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Moderator Alumni![]() ![]() Group: Hall Of Fame
Joined: 15-May 04
Posts: 2,648
From: Londonish, England
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Feb 16 2008, 06:42 AM |
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Risa - hi
I am a Facebook addict! But Facebook can still be used as a marketing tool. In fact over on Elizabeth's discussion I just posted this about differences between Sphinn and Stumble Upon traffic. As far as Facebook is concerned, my account there has been much more as it was designed for - a social medium, and much less as a marketing tool. I've made my little discoveries as regards how other things like Stumble Upon, Digg, Sphinn etc interact with Facebook, and how those can be used as it's own little network. I've also got one or two "friends" invitations from complete strangers to which I replied - "...er.... who are you?" - much like I'd say so in the "offline world" All social network sites are very time consuming. Very. I prefer SU, (Stumble Upon), because you can actually "advertise" your own websites, videos etc - and with the correct use of tags and "stumbling" other things and folks - a marketing network can begin So, 1. Hire someone to handle the marketing of your business through social networks. 2. Start a business which handles the marketing of people's businesses through social networking. 3. Ignore it all - I think like most online business folks who "dabble" in social networking, they could have probably used their time much more constructively in doing what they do best - concentrate on your core business, and earn some money! Paul |
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Technical Administrator![]() ![]() Group: Technical Administrators
Joined: 3-February 03
Posts: 3,926
From: Sydney Australia
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Feb 17 2008, 10:59 PM |
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QUOTE I guess I feel compelled to join the social media bandwagon because 3 different internet marketing consultants have told me that this is what I need to do to increase traffic to my e-commerce website. Surely they said more than just join!!! Which brings up my pet hate: "the next big thing". When we started this specific forum, Social Media And Tagging, I asked But Is The Traffic Any Good? and the answer then, as now is, well, no it isn't Be careful of any expert preaching "new and improved" when "old and well understood" is so much more effective. |
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Technical Administrator![]() ![]() Group: Technical Administrators
Joined: 3-February 03
Posts: 3,926
From: Sydney Australia
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Feb 18 2008, 08:20 PM |
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QUOTE Michael, in this very case, social media marketing has proven that it can drive plenty of links and consequential traffic and sales Well, no it hasn't It has certainly shown that it can generate links, but usually NOT to sites that kinda need them to up sales. Don't get me wrong, some people benefit from the traffic, but eCommerce as a general rule isn't one such area I would wager. Advertising sites and "gurus" benefit the most, and the later indirectly. For many others, it probably has a minimal impact if any at all. QUOTE The caveat is, of course, in the effort you put in learning and understanding the social media playground. You need to become an expert in this field in order to reap the benefits by providing real value both to the social media target audience. Really? I thought it was pot luck. And I mean that seriously. Most success is from hitting the right note, and that is hard to predict. If it isn't, I am sure I'd have read a case study or three by now... QUOTE P.S. Could it be that we understand different notions under "social media marketing"? What I mean under it is: Quite possibly! Thing is, for a term to have any meaning, it needs to both include and exclude. The term "men" includes people with similar, but not identical, genitalia to me. It also excludes women. That makes it a term we can use (ladyboys excepted) with some confidence. When we start adding anything with a comment section to the Social Media spectrum, we start to diminish the terms usefulness IMHO. And even if we do include that as part of the definition, I struggle to reconcile participation in blogs as a commenter with a significant rise in traffic, especially in many specific niches. QUOTE Wow.... who ever said Social Media was "new and improved". An cronological list of marketing vehicles: 1. Creating a market to sell wares, circa 5000 BC. 2. Billboards. 3. Radio ads. 4. Cinema ads. 5. TV ads. 6. Banners. 7. PPC. 8. Social media. Seems "new" to me And "New" is where new guruship is built. As an example, try to start promoting the idea that TV ads are a good idea, and see what your chances are of becoming a guru. Social media is either a grunt work gig (commenting on trillions of fora/blogs) or one big lottery, IMHO, and that makes it a poor way to build traffic, unless you are so big you have exhausted everything else (see below). QUOTE Social media is just another medium to reach your audience. No, it is just another medium to potentially reach your audience. The qualification is vital, because the advice given, to requote, was this: QUOTE I feel compelled to join the social media bandwagon because 3 different internet marketing consultants have told me that this is what I need to do to increase traffic to my e-commerce website. That may be anywhere from the best advice ever (if you sell products that have a "I can't believe this exists, I gotta tell my mates" factor like this), to the worst advice ever (given to a site that sells either generic stuff or boring stuff). QUOTE Social media allows you direct access to your audience Again, no it doesn't, because the advice is just so broad. For all I know, a specific site's audience might find social media as relevant as a Steam Engine parts shop. QUOTE Social media should complement your online strategy Surely not always... QUOTE You also need to define your measurements when it comes to Social Media I disagree. I think you need to know what the reward to effort is, and compare that to other activities. It doesn't matter what I track, it matters how it compares as an activity. The marginal benefit of that next hour you spend is the key here, e.g where is that next hour best spent. At what point, e.g. at how many ppl hours, does being involved in social media outperform other ways to spend one's time? My rough guess is that it would be in the hundreds of hours per month for most businesses, making Social Media the sort of thing you either throw a ticket into the lottery for every now and then as the whim hits, that you monitor very briefly (say with Google Alerts) or that you need to be a BIG company to justify doing. I can't imagine many situations where even at the margin it makes sense to spend much time on social media before all manner of other marketing initiatives, and for a business in general, other core business activities. QUOTE Every website will have a different answer to the question "is the traffic better?" - blanket statements just cannot apply when you covering online marketing. I think that you need, in any endeavour, to start with some sort of assumption, and then prove it wrong or right. You can't ever make a decision if you don't know the general lay of the land, and how your specific circumstance deviates from it. The blanket statement "scoial media traffic is not good traffic, and worse than PPC, SEO and banners, and the last place to spend any time" would definitely be my starting point. Every site will vary from this starting point, but I doubt that it will ever vary, over a year for almost all sites, by very much, if at all, from that blanket statement. |
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Lead Technical Administrator![]() Group: Admin - Top Level
Joined: 23-January 03
Posts: 1,995
From: Michigan USA
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Feb 19 2008, 12:23 PM |
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The Internet didn't reinvent marketing. It didn't even change it all that much. And in a similar vein, the Internet hasn't reinvented social media. New and improved, Mike? Social media is as old as a wooden fence and two neighbors swapping stories from their respective yards.
There's an old saying that more deals are made on the golf course than in the boardroom. That largely true, I think, because non-trivial purchases are always about building relationships. A salesman who remains a stranger isn't a very good salesman. We simply do not buy anything substantial from people we don't like or don't trust, and the more substantial (or important) the purchase, the more we want to know the person. Social media, before the Internet or after, is just a vehicle used to help build human intimacy. I don't think you have to like golf to make deals on the green. You do, however, have to like golfers, 'cause they sure won't like you if you don't like them. You can fake it through maybe one or two par four holes, but you'll never make it to the 19th hole without some honest sincerity. People can always tell. Oh, and Mike? That's not all they can tell about you, either. If you're selling "generic stuff or boring stuff," I honestly think you need to find something new to sell. You need to find something that excites you, because excitement is naturally contagious. When you honestly love what you're doing people will sense that and, I think, respond to it. Boring isn't an adjective that describes a product, after all. It describes a feeling and those are applied to people, not objects. You don't have to play golf, of course, to run a successful business. You can attend Chamber of Commerce meetings instead. Or go to your local chapter of Shriners, Kiwanis, or other fraternal order (possibly the earliest social media). You can help out at the library or a nearby soup kitchen. You can become active in local politics. You can rub elbows with other parents at school or athletic functions. You can even hang out at bars or crack houses, I guess, though that might be another indication you should find something new to sell. The one thing you really can't do, though, is lock yourself in a dim backroom and devote yourself to counting all your money. 'Cause you likely won't have all that much money to count. In my opinion, social media (past and present) isn't really about building commerce. That has to be secondary to building relationships, and ironically, those who insist on making commerce primary are always going to be the ones who fail at both. I think you have to sincerely like the people you want to attract, be they customers, venders, or potential partners. If you don't, social media probably isn't going to work for you. And honestly? I don't think much else will, either. Find people you like. Then build your business around that. |
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Technical Administrator![]() ![]() Group: Technical Administrators
Joined: 3-February 03
Posts: 3,926
From: Sydney Australia
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Feb 19 2008, 07:13 PM |
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QUOTE I shake my head because it really seems like there's just something really missing ..... perhaps though because I'm immersed in all three areas, I can see value social media, true definitive value But for whom? Every single business? I am sure you don't believe that, but yet there seems to be an unwillingness to entertain the possibility, or even discuss when you think that might be. So have a go. Try thinking of one, just one, business that would be better of doing something other than SMM. IMHO, if you can't define who won't benefit, how can you ever know who does? The group "who does benefit from social media" is really the whole minus those who do not/will not. This is likely to change over time, with more moving from won't to will as the space (read: internet) matures, but that is irrelevant to the fact that there will always be some people in the "won't benefit" category. QUOTE You most DEFINITELY need to define your measurements when it comes to social media. There's no other way to gauge it's success. But that is ONLY after you decide to do anything about it, and the question is: why would you decide to do anything about it? What you measure is not important unless you have decided there is some potential value in whatever you do. You don't measure the performance of ads in space becasue you don't have any (no one does or is allowed to). To skip to measurement before ascertaining worthwhileness is to skip a step. QUOTE Basically what it comes down to is that I'll just have to kindly and respectfully agree to disagree with you ProjectPHP. I just don't see you have said anything that actually disagrees what I am saying. But that is because I am not communicating it very clearly, as you seem to have taken from my posts that I believe ALL social media is bad or a waste of time for everyone and their dog (well, it is for their dog, obviously). That is simply not true, in the same way that, despite not mentioning it, I am sure you don't believe that social media always has a benefit to every single business imaginable. In any case, let me try bullet points to see if we can't clear this up: 1. Not everyone/every business will benefit from participation in social media, however you define social media. In other words, not every site needs a blog, forum or even product comments. In other words, social media has benefit but that benefit is not universal, all encompassing or absolute. 2. Those that will benefit most from SMM are larger businesses - the Dell forum is a great example, because I could probably find 100 business forums that have between 1 and 10 posts, where most posts are written by the business owners themselves in anticipation of traffic that never arrived. Those people aren't really getting much from their SM investment. 3. Not every niche has any social media to participate in, and creating it probably isn't the most profitable way to spend one's time. 4. One's time, and even a business's people hours, can only be divied up so many ways. SM comes a long way down the list of things to spend time on, and the marginal return, e.g. the number of hours already allocated that makes the next hour best spent doing SM, is at a number of hours that are significant. The number of people hours a company has each week will largely determine whether social media is worth doing either: a. At all. b. In very small meaasure (e.g. watching for company references via google alerts). c. Being slightly more proactive than b (say, having a blog, and subscribing to teh RSS of a few industry blogs) or d. Dedicating significant resources to. 5. Social media is VERY hard to justify, and has a return that is at best permanently indirect, and at worst random. That makes it a poor fit for smaller businesses, but just another area of concern where they should be proactive for larger corporations. 6. The number of options makes the decision to start very costly, in hours and for some tech money. Couple that with the fact the effects are so hard to predict and social media is often best avoided for most businesses. Is there much disagreeable in that? If so, which points? QUOTE New and improved, Mike? "New and improved" was, I thought, used in an obviously disparaging way, as in the marketing for 99.9% of all washing powders. New and improved is, apart from being an impossibility (new? How is it improved if it is new?), a term used when the same old rubbish is peddled out with new packaging. In fact, I would have thought writing it as "new and improved" in quotes implied that. But, again, that is the fault of the writer, not the reader. And, again, I'd be wary of anyone selling "new and improved" as a must do marketing activity. They are doing it for their benefit, to be seen as an expert and get themselves somewhere, as much as they are for anyone else's. Some examples of this include the rush to podcast, the rush to videocasting, the rush to blogging and pretty much every hyped but still largely unprofitable new wave rush of the last few years outside search. So often the people who get rich aren't the gold prospectors, but the guys selling the shovels. YMMV, but the social media commentators, like the "make a million with a blog" ebook sellers, the tool makers, like forum and blog software vendors, and the dedicated SM sites themselves, from digg and reddit to comparison sites of all colours, make money, but many people who get involved are just wasting their time. Gladly maybe. Willingly obviously. But wasting time nonetheless. QUOTE If you're selling "generic stuff or boring stuff," I honestly think you need to find something new to sell. You need to find something that excites you, because excitement is naturally contagious Are you adressing that at me, or more generally at all the people who sell boring stuff In either case, I don't agree at all. 99.9% of what we need is dead dull but that isn't even the point because the context, and the context is the key here, is boring to people who use social meadia. What they want is something to do, even when it is something to buy. They want to buy a darth vader condom, not save $0.05 on a pack of 120, and there is more money, and there are more businesses selling, the later than the former (which appears to be none). Besides which, what one feels about one's own product range is largely trivial in the context of social media and, I would argue, the very worst indicator of success. Like the woman who got stuck with the ugly baby, many business owners wouldn't realise their business was boring if you got up and walked away halfway through their long winded explanation of what they do (as someone did at a conference I was at just last week to just such a boring but excited owner of a "boring product range" website). QUOTE In my opinion, social media (past and present) isn't really about building commerce. That has to be secondary to building relationships, and ironically, those who insist on making commerce primary are always going to be the ones who fail at both. I think you have to sincerely like the people you want to attract, be they customers, venders, or potential partners. If you don't, social media probably isn't going to work for you. And honestly? I don't think much else will, either. Find people you like. Then build your business around that. Exactly, which is why some people shouldn't bother with social media. You left out, Ron, that even if you want to attract, interact and generally be involved with people, they might not be where you are. In other words, looking for a virginal christian bride in a crack house probably isn't likely (you never know! It seems to me that there is a whole range of things people can do, but not a whole lot of balance on why people should do anything specific in the social media context. A social scene can only exist when people have both the desire and a destination. Social media, as it stands, provides a very limitted number of places, and that makes it a tough fit for many businesses. |
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