard for posting updates and then send them to LinkedIn via Ping.fm but, for someone who spends the majority of their time on LinkedIn, this is a very easy way to position yourself as an expert from within the most powerful business networking platform.
The process is very simple and can be seen in the video below:
By John Joyce on April 9, 2010 - Comments 0
Personally, I haven’t found anything useful about foursquare other than to compete for the Mayorship of a local health club with my friend Anand Rajaram over at Office Drop. With that said, I do think businesses that exclusively operate locally can creatively leverage this type of location-based marketing service to “monitor and market” in real time.
If a business embraces a service like foursquare, they instantly connect with their customer base in a way that promotes customer loyalty and offers a compelling reason to come back. (along with bragging rights)
If there are people already visiting your establishment who use a smart phone, then all you have to do is notify them that you are offering specials via foursquare. As stated on their website, “foursquare aims to encourage people to explore their neighborhoods and then reward people for doing so. We do this by combining our friend-finder and social city guide elements with game mechanics – our users earn points, win mayorships and unlock badges for trying newplaces and revisiting old favorites”.
In a difficult economy, a free cup of coffee or free appetizers at your favorite establishment means as much as the new lawn chairs my parents acquired from collecting S&H Green Stamps when I was a kid. (I know, I’m dating myself)
The ability for your customers to send out their location (your establishment) via social networks such at Twitter and Facebook creates a “viral invite” that can boost foot traffic exponentially. There are also some fairly simple tools available to track your best customers, deliver special offers when someone checks in, and keep your best customers engaged and involved.
All you local business owners should at least give this a try and see if you can increase business by developing a marketing strategy around foursquare. Trust me, you’ll still be way ahead of the curve if you do it now and you’ll have your system perfected by the time foursquare explodes.
By John Joyce on April 7, 2010 - Comments 0
You need to get people talking about your business. Period. Your product/service must offer an experience that compels customers to talk about you and recommend your business to their network of contacts. Of course, there’s a flipside to this equation and that’s when someone has a negative experience with your business and they decide to share that information on social networks. If you experience the latter, don’t run and hide; address the issue head-on and diffuse the situation within the same public forum it began.
To get started, visit each of these sites to determine if your business is listed and what people are saying. Claim your business, manage the conversation and address issues as soon as possible. You can’t make these sites go away so your best bet is to develop a strategy to make them work in your favor. This is an yet another social medium that isn’t perfect and is continuously evolving and your strategy will have to do the same.
By now you’ve heard all the hoopla about Yelp having “long faced criticism that it gives preferential treatment to businesses that advertise with the company.” Although Yelp maintains that there is no connection between the two, they did announce significant changes to the service this week.
Service providers like Yelp have proven how lucrative the local search advertising market is and Google is currently testing Enhanced Listings in Google Local Business Center that would allow business owners to create a unique, differentiated listing. Google’s beta service currently offers the following:
- Add yellow tags to promote coupons, a photo of your business, and more.
- Stand out in local business results on Google & Google Maps.
- See your performance in your account anytime.
- Cancel anytime. Pay just $25 a month.
Will Google face the same scrutiny as Yelp? We’ll have to see how this plays out but, if Google can collect $25 per month from a large percentage of small business owners, there’s a good chance we’ll see this rolled out in the near term.
The bottom line for businesses, especially “local” businesses, is to be aware of all these feedback sites and to monitor your reputation regularly.
By John Joyce on March 25, 2010 - Comments 0
Facebook and similar networks where “socializing” is truly the main objective can be ineffective marketing platforms for many businesses. I’m not saying that you shouldn’t have a fan page for your business but, what I am saying is that you have to prioritize the amount of effort you provision for each online marketing vehicle based on simple ROTI. (Return On Time Invested) For each network, you must ask yourself 1) How do you find your target audience? 2) How do you convey your message in a way that is meaningful to them? 3) Should you be marketing to people who have become members of the mafia or have started a farm? (you know exactly what I’m talking about)
Wouldn’t it make more sense to put your effort into a network of like-minded business people who are actually interested in professional networking, business deals and partnerships? I have been using LinkedIn since 2003 when it was in beta and it is, by far, the most effective business networking tool I have ever used.
Of course, the only way to know which network is best for your particular business model is to test both platforms. An easy way to do this is to run some simple advertisements on LinkedIn and Facebook. You set all demographic criteria to narrow down your target audience. You can also set a daily limit for spend and choose to pay per click (PPC) or per thousand impressions (CPM).
Building your marketing ecosystem is a balancing act where you must test, evaluate, rinse and repeat. It’s important to build your online presence but it’s even more important to optimize your efforts which is a perpetual learning experience.
By John Joyce on March 23, 2010 - Comments 1
If the first two requirements of effective blogging are 1) an enticing headline and 2) valuable content, then #3 would be choosing a topic that is so hot that your readers are going to share it with the masses on sites like Digg and Reddit. These types of crowdsourced buzz platforms allow the collective community to drive awareness and create buzz around user submitted news and blog posts. As you have more than likely already learned, the more posts you write, the better you’ll be able to understand what type of headlines and content are catching people’s attention and you’ll begin to discover your “voice”. Promoting your blog to these platforms is a bit different from the basic SEO strategy implemented within your site, so I’ll review some of the specifics to help you develop your own “external buzz strategy”. (Since Digg is currently the most popular platform, I’ll use that as my point of reference when citing examples and tactics)
Once a post makes it to one of these sites, you can notify your network to start fanning the flames by voting and forwarding the link. Of course, as is true with many of these “exposure platforms”, there is etiquette that must be followed in the course of presenting content to the masses.
Here are a few tips:
- Don’t submit your own content to Digg. If possible, ask friends to submit for you.
- If your friends are going to submit your content, make sure they also submit additional content from other sources at the same time.
- As mentioned in the beginning of this post, write a compelling headline and description.
- Be active in the Digg community by voting, developing your profile and inviting friends.
This might sound like a lot of work but getting “Dugg on Digg” can drive substantial traffic to your site. Actively participate in the community and you should be justly rewarded.
By John Joyce on March 16, 2010 - Comments 0
If you want to develop the “persona” of your small business, you have to make sure your audience is easily able to interact and share their thoughts and feedback with you. It’s also important to deliver engaging and, in some cases, polarizing and provocative content that will motivate people to interact. Finally, once you spark conversation and debate, you still have to maintain some semblance of control over the process so I have listed several tools available to help with this process: