I recently came across the 2009 Business Social Media Benchmarking study report by Business.com. The report is based on insights provided by nearly 3000 North Americans on their social media usage for promoting their Business.
The report brings forth some interesting revelations……..
To begin with, it shows a visible gap between social media channels used by companies to promote and popularize their business offerings and the channels used by people for searching or seeking business related information.
It also explains why certain social media channels work better than the others when it comes to using social media as business promotion tool.
Nearly 70% of the respondents found that the most popular social media resource for seeking a business related information is to attend a Webinar or hear a podcast. Followed by reader user ratings & reviews and then company profile pages on social media sites and company blogs.
Now compare this with the most popular Business social media initiatives by companies – or to simplify, channels companies use in the social media space to popularize their offerings.
70% of the respondents said the must activity they undertook was maintain company- related account(s) or profiles on social media sites followed by maintaining one or more company blogs and micro-blogging on Twitter. Only 30% of respondents actually voted for producing Webinars and podcasts as one of their priority social media initiative.
Do you see what I meant by interesting revelation? Yes, as marketers we all thought the more we showcase our companies, more the chance of us getting visibility and leads but in the process we forgot that social media is about being social and not merely about self promotion. If you really want to use the social media as a business tool and for self promotion it has to bring value to the reader or seeker of that information.
Think of this scenario wherein there are two companies A & B in the online marketing space competing for the attention of similar kind of social media users.
Company A – creates profiles across various social media networks, channels, gets reviews of its services and tweets about its offerings and related things on twitter.
Company B – decides to do things a little differently – they organizes a free webinar on ‘Most effective tools for B2B Marketing online’ offer a huge list of tips (free know-how) while showcasing their offerings. Record the important parts of the webinar as podcasts and upload onto various channels, so that those who could not attend the webinar also benefit from the interaction. They also started a blog on B2B marketing which discussed various aspects and related subjects showcasing their know-how without really screaming ‘promotional’. All this in addition to creating social media profiles etc. Who do you think will have won more leads and a stronger following using social media? Company A or Company B?
Social media is the biggest reality of our times. You love it or hate it but as we all are realizing or have realized we cannot ignore it. Social media in its entirety is a very democratic forum, of the people, by the people and for the people. It thrives on the fact that anyone and everyone here is for a reason. Everyone has a point to make or an opinion to express. Everyone out there wants to be heard no matter how influential or insignificant they are. So how does one ensure – others hear you in this chaos, take note of what you have to say? It’s simple say something they would like to hear or something they would gain from, something that will get you their attention, their fellowship. Say something that is useful to them.
If achieving social media success is part of your Company’s marketing agenda in the coming year maybe you should change your approach towards social media. Zero in on who you see as your audience in the social mediasphere, give them what they want or need (fill in a gap), win their trust and then make your pitch.
Wishing you all a socially successful 2010!
