Wednesday, October 13, 2010

Social media can generate new business

Social media can generate new business

The Internet has provided a number of new opportunities for automotive repair and collision shops to market themselves and connect with customers, but determining the best way to communicate with customers online can be daunting for shop owners who already are pressed for time and have limited resources.

According to Danny Sanchez, founder of Autoshop Solutions, a Web design and Internet marketing company, it's worth the investment in time to have a strong presence on social media sites. "It's important that shop owners be able to communicate in the places where customers spend a lot of their daily time," Sanchez says.

Facebook, which now generates more clicks per day than Google, is the most effective online social media tool available to businesses, Sanchez says. "Facebook by far is getting the most traction," Sanchez says. "We have clients that report they are getting new customers from their Facebook accounts.". Read More..

via : abrn.search-autoparts.com

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Tuesday, October 12, 2010

Maher Muhawieh News - Bain Capital to buy Gymboree for $1.8B

Maher Muhawieh News - Bain Capital to buy Gymboree for $1.8B :

 

Bain Capital Partners LLC has agreed to buy the Gymboree Corp. for about $1.8 billion, the companies said Monday.

San Francisco Business Times readers learned details of the impending deal from a blog post Oct. 6 by retailing reporter Sarah Duxbury.

Bain will acquire all outstanding stock of Gymboree for $65.40 per share.

The amount represents a 57.4 percent premium over the company's share price on Sept. 30, before rumors of the deal surfaced, and a 23.5 percent premium over its closing stock price on Oct. 8.

"We are pleased to announce this transaction as it delivers significant value to our shareholders," Matthew McCauley, chairman and chief executive officer of Gymboree, said in a statement. "We want to thank our employees for their hard work and dedication to Gymboree. Bain Capital is a world-class asset management firm with substantial resources and investment experience in the retail industry, and we believe they will be a great partner as we go forward as a private company."

Gymboree expects the transaction to close by year-end. The deal is subject to the satisfaction of the minimum tender condition of at least 66 percent of the Gymboree's common shares and customary closing conditions.

Goldman, Sachs & Co. is acting as financial adviser to Gymboree's board of directors of and Skadden, Arps, Slate, Meagher & Flom LLP is acting as its counsel

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100+ Upcoming Social Media & Tech Events

Every week, Mashable puts together a calendar of upcoming social media and web events, parties and conferences. Would you like to have your conference or event listed here? If so, please contact us at least one month before your event to establish a media partnership. For more upcoming listings, check out Mashable’s Events section.

In the meantime, here are some tips on how to network, share your information and/or promote your event(s) using social media:

* The Future of Event Planning and Social Media
* HOW TO: Plan and Promote Events with Social Media
* 35+ Ways to Find and Plan Events Online
* 8 Ways to Create Paperless Business Cards
* 5 Useful iPhone Apps for Business Networking

Mashable’s Weekly Social Media and Marketing Event Guide is proudly supported by Eventbrite, the Web’s Event Marketplace.

via : mashable.com

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Monday, October 11, 2010

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32 New Social Media Resources You May Have Missed

32 New Social Media Resources You May Have Missed

The Mashable Awards have officially kicked off and so far the response has been great. In support, we’ve rolled out a series of stories looking at each awards category in more detail.

Those three awards posts were joined by a bunch of tools and resources from the past week or so. With so much activity here at Mashable (Mashable), we understand if you missed a couple of them. Social Media (social media) rounded up the best businesses and social media campaigns and delivered an interview with AOL Co-founder Steve Case. Tech & Mobile looked at net neutrality, blog design trends and integrated development environments. Finally, Business gave some tips for aspiring digital marketers, building online communities and nailing that elevator pitch.Read More..

via : mashable.com

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Sunday, October 10, 2010

Social Media Marketing - Social Media Optimization

SocialNetGate helps businesses and individuals establish and promote their brands in social media, Social Media Marketing and Social Media Optimization. SocialNetGate also allows businesses and individuals to do Inbound marketing, Brand Marketing, Viral marketing.

Friday, October 8, 2010

Lawyer Social Media Marketing Predictions from Law Firm Marketing Company

Lawyer social media marketing Predictions from Law Firm Marketing Company

09/22/2010 // Dallas, TX, USA // SEO for Lawyers // Lawyer SEO Marketing

Throughout 2010, social media marketing for law firms has become increasingly popular among the legal community. The number of lawyers using popular networking sites link Twitter, Facebook and LinkedIn is at an all time high. Lawyer SEO Marketing believes that social media marketing for lawyers will continue to replace traditional means of advertising and become a key component of internet marketing.

Here are some predictions on what lawyers can expect from social media marketing for the remainder of 2010 and into 2011:

• Google Places and local search will replace yellow page listings.

• The majority of both solo attorneys and multi-lawyer law firms will have a presence on one or more social media sites.

• Documented guidelines for social media marketing and advertising rules established by the American Bar Association.

• An increase in social media policies for law firm employees created by individual companies.

• YouTube Videos and Vlogging (video blogging) will become common website content.

• Law firms will increasingly optimize their websites for smartphones functionality.

The legal marketing team at Lawyer SEO is home to cutting edge social media marketingstrategists. If your law firm has not started internet marketing like Google Pay Per Click Ads, search engine optimization (SEO), or social media marketing activities don’t feel like it’s too late to start. Let Lawyer SEO Marketing help catch your law firm up to speed and propel you into 2011 with a strong online presence.

To learn more about social media marketing for lawyers and receive a complimentary consultation call 214-986-0994 now.

via : http://news.topwirenews.com

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Thursday, October 7, 2010

BusinessWise briefs: Estate tax strategies

 With so much uncertainty regarding the estate tax law is there anything we should be considering in terms of gifting this year or should we wait until next year when we know what the rules will be?

There has been a great deal of discussion about estate taxes recently because there is no federal estate tax upon death during 2010 (at least for now). We do not know for certain whether Congress will retroactively enact the estate tax in some fashion for 2010 but what is highly likely is that there will be an estate tax in the future. Therefore, taking advantage of certain wealth transfer techniques now may pay big dividends for your heirs.

via : news.cincinnati.com

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Social Media Screw U

Social Media Screw Ups – A History October 5, 2010 – 1:46 pm | No Comment Our editorial and social media training partner, Custom Communication, has gone back through six years of social media and compiled a visual narrative of company misadventures with bloggers, tweeter and other social media voices. http://htxt.it/ouil

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5 Steps to Building Your Social Media Marketing Plan

5 Steps to Building Your Social Media Marketing Plan

 

When any new technology gets rolled out — whether it’s e-mail, text messaging or social media — it takes some time for best practices and effective strategies to cement themselves. And while many businesses (of all sizes) are still looking for ways to leverage social media, some techniques have already proven fruitful and can help your business expand its reach.

The key to turning your business into a Social Media Marketing success is focusing on the fundamentals that already make your business great, and enabling your customers to spread the word about your exceptional products or services.

Here is a 5-step plan for linking your customers’ experience to the power of their endorsement, which will, in turn, bring more customers to your business:

1. Start with exceptional service.

Though providing your customers with positive, memorable experiences may seem an obvious suggestion, the importance of this first step cannot be understated. Whatever inspired you to first open your doors (or whichever services set you apart from your competition today) is what you need to focus on in every customer interaction you have.

When you’re firing on all cylinders and giving your patrons a top-notch experience, you’re turning casual customers into passionate ones. For better or for worse, these are the types of people who are most likely to spread the word about your business to their friends and colleagues. And for any social media marketing campaign to take off, you need to have all-out fans willing to evangelize your brand and the great experiences they’ve had with it.

2. Engage your customers with interesting content.

Great service is a first step in building a passionate fan base, but the next step involves extending the experience outside your four walls. E-mail marketing helps you reach your passionate customers when they are not in your store by sharing news, tips and other information through periodic communications.

The benefits of e-mail marketing go beyond simply keeping your customers informed. The basic act of asking for an e-mail address strengthens the bond between your business and your customers because they are entrusting you with a piece of their personal information. And while an e-mail address may seem like a tiny detail, when someone gives it to a business, that proves the business is a trusted contact that the person would like to engage with on a deeper level. In addition, e-mail newsletters are easily (and often) forwarded to and shared with friends, so this a simple first step towards leveraging your customers’ contacts, if they choose to forward along your messages.

3. Help your passionate customers spread the word.

Forwarding an e-mail newsletter is still a great way for your customers to spread the word about your company, but social media marketing provides a lot of other ways, too. For example, archive your e-mail newsletter content online. This will allow you to post the newsletter as links on various social networking sites around the Web.

Andrea Herran of Point Barrington, Illinois-based Focus HR Consulting does a great job of leveraging her e-mail content to drive her social media marketing efforts. Every month, she sends out a short e-mail newsletter that features an article about management, and includes links to her recent blog posts and other resources that might interest her subscribers. Before she sends out the newsletter, Herran runs a teaser post on Twitter that often prompts more people to sign up. And after the newsletter is sent, she engages with subscribers about it on Facebook, talking about ideas she shared and learning more from her customers.

4. Turn casual acquaintances into passionate customers.

Sharing information with friends is the very nature of social media marketing, so using this channel to engage your most passionate customers will quickly increase awareness in your business among their contacts. This is why providing content to your most passionate customers is so important: Give them something worthwhile to talk about, and they will gladly share it with their friends. Some examples of items your business could post include:

  • Details on new products, or changes to existing offerings
  • Specials, deals, discounts and coupons
  • News on upcoming events
  • Information about community functions your business may be participating in
  • Offers, prizes, rewards and contests

As the word spreads about your news, more customers will connect with your business via social media. In fact, customers are more likely to connect via social media than they are through e-mail marketing — but don’t let that discourage you. E-mail subscribers are more engaged because they interact through their inbox, which means they’ll be alerted when your message arrives, while social media contacts get distracted more easily. Social media is very popular right now, but remember that its users tend to be more like casual acquaintances in comparison to the passionate customers that e-mail marketing provides.

5. Keep the “virtuous circle” going.

If the ultimate goal is to convert as many people into passionate customers as possible, then it all comes back to providing a great customer experience. Use social media marketing to lure customers into your business, where you can wow them with the kind of exceptional service they heard about from their contacts. And if these new customers heard about your business via social media, try to get them to sign up for your e-mail newsletter while they’re there. When they do, you’ll know you’ve found another passionate customer, and your efforts will spin onward to their friends.

This creates a virtuous circle that will continue to build buzz and generate followers for your business with every new newsletter and great customer experience you produce.

Via : cmswire.com

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Wednesday, October 6, 2010

Social media has its serious side for business

Social media has its serious side for business

 

There is a thriving Lloyd’s List page on LinkedIn so please feel free to sign up and join the debate

THE number one film in the US right now is The Social Network, which dramatises the birth of Facebook and the early tensions between its founders Mark Zuckerberg and Eduardo Savarin.

The two geeky Harvard students, along with some of their college room mates, launched the social networking website in February 2004, since when it has taken the world by storm. Some 500m people — around one human being in every six currently on the planet — has signed up.

Yet social media still has a reputation for being the province of teenagers and students. It is, for instance, blocked in many workplaces, for fear that the cubicle rats will idle away too much time chatting online with friends rather than maintaining the accounts receivable ledger.

That is far from the case, if a new survey conducted by this newspaper is anything to go by. Many serious business people, including those in the maritime industries, find that Facebook, LinkedIn, Twitter, MySpace and YouTube can have serious professional uses.

There is also evidence of widespread addiction to iPhones and Blackberries across the shipping sector. According to our research, over 90% of respondents use a mobile device for work. Some 54% say that this helps them to keep up with breaking news, while 35% browse industry news and 15% access Twitter or other social platforms.

Interestingly, the split between respondents who use applications and those who do not was almost even, with 48% saying yes and 52% saying no. But news apps and social network apps are most commonly used in leisure time.

At present, 84% of respondents do not use Twitter. That said, slightly more than half can anticipate doing so at some point in the future. Respondents use microblogging most commonly to keep in touch with friends and family (58%), keep in touch with work colleagues (39%), and to access breaking news (39%). You can follow this newspaper’s output at the Twitter handle @LloydsList.

LinkedIn and Facebook are the most commonly used professional social networks, used by 40% and 34% of respondents respectively. Some 27.5% said they used them daily, and a further 30.5% used them weekly. Some 13.7% log on at least once a month, while 28.2% do so rarely.

There is a thriving Lloyd’s List page on LinkedIn so please feel free to sign up and join the debate. You might also want to look at a number of other maritime-related forums on that platform.
This social media survey has now been made available for non-subscribers. To complete the survey click here.

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Monday, October 4, 2010

Social Media Key To Integrated Marketing In The Middle East

Social Media Key To Integrated Marketing In The Middle East

Social Media Key To Integrated Marketing In The Middle East Total Marketing Summit to discuss five marketing disciplines under one platform; Social tools Facebook, Twitter and LinkedIn most used in the region.

Dubai , UAE - October 4, 2010

The United Arab Emirates (UAE) was ranked as the leader in the Arab region’s  Internet penetration and application usage rates where, according to the Arab Media Outlook 2009-2013 report, 75 percent of the country’s population use Social Media sites such as Facebook,Twitter and LinkedIn

.Social Media is gaining prominence as a communications platform which complements traditional marketing disciplines. Reiterating this fact, Akansha Goel, Marketing Futurist, Founder of Socialize and speaker at the Total Marketing Summit said: “Social Media is being widely used by organizations in the Middle East and the pace is increasing. Facebook, LinkedIn and Twitter are three key Social Media tools being used by customer service and marketing departments in the region. However, it is necessary that organizations have a Social Media plan.”

The interactive character of social networking allows brands to communicate directly with their audiences and delivers instantaneous measurement and return on investment (ROI) indicators. Facebook alone boasts 40 million users across the MENA (Middle East and North Africa) region, with a market penetration of 11.5 percent, while Twitter has another 500 million global users .

“Every company can increase revenue through Social Media marketing. As most Social Media tools are free to use, companies need to realize, they have to make an investment  of their time to benefit from social networks,” said Hermione Way, Founder, newspepper.com. “A business will also need to take risks and experiment with their budget spending on Social Media.”

Social Media is one of the five verticals of marketing that will be discussed and debated at the Total Marketing Summit, to be held in Dubai from October 31st to November 3rd, 2010. The summit will explore the latest trends and thought leadership in ‘Branding,’ ‘Social Media,’ ‘Public Relations’ and ‘Search Engine Optimization (SEO).’

Held over three days, the summit boasts over 70 speakers from the five disciplines and seven interactive workshops. Participants and renowned industry speakers are set to discuss and debate pertinent issues such as ‘The Future of  Internet Advertising’, ‘Adapting to the Evolving Relationship between Client and Agencies’ and ‘Social Media and the Corporate World – How Can It Help Your Organization?’ Speakers include Isam Bayazidi from IKOO, Yasser Al-Kharobi from Rotana Media Group and Andrew Ward from Etihad Airways.

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Social Media Setup,Social Media Marketing,Social Media Monitoring,Social Media Promotion,Social Media Optimization,Social Media Small Business,Social Media SME,Social Media Local Business,Social Media for Business,Social networking sites,Social Media management

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6 social media platforms at a glance - iMediaConnection.com

Developing a successful social media strategy requires a clear understanding of the technology, users, opportunities, and challenges. This essential checklist will help you evaluate which channels are appropriate for your marketing efforts.

B2B marketing in the Twitter stream

B2B marketing in the Twitter stream

Social media marketing

Socia Media Marketing - Social Media Isn't Free

Socia Media Marketing - Social Media Isn't Free

Many business people believe that Social Media marketing is "free." This is attributable to the fact that Social Media platforms, like Facebook and Twitter, cost little or nothing to participants. Additionally, smaller businesses can afford to use Social Media to expand their reach cost effectively. What larger businesses miss is that smaller cash-constrained firms are substituting their own personal time and creativity for other resources.

7 Socia Media Marketing Expenses to Consider

Since Socia Media Marketing in some form is now part of most marketers' plans, it's critical to gauge its cost so that you can compare it to other options. Here are seven Social Media costs to consider including in your marketing budget:

  1. Monitor the environment.
    • Sentiment tracking analytics. While many marketers can get by with the use of free tools like Google Alerts, Twitter Search, and Social Mention, these tools don't offer the depth of analysis that more expensive tracking provides by the likes of Radian6 and Cymfony.
    • Internal analysis. Since Social Media involves tracking lots of content activity and converting it into useful information, this work may increase the workload.
  2. Implement a Social Media campaign.
    • Consultant(s). Find a consultant or an agency to help with social media strategy and development.
    • Social media platform fees. Some Social Media tools charge for business functionality, tools, and/or special implementations.
    • Creative costs. Social Media projects may be done by your existing creative team. Alternatively, you can use your advertising agency or hire a specialized firm.
    • Ongoing content. Most Socia Media Marketing requires a combination of new content such as videos, photographs, articles, games, apps, and/or in other formats, as well as participation in the conversation.
    • Ongoing support. Provided either internally or externally, it's a good idea to hire a social media manager once you reach a certain scale.
  3. Promote Socia Media Marketing. You can't assume that if you build it, they'll come. It's critical to advertise your efforts. Old Spice's high profile, viral campaign established their Old Spice spokesman in a Super Bowl commercial. Where and how will you promote your campaign?
    • Media budget. This is needed for third-party media both online and offline as well as owned media.
    • Advertising creation. Includes expenses related to developing and serving ads.
  4. Post Social Media engagement. While social media marketing can be highly effective for expanding your reach, you still need to convert these prospects into buyers. What's necessary to coax them through your purchase process?
    • Targeted landing pages. To keep them engaged.
    • Search. Related to the terms used in your social media content and campaigns.
    • Internal marketing. Including e-mail and website.
    • Testing. To determine the most effective methods to convert traffic.
  5. Social media campaign analysis. After your campaign, track results to your initial goals. Depending on your current analytics software and team, this work may be integrated into this existing function. For others, additional tracking and headcount will be needed.
  6. Customer service. Regardless of your social media implementation, your customer service representatives will be involved.
    • New communications channels. They need to be able to respond to requests from new channels.
    • Increased contacts. With expanded media platforms, customers will use a variety of platforms to talk to representatives.
    • Additional headcount. More trained personnel may be needed to respond to prospects and clients in a timely way.
  7. Technology support. At each step, your technology team should be in the loop to ensure that your internal systems can support your social media executions.
    • Supporting development. In some firms, internal resources may be used to develop implementations.
    • Increased bandwidth. To support incremental traffic during peak usage times. For example, if you've got a big event planned around your Socia Media Marketing, make sure that you've got extra bandwidth to handle it or your website or other systems may crash!
    • New supporting software installation. This includes related server capacity needs.

5 Socia Media Marketing Metrics to Monitor

As with any marketing program, tracking your Socia Media Marketing results is important, although many marketers have a hard time tracking hard dollar returns from these efforts. Here's a starting point for measuring your program and related costs.

  1. Revenue. Can you track sales back to your social media efforts? Special promotion codes and customized landing pages are useful for this. While you might not be able to attribute the entire sale to the social media campaign, was it a part of the effort? Many firms have trouble tracking sales to marketing beyond the last channel touched.
  2. Earned media. Can you attribute incremental views or other actions to social media interactions? Can you show additional reach as a result of consumers talking about and sharing your social media content? Were you able to increase your marketing's efficiency?
  3. Branding. Have consumer feelings towards your brand in terms of mentions, sentiment, and intent to purchase changed in a positive direction?
  4. Customer loyalty. Has involvement in social media supported your fans and influencers? Has this resulted in increased sales? Has customer lifetime value improved?
  5. Costs. For Socia Media Marketing efforts, it's important to track these expenses across your organization since they may not all flow into the marketing budget. Remember, some may be hidden since they involve expanded job loads on various departments without any increase in salary. In these cases, it's important to monitor employee feedback. In addition, it's a good idea to track changes in headcount, often known as FTEs.

For many marketers, the reality is that, if your customers and competitors are on social media platforms, you need to be there or your business will suffer. To do so effectively for your company, realistically assess your results by tracking costs and the related sales to determine where you should be investing.

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Socialmedia for small businesses, is that a reality ?

Social media Marketing for small businesses, is that a reality ?

As a regular reader of Wall Street Journal, I see many articles published in the Small Business section about small businesses leveraging the social media. Although Google a 11+ year old company, SEO still remains a mystery to many business owners. Granted, the art and science of SEO is more advanced than it was years ago but, by and large, the small businesses have had difficulties in understanding organic SEO, SEM and the related alphabet soup. But social media – it seems they are catching up fast on the effectiveness of the same. With the world turning to microblogging as a medium than elaborative blogging as a way to generate organic content, the impact to get message across is quite larger now. Does this mean that every small business is able to come up with a social media strategy and, more importantly, implement it ? I seriously doubt it. The reason: IT IS TIME CONSUMING! There are over 10 social networks getting release to the worldwideweb every day and catching up with things alone require time. This is why we believe our service makes sense to the small businesses. It is effective because it is cutting edge and helps the small business owner or manager concentrate on running their business while our service will help grow, promote and even service their customers.

www.socialnetgate.com by social media marketing

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Social Media Marketing - Slideshare

Sunday, October 3, 2010

Social media marketing - How Microsoft went from 30 million Windows Live bloggers to 300,000

Social media marketing - How Microsoft went from 30 million Windows Live bloggers to 300,000 :

 

The popularity of Microsoft’s Windows Live Spaces blogs appears to have been greatly exaggerated.

Microsoft announced a few days ago at the TechCrunch Disrupt conference that it will be moving its 7 million active Windows Live Spaces blogs to Automattic’s Wordpress blogging platform. But now that number seems closer to 300,000 blogs — according to internal emails from Microsoft executives obtained by Betanews.

At first, Betanews’s Joe Wilcox assumed that the 300,000 blogs would come out of Live Space’s total 30 million users — but as we previously reported, Microsoft said that it only expected to add 7 million blogs to Wordpress’s platform. Microsoft divides its Live Spaces users into 7 million “authors” — who have a blog and update it regularly — and 23 million “visitors.”

But even that 7 million figure seems overblown. According to an email from one Microsoft executive (who apparently didn’t get the memo about Space’s 7 million active bloggers): “The net is: 300k sites are expected to migrate of the 30M ‘blogs’ — most are dead. Wordpress is adding somewhere in the order of zero servers to handle this capacity. This was a ‘who has the best online service for blogging for our customers’ and had nothing to do with technology.”

The emails apparently stemmed from Microsoft employee frustration over moving such a significant service over to Wordpress’s servers, which run on rivaling Linux software. Even though Microsoft showcased Automattic as a customer of its Windows Azure cloud computing platform, Automattic’s Paul Kim said that it has no plans to host the blogs on Azure.

Kim also mentioned that 50,000 Live Spaces blogs migrated to Wordpress.com in the first two days. It’ll be interesting to see how that migration number ranks over the next few weeks.

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Friday, October 1, 2010

Content-wise, which group do you belong to, Mr.BusinessOwner ?

Content is still king… even in the Web2.0/Social Media world. More public the better.

We can almost always categorize any new customer into the
following 3 categories:

1. Those that have a boatload of content and are also willing to
continue to produce more content. The content is also of real
high quality rich with relevant keywords.

2. Those that have not enough content but they do have a desire
to create quality content as we proceed with the social media
campaign
for them.

3. Those that have no content; nor any desire to produce any.
They expect us to reuse public domain content and retweet the
trends and get their promotion working.

We have been finding ways to make the SocialNetGate effectively
working for all the 3 groups.

Incidentally, which category do you belong to ?

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Hi5 acquiring Big Six

Socialnetgate - Hi5 acquiring Big Six



Hi5 is one of the largest social entertainment sites in the world, with approximately 50 million monthly unique visitors. They are hugely popular in central america and they appeal to the younger demographics, same as Tagged. In addition to ad support, thesite is monetized through hi5 Coins, a virtual currency. More importantly, the site supports third-party games and other applications through its OpenSocial platform. Today they acquired BigSix, one of the largest social games developer. The BigSix team is going to have Hi5 bosses.



posted by SocialnetgateJustify Full

Wednesday, September 29, 2010

Social Media is currently the most effective channel for promoting and connecting withvariety of audience : prospects, customers, fans, voters-you name it. To give an idea about the importance of social media, here is some quick stats about the number of years it took for different channels took to reach 50 million users:Radio - 38 yrs; television - 13yrs, web - 4yrs; ipod-3yrs; Facebook - 9monthsPosted By Social Media Marketing http://amplify.com/u/beyi

Sunday, August 22, 2010

The Hindu : Business News : IT firms face tough challenges in Europe

Political uncertainties, currency fluctuations and economic recessions have made the going somewhat tough for most IT firms in the European markets. Top IT companies have seen a drop in the share of business from Europe in the second quarter ended June 2010. Infosys saw a sequential drop in revenue to $275.7 million in the second quarter ended June 30, 2010, from $291.6 million in the previous quarter. Wipro's revenue has come down marginally to $305.7 million from $306.6 million. For HCL Technologies, business from Europe has dropped to 24.6 per cent from 26.7 per cent. On the other hand, Tata Consultancy Services (TCS) has reported an increase in its share of revenue from Europe to $430.6 million from $424.9 million. Cognizant, too, has shown a rise of 15.3 per cent in its revenue from Europe to $200.17 million from $173.63 million.

Though the entire European economy is going slow, countries such as Germany and France have been showing an improvement. These two countries have been adding positive growth to the total GDP (gross domestic product) of Europe. This has been a positive factor to Indian IT players. However, uncertainties in certain countries such as Portugal, Ireland, Greece and Spain (PIGS) will have some impact on Europe's economy. This is bound to challenge the outflow of business to Indian IT companies.

Luckily, many Indian IT companies do not have direct exposure to these markets. Many did feel that the economies in PIGS would have contagion effect on the rest of the European countries in the global economy's context. But these concerns have been eased now, says R. Chandrasekaran, President and Managing Director, Global Delivery, Cognizant.

Market analysts estimate that Europe's GDP will grow between one per cent and two per cent in 2010, led by Germany. In terms of IT market, most analysts are predicting a return to growth in 2010. For example, IDC predicts that the Western Europe external IT services market will grow to $204 billion in 2010 and further to $232 billion in 2011.

Though the business from Europe has been relatively slower for TCS, in constant currency terms, it has seen growth in both Continental Europe (which grew by 1.2 per cent) and the U.K. (which grew by 8.1 per cent). The company remains confident of the business prospects in Europe, as it looks ahead. TCS is well placed in terms of its current operations and client base to take advantage of growth opportunities that the market may provide in the coming years. TCS sees France and Germany as the two major growth markets of the future and has been ramping up teams in these countries, says S. Lakshmi, Head, U.K. and Europe Operations, TCS.

Cognizant has seen a solid business growth from the European market in the second quarter.

The company's European revenue grew 15 per cent sequentially and 20 per cent after removing currency effect. Cognizant's U.K. business, in particular, saw a growth of 22 per cent sequentially, some of which was driven by mergers and acquisitions.

It has been cited that currency fluctuation and conversion have been important reasons for the Indian IT companies' setback. This has been a cause of concern for the Indian IT players. R. R. Srikanth, Chief Financial Officer, Polaris Software Lab, says that foreign exchange fluctuations in pound sterling and euro will certainly have an impact on the EBITDA (earnings before interest, taxes, depreciation and amortization) margins. However, calculative and pre-emptive hedging acts as the natural solutions to this problem.

With all these uncertainties, it is said that in the medium-to-long-term, the European market can create lot of opportunities for Indian players. Krishnan Chatterjee, Chief Marketing Officer, HCL Technologies, says that increased focus on cost reduction in Europe could drive offshoring to India. It will also present an opportunity for Indian IT companies to explore newer models for engagement, impact measurements and reward thereof.

The players who are able to invest in European Union markets keep in mind the marginal and long-term growth factor that will benefit them. These companies which have larger exposure to these markets face a bigger challenge when compared with those which have marginal market share.

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It is not surprising.

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Wednesday, February 24, 2010

Beware of Existing Tenants When Buying a Foreclosure Or Short Sale Tag: tenants, short sale, self directed ira, renters, myblog, investment property, foreclosure, eviction, Brooklyn Troy, 401k rollover, 401k

With the crash of the real estate market comes many opportunities for investors. Especially when purchasing the abundance of Short Sale and Foreclosure homes. There is however on caveat to these purchases that one truly has to consider and that is that you must honor any existing leases on the property for the duration of the lease term. 

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