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By: Linda Kaun

New Marketing Rules: Ready or Not?

Are you "joining the conversation" of Web 2.0 or Social Media marketing yet?


It'd be pretty hard not to be familiar with the tools associated with social media by now...blogs, podcasts, online video, RSS, customer review sites, social networking, webinars and so on.


When I look at various websites or speak with some B2B marketers though, I still see a big gap in understanding what is behind social media marketing and how it impacts their business today.


What does all this really mean? Does this actually make a difference to how you do business? Can't you just add some of these new tools to your marketing and expect better results? In fact, the point of social media marketing is a 180-degree shift in thinking you must understand if youre going to use it to your advantage.


First, think about how traditional marketing is a one-way communication channel. TV commercials, direct mail, ads in a trade publication or magazine all push their product or service onto the target audience. That audience can accept or reject it, but they have no way to interact with it...to talk back.


Along came the Internet and completely changed all our lives.


Suddenly the so-called target audience became marketers themselves. All sorts of rating and review sites like Amazon, eBay, and Trip Advisor got started long before millions of blogs, YouTube and social networking sites came on board.


Consumers have gotten used to comparing others views and expressing their own opinions, rating books they read, hotels they stay at, restaurants they eat in...all online for all the world to see.


The key result of these changes for marketers is the shift in perception of what marketing is all about. It has come to be known as "The Share Economy." A model of collaboration. A give and take of ideas and opinions. It's active listening and making a contribution that others can benefit from.


The old top-down model is simply not going to work for your business anymore. A marketer telling their audience what they should think or feel about a product is taken with a hearty dose of skepticism these days.


So if that's not working, what is? Buying and selling of goods and services is not going away anytime soon-regardless of what shape the economy is in. What does that mean to say we have a share economy? How does that change your marketing? And how does all this fit into the B2B market?


B2B and Social Media


The B2B market has been slower to catch on to the vast opportunities new social media offers. The following briefly convey what the new rules of marketing are and how they can benefit your business.


1. Build for long-term relationships

By offering your prospects a "slow drip" method of getting to know you through a variety of channels, your chance of building a long-term relationship is greatly enhanced.


And the key to the new marketing is just that-using these new tools to build a relationship. If you have the old marketing mindset of pushing your product or service onto an audience to make a quick sale, youll miss out on the potential rewards social media offers.


2. Participate

Don't talk at your prospects; talk with them. Join the conversation. Have a dialogue, not a monologue. The Internet has given rise to many professional networks in your target market that cut across geographic boundaries. Use social media tools to facilitate the conversations among these groups. Don't jump in and start pushing your products or services. Instead...

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 Published On :  Wednesday, July 01, 2009

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