I know this may seem impossible in 2011, but I discover many companies that do not yet fully appreciate the value of social media and the long-term equity it can build for their business.

A lot of companies understand the value of their brand being visible in many places online, and some will understand the value of those people who help to grow its visibility. Only a relatively few actually look forward beyond the horizon to understand the greater value that social media represents over an extended time.

When I hear people say things like “we just don’t have time for all of that” or worse, “we don’t have the staff for that”, it always leaves me shaking my head. It reminds me why only a small percentage of businesses account for the lion’s share of their market. It is explained well by Joseph Juran’s well documented “Pareto Principle” named for Vilfredo Pareto. Many people know the Pareto Principle as the 80/20 Rule.

I am excited to hear from you if you can relate to this. Have you ever had somebody ask you to do something and use the phrase “when you have some extra time”? It may be just fine if a friend says that, while asking you to go and do something fun. When it attacks your profession, there is a line to be drawn.

I get this “extra time” concept thrown my way almost every day. I am not joking or exaggerating about this. I know that a lot of other professional service people get this, too. It is hard for a lot of people to understand that when your product is knowledge or time, it still has a cost.

Yes, even those intangible things like rubbing brain cells together to create a spark, blowing on it, and turning it into a flame actually have a real and measurable cost. So, how can we deal with this, and make it understandable to people who think there is some magical “extra time” laying around to hand out for free?

It seems apparent that old sayings like “time is money”, “you get what you pay for”, and “time is our most valuable resource” have outlived their usefulness. They have become as cliché as a passing stranger asking “how are you doing?” They don’t really want to know how you are doing when they utter that. Try it out the next time you hear it, and give them a big earful and you will see what I mean. People often overlook respect for other peoples’ time with a similar disregard.

You may say that marketing is not worth the time, effort, and monetary investment that others claim. Maybe it really isn’t what separates companies within an industry. It could just be luck which drives a company beyond their competitors’ boundaries and makes them successful in business. Maybe it is an awesome product at amazingly low cost supplied by a company that is willing to work hard while going broke. Yes, perhaps that is the real secret to success, and maybe the moon landing was a hoax, too.

The reasons for apprehension about marketing could be any of a squillion things which you can rationalize in your own mind, or it could simply be that you are scared to bankruptcy by the thought of putting a lot of money and hope into something you have pre-qualified as “doomed to fail”. Now, would you like to know why most marketing is doomed to fail, or would you rather just read another blog, buy another book, listen to another lecture, and follow what every other failed company that ever walked in your shoes did wrong?

When you think about your social media marketing efforts, it may be easy to consume yourself with all of the facts, figures, demographics, psychographics, website visitors, and how getting it all just right will help your business to succeed. I have written what feels like a squillion words about reaching the right people, being useful, gathering data, dissecting the data to measure your marketing efforts, and other fine things.

Something that I find a lot of people underestimate is the value of being liked. I do not mean “liked” in the sense of somebody clicking “Like” on Facebook, either. I mean, actually being likable and not just because you are offering your awesome stuff at spectacular prices with free shipping. I mean giving people reasons to hold you or your brand in high regard.

Each and every one of us has a level of trust among our friends. Even the worst people you will ever meet have the benefits of clout. Even if it is only their mother, there is somebody who holds them in high regard and cares about their opinion. The most common reason is that they are liked.

Have you ever been stood up? Maybe it was a date, a business meeting, a telephone call, or many other possible ways that somebody did not follow through with what they told you. Do you remember how that made you feel? I can tell you that it is one way to end up in my recycle bin, and I am not the only one who feels this way.

When people do not follow through on their words, it often becomes a personal matter. It is insulting. It can even strangely cause a sense of shame or guilt for the recipient, with thoughts like “Well, I guess I was not all that important to them.” More often, it will bring about a dismissal of the individual’s words, both past and present. It destroys trust, and in business, that is a tragic fate which often negates even the best marketing efforts.