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Social Networking | Should You Be Skeptical?

September 13th, 2008 admin No comments

By Paul McCord

I’m sure you’ve heard of social media. I’m sure you’ve heard what social media can do you for your business. I’m sure you’ve heard that social media is going to change your life. I’m sure you’ve heard that if you’re not involved-if you haven’t embraced social media unquestioningly and with checkbook open, you’ll be left in the trash heap of business history. I’m sure you’ve noticed that all of these dire warnings about the hell you’ll be relegated to if you fail to give your life over to the empowering wonders of social media are coming from product developers, trainers, and consultants of-social media-that is, those with a very vested in interest in its sweeping success.

Sorry, but I’m highly skeptical. Not of its value. Certainly I see value in some of it. Yet I see a lot of hype and useless techno gizmo flash in a great deal of it. In the end, I see value, not salvation. I see uses, not a revolution in how people connect and communicate. I see humans still being human-including that minority who find it safer connecting with a piece of technology than a real human, cloistered in their office or bedroom playing like they’re building a network of close associates when all they’re doing is avoiding that most frightening of all human activities-interacting with real, live, in-person humans.

As I said, I certainly see value. I see value in the ability to communicate instantaneously. Well, we had the ability to do that already, but social media allows us to mimic face to face interaction to some extent. I see the ability to find and create relationships with men and women we would not have had the opportunity to do so without the technology. I have friends and associates now that I would never had in the past. Some of these men and women live literally half way around the world from me. Some I’ve gotten to know very well. But the reality is that no matter how much time we spend communicating via email, on Skype, or through any other technological means, the relationship lacks the depth and dimensions that my one-on-one, physically in-person relationships have.

I have clients and prospects that are in countries that I know I’ll never visit. We interact, we communicate, we make real progress in changing their business. But these relationships lack the depth and dimension of those clients I deal with face-to-face.

Sure, social media gives us the opportunity to prospect in some new ways. It gives us the opportunity to find and meet people we’d never meet otherwise. It gives prospects, vendors, and the curious new ways to find us. It gives clients, competitors, and others new ways to praise us, recommend us, attack us. But it cannot give us a substitution for the experience of connecting with a human in a human way. It isn’t a substitute for living in the real world, with real world business and social relationships, with old fashioned marketing and prospecting, with a plane ticket in one hand and phone in the other. We’ll still have to have the soles of our shoes replaced, our hair combed, our suitcase packed, our car ready to go.

Few of the product developers, trainers, or consultants overtly claim that social media will replace these things. Most, if asked, will acknowledge they won’t. But when you listen to many of them, their message is something very different. I read one who claimed that if you’re not spending at least four hours a day working social media you’re doomed to fail in the coming business environment-and by the way, he’ll teach you how to do it for just a small fee of $3,500 a month.

I encourage my clients to engage social media but to reject the hype.

Some of the developers, consultants, and trainers of social media that I know think I’m doing a great disservice to my clients. Some have told me that I shouldn’t be allowed to misguide my clients in this way. I’ve been told by one that if I had any integrity I’d get out of the training industry since I don’t understand that the world has left me behind.

This in my opinion is nothing but the same hype, the same wishful thinking, the same hope that they’ve found the MECCA of business that preceded it with the telegraph, the telephone, the fax, the mobile phone, and every other advancement in technology.  All of these changed business, it didn’t revolutionize it.

It’s the Jetson’s mentality where we’re all going to be flying instead of driving, pushing a button instead of vacuuming the floor ourselves, sitting behind a computer instead of engaging humans in human relationships.

Yes, I’m skeptical and I continue to encourage my clients to be the same. Engage the technology; reject the dreams. Use the technology; forget the message of business salvation. Find the technology that is really useful to you and don’t worry about each new toy, each new tweak, each new incarnation of the business messiah. Don’t worry about rushing to be the first to embrace a new twist-if it’s really that important, it will be there later-but if you get so caught up in the hype that you invest your life in it, will your business be there later?

Paul McCord is a leading authority on prospecting, referral selling, and personal marketing.  He is president of McCord Training, a Midland, Texas based sales training, coaching, and consulting company.  His first book, Creating a Million Dollar a Year Sales Income: Sales Success through Client Referrals (John Wiley and Sons, 2007), is an Amazon and Barnes and Noble best-seller and is quickly becoming recognized as the authoritative work on referral selling.  His second book, SuperStar Selling: 12 Keys to Becoming a Sales SuperStar has just been released.  He may be reached at pmccord@mccordandassociates.com or visit his sales training website at www.mccordandassociates.com or his highly popular blog http://salesandmanagementblog.com

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Are SEO and Paid Search Past Their “sell by” Dates

September 5th, 2008 admin No comments

by Steve Reeves, CEO of www.FrontBoxOffice.com

The end is nigh, for me at least!

Pundits have commented for some time now that Search Engine Optimization and Paid Search is an advertising strategy which benefits only Google and marketing experts. For novices it’s a black hole to pore their future down.

Now it’s becoming a strategy even experts can’t exploit. The Internet is a modern day wild west with people who understand it’s complexities exploiting those of us who don’t.

How many people have noticed a change in the way Google ranks results when we use it to research products and services? Google now selects premium rate advertisers first, then content from social media sites (the content network) and eventually marketing sites.

What this means, to me at least, is SEO is a complete waste of time. Regardless of how good it is, we only get to show on the back pages. With Google’s preference for content, any marketer is forced into the auction for keyword clicks if he wants to get a look in.

Google no longer puts willing buyers and sellers together for free. What it does is share its’ ill-gotten gains with the people who feed it stuff to put in its’ results.

The ranking is:

1. Premium rate advertisers
2. Bloggers who provide the content network
3. Other “content”
4. Optimized sites
5. The rest

by which time the searcher is at page 176.

Google Ads is a nightmare for anybody wanting to use Paid Search to generate a profit. There are three groups of advertisers competing for top rankings, and they don’t care what it costs.

* Major vendors – in our case salesforce – intend to dominate high ranking results as a way of limiting competition.
* Close competitors who need, and can afford, to respond – in our case Oracle, Netsuite etc.
* Government and quasi government organizations with budgets to spend regardless of payback.

Any vendor who doesn’t fit into one of these groups is going to have a hard time finding a low cost route to market through keyword search.

(On top of this Google Ads may not even get to people using Firefox 3.0. There’s an add on which allows the user to stop the browser displaying ads. Of course it doesn’t come from Google, but it does work.)

Today I came across the most frightening abuse.

Marketing guru Seth Godin is advising people who read blog posts to thank the author by clicking one of his/her ads.

Don’t know about you, but I don’t want my marketing budget being spent by people, with no interest in what I’m promoting, just so they can be nice to bloggers. Sounds like the content network is useless as well.

What this means is all those people who spend their time writing and reading each others pontifications can make money for each other forming “you click on mine, and I’ll click on yours” groups. The serious business ends up paying for it, but not for long. Serious business people aren’t stupid.

And finally I invite any marketing guru to correct my thinking. None of the ones I’ve asked so far have come back with corrections.

Steeve Reeves is the CEO of Front Box Office, a cutting edge Business 2.0 company. With more than 30 years in sales, Steve is now focused on developing technology solutions that help sales professionals, consultants, and business owners connect with their prospects and customers easily and effectively.

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