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IN THIS CHAPTER

Accentuating the positives and eliminating the negatives

Latching on to the affirmatives

Integrating social media into your marketing plan

Evaluating the worth of social media

In the best of all worlds, social media — a suite of online services that facilitates two-way communication and content sharing — can become a productive component of your overall marketing strategy. These services can enhance your company’s online visibility, strengthen relationships with your clients, and expand word-of-mouth advertising, which is the best type.

Given its rapid rise in popularity and its hundreds of millions of worldwide users, social media marketing sounds quite tempting. These tools require minimal upfront cash and, theoretically, you’ll find customers flooding through your cyberdoors, ready to buy. It sounds like a no-brainer — but it isn’t, especially now that so many social media channels have matured into a pay-to-play environment with paid advertising.

Has someone finally invented a perfect marketing method that puts you directly in touch with your customers and prospects, costs nothing, and generates profits faster than a perpetual motion machine produces energy? The hype says “yes”; the real answer, unfortunately, is “no.” Although marketing nirvana may not yet be at hand, the expanding importance of social media in the online environment means that your business needs to participate.

This chapter provides an overview of the pros and cons of social media to help you decide how to join the social whirl, and it gives a framework for approaching a strategic choice of which social media to use.