The Thank You Economy

I’ve been on quite a business book reading kick this year. Mostly in an effort to better the practices with my own company, but also to learn about current technology trends to keep up with the "big guns". Every day we hear of more and more people using Twitter, Facebook, LinkedIn, etc. I’ve been trying to make sense of the current social media phenomenon. After several books I think I have it, and The Thank You Economy by Gary Vaynerchuk is one book that outlines very clearly why all businesses need to participate in social media during this economy.

Most of the principles outlined in this book don’t have to be practiced with just social media tools. They can be put to use with traditional media tools as well. However, the individual and/or small business can have more of a voice by paying close attention to what Gary is saying and putting the techniques he describes to practice.

In Part V: How to Win in the Thank You Economy, the Quick Version Gary briefly summarizes the book. If you already have a successful business you can review the points below and decide for yourself what is useful. If you’re looking to find new strategies, I recommend purchasing the book to get the details. The information described in this easy 234 page read could change the way you approach your businesses marketing strategies and prove to give you a jump start on your companies future growth.

For the most part I enjoyed the book. Gary has a great personality that continues to shine and reaches out as an extension to his already well know videos on Wine Library TV and the Daily Grape websites.

Part V: How to Win in the Thank You Economy, the Quick Version

  • Care – about your customers, about your employees, about your brand – with everything you’ve got.
  • Erase any lines in the sand – don’t be afraid of what’s new or unfamiliar.
  • Show up first to market whenever possible, early the rest of the time.
  • Instill a culture of caring into your business by:
    • Being self-aware
    • Mentally committing to change
    • Setting the tone through your words and actions
    • Investing in your employees
    • Hiring culturally compatible DNA, and spotting it within your existing team
    • Being authentic – whether online or offline, say what you mean, and mean what you say
    • Empowering your people to be forthright, creative and generous
  • Remember that behind every B2B transaction, there is a C.
  • Speak your customer’s language.
  • Allow your customers to help you shape your brand or business, but never allow them to dictate the direction in which you take it.
  • Build a sense of community around your brand.
  • Arrange for traditional and social media to play Ping-Pong and extend every conversation.
  • Direct all of your marketing initiatives toward the emotional center, and to the creative extremes.
  • Approach social media initiatives with good intent, aiming for quality engagements, not quantity.
  • Use shock and awe to blow your customer’s minds and get them talking.
  • If you must use tactics, use “pull” tactics that remind consumers why they should care about your brand.
  • If you’re too small, play like you’re big; if you’re big, play like you’re small.
  • Create a sense of community around your business or your brand.
  • Don’t be afraid to crawl before you run.

UnMarketing: Stop Marketing. Start Engaging.

After purchasing a few marketing books online I was recommended to read UnMarketing: Stop Marketing. Start Engaging. by social media guru Scott Stratten. Initially, I thought this was another one of your typical marketing books, but I soon was proven wrong. This book focuses on engaging with your customers rather than hammering them with traditional product marketing methods. Scott talks about such topics as websites, blogs, email, events, trade shows, networking and social media tools like Twitter, Facebook and LinkedIn.

The book is an easy read. One of the things I enjoyed was how Scott broke down the chapters into bite-sized chunks. You can pick the book up and zip through a chapter in a few minutes and just like that you have working knowledge of how to approach new methods you can apply to your industry.

Scott has a sense of humor that leaves things very light as you read through the book. His use of over 100 footnotes easily allows one to quickly reference additional insight or continue to read through the meat of the content. Often he uses these footnotes as a way to insert jokes. By doing so, he keeps the flow of the read continuous.

If you’re not a fan of “push and pray” tactics used by so many marketing firms, you’ll enjoy this book. Scott stays clear of these techniques and highly recommends that you give before your receive. In chapter 24, Your Website – Old School versus New School, he clearly describes how important it is to “Give away some knowledge”. In a world where online advertising is the growing norm, if you don’t start sharing information you will soon be left in the dust. Not only does sharing support the working knowledge of your industry, it shows that you care. Customers like businesses that care.

Scott communicates very well. While reading the book I felt as though we were having a one-on-one conversation rather than being preached to by some “marketing genius”. His ability to tell stories and provide great examples makes the reading experience engaging. When you’re through, you actually want to try the techniques he describes.

The book is fun to read, very informative and practical. If you’re interested in following current social media trends and want to try something new I certainly recommend UnMarketing: Stop Marketing. Start Engaging. It’s a must have for every modern business owner’s bookshelf.


Social Media Communication Flowchart

With social media still in its very early stages I’ve found that most people still have a vague understanding of why it’s important. There are so many tools available that newcomers can get confused quickly.

One of the most powerful aspects of social media is the ability to interact online with an audience via short bits of information in your social networks. Users can do so with photos, links, articles, audio podcasts and videos to those that choose to follow or friend an account. These followers can easily comment by using a simple form to a person they’ve never met in person. By using this medium one can communicate to an audience that was not possible in the past without a significant investment.

Below is a flow chart that simplifies how social media plays an important role in brand communication. This chart includes only a few of the many tools available to develop conversation with your audience.


Power Friending Book Review

Amber Mac is a landmark in the tech-geek kingdom. As a host of popular TV shows and podcasts her knowledge of how social media operates is well respected. In June of 2010 Amber published her first book Power Friending with Penguin Group, Inc in their Portfolio division.

At first I was a little hesitant to read this book being that I already consider myself as a well-rounded and technically savvy designer. I was already a weekly listener of her popular podcast on the Twit.tv network known as net@night. I knew that she was very knowledgeable and had a great personality. The information she shared on a weekly basis was something I was already familiar with. But something told me to give it a read anyhow.

Shortly after picking up the book I knew it was worth the investment. Yes, some of the information was a repeat of what I already knew. But there is also plenty of information I was unaware of too. Plus, I now had it readily available on my desk at a moments notice.

Amber clearly outlines the short but important history of social media. This base of information gives even the newest of web gurus a clear understanding of how we arrived at where we are today. With clear descriptions of many tools available today and real-life examples it’s easy to understand why social media tools have changed the marketing landscape forever.

Outlines of how to execute your social meeting campaign, success stories (as well as failure stories), and what we can all expect in the future are all a part of this well written book. Simple illustrations, lists and message samples throughout the book help the more visual based person . . . like myself . . . understand the subject.

If you have any interest learning more about social media this is a must have book on your shelf. It’s well worth the $24.95 investment. Well done Amber! Keep up the good work.


Selecting the Right Social Media Tools

Businesses are increasingly using social media tools to monitor conversations about their products and services in an effort to build strong relationships with their customers. As a small business, it will be crucial in your success to select the right social media tools that help to meet your business objectives. Below is a list of our favorite top five social media tools that are being used today, with examples of each.

Blogs – A blog is an online journal that is most often a public destination for your company to share its news, events, and other interesting content.

http://www.wordpress.org
http://www.squarespace.com

Micromessaging – A micro-messaging site allows users to communicate short messages (as compared to longer blog entries).

http://www.tumblr.com
http://www.twitter.com

Social Networking – A social network is an online service that serves to connect audiences. The most popular social networks are Facebook and LinkedIn, although there are thousands of niche-oriented social networks with dedicated communities online.

http://www.facebook.com
http://www.linkedin.com

Podcasts – A podcast is a series of digital media files (either audio or video) that are released episodically and often downloaded through web syndication.

http://filmspotting.net
http://www.twit.tv

Mobile Tools – A mobile tool in the social media space is most often an application that is downloaded on a smart-phone or other device. There are paid and free apps, with more than a billion online serving a wide variety of functions.

Android
Blackberry
iPhone

In order to meet your needs you’ll need to ask yourself which of these tools you are most comfortable working with and what platform works best to meet your goals. Move now and start building your social media audience. You’re looking at the marketing tools of the future and can benefit from them in the long run if you select the right tools to craft your awesome content.