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9 Immutable Laws of Social Media Marketing

December 10, 2009 By Jim Gilbert
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“What can I expect from social media?”

“What kind of return on investment will I get?”

“I tried social media and got no customers!”

These are the kinds of questions and responses I hear daily in my conversations about social media. Often I tell folks to set and manage expectations correctly. From these conversations I've come up with a set of nine laws of social media to provide all marketers with proper expectations.

1. Brand + time = revenue. The more time consumers spend with your brand and products, the more likely they are to buy. Engaging customers or prospects in social media channels increases brand/time.

2. Brand + channels = revenue. The more channels in which consumers interact with your brand, the more likely they'll buy. Offering multiple engagement channels allows for consumer self-selection of preferred channels. Being in the right social media channels based on your market increases channel interaction.

3. Brand + time + channels = advocates. Consumers spending time in multiple channels breeds customers more likely to become brand advocates and influencers. This is the new multichannel marketing model for the 21st century. Social media creates brand advocates and turns peers into your best salespeople.

4. Exponential search factor. Social media increases your search engine rankings and, when combined with your website, drives additional traffic via organic search.

5. The newfangled customer service factor. Consumers choose their contact preferences. Brands that don't have multiple channels for customer service risk losing customers. Consumers expect instant gratification, and social media delivers.

6. Behind-the-scenes factor. People don’t buy from brands; they buy from people. Social media puts a human face on the faceless corporate entity. Social media's biggest opportunity is to allow people to connect with your employees as peers.

7. Trust is the new black. If done correctly, the aforementioned laws allow consumers to build or rebuild trust. Social media harkens back to the days of the corner store where consumers and brands had a cordial relationship. Social media builds relationships over time.

8. The reputation factor. Whether you like it or not, consumers are talking about your brand. Social media is the great neutralizer. It allows you to seek out negatives and turn them into positives via reputation management and communications.

9. The time spent factor. Customers aren't always ready to buy. Social media prepares customers with all of the above over time.

Jim Gilbert is president of Gilbert Direct Marketing, a Boca Raton, Fla.-based catalog and direct marketing agency. His LinkedIn profile can be viewed at www.linkedin.com/in/jimwgilbert. Reach Jim at jimdirect@aol.com or follow him on Twitter at www.twitter.com/gilbertdirect.


 

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COMMENTS

Most Recent Comments:
juandoplitt - Posted on December 10, 2009
As clean and succinct as I've seen. One of the better lists in a long time. Thanks for tightening and packaging a complex discussion for us.
Jim Gilbert - Posted on December 11, 2009
Thanks for all of your comments. Let's challenge ourselves to speak and act strategically not tactically regarding social media.

Regards,
Jim Gilbert
Maggie - Posted on December 11, 2009
Hi Jim! I really like your list, and want to emphasize how important building relationships with your customers is. As you discuss, social media allows you to put a face with the brand, form trust, and inspire advocacy. The relationships social media enables a brand to build are invaluable. Also, noteworthy is being the right social media channel--payback on your time occurs when you find this channel and devote time to it. Thanks for the article!