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April 15, 2009, talkhousemag.com Earlier this week I gave 5 Quick Tips for Entrepreneurs and now I am going to relay 5 ways to get the most out of your Social Media/Networking  accounts for business purposes. I came across these tips on Examiner.com. They are delivered by self-proclaiming social networking guru, Nathan Egan. As a former manager for LinkedIn, he's learned the ins-and-outs of optimizing Web2.0. 5. Control Random Acts of Social Media: It doesn’t matter what industry you are in, chances are very good that your employees are using their individual social media accounts for business AND personal use. When and where they cross the line directly reflects back on your corporate image. While it may not feel comfortable at first, it is critical that your organization embraces these new communication mediums and takes control by creating standards the same way you have for phone, email, and in-person meetings.
4. MBM = Monitor, Build, Manage: One of the most powerful and underutilized functions of these new platforms is the ability for your organization to observe & manage your internal and external resources while building valuable databases. For example, use Tweetdeck to track what your customers saying about you and LinkedIn to manage employee data and better utilize their skill sets. There is so much untapped power here, figure it out and build a competitive advantage!
3. Avoid Network Fatigue: Whether on a corporate or individual level, professional and strategic management of your status updates is critical. Before you Tweet or update your network, ask yourself this question, “is this value-added content?” Generally speaking, no one in your organization should be broadcasting what they had for breakfast or that they are late again – carefully time and use status updates to tell your network that you are speaking at a conference or closing big deals.
2. Connect With Your Customers: Social takes CRM (Customer Relationship Management) to a whole new level – especially LinkedIn. You connect with your customers, your customers are connected to your prospects… do you really need more explanation? Egan urges caution here though, certain sites like Twitter and Facebook are very powerful and relevant for business but they also exist in a grey area that makes it easier to cross the line.
1. Run Pilot Programs: If you are nervous or unsure how to proceed -- you should be! Your brand is on the line you don’t want to risk a social backlash. As a general rule of thumb in business, don’t go “all or nothing” with a new initiative and the same rule holds true with any potential social media program. Mitigate risk by hiring a professional who knows the platforms and can objectively consult your business on best practices.
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