Monday, August 13, 2012

Social Media For Small Business

As a small business operator- especially one trying to deal proactively with the current financial climate- new and effective ways of promotion are a matter of constant research. So, for our Friday reflection, a bit of a think about social media and business, inspired by a great article on Yahoo! Personal Finance.

 

Breaking It Down

Social media has been described as savior and Satan, and not just for business reasons. Have you noticed in the past years that Twitter was simultaneously regarded as a crucial positive factor in the Arab Spring and the resistance in Iran, and a crucial negative factor in the London riots? As significant in the Obama election and a total flop for Kevin Rudd? Social media is a tool like any other, it can be used effectively but it won’t win the war. And the problem facing small business is that the prominent social media tool of today is likely to be redundant by the time you’ve invested in it. Myspace is a great example. It’s still used by a lot of people, but has fallen by the wayside when compared to Facebook. Twitter, Flickr, LinkedIN are all still being used, but that can change quickly. Which is a good reason to diversify your social media marketing plan; different age groups use different social media, so diversifying your presence is still imperative. It’s possible to set up social media syncing, so you don’t have to spend your entire life, going from page to the next, updating the different websites.

Start A Convo

Obama’s social media campaign was effective because it engaged a group of formerly disengaged voters and gave them something to talk about. Personally, I would say it also significantly tapped into their feelings of detachment and allowed them to feel part of the process. It is the home run of any campaign- to make your customers feel personally involved and invested. Social media can be a marketers dream, as in- if effective- it will spin itself without any further cost. If someone likes what you’re saying, they’re likely to send it on to a friend. A great YouTube video is a perfect example- some are so good, they’re impossible to resent when eventually outed as advertising.

Deliver It

The way you deliver your message is, obviously, pretty important. A necessary rule, especially when targeting the younger generation, is to to keep it genuine. Cliched messages or obvious advertising talk will turn them off so quickly, it’ll give you whiplash. The Yahoo! personal finance article suggested the ‘Three I’s’. Interesting, informative and interactive and in that order. In an age of interactivity dependence, the attention to being interesting can sometimes get lost. Twitter is a great venue to widening your promotions beyond simply advertising- tweet other things you are interested in, or different experiences you have as a small business. It’s a very humanising tool. Use locator services, like FourSquare and Facebook, to start showing the buzz around your product. Tailor your promotion to the media- no use having a stiff synopsis of your product on a blog, which is meant to be engaging. And if you can’t write, get someone to do it for you.

Monitor

Research is the base of all great business. Don’t just put your message out there, consistently check how it’s being received, what is working and what could be improved. There are a gazillion tools online to help you monitor your social media marketing.

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