Last Call: Apply Before Friday to Win a Scholarship to SMW NYC Courtesy of Nokia!

Social Media Week starts in less than a week! We could not be more excited for the incredible program of sessions, master classes and panels that are going down at the SMW campus.  Because all events require a pass this year, we have teamed up with Nokia to make sure that Social Media Week stays accessible to everyone.

In partnership with Nokia, we are sponsoring 500 complimentary campus passes for those who qualify. The Campus Pass will give you access to our experiential floor, made up of co-working spaces, networking lounges, The Future of Now Exhibition, and a Pop Up Marketplace for Digital Brands. In addition, this will include all official sessions, including two floors of programming consisting of keynotes, panels and masterclasses (which are always subject to availability).

Sound good? We thought so. Here’s who is eligible to enter!

  1. students (currently enrolled)
  2. non-profit employees
  3. startup or small business employees (defined as a company with no more than 10 employees)

If that sounds like you, apply here, and the last day to enter is FRIDAY. Please note, that we have a limited number of Scholarships and cannot guarantee that your application will be accepted.

Thanks again to Nokia for supporting this campaign! Their ongoing support our mission at SMW makes this Scholarship Program possible.

Social Media Does, In Fact, Matter — To Every Kind Of Business

Let me be honest: I’m sick of seeing posts on LinkedIn looking for volunteers or interns to run social media. Furthermore, many of those that do offer pay, they are only suggesting a $30,000 salary.

The fact is this: those businesses misunderstand what social media is about — as do plenty of fresh-faced college graduates who think the job description consists of tweeting.

Social media managers and strategists don’t post on social media. They create, plan and execute marketing campaigns.

It’s all about social media strategy. Social media matters simply because of this fact — it’s new-age savvy marketing, not a just social tool.

2014: the year of salaried social media jobs

OK, so many businesses aren’t understanding the full importance of social media, but it’s at least important that businesses of every kind — non-profits, corporate and small businesses — recognize its potential. A staggering 88% of marketers would like to know the most effective social media uses.

Forbes declared last month that in 2014, investment in social media would be more than just a luxury — it will become necessary. A quick scan of social media-related postings on LinkedIn show that it’s true — many listings have the words “new position” embedded in there somewhere.

And there’s even data to back up that claim: Business Insider cited Constant Contact’s Small Businesses: Then and Now Survey saying that 87% of small businesses are using social media as a legitimate marketing tool.

The publication also predicted there’d be a vast expansion in these six social media-related jobs: SEO Specialist, Social Media Strategist, Online Community Manger, Social Media Marketing Manager, Social Media Marketing Coordinator, and Blogger or Social Media Copywriter.

This expansion makes sense. The Internet is accessible almost everywhere and folks are consuming more tidbits of information than ever.

People certainly take advantage of it.

According to Chelsea Krost, the average person has their smartphone with them 20 hours out of the entire day. And 80% of people reach for their smartphone when they wake up.

But why are so many skeptical to jump on the bandwagon?

Here’s the big question in social media for businesses: how do I measure the return on investment (ROI)?

That question isn’t easily answered — because there’s no way to be 100% sure you’re tracking the right data to prove this… or that you even can track the right data.

Every company is different. And sometimes it’s about trial and error to figure out which platform is most effective for your business. B2B companies seem to have a lot of success on LinkedIn; while B2C companies, depending on what they do and if they’re business or service oriented, can see great success on Twitter or Instagram.

Regardless, Social Media Examiner reported that some businesses actually have mastered tracking ROI. It seems like most of those businesses don’t have direct proof per se, but use of social media is the differing variable when the company started to see decreases in spending or increases in sales.

Either way, Social Media Examiner’s 2013 Report finds 89% of marketers surveyed claimed increased social media marketing increased exposure and site traffic.

Social media matters — and here’s why

When I talk about social media use I don’t mean quoting eccentric family members at Thanksgiving dinner on Twitter (though I’m guilty of this). I mean using it for marketing, branding, developing brand trust, hearing from individual customers, and doing damage control.

It’s pretty much a given that businesses, marketers, and even individuals (in a lot of fields, you market yourself) should care about these things.

A lot of businesses may not see an ROI on their social media, but the question should be this: why?

Sometimes it’s not about the use of social media as much as how it’s used. Social media can be used poorly or used well. Someone doing a company’s social media should be paid for their expertise — because social media is not just about posting on the platforms, it’s about posting content to the platforms.

According to HubSpot, companies that blog 15 times or more per month see an increase of five times the traffic on their site.

The other key to social media is persistence. Social Media Examiner’s 2013 Report also cited that companies using social media for three or more years said it helped by improving search rankings, creating more partnerships, generating ideas, increasing traffic, providing marketplace insight, and reducing marketing expenses — to name a few things.

Social media in use — effectively — isn’t just about posting. It’s about executing a strategy specifically tailored to a company — and it is proven to help marketing efforts.

So why aren’t you investing in social media?

Lane Blackmer is a self-employed former journalist. Although she’s no longer a newsie, Lane since discovered other uses for social media such as public relations, marketing, job searching and trying to win gift cards from her favorite local businesses through contests. Lane inhabits Philadelphia, where’s it’s not always sunny…but at least there’s cheese steaks. You can follow her on Twitter at @LaneBlackmer.

Image courtesy Social Media Examiner 2013 Report. Featured image courtesy Dan Meyers.

Local to Global: Social Media in the Markets of New York City

New York City is known for many things: Broadway, art, crowds, music, fashion, tourism, etc. But, the core passion of every New Yorker is our dedication and passion for food. Delicious food.

It was of great interest then for Karen Seiger  (Author/ Founder of Markets of New York City) to moderate a panel discussion with local, food entrepreneurs on their use of social media to cultivate an audience – Local to Global: Social Media in the Markets of New York City. The five food artisans in attendance were:

Fany Gerson, chef and owner of La Newyorkina
Liz Gutman, co-founder of Liddabit Sweets
Simon Tung, co-owner of Macaron Parlour
Susan Povich, co-founder of Red Hook Lobster Pound
Allison Robicelli, chef/author/blogger/co-founder of Robicelli’s

Developing an Online Voice and Personality. While each purveyor differed in their preferences for a social media platform, the general consensus was the need to 1) develop the right tone that best reflected the personality of their brand as well as 2) the right interaction to engage their online audience. Social media has greatly hastened and cultivated our current need for transparency. Now, customers want to know the full 360 who is behind the product, what is the owner’s personality and background, what happens on a daily or weekly basis, etc. Fany Gerson, whose paletas (Mexican ice pops) are highly popular in Manhattan, noted that she tweets in both Spanish and English as a nod to her cultural roots and diverse clientele. Allison Robicelli recounted she began with the oft-started professional tone. But when she finally let her true personality/voice take over, posting comedic and entertaining accounts of her life via stream-of-consciousness thinking, her online audience increased dramatically not only locally, but internationally as well.

More Content Than Advertising. A beginner’s faux-pas that each panelist stressed should be avoided was the assumption that every post and tweet focus on advertising the product. You want to be a conversationalist, not a commercial. A majority of online actions should be focused on interacting with your customers (answering questions, commenting on their posts/tweets) and providing content (industry-related topics or news, photos, events, personal opinions).

Crowdsourcing Ideas and Feedback. Social media is instantaneous and real-time, so business owners can immediately receive feedback on their customer needs, preferences, and requests. It’s the improved, straight-from-the-source, focus group model. Simon Tung relayed an experience when he received customer comments regarding an issue with one of his baked goods. He quickly examined the product, confirmed the validity of his customer critiques, and immediately removed the product from the shelves. Allison Robicelli continually asks her customers for cupcake flavors as well as recommendations for past cupcake flavors that should be reintroduced.

Crowdfunding for Business Growth. Not only does social media provide audience engagement and communication, but it can also be used as a vehicle for raising capital. Both La Newyorkina and Red Hook Lobster Pound suffered great loss during Hurricane Sandy as their kitchens were located in Red Hook. Fany Gerson, of La Newyorkina, created a Kickstarter campaign to raise capital ($20,000) in order to rebuild her entire kitchen. Gerson’s strong community of fans and peers mobilized as fundraising ambassadors on her behalf via social media networks, resulting in La Newyorkina over-exceeding the initial $20,000 goal within one week.

Handling Customer Complaints. Most of the panelists handle customer complaints through Facebook and Twitter, but mention Yelp and everyone lets out an exasperated sigh. Yelp seems to be the bane of any food-related business owner. While there are valid criticisms, a majority of the negative reviews are from privilege-minded individuals who expected special treatment  during their visit or from individuals who leave negative reviews to receive future special treatment. Business owners must learn to ascertain and identify which reviews are legitimate in order to conduct follow-up. Susan Povich of Red Hook Lobster Pound reviews Yelp for dissatisfied customers and sends them a specially coded gift certificate. When someone shows up with said coded certificate at any of the locations, employees ensure that specific customer has an exemplary second experience. Additionally, this allows Povich to track conversion rates for customer service.

Your Peers Are Also Your Community. It’s a small world and in the food entrepreneurship industry, it’s even smaller. Each of the panelists stressed the importance of authenticity and relationship building not only with customers, but also with fellow peers within the field. Working in silos was never an option to them, nor was it a mentality they wanted. The panelists and their peers became secondary family, helping one another during various markets, providing advice on business matters, brain-storming ideas on culinary initiatives, and sharing kitchen space and resources when needed. This community spirit, carried over on to social media platforms, indirectly helped increase customer engagement and followers. Customers would read online interactions between the business owners; begin following the companies they were previously unaware of; involve themselves within said business conversations; visit the recently-followed food establishments to taste the products; and most importantly, the customers would then provide reviews and endorsement of the products/companies through their own personal social networks of friends.

For the burgeoning food entrepreneur, the major takeaways to heed are: find the right platform; create your online voice/persona; interact with your audience AUTHENTICALLY (talk with them, respond to them, ask for feedback); don’t be a commercial and hard-sell your products; always provide content through your social media platforms; and create a community with your peers.

Success takes time, but community support is what carries you to the finish line.

Lisa Hoang is an arts administrator who is now immersed in all things digital media, tech, and healthy eating. She is currently the Assistant Director for NYU-SCPS overseeing academic programs in Digital Media Marketing, Digital Publishing, and Leadership/Human Capital Management. Lisa has a B.S. in Fine Art/Illustration from Towson University as well as an M.P.S. in Arts and Cultural Management from Pratt Institute. She spends a majority of her time testing the limits of her metabolism. You can find more about her at: www.vizify.com/lisa-c-hoang.

#SMW12: Event Guides! Small Business

We’re doing all that we can this week to help you optimize your #SMW12 experience. Having Constant Contact as our Small Business Sponsor has really challenged us to focus more in this area, so, if you’re a small business and want to grow larger– these events are for you.

Monday:
Noon at Thomson Reuters: Don Tapscott on Re-Civilization: Empowering Change Through Collaboration followed by Interview: The Naked Corporation Revisited
3pm at Bloomberg: Keynote: Howard Lindzon followed by Panel: The Evolution of Reg-FD: How Social Media Has Changed Investor Relations
4pm at IAB Lab: Does This Tweet Make My Brand Look Fat? New Realities of Social rEtailing
6pm at NYIT: Design For Collaboration

Tuesday:
7:30am at Grand Hyatt Hotel: BtoB’s New York NetMarketing Breakfast
9:00am at JWT: Screw Earning Media and Start Earning Value
9:00am at Big Fuel: Guardian interview with Jalak Jobanputra
12pm at Bloomberg: Maintaining Authenticity and Transparency: How Financial Advisors Are Using Social Media to Build their Business
2:30pm at Big Fuel: Connecting Disruptive Business Models with Innovation in Business
4:30pm at Thomson Reuters: Supercharge your love for facebook marketing

Wednesday:
Noon at Thomson Reuters: Consumer Engagement & Online Community in Social Media
1:30pm at Thomson Reuters: Crowd Sourcing Human and Monetary Capital for Social Impact
3:00pm at Bloomberg: Radical Collaboration & Entrepreneurship
4:30pm at Thomson Reuters: Email and Social Media: The New Rules of Engagement
6:30pm at NEW NYU Poly: Gidsy.com Founder and CEO tells founding stories

Thursday:
12pm at Ogilvy: We’re All Social Now: Why B2B Marketers Can Get With the Conversation
3pm at Ogilvy: Social Commerce Is Here, Is Your Brand Ready?
4:00pm Webinar: Getting Started with Social Campaigns

Friday:
10:30am at Hearst: Untapped Drive: How innovation and entrepreneurship is revolutionizing daily life through social media & tech platforms
12pm at JWT: How Brands Are Building Deep Connections with Professionals
3pm at Bloomberg: Keynote: Jalak Jobanputra on What in the World? The Global Startup Scene: Micro and Macro Trends Fueling Tech Growth around the World followed by NYC’s Digital Growth through Public Private Sector Innovation: The Role of Government in Fostering NYC

In addition, Small Business Sponsor will be posting a 5-part series on our global blog on how you can improve marketing for your small business or nonprofit. Keep up with it over the next few weeks and learn more about their Regional Development Director for NYC.