Home Wealth Project
Extensive Research On How To Build Wealth From The Comfort Of Your Own Home.
Extensive Research On How To Build Wealth From The Comfort Of Your Own Home.
Nov 18th
Social Networks Will Become Marketplaces
This content from: Duct Tape Marketing
For the last few years I’ve been promoting the idea that social networks are like outposts, in many respects, best suited to point the way to your hub or main content site.
Product for sale on Shoply.com
While I still believe this to be a fundamentally sound way to view social media use, I see a future that contains a shift in this thinking as well.
As the level of social behavior continues to evolve and social networks grow more important in the lives of their users, they will become much more than outposts – they will move increasingly towards self-containment and wholly functioning marketplaces.
There is a growing mass that simply sees the Internet as Facebook and Facebook is really okay with that. Other marketplaces such as Amazon, Etsy, Buy.com and eBay are moving to socialize your product search and sort and become decision engines. These online destination are making moves to merge this behavior with pop up offline presence as well.
As mobile users depend upon apps like Siri (personal assistant on iPhone 4S) and Yelp and gain access to large amounts of research via QR readers, search engines will play a diminishing role in how buying decisions are made.
Buy.com just launched a feature that allows you to connect and shop collaboratively with friends making social shopping a real-time phenomenon. Paypal just released an app called Send Money that makes sending money to friends on Facebook a snap. As trust in doing business on these platforms merges with increasing levels of content and engagement, expect people to do more and more in these marketplaces.
What this behavior signals for small business marketers is the need to begin to view some outposts as destinations. In other words, it’s time to start looking at building a store on Facebook, Shoply, Amazon, Buy.com, Etsy and eBay.
I know many business sell in these places already, either as a primary distribution channel or as a supplement to their own online or offline store, but it may be wise for all businesses, regardless of what they sell, to set up shop in one or more of these destinations.
You may not see an immediate profit from your eCommerce enabled Facebook store, but it’s time to make that an option and start teaching those that interact with you there how and why they might also want to buy from you there.
The key, as it has been so clearly for the last few years, is to also up your engagement, education and participation in these markets rather than simply look at them as transaction enablers. These are growing major cities and you need to claim and grow your holdings there before it becomes overcrowded.
Facebook ecommerce solutions
Marketplaces
View full post on Small Business Marketing Blog from Duct Tape Marketing
May 30th
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May 30th
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Mar 30th
Are Small Private Social Networks the Next Layer?
This content from: Duct Tape Marketing
As business people get in the habit of participating in online social networks and engaging in social behavior as part of their everyday routine, the next waves of online innovation won’t necessarily come in the form of a Facebook killer or Google launch, as they will in little adaptations of tools and apps that let us do more of what we’ve grown used to doing.
To me, a great case in point is the growing buzz around group texting apps. Group text apps such as GroupMe, Beluga and Disco allow users to form groups that can send and receive text messages in a sort of reply and read all manner. You can think of it like group chat or reply all emails, but on the go and on a mobile device. You can also launch group conference calls from the service. (Right now most are limited to US carriers as sorting out International texting is going to prove trickier.)
For our increasingly mobile world this application fills a couple interesting gaps. Texting with your friends lacks the obvious reply all function, so if you want to tell twelve people what you are doing you have to enter the list each time. Email can get this done, but it’s a little clunkier on the phone and requires folks on the list to sync up with their email. Anyone with text capability on a phone can now participate in the group. (I’m guessing that’s getting to near 100% these days.)
To some degree, Twitter was created with this kind of functionality in mind and I recall people using it like this when it caught fire at SXSW 2007, but then we got all these followers and actually reading a stream fully became impossible, not to mention public.
I think group text apps can add a layer to our increasing habit of social communication, but allow us to create small, private social networks that communicate through our mobile devices. The fact that Facebook recently purchased Beluga and Disco is a Google creation, should be signal enough that this is a growing communication option.
The obvious use, and one that first introduced me to group text apps, is a small tight knit group like a family. My four daughters are grown and spread around the country and through the use of a group text app we routinely strike up impromptu chats and send updates and everyday life kinds of photos that happen on the go and wouldn’t happen if we relied on Facebook.
The business uses of a small, private social network seem increasingly obvious as well.
A group that contained staff members would make it very easy to send alerts, quick updates and even throw out topics for debate while including all in an instant loop that could be captured for later reading. There are other tools that can make this happen as well, but there’s something very instantly participatory about SMS. Departments and far flung teams could create on the go alerts and discussions.
Now, some might bemoan the fact that their phone is now going to start buzzing away with insidious group chatter from the office clown that now has yet another way to show off pictures of his cat, but like all things, you’ll need to manage the tools and create process that works for this to be a viable new communication channel.
What about creating select groups of clients that agree to offer occasional opinions about new marketing initiatives. Or, allowing clients to opt in to your referral group and use the tool to educate them about your referral contest. Or, creating a small, private social network of strategic partners that could share information about potential opportunities and leads exclusively.
Because groups can be created and deleted almost on the fly, group text apps are becoming a huge hit at conferences and events as a way for people to get up to the minute updates on what’s happening now. I’m already seeing people splintering off social networks by location and creating on the fly groups when they travel to a city with friends.
Group text apps are easy to set up and allow the group creator or administrator and participants a great deal of flexibility in managing the group. There are opportunities to create public groups, but it’s the private function that offers the most promise. You can be certain that things like advertising and recommended brand led groups based on your interests are likely monetization options for these free tools, but for now, I think it’s a category worthy of consideration.
Shares some ways that you see using this technology in your business?
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View full post on Small Business Marketing Blog from Duct Tape Marketing
Oct 11th
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Oct 10th
| In spite of – or perhaps because of – the amount of advertising on TV and in the streets, young consumers see the internet as… |
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Oct 9th
| “Perhaps the most… more productive,” read the report, which reported that use of social media directly correlates with growing use of the Internet… |
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Oct 5th
| ThreatMetrix, a company that provides fraud prevention services on social networks, e-commerce sites and more, has raised $12.1 million in new funding… |
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Sep 27th
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Pay per click marketing is a fairly new form of advertising. Business owners have traditionally only been able to advertise through mediums like TV… |
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Sep 14th
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The Internet of Things—with sensors that monitor, for example, road use or airline flights—is poised to dwarf social media sites… |
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