How to: Social Media in Business – Facebook (Part 1)

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October 6, 2010

Part 1 >> Part 2 >> Part 3

A week ago we looked at what social media means to businesses, why social media is the way forward for businesses and also ways on how social media can be integrated into your business. Having read all that, you may begin to have a little something for social media, wanting to get started but know nothing about it? This post explores one of the many tools of Social Media that you could very well apply in your business / brand – the infamous Facebook.

Why Facebook?

Most people today have a personal Facebook account and spend loads of time on it, be it on games or merely page / profile hopping, engaging with other users online. Millions of users access Facebook on a daily basis and this also means that Facebook has a potential ready market of millions to be accessed by your brand and you just need to be a part of this huge global network. What you need to do is to merely find ways to tap into it.

The good news? Facebook is nowhere near in pulling their brakes. They are here to stay, continually innovating their services and recently seen wanting to integrate deeper into the mobile devices, tying in with Android operating systems. Just so you know, Facebook’s actual value is reported to be a whooping $23 billion (Forbes) and $33 billion by The Financial Times!
The bad news? Having a Facebook page alone isn’t going to get you anywhere – it is only the beginning.

To start things off, take a look at the video below:

1. You’ll need a plan.

Yes, social media IS business thus requiring a strategy to truly succeed. Start by setting goals for your Facebook page followed by specific tasks on how to achieve them. You may want to look at:

1. How many ‘likes’ to gain by end of the year?
2. How often will you be able to contribute to the page? (e.g. at least 3 days a week / videos / images)
3. How would you want your followers to interact with you? (e.g. share your contents / provide feedback)
4. What is the final outcome for your page? (e.g. to drive traffic to your site / to receive suggestions)
5. Do you need a team to manage the page or an individual?
6. What do you need to do to achieve your goals?

2. Command attention.

Like it or not, in most situations, even the most valuable content you can ever provide will be ignored – yes, despite the traffic. How so? Simple: they are NOT paying attention to you. There are so many things happening on the screen: instant messaging, emails, Skype, daily news and if that’s nothing, do not forget the various happenings inside Facebook itself (e.g. wall posts, photos, videos, games and etc)!

Already sounding impossible? Not quite.

You’ll need a PULL, something that draws their attention to you. No, definitely not advertising because consumers today are immune to advertising. They know when to turn away when an ad starts playing and even the most annoying popups can deliberately be ignored without being seen! It has to be something that RELATES to them. This PULL can be exclusive contents, benefits, giveaways, outrageous offers and more!

Think of ways that will excite them. Some marketeers cleverly pack information into video presentations and aesthetically pleasing images – why? They know what relates and excites their followers: Videos and images definitely captures attention better than text. When it excites them, consumers are likely to share it across the social media. Once again, this is Co-Promotion through WORLD-of-mouth.

“Know what your customers are looking for. In social media, your followers comes first! Forget about getting new prospects – you’ll get stronger conversions with your followers on your side”

3. Stick to it!

Consistency is the key and this is perhaps the difficult part and determines the initial make or break. Most brand pages fail because they are unable to stick with what they have in mind. Either the management team is too bogged up with other work or they’ve given up after weeks of trying to no avail.

“Pages fail due to lack of commitment. Lack of commitment to the page is simply telling your customers – We don’t care“

Social media takes time, just like traditional businesses. You may hear stories of people making big money with social media over night but the truth is, most businesses can’t. This is where you may want to utilize your contacts, publicize your page on your official site, name cards, pamphlets, brochures, ads and etc to make use of your Facebook presence. You can hold discussions, get feedback, throw special promotions, contests and more to drive interest, traffic and participation to your page.

What’s in Part 2?

Real life implementation and integration examples of Facebook in businesses worldwide! You do not want to miss this! Stay tuned!

[UPDATE: Click here for Part 2]

How To: Integrate Social Media to Benefit Your Business?

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September 29, 2010

| Jan Wong

About a week ago we looked at what social media means to businesses and why social media is the way forward for businesses and perhaps right now you are wondering how social media can benefit you and your business. In a nutshell, your relationship with your customers will never be the same again and it is for the better! I managed to stumble upon this simple yet comprehensive image depicting the evolution of CRM into Social CRM when a business truly integrates social media into their operations.

Social CRM sure looks good and it is important in today’s social media world because businesses are moving towards a collaborative business model. This also means that businesses that has a closed door concept, shutting off customer input will eventually lose out from the market as they only see business through transaction and not interaction / engagement. Little did they know that customers really do have the upper hand in today’s world where a single complain or dissatisfaction can evolve to a global scale within minutes – again, through social media.

Collaborative?

Yes, we are talking about Co-Creation and Co-Promotion of products and it can only be achieved by a collaborative effort, through engaging with your customers. Gone were the days customers will simply buy a product without research and comparison with your competitors.

Reviews, feedbacks and complains can be freely obtained online on blogs, forums, Facebook and Twitter statuses and more therefore making competition greater than before! Think of it this way though, if you’re able to get into their good books, your competitor will be the one struggling instead!

Still have your doubts? Check out the video below!

Start by opening up your doors to listen to what your customers are saying.

What is it that they really want from you?

What is it that makes them your customer?

Is it your product? Or your services?

What are your strengths? What are your weaknesses?

Who do your customer perceive as your competitors?

These questions are best to be answered by your customers.

“Your customers are in someway, your existing followers and fans. Spend more time with them to understand their needs instead of trying to catch the attention of the mass public! Keep the fans, let the rest go. They’ll come when they’re ready”

A traditional business would probably think that the above is crazy.. but it’s not. With social media, businesses today gain direct communication with customers which they do not have 10 years before. A continuous relationship / collaboration with existing customers will in fact draw MORE customers, through them – Co-Promotion.

Find out what excites them as a customer and continue to spark that excitement in them and news will spread among your customers automatically through WORLD-of-mouth, without additional marketing expense. How cool is that?

Imagine creating a new product or service which has guaranteed sales / response – it can happen, with social media. Why? This is the power of Co-Creation. Businesses can use social media to co-create products and services that caters to their needs directly without making wild guesses. Customers know what they want and fans can give you the input you need to produce a killer product / service. It is also an avenue to truly say “we hear you”.

This way, you’ll know whether your product will be widely accepted / rejected even before producing it. Even better if you’re able to get your fans to create on your behalf – you may be on your way to discovering great talents for your business expansion and it’s a good way of getting your fans involved!

Want to know more?

Watch out for upcoming posts on real life social media implementation examples worldwide!

Why Online Social Media?

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September 18, 2010

| Jan Wong

How often have you wanted to harness the potential of social media but been too unwilling to commit to the changes required (i.e. still holding on to your previous mindset)? I managed to come across this Dilbert comic strip that somewhat resembles what we looked at previously about the mindset of today’s business owners and entrepreneurs in Malaysia regarding social media:

Although the comic strip may seem to have exaggerated things a little (especially when we now know most people associate social media with Facebook and Twitter) but it does carry some truth in it. Perhaps it may happen like this instead in Malaysia (adapted from above):

True, isn’t it? Most traditional businesses sees social media as merely a trend that they wish to participate in but yet unwilling to accept it fully. Little did they know that social media has grown beyond just a trend or a technology – but a lifestyle, an integral part in consumer engagement, extension of networks, and it is here to stay.

Still skeptical? Apart from just pumping you up with the potential reach of people you can be connected with, here are 5 simple reasons on why you should get started with social media for your business if you haven’t already:

1. Public Engagement

Now before you turn around click away saying that you’ve heard of this a million times already, listen to this once more: engagement builds trust, a bridge towards your brand, it creates a perception and an emotion towards it. This can become your brand’s distinguishing factor against your competitors. Like it or not, people already have perceptions towards your brand regardless.

If they’ve never heard of you before, chances are, you have to give it double the effort to convince them as compared to a brand that is already well engaged with the public and this is something traditional marketing (or advertising) can’t do.

“Traditional advertising is a 1-to-many, one-way relationship while social media is a 1-to-[1]-to-many, two-way relationship. It takes two hands for a brand to clap and that [1] makes a difference. That [1] is your tie to the mass, and also your brand advocate, your key for an applause.”

2. Earned Media vs Paid Media

Which do you prefer? People talking about you or paid to talk about you. Don’t get me wrong, paid media isn’t wrong by all means as advertorials, reviews and the likes DO WORK, even better if you have a strong influencer on your side but some business owners or entrepreneurs do have their hands tied when it comes to budgets, especially for a startup and earned media is well, free!

A little bit of time and effort will get you a long way. Think about it, where else do you have the opportunity to share your knowledge, thoughts and expertise in articles or in any other media form at no cost, with a huge base of potential non-geographically constrained readers? That’s the World Wide Web for you and all you need is just a little dedication to maintain and to promote your masterpieces!

“It is beyond just a ‘following’ online, but the credibility you build for yourself / brand / business along with it.”

3. Social Customer Relationship Management (CRM)

Apart from just communicating with consumers, receiving feedbacks, support, sales and promotions, social media can also be used as an avenue for your customers to tell their story i.e. testimonials. Nothing beats a first-hand story, whether good or bad that comes from your existing customers as it will be able to attract new customers along the way!

Yes, this also means that your existing customers will be ‘selling’ your brand to their networks on your behalf, without having you to spend extra time and money to try convince everyone on the street on how good you are. It will now be customer-get-customer rather than brand-get-customer. Sharing – that’s how information travel on the social media, and it happens with just a click.

“They say sharing is caring. On social media, sharing is business.”

[PAUSE:] If at this point you’ve still been wondering:

1. On how this social media ‘thingy’ can actually do ALL of the above, or
2. Is the social media ‘idea’ too confusing? or
3. You find that I’m no longer speaking in English, then:

Check out this video I found on YouTube – explaining social media in plain, simple English and how social media can benefit you, your brand, your customers AND your prospects!

Hopefully that cleared things up better!
Okay, back to business: On to the fourth!

4. Measurable

Unlike traditional advertising, results can easily be measured on social media. With the availability and free access to various tools such as Google Analytics, Feed Burner, number of fans / followers / friends / likes and more, one can generate a detailed report about their reach as compared to traditional means.

For example, Google Analytics (to the left) will be able to indicate the amount of page views, average time spent on your site, where they are from, how did they managed to land on your site and other information that helps you understand your readers more. This is definitely one thing you’ll never be able to obtain out of traditional means. In other words, ‘success’ is now determined based on your influence rather than reach, quality over quantity (but then again, quantity is also achievable on social media).

5. It Works

Yes. It works! Businesses all over the world have implemented and integrated social media into their business modal do have results to show! Whether it is sales, higher traffic, enquiries or feedback, it worked for them. No reason for it to fail, if you’re committed in making it happen. And no, they did not pump cash to make it work. Social media made it work for them.

Want to know how others implemented social media in their business? Hang in there as I’ll be revealing some of them right here, at janwong.my in the coming days! You may be surprised to see how these brands and businesses used social media to drive results up their doorstep – powerful yet simple. Chances are, you may just be able to replicate their success in your business!

Conclusion..

There you go, 5 simple reasons on why social media should be implemented in business operations and marketing efforts. There are of course, even more reasons on implementing social media but in the end, the key is your mindset, perception and how far a brand is willing to go with it.
Remember, only you can determine whether social media makes or breaks your business… why go with the latter? :)

… many have made it, what say you?

How else do you see social media impacting your business / life?

What is Online Social Media?

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September 14, 2010

| Jan Wong

As you may already know, the Online Social Media or the infamous Web 2.0 / 3.0 is the marketing trend of today’s business environment. Marketeers are using it to their advantage world wide and social media does not seem to be putting on brakes anytime soon as in continues to evolve.. rapidly!

Malaysia is definitely not out of the picture. This Online Social Media ‘concept’ is also seen to be the IN thing for businesses and many have been (or at least, trying to) implementing this concept in their corporate strategies. As per every business execution, some made it and some didn’t.

Why, you ask? Let’s first explore the mindset of the business owners and entrepreneurs towards social media – I recently came across many business owners and entrepreneurs lately that seem to have their own interpretation of this ‘concept’ that has been reaping great results globally.

Here’s a summary of responses I manage to gather from the conversations I had with them regarding Online Social Media:

Although none of the above is entirely wrong, but as expected, terms such as ‘Facebook’, ‘Blog’ and ‘Bloggers’ came out most often and is found to be their very first reply e.g. “usage of Facebook and blogs…”. It would also seem that to some of them, social media means inviting bloggers to write about a certain happening / product / advertorial. Some says it is an additional avenue for promotion and sales, a tool to target the younger generation and the list goes on..

It is sad to see that many business owners today still have their own interpretation and mindsets, and has yet to come to realize and see the importance of Online Social Media in Malaysia, seeing it as merely a tool or an extension of their business instead of integrating social media as PART of their business. Hence, they see it as a only a ‘concept’, a ‘good to have’ but not a ‘must have’, a ‘trend’ but not ‘real business’.

How about you? What is your interpretation of the Online Social Media?

p.s. next post: “why social media?“