I recently read an article titled “6 New Terms to Use When Measuring Social Marketing Efforts” and thought it worthy of sharing.

You see, most of us know these terms and use them on a daily basis – this puts the terms into a social setting and helps you get a better perspective. The follow is the terms;

1.Attractions. It’s not quantity but quality that matters in social media. Being able to attract a qualified, quality following is a real social marketing skill. It isn’t about spending huge amounts of money to grab people’s momentary attention. It’s about a slow and steady build of identifying and reaching the right people and then connecting with them for the long term. Did you just spend $250,000 on a funny series of videos and got 23,000 fans on your Facebook Page? Sucker. Most of those people will ignore you from here on out. They may have clicked “Like” during your campaign, but they really don’t care. Are you attracting the right people ,or are they just empty numbers?

2.Participations. Your investment in developing content should be measurable. But what is the value of a comment, or a “like” on your status update? A retweet of your tweet? There can be an algorithmic calculation of the relative or exact reach of the participant, the number of posts from you, the number of overall fans or followers. But is it those numbers that matter here? Facebook Insights offers a “Post Quality” metric, a metric calculated on a rolling seven-day basis that uses the percentage of your fans that engage when you post content to your Page. But how else can you calculate participations? And more importantly, how are you appreciating the value of those who are participating with you in your social channels?

3.Interactions. Do you know how to leverage an online community? Once you get a community going, it seems to take on a life of its own. But good community moderation and management means that you can artfully leverage the interactions and turn them into actions. There is value in those interactions, not just between your customers or potential customers and you, but also those between the customers and potential customers themselves. How are you identifying and measuring these interactions? Have you calculated how much time and money you are saving in the long run because of the more direct and intimate customer service interactions you can have in social channels?

4.Actions. There is a vast difference between impressions and actions. Impressions are nebulous because you really have no idea if someone actually saw your ad. Actions are measurable. Social marketing can drive actions, although it often takes some time and a few steps in between. Don’t be turned off by the time it may take to get to the action. There is a great deal of value in the steps between.

5.Transformations. In marketing, a conversion occurs when a prospective customer takes the marketer’s intended action (usually when the customer moves from browsing to buying). But in social marketing, there is another kind of conversion that I’m calling the “transformation.” An example of transformation in social marketing: Picture the disgruntled client who vocalizes his or her frustration or displeasure publicly on Twitter or Facebook, a blog, or any other platform that they can access because of the advent of social media tools. Your company has been listening to the chatter in social channels, and a representative from your company addresses their concerns immediately. That person realizes that you are not only listening but that you care and will work to find a solution to their issue. They transform from angry customer to champion of your company’s brand. There is an incredible value in the transformed customer.

6.Transactions. The transaction is the closing interaction, the goal. Keep in mind that you want these transactions to happen more than one time in many cases. And this does not always refer to a monetary transaction i.e. a sale — that’s easy to measure. A transaction could be signing up for something; filling out a survey; referring a friend; sharing information. What are you trying to get people to do? When they do that, a transaction has occurred. How valuable is that to you? And what are you giving your customers in the transaction? A quality product or service? A discount? Additional perks of some kind? How are you communicating to your customers (or friends, fans and followers) that they are more than a sale? How are you showing them that they are a part of a valuable relationship that you are willing to maintain?

So, these are a few terms put into social perspective – I didn’t write or invent these terms though I do like how they have been layed out to help us better understand what some of the things we are trying to accomplish with our social media strategies.

Let me know what you think.

While Google still is the dominating search engine, local search is growing by leaps and bounds. 40% of all searches have a local intent – that is a number all businesse should sit up an notice!

Americans conducted 15.4 billion searches in March, with Google Sites accounting for 65.1% search market share, followed by Yahoo Sites at 16.9%, and Microsoft Sites at 11.7%. The Ask Network captured 3.8% of the search market, followed by AOL with 2.5%.

So where does this leave Local Search? As a searcher’s location becomes a standard bit of metadata to be factored into the PPC bid process, geotargeting is likely to become the norm. On the other end of the geotargeting search equation, we see that landing pages are somewhat neglected. Survey results showed that few marketers were taking advantage of geolocation-specific messaging once the searcher clicked through. For retailers, in particular, this is a huge missed opportunity.

Social sites can also help marketers find consumers that purchase wine, clothing and cars. “People who have expressed intent are accessible here,” he says.

Video also presents another opportunity. More than 174 million U.S. Internet users watched online video in February, according to comScore Video Metrix. Video viewers on Hulu watched content on average 2.4 hours per viewer.

Besides the hard work, commitment, sacrifice and long long days of first starting your company, it takes planning, strategy and a whole of mistakes and failure to build a profitable business.

That’s right… I said it, mistakes and failure! However, one can always learn from anothers misfortune. In other words, you will make mistakes along the way however you can learn from other people and not make the “same” mistakes others have made. Which brings me to the point – Profits. I have had the idea of writing about this for weeks but never had gotten around to it. Today, one of my fellow Twitter friends by the name of Steve Pohlit.

The following was written by Steve and can be found on his blog: Thanks Steve for writing this!

It is important to understand that in order to build profits, a profit must first be earned. If your business is a start-up or has been losing money, the main focus of all your activity is to make a profit.. not just any profit, but a cash profit. Cash profit is where your cash balance is growing after you cover all your expenses whether they be paid daily, weekly, monthly, quarterly or annually.

If your business is not in a cash profit situation, you will not be able to stay in business indefinitely. There will be a point when you run out of cash and you have to close your door. In the Proof of Concept article I mentioned Twitter as an example of a company whose business model is exciting but whose excitement will eventually die if it does not turn profitable.

One of the best ways to begin making a cash profit and then make even higher cash profits, is to develop a financial performance picture twelve months in advance. This financial picture is how you want you business to look financially a year from now. I always advise clients when doing this work to look at what the business has been able to earn in the past and then increase it significantly.

Individuals use a technique know as vision boards to focus on things they want including lifestyle improvements. The financial model of what you want your business to look like is your business vision board. “If you can see it you can achieve it.”

There is more to it than creating a picture twelve months out but that is a key starting point. For purposes of building profits I do not advocate going beyond a twelve month horizon as there are two many variables. However, when doing strategic planning a more forward outlook is appropriate. For now we are focused on building profits near term.

Written by Kevin Conway.

OK, I finally said it publicly, Social Media for business is Crap! .

Maybe because my feeling for the hyped-up benefits of social media was recently confirmed by a top millionaire online guru. If you follow the most successful gurus his name is always at the top of the list. As a matter of fact, he was the first online entrepreneur to make a MILLION $$ in a day. That said, recently he published a PDF where he said “I think social media Su-ks”. When I read that I felt a sigh of relief, “maybe I am not off the tracks after all”. You see when you don’t “follow the pack” you tend to sometimes feel like you are going down the wrong path or at least missing an opportunity. Now, I must admit I use all the major social media outlets including Twitter, Facebook, Squidoo, etc, etc. However, not for direct marketing. And, even though I publish new product releases on Twitter, analytics tells me no convertible traffic comes from that source or Facebook. My primary use of social sites is for building backlinks, but that is for SEO purposes. And, of course the added exposure. i.e. “branding” doesn’t hurt.

However, I never felt like any of the exposure or traffic was ever really serious “convertible traffic”. In other words social media is used for entertainment and communication, ahh, socializing. “Socializing” people are not in the “consumer mode” when they are cruising the social sites. They are looking for friends, maybe a date, etc. Proof of this observation is that these social sites still cannot monetize themselves via paid advertising to nearly the level of search engines like Google or Yahoo. Why? Because you really cannot target potential consumers when they are out at their “buying behavior mode”, i.e. when they are specifically looking to buy a product or service. To try and pull social surfers out of the “social mode” and into a “buying mode” requires many steps before a behavioral shift is realized. Sure, you can start a dialogue and maybe down the road they will recall your business, but the effort to generate business is much more ROI effective using PPC or SEO. The one bright spot for social media as a business tool may be list building, but my own results have been mixed (via measuring quality of opt ins).

And yes, I have read the eMarketer predictions that social ad spend will increase by about 400% by 2013. But, these same groups are also publishing reports like today’s “Does Social Media Work for Small Biz?” where 88% of all small business owners say social media is not helpful to their business. Proof that most of us are not yet seeing the tangible benefits, i..e., sales, leads, etc, from our social media profiles. Personally I am not even seeing much return on creating and maintaining groups within the social media outlets. And, one of the most raved about tools within social media is creating specialized groups.

So, at the moment using social sites for business generation, in my opinion is still highly overrated. As an owner of several e-commerce business I don’t see myself investing advertising dollars in social media any time soon. And, even though there are those that will disagree, I don’t think many of them can show you their own e-commerce business that has experienced any serious ROI using social media. If anyone can show me any REAL results otherwise, please I am all ears. But please Hold the HYPE.

The rest of this article comes to us from Mark Dolliver…

Here’s a bit of Internet Age heresy from small-business owners: 46 percent regard it as a “myth” that every company needs a Web site.

That’s one tidbit from a release this month of supplemental data from the ongoing Discover Small Business Watch polling. When small-business owners were asked in an August round of polling whether their company has a Web site, fewer than half (45 percent) said it does.

Among respondents whose business doesn’t have a Web site, the foremost reason (cited by 41 percent) was that “my business doesn’t need one.” Other reasons included “cost” (cited by 19 percent), “not enough time to monitor and manage” (16 percent) and “complexity” (9 percent).

Do consumers penalize small businesses that choose not to have an online presence? Not as much as you might expect. Polling in September among consumers asked, “Are you more likely or less likely to use a small business that has a Web site?” While a plurality (47 percent) said they’d be more likely to do so, half said either that they’d be less likely (17 percent) or that “it would have no impact” (34 percent).

Nor is there a consensus among consumers that it’s odd if a company doesn’t have a Web site. Asked whether they “expect every business, large or small, to eventually have a Web site,” those saying “yes” (46 percent) were outnumbered by the sum of those saying “no” (37 percent) or “not sure” (17 percent).

The same poll also asked consumers whether they would “consider using a service or small business that you heard about on a social or business networking site.” Forty-three percent said they would consider it, but 32 percent said they wouldn’t and 26 percent weren’t sure.

As Social Media continues to be a huge part of what Businesses need to do in order to help build their brands, I wanted to put together a list of websites that can help you get even more “social” with your business.

 I have compiled a list of 8 websites to help you get started. Facebook and Myspace are crucial however there is a plethora of other site out there too. Here is 8 to get started.

 Xing: Search this global site for business partners, contacts and professional opportunities.

APSense: Tap into an affiliate marketing revenue stream by promoting products and sites on your business profile, and get paid for the friends you refer.

Biznik: Join your local business community to connect and collaborate with nearby entrepreneurs, and find out about local seminars and events.

Entrepreneur Connect: Share ideas, join groups, publish content and promote your business on Entrepreneur’s own network.

FastPitchNetworking: Create a profile, product listings and blog, and take advantage of e-mail marketing and virtual trade shows.

GoBigNetwork: Get serious about fast growth in this startup community focused on finding funding, talent and expert advice.

Konnects: Build a network among other startup entrepreneurs and launch your own branded network when you’re ready.

Marzar: Connect with other business owners while promoting products and services in the marketplace.

Of course there is Facebook and Myspace so now is the time People – The year is ending and if you’re anything like my business, now is the perfect time to get out there with your social marketing.

Well it’s really not rocket science, maybe one needs to understand the propulsion portion of rocket science in order to understand local search. Local search is about being in the right place at the right time when someone is looking for what you are selling. Here is an interesting fact about how consumers are searching today…

Research shows that 85% of all consumers go online to research whatever it is they want to buy before they decide on where or who they are going to buy it from. The recent Cash for Clunkers is a testiment of this. 85% of consumers who participated in the government funded Cash for Clunkers had already made their decision on what car they wanted, the color, and from whom they were going to buy it from before they walked into that dealership. In other words, they searched online and made their decision based on what they found via search.

Who benefited from this process? I’ll tell you who benefited… it was the local car dealers who made the investment to use local search as part of their strategy. And I don’t just mean Google or Yahoo, these smart marketers also use local search as part of their complete online marketing strategies. Here is a great example of local car dealers using local search in San Antonio, TX.

The thing I like about this site is the listing page for the premium advertisers – this is there exact listing, one that demands respect within the search business.

My point is, you must be using local search as part of your strategies, if not you are missing out on some great opportunity for your business.

Which brings me to why I’m writing about MyLocalLookup.com. WhattheYahoogle has formed a partnership with mylocallookup in order to provide our readers a great tool to find local businesses. In addition, we want to add that you can now get your bsuiness featured with a Jet Package for 75% off the annual subscriptions rate. Simple type in the code “Yahoogle” to receive your 75% off at check out.

This is a great opportunity for small businesses who want to get involved more search engine marketing but don’t have the budget to afford the big guys. With this discount, the cost is $25.00 a month and can be cancelled anytime.

As our friends at Growmap wrote a few weeks ago, MyLocalLookup is the only local search engine promoted in 44 TV markets across the country. They have built a unique startegy partnering with TV stations and offering great solutions on a local level. If you haven’t already checked out MyLocalLookup and their TV commercials, you can view their TV commercials here.

SEM (Seaarch Engine Marketing) is a term all of us need to get use to and an action we all need to take. Give your business every opportunity to be found when a customer is looking for you and you accomplish this through SEM.

Business owners… It’s time take control of your business. Get involved with local search, hire someone to help you with SEM, be a part of the Social Networking opportunities. If you don’t have the time, let us know, we can direct you to the right company.

Today in business… that kind of thinking would soon put you “out of business”. I read an article I will subtitle as How Social Media Enables Social Change written by David Needle, who quotes a lot from the famous Clay Shirky. Between these two people, one can easily keep up with the trends in business today.

How should we use Social as a tool for business? What are the best Social sites to utilize for my business? These are both great questions and finding the answer is the tricky part. With the rise of Facebook, MySpace, YouTube and other social networks, Shirky said the media landscape is increasing in both size and visibility. This is so true!

Finding what works for your business is not easy and my recommendations is that you educate yourself as much as possible. We have to learn what works and what doesn’t work. We have tried at least different 100 things before we found one that worked. When we found one that worked, we stuck with it until it ran it’s course than guess what, we tried something else. Sounds crazy but it’s all about being seeing what sticks.

As business owners, we have to take the time to make a “change” within our communities and to try new things. The same applies with using Social Media, get in there, get down and dirty and learn. Read great articles like the ones linked here. Educate yourself and make things happen.

If a business doesn’t have the money to hire a big fancy SEO company then you must get in there and do it yourself – that’s the only option! We’ve done, thousands like us have done it and now you need to do it!

The article was written by David Berkowitz who is the director of emerging media and client strategy for Digital Marketing Agency 360i

And Mr. David Berkowitz believes its time for a new model… The articles covers the new pricing models for Social Media and also covers pricing models that are in place today.

Let’s first take a look at some current options;
• Cost Per Impression; better known as CPM
• Cost Per Click Impression; better known as CPC
• Cost Per Action Impression; better known as CPA
• Cost Per Engagement Impression better known as CPE

I think it’s worth your time to venture over and read David’s article – I find his insight to be very useful and I always learn something new from his writings.

I found this article written recently about looking for a job in online social marketing? It’s not what you know. It’s the number of Twitter followers, Facebook friends, and connections on other social network sites that matter, according to Nance Rosen.

Nance Rosen is a career coach extraordinaire and CEO of Pegasus Media World, a communications firm focusing on publishing, social media and seminar. Her insight into social media is one you all should pay attention too.

We believe in the power of Social networking and use it everyday as part of our strategies. We have used social sites like Twitter to increase our traffic and conversation rate to our two main properties of My Local Lookup and Beyond The TV. So while you’re here, click on the links provided in this post to learn a lot more.