Converting Your Social Media Triple-Fs: Friends, Followers and Fans
I've heard many gurus, marketers and publishers brag about their social media followers. They'll say things like, "Isn't it great … I've got 10,000 fans on Facebook" or "I have more than 15,000 followers on Twitter." Then I'll ask them how many free e-newsletter subscribers they have. And they'll reply, "I haven't had time to build a list yet. I don't have an e-newsletter."
Well, in my opinion, they've won only half the battle …
It's fantastic that they have a following on social media—people who seem to be interested in their messages (posts) and their overall philosophy. They can certainly cultivate these relationships to assist in their marketing efforts. However, I remind these gurus that the "fans" are following them. It's a passive relationship. And there's an awful lot of background noise in a news feed that can distract their fans.
If you don't have fans' email addresses, then you cannot have one-on-one communications with them. Building and cultivating a list is a fundamental business strategy for sales growth.
In the publishing world, a list (email addresses of free or paid subscribers) is sacred. It's one of the most valuable things you own. You protect it and treat it with care, because your list is your financial bread and butter. It's made up of people—customers and subscribers—who can make or break your business through their purchasing power or lack thereof.
Your list is also your leverage—what you use when reaching out to other synergistic publishers and friendly competitors to do reciprocal JV (joint venture) swaps and revenue share deals.
So, if you're an online publisher, guru or business owner who has social media followers but no list, you're at a disadvantage. Initiate a plan to capture your fans' email addresses immediately and get permission to open up the personal lines of communication.
Often referred to as the "marketing maven" by industry peers, Wendy Montes de Oca, MBA has nearly 20 years of experience in marketing, media, and publishing with expertise in multichannel, direct response, and Web marketing. Wendy has generated more than $150 million in total revenues for Fortune 500 companies, top publishers, consulting clients, and her own firm, Precision Marketing and Media, LLC. She is the creator of the groundbreaking SONAR Content Distribution Model and author of the best-selling book Content Is Cash: Leveraging Great Content and the Web for Increased Traffic, Sales, Leads and Buzz [Que Publishing, Paperback].