Back to the Facebook

Mar 29
2012

Social media, like Marketing, never lets you rest on your laurels. No matter how expert one may be in a medium or field, changes require constant updating, relearning, and re-honing of skills. And yet, the basics always remain the same. Yes, it’s always Back to the Future, or this week Back to the Facebook.

On Friday, March 30, 2012 Facebook is forceably changing all business sites over to its new format. The change has been a boon for the webinar industry, with every social media consultant offering tutorials on how to switch a site from the old to new format. So for all of us who believed we had mastered Facebook and were on to Pinterest, Tumblr, Wanelo, or Spotify, it was, instead, of week of back to the drawing boards on Facebook.

Back to the drawing boards must be taken literally as a key change in Facebook was the need to create a cover. Yes, all of our mothers advised us not to judge a book by its cover, but our marketing professors taught just the opposite. Packaging, aka covers, is a key marketing component, without which success is less likely in the marketplace of goods, services or ideas.  Consultants were proliferating on how to create a cover that best represents your company when Facebook rules exempt most items a classic marketer would include — namely contact info and Calls to Action.  ”The cover photo is the new landing experience,” states the SocialMouths blog.  I think experience is taking it a bit far, as it’s really a pretty picture indicative of our increasingly graphic age where people seem dazzled by image rather than substance.

Speaking of serious marketing – Facebook should, in many cases, be part of the mix, but let’s stay focused on marketing that works. In a recent sales seminar given by Mike Blinder, he unequivocally noted that for most small businesses Facebook is like a billboard in a basement. There’s tons of hype and, therefore, a strong sense that a business owner should somehow be involved in this Facebook thing, but with 25-125 followers, largely of relatives and friends, the marketing potential is limited. Blinder (pronounced Blyn-der), doesn’t wear blinders.  He calls himself a street fighter and is one of the most motivational, clear sales trainers I’ve ever heard.  As a street fighter, he believes in qualifying prospects, having a clear story to tell, doing homework on a client, and closing sales. Anything that helps him do that more successfully is marketing, but his marketing is his story of success. There’s no better kind.

There are exceptions to any rule, and Facebook marketing does have its place for some entrepreneurs– namely realtors.  Many, if not most, are women, who thrive on personal connections and local contacts.  Facebook has evolved from a teenage silo with as many moms and a growing number of grandparents Facebooking to keep up with the kids, if nothing else.  I get personal pleasure on watching my own young adult kids suddenly delving into my professional arenas on Twitter and LInked In.  If you’re talking business to business contacts, these latter two have much more to offer.

So lets Facebook the facts. Facebook was not started to be a marketing tool, but a social interaction tool. If you’re young, single and on the “meat ” market, yes it might help you market yourself.  If you’re a serious, committed entrepreneur or small business owner, it’s really the minor leagues.  The majors are playing in larger arenas, to bigger crowds (called reach), and on a consistent basis (called frequency).  They are packaging themselves as serious players, commanding well-deserved prices, and have followings that many Twitter and Facebook dabblers would crave.  Find them, and watch what they’re doing. They are your true North stars.

 

 

E-business and You: The Business of Making Money Online

Apr 29
2010

Several services, podcasts and consultants are dedicated to teaching people how to make money on the net.  Here’s the bottom line: They are taking your money and making money on the net by getting you to pay for their services, podcasts and consulting assistance.  That sounds harsh, and is not meant to be. It’s just a reality check. These e-gurus are making an honest dollar and charging for their expertise. However, in most cases, what they are serving up is how they are making money, not how you can.  It’s no different than when Carlton Sheets sold how to make money in real estate on Info-mercials.

The point is there is no rule to how to make money on the Internet. It’s just like any other business. If you have the right product, service, niche, marketing, and put in the sweat equity, you, too, can foster a business online just as you could offline.  The advantage is that your start-up costs are lower online.  The disadvantage is that it’s hard to cut through the clutter, smoke and mirrors.

Basically, monetizing content (as it’s called) is no different than the older term of e-commerce, except that it refers more to the selling of knowledge rather than products. Louis V. Gerstner, Jr., in his book “Who Says Elephants Can’t Dance? Inside IBM’s Historic Turnaround,” gives IBM credit for inventing the term e-business, which he prefers over e-commerce.

Deep in the book Gerstner writes: “I think for a lot of people, the ‘e’ in e-business came to stand for ‘easy’.  Easy money. Easy success. Easy life.  When you strip it doewn to bare metal, e-business is just business. And real business is serious work.”

That’s why today’s e-trepreneurs will honestly admit that they make $100 from Google Ads, if lucky, a bit more from affiliate marketing if aggressive, and the real money is made by the stars who have made real names for themselves ultimately through old-fashioned books and speaking engagements arising out of blogs, and e-communications.

If you’re not looking to promote yourself, but your business, the Internet is a great marketing tool – a key communication channel for letting people know about your product, service or offering. It never was a get rich quick vehicle.  Few marketing channels are, but each does help build the brand – even if the brand is you.

Content Rich. Experience Poor

Mar 21
2010

Content is king, but too much content can be like too much e-mail- spam.  The key is to provide content of value and in enough quantity that it can be digested.

Recently I was at a newspaper conference where we evaluated how well various papers were engaging in the social media world. The irony is that no one has better or more content than newspapers – so much so that many tweets, Facebook posts and blogs take you to various newspaper stories around the country.   So what are newspapers doing wrong?

I think it comes down to two key things:

1. They provide too much content. A news stream is almost like a wire service firing off story after story until hundreds of stories are posted almost within the hour that the news has gone to press.  As a reader, I’d much prefer perhaps one story an hour, or the story of the day, or the story that’s the funkiest, or even a story from the food section, rather than every story being printed in the main section that day.

2. They are too automated.  Precisely because they have so much content, and because they won’t invest in staff or resources to enter the online arena, the newspapers I’ve seen have automated the process.  Too much of any good thing is too much, and the same is true of automation.

I follow social media sites to get the best ideas a business or marketing guru has to offer. I don’t want every line from every book, or every chapter capsulized.  I want a tidbit for the day that I can remember, think about and take with me on my own business travels.  I also follow a person because of the personal touch.

When the tweets put out by a paper are so highly automated that they have no humor, no irony, no personal touch—well, then I might as well be following CNN.  Even if the news is local, I want some sense that a person has decided to put this particular news item out on the internet because it’s special and not just one item out of a thousand for the day.

Social media is best done consistently and regularly, but is not better served by being over served.  Ironically as newspapers moan that their copy is being stolen for free by the Googles of the world, they have entered the social media arena without editing themselves.  And, editing is their strength!

Yes, give some content for free, but learn the art of the tease.  Stop flooding the market with all the news all the time.  Go back to the art of the headline and tell me what’s most important, most humorous, most worthwhile for today rather than flooding me with everything. It’s just too much information.