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Social media marketing and the top 25

According to the 2010 Social Media Marketing Report , 67% of marketers plan to increase their use of social media channels including blogs, Twitter, and Facebook.

As more companies integrate social media into their marketing and communications plans, emphasis needs to be on creating a social media strategy.  Without a strategy, you’ll undoubtedly be sucked into a social media time sink.

So how exactly do you develop this strategy?

It’s easy.  Here’s a practical approach to developing a social media strategy for your business.

The Prerequisite

Do you work for a large company? Before you develop your strategy, make sure your upper-management team believes in social media and that the first goal is not to sell, sell, sell.  In other words, if your business is jumping into social media because “everyone else is doing it” or because you want to sell product rather than to build relationships, please step away from social media.  Social media is a long-term commitment and not a marketing gimmick.

If you’re having a tough time convincing your team that social media needs to be integrated into your marketing plan, then counter any concerns with these responses to common social media objections.

It’s important for the organization to understand that testing and experimentation are keys to success.  This comes naturally to an organization whose culture embraces being proactive and open.  The reason why all businesses need to have a social media strategy is because it prevents any misunderstandings and emphasizes why social media is relevant to your business’ overall goals.

 

Now let's develop your social media business strategy, shall we?

 

#1: Determine Your Goals and Objectives

Determine who owns social media.  Whether it’s marketing, PR, or communications is irrelevant.  In a perfect social media world for businesses, social media instills a collaborative approach and breaks down silos.

What’s important is to understand your social media goals and objectives and how they tie into your overall company goals.

Keep it Specific, Measurable, Attainable, Realistic/Relevant, and Timely (aka be SMART!).

#2: Research, Research, and Research Some More

Rather than jumping into the social media pool with both feet, do the equivalent of the “splash-water-on-self” maneuver so you know what to expect.  Step two of creating an effective social media strategy is research.

* Develop a list of social media sites where you can potentially engage with people.  The list will most likely start off with Twitter, Facebook, LinkedIn, and a few select blogs and forums.

* Check out each of the social media sites on your list and do additional research to determine relevancy by searching for your brand name, your competitors, and your target keywords.  Listen to what’s out there, identify, and understand your target audience.

#3: Create a Digital Rolodex of Contacts and Content

When social media is done correctly, relationships will build naturally.  Begin making connections by following the conversation.  You can do this by subscribing to blogs in your industry and by making a list of influencers who are relevant to your business.

This becomes handy when it’s time to provide content on your social networks.  Read Emily Proctor’s article in which she provides some excellent pointers on a social media content strategy.

#4: Join the Conversation to Develop Relationships

Now it’s time to start making use of all the research you’ve done.  You can start joining the conversation by posting comments on blogs and forums, answering questions on Yahoo! and LinkedIn, joining groups related to your industry and joining Twitter chats.

Begin developing relationships by following and friending influencers and those in your industry.  Don’t just look for people with thousands of followers; you’ll be surprised by the value that someone with only a couple of hundred followers provides.  Here’s an article on how to network on Twitter.

#5: Strengthen Relationships

It’s easy to hide behind your avatar or profile picture, but face-to-face is incredibly powerful.  I think more people are now realizing how underrated the in-person interaction really is because of how far social media has come, allowing so many people to “hide.”

Attend offline events related to your industry—not only to strengthen your knowledge base but also to network and strengthen relationships with those you might have conversed with via social media but never met in person.  A popular offline event is known as a tweetup.

#6: Measure Results

You have goals and objectives, right?  That means you should be able to measure  your success.

Remember, what you measure will tie into the goals and objectives of your social media strategy.

Let’s take the four commonly used objectives:

  •  Improve brand presence across social channels—The measurement goal here is an increase in the number of followers on Twitter, number of fans on Facebook, number of comments, number of times your brand is mentioned in blogs and forums and so on.
  •  Increase positive sentiment about your brand—The goal here is to convert the number of positive mentions while taking note of negative mentions.  Has the ratio of positive to negative comments improved?  With the good comes the bad in social media. Get used to it!
  •  Develop relationships for future partnership opportunities—This goal is to keep track of those with whom you’ve connected.  For example, if you met a potential speaker for your webinar, include that person into your digital Rolodex.  If a vendor contacts you through your blog, capture that lead and take note.
  •  Increase traffic to your website—Keep track of visitors to your website who come from each of your social media sites.  If you’re promoting an event using social media, consider using a unique code to track the campaign.

Measuring social media is a never-ending debate.  What metrics do you use to measure social media?  What objective are you measuring those metrics for?

When it comes to measuring social media, it takes a multitude of metrics as well as trending reports to get a sense of what to improve.

#7: Analyze, Adapt, and Improve

Your social media strategy doesn’t end with measurement; it goes beyond that.  You need to analyze your social media campaigns, adapt any new findings into your current processes, and improve your efforts.

Testing and experimentation will perfect your social media efforts.

As you dive deeper into the never-ending pool of social media, you’ll quickly understand what works and what doesn’t.

More specifically, you’ll develop favorite tools to use, realize that there are certain days and times where it doesn’t pay to be active in social media, and come to the conclusion that you still have lots to learn.  It’s a wonderful new world and I hope many of you are as thrilled to be part of it as I am.

Conclusion

Social media strategies will vary for each business and for each industry.  However, one thing is clear: social media needs to have “all hands on deck” in order to be successfully integrated into your company’s goals and objectives.

In general, I view social media as a strategy, not a tactic. I consider the social media platforms like blogs, Twitter, Facebook, etc., as tactics that tie into the social media strategy.  In other words, outline your social media strategy and support your strategy with tactics.  Without a carefully thought-out plan, you’ll eventually be overwhelmed with social media and even worse, get burnt out by it.  Use this guide as a stepping-stone to your social media success.

What are your thoughts about strategy versus tactics? Do you have any tips from your own experience developing a social media plan?  Please share your thoughts in the comments box below.

 

Social Media Popularity Around The World

1. Facebook

With 750 million members (as of August 2011) Facebook is a tremendously popular social networking site. Its massive reach provides compelling opportunities to connect with customers, both current and future, through fan pages, news feeds, groups, and throughout the site.

2. Twitter

Twitter has quickly become a popular platform for consumers and advertisers alike. For brands looking to communicate with customers in real time, the micro-blogging service is a great way to carry on conversations in 140 or fewer characters.

3. LinkedIn

LinkedIn could be a very effective resource for both you and your company. In addition to setting up a basic profile (with a followed link), you can also utilize groups, events, and answers to connect with a large online network.

4.Wikipedia

Wikipedia has an active community that’s quick to remove self promotional or spammy content, but for those who have relevant, authoritative content, it can be a great place to acquire new visitors to your site.

5. MySpace

Though rapidly losing market share to Facebook, MySpace remains a highly trafficked social media site that can be effective for marketing. In addition to creating profiles and getting friends, connecting with groups interested in relevant topics and using group bulletins can each be great ways to connect with both customers and potential customers.

6.Digg

Appearing on the Digg homepage can lead to massive traffic increases to your web site or blog. And depending on your users, it can sometimes lead to significant increases in sales. Digg can be particularly effective for bloggers who write regularly and make their content easy to Digg.

7. YouTube

A well executed video with the right title and content, can have huge viral impacts for your brand, especially if your video reaches the most viewed pages. There are also numerous other ways to optimize your videos, but coming up with an interesting concept and being aware of title, tagging, and thumbnail image, should each be key components of your strategy.

8.StumbleUpon

Though the effectiveness of the sometimes fickle StumbleUpon traffic varies, experiments with the bookmarking service could expand your reach with a diverse demographic.

9.Reddit

If you have an interesting article, video, picture, or whatever else, submission to Reddit with an interesting title could lead to significant referral traffic from the Reddit homepage.

10.Yelp

Though you can promote just about any local business on Yelp. Among the greatest opportunities on Yelp are for restaurant owners. A strong profile with friends, pictures, and positive reviews can provide high quality leads with the validation of 3rd party business reviews.

11. Del.icio.us

Using Delicious can be a fairly manual marketing process, but if your product appeals to a younger, techy crowd, the social bookmarking service could be an effective acquisition channel.

12. DeviantArt

For artists, photographers, or videographers, Deviant Art is a great place to create a profile, submit content, and increase exposure.

13.Yahoo! Buzz

With a strong network of friends, articles about popular topics with interesting titles can receive lots of traffic when promoted on Yahoo Buzz. For maximum effectiveness it is important to participate in buzz activity and proactively develop your network. Active members with large networks will yield the best results on Yahoo Buzz.

14. Hacker News

Hacker News Guide

Y Combinator has invested in their fair share of startups including Reddit, Scribd, Posterous, and a host of others, but their news aggregator, Hacker News, provides an aggregation of social technology news. In particular, tech startups who actively use the service can yield high volumes of traffic through Hacker News.

15. Newsvine

Newsvine stories are comprised of both traditional news and popular peer-voted news, which makes the site a great platform to showcase expertise on a topic. Be aware, however, that it is particularly important to categorize articles and include high resolution images when submitting pieces to Newsvine.

16.Technorati

Given their high traffic volumes, Technorati is a viable option for online marketers looking to expand their RSS syndication.

17. Scribd

Scribd Guide

Scribd is an underutilized tool for those looking to make documents, ebooks, or other content more shareable. A free account on Scribd gives you the ability to share documents across numerous file formats, which can be a great marketing tool. Be careful, however, not to syndicate content that is not yours.

18. Techmeme

The tech news aggregators’ article selection processes is largely based on quality based algorithms, but founder Gabe Rivera has also publicly identified two alternate methods for article inclusion which include using Twitter and driving referral visits to Techmeme.

19.SlideShare

A strategically tagged and titled SlideShare presentation can serve as a good contact point with customers. Events and groups are also avenues worth exploring for increased exposure on the SlideShare site.

20.Kaboodle

Kaboodle, who puts a social twist on shopping, allows product focused sites to create public shopping lists. Exposure on prominent shopping lists can result in increased through sharing.

21.Epinions

Epinions is a consumer review site. In addition to potentially being a good traffic source, it can also be a great place to manage your brand. Additionally, reviewers who garner lots of trust can develop a broad reach within the Epinions community.

22.Care2

Beware of their aggressive post sign up e-mails, but Care2 groups can be a good place for companies and organizations who specialize in health or environmental issues to market themselves.

23.Fark

Fark describes their site as having “news that doesn’t look like news.” Before submitting a new site, such as your own, it is important to first build trust among the community. You should also be aware that the articles that perform best on Fark tend to be funny, extraordinary, and even downright stupid in nature.

24.Adobe Showcase

Submitting your site to Adobe and getting chosen as the site of the day can be a great way to get visitors from their highly trafficked customer showcase.

25.IMDB Pro

In addition to finding movie info, agents, actors, publicists, and others in the entertainment industry, you can also use IMDB to post resumes or gain visibility on the site.

 

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