Posts Tagged ‘marketing’

Harnessing Social Media For Business

Sunday, March 20th, 2011 by jrajani

The term social media refers to the social networks that, you and your friends are most likely very familiar with. A social medium serves as a channel or venue of social expression and inter-connection. People are joining these networks for friendship, relationship, social networking, business, or entertainment. One joins it by creating an account, providing the required personal information/description, or company information. A member is represented as an account user through the personal profile, a social link, and other services. Members share their interests, activities, and interact with one another. Examples of these social networks are Facebook, Googable, YouTube, Badoo, Friendster, Twitter, Bebo, MySpace, Linkedln, and Multiply.

A few emerging sites with new features are foursquare, Google Buzz, Loopt, Blippy, and Groupon. Membership in these popular social media sites can provide a list of benefits. It is a venue for establishing friendships, relationships, building support networks, forming new business ideas, and business connections. According to Wikipedia, an estimated 200 social networking sites worldwide had been reported as of 2008.

Social networking sites have been evolving as another medium for internet business strategy. People post messages, photos, videos, and links for the purpose of distributing marketing messages. You can actually increase your sales by posting links to your main website in these social media networking sites. Aside from building personal friendship, or relationships, the other purposes of social media are:
• As venue for self-expression (blogs, forums)
• Socio-economic advocacies for the common good
• Exchange of information/ideas among the members of the network,
• Real-time broadcasts for various purposes
• Educational communication tool between teachers and students
• Grassroots organizing for some sectors of society
• Career Development, Employment opportunities/internship
• Business networking for various purposes
• Global advertising
• Building brand image and brand networking
• Social media pages are now admissible as court evidence
• Other related purposes

You can expand your business quickly by creating user accounts in these various social sites and by inviting the members of your social networks to view the products or services in your website.

Trusting relationships can be developed through simple ways such as:
1. welcoming new friends,
2. communicating your positive values in your activity updates;
3. sharing learning experiences,
4. posting helpful tips,
5. greeting friends on their birthdays and other significant occasions,
6. sending them personal messages,
7. writing positive, inspiring comments,
8. using bookmarks, setting up widgets, feeds, RSS; and by
9. optimizing your social media sites through the use of appropriate keywords and phrases.

You can engage your friends to comment by posting interesting, timely, helpful, or exciting news bits or comments. This is a way of proving that you’re giving value to your friends/prospective customers. This is an effective way to build trusting and lasting relationships. Trust is the basic foundation of all relationships so when it is time to start selling, it is prudent to ask permission first.

Your business can gain online friends and customers through social networking. You can keep on adding friends or groups to grow your social network, establish relationships, build trust among your friends through friendly messages, notes, posts, and links. Gradually work your way towards your goal, which is, of course, your marketing goal. The key indicators of your success would be the
1. growth of your network,
2. the number of site visits,
3. comments, impressions,
4. leads, sales leads, and
5. revenue.

Whatever your reason for using these social media sites, the same etiquette observed in other social settings apply:

1. Don’t use your personal account for your business. Create a separate business page or account.
2. Respect everybody. If you happen to know a friend’s secret, keep it private. Do not carelessly broadcast it on his/her wall.
3. Quality over quantity. Build quality friendship. Choose your friends. Quality relationships usually last longer and are more reliable.
4. Don’t push your product, service, or envelopes much too often. Once every 6 months would be enough. Remember that, except for a few new additions, you are dealing with almost the same set of friends/contacts every day. The more you persist, the more likely they will resist, until you get purged from their list.
5. Multiple posts in a single day could choke the home pages of those with over 3000 friends. This could prompt some members to hide or completely remove certain posts to free their display.
6. Review your posts before sharing/publishing them. Is it the truth? Or something of value, beneficial, fair, or just?
7. Treat everyone the way you want to be treated. This is the golden rule in all social settings.

-Copyright 2011. Ma. Francia O. Bengco

France started writing fiction and poetry in high school; then feature stories, plays, motion picture scriptwriting, and feasibility studies during college; investigative reports right after graduation, and project proposals, project studies, biographies, technical reports, web content, SEO/SEM content, business & marketing plan, ad copies since graduate school. She has been into market and social science research for the last 8 years. Her topics include interpersonal relationships, business communications, social science research, marketing & sales, environmental advocacy, rural communities’ livelihood, alternative medicine, and music. Her passions are on environmental advocacies/activities.

She manages a small team of tutors involved in skills-transfer programs such as English language proficiency; Math & Science, Computer operations/basic maintenance & repair, and other tutorial service as required by clients. The academic tutorials are categorized as basic, remedial, refresher, or mastery programs. She also writes full time for a foreign firm and submits web content/marketing plans for small business projects. Her blog is http://franciabengco.blogspot.com
Her website is: http://greencodesystems.webs.com

Article Source: http://EzineArticles.com/?expert=Maria_Francia_Bengco

Original Content is King for Successful Social Media Campaigns

Monday, August 16th, 2010 by jrajani

Marketing professionals are always looking for the key factor that makes their social media strategy successful in an online environment saturated with information. One solution has been to combine technology and content to reach the widest audience possible for the best return on the investment made in resources, time and money in a social media based campaign.

A recent study released by King Fish media confirms that marketers who use a combination of technology and unique content are seeing the best results in their social campaigns.

“It goes without saying that any marketing tactic is ultimately rooted in a company’s desire to strengthen customer bonds and/or generate leads, but social media is an ideal platform for engaging in regular dialogues with customer bases and prospects,” says Gordon Plutsky, Director of Marketing and Research, King Fish Media. “This research confirms what we’ve been saying for years: content is the key to creating an emotional connection. Social media has clearly emerged as a dynamic vehicle for delivering it to the right people in their preferred format.”

Key Findings of the study includes:

85% of survey respondents say that original content is critical to the success of their social media campaign.

Branded original and expert content is used more often than any other type of content. And development of an audience for content is one of the top objectives of marketers.

43% of respondents revealed that they don’t need to show positive ROI to get social media funding from their organization.


Nearly three quarters of all companies (72%) currently have a social media strategy, and of those that don’t, the vast majority (80%) will within the next year.

Only 9% of surveyed organizations have full-time positions dedicated to managing social media responsibilities, while 90% include those as part of someone’s overall responsibilities.

85% of companies are handling their social media efforts internally.

Two thirds of the company’s surveyed (67%) focus their social media efforts on their company as a whole, while 41% promote individuals within the company and 24% promote a specific brand.


Original content, both branded and expert, is by far the most used tactic for social media (73% and 72%, respectively). Video content (51%), user case studies (45%), and reviews (41%) are also used by roughly half of all respondents.

Methodology:

Four hundred and fifty seven (457) respondents completed the survey. Respondents were primarily corporate management and marketing/sales management professionals. King Fish Media and the survey’s two co-sponsors, HubSpot and Junta42, publicized the survey through email invitations and blog posts, as well as shared the link via social networking sites Facebook, Twitter and LinkedIn. The data was compiled and tabulated by Datastar of Waltham, MA.

Source: King Fish Media

IBM enters the Marketing Intelligence Game with Unica Acquisition

Friday, August 13th, 2010 by jrajani

The recent agreement by IBM to acquire Unica for $21 a share or US $480 million allows the company to expand their ability to analyze and future cast customer prefrences and develop customized and well targeted marketing campaigns. The acquisition is expected to complete in the fourth quarter of 2010 after clearence from the usual regulatory and legal channels.

In today’s fast moving and continously connected world, the enterprise is constantly challenged to provide a consistent and relevant customer experience. Marketing professionals are investing heavily in technology that can help them analyze customer preferences and experiences in an effective and efficient manner. The acquisition of Unica allows IBM to enhance their existing capabilities in the customer analysis market. Unica has an impressive list of global customers in a wide range of industries which include financial services, insurance, retail telecommunications, travel and hospitality.

In addition, the purchase of Unica allows IBM to help its clients automate, manage, and accelerate core business processes across marketing, demand generation, sales, order processing and fulfillment. “IBM understands the demands on today’s organizations to transform core business processes in functions such as marketing with intelligence and automation,” said Craig Hayman, general manager, IBM Industry Solutions. “Unica was a clear choice for IBM based on its power to automate a broad set of marketing capabilities and its established reputation for delivering customer success in marketing to organizations around the world.”

“Unica’s focus is to help our customers deliver marketing messages so relevant that they are perceived as a service to our clients’ customers,” said Yuchun Lee, CEO, Unica Corp. “Together with IBM, we will bring our leading enterprise marketing management solutions to a wider set of customers worldwide and with a much broader, more comprehensive portfolio.”

Unica’s employees will become part of IBM’s Software Solutions Group. The software solution from Unica will compliment IBM’s Business Analytics and Optimization Consulting group which is being backed with an overall investment of US $11 billion in complimentary acquitions.

The Best Resources to Keep Up With Social Media Trends

Thursday, August 5th, 2010 by jrajani

socialtrend1

Developing a solid social media strategy and keeping up with emerging trends in the space is not an easy feat. A new survey by the Creative Group reports 65% of advertising and marketing executives reported it’s somewhat challenging to keep up with trends. 23% of the respondents stated the best resource for information on new developments in social media were conferences or seminars. The second avenue for trend information according to executives are atending networking or industry association events and meetings at 18% response rate.

The results are based on more than 500 telephone interviews with 375 randomly selected marketing exectuvies from companies with 100 or more employees and 125 advertising executives from agencies with 20 or more employees. When asked, “What do you consider the single best resource for staying current on social media trends the reponse was:

Conferences or seminars: 23%
Networking events or industry associations meetings: 18%
Webinars or online training: 17%
Trade publications: 15%
Twitter, Facebook or LinkedIn posts: 14%
Blogs: 7%

“Marketing has always been a field with a constant learning curve, but the shifts taking place today are occurring more quickly, making it especially challenging to keep pace,” said Donna Farrugia, executive director of The Creative Group.

Added Farrugia, “Networking becomes even more important during periods of rapid change. Many marketers are aware of broad social media trends, but they need nuts-and-bolts information on how to most effectively use new channels. That’s where insight from peers on what worked and did not work for them can be most valuable.”