Tech Expert Scott Klososky on Leveraging Social Media

👣 76 Innovative Steps: From Content To Conversion!

VIDEO SUMMARY​

The Path to Prosperity: Key Steps to Skyrocket Your Social Media Game

Hey there, all you savvy social media enthusiasts! 🌟

Feeling like your digital marketing game could use a serious upgrade? 🔥

Well, buckle up because we’re about to take you on a wild ride through the ever-evolving world of social media marketing! 🚀

Imagine this: You’re scrolling through your feed, minding your own business, when suddenly you stumble upon a post that stops you dead in your tracks. 💡

It’s like finding a hidden gem in a sea of cat memes and food pics! 😂

We’re talking about the power of customer intelligence, folks! Ever wondered how some businesses seem to know exactly what you want before you even know it yourself? 🔍

It’s all about diving deep into the minds of your customers, learning their quirks and preferences, and using that knowledge to blow their socks off with killer marketing strategies! 🤯

From LinkedIn to Twitter, Facebook to blogging, we’ve got the inside scoop on the tools and techniques you need to skyrocket your business to success! 💥

So, are you ready to unleash the full potential of your social media presence? 💬

Let’s dive in and revolutionize the way you connect with your audience! 🚀

Don’t just take our word for it, come see for yourself! 👈

#SocialMediaMastery #CustomerIntelligence #GameChanger

Step-by-Step Guide

Step 1: Understanding the Core Business Components

Description:

This step involves grasping the fundamental aspects that contribute to a business’s success, focusing particularly on innovation and marketing, as highlighted by Peter Drucker.

Implementation:

  1. Acknowledge that businesses fundamentally rely on two pillars: innovation and marketing.
  2. Recognize that innovation isn’t always about complex technological advancements; it often revolves around finding better ways to serve customers and add value to their lives.

Specific Details:

  • Understand that innovation entails continuously seeking ways to improve products or services to outperform competitors.
  • Realize that marketing plays a pivotal role in ensuring the visibility and success of innovative products or services.
  • Emphasize the importance of balancing both innovation and marketing strategies for sustained competitive advantage.

Step 2: Importance of Effective Marketing

Description:

This step emphasizes the critical role of marketing in determining the success of a product or service, surpassing even the quality of the offering itself.

Implementation:

  1. Grasp the concept that having the best product or service alone isn’t sufficient for success; effective marketing is equally crucial.
  2. Understand that superior marketing can elevate an average product/service to a level of dominance in the market.

Specific Details:

  • Acknowledge that despite having superior offerings, businesses can lose out to competitors with more effective marketing strategies.
  • Highlight the significance of strategic marketing in creating brand awareness, customer engagement, and market penetration.
  • Recognize that a combination of superior product/service and exceptional marketing efforts is key to long-term market dominance.

Step 3: Recognizing the Importance of Technology in Business

Description:

This step highlights the significance of technology as a powerful tool for businesses to gain a competitive edge and succeed in the modern market landscape.

Implementation:

  1. Understand that technology plays a crucial role in enhancing business capabilities and competitiveness.
  2. Acknowledge the analogy of being an “arms dealer,” indicating proficiency in providing businesses with effective technological solutions.

Specific Details:

  • Emphasize the analogy of technology as modern weaponry, essential for navigating the competitive business environment.
  • Realize the immense power and potential of technology in enabling businesses to thrive and achieve their objectives.

Step 4: Frustration with Underutilization of Technology

Description:

This step addresses the frustration associated with the underutilization of technology by business leaders and owners despite its vast potential.

Implementation:

  1. Acknowledge the frustration stemming from the reluctance of many business professionals to embrace and leverage available technological tools.
  2. Recognize the missed opportunities resulting from the slow adoption of technology in business operations.

Specific Details:

  • Express disappointment in witnessing the stagnation and reluctance among business leaders to explore and utilize available technological advancements.
  • Highlight the paradox of living in an era abundant with technological resources yet witnessing slow progress in technological adoption within the business community.
  • Stress the importance of embracing technology to capitalize on the vast opportunities it presents for business growth and innovation.

Step 5: Importance of Revenue Generation and Customer Relationships

Description:

This step underscores the significance of revenue generation and the cultivation of strong customer relationships for sustainable business growth.

Implementation:

  1. Recognize the importance of both generating new revenue streams and nurturing existing customer relationships for long-term success.
  2. Understand that retaining current customers is often more cost-effective and beneficial than acquiring new ones.

Specific Details:

  • Emphasize Tony Robbins’ principle that existing revenue is valuable and should be prioritized for future sustainability.
  • Acknowledge the need for businesses to evolve their sales models to adapt to changing market dynamics and consumer behaviors.

Step 6: Introduction to Digital Marketing

Description:

This step introduces the concept of digital marketing and its growing significance in driving revenue for businesses.

Implementation:

  1. Define digital marketing as the utilization of online channels and platforms to promote products or services and engage with target audiences.
  2. Highlight the effectiveness of digital marketing in generating revenue and its role in capturing market share.

Specific Details:

  • Stress that while traditional marketing methods remain relevant, digital marketing is increasingly vital for maintaining competitiveness.
  • Explain that mastering digital marketing requires dedicated effort and continuous learning due to its complexity and evolving nature.
  • Clarify that digital marketing encompasses various tools and strategies beyond social media platforms like Facebook, necessitating comprehensive understanding and investment.

Step 7: Complexity and Learning Curve of Digital Marketing

Description:

This step addresses the complexity and learning curve associated with digital marketing, emphasizing the need for commitment and continuous education.

Implementation:

  1. Acknowledge the complexity of digital marketing and the multitude of tools and strategies involved.
  2. Encourage a proactive approach to learning and staying updated with digital marketing trends and techniques.

Specific Details:

  • Highlight that mastering digital marketing requires time and effort, and there’s no shortcut to understanding its intricacies.
  • Emphasize that merely having a presence on one platform, such as Facebook, is insufficient for effective digital marketing.
  • Encourage businesses to invest in digital marketing education and resources to maximize its potential for revenue generation.

Step 8: Interactive Q&A Throughout the Session

Description:

This step encourages active participation by allowing attendees to ask questions throughout the session.

Implementation:

  1. Establish an interactive environment by welcoming questions from attendees at any point during the presentation.
  2. Commit to addressing relevant questions and providing clarifications during breaks in the discussion.

Specific Details:

  • Encourage attendees to engage with the content by asking questions and seeking clarification on topics discussed.
  • Allocate time periodically to address audience questions and ensure their understanding of the material presented.

Step 9: Overview of Web 2.0 and Its Evolution

Description:

This step provides an overview of the evolution of the internet, transitioning from Web 1.0 to Web 2.0 and the upcoming Web 3.0.

Implementation:

  1. Understand the progression from Web 1.0, characterized by e-commerce and connected organizations, to Web 2.0, emphasizing connected people.
  2. Acknowledge the imminent transition to Web 3.0, which focuses on connected devices.

Specific Details:

  • Recognize the significance of Web 2.0 in driving social interactions and shaping online communities.
  • Anticipate the future impact of Web 3.0, where interconnected devices will further influence digital experiences and interactions.

Step 10: Three Pillars of Web 2.0: Social, Mobile, and Cloud

Description:

This step highlights the three essential components of Web 2.0: social, mobile, and cloud technologies.

Implementation:

  1. Understand the interdependence and synergy between social, mobile, and cloud technologies in driving digital innovation and connectivity.
  2. Recognize the pivotal role of cloud delivery in enabling social technologies and mobile experiences.

Specific Details:

  • Emphasize the interconnectedness of social, mobile, and cloud technologies, forming a cohesive ecosystem for online interactions and data sharing.
  • Acknowledge the prevalence of cloud-based applications in facilitating various social platforms and services.
  • Highlight the significance of mobile devices as primary access points for social interactions and online searches.

Step 11: Understanding Social Technologies: Social Relevance, Media, and Networking

Description:

This step introduces key concepts related to social technologies, including social relevance, media, and networking.

Implementation:

  1. Differentiate between social relevance, social media, and social networking, understanding their distinct roles in online presence and engagement.
  2. Recognize the importance of managing online reputation, delivering content through various media channels, and leveraging social networking platforms for communication and outreach.

Specific Details:

  • Define social relevance as the perception of individuals, businesses, and products online, shaped by reputation and online presence.
  • Explain social media as platforms for delivering content, encompassing various mediums such as videos, infographics, and presentations.
  • Identify social networking platforms like LinkedIn, Facebook, and Twitter as channels for building connections, engaging with audiences, and fostering relationships.

Step 12: Impact of Social Technologies on Business Behavior and Consumer Dynamics

Description:

This step discusses the transformative impact of social technologies on consumer behavior and business practices.

Implementation:

  1. Understand how social technologies have reshaped consumer expectations, preferences, and interactions with businesses.
  2. Recognize the need for businesses to adapt their strategies and embrace social technologies to meet evolving consumer demands and preferences.

Specific Details:

  • Highlight the significant influence of social technologies on customer engagement, brand perception, and purchasing decisions.
  • Emphasize the importance of businesses integrating social technologies into their operations to remain competitive and responsive to consumer needs.
  • Encourage proactive adaptation and utilization of social technologies to enhance customer experiences and drive business growth.

Step 13: Digital Marketing’s Impact on Prospect Acquisition and Customer Relationships

Description:

This step highlights the transformative impact of digital marketing on prospect acquisition and customer relationship management across businesses of all sizes.

Implementation:

  1. Understand that digital marketing fundamentally alters the process of finding prospects and nurturing customer relationships.
  2. Recognize the importance of embracing digital marketing to remain competitive and avoid being left behind by competitors.

Specific Details:

  • Acknowledge that digital marketing is reshaping how businesses engage with prospects and customers, regardless of their size or industry.
  • Emphasize the risk of falling behind competitors if businesses fail to adopt and leverage digital marketing strategies effectively.
  • Highlight the role of digital marketing as a critical tool for driving revenue growth and maintaining relevance in today’s digital landscape.

Step 14: Inbound Marketing: Cost-Effectiveness and Efficiency

Description:

This step introduces the concept of inbound marketing and its cost-effectiveness compared to traditional outbound methods.

Implementation:

  1. Understand that inbound marketing involves using digital channels such as search engine optimization (SEO), blogging, websites, and social media to attract leads and drive revenue.
  2. Acknowledge the significant cost savings associated with inbound marketing strategies compared to traditional outbound approaches.

Specific Details:

  • Highlight statistics indicating that inbound marketing costs 61% less per lead compared to traditional outbound methods, as reported by HubSpot.
  • Emphasize the efficiency and effectiveness of inbound marketing in generating leads and driving revenue growth.
  • Encourage businesses to prioritize inbound marketing strategies to maximize cost savings and achieve sustainable growth.

Step 15: Addressing Audience Questions and Concerns

Description:

This step involves addressing audience questions and concerns regarding digital marketing strategies and applications.

Implementation:

  1. Respond to audience questions in real-time, providing clarifications and additional insights as needed.
  2. Offer guidance and examples to help attendees better understand digital marketing concepts and their relevance to different business contexts.

Specific Details:

  • Assure attendees that they will have access to presentation materials, including slides, after the session for future reference.
  • Clarify distinctions between business-to-business (B2B) and business-to-consumer (B2C) digital marketing strategies, highlighting their equal importance and effectiveness.
  • Provide examples and tips on optimizing email marketing efforts, emphasizing the importance of providing value to recipients and avoiding spamming practices.

Step 16: Continued Engagement and Learning

Description:

This step encourages continued engagement and learning in digital marketing to stay competitive and adapt to evolving market trends.

Implementation:

  1. Stress the importance of ongoing education and staying updated with digital marketing trends and best practices.
  2. Offer resources and support for attendees to further their digital marketing knowledge and skills beyond the session.

Specific Details:

  • Encourage attendees to explore additional resources and seek further education on digital marketing topics of interest.
  • Provide contact information for additional support or inquiries, such as requesting copies of presentation materials.
  • Reiterate the significance of embracing digital marketing transformation for long-term business success and competitiveness.

Step 17: Utilize LinkedIn Effectively

Description:

LinkedIn serves as a modern-day Rolodex with extensive networking capabilities, making it essential for professional connections and business growth.

Implementation:

  1. Create a comprehensive LinkedIn profile showcasing your professional background, skills, and expertise.
  2. Connect with industry professionals, potential clients, and relevant contacts to expand your network.
  3. Engage in LinkedIn groups and discussions to establish thought leadership and nurture relationships.

Specific Details:

  • Emphasize the importance of actively using LinkedIn for networking, prospecting, and marketing purposes.
  • Encourage regular updates and engagement on LinkedIn to stay visible and connected within your industry.

Step 18: Understand the Role of Facebook

Description:

While Facebook may be more suitable for certain businesses, understanding its role and potential is essential for digital marketing strategies.

Implementation:

  1. Learn how to use Facebook effectively for marketing, communication, and customer engagement.
  2. Determine the relevance of Facebook for your specific business and target audience.

Specific Details:

  • Recognize that Facebook’s significance varies depending on the nature of your business, with greater relevance for business-to-consumer (B2C) interactions.
  • Focus on building a presence on Facebook that aligns with your brand identity and target market, utilizing features such as business pages, groups, and ads strategically.

Step 19: Harness the Power of Twitter

Description:

Twitter offers valuable opportunities for both communication and listening, making it a mandatory tool for businesses seeking to stay informed and engaged.

Implementation:

  1. Actively engage on Twitter by sharing relevant content, participating in conversations, and networking with industry experts and customers.
  2. Use Twitter as a listening tool to monitor industry trends, customer feedback, and competitor activity.

Specific Details:

  • Allocate time for both active participation and passive observation on Twitter to maximize its utility for your business.
  • Follow industry leaders, influencers, and relevant accounts to stay informed and build relationships within your industry community.

Step 20: Stay Updated and Engage Proactively

Description:

Continuously updating your digital marketing strategies and engaging proactively with relevant platforms and audiences are essential for long-term success.

Implementation:

  1. Regularly assess and adjust your digital marketing approach based on emerging trends, audience preferences, and platform updates.
  2. Actively seek opportunities to engage with your audience, respond to inquiries, and provide valuable content and resources.

Specific Details:

  • Emphasize the importance of adaptability and flexibility in digital marketing strategies to remain relevant and effective over time.
  • Encourage ongoing learning and experimentation with new tools, tactics, and platforms to stay ahead of the curve and capitalize on emerging opportunities.

Step 21: Utilize Expert Identification Tools

Description:

Identify industry experts and thought leaders using tools like 1200 K to gain insights and stay informed about relevant trends and discussions.

Implementation:

  1. Utilize tools such as 1200 K to search for keywords and identify experts in your field.
  2. Follow and engage with these experts on platforms like Twitter to access valuable industry insights and information.

Specific Details:

  • Regularly monitor updates and contributions from identified experts to stay abreast of industry trends and developments.
  • Leverage expert content and discussions to enhance your own knowledge and understanding, contributing to your professional growth.

Step 22: Incorporate Blogging into Your Strategy

Description:

Blogging serves as a powerful tool for establishing thought leadership, maintaining regular communication with your audience, and driving engagement.

Implementation:

  1. Develop a blogging strategy that aligns with your business objectives and target audience preferences.
  2. Create and publish high-quality, relevant content on a consistent basis to attract and engage your audience.

Specific Details:

  • Focus on providing valuable insights, tips, industry updates, and solutions to your audience’s pain points through your blog posts.
  • Encourage interaction and feedback from readers to foster a sense of community and strengthen customer relationships.

Step 23: Leverage Social Media Channels

Description:

Utilize various social media platforms, such as YouTube, SlideShare, Flickr, etc., to share content, engage with your audience, and enhance your online presence.

Implementation:

  1. Establish accounts on relevant social media platforms that align with your business goals and target audience demographics.
  2. Create and share diverse content formats, including videos, presentations, infographics, and images, to captivate and inform your audience.

Specific Details:

  • Utilize social media channels to distribute your content, amplify your brand’s visibility, and drive traffic to your website or other online assets.
  • Explore additional features and functionalities offered by each platform to maximize your reach and engagement potential.

Step 24: Implement Listening and Search Tools

Description:

Utilize listening and search tools to monitor mentions of your brand, products, or competitors, enabling proactive engagement and reputation management.

Implementation:

  1. Set up alerts and notifications using tools like Google Alerts or more advanced platforms like Sysomos and Radian6.
  2. Monitor mentions of your brand, personal name, product names, and competitors to stay informed and responsive to online conversations.

Specific Details:

  • Regularly review and analyze the data provided by listening and search tools to identify trends, opportunities, and potential issues requiring attention.
  • Develop strategies for proactive engagement and reputation management based on insights gathered from monitoring online conversations and mentions.

Step 25: Identify Necessary Tools

Description:

Before starting, it’s crucial to identify the tools needed for aggregating information and gaining customer intelligence.

Implementation:

  1. Research Tools: Explore professional enterprise-class tools available in the market for aggregating information. These tools often require payment but provide comprehensive features for data collection and analysis.
  2. Free Tools Exploration: Look into free tools like Netvibes, Flipboard, and Google Reader. These platforms offer basic functionalities for aggregating information without any financial investment.

Specific Details:

  • Professional enterprise-class tools offer advanced features but come with a cost.
  • Free tools like Netvibes, Flipboard, and Google Reader provide accessible options for information aggregation without financial constraints.

Step 26: Understanding the Importance

Description:

Recognize the significance of aggregating information and gaining customer intelligence in today’s knowledge economy.

Implementation:

  1. Knowledge Economy Awareness: Understand that success in the knowledge economy hinges on being informed and intelligent.
  2. Continuous Learning: Acknowledge the need to constantly harvest information about your industry, competitors, product lines, and other relevant aspects.

Specific Details:

  • In a knowledge economy, staying informed and intelligent is essential for success.
  • Actively gather information related to your industry, competitors, and product lines on a daily basis.

Step 27: Customer Intelligence Definition

Description:

Define customer intelligence and its importance in business strategy.

Implementation:

  1. Definition: Understand customer intelligence as the process of acquiring extensive information about customers.
  2. Strategic Importance: Recognize that organizations with deep customer intelligence gain a competitive edge in the market.

Specific Details:

  • Customer intelligence involves acquiring comprehensive information about customers’ preferences, behaviors, and demographics.
  • Deep customer intelligence enables organizations to tailor marketing strategies and drive customer behavior effectively.

Step 28: Expanding Customer Knowledge

Description:

Emphasize the need to expand beyond basic customer data and delve deeper into understanding customer behaviors and preferences.

Implementation:

  1. Beyond Basic Data: Move beyond basic customer information like name, address, and contact details.
  2. Understanding Customer Behavior: Focus on learning about customer behaviors, preferences, and motivations.

Specific Details:

  • Basic customer data like contact details is insufficient for effective marketing and customer engagement.
  • Understanding customer behavior allows for targeted marketing campaigns and personalized customer experiences.

Step 29: Learning from Examples

Description:

Learn from successful examples of utilizing customer intelligence, such as political campaigns.

Implementation:

  1. Case Study Analysis: Study successful examples like Obama’s presidential campaigns and their use of technology and data analytics.
  2. Applying Lessons: Extract lessons from these examples and apply them to your own business strategies.

Specific Details:

  • Analyze how successful political campaigns utilized technology and data analytics to understand and engage voters effectively.
  • Apply insights from these examples to enhance customer intelligence strategies within your organization.

Step 30: Utilizing Social Technologies for Voter Engagement

Description:

Understand the power of social technologies in engaging voters and influencing their behavior during political campaigns.

Implementation:

  1. Real-time Messaging: Utilize social platforms like Facebook to target specific voter segments based on their demographics and interests.
  2. Personalized Messaging: Craft personalized messages addressing individual concerns and motivations to encourage voter turnout.
  3. Direct Mobile Engagement: Implement direct mobile engagement strategies, such as sending personalized messages directly to voters’ mobile phones, urging them to take action.

Specific Details:

  • Target specific voter segments on social media platforms based on demographic and interest data.
  • Tailor messages to address individual concerns and motivations, enhancing the effectiveness of voter engagement efforts.
  • Utilize mobile platforms for direct communication, sending personalized messages to prompt immediate action, such as voting or contacting others to encourage voting.

Step 31: Learning from Political Campaign Strategies

Description:

Extract lessons from successful political campaign strategies, such as Obama’s use of data analytics and targeted messaging.

Implementation:

  1. Case Study Analysis: Study successful political campaign strategies, including Obama’s utilization of technology and data analytics for voter engagement.
  2. Applying Lessons: Apply insights from political campaign strategies to business customer engagement strategies, focusing on personalized messaging and targeted outreach.

Specific Details:

  • Analyze the effectiveness of data analytics and targeted messaging in political campaigns for engaging voters.
  • Apply similar strategies to business customer engagement efforts, emphasizing personalized messaging and targeted outreach based on customer data.

Step 32: Basics of Social Technology Utilization

Description:

Understand the fundamental steps for utilizing social technologies, starting with LinkedIn as an example.

Implementation:

  1. Decision-making: Determine whether to use the free or paid version of social platforms based on business needs and objectives.
  2. Connecting with Contacts: Connect with as many relevant contacts as possible to leverage their networks for information and support.
  3. Developing Warm Leads: Learn to use social platforms to develop warm leads by identifying key contacts and seeking introductions.
  4. Surveillance: Use social platforms for surveillance, monitoring status updates and changes within your network for business insights.

Specific Details:

  • Consider upgrading to the paid version of social platforms for additional capabilities and features.
  • Leverage social networks for crowdsourcing by connecting with a diverse range of contacts for information and support.
  • Utilize social platforms like LinkedIn to identify key contacts and develop warm leads through introductions.
  • Monitor status updates and changes within your network for business opportunities and insights.

Step 33: Utilizing LinkedIn for Business Purposes

Description:

Understand the various ways LinkedIn can be leveraged for business growth, including surveillance and lead generation.

Implementation:

  1. Decision-making: Determine whether to use the free or paid version of LinkedIn based on business objectives, such as revenue generation.
  2. Connecting with Contacts: Build a diverse network of contacts to leverage for information and support, facilitating crowdsourcing and collaboration.
  3. Developing Warm Leads: Utilize LinkedIn to identify key contacts and develop warm leads through introductions and connections.
  4. Surveillance: Monitor status updates and changes within your network to stay informed about potential business opportunities, such as job changes or company relocations.

Specific Details:

  • Consider the paid version of LinkedIn for enhanced capabilities, especially for sales-focused roles.
  • Connect with a wide range of contacts to maximize networking potential and access to information.
  • Use LinkedIn to identify warm leads and initiate connections for business opportunities.
  • Monitor status updates and changes within your network for potential sales triggers, such as job changes or company relocations.

Step 34: Recommended Listening and Aggregation Tools

Description:

Discover recommended tools for listening to and aggregating information from various sources.

Implementation:

  1. Research Tools: Explore tools like Sysomos and Radian6, which are highly regarded for business use in listening to and aggregating information.
  2. Google Search: Conduct a Google search for a comprehensive list of listening and aggregation tools available in the market.

Specific Details:

  • Sysomos and Radian6 are recommended tools for businesses seeking to listen to and aggregate information from multiple sources.
  • Conducting a Google search can provide a broader range of options for listening and aggregation tools tailored to specific business needs.

Step 35: Understanding Pinterest as a Social Networking Site

Description:

Classify Pinterest as a social networking site rather than just a social media platform.

Implementation:

  1. Networking Site Classification: Understand Pinterest as a social networking site designed for connecting users based on shared interests and preferences.

Specific Details:

  • Pinterest functions as a social networking site where users connect and interact based on shared interests, making it more than just a platform for sharing pictures.

Step 36: Explanation of Aggregation and Filtering

Description:

Clarify the concepts of aggregation and filtering for effective information management.

Implementation:

  1. Aggregation Definition: Understand aggregation as the process of gathering and consolidating information from various sources into a centralized platform.
  2. Filtering Information: Filter through aggregated data to extract relevant and valuable insights for decision-making.

Specific Details:

  • Aggregation involves pulling down information from multiple sources into a single platform for easy access and review.
  • Filtering allows users to sift through aggregated data to identify relevant and valuable insights, optimizing decision-making processes.

Step 37: Expanding Customer Intelligence

Description:

Understand the importance of gathering comprehensive customer data beyond basic information.

Implementation:

  1. Data Collection: Gather extensive customer data including demographics, preferences, interests, and past behaviors.
  2. Utilizing Social Sites: Leverage social platforms to collect additional information such as preferred social sites and interests.

Specific Details:

  • Beyond basic contact information, gather data on customer preferences, interests, and demographics.
  • Utilize social platforms to gather insights into preferred social sites and online behaviors.

Step 38: One-to-One Digital Marketing Concept

Description:

Learn about the concept of one-to-one digital marketing and its components.

Implementation:

  1. Customer Intelligence Integration: Integrate comprehensive customer intelligence into digital marketing strategies.
  2. Unique Relationship Building: Focus on building unique relationships with customers based on individual preferences and behaviors.

Specific Details:

  • One-to-one digital marketing utilizes customer intelligence to tailor marketing efforts to individual preferences and behaviors.
  • The goal is to build unique relationships with customers to influence their actions and drive revenue.

Step 39: Elements of Digital Marketing

Description:

Understand the five key elements of digital marketing and their significance.

Implementation:

  1. Web Properties: Establish and optimize web properties, including websites and mobile applications, as destinations for customer engagement.
  2. Social Technologies: Utilize social media platforms for customer interaction and engagement.
  3. Mobile Applications: Develop mobile applications to reach customers on mobile devices.
  4. Traffic Drivers: Implement strategies to drive traffic to web properties, social media platforms, and mobile applications.
  5. Measurement: Employ metrics and analytics to measure the effectiveness of digital marketing efforts.

Specific Details:

  • Digital marketing comprises web properties, social technologies, mobile applications, traffic drivers, and measurement tools.
  • Each element plays a crucial role in attracting and engaging customers while measuring the success of marketing efforts.

Step 40: Integration and Simplification

Description:

Understand the importance of integrating digital marketing elements and simplifying strategies for effective implementation.

Implementation:

  1. Integration: Integrate web properties, social technologies, and mobile applications to create a seamless customer experience.
  2. Constituent-Based Design: Design digital marketing initiatives with a focus on customer segments and their unique needs.

Specific Details:

  • Integrate web properties, social technologies, and mobile applications to provide a cohesive customer experience across platforms.
  • Design digital marketing initiatives with customer segments in mind, tailoring strategies to meet the specific needs of each segment.

Step 41: Designing Customer-Centric Content

Description:

Create content that adds value to the customer experience rather than focusing solely on promotional material.

Implementation:

  1. Value-Oriented Approach: Prioritize providing valuable and informative content to your audience.
  2. Blogging Guidelines: Avoid turning blogs into promotional tools; instead, focus on delivering content that enriches the audience’s lives.

Specific Details:

  • Content should be designed to engage and benefit the audience, building trust and loyalty over time.
  • Follow guidelines such as the “four-to-one” rule, where personal content outweighs promotional content, to maintain audience engagement.

Step 42: Measuring Marketing Effectiveness

Description:

Utilize metrics and analytics to measure the effectiveness of digital marketing efforts.

Implementation:

  1. Metrics Tracking: Implement tracking tools to monitor the performance of marketing campaigns across various channels.
  2. Data Analysis: Analyze collected data to identify trends, insights, and areas for improvement.

Specific Details:

  • Measure the success of digital marketing campaigns by tracking metrics such as website traffic, engagement rates, and conversion rates.
  • Use data analysis to gain insights into customer behavior and preferences, enabling informed decision-making.

Step 43: Understanding the Evolution of Customer Relationships

Description:

Understand the shift in customer relationships from traditional to digital platforms.

Implementation:

  1. Historical Context: Recognize the historical reliance on word-of-mouth, traditional advertising, and in-person interactions for lead generation.
  2. Impact of Web: Acknowledge the impact of websites on commoditizing products and breaking the human connection in some industries.

Specific Details:

  • The advent of websites has both facilitated e-commerce and disrupted traditional sales processes by depersonalizing interactions.
  • Social technologies have reintroduced the human element into sales processes, enabling meaningful connections between businesses and customers.

Step 44: Integration of Social Technologies

Description:

Integrate social technologies into the sales process to foster human connections and enhance customer relationships.

Implementation:

  1. Human Connection: Leverage social platforms to establish personal connections with customers and prospects.
  2. Word-of-Mouth Marketing: Encourage satisfied customers to share positive experiences online, generating electronic word-of-mouth.

Specific Details:

  • Social technologies allow businesses to bridge the gap between depersonalized online interactions and meaningful human connections.
  • Positive online recommendations from satisfied customers contribute to the acquisition of new customers through electronic word-of-mouth.

Step 45: Embracing S-Commerce

Description:

Understand the concept of S-Commerce (Social Commerce) and its significance in modern sales processes.

Implementation:

  1. Definition: Define S-Commerce as the integration of social media and e-commerce to facilitate online transactions and customer interactions.
  2. Application: Embrace S-Commerce as a means to enhance customer engagement, foster relationships, and drive sales.

Specific Details:

  • S-Commerce involves leveraging social media platforms to facilitate online sales and interactions, creating a seamless and engaging shopping experience for customers.
  • Businesses can utilize S-Commerce strategies to capitalize on social media’s influence and drive revenue growth.

Step 46: Understanding Social Commerce

Description:

Gain an understanding of social commerce and its significance in the modern business landscape. Recognize that social commerce represents a shift beyond traditional e-commerce, where consumer purchasing decisions are influenced by social interactions and recommendations online.

Implementation:

  1. Acknowledge that social commerce involves customers making ratings and recommendations about products and services online.
  2. Recognize the importance of influencers and friends in shaping purchasing decisions in the social commerce ecosystem.
  3. Understand the emergence of crowdfunding platforms like Kickstarter for launching new products and group purchasing options online.

Specific Details:

  • Social commerce relies on social interactions and recommendations rather than traditional advertising and marketing tactics.
  • Customers increasingly seek guidance from friends, influencers, and online communities before making purchasing decisions.
  • Platforms like Kickstarter allow businesses to crowdfund and validate new product ideas through community support.
  • Group purchasing options leverage social networks to pool resources and make collective buying decisions.

Step 47: The Recommendation Economy

Description:

Understand the transition from a research economy to a recommendation economy, where consumer decisions are influenced by online recommendations and reviews.

Implementation:

  1. Recognize the shift towards relying on recommendations rather than extensive research when making purchasing decisions.
  2. Familiarize yourself with platforms like Angie’s List, which serve as hubs for consumer recommendations across various industries.
  3. Learn about the Net Promoter Score (NPS) as a metric for gauging customer satisfaction and loyalty based on recommendation likelihood.

Specific Details:

  • The recommendation economy emphasizes the importance of social proof and peer recommendations in driving purchasing behavior.
  • Sites like Angie’s List aggregate consumer recommendations and reviews, influencing purchasing decisions in areas such as home services and healthcare.
  • NPS measures customer willingness to recommend a product or service to others, indicating overall satisfaction and loyalty levels.
  • A high NPS correlates with organic word-of-mouth marketing, reducing the need for extensive marketing expenditure.

Step 48: Leveraging Technology for Social Commerce

Description:

Recognize the role of technology in driving the recommendation economy and optimizing social commerce strategies.

Implementation:

  1. Embrace online tools and platforms that facilitate social commerce activities, such as customer review platforms and influencer marketing channels.
  2. Explore options for measuring and improving NPS, either through third-party services or DIY approaches.

Specific Details:

  • Utilize online tools for managing customer reviews, engaging with influencers, and monitoring social media conversations related to your products or services.
  • Consider outsourcing NPS surveys and analytics to specialized firms for comprehensive insights into customer satisfaction and loyalty.
  • Alternatively, conduct NPS assessments internally using available resources and online guides.

Step 49: Understanding the Scope of Social Commerce

Description:

Distinguish between business-to-consumer (B2C) and business-to-business (B2B) aspects of social commerce to align strategies accordingly.

Implementation:

  1. Recognize that social commerce encompasses both B2C and B2B interactions, impacting various sectors and industries.
  2. Understand that while B2C primarily focuses on consumer-facing transactions, B2B social commerce also plays a significant role in business relationships and procurement processes.

Specific Details:

  • S-commerce strategies extend beyond traditional consumer-facing transactions to encompass business-to-business interactions and procurement processes.
  • B2B social commerce involves leveraging social networks and online platforms for networking, lead generation, and collaborative purchasing.
  • Tailor social commerce strategies to suit the specific dynamics and objectives of both B2C and B2B contexts.

Step 50: Further Exploration and Implementation

Description:

Encourage further exploration and implementation of social commerce strategies through continuous learning and adaptation.

Implementation:

  1. Continuously monitor industry trends, consumer behavior shifts, and technological advancements to refine social commerce approaches.
  2. Experiment with different tactics, platforms, and engagement strategies to optimize the effectiveness of social commerce initiatives.

Specific Details:

  • Stay updated on emerging social commerce trends, such as new platforms, features, and consumer preferences.
  • Analyze performance metrics, customer feedback, and market insights to iterate and improve social commerce strategies over time.
  • Embrace a culture of experimentation and innovation to adapt to evolving consumer needs and competitive landscapes in social commerce.

Step 51: Understanding Regional Differences in Social Commerce Adoption

Description:

Recognize regional disparities in the adoption and growth of social commerce, particularly comparing Europe and the US.

Implementation:

  1. Acknowledge that Europe is approximately a year and a half behind the US in terms of social commerce adoption.
  2. Understand that factors such as privacy regulations in countries like Germany can influence the pace of social commerce development.

Specific Details:

  • European countries, particularly Germany, prioritize privacy laws, which can impede the growth of social commerce due to stricter data protection regulations.
  • Recognize that despite lagging behind, Europe is gradually catching up in embracing social commerce practices, albeit at a slower pace compared to the US.
  • Stay informed about regional nuances and regulations when planning social commerce strategies to accommodate diverse market dynamics.

Step 52: Overcoming Resistance to Customer Data Collection

Description:

Address concerns and misconceptions surrounding customer data collection and privacy issues to optimize information gathering for business insights.

Implementation:

  1. Educate stakeholders on the value of customer data collection in improving service delivery and personalized experiences.
  2. Offer incentives or rewards to customers in exchange for their information to overcome resistance and encourage participation.

Specific Details:

  • Emphasize the benefits of gathering customer data for enhancing service quality and tailoring offerings to individual preferences.
  • Provide assurances regarding data privacy and security measures to alleviate concerns and build trust with customers.
  • Implement transparent and ethical data collection practices, ensuring compliance with relevant privacy regulations and guidelines.

Step 53: Assessing Global Market Dynamics

Description:

Evaluate the level of technological advancement and adoption of social commerce practices in different regions, such as Australia, to inform strategic decision-making.

Implementation:

  1. Conduct market research to understand the current landscape of social commerce and technological trends in target regions.
  2. Compare and contrast market dynamics between regions to identify opportunities and challenges for expansion and adaptation.

Specific Details:

  • Recognize Australia’s relatively advanced position in embracing technology and innovation, particularly in the realm of social commerce.
  • Leverage market insights to tailor strategies and allocate resources effectively based on regional market conditions and consumer behavior trends.
  • Stay abreast of global developments and emerging markets to capitalize on growth opportunities and stay competitive in the evolving social commerce landscape.

Step 54: Embracing Complexity in Social Commerce Strategies

Description:

Acknowledge the multifaceted nature of social commerce and the necessity of adopting nuanced approaches to address diverse business needs and challenges.

Implementation:

  1. Embrace the complexity of social commerce by recognizing the varied requirements and dynamics across different industries and business models.
  2. Develop flexible and adaptable strategies that cater to the unique characteristics and preferences of target audiences and market segments.

Specific Details:

  • Understand that social commerce encompasses a wide range of activities, from simple consumer transactions to complex B2B relationships and procurement processes.
  • Tailor strategies to accommodate the continuum of customer needs, ranging from self-service online transactions to personalized, full-service interactions.
  • Continuously refine and iterate social commerce strategies based on real-time feedback, market insights, and evolving consumer behaviors to drive sustainable growth and competitive advantage.

Step 55: Shifting Sales Dynamics in Social Commerce

Description:

Recognize the evolving dynamics of sales processes in the context of social commerce, where traditional sales approaches are being replaced by customer-driven interactions and preferences.

Implementation:

  1. Understand that modern buyers prefer self-service options for commodity products and seek industry experts for complex purchasing decisions, shunning traditional sales approaches.
  2. Acknowledge the changing role of salespeople from mere peddlers to industry experts who provide value-added insights and solutions.

Specific Details:

  • Buyers increasingly prefer self-service options for straightforward purchases, bypassing the need for traditional sales interactions.
  • On the other hand, for complex purchases, buyers seek out industry experts who can offer specialized knowledge and tailored solutions.
  • Recognize the shift in buyer behavior away from engaging with salespeople perceived as pushy or solely focused on closing deals.

Step 56: Understanding Modern Sales Processes

Description:

Examine the traditional sales process model and contrast it with the evolving customer-driven sales journey in social commerce.

Implementation:

  1. Review the typical stages of a sales process, including lead identification, qualification, discovery, solution presentation, negotiation, and closure.
  2. Compare the traditional sales process model with the current customer-driven approach, which emphasizes customer autonomy and decision-making.

Specific Details:

  • Traditional sales processes follow a linear progression, with salespeople guiding buyers through predetermined stages to achieve a sale.
  • In contrast, modern sales processes are nonlinear and customer-driven, with buyers taking control of their decision-making process and seeking information independently.
  • Understand the significance of buyer autonomy and the need for sales strategies that align with the customer’s journey and preferences.

Step 57: Embracing Technology in Sales Strategy

Description:

Recognize the intersection of sales and technology in social commerce and the importance of leveraging CRM systems and digital tools to adapt to changing sales dynamics.

Implementation:

  1. Embrace customer relationship management (CRM) systems to manage sales pipelines, track customer interactions, and analyze data for insights.
  2. Explore innovative approaches such as social CRM (xRM) systems that integrate social media and customer data to enhance sales effectiveness.

Specific Details:

  • CRM systems facilitate sales automation, lead management, and customer relationship tracking, empowering sales teams to optimize their strategies and workflows.
  • Social CRM systems extend traditional CRM functionalities by integrating social media interactions, sentiment analysis, and customer engagement metrics.
  • Stay abreast of technological advancements in sales tools and platforms to remain competitive and effectively navigate the evolving landscape of social commerce.

Step 58: Driving Demand in Social Commerce

Description:

Understand the importance of early engagement with potential buyers to drive demand and influence purchasing decisions in social commerce.

Implementation:

  1. Focus on identifying and engaging with buyers in the early stages of their decision-making process, when they are exploring their requirements and preferences.
  2. Offer value-added insights, resources, and solutions to establish credibility and build relationships with potential customers.

Specific Details:

  • Early engagement with buyers allows businesses to shape customer perceptions, influence preferences, and position themselves as trusted advisors.
  • Provide relevant content, educational resources, and personalized recommendations to address buyer needs and facilitate informed decision-making.
  • Utilize social media, content marketing, and targeted advertising to reach and engage with potential buyers at various stages of their purchasing journey.

Step 59: Shifting Focus to Early Engagement

Description:

Shift the focus from traditional sales approaches to early engagement strategies, aiming to be involved in the buyer’s journey from the outset.

Implementation:

  1. Recognize the importance of engaging with potential customers early in their decision-making process to establish trust and credibility.
  2. Leverage digital marketing and online reputation management to enhance visibility and influence customer perceptions before direct interaction.

Specific Details:

  • Prioritize being involved in the buyer’s journey from the beginning to avoid being relegated to the status of a mere vendor.
  • Emphasize the value of early engagement in shaping customer perceptions and positioning the business as a trusted advisor.
  • Utilize digital marketing strategies to increase online visibility and ensure that potential customers find your business early in their research process.

Step 60: Reimagining Customer Acquisition

Description:

Reframe the approach to customer acquisition by focusing on creating an environment where customers can easily find and engage with the business.

Implementation:

  1. Shift from actively seeking out customers to optimizing online presence and digital marketing efforts to attract inbound leads.
  2. Invest in search engine optimization (SEO), content marketing, and social media strategies to improve online discoverability and attract qualified prospects.

Specific Details:

  • Rethink customer acquisition strategies to prioritize inbound lead generation and online visibility over traditional outbound sales tactics.
  • Implement SEO techniques to enhance website visibility and ensure that the business appears prominently in search engine results for relevant keywords.
  • Develop compelling content and engage with target audiences on social media platforms to build brand awareness and drive traffic to the business website.

Step 61: Leveraging Digital Marketing for Visibility

Description:

Harness the power of digital marketing to increase brand visibility, attract potential customers, and facilitate early engagement in the sales process.

Implementation:

  1. Develop a comprehensive digital marketing strategy encompassing content creation, social media management, and online advertising.
  2. Optimize website content and structure for search engines, focusing on relevant keywords and user experience to improve discoverability and engagement.

Specific Details:

  • Utilize various digital marketing channels, including social media platforms, email marketing, and paid advertising, to reach and engage with target audiences effectively.
  • Create high-quality, informative content that addresses customer needs, pain points, and interests to establish thought leadership and drive organic traffic.
  • Monitor and analyze digital marketing performance metrics to refine strategies, identify opportunities for improvement, and maximize ROI.

Step 62: Transitioning from Relationship Selling to Digital Engagement

Description:

Shift from traditional relationship-based sales approaches to digital engagement strategies that prioritize online visibility and early customer interaction.

Implementation:

  1. Embrace digital tools and platforms to facilitate customer engagement, communication, and relationship-building in the online sphere.
  2. Cultivate a strong online presence through active participation in relevant online communities, content sharing, and thought leadership initiatives.

Specific Details:

  • Adapt sales strategies to leverage digital channels for customer engagement, interaction, and relationship-building, moving away from reliance solely on face-to-face interactions.
  • Engage with potential customers through social media platforms, forums, and industry-specific groups to establish rapport, address inquiries, and provide value-added insights.
  • Emphasize the importance of maintaining a consistent and authentic online presence to foster trust, credibility, and positive brand perception among target audiences.

Step 63: Understanding the Evolution of Sales Approaches

Description:

Trace the evolution of sales approaches from relationship-based selling to socially facilitated selling, emphasizing the integration of digital marketing tools and CRM systems.

Implementation:

  1. Recognize the transition from traditional relationship-based sales to solution-oriented selling and CRM-based selling in response to changing market dynamics.
  2. Understand the concept of socially facilitated selling (SFS) as a modern approach that combines digital marketing strategies with CRM systems to drive revenue.

Specific Details:

  • Acknowledge the importance of adapting sales strategies to leverage digital tools and technologies in response to evolving customer preferences and market trends.
  • Emphasize the role of CRM systems in managing customer relationships and facilitating sales processes, complemented by digital marketing tactics to enhance visibility and engagement.
  • Explore the concept of socially facilitated selling as a strategic framework for leveraging digital marketing tools to support sales efforts and drive business growth.

Step 64: Embracing Socially Facilitated Selling in B2B Sales

Description:

Embrace socially facilitated selling as a strategic approach to driving revenue and enhancing customer engagement in the B2B context.

Implementation:

  1. Familiarize yourself with the components of socially facilitated selling, including digital marketing tools, CRM systems, and integrated sales strategies.
  2. Align sales and marketing efforts to create an environment conducive to socially facilitated selling, focusing on customer engagement and relationship-building.

Specific Details:

  • Understand the significance of integrating digital marketing tools with CRM systems to facilitate sales processes and improve customer interactions.
  • Adopt a customer-centric approach to sales and marketing, leveraging digital channels to engage with prospects and provide value-added insights and solutions.
  • Collaborate with cross-functional teams to implement socially facilitated selling strategies effectively, aligning sales, marketing, and customer service initiatives.

Step 65: Leveraging Digital Marketing Tools for Revenue Generation

Description:

Harness the power of digital marketing tools to enhance visibility, attract qualified leads, and drive revenue growth in the B2B sector.

Implementation:

  1. Develop a comprehensive digital marketing strategy encompassing content creation, social media management, email marketing, and online advertising.
  2. Utilize CRM systems to track customer interactions, analyze data, and identify opportunities for personalized engagement and targeted marketing campaigns.

Specific Details:

  • Invest in search engine optimization (SEO), content marketing, and social media strategies to increase online visibility and attract qualified leads.
  • Leverage email marketing automation and lead nurturing techniques to engage with prospects throughout the sales funnel and drive conversions.
  • Implement data-driven marketing strategies, leveraging CRM insights to personalize communications, segment audiences, and optimize marketing performance.

Step 66: Integrating CRM Systems with Digital Marketing

Description:

Integrate CRM systems with digital marketing platforms to streamline sales processes, improve customer insights, and drive revenue growth in the B2B context.

Implementation:

  1. Ensure seamless integration between CRM systems and digital marketing tools to synchronize customer data, streamline workflows, and enhance lead management.
  2. Leverage CRM insights to personalize marketing communications, tailor content to buyer preferences, and optimize marketing campaigns for maximum impact.

Specific Details:

  • Implement CRM integrations with digital marketing platforms such as email marketing software, social media management tools, and marketing automation platforms.
  • Utilize CRM data to segment audiences, track customer interactions across multiple channels, and deliver targeted marketing messages based on individual preferences and behaviors.
  • Foster collaboration between sales and marketing teams, leveraging CRM insights to align strategies, optimize lead generation efforts, and drive revenue growth through integrated sales and marketing initiatives.

Step 67: Implementing Socially Facilitated Selling Through Distributors

Description:

Implement socially facilitated selling strategies in the context of selling through distributors, focusing on equipping distributors with the necessary tools and knowledge to effectively market your products.

Implementation:

  1. Prioritize arming distributors with comprehensive product knowledge, marketing materials, and sales support to enhance their ability to sell your products.
  2. Provide training and resources to distributors on leveraging digital marketing tools, social media platforms, and CRM systems to engage with customers and drive sales.

Specific Details:

  • Develop distributor training programs covering product features, benefits, and value propositions, emphasizing the importance of effective communication and customer engagement.
  • Equip distributors with digital marketing resources, including branded content, social media templates, and email campaigns, to facilitate their online marketing efforts and expand their reach.
  • Establish clear communication channels and support systems to address distributor questions, concerns, and feedback promptly, fostering a collaborative and mutually beneficial partnership.

Step 68: Assessing the Adoption of Socially Facilitated Selling in Latin America

Description:

Evaluate the adoption and implementation of socially facilitated selling practices in Latin America, considering regional trends, technological advancements, and market dynamics.

Implementation:

  1. Conduct market research to assess the current state of digital marketing and CRM adoption among businesses in Latin America, identifying opportunities and challenges for implementing socially facilitated selling strategies.
  2. Collaborate with local partners, industry associations, and market experts to gain insights into regional preferences, cultural nuances, and regulatory considerations affecting the adoption of digital marketing tools and CRM systems.

Specific Details:

  • Engage with industry peers and thought leaders in Latin America to exchange best practices, case studies, and success stories related to socially facilitated selling and digital transformation initiatives.
  • Customize your approach to fit the unique needs and preferences of the Latin American market, taking into account language preferences, communication styles, and consumer behaviors.
  • Leverage technology platforms and analytics tools to track the effectiveness of socially facilitated selling efforts in Latin America, measuring key performance indicators (KPIs) such as lead generation, customer engagement, and sales conversion rates.

Step 69: Leveraging Digital Marketing in Healthcare

Description:

Harness the power of digital marketing strategies in the healthcare sector to improve patient engagement, build trust, and drive business growth for medical professionals and healthcare organizations.

Implementation:

  1. Develop a digital marketing plan tailored to the healthcare industry, incorporating content marketing, social media management, and patient education initiatives to enhance online visibility and attract new patients.
  2. Collaborate with healthcare professionals, medical associations, and regulatory bodies to ensure compliance with industry regulations, patient privacy standards, and ethical guidelines in all digital marketing activities.

Specific Details:

  • Create informative and engaging content on healthcare topics, including wellness tips, treatment options, and disease prevention strategies, to educate and empower patients and caregivers.
  • Utilize social media platforms, such as Facebook, Twitter, and LinkedIn, to share valuable health-related content, engage with patients, and foster community support and interaction.
  • Implement email marketing campaigns and patient newsletters to communicate with patients, provide updates on medical services, and promote health events, screenings, and workshops.

Step 70: Evaluating Social Media Businesses for Outsourcing

Description:

Evaluate social media businesses for outsourcing digital marketing tasks, ensuring alignment with your business goals, industry requirements, and budget constraints.

Implementation:

  1. Conduct a thorough review of potential social media businesses, assessing their expertise, experience, portfolio, and client testimonials to gauge their suitability for your project.
  2. Request proposals and quotes from shortlisted social media businesses, outlining your specific requirements, timelines, and budget expectations to facilitate informed decision-making.

Specific Details:

  • Schedule initial consultations or meetings with prospective social media businesses to discuss your objectives, expectations, and key performance indicators (KPIs) for the project, seeking clarity on their approach, methodology, and deliverables.
  • Seek referrals and recommendations from trusted sources, industry peers, or professional networks to identify reputable social media businesses with a proven track record of success in your niche or industry.
  • Negotiate terms, contracts, and service agreements with selected social media businesses, clarifying roles, responsibilities, and performance metrics to ensure a mutually beneficial and productive partnership.

Step 71: Reach Out to BBI for Assistance

Description:

This step involves contacting BBI, which can be a valuable resource for help in implementing a socially facilitated selling strategy.

Implementation:

  1. Visit the BBI website or contact them through their provided contact information.
  2. Inquire about their services related to socially facilitated selling.
  3. Clearly communicate your objectives and needs to the BBI team.
  4. Discuss potential collaboration and the scope of assistance required.

Specific Details:

  • BBI may offer consultancy services, workshops, or tailored solutions for socially facilitated selling.
  • Be prepared to provide details about your company, industry, and current sales and marketing strategies to BBI for a more targeted approach.
  • Clarify any doubts or questions you may have regarding the implementation process during your communication with BBI.

Step 72: Assessing Digital Marketing Performance

Description:

This step involves evaluating the digital marketing performance of different countries, particularly focusing on social media usage and mobile transactions.

Implementation:

  1. Conduct research on countries that excel in digital marketing, with a focus on social media usage and mobile transactions.
  2. Compare the digital marketing metrics of these countries to those of the US.
  3. Analyze factors such as social media engagement rates, mobile commerce penetration, and technology adoption.

Specific Details:

  • Use reputable sources such as industry reports, market studies, and analytics platforms to gather data on digital marketing performance.
  • Pay specific attention to countries like Russia and Japan, known for high social media usage and mobile transaction volumes, respectively.
  • Consider cultural, economic, and technological factors influencing digital marketing trends in different countries.

Step 73: Understanding Client Needs and Conducting Forensics

Description:

This step involves understanding client requirements and conducting forensics to gather insights into their current sales processes and online presence.

Implementation:

  1. Engage with clients to understand their objectives, challenges, and expectations regarding socially facilitated selling.
  2. Initiate discussions to uncover how clients currently acquire leads and convert sales.
  3. Conduct forensics by asking clients how customers find them, their online search behavior, and the role of digital marketing in their purchase journey.

Specific Details:

  • Encourage open communication with clients to gather comprehensive insights into their sales processes and digital marketing efforts.
  • Utilize questionnaires, interviews, or surveys to extract specific information about client needs and pain points.
  • Document all findings meticulously to inform the development of a tailored strategy for the client’s socially facilitated selling initiative.

Step 74: Closing the Gap with Advanced Technology

Description:

This step involves leveraging advanced technology, particularly SMS systems, to enhance revenue generation capabilities and support sales efforts.

Implementation:

  1. Implementing SMS Systems:
    • Research and select a suitable SMS system for driving revenue generation.
    • Integrate the SMS system with existing sales and marketing processes for seamless operation.
    • Customize SMS campaigns to target specific audience segments and drive desired outcomes.
  2. Creating Revenue-Generating Machine:
    • Align SMS system objectives with overall revenue generation goals.
    • Develop strategies to automate and optimize SMS campaigns for maximum effectiveness.
    • Monitor performance metrics and adjust strategies based on real-time insights to continually improve revenue generation efforts.

Specific Details:

  • Collaborate with IT or software vendors to identify and implement an SMS system that meets the organization’s requirements and budget.
  • Train salespersons on utilizing the SMS system for lead generation, customer engagement, and conversion optimization.
  • Establish clear KPIs and benchmarks to measure the success of SMS campaigns, such as conversion rates, ROI, and customer engagement metrics.

Step 75: Accessing Resources for Further Learning

Description:

This step involves accessing relevant resources, such as books and online platforms, to deepen understanding and acquire additional knowledge on business strategies and technologies.

Implementation:

  1. Exploring Recommended Books:
    • Consider reading books recommended by industry experts to gain insights into business strategies and technology adoption.
    • Look for titles covering topics such as enterprise social technology, digital marketing, and sales optimization.
    • Purchase or download recommended books from online platforms like Amazon or directly from the author’s website.
  2. Engaging in Continuous Learning:
    • Seek out online courses, webinars, or workshops on topics related to business strategy, technology, and innovation.
    • Join industry forums, communities, or networking groups to connect with peers and experts for knowledge sharing and collaboration.
    • Stay updated on the latest trends and developments in your industry through newsletters, blogs, and podcasts.

Specific Details:

  • Prioritize reading books that provide practical insights and actionable strategies for implementing technology-driven business solutions.
  • Allocate dedicated time for continuous learning and professional development to stay ahead of industry trends and maintain relevance.
  • Engage with authors, speakers, or thought leaders through social media or professional networks to deepen understanding and ask questions related to the content of their books.

Step 76: Applying for Business Mastery Program

Description:

This step involves applying for the Business Mastery program to gain access to advanced business strategies, tools, and resources for accelerating business growth and success.

Implementation:

  1. Submitting Application:
    • Visit the official website of the Business Mastery program hosted by Tony Robbins.
    • Complete the application process by providing relevant information about your business, challenges, and goals.
    • Ensure accuracy and completeness in your application to enhance your chances of acceptance into the program.
  2. Engaging in Program Activities:
    • Participate actively in program activities, including workshops, seminars, coaching sessions, and networking events.
    • Collaborate with fellow participants to share experiences, insights, and best practices for mutual learning and growth.
    • Implement actionable strategies and recommendations provided by business mastery experts to drive tangible results in your business.

Specific Details:

  • Follow the application guidelines and instructions provided on the official Business Mastery program website to ensure a smooth application process.
  • Prepare supporting documents, testimonials, or case studies showcasing your business achievements, challenges, and aspirations to strengthen your application.
  • Monitor communication channels for updates and notifications regarding your application status and program enrollment details.

COMPREHENSIVE CONTENT

Introduction

Good afternoon, or good morning, depending on where you are in the world. As Tony Robbins calling us and speaking to you guys from London, welcome to the goldmine. This is a session on finding new customers with the newest in social media. And we’re in our guest here, Scot Klossowski, with me in a moment. We’re very excited to have you on. Listen, I just want you to know the purpose of this session is to really help you to get the two things that are most important in having a competitive advantage, a significant competitive advantage in any business. You know, years ago, Peter Drucker said something I thought was so focused. He said you look at every aspect of the business, and you really understand where the core of a business is. These are all business is nothing but two things: innovation and marketing.

Innovation and Marketing

And the simple description of innovation, we’ll hear it overused all the time, it sounds so complex. We think of it very often as just technology. Innovation just means finding a better way to serve the customers. If you can find a better way, you can find a way to add more value to other customers’ lives or your clients’ lives than anybody else does, then you dominate, then you win, then you succeed, then you build real wealth. On the other end, though, if you have some great innovation but you don’t have the capacity to market it, or you market it but not as effectively as your competitor, we almost situation throughout our business careers wherever you experience having what you consider to be the better product or the better service, but somebody else beat you. And if they beat you, they more likely beat you with marketing. The best product, the best service, unfortunately, doesn’t win; it’s the best marketed product or service. And if you have the best product and the best marketing, like Apple, you can dominate for, you know, literally years or decades or more.

Breakthroughs and Adding Value

So our session today is really all about that. And I’ve spent the last 35 years of my life being obsessed with looking for things that are breakthroughs, you know, those things that help you to take what seemed to be impossible and make it possible, strategies, insights, distinctions, shifting human being psychology. I was just the last year for weeks, give you an idea, then all over the country, over from everywhere from India to the United States. I just finished a business mastery program in China, where we had 15 other people from all over China that flew in. But our goal here is to add as much value as possible. So, what is it that people do that create that kind of innovation, you know? One of these that I’ve looked at through time and say, who are the leaders that are making that happen?

Entrepreneurial Leaders and Competitive Edge

And I’ve been very fortunate to be able to be with kind of at the ringside seat as some of the most incredible entrepreneurs in the world, guys like Steve Wynn, or a few weeks ago was it speaking at Dreamforce, you’re familiar with Salesforce.com, a company that’s grown from zero now to three billion in sales and a little more than 12 years. Marc Benioff, who’s the founder and the creator of that company, started the program out of one of my seminars. He literally left Oracle and start the company up, and I just helped watch along the way, as I’ve also had a chance to assist. You know, three years ago, they were doing a billion, two billion last year, three billion this year, they’re on target for four billion that they’ll do in 2013. So, you look at people like him or Richard Branson, these are people that are always finding that edge. And one of the edges that they’ve all utilized to can pull into kind of a leapfrog of other people’s technology, certainly Salesforce has done that. And so I was looking, one of the tools that could give you a radical competitive advantage, who could really introduce that to you, and in the last years, I look for people that really have insight into what you could do to stay ahead of the curve, ahead of your competition, and know in the current world how to meet customers or clients where they live, how they think. We all know there’s been a paradigm shift that’s extraordinary. The guy that I came across, it’s become a good friend, a colleague now, his name…

Introduction to Scott Kluszewski

Scott Kluszewski is going to be first taking you through this seminar experience today on this webinar. He is pretty amazing. He’s co-founded one of the first Soviet-American joint ventures. The design were the world’s first handwriting text recognition software platforms. He’s kind of a serial entrepreneur. He built one of the earliest webcasting companies that delivered one of the first pay-per-view events in the world, and he sold the company for $415 million. He produced the first book that was crowd-sourced, start-to-finish, an entire group of deep organized where he was directing it, but they were bringing their content, and he produced this book. He’s the author of three books, and his entire focus is how do you leverage technology in the current world to truly maximize what your business capabilities are. This is a guy that I personally go to in our businesses. I’ve just recently brought him into two of my companies and had him do audits there to once again show me what I could do to take things to the next level. So, Scott is somebody I personally respect immensely.

Transition to Scott’s Segment

I’m going to hand the ball to Scott, and he’s going to take you on this ride. In the end, if you’d like to know more, be a little more involved, attend an event, ask Scott, and our team from Robbins Research will give you a little more information about how you can apply to do that if you have an interest. But our goal here is to add as much value as possible. So, I’m going to pass it on here. Scott, Scott, are you online?

“I sure am. Welcome, my friend.”

“Hey, it’s always good to hear your voice and always good to be able to help a lot of these folks today. Thank you.”

Scott’s Insights on Changing Business Landscape

“Well, I want you to just launch in. Let’s talk to people about how the world has changed and what one of the things that they really have to understand in the social environment to be able to take advantage of the opportunities for those that are first movers.”

“All right, we’ll do it.”

So, people a lot of people will ask me, like, “Scott, what do you do?” You know, when you get that question, you always have to try to answer it, and it’s always hard when you do what I do. So, the simplest way I’ll explain to people is I’ll say, “I’m kind of like an arms dealer. You know, if business is like a battle or like a war, I am very good at the weapons.” And today, technology is one of the most powerful set of tools or powerful set of weapons that we can possibly have.

“Now, I’m also going to tell you that, although incredibly powerful, I am getting increasingly frustrated with the fact that a lot of leaders, a lot of business owners, you know, a lot of the people who should be using these tools the most are also the people that seem to leave them in the toolbox or don’t seem to want to pick them up. And so it’s frustrating to me because I think we live in a really blessed time, a time when to build a business, to be able to go out and find new customers, to be able to develop new products, we have more capabilities now, we have more tools to be able to do that than we’ve ever had. And there are new tools and concepts coming literally almost every day.”

“Now, in that environment where we have all of these new things we could be using, we have a lot of people that are learning incredibly slowly, which is a shame. And so, you know, what today, what we really hope to do is try to expose you to some of the ideas and concepts that could be most meaningful for you as far as how are you going to generate revenue going forward for the next few years, and then also how do you build better relationships with the customers that you already have. Because, you know, as Tony always says, one of the best forms of revenue is the revenue you already have, right? So, the easiest revenue to keep in the future is what you’ve already got as opposed to even going out and getting new revenue.”

“So, that’s what we’re going to do a lot today, is talk about how is the sales model changing. Where are we going to get that revenue going forward in the future? Just about every organization should be interested in how are we going to prosper going forward. Now, I’m going to use a lot of vocabulary. I’m going to define the vocabulary for you as we go along today.”

The Power of Digital Marketing

Digital marketing is proving right now to be a very powerful force in being able to drive more revenue, and there are those that get it and those who don’t. Now, I am perfectly happy with all kinds of traditional forms of marketing and advertising. In other words, I don’t think we live in a world where the only thing that you do is digital marketing. But I’ll tell you what, we definitely live in a world where if you don’t understand how to do digital marketing, then you are giving away a bunch of market share that you just shouldn’t be giving away. But it’s a complicated field. I mean, you have to listen carefully; there’s a lot to learn. Even in an hour and a half today, we’re really only going to be able to scratch the surface. I’m trying to get you exposed to some of these ideas. It takes a lot longer to try to get you to be able to learn these things, and so, but we want at least in an hour and a half to provide as much value as we possibly can to try to give you a leg up. But this is only going to matter if you’re willing to learn these things.

The Challenge of Simplification

Yesterday, I was doing a presentation, and a couple of people had asked questions, and they said, “Scott, we are like overwhelmed. Like, you’re overwhelming us. Our brain’s starting to fry.” And so, you know, “Can’t we make this really simple? Isn’t there just one thing that we can go do?” And, you know, I’d love to have given them that kind of answer, but I really said, you know, “Look, I know it’s overwhelming. There’s a lot of tools in the toolbox. You got to learn them. There is no easy way around this.” Okay, there’s no one magic answer. In other words, you can’t just say, “I’m going to get on Facebook. Yeah, if I just have a Facebook presence, I can check off the box for digital marketing.” It doesn’t work that way. There’s a lot of tools. You know, Facebook is just one of the small tools that’s out there. I mean, I like it, but it’s a small tool compared to all the other tools that are out there.

Digital Marketing Requires Investment

So anyway, digital marketing is very powerful, but only if you’re willing to invest, only if you’re willing to really pay attention and learn. All right, so let’s dive in and start, you know, trying to learn some different things.

Interactive Learning Approach

Before we do that, I just want to mention that I know you have an ability to ask questions. I’m going to stop and answer the questions as we go along. So there’s not going to be Q&A at the end. I’m just going to periodically kind of, in between concepts, stop and just answer some of your questions. May not be able to answer all of them today, but I’ll try to pick out some of them that I think would really be helpful and answer them. So don’t feel like you have to wait till the end. Just go ahead and toss questions in anytime you have them, and we’ll deal with them as we go along.

Introduction to Web 2.0 and Its Impact

All right, let’s get started. I want to start off by exposing some concepts to you. So let’s go through some concepts and do some background. First thing is, you know, we live in a world where we’ve been through Web 1.0, which is kind of e-commerce and connected organizations, and now we’re in Web 2.0, which is connected people. And we will soon be fading into Web 3.0, by the way, which is connected devices. All right, so we want to stay today on just kind of Web 2.0 and what that means to sales and driving revenue.

So, I want to point out a couple of things about vocabulary that are important. The first thing is that you hear a lot of people talking about social. Now, what we really have seen is that there is a three-legged stool that is very powerful right now, which is the Web 2.0 three-legged stool, which is social, mobile, and cloud. And those three things are inextricably tied together. So, obviously, we wouldn’t have social technologies if we did not have cloud delivery because LinkedIn, YouTube, Pinterest—I mean, every hot social technology that comes along is done as a cloud-based application. And then today, over 50% of all of the social connections, 54-55% of every time somebody searches on your business…

Mobile and Social Integration

They’re doing it from a mobile device, and that’s a critical thing to know. By the way, that won’t go back and talk about is that over half of the people that will search on your business will search from a mobile device. So, we cannot tear apart the fact that social is supported by mobile and cloud.

Understanding Social Media Vocabulary

Now, in social, there’s three things I want you to understand. The vocabulary gets a bit confusing because the media probably uses the wrong terms in the wrong places. So, what I want you to understand is if you’re going to be good at social and using social technologies in your sales process, there are three specific areas: social relevance, social media, and social networking.

  • Social Relevance is all about your online reputation. So, it’s all about what people, when they go online and search, what do they think of you personally, what do they think of your business, and what do they think of your products. And all of those things create what your social relevance is.
  • Social Media is any time you’re using media—media being video, infographics, PowerPoint presentations, documents, online documents, right? That’s all media. When you’re using media, okay, sites like YouTube, SlideShare, Flickr, Scribd—right, when you use sites like that, you are actually delivering content through social media.
  • Social Networking, of course, would be LinkedIn, Facebook, Twitter, or blogging. And so, I just want you to be able to draw distinctions between those three different areas.

Now, we also have “social” being bolted in front of a lot of words these days, like you know, a social business. Well, you know, all businesses will be social businesses. There’s social recruiting, which is like, how do we recruit new employees? Well, the vast majority of recruiting is going to involve social. Or social CRM, you know, while all CRM is going to be social.

The Impact of Digital Marketing

So, I just want to make the point that I think the word’s a bit overused. I think you’re going to see that probably going forward in the future we’ll use the word “social” less and less because it will just be assumed that everything has some social component to it. So, I just want you to understand this bigger picture about what’s going on with Web 2.0.

Now, obviously, the outcome of these—this three-legged stool and Web 2.0—is a huge impact on how consumers behave. Customers are very different today than what they’ve ever been like before. And, of course, then that’s rebounding in tremendous changes inside of organizations. Now, I don’t care whether you know you’re a three-person flower shop or whether you’re a hundred-million-dollar business. Okay, digital marketing is fundamentally changing how you find prospects and then how you build tight relationships with your customers, your clients, your constituents. And boy, if you don’t get that today, you’re a bit in dangerous territory because I always tell people, when it comes to digital marketing as a weapon, either you’re going to teach your competitors how to use it, or your competitors are going to teach you. And if you’re going to wait for your competitors to teach you how to use these tools, okay, that’s a very dangerous place to be.

Inbound Marketing and Its Importance

Alright, so let’s sum, let’s look at some other background that might be interesting to you. This is a very interesting statistic here, and I really want to make sure you pay attention to this. Right, inbound marketing—in other words, you’re learning to use search engine optimization, learning to use digital marketing, you know, blogging, and your website, and social tools, and mobile applications to drive revenue—that’s…

Cost-Effectiveness of Inbound Marketing

Inbound marketing, using that is 61 percent less per lead as far as the cost. These are just some statistics that HubSpot came up with, but it’s an important thing for you to understand: not only is digital marketing more effective, digital marketing is also less expensive. So, it’s just an important distinction for you to understand.

Q&A Highlights

Let me just grab a couple of questions real quick. Some of these are easy: we have access to the slides after the meeting? Yes, you will. And so I can give you two different ways. One is you can always replay this webcast. Another way is if you want me to send copies of the slides, you can just email me at [email protected], just my name, and I’ll be glad to mail the slides out to you.

Differentiating between B2B and B2C, I will talk about as we go forward. And obviously, social technologies are just as powerful in B2B as it is in B2C, so is digital marketing. And I just want to make that comment right off. I don’t want anybody just to think that those, you know, that it’s more or less powerful in one or the other, and I’ll do some distinction between those things.

Somebody asked, “So Facebook is not social media?” And that’s right, technically, Facebook is social networking. It’s not social media. But that’s what I tell you is that the press uses the terms in ways that will be confusing for you.

Email Marketing Optimization

What is your most valuable tip to optimize email marketing? I would say the most valuable tip is you’ve got to draw a line between spamming people and providing value. If you want to be really good at email marketing, you will look at email marketing more as a Trojan horse, and you’ll start asking yourself, “How can I send emails that provide value to people where I earn the right to put a link in there that might be something that is marketing?” Too many people look at email marketing as just an online infomercial where they can pound them on their products, and that doesn’t work. People just tune it out; they delete them; it becomes spam in their mind. The best thing you can do with email marketing is almost like a strategy of what we do with blogging, which is create value with the emails. Make sure you’re sending content that’s valuable to the person on the other end. That will make it, you will earn the right to actually be able to market to them if you do that.

Mandatory Basics for Small and Medium Businesses

Let me go on; I’ll jump back to some other questions here in a little bit. I have to do this slide, not necessarily because I want to, but because if I don’t, these questions then people will ask me these questions and want to know later. And so this all goes to the topic of when people say to me, “Scott, you know, what about LinkedIn? What about Twitter? What about blogging?” But the bigger question they’ll ask me is, “Hey, what are the basics that we have to do that are like mandatory if we’re a small or medium-sized business?” So let me go through this real quick because this is my slide of what’s mandatory. Now, I’m not saying Pinterest isn’t valuable, okay? I’m just telling you these things are mandatory that almost every business should do, right? First thing is LinkedIn, obviously, LinkedIn is like the…

LinkedIn

Modern-day Rolodex except with a lot more power. Everybody, I don’t care if you’re a real estate agent, in insurance, it doesn’t matter. Everyone should be using LinkedIn to connect to as many people as they can in their market area and as many prospects as possible. And then using LinkedIn to communicate to people, to set up discussion groups, to find new employees when you need to hire, obviously, to be able to create warm leads when you want to go do marketing. So, LinkedIn is mandatory. Everyone should be doing this. Like I said, it is just like the modern-day Rolodex. And I don’t mean just you should be accepting people’s invites. Learn how to use LinkedIn.

Facebook

Facebook, I love. It’s appropriate for some companies, not as appropriate for others. Okay, I think it’s mandatory as a tool to learn how to use. But as you move more and more to B2B, Facebook becomes less important as a marketing tool. As you’re B2C, it’s more important. And so, you know, Facebook’s an important tool to learn, but it is not more important than anything else I have listed up here.

Twitter

Absolutely mandatory to do at least half of it. There are two sides of Twitter. One side is you talking to everybody in the world. The other side is you listening, in other words, who do you follow? What’s mandatory is that you follow industry experts in your industry. So that’s mandatory. You know, you need to go out and identify, use tools like 1200 K, you can use 1200.com, and 12… Oh, we’ll hang on. I’m going to send it to you. 12 is something that anybody can do to go type in a keyword, and it’ll show everybody, you know, who all the experts in the field are. And so, right, I mean, Twitter, you want to go find 10, 20 experts in your field, probably what they say every day. That just creates a great river of information into your brain that will make you smarter. That’s mandatory. Now, whether you use Twitter to talk to your customers or talk to everybody else, that’s optional. That’s just if you, if it’s the appropriate tool and if you have something important to say.

Blogging

Pretty much mandatory. I mean, for most businesses, the ability to be able to connect, whether that’s daily, weekly, monthly, to be able to connect to people in such a way that they can have a constant stream of information from you is a very powerful marketing tool. And so again, I don’t have a lot of time to go into detail about all the rules of best practices for blogging. I just want to know it’s probably mandatory that you create a blogging strategy so that you can use it again as a Trojan horse to build relationships with customers and prospects.

Social Media Sites

Mandatory again. I don’t care what business you’re in. I would like to see using some combination of uploading some videos onto a YouTube channel, creating some PowerPoints about what you do or your products or your services on SlideShare, you know, maybe some white papers on Scribd, maybe some infographics or pictures or graphics on Flickr. Right, but all of these are free sites that allow you to create channels right where you can upload content, and then you can use that content in lots of different ways. You can embed it in your website, which makes your website look nicer. You can use it to go out to bloggers if you

Delivering Information through Bloggers

It will help your search engine optimization because more and more companies like Google are looking at how deep you are in the social sites as a measurement of how high your website should be ranked.

Listening and Search Tools

You have to use tools to listen for any mention of your name, your name personally, any mention of your company’s name, or any mention of your products’ names, minimum, and then your competitors. So those four things you always have to listen for. Now, there are at one end of the spectrum, the free, you know, Google tools, right, that just do Google Alerts. At the other end of the spectrum, there are tools like Sysomos and Radian6, okay, that are professional, enterprise-class tools. You have to pay a little bit of money for, but one way or the other, you’ve got to use some kind of tool to listen to what people are saying about you out in the world.

Aggregating and Filtering Important Information

The last thing that’s mandatory is tools that help you aggregate information, right, or filter out important information. There’s a whole bunch of free tools you can do for this as well. Netvibes is one, Flipboard, Google Reader, right, all tools that you could be using to help you aggregate information that would help you get smarter.

The Knowledge Economy

“It’s a knowledge economy, and in the knowledge economy, the smart people win.” In a knowledge economy, the smart people are going to win. When I tell you it’s mandatory to be able to aggregate information and filter important information, what I’m telling you is there’s a huge amount of information on your industry or your field, and that’s everything from information on your competitors to your product lines to your industry. And every day, you should be harvesting that information and getting it into your brain. This costs you nothing but time.

Customer Intelligence

When I talk about customer intelligence, what I’m talking about is the ability to learn a lot of information about your customers. And again, I’m using “customers” generically; for you, it could be patients, it could be clients, it could be members, it could be constituents. But customer intelligence is basically the field of learning everything you can possibly learn about your customers. “The organization with the deepest amount of information and the ability to use it is going to win in the market.” If all you know about your customers is name, address, telephone number, and email address, because that’s what you need to bill them, then there’s no way that you’re going to be able to compete effectively.

Enhancing Customer Intelligence

You’re going to be able to get to a point where you know those customers well enough that you can do very good individual marketing with them or drive their behavior. Customer intelligence is all about learning way more about your customers than what you know today and then being able to make that pay off for you.

Importance of Customer Intelligence

To illustrate the importance of customer intelligence, look at the last election. Obama won the election and, according to a meeting with Marc Benioff who provided the technology, they beat everybody in 2008 by really understanding social networking, mobile technology, and created an engaged community through various digital means. On election day, they activated their app to know where their voters were, if they had voted, and even reached out digitally to encourage voting. They utilized Facebook data to understand voter issues and encouraged them to reach out to others, making a significant impact through micro-targeting.

Romney’s Campaign and the Power of Social Technology

Contrastingly, Romney’s side had something called Orca, which was supposed to do something similar but failed. The difference in the election was not just in the popular vote but in the deep understanding and engagement with the electorate that Obama’s team managed to achieve through years of work. This is an example of the power of customer intelligence and micro-targeting, showcasing the significant impact it can have.

Learning LinkedIn

Regarding LinkedIn, deciding between the free and paid versions is crucial, especially for those in sales or responsible for driving revenue. The paid version offers more capabilities, like working with more people and better surveillance on people’s statuses. To effectively use LinkedIn:

  1. Connect with as many people as possible for crowdsourcing.
  2. Learn to use LinkedIn’s capabilities to your advantage, whether through free resources or more structured learning paths.

Leveraging LinkedIn for Warm Leads

  1. Developing Warm Leads: LinkedIn is designed to help you make warm contacts. If you want to know who the CEO of the local bank is, you should be able to type it, find the name, and then find out who you know who knows that person who can introduce you on LinkedIn. This feature is about leveraging your network to make meaningful business connections.
  2. Surveillance on Status: It’s crucial to keep tabs on people you’re doing business with. If someone leaves a company and goes somewhere else, knowing this can give you a head start to approach them at their new company. For real estate, monitoring status changes like retirement or job changes can signal a potential buyer.

Tools for Aggregation and Listening

  • Aggregation Tools: Mentioned were Netvibes, Flipboard, and Google Reader as examples to help aggregate and filter information from various sources into one screen. This allows you to stay informed about your industry quickly and efficiently.
  • Listening Tools: Favorites for business use are Sysomos and Radian6 (a Salesforce product). These tools are essential for monitoring mentions of your name, your company’s name, your products, and your competitors.

Pinterest and Social Networking

Pinterest is classified as social networking because it involves creating pinboards and sharing pictures, which encourages interaction and networking among users.

Understanding Aggregation

Aggregation involves using software to collect and filter through vast amounts of information daily from thought leaders in your industry. This process pulls all relevant information into one place, enabling you to quickly review significant updates or news in your field.

One-to-One Digital Marketing

One-to-One Digital Marketing is defined by five elements, emphasizing using customer intelligence to gather comprehensive information on customers to tailor marketing efforts directly to them. This approach goes beyond basic data like name and email to include preferences such as food types, which allows for highly personalized marketing strategies.

Digital Marketing and Customer Intelligence Integration

The concept of one-to-one digital marketing revolves around the integration of detailed customer intelligence with digital marketing strategies. By gathering a wide range of data on customers—such as their preferences, age, gender, education, and favored social media platforms—businesses can tailor their marketing efforts to meet the unique needs and interests of each individual. This approach enables highly personalized marketing, significantly differentiating the marketing messages to cater to the diverse preferences and behaviors of individuals.

Five Elements of Digital Marketing

  1. Web Properties: The foundation of digital marketing where your website acts as the primary destination for customers.
  2. Social Technologies: Utilizing social media platforms to engage with and attract customers.
  3. Mobile Applications: Reaching customers through mobile devices, acknowledging the growing use of smartphones and tablets.
  4. Traffic Drivers: Strategies to increase visibility and direct potential customers to your web properties, social platforms, and mobile applications.
  5. Measurements: Analyzing the effectiveness of your digital marketing efforts across all platforms to understand customer behavior and refine strategies.

Integration of these elements is crucial for creating a comprehensive digital marketing strategy. By weaving these components together, businesses can create a seamless experience for customers, driving engagement, and ultimately, revenue.

Application to Small Businesses

Even small businesses, such as hardware stores or chiropractic practices, can leverage this model to connect with their community and provide value through content (e.g., blogs on health and wellness). Digital marketing offers a cost-effective alternative to traditional advertising methods, like radio ads or newspaper space, by focusing on online engagement and direct communication with potential and existing customers.

Key Takeaways for Effective Digital Marketing

  1. Building Unique Relationships: The goal is to foster unique relationships with individuals to gain influence over their purchasing decisions, avoiding generic marketing that can be perceived as spam.
  2. Integration Across Platforms: Ensuring that your website, social media, and mobile applications work together seamlessly, encouraging cross-engagement among platforms.
  3. Constituent-Based Design: Designing your online presence with the customer in mind, ensuring that every touchpoint is crafted to meet their needs and preferences.

Constituent-Based Design and Value Provision

The essence of digital marketing is not just about broadcasting your message but creating a value-laden conversation with your audience. Blogs, for instance, should not be treated as platforms for incessant self-promotion but as channels to provide meaningful content that enriches the audience’s lives. This approach fosters trust and earns the right to occasionally market your products or services. Adhering to a principle of offering value before promotion, as exemplified by companies enforcing a ratio of personal to promotional content, ensures engagement and maintains interest.

Importance of Measurement

A crucial part of successful digital marketing is the relentless measurement of your efforts to understand what resonates with your audience and what doesn’t. This continuous evaluation enables optimization and fine-tuning of strategies for better results.

Evolution of Customer Relationships and Digital Integration

The customer relationship landscape has evolved significantly from reliance on traditional word-of-mouth and advertising to the digital era, where websites and e-commerce have transformed how businesses interact with customers. However, this shift towards digital has sometimes resulted in a loss of human connection, highlighting the importance of balancing technology use with personal interaction. The emergence of social technologies has helped restore this balance by reintroducing a human element into digital engagements, enabling businesses to connect and engage with customers more personally.

Social Commerce (S Commerce)

Social commerce represents the evolution of e-commerce by leveraging social interactions and recommendations to influence purchasing decisions. It underscores a shift towards a more interconnected and socially influenced marketplace, where customer recommendations and social proof play a critical role in driving sales and fostering trust among potential customers.

This comprehensive approach to digital marketing emphasizes the need to integrate various digital tools and platforms cohesively, focus on creating value for the customer, and maintain a balance between technological and human interactions to build and sustain meaningful customer relationships.

The Recommendation Economy

The shift from a research-driven purchasing behavior to a recommendation economy signifies a major change in consumer decision-making. In the recommendation economy, consumers rely heavily on online reviews and recommendations from friends, family, and influencers to make purchasing decisions, especially for items or services valued over $100. This change is facilitated by the widespread use of social media and review sites like Angie’s List, where consumers can find and share experiences and opinions about various products and services.

Net Promoter Score (NPS)

The Net Promoter Score (NPS) is a key metric in the recommendation economy, providing a simple but powerful measure of customer satisfaction and loyalty. By asking customers how likely they are to recommend a business to friends and family on a scale of 1 to 10, companies can gauge their performance and the likelihood of word-of-mouth promotion. High NPS scores indicate satisfied customers who are likely to act as brand advocates, reducing the need for extensive marketing spending.

Gathering Customer Information

Say, hey, I think it’s offensive to ask people questions or them invading their privacy. Look, that might be a personal issue, like that you feel. If you look around the world right now, customers are very willing to give you information if you ask for it. And then, if you give them some kind of quid pro quo, so in other words, if you give them something for that information. You could give them a t-shirt, you could give them a free video. I mean, there’s lots of things you can give people as an enticement. But I would just tell you, you know, there’s a saying that I’ve always loved that talks about obstacles that aren’t really there, right? And that we see. So when you say to yourself, well, I think I’m invading people’s privacy to learn more about them, that’s absolutely the opposite way that you should think about it. The way you should think about it is, the more I know about my customers, the better service I can provide. So, if I’m looking at you in the eye and I’m asking you some questions, and you say, well gee, you sure ask a lot of questions, I would say look, I’m asking them so I can provide a better service provider to you or a better vendor to you. It’s the only reason I’m asking, because the more I know about you, the better service I can provide. For instance, if I know what kind of food you like, maybe on your birthday, I can send you a gift certificate for a Thai restaurant because you said you love Thai. But if you don’t tell me you love Thai, how could I ever send you the gift certificate? So, I look at gathering information completely differently. It’s not an invasion of privacy, it’s just helping me be able to, you know, be a better provider for you.

Technology and Australia

Alright, somebody asked, what about Australia? How far behind? Australia is not that far behind. Australia is doing a fantastic job with technology, in my opinion, from what I’ve seen. So, I really don’t see Australia very far behind us, if we’re talking about, if we’re talking about the US as a comparison.

Overwhelmed by Digital Marketing

Alright, let me answer one more question, and then we’ll go back. Let’s see. Alright, somebody, if somebody just, you know, did ask the question about, wow, you know, this is really, really overwhelming. There’s a lot here, you know, you know, are there just a couple things that we should really focus on? And again, you know, I just want to tell you, that would be like looking at a toolbox with all kinds of tools in it, and you asking me, well, which tool’s the most important tool? I’d tell you, oh well, grab the hammer and grab a flathead screwdriver. Okay, yeah, I could tell you that, but the moment you go try to do whatever you’re going to go do, you’re going to need a Phillips head, you’re going to need a socket set, you’re going to need a Dremel tool. Okay, so, I, you know, there just isn’t a way to say, hey, let’s take digital marketing down to just two or three things and make it that simple. In fact, I’m getting ready to make it even a bit more complicated.

B2B Sales Dynamics

Let’s talk about B2B. Right, we’re getting a little bit more into B2B and what’s going on with sales dynamics. Alright, this one’s pretty simple. I just wanted to explain that today, every product or service is hitting the Mar, and it is either a commodity product, right, in other words, we can put it up on a website, and somebody can buy it through self-service. A camera is that way. Okay, I mean, if you need to buy a camera today, go online, you could do a search, you can find the camera, you can buy it. You don’t need a human being to help you. On the other end of the spectrum, there are very complicated services that need a human being. Okay, so if you’re going to buy a very expensive piece of software, you’re not going to buy that online without talking to a human being. So it’s more full-service. Now, what we’re seeing as far as sales, that’s interesting out in the world, is on the complicated side, buyers don’t want, they don’t want peddlers, right? They don’t want salespeople. They want industry experts. And on the other end of the spectrum, on the commodity side, buyers don’t want salespeople because it’s self-serve, so they can just do the work on their own. They don’t need somebody

. So what this means is more and more, we’re seeing that people don’t like salespeople. If I just say that in general, hopefully that’s not hurting anybody’s feelings, okay? But they don’t want to be sold. They don’t have the arm twisted behind their back. They don’t want to feel like they’re dealing with a Commission-hungry peddler who doesn’t really care about them. Okay, today, either people want to buy stuff self-serve online, or they want to deal with somebody who is an industry expert, not a peddler. Now, the reason that I am bringing that up is that we’re seeing the sales dynamic out in the world change a lot.

Social XRM and Customer Acquisition

Fact today, I’m trying to get people to build social XRM systems instead of CRM systems. So, you know, I’m very geeky about sales. I just want to make a point for you that might help you today. Many of you are asking this question: where can I find new customers? And so what you’re trying to do is you’re trying to increase demand, right? You’re trying to get more customers that you can get into your sales funnel so that you can drive them down into a closed sale. Very common thing. And if you look at this chart again, a very common chart that shows, you know, if we now look over on the left side of that chart, right, we look at what the buyer does. What’s clear is if you can get in touch with a buyer earlier when they’re just trying to determine their requirements, you can become a trusted advisor. This is not new news to most of you, right? You’ve always known that, for instance, if you could help somebody write a request for proposal, an RFP, then you have a much better chance of winning it, right? So, in other words, you’re involved in the sale earlier. Now, remember what I told you today. What’s happening is people are going online, they’re looking, they’re searching for recommendations, they’re looking at your online reputation, right? They’re learning all of this stuff before they ever call you. So, you’re not getting involved too way down to the red where you’re just a vendor. That’s a bad place to be. So, what we want to do, if you’re in B2B especially, is you want to change it to look more like this. Instead of asking that question, where do I find more customers, you say, how can new customers find me? And that is not a small change.

Digital Marketing and Customer Discovery

Let me say to you this way. You want to create an environment in which customers can find you more easily, or you want to create an environment in which your salespeople can close more sales. Now, the way we do that is that if we get really good with digital marketing, okay, in other words, I say here, significant web and social influence, but digital marketing. If you get really good with digital marketing, what you’re going to find is you will become very findable, right? You’ll become very findable online, and your buyers will find you earlier in their buying process. So, let me tie together a few things that I’m saying. When I told you to do social media, and I said that you should put out videos and even PowerPoints and, you know, content like that, what we call digital assets on social media sites. When you index those with your keywords, what it means now is when a prospect is searching for your service or product, they can’t help but trip across some of your social media assets online, which are going to drive them back to your website. That’s where I talk to you about integrating, right, social and your website. So, I could pull a lot of these things I’ve told you so far together into, we want to make sure that a prospect, right, a new sale, finds us earlier than they find our competitors. Well, I’m telling you, the only way to do that is to be very good at digital marketing. But that, this will, if you do that right, if you create a landmine on the web of your assets and your digital marketing tools, and you become very findable, it just means that you’ll have prospects finding you earlier in their sales process. They’ll get in touch with you before they’re 67 percent done with their decision, and then that way, you’ll be able to close more sales. Okay, so just think about that, that distinction between instead of saying how do I find more customers, saying to yourself, how do I create an environment in which customers can find me?

Evolution of Sales Approaches

Alright, you can look at it this way, okay. And for those of you that are really into sales, I want to explain it to you this way because I’m, you’ll understand this. I started learning how to sell, right? I started learning about how to be a salesperson, and I literally almost knocked door to door selling office supplies back in, you know, 1980. And so I came up learning how to do sales traditionally. When I was first taught sales, it was all about relationship selling, okay? Relationship selling is all about how do you build a relationship with somebody so that you’re friends, so that someday, you could look them in the eye and go, dude, I’m gonna need you to hook a brother up, right? I need a sale, and you put your arm around them, and you look them right in the eye, and

you hope they give you a sale, but you were depending on that relationship to get you the sale. Alright, in the 90s, we moved more to solution-oriented selling, okay? So that was, find the pain, find the cure, or make them sick and make them well. So this was much more an environment where now, not only do we have to have a good relationship, now we had to actually have a product or service that solved a problem for somebody, if we wanted to close. Today, we’ve moved to CRM-based selling, right? So you should be familiar with that, any of you that are B2B certainly, right? We’re driving people down the sales funnel, right? We’re using

Socially Facilitated Selling and XRM

Those seven steps I showed you earlier, it’s a very rigid process. Now, what I say you’ve got to do is socially facilitated selling. That is a term that we use a lot now, SFS, socially facilitated selling. What that means is we applied digital marketing tools to drive revenue. So, I just want to put this in perspective with you, for those of you that are B2B especially. Okay, you have to always do those things you’ve always got to do: relationship selling, solution selling, use CRM systems, got it all. But today, if you don’t add a good SMS layer, you will not win in the market for the next five, ten years. And I’m not saying you’re going to lose everything next year. What I’m saying is, if you put in a good SMS system, you will slowly, you know, gain ten, twenty percent more in sales every year. Okay, and again, socially facilitated selling is just a term of art, right, where we are using a collection of digital marketing tools to create an environment in which our sales force can close more sales. That’s all socially facilitated selling means. By the way, on the B2C side, it’s called socially directed buying, okay? The same concept of, hey, we’ve always had advertising, marketing, and PR, but today, in B2C, we have socially directed buying, okay, which is the term of art there.

Now, again, I know I’m going through these things really quickly, but we’re just trying to expose you to a lot of the different concepts and ideas, so that you understand these things well. Alright, so I’m going to spend a little bit of time just talking to you about socially facilitated selling, just for the B2B people, but I’ll try to also just, you know, tell you about B2C and the socially directed buying as I go along.

CRM, XRM, and Distributor-Based Sales Channels

Now, socially facilitated selling is made up of a list of different things that you can possibly do. Right, I’m going to go over some of these here in a second, but, you know, let’s stop and, you know, answer some questions. As I said, just to break things up. Alright, what does CRM stand for? Customer Relationship Management. Okay, that’s what CRM stands for, customer relationship management, and it’s a piece of software normally, that’s a very powerful piece of software today that most of you should be running.

Now, just to make it cool, I’m going to do this because I love to do this for my friends. I’m going to tell you what’s really cool today. Don’t even say CRM, say XRM. XRM is the new generation of CRM. XRM means just relationship management. The “X” means for anyone. Okay, so XRM just stands for anyone. So, for instance, you can use a relationship management system in a prison to manage prisoners, you can use a relationship management system in a school to manage students. But when you use it in a company, when we say XRM, what we’re saying is we will use the same piece of software to manage customers as we might manage our vendors, as we might manage our partners, right, prospects. And so, that’s all XRM means. But I just want to give you, if you want to be cool, talk about XRM and not CRM.

Alright, somebody asked a great question, which is, how does SFS work with a distributor-based sales channel? Awesome question. I deal with this quite a bit. So, it ties in with what we just said with XRM. If you’re running an XRM system, what you say is, hey, I got a couple of different types of customers. I have a distributor, which is a customer, right, the distribution people and/or the buyers, and then I have an end customer who’s actually going to buy my product. Now, some of you are going to say things to me like, hey, I don’t know who my end customer is. Okay, I don’t like that, and I don’t agree with that philosophy. Even if you are selling through distributors, you should do everything you can to try to gain information on who your end customers are. And I know that can be a big thought for some of you, but SFS, it means socially facilitated selling. We would apply this to, you know, selling through distributors by, a) making sure that we’re doing the best job we can of arming our distributors to sell into the market for us, and just, and add new distributors. But then again, we would try to apply us the best by learning everything we can possibly learn about the end customer of our product.

Latin America’s Technological Advancement

Alright, somebody asked

, how far is Latin America behind the US? You know, I would say it probably at least a couple years. And so, when I’m doing work done in Mexico or South America, a couple of years. But, but let me make a clarification on that. In many parts of Latin America, they are ahead of the US in certain aspects, especially in adoption of certain technologies and digital engagement strategies.

Digital Marketing in Healthcare

In healthcare, you have patients, but the patients, you know, equate to customers in my mind, same thing with doctors and dentists. Oh, you know, I actually think that digital marketing and socially facilitated selling can have an explosive impact on doctors and dentists. You know, today, doctors and dentists, you know, people in the healthcare community, a lot of them, even hospitals, they’ve marketed with traditional advertising. They’ve bought yellow pages, as you know, maybe they’ve done billboards, you know, or, you know, they buy ads in the newspaper. So they’ve been very traditional marketing-oriented. Oh my gosh, they have such potential to put out a blog. You know, let’s say you’re a doctor, you have such potential to keep in touch with every patient who has ever come to you by using a blog that you send out once a month, right? This has health information in it, and every month, you would be touching those patients or former patients with something that’s valuable to them. Now, that’s going to earn you so much goodwill, so much word-of-mouth, right there. So, there’s a huge amount of things that you can do in the healthcare space with all of these. In fact, I almost think these tools could be better used in healthcare than they can in like some of the retail spaces. But yet, for some reason, healthcare people seem to think that they live in a different world, right, then that these tools don’t apply as well. And that’s just not true. So, if you’re in healthcare, you know, I really hope you would try to put some of these things to work.

Outsourcing to Social Media Businesses

Could we outsource this to a social media business, and how would you evaluate who to hire? That is a great question. I would tell you, you got to be very, very careful. There are a lot of new people that are in the industry right now that aren’t really that good at this but that have hung out their shingle. So, I would tell you, first of all, be very discerning about who you hire. The other thing I would tell you is, please learn how to do some of the stuff with your own hands. I’ll give you a good example, pay-per-click, right, or search engine marketing. Before you hire somebody to do that work for you, you really need to start your own account on Google, buy some keywords, and learn how to do pay-per-click with your own hands, then farm it out. I’ll give you another answer. If you want to make sure that you work with somebody you trust, you know, there is a company, BBI, which some of you would be familiar with, which, you know, Tony is a partner in, and BBI provides a lot of these services. In fact, they understand this digital marketing paradigm very well. So, if you need help with SEO, if you need help with a website, if you need help with some of these things, you know, Business Breakthroughs International, you might just reach out to BBI. That would be one place that you could go to for help.

Global Digital Marketing and Social Tools Usage

What countries are ahead of the US? If we’re talking about what countries are using digital marketing better than the US, I don’t see anyone that is ahead of the US. If you ask what countries are ahead with using social tools, Russia, the people of Russia, spend more minutes per month using social tools than we do, right? Obviously, Japan does more transactions on a mobile device than we do in the US. So, there are certain things in technology that other lots of countries do better than us. But if you’re just talking about digital marketing, I have not found a country that generally is in front of the US.

Implementing Socially Facilitated Selling

The list of things here on the socially facilitated selling slide, I don’t want to go over all these individually necessarily, but what I wanted you to just see is that when a client asks us to come help them with socially facilitated selling, and they say, “Hey, Scott, we want you guys to come help us write our strategy, right, help us build out a strategy for 2013,” here are those kinds of things we would do. We would start off and say, “Alright, hey, the sales you’re closing now, let’s start asking some of these people, did you search online? How did you find us? You know, what role did digital marketing play?” So, we’re doing, in other words, start doing some forensics so we could kind of get an idea of like today the sales were closed, and what are people doing. Then, we’re going to do a second step, which is critical, which is what we call creating air cover,

right? We want to manage the firm, the company’s online reputation. We want to create an organizational voice. The organizational voice, by the way, is just a blog. A blog that you update regularly with valuable content can significantly enhance your digital presence and facilitate socially directed engagement, whether in B2B or B2C contexts, underscoring the importance of a strategic approach to digital marketing across sectors.

Enhancing Sales with Digital Strategies

The organizational voice encompasses all electronic methods used to communicate with customers, including Twitter streams, Facebook pages, and more. It’s crucial for creating air cover for sales teams, making their path to selling smoother by improving customer intelligence, developing prospecting methods, and training salespeople in digital tool usage. This involves incorporating social CRM to deepen customer relationships, leveraging social media for lead generation, and setting new accountability metrics for sales forces, such as minimum LinkedIn connections.

Competitor and Market Alerts

Digital marketing also enables companies to set up competitor and market alert systems, keeping them informed about competitors’ online activities instantly. This intelligence can significantly enhance strategic responses and maintain competitiveness.

Gamification and Analytics

Applying gamification techniques introduces game-like elements to sales, motivating sales teams through rewards and recognition, while developing new analytics provides insights into the effectiveness of socially facilitated selling strategies.

The Future of Sales Professionals

The salesperson of the future must manage their online reputation, be skilled in social networking, create digital content, and utilize customer intelligence through social CRM. These capabilities ensure they are seen as industry experts, which is crucial for engaging with informed customers and differentiating themselves from competitors.

Closing Thoughts

The session emphasizes the importance of adopting digital marketing and socially facilitated selling techniques to drive revenue. Looking forward, mastering these strategies is essential for businesses seeking to enhance their sales processes and increase revenue in an increasingly digital marketplace.

The Impact of Technology on Business

In recent years, we’ve witnessed a significant transformation in the business landscape, largely due to the failure of companies to adapt to technological advancements. Polaroid, Kodak, Spiegel, Blockbuster, and Borders are prime examples of established organizations that filed for bankruptcy or shut down. These cases highlight a common issue: a lack of understanding of how technology impacts markets. As someone with a background in both business and technology, I’ve observed that companies thriving today are those adept at leveraging tools like digital marketing and socially facilitated selling.

The Importance of Adapting to Digital Trends

The contrast between Borders and Barnes & Noble exemplifies the necessity for adaptation. Borders failed because it didn’t embrace ebooks, while Barnes & Noble survived by introducing the Nook e-reader and selling both paper books and ebooks. This adaptation is crucial for survival in the current digital era. Companies must embrace tools like digital marketing and socially facilitated selling to avoid the fate of those who’ve failed to adapt.

The Role of Social Technology in Business

Social technology plays a pivotal role in modern business strategies. My book, “Enterprise Social Technology,” discusses how businesses can implement social technologies. It covers socially facilitated selling and socially directed buying, offering a guide to integrating these tools into business practices. Socially directed buying, for instance, utilizes social tools to drive consumer sales and relationships, employing strategies like viral videos or social media campaigns to influence consumer behavior.

Online Reputation Management (ORM)

ORM is crucial for maintaining a positive online presence. It involves listening for mentions of your company, engaging with online discussions, and measuring sentiment and visibility. A robust ORM strategy ensures that a company remains responsive and engaged with its audience, turning potential negatives into positives and maintaining a favorable online reputation.

In summary, the integration of technology into business practices is not just beneficial but essential for survival and growth in today’s digital world. Businesses must be proactive in adopting digital and social technologies to stay relevant and competitive.

Enhancing Visibility and Engaging Online

Ensuring your business is visible and actively discussed online is critical. Tools like social mention.com can help you track mentions of your company, providing insights into your online presence. If your business lacks visibility, it’s essential to address this by increasing your online activity and presence. This could involve more social media engagement, content marketing, or other digital strategies to ensure your brand is seen and heard.

Wrapping Up and Looking Forward

As we conclude, it’s important to reflect on the value of adapting to and embracing new technologies and strategies in business. The discussion has highlighted the importance of digital marketing, social technologies, and the critical role of online reputation management (ORM) in today’s business environment. By staying informed and proactive, businesses can navigate the challenges of the digital age and thrive.

Business Mastery and Continuous Learning

For those looking to dive deeper into these subjects, attending workshops like Business Mastery can be invaluable. These events are designed for a range of participants, from startups seeking a solid foundation for success to established businesses aiming for growth or turnaround. The emphasis is on acquiring the right tools, strategies, and tactics to not only survive but excel in the current economic climate. Continuous learning and investment in your business and personal development are key to maintaining competitiveness and achieving long-term success.

In summary, the digital landscape is ever-changing, and businesses must adapt to survive. By engaging with your audience, leveraging social technologies, and continuously investing in growth and development, your business can achieve sustained success in the digital age.

The Significance of Business Mastery in Economic Downturns

During the economic downturn of 2008, the importance of small and medium-sized businesses (SMBs) in the global economy became starkly apparent. SMBs constitute a significant portion of the GDP, highlighting their role as an economic backbone. However, the startling statistic that 50% of businesses fail within the first few years and an even higher percentage over a decade underscores the challenges these businesses face. These failures often result from a lack of proper tools, strategies, and mastery of essential business practices.

Business Mastery: A Tool for Survival and Success

Business Mastery programs, led by experts like Tony Robbins, are designed to address these challenges. They aim to equip business owners with the knowledge and skills necessary to navigate tough economic times and emerge successful. By focusing on mastering seven crucial steps in business, these programs offer strategies for achieving remarkable results.

The need for such mastery is more critical than ever in the face of economic uncertainties. Robbins’ approach to making Business Mastery accessible reflects an understanding of the diverse needs within the business community. The program caters to a wide range of businesses, from startups to large corporations looking to improve specific aspects of their operations.

A Call to Action for Business Owners

This situation presents a call to action for business owners to proactively seek out opportunities for learning and growth. Engaging in programs like Business Mastery can provide the competitive edge needed to not only survive but also thrive. The application process for these programs, although selective, opens a door to invaluable insights and strategies that can significantly impact a business’s trajectory.

Conclusion

The landscape of business is fraught with challenges, yet it also offers immense opportunities for those willing to invest in their growth and adaptation. Business Mastery serves as a beacon for those navigating the often turbulent waters of entrepreneurship and business management. It underscores the importance of continuous learning, strategic planning, and adaptability in achieving long-term success.

As we wrap up this discussion, it’s clear that the journey of business mastery is not just about avoiding failure; it’s about setting a course for enduring achievement and impact. For business owners committed to making a difference and achieving greatness, embracing the lessons of Business Mastery is a crucial step forward.

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Eric Collin

Eric Collin

Eric is a lifelong entrepreneur who has been his own boss for virtually his entire professional journey. He has built a successful career on his own drive and entrepreneurial determination. With experience across various industries, such as construction and internet marketing, Eric has thrived as a tech-savvy individual, designer, marketer, super affiliate, and product creator. Passionate about online marketing, he is dedicated to sharing his knowledge and helping others increase their income in the digital realm.

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