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	<title>MidTN Technology &#187; Social Media</title>
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		<title>The Business of Social Media</title>
		<link>http://midtntechnology.com/the-business-of-social-media/205/</link>
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		<pubDate>Fri, 12 Feb 2010 03:11:44 +0000</pubDate>
		<dc:creator>Ken Ivey</dc:creator>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Online Marketing]]></category>
		<category><![CDATA[Social Media]]></category>
		<category><![CDATA[Business]]></category>

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		<description><![CDATA[Who says social media is just social? More and more businesses and corporations are using social networking sites [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-203" title="ken-posterized" src="http://midtntechnology.com/wp-content/uploads/2010/01/ken-posterized-small1.png" alt="" width="130" height="190" />Who says social media is just social? More and more businesses and  corporations are using social networking sites like Facebook, LinkedIn,  and others as a viable means of promoting their interests.<span id="more-205"></span> <img title="More..." src="http://www.wgnsradio.com/wp-includes/js/tinymce/plugins/wordpress/img/trans.gif" alt="" /></p>
<p>Then, there  are those companies that may have concerns about social media networking  and marketing. Their concerns center on the uncontrollable aspects of  social media. In other words, they may not be able to control the  comments of the site visitors. While this is a valid concern, it should  not completely dissuade a business from venturing into the social media  world. The reason for this is fairly obvious: there are millions of  people who frequent these sites. That means they are a built in audience  to promote a business to.</p>
<p>Many have figured out means of dealing with the less than helpful  aspects of social media communities. They worry about the potential  damage to the company&#8217;s reputation, but sometimes overlook the marketing  value of dealing with a valid complaint in a satisfactory way. While  these are concerns are important, they are not overwhelming.  Understanding some of the steps they take will contribute to a business&#8217;  social media success.</p>
<p>The key to avoiding any potential embarrassing scenarios is to  understand that you can&#8217;t.  They&#8217;ll find you eventually. Dealing with  them head on from a standpoint of empathy with a desire to correct the  issue if possible is the most effective strategy.  Admitting there was  an issue will garner respect, and making an earnest attempt to right  what was wrong will create loyal followers.</p>
<p>As for dealing with issues of content, employees should be assigned  the duties of monitoring inappropriate comments or activity. Many social  networking sites have control functions for internal comment review  prior to publishing. Instituting this function can certainly help  safeguard the reputation of the company from internal mischief, and is  certainly a far better strategy than simply opting to bow out of the  world of social media altogether.</p>
<p>Remember, social media also provides a tremendously valuable function  in an extremely cost-effective manner. Social media and networking is a  tremendous resource for those companies looking to receive feedback  from their customers. By clearly understanding the likes, dislikes,  wants, and needs of the customer base, a business can make effective  decisions regarding its promotional strategies and what type of products  and services it offers. And, once again, this is achieved with very  little in terms of cost. There will be a reduced need to hire the  expensive market research company.</p>
<p>One of the most important aspects of succeeding in business is to  have a knack for forecasting. When it comes to social media, it is clear  that such online communities will continue to grow and expand in  popularity. That is why ignoring the benefits of becoming involved with  social media would not be a wise move on the part of any business.  Become involved with this media in an effective and proactive manner is  certainly advised to any serious business that wishes to stay  competitive.</p>
<p>About the Author:</p>
<p>Ken Ivey, aka &#8220;the Web Czar&#8221; &#8211; wants to help you leverage technology  to reach your goals.  Contact Ken for a free initial consultation to see  how the web can work for you.</p>
<div id="gpp_data"><a class="gpp_link" href="https://plus.google.com/114444820048190574111?rel=author">Ken Ivey, the Web Czar</a></div>]]></content:encoded>
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