Archive for the ‘social networking’ Category

iTunes U: The Business Tool You Aren’t Using (but should be)

Tuesday, November 10th, 2009

Didn’t go to Stanford for your MBA? Well, now you can. Top notch universities in the US and abroad, business schools, museums, public broadcasting stations and state education organizations are all part of YouTube EDU, Academic Earth, MIT Open Course Ware and iTunes U which offer free downloads of educational podcasts or videos. These presentations cover a range of topics from VoIP security forums to language courses. iTunes U is the most popular platform for these free downloads. iTunes U’s popularity is most likely attributed to its promotion of free and mobile learning. Although released in 2007, not many users are maximizing its true potential. iTunes U has the prospective of creating a more empowered business person.

How it works:

iTunes U is accessed through iTunes and is found at the top of the menu bar. The podcasts can be downloaded individually or you can subscribe for automatic downloads as they become available. This second feature is used primarily for an on-going series podcast which operates like an on-going course.

How to Use it:

iTunes U’s direct relationship with iTunes means podcasts can be watched or listened to through a computer or can be taken anywhere with an iPod or an iPhone. iTunes U can be accessed from mobile devices through their cellular networks and via Wi-Fi. When accessing iTunes U from a computer, you can even send the podcast to your employees to ensure they are also up-to-date with current technologies or business concepts.

Whether your company is trying to break into a new industry, revamp your company logo or stay current with trends, there is probably a lecture for it.

Here is an exaggerated hypothetical situation illustrating how to utilize iTunes U to improve your business:

A small business owner is deciding between a social media focused online marketing campaign or a direct mail campaign. From listening to some iTunes U lectures, he decides that an online marketing campaign would be best and could be part of a larger search engine optimization effort. This savvy businessman decides to learn more about online marketing strategies before hiring anyone. After several lectures, he hires an experienced graphic design firm familiar with techniques referenced in the podcasts. He managed to do all of this free research on his iPod while on his daily subway commute to work each day.

As with the hypothetical example above, listening to these lectures may not illicit the necessary skills to do the project yourself, but will create a more knowledgeable entrepreneur. This knowledge creates a more confident negotiator and may eliminate the need to outsource more basic projects. Whether trying to learn Spanish to attract new clients or learn about social networking sites, with over 200,000 free educational files available through iTunes U alone, not taking advantage of this educational opportunity is too expensive of a mistake to make.

These icons link to social bookmarking sites where readers can share and discover new web pages.

Steal That Strategy: How These Companies Beat the Recession- And How You Can, Too

Tuesday, September 15th, 2009

With news that retail sales rose 2.7% in August (higher than the 2% increase many experts predicted), many small business owners are breathing a sigh of relief.  Nearly every business blogger has done some version of the “Recession-proof Companies” post, but what many fail to address is how you as a small business owner can translate these successful strategies for your own company. Should you dedicate more budget to online marketing efforts, position your brand differently, or employ several brand building strategies at once? Here’s a look at a few industries that have managed to slide through the past years relatively unscathed by the economic woes plaguing many businesses- and how you can use their secrets of success.

Fast Food

“Fast casual dining” (fast food restaurants) have done well over the past years. The success of businesses that offer lower-priced fare is often attributed to customers’ increasing desire for bargains, which sounds right- until you consider the case of McDonalds, which attributes a same-store sales rise of 2.6% to the launch of it’s McCafe line of espresso and coffee drinks. Conventional wisdom dictates that customers would forgo fancy coffee beverages the more financially stretched they become. But McDonalds turned what could have been a huge disadvantage into a marketing ploy: instead of going out the $5 lattes to save cash, just switch to a cheaper version. The $100 million campaign placed McDonalds as the cash-conscious alternative to Starbucks and other high-end coffee retailers.

Steal this Strategy: McDonalds’s strategy is a great example of turning lemons into lemonade. Even if you can’t position your product as the cash-saving equivalent of a pricier or luxury item, you can probably think of creative ways to turn a perceived hurdle into a successful marketing strategy. Online marketing efforts, pay per click ads, and related strategies can shift customer perception of your product in a relatively short span of time.

Beer

Alcohol is often touted as a “recession proof” product, even though this isn’t entirely the case- “value sector” brands tend to see sales increase or remain steady because drinkers mid-market beverages downgrade to more cost effective alternatives. Brands on the high end, where customer loyalty is the strongest, tend to sustain minimal damage during rough economic times, according to Beer Business Daily. Illustrative of this trend is the case of Chicago brewer Goose Island, which seen an increase in sales of its $8 and up bottles at local bars.

Steal this Strategy: The lesson here is that it can pay to position yourself either at the top or at the bottom of a specific market. Companies that produce niche products or those with a cult following seem to be less likely to lose business to mid- or low-market brands because loyalty is so strong. Building customer relationships can be as simple as offering special promotions to repeat clients or customers, initiating an email marketing effort, or ramping up a social media marketing campaign.

Pharmaceuticals

Medical News Today reports that revenues of pharmaceutical companies actively developing new drugs grew to $89.7 billion last year. Though some have pointed out that pharmaceutical industry growth in the US is “not sustainable” the current numbers show that explosive revenue growth is possible, even in a down economy.

Steal this Strategy: Not all drug companies are making piles of money. The largest profits seem to be reserved for those companies that place the most importance on growth: developing new therapies, obtaining new patents, and bringing new drugs to market. Innovation in any industry is key for long term success, but it can also drive short-term revenue, as well. Now is the time to evaluate growth strategies and get customers excited about new product or service offerings.

Technology

Some of the industries thriving in the recession are easy calls- people always need to eat, and take care of health needs, for example. Success in bargain markets is equally easy to predict. Don’t despair if your business isn’t serving a “steady demand” industry or producing low-cost goods. High-end retailers can also fare well in an economic downturn if they are strategic with sales and marketing efforts. Apple, the stylish innovator that brought the world the iPod, the iPhone, and a whole host of other sleek, easy-interface devices is the perfect example of a high-end brand doing better than expected in an economic decline.

Steal this Strategy: Apple capitalizes on all of the strategies employed by the other companies described: customers are fiercely loyal (even if prices are high), it positions itself as a “better” alternative to existing offerings (PCs, music players, etc.) and it manages to create huge excitement for even less than monumental innovations (iTunes 9). It does all of these things incredibly well. The lesson here: combine your strengths into a comprehensive marketing and sales strategy. Focusing on one technique might work well, but integrating several well-targeted efforts might work even better.

These icons link to social bookmarking sites where readers can share and discover new web pages.

Successful Female Web 2.0 Entrepreneurs

Tuesday, September 8th, 2009

It’s always been a slightly antagonistic cocktail party trick of mine to get a conversation going about a well-known business or technology that I know for a fact is founded by a female entrepreneur and see if the person I’m discussing this topic with also knows this. You’d be surprised how often I wear a smug smirk on my face when their eyes betray them and they backpedal regarding their misconception.

Since, it’s quite a feat to become an entrepreneur in today’s landscape of financial success, people go right back to the glass ceiling conception about businesses. The uphill battle to make a profit out of a start-up has always been perceived as a boy’s club, but there have been exceptions of women breaking through this glass ceiling and planting a flag for female entrepreneurship. Arianna Huffington, Oprah Winfrey, Coco Chanel, Estee Lauder, and Debbi Fields are just a few names synonymous with women and successful businesses. These are, of course, classic examples and might not have the same relevance when you look at today’s business landscape. Can women be entrepreneurs in the world of developing technology and Web 2.0? The answer is still, “yes.”

I’ve mentioned a few times that innovation has replaced imitation in today’s internet landscape. I’m amazed when it’s a shock to anyone I talk to that one of the big Web 2.0 innovations that’s making waves was created by a woman. Currently the following are some of my favorites to point out:

Caterina Fake - formerly founded www.Flickr.com. Currently is responsible for www.Hunch.com which is a site that helps users make better decisions.

Eileen Gittins – responsible for www.Blurb.com which helps users publish their own photo books, cookbooks, and portfolios.

Elaine Wherry and Sandy Jen – responsible for www.Meebo.com which connects multiple instant messaging platforms in one interface.

Gina Bianchini – responsible for www.Ning.com which enables users to create their own social networks.

These are my four favorites because these are four of the more innovative uses of the internet’s current abilities to reach and aid the public in using available technology to its fullest extent. I have to give these ladies credit for not only seeing an opening for a great idea and going for it, but having the foresight to make that idea lasting and successful in this current landscape that has the pitfalls of a rocky financial climate. If nothing else, I also have to congratulate them for making cocktail parties even more fun for me.

These icons link to social bookmarking sites where readers can share and discover new web pages.

Back-to-School Season: Why Business Owners Should Get Excited

Tuesday, August 18th, 2009

Remember that back-to-school anticipation from when you were a kid? You’d buy a new backpack, pick out your “first day” outfit, get all your new school supplies organized, and excitedly make your way to class for the fresh start of a new school year. As an adult, late August just doesn’t produce that same excitement (unless you count claiming the house back from your summer vacationing kids or finally being able to watch the new season of Mad Men). Back-to-school season is actually a great time to jolt your business out of the summer slowdown mentality. Great deals, online marketing opportunities, and a fully-staffed office are just a few things you can look forward to in the coming months. Here are a few cool things to get excited about as the summer comes to a close:

Great Discounts. Retailers at both online and physical stores ramp up the discounts in order to drive back-to-school purchases- for example, Microsoft’s Bing is running a huge cash back promotion with participating retailers. Now is a great time to get office equipment, office furniture, or even a new copier or printer for a steal.  Many smaller and local companies also offer steep discounts on products and services in the fall.

Summer vacation is over. There is an upside to the end of vacation season. Summer is a naturally slow time for many businesses because so many employees take time off. Come fall, everyone is back, rested, and ready to tackle new challenges. You’re playing with a full team- there’s no need for out-of-office reminders, vacation adjustments, or other distractions that can bog down the workload of many employees.

Everyone’s getting back to business. Statistics show that online media use jumps when school is in session. Whether it’s the increasingly chilly weather or all of those students doing research online, web traffic tends to increase when it’s time to get back into the classroom. This can be great news for any small business owner that’s been working on driving web traffic or creating an online presence. Stay on top of the search engine optimizaton efforts and maintain your social media presence- it’ll pay off in the coming months.

Great promotional opportunities. Back-to-school season has a way of making people get motivated and get moving. Maybe it’s the whole “fresh start” idea, but creative back-to-school promotions are a great way to drive traffic to your website or generate much-needed sales after a slow summer. Now is a great time to think about upping your online marketing efforts.

Full Talent Pool. Back to school isn’t just for elementary-age students, it also means that college students head back to campus en masse. Thinking of hiring an intern? If your business is in a university town, you’ve got access to a great talent pool. To all those future (or current) business owners who are still in college: if you’re interested in a spot at our internship program here at Resource Nation, send us a note (info@resourcenation.com)- we’re accepting applications as of this week!

These icons link to social bookmarking sites where readers can share and discover new web pages.

Top 5 Companies on Facebook

Wednesday, June 17th, 2009

facebook logo

It’s official- Facebook has become the most popular social networking site in America, edging out MySpace by a slim margin: 7.278 million U.S. users are now on Facebook, compared to 7.255 million using MySpace. To many, Facebook’s surge was inevitable, especially now that it offers one of the key features that differentiated the two sites: personalized URLS.

Over the weekend, over 5 million current users scrambled to get their hands on a vanity username- a feature already provided by MySpace.  Businesses with fewer than 1000 fans or users who created pages after May 31st, when the announcement was made, must wait until June 28th- next week- to register a username of their choice.

As it turns out, many popular companies have been using Facebook for a while. According to a 2008 study by Rosetta, 59% of the top 100 retailers maintain branded Facebook pages. Here are five companies you’ve probably already heard of that are harnessing the power of social media to build an online reputation:

1. Starbucks

The coffee giant uses Facebook as part of a successful online/offline marketing strategy.  Starbucks’ love for Facebook is mutual- Facebook recently announced Starbucks as one of three “Blue Ribbon Award” winners: companies with the “top most creative and innovative campaigns and most engaging pages each month.” (See #2 and #3 below for the other award recipients)

2. H&M

Also a Facebook award winner, the trendy discount clothing retailer has taken advantage of several different advertising tools on Facebook, helping boost it’s international and U.S. popularity.

3. Vitamin Water

The recent “Great Debate: Kobe vs. LeBron” campaign tied in television ads with a Facebook page asking fans to “state the case” for their choice in an online video.

4. Nutella

The fan-created page for the chocolate hazlenut spread ranked #3 on Facebook earlier this year- even though the company spent only $300,000 on advertising and didn’t even create the page itself.

5. Microsoft

Users with a Microsoft corporate e-mail address were among the first to be offered accounts when the service was extended beyond the student user base in 2006.  Microsoft also owns a small stake in Facebook, the purchase of which included the right to place ads on the site.

Facebook- and social networking in general- is becoming a very valuable tool for businesses of all sizes.  From corporate giants like Microsoft and Coca-Cola to smaller, local businesses, companies of all sizes are discovering the value of online marketing and social media.

If you need to improve your interactive marketing efforts, visit our quote center for online marketing services.

You can also follow us on Twitter where we provide the latest tools and resources for small business owners and entrepreneurs.

These icons link to social bookmarking sites where readers can share and discover new web pages.

Top Entrepreneurs on Twitter

Wednesday, May 13th, 2009

In the past year, Twitter has become one of the top online social sharing sites allowing people and companies to broadcast quick, daily snippets. Regular people as well as major celebrities and politicians use Twitter to keep their fans and followers updated on their everyday lives. The world’s top business executives are also using Twitter to keep members of the business community informed as to the state of their respective companies. And, if you follow them, you’ll be the first to know about business deals and events. Here are just some of the biggest names in business that are on Twitter.

1. Richard Branson

Richard Branson, 58, is a knighted, English industrialist estimated to be the 236th richest person in the world according to 2008’s Forbe’s magazine list of billionaires. He’s most famous for his Virgin brand, which now includes more than 360 companies, including Virgin Airways and Virgin Records. His estimated net worth comes out to approximately $2.5 billion USD. His flamboyant and eccentric style and his appearances in shows like The Colbert Report have gained him notoriety in the U.S. On Twitter, you can find out about his upcoming events and learn where to submit your questions to him.

2. Steve Case

Steve Case, 50, is an American business executive, most famous for being the co-founder and CEO of America Online. He gained major notoriety beyond the business world when he headed the merger the $164 billion merger between AOL and Time Warner in 2000, though the merger turned out to be highly problematic. Case resigned from Time Warner board of directors in 2005 and is now focused on working with Revolution LLC, a holding company he founded that same year. On Twitter, Case keeps his followers updated on board meetings and his opinions on the news of the day, from White House politics to the swine flu scare.

3. Kevin Rose

Robert Kevin Rose is a 32-year-old entrepreneur from Redding, California. He’s well known for having co-hosted The Screen Savers, a television show on TechTV, and for his Internet start-ups, the most famous of which is Digg.com, a social news website, where users can post up links to current news stories and comment on them. Stories on the site can be voted up or down. According to Rose, Twitter is a great way for him to quickly make company announcements and share interesting bits of information with people.

4. Tony Hsieh

Harvard graduate Tony Hsieh is the chief executive officer of Zappos.com, an online shoe, clothing, and accessories seller. Before helming Zappos, he sold an internet advertising network, LinkExchange, to Microsoft for $265 million. Hsieh uses Twitter to build a strong company culture and keep customers up to date on the latest Zappos offers and developments.

5. Jason Calacanis

Jason McCabe Calacanis, 38, is an American Entrepreneur who got his start as a blogger. His second online venture relied on the growing popularity of blogs and was eventually sold to AOL. Today, Calacanis runs the “user-powered” search engine Mahalo.com. This site lets people search for information in various categories including, sports, cars, news, entertainment, technology, health and travel. Calacanis says Twitter.com is useful, as it allows Mahalo to give its superfans news and information ahead of time to get their reactions and gauge what the general response to a new product or service might be.

6. Michael Arrington

J. Michel Arrington, 39, is the founder of TechCrunch, a blog that covers technology start ups in Silicon Valley and the field of technology throughout the U.S. He is mentioned often in magazines like Wired and Forbes as one most influential people when it comes to internet businesses and technology. He was also selected in 2008 as one of TIME’s most influential people. Arrington uses Twitter to post links to TechCrunch’s latest blogs.

7. Jack Dorsey

Dorsey, 32, is the creator and chief executive officer of Twitter. He is a software architect whom BusinessWeek called one of technology’s brightest entrepreneurs. Dorsey says that Twitter is the best way to get feedback from users on what the company is doing well and what it should do next.

8. Loic LeMeur

Loic LeMeur is a renouned French blogger. He was the vice president at Six Apart, a software company, after it merged with the blogging company Ublog. Le Meur served as advisor on Internet-related topics to Nicolas Sarkozy during the latter’s presidential run. Today, LeMeur is CEO of Seesmic, a provider of online conversation services. He uses Twitter to as a 24/7 source of feedback for business ideas.

9. Jonathan Schwartz

Jonathan Ian Schwartz is the president and CEO of Sun Microsystems, the company that developed the now universally used JAVA platform. Schwartz uses Twitter to stay in touch with the trends of the technology market, and to communicate with employees and clients.

10. Pierre Omidyar

Pierre Omidyar is the Iranian-American entrepreneur who founded the now internationally known auction website eBay. He is the 120th richest person in the world according to the March, 2008 issue of Forbes magazine. Omidyar uses Twitter to give followers updates on his day-to-day activities as well as business-related developments.

Follow @resourcenation and @betsybrottlund on twitter.

These icons link to social bookmarking sites where readers can share and discover new web pages.

Does Networking Really Work? (Sounds like a lot of work!)

Friday, March 27th, 2009

It depends how you do it.

Going to cocktail events and social hours, grabbing business cards and tossing yours around, brief handshakes while looking over that person’s shoulder for the door or the next person in the room.

Nope, that doesn’t work.

Connecting, helping others first, taking a sincere interest in them and their business, helping them see opportunities they may not see themselves.

That’s what I’m talking about.

And yes, it is work. Just like building any relationship, it requires commitment, follow up, and heart.

And it’s worth every minute.

Do you make networking a regular part of your business and marketing strategies?

Are you connecting in person (or over the phone if geography is a challenge) with people you meet online?

How are you contributing to your networking relationships? Just this morning, on a call with a colleague, I thumbed through my mental Rolodex for a connection that will help her grow her network and her business.

Easy, peasy, Japaneasy. It took about 5 minutes to make the connection and a warm introduction. She’s off and running, with gratitude, and I feel very good about it.

How’s that for honoring a “Givers Gain” philosophy?

How do you use networking in your business? How has it helped you? Tips to share?

These icons link to social bookmarking sites where readers can share and discover new web pages.

Why am I smiling from ear to ear?

Tuesday, February 24th, 2009

Can I help it that I am smiling from ear to ear?  I have been floating on air for the last 24 hours.  Let me explain.  I have been telling our clients and writers alike to engage with our readers for quite sometime.  Of course, their response is “yes” then they never do anything about it, or should I say their response is “I never get anything out of it”.  Quite honestly, I wonder if people know what “Engage with your readers” really means.

I asked one of our clients to join every Social network they thought would have their target market and start engaging them in NON-sales copy.  If you are into online marketing, you can see the blank looks on their face.  You see, we are entering a second Internet phase; businesses are downsizing and trying to stretch every dollar looking for efficiency.  They’re shifting their budget from PPC, while using SEO for organic traffic.

What does that mean?  In simple terms, great content with a mix of social media. The new era of marketing, which created the foundations of marketing on the web, made its way to a new buzz in the industry - Inbound Marketing.

What Is Inbound Marketing?

Inbound Marketing focuses on bringing the customer to the business, instead of the business searching for the customer

In outbound marketing, the “traditional” way, companies use poorly targeted techniques to bring in customers.  They use radio and T.V. advertising, spam, cold-calling, print advertising, junk mail and more.  In other words, they use every method that most people get irritated about.

These techniques are long out-dated, less effective and more expensive, thanks to technology.  TiVo, spam filters, caller ID that blocks cold calls and tools like RSS render print and visual advertising almost useless.  While these methods of advertising still work to some extent, it’s much more expensive.

Inbound Marketing flips outbound marketing on its head.

The Internet opened up whole new avenues and marketing possibilities.  Instead of television ads that scream at potential customers to “buy, buy, buy”, or junk mail that gets thrown away, inbound marketing has a gentler, more persuasive technique.  Entertaining, informative videos, interesting blogs, useful content and tools – inbound marketing is a soft, inviting whisper rather than a pounding sledgehammer.  With these tools and techniques, highly qualified customers are attracted to the business through a combination of curiosity, confidence and trust.

The Three Components of a Successful Inbound Marketing Campaign

1.  Content:  Every Inbound Marketer knows that content is king.  Information and persuasive writing, helpful tips and tools help attract potential customers to the company’s website or business.

2.  Search Engine Optimization: Potential customers find this informative content much easier through SEO.  Building your site, and building up inbound links to your site, through optimization and website design “best practices” maximizes your search engine rankings.  SEO brings your product, website or company into the public’s eye, so they can begin the buying process.

3.  Social Media:  When the content is truly helpful, informative and interesting, people tend to discuss it with their friends, family, co-workers etc.  Distributed across several networks, it gains credibility and authenticity, making it more likely to draw people to your website.

You’re wondering what any of that has to do with the smile on my face?  In one day I was able to prove that using inbound marketing can not only save you money by getting free targeted traffic, but you learn that investing in your company’s future sometimes has it’s rewards without trying.

I was featured in Businessweek.com for engaging in Social media.  That alone has sent our website a nice boost of traffic.  I know I may not get all the business that‘s out there but, the way I see it nobody does. However, the new business I do get can result in a higher base of  happy customers, more referrals, and ultimately more sales.

These icons link to social bookmarking sites where readers can share and discover new web pages.

Companies using Social Networking to Boost Sales

Thursday, February 19th, 2009

Using social networking as a form of social media marketing is the new fad. Social networking refers to a multi-media social structure which essentially facilitates communication between groups, individuals, and organizations. The most commonly recognized social networking web sites include Facebook, LinkedIn, and MySpace. However, there are several more social networking web sites available. In addition to social networking sites, there are other ways to accomplish social media marketing through blogging, instant messaging, widgets, and more.

Companie use social networking to gain credibility, foster employee relationships, build a forum for communication with customers, and in most cases, boost sales. Company recruiters are even going to sites like LinkedIn to get access to the almost 25 million resumés posted.

If you are going to jump on the social networking bandwagon, make sure you have a strategy in place for your business or work with an online marketing agency before you spend the time creating a Facebook or MySpace page. Let’s take a look at some of the companies using social networking and which tools they are utilizing.

If you are a small business and looking for an online marketing agency to help with your social networking campaign, visit Resource Nation’s vendor center for online marketers.

These icons link to social bookmarking sites where readers can share and discover new web pages.

Internet Marketing - The Process of Working with the SMB

Thursday, January 8th, 2009

The internet marketing industry is still very young and evolving rapidly.  Small business owners don’t have the time to keep up with the latest trends and tactics, especially in regards to seo, ppc and social media.  The result is that professionals in the field hold the responsibility to educate, inform and lead their clients in a direction that provides the best opportunity for success.

The process of guiding the client in the right direction has a few required steps.

1. Do your due diligence in regards to the client, the industry and their competition.

2. Listen to the business owner and try to get a sense of what it’s like to be in their shoes.

3. Re-evaluate your understanding of what makes the business tick based off of your learnings.

4. Educate.

5. Strategize the best course of action.  Does the client need SEO, PPC, both, etc?  Will social media work?  What budget is required?

6. Implement campaigns.

7. Show the value of your hard work to the client (preferably with success metrics ;-)

8. Re-evaluate the direction of campaigns based off of measurements.

9. Re-educate.

10. Course correct and repeat steps 7 - 10.

Notice the theme of re-evaluting.  We all have a tendency to hold on to our preconceived notions, but forcing ourselves to take a step back often will improve perspective.  This holds true both as we understand our clients’ businesses better and as we practice what we preach by adapting to the ever changing world of internet marketing.

In the end, the client should know their business best.  But does their understanding correlate to the ever changing online world?  My advice is to simply be up front and clear.  Don’t be afraid to say “I disagree.  In my experience this technique would work best online” and explain why.  It takes a rare breed to push back on someone who writes your check, but that is one of the differences between constantly finding new business or making the relationships you have last.

Visit Resource Nation’s online marketing expert business directory to find experts to help with your project.

These icons link to social bookmarking sites where readers can share and discover new web pages.