Have you ever wondered what is standing between you and a more successful social media marketing campaign? I am not going to read your tea leaves or make a bunch of speculation here, but I will tell you where a lot of people fail miserably.
I want to relate this to something that should get your attention, and that is cost. Have you ever considered the cost of social media marketing? We can break this down in many various ways, but the fact is that social media will have a cost, whether you take action or not.
If you don’t take action with social media, it will cost you lost opportunities and dwindling market share, and that is usually the biggest cost of all. You probably understand this, or you would not be reading my “SEO and Social Media Marketing Blog”. So, I am going to take a big leap here, and assume that you intend to take action. Maybe you are already taking action, and in that case, you probably want to do it even better.
Many business people choose to spend more time than money in their social media marketing efforts. I guess they feel like the cost of time is less than the cost of money. The fear of monetary failure hits a lot of people harder than the fear of lost time.
Since your time and money are both valuable to you, I want to help you discover the least expensive hour in social media. That hour is the one spent taking in knowledge. No, not just seeking knowledge, but finding it and absorbing it. That means you will need to prepare yourself to fight the boredom and be ready to work hard at learning from others’ work. It means it is time to go back to school and treat it seriously. Just like most schooling, you will not be interested in everything you need to learn in order to be successful, but it is still there for your benefit.
I may never understand why so many people try hard to become a social media expert, but it is the way of today. I can’t fight that, and I don’t try to. I can’t understand a father studying dentistry to fix his kids’ teeth, either, but if I had a dentistry school, you can bet I would try to help them.
The Cost of Social Media: Time and Money
When you take action with social media, it will cost you time and money. You can weigh them out and spend more of one or the other, but in business, nothing comes from nothing. Regardless what you may have read somewhere on a marketing blog, success does not just come out of nowhere. Success in business comes from taking action. Not just that, it comes from taking well-calculated action.
That means you will need knowledge to balance your expenditures of time and money. Good, reliable, factual, knowledge will take the edge off, regardless how you reconcile your time and money dilemma. Think of it like a shot of whiskey before the surgeon starts cutting.
Unless you are some kind of gifted alien from another planet, or simply do not care about your business, time and money have heavy influence in your decisions. Time and money are both very precious resources to a business, and so they must be allocated with diligence.
Stop Chasing Wild Geese!
Now consider that since you don’t know it all (none of us do … even Google), knowledge is an important building block. It is why we tell our kids to go to school, and it is how we begin our careers. It is hard to dispute the value of good information, but yet, it is easy to neglect it. The Internet also makes it extremely easy to lose your attention and assume that maybe there is something even better “over there” behind the next flashy, blinky, brightly colored link.
Maybe there is something better over there, but it is even more common that it is another “wild goose chase” that will send you chasing in circles. This makes it more important than ever that once you find good and reliable resources, you hold on to them and use them and stop the goose chasing.
What is the cost of sitting in front of your computer learning? Sure, you can waste a whole lot of time. There are some astonishing statistics on how much time people waste with social media. For example, did you know that Zynga, the company that produced Farmville and Mafia Wars was recently valued at over ten billion dollars? Seriously, let’s look at that valuation in numerical format … $10,000,000,000! That says a lot about the time spent in social media websites. If you are in it to help your business, avoiding the time-wasting, and finding good resources will be essential. Ten Billion … seriously, can you believe how much time people are spending playing games? That probably includes some of your competitors, so while they cultivate their Farmville farm, you should be studying!
If you are concerned about wasting time, as I am, I hope that you will take a serious and sincere approach to this. It is easy to get caught up with the mystique and the unrealistic hype of the Internet, but if you take it seriously as a business, the results can be astonishing.
The whole thought of this occurred to me when I read and commented on a friend’s blog. My friend, Mark Harai wrote an article titled “Social Media Tire Kickers – Dead on Arrival“. It reminded me of things I tell people when they ask me about my work in social media. I will share a portion of my comment, but you may read the rest on Mark’s blog.
I often suggest to potential clients that if they don’t have enough desire to build their business to spend an hour or more in my blog archive to understand the benefits of my work, they are not ready.”
Within the context of Mark’s article and with the complete comment, I think it makes sense how much I really believe in sharing ideas and helping people create value for their business. I don’t always put it in nice and comfortable terms, but you can bet that I am very dedicated to sharing good information.
There are a lot of others out there who adhere to similar values, and I want to share a short list of them with you. If you truly want to enjoy your least expensive hour in social media, do yourself a favor and spend an hour in the archives of each of the blogs listed below. I am just going to get you started with a small selection of people I respect and trust. I have a longer list, but I would like to see yours. Who do you pay attention to, and who do you think belongs on a list of good thinkers who can help progress your efforts rather than distract you? Add your comment with a link to your favorite social media thinkers who inspire you.
- Seth Godin’s Blog (latest article)
- Andy Beal’s Marketing Pilgrim (latest article)
- Mark Harai (latest article)
- Jeff Gibbard’s Social Media Philanthropy (latest article)
I included a link to the latest article from each of these blogs, but don’t assume their latest is their greatest. Take some time to learn from them and use the knowledge they have worked hard to produce for you.
I have said it before that a small amount of good information is worth a lot more than the whole Internet’s worth of bad information. Once you get the good stuff, it is likely that your money and your time will both come into a much greater balance. I hope that you will spend some time in my blog archive as well. I have written about an extensive list of topics relating to search engine optimization, social media, and other marketing issues. They may not all interest you or inspire you, but I can say without a doubt that if you take it seriously, your time will not be wasted. I am confident that you will find useful information that you can implement to benefit your business.
Some of the best lessons in social media are the ones which inspire your own thinking and your unique adaptations to their successes. When you find those, you will be far closer to your own success.
Once more, here is the link to my archive. Don’t assume it was all written just for the sake of my own ego. It is there to be helpful.
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