A question that’s come up from the sales side of business is “what can a sales person do on LinkedIn?”  How should one sell via LinkedIn? Using an MBA framework, consider “The 5Cs” of How to Sales-In LinkedIn:

CONNECT - CREATE - COLD-CALL - COLLABORATE - CLOSE

CONNECT: Just as a sales person needs to leave the office to meet new prospects, he or she also needs to connect with new prospects on-line.

CREATE: In the era where “Content is King,” a sales professional also needs to be a source of knowledge and information. A well-crafted editorial agenda comprised of engaging & “non-salesy” content can position you and your sales team as a credible resource in your industry.

COLD-CALL: Rule #1 is to never cold call on LinkedIn, i.e., sending a request to someone you don’t know. However, finding a prospect’s Twitter handle/username, for example, and then following them and eventually replying to one of their clever tweets can be a very classy way to develop a relationship.

COLLABORATE: Get your sales team to cooperate and collaborate on LinkedIn. Develop discussion groups for teammates to exchange contacts, information and insights. Use the team’s collective LinkedIn connections to generate more leads and don’t forget to recommend one another.

CLOSE: Considering that any given prospect has a never-ending number of options at their fingertips, so focus on being an expert and educating the prospects before they have a need for a solution. If you manage the process correctly, the prospects will be closing on you instead of the other way around!

As Aristotle once said, “A friend to all is a friend to none.” With that in mind, go out there and focus on making relevant LinkedIn connections and sharing your knowledge and the sales will follow.

The most triumphant Facebook contests/promotions have a few characteristics in common:

• Organization: In today’s social media- savvy world, just posting your contest on your Facebook wall and hoping for the best won’t get you very far. Approach your Facebook contest as you would a traditional media campaign. Have a plan of attack ready from the start: How many entries would you like, ideally? Or the flip side: If you get only five entries, will you be prepared to shut the contest down? In other words, what is your minimum and what is your maximum? If you spend $100 on a contest app and promotion, will you be happy with 20 new fans? 50? It takes work to maintain a Facebook contest; on the upside, you could gain hundreds of new fans and expand your company, but on the downside, you could seriously alienate your existing fans with poor response time and sloppy organization.
• Prize: The easiest way to figure out what to give away? Poll your existing audience and ask them what prize justifies contest entry. This is free, and you’ll get, if nothing else, inspiration. Ultimately, you’ll want to give away something that you’d be excited to receive yourself. Brainstorm with your team, with friends, with family, and ask: What prize would be worth what we are asking you to do? No one is going to submit a video or a post a picture in order to win an outdated electronic or a sub-par food product.
• Promotion: Since social media doesn’t usually rely on press releases, think of other ways to get the word out. Email bloggers, tweet about your contest, place a link on your actual website. Actively promoting your contest on a daily basis is necessary, but you have to think past garnering the attention of your current followers, because you want new ones. Approach large Facebook pages that are similar to yours to set up a sort of promotional exchange. Ask friends to contact their networks.

Some of the greatest Facebook promotions have taken all these steps and more:

Facebook giant Red Bull, with over 18 million fans, often features fun contests. In 2010, their “Create the Next Red Bull Commercial” Contest excited both techies and non-techies alike. Entries could be sent by story board, video clip, hand drawn illustrations or a conventional script.

Discovery Adventures, a subsidiary of the Discovery Channel, is currently running a contest that is geared to increase its current 4,303 likes by…a lot. Fans can enter to win a trip to Italy for two, including airfare, sponsored by Pompeii the Exhibit. Clearly, Discovery has found a model that works for them and is sticking to it; their Italy contest mirrors their last contest, called Win a Trip to Egypt, featuring a 9 day Egyptian archeological adventure for two. Facebook contest rule #4394390- If it ain’t broke, don’t fix it.

Conan O’Brien’s Facebook Page currently features his F*Cards promotion. “Sometimes it’s hard to compose just the right status update or wall post for those uniquely Facebook moments,” the app explains. “So why not let Conan O’Brien do your Facetalkin’ for you with F-Cards? Huh? How? Watch this video and let Conan explain…” In under a minute, I’m intrigued and I’m amused. It’s fun and while there is no prize, this is promotion at its best: Conan is engaging his fans, who will most likely link to him on their own pages and give him free publicity.

While these big-brand Facebook contests & promotions have been wildly successful, when creating your own, make sure to read the fine print.

In the past few years, Facebook has changed the rules regarding contests quite a few times, mostly recently in November 2010. The most notable rule is this one: You MUST use an app to conduct a contest or risk facing the wrath of Facebook. Ultimately, while a Facebook contest or promotion requires hard work to succeed, the payoff of a well-executed campaign is well worth it.

Whether you own a small business or a large corporation, your purchasing decisions will have a distinctly local bend to them, marking the true importance of the local aspect of local mobile marketing. Ultimately, no matter the size of your business, you should be concentrating on local as it applies to you.

Appropriately, Adam Horwitz and Tim Donovan bring you Local Mobile Monopoly. The duo originally teamed up for Mobile Monopoly, released in December 2010, which revealed how to make money using mobile phone marketing strategies.

Their new product, Local Mobile Monopoly, was released in March and comes in a training video, software and text messaging services format. The video trains marketers on how to best use local mobile marketing, and guarantees profits through the use of mobile phones. The all-in-one mobile marketing tool is geared to benefit a variety of businesses and is ideal for new users and experienced marketers alike. Ultimately, the service claims to empower marketers’ local efforts with guaranteed success, mainly because it is founded on the idea that the local market is a gold mine.

Let’s break down the details: According to the CTIA, The Wireless Association’s semiannual wireless industry survey, 91 percent of Americans own a mobile phone. About 20 percent of these users (50 million people) own “smart phones,” mobile phones with Internet browsing and emailing capabilities.

Since smart phones bring online search capabilities to mobile users, businesses should include mobile search strategies in their overall marketing plans. In one of the most common applications of mobile search, customers rely on map apps to locate local businesses while on the move. Platforms like Yelp, for example, have built-in search functionality coupled with ratings contributed by members. Through Yelp, people can access coupons and discounts posted by businesses and accessible through “check-ins” on smart phones. This benefits both the business and the customers, who can also notify friends of their location, giving the whole process a “game” feel as well.

As local marketing dollars rapidly shift from traditional to online channels, the benefits of mobile marketing for businesses become clearer. The ability to enter the mobile version of a web site, garner email access, conduct map searches, access social media for referrals and use text messages for offers, coupons, etc. is invaluable.

By 2015, almost 25% of local marketing spent will be in the online space. Local Mobile Monopoly is just one of the many new services that will materialize as this arena continues to grow.

Over the years, those involved in social media have continued to attempt to redefine ROI, wondering if it was even necessary in this field. The lack of tools for analyzing made quantifying results near impossible, and this lack of standards for ROI also made it difficult to “sell” social media campaigns and tactics to executives and companies.

This year, however, social media has grown immensely in terms of ROI. While case studies are nothing new, they prove invaluable for social media ROI, extending to B2C and B2B, small and large businesses, for-profit and non-companies. Case studies can prove ROI as determined by sales, shorter sales cycles, new leads, improved company operations, and better business innovations.

Take the example of Burberry, a high-end fashion chain that initially seems impervious to social media’s “of the people” approach to building fan bases and ultimately, business. The company’s “Art of the Trench” campaign, however, capitalized on the recent trend in blogs that feature street-style photography.

While many designers and retailers had already taken their businesses to Twitter, Burberry was the first major fashion company to create a social media empire of its own. Burberry’s facebook page received 7.5 million views and with over 1 million fans, the company’s same store sales increased by ten percent after the campaign.

For a company that has been selling the same thing and marketing the same “look” for years, this was surely a coup. They had no new product to sell and were advertising the same trench coat that made them famous decades ago. Through the use of a social networking fashion blog via facebook, Burberry drew in a new demographic and a new generations of shoppers, simply by making use of what made facebook cool: They allowed their fans to “like” items, leave comments, and “share” photos, ultimately making their consumers feel powerful and drawing them in.
ROI in this case is undeniable, as shown by the company’s growth over the last year.

In this completely connected, totally viral, absolutely transparent, geo-targeted, digital world we live and work in… you have to be social. But how do you justify the time and expense it takes to maintain that presence?

Now that social media has passed the point of “why do I need it” to “what do I do with it” the quest to determine the ROI of social media has become more complex.

Since you are asking people to put numeric quantities around human interactions and conversations, which are difficult to quantify, trying to determine the exact return on your investment is not easy and in the long run, may not a good idea. To really understand the impact of social media and social technology on an event, promotion, brand awareness or even product sales, people need to measure the “ROE” … return on engagement.

At Medial Needle, we have been finding valuable “returns” manifesting themselves in ways not always anticipated at the onset as a result of our marketing efforts. More and more, we’ve come to see these unexpected fruits and proverbial rewards only appear because social media was strategically integrated into a marketing agenda.

For example, Media Needle recently executed a food campaign outreach program. While servicing a very small, archaic and insular cooking listserv, we uncovered a hive of influential webmasters; each with robust email lists and social media profiles. So what at first appeared initially to be a seemingly insignificant target community mushroomed into one of the campaigns top case studies. Clearly social media bears the markings of what we once more readily called “viral marketing”. Another campaign had us establish a quality dialog with a key target community. Despite a lull in activity on the client’s end, we maintained the relationship. Six months later, the two partnered successfully for a robust promotion. Anticipating these in conventional ROI terms, especially at the onset of the campaigns would have been impossible.

Thinking about social media in terms of a simple bottom line number puts the whole thing on an old school path of problems and risks, missing great opportunities. Essentially, you have to stop relying solely on the numbers. With social media the trick is to focus on what your numbers end up leading to. ROI is an effect of quality ROE.

If your goal is to participate in the conversation, to enhance your relationship with your audience and become a trusted member of the community that surrounds your brand; then your ROE has been set into motion. Once you’ve paved this foundation, the more conventional ROI models of sales, registrations, new followers and fans etc. will begin to kick-in, proving the benefits of a well-engaged social media agenda versus a dry and uninspired one.

Finally, ROE like everything else social media related, has a variety of definitions. Here are two good ones: We wish to cite Jason Falls’ here http://www.socialmediaexplorer.com/2008/10/28/what-is-the-roi-for-social-media/

Sarah Evans’ different but complimentary tome here: http://prsarahevans.com/2009/05/15-ways-to-measure-return-on-engagement-roe-of-social-media/ as a valuable point of reference.