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About three years ago, before Oprah had even heard of “Twitter,” Twitter was making new millionaires. No, not just @Ev and @Biz. Twitter made the most sought after CEOs and VCs in Silicon Valley directly accessible. It was as if there was a new tech security breach in their multiple secretary and executive assistant firewall. All you had to do is send @fredwilson a Tweet and he would meet with you.

Youtube did the same for hundreds of starving film school students. Youtube needed content so they pushed their early adopters using Google’s checkbook. Overnight, singers got MTV deals and record label deals. Overnight, producers on iBooks got pilots on major networks.

When ever a new disruptive technology ramps up, early adopters get unique positioning. All they have to do is sit there and the platform’s growth becomes their growth. It’s just like surfing one of those waimea swells during a storm.

Timing is Everything. But Location, Location, Location is Everywhere
It’s the virtual equivalent of what happened to an Armenian friend of mine. His father built a gas station on a parcel of rural land in the middle of nowhere. A year later, fortune 500 corporations moved in all around him. You’ve probably filled up your tank at his station. It’s the one in the middle of Cupertino. And he also owns the one across the street. He doesn’t even own an iPod.

Imagine how your business and marketing strategy would change if you could forecast what a billion people like Gus were going to do tomorrow.

Now, Foursquare is that new disruptive vehicle. But personally, I think the more interesting story is not how Foursquare will empower your business. I think what’s more interesting is how Foursquare will empower Foursquare.

Just today, Foursquare was reported to be in talks about selling their data to Bing, Yahoo or Google. If you don’t know why this is a big deal, read on gentle reader, read on.

I used to have an office in Cardiff by the Sea, CA. It was on the strand just between the San Elijo Lagoon and the Pacific Ocean. Blue water was everywhere. And so was old Gus. Gus hobbled up and down the most beautiful stretch of San Diego coast line with a shopping cart filled with soda cans he’d dug out of public trash cans. Nobody ever figured out what he did with the cans since he obviously couldn’t drive to a recycling facility. What’s more, nobody ever figured out how he got to this stretch of beach from whatever bridge he slept under.

You Don’t Even Have to Use Foursquare to Be Profiled
At this point, you might be thinking that if Gus used Foursquare, we’d know everything about him. But that’s financially useless information. What gives Foursquare and you extraordinary business leverage is the implied data about Gus.

Toward the end of Gus’s life, we noticed he was missing from his usual beat every now and again. He was the topic of conversation at the Chart House where staff and guests all grew to take comfort in his cameos.

The staff and guests all used Foursquare. It was Dodge Ball at the time. But that’s not even the exciting part.

Even if You Omit a Check In, Your Location Pattern Implies Your Hidden Rendevous
If Gus was alive today, his entire demographic profile would be transparent using the data Foursquare wants to sell Google or Bing. It would be obvious that he visited Dr. Malone off of Santa Fe Ave. He’s the top cancer specialist in the area. It would be obvious that Gus went to the county court house after seeing a notary public.

Then if you run a DB query to find all users who had the same “check-in” pattern, you’d find that many of the users also met with Steven R. Jennings Esq, the most expensive estate planning attorney in San Diego.

Even if Gus never used Foursquare, his fans driving around town checking-in saying they “spotted” @Gus would be enough for whoever has access to the Foursquare data to realize that Gus was an eccentric multi-millionaire looking for someone to give his money to. Turned out, he gave it the to Jehovah’s Witnesses. Multiple Millions changed hands because one of them drove him to the dump on a weekly basis.

Imagine how your business and marketing strategy would change if you could forecast what a billion people like Gus were going to do tomorrow.

Follow me @journik. My next post will demonstrate how your “location patterns” reveal your age, sexual orientation, income, and even health prognosis into old age.

Posted via email from Social Media Marketing Strategies for the Closet Revolutionary

After almost half a decade of Twitter and Facebook being around, nobody seems to clearly understand the pros and cons of either for use in marketing. In fact, I started Googling for a competitive matrix that compared all the key web marketing factors applied between Facebook and Twitter. I Fail.

So I just built one myself. Below is a table that compares these two social media marketing powerhouses across 15 key web marketing criteria. The terms used are industry terms so if you’re not sure what each one means, I’ve also included a video discussion of this matrix below.

In any case, while you can measure a googleplex worth of criteria, in the end, effective marketing simply comes down to how many hours did you have to spend to create a dollar? Will Twitter make me that same dollar faster than Facebook?

	Twitter	Facebook
Visibility	1 hour	12 hours
SEO	no. nofollow	no. nofollow and hidden links
CTR within 3 min	0.2% (1000 followers = 2 clicks)	0.05%
CTR within 1 hour	0.3%	1.2%
CTR within 12 hours	0.35%	5.3%
Conversion Rate	nil, null, ziltch	0.05% (2000 friends = 1 purchase)
Comment Visibility	only your followers	everyone in comment stream
Follower aquisition	almost impossible	easy but limited
Follower acquisition limits	1000 follows / day	20 / few hours
Loyalty	low	high
Spam Noise	medium	low
Privacy	none	medium
Mobility	high	medium-high
Learning curve	high	low
Content Richness	text only	text, thumbnail, video

So how do Twitter clicks look compared Facebook clicks over time? With Twitter, You’re going to see a jump in the beginning and a rapid tapering off. After about an hour, your Tweet gets buried. Facebook however doesn’t really have a CTR spurt. It stays constant over about a 12 hour period before your Facebook status post gets buried.

TWITTER:

FACEBOOK:

Now that you’re equipped with data that helps you project your marketing and advertising ROI, you’ll find that creating the above conversion rates and CTRs are not as easy as it seems. Especially since Facebook has a 5,000 friend limit, you’ll have to start using Facebook pages.

Then you’ll run into another can of worms. So if you’d like professional and experienced help marketing your company, call me at 310 598 1606 or just bring any questions you may have to http://www.facebook.com/bob.wan.kim

Look forward to meeting you.

Posted via email from Social Media Marketing Strategies for the Closet Revolutionary

I just found Guy Kawasaki’s Alltop on the same topic. But since the link he posted for a free ebook download seems like a email harvesting scam, I’ll just share with you my Facebook marketing secrets.

80% of my traffic comes from Facebook friends. 10% comes from Twitter. The rest come from Google.

Based on the above stats, you can tell that marketing with facebook is effective. But the sound of the other shoe dropping is that i have 4,200 Facebook friends, 22,000 Twitter followers, and rank page one in google for the relevant search terms. So when you look at the CTR vs reach, Facebook comes across as the clear winner – by far.

My estimate is that each of my Facebook friends are worth about 55 Twitter followers. So the only advantage to Twitter is that you can reach people you can’t via Facebook.

Having said all this, lets get down to the mechanics of how to reach people via Facebook:

1. Use pages.
Personal Facebook accounts have a 5,000 person cap. Pages have no “liker” cap.
You can create an unlimited number of pages.

2. Select a “company” page.
Community pages can get “adopted” or ghestapo commandeered by Facebook.
Being a company page vs community page offers zero added resistance

3. Name your page carefully.
If you name your page, “Tim Bur’s Lumber,” nobody is going to “like” it.
If you name your page, “Hard Wood,” lots of people will like it. But how many of them are your target market?
If you name your page, “sustainable lumber,” target demographic people who happen-chance by may like “like.”
If you name your page, “I just staple gunned my thumb to the rafters,” the emotional imagery will earn you 2000%-5000% more “likes.” And the above target demographic will be included as a subset.
You cannot change a page name after you’ve created it so craft a name that is emotional and targets your demographic. Advertising your lumber on a page named “lesbians for fiberglass homes,” (yep, it exists) will just get your unliked – undoing all your hard work.

Seriously. Think about all the reach this person has. But if they talk about anything NOT sleep related, they’ll get “unliked” (unsubscribed) faster than a narcoleptic can fall asleep.

My estimate is that each of my Facebook friends are worth about 55 Twitter followers

4. When you make an admin post, make sure it’s not ad-like.
People hate being sold to. Educate about the merits of your product. Don’t sell. Educate.

5. Promote your page everywhere.
Get a Facebook Like Pluggin at http://developers.facebook.com/docs/reference/plugins/like
You’ll need to use another page for creating a like button for a Facebook Page. I will post that url as soon as I find it. Sorry.

Bonus: Offer prizes or give aways to anyone who “likes” your page
You’re basically giving away something cheap to build your opt-in page subscriber base

Why go to all this trouble?
If I click “Like” on one of your Facebook pages, every comment you make will show up in my Facebook account home wall. If I then click “like” on a recent post of yours, all my friends will see what you posted too. Viral at it’s best.

Follow me at http://twitter.com/journik for more ongoing tips. And if you have a corporation that sells nationwide or internationally, ask me about executing your corporate social media marketing via blogging, Facebook, Twitter, etc. I guarantee it’ll be much more effective than any other advertising you’re doing now. Or call 310 598 1606 – Bob Wan Kim.

Posted via email from Social Media Marketing Strategies for the Closet Revolutionary

It’s an easter-egg hidden feature

In the good ole days before Twitter started locking down their API, you could use a program like Guy Hagen’s Twitseeker and it would automatically find people based on their tweet or bio content. Then, you could select up to 50 people at a time and follow them all. Following all these people would send out a Twitter generated “You have a new follower” email. But even better, Twitseeker would @message everyone automatically and say, @you followed @target using @twitseeker.

You’d get a 70% follow-back rate. That was astounding. Not any more.

Now, you have to be smarter. You can use a webapp like my http://untweeps.com … after you authenticate, you unfollow people based on the date since they last tweeted. Then, on the results page, you’ll see a tiny link asking if you want to follow new people. It’s an easter-egg hidden feature.

Or you can also use Google to isolate only twitter user pages based on their bio and location. While you can’t tell google to differentiate between their bio and the tweet content that appears on each twitter user’s page, since Google has a really cool “proximity relevance” feature, you can just include the words, “bio,” and “location,” to tell Google to focus on that section of any twitter user profile – Just like I did below.

If you have any questions, feel free to contact me at http://twitter.com/journik

PS. If you have a blog or busy site and want to trade ads, let’s do it – lemme know!

Posted via web from I’m just amazed.