Authenticity in social media marketing – how important is it?

November 19th, 2009

NETT magazine, a sponsor of SME Technology Summit, recently published an article titled Which conversations are markets?, drawing on comments from our keynote speaker Mark Pesce, among others.

The article examines some key issues in social media marketing, including authenticity. It begins, however, by asking who inside organisations should be dealing with social media.

Futurist and media technology strategist Mark Pesce believes it’s everyone’s job.

“The strength of social media is that they empower individuals throughout an organisation to speak on behalf of that organisation,” he says. “Is this potentially confusing and chaotic? Yes. Get used to it. This is the way things work now.”

It goes on to look at how companies sometimes create fake online identities to say the things they want said.

At Nett we often say that building a following and credibility in social media takes time and hard work. You also need to be genuine, because audiences can spot a fake. However, there are a number of techniques one can use to push things along a little.

“Everyone does them, it’s just that no one will admit it,” says one new-media entrepreneur, who did not want to be identified.

One example was brought to a head recently when mUmBRELLA reported that Geoff Emerson, founder of marketing agency The Prosperity Principal, was looking to hire a social search consultant who would “take on a supplied persona and join in on the conversation” in social media to promote clients’ products. This concept of a ‘trusted avatar’ attracted a storm of controversy. (Emerson did not respond to our questions in time for our print deadline.)

Most of the experts we interviewed were dead against the idea.

“These practices make our relationships less trustworthy,” says David Weinberger, a senior researcher at Harvard University’s Berkman Center for Internet & Society and a co-author of The Cluetrain Manifesto.

“Eroding trust for personal gain is, in a word, evil. Oh, it’s not evil on the order of genocide or child abuse, but it turns our willingness to embrace others against us.”

“Under no circumstances,” says Pesce. “This is basically a fraudulent activity.”

The first key point is that it’s nonsense that “everyone” does it – people who steal from the cookie jar believe that others have the same ethics.

The second key point is that You Will Get Found Out, without question. Authenticity is no longer about how well you fake it. A transparent world is making what you do clearly visible to all.

The article finally looks at the practice of buying online “friends”.

Brisbane-based uSocial.net is one of only a few companies in the world that will admit to selling lists of followers on social networking sites such as Facebook and Twitter, which companies can then use to market to. (Founder Leon Hill also did not respond to our questions in time for deadline.)

Nett had to convince Pesce that people actually did this before he would respond.

“Money can’t buy you love,” he says.

“It can’t buy you friends, either. Simple as that. Connections predicated on cash are not the same as those drawn from the bonds of affinity. What you’ve got there is not a social network. It’s something else. That something else might still be useful – time will tell. But you’re not being sold a social network.”

Many more insights on how to engage (and how NOT to engage) in social media to build your business at SME Tech Summit!

How technology is transforming small business

November 18th, 2009

Small and mid-sized enterprises (SMEs) are taking a larger share of the business pie, and increasingly driving economic growth. This is one of the most important trends in business today, and one that will shape the next decade of business, work and society.

This powerful trend is driven largely by technology and connectivity, creating a world in which smaller, more nimble, better connected companies can outsmart their monolithic larger brethren, competing globally and tapping opportunities as they arise.

At the same time, using technology well in business is proving to be one of the most prominent drivers of success. Almost every aspect of business is becoming driven by technology. This is obviously the case with services businesses ranging from graphic design to even house moving. However this is relevant to every kind of organisation.

Gardening and worm farm retailers Wiggly Wigglers in UK, Caminito Argentinean Restaurant in the US, Brasserie Bread in Australia (Speaking at SME Technology Summit!), Martell Home Builders in Canada and many thousands of others around the world are examples of companies selling highly tangible, everyday products that have built outstanding success through the use of online social media.

There are six key ways in which technology is changing the very nature of how smaller companies operate today.

1. Findability
Customers look for and find businesses in very different ways than just a few years ago. Search engines, recommendations from friends on social networks, and online services exchanges are now how most companies are found. Marketing has completely changed.

2. Customer communication
With over six million Australians on Facebook and usage of other social media soaring, communicating with customers is shifting from to email marketing and beyond. The companies in the vanguard are building the most powerful customer relationships.

3. Productivity
Email and mobile phones have made us far more productive but also are in danger of overwhelming us. New online tools, such as Australia’s global success story RemembertheMilk.com, are helping to make business owners and staff far more efficient.

4. Collaboration
With staff working flexible hours, often from home or in their cars, the ability to keep on the same page is critical. Technology allows easy coordination of far-flung teams working closely together.

5. Outsourcing
Anyone can tap talented workers from next door or anywhere on the planet. Outsourcing used to be the domain of banks and telcos, now any company can outsource personal assistants, graphic design, research, or a million other tasks around the world.

6. Online revenue
With Australians expected to spend over $20 billion online this year, virtually every company is shifting their attention to how they can sell products and services on the Internet. It is a level playing field, where small can readily trump mega-business.

All of these issues will be covered in depth at the SME Technology Summit (http://smetechsummit.com), held in Sydney on 1 December, which will provide the tools for small and mid-sized businesses to succeed in a rapidly changing world. Come along to learn how to use technology to grow your business fast, build profits and leapfrog your competition!

Sky Business Tech Report: Interview on social media, online outsourcing, and how small companies are using technology to leapfrog big business

November 16th, 2009

I was interviewed this morning on Sky Business Tech Report. Some of the things we discussed in the interview are:

* How social media such as Facebook, Twitter, YouTube and many others change how companies engage with customers, become more efficient, and being competitive.

* Among the many Australian organizations applying social media, for example Westpac has been implementing blogging and other tools internally to improve effectiveness, and discount airlines and telcos are using Twitter to engage with customers.

* Online outsourcing platforms such as elance.com, Odesk, and freelance.com are giving the power of outsourcing to small business, enabling them to compete effectively with large companies.

* To begin to use online outsourcing, think about what tasks you want done, get bids, find new suppliers, and see what works best for you.

* It is important to recognize that the world is rapidly changing and that learning new tools and approaches is fundamental to business success moving forward.

* Managers and business owners have many resources to learn how to do these things. SME Technology Summit, other events, this blog and many other online resources are available.

* To get the most talented people to work for you, reward suppliers in ways more than financial, by making it stimulating, engaging, and fun to work and offering to share rewards.

Why social media matters and what to do about it

November 10th, 2009

In case you haven’t seen it yet, one of the most popular presentations on the ever-useful presentation-sharing site Slideshare is What the F**K is Social Media: One Year Later (which as the title suggests is a revamped edition of the original slidedeck).

It’s well worth a look through to get the impact of the prominence of social media today, and how businesses need to think about it and act.

We’ll be covering in detail practical issues of how to tap the power of social media at SME Tech Summit in Sydney on 1 December – be there!

What are the most useful social media tools for small business?

October 28th, 2009

Most business owners recognise that there are many social media tools that can help them run their businesses more effectively. The problem is sorting through the plethora of tools that are available today to work out what to use, and how to use it.

Mashable has come out with a useful list of 10 of the Best Social Media Tools for Business, mentioning:

1. Google Apps for Domains
Online email, calendar and office software
2. LinkedIn
Professional social network
3. Basecamp
Online project management tool
4. Facebook
Social network with fan pages, apps and other tools
5. Twitter
Micro-blogging for relationship building
6. Get Satisfaction
Customer self-support forums
7. MailChimp
Web-based mailing list manager
8. UserVoice
Tracking customer feedback
9. YouTube
Hosted videos for marketing, education and advertising
10. Monitter
Monitor Twitter for relevant conversations and comments

I can think of quite a few other applications that would be strong contenders for this list, including Salesforce, the Zoho application suite, WordPress, SocialMention, and Evernote.

What would you include on the list? What tools to you find useful in running your business?

There will be far more on the best online tools and how to use them to run your business better at the SME Technology Summit in Sydney on 1 December.

ABC TV: How business can create value with Twitter

October 26th, 2009

On a timely note, ABC TV ran a segment a few days ago on how companies are using Twitter to create value. SME Tech Summit will include specific in-detail coverage of how your company can use Twitter (as well as other social media tools) to build your success.

Comments made during the segment include:

* Experts say Twitter is here to stay
* Twitter has become a legitimate business tool
* When you don’t have much money to spend, Twitter can be an excellent way to promote your business
* You need to be conversational and human to engage your customers
* There are ways that companies in any industry to use Twitter
* It is hard to do properly, and you do need to be consistent if you start
* Twitter is here to stay as part of companies’ branding strategy

How small businesses can build success using social media

October 25th, 2009

The SME Tech Summit in Sydney on 1 December will focus on helping small to mid-sized businesses to build success through using technology. In the coming weeks on this site we will feature extensive content and studies that are useful to smaller businesses.

One of the key topics at the event will be how to use social media to build business – an important issue as people increasingly find suppliers by searching online.

Mashable today features an interesting post titled 5 Small Businesses Successfully Using Social Media – this is definitely worth a read. It gives brief case studies on how a diverse range of small companies including a mobile food truck, a cafe, a cinema, a rural store specialising in worm farming (image below), and an online clothing company have used social media to build their businesses.

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A few quick lessons taken from these case studies:
* Good use of Twitter, providing relevant updates with a personal tone, can be a strong business-builder
* Location-based social media can be a powerful tool for attracting a tech-savvy crowd
* If you have a dedicated following there are many new ways to engage with your customers and help them to spread word for you
* Share your expertise freely to attract people to your website
* Make interacting with your company a comprehensive social experience
* Make it fun!