Doing It Right – Social Media and Small Business

One of my favorite mentors created a great short article on how to use Social Media… The Right Way… to grow your small business.  I’ve reposted it here for you.

Enjoy, learn and grow.

Social Media and Small Business

Unless you’ve been hunkered under a rock or in the back of a cave, you’ve at least heard the term “social media.” Depending on your perspective, social media either represents the fall of western civilization or the perfect marriage of people and technology.

The term “social media” actually refers to 4 specific types of tools.

The first type, “social connection sites” like Facebook and Linked In, allow users to make, share, build, and interact with social contacts online.

The second type, “social stream of consciousness” sites like Twitter, allow users to share their thoughts quickly and easily (regardless if anyone actually cares).

The third type of tool, “social bookmarking” sites such as Digg.com and Delicious.com, let users share and rate individual sites and other media.

The fourth type of social media tool involves sites like Kongregate.com or games such as Farmville which contain “social features” to link users together.

In theory, users of social media link up, interact, and use the sites and tools as their creators intended. And, if your intentions are strictly about keeping up with friends or professional contacts you actually know in the real world, you can easily use social media to do just that. However, once you try to go beyond just networking with people you know (and the people they actually know), the world of social media gets murky fast. Though powerful and effective when used correctly, social media quickly becomes a never-ending rabbit hole of time, energy, and effort, especially for small business owners.

If you want to use social media to build your small business, keep the following in mind at all times.

Create Dialogue

Most businesses mistakenly use social media as a one-way communication tool. In fact, this represents the core mistake anyone makes with social media. You must use Facebook, Twitter and LinkedIn to create a real dialogue – a real exchange of communication. To do that, you can’t follow 20,000 people or have 50,000 friends. Bottom line, if the communication isn’t authentic, you’re fooling yourself that it’s actually worth doing in the first place.

Gather Intelligence

Members of your target audience hold the key to your success, not the other way around. Use social media communication to get direct input from people on your products and services. Get them to tell you their hopes, fears and problems and, more importantly, how you can help them. While building your following, you can use social media search tools (like twitter.com/search) to spot trends and problems you can solve.

Watch Your Time

Most of what you need to accomplish with Facebook and Twitter can happen in less than 15-20 minutes per day. Any more time than that is a waste of precious time. Until and unless you can track business directly to your social media activities, keep a tight rein on you time.

Share Value & Fun

The number one reason anyone sends their friends or comes back to you themselves is because of value. Always remember: nobody really cares about you and your business, they only care about what your business can do for them.  Share information and news others can use and you’ll build a list of meaningful contacts. Put out a stream of useless drivel or “quotes of the day” and you might as well not even sign up for a Twitter account.

Bottom line: social media tools are just that, tools. You will not get rich overnight just because you signed up for a Twitter account, nor will you get inundated with business because you hang out a shingle on LinkedIn. You can, however, experience real results if you use these sites as originally intended: to create meaningful connections with real people.

For more Small Business Marketing tips from the
Real world of Digital Marketing, log on to
Small Business Marketing Weekly” at
=> http://www.SmallBusinessMarketingWeekly.com

> Training — Wes @ 11:40 am

November 1, 2010

Bad News In The News…

Last Week in the News


On Monday, November 17, the Federal Reserve said industrial output rose 1.3% last month, after falling 3.7% in September by the largest amount since a 5% plunge in February 1946. Economists had expected a much smaller increase of only 0.2%.

The Labor Department reported Tuesday that wholesale prices fell by 2.8% in October. The previous record was a 1.6% drop in October 2001. Economists had expected a 1.8% decline. The decrease marked the third straight month that wholesale prices have fallen.

Also, on Tuesday, it was announced that the National Association of Home Builders/Wells Fargo housing market index fell five points to nine in November, the lowest level recorded since the index was created in January 1985. The index stood at 14 in October after slipping three points from September. An index reading higher than 50 indicates positive sentiment about the housing market. The index has been below 50 since May 2006, and below 20 since April 2008.

On Wednesday, the Labor Department reported consumer prices dropped 1% last month. It was the biggest monthly decline on record since February 1947. The drop was twice as large as the 0.5% decline analysts expected.

The Commerce Department reported that construction of new homes and apartments fell 4.5% in October, the fourth straight monthly decline, and the slowest construction pace on record going back to January 1959. Construction fell to an annual rate of 791,000 units from a revised September rate of 828,000 units.

On Thursday, the Labor Department said new applications for jobless benefits rose last week to 542,000 from a revised figure of 515,000 in the previous week. The last time jobless claims were this high was July 1992.

The Conference Board said its index of economic indicators declined 0.8% in October, worse than the 0.6% decrease expected by economists.

Upcoming on the economic calendar are reports on existing home sales on November 24, and durable goods orders and new home sales on November 26.

Visit my website and turn this news into good news for your pocketbook:
www.SpidersMarketingWeb.com
Your FREE Multi-Income Stream Resession Killer!
> Rantings — Wes @ 12:16 pm

November 26, 2008

Conversion Boosting Tip… Brian Terry

Hi Wes,

Here’s another excellent conversion boosting tip for you…

“Only make ‘safe’ assumptions about your prospect”   While some successful people adopt the “don’t make assumptions” attitude, the truth is that you can still make some safe assumptions now and then…

and people DO make assumptions now and then, whether they know it or not.

Here’s another fact: people can be predictable.

This is proven in an informal study when a speaker asked the audience 3 simple questions.  They didn’t have to reply to him just yet and they were instructed to only remember their answers.

The 3 questions he asked were:

* Think of one number, 

* Think of a color, and

* Think of a flower.

When the audience made their mind up in a flash, he went on to ask…

“For the first question, how many of you were thinking of ’7′?”

Easily more than 75% of the floor raised their hands up.  This was also the case when he asked if they were thinking of blue and rose for the subsequent questions.

Overall, he guessed AT LEAST ONE answer correctly of the 3 questions… more than 75% of the time!

Amazing, isn’t it?

While this was a mere study… it goes to show that people are predictable and as long as you understand the majority of your prospects and their needs, you would’ve qualified a big fraction of them!

For example:

I have a sneaky suspicion that you’re on a tight budget and have less than a few hundreds to spend on your marketing and advertising campaign.

OR:

Chances are that you have failed in your past relationships or this is your first try at scoring a date with your dream girl.

Can you think of a way you can use this to your advantage on your website?

I’ve got even more conversion boosting tips, techniques and strategies for you right here…

http://www.BigSellingConversions.com/profits

If you have any questions at all…  just let me know.

All the best!

Brian Terry

> Training — Wes @ 4:04 pm

July 30, 2008

SpidersMarketingWeb Takes a Step Beyond Magnetic Sponsoring

Hello,

Wes Waddell back again,

Wes in the Caribbean...This time writing to you from beautiful Colorado Springs, Colorado, with some thoughts about a couple of great systems out there.

I’ll cut to the chase. Magnetic Sponsoring (MS) is a good, well-established program and the new Building on a Budget course (yes, I bought it and use it.) is top notch. But, the Spider Web Multi-Stream Marketing System is even better. Better as in, easier to set up, takes less time to maintain, and most importantly, makes more money through more than 12 separate streams of income.

There are so many different Internet systems out there that make all sorts of claims. Before getting into the SpiderWeb Marketing System, I also investigated and use Magnetic Sponsoring and several other easy home business courses.

Then, one of my Joint Venture partners, Brian, told me about the Spiders Marketing Web.

I’ve always heard good things about Magnetic Sponsoring. Founded by Mike Dillard, it is a useful program, and you can really learn a great deal from it to apply to almost any business.   In fact, the SpiderWeb Marketing System is built around the same type of funded proposal system that Magnetic Sponsoring is built on.

But, there are some significant differences that are quite obvious even to the novice.

The first and foremost is cost. The main thing that Magnetic Sponsoring is selling is Mike Dillard’s business book, that goes into great detail and helps you understand the funded proposal system, and gives you guidance and a good starting point to begin to establish the system that will bring in profit… all on a budget of less than $500.00

Compare that with The SpiderWeb Marketing System found at: www.SpidersMarketingWeb.com, which offers a free training and marketing system that will do just about everything for you and get you set up with ease, to make money almost instantly.

While it doesn’t offer the in-depth text that Magnetic Sponsoring does, it actually gives you the vehicle to make money, and sets itself up for you, while also including 22 training videos (and counting).

The second difference to look at is the source of income. As is evident from their introductory video, the primary source of income in Magnetic Sponsoring is from the prospect of leads that it generates. Once you’ve studied the book and learned how to implement the things it teaches, you can create a system that will bring in (new prospects) people that you can develop a good relationship with and eventually pitch your primary business too. The SpiderWeb Marketing System (www.SpidersMarketingWeb.com) is designed to increase your income as soon as you get set up.

You can actually begin making money in less than an hour from when you sign up.

So, while Magnetic Sponsoring has one source of income, The SpiderWeb System has 22 and counting.

Granted, that the one primary source from Magnetic Sponsoring can be very substantial when worked fully, the problem is that if its not successful, you could be left high and dry. Contrast that to the 22 sources of income offered by The SpiderWeb Marketing System.  Some may fluctuate, but with 22 streams of income, you are sure to have a significant positive flow that is consistent from day one.

I’m not going to tell you that Magnetic Sponsoring is a bad program, it’s not and I have it and still use it… but I will tell you that since I found the SpiderWeb Marketing System it’s no longer a contest.  The Spiders Web Marketing “System” is an amazing program that offers so much more than any other system I’ve found to date.

I’ve already been in the program for a good time, and after being in this industry for years, I can tell you a good program when I see one. Let me reiterate one important point: Its totally 100% free.

Take it from me – SpiderWeb Marketing is a safe venture, designed to incorporate the successes with many new innovative money-making strategies.  It’s also a great blueprint to apply to many other businesses.  It’s well worth the time and no money it takes to learn and study the process.

There are thousands who would agree… just take a look at the praises from some of our members on the web page below.

Thanks so much for you time.

For more information, visit www.SpidersMarketingWeb.com.

Wes Waddell

> Marketing Review — Wes @ 6:34 pm

July 5, 2008