Monday, March 22, 2010

How Social Media marketing Is Like Internet Marketing...

Unless you've been living under a rock, you know that Social Media sites such as Facebook and Twitter have been booming in popularity and "buzz." Plenty of self-proclaimed Social Media "gurus" have been trumpeting how great SM is from the highest online mountaintops.

Don't get me wrong - SM is a great way to increase your online network, and connect with more people. But I'm not convinced that it's the be-all/end-all when it comes to business marketing today. The buzz with SM marketing closely resembles the earlier days of Internet marketing.

Here's how: Internet marketers really didn't have a well-thought out plan or business model as to how the Internet could help grow their business (selling more of their core product or service) in the longer run. What they did figure out how to do was sell info-products and services about... How to make tons of cash from Internet marketing!

Fast foward to today: Social Media is all the rage, and SM gurus are coming out of the woodwork. They claim all you need is a WordPress website and a Facebook fan page, and you'll be on the glorious road to riches. And they have for sale... info-products on how to do Social Media marketing - imagine that!

Now - I'm not criticizing everyone involved with SM or Internet marketing. People like Frank Kern, John Carlton, Lorrie Morgan-Ferrero and Stephen Pierce have some great stuff available, and they truly want to help people increase their income online. And there are other good online marketers out there.

Successful (and profitable) Social Media marketing is kind of like Bigfoot and the Loch Ness Monster: I've heard great stories about them, but I haven't seen very many people make a ton of money from SM marketing. I'll be glad to be proven wrong - but until I see the proof in the pudding, I'm sticking with proven fundamentals of online marketing, such as:

- Building a Qualified List
- Developing a Relationship With That List
- Selling More Products/Services To That List

Pretty simple, but very effective if done correctly. And I'll stick with these boring, basic fundamentals to help my clients increase sales and profits.

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