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Should Social Media Marketers Give Away the Good Stuff or Get Ripped Off?

February 23, 2012 By
No Burglars sign

I’ve gotten burned by being a little too optimistic and open at times, especially now that I’ve been in the social media marketing business. I share the good stuff with people, and while for the most part, it pays me back in the end, there have been a couple times where I got ripped off.

Not just taken advantage of. I’ve had revenue-generating ideas stolen because I shared them too early in a negotiation process.

When I first moved to Indianapolis, I was working with a friend, Darrin, at his marketing company, and we were pitching a possible new client. As part of our pitch, I suggested that the owner start a new off-shoot company to hire entry-level employees and train them in his methods. This would end up being a feeder company for experienced employees, rather than have to scramble around at hiring time. Sort of like a minor league baseball team feeding into a major league one.No Burglars sign

It was a pretty good idea, even if I do say so myself. And I was proud of the suggestion, because the owner also seemed to like the idea, and I thought it was going to help us get the marketing contract.

Unfortunately, he never hired us. He never gave us a reason. He just took our proposal, and never returned our call, and was always “busy” when we called him. (My business partner, Paul, calls this the “Indiana No.”)

Fast forward to four years later, when I see the business owner in the newspaper for the brilliant idea “he had” for starting a smaller company for entry-level employees who later moved up to his company. It ended up being very successful company for him too.

How much did Darrin and I get for our idea?

$0.00

Not having learned our lesson that time, a few weeks later, we made another pitch to a local restaurant, including six ideas we wanted to execute for them, and one idea for a radio commercial. After submitting our official proposal, they said they weren’t interested, and kept the proposal.

A few months later when I went in to the restaurant, I saw that they were using five of our six ideas, and had used our radio commercial idea for a guest appearance on a local radio station.

How much did Darrin and I get for these ideas?

$0.00

Painful Lessons Learned

The lesson my friend and I learned in all of this? Give away the good stuff, but don’t give away the secret sauce.

It’s a shame too, because I fully believe in the Chris Brogan model of give away the good stuff. I don’t want to give away a nickel’s worth of free stuff to sell $100 worth of ideas. I want to give away hundreds of dollars of ideas to sell thousands.

Pile of $100 billsOur point was to give away some interesting ideas in the hopes that we would get hired to actually do them and get paid for it.

Did we get hired? No. Should we have gotten the contract just because we rattled off a few good ideas? Probably not.

But it seems to me that when someone pitches you an idea, and you don’t hire that person, you also should not be allowed to steal their ideas, especially when you didn’t hire anyone else to do it either. At the very least, it’s unethical, and the people who do it are skeevy.

So I’m torn. What should I do in the future?

Should I selfishly hold on to my “secret sauce” and only share the information that anyone can find in a book? I do that now when people want to “pick my brain” in exchange for buying me lunch.

Or should I give away any idea that I come up with for a potential new client in the hopes of signing them?

On the one hand, demonstrating some of our ideas could help us win a contract. On the other hand, the people we work with are smart enough to execute an idea just based on a basic two sentence explanation. If we tell them they need milk, they’ll figure out where to find a cow.

If you’re an entrepreneur, marketer, or salesperson, what do you do? Do you trust people and “share hundreds to earn thousands?” Or do you play things close to the vest and give those ideas away only when you’ve got a signed contract in hand? How would you play it?

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    Author :  •  Content Location : Indianapolis, IN  •  Headline : Should You Give Away the Good Stuff or Will People Rip You Off?  •  Keywords : Chris Brogan, consulting, social media marketing  • 
    Filed Under: Communication, Lead Generation, Marketing, Personal Branding Tagged With: , ,

    Attorneys Should Have Their Own Blog Content, Not Syndicated Content

    February 16, 2012 By

    Attorneys need to approach the use of syndicated blog content with care. Many times, syndicated posts are written as a one-size-fits-all approach, and you can make tweaks and changes as needed. But what if you don’t have time, or don’t know how, to make the changes? What problems could you see if you relied on syndicated content?

    Here are three reasons we think attorneys should have their own blogs with their own content, instead of relying on syndicated content.

    1. Syndicated content does not perform well in search.

    If you buy a copy-and-paste content service, chances are it’s not going to be picked up by the search engines. That’s because Google has a “no duplicate content” rule they follow, meaning they don’t want to see a lot of websites using the same content over and over.

    You may hear this described as the duplicate content penalty, but it’s not a penalty. Rather, Google just does not index the content. The Google bots see it and say, “we already saw this back at another website, so we’ll ignore this one.”

    One of the primary reasons to have a blog is to rank high on the search engines, and it doesn’t make sense to pay for syndicated content if it’s not going to help you rank in the first place.

    (That’s not to say that all content syndicates do this. The better ones don’t. The cheaper ones, not so much.)

    2. You can localize your content.

    Google is paying a lot more attention to local search, because they’re delivering local search results to their users. Check it out. Go to Google, and do a search for “Italian restaurant.” The results you’ll see will be for the city where you perform the search. That’s because Google can see where you are, and it wants to deliver the results you’ll be most interested in. If you’re in St. Louis, Google assumes you don’t care about Italian restaurants in Jacksonville, Florida, so they deliver the results you’re most likely to be interested in.

    To that end, it’s more helpful to write localized articles about your areas of specialty and include your city or geographic practice area in things like the headline and body copy, so Google will know where they should have you listed.

    • Five Things to Look For In An Indianapolis Personal Injury Attorney
    • When Does a Startup Need a Chicago Intellectual Property Attorney?
    • Should I Hire a Florida Attorney to Plan My Estate?

    You need to do this so when a potential client does a search online for an attorney, they find your page. Google is not going to return the best-optimized pages around the country. It’s going to show them the results from the pages in their city and/or state. If your site is properly optimized, clients will find you, not your competition.

    3. Your Content Can Fit Your Readers’ Style

    Syndicated blog content is written one way, and it may not be your style. But, you paid for it, so you might as well use it, right?

    Wrong.

    If you’re paying for it, you’re presenting your image in a style that doesn’t quite fit with you, or more importantly, may not appeal to your readers.

    It’s important that you communicate with your readers in the way they want to be communicated with. And since you know your clients the best, you can best dictate the kinds of topics they want to read, the style, language, and even readability of the posts. You should even be able to decide the best keywords to write about that week or month.

    Since you know your readers best, you need to create content that they will find and read, which will ultimately lead to them calling you when they need you.

    Whether you write your own blog posts 2 – 3 times a week, or work with a ghost blogging service (which we recommend, given your hourly billing rates; otherwise, blogging will end up being your lowest priority), you need to have content that is geared toward your style, your geographic region, your clients, and can help you win search for your niche and your keywords.

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      Author :  •  Content Location : Indianapolis, IN  •  Copyright Year : 2012  •  Headline : Why Attorneys Should Have Their Own Blog Content Instead of Syndicated Content  •  Keywords : blog content, business blogging, corporate blogging, legal blogging, attorney, lawyer  • 
      Filed Under: Blog ROI, Blog Writing, Blogging, Business Blogging Content, Corporate Blogging, Lead Generation, Marketing, Social Media, Social Media Marketing, Writing Tagged With: , , , , ,

      Dear Executives, Social Media Does Not Render Your Employees Stupid

      February 10, 2012 By

      Social media does not make people stupid. It does not make them irresponsible, lazy, or unproductive. Social media will make you money, however, if you do it right.

      I talk to a lot of business owners and executives who worry that if they start using social media to market their business, their employees’ productivity will plummet.

      I’ve had meetings in the last two days with two different business owners. One has embraced Facebook and blogging fully, the other is worried that Facebook will hamper his employees’ ability to get work done.

      The first employer urges his employees to do stuff on social media. Almost requires it. His Facebook page gets dozens of visits a day, which is awesome because they sell such a niche product, the customer base for the entire country can be measured in the thousands.

      The other employer says — and rightly so — that they have so much administrative work to do around the office, he doesn’t want their Facebook efforts to distract them from getting their admin work done.

      The first employer wants to know how he can do more social media marketing. The second employer wants to know the bare minimum he can get by with.

      As Doug Karr says, asking what the minimum you can get by with on social media is like asking how slowly you can drive a race car.

      Social Media Marketing is Not About Playing

      Facebook lets me see kittehs

      ZOMG! Facebook lets me play with kittehs!!

      We as employers trust our employees. We trust them to answer the phones and be pleasant to everyone who calls in. We trust them to make travel to other states and make sales calls and presentations. We trust them to take payments from customers and put our money in the bank. We trust them to buy products from other companies. And we even trust them to use computers without standing over them, watching them type every email.

      So what is it about social media that scares the bejeezus out of every employer and makes them think that the second they allow Facebook onto their computers, their entire workforce is going to turn into a bunch of 13-year-old girls jacked up on Red Bull and the most recent Justin Bieber sighting?

      If you trust these people enough to do business in your name, collect and spend your money, and talk to your customers, then you need to trust them enough to continue to do these things while Facebook is unblocked on their computers.

      If you don’t trust them, that’s your fault. If you don’t trust your employees to not screw around, you’re the problem, not Facebook. You hired the wrong people, and that’s a management issue.

      Hire people who will get their work done, and make your expectations for social media usage clear from the outset. These are people who can help your company be more profitable, so why not take advantage of that?

      Social Media Marketing is About Making Money

      The whole reason for a business to be on social media is to make money. Period. It’s not to play Farmville on Facebook. It’s not to pin the latest novelty cake on Pinterest. It’s not to take photos of a rusted out piece of farm equipment on Instagram. It’s to find people who would be interested in buying your products or services.

      Every business owner and manager is always looking for a way to make more money and be more profitable. The problem is, many of them are hampered by doing the things that don’t make them money. Doing payroll. Filing claims. Managing inventory. Filling and shipping product orders.

      The problem is, payroll, paperwork, inventory, and shipping don’t make you money. Marketing makes you money. Finding new customers makes your money. If you’re a business owner, and you’re spending your valuable time doing payroll, paperwork, inventory, and shipping, instead of generating revenue, outsource them.

      Hire a bookkeeping firm to manage payroll. Hire a virtual assistant to file your claims. Hire a $10 hour college student to count inventory and stick orders in boxes. The less of this non-revenue generating work you can do, the better.

      Spend the newly found time pursuing new customers. Spend it on Facebook, Twitter, or writing your blog. It doesn’t take long to bring in a couple choice clients to recover the costs of having a part-time employee handle the grunt work that’s actually losing you money. Have them handle more of your non-revenue workload, and find a couple more. You can grow just by having someone else do the heavy lifting for you.

      But it starts with letting go of the fear that your employees are going to be struck stupid the second you allow Facebook, Twitter, or LinkedIn on your company computers.

      Photo credit: bjornlifoto (Flickr)

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        Author :  •  Content Location : Indianapolis, IN  •  Headline : Dear Executives, Social Media Does Not Render Your Employees Stupid  •  Keywords : social media marketing, Facebook, productivity  • 
        Filed Under: Blogging, Corporate Blogging, Facebook, Lead Generation, Marketing, Social Media, Social Media Marketing, Social Networks, Twitter Tagged With: , ,

        Fast Company Doesn’t Know You Can Calculate Social Media ROI

        June 23, 2011 By

        Fast Company seems to have an aversion to math or basic research. Their latest story, Does Social Media Have a Return on Investment, says that no one is able to calculate the ROI of social media, and that large brands like Audi and Home Depot are just fumbling around in the dark on determining the ROI of social media.

        This is complete and utter crap.

        People have been able to calculate the ROI of social media for a few years now. In fact, as Katie Paine (@kdpaine) pointed out in the comments section to this article:

        This is ridiculous. Back in 2008, Wells Fargo and SAP were calculating solid ROI from social media campaigns. Social media agencies like Organic have been using sophisiticated data analytics for years to predict outcomes.  You stumbled across a few creative types that are allergic to math and haven’t a clue what data is available who don’t care about measurement or  ROI. And if they are using Klout, the really don’t care much about the accuracy either. Other marketers, the smart ones, are embracing all the data and analytics now available and providing solid ROI on a regular basis.

        It’s not that hard to calculate the ROI, or to measure anything when it comes to social media. Here are the basic steps you can use to calculate even the most rudimentary ROI of a sales page:

        • Set up Google Analytics on your website. Make sure you put the code on every page.
        • Set up Google Webmaster Tools, and use their Campaign Code Creator.
        • Append any URL you tweet out or put on Facebook with the Campaign Code Creator.
        • Shorten every link you send with Bit.ly, including the campaign code, and send it out. Assign different campaign codes to different messages, tools, and campaigns.
        • Track down the visits that filtered down into visits to the sales page. Total up the sales from those visits. Cross-reference them with the contact data that came from the sales form.
        • Subtract the cost of your campaign from your sales total. That’s your ROI.

        And that’s the writer’s method of dealing with ROI. There are entire suites of tools built to answer the ROI question, and professionals like Katie Paine have been doing it for years.

        With thinking like this being erroneously spread by Fast Company and writer Farhad Manjoo, it’s no wonder businesses are afraid to spend money on social media. When uninformed media — who frankly should know better, or should have done some remedial research — start spreading bad information based on their own misunderstanding, it not only shows their ignorance of the industry, it spreads bad information to the rest of the business community.

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          Author :  •  Content Location : Indianapolis, IN  •  Headline : Fast Company Doesn't Know You Can Calculate Social Media ROI  •  Keywords : social media, ROI, Fast Company, Katie Paine, social media ROI  • 
          Filed Under: Lead Generation, Marketing, ROI, Social Media Tagged With: , , , ,

          Four Ways to Use Twitter as a Lead Generation Tool

          February 14, 2011 By

          Have you gotten any sales leads from Twitter? Have you ever found any opportunities, whether personally or professionally, from the micro-blogging network?

          While some of the social media purists might still gnash their teeth and pound their laptops from the safety of their moms’ basements, anyone who wants to see Twitter (and other social media tools) succeed needs to show their bosses that it can generate business. If you’re in sales or marketing, here are four ways you can use Twitter as a lead generation tool.

          1) Connect With People in Your Industry.

          Twitter is a great way to easily get connected with people in your industry. Use tools like Twellow (for Twitter Yellow Pages) to find people in your industry, and search.twitter.com to find people talking about your industry keywords. Also try Googling a title and/or company with the words “on Twitter” in the search. So, look for VP of Creative Services on Twitter or Professional Blog Service on Twitter, and see what pops up.

          If you’re a TweetDeck user or use Twitter lists, save your industry contacts into their own list, and communicate with them. By keeping them in their own list, you’re more easily able to see what they’re talking about.

          2) Build Relationships.

          The newbie mistake that many new Twitter marketers use is to treat Twitter like an advertising channel. That is one thing you absolutely cannot do. People don’t want you to sell to them.

          Instead, establish relationships. Have conversations with them, retweet them, introduce people, share articles, ask them questions. If they’re local people, or you have a chance to attend industry conferences, connect with them in person. Meet for lunch or coffee, and create that all-important offline relationship. Then, you’re a person, not a handle. You have a face, not an avatar. By creating those relationships, you become someone they’ll trust, especially if they ever need what it is that you do.

          But never, ever try to sell anything. Do that in phone calls and meetings, when the time is right, not when they start following you.

          3) Establish Your Expertise.

          When people have a problem, make sure they know you’re the one to solve it. Answer questions, share information, refer useful articles to them. If you write a blog (you do write a blog, don’t you?), share the useful posts with them. Ask them to comment, and leave thoughtful comments on their blog.

          If you’re trying to reach people in your industry, write about topics related to that industry, especially if you can make them useful to the problems your Twitter network is having. For example, if you own a Mac repair shop, and you know a bunch of Mac-owning public speakers, and you know a lot of them are having problems dealing with the new Keynote 09 (which, irritatingly, ruined a bunch of my past slide decks. Thank God for backups), you could write a couple blog posts about how to solve that problem.

          Then, forward the article on to them via Twitter or DM. They’ll see that you know your stuff (as well as theirs), and they’re more likely to call you for that problem that can’t be fixed with a few keystrokes, or explosive cursing and an external hard drive.

          4) Direct or Facilitate the Conversation.

          If you create the subject people are talking about, or steer people to the place where they can find answers, you are helping people figure out they may need your product or service in the first place.

          The best example I can give is Apple computers. Before 2001, no one knew they needed a portable MP3 player. No one knew they needed a way to play music on anything besides a portable CD player. No one knew they needed a way to create or listen to podcasts, or that they could even learn through radio shows of random length and scheduling. Once Apple introduced the iPod, people realized they needed this device, and the industry changed.

          By directing or facilitating the conversation, you can help people see the pain point they never knew they had, and they will look to you for solutions.

          How do you use Twitter as a lead generation tool? Do you even do that, or do you think it’s just wrong and that people shouldn’t do it? Leave a comment, and let us hear from you.

          My book, Branding Yourself: How to Use Social Media to Invent or Reinvent Yourself (affiliate link), is available on Amazon.com, as well as at Barnes & Noble and Borders bookstores. I wrote it with my good friend, Kyle Lacy.

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            Author :  •  Content Location : Indianapolis, IN  •  Headline : Four Ways to Use Twitter as a Lead Generation Tool  •  Keywords : Cold Calling, Lead Generation, sales, social media, twitter  • 
            Filed Under: Lead Generation, Networking, Social Media, Twitter Tagged With: , , , ,

            How To Turbocharge Your LinkedIn Profile

            January 12, 2011 By
            li-tutorial.png

            Web pages are useless without traffic, and the same is true about LinkedIn profiles. It doesn’t matter if you are looking for new customers, a job or just more connections, no traffic = no opportunity. Here’s a simple strategy I used to increase the traffic to my LinkedIn profile page from 3-4 people per day to 70-80 people per day (that means 27,000+ visits in a year). Feel free to make it your own:

            Step 1: Figure out what your goal is with your LinkedIn Profile.

            This isn’t that hard. Your LinkedIn profile is a resume with a couple of places you get to be creative, and there are really only a few practical uses for LinkedIn. Most likely your goal is one of these four: [Read more...]

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              Author :  •  Content Location : Indianapolis, IN  •  Headline : How To Turbocharge Your LinkedIn Profile  •  Keywords : linkedin, social media, social networking, social networks  • 
              Filed Under: Lead Generation, LinkedIn, Networking, Reputation Management, Social Media, Social Networks Tagged With: , , ,

              I’ll Read Your Ad for $250. My New Pay-For-View Pricing

              December 30, 2010 By

              Kim Kardashian annoyed more than a few Twitter users when it was leaked that Kardashian commands $10,000 to send a promotional tweet out to her then-2.7 million followers (now 5+ million).

              (Kardashian denies that she receives that much money. Rather, she says she just tweets about products she likes.)Kim Kardashian supposedly receives $10,000 for each marketing tweet she sends.

              While I don’t follow her, I’m sure that her 5 million followers (minus the ones who aren’t spam bots and people who abandoned Twitter after a month) are looking forward to reading something interesting and not very vapid or shallow. (Yeah, good luck with that.)

              How disappointing is it for her fans to learn that their favorite non-celebrity celebrity is only telling you she likes her shoes because someone forked over 10 grand to say so? While marketers think a so-called celebrity’s time and endorsement are valuable, they are also showing they think my time or interest isn’t.

              So I have a new offer to marketers who want me to read celebrity endorsements and social media marketing messages: I will read anyone’s tweet, watch their commercial, or read their marketing copy for a fee.

              That’s right. You can pay me to absolutely look at, read, watch, and consider your product. Think of it as a personal endorsement. After all, my time is valuable. Time I could spend working or being with my family is instead interrupted by you and your spokespeople trying to get me to buy something. And I do my best to ignore it, hide from it, or block it completely. So you come up with something new and creative, which means I have to do something new and creative to avoid it.

              So how about you pay me instead? If you pay me, I will read whatever you put in front of me (except for that damn Kay Jewelers ad where the brain-addled woman is afraid of a thunderstorm). Rather than spending $10K on someone who is famous without actually doing anything useful, spend the money on me, and I will read or watch to your heart’s content.

              According to my new Pay-For-View pricing schedule, I will:

              • Read any celebrity advertising tweet for $75. Any non-celebrity advertising tweet is only $25. (Hey, if you’re forking out $10,000 because someone is famous, chances are I find them annoying. So the extra $50 is for the wear and tear on my soul.)
              • Visit any company website for $150, and spend 10 minutes on the site, plus additional charges for any of the following:
              • Watch any video less than 5 minutes in length for $200. For videos longer than 5 minutes, it’s an additional $75 per minute.
              • Read any marketing copy, up to 750 words in length, for $150. Since I can read 750 words faster than you can say it in a video, I’ll cut you guys a break on the cost.
              • Also, any marketing surveys, registration forms, or instances where I have to give you my personal information is $100 plus a $25 per minute processing charge (minimum 5 minutes). I had originally considered charging a flat fee per information field (i.e. mailing address, phone number, etc.), but the rate sheet ended up being three pages long and still required a lengthy explanation.

              Now, these prices are actually fairly reasonable, and I feel completely justified in charging them. After all, my time and consideration are valuable. I have a job, a family, and disposable income. I’m not easily swayed by celebrity endorsements, and will go out of my way to avoid most commercials and marketing messages. In short, you’re spending all that money to get celebrities to reach me, and I’m going to support you (and them) by spending my money. The least you can do is support me for spending my time thinking about you.

              Kim Kardashian may be on to something, and I have to give her credit for helping me stumble upon the idea. As a thank you, I will read her next three promotional tweets for free.

              No guarantees I’m buying anything though.

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                Author :  •  Content Location : Indianapolis, IN  •  Headline : I'll Read Your Ad for $250. My New Pay-For-View Pricing  •  Keywords : celebrities, Kim Kardashian, Marketing, online marketing, social media marketing, tweet, twitter  • 
                Filed Under: Lead Generation, Marketing, Public Relations, Social Media, Twitter Tagged With: , , , , , ,

                Five Reasons Why Attorneys Should Blog

                November 10, 2010 By

                I’m surprised at the number of attorneys who aren’t blogging.

                If there was any form of communication made for attorneys, it’s blogging. It’s not a website, not TV, and certainly not the Yellow Pages. Here are five reasons why private practice attorneys should be blogging.Law books

                1. You show up higher on local search engine results. Many people are forgoing their Yellow Pages in favor of Google. And Google will automatically give results from your current location, not where they think you live. So if someone looks for an intellectual property attorney in Indianapolis (like my friend Matt Schantz), Matt may or may not appear at the top of Google’s results.
                2. You demonstrate your knowledge and experience in your particular field. If you specialize in corporate law for green companies, you should be writing about green issues. For example, if you wanted to specialize in working with alternative energy, you should be writing about alternative energy law, alternative energy news, and even Congressional bills that may affect alt. energy companies. The net result is that you’ll be seen as one of the leading voices for the industry, and more likely to be called whenever a company needs your advice.
                3. It’s a way to build your personal and professional brand without spending a lot of money advertising. It’s also a way to market yourself while staying within your state bar association’s rules. For example, we have a Kentucky law firm as a client, and we know that as long as we’re offering information (see point #2), and not providing legal advice, we’re within their guidelines. And our client still gets the benefit, because they’re beginning to win local searches for their specialty, and being seen as an expert in their particular field.
                4. It’s a way to learn new information. The old “see one, do one, teach one” model comes to mind here. If you read something, you may know it, but if you have to explain it to someone else, you’ll truly understand it. This also forces you to find something new to write about on a regular basis. It keeps you up to date on your chosen specialty, by reading different news articles, law journals, case law, and court decisions.
                5. You can improve your writing. Your blog should not be written for other attorneys, it should be written for clients. And your clients don’t talk or read like attorneys, so they don’t do “wherefore, whereas, and heretofore.” They do “if, except, and until now.” The best way to create tight, easy-to-understand plain English is to be forced to do it every couple of days

                Photo credit: umjanedoan (Flickr)

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                  Author :  •  Content Location : Indianapolis, IN  •  Headline : Five Reasons Why Attorneys Should Blog  •  Keywords : attorneys, blogging, lawyers, legal marketing, social media  • 
                  Filed Under: Blog Writing, Blogging, Business Blogging Content, Communication, Lead Generation, Marketing, Social Media Tagged With: , , , ,

                  Measuring Social Media vs. Traditional Media

                  November 9, 2010 By

                  The one advantage social media marketing has over traditional marketing is accurate measurement.

                  With tools like Google Analytics, Google Webmasters, SEOMoz, and even bit.ly, you can see how well your corporate social media campaigns are working. (Doug Karr has a great post, Your Analytics is Missing the Mark, on the different social media tools you can use.) I can use these tools to measure my social media performance, down to the visitor, the second, and the penny. Photo of an old tape measure

                  But you can’t do that with traditional marketing.

                  Why Can’t You Predict the ROI of Social Media?

                  Last week, I talked about why it’s important that — at least in early discussions — you ignore the question of “what’s the ROI of social media?”. That’s because, as Scott Stratten said, you can substitute words like “Twitter” with “talking.” Then you’re asking questions like “what’s the ROI of ‘talking?’” “why should we be ‘talking’ with our customers?”

                  Part of the reason is that social media is so new, it’s difficult to say what your ROI is going to be. For example, we have one client that has $20 million in sales each year, and we helped him grow his sales by 6% through social media. We have another client whose business is big enough to employ four people, and she tripled her sales — that’s 300% growth — through social media.

                  So, our range of success is 6% to 300%. That’s a pretty big range. We could split the two and say “on average, you can expect 153% growth,” but that wouldn’t be accurate or honest. And we could say “you can expect anywhere from 6% – 300% growth,” but that would also be misleading.

                  However, what we can tell you is that we can accurately measure every step of your social media efforts, from the number of people who visit your blog, how they got there, which stories they read, how long they read it, whether they read another story, and did they follow your sales funnel?

                  But you can’t do that with traditional marketing.

                  Traditional marketing can’t do that

                  The reason the ROI question for social media is rather silly is because traditional marketing can’t measure those same numbers with the same amount of accuracy. To be fair, traditional marketing has a long history of measurement, and they can give you basic numbers, like “the industry ROI on direct mail is 2%,” or “100,000 people usually watch this station locally on Sunday nights.” But they’re still missing a big piece of the pie.

                  • Cable TV stations like to tell you how many homes get their channel, not how many people watch it. The Golf Channel boasts their channel is received by 110 million homes, but they don’t tell people that their daily viewership averages around 77,000.
                  • Magazines and newspapers will tout their readership, but they can’t tell you how many people read a particular story on a particular day, or how many people saw your ad.
                  • Billboard companies can give you an approximation of how many people drive by, but they can’t tell you whether they actually looked at the billboard, or how many times people have seen it.

                  And bottom line, none of these marketing channels can tell you which of your ads compelled people to buy, or which one contributed to increased sales.

                  The closest you can come to measuring these channels is by putting channel-specific phone numbers and websites on the ads. If someone calls that number or visits that website, you can assume they responded to your ad. But you still don’t know how many people saw it or how many times they saw it, and you can’t monitor overall traffic.

                  Profit is the most important measurement

                  Of course, the only thing that really ultimately matters is your profit. It’s not just increased sales (although that’s important), it’s also reduced costs in customer service, travel, and even printing. If social media can help you answer customer questions while reducing phone hours, improve networking to help grow relationships without traveling, and disseminate marketing information without printing out brochures.

                  The analytics tools that exist can show you all of these things. And by tying those figures in with your customer service, sales, and marketing departments, you can easily figure out how social media is making or saving you money.

                  But you can’t do that with traditional marketing.

                  Photo credit: Wikimedia

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                    Author :  •  Content Location : Indianapolis, IN  •  Headline : Measuring Social Media vs. Traditional Media  •  Keywords : social media analytics, social media marketing, social media measurement, social media metrics, traditional marketing  • 
                    Filed Under: Lead Generation, Marketing, Social Media, Social Media Analytics, Traditional Media Tagged With: , , , ,

                    “My Customers Don’t Use Social Media” and Other Lame Excuses

                    October 29, 2010 By

                    Fellow social media pro Jay Baer, and author of The Now Revolution, is busting some social media myths with his latest post, Destroying the 7 Myths of B2B Social Media. Jay Baer

                    My favorite busted myth was “My Customers Don’t Use Social Media”. I hear that one a lot from businesspeople.

                    “That’s interesting,” I said to a business person once. “How do you know?”

                    “Well, because I don’t use it,” said this otherwise-intelligent business owner.

                    I wanted to say, “You drive a sedan. Does that mean all your customers buy sedans? You have two kids. Do all your customers have two kids?” But I didn’t, because I’m a nice guy.

                    However, had I known what Jay knows, I would have instead offered some pretty interesting statistics instead:

                    According to the recent Social Technographics® report from Forrrester, 81% of U.S. adults with an Internet connection use social media in some form or function. Further, last year’s Forrester study of B2B technology buyers found that they use social media nearly twice as much as U.S. adults overall.

                    In other words, if 67% of US homes have broadband access,, 81% of them are on a social network, or 54.27% of people with broadband access are on a social network.

                    That’s half your customers, half your vendors, half your competitors. And if social media is so cheap to use, and your competitors are already on there, they’re reaching your vendors and your customers more efficiently, more frequently, and more effectively than you are.

                    Don’t assume that just because you don’t use social media means that the rest of your customers are waiting to join social networks until you do. Just because you do or don’t do something doesn’t mean your customers will follow suit.

                    If you want more proof, Jay recommended that you take your customer email list, and see which of them are active on different social media accounts by using Flowtown or Gist.

                    Another way to see whether your customers are using social media is to do the following:

                    1. Create a new Gmail account with your company name or your name. (You should do this if you’re trying Flowtown or Gist too.)
                    2. Upload your entire customer list to Gmail. (Don’t worry, your original is still safe.) Merge any duplicates.
                    3. Create a Twitter account (Twitter.com) or LinkedIn account.
                    4. You’ll be prompted to import your email list to see which of your contacts are on that network. Follow those instructions and connect your Gmail account.
                    5. Start connecting with/following anyone in your list.

                    Those are the people who are using Twitter and LinkedIn. My guess is that at least 25% of your list will be found on those two networks, and possibly more.

                    So why aren’t you communicating with your customers on this channel? It’s cheaper than any advertising or trade shows. It’s more effective than traditional marketing. It targets your audience better than direct mail. It’s new enough that people are still paying attention to it. And it’s got enough acceptance that it’s not going away.

                    Basically, if you think your customers don’t use this because you don’t like it, you’re making a big mistake. Social media is not going to go away, and it’s only going to get bigger. People said the same thing about the Internet, computers in the workplace, fax machines, and telephones. But newer, more technologically-daring companies are willing to try these things, and they’re going to leave you in the dust.

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                      Author :  •  Content Location : Indianapolis, IN  •  Headline : "My Customers Don't Use Social Media" and Other Lame Excuses  •  Keywords : business, small business, social media, social media marketing, social networking  • 
                      Filed Under: Blogging, Lead Generation, Marketing, Social Media, Social Networks, Tools Tagged With: , , , ,
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