Creating Social Media Value: Part 1

by Jay Deragon on 12/16/2009

SM Part 1This is part of the series Creating Social Media Value”.

The first step in creating social media value is to understand what it means to be  “present in the marketplace”.

The marketplace of commerce has and continues to shift on-line. While you may have an off-line presence the marketplace will not hear or find you unless you are also on-line.

Presence is more than having your profile in relevant networks or having a blog or web site.

Your web presence is about how well you organize, administer and manage your presence in relevant places.

Organizing your presence, whether individually or collectively, can only be done if you know where you should be and for what purposes. If your presence is not in the right places then the market will not “see” you. If you are not enhancing your presence with relevant content then the market will not see or hear of your value.  Organizing your presence requires learning how to use relevant technology and determining where you and your organization should to be present.

Organizing your presence requires learning “who, where, when, what, why and how” your market is organized on-line.  Markets have become self organized in communities  whose content is in context to the markets needs and wants. Not being present in these communities and engaging in the conversations means you will not been heard or seen.

After you organize  personal and organizational presence on-line then comes the task of administering your presence. Administration is defined as the universal process of organizing people and resources efficiently to direct activities toward common goals and objectives. Common business goals and aims should be for serving a market, creating a differential and engaging in relevant relations with other businesses or people you aim to serve.

Too many people and organizations fail to organize and administrate their presence on-line and then they never get any real traction with their market. Jumping in here and there is not being organized and not planning with a purpose is not managing anything. New knowledge of how to organize and administer on-line presence is required.

How To Manage and Administer On-line Presence

The on-line world can seem complex and confusing for those whose only experience in management and administration is off-line. The confusion comes from the lack of knowledge, experience  and the vernacular used to describe the on-line world dynamics. The image in this post has a wordel (a word cloud) with relevant words used to define the knowledge domain of the on-line world. Some of the same terms are used in reference to off-line knowledge domains but the words have different context in the on-line world. Some of the other terms used are completely foreign to the off-line world.

In order to effectively manage and administer your on-line presence you must either learn what the terms and technology mean by yourself or hire someone who does and who can transfer their knowledge effectively. Either way learning and acquiring new knowledge is the first step to effective management and administration of your on-line presence.

Part 1 to creating social media value is vital to the success of the other related processes. Without organizing, managing and administering your on-line presence effectively it becomes very difficult to listen, learn, think, plan, engage and measure your effectiveness.  It would be wise to do part 1 right the first time otherwise you end up doing the wrong things and doing them wrong. Results come from doing the right things and doing them right.

To say this isn’t important is like saying you don’t want anyone to know what value you have to offer the marketplace. If someone tells you these task are easy and won’t take time then they  do not have the knowledge, experience or understanding needed to advise you correctly. Your presence has to do with everything and to ignore it is to discount everything that drives your business.

Is your presence relative to your market? How would you know unless you knew how to ask.

Part 2 (Listening & Learning) will be discussed tomorrow.

{ 13 comments }

Paul Chang May 10, 2010 at 11:16 pm

This is a great primer: "Creating Social Media Value" – http://bit.ly/bP6Afz

Marko Tuominen December 22, 2009 at 7:17 am

Creating Social Media Value: Part 1 http://bit.ly/5sWKUV

MediaCluster GmbH December 20, 2009 at 5:05 pm

Creating #SocialMedia Value: Part 1 – http://ow.ly/NZWL

Mitch aka Misupilami December 20, 2009 at 5:05 pm

Creating #SocialMedia Value: Part 1 – http://ow.ly/NZXf

wiku baskoro December 17, 2009 at 3:33 am

Creating Social Media Value: Part 1 http://bit.ly/8mOyc4 (via feedly)

Eric Goldman December 16, 2009 at 10:01 pm

Great post on two topics near and dear to my heart: Process and the use of technology in our lives. I posted my view of The Way to Run a Social Media campaign recently and rather then try to pass on any information in this form, I will just say here that it seems to be working for us: http://bit.ly/6EqbRu

Harish Kotadia December 16, 2009 at 7:06 pm

Creating Social Media Value: Part 1 http://bit.ly/8EKJVv #sCRM #PR #CMO #SM

Maria Del Amo December 16, 2009 at 5:30 pm

Creating Social Media Value: Part 1 | The Relationship Economy…… http://bit.ly/5sWKUV

Business 3.0 Tech. December 16, 2009 at 1:00 pm

Creating Social Media Value: Part 1 | The Relationship Economy…… http://bit.ly/5sWKUV

Hristo Mitov December 16, 2009 at 11:15 am

RT @_vhd_ Presence is more than having your profile in relevant networks: Creating #SocialMedia Value: Part 1 http://bit.ly/4MikZb

Jolt Social Media December 16, 2009 at 6:57 am

Creating Social Media Value: Part 1 http://bit.ly/6D5UGx
#socialmedia

Achievers Network December 16, 2009 at 6:17 am

Creating Social Media Value: Part 1: Without organizing, managing and administering your on-line presence effective… http://bit.ly/6D5UGx

smconnection December 16, 2009 at 6:17 am

Creating Social Media Value: Part 1: Without organizing, managing and administering your on-line presence effective… http://bit.ly/6D5UGx

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