WHAT IS SOCIAL MEDIA?
The most important thing to remember is that social media is still a media. Which means it is still a marketing TOOL – not an end to itself. However, in contrast to both traditional media and new media tools, such as web sites and e-mail, social media is used differently. By name and nature, it is SOCIAL which dictates a relationship. At the very least, this demands a TWO-SIDED conversation/interaction format.
More specifically, social media differs from traditional media in that anyone can create, comment and add to social media. Social media can take the form of text, audio, video, images and communities. Traditional media doesn’t let you PROVE how many visitors or engaged customers you really have (Yes, I know all about Neilson ratings and circulation numbers – How many of you really believe all of that?). Social media shows you REAL numbers for your audience – or at least a more “real” number than any other media that’s ever existed for small business marketing purposes. Social media also allows you to track and know information about your audience – not just know that they’re there.
WHO USES SOCIAL MEDIA & NEW MEDIA?
- Practically everyone uses Google and other search engines regularly, and the searches frequently return blog posts, YouTube videos or other social media content high in the search ranks. So even people who say they don’t use social media are actually consuming social media content without knowing it.
- 63% of consumers turn to the Internet FIRST to find a local business. (Yet a whopping 80% of business owners reported spending LESS THAN 10% of their marketing budget on web-based marketing.) – Source USA Today Snapshots, March 5, 2009 – cited Neilson Online/Web Visible survey of small business owners.
- When people who are NOT social media users ask their non-social media networks for advice (usually via e-mail or phone call), the answers come back include URLs to blog posts and other social media content.
- There are more than now 400 million active users of Facebook (up 150 million from one year ago). More use Facebook than any other existing media (including television). The fastest growing demographic are those 35 and older. More than 2/3 of the users are outside of college age. By nature of the beast, those users are also at least semi-educated, literate and computer literate – making them far more likely than average radio or television listeners to have a decent income.
- YouTube statistics – Recently, I got to inform a client that 74% of his target audience visited YouTube at least once every two weeks and often multiple times a day. They were shocked. They where even more surprised when I told them that a significant number of those visitors used YouTube on a daily basis to research products and services, view product demonstrations, and find information for work purposes. But, when I told them that visitors to YouTube actually based their buying decisions on what they saw on YouTube, well, they were shocked and couldn’t wait to hear more.
- On October 9, 2009, the third anniversary of the acquisition by Google, Chad Hurley announced in a blog posting that YouTube was serving “well over a billion views a day” worldwide. comScore had previously reported that the number was actually over 10 billion per month. In September 2009, and the average video viewer watched more than 10 hours of video during that month. That’s pretty significant.
Those are just a few reasons why social media is critical to your business. This doesn’t tell you how or when or how often to use social media. (Strategically is a good start – it’s not a waste of time play tool anymore! And it’s getting crowded, so you have to stand out in the crowd by doing it smartly.) But hopefully, if you’re a business owner or community leader trying to convince yourself or your fellow locally owned, independent small business owner friends and colleagues to network with you, promote your business and your community using social media tools, this will give you some ammunition to open some eyes during that conversation.
















