Those who have been reading my blog for a while know my mantra when it comes to effective bootstrap marketing — Think like your customer!
For example, since not every type of customer looks to the web for information, not every business necessarily needs a web page. The same limitation holds true for social media. It only works if it is where your customers go for information.
Even if websites or any of the new media sources out there are the right way to reach your customers, you still need to be clear about your intention with any form of promotion. What do you want your customers to do at your website? What do you want them to do with your use of social media as promotion? Bootstrappers can’t just throw a bunch of marketing stuff to the wall with their promotion and hope something sticks. You have to be intentional in what you do with any form of promotion.
And finally, keep in mind that their are probably a billion websites out there and almost as many people trying to use social media to get business. You can’t just build it and they will come. You need a strategy to get people to notice your message and push them to act.
Gene Marks offers his thoughts on using social media in a new article at Business Week:
We’ve been misled as to the benefits of social networking sites. Many of us are
finding that these tools do not live up to the hype, especially for small
business. Once we start digging deeper, we’re finding a lot of challenges.
Marks discusses five myths about the use and effectiveness of social media for promotion. This is a good read for anyone currently trying to use social media or thinking about using it.
Social media can be an effective tool. But, you need to understand if it works for your customers. If it does make sense as a tool for your target market, the next step is to determine how best to make social media a productive part of your promotional mix.
Marks is not out to prove that the new media does not work as promotional tools. There are many examples of successful promotion through social media, such as the effective use of Twitter for marketing and businesses that were built through sites like Facebook.
In fact, I can guarantee that he understands that the new media can be effective if used properly. After all, his public relations person nagged me long enough to get me to blog about his article!
Indeed, choosing the appropriate online promotional techniques and subsequent time management is one of the biggest challenges facing Entrepreneurs today! Throw in the exponential growth of online technology (http://www.psfk.com/2009/06/powers-of-ten-for-the-twitterverse.html)and the advent of ‘Cloud Computing’ will only widen the choices of online promotional options…
About 1/3rd of our gross monthly revenue is from online sales. A solid 90% of those sales I can directly attribute to Twitter. I’ve invested a lot of time in establishing a Twitter presence including writing custom software to experiment with rewarding our audience:
http://bakersdog.com/apps/twitter
I also wrote a tongue in cheek ebook about small businesses looking to “get rich” from Twitter:
http://bakersdog.com/ebook
Basically, I’m having fun with all of it and our audience is having fun with us. The result is sales.
I agree that not every company needs a web page but I will not buy from a company that does not have a website. I always like to go to their site and read about the company.
Social media marketing mix is like a turbocharger in a car, you still need a roof, windshield and tires, but you can get there faster turbocharger, such as social media.