The economy slowdown has humbled many businesses over the last 6-12 months. Chances are as a business owner you have experienced shrinking profit margins, and you find yourself stretched thin. Doing more with less is the new mantra. If sales growth in your organization has declined, chances are your marketing department or marketing efforts have also grinded to a halt. It’s a natural cause and effect. In fact it’s probably safe to assume these folks are not quite as busy now as the years you were showing 50% year over year sales growth. I would even go as far as to say someone in your marketing department right now is busy updating their status on Facebook. Grounds for termination right? Well not really, having someone on your staff that is “in-the-know” about social networks can actually help build your business’ online brand and save you money. Below are some steps you can take to turn this situation into a positive:
- During your next marketing or sales meeeting try to gauge how many people are actively using social networking sites. Ask them the benefits of using Facebook and Twitter. You need to first understand how they are using the technology before you put it to work for your organization.
- Tell your team you’d like to conduct a social networking experiment. Invite them to contribute and encourage staff feedback. You will be surprised at the level of excitment and the knowledge of your staff. Chances are a “Facebook pro” will emerge and take a leadership role on this project.
- Establish clear set goals. For example, maybe you’d like to conduct an online contest run entirely on Facebook, with the goal being to establish 100 new Facebooks friends. Your team can set up a Facebook account for your business and invite their friends to join or become a fan.
- Once you have established a base of “friends” on your business’ Facebook account, you can begin to re-engage with these folks on a frequent basis. Your Facebook account will soon become your platform for announcing new product launches and other important business announcements.
In prior years you may have placed ads in trade magazines or ran direct mail campaigns to communicate with your customer base. These efforts were considered a fixed cost of doing business. But the ROI has always been difficult to pin down. With social networking reaching an engaged niche group of people in a format that encourages dialouge and feedback is the entire purpose. If managed correctly, social networking can help reduce the cost of traditional marketing efforts and increase customer interaction with your brand.
Residual benefits of starting a social networking marketing campiagn include:
- The time your employees spend on Facebook will now be time spent building your organization’s online identity.
- You can re-energize a department or individual that might otherwise feel lost in this ecomnomic downturn by giving them a new and exciting task.
- Social networking doesn’t have to cost you anything more than time, so if you fail…you fail cheap.
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