social media marketing seems to still dominate conversations these days. Companies testing, companies measuring, companies even bringing in outside help like social media consultants. One thing is certain though, through all the hype, noise, and water cooler talk- there are some companies who take action and some sitting on the sidelines still waiting to get into the game.

Let’s take the top three benefits of social media that we have seen on why companies are embracing this new marketing channel:

1. Your business is looking to cut costs on traditional advertising and use internet marketing and social media marketing as a cost effective substitute. This not only cuts down on costs, but allows you to be more targeted with your messaging. You can effectively extract your audience according to the proper demographic and geographic market you are going after.

2. Your company is looking for sustained growth or long-term growth with social media as compared to advertising. If your business is considering social media and you’re looking for long-term growth & sustainability then social media should be part of your strategy. Social Media allows scalability, growth over time, and by consistently engaging with your target audience you build trust. You constantly educate your prospects and customers giving them valuable information. When you do this overtime, you develop greater trust with your audience and build your brand equity much stronger. This also helps shorten the sales cycle and touches your audience through various points across the value chain.

3. You can develop an influential relationship with a key influencer who has a large trust relationship built with their audience. Once you have their trust, you can possibly ask them to help you get out a message to your target audience. If you care about social media and go about it the right way, you will be able to leverage those relationships. But one word of advice- if that person does you a favor, don’t forget to do a favor for them when asked. It’s always 50-50.

4.Bonus: Because Lebron James is on twitter now and that’s proof enough of why you’re business/ personal brand should be on there too! Don’t believe me- watch this inspiring video on his brand and being “Real”

Lebron’s story is truly motivating and inspiring.  I think of Lebron as a humble leader on and off the court and he has much less of an ego than Kobe- but I digress…

Sent from my iPad 🙂

Justin “Results” French

p.s. Sharing is caring and re-tweeting is always appreciated

Tags: Advertising, Business, Internet Marketing, Marketing, Social Media, Social Media Consultant, trust, Twitter

This entry was posted on Wednesday, July 7th, 2010 at 7:30 AM and is filed under Social Media Marketing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.