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It really looks like social media marketing is just a whole lot of hype. It's great for brand awareness but it's rare to see anyone report a boost in sales from
by billpatrianakos 14y ago
It really looks like social media marketing is just a whole lot of hype. It's great for brand awareness but it's rare to see anyone report a boost in sales from it. I've been working in web development, focusing primarily on small to medium businesses looking for a web presence, and I haven't seen much success in attracting new business on Twitter or Facebook. You may get some followers or likes but they rarely, if ever, generate a single dollar.
People just don't care about you. They want to brag about their lives, create personal brands, and spam you. Let's take an example business: an infant care service that provides in home sleep training and help for new mothers who may or may not have post-partem depression. So the theory goes that such a business create social networking profiles, post cute baby pics, blog about their services (giving readers advice they can implement themselves), become an authority in their space, offer specials to followers and that will boost their reputation. From there you branch out and begin buying ads and promoted tweets and such to gain even more likes and followers and retweets. Well, it ends up being a waste of time. Assuming that the people who run these types of businesses have the time to do all this and/or the ability to work a computer which many just don't, the end result of all that effort is to turn those likes and follows into cash. But people don't care and even their followers simply ignore their tweets and posts in their stream.
I've done some testing and I've found that many businesses do get a good number of likes and follows but even when they do things right their tweeps and friends don't respond as the theory says they should. You know what they respond to? Stupid YouTube videos and cat pictures! On twitter and Facebook I got several of these businesses in a good position as far as followers and likes goes then did 4 weeks of experiments to see what people responded to. The first week I posted informational, authority/credibility building stuff as well as specials just for fans and followers. Then I alternated the second week cat pics and mostly things "normal" people would post. So for four weeks I alternated between a week of business related posts and a week of "normal" people stuff and the results were that for the weeks I'd post a link to an advice post in their blog or a fan-only discount each post would get 0 - 2 likes, comments, or click-troughs. For the other weeks they'd get between 15 and 40 likes, comments, retweets, or click-troughs.
So now I cringe whenever I hear about how businesses need to get in on the social media party. It's a big fat scam in my opinion. People ignore your grand opening, special event, discount, etc. but they sure love the random viral videos and cat pictures. Turning clicks into dollars works for only a very small portion of businesses online and that success is as much attributable to luck as it is industry, location, customer base, budget and size. This whole "every business needs go get in on the social media party" thing has got to stop. We all know that there's a lot of nuance to getting it right but the conventional wisdom, as it stands, is that all you need is a facebook and twitter account, some followers, and you'll make money. It's so wrong even for big companies as some have already found out.
- lachyg 14y agoTo provide a counter point, Twitter generated me 50% of a $10,000/month revenue business. All I did was search for people discussing a topic, and answer their questions. Sometimes I'd plug the product, but most of the time I'd let them discover it naturally through our answers. I tweeted about 1000 times a day.
- timmaah 14y agoBut thats ~6 hours a day tweeting for $5,000. $5,000 a month is great, but where is the growth in it? Plus it leaves you little time for much else. There is little meat on the bone left over if you are paying someone to tweet for you.
- lachyg 14y agoThat was very much part time, I could knock out 100 tweets in 10 minutes. I would block them in 4-5 periods a day. It's incredibly quick, easy work.
- coderdude 14y agoI'm assuming this is hyperbole, since that actually turns out to be like a question answered every 6 seconds -- but what kind of questions were you answering in volume like that? I'm curious because it seems to have had such a large impact on your bottom line.
- lachyg 14y agoPeople were discussing and asking questions about a book at a constant rate, and I would catch up every few hours. It's not hyperbole.
- billpatrianakos 14y agoI totally believe you but I also have a feeling you're part of that very small minority who it works for. There are just some industries that lend themselves better to this kind of marketing than others. Ecommerce sites are in this category. Generally speaking, if you provide a service that cannot be done by web app then social media marketing doesn't work well. That's generally. Think of pool cleaners, housekeepers, gardeners, nannies, car washes versus any ecommerce product or services like web hosting, online insurance, travel bookings, etc. The web is all about instant gratification. If what you're selling can't be delivered over broadband you're going to have a you time. You have to set up your product to be available as an impulse buy or your chances are slim. On the other hand, when people use search engines not only are they more likely to have intent but if they're specifically looking for your product or it's category they're more likely to be prepared for a non-instant buying experience. This is where those physical world service providers fare far better. My big complaint is that social media is billed by many as a panacea or a replacement for search traffic and unsuspecting small business owners waste lots of time,energy, and money on it with little to show for it in the end.