Those who were quick to jump on the bandwagon and take the time to understand virtual marketing have already taken their businesses miles ahead of the competition. Over the next decade, we can expect social media’s role in marketing and business to grow by leaps and bounds. Twitter is a relationship building and marketing tool http://www.scmp.com/comment/blogs/article/1258508/how-much-can-happen-chinese-internet-minute just like Face book is. It’s not a platform to Spam folks with your business opportunity, but rather a place to provide value to folks who may be interested in what you have to offer.
It all comes down to attraction marketing. Provide value to people…and in turn, if folks are interested in what you have to offer…they will seek you out. It works. For instance, on Wednesday, Richt thanked the fans for all of his birthday wishes as the coach celebrated his 49th birthday. Today, Carroll offered his condolences to the family of a friend that lost their battle with cancer. Not to be outdone, the venture capital community has been busy as well.
It was announced last week that San Francisco-based Twitter received the largest venture capital investment in history when the Russian firm DST Global invested $800 million in the microblogging site. Become an expert at social media such as video and make it a part of your blog. Your visitors expect to be entertained as well as informed and video is a great way to do that. Don’t immediately lower your price.
One of the oft-overlooked marketing tips is this. Usually to attract buyers business owners would immediately reduce their price to as much as 50 percent! What you should do, however, is to observe the market. Is it really the price that forces customers to go to your competitors or something else? It could be your competitors’ products are deemed more worth it. Then it’s time for you to innovate or develop a new unique selling proposition for your products.
And these are just some of the staggering numbers that get thrown around. This just serves to prove just how powerful and wide the reach of social media is.