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	<title>Manor End Blog &#187; SocialMedia</title>
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	<link>http://manorend.com</link>
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		<title>Social Media and Business</title>
		<link>http://manorend.com/2009/12/social-media-and-business/</link>
		<comments>http://manorend.com/2009/12/social-media-and-business/#comments</comments>
		<pubDate>Wed, 23 Dec 2009 10:51:51 +0000</pubDate>
		<dc:creator>Jon</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[SocialMedia]]></category>

		<guid isPermaLink="false">http://manorend.com/?p=81</guid>
		<description><![CDATA[Why social media is valuable to businesses]]></description>
			<content:encoded><![CDATA[<p>I was watching the <a href="http://en.wikipedia.org/wiki/The_Quiet_Man">Quiet Man</a> &#8211; if you are old enough you will remember this John Wayne classic. Its the story of a man who has to fight his brother-in-law Red Danaher. He&#8217;s a man who realises only just in time what he has to do to save his marriage &#8211; in this case fight Red.</p>
<div id="attachment_82" class="wp-caption alignnone" style="width: 160px"><a href="http://manorend.com/wp-content/uploads/2009/12/225px-Quiet_man.jpg"><img class="size-thumbnail wp-image-82" title="225px-Quiet_man" src="http://manorend.com/wp-content/uploads/2009/12/225px-Quiet_man-150x150.jpg" alt="" width="150" height="150" /></a><p class="wp-caption-text">The Quiet Man</p></div>
<p>Many businesses are choosing to ignore social media in the same way that John Wayne ignored Red. If you ignore it, it might go away &#8211; or it&#8217;s a battle for another day.</p>
<p>Many businesses just have not woken up to how social media can help them do the most difficult thing today, in a world where services and products are seen as mere commodities, engage with their customers.</p>
<p>It provides low cost and high impact ways of reaching them. There are four main ways, I believe:</p>
<ol>
<li>Product Research. Your customers are your best R&amp;D tool. Collecting their feedback and engaging in a discussion with them can give you vital feedback on what&#8217;s good and bad about your offer. Simple searching on <a href="http://twitter.com/">Twitter</a> allows businesses to see what people are saying about them, and provides the potential for two way dialogue.</li>
<li>Community Building. Who doesn&#8217;t want a loyal group of customers? Grouping them together can allow them to share their interests. <a href="http://www.facebook.com">Facebook</a> has over 300m users, and many businesses now have Fan Pages.</li>
<li>Customer Service. Without spending big bucks on marketing, businesses can engage with their customers on a new level, creating a contact channel for customers. Companies such as <a href="http://www.zappos.com">Zappos</a> already have all of their employees using Twitter.</li>
<li>Marketing and Promotion. There are new routes to find customers. Channels such as Facebook and Twitter as well as well written company blogs can attract new customers. Facebook is also a marketing channel &#8211; one that I have used &#8211; which enables you to target small customer group niches.</li>
</ol>
<p>Historically businesses broadcast their messages &#8211; technology now allows two-way customer dialogue. It surprises me that most businesses ignore it.</p>
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