social media strategy Archives - Page 4 of 9 by Mark Murnahan

Does a Slick Sales Pitch Work in Social Media?

Have you ever seen one of those slick sales pitches that seem to suck the money right out of your pocket? You know, like those vacuum cleaner demonstrations where they show you how their vacuum will pick up nails and screws, and even lift a bowling ball with its superior suction.

These are the sort of clever sales tactics where they show that even after all those nails and screws, it will still pick up the dirt that your tired old machine leaves behind. The dirty “proof” is right there in front of you, and you don’t really want your home to be that filthy, do you?

With all the filth of nasty bacteria and dust mites, it is only a matter of time until your kids get asthma, and the doctor bills will cost you a squillion times what their vacuum cleaner will cost. So, really, they are not selling you a vacuum cleaner. They are saving your kids’ lives, and keeping you from going bankrupt with all the medical bills.

This is really not a laughing matter, and it all goes to prove why you need the Sucker Sucker 4000! The massive power of the Sucker Sucker 4000 will suck up dirt better than the competition, but at a fraction of the cost. When you add in those medical bills, it actually pays you to buy this machine!

Plus, every spouse is more amorous when their back is not hurting. Think about how many times your wife complains about hauling that big old heavy vacuum up and down the stairs. She won’t be complaining of a backache with the Sucker Sucker 4000! You like sex, don’t you?

Guess what! Your tired old vacuum will do most of that stuff, too! It is a sales pitch, and it is not designed to save your kids’ lives. It is designed to get the money out of your pocket and into theirs.

The Tragedy of Social Media Pitches

There is no disputing the value of good marketing. Marketing is where the sales come from. Marketing builds companies, and puts the money in their bank account.

Marketing has changed, and many companies struggle to adapt. They are trying so hard to hold onto yesterday’s values, that their marketing sucks as strong as that vacuum cleaner. They are still trying to sustain the lies and deception of old-school pitches, and excessively boastful statements, while the market passes them by. The smart ones figured out that they just needed to provide the best offerings they can, and be honest, and their fans will do the boasting for them.

People got smarter, and many cleverly devised mysteries were revealed. The semi-honest tactics that used to bring in customers may still work for a while, but not forever. It mostly works on the naive, who do not take the extra effort to shop around and pay attention. Those naive and impulsive people are wising up. The most naive of all were the same people who took the economic collapse extra hard. They were suckered far too often, and now they are mad! The ease of comparison shopping and more cautious spending makes the slick pitches less effective.

Just look at my industry for an example. How many people in the SEO (search engine optimization) industry do you think have built up sales with sleazy tactics? I see it all the time, and when customers find out the SEO is a fraud, and their tactics are more harmful than good, they change their company name and go into hiding like Osama bin Laden. It happens a lot more than you may think. It is like those traveling magazine salesmen. By the time you realize you never got the magazines you paid for, they are in another town, scamming another would-be reader.

What about social media marketing? Have you happened to notice the massive number of people who became “social media experts” in the last few years? How did that happen? They were not trained in marketing, or have decades of experience, but now they know a bunch of buzz words and how to suck up bowling balls with a vacuum cleaner.

It happened because people really want to have hope, and that is the big con job of the majority of social media marketing people. They sell ridiculous hopes that they will save companies from destruction by setting them up on Facebook and Twitter. As with other industries, people are figuring things out the hard way, and now they are starting to shop more carefully. Many of the “social media experts” are not so expert once you lift the curtain and turn on the lights.

A strong case can be made about the uneven distribution of intelligence among our population. Yes, there are a lot of very unintelligent people out there who will buy anything! You are different, and I know that, because you are here and reading my blog. You have a higher I.Q. than a potato, so you can surely see beyond the common trickery.

Some Truth About a Sales Pitch

The truth about a sales pitch is that they are designed to bring you to an emotional peak, and then close the sale while you are still excited about the product or service. The numbers may vary by industry, but there is generally less than one percent of people who will come back for the purchase if the sale is not closed immediately at the conclusion of the presentation.

That is the old school pitch, and it is very hard for companies to let go of that power, and to work hard enough to earn a customer’s business based on truth and trust.

Even in cases where the sale is not made right then, the buyer’s decision has often been made. They are either committed to the sale, or further consideration of the sale, or they are not. This goes for any pitch.

How this is applied to online marketing, and especially in social media marketing efforts, is that the buyer has a lot more control of the sales pitch. The process is more long-sighted, and it allows customers to make better decisions. It also requires companies to work harder to avoid “no” until they get the “yes” answer they wanted.

Along with a social media pitch, customers will Google your name, check for reviews, and see if your equivalent to the Sucker Sucker 4000 is what you claim that it is. If it really is, they may decide to watch you and think about your product or service for a while, until they are ready to buy. That scares the heck out of a lot of companies, because it is so foreign.

The good news about the sales that come from social media sources is that the customer is often far more aware of the offering, and will be a better customer because of their higher level of confidence.

If you are doing your job right, the customer will pay attention. They will bookmark your website, subscribe to your mailing list, and they will think about the wonderful day when they will own what you sell. Until that time, it is your job to make it easier for them to remember you, and how much better they will feel once they make their purchasing decision.

Once they are your customer, it is your duty to be sure they love your brand enough to tell their friends, and give you positive reviews across the Internet. When this happens, the sales cycle comes full-circle, and you are on a path to growth.

Some Options for Your Sales Pitch

The way I see it is that you have some options to consider. There are many degrees of how much you will incorporate these extremes, and finding your perfect balance is important.

Option One: You could just keep sucking up nails and looking for more people to present your pitch to. You can keep dismissing the non-buyers as idiots and child abusers for leaving their home so filthy by not buying your Sucker Sucker 4000.

Option Two: Another option is that you show more longevity, take a long-term approach, and help others to do the selling for you. You can give the real facts, keep the hype a bit less creepy, and cultivate a customer base who love you for your integrity and fine offerings.

Option One focuses on short-term drama and urgency, while Option Two focuses on long term success and building trust in a market segment. There really is a good balance between short-term and long-term objectives for any company.

Long-term social media objectives often come with more pain in the short-term, and short-term objectives often come with more pain in the long-term. Sometimes success is a matter of determining your tolerance to pain.

Oh, and by the way … did you Google me, check my background, and subscribe to my blog, yet? Come back any time to read some more. I’ll be here when you are ready to do business. 😉

Photo Credits:
Arco Wand Vacuum Cleaner by Marxchivist via Flickr
23.4.2009 by Miika Niemelä via Flickr
Hey Dorks, Who Is Your King Now??? by Rob Boudon via Flickr

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Social Media ROI, Marketing Cost, and the Willingly Confused

Social Media Sends Mixed Signals

Many people have a very confused view of social media, and I can understand why. If you just look at all the ways social media is used, there should be little wonder how people confuse the issues. Some of the most bewildering concerns I notice surrounding social media are the return on investment (ROI) and the cost of social media marketing.

Millions of the world’s businesses understand by now that an investment in social media is vital to their success. Tragically, many of the same businesses are generally clueless about how and why they spend money with social media, and how to optimize their spending for the best results.

These same confused companies are further complicated by misguided notions that social media is limited to, or primarily intended only for personal socializing. They are the companies who question why a business would use Twitter, because that is where people announce what they had for lunch, LinkedIn is just for job-hunters, and Facebook is where old high school friends swap stories. That is social networking, and networking is important, but it is only one facet of social media. If you confuse this, and think that social networking is the basis for social media marketing, you will waste a huge amount of energy trying to sell to your friends, and others who already know you.

Believing that social media is just for personal socializing is a costly absurdity. It is the kind of absurdity that some companies will only discover after competitors have stolen away enough market share to demand attention.

Because of a lot of confusion, some people will say that the return on investment (ROI) of social media marketing is difficult or impossible to accurately calculate. I don’t think that is the case at all. If you have the right variables, calculating the ROI of social media becomes just another mathematical equation. The trouble is that so many people neglect or overlook the measurable data that really counts.

Social Media ROI Causes for Confusion

A first step to calculating the ROI of a social media campaign is to have a clearly defined campaign. That means having a strategy in place, and not just a list of tactics. It means producing a plan with a set of measurable outcomes. It requires creating and collecting customer modeling data, and using that data to reach your target audience.

Read the Social Media Signals

I have read and participated in a lot of conflicting discussions and possible answers about social media ROI, and most of it is very inaccurate or misleading. Many people will intentionally leave it open for a lot of confusion. After all, if people are confused, it is a lot easier to charge them money for things that are of little or no benefit. Calculating the ROI of social media is actually very basic, but that’s not what the failed real estate agent turned instant marketer wants you to believe. If they can convince you to just wait a little longer to see measurable results, they get paid more. Because of ignorance and greed, the debate of return on investment may never end.

In order to try and bring a little more clarity, let’s address two huge variables.

Social Media Branding vs. Increased Sales

Two very popular considerations for growing a business using social media are branding and increased sales. The two should work well together, but let’s face it, a brand can be really popular and still have a bigger drain hole than spigot. Even the most brilliant branding does not always make the sales hose filling your bucket as fast and powerful as the money drain leaving your bucket. There has to be a balance in order for the efforts to be sustainable and valuable to the company.

I find it very common for companies to lean too far in one direction or the other in their goals and attempts for successfully reaching their market. Confusing the value and cost of branding with the value and cost of increased sales is often when measuring social media ROI becomes completely muddled. Producing a balanced strategy is simply not as intuitive as most companies expect.

Building your brand name is extremely important. It builds recognition, trust, and sets your tone among the many other competing brands. It does not always have a proportionate result in sales. If you doubt it, look at it like this: You have probably encountered many great brands via social media, while it still didn’t bring you closer to buying from them.

In many instances, building your brand recognition will seem like it takes on a life of its own. When it gets to a certain point, it will grow and change, even without your input. People will talk about you more, and they will pass along your virtues by way of social media. They share your brand on Facebook, tweet about your brand, and they will become an influence to your brand (if you are paying attention).

Now, what about building those social-media-induced sales? All of the touchy-feely great branding and kind words about you can still lack a good reason to buy from you. There are a lot of companies I really like, but I am simply not their target audience. When I know somebody who can benefit from those brands, I pass them along. The brand reaches their target through me, and others like me, who become their connectors to their ideal target audience.

This is a fantastic outcome, but let’s face it, it is not always as efficient or as easy to come by as you may wish. It takes a lot of effort, and a lot of brilliance to produce a sustainable and self-propagating level of branding. It is a highly effective strategy for long-term growth, but it is also a very ambitious and frightening marketing endeavor in the beginning. Thus, a need for a balance between short-term and long-term marketing strategy.

Social Media Marketing is Branding, Advertising, and Much More!

I believe that some of the worst points of confusion in social media marketing come back to what marketing is, or is not. Both branding (long-term) and advertising (short-term and long-term) are extremely valuable when they are done well, but they require very different measurements to accurately calculate their respective ROI.

Which Way is the Right Way?

Companies often skip steps in their marketing, and then wonder why it is not measurable. This is especially common in smaller companies, because it is nobody’s full-time job to understand, monitor, and measure the company’s successes in this area. Instead, a lot of companies will try and “wing it” by assigning marketing tasks as an add-on to other job descriptions.

This is most profound as it applies to social media, but often because the people actually writing the checks have never had somebody explain the value and potential of social media from a marketing perspective. So they often just pin a badge of “Marketing Expert” on an unsuspecting employee who seems to have some aptitude (has a Facebook account).

When you decide how to set your prices for something, it is marketing. When you perform a market feasibility study, it is marketing. When you accumulate customer modeling data and use that information to better understand what people want and need from your company, it is marketing. When you set up a new Facebook or Twitter account and cross your fingers and hope for amazing business results, that is not marketing. That is dreaming. Dreaming is not measurable, and only seldom is it profitable.

Aside From Being Social, Why Should People Buy From You?

Without an expressed reason for people to become your customer, efforts will generally fall into the category of branding. This includes when they are right there on your blog, where you want them to be. As an example, I use my blogs and social networks for reaching out to be helpful, and that emphasizes my branding. When I say “I take coffee and cigarettes and turn them into better SEO and social media marketing.” … that is my brand. All of that helpfulness and broad recognition in my industry is great. It leads to many opportunities, but it is not what actually makes the sale.

On the other hand, when I say “Call me to find out how I can help you to grow your business with a measurable return on investment” … that is advertising, and that is also marketing, but it is not branding. It is how I earn a living, and it is what improves my social media ROI. The branding is just what makes more people comfortable to call, and confident when they write me the check.

As you can imagine, when it comes to spreading a word far and wide, branding statements and being useful to others will often reach further and faster. This is because they are generally non-threatening to anybody. While, although this information is good food for thought and useful to many, I have already diminished much of its social media reach by making an advertorial statement (above).

Regardless how useful what I wrote here is, many people will be far less likely to share it with others. Part of that is due to cynicism, and part of it is due to competition. It takes a lot of branding to make up for and repair cynicism and people’s disinterest and distrust toward advertorials, even within a useful context. This is why I say that a balance is very important.

If you do not understand and differentiate the value measurements of branding and the value measurements of other areas of your marketing, calculating your return on investment will always be a bit cloudy and confusing.

Am I wrong? Go ahead and tell me why and we will hash it out until one of us agrees. 😉

Related Articles:

Photo Credits:
Confused Traffic Signal by caesararum via Flickr
Confusing Signals by Luis Argerich via Flickr
Confusing Signage by Tara Hunt via Flickr

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Social Media Profiles: Keywords, Company Names, and Humans

Have you ever seen those social media profiles on Twitter, Facebook, or elsewhere that use a company name and logo instead of a human name and a photo? Of course you have seen those. Pepsi, Doritos, McDonalds, Ford Motor Company, and a good number of others do that.

What about those profiles that are based on some presumably important industry keywords? You can see those on Twitter, and even more prominently on blog comments, but not likely from successful companies.

If you don’t know what I mean, you can see some comments from people such as “Custom Logo Design” right here on my blog. I let some of those remain, when they are not offensive, and when they don’t just drop links to their agenda in the comment text. All the same, they are missing a much greater benefit. Until they learn the importance of human connection, they will never know just how much they don’t know.

There is a right place to use a company name, and there is a wrong place. For example, Facebook profiles are not for companies (Facebook Pages are). If you don’t know when to act as a company or when to be a human, you are surely wasting a lot of effort.

Even if you are communicating on behalf of a company, there are many instances when placing your company name first is like shaking somebody’s hand and saying “Hi, my name is Acme Widget Company. It is nice to meet you.” Maybe you do that, but I’ll bet big money that you could sell a lot more widgets if you were a person.

It seems that many people misunderstand this concept of human instincts, and the importance of emotion in business. In fact, this article was inspired by a question I recently received questioning the best usage of Disqus when commenting on blogs. The question was as follows:

“One question if I may ask, is it better to have co. name in discuss profile or keywords?”

At first, I thought it was the worst question I heard all day. Then I realized how common it is for people to think that spreading their company name will be more helpful than giving people a reason to like them as a human.

Why Do We Prefer Humans? Because We Can Choke Them!

Companies build respect and trust much more effectively based on actions of people than by advertising the company name. This goes for huge corporations, and it goes for small “John and Mary Lunchbucket” companies. A big brand may have implied trust, and you may not worry about whether they are going to rip you off at every turn. Even in those cases, there is a far greater level of trust when there is a personal contact at the company who you can complain to, complement, or reach out and choke.

When you have a name, face, or voice, to go with the company, you have a real person you can hold responsible for doing what they say. It creates a feeling of personal accountability, and that builds trust. That person, whether in reality or perception, binds the company to doing what they tell you, and they become the company. Have you ever tried to wrap your fingers around the neck of a company? It just isn’t as satisfying.

Big Brands Get This, and We Appreciate Them!

Maybe you didn’t notice this, but three of the four companies I mentioned at the top of this article have names and faces prominently associated to their brand name. Below are some examples of companies putting names to their social media profiles. This not only benefits the company by adding a name and a face, but it also creates the understanding that even if they screw up, they are human. Humans make mistakes sometimes.

Pepsi Shows Who is Currently Serving Tweets

Ford is a Classic Example of Making Personal Connections

Yes, Humans Make Mistakes … Just Ask Red Cross!

Some companies worry that if they put a face with the company name, the human may make them look bad. After all, if Scott Monty from Ford was arrested for running naked through Central Park and screaming “Buy a Ford or I punch the old lady!”, it could look like Ford made an error in judgment. Of course, I doubt that is going to happen … right Scott?

Embarrassing moments do happen in social media. A classic one was when Gloria Huang of American Red Cross accidentally tweeted the statement below using the the wrong Twitter account.

Ryan found two more 4 bottle packs of Dogfish Head’s Midas Touch Beer…. when we drink we do it right #gettingslizzerd

Red Cross had a great response for that, just as they do for natural disasters. I suspect that even the most critical Red Cross supporters were forgiving after Social Media Director, Wendy Harmon’s response. Here is what she said:

Even today, just as I was writing this, they are not hiding the incident. I asked a question as follows:

Nearly immediately, I received two replies, first from Gloria, and then from Wendy. Here are the replies:

There were several other exchanges to follow, including birthday wishes to Ryan, and even Dogfish Head Brewery chimed in.

It was all a very human interaction, and a lot more friendly than communicating with a faceless institution.

Humans Achieve More in Social Media

Even with all the reasons people dream up to hide behind a company name or their favorite keywords when interacting online, humans win! Maybe you think that using your company name will bring more recognition to your company. Maybe you think that using your keywords will bring more web searches your way. Maybe all of the successful instances of being a human in social media are just lucky accidents.

Believe what you will, but my name is Mark Aaron Murnahan. I will take that over SEO and Social Media Marketing Consultant any day!

Oh, and one more thing! You may send your birthday wishes to Ryan, c/o Gloria Huang.

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Social Media Compared to Kids on a Field Trip

I recently attended a school field trip with my second grade son, and I heard social media on the school bus. As the kids boarded the bus, the sound of 40 kids filled the air. The driver gave them some “noisy time” before we hit the road, and they took full advantage of it.

Each kid had something to say, and when they felt they were not being heard, they each became louder. It really was a lot like social media in this respect. Nobody was being heard any clearer at a higher volume than when they were quiet, and the distractions made communication even less effective.

Once we were on the road, the kids screamed with excitement with each bump in the street. It was social media’s equivalent of Apple launching a new iPhone that could make an endless supply of bacon magically materialize.

The parallels between the sound of kids and social media were numerous, but one that stood out was the kid who quietly raised his hand and asked for a teacher’s attention. He was the first to get the attention.

A few of the other kids learned that simply leaning close and speaking quietly was the best way to reach their intended audience. Then, if it was something really important or interesting, the message would spread across the bus, from one row of seats to the next. It actually worked as easy as that, and it formed a great picture of how social media works.

When everybody is making noise, sometimes all it takes is a well-placed whisper to make a greater impact than screaming into the masses.

The field trip was to a farm expo, where the kids learned about where their food comes from, and the many important tasks of farming. There were hundreds of kids attending from schools all across town. It was the responsibility of the volunteers and teachers to help them enjoy the trip, learn, and then deliver each of them back to the correct school.

Kids are very social creatures, and they love to mingle. Keeping our school’s group where they belonged, and holding their attention on the course was a bit like herding cats. The best way to reach them was often just as we had seen on the bus. Simply tapping them on the shoulder, giving them a bit of friendly instruction, and encouraging others to follow their example worked exceptionally well.

The Field Trip Was Fun and Educational for All

By the time we returned to the school and disembarked, I realized that even as they grow up, some of them will understand the value of a well-placed whisper, and others will just keep trying to scream across the bus.

Some of the kids joined in with existing conversations, and added to them productively. They were given opportunities to communicate and share their perspectives. Sometimes the conversation even went right where they wanted it to.

Other kids screamed to create their own conversations, but a frequent outcome was that they only added to the noise. They were not talking about things the other kids wanted, and they were a distraction to the others as they tried to force their topic.

I hope you can see the similarities, and that you will be encouraged by the lessons of these second graders. For me, it emphasized that one is never too old to learn, nor too young to teach.

What do you think? Do you see how we can all learn from a second grader?

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Hourly Rate for Setting Up Social Media Profiles?!

My blog is often inspired by things that happen in my real life. It is easier to tell something from experience than to make things up. Sometimes those things which happen in real life make me want to scream! I am going to share a good example.

I received a call from a friend yesterday. My friend was seeking some advice about social media, so I was delighted to provide my assistance. The question created one of those moments when I want to scream, pull my hair out, and choke people. My friend wanted to know how to set an hourly price to set up social media profiles for companies.

The question was important to her, because an advertising agency she works with had come to her asking for an hourly rate to help set up client’s accounts on Facebook, Twitter, and etcetera. She was caught off guard by their request, and so she asked me for an opinion of what it is worth.

My friend is a relatively popular blogger, and avid user of social media, but she is not really in the business of social media marketing. Strangely enough, they thought she could help. Since she does not want to turn away business, I feel for her dilemma. In this case, I suggested that providing a service that creates a zero net gain, or even a loss to the client is a good reason to either further educate the client, if they are open to learning, or to walk away from the offer.

I suggested that an hourly rate for setting up social media profiles, as with any other marketing or public relations service, should have a basis in the value to the client. In this case, the value would be minuscule, if not negative, and I explained some reasons this is the case. Of course, it began with the logic that any company who needs somebody just to set up their profiles is not likely to use those profiles for any significant benefit.

Creating social media profiles has extremely low value without a strategy, and without the manpower and mindpower to use them well. If they had that manpower, and more importantly, the mindpower, they wouldn’t need my friend at all. It all got me to thinking that it is like a dog chasing a train. What will the dog do if he catches it? The dog doesn’t know, and so the dog will not get much benefit from the chase.

I want to tell you a couple reasons this is a formula for failure.

Social Media Profiles Do Not Provide Value!

I understand that this may not make perfect sense to everybody, but I am going to try to make this easy. Sure, there are a lot of people who do not know how to get their name on Facebook, or how to create a Twitter username. My mother would not have a Facebook account if I had not set it up for her. My mother is not running a business and trying to promote her name, either.

Think for a moment … If my mother was in business, would it make sense to have somebody set up her account just so she could say “I’m on Facebook and Twitter”? What good is that? Is it so that people who already know who she is could magically flood her with new business? Why would they do that? Let me tell you the truth about this … They won’t!

The value of social media comes when you actually give people a reason to chose your company over the squillion other options out there in the marketplace. If you don’t have a clear reason for people to choose you over a competitor, or to recommend you to their friends because your company is awesome, what is the point? Is it the visibility that is so enticing? I want to assure you that there are millions of visible people who are failing in business. Having a social media profile is not going to make you more successful, and is very unlikely, in itself, to make you more visible.

A lot of people obviously do not yet understand that social media profiles are not going to spew crude oil or reveal a hidden gold mine. Perhaps everybody around you says “You have to be on Facebook” or “There are people making tons of money on Twitter.” The thing they don’t tell you, and probably do not realize, is that social media is not like a Hollywood “Field of Dreams” method for easy success.

This mentality is something I really try hard to understand, and I even try to be compassionate and patient about. The challenge is that when I explain it to people with solid proof, but they still have to learn things the hard way, I end up feeling bad for not having the strength to help them. That is crazy, right? I should not feel guilty for other people’s unwillingness to believe the truth, but I still do.

What About the SEO Value of Social Media Profiles

A lot of people seem to be convinced that there will be a big SEO (search engine optimization) benefit by having a lot of social media profiles. Social media can have an amazing impact on search engine rankings, but it is not why some people think, or hope, or would ask you to believe. The benefit comes when social media is used well, and more of the right people learn about your offerings and share it across their networks and link to your website from other places, such as their blogs and websites.

I understand how the false notion can seem almost logical, because each of those social media profiles will have a link to their website, and more links are a good thing.

There really is a lot of SEO value in social media, but it takes more than just setting up unused profiles. Otherwise we would all be in a race to have the most social media accounts. Some people are, but not the wise ones … not the informed ones. If you ever actually thought that the SEO comes from unused and unknown profiles, think again! Of course, most of the people seeking to pay for such a service would never take the time to read and learn about this, but for your amusement, I offer you some articles on the matter as follows:

100 Social Media Profiles or 1,000 … How Much Do You Want to Waste?

There is a constant pipeline filled with desperate companies hoping and begging for a quick and easy fix to increasing their business’ profit. However, with each company that sets up their social media profiles and endures the failure of short-sighted thinking, comes dozens of their friends and colleagues who will learn from their failure. This means that the pipeline will eventually slow down, and people will have to start thinking before they earn.

When Marketers Sell Negative Value, They Destroy Their Own Market

There is a rule in marketing that a lot of people try to overlook, but it is to their eventual regret. Regardless of the client’s request, it is the duty of a marketing professional to be sure that the client receives more value from the relationship than its cost. This goes for advertising agencies, independent marketing consultants, and in-house marketing departments.

The rule works like this: If the client / company receives less value, in the way of increased business, than the cost of the marketing efforts, it is not sustainable! Trying to work around this rule is like rubbing a lamp and hoping that a money genie will somehow magically come and make up for the screwups.

I realize that the conventional thinking is to give the client what they ask for, and to take their money. I see that as a huge mistake, and proof of a marketer who does not adhere to the same standards they expect of their clients. Good marketing consultants help clients to maintain their marketability and to avoid taking hazardous shortcuts. If the consultant just takes the money and gives a client what they ask for without questioning it, they are not doing their job.

As long as people are set on believing the myths of social media rather than the truth, they may as well say a toast to their own failure.

My Answer to This Question

My answer, if somebody asked me how much it would cost to set up their social media profiles would be something like this:

It will cost a bare minimum of $5,000 per month, and quite easily over $25,000. It will come with a whole lot of market research, strategy, implementation, and a well-forecasted return on investment. That means it will pay you a lot more than you pay me, but that is only if I believe in your company enough to hang my reputation on it. That does not happen with companies who are resigned to believing that simply “being on social media” will increase their profit. Thank you, but no thank you.

If you run your business by placing cost above value, you are making a big mistake. Instead of pouting about how much a successful marketing campaign will cost, it is better to focus on how much it pays. Then the more important factor is how to get your hands on the money it will take to achieve the results you are after.

Related Articles:
Yes, I put these here for you to read. I think they can help to emphasize why simply setting up social media profiles without a good strategy is a waste of time and money. You already have an idea whether you can afford me or not, so don’t worry … I am not selling you anything, and my prices will not go down just because you read more of my blog. Enjoy!

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