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Four Ways Social Networking Can Build Business

Tags: Facebook, Network, Twitter, Social Networking, Games, Online Communications, Marketing, Advertising & Promotion, Personal Technology, Jake Swearingen, Professional Network, Professional Development, LinkedIn, MySpace, Within3, Flickr, Blogging

Social networking may sound fluffy, but it can translate into real benefits for you and your company. William Baker, a professor of marketing at San Diego State University, surveyed 1,600 executives and found that firms that rely heavily on external social networks scored 24 percent higher on a measure of radical innovation than companies that don't. Online networks can help you hire the right people, market your product — or even find a manufacturer. Here are four professionals who used social networks to change the game.

Finding Unexpected Collaborators

Tools:
within3.com, a social network for scientific practitioners
Tactic:
Saverio Gentile, a visiting fellow in the neurobiology laboratory at the National Institute of Environmental Health Sciences, had been using within3.com, a social network for doctors, to discuss medical journal articles. While mulling over a paper on nicotinic receptors, he connected with two researchers he’d never worked with before — though they were all in the same building. “Without the social network, even though we were a few meters apart, we would have never known we were all working on this,” Gentile says. Working together, Gentile and his newfound colleagues, Elaine Gay and Jerrel Yakel, discovered a possible mechanism that can explain why nicotine receptors work the wrong way when associated with congenital myasthenia gravis, a hereditary disease that causes severe muscle fatigue. Since gathering further data on the breakthrough, the group has been selected to deliver a paper on the subject at a Society for Neuroscience convention in November.

Building a Global Business From Scratch

Tools:
LinkedIn, Facebook, Flickr
Tactic:
When Nick Kellet got in touch with a former co-worker through LinkedIn, he was interested to hear that she was teaching Chinese to the inventors of the board game Cranium to help them work with their factory in China. Kellet had recently left his job to publish a board game of his own, called GiftTRAP. His friend arranged an introduction to the factory owners in Shanghai, and soon Kellet had a manufacturer for his game. Next he turned to photo-sharing site Flickr and found images from more than 500 different photographers that he could legally use for his game. Once GiftTRAP had been produced, Kellet used social networks to find buyers at Wal-Mart and Toys “R” Us. “It’s not easy to get into those places,” he says. “You get stonewalled at reception.” Then he plugged into BoardGameGeek to connect with influential players in the tabletop-gaming community and get his product into the hands of reviewers. The long hours online paid off. Games Magazine declared GiftTRAP the best party game of 2008; it has been translated into eight languages and is now in its third print run. Kellet isn’t done with social networking, either — he’s just developed a Facebook application that lets people play his game online.

Finding Talent in the Trenches

Tools:
Blogs, Twitter
Tactic:
LaunchSquad, a San Francisco PR firm working with freshly minted startups, has used social media to find potential job candidates who are skilled social networkers. “If we were going to attract the candidates with the skill sets we wanted, they had to be active within social media before they even came on,” says partner and co-founder Jason Throckmorton. “We began looking for people who were commenting on our client companies or things related to public relations.” Combing through Twitter, they found then-University of Oregon senior Megan Soto, who had tweeted about the virtual community Vivaty, a LaunchSquad client. A quick Google search turned up Soto’s blog, and the folks at LaunchSquad liked what they saw. The firm contacted Soto, interviewed her, and ultimately offered her a position, which Soto happily accepted. “She never would have found us unless we found her,” Throckmorton says.

Viral Marketing on the Cheap

Tools:
Facebook, MySpace, and Twitter
Tactic:
When Jennifer Wakefield of the Metro Orlando Economic Development Commission began social networking, she knew that film and media would be her target. “We have green nearly 365 days out of the year here in Orlando,” she says, which makes the city ideal for film shoots. She created profiles for metro Orlando on both MySpace and Facebook, sites popular with film and entertainment professionals. Meanwhile, the commission’s Suzy Spang Allen, VP of film and digital media development, uses Twitter to connect with others at industry events like South by Southwest, Sundance, and the Tribeca Film Festival. Wakefield reports that more eyes are already on Orlando: The number of producers scouting the Florida metropolis is up by 70 percent over last year.
 
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  •  
    1

    sam@...

    09/11/08 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    We just got all our employees to post "Bazaarvoice is hiring" to our facebook profiles and twitter. We averaged 180 visits per day to our jobs page up until this point. The day we did our Social Network recruiting campaign we got over 1,600 visits the first day, and then over 500 each of the next two days. Results are still coming in, stay tuned. We will measure resumes and job referrals as the ultimate measure of success, but looking good so far! www.bazaarvoice.com

  •  
    2

    al_star_baby

    09/12/08 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    Thanks for sharing sam, that's a brilliant idea!

  •  
    3

    Lucio Dias Ribeiro

    09/14/08 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    Great history about using social networking for your business

    Inspiring.

    Thanks for Sharing.

    Lucio Ribeiro


    The Online Circle


    Marketing Australia

  •  
    4

    jerang@...

    09/16/08 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    A good example of this; post hurricane Ike, businesses are using twitter to update status on bugs and keep in touch with each other and market their products to potential clients. Great article!

  •  
    5

    LOUIETR

    09/17/08 | Reported as spam

    Message has been deleted.

  •  
    6

    chandra07

    09/18/08 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    Its true social networking helps build businesses. I found Livebiznet(www.livebiznet.com) a networking site for businesses very useful

  •  
    7

    LJohannesson

    09/25/08 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    Networking....social? business? These days I'm making fewer distinctions between the two. Truth is these tools work for both. Pehaps this is just another example of convergence.

  •  
    8

    smokiesmik

    09/28/08 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    Great to find this article. I often coach clients around marketing strategies and social networking is key.

    Sheila Mikulin, M.A.
    http://www.lifevision-soulfulcoach.com/

  •  
    9

    victorseo

    09/30/08 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    Social Networking is only the tip of a very large iceberg, Read IMS is BIG, seo is little on ims-seo.blogspot.com or www.seowins.com Be ready for an eyeopener!

  •  
    10

    nmallen

    08/10/09 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    I work for a Vermont ski area and and we have used ski related message boards and chat rooms to spread the word about the great services we offer. Employees, managers and customers post reviews, suggestions and recommendations. Skiers in the Northeast are a closely knit group and some consider themelves locals who shouldn't be advertised to. Using social networking sites has allowed the ski area to get the message out in an informal way to our local customers while having the potential to reach anyone in the online world.

  •  
    11

    pjsgirl40

    08/12/09 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    Virtual Marketing on the Cheap: I have noticed that many local news stations and even CNN are using Twitter - and often Facebook - as well. I know that one of our local radio stations also began aannouncing that they will be on Twitter as well. As the media relies heavily on viewer support, I think that the use of Twitter and Facebook could largely influence growth of their viewing/listening audience. Also, customers will develop a more "personal" type of relationship with various media broadcasters and have a chance to express their opinions and have them heard.

  •  
    12

    ZackPatterson86

    08/13/09 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    I'm "friends" on Facebook with the Bee's Knees, a little local restaurant near where I live. On their status updates they write things like the specials that day or what bands are playing in the evening. It seems a really good way to keep in contact with customers. A friend of mind also did something similar when she started working as a marketing agent for a hotel in Costa Rica. She made a Facebook account for the hotel and posts information like pricing, details about the hotel, and any deals they currently have going on. These networking sites really are a great way to promote things to people for free.

  •  
    13

    jsilo32

    08/14/09 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    looking at all the ways that mass media can be used, is a intimitdating at best. I hope to run my own business in a few years, and these are good ideas that I might be able to apply in the future. These resources make people fell as if they are part of somthing and they seem to love it! If you could make employees and customers feel that way, then I think that they would both be very loyal. If ia all works than the word will spread and it will get a life of it's own...I hope.

  •  
    14

    darwin.com

    10/19/09 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    great post!

    business networking is the way of the future - just think how twitter, linkedIn, etc will evolve over the next few years to meet the needs of business


    Mike Chatha
    Darwin - CRM has evolved

  •  
    15

    SSdee

    11/06/09 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    Hello.

    My Name is Deidre and i am a agent for simpply slim in fourways and Lonehill.

    Im Selling the product on the hopes of makinkg enough to pay for my final year of my Marketing degree and thus need all the help i can get seeing as i dont really know these areas taht well.

    I am willing to deliver the product directly to your offices should Five or more people be interested in purchasing the product.

    You can contact me Via Email dfourwayslonehillsimplyslim@hotmail.com or on 076 733 7391.

    Kind Regards
    Deidre

  •  
    16

    KarenDelehaye

    11/07/09 | Report as spam

    RE: Four Ways Social Networking Can Build Business

    I agree, using social networking to promote business is very
    fruitful. I have been using www.zoomspec.com for the last
    month and generated a number of leads fairly quickly. I also
    found myself a builder which I didn't expect! My profile shows
    me who has visited my pages and other members can rate
    me/leave comments (which I can manage). What is good
    about this is that I can chase up those who have viewed my
    pages, if I think I can convert them to a customer - or add to
    my network of contacts. I put myself on every networking
    site I can find. Zoomspec is totally free and you can do
    virtually all the things all the other sites do from a single
    profile page i.e. forums, blogs, promote events to an events
    calendar, network, live chat, interview rooms and other
    business related chat rooms. You can also create a video
    introduction, and add image and video files to your portfolio
    area (includes linking to youtube videos - all managed from a
    single place. Check it out.

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