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I would say "Social media has created a - potential - new instantaneous viral network" we talk in probabilities. Nice work weaving several concepts together.
Everybody who do marketing online needs to understand that in the 'Brain vs. Budget' game, the brain will always win in the longterm!
Therefor these points you have mentioned in your article are essential to be taken into account for any business to drive interested and potential clients to and expand the visibility and trust of a business.
It is important to be the flame and not the moth! :-)
I think I'm trusted by my readers because I provide good content (but everyone thinks that don't they).
My guess is that a big part of the story is a popularity contest - everyone wants links from the popular bloggers. Which makes them more popular and so on. Transparency and feedback are important - but I think they are important once you have traffic, not as a way of getting lots of traffic.
I agree, time will tell just how viral and sustainable social media will eventually be.
dragan mestrovic
thanks, it's basically utilizing the same marketing strategy with a new tool.
Michelle,
Yes, the trick is finding the "right" opportunity and timing to connect.
Evan,
I think getting traffic is a marketing tactic (part of a brand strategy), it'll come over time if you're consistent with your brand, taking ownership of your channel. And it's not as important if they're of low quality, that's why email marketing have such low conversion rates.
I like the last part about transparency as that and honesty has always been important to me, not just in social marketing but in "real life" too. And that's what it's all about - looking at these social network services like social networks, your family, friends - and so many seem to forget this. Even if the interaction happens mostly online, in a digital form, it's not that different from non-digital socializing, is it?
It's not that different, social media in some ways is mimicking how we engage offline face-to-face. There is just a lower barrier to entry to spark interactions enabling more people to socialize but it's a bit harder to build authentic intimacy.
Social media is incredibly powerful, but it must be utilized effectively. My reasons for creating my social networks have changed from just being available to be followed to creating another channel of communication through which I can continue to build trust and relationships with my blog readers.
Excellent post! I tweeted and stumbled it.
P.S. Will gladly tweet & stumble this great info/presentation for you ...