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Failing to understand the social media economy?

February 3, 2012 By Dan Thornton

This is a great example of how you can listen to someone talk about the way that social media, social business and engagement are all supposed to work, and yet miss the entire point when it comes to actually trying to interact. If you’re not familiar with Gary Vaynerchuk, it’s worth me pointing out there’s some strong language.

It’s so often the case, particular with larger companies and the relentless need to show immediate ROI that even when someone understands the concept of earning what they want, that they succumb to the temptation of just diving straight in with the request, because someone has insisted they need to show results in the next day or week.

(Incidentally, Gary has released two books, Crush It! and The Thank You Economy. Both are well worth reading).

It’s why I’m been sharing this article by Michael Ellsberg on the Forbes website – a recommendation from one notable blogger did more for the success of his book than national broadcast television or newspapers. But the flipside is that he’d built that relationship up over a period of years, rather than days, weeks or months.

That’s also potentially a great reason to use freelance resources, which is something I intend to expand on. If you’re a new company or you’ve never tried earning coverage and referrals before, then it can take a long time to build those relationships. Whereas I’ve tried to work on them every day for the past decade, which is why I’m able to survive via word-of-mouth referrals and work via previous clients, colleagues and friends.

Filed Under: Social Media Marketing Tagged With: agency, earned media, freelance, gary vaynerchuk, peterborough, social media, social networking

Reader Interactions

Comments

  1. Matt Fryy says

    February 8, 2012 at 10:22 am

    It is bewildering to me that this old aggressive marketing mindset still seems to dominate brand strategies on the web despite the shift away from traditional media in the last few years.
    I think one of the best ways to fix this from a social standpoint is by putting out content like this to educate and make people think again, so thanks Dan 🙂

    • Dan Thornton says

      February 10, 2012 at 7:41 pm

      Cheers for the comment Matt!

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