Friday, July 8, 2011

Join the Conversation: Making the Case for Facebook

Several years ago, "transparency" was the buzz-word in terms of business and leadership.

Leaders were advised to be more personal, direct and honest with employees and customers alike. The internet made it possible for businesses to show a “picture” of themselves to the world by way of their corporate website. Most sites, once published, changed only occasionally or once every couple of years when someone decided that it was outdated, remembered to update it in accordance with sales goals or needed to change its "look" after a branding exercise.

Then along came the corporate blog which enabled specific corporate leaders (often the CEO) to take a more personal, honest and direct approach to corporate communications. But even the blog had its limits;  most companies were able to keep a pretty tight rein on who had the ability to speak on their behalf. They wrote strict guidelines for content. They agonized over the writing, proofing and revising of articles—a process that could take days or even weeks to complete. Conversations were narrow and focused. The company could control the visibility of customer responses. They could sweep problems under the rug or put a spin on them. They could address legitimate customer interests or they could write articles about what they believed should be important to the customer (whether or not it was).

And then along came social media (notably, innovative sites like MySpace, dating sites and the like). These sites, initially designed to help people connect with one another, also gave people the ability to say anything they wanted about any individual, or any company, about which they wanted to expound. And expound they did!

Facebook is the ultimate transparency tool for your business—whether you want to participate or not.

Your business needs to be present on Facebook (and so do you, as the leader of your business) in order to engage with customers, prospects and your greater community. Talk about the story of your business. Talk about the unique blend of individuals who comprise your workforce and the strengths and abilities they bring to the table. Talk about the good things your company does for your employees, customers and the community. Tell people about what is different-and-better about your business than the competition, a point of difference that had better be important to your customers and prospects!

Talk about your products and services from the standpoint of how they benefit your customers (not your bottom line). Use Facebook to gauge customer and prospect interests. Invite your customers to guide conversations. Solicit customer reviews and raves. Address any shortcomings or problems and talk about what you have done to solve problems and improve the customer experience.

You need to do all of these things not just because it's good marketing strategy—which it is—but for other reasons, too. One, your customers are there and two, so are your competitors!

If you are not participating in the conversations that are going on about your business, industry and community on Facebook, you are leaving your business out of the loop. By not participating, you are leaving what is said about your business, your employees, and maybe even about you, up to the competition. You are leaving customers in the lurch who may be asking questions about problems you can solve or who may be venting after an unusually poor experience with your business or with one of your products.

There are many good reasons for you to be present on Facebook, and no good reasons not to – what are you waiting for?

Elizabeth Kraus - www.12monthsofmarketing.net
Author, 365 Days of Marketing - available on amazon.com [click here]



Need more convincing? Anne Fisher of crainsnewyork.com reports that Facebook fans of small businesses visit those businesses 36% more than other customers and spend 33% more than other customers! Read [Why You Shouldn't Ignore Facebook] here

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Where Are The Jobs?

Boy, that strong ADP Employment report sure was a headfake going into today's jobs report. The data showed that nonfarm payrolls increased by only 18,000 in June, well below estimates of 80,000 jobs. Private payrolls of 57,000 were also considerably less than consensus estimates. And the headline unemployment rate increased to 9.2% (from 9.1%).

Not much to say that is positive about today's jobs report. Hopefully this will be a wake up call to Congress that they need to get this debt ceiling issue passed so that we can remove some of the uncertainty that is in the air and foster an environment where corporations have more confidence to increase hiring.

The market is selling off on the news, but let's not completely dismiss the recent strength. Yesterday's retail sales figures were fairly strong, but the true test will be how corporate earnings fair when earnings season kicks into gear.

The flight to safety trade is on this morning, with the only things trading higher being Treasuries, the dollar, and gold.

Gold prices are up near $1543, while oil prices are lower to $96.75. The 10-year yield has fallen back to 3.03%. And the VIX is currently 5% higher to 16.77.

Trading comment: The market has been up 7 of he last 8 trading days, so profit taking today should not be surprising, no matter what the news. The market was also very overbought. So I expect a weak day today, and maybe even Monday as well. But I think those folks that are trying to put money to work will view it as a buying opportunity, and I don't think the selling will persist for too long.

Things in Italy are deteriorating a bit, and if the situation there escalates to the point where Italy quickly becomes the next Greece that could present a wildcard to my bullish stance. So that will bear monitoring. But for now I think the focus should be on stocks that recently broke out and may be offering nice setups in the form of pullbacks.

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Thursday, July 7, 2011

Group Leadership

Looking for groups of stocks that are exhibiting strong relative strength and leading the market? Check out this link below of 10 ETFs that are breaking out to new highs:

http://stockcharts.com/freecharts/candleglance.html?XRT,IYR,IYT,FDN,PBJ,XBI,IHI,PDP,PIE,EWMCB14

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July 7 - Style Strategy and Marketing Savvy Newsletter

A couple of times each month, I put together a newsletter that usually features one or two original content articles as well as links to other articles that can help you build your business, improve your customer or employee relationships, or that I believe will inspire you because they inspired me in some way.

[Click here]  and subscribe to have these newsletters e-mailed directly to you.

Here's the latest and greatest—the July 7 Style, Strategy and Marketing Savvy Newsletter.

Read more and get the links online at www.12monthsofmarketing.net/july7.html

Leadership
:: Give as good as you get

Management
:: Putting meaning into employee awards
:: 20 low-cost employee perks

Social Media
:: It doesn't matter how many people "like" you
:: Are you one of Facebook's 'walking dead?'

Employee Culture
:: Retention problem? Maybe not; maybe you have a career development problem
:: The 8 lies bosses tell (and what to do about it)


Announcing the release of 365 days of marketing by Elizabeth Kraus
There are a lot of great books and online resources available for those who want an in-depth knowledge of traditional marketing, branding, communications, social media marketing, viral and word-of-mouth marketing, holding customer events and the like; but there aren't many resources that marry creative, practical ideas and content to the 'how-to' of what to do, when it comes to marketing.

That's where 365 Days of Marketing comes in.

365 Days of Marketing is a resource that can be used by anyone to grow any type of organization, get followers, stimulate referrals and build business. Beyond that, it is a resource that will put marketing and branding into a new light for non-marketing professionals.

This book will give you every-day-sized, practical, 'nutritious helpings' of marketing concepts. You'll see how marketing fuels nearly every aspect of your business.

Marketing doesn't have to be your passion. If you are passionate about your customers, your employees and your business, utilizing 365 Days of Marketing will help you build a bigger role for your business in the lives of your clients, develop customer loyalty and employee engagement, stimulate referrals, increase brand awareness and boost the influence you have in your community.

365 Days of Marketing will be available on amazon.com in book and digital formats (more links coming soon!) Can't wait? 365 Days of Marketing is available now at 12monthsofmarketing.com. Find more ideas and inspiration, subscribe to e-mails, read my blogs, connect with me on Facebook or visit 12monthsofmarketing.com.

It's going to be a great year!

Elizabeth Kraus

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Stocks Continue To Add To Recent Gains

The market got a big boost from this morning's ADP Employment report, and stocks are adding to their recent gains. If the market closes higher today, it will be up for 7 of the last 8 sessions. That's quite a streak.

The ADP report was a positive surprise, as private payrolls increased by 157,000 vs. consensus estimates of only 60,000. Friday is the big jobs report, and the ADP doesn't always correlate that well to the monthly employment report, but hopefully it will be directionally right this time.

Asian markets were mixed overnight, but Europe was higher this morning after the ECB raised its target lending rate by 25 basis points to 1.50%. The Bank of England opted to stand pat at 0.50% and maintain its current 200 billion pound asset purchase plan.

Retail stocks are getting a big boost from a round of better-than-expected same-store sales reports for June. Financials are also rebounding from yesterday's weakness and leading the market so far.

Oil prices are higher to $98.60, while gold prices are flattish near $1529.

The 10-year yield is higher to 3.17%; and the VIX is down -3.3% to 15.80.

Trading comment: The chart below shows how quickly the SPX has rallied through resistance. The pink line represents recent resistance levels, and you can see that the SPX is now above those levels. The index is also well above its 50-day average now. These are both good signs for the market. We are overbought here, so I would not be surprised to see some consolidation, but more and more stocks are breaking out so its time to look for new leadership in the market.

Summer isn't usually the time for big market rallies, so I want to be a little cautious. But it's hard to argue with the market action.

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Wednesday, July 6, 2011

Back In The Saddle

I hope that everyone had a good 4th of July weekend celebration. I was in Ireland, where they didn't much care about our Independence Day.

Back to the markets, after last weeks substantial rally, the markets are doing a good job of hanging on to the gains so far.

Moody's downgraded Portugal's debt yesterday, which is weighing on Europe's markets and also the euro. The resultant strength in the dollar is pressuring most commodities, although gold is higher near $1529. Oil prices are only slightly lower to $96.75. But most ag prices are lower.

In economic news, the ISM Services index came in lower than expectations at 53.3 vs. 54.6 last month.

Asian markets were mixed overnight. The PBOC there hiked its key interest rate by another basis points. And there were some reports out about the size of bank loans to local govts being larger than previously thought.

Financials are the weakest group this morning, while industrials are the strongest so far.

The 10-year yield is lower to 3.09%, after briefly topping 3.20% last week; the VIX is up +4.75% today to 16.82, bouncing off last week's low levels of 16.

Trading comment: Last week's sharp rally was surprising to most, including yours truly. I think it had more to do with hedge funds being out of position (read: too short) than a new era of bullishness coming in. Either way, it was nice to see, and many stocks participated. That said, I don't think it is time to chase the strength too much. The market is very overbought at these levels, so some rest and consolidation is in order. I'll be watching to see for any new leadership, as well as how current leading stocks act in the face of new breakouts. The macro backdrop, with sovereign debt issues surfacing, could remain a headwind.

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Friday, July 1, 2011

announcing the release of 365 days of marketing by elizabeth kraus

announcing the release of 365 days of marketing by elizabeth kraus

There are many resources available for those who want an in-depth knowledge of traditional marketing, branding, communications, social media marketing, viral and word-of-mouth marketing, holding customer events and the like; but there aren't many resources that marry creative, practical ideas and content to the 'how-to' of what to do, when it comes to marketing.

That's where 365 Days of Marketing comes in.

365 Days of Marketing is a resource that can be used by anyone to grow any type of organization, get followers, stimulate referrals and build business. Beyond that, it is a resource that will put marketing and branding into a new light for non-marketing professionals.

This book will give you every-day-sized, practical, 'nutritious helpings' of marketing concepts. You'll see how marketing fuels nearly every aspect of your business.

Marketing doesn't have to be your passion. If you are passionate about your customers, your employees and your business, utilizing 365 Days of Marketing will help you build a bigger role for your business in the lives of your clients, develop customer loyalty and employee engagement, stimulate referrals, increase brand awareness and boost the influence you have in your community.
Later in July, 365 Days of Marketing will be available on amazon.com in both book and digital formats.

Can't wait? 365 Days of Marketing is available now on my website at 12monthsofmarketing.com - [Buy 365 days of marketingFind more ideas and inspiration, subscribe to e-mails, read my blogs, connect with me on Facebook or visit my re-designed website at www.12monthsofmarketing.com.

It's going to be a great year!
Elizabeth Kraus

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