social networking value Archives by Mark Murnahan

Can You Value Each Blog Post at $10,000?

It takes less than a single minute to find somebody willing to write a blog for under $10 per article. There are thousands of writers begging for business. Not unlike the phenomena that anybody with a camera can be a photographer, it seems that anybody with a computer is an eloquent writer. That’s fine, but with such a low cost to have a blog, it is easy to confuse cost with value.

What is the value of a blog article? There are obviously some variables, right? Do you know the variables, and do you value them appropriately? Some important considerations are the time or money to produce the article, its usefulness to the public, the accuracy and experience of the writer, and the longevity of its circulation. These are easy factors for many people to overlook, and can inspire a lot of confusion about the value of a blog.

When you consider your business efforts, we can all surely agree it is important to stop doing things that do not benefit the company. Doing things that cost the company more than they benefit the company is popular, and we see it every day. When done in enough volume, that kind of math will break even the biggest bank account.

Whether the benefit you seek from a blog is improved customer relations, brand awareness, attracting investors, increased sales, or otherwise; if you spend more money on blogging than its potential benefit, then it is time to stop it! This means blogging is worth some evaluation and serious consideration of the downsides, weighed with the potential benefits. Many companies fail to consider the benefits, and so there should be little wonder why some companies still do not have a blog.

I have written about good reasons to blog, and it is not filled with a bunch of talk about making money, but it does address the importance of value. Many bloggers will agree that it is important to give more value than we take. That absolutely does not mean to imply we should give more value than we receive … and there is the confusing part.

Providing more value than you take is just as simple as providing value. If somebody receives benefit from it, and you have not taken anything from them, except perhaps an email address, you have met this value objective. You gave more than you took, as it should be. At the same time, you have added potential for your own benefit. At least it should happen that way.

Value of a Blog Article From a Longevity Perspective

Many of the best blog articles remain useful for years, and it is why smart bloggers keep them around in a blog archive. Some people like to assume the latest is the greatest, but this is very often not the case at all.

I spend a lot of time preparing each of my blog articles, but I also expect them to perform very well for a long time. It would be easier to just whip out my thought of the moment and keep my fingers crossed, but that would not be worth as much to others, or to me.

I value the average article on my blog at over $10,000. This may sound totally absurd to some people, but only on the surface. If you look a little closer, it makes sense. Of course, the exact amount is between me, some taxation fellas, and my wife. The exact dollar value I place on a blog post is irrelevant for this example, but I’ll explain.

I should add that this is about business blogs, and not blogs about where your family spent their holiday. This is also about blogs, like most, that do not charge a subscription fee.

This subscription is free, so feel welcome to subscribe before you forget.

Subscribe by Email or RSS
or Subscribe in a reader.

In my instance, the math is easier, because I have been here on this Internet a long time, but each of us must begin somewhere. On this particular blog, this is the 77th article I have written in 2011, and the 334th since I re-purposed it in 2008. If I did not believe what I have written in 2011 is worth a minimum return of $770,000 ($10,000 each), I would not have done it. It took a lot of effort, a lot of time, and a lot of experience.

Here’s the part where people often get confused: That’s not just to say these 77 articles of 2011 will yield an immediate return on investment of $770,000 … but they will.

Consider how I look at this. There is an article I wrote about H1 tags on another of my websites. H1 tags are in the programming code of a website, and they are a web page heading. The topic relates directly to my industry, and most people who search for and find that article have an actual need for my services. That particular article has been there for over 10 years, and still consistently receives over 2,000 unique visitors per month from search engines.

Another instance is a little piece I wrote about screen resolution. I wrote an article explaining screen resolution, and also a handy javascript to help users open their website in a browser at different sizes to see how it may look to others. That particular piece receives well over 3,000 visitors per month … every month … for over ten years!

In a more recent instance, I wrote an article titled “How Much Does SEO Cost?” is The Wrong Question. I wrote that one in February 2011, and in the past week alone, I have received enough telephone calls from people who found that article by searching “how much does SEO cost” that I wrote new business proposals totaling over $50,000. Yes, just as a direct result of that single article … this week alone.

These are just a tiny sample to consider, but what about the many other hundreds like them which support them? They are not so shabby either, and each one provides value to readers, and also returns a value to me. Looking at it like this, doesn’t it begin to make sense what the value of an article may become, over time?

I count on each and every article on my blog to return its cost in multiples, and they do. Sometimes the exact dollar value is not obvious at the time you publish something, but if you are doing it well, the value will become clear, in time.

To answer my opening question of “Can You Value Each Blog Post at $10,000?”, my answer is yes! I believe you can, too, if you give it the appropriate effort, usefulness, and longevity.

Blogs Provide Compounded Value

We surely all heard how popular the Internet has become. When it comes to blogging, there is value on top of value. Aside from the value to me as a blog owner, the value to any given subscriber is often far greater than $10,000 if they implement the experience I share freely … even if they don’t pay me a penny. I feel really good about that!

Although many businesses may think of blogs as a burden, or that they must only be for purely altruistic purposes, they are an excellent source of additional business. This holds true for nearly any type of industry. For example, in my job role, this blog is the primary way people get to know what I do, and to discover if they want to hire my services.

Some people who believe that blogs are only for giving away free information and that nobody ever actually receives any business benefit from them may hate me for valuing this article at over $10,000. Some may even think I am evil or conniving for seeking a profit from my hard work. In their mind, it should just be about providing information for free … you know, like it’s a hobby.

I believe in giving away a lot for free, but the fact is that most people cannot implement everything I know by themselves. After all, I do this professionally, day in and day out, and I have done so for many years. Some of those few who do not know everything there is to know about online marketing call me to help them. The value to me of that minuscule few who do become customers is more than $10,000 per instance. So, again … my answer is an emphatic “Yes!”

What about you? Do you think a blog is an altruistic burden? How do you value a blog article? Go ahead … add your thoughts to my blog.

Social Media Self-Analysis: How Are You Being Influenced?

I think it is safe to say that some people are self-conscious when it comes to social media. After all, as an audience builds, it kind of takes on something not so different from public speaking. Many people are terrified of public speaking, and being on a stage where others can pick apart every nuance.

Scarier yet, social media is kind of like public speaking where everything you say is recorded so people can go back later and catch all of your screwups, point them out to others, and make a mockery of you.

Those public perceptions, especially the criticism, can change how you think, how you communicate, and how others will treat you. In fact, I believe that strong peer influences like this can create a profound impact for many people. Sometimes this is good, and sometimes it is bad.

I think it is also safe to say that there is another opposite end of this self-awareness spectrum where people have little or no consciousness at all. They really don’t care what others say, and they take little benefit from criticism or good advice. These are the people begging for you to follow them on Twitter, sending Facebook friend requests to everybody … from a business profile instead of a Facebook Page, and have an urgency to achieve over 500 connections on LinkedIn because if the profile says “500+” it will make them feel more important. They are the ones using tactics without a strategy, and may never understand the greater value of social media.

They don’t let criticism from others affect their actions, and they think it is all done in the name of marketing … which really irritates me. These are the people who will send you automated messages promoting their website that you have absolutely no interest in, and use their favorite keywords instead of a real name when they comment on your blog. It is almost creepy to even glorify it with a mention, but it has become a huge part of our online world.

Here are some examples of utter absurdities in social media that I have discussed, and I think each of them are worth a read. Other people thought so, too, and the reader comments are definitely worth attention.

Does Bad Influence Become More Acceptable En Masse?

We should question whether bad influence becomes more acceptable in large groups, or if it is just more tolerated. What we should be really clear about, though, is that it does not become more effective or useful.

Spam and other ineffective thinking is here to stay. As society has adopted social media as a preferred communication medium, we have each encountered even more spammers and atrocious thinkers than before. As social media begins to reflect an even more accurate cross-section of our world as a whole, the smaller thinkers and late thinkers come in greater abundance. A few will develop excellence, while the majority will try to slide by on the least possible effort. This is very well defined and quantified in the long-standing Pareto Principle, also known as the 80/20 rule.

This tends to affect us all, as we become more skeptical and we scrutinize things just a bit closer. Otherwise, in many cases, people just begin to believe whatever the masses (that 80 percent) tell them as they give up any “common sense” filter. After all, if the masses are saying that you need more Twitter followers, and you don’t already know any better … you must need more Twitter followers, right? It created a Twitter follower frenzy, and a similar frenzy is in place across other networks. It is absurd, but it is a strong reflection of where these people receive their influence.

As my father would sometimes question, “If everybody was jumping off a cliff without a parachute, would you jump, too?”

People Adapt to Their Surroundings

There is a whole lot of truth to judging people by the company they keep. I don’t care how hard you argue against this, it is a fact of life. If you spend enough time around people with a regional accent, you will likely develop an accent over time. If you consume bad information from small thinking people, you will begin to adapt to that, as well. People don’t even need to know the company you keep, because it is written all over you.

Fortunately, a similar type of influence occurs when you surround yourself with bigger thinkers, with better ideas. It is why some people try hard to leave a ghetto, while others settle in and join the gang.

I hesitate to imagine that the bad influences of social media are actually more influential than the more beneficial influences. However, what I can say for certain is that they are in much greater abundance, and can create a whole lot of noise.

The more tragic part yet is when the ones making the noise are the same ones I mentioned earlier that do not learn from criticism or good advice, because they don’t even hear it. It becomes a case of the blind leading the blind, and even helping to take away others’ vision.

Avoid Becoming a Schmuck!

Yes, I could rant on this kind of thing, but the question at hand is whether you give enough self-analysis to your online communications efforts. I think it is something valuable to consider, because it is what sets the tone of who you are, either as a person, or as a company.

Watching where you pick up your influence, and asking others’ opinions can be important to helping you avoid schmuckdom … or is it schmucknaciousness? It can also help you to avoid influencing others in a bad direction.

I was reminded of it today as I went through a list of new people following me on Twitter. I found myself making fast judgments about them, to decide if I should follow them back and get to know them. It all got me to wondering how I might look, on the surface, and before people get to know me. I was giving myself a cursory audit of sorts.

We often only have a brief moment to make an impression. I think it is important to be aware of those things we do which can tarnish that moment. It should not be so surprising that a lot of it can come from who we listen to and interact with.

I hope I have encouraged you to step back for a self-analysis. Try to imagine how others see you, and how much it is influenced by others. You may find that you are not making the best connections, or that you are accidentally imitating some of the wrong elements.

What do you think? Do you notice how the people around you affect how you think, and how you communicate?

Podcast: Play in new window | Download

9 Bloggers Who Teach the Value of a Strong Blog Community

There are some blogs I feel bad to neglect, yet delighted when I make time for them. They are the blogs where I intend to be more active, and I want to share some of those with you. These are blogs by people who truly understand the many good reasons to blog, and they work hard to be useful to their communities.

First, I want to explain a bit about why I am recommending these blogs, and how I think you can learn a lot from them. If you don’t have time read, just hit the play button (top of page) to flip on my podcast and skip right to the list.

Did you ever go to a blog and find that the other people there were actually communicating with you? I don’t mean just a short and pithy answer, but rather an actual conversation that takes place. I mean the kind of blog where you see the same people every time, answering questions, solving problems, sharing ideas, and actually conversing just like they would in a coffee shop, or over lunch.

I know some blogs like that, and I enjoy them very much. It is not only because of their topics, either … I enjoy the people. Of course, I don’t spend a lot of time with blogs about things which don’t interest me, but if these blogs were about termite ranching or how to grow poison ivy, I would still be there … time permitting. I learn from them, and on good days, they learn from me.

Tip: Acquaintances will come and go, but if people genuinely like you, they will not just watch you succeed. They will make you succeed!

Take a Lesson from These Blogs!

If you have ever wondered why your blog is not as active as you would like, as a community filled with familiar faces who subscribe and come back regularly to read your work, there is probably a good reason. If it is filled with stuffy language about your industry, it will make many people yawn. If it is packed with a bunch of “buy this now” language, it will make people feel like the vacuum salesman just arrived at the door.

News Flash: It is easy to throw you out and slam the virtual door on you. All it takes is a click! If you want to avoid that “click” of people throwing you out the door, I suggest doing some reading and participating. Yes, of course I want you to read every one of the 300+ articles in my blog archive, and I want you to share your thoughts on every last one of them. I also want to help you to meet others to inspire you, teach you, and keep you moving forward.

If you want to learn how to build a blog community where people come to read what you have to say, and to see what all their friends are up to, take a lesson from the blogs listed below. I am not listing them in a specific order, or even by their topic. I am lumping them together as blogs where you can meet and get to know great people … people you will probably like. In fact, if you like my blog, and if you like me, you will find a lot of similar thinking people in these blogs.

These are blogs where people interact, learn, and share ideas. Some of them represent overlapping service offerings, but they don’t compete … they collaborate. They are blogs where people come together, and not just to spam a link to their website, or wear people down by being a blog troll. They are blogs where the community is consistent, and where that kind of thing would be pinched off like a wet turd.

A couple of these may not have the highest level of community involvement, but in those cases, I listed them based on the people writing them, and their involvement elsewhere in blogs. I read these blogs and pay attention as much as time permits, and they are on my RADAR … right near the center.

How Do These Bloggers Do It?

I am an observant guy. In fact, it is an important part of my job to be observant. A commonality I see in these blogs is that they each have a lot of the same people. This makes it pretty obvious that it is not all just about the topic of a specific blog, but largely about the people. They meet and interact across many blogs, and it becomes very social. After all, this is social media we are talking about. So let’s be social, people!

You will see many of the same people commenting and interacting with each other at several of the links I will provide. It is not some kind of secret club with a membership application. The application is just to come and get to know people and not act like the new kid in town who has to prove that his bicycle is faster than the local kids. These are very real and human communities that represent the greatest value of online communications. They are about the people, and not about the technology that so many people treat the Internet as.

Why Building Your Blog Community Matters

Let’s look at this from a business standpoint. A lot of business blogs focus on how to get people to buy their stuff. They want brand recognition, and they want a return on their investment of blogging. That is the focus of a business … more business. A common, yet tragic result is that they overlook the even greater value in finding people who love, love, love them enough to recommend them to every friend, acquaintance, and complete stranger. Those other people are the ones you want buying your stuff!

Do you want to know why the friends, acquaintances, and complete strangers matter more? They add up … huge! There are multiple reasons, and I will give you some examples.

I will use myself for the first example. If you think you want to sell me something, just imagine how much more potential you have of selling your goods or services if you make me a fan and I spread it to the squillion people I encounter and who read my blog, my Facebook, my Twitter, and my honorable mentions of others. You don’t really just want to sell me something do you? Sure, maybe that is good enough if you are short sighted in your marketing, but the real value is in my community. If you grab my attention with your community, my community becomes your community. Now doesn’t that sound nice?

Neglecting and Irritating vs. Cultivating and Nurturing

Now, to snap you into a seriously messed up potential reality, consider what happens if you are doing this all wrong. How tragic it is if, instead of making me a fan, you creep me out. Maybe you come and lurk around my blog, and maybe even get comfortable enough to spam my readers.

What if you never took the time to know more than just that my blog ranks really highly for a squillion different industry terms, and you want to throw your name and website link in my comments. Consider the example of a company that does not comprehend the value of community, or how to work with others. I made a case study of a company called “Suture Express“. Search Google for Suture Express (Google search) if you don’t already know that story. I hold roughly half of the top 10 listings on Google for their company name and the names of each of their corporate officers. Trust me, it is not the stuff that helps companies sell more, but it is what happens when companies get SEO and social media all wrong, and ignore the value of building their network, and working within a community.

It is my community that slaps the piss out of companies who cheat, lie, and spam. Companies such as Suture Express and Ray Skillman Auto Dealerships simply cannot match the power of a community.

Why do I tell you this? Because it shows the value of community, and the value of having more people who know you, like you, and defend you than you have people who are indifferent, or even despise your brand.

What if They Say You Are an Awesome ‘Possum?

Next, I want you to consider how much more valuable it is for somebody else to say you are awesome than when you say you are awesome. As an example, I will say it right now … I am awesome! I am awesome like sex, bacon, and a cold grape soda. Awesome is my job. In fact, my new mantra is this: “My job is to create marketing as awesome as sex and bacon. Even when I fail, it is at least as good as ham and a hand job.”

Fine, some people will believe it if you say you are awesome. Some people will do the research to see that it is true, but there is still a much better way!

Now consider how valuable is it if somebody else says “Mark is awesome!” It kind of sounds more valuable then, right? There is an implied credibility when it comes from a third party. I hope you get the point.

Stop Playing Opossum, and Be More Awesome

Is Your Blog Community a Waste of Time?

When you hear words like “blog community”, it may seem like a completely crazy concept. It may almost sound impossible, or a complete waste of time. Where does it begin? Where do those bloggers meet all these great people?

Building your community will not happen very efficiently if you are just sitting there staring at your own blog waiting for people to come and add their comments or to send their friends. It will happen when you get out of your shell and make time to meet people elsewhere. Spamming your blog to anybody and everybody will not help, either. I could write a squillion page dissertation on that formula for failure. Here is some thought candy on the topic for you to consider: “How to Comment on Blogs and Why You Should (or Should Not)“.

The SEO lies you may have heard will not help you, either. Good SEO (search engine optimization) happens when people such as some of the ones listed below whip out their keyboard and say the equivalent to “Mark is Awesome” about you.

Awesome Bloggers Who Attract Other Awesome People

If you want somebody to say that you are awesome, you had better get started building a community. I said I have some blogs to list, and I don’t plan to let you down. Here are some good people to learn from. Watch them, get to know them, and meet the great people who contribute to their blogs. Find out why I took the time to commend them. If you do that, you will better understand the value of reaching out of your shell, and why building a community by participating instead of siting like a bump on a stump is worth every bit of the effort.

Ingrid Abboud’s Nitty Griddy Blog

Ingrid Abboud (a.k.a. Griddy) shows many signs of being nothing short of awesome. She is a great connector of like-minded people, and deserves the description I once gave her of “sweet, silly, and super smart”.

In a recent version of Ingrid’s “Superpost Sunday Weekly Roundup“, the blog is compared to Central Perk from the hit television show, Friends. It really is that kind of a place where all we need is Gunther the barista to bring coffee and we are all set. Do you make a great cup of coffee? Read this blog and find out why it is loved by many, and nobody is a stranger.

Erika Napoletano’s Redhead Writing

Erika Napoletano is a witty, intelligent, outspoken blogger who is a bit aggressive by some measures. I like her. In fact, I like her a lot.

Erika recently landed a gig writing a business column for Entrepreneur Magazine, and her rants draw people to communicate, for better or worse … usually better. You can give her a hard time about how loose she is with dropping the F*bomb, but she knows how to bring a crowd to their feet.

Considering that she is the author of “The Bitch Slap”, there should be little wonder about Erika’s free spirited style.

Mark Harai’s Blog: Define. Imagine. Master. Execute.

Mark Harai is a great guy. He lives in Costa Rica and, I’m not sure if he knows it yet, but I die just a little more every time he is on a beach while it snows here in Kansas.

Mark is the father to a squillion kids (actually just seven), and he is one of those guys you just know this kind of stuff about … because you like him. His likability sets him apart from others, and his blog consistently offers up thought provoking articles about business growth and better human relations.

When I find more time to break away, I will meet up with Mark for a tour of his local beaches. For now, we have the Internet.

John Falchetto’s Expat Life Coach

John is very active with several of the blogs in this list, and a heck of a cool guy. Here is his take on being active within the communities he supports: “Why commenting isn’t for you“.

If you can’t like a guy like John Falchetto, your problems are much worse than blogging.

One day, when I make it back to France, or he makes it here to USA, we will go and enjoy a day at the gun club. Until then, we will enjoy our two-way communications across multiple blogs we each frequent, as well as Twitter, Facebook, and anywhere else I can track him down.

Mark Schaefer’s {Grow} Blog

I have made a number of interesting trips to Mark’s blog, and I am a bit guilty of lurking without jumping in with my comments. I am not sure why this is the case. I am doing the same thing I wish people wouldn’t do with my blog (keep their thoughts to themselves).

We have a lot of the same friends, and I hope to get to know Mark more and become more active at his blog. A recent visit turned up this article titled “How do you REALLY build a blog community? A love story.“

If you like my community, I think you will like Mark’s as well.

Gini Dietrich’s Spin Sucks

This is another of those people, and blogs that I am a bit ashamed to neglect. It is all my fault, but it is on my “To Do” list, and blinking away on my RADAR.

Have a look at this recent article titled “Executives and the Ostrich Syndrome“ It is so sickeningly familiar to me that I didn’t even know how to reply … but I plan to … when I stop procrastinating.

Spin Sucks … and Gini knows it! Check her out and find out why I respect her work.

Ruhani Rabin’s Technology, Lifestyle, and Interestingness

Ruhani does not blog as much as he used to, but I like him, and I like his style. I have to give him a serious shout out here, because of his active participation across multiple social media channels. He has built a community that sticks with him wherever he goes, and whether he blogs often or not.

What do I really think of Ruhani? Well, I can say this: Ruhani is one of only a few people I put on the back cover of my 2009 book “Twitter for Business: Twitter for Friends“, and not just because he said something nice about me.

It seems very appropriate that Ruhani is VP of the company that created “Friendster” (friendster.com), because he sure knows how to make friends. Ruhani Rabin is one of the most friendly guys with a blog you could ever know.

Marcus Sheridan’s, The Sales Lion

Some call him Mufasa. Actually, maybe only Griddy (Ingrid Abboud) calls him that, but most call him Marcus. I don’t directly communicate with Marcus very much. I am not sure just why that is the case. I hope it is not because I gave HubSpot a harsh review once upon a time. I know he is pretty tight with HubSpot.

We bounce into each other on a lot of the same blogs, and we have a lot of mutual friends and acquaintances. I read his blog, time permitting. I kind of feel like I know him. That is a mark of a blogger who “gets it”.

Here is a recent article by Marcus about building a blog community: “Massive Blog Growth: Do You Really Have the Time it Takes?”

Jim Rudnick’s Canuck SEO: Canadian SEO for Google Success!

Jim Rudnick is one of those guys who soaks up information like a sponge. He is an “old-timer” like myself, who has been in the SEO business since most search engine optimizers were in diapers, eh?

Of course, with Jim being a Canuck, he feels more comfortable if you end each sentence with an “eh?” You know, because that’s what they do up there in Canada, eh?

Jim is active across many channels of social media, outside of his own blog, and because of that, I think it would be awesome to see Jim’s own community at Canuck SEO grow like a weed. Jim gives more than he takes, and you can find a lot of great blogs just by keeping a close eye on him.

Here is a recent article by Jim: “Affiliate Scams: I Must be Lost!” Stop by and say “hi, eh?”

My Summary:

I don’t read every article from every blog I subscribe to. I also sometimes forget to subscribe to some of the blogs I encounter. I have found many great blogs over the years, and I simply cannot read and respond to everything on the Internet. I try my best to keep up with the good ones, and I try to participate in the community, as my limited time allows. I will be working on this, and trying to give closer attention to these blogs. I hope that you will, too.

Now that you have the list, and I gave you some thinking points about working as a community, are you going to sit there like a bump on a stump, or are you going to kindly introduce yourself to my community of readers? You may just end up being the tenth blogger on the list. Go ahead … impress me!

Podcast: Play in new window | Download

What Did Farmers in 1951 Know About Social Media?

The 1950’s may seem like an early time for social media, but what I will tell you is the way social media has worked since long before it existed as you know it today. It is also the way social media at its very best still works in 2011 and beyond. You don’t have to trust me on this, but I think you will.

When my “Baby Boomer” mother was a little girl of five years old, her father died unexpectedly from a very fast progression of cancer. He was a successful farmer who used all of the magical farming chemicals of the day. Although the new technology kept the pests off his crops, nobody told him it would cause him to leave his family early, at only age 38.

When my grandfather died, farmers came from miles around to help harvest his crops for the sad widow and her three little kids that he left behind. They didn’t do it for self-seeking reasons, but they did it because it was the right thing to do. They were all a part of a community which came together for the benefit of one and all. They were a part of a social network that you probably never heard of, and it was called Mount Ida, Kansas.

Mount Ida, Kansas was a farming community where they worked harder than most men can survive today. They did a very good deed for my family, and they brought in the crops that my grandmother and three kids of ages three, five, and eight could not.

Were Those Farmers Just Crazy?

In today’s society, there are some people who may look at these overexerted farmers at the height of a short-lived harvest season as crazy. They left their own crops in the ground in order to look out for somebody else. This is the kind of thing that some of us are privileged to witness, and a few of us are honored to replicate.

You can say that people don’t come together that way anymore, or that things have changed and nobody cares like that these days. Sure, we see things like a homeless person being beat up and nobody coming to their assistance. We witness atrocities of all kinds. What you may be surprised to discover is how often others band together and do what it takes, like that community of farmers in Mount Ida, Kansas, and do good things for others without an overzealous hope for immediate personal or business gain.

As I said before, you don’t have to trust me on this, but I think you will. That spirit of giving and being good to others is making a comeback. It has always been an important component of business growth, but now it is more visible than ever. It is happening in social networks today, just as it was in the 1950’s. If you take a close look at social media, you will find many instances of small communities of people sharing what they can, and offering their hand to others.

Some are giving what they know, and others are giving what they have. Some are aware that by giving to others, they receive more than ever. Some just do it because they saw it somewhere else and it made good sense to them.

How Were Those Farmers Repaid?

Those farmers would not take a thing from my grandmother. Not even a hot meal. They did what they felt was right, and you can bet that their hearts swelled by doing it.

They have been repaid, in some way, and probably even far beyond just the good feelings it gave them. Doing good deeds simply cannot go unrewarded forever. It is against everything I know, and everything I believe. This concept is steeped in history, and was even the focus of my 2009 book “Living in the Storm: Creating Joy and Inspiration When Everything is a Mess“.

When you consider why these farmers did what they did, and what it repays them over time, then you understand social media better than ever before. They planted a crop within a community, and not just in their fields. They did something which made them more endearing, and showed that they were more kind than greedy.

The Give and Take of Monetizing Social Media

For as long as people have been giving, they have always had needs of their own to address. It was impossible for television to be completely free, and it took money to build those networks … a lot of money. The same thing is true for the Internet, and all of the useful information you find here. Whenever something is given, something must be returned … somehow, someday, it must be returned. It is why we have the term “what goes around comes around” and why doing good things are reciprocated in some way.

People are still talking about those farmers’ good deeds more than sixty years later. It begs the question of what we can do today so profound that people will recount it kindly in the 2070’s. Those good farmers did not intend, forecast, or otherwise expect this. Their word is still spread because being helpful was in their nature. From a marketing perspective, many companies can take a good lesson from those Mount Ida farmers.

I hope I have been a good farmer today, and that you will use this small piece of my thoughts for the benefit of others around you.

You are welcome to subscribe and keep coming back, but what I really love are those people who will talk to me. Please give me your comments.

Just one more thing! I thought I would give you some perspective, in case you wonder “where in the heck is Mount Ida, Kansas?“

View Larger Map

Podcast: Play in new window | Download

Building Equity in Social Media vs. Interruption Marketing

Interruption Marketing vs. Social Media

I know this may seem impossible in 2011, but I discover many companies that do not yet fully appreciate the value of social media and the long-term equity it can build for their business.

A lot of companies understand the value of their brand being visible in many places online, and some will understand the value of those people who help to grow its visibility. Only a relatively few actually look forward beyond the horizon to understand the greater value that social media represents over an extended time.

When I hear people say things like “we just don’t have time for all of that” or worse, “we don’t have the staff for that”, it always leaves me shaking my head. It reminds me why only a small percentage of businesses account for the lion’s share of their market. It is explained well by Joseph Juran’s well documented “Pareto Principle” named for Vilfredo Pareto. Many people know the Pareto Principle as the 80/20 Rule.

Consider the Interruption of Marketing

Think as a consumer for a moment, and consider the way you shut down to marketing. Think about how your brain just goes in another direction when companies interrupt you with their marketing and try to sell you stuff. We are each inundated by a constant barrage of commercial information about everything from A to Z in our daily lives. This is why we fast-forward through commercials on television, we screen our telephone calls, and we are seasoned to ignore advertisements on websites.

Interruption Marketing Train Coming Through

Unless you are really tired and vulnerable, you probably don’t stay tuned to that late night infomercial about something you really never knew you needed. Although, I can almost bet that you can remember a time when you thought “why in the hell am I still watching this?” Perhaps you can even remember thinking “Holy crap … I was about three seconds from picking up the phone to buy one of those” or even “Damn, I bought this … why did I buy this?!” It happens, and we each have our weaknesses, but let’s face it, we are far better adapted to turning away from all the hype. Otherwise, if marketers had their way, you would own one of everything, and you would have worthless crap in every nook and cranny, and stacked to your ceiling.

For the most part, we consumers make efforts to avoid these awkward moments which compel us to buy things. Why? Maybe it is just because, deep down, we hate saying “no”. If we can avoid the pitch, we can avoid wanting something, and thus, avoid saying “no” to our own urges, and the urges of those squillion salespeople out there.

Maybe you are different, and you enjoy that marketing interruption, but in that case, you are not like most people. I am addressing most people.

Marketing Got Sneakier With Social Media

Since there was so much information out there interrupting our days and nights, as a collective group, consumers became more cautious. We decided to make companies earn our business. Of course, the economy of the past few years has helped this along faster than ever. The timing was perfect for social media marketing to explode like a shot from a gun.

Maybe you like it, or maybe you don’t, but let’s face it, marketing got a whole lot sneakier. It became more targeted, and marketers became better spies. Effective marketing today utilizes more information, better strategies, and just a bit of James Bond 007-style of thinking.

Marketing Became Targeted and Marketers Became Better Spies

As consumers, we became more cautious and protective of ourselves. We got really smart and created clever ways to filter our television ad consumption, filter our email, and filter our social media.

In order to effectively reach us consumers, marketers have been forced to provide a greater value proposition. This is a hard concept for many companies to grasp. Today’s successful companies are giving before they take, and the ones giving the most are receiving the most.

Today, people are more likely than ever to make purchasing decisions based on trust, reputation, and a good old fashioned sense that the company gives a damn about us. We have come to expect it, and whether you feel this way yet or not, it is a sweeping trend. People want to do business with people, and with brands represented by people. The world is building relationships with brands, and those relationships are worth money … a lot of money. Missing this fact is a very costly mistake.

You can consider it sneaky, or you can consider it a welcomed gift, but brands are in our lives to stay. We will always need to buy things, and we buy from the companies and the people we feel good about. When the brand is there to help us with information, and with a legitimate desire to help us make good decisions, they win, and we buy.

Shortsighted Brands Damage Their Social Media Future

A huge obstacle which gets in the way of social media marketing is time. Companies want everything, and they want it right now. It is understandable, but when companies forget the importance and value of longevity, and when they feel the breath of their competitors on the back of their neck, they can be quite irrational.

Smart Companies Have a Social Media Vision

Smart companies look far ahead into the future. Rather than take a reactive and panicked approach to a weak quarterly report, they work with an eye toward longer goals. Strong companies can look farther ahead, and that is why they succeed farther into the future. Applying this to social media marketing means doing business the right way, and not simply with the urgency of trying to force a brand down the consumer’s throat. This means doing business on the customer’s terms and timelines, and not only in a one-way company-centric method of the past. Consumers respect companies for this, and they return with even more consumers following closely behind them.

What About Social Media Marketing Equity?

I know that for some people, it is easy to look at social media as a bunch of time-wasting crazy people who believe that somehow the world’s consumers will come flocking to their front door just by using a nice, soft approach and patting everybody on the butt with nice words. Well, maybe yes, and maybe no, but there is a very significant value in a good reputation. Reputations do not just happen … they are built. It takes a lot of effort to build a good reputation, and it takes both words, and deeds.

Anybody in business today should understand the value of word of mouth. What people say about a company, whether good or bad, forms consumer’s perceptions of a brand. More than ever before, they are not just picking up the telephone and talking to a friend, or talking about companies at a lunch meeting. They are talking about them in large groups such as Facebook, Twitter, LinkedIn, YouTube, and etcetera.

Whether the perception is good or bad, they will be talking. Either outcome cannot be controlled by a company, but when a company is not involved in their own brand message, they are missing huge opportunities. Even a negative statement made in social media is an opportunity to make things better with customers, and other potential customers who are silently watching.

People really do notice what companies are doing online. I realize that for a lot of companies, this just seems impossible, and they do not have a good grasp on how to track their reputation. Just because a company does not really “get it” does not keep them out of trouble. This would be about as silly as trying to talk your way out of a speeding ticket just because you didn’t read the speed limit sign. It just doesn’t work that way.

If you feel a bit lost about the value of social media, it is time to read the signs.

I will leave you with a video which I believe makes some very good points. I believe that this video titled “The Thank You Economy: How Business Must Adapt to Social Media” is well worth your time and consideration.

If you feel like you still have more to learn, please subscribe to my blog, and as always, feel free to email me or ring me on the phone. I am always happy to hear from readers and to brainstorm.

I hope that you have found this useful, and I would really appreciate your comments.

Photo Credits:
Skyline photo by Hackfish via Wikipedia
Train Crossing photo by Paul Heaberlin via Flickr

Podcast: Play in new window | Download

Value of a Blog Article From a Longevity Perspective

Blogs Provide Compounded Value

More Valuable Articles About Blogging

Does Bad Influence Become More Acceptable En Masse?

People Adapt to Their Surroundings

Avoid Becoming a Schmuck!

Take a Lesson from These Blogs!

How Do These Bloggers Do It?

Why Building Your Blog Community Matters

Neglecting and Irritating vs. Cultivating and Nurturing

What if They Say You Are an Awesome ‘Possum?

Is Your Blog Community a Waste of Time?

Awesome Bloggers Who Attract Other Awesome People

My Summary:

Were Those Farmers Just Crazy?

How Were Those Farmers Repaid?

The Give and Take of Monetizing Social Media

Consider the Interruption of Marketing

Marketing Got Sneakier With Social Media

Shortsighted Brands Damage Their Social Media Future

What About Social Media Marketing Equity?