Social Media – The Shift to Peer Recommendations
Does it surprise anyone that over one-fourth of search results – for the world’s largest brands are links to USER generated content? Peer recommendations are the know, like and trust factors that have catapulted social media into mainstream commerce.
In fact, over 75% of consumers trust – peer recommendations while less than 15% trust advertisements. Is it any wonder so many companies have jumped on the bandwagon, branding themselves via Facebook, Twitter and corporate blogs?
To be truly successful in Social Media ventures – you need to ENGAGE your potential customers. It isn’t enough to simply set up a corporate blog and allow comments to your posts. I know I read quite a few blogs and their ensuing comments, and I’m amazed how many readers ask questions that are never answered by the publisher. Where’s the engagement? Not only does your blog need fresh content – you need to field questions in the comments. It’s called dialog. In marketing circles, it’s called MONEY TALKS.
Social Media strategies – are akin to networking strategies. It’s about building your friends’ networks and keeping your profile status updated. It encompasses more than allowing others to write on your Facebook wall – it’s contributing to their success as well. There are potential clients on your friends sites (their sphere of influence) that you could or would never be able to reach on your own.
Quantity versus quality – what works, what doesn’t? Reading Tweets from a user every 30 seconds gets annoying. I’d rather see quality versus quantity, and I bet I’m not alone. I believe social media pays best via meaningful engagement.






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