Posts Tagged ‘Business Networking’

Social Media for the Evolving Business

Friday, November 20th, 2009

Social media is slowly changing the face of how businesses get, respond, and discover new information. Those that do not adapt will simply die, but the ones that embrace social media, will undoubtedly succeed and be seen as leaders in that field of business.

Courtesy of @Mashable, here are four ways that social media is altering businesses:

1. From “Trying to Sell” to “Making Connections”

Show some personality, that is part of your brand. Engage with your customers by telling them what’s going on when the 9-5 job ends. If you’re transparent and “put yourself out there,” people feel more comfortable about doing business with those companies.

business social networking

2. From”Large Campaigns” to “Small Acts”

Less is more.

Less is more. It bears repeating. The cliché of the decade, but it couldn’t be more true, especially when opting to use social media in your business plan. Focus on the niche mediums that your target audience utilizes. This allows you to better connect and track them; you won’t be wasting millions of dollars blasting your message to world, not knowing who saw it and if they responded to your call-to-action.
People share stories through the web. It is much faster. So if your customer has a negative experience, you need to make sure you address their concerns before it becomes too viral. It pays for companies to pay attention to the one-on-one customer relationships forged via social media.

3. From “Controlling our Image” to “Being Ourselves”

This reinforces rule #1 — personality. Don’t control your employees so that your company is portrayed as this squeaky-clean, monotonous factory. Allow your employees to write and talk about hobbies that they’re passionate about outside of work.
Take a page from Google’s 70/20/10 rule, which allows employees to spend 20% of their time on “Innovation time off” pursuing their own ideas that relate to Google and then 10% of their time on stuff completely unrelated to Google. “By doing this, Google gains a loyal employee by allowing them to do whatever they want without Big Brother looking over their shoulder.  At the same time, it captures innovative thinking due to random stimulation.” (the99percent)

4. From “Hard to Reach” to “Available Everywhere”

People want to interact with and engage businesses via their chosen means of communication, whether that is Twitter, Facebook, discussion forums, etc. Company telephone numbers and e-mail addresses will not suffice any longer. If I’m loyal to a brand, and I see that they use Twitter or Facebook often, it makes me feel more comfortable knowing I can communicate with their company through those means. Allow customers to communicate through their chosen means, not yours.

Don’t be dinosaur and stick with what you’re comfortable with (i.e. old media). You’ll go extinct like they did. Instead, jump ship to where the future of interactivity is going.

Insurance Agents Using Social Media

Thursday, May 14th, 2009

Independent insurance agents are a great example of a well established industry, uniquely positioned to greatly benefit from Web 2.0 and social media.

Independent Agent Magazine, the official publication of the Independent Insurance Agents & Brokers of America, is strongly advocating that, “Agents take advantage of Web 2.0 technologies to increase sales.” The cover story of their May issue is titled, “Find Us on Facebook.”

In the article they quote Rick Morgan, the president of Rick Morgan Consulting, an insurance technology consultancy. He is also chairman of the Agents Council for Technology (ACT) committee on Web 2.0. “Social media and other Web 2.0 capabilities are creating new opportunities,” says Morgan, by facilitating communication “inside your agency and extending collaboration beyond agency walls.”

Insurance Agents Using Social Media

IA Magazine went on to make a strong point, “If most young adults use their computers and smart phones to communicate with friends, look for jobs, research products and buy or sell them, shouldn’t insurance agencies be part of the trend?”

Ed Higgins, president of Thousand Islands Agency in Clayton, N.Y., gave the magazine his view, “I think (social media) will be a significant part of our agency’s growth and a way to build customer loyalty,” he says. “The more links you have out there, the more positive it can be.”

As strong advocates ourselves of social media and Web 2.0, it’s great to see industries like this not only taking notice, but realizing the benefits and becoming proactive. It is no longer a secret that well established professionals, like these independent insurance agents, can immediately boost their business through social media on the web. The waiting period is over, this stuff is being proven right now, as you read. Get on board.

Newspapers are Dying, Where Did the Audience Go?

Friday, March 27th, 2009

Right here. On the Internet. This is where all those eyeballs go.

Ever since newspapers started circulating, they have been an ideal spot to promote your business. Well it’s no secret that medium is being phased out. So what should you do? Where are all of those readers going now? They have migrated to the web, and you need to follow.

Need to hear it from a reputable source? CNN will tell you all about it here. A few excerpts to chew on:

More bad news could be coming this week as newspapers struggle to meet challenges posed by changing reader habits, a shifting advertising market, an anemic economy, and the newspaper industry’s own early strategic errors.

The industry’s advertising revenue in 2008 was $38 billion, a staggering 23 percent drop from $49.5 billion the year before. Print media companies are failing to achieve market expectations each quarter, scaring away investors, venture capitalists and potential buyers in droves.

Newspaper classified ad expenditures tumbled nearly 17 percent in 2007, according to the Newspaper Association of America. The recession is affecting auto dealerships, real estate companies and other local businesses, accelerating the advertising downturn.

Newspaper

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