We already are equipped with the most robust and least expensive toolset for communications that the world has ever seen. We possess massive distribution networks with tiny transmission costs. We are our own authors, publishers, printers and distributors.
Why do we seem wary of this new medium? Because resources don’t follow distribution in the obvious way as it did with the other media (radio, TV, films, outdoor). But maybe that’s not where we need to make an immediate margin?
Communication is now modular. We are meeting smaller, multiple challenges rather than tackling one major, simplified issue. We are communicating in a smaller way and having simpler conversations. We are the dial tone, the cinema and the radio channel put together.
Yes, bigger issues will still require managing. There will be those stories that need the larger stage. That won’t change. But you can do business without social media. You can implement the same marketing strategies and throw budget at those strategies in the hope that it will net some multiple of more traffic/customers/sales.
Most will be trying social media (and other Marketing 2.0 techniques). Just ask yourself, and your department, a few questions that Mitch Joel posited to see if you are ‘ready’ for social media:
- Are we willing to not just listen, but to respond and adapt based on the back and forth?
- Are we willing to become active participants — not just in our channels but in the other channels and spaces as well?
- Are we willing to change the focus from being on our company to being about everybody — us, them and the entire community?
- Are we willing to be participants with just as much fervour and passion when it’s not good for us, but good for the community or the industry as a whole?
- Are we willing to be really, really open and transparent?
Change is coming, and it’s not easy to understand. The economic downturn is rippling all over the world’s markets. And, yet, the needs, the goals, the returns that companies have to derive to stay alive in their marketplaces are higher than ever, too.
In 2009, communications meets a fork in the road. Same budget, two different tracks: larger scale, and tailor-made. You do larger scale to stay alive and afloat where it makes sense.
You do tailored, or smaller touch things like social media, where a more subtle hand is necessary to influence opinion-leaders in your marketplaces. The balance is not an easy one to strike but there are a couple of characteristics of Marketing 2.0 to help you get it right.
These techniques are measurable and there are some light-footed digital agencies who are dedicated to getting you big results for your buck. Talk to them and find out how to manage myriads of conversations with the same technology that allows you to hold this dialogue in the first place.










5 Comments
Social Media will realize the most aggressive growth among various marketing vehicles in 2009.
I have read studies that indicate, unlike $1 spent in traditional advertising producing $1.96, or direct producing around $11.00…Social Media produces over $63 on every dollar spent.
If your readers would like to watch an awesome webinar, please visit http://www.pragmaticmarketing.com/tunedin/tuned-in-social-media and they will be sold they must invest in this area.
Hiya, yer twitter link aint working on yer site. Thanks for following me. I managed to follow u from THAT link, not the one on yer site, if u know what I mean. Fin :)))
With all due respect, I have read hundreds of blogs and articles on SM, and not one of them, including yours, can adequately articulate what SM is, and how a client may use it to transform its marketing. I myself am probably guilty of the same thing in my posts.
Most SM posts really talk to themselves, and do not address prospects’ needs.
Feel free to critique my blog posts if you like.
I understand where you’re coming from, Scott (and I have had a look at your blog). I don’t think there are any absolute answers.
Assembling an optimum marketing mix has just gotten more complex with the semantic Web and social media.
Like you, we are trying to offer insights based on our experience. Steps of the road, the journey not the destination etc?
The other way to match social media tools to your business is to listen and monitor carefully for a period and see where your audience is using social media.
Use some of these 26 free buzz monitoring tools?
http://www.socialmedian.com/story/2452119/social-media-monitoring-tools-26-free-online-reputation-tools