R.I.P – R.O.I in social media – alas there isn’t any.
… and there isn’t.
My reason for saying this is how can you measure talking?
Yes you can measure it posthumously (you can do that with everything which is not rocket science) but to do that you must have done it in the first place … and there’s the rub.
More about that in a minute.
Last Friday we (Vanessa and I) had the pleasure to attend and be on the panel at the inaugural “Like Minds” event in Exeter. This event was one of the only events I have ever attended that was about social media, not the engines that fuel it. Refreshing.
The title of the event was “measuring social media and making it sustainable”. the aim of the occasion was to start the exploration of social media and to enthuse the use of it.
Clearly the topic is too large to cover in one afternoon, however, the points it threw up were priceless – moreover the next event will be even better as IMHO “Like Minds” has gone beyond the banality of “event/s” more into a way of being.
We are all aware of the importance of the web and how it is taking over the way we act, interact and react, I’m sure I don’t need to cover that again here. However, what the event did do was throw up the questions at a base level – and that’s a good thing. My reason for this is there was not one single “social media guru” in the building. How refreshing was that?!?! So the points raised were non convoluted or elitist.
On that note, here’s a video of our view …
We start with the basics. Social media has nothing to do with twitter, facebook, social networks etc, as much as talking has nothing to do with a piece of chalk, or a pen or a phone.
The act of having a conversation is, by default, sharing information via opinion, fact, argument etc – social media is no different. However, we can still have the conversation (sharing of information) via writing or a phone and the same can be said of social media, which in this instance is via the web and it’s various media.
So you can see that, based on the above, seeking the ROI in social media is no different than seeking the ROI in talking: which you can’t do – only posthumously.
R.I.P R.O.I in social media.
What came out of the afternoon was more important than arguing the toss over titles, the reality is that you can only measure it if you have done it in the first place – and this is key.
Point 1: Start.
Point 2: Measure.
As with any form of communication there are different ways that you can deliver – not all of them work all of us but we can learn from them.
Take social media in the web world as a party. If we walked into a party and started shouting at people “I am the best person and I have the best product” I’m not entirely sure that you will win many friends. However, by going to a party and enjoying yourself, sharing , being helpful having fun, then relationships are built and trust can be nurtured.
People will find out what you do for a living hence “what do you do?” being one of the most frequently asked questions. People that have used your services will tell other people that you are good at what you do, this may encourage those people to use your services – this will prove more useful than shouting at people.
I was once talking to a bunch of salesmen at an event, and I asked them “how many times do you speak to someone before you get the sale?” – “seven times” was the average answer. “So what were the other six visits for?” I asked, “so they could get to know you” was the reply.
So in essence the first six visits were there to form a social bond, which is no different to using the “on-line” methods. Interesting. Moreover, I would argue that the on-line method is cheaper both in time and finance – AND can be measured more easily.
… be under no illusion this is not for everyone – yet. And I’m sure there will be an awful lot of opinion to come out of this – you know what? Brilliant, bring it on, there was not a single person there on Friday that would have it any other way and that ids why Like Minds is a winner and always will be.
… and that’s another thing stop worrying about what you are going to say on the various platforms. The average human being uses (depending on what web site you believe) anywhere between 3,000 and 8,000 words a day and , lets face it, you don’t get up in the morning and say “what shall I say today?” now do you? You just do it anyway, and that’s social media.
Hashtag: #likeminds
Twitter: @alikeminds
Web: likeminds.org
Trey Pennington, Scott Gould, Nick Tadd at Like Minds Oct 09
Vanessa Warwick on the panel at Like Minds 
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