Many people would like to know if Social media ROI is worth it? This is not an easy question to answer as everyone's social media strategy and results are always very different.
However before you make a serious commitment to Twitter, Facebook, Pintrest or another network, you should consider whether or not the social media ROI is worth your time. All I can do is show you the information I have below and let you decide if your social media ROI is worth it or not?
Social Media ROI: Time Versus Lifetime Value
The major expense in social media for small businesses is time. You only have 24 hours a day—less if you subtract necessities such as sleeping and eating. Should you be spending 30 minutes or an hour of you valuable time every day on social media? I know many people include this into their blogging routine which can make the day stretch out even further.
US TV show, Good Morning America, has announced on Twitter that Twitter will be making an announcement on TV. Curious situation!
The big announcement is likely to be the launch of Twitter Music. Buzz concerning this service has been growing during the past month after Twitter acquired the music discovery service We Are Hunted. At the time, CNET reported that the app will "suggest artists and songs to listen to based on a variety of signals, and is personalized based on which accounts a user follows on Twitter."
I love constraints. I find them exceptionally liberating. I often struggle when there are too many degrees of freedom. Creativity comes easier when there are constraints.
So, with that in mind, what's the best startup advice you can come up with in exactly three words? It's a fun game, try it yourself and leave your startup triplets in the comments. Here are some of mine and from the startup community.
Entrepreneurial Advice in Exactly 3 Words
Even experienced Twitter users occasionally commit a faux pas, but it's important to know the most common mistakes so you can avoid them. These mistakes can lead to misunderstandings, lost followers, or even a bad reputation.
1. Tweeting in Bursts
Many Twitter users make the mistake of sending bursts of tweets in a short time, neglecting the feed for the remainder of the day. The way to become relevant on Twitter is to send out tweets at regular intervals throughout the day. Also, burst tweeting can annoy people who, out of nowhere, get a ton of tweets from you filling up their tweet stream. That can easily cause them to unfollow you.
After tragedy struck with bombs detonating at the finish line of Monday's Boston Marathon, actor/comedian Patton Oswalt utilized social media to put the situation in perspective. Twitter and Facebook feeds were flooded with users, celebrities, athletes, businesses and organizations, and even Twitter parody accounts showing their support for those effected by the Boston bombings. Oswalt took another angle and addressed the issue of tragedy in our worldwide society with a powerful post on his Facebook page.
He started his post with a statement of how he felt after the 9/11 tragedy, and then Oswalt went on to explain how "good" will always outweigh "evil":
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