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Is Social Media Worthless?

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11–20 of 90 posts

Re: Is Social Media Worthless?

#11

I know many stories like these. When I ask companies "Do you generate revenue via social media? Facebook, Twitter, G+ or anything?" the answer is always no. I would love to know about counterexamples if there are any.

Trivial counter-example: foodtrucks.

Outside of that, well, um.... er...

EDIT: Further thought would suggest, Facebook, G+, Twitter, etc. That seems to hint that maybe the main business of social media is: spreading social media. Ruh oh.

Re: Is Social Media Worthless?

#12
post #7

Direct benefits from Social Media are very low, yes. But this article ignores the fact that a lot of modern SEO relies very heavily on Social Media. So even though direct links from Social Media are worthless, the effect it will have you more likely making it on page one of a Google Search result makes all the difference.

Isn't that what DuckDuckGo is for?

Re: Is Social Media Worthless?

#13
I do know that direct social media marketing works like a charm. It has saved me a lot of time and generated good results ever since I started doing it. You can generate sales from it without much hassle. No need to purchase a lot of ads, either.

A lot of these huge companies market very differently than startups (those that do market) and small businesses. They focus more on branding. So, any result they get does not translate to you.

Re: Is Social Media Worthless?

#14
post #7

Direct benefits from Social Media are very low, yes. But this article ignores the fact that a lot of modern SEO relies very heavily on Social Media. So even though direct links from Social Media are worthless, the effect it will have you more likely making it on page one of a Google Search result makes all the difference.

Have there been any studies definitively showing a link between social media links and increase in search rankings? I've been doing SEO for a number of years and I'm always a little skeptical of what is proclaimed as the latest trend.

I agree it would certainly make sense for Google to do it (and I imagine they are, and giving favor to G+), but I haven't seen any compelling evidence myself.

Re: Is Social Media Worthless?

#15
post #9

I know many stories like these. When I ask companies "Do you generate revenue via social media? Facebook, Twitter, G+ or anything?" the answer is always no. I would love to know about counterexamples if there are any.

I get 100% of all my sales through Facebook... as a small business owner social media is the lowest price entry point directly to your audience

That's a great point. But Facebook is starting to stonewall business owners with promoted posts, and the value of the channel seems to be dipping lower and lower. So business owners work to build up these audiences, and then they're charged a premium to get any eyeballs. At this point, a simple website and a good SEO expert might be a better long-term investment.

Re: Is Social Media Worthless?

#16
post #10
post #9

Earlier quoted context omitted.

I get 100% of all my sales through Facebook... as a small business owner social media is the lowest price entry point directly to your audience

Interesting. What kind of business?

Web Design - mainly building B2B sites as well... Behind every 'B' is a 'C'... I connect personally with business owners around my city and post useful info about how they could build their business with a better website. Get about 3 leads a week from people asking for more information - get about 1 sale a week.

I've literally stopped my SEO efforts.. most are just price checking anyways, looking for 'the lowest price'... I tend to find building a relationship and educating my potential clients better than trying to get a sale from SEO window shoppers

Re: Is Social Media Worthless?

#17

I know many stories like these. When I ask companies "Do you generate revenue via social media? Facebook, Twitter, G+ or anything?" the answer is always no. I would love to know about counterexamples if there are any.

Burberry is great example of using social media to completely revitalize the business. The stock as grown over 300% since 2007. One can attribute their success to a variety of factors but an important prong was social media. I think the difference with Burberry's strategy and say Pepsi's is using social media to enhance the key values/identify of the business.

Re: Is Social Media Worthless?

#18

I know many stories like these. When I ask companies "Do you generate revenue via social media? Facebook, Twitter, G+ or anything?" the answer is always no. I would love to know about counterexamples if there are any.

Yes. I work for a national professional body - a membership organisation - and we generate business (i.e. new members) through social media. We also retain more members because we can subtly remind them of the benefits they get, and respond quickly to their customer service needs, through social media.

Twitter is perfect for raising brand awareness, dropping hints about the benefits of membership to non-members, and quickly resolving issues members are having.

We also use social media to position ourselves as being at the forefront of our industry by being the first to break news, RT things people wouldn't have spotted, provide practical advice and create debate via our blog, etc.

Works for us.

Re: Is Social Media Worthless?

#19
post #7

Direct benefits from Social Media are very low, yes. But this article ignores the fact that a lot of modern SEO relies very heavily on Social Media. So even though direct links from Social Media are worthless, the effect it will have you more likely making it on page one of a Google Search result makes all the difference.

Shouldn't that indirect effect show up in analysis?
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