Is Your Business Socially Aware?
Rand Manasse
I help companies as a Board Director by improving EBITDA. | CEO | Interim CEO | Private Equity CEO | Operating Partner | Certified Fraud Examiner. Specializing in Operations, Finance, Risk Management and Technology.
This is an article about your business's ability to be socially aware.? The question might be, “Why does a business need to be socially aware?” ?And what does that mean?? Does it mean that your business needs to meet other businesses?? Do I need to get my business an account on Match.com?? Should it learn how to converse meaningfully with another business while juggling a drink in one hand and a dish of hors d’oeuvres in another? ?… No, not at all.??
Social awareness for businesses is about how much your business uses Social Media to find new customers or, better yet, how social media can drive new customers to your virtual doorfront.
We all know how social media has become the latest Internet phenomenon. It is hard to go through the day without Wall Street, Main Street, or someone at your kitchen table talking about Facebook, LinkedIn, Pinterest, Instagram, or the next new way to interact socially. When that happens, the question you have to ask yourself is how your business interests adapt to the latest change and why you should adapt to the new business model.
Let's First Address Why Should I?
People worldwide are using social networking sites to connect.
The barrier to human interaction has once again been brought down.
Social media sites like Facebook allow users to connect with family and friends. Sites like LinkedIn allow users to connect with colleagues and business professionals. Sites like Pinterest and Instagram allow people with similar visual and creative interests to connect by sharing visually appealing images.
Of the 7 billion people worldwide, an?estimated 2 billion are using the Internet.
With over a billion people using social media worldwide, business leaders continue to investigate the social opportunity. The obvious attraction is that if we can extend our existing sales into this new channel, the increase in EBITA would be great.
The Digital Revolution
We have heard this term for many years, going back to 1980.? Some people refer to the Digital Revolution as the third industrial revolution because it has changed the landscape of the way we work and play. Social media is the next evolution in the Digital Revolution.
Computers and the Internet were the first stages of the modern Digital Revolution. Search engines and mobile devices continued the evolution, and now social media is taking the revolution even further.
Social Awareness
The appeal of social media in this revolution is that it humanizes the cold, hard aspects of the digital world by allowing people to congregate and connect.
For centuries, humans have congregated in tribes and communities.
The Digital Revolution has broken down location barriers. Humans can now connect with each other no matter where they are in the world.
Social media sites like Facebook, Twitter, LinkedIn, and others give people the opportunity to connect with family, friends, and those who share similar interests and worldviews.
Photos, news items, stories, facts, entertainment, and family events all connect people, and social media is the channel that fuels this information and connection.
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Businesses that understand the connective nature of social media are the ones that will find success in creating social awareness for their image and products.?? During the industrial revolution, you would want to have your business on a busy street in an industrial city like New York or London.? During the Digital Revolution, you want to have your business socially aware on a busy site like Facebook, Pinterest, or LinkedIn.
Social awareness for business is the top-of-the-funnel strategy for the Digital Revolution.
People connecting on Facebook and Twitter are not looking to make purchases. However, they are open to finding information. Businesses that provide information to help their target customers will raise the brand's awareness and find success by getting consumers to the top of their sales funnel.
For example, it seems silly for someone to be friends with or to follow a brand like Kleenex.
However, if Kleenex were to share information about how to fight the common cold and provide daily tracking of cold outbreaks, people would be interested in it while using social media. The content would make the person follow Kleenex and become aware of the brand.
Social media is fueled by content, interaction, and discovery.
Businesses that understand this nature will find the most success with social media. These will be the companies that are socially aware.
Next Steps
This is an introduction to Business Social Awareness.
In the coming months, we will review further details about Social Media and what your business should be doing to increase sales through it.
Topics will include:
·???????Social Markets
·???????Social Media Users
·???????New Channels for Existing Products
You’ve seen the numbers. You’ve read the articles.
Now it’s time to understand social media and the opportunity it presents for your business.
As always, please leave me a comment and let me know what you think. If you need help in building value into your business, contact me on my direct line at 914.666.0830 or [email protected].
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To your success!