Business Growth Promoted Through Consumer Conversations

A lot of companies today have realized that their brand is an important thing to protect. They’ve developed SEO strategies to push their names higher on Google and Bing searches. Executives have come to realize they need to monitor and respond to the conversations taking place on line about their products. Some businesses have even taken to scrutinize the discussions taking place about their key employees.

But the one thing most firms have neglected to include in their social programs is perhaps the most important capability: sales lead generation.

Yes, social media programs can actually be tailored to produce high quality, readily available sales leads. The key questions here is “How could you possibly get real revenue producing leads from social media?”

Simple. A high quality social intelligence program goes much further than keeping an eye on Facebook and Twitter for people talking about your company. The provider will “listen” for the conversations taking place across all sources, including among others personal & business blogs, news media, consumer boards, and traditional ad campaigns. The key component of the program requires real human interaction at this point to streamline the conversations into useful data. Without the human factor, the program will produce so many “hits” that the information becomes muddled. An expert analyst will filter through the conversations and aggregate the relative discussions to present to your staff.

A key information topic many companies neglect is to follow their competition. By following your competitors closely, you'll be able to respond to new ads and products, react to changes in the market, and most importantly, find out who your competitors’ customers are. By following a competitor’s brand, you can listen for consumer sentiment on their offerings. Opportunity often develops when a consumer has been disappointed in their expectations for some reason.

As an example of what I’m referring to here, if a person is complaining on Facebook about their Kia (nothing personal here folks at Kia, just an example; it could be easily switched around the other way) being in the shop all the time, it would be a great time for a Chevrolet dealer to send some information to the consumer. Maybe a friendly post on their wall or a quick “tweet” on an upcoming sales event could generate a new customer.

By finding out your competitor is holding an event like a webinar or luncheon with a keynote speaker, it gives your marketing staff a chance to monitor the program and respond accordingly. If you look deep enough, it may even be possible to find an attendee list or program agenda. 

Acquiring new business and keeping satisfied clients are the long term keys to any successful business plan. We have emerged today into an information rich society with millions of people talking and tweeting and posting on a daily basis. It is imperative business don’t ignore the conversations and they must react accordingly. The only way you can react accordingly is to know what is being said.

I ‘d enjoy hearing how all of you are handling your on-line listening and what types of programs you’ve put in place to respond to what you’re hearing.

If you want some direction on launching your listening and reacting program, please contact me directly on Twitter @DaveHanron or via email at Dave@socialstrategy1.com

WOW! Can Using Twitter Really Do that for Me?

140 characters…..a shelf life of approximately 1 hour…..a “free” service…..no point of sale application……

Can using Twitter really help my business?  Is it worth the investment of my time each day?  How much can interacting with strangers really help? How do I possibly measure Return on Investment (ROI)?

All legitimate questions that get asked everyday by people considering the entry into the social foray so prevalent today.  I believe there are some compounding reasons why you should jump in with both feet to the Twitter world and start “Tweeting” today.

The 1990’s saw the technology explosion on many of the everyday items we all use today.  Cell phones became mainstream and affordable for the general public.  Wide screen TV’s began to appear in homes of people other than the super wealthy.  The space shuttle became an expected occurrence every 3 months or so.  The personal computer was accepted as a necessity. There are too many of these examples to note here but you get the picture.  Technologies are constantly changing the way we live our lives and operate our businesses.

Twitter was launched in July 2006 by Jack Dorsey and has expanded today to have more than 200 million worldwide users and produces more than 65 million “tweets” per day.  Twitter has developed into a platform that allows anyone to interact on a personal level with any other user.  No other place in society allows for the ease of communicating between two people, regardless of where they live or what they do for a living.   For example, a school child in Australia could in theory communicate with the President of the United States by simply entering his name and performing a search to find his Twitter user name and then send an “@name” message.

This accessibility component is exactly why every business and every business professional should be using Twitter and other social sites to grow their reach.  There is no other media available which makes it as easy and simple to reach millions of potential customers at the push of a button.  You are able to post links to blogs like this one, discuss your products or field of expertise, share personal thoughts on other subjects, and make yourself available for further discussions on the topics.  It’s the interaction with others that makes Twitter such a powerful business tool.

Today’s executives who make purchase decisions do not regularly take the “cold call” from the 90’s anymore.  They are under time and budget constraints and know what they need.  When they need it, they contact an “expert” or “authority” on the service and buy it.  To quote Alec Baldwin in the 1992 version of Glenngarry Glen Ross “they walk on the lot, looking to buy”. 

The goal here is to get that executive to walk onto YOUR lot and buy YOUR service.  Twitter is a means to help make that happen.

The use of Twitter does many things which improve your chances of landing a sale or gaining a new customer.  Everytime your name hits the web, it’s another landing spot for the “spiders” or “bots” that Google and Bing have scouring the internet for topics.  The more your name is associated with a product or key word phrase, the higher your name will appear in the search engines.  And the higher you appear in the search engines, the more likely you are to be perceived as an “expert” and have your lot chosen to sell the product.

Getting results using Twitter doesn’t happen overnight.  It can take months or even years before you attain the type and size of following necessary to get results, but be patient, it WILL happen if you keep at it.  Before you know it, you’ll be getting “@” messages from people inquiring about your services.  Keep track of these and record any actual sales you make from them.  ROI is easy to determine by doing this and once you get going, you’ll see Twitter can be a real winner and indispensible tool for your business or brand.

A few key points to remember as you “tweet”

1.      Keep the conversation informational -- nobody likes a constant sales pitch.  An occasional plug is OK and basic discussions on the benefits of your product line in general are fine.

2.      Be interactive – don’t just push your “tweets”, but engage your followers and those you follow in meaningful conversations.  Ask questions on their “tweets” and leave pertinent comments on their blog posts.  (and leaving comments gives you another plus with the Google and Bing search engines, as it creates a “Backlink” to your brand)

3.      Try and reference your source of information whenever possible – insert a link or hyperlink to the site where you found your supporting info.

4.      Be consistent – in order to be successful, you need to be perceived as regular user.  That means making an effort each day (yes, Saturdays & Sundays too) to “Tweet”. Often you’ll reach an entirely different audience on weekends and nights.  I’ve taken the two hours per day I used to block out for cold calling and now use them to develop my social presence.  It has a much better return on my efforts.

Have some other ideas?  Let’s discuss and see what we can come up with to help everyone get the most out of Twitter……..

Social Sites Drive Business Purchases by Young Adults and Teens

I’m seeing an interesting social trend developing over the last couple of years……consumers are moving from the age old habit of impulse shopping and buying, where a catchy advertising campaign or display might drive additional sales, to focused buying driven by the internet.


Nice opening statement, right? But what does it really mean? Let me give you a personal example.

This year’s “Black Friday” shopping event was highly anticipated by retailers across the country. Typically, the day after Thanksgiving kicks off the holiday shopping season in a BIG way. After the Thanksgiving meal has ended, the kids run to the playroom to hit the video games, the men typically retire to the den or “Man Cave” to watch football, while the women frantically browse through the fliers in the living room, making note of the stores they want to visit when they open. Some stores open as early as 12:01am on Friday morning and there are hundreds’ if not thousands, of shoppers anxiously waiting to be one of the first “250” in the door to get the “Great Deal” advertised in the flier. More often than not, stories of how “I can’t believe I got there at 3:30am and there were no X-Box 3 games left. It’s ridiculous! I’m never doing that again” are heard later in the day when the Mom gets home, frustrated from the crowds and lack of product availability.

Well, in my home, my wife followed tradition and looked through the fliers with her sister, mother, and sisters-in-laws, planning the next day’s shopping excursion. The difference was they were intent on hitting the stores quick and getting out. My wife left at 6:00am and was home with everything she went for by 9:00am. Now that’s a successful, focused shopping spree.

So what’s the moral here? To be successful in today’s information age, retailers need to be focused on providing an easy way for a consumer to get the product they want. The best way to do this is via social media sites like Facebook, Twitter, Yelp, Digg, and hundreds more. A recent Pew survey       ( http://tinyurl.com/ya9mmzv ) indicates that nearly three quarters of teens and nearly the same number of young adults use social media sites. Today’s consumers are no longer visiting corporate websites, but rather social sites to see where others are getting great deals, and avoiding the places where people are having bad experiences. Some retailers have already embraced the social media craze, added their own social sites, and created “followers” by providing coupons, discounts, or special announcements of sales via their social sites. Other businesses have sat back wondering why their sales are down….?

Take a look at this example of a social media deal listed on Twitter by BestBuy......BestBuy is considered a leader in their social media strategy plan:

A good social media strategy is a necessity if you want to keep your business growing and attract the consumers you need to do this. We must remember, there’s a lot of competition for the consumers’ purchases these days. If you remain in your old ways, thinking ”I didn’t need social media to get to this point, I don’t need it now”, then you most likely have peaked your business’ revenues and should settle in for a period of declining revenues and, the ultimate reality of asking yourself “ What happened to my business?”. Remember my “1990's Sales vs 2010 Sales?” post a couple months ago?

If you’re interested in growing your business and realize it’s time to learn more about how a social strategy business plan can help grow your business and increase revenues and profits, then please click on the form below and I’ll be happy to provide you with more information….

http://www.emailmeform.com/builder/form/tmfddb55Ql

ILD Corporation starts new division Social Strategy 1

ILD Corp. has started a new division called Social Strategy 1. Social strategy 1 will provide small to medium size businesses the opportunity to outsource their reputation and brand management needs at a reasonable price. As the internet and smartphone markets continue to expand, fewer consumers are using traditional methods of business research such as yellow pages or newspaper advertisements. More and more consumers are turning to the internet search engines to find the company they're looking for. With this trend, the need to maintain a good, positive business reputation on-line is growing rapidly. Social Strategy 1 will provide monitor of web hits for both positive and negative mentions of a business, have a team of seasoned analysts determine the best approach to engage the consumer, and recommend courses of action for the comapny to take to address the comments. If necessary, the Social Strategy 1 team will even perform the interaction with the consumer on behalf of the business. The Social Strategy team can also assist in search engine optimization (SEO) which helps determine how high on the first pages of the search engine the business appears. For far less than the cost of hiring a full time marketing rep plus providing benifits, contracting with a web-crawler company and the time to respond to all of the mentions on the internet, the Social Strategy 1 team will fullfill all these functions. Contact Dave Hanron @ 781-937-0420 or visit www.social strategy1.com for more information