Social Business: Analysis – Part 4C: Business-Related Myths

The Fundamentals series continues the analysis phase with a mini-series on assessing the value and effectiveness of social business. This mini-series will cover the following aspects:

• Reasons to participate in social business (covered in parts A, B and C)
• Internal considerations (covered in parts A and B)
• Debunking myths
• Social business in B2B environments

I’ve divided social media myths into three categories:

1. Adoption and Diffusion related myths
2. Engagement-related myths
3. Business-related myths

Today, we’ll look at social media myths related to your business.

A great number of myths and misconceptions circulate around social media. Here’s my attempt at clearing the air to show where we truly stand:

• Small businesses need to be on social media Social media can provide value for small businesses but they need to realize where that value can be gained. Is it Twitter or Facebook? Or maybe Foursquare is a better option?
• Social media is only for “cool” brands Again, social media can provide value to any company as long as you focus on the right people, the right topics and the right platforms.
• Social media can be done by interns Your younger employees might be more versed in using social media but are they also able to react to crisis situations as adeptly as upper level staff? Are they also able to tie the use of social media to the company’s business/marketing objectives? In my opinion, top-down support throughout the organization is needed to be successful internally.
• Anyone can do social media While there are no high barriers to entering the social web, there are professionals that have experience in applying social media in businesses. Find these people and let them help you. It’s very similar to SEO and web design; you could do it all in-house, but there’s expert help out there. We’ll get more depth into what matters when you’re considering the services of social business consultants at a later stage.
• Social media is cheap While many social media platforms are free or low-cost, creating accounts will only get you so far. There are more resources (time, people and money) needed to successfully create and implement a social business program.
• Using social media causes you to lose control over your brand Whether you’re using social media or not, people are out there and in control. They can talk about you whether you’re involved or not. Be happy that people are talking about you and embrace the fact that you can monitor—and act on—these comments and conversations.
• Social media ROI cannot be measured This statement’s not true either. Social media efforts can be measured, but do realize that the metrics involved are different. We’ll talk more about how social media measurement when the time is right.

If you know any other myths related to business, I’d love to hear them in the comments! Next week, we’ll look at social media in B2B environments, see you then!