1. Product & service improvement

2. Company reputation improvement

3. Sales people cost nothing (for now) Social Media helps identify new sales people for FREE!!!! These brand influencers and brand ambassadors will help strengthen your brand by telling real life stories of how your products and services have helped them professionally or personally and this is critical for sustained growth over the next 5 years- this I can guarantee. Reach out to them before they go to you competitors.

4. Old Sales Tactics are replaced by Social Selling – We now tell our friends/ colleagues/ partners whom we are connected with online about our experiences (good and bad) and depending on your “social influence” this affects the buying decisions of products & services of your firm.

5. Transparency, Truth, and Timing Are now embedded in model companies and aren’t just terms companies throw around anymore, but actually reflect on their culture. (i.e. Zappos, whole foods, Gary-Vee (Wine Library TV) etc. Either you are in or out, no 1 foot in half @#$ stuff! And if you try to be in when your out, you will be labeled as OUT!

6. Everyone has a voice– Media outlets fear the truth because everyone has a voice now, & this is growing exponentially.  Is about giving the power back to the people or consumers who have been advertised and marketed to all the time and have pushed them to the limit.  People and consumers want to be engaged or recommended a solution or product from their peers now NOT advertised to.

7. Competitive Advantage, First Mover, and Business Strategy All tie into Social Media Marketing (If you don’t know what these terms mean look them up or go to business school)

8. Change is no longer talked about, its now about ACTION-great leaders will surface in organizations who are embracing this opportunity to get ahead and develop their circle of influence to promote this change, plan, execute, train, and track (ask us for details on these services- we have a proven system)

9. Google pay per click declines, email marketing declines, and Social Media takes over (I now check twitter more than my email- much quicker for me to say less but still have more of an impact than writing a huge email) Plus- this forces creativity and improved communication (learning to communicate with “less” is the new “more”.)

10. Communication is still the key– Social Media is just a new form of communication that businesses are now accepting as part of their marketing mix. Companies wanting to get involved with social media, be prepared, you will need a budget. When you get one, talk to me or one of our team members.

Anything you’d like to add? Agree/ Disagree?  Would you mind leaving your insight on this post below? I’m interested in hearing from you.

Please re-tweet this post, share, and let other business professionals know about this top ten list. This is extremely useful for the business community in which we are educating, training, and consulting on the business application of Social Media. We have been for almost 1 year now. Thank you

Justin R French

CEO Social Networking San Diego

Tags: Business, Marketing, Social Media, Social Networking, Twitter

This entry was posted on Sunday, November 22nd, 2009 at 10:26 PM and is filed under Business Advice, Small Business, Social Media Marketing, Social Networking. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.