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Four Ways Social Networking Can Build Business

by Jake Swearingen

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

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  • 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

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  • 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.

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  • 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!

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