How to get ROI through social networking
Social media is an online method of networking, which is, by its nature, a long term activity. It’s the word ‘networking’ that should give you a clue, which, as every veteran networker will tell you, is all about forming relationships, gaining trust, building your reputation and raising your expertise status within your industry or niche.
Novices and sceptics of social networking often ask about how do you get a ROI (return on investment) within this activity. This is because they have failed to understand the concept of ‘networking’, and have mixed it up with ‘sales’, which it definitely isn’t. It’s also a more relaxed form of marketing, spread over the long term, with any results (or ROI) materialising as you become more successful and expert at it, and when people learn more about what you do and the kind of person you are.
If you are canny, and provide plenty of examples and case-studies within your articles and blog posts, showing through online activity what you’re like and what you can produce, what you’ve done for others and examples of their success, you will build up an extensive list of followers, friends and connections, which all aid towards sharing and extending your audience and therefore your business’s visibility.
Two more things to consider: 1) it’s adviseable to have a proper focus for your social networking, and 2) it cannot succeed through short, intensive burst of activity with long periods of slack in between. Networking works best through long-term drip-feed marketing strategies over a period of time, with consistency having more effect than sporadic quantity.
Social networking works best with a sociable focus in mind. Forget all your business processes for a little while and concentrate on recognition of those you are following by showing an interest in them, remembering your past conversations and their activities, with plenty of altruism which can go a long way. And it’s certainly worth your while taking the trouble to learn the etiquette of your chosen form of social networking, as each are different for their own reasons, and one method may not work or be appreciated within another.
Now your business mind can clock back into action, and start meausuring your activities (discreetly) to see how you are improving and how much your activies are noted, shared, actioned and talked about. Use the focus you have chosen wisely and remember not to sell, and eventually, if you do all of that, you’ll get your ROI.