I have been writing for almost 4 years now about the power of social media. With Linkedin’s success on their IPO – shares closed at Thursday’s closing price of $94, it’s trading at 36 times its 2010 revenue; Google trades at five times.

This legitimizes the power and success of social media and re-enforces for all businesses – it is time to get into the game. It also points to many other big companies, Canada’s major retailer The Bay is rumored to be looking at an IPO for the fall. But how are these retailers leveraging the power of social media – as they step into the future in their marketing and continue to engage  their customers? Read the rest of this entry »

I did a speaking engagement last week to a group of Sr. Executive women. When asked my advice on what is most important when looking to engage your business with social media -” I said you need to understand who your target market is and then aptly find ways to understand what their social computing behavior is and go from there.” Using the right data and traffic analysis tools – to find out who your most influential followers are and how they utilize social media tools – is the key to connecting with them and all the people that follow them and so on. So many people as I wrote in an early post a few weeks ago – get focused on building thousands of fans and or followers -rather than focusing on who that early adopter and or influencer is – for their community and the best way to communicate with them and their many followers who are part of your target market. Read the rest of this entry »

When we created SHARE, it was founded on a basic idea: that as successful, bright, creative women who are key influencers and decision makers for point of purchase (across so many categories and channels), we could really make a difference with our knowledge, based on who we are and the clients we work with. One of the reasons we focus on social media, is because of the ease in which we understand the parallel between social media and the way women naturally connect and engage with one another. Of course, we’re always clear that what is good for women is GREAT for men.
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Ford is leading the pack when it comes to finding ways to engage their consumer. They have just created a campaign where they are selecting customers to be given a Ford Fiesta car and in return, have them blog about their experiences with the car. It is this kind of creativity, brand building and viral marketing plan that allows the customers to not only engage—but actually become the brand evangelist and brand ambassador for the company. They now have the opportunity to direct the messaging in a way that empowers them.
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Social media now has the attention of many companies these days. Everyone is trying to figure out how to leverage and court the customers they want while providing them with the fuel and fire to become brand evangelists. Most companies forget that understanding the innovators, influencers, critics, spectators and those who choose not to participate at all should become a part of the concepts and format they need to develop in order to engage their target audience.
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