LivingSocial ropes in SocialMedia.com for $3 million | ZDNet

April 19, 2011
Image representing LivingSocial as depicted in...

Image via CrunchBase

LivingSocial ropes in SocialMedia.com for $3 million | ZDNet.

A couple years ago, SocialMedia.com came out of the gate as one of the first companies to build out an effective ad framework and model that was working and raking in the cash. They were one of the first companies to integrate friends’ photos into Facebook Ads. Eventually Facebook had tried acquire SocialMedia.com (the company) but after being turned down, Facebook went after them legally for privacy policy violations.

Read more.

Source: ZDNet

Becoming a Big Deal

April 13, 2011
Image representing LivingSocial as depicted in...

Image via CrunchBase

With Groupon and LivingSocial leading the pack, daily deal sites are one of the hottest businesses out there right now, so it is probably no surprise that several hundred eager entrepreneurial types packed in for the Daily Deal Summit in New York City Wednesday.

Although LivingSocial, which just landed $400 million in venture capital and whose CEO is expecting to see $1 billion in revenues this year, joined the panel discussions, Groupon, the Chicago-based startup that started the deal craze was conspicuously absent, although it sent a rep, according to summit organizer Jay Weintraub, who estimated about 500 attendees showed up for the summit, about twice the number that had preregistered.

Read more: http://www.portfolio.com/executive-style/2011/04/06/daily-deals-summit-brings-in-a-packed-crowd#ixzz1JS7kX0eQ

Source: Portfolio.com

Social Media Marketing For Small Businesses: Stories You May Have Missed March 25, 2011

March 25, 2011

Another Friday is upon us, which means another edition of Splash Media’s “curation station” as we highlight a handful of stories on social media marketing for businesses from the week. Today’s topics:

LinkedIn Hits Another Milestone

The self-described social network for professionals is now 100 million members strong worldwide, which has prompted another round of analysis regarding LinkedIn’s worth for businesses. Mashable’s Todd Wasserman posted a very helpful infographic detailing all the demographic information you’d want about the network, while Jennifer Bishop of Australia’s Content & Copy provides more reasons why businesses should consider using LinkedIn for online brand management.

The “Color” Of Social Marketing?

The tech blogosphere has been painting a hype-filled picture this week regarding Color, a new iPhone app from the people who brought you the music service Lala. Color uses smartphone photos to create instant, real-time networks based on how many other iPhone users are in your general vicinity. While other tech journalists debate the pros and cons of whether people will actually want to do that, Adam Lashinsky of Fortune gives a very convincing argument for the location-based marketing possibilities that businesses could take advantage of if Color does indeed become popular.

Social Media Mythbusting

Gareth Bloor of Memeburn offers a must-read primer for leaders of small/mid-size businesses who are still on the fence about this whole social media thing. 10 Social Media Myths That Undermine Business Strategies includes some still-popular misconceptions such as “Our customers don’t use social media” and “The threat of negative posts/comments is too high.”

What did we miss? Tell us in our comments section about the stories you believe are necessary weekend reading for small business executives regarding social media and the online conversation. And we’ll see you back here bright and early on Monday.

Source: Splash Media

Social Media Problems: 3 ways to ruin your social media marketing

March 24, 2011

Social Media ProblemsThere is only one thing that you, as a business owner, need to remember about avoiding social media problems – it’s all about relationships. The whole concept behind social media marketing is that it creates relationships with friends, colleagues, clients, other businesses, etc.

So, what’s the catch?
The catch is that if you’re not doing your part in developing and nurturing those relationships, your social media strategy may not be beneficial to you. In fact, it may hinder you from making a positive impression on your fellow businesses.

There are 3 ways that you can create social media problems for your business:

1. Not updating your accounts.
Once you have a Facebook or a Twitter account, the worst thing you could do is just let them sit, not doing anything. It defeats the whole purpose of having those accounts in the first place and it gives your audience the idea that you don’t care enough to interact with them.

2. Not interacting with your friends.
If someone retweets something you posted or asks you a question and you do not answer or acknowledge it, it’s inevitable that they’re going to feel slighted or even completely ignored. It’s just rude.

3. Talking like a brochure.
People like to know that they are talking to a real person, not some post-generating service. The whole point of social media is that people feel as though they can have that personal relationship with a business, not just the business interactions. When is the last time someone said to you, you just have to see this amazing marketing tri-fold!

There is of course more ways to become “that guy” when using social media for your business, but these are three areas that you can make changes in starting today. Just remember, the first step is admitting that you have a social media problem! It’s all downhill from there.

Source: Splash Media

As Social Media Adoption Plateaus, Content Remains King Of The Hill

March 21, 2011
“People are becoming much more savvy with their technology and in using social networking, so content is the important thing right now,” said eMarketer analyst Kimberly Maul. 

A new report from digital intelligence company eMarketer is full of eye-catching data for social media marketers and companies of all sizes. The report estimates that nearly 150 million people in the U.S. connected to the internet will use social media platforms at least monthly in 2011. That’s 63.7 percent of the online population. By 2013, that number will jump to 164 million, or 67 percent of all web users.

But those figures also show a slight slowdown from the rapid growth seen in adoption of Facebook, Twitter, LinkedIn and other social networks since 2009. The study suggests that this plateau is to be expected, since some age groups were earlier adopters than others – some 90 percent of websurfers ages 18-24 are expected to use social media regularly this year, says eMarketer, and there are not many more minds to conquer in that particular demographic.

The report, however, does highlight how businesses wanting to make social media part of their overall marketing strategy have to make sure they’re providing the right content as users become more discriminating, according to eMarketer analyst Kimberly Maul. “People are becoming much more savvy with their technology and in using social networking, so content is the important thing right now,” Maul told Splash Media. “Everyone’s becoming a content provider via these social networks. That is the best way for brands to connect with these consumers and their fans. They have to provide interesting things they (consumers) want to read and watch and comment on and share. Having that content is going to be key.”

That will be especially true for businesses looking to connect with older customers. The eMarketer report predicts that more than half of web users ages 35-64 will be checking in, updating statuses and tweeting by 2013. “The younger demographics are still the most represented. They are really still active and engaged but use social networks in different ways than older generations,” Maul said. “Younger consumers may not be as prone to interact with brands, but older users are likely to do so.”

The findings also mean that companies may need to tweak their strategies, such as considering location-based services or rethinking what’s on a Facebook place page. “They’ll need to find the right mix and balance of social networking to get their message across and achieve the goals they’re hoping to achieve,” Maul said.

Please share your thoughts on the eMarketer study in our comments section.

Source: Splash Media

Social Media Marketing For Small Businesses: Stories You May Have Missed, March 18, 2011

March 18, 2011

Days of jammed meeting rooms, long lines at bars/nightclubs and hopelessly congested wireless networks are now history – the Interactive part of the annual South by Southwest music/film/tech conference has ended. Hopefully, conference lessons regarding how small/medium-sized businesses can use social media to strengthen their ties to existing customers and connect to new ones will soon be put into practice.

The Splash Media team attending SXSWi has already weighed in for this blog on some of its key takeaways for the week. But Smart Brief On Social Media contributing writer Daley Epstein has a nice roundup of talking points for companies about building customer communities with social media, and how business leaders should get over any initial fears about joining the online conversation.

Other social media news this week:

Were you at SXSWi this week? Tell us about your favorite sessions/workshops there, and what you learned regarding social media marketing for businesses. And by all means, have a great weekend!

Source: Splash Media

Business to Business & Twitter: 5 reasons why they’re a good combination

March 17, 2011

Business to Business TwitterThe Social Media Marketing industry is developing at a ridiculous pace, and many B2B companies are wondering, does the combination of business-to-business and Twitter make sense? Typically the business to business community understands the value of Facebook when reaching out to business contacts, however, show them Twitter and they hesitate a bit. After all, what can 140 characters do for their business?

Actually, a lot. Here are five things to think about when presented with Twitter as part of your B2B social media marketing package.

1. Twitter opens up conversation – Twitter is a very low barrier medium. You can literally start up a conversation with anyone that has a Twitter profile by mentioning them in an update or direct messaging them if they follow. With a simple bio search you can find anyone you dream up from the VP of Marketing for Best Buy Canada to the President of Ohio State.

2. Twitter is a fountain of real-time information – Companies that have active and vibrant communities don’t have to launch an expensive customer survey to get the temperature of their clients and customers. Launching a new product and want a few beta users that might help you spread the word after its release? Positioned well, all of that can be accomplished with a tweet.

3. Google loves Twitter – Google indexes all tweets and includes them in Realtime search results that can be found as an option on the left hand side of all search results.

4. Twitter can drive your website traffic and make you money – Here are a few facts and quotes that show how businesses are making money from Twitter

  • In the fall of 2009, Dell sold $6.5 million in U.S. sales just from links posted in Twitter.
  • Among senior managers who use social media for business, 41 percent use Twitter, according to a Business.com survey.
  • “I keep expecting to see diminishing returns [from Twitter],” says Bill Robb, social media marketing manager at Cisco, “and it just doesn’t happen.”

5. Twitter can improve your customer service budget - Consumers certainly are looking for help on Twitter. 58% of respondents to a USA Today survey said if they had tweeted about a bad experience, they would like the company to respond to their comment. Seeking out and responding to negative comments could solve many problems before they get out of hand.

Do you have any other reasons that business to business companies should be using Twitter?

Source: Splash Media

Splash Media Marketing Helps KPIX Take “Another Look” At Social Media

March 16, 2011

“As we saw in Egypt, we know it can start a revolution. But can social media sell?” That’s the question posed by KPIX-TV anchor Allen Martin this week for his story on social media and businesses, which included Splash Media.

A crew from the San Francisco CBS affiliate showed up for one of our recent Social Media Boot Camps for CEOs in the Bay Area. Martin interviewed Splash’s national social media marketing instructor John Larsen and got his take on how businesses should – and shouldn’t – use platforms like Facebook, Twitter and YouTube to connect with customers. Martin also interviewed a Bay Area car dealer and mentioned how social media marketing helped major brands Pepsi and Ford change their minds about Super Bowl advertising strategies.

Source: Splash Media

SplashCast: The REAL Burger King of Milwaukee

March 16, 2011

The restaurant business can serve up success for entrepreneurs – if they make the right connections with customers. Social media is becoming more of a key ingredient for that success, as restauranteurs learn to master Facebook, Twitter, Foursquare and YouTube.

Joe Sorge of Milwaukee may be the best example of this trend. Sorge and his wife own four restaurants there, including A.J. Bombers, whose off-the-hook hamburgers were featured in “Food Wars” on the Travel Channel. Sorge has used Twitter and Foursquare to not only bring in new customers and help out non-profit projects, but also to solidify connections with his community.

Sorge is the co-author of “Twitter Works: A Social Media Guide For Restaurant Owners.” He talks to SplashCast host Renay San Miguel about his adventures in new media and his newest project, Kitchen Table Partners.

SplashCast is a video series focusing on social media marketing for small to medium sized businesses. You can subscribe and watch more videos on our YouTube channel at http://www.youtube.com/splashmedialp.

Source: Splash Media

The View From Austin and South by Southwest Interactive

March 15, 2011

For 360 days out of the year, Austin, Texas is the live music capital of the world. For the five days of South by Southwest Interactive, it takes on an additional title: temporary global capital for technology and digital innovation.

Splash Media has a contingent at the 2011 SXSW Interactive, and its focus has been to seek out presentations and sessions dealing with social media/content marketing and customer/audience engagement.

A couple of conference highlights passed along by our intrepid crew:

  • Splash social media managers Michael Witt and Nic Miranda attended the “Flip The Funnel” session led by Joseph Jaffe, president of strategic consultancy Crayon and author of the books “Join The Conversation” and “Life After The 30-Second Spot.” Jaffe’s talk was all about keeping existing customers happy and using them as brand advocates.

    Some quotable quotes from Jaffe included “Retention is the new acquisition,” “Give the megaphone to your current customers,” “Influencers (bloggers, etc.) are not important. Your customers are the true influencers,” and “Marketing is not a campaign – it’s a commitment.”Jaffe said the days of 24-hour response times have gone the way of New Coke. “We are now doing 24-second response times via Twitter.” He also suggests that brands spend at least 33 percent of their advertising budgets on mobile platforms.

  • Mouyyad Abdulhadi was impressed with legendary technology maven Guy Kawasaki’s session, “Enchantment,” which is also the name of his newest book. The former Apple chief evangelist and co-founder of Alltop.com defined enchantment as the process of becoming likable and trustworthy, and having the ability to build relationships based on trust and reliability. He then detailed how that elusive quality transferred to customer service models and business relationships.Kawasaki’s top ten ways to be enchanting include “enchanting the people you work for, and enchanting the people who work for you.

If you were at SXSW over the Interactive weekend, please pass along comments on what you thought were some memorable sessions from Austin.

Source: Splash Media


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