Monthly Archive for June, 2009

Social media: What Else Should I Be Doing?

It seems I have conversations DAILY with people wanting to learn more about social media. In the past few weeks, I’ve spoken with people with entities ranging from a cupcake bakery, an automobile parts manufacturer, a nursing association, a dog trainer, and a medical device company.  I tell all of them equally “your customers or members, prospects and competitors are using these online communities every day” – and more than likely, they are also talking about your products or services in these online communities!

What is Social Media? It’s the use of technology combined with social interaction to engage and participate in conversations. Instead of one-to-one conversations, it’s one-to-many conversations.

The social media space includes blogs, RSS, social search, social networking and bookmarking.  This quiver of tools gives the savvy marketer the ability to create richer communications to generate new business.  Now, it is easier than ever to build up thought leadership and credibility online by posting articles, blogs, video and pictures.

A Quick Snapshot of Social Media Tools:

LinkedIn: Most likely, you are already using LinkedIn for your professional network, quite possibly with a group related to your association.  If you don’t have a profile set up or have an updated profile, go to LinkedIn.com. Tip: Use the Q & A section to build up thought leadership.  You can join up to 50 groups and submit relevant news articles that you enjoy to the groups you belong.

Facebook: Many people are only using this for their personal online community. I recommend that you keep this to friends and family.  Business contacts can join your association’s Facebook fan page. Tip: Join relevant Facebook groups to find potential members/customers, articles and industry information.

Jigsaw: This is a great tool for prospecting and an excellent way to find contacts within an organization. Note: There is a fee for this service. Tip: Combine Jigsaw with LinkedIn to find contacts.

Twitter:  This is really just a Microblogging site. Twitter is a great tool to use for research. Tip:  Download Tweetdeck and use the search tool to find conversations about topics of interest to you and your business.

Social Media Submission Sites: Digg is a social news website made for people to share content. Digg allows you to submit articles that people can give a thumbs ups or thumbs down. Tip: Digg is another way to build up thought leadership, and a treat place to search for content.

Slideshare: This is a great site to post your PowerPoint, PDF and Word presentations. However, be sure not to post any proprietary information. Posting builds up your credibility and adds to your thought leadership reputation. Tip:  You can also link Slideshare with your LinkedIn profile.

Blogs: Technorati is an online tool to search for relevant blogs. I don’t recommend starting a blog until you are committed to keeping it updated. Tip:  Rather than starting your own blog,  find blogs that are interesting and post your comments and feedback for others to read.

Ning.com: This tool allows you to search existing online communities or start your own for free. Tip: Ning is a good place to join online communities that are of personal interest.

Social Media Monitoring:  It’s important for you and your organization to listen to the online world first, before engaging. This will allow you to formulate a plan and determine the key online communities that are a fit for you. Social media monitoring uses key words to search for information. This is a great way to keep up on what people are saying about your company, industry and competitors. Tip:  Try one of the social media monitoring free services (Tweetdeck, Google Alerts, Yahoo Pipes, coComment and Commentful) or use a professional monitoring service like Radian6 and Filtrbox.

A few tools and tips:
1.  Manage your time with social media. Like any new tool, learning to use social media will take time. Take a little time every day to review, respond and engage in the online community.

Follow the rules:
• Remember that getting involved requires a commitment. Your readers will easily get turned off if you start and then leave them hanging.
• Be honest and authentic with what you post.
• Do not spam. Nobody likes a hard sell.
• Review your employee handbook and make sure you have rules for employees to engage social media tools.
• Assign social media responsibilities to various employees, including your customer service team. Your employees should report back anything relevant to your industry.

There are new social media tools coming out every day, and most of these tools are very simple.

Spend a little time learning about these new tools and finding the ones that make sense for your company. Put your plan together with few simple goals and assess it quarterly.  You will be on your way to conversing and contributing in the Social Media Space!

Ubiquity Group specializes in generating demand for life science companies.

Greg@ubiquitygroup.com
303-962-8700
Follow on Twitter: @ubiquity

For more information: Follow my blog:
www.ubiquitygroup.com/resources

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Generating Demand for Life Science Companies: 4 quick tips

Generating Demand for Life Science Companies.

Ubiquity works with many size companies within the life science industry, from start-ups to mature global companies. They have one thing in common — the desire to generate demand for their products or services. The demand they need, however, is different. Start-up companies may be seeking investor awareness while mature companies might be looking to generate revenue by creating a pipeline of leads for their products.

Let’s review 4 quick tips to effectively create demand for your company.

TIP 1: Know thy customer.
Whether your customer is a venture capital company, a surgeon or a purchasing representative, do you understand how your influencers and decision makers research information on your offering? Utilize online surveys to ask customers, prospects, suppliers and employees about how they get (or would get) information regarding the company or offering.

The key is to understand the demographics (age, gender, region) and psychographics (opinions, values, attitudes) of your customers, then linking it to their technographics (technology preference). Do your surgeons use smart phones, yet do their purchasing agents strictly use email?
Tip: You can now develop relevant messaging to each target segment, using the right technology. It will increase your open rates and ROI.

TIP 2: Listen.
It is important to review the market for your product. Do you understand your competitors and their messaging? Research your competitor’s unique selling proposition and how this compares to your product. Utilize secondary research to uncover news, press releases and public documents. Listen to the online world for what your customers, prospects and competitors are saying about the marketplace. Is it consistent with their messaging? Is it creating buzz or white noise?
Tip: Use an online monitoring service to find news articles, blog comments, video comments, and monitor all social media channels.

TIP 3: Consistent Relevancy.
Now that you know your prospects and customers, make sure you have relevant messaging for each of these targeted groups, but also, make sure you’re saying it consistently. For example, it’s not efficient to create a PowerPoint presentation each time you present, but one canned “overview” presentation wouldn’t be relevant to your investors and customers alike. What to do? Drive demand by segmenting your messaging into each target. There may be three there might be fifteen. It depends on your offering and the breadth of your market.
Tip: Develop a copy platform target segment. A copy platform provides continuity in the messaging and describes how your product or services solves their problem. It’s unique and relevant to that segment.

TIP 4. Live digitally.
Technology is changing how we interact with each other and how we find information. There is no free way to interact with prospects and customers. However, by utilizing search engine tools to help future customers find your offering, you will have a cost-effective solution. Combine these tools with a compelling online campaign to reach your target segment, you’ll be light-years ahead of traditional marketing techniques. Last, integrate your website. Too many websites are company-centric versus customer-centric. By building your digital presence in this way will allow you to track and measure the performance of your campaigns.

Tip: Design your website to capture information such as email to use in future marketing efforts. Capture people who are interested in joining a community around your products. Always, always have a call to action.

We will be expanding on these topics in upcoming articles. Sign up today to receive more information.

Contact Greg Olson for case studies of demand generation.

Greg Olson :: Growth Officer
greg@ubiquitygroup.com
Blog: www.ubiquitygroup.com/wordpress/
Web: www.ubiquitygroup.com
Twitter: @ubiquity
Facebook: Fans of Ubiquity
303-962-8700
303-587-2847

Ubiquity specializes in generating demand for life science companies. We help medical technology and bioscience companies create a better human health experience.

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