The Importance of Social Networking for Small Businesses

Small business owners struggle with marketing their products as well as their services, contracting new customers, and maintaining their current customer base in order to succeed. In order to create and maintain the latter, the former must be done and done well. Marketing and advertising is the key to any small business success. This began with direct selling, evolved into advertisements with flyers, posters, then emails, websites, and now electronic ads on social networking sites. Targeting the appropriate customers is the best way to anticipate and meet the needs of those customers.

Social networking sites include LinkedIn, Twitter, Facebook, and Myspace. These sites each offer options for small businesses to create profiles and pages, wherein they are able to advertise their products and services. Offering new applications which quantify the likes and dislikes of individuals, users of Facebook can now join “groups” which support small businesses or can “become fans of…” these small businesses, adding to their advertising. This becomes advertising thanks to the ever-evolving applications which these social networking sites have added. The recent activity of individuals, including joining small business groups or adding support to small business advertisements, use to be listed on the individual’s profile but this has evolved into the “newsfeed”. This newsfeed offers multiple updates on the recent activity of friends for users on their home page.

This social networking system of e-collaboration has become a basis of electronic advertising for small businesses. Facebook has now allowed small business owners to communicate to the masses what they are doing, what events are taking place, what achievements or recognitions have been received by the small business, etc… Newspaper articles pertaining to the small business can be copied and pasted onto the business profile or added to their status or Twitter updates allowing clients and potential clients to view their accomplishments within minutes of their publication. By indirectly advertising these achievements by posting projects small businesses can create a “buzz” about their activities.

Small business owners are able to build relationships, gain return customers, and receive referrals by marketing the skills as well as services they offer via social networking. Small businesses will benefit tremendously from creating a profile on these social networking sites which contains all pertinent information that users need in order to evaluate the small business’ qualifications. These profiles can include pictures of the company, their products, or completed work as well as appropriate logos and contact information. These business profiles target large audiences with a single click. Messages and updates can be sent to all of the small business followers through a single click, utilizing the many facets of social networking applications. Through incentives, small business owners can provide contests, games, and prizes for clients who participate.

Events can be created via Facebook or posted on Twitter which contain contact information alongside all relevant information such as the host, location, attire, admission price—if any—, as well as the start and finish times, whether the event is closed or open to guests, and shows a list of those who have made reservations and/or were already invited.

Twittering Around With Twitter

I haven’t been on twitter all that much lately due to being sick this last week (which is why this post will be a short one) but today I’m at least up to the computer and went inside my email management Aweber to send a broadcast out to my email list.

While I was in there I noticed that you can now twitter your broadcasts at the same time over to twitter, cool.

(you can read the story at Aweber here)

A couple things of notice:

1) You can only do this for broadcasts only, not follow-ups

2) You can only send with one Twitter Account, this may just change in the future.

There’s some other fun things I’ve also added to enhance my twitter business building experience that I’ll soon share. :-) If you want to follow me on Twitter you can here: http://www.twitter.com/veraraposo

I’ve secured interviews, events, and build relationships with Twitter. Fun!

Twitter D and Twitter Dumb!

twitter logo

Twitter?

I have a group of friends that are NOT technologically savvy. They don’t know a hard drive from a long drive. They do know sales and how to run a business, so how and why would they want to take the time to learn about social networking and Twitter specifically?

Well let’s first take a look at what is Twitter? Twitter is a micro blogging platform designed to let users answer the question: “What are you doing right now?” It allows friends (followers) to hear and answer that question in real time via SMS, IM and webpages.

Purpose

How you use Twitter really depends on your purpose. Is it for personal use or for business or both? Depending on how you answer that question will define your parameters of: what you tweet about, how often you tweet, the language you use and the people that follow.

Since you are a reader of this blog I’m going to assume that you are using Twitter for mostly business use.

Here are some different ways to use Twitter:

Opinions-You can share your opinion on a certain subject, current event.

Research-Asking your followers their opinion on a product idea, what they like/dislike, what they are currently using?

Live news/Updates-With Twitter you can hear/tell about industry news while it happens. If you are at a conference and Bill gates announces that he is going to give all his money to me. You can let me know. (that would be very appreciated)

Sharing/Broadcasting- If you find an interesting article or blog post that is relevant to your followers, you can share it with a link (twitter automatically inserts it using tinyurl.com). If the articles are of interest this will build followers that are interested in the same type of information as you. I use a twitterfeed.com to broadcast any new blog post to my twitter followers automatically.

Branding/Microblogging-When the above strategies are used correctly one of the benefits is branding. You will become a credible resource a trusted resource. We teach the definition of marketing as getting someone with a need to know, like and trust you. Twittering is perfect to help enforce all of those criteria.

Answer Questions-If you see a tweet asking for advice or guidance on your topic, you can answer it. This will do two things. It will further establish you as an industry expert and if your answer is compelling others will begin to follow you.

Tips for effective Twittering

When Twitter remember every tweet counts!! You are either moving your brand and reputation forward or backward that is why is very important that you really consider what is the purpose of your Tweet and ask yourself if your followers really care?

Followers are no good to you and your circle of influence if they don’t care. So take caution and only Tweet on subjects that your ideal client would be interested in. It does no good to have 10,000 followers if they are following you because you did a massive ‘followers’ campaign-if they aren’t in your target audience. Getting followers for a followers sake just isn’t valuable.

Monitor your Tweets vs. reply. If you Tweet too often you may start to dilute your effectiveness. It is the law of scarcity. In addition, if you have too many reply’s and no tweets you may confuse your follower (remember they only see half the conversation). I usually answer a question publically three times and then take it to a direct response.

Use technology to help you. I use twitter feed, friend feed and a facebook application. The possibilities are endless. I’ll write on this in an upcoming blog.

Remember that Twitter is a conversation tool. Pretend that your are in front of a room full of your potential prospects what kinds of Tweets “conversations” would you like to have with them?