Monday, April 18, 2011

Social Media and ROI...What to Measure

Through several experiences with organizations of all sizes, I hear very common questions when it comes to measuring the success of social media. One big one that almost everyone asks...what's the return on the investment?

I have always thought that question is fair to ask, but sometimes difficult to answer. There are so many dynamics happening with social media platforms for any given organization that uniform ROI measurements can be hard to define.

But alas, I came across this article today, which is a great brief overview of what to measure and why. I happen to agree with Heidi's thoughts. Give it a read and let me know what you think!

Monday, April 4, 2011

It's a Chicken Or Egg Kind of Question...

Recently I was asked a very interesting question. It went something like this...is there a difference between sales and maketing, and which one feeds the other?

Great question! You could argue this question is much like asking, "Which came first, the chicken or the egg?"

I've learned over the years that everything you do is marketing. Whether you're at work, or just buying groceries, I firml;y believe that you are marketing yourself in both situations. And, in a sense, it could be argued that you are selling yourself at the same time, in almost all situations.

Looking at the definition of marketing shed light on my point as well. On dictionary.com, marketing is defined as:

  • The act of buying or selling in a market.
  • The total of activities involved in the transfer of goods from the producer or seller to the customer or buyer, including advertising, shipping, storing and selling.

You can have an effective sales department without the support of marketing, but I believe that is difficult. To effectively sell, an organization should develop a marketing plan, detailing who, what, when, where and how your sales team will take products to the market. It should also outline goals, then provide details on how the team will report to the stated goal.

So, my answer to the question would be yes, there is a difference in that a sales team sells a product or service to clients or potential clients. Marketing does involve other duties other than sales, in some cases. However, overall, sales and marketing should work hand-in-hand, with effective communication lines between the two. 

Think about it next time you have a meeting at work, or you bump into an old co-worker at the store...how are you communicating? Are you marketing/selling in each circumstance? I bet you'll find you are, and it is always a great way to effectively communicate if you understand how and why you communicate in a marketing and sales approach.