Archive for the ‘Business Social Networking’ Category

B-to-B Social Media Marketing In Full Swing

Tuesday, April 20th, 2010

An article in B to B Magazine declares that the uncertainty of social media marketing from two years ago is now completely gone and business to business social media marketing is in full swing. Not only are businesses using social media network giants such as Twitter, LinkedIn and Facebook, but they are now dipping their toes in more social networks that are constantly emerging. According to the “2010 CMO Survey” from Duke University, within a year, social media is expected to comprise of 10% of U.S. marketing budgets and within five years will grow to 18%.
Within the article, B to B Magazine gives a few tips for b-to-b social media marketing. These include:
  • Remember the 90-9-1 rule, which means that about 1% of the members of an online community contribute 90% of the content, while another 9% add occasional comments. 90% just read what everyone else posts.
  • Publish everywhere. Posterous and Ping.fm are services that can post content across multiple social platforms. Expect different versions of these to start popping up everywhere.
  • According to Google, the social networks with the oldest average members are Twitter, Slashdot, Delicious, LinkedIn and Classmates.com
For more about business to business social media marketing trends, including new networks that are gaining popularity, read the full article, B-to-B Firmly in Social Media.

Social Networking and Business Benefits in a Tough Economy

Monday, March 1st, 2010

searchcircusfacebookAre we living in a new entrepreneurial era? Economic conditions have forced many to rethink their career path. As a result, many people are transitioning into consulting careers, freelance careers and entrepreneurial careers. According to WorkXpress CEO Treff LaPlante, now’s the time to start a technology business.

And many are finding that social networking and business benefits abound. New, small businesses are taking the lead when it comes to thinking creatively about using services like Facebook and Twitter as low-cost methods of getting their brand out into the public eye.

A great example is Coolhaus, a new ice cream business started by a former architect and a former realtor. They realized potential social networking and business benefits by establishing Twitter and Facebook accounts. Social media promotions included giving followers a link to a famous architectural photographer Julius Shulman. If customers came to their roving ice cream truck and said his name, they’d get a discount.

Thanks to fun ideas like that, the social networking and business benefits have led to Coolhaus gaining nearly 8,000 Twitter followers and 1,300 Facebook fans. And according to a recent Rice University study, having more fans and followers really does matter when it comes to social networking and business benefits. Fans of a small chain of cafes visited the business 20 percent more often and spent 33 percent more money than other customers.

Looking at social networking and business benefits goes beyond the low costs. Social media marketing reaches consumers where they communicate. It’s a way of getting in on the conversation.

Will a Social Media Policy Be an Online Marketing Trend in 2010?

Wednesday, February 3rd, 2010

Does your company have a social media policy in place? What are the rules regarding accessing social networks during normal business hours? Are social networks being used for personal reasons or do you use it as an online marketing tool?

According to a Manpower study, “Social Networks vs. Management?” only 1/5 of the companies surveyed stated there was a social media policy in place. And for those companies who do have a social media policy, what is the effectiveness on production? According to the report, 63% claimed it was effective in combating lost productivity.”

What do you think about writing a social media policy where you work? What limitations will you include regarding personal time and/or online marketing promotion of the business you work for?

Original post on eMarketer.