Every sporting team has a game plan, a series of scripted actions that hopefully will lead to the outcome they desire, a win. For a football team, it’s inside handoff, a safety blitz or a post pattern. In basketball, it may be a pick and roll or a triangle and two defense. Baseball players practice, the suicide squeeze while pitchers and catchers go over the pitch sequence for each batter.
The goal of having a game plan is to have a successful outcome, winning the game. And of course it doesn’t always happen, because the opponents have their own game plan. So it comes down to who can execute their game plan the best.
Isn’t the same true for your business? You have a desired outcome, either making more money, selling more products or providing a better service. So shouldn’t you have a game plan?
But the question is where to start? The first step in the process should be defining what outcome you want. Making a ton of money isn’t an outcome, it’s a fairytale. So the first step should be defining the goals for your business. Beginning by setting SMART goals. SMART stands for Specific, Measurable, Attainable, Realistic and Timely. There are many resources that discuss SMART goals and how to set them, so I won’t cover that here, other than to say, it is critical to know where you’re going and be able to measure your progress along the way.
So now that you have your goals set and know what outcome you want, its time to design the plays to make those happen. The first step is defining who is your target market. The second step then, becomes how do you reach your target market.
That’s where social media comes into play. Sites like Facebook, Twitter, YouTube and Linkedin have very broad demographics. Facebook currently has over 400 million people with the fastest growing segment being over 35 and female. In fact, Facebook is now the number two most trafficked site on the web. In March of 2010 during a one-week time period, Facebook actually got more traffic than Google.
If your business targets professionals with 100,000+ income, LinkedIn might be your best choice. While not as social a community, the LinkedIn users are categorized by their business and professions. So if you want to target marketing officers in the healthcare industry, for example, you can do that.
The incredible power social media offers to create a buzz in the marketplace is really at the heart of its strength and popularity. You can spend thousands, even hundreds of thousands of dollars, in advertising, and only hope your message reaches your targeted customers. But with social media, you can target those customers, where they’re spending a lot of time with very little cost.
I’ve always said, if I could sell word-of-mouth advertising, I would be sitting on a beach somewhere with a cell phone saying “send me a check for $100,000, and I will deliver the customers to you”. But now, that’s not far from the truth (at least the part about word-of-mouth advertising.) Social media has elevated referral marketing or word of mouth advertising to a viral state. Now, we don’t have to be on the phone or at a party talking to a friend to recommend a business. We do that on our social media sites. And while we only talk to a handful of people on the phone or, at that party, our entire circle of friends will see a recommendation posted on our wall.
So unless your business game plan includes a social media plan, you’re more like the sandlot sports team drawing plays in the dirt. You might occasionally get lucky and throw a touchdown. But if you come up against a team (business) with a well practiced game plan, success will not likely be in your future.
Gary Wagnon and 800biz.com have over 10 years experience in website design, search engine optimization and social media marketing. With over 30 years in business and consulting, we understand your business needs and partner with you to grow your business.