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Here you will find tips, skills, and other information you can put into practice immediately after reading them. Our lions are hunting far and wide to bring you valuable and usable information. Feel free to share, subscribe, and comment! We love engagement and we all learn from such exchanges.

The Von Gehr Consulting Group, LLC, was founded by Erroin A. Martin to provide business coaching, consulting, and other services to companies both large and small. The primary goal is to have our clients be passionate about their business and reach the unachievable.

9 Realities About Social Media For Your Business

If you have been sitting on the fence or simply putting your toes in the water when it comes to social media, I am here to tell you that it is time to jump in.  The water is warm – heck it is actually hot! You should dive right in!  You need to for your business to survive.  Why?  That is where your customers and influencers of customers are.

Now… that being said… you need to understand the realities behind social media and control your expectations.  Here are 9 realities you must know before you begin your dive into social media:

9.  You Can’t Build Without Reading The Instructions

Business Coaching Direction

Directions Help

Unless you are my engineering friend who tends to through those pesky instructions out and always ends up with pieces left over, the rest of us have to read them.  The same goes for social media.  Learning where to be and how to interact is important or you run the risk of being frustrated.

Amber Naslund, who writes the Altitude Branding Blog, has done a lot of the hard work and rounded up a Best Of Social Media Learning post.  I recommend this as a must read before you even begin.  You will have better results and a better return on your investment of time.

8.  You must have a plan

Using social media for marketing your business and building a strong relationship with your customers requires that you have a plan.  Your largest investment in setting up the accounts and participating is your time.  As the old adage goes, “Time equals money.”  Just like if you were to buy advertising in a newspaper or on television, you are going to have a plan when it comes to engaging with people on social media.   This article written by Lon S. Cohen on Mashable.com, discusses seven items any enterprise should consider, makes it clear that you should have a plan.

This article by Cindy King, gives you seven ways to plan your social media so you can avoid the time wasting trap.

7.  You Need To Be Where Your Customers Are

Well it seems that you cannot escape a truism when it comes to business: Location, Location, and Location.  Just like it matters where you put your store, it matters where you choose to allocate your resources when it comes to social media.  If you are in the waste disposal industry should you be on Twitter? Well, it depends on the message

Twitter

Should You Be Here?

that you are communicating, but most likely not.

This article by Redhead Writing asks the question “Should You Be On Twitter?” She has got some important questions that you must answer before you even get started.

6.  You Need A Blog

First, a blog that is tied directly into your main website is a great way to feed the search engines and helps your SEO.  (Any SEO marketing company will tell you this.)  Second, a blog helps build your authority in your particular marketplace and the products/services you sell.  You know them better than anyone so why not write about them?

If you are a small business, there is a ton of data that demonstrates how blogs help your business.  Such as:

Small businesses have a larger reach on twitter through blogs

Active business blogs increase organic search (free) by 7 times over non-blogging businesses

Businesses that blog experience a 126% increase in leads

The above articles are from HubSpot.  Before you begin blogging, you should ask yourself if you are ready to blog.  When you determine that you are, make a plan and write.  Do not worry about topics as once you start writing you will find that there are a ton of topics you write about when it comes to your business.  This article by Denise Wakeman gives you thirteen ideas for getting topics and sparking your creativity.  She also has a post that shows you how easy it is to set up a blog in ten easy steps.

5.  You Need To Measure Your Activity

Measure Your Social Media

Activity Is Up, But What About Profits?

Like any marketing plan you want to measure the results of your activity.  There are number of tools you can use and most of them are free.  You need to make sure you are measuring the right metrics.  Are they conversions?  Are they site hits?  Are they comments to your blog?  The list can be endless and you can end up measuring the wrong ones.  The good news is that this article by Tom Webster Social Media Monitoring 201, helps you sort out the right metrics.

4.  You Need To Incorporate Video

Most of social media is written.  Tweets, blogs, and posts to Facebook are typically written.  Yet one of the most powerful mediums that can engage a very wide audience is video.  It does not require much capital and can help your product, business, and/or brand explode into an untold number of potential clients.

Coke and Lego have embraced the power of video as they continue to engage with their customers.  This article by Peter Wylie, gives you five ways to make a video a social experience.

3.  You Will Have Costs

Social media is currently seen as a free means to advertise.  It is not free at all.  You are going to invest time.  Whether it is your time or an employee’s time, you are going to invest it.  That time equals money.  While you are not paying to place information online, you are paying.  Once you understand this, then you will be in a better position to engage with your customers.  This article by Shelly Kramer, demonstrates how a company, like Starbucks, understood this principle and increased sales.

2.  You Need To Participate

Advertising is about perfection.  Delivering the perfectly crafted message to the perfect audience at the perfect time.  The medium interrupts, speaks out, and provokes a response by the audience.  Yet, it does not engage the audience.  This article by Molly Cantrell-Kraig discusses how social media is not advertising, but instead a forum to participate in a discussion between the brand and its customers.  By participation this means that there needs to be a person behind the tweets, posts, and blogs.   This means that your company has to be open to both the accolades and the complaints.  This means that you are not going to have total control but you will learn and build up a huge balance in your relationship account.

1.  You Will Not Immediately Make Millions

Participating and engaging in social media is not a get rich quick scheme.  It is a means to build respect, authority, and a strong relationship with your customers.  Social media allows you to showcase your talents.  Social media allows you to find customers that really want to buy your services.  Social media in the end is a community that you are part of and if you are a value to… you will make an impressive return on your investment.  Like anything else it is going to take time.  Just to measure your expectations against reality you should read how Amber Naslund made $100k with Twitter.  Then you should read the 25 realities behind social media by Tom Nixon.

Are you ready to jump in?  The water is hot enough!  Your business will thank you and your customers will become loyal fans that will rave about you.  Weigh your expectations against reality and engage your customers in the social media realm!

I am sure there are other realities about social media.  What have I missed?  How would you explain the realities of social media?  What other resources are out there?

About the author:

Erroin A. Martin is a Business Advocate with the Von Gehr Consulting Group, LLC, a business coaching and consultancy provider for business owners, executives, and entrepreneurs. He has fifteen years experience working within the pharmaceutical, manufacturing, natural resources, medical devices, software, technology, business services, and agriculture industries in various levels of leadership across six continents. He has led diverse teams in sales, marketing, planning, and in the Army.  He currently coaches business leaders and physicians in the tools needed to plan for their success. Learn more about the Von Gehr Consulting Group, LLC at www.vongehrconsulting.com or call +1 203 433 8079.  You can follow him on Twitter at @Erroin

The Von Gehr Consulting Group, LLC, was founded by Erroin A. Martin to provide business coaching, business consulting, and other services to companies both large and small.  The primary goal is to have his clients be passionate about their business and reach the unachievable.

Have You Checked Your Relationship Deposit?

What are the most successful businesses?  What is that they do that makes them unique?  How are they able to ride out a crisis after another crisis?

The first answer most likely is… they offer great products and services. I’d agree with that.  The second answer is… they compete in a unique market space or after a specific niche.  I’d say that is part of the answer.  The third answer is… they execute their plans to perfection.   Hmmm, okay I’d give you that one as well.  Here is a fourth answer:  These businesses have built up a tremendous amount of wealth in their relationship accounts.

What Is A Relationship Account

Tracking Your Account

How Are Your Deposits?

It is the trust your customers and everyone outside your organization has in you, your brand, and your business. This account is built slowly over time and cannot be rebuilt on a dime.  The relationship account represents your integrity, your outward perceptions, and your value to the community.  A relationship account lets you get the benefit of the doubt in troubled times.

…value is delivered free through service, information, and time.

A relationship account is one of the most valuable tools for any business – heck any individual.  It begins to be built up over time through the consistent offerings of valuable products, services, and information to customers.  What compounds the interest on relationship deposits is the continuing delivery of value to anyone that passes by.  This has traditionally taken place through volunteer activities, participating social gatherings, and being involved in the community.  That value is delivered free through service, information, and time.  Now with the interconnectedness of social media you and your business can provide more value to a larger audience.  This will bring exponential deposits to your relationship account.

How Do You Build Up Your Relationship Account

Your interactions must be sincere.

You make every communication you exchange, whether it be in person or online, about your audience and not yourself.  You provide valuable information and resources that

Currency Is More Than Money

How Much Is Your Account Worth?

your audience can use immediately.  You listen to your audience, you engage them in a meaningful way, and you thank them for their time.  Your interactions must be sincere.  You will have to be consistent in treating each member of your audience as the individuals they are. You will build a foundation of authority and credibility.

How Do You Use Your Relationship Account

It depends on the situation but it comes down to two types of withdraws from the account:

  1. One you choose to make by asking for business/favor
  2. One taken by the general community during a time of crisis

The first withdraw you get to choose when to use it.  It can be that you ask your customers or the general audience to follow you, purchase a product/service, or stand-up for you and your business.  If you have built up enough capital in your relationship account your audience will help you cash in.  If you have not, they will walk away and any good will you had tried to build up will quickly vanish.

The second withdraw you have no control over whatsoever.  Your audience and the general public control it during a time of crisis.  If you have worked diligently, sincerely, and openly to build up your relationship account then withdraws will be minimal keeping your reputation in good standing.  Your audience and your customers will rally around you, your brand, and your business.  If you have not spent the time to build up your account, they will be at the barricades with the pitchforks and torches.

Building a relationship account takes and time.  It is a process that is continual and must always be maintained.  Each business plan, marketing plan, and sales plan must take your relationship account in mind.  They must work to build deposits into your account.

Do you know what your relationship account status is?  How do you build up your account?

About the author:

Erroin A. Martin is a Business Advocate with the Von Gehr Consulting Group, LLC, a business coaching and consultancy provider for business owners, executives, and entrepreneurs. He has fifteen years experience working within the pharmaceutical, manufacturing, natural resources, medical devices, software, technology, business services, and agriculture industries in various levels of leadership across six continents. He has led diverse teams in sales, marketing, planning, and in the Army.  He currently coaches business leaders and physicians in the tools needed to plan for their success. Learn more about the Von Gehr Consulting Group, LLC at www.vongehrconsulting.com or call +1 203 433 8079.  You can follow him on Twitter at @Erroin

The Von Gehr Consulting Group, LLC, was founded by Erroin A. Martin to provide business coaching, business consulting, and other services to companies both large and small.  The primary goal is to have his clients be passionate about their business and reach the unachievable.

Business Coaching Congratulations To Rocky Mountain Roots

Rocky Mountain Roots Acupuncture & Herbal Medicine of Denver, Colorado, just had an amazing Grand Opening.  You can read about it here.

This is a congratulations video for them.

About the author:

Erroin A. Martin is a Business Advocate with the Von Gehr Consulting Group, LLC, a business coaching and consultancy provider for business owners, executives, and entrepreneurs. He has fifteen years experience working within the pharmaceutical, manufacturing, natural resources, medical devices, software, technology, business services, and agriculture industries in various levels of leadership across six continents. He has led diverse teams in sales, marketing, planning, and in the Army.  He currently coaches business leaders and physicians in the tools needed to plan for their success. Learn more about the Von Gehr Consulting Group, LLC at www.vongehrconsulting.com or call +1 203 433 8079.  You can follow him on Twitter at @Erroin

The Von Gehr Consulting Group, LLC, was founded by Erroin A. Martin to provide business coaching, business consulting, and other services to companies both large and small.  The primary goal is to have his clients be passionate about their business and reach the unachievable.