There’s no ROI in Social Media… if you suck at it

by JD Rucker on November 25, 2009 · 8 comments

Yes, it’s a cruel and uncalled-for statement. It’s also one that needs to be stated. I know I’ve been ranting a lot lately (this is the second one) but sometimes the best way to be constructive is to slap people across the face and say, “Wake up!”

ROIThere is a return on investment with properly run, strategically planned social media campaigns. This has been proven over and over again by businesses big and small who are willing to do more than just hire any old consultant who has a sharp pitch and a sharper business suit. The problem isn’t with the companies or the products themselves. The issue that we face right now is that there are so many so-called social media consultants out there that don’t have a clue that it’s giving the industry a bad name.

Erik Qualman from Socialnomics put together another superb video to demonstrate that there IS ROI in social media if it’s done right.

Read more about social media strategy on this blog.

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TechKive » Blog Archive » There’s no ROI in Social Media… if you suck at it
November 22, 2009 at 7:55 am

{ 7 comments… read them below or add one }

Brian Pasch November 22, 2009 at 5:18 am

Jim, great title and I couldn’t agree with you more. I recently wrote an article that called out an example of a company claiming to be both and SEO and Social media consulting firm…and they just didn’t have the goods to back that up.

http://www.drivingsales.com/blogs/paschconsulting/2009/11/20/the-social-media-king-had-no-clothes

Larry Bruce November 22, 2009 at 6:24 am

JD cool video gets the point across well, but I think the point is already across. I was with a group of dealers last week where I was challenged to stop telling them that social media is important and start telling them exactly what they should be doing about it.

“We know we need to be in it Larry, now give us a road map for getting it done.”

I posted a commented on another post by someone claiming to hate Chris Brogan and talking about the “Experts” in social media (the post was a grandstand and doesn’t deserve a link here that is why I am not mentioning the name of the post or liking to it). The comment was basically that there are no “Experts” in social media, just a lot of opinions right now.

“I think the only bad thing you can do in social media is to not get involved right now, jump in with both feet and engage in the conversation. In the end it is going on with or without you”

That’s how I started this road map for these dealers on social media. Three other step I gave these dealers coming from what I have learned from you and others as well as through my own experience at Motortrendsonline.com

1. First Listen – set up a listening post through Google Reader and Technorati. It’s hard to engage customers about what they are talking about unless you listen first.
Setup a Gmail account (if you don’t already have one)
Go to http://www.google.com/reader this is your listening post

Go to http://www.technorati.com type your name, your companies name in quotes in the search bar when the search results come up right click the RSS feed button copy the link location
Go back to http://www.google.com/reader click the blue plus (+) button and past the link in Google reader. Do this for your name, your dealerships name, your OEM, models ect. and start with listening to the conversation first.

2. Setup a Facebook account and a fan page, Unblock Facebook access for you employees have them join your face book as friends and join your fan page. One of the first lessons I learned in Auto Sales in 1984 was to compile a friends and family list and work with them to get sales and referrals, My god here is a way to do that at the speed of light. Stop blocking your people from doing this from work, relationships are their work.

3. When you do engage in the conversation do so to help, not to sell but genuinely help the customer get what they want.
Be authentic – say what you mean and do what you say
Be Genuine – you have want to do what you say you’re going to do…you might have to do it.
Be Helpful – sometimes being helpful means going out of your way to do something nice for someone FOR FREE.

JD I know you can add to this list so lets do so and take our own advice above. As Chris said in a blog post on competition “The best way to compete today…help” that is sound advice for anyone today competing in business of any kind.

Larry Bruce (@pcmguy)

JD Rucker November 22, 2009 at 8:02 am

Brian, I loved that article and tried to leave a comment, but after 4 paragraphs and 15 minutes of composing, it timed me out and I lost it. I’ll rewrite it soon.

Catherine November 22, 2009 at 2:23 pm

Great video.
Some facts are awsome! Just could not believe profits jump up that dramatically. Social media is a strong and powerful means of reaching thousands of potential customers.

koningwoning November 24, 2009 at 8:48 am

I wish it would just stay @ social media experts. Over here in the Netherlands it’s not only social media experts… it overall internet experts. People who have two years of SEO/SEA experience, or who have worked three years at a publisher, in sales, step over into the consulting realm and feed crap to advertisers.
In the land of the blind……

Annie Sorensen November 24, 2009 at 12:16 pm

JD, powerful vid, something that can easily be shared to help explain the crazy phenomenon that is online social media (soon to be called simply ‘media’).

What’s most amazing to me is, regardless of the numbers, the vast majority of companies large and small still ignore SM, calling it a fad, a waste of time, silly. It’s THAT that I almost find more fascinating than the success of companies that DO get it.

JD Rucker November 24, 2009 at 10:55 pm

@Catherine – I love the facts that they dig up at Socialnomics. It’s a bit skewed sometimes, but definitely effective.

@koningwoning – Definitely. It’s the lack of research and information that is making the social media boom an opportunity for fakes and scammers.

@Annie – great point! I can see it soon becoming simply “Media”. It would make more sense since radio, television, and print are all heading online anyway and going Web 2.0.

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