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Posts Tagged ‘Linked In’

Don’t be Impulsive with Social Media Marketing

Wednesday, March 31st, 2010

“Social media is like teen sex. Everyone wants to do it. No one actually knows how. When finally done, there is surprise it’s not better.”

Avinash Kaushik

Social media (i.e. Facebook, Twitter) is in vogue among connected consumers and many companies are hoping to capitalize on this marketing avenue to promote their business. I was curious to know how effective (or not) social media has been for other marketing aviation professionals — are they truly walking the walk, rather than talking (tweeting) the talk — I recently posted the above quote on LinkedIn to learn what experiences my colleagues have had using Social Media.

Troy B. reported, “Frankly, we’re loving it. . . When I reach someone who buys an airline ticket, parks in on-airport parking, purchases food, beverages and a magazine, brags about our WiFi and speedy screening lines, and plans to do it again soon — all based on info I’ve tweeted — I start to like the results.”

However, some are not 100% confident in this colleague’s social media experience.

“… there are a great many people who have learned the hard way that the medium is far less benign that was first assumed,” said Ronald K. “A lesson of both teenage sex and social media is that both are best done with adequate protection in place.”

I agree social media can often be impulsive, not to be taken lightly with its implications, and often times regrettable, not unlike teen sex.

And also concede that as a customer service tool, social media may well be worth the time and effort, especially for brand/image sensitive businesses. However, many of my own clients are in B2B space, and I hesitate to recommend Facebook or Twitter as a marketing tool because it is hard to quantify its effectiveness. I know from experience placing an ad for these clients will make the phones ring, and public relations will build awareness.

Steve E. said, “If you compare dollar-to-dollar spending, I’ll take social media over standard media any day as the immediate discussion that ensues is direct and instant and something that far exceeds anything standard advertising has to offer.”

But how well will social media generate new businesses as compared to traditional media is the question I need answered before recommending social media to my clients.

Allow me this hypothetical:

Using traditional marketing tools, say I run a 6-month, $10,000 advertising campaign for a client in a trade publication reaching their target audience. Assume this campaign generates 100 leads and the client closes 10. The cost per new customer acquisition is $1,000.

Alternatively, the client contracts to develop and monitor a social media program. We spend on average one hour a day building their network, making posts, responding to queries and, at the end of six months, the program has also yielded 10 sales. Assuming $100 per hour is charged (social media needs to be monitored by qualified staff, thus a higher per hour fee), then the cost to the client is $13,000! (5 hrs/week over 26 weeks = 130 hours x $100/hour). This is significantly higher than traditional advertising.

Granted, one can argue with my numbers in my hypothetical example, but to do social media effectively, you have to commit to high level of time management, and you also need to highly capable people managing your social media programs (otherwise more harm than good may be generated). With these facts in mind, social media may not be the holy grail of marketing as many proponents suggest.

Social media has a definite role in marketing, such as customer service and company announcements. But as an effective sales generating tool, I remain skeptical. I continue to encourage my clients to wait before they act impulsively and regret it.

Much like I advise the teenagers in my life.

Business Cards Will Never Be Obsolete

Thursday, January 28th, 2010

In the era of Google, Twitter, Facebook and LinkedIn, there is still irrefutable value in the good old fashioned card. Business cards, arguably one of the oldest and most important marketing tools, have been in the marketing news as of late and deserve our attention, as well they should. The business card is an essential part of your marketing strategy and should never be overlooked.

MSNBC has recently been quoted to say business cards are becoming obsolete, being replaced with complete profiles on LinkedIn and digital cards with mobile applications. Some believe this is necessary new technology, but I’m not quite convinced. Don’t overlook your business card as part of your overall marketing strategy as it plays a key role in your business image.

I am confident technology will never replace the business card as the first brand representation of yourself, other than your physical being. In many situations, business cards are the first presentation of your brand image other than your physical being. Inc.com did a story on creative, innovative, business cards, but there is no need to be that extravagant. Your card needs to carry the necessary information so a prospective client can easily contact you.

Don’t chintz on developing a quality business card—use a quality, heavyweight cardstock. Consider hiring a graphic designer. Are the business card elements consistent with your company brand image? Is your  logo and slogan included along with all your phone numbers, address, email and other pertinent information? Don’t underestimate your business card, this marketing tool has power: the power to sell your brand — how you want others to perceive you.

As antiquated as it may seem, sharing a quality business card is also a remembrance of a more civil time, pre-DUB era. (DUB is the abbreviation of DubMeNow, an electronic business card application said to be replacing physical business cards.)

A personable time when face-to-face contact concluded with, “Do you have a card?” And how nice it is that this has endured.