A few weeks ago, I had the pleasure of sitting on a panel organized by the local Entrepreneurs network about social media. The audience was clearly a majority of neophytes from local businesses, agencies and even government. I think it was an eye opener for me as to what people have on their mind. For them, the 6 panelists certainly gave them tons of useful information. It was participant driven which was a great experience. My natural tendency is to discuss on this blog larger phenomena occurring in the social media world. I’ll therefore try to address those same questions a bit more regularly on the Extanz blog. For now, I want to focus on some of the points raised at the event….
Time devoted-to make effective? What to listen? How to listen?
I think entrepreneurs are even more wary about the time sucker that social media can be. Let’s just consider Twitter to start with as it’s probably the most straight forward one. If you’re lucky, and you have more than one

computer screen, I would pull up applications like Tweetdeck, Seesmic or PeopleBrowsr and start setting up searches, creating groups by interest. Scout for topics that your company is involved with, see what results come up. Tools like Twitter or Friendfeed are the most valuable when listening or monitoring that action. You or your company’s ‘social’ networks act as a knowledge guardian, you’ll be able to stay on top of what’s of interest to you (being the Tour de France or what are your competitors are up to, what customers/consumers are saying, etc). Most of these applications will allow you to create ‘columns’ or ‘groups’ that filter by keyword. Scroll through it, see what is being said and reply / participate if it’s worth your time. You can also share links or articles you find valuable or simply RT (re-tweet) with your comments. I would also advise using these tools in conjunction with Google Alert, Filtrbox, OneRiot and other similar tools which are much more efficient search tools than staring at Twitter all day.
ROI 101: Return On Investment 101
Throw away any of the usual metrics you’ve learned. Building relationships for a person or a brand cannot be measured as a statistical number. You will still see more followers on Twitter, more fans on your facebook fan page. Ultimately, if you share valuable content and engage in conversations, you’ll have a clear sign that people like your content. This clearly has a more powerful impact for you or the brand you represent. Also, I hear too often that people don’t use Google Analytics yet on their… this is a must have. If you expect to show any sign that your time is spent appropriately, Google Analytics will be able to show you this progress.
What percentage of your marketing strategy should be devoted to social media?
That will depend on your audience. The more you deal with tech industries and the knowledge industry, the more important it’ll be for your company. For example, a company like Crocs (not so much knowledge industry based) has one full time dedicated employee for Social Media (George Smith Jr) out of 3-4k people worldwide. Make sure to think about every activity you carry as a company and how to leverage social media in relation to those activities. Social media is not a marketing play, it’s a relationship play. Relationships happen at every step of a company’s value chain. Social media can fit in those segments. See what happens. Draw conclusions. Be creative. Repeat.
Some simple steps to get started:
Level 1- Join groups related to your industry in Linkedin or Facebook, engage there. This might be enough as some of audience is already there.
Level 2- Join twitter, start following 50 people who you care about as a company, start listening, share interesting news in your industry or localized content, engage where you can.
Level 4- Create a facebook page and try to get your other marketing activities to promote that facebook page. Link your Twitter account to your facebook fan page.
Level 5- Start a blog… this is a difficult exercise and can be time consuming, but it is still what can carry your business voice the furtherest. Remember that if you blog, stay away from clogging, don’t use this as just another ad channel (#fail).
There are 100s of things you could do, but start there. Your company’s digital footprint will benefit and you may be able to spend 1-2 hours per week without losing your boss’ trust. Finally, it’s more complex than it seems. If you want to be effective at it, getting help is usually well worth it.
Off you go,
Thank you for you great pictures: by quelquepartsurlaterre, ToniVC, john.d.mcdonald
I was recently at the
(>1000% year over year for February), other micro-blog platforms are pretty much extinct and Facebook has totally redesigned its interface to better compete with the unstoppable need for micro-blogs or ‘status updates’. We’re even seeing micro-reviews appearing now (e.g. Blippr.com (like reviews were actually long before
I was talking to Peter Olins last night at
Geeks and Shrinks. That’s who 
So this is the new geek kingdom……. now I know not everyone lives this way but even if these guys are 5 years ahead of their time, this is one heck of a future we are looking at! All in all, I have to say, my first foray to the Meetup was great. I learned a lot, not only about what a new geek looks like but also about new tech, and start ups that are popping up all over Northern Colorado. It was refreshing to see so much passion, intelligence and new ideas all in once place. This Meetup was my christening into my new found geekyness that working for Extanz has given me.


Conversation Drawers VS Sink Hole, FriendFeed kicks ass
5 05 2009- Pipes management: More than ever I can manage my rich media and social media activity from a single console. From Flickr, Youtube, social bookmarks, Disqus, Twitter…. or any web 2.0 tools you’re using out there, they can all be plugged into FriendFeed to share your activities. Of course you can feed (send your activity stream) to other places like Twitter.
- Bookmarklet (found here): This feature is what a mouse is to a computer. (Do you remember when computers didn’t have mouse? I don’t). The gist of it: I can literally grab any webpage, with any pictures or videos in it and share all that in rich media. Exempli gratia: sharing a page and photo from BBC below.
- Auto-refreshing: Every other network (Twitter, Facebook, Linkedin….) needs you to refresh the page if you want to get what’s new or updates on conversations. Here FriendFeed refreshes for you ‘live’ and superfast. I actually run Tweetdeck and Friendfeed simultaneously to compare both. FriendFeed is plainly ‘LIVE’. Conversations happen and you can track them overtime. In comparison, Twitter and to a lesser extent Facebook, are sink holes. It’s just hard to track things and they disappear if you’re not in front of your computer.
Any drawbacks? hmm… Oprah is not on there yet
Ok, you won’t find as many people but I find that quality is well managed here. I’ll certainly hang here for a while.
Now, where to start? Sign up here. Once you’re signed up, I would import your pipes:
Step 1: Go to Services
Step 2: Then find your friends: import friends from Facebook, Twitter….
Step 3: Participate. You can find me there: http://friendfeed.com/yannr
Cheers
Yann
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