There’s something important to realize about all of the touchpoints we talk about on the web, and in business.
We often cite these things as our goals for participation in social media, for marketing, for communications of all kinds.
- Brand Awareness
- Engagement
- Relationship Building
- Trust
- Thought Leadership
- Loyalty
But while they might be *a* goal, they are not *the* goal. They’re merely a point on a path toward the main objective, which is to grow our business by having people choose us instead of someone else.
So things like brand awareness, community, relationships… all of those are good things in and of themselves. But if you stop there, you don’t have a viable business. Think of them as nodes in a symbiotic network. They’re all loaded with potential, but only when they’re combined and leveraged to create something bigger.
Whether or not we’re comfortable saying this out loud, our ultimate goal – nonprofit or otherwise – is to sustain our organizations so that we can execute on our purpose. That means revenue. That means assets and resources so that we can do more of what we do, whether that be create a product or deliver a service. We can’t do anything of value without the capital upon which to build.
That means that while brand awareness itself is awesome, brand awareness ALONE nets you nothing. If people are aware of you but don’t eventually buy from you, donate, or encourage someone else to, the awareness itself is meaningless. Brand awareness is one of the means, but action is the end.
Likewise with something even like “community”. We build community to build trust. We build trust to distinguish ourselves as more worthy than the guy down the street. We want to prove that worth so that when it comes time to do business with someone, those who trust us will likely do it with us, or recommend that someone else do so.
Thought leadership? We want to demonstrate expertise so that we can distinguish ourselves from other organizations that do what we do, in hopes of showing that we see the bigger picture a little bit better. We want this so that when someone chooses to give their money to us through purchase or donation, it feels like sound investment.
It is not dirty to say that you are building all of the elements of community, relationships, and otherwise so that the eventually, network and the affinities will yield benefits and build your business. In fact, it’s vital. That’s the way it works.
And don’t make the mistake of interpreting this as “the only point of social media is sales”. That’s far too simplistic.
What we’re doing differently now – or better, maybe – is that we’re carving out lots more paths to the end goal, with many more reassurance points along the way. We’re creating webs of non-commercial touchpoints so that the eventual monetary transaction feels like a natural culmination and even a desirable one. See how that works?
Bu it’s naive to think that you’re just building community for community’s sake. Or that you’re building “relationships” because they’re simply intrinsically valuable. (Unless you’re doing all of these things without ever hoping to make a nickel from your organization, or planning to always fund the budget from your own pocketbook.)
Relationships ARE valuable. You can want them simply because they’re fulfilling. But in the context of business, that relationship eventually needs to move something forward, somewhere, that builds, accelerates, or yields. And all of the impact points we’re creating throughout the web are designed to work together and do just that.
In short, all roads lead to Rome. It’s time to get comfortable with that, and start treating our social media strategies accordingly.
The only thing I think I would add to this is profanity to make it more urgent. This is right where I’m trying to help a couple of folks with their own social media/building brand/engaging community enterprises, and this is exactly what has not yet taken hold enough to work out of them. Thanks – forwarding and sharing now.
Made my Monday, hoping it tweaks theirs as well.
.-= Rick´s last blog ..new vacuum coffeepot =-.
The only thing I think I would add to this is profanity to make it more urgent. This is right where I’m trying to help a couple of folks with their own social media/building brand/engaging community enterprises, and this is exactly what has not yet taken hold enough to work out of them. Thanks – forwarding and sharing now.
Made my Monday, hoping it tweaks theirs as well.
.-= Rick´s last blog ..new vacuum coffeepot =-.
While the article is good (as always), this paragraph is pure gold:
“What we’re doing differently now – or better, maybe – is that we’re carving out lots more paths to the end goal, with many more reassurance points along the way. We’re creating webs of non-commercial touchpoints so that the eventual monetary transaction feels like a natural culmination and even a desirable one. See how that works?”
Kudos.
-Matt
.-= Matt Ridings´s last blog ..The Social Evolution, What Is Old Is New Again =-.
Totally! My favorite part as well.
I would have to agree. This paragraph nails it on the head. The more paths we create, the better our chances are to get to our end goal.
While the article is good (as always), this paragraph is pure gold:
“What we’re doing differently now – or better, maybe – is that we’re carving out lots more paths to the end goal, with many more reassurance points along the way. We’re creating webs of non-commercial touchpoints so that the eventual monetary transaction feels like a natural culmination and even a desirable one. See how that works?”
Kudos.
-Matt
.-= Matt Ridings´s last blog ..The Social Evolution, What Is Old Is New Again =-.
Totally! My favorite part as well.
I would have to agree. This paragraph nails it on the head. The more paths we create, the better our chances are to get to our end goal.
Great way to start my morning. Fantastic insight.
Brittany
Great way to start my morning. Fantastic insight.
Brittany
Amber,
I’m glad somebody finally came out and said it! Social media offers us an additional outlet for building brand awareness, trust & loyalty but it should ultimately lead to “having people choose us instead of someone else.” It should be part of one’s business plan (alongside face-to-face networking, advertising, community involvement, even cold-calling) and not the goal.
Growing up in a very Christian home and attending a Spanish-speaking Pentecostal church in the South Bronx (nuff said?), I always heard that “money is the root of all evil.” Then I got my first sales job and was faced with the prospect of either making money or losing my job. Fortunately, I learned that there’s a right way and a wrong way to go about making one’s money (thanks to Brian Tracy, Zig Ziglar, etc). Moreover, I also learned that money might just be the root of all evil but it should not stop you from earning it and earning a lot of it.
In the immortal words of Carl Fox to his son Bud in 1987’s “Wall Street” – “I don’t go to bed with no whore, and I don’t wake up with no whore. That’s how I live with myself.” As long as you do it right (based on your personal moral code!), it’s OK to go out there and make your money, even a lot of it. In the same way, it’s OK to use social media as “one” way to make money, grow your business, beat out the competition. If you do it right, you’ll get plenty of additional benefits: growing your network, building your brand, even developing valuable relationaships/friendships/resources. Just make sure you check who you go to bed with. . .
Nuff said.
.-= Dan Perez´s last blog ..John Travolta presents award for “Best Florida Film” to Dan Perez =-.
Amber,
I’m glad somebody finally came out and said it! Social media offers us an additional outlet for building brand awareness, trust & loyalty but it should ultimately lead to “having people choose us instead of someone else.” It should be part of one’s business plan (alongside face-to-face networking, advertising, community involvement, even cold-calling) and not the goal.
Growing up in a very Christian home and attending a Spanish-speaking Pentecostal church in the South Bronx (nuff said?), I always heard that “money is the root of all evil.” Then I got my first sales job and was faced with the prospect of either making money or losing my job. Fortunately, I learned that there’s a right way and a wrong way to go about making one’s money (thanks to Brian Tracy, Zig Ziglar, etc). Moreover, I also learned that money might just be the root of all evil but it should not stop you from earning it and earning a lot of it.
In the immortal words of Carl Fox to his son Bud in 1987’s “Wall Street” – “I don’t go to bed with no whore, and I don’t wake up with no whore. That’s how I live with myself.” As long as you do it right (based on your personal moral code!), it’s OK to go out there and make your money, even a lot of it. In the same way, it’s OK to use social media as “one” way to make money, grow your business, beat out the competition. If you do it right, you’ll get plenty of additional benefits: growing your network, building your brand, even developing valuable relationaships/friendships/resources. Just make sure you check who you go to bed with. . .
Nuff said.
.-= Dan Perez´s last blog ..John Travolta presents award for “Best Florida Film” to Dan Perez =-.
It seems to me that we’re now getting caught up in having to define everything. The word ‘social media’ leaves our mouths and instantly we feel we have to defend or define what we mean.
Business is almost always about one thing, revenue. There are many roads that lead to the sale but it is at the bottom of the funnel if done correctly.
I for one look forward to the day where we no longer have to explain what community building, authenticity, transparency, et all mean. It’s almost like the minute Twitter and Facebook hit the scene we all lost our business acumen.
Nothing really has changed other than a few tools, when implemented properly make running our business a little easier.
.-= David Benjamin´s last blog ..What Does The Future Look Like? =-.
It seems to me that we’re now getting caught up in having to define everything. The word ‘social media’ leaves our mouths and instantly we feel we have to defend or define what we mean.
Business is almost always about one thing, revenue. There are many roads that lead to the sale but it is at the bottom of the funnel if done correctly.
I for one look forward to the day where we no longer have to explain what community building, authenticity, transparency, et all mean. It’s almost like the minute Twitter and Facebook hit the scene we all lost our business acumen.
Nothing really has changed other than a few tools, when implemented properly make running our business a little easier.
.-= David Benjamin´s last blog ..What Does The Future Look Like? =-.
YES!!!!!!
Of course it is about commerce and moolah and all of that fun stuff that some people in this space seem to have such an aversion to.
Could not agree more with David Benjamin’s comment.
Amber you and others might enjoy a mildly related post from Chris Penn today. He talks about the importance of distinguishing between diagnostic and objective metrics. The latter being the REAL business end game. MIght be of interest:
http://www.christopherspenn.com/2010/05/03/are-we-there-yet-diagnostic-versus-objective-social-media-metrics/
.-= Jackson Wightman´s last blog ..Social? Me? =-.
YES!!!!!!
Of course it is about commerce and moolah and all of that fun stuff that some people in this space seem to have such an aversion to.
Could not agree more with David Benjamin’s comment.
Amber you and others might enjoy a mildly related post from Chris Penn today. He talks about the importance of distinguishing between diagnostic and objective metrics. The latter being the REAL business end game. MIght be of interest:
http://www.christopherspenn.com/2010/05/03/are-we-there-yet-diagnostic-versus-objective-social-media-metrics/
.-= Jackson Wightman´s last blog ..Social? Me? =-.
You are absolutely right that all of these things we can get from social media are nice and the awareness that can develop is great, but the bottom line is the bottom line. A business still needs to generate revenue from its endeavors.
For instance, my status as an awesome dad blogger *tongue firmly planted in cheek* led to a friend of mine to ask me for help in figuring out he could use social media to help a new product his company was launching. Out of sheer need to stroke my ego (and put a few dollars in my family’s pocket), I accepted. It wasn’t easy, he wanted me to blog about a blanket.
We did the tried and true blogger outreach by customizing some of the blankets for some influential mom bloggers and have since followed that up with a social good campaign. The powers that be are jazzed by the numbers – twitter followers, facebook likes, and, especially the number of votes that the first monthly contest to pick April’s winning charity – have generated. I’ll admit that even I’m quite happy with how things have turned out in the first month since we’ve launched the campaign.
Still, I like to remind them that what we are doing is all well and good, and quite fun, but it still needs to translate into a true business case and isn’t a substitute for dialing for dollars or other traditional methods of selling customized apparel. All we’ve done so far is give some customized products away. Granted they have gone to great causes that can use them to help with fundraising, yet I’m doing everything I can to temper their expectations that this isn’t some holy grail, but another channel to help further their purpose.
.-= PJ Mullen´s last blog ..Rock the Vote! =-.
You are absolutely right that all of these things we can get from social media are nice and the awareness that can develop is great, but the bottom line is the bottom line. A business still needs to generate revenue from its endeavors.
For instance, my status as an awesome dad blogger *tongue firmly planted in cheek* led to a friend of mine to ask me for help in figuring out he could use social media to help a new product his company was launching. Out of sheer need to stroke my ego (and put a few dollars in my family’s pocket), I accepted. It wasn’t easy, he wanted me to blog about a blanket.
We did the tried and true blogger outreach by customizing some of the blankets for some influential mom bloggers and have since followed that up with a social good campaign. The powers that be are jazzed by the numbers – twitter followers, facebook likes, and, especially the number of votes that the first monthly contest to pick April’s winning charity – have generated. I’ll admit that even I’m quite happy with how things have turned out in the first month since we’ve launched the campaign.
Still, I like to remind them that what we are doing is all well and good, and quite fun, but it still needs to translate into a true business case and isn’t a substitute for dialing for dollars or other traditional methods of selling customized apparel. All we’ve done so far is give some customized products away. Granted they have gone to great causes that can use them to help with fundraising, yet I’m doing everything I can to temper their expectations that this isn’t some holy grail, but another channel to help further their purpose.
.-= PJ Mullen´s last blog ..Rock the Vote! =-.
The elements of trust and confidence must ring true in all communication, social media and otherwise, as every business seeks to be chosen (at some point) by a potential customer. In most cases, the process of gaining that trust and confidence takes time, and is based on multiple touch points.
It’s a lot like dating, as a serious relationship is based on a series of interactions that resulted in a feeling of trust and confidence. We all want to make the right choice!
.-= Global Patriot´s last blog ..California Clean Innovation Conference 2010 =-.
The elements of trust and confidence must ring true in all communication, social media and otherwise, as every business seeks to be chosen (at some point) by a potential customer. In most cases, the process of gaining that trust and confidence takes time, and is based on multiple touch points.
It’s a lot like dating, as a serious relationship is based on a series of interactions that resulted in a feeling of trust and confidence. We all want to make the right choice!
.-= Global Patriot´s last blog ..California Clean Innovation Conference 2010 =-.
It’s sad to me that this is a “new” conclusion for so many people in social media (present company excluded – – Amber I know you and therefore the people who read your blog have been saying/thinking this for a while). So many social media experts don’t want to face this reality. At the end of the day, we are talking about business, and business is cash. There is no other way to look at it. If you can’t prove the cash, the initiative won’t have a long term future. Harsh, but such is business; harsh but true.
Thanks for drawing this out some more.
best,
Eric
.-= Eric´s last blog ..How to develop your own social media influencers. =-.
It’s sad to me that this is a “new” conclusion for so many people in social media (present company excluded – – Amber I know you and therefore the people who read your blog have been saying/thinking this for a while). So many social media experts don’t want to face this reality. At the end of the day, we are talking about business, and business is cash. There is no other way to look at it. If you can’t prove the cash, the initiative won’t have a long term future. Harsh, but such is business; harsh but true.
Thanks for drawing this out some more.
best,
Eric
.-= Eric´s last blog ..How to develop your own social media influencers. =-.
Agree, Amber. The “big picture” of Social Media takes time and patience, as do personal relationships RL… it’s not an instant gratification game.
Agree, Amber. The “big picture” of Social Media takes time and patience, as do personal relationships RL… it’s not an instant gratification game.
Right on target, Amber. The old adage of “without a sale there is no business” still holds true and I’m saying this not as a very sales oriented guy but a marketer, where it was always a requirement to think about the overall purpose. This hasn’t changed fundamentally in today’s world. In the end it all comes down to generating revenue. We can only be glad that today there are so many more ways of reaching that objective compared to the rather limited took kit that was available only a decade and a half ago. Personally, I sure wish I’d have had that at my disposal back in the 1980s to market Switzerland as a tourism destination around the world.
Right on target, Amber. The old adage of “without a sale there is no business” still holds true and I’m saying this not as a very sales oriented guy but a marketer, where it was always a requirement to think about the overall purpose. This hasn’t changed fundamentally in today’s world. In the end it all comes down to generating revenue. We can only be glad that today there are so many more ways of reaching that objective compared to the rather limited took kit that was available only a decade and a half ago. Personally, I sure wish I’d have had that at my disposal back in the 1980s to market Switzerland as a tourism destination around the world.
What we are doing is redefining business. Yes, money is a path to Rome, but there may be other reasons to build a community for a brand. Say, for instance, that brand is a citizen’s group trying to expose the ills of a municipality. No money, just ideas. Or an artist seeking to establish a new medium. No money, just ideas.
This, Amber, is beautiful writing: “…reassurance points along the way. We’re creating webs of non-commercial touchpoints so that the eventual monetary transaction feels like a natural culmination and even a desirable one.” But what if that money you speak of is rather ideas — ideas that can shape a future vision. I’m guilty, as well, of sometimes getting stuck in the monetary actions of business, but there is a grander goal we participate in, a more lofty civil duty we marketers at times have the opportunity to enact.
For many years I worked on reviving the recycling program in the City of Philadelphia — it was one of those times when money was not the end game. The end game was a cleaner Philadelphia, playgrounds instead of landfills, and, most importantly, civil pride.
In all, great piece to remind us that there is an end game, always. I’m just not ready to give in to the idea that money is the game.
What we are doing is redefining business. Yes, money is a path to Rome, but there may be other reasons to build a community for a brand. Say, for instance, that brand is a citizen’s group trying to expose the ills of a municipality. No money, just ideas. Or an artist seeking to establish a new medium. No money, just ideas.
This, Amber, is beautiful writing: “…reassurance points along the way. We’re creating webs of non-commercial touchpoints so that the eventual monetary transaction feels like a natural culmination and even a desirable one.” But what if that money you speak of is rather ideas — ideas that can shape a future vision. I’m guilty, as well, of sometimes getting stuck in the monetary actions of business, but there is a grander goal we participate in, a more lofty civil duty we marketers at times have the opportunity to enact.
For many years I worked on reviving the recycling program in the City of Philadelphia — it was one of those times when money was not the end game. The end game was a cleaner Philadelphia, playgrounds instead of landfills, and, most importantly, civil pride.
In all, great piece to remind us that there is an end game, always. I’m just not ready to give in to the idea that money is the game.
Amber
Well written and interesting post.
There is a dance between value of community to brands and businesses and the errors of trying to force old school metrics on the value of connections.
But I agree that ROI relates to commerce and that social commerce may well turn out to be the overriding approach to social platforms.
Funny…I blogged on this last evening: “Social Commerce: e-commerce for Facebook fan pages @ http://arnoldwaldstein.com
.-= Arnold Waldstein´s last blog ..Social commerce: e-commerce for Facebook fan pages =-.
Amber
Well written and interesting post.
There is a dance between value of community to brands and businesses and the errors of trying to force old school metrics on the value of connections.
But I agree that ROI relates to commerce and that social commerce may well turn out to be the overriding approach to social platforms.
Funny…I blogged on this last evening: “Social Commerce: e-commerce for Facebook fan pages @ http://arnoldwaldstein.com
.-= Arnold Waldstein´s last blog ..Social commerce: e-commerce for Facebook fan pages =-.
Amber this post is beautifully and powerfully stated. Thank you.
.-= Allen Mireles´s last blog ..An Unexpected Use of Facebook–Or Is It? =-.
Amber this post is beautifully and powerfully stated. Thank you.
.-= Allen Mireles´s last blog ..An Unexpected Use of Facebook–Or Is It? =-.
Great post…I think you nailed it. All of things are super important, but in the end, it has to contribute to growing the business. I love this line from your post “..eventual monetary transaction feels like a natural culmination..” Social Media and Community strategies help lay the foundational elements toward the eventual monetary transaction.
Thanks
Mike
Great post…I think you nailed it. All of things are super important, but in the end, it has to contribute to growing the business. I love this line from your post “..eventual monetary transaction feels like a natural culmination..” Social Media and Community strategies help lay the foundational elements toward the eventual monetary transaction.
Thanks
Mike
Right on!! I’d like to add something, though. A couple of weeks ago, I saw a tweet about somebody in a major corporation, which will remain nameless, calling himself the “Chief Listening Officer.” That’s total bullshit! He is an executive in an accountability hierarchy, and his real role is “Chief Get The Broken Products Fixed and the Unresponsive Employees Fired Officer”.
The reason the company is nameless, by the way, is that I own one of its products, and it’s seriously broken. So I will be pursuing this further and keep folks posted. 😉
Right on!! I’d like to add something, though. A couple of weeks ago, I saw a tweet about somebody in a major corporation, which will remain nameless, calling himself the “Chief Listening Officer.” That’s total bullshit! He is an executive in an accountability hierarchy, and his real role is “Chief Get The Broken Products Fixed and the Unresponsive Employees Fired Officer”.
The reason the company is nameless, by the way, is that I own one of its products, and it’s seriously broken. So I will be pursuing this further and keep folks posted. 😉
This is an awesome big picture breakdown for social media efforts. You offer great pointers for any marketing newbie to keep in mind – while social media is a great tactic because it’s a very low-cost high-volume channel, there needs to be a strategy behind it. What is a Facebook ‘Like’ worth to you? A Twitter follower? A blog comment?
This is an awesome big picture breakdown for social media efforts. You offer great pointers for any marketing newbie to keep in mind – while social media is a great tactic because it’s a very low-cost high-volume channel, there needs to be a strategy behind it. What is a Facebook ‘Like’ worth to you? A Twitter follower? A blog comment?
Great post. All roads may lead to Rome, but to get there, there needs to be a coordinated effort. Silos in business need to vanish. Social media is showing how important it is for functions to work together in order to meet goals or mission.
.-= Ann Marie van den Hurk APR´s last blog ..TEDxLex. A Mind-Blowing Experience. =-.
Great post. All roads may lead to Rome, but to get there, there needs to be a coordinated effort. Silos in business need to vanish. Social media is showing how important it is for functions to work together in order to meet goals or mission.
.-= Ann Marie van den Hurk APR´s last blog ..TEDxLex. A Mind-Blowing Experience. =-.
In the immortal words of Carl Fox to his son Bud in 1987’s “Wall Street” – “I don’t go to bed with no whore, and I don’t wake up with no whore. That’s how I live with myself.” As long as you do it right (based on your personal moral code!), it’s OK to go out there and make your money, even a lot of it. In the same way, it’s OK to use social media as “one” way to make money, grow your business, beat out the competition. If you do it right, you’ll get plenty of additional benefits: growing your network, building your brand, even developing valuable relationaships/friendships/resources. Just make sure you check who you go to bed with. . .
+1
In the immortal words of Carl Fox to his son Bud in 1987’s “Wall Street” – “I don’t go to bed with no whore, and I don’t wake up with no whore. That’s how I live with myself.” As long as you do it right (based on your personal moral code!), it’s OK to go out there and make your money, even a lot of it. In the same way, it’s OK to use social media as “one” way to make money, grow your business, beat out the competition. If you do it right, you’ll get plenty of additional benefits: growing your network, building your brand, even developing valuable relationaships/friendships/resources. Just make sure you check who you go to bed with. . .
+1
Love it! Thank for being direct about this. I try to have my clients be specific about their goals by making them bottom-line goals–they should affect the company’s bottom line. I don’t know people are so afraid to talk about money these days.