|
Dec 14
2010
|
|
With much of North America having a very white Christmas (snow) and retailers hoping for a very green Christmas ($$$), social media will be the “it” media for business-to-business marketers next year. It’s been growing steadily for the last few years, but really hit its stride when Facebook took off, somewhere around 2007-2008. And in 2011, it will finally take off with SME’s. A few basics before I start. Social media (the channel) is the communication network that people use to build their social networks (a social structure made up of individuals and organizations). Those businesses that haven’t already created a Facebook, Twitter or Linkedin page are finally seeing the value of these tools to reach prospects, build brand awareness and create buzz and not just something to do on their free time. According to Marketing Sherpa, http://www.marketingsherpa.com, a vast majority of respondents felt that social media could increase traffic (74%), improve search results (61%), increase sales revenue (56%) and generate leads (51%) amongst other activities like increasing brand awareness, improving brand reputation and public relations etc…. Another survey indicated that increased spending in social media (69%) is right up there with website design, management and optimization when respondents were asked where their organization would be allocating their budgets in 2011.Marketers have finally realized that you have to go where your customer is and he/she will probably be visiting a social media website, probably to build their social networks. According to the e-marketer, www.emarketer.com, 60% of Canadians visit a social networking site monthly! Now most visitors to these sites, aren’t going there to be marketed to, so no sales pitches to the great masses. Your messages have to be informative and stimulate dialogue. Marketing through social media involves having conversations with your customers. And that means having ongoing dialogue with your customers even when they aren’t happy with you. Businesses will have to enhance their value proposition to include the famous S in the AIDAS model (Attention, Interest, Desire, Action and Satisfaction) if they want brand engagement and interaction. These days, there’s just too much competition out there.


