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A panel discussion of Social Media experts formed at a recent JV Alert conference addressed a question on the business of Social Media. A key point made is that Social Media is a tool.
That excellent reminder serves as the starting point for this summary on How To Use Social Media to Start and Grow a Business. Social Media is a general term for community based Internet sites with the biggest ones being Facebook, YouTube, MySpace, and very fast growing ones like Twitter and LinkedIn.
Generally, my first response with a question like “how should I use Social Media?” is “what is it that you want”. My business Manifest Mastermind guides everyone in our free course as well as paying members to begin with a clear definition of what it is that you want and then they are asked why.
Applying this to Social Media and using my own experience as an example, my initial goal was to understand the primary options for Social Media sites. My conclusion was that I could spend my time for entertainment or for developing business. Very soon I further clarified Social Media for me which was that I wanted to know if Social Media was a valid tool for building a profitable business.
Social proof that Social Media is an effective tool for building a business is Manifest Mastermind. The time line from business idea to business launch was four months. This actually could have been shorter if we would have been able to allocate more financial resources to it. We spent a lot of professional time and very little cash in developing this business.
When possible I would advise others to outsource more but we proved that a business could be successfuly launced with very little money.
Social Media Blueprint:
This is a top level summary of the Social Media Blueprint I recommend. This is based on my actual experience with Manifest Mastermind:
1. Have a clear definition of what you want and why. Are you using Social Media for business or pleasure? If you intend to use Social Media sites for developing business there will and should be pleasure because Social Media is about developing relationships with people interested in who you are and what you are doing.
2. Identify what Social Media sites are best for your business. Actually this is fairly easy with the top three sites for business being Facebook, Twitter and YouTube. There are an ever increasing list of social media sites. Start with the ones that have the market. LinkedIn is growing fast and can be another one that is important for you going forward.
3. Form relationships with those most likely interested in that what you are doing. I am sure you have heard the advice to define your target market. This is no different. How do you find your market on Social Media sites? There are several ways. A primary one is doing research on: who is talking about your business topic (Twitter); who is joining groups related to your business (Facebook); and, who is adding video content related to your business (YouTube). I advise a filtering approach. Invite people into your world and then invite them into a network focused on your niche business.
4. Ultimately you must capture those with an interest into your own list. We use traditional Internet Marketing guidance on bringing people to our list and then offering value to demonstate why they benefit from spending money with us.
Manifest Mastermind’s business purpose is to help others create their own success stories. Success stories happen in the areas where people are clearly focused on a prioritized list of their own dreams. Dreams fall into three main categories: financial, health and relationships. They are never mutually exclusive. Our guidance is based on The Law of Attraction and the Mastermind Principle. Guidance is developed with experts advising us on particular topics.
We are expanding our reach in Social Media and we are soon launching our small group mastermind program. Every business model on line and off is based on one foundation principle: traffic and conversion. We are extending our traffic building model beyond Social Media. However, Social Media remains an integral part of our business development strategy.
Sharing with all my readers the energy of peace, happiness and abundance
Steve is the Co-Founder of Manifest Mastermind and President of International Business Consulting Resources. His firm specializes in guiding companies to rapid increases in revenue and profits with a sustainable growth rate. FREE Reports: