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The Social Networking Phenomena
 
Social networking is often perceived to be the best way to connect with friends. But there are some solution providers who have used it to connect with clients and peers to generate business
 
N Vasudevan
 
Wednesday, October 14, 2009

 

Twitter, Facebook, Orkut-these are names that most urban youth are very familiar with. In fact their social lives often depend on it. Chancing this as the best medium to get in touch with their customers, most companies went headlong into social networking, creating websites, profiles, pages-everything they could think of-to be able to get closer to their buyers. Some of them even recruited social media gurus to plan these ventures, which were then launched with great fanfare.

Social networking has been around for a while. As the Internet started evolving, consumers are becoming more web and marketing savvy, e-mail marketing campaigns and bland websites are becoming less effective. It's important for businesses to embrace and leverage new technologies in order to continue reaching their target audiences.

This is relatively a new way to create, publish, and distribute content, photos, audio files, and other relevant information online. This collaborative platform enables users to communicate openly and collaborate on the Internet.

Social networking media can provide the possibility of finding not only customers but also the best deals with suppliers. Facebook was started with teenagers connecting with their friends. Today, it is being used by the working class, business people not only to connect, but also to develop business opportunities.

Another networking site, LinkedIn Groups, has become an efficient medium for connecting with the corporate world, where starting from hiring people every activity of a company is updated.

“In the past six months, I got three projects where the software was sold by some other partner but the customer came to me for implementation, based on the buzz around my company's expertise in online media”

Suresh Ramani, CEO, Techgyan

“I have generated more than Rs 1 lakh from social networking contacts, which might not be a huge amount. But having tasted this initial fruit of success, I plan to start commercial activities in a structured manner.”

Sampath Iyengar, Director, Sam7 India

Even Bollywood actors and politicians could not stay away from this new-found tool and tried to use to it to promote themselves. It's a well known fact that Barack Obama owed a great degree of his success to presidency to his apt usage of the Web 2.0 platform.

Ingenious channel partners in India too decided to dabble with this medium and though their numbers are small, quite a few of them have even been able to use it to generate business for their companies. Thus social networking has now opened up another stream for lead generation for them, a welcome sign at a time when the traditional ways of doing business were rewritten.

The Starter's Guide to Social Networking
Listen and understand what people in the network discuss before you step in
Always focus on developing two-way communication. Avoid broadcasting URLs of new additions on your website on networks like Twitter, as it will not have any takers in the long run
Be active on multiple networks that target your own industry, as well as in networks that have target audience to get the best results
Social networking is about sharing information, not solicitation alone. If one solicits, they will quickly find themselves shut out – so, never SELL directly
Avoid social media if yours is a niche business and your clientele is countable, or they are in rural towns/villages.
Remember that business development through social media efforts need people, money and time. This platform has no concept of office hours. It is 24x7, 365 days and building trust/reputation takes time
From a brand perspective, it is not a platform just to get your message out. It is more about hearing what others have to say about it
Create an official page and suggest customers to become fans of that page. Most customers go to the Web 2.0 to see the actual truth about the product/service; keep your pages live and updated
The strategy of a company using social networking should be in line with its objectives, namely, brand building, keeping in touch with business partners, increase traffic to website, generate new opportunities, hiring resources etc
Content creation and management are the most important aspects. These are the social networking forums, so open solicitation of business can be counterproductive

Partners Who Caught On Quick
One solution provider who prides on his ability to having used social networking is Mumbai-based TechGyan's Suresh Ramani. With his presence on most Web 2.0 platforms, he has already been able to use it to build his brand recall and widen its reach by regular updates on various sites.

“In the past six months, I have got three projects where the software was sold by some other partner but the customer came to me for implementation based on the buzz around my company's expertise in SMB space. A good part of this buzz came from my active information feeds on various social networking media,” says Ramani.

Social networking sites have seen massive acceptance among the corporate world as well as personal users. A business entity should formulate strategies to keep their pages live and updated for users to use them often

Chetan Shah, MD, Xpress Computers

“LinkedIn has proved effective for my business of importing third party software and plugins. Though not frequently, I do get leads for business from across the country”

Gaurang Bhatt, CEO, Ignition Infotech

Ramani uses LinkedIn Groups extensively to facilitate communi-cation between International Association of Microsoft Certified Partners (IAMCP) India members. This way he can touch base with people in an effective and non-intrusive way. In fact, these initiatives got him in touch with people which helped him explore offshore business opportunities, especially in drafting services to architectural companies in the US.

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