Don’t invest more time on social media until you have read this

Regular readers will know that I am both very active on social media and highly ranked for my online influence.* Equally you will also know that I do not routinely encourage accountants to use social media for promotional and marketing purposes. And I challenge the evidence and arguments of those who do advocate this – when they do so without plenty of caveats.

For every one accountant I hear about who claims to secure good business through social media there are dozens who tell a different story. Typically they say that social media, for them, is a waste of time. This is no surprise to me as I understand the limitations of social media as well as the opportunities.

My research also shows that most accountants who ARE securing good business from their online activities are actually more reliant on the online business networking site, Linkedin, rather than on one or more ’social media’ platforms.

Let’s clear up a couple of other misconceptions.

Firstly, accountants rarely conclude that any promotional or marketing activity is worthwhile unless it has been well planned and executed. This means, as I have said before, starting by being clear as to your objectives. WHY are you doing any promotion?

There are many possible reasons. But let’s assume that you want more clients.  As I have explained previously, you then need to consider who is your Market, then what is your Message and finally which Media is best to get your Message to your Market? Your choice of media (social or otherwise) should be the last thing you consider, not the starting point.

If you simply post promotional messages on twitter or Facebook, for example, there is no guarantee that these will be seen by your target market.

Secondly, do not be fooled by statistics quoted by so-called experts who tell us how many billions of people use social media. If your target market isn’t using it and won’t see your messages, the general stats are not relevant.

Let’s assume you want to secure a profitable new business client. Are the owners (or FDs or other decision makers) of such clients active on social media? Maybe. Maybe not. They may be active on one platform but not on others. Or they may have delegated their company’s use of social media to a junior person in their marketing team.  Such a person is unlikely to be influential or able to help you to contact or influence the decision maker you hope to meet.

Having debunked some of the misconceptions, let me now offer a more positive slant. Because there are times and ways in which it can be worth accountants trying to use social media for promotion and marketing purposes. It will often be much easier to reach such decision makers via Linkedin for example.

Typically you will find the time and effort you spend on social media is all more worthwhile if you are focused on connecting and engaging with other users who share your interest in a specific sector, community or niche. For example, the owners of start-up businesses, those who operate from the same local area as you or those who share your interest in, say, martial arts.

Let’s now assume that you have done your research and concluded that there are people you wish to target and influence who are actively using a specific social media platform. How might you hope to use that platform productively?  Here are 6 key tips that could make all the difference:

  1. Use the search facility on the platform to find people, groups or discussions that are of interest.
  2. Join relevant groups and join in conversations. Be generous with your knowledge and focus on helping people. Counterintuitively, the less promotional your contributions, the more interest you are likely to attract.
  3. Join in conversations about topics you find interesting and which may help you connect or engage with the people you are targeting.
  4. Identify relevant hashtags and use them in your contributions. Do not overuse them. And never use them until you are confident and comfortable that you know how to do so without undermining your credibility.
  5. When you initiate posts make sure that enough of them are focused on relevant topics, by reference both to your objectives and to the people with whom you hope to engage. But ensure too that you are not so focused you omit to reveal the real you on each ‘social’ media platform.
  6. Identify, follow, engage and/or connect with relevant individuals, personalities, suppliers, customers, and influencers. They may not all be prospective clients (assuming that’s your overall objective) but they will know such people. As such they may be useful introducers and referrers.
*Most recently Sage identified me as one of their top 100 global small business online influencers.
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Where do you want your promotional messages to be seen?

I have referenced what I call the 3Ms of marketing an accountancy practice before. This blog post is related to the third M. That is, which Media should you use to get your chosen Messages to your chosen Market?

The answer to the question depends on where you will find your chosen Market and target audience. When many accountants are asked about this, they have no clear answer. The implicit belief is: “Anywhere and Everywhere”.

If you think this is true for your practice then it doesn’t matter greatly where you promote the practice. Unfocused social media and Linkedin may help (but probably not much). Essentially you’ll try ‘Anything and Everything’. Accountants who adopt this approach are typically the first to say that marketing is a waste of money. Where that’s true is often because it’s unfocused and hasn’t been planned by reference to specific objectives, clear target audiences and distinct messages that resonate with that market.

Let’s move on then to consider 4 other generic answers to the question, Where will you find your chosen Market and target audience?

Immediate vicinity

This is the case, for example, when you have a high street presence and want more passers by to pop in or to remember your details to pass on when they hear someone asking about accountants in the immediate vicinity.

The 3 main options here are: A pavement sign encouraging passers by to pop in, to use the office windows to communicate with them or to have a leaflet stand by the door.

Your local area

I make this point frequently to sole practitioners – and the point is relevant to many 2 or 3 partner firms too. Unless you have some special expertise or sector focus, the vast majority of your new clients will come from the local and surrounding area.  Even if you have clients all over the country, few people who are hundreds of miles away will ever choose you as their accountant over someone more local to them.

Assuming that you want to promote your firm in the local area there are plenty of options available to you including:

Adverts in the local press and magazines, local sponsorship, local networking groups, local radio, local business events and shows and online groups (eg: on facebook and Linkedin) that focus on the local area. Also your Linkedin profile should include your local area in the headline to make sure it stands out when anyone uses Linkedin to look up local accountants.

Nationally

If you really want to promote your firm nationally you might look to focus your promotional activity on National radio, TV,  conferences, facebook, twitter, Linkedin and any other UK online forums and general social media platforms.  Generic blogging on your website may also reach a National audience if it doesn’t obviously have a local or other relevant focus.

Internationally

International and overseas conferences, overseas based groups, international magazines, facebook, twitter, Linkedin and any other international online forums and general social media platforms.

Specific groups, communities or sectors

In case it’s not clear I would say that this  is most likely to be successful for a local accountancy firm. Especially for those who do not have the opportunity or desire to seek publicity in their immediate vicinity.

By way of examples, you might be focused on lawyers, young entrepreneurs or local property investors.

The key point here is that your focus on a specific group, community or sector enables you to STAND OUT more from the competition.  As a result your publicity is more likely to succeed here than if you adopt an approach that is better suited to larger firms and brands that truly have a National or International focus.

Your publicity should evidence your connection, interest and expertise as appropriate in the specific group, community or sector you have chosen.

The opportunities to secure publicity here are extensive – and much more focused than any of the other options listed above. They include: relevant community or sector focused magazines, news websites, blogs and papers. Also specific focused facebook groups, Linkedin groups, speaking opportunities at events that attract your target audience, sponsorship, relevant networking and business focused events. Also social media and online forums where the use of hashtags or tags enable you to reach your target audience more directly than if you just ‘go random’ (which tends to happen when you seek National and international publicity).

I must offer one important caveat to finish. Overt adverts and promotional messages may appeal to some audiences. In the main however, effective publicity for local accountants can be counter-intuitive, especially when it involves your own blog, social media and articles – effectively anything other than obvious adverts. Everywhere else you typically need to hold back on the overt promotional messages. Instead you are likely to have more success if you focus on offering help and support, sharing useful knowledge and information, tips and tricks.

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When you CAN use social media effectively for promotional purposes

The longer you spend on social media the more you realise that overt sales and marketing messages do not typically have much positive impact. Posting adverts on social media is a different topic and not the subject of this blog post.

Before I explain how you CAN use social media effectively for promotional purposes, I should clarify a related point. I have long maintained that it’s rarely worthwhile spending time on social media in the hope of finding new clients. I’m never surprised that only a minority of the accountants I speak with talk about having found new clients through social media. For some years I was of the view that many of these clients were relatively new start-up businesses who were attracted to similarly new accountancy firms. If that is what you want then by all means copy what you see other SSMAs (Successful Social Media Accountants) doing.

Times are changing but it remains true that before you try to copy what someone else does you need to decide whether you would be happy with the same results that they secure. And it’s not enough to replicate someone’s style and approach – you might also need to replicate their profile and website messages too. I’m not suggesting you copy these, but do bear in mind that when social media works as a promotional tool it is due to a combination of factors.

My advice to accountants who are keen to secure valuable promotional and marketing benefit from social media is to adopt a local, community or sector specific focus.  Rather than tweeting, posting and engaging with anyone and everyone, be more selective.

There is rarely much point in local accountants building up a follower base spread around the UK or the world, unless such people are genuinely part of your target market for business or influence.  This is not the case for most local accountancy firms. So why seek to boost your follower numbers without giving any consideration to where they are or who they are?  In most cases ‘quality’ should be far more important to you than ‘quantity’. And what will determine who are ‘quality’ followers and connections? It is likely to be because they are involved, connected or interested in the same locality, community or groups as you.

If you want to use social media effectively for promotional purposes you will still need to follow conventional wisdom and avoid too many overtly promotional posts. But, that said, you will invariably be more successful if you adopt a local, community or sector specific focus by:

  • joining relevant facebook (and also Linkedin) groups
  • tweeting, posting and commenting on local, comunity or sector specific topics
  • using popular hashtags that are already being used by others in your area/community/sector
  • including your social media account names on local marketing and promotional materials
  • following, connecting, helping, suppporting and engaging with key individuals, influencers, suppliers, customers and personalities.

Feel free to add any further suggestions or questions you have in the comments box below this post.

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“What tools do you recommend to help a sole practitioner stand out?”

This was another question I was asked during a recent interview. This post is drawn from the notes I made before giving my answer on air.

Many accountants and bookkeepers reference their best source of new business as being referrals and recommendations. So let’s deal with this first.

Tools I would recommend here include:

  • Linkedin – you can use this to keep in touch with what clients are doing , to like, share and comment on their updates and news. It helps to have a decent profile here yourself. Check out my free Linkedin profile tips here>>>
  • Your website is key of course. It’s a tool to attract people to your practice rather than to your competitors. I’ve mentioned many times on this blog how important it is to reveal who YOU are rather than hiding behind your firm’s name and brand. You don’t need to invest a fortune in your website. You can STAND OUT positively simply by addressing the basics and making it really easy for prospective clients to find key information before they get in touch.
  • A decent CRM (Customer Relationship Management) system to ensure that you’re keeping in touch regularly and can recall key facts about each client.
  • A practice management system – monitoring time limits and deadlines, so you can avoid doing things at the last minute and provide a timely service to your clients. You only tend to get positive referrals when clients feel that you are on top of things.
  • A referrals strategy – this could be a simple spreadsheet or it could be built into your CRM system.

Other tools that could also help you to STAND OUT positively to people who don’t yet know you include:

  • Twitter and facebook – but only if you believe that your target audience are active on these platforms.  With twitter you’ll stand out more if you tweet in your own name with a decent profile headshot than if you tweet in your firm’s name.
  • Linkedin – once you have a decent profile you can use the advanced search facility to seek out either specific prospects or those who fit your target profile. Then you can ask to connect with them and start to build a business relationship with them – before meeting up if you both feel this could be worthwhile. Don’t move into sales mode until you know what they want and need.
  • Giveaways – I don’t mean you need to create a promotional brochure or  gimmicks. But if you have branded giveaways that people will find of use and value, you can use these to stand out from your competitors. As will focused tip sheets that highlight a specific sector or niche – as distinct from being the same old, same old generic tip sheets everyone else sends out.

If you’re aware of other tools you would recommend for sole practitioners, do please add them as comments on this post.

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How do you allow clients to communicate with you?

In the days before email there were only 3 ways that clients could communicate with their accountants. In person, by phone and by letter. Now the list of options is much longer. Do you encourage, tolerate or refuse to accept communications by less conventional methods? How does this impact your client base?

Email is perhaps the most common form of communication these days but some accountants talk about how they are being approached by prospects and by clients using skype, facebook, twitter, whatsapp, text messages and Linkedin.

I’ve been asked whether it’s acceptable to engage with clients and prospects using these platforms.  My answer is simple. ‘Yes’. The key question is whether you come across as professional and appropriate in your communications.  There is also the question as to why have facebook and twitter links on your website if you do not want to encourage communications via these platforms? There’s little point trying to look modern and uptodate if you can’t cope when people choose these facilities to communicate with you.

Ground rules

Moving on, you need to decide whether to allow clients to do whatever they want or if you want to set some ground rules. And you need to decide how to record or keep track of communications across multiple platforms.

My advice depends on how often you get enquiries and questions via less conventional methods. 

You could welcome and embrace such approaches. “I’m flexible and modern and let clients engage with me however they choose. But we do encourage email for substantive conversations and when we provide ‘written’ advice”

Or

You could adopt a different stance and reply to initial enquiries, along the lines: “Many thanks for getting in touch here. I’d love be to discuss your issues on the phone or face to face. 

Please note that we are happy for clients to contact us use by whatever media they choose. However as a professionally qualified accountant I cannot engage with non-clients on platforms like this.”

Social media

If clients want to ‘meet’ via Skype – you need to agree or accept that they may choose to go elsewhere. Skype offers the advantage of face to face communication (over the web) but avoids anyone having to travel to a meeting. This is the same reason that I run monthly webinar meetings for sole practitioner accountants who do not want to travel into London to meet with me regularly.

Like many people I tend to think of facebook as a non-business communication platform – principally for friends, family and fun. However I also know that some accountants have popular business pages on facebook and that prospects and clients may communicate with them on facebook or via messenger.  This is most likely to be the case if your clients are themselves very active on facebook.  Whether you want to encourage or discourage communications via facebook, make this clear on on your facebook page. 

Again, you may have some clients who see you are active on twitter and send you messages there. Or they may have a preference for whatsap or texting. It’s up to you whether to reply in detail (not easy – even via direct messages) or to copy their message then reply to it via email. If you copy their message into your email reply it will be easier for you to keep an audit trail of your communications. Just bear in mind that some clients may check their twitter accounts and texting apps more often than they check their emails. So I’d advise that you always send an acknowledgement back by the same method that the client approached you eg: “Thanks for that. I’m replying in detail by email. Will aim to get you something within in the next few hours, or do you need advice more urgently?”

I would suggest that your emails always reference the platform on which the original query arose (facebook, twitter, Linkedin, whatsapp or elsewhere!)  I’m sure I’m not alone in finding it very frustrating to glance at a new message notification and then to later forget which app I need to review to find it again,

Clients first?

Unless you can afford to alienate the odd client, I think it’s important to allow clients to communicate with you however they choose. So don’t deny them the facility. But you can take control of how you respond. To keep track of the shorter messages, that you don’t confirm by email, you could take screen shots from text, facebook and twitter apps. Then save those photos to relevant client directories or files in the cloud – direct from your phone.

As the number of clients engaging with you in less conventional ways increases, so it’s important to identify the processes and systems you want to have in place to keep track and to retain an audit trail re advice you give clients. This becomes even more important if your advice reflects questions, facts or assumptions you noted via ‘social media’. And you need to ensure that any staff or contractors whom clients communicate with also follow your ground rules.

A more traditional approach would be to tell clients that you only accept instructions and communications by email, letter, phone or in person. I tend to think that approach will not help you to win or to retain clients. But it’s your choice. It’s up to you how you allow clients to communicate with you. If you want more clients of the type who are active users of social media, the more important it is for you to appear flexible and capable of engaging via your clients’ preferred means of communication.

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The 3 key steps to effective promotion of your practice

I have lost track of the number of accountants I see trying (and failing) to use social media to build their brand and to attract new clients.

It’s tempting to try things out and to experiment on social media, as we think of it as being ‘free’. Except that it’s not. It takes time to make it worthwhile. And our time isn’t free. There’s always something else we could be doing. And that other activity could well have more value to us.

Paying someone else to ‘do social media’ for you is equally a waste of money if you haven’t first followed the 3 key steps I summarise below. Wherever, whenever and however you choose to promote your practice, your choice of the media to use is the last of the 3 key steps. You will waste time and money if you focus on the media before clarifying the first two steps.

The 3 steps, in order, are: Market, Message, Media.

Expanding on this:

First identify your Market – who do you want to influence when you promote your practice and your services etc? Who is your intended audience? The more specific you can be the more effective will be your messages and the more influence you are likely to have. This in turn is likely to lead to more clients – of the type you want. Counter-intuitively perhaps, but you’ll invariably do better if you clarify and target a specific market rather than try to promote your wares to anyone and everyone.

When you know WHO you want to influence, then you can clarify your Message. You want to ensure that what your promotions say will resonate with your desired Market/audience.

Then, when you are clear as to your Market and your Message, you can choose the right Media to reach your Market with your Message. This means choosing HOW you are going to get your Message to your target Market. Again, this is much easier if you have clarity as to your Market and it’s not ‘anyone and everyone’.

I see so many accountants experimenting with twitter and then giving up after a few weeks or months. I suspect the majority just jumped on the bandwagon and hoped it would help them to build their brand and identify prospective clients. Such aspirations are rarely fulfilled in practice. Who is your market? Are the local business owners you want to target actually active on twitter? And, if they are, why should they follow you? Is your Message attractive and enticing or simply promotional, occasional and lost in the fast flowing twitter river?

Most of the accountants I work with are more likely to benefit from being active on Linkedin – but even then, only after first clarifying their Market and their Message 😉

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How much of your business comes from social media ?

A research student asked me this question and, after drafting a short reply, I have now expanded my response as it may be of wider interest:

“As regards how much of my business comes from social media, forgive me but the question is too simplistic. Social media is never a source of business for me. BUT it does help people to find me, helps them to start engaging with me and may help them to realise I can do something for them of which they weren’t previously aware. But NO ONE gets in touch to book me or engage me solely because of what they see on social media (at least not yet).

It is rare for anyone to do what you have done – that is to contact me via twitter to ask permission to send me an email. I commend you for this approach though. It STANDS OUT and made sure I spotted your email when it arrived. Well done.”

I was intending to stop there but have now added a more comprehensive reply below:

I often make the point that it can be misleading to lump all social media sites together. So let me answer you by reference to each of the sites where I am active. (This ties back to my blog post last year about how I manage my time on social media each week)

Business online networks

LinkedIn

I believe Linkedin is quite distinct from the social media sites identified below. My profile here, my extensive connections, the dozens of recommendations of my services and the hundreds of endorsements of my skills, hopefully evidence my credibility. Yes, this does sometimes lead to me being approached to speak at conferences and at in-house events in professional firms.

More often though my Linkedin profile and activity are simply contributory factors that result in me being booked as a speaker at events for professional advisers. Other factors include my website, the ease with which I can be found online and word of mouth referrals and recommendations.

I always try to ascertain what prompted someone to approach me to speak. No one has yet said ‘Linkedin’. But I do not dismiss it – for the reasons noted above. I am confident that it contributes to confirming my credibility and abilities to people who don’t know me. It also reminds those who already know me of what I could do for them.

Social Media

Facebook

Although I have a facebook business page I do not consider it a source of business, any more than my facebook account generally. I still see the site as being largely for fun, family and friends rather than for business generation.

Having said that I am an active and helpful member of a popular facebook group to which many members of the Professional Speaking Association contribute. My activity here is a way of helping my peers and of keeping my profile high within the speaking community. Occasionally others will recommend me for speaking gigs; I suspect this would be less likely if I wasn’t so helpful and high profile.

Google+

It’s never grabbed me and recent developments vindicate my longstanding advice to ignore it. Whilst I note that other users seem to continually add me to circles and to ‘follow’ me on this site, I don’t anticipate it ever being a source of work – even indirectly.

Pinterest and Instagram

I spend no time on either platform. I doubt any of my business prospects are active here or would be likely to engage with me here.

YouTube channel

My YouTube channel BookMarkLee doesn’t yet have enough high quality video to offer much in the way of a positive impact on my business development activities. I continue to win work despite the absence of a speaker showreel type video. I like to think this is due to my longevity, extensive connections and a positive reputation generally. Equally I may be missing out big time and it could transform the impact of YouTube on my speaking business.

Again, no one has referenced seeing my YouTube channel as a catalyst for booking me to speak. Conversely, I do sometimes create promo videos to help attract audiences when I am speaking at open/public events, I hope they are helpful in this regard but have never asked an audience how many saw the video or booked as a result.

Micro-blogging

Twitter

As is evident to anyone who follows me here I enjoy twitter and am very active. I hope my enthusiasm to help and contribute rather than to constantly ‘sell’ is apparent. I feel I must be doing something right as my follower numbers continue to rise and are more than ten times the number of people I follow. In other words I’m not generating followers by following thousands of people and hoping they will follow me back.

Does any of my business come from twitter? I like to think my activity here contributes to my online reputation. It certainly contributes to my klout score (79 out of 100 – about the highest online influence score you can have as a non-celebrity). This in turn leads to me being highly ranked in various charts of top online influencers, eg by ICAEW, economia, suppliers to the financial services profession and speakers’ power list.

I’d like to think that such rankings will, in time, lead to more bookings.

For now twitter is more a source of leads for my online products and related services for sole practitioner accountants.

How much of YOUR business comes from social media?

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My social media journey

After being ranked in the top 3 of online influencers by the ICAEW I was recently interviewed about my social media journey. The following extracts may be of interest.

When and why did you start using social media?

It was 2006 when I first registered on Ecademy.com This business focused online networking site predated Linkedin but ran out of money and is no more. Through Ecademy I was introduced to twitter and Linkedin.

Which platforms do you use, and for what?

Over the years I have written a number of blog posts which show how I manage my time across various social media platforms. The last such blog post was in May 2015>>>

Currently I would summarise my use as follows:

Linkedin.com – online business networking to make new connections, typically with accountants and other professional advisers. I have almost 5,000 direct connections here and run 3 groups for accountants and other professionals. I belong to around 40 groups.

Twitter.com – to source and share knowledge, insights and news on topics of interest. I also add all UK accountants I can find on twitter to one of my two twitter lists, which enables anyone to see how UK accountants use twitter. I also have a similar list of all the magicians I can find on twitter!

Facebook.com – Few of my real life social friends are active on facebook. However I keep in touch with many of my old Ecademy friends here. Also many of my friends in the worlds of magic and of public speaking are active here so I can keep in touch with them too. We share tips, ideas and advice. I also have a facebook business page promoting both my services to accountants and to other professionals.

Youtube.com – I watch videos here – and sometimes post my own, normally about talks I have given or am about to deliver. I sometimes add comments beneath videos, typically those posted by people I know.

AccountingWeb.co.uk – I have written over 200 articles for this site and routinely engage with readers who post comments both on my articles and on those written by others.

ion.icaew.com –  When I get emails prompting me to check out articles here I often read them then ‘vote’ them a thumbs up or down and occasionally add my thoughts by way of comments.

How do you use it on a day to day basis?

I look for opportunities to help my contacts, connections, followers and friends on social media – much as I do in real life. If I can answer a question, contribute positively to a discussion on a topic of interest or offer some insight and advice I’m happy to do so.

I tend to make more use of social media when I’m out and about eg: waiting for trains, buses, taxis rather than when I’m office bound all day. I also use some tools that allow me to automate and schedule some of my posts on twitter and facebook.

How has social media helped you professionally? For instance, making new connections or finding new business.

In this context social media is a form of online networking that allows me to connect with a far wider range and a larger number of people than would be possible face to face. We can then determine whether to meet or speak directly. I find this much more efficient than attending random networking events. Equally however it can be more distracting as so many new connections on social media are not local to me.

Over the years I have established relationships with many people who have, in time, become clients or who have engaged me or recommended me to speak at conferences and other events. Others offer assistance when I seek help or advice. One great example is Tony Margaritelli who runs the ICPA. He frequently engages with me on twitter and has both booked and rebooked me to speak at the ICPA annual conference.

Social media has also helped me to build up my email distribution lists although I am careful to avoid promoting too many things as this would probably mean a drop off in my follower numbers etc. And my high profile across a number of sites with a target demographic helps keep my name in the frame when people want to engage a professional business speaker, a mentor or simply want to commission articles and content on relevant topics.

Finally, the independent online social media influence scoring system, klout.com rates me as having a very high score of 79/100. Only celebrities tend to score above 80. Although klout is not widely recognised in accounting circles my high score does generate interest and has contributed to me securing a number of speaking gigs as a social media ‘expert’.

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The 3 factors that will determine your social media success

It’s all too easy to get caught up in the game of chasing followers, likes, connections and social media klout. It may be fun to keep track of these metrics and to keep increasing them. But, in real life, they are not important by themselves.

There is little point in simply pursuing these metrics. You need to have key business focused targets instead. It may be that you want to raise your profile and to become a go-to person for media comment in your area of expertise.  Most accountants and lawyers for example, are experimenting with social media to generate additional fees.

And that is the key metric that you need to measure. How much of the additional fees you generate can be attributed to your online social media activity? There will rarely be a quick or short payback in this regard.

It is also important to note the 3 factors that will influence the speed with which you can gain a payback. These factors are all relevant whether your social media activity is focused around facebook, online forums, blogging, twitter or Linkedin.

The 3 factors are:

1 – Effective use

How effective is your use of the social media platform? How consistent and congruent are your messages, your profile and your online activity?

2 – Your website

Most accountants using social media will include links back to their website.  Your social media activity may be exemplary but your website could be a turn off. Does it reinforce the messages you have been promoting on social media? Does it engage visitors? How easy is it for them to get in touch with YOU (as distinct from a faceless ‘admin’ person)? Does your website even reference your name and profile?

3 – Offline follow up

Just like with any other form of networking, personal contact is crucial. If you are not leveraging your use of social media to meet with people face to face or at least to speak with them on the phone, you will wait longer to secure a valuable ROI.

Agree? Disagree? Are there any other factors that will determine your success of your social media activity?

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How I manage my time on social media each week

How long do you need to spend on social media to build up a decent following, contribute effectively and secure a good level of engagement?

I’m not sure much has changed over the years since I started to use social media in 2006. The answers to those questions depend on your reasons for getting involved and using each of the social media platforms.

Sure, there are some agencies and individuals to whom you can outsource much or all of your social media activity. This MAY make sense for well-known brands but in the main I doubt it’s worthwhile for many professionals.

I am often asked how I manage to spend so much time on social media and whether it’s worthwhile. It’s all a matter of perception and probably takes less of my time than you might think. I am very selective as to which platforms I use and where I engage with people online. My approach works for me. I am realistic as regards what I can achieve on each platform. Social media is not a place to promote and sell your services. It’s simply a new starting point for building relationships that will grow only through direct contact, whether by phone, skype or face to face meetings.

What follows is the fourth summary of my approach that I have posted here. The first was in 2010, the second was in April 2012 and the third was in March 2014.

It is clear to me that the time I spend on social networking sites continues to reduce over time. And the time I do spend online is more focused than ever before. Despite my enthusiasm for social media I still consider it to be over hyped as a marketing tool and widely misunderstood as a communication tool.

As ever the time I spend online each week depends on what’s happening, my work priorities and the meetings I attend. I often find that I am more active online when I am out and about as I tend to check my phone for updates while waiting for people and while commuting.

So how much time do I allocate to social media?

Business online networks

LinkedIn

I believe Linkedin is quite distinct from the social media sites identified below.

Because it is a business online network I spend more time here than on any other such platform. I use it for lead generation across all areas of my business activities. I use Linkedin to look up almost everyone I am due to meet, have met or who contacts me by email or phone. I ask to connect with people and accept connection requests from most people who approach me – once I know why they have done so.

I am not convinced there is enormous value in posting long form blog posts/articles on Linkedin. My efforts in this regard have not proved worthwhile to date. I do however check out the activity on my home page, contribute to relevant discussions in key groups, administer requests to join my groups and monitor all new connection requests and messages most days.

Total time: Around 2 hours a week.

Social Media

Facebook

I have started to use this more than before, largely because I have got to know so many members of the Professional Speaking Association. There is a popular facebook group to which many members contribute. Doing so is a way of helping each other and keeping one’s profile high.

Beyond this most of my use of facebook is related to keeping in touch with old friends I haven’t seen for a while. I still see the site as being largely for fun, family and friends rather than for business generation.

Total time: 15 mins a day plus snatched moments while out and about.

Google+

It’s never grabbed me and recent developments vindicate my longstanding advice to ignore it.

Pinterest and Instagram

I spend no time on either platform. I doubt any of my business prospects are active here or would be likely to engage with me here.

YouTube channel

BookMarkLee – takes no time in a typical week (No change). I am planning to post more videos on line over the coming year. It is more time consuming than I would like but I note that YouTube is an important channel for professional speakers.

Micro-blogging

Twitter

I am now even more focused than I was previously. I still rely on a plugin to my main blog to post a random item every few hours. As there are over 600 posts to choose from this means no repeats for over a month. It also means that I appear active even when I am otherwise engaged. I supplement these posts with links to current blog posts and replies to and RTs of other tweets and links I think will be of interest to my followers (who number well over 6,000 – and more than 10 times the number of people I follow).

Total time: 15 mins a day plus snatched moments while out and about.

Accountancy website

AccountingWeb

As consultant practice editor I write weekly articles and I always seek to engage with those who comment on these. I also check out and comment on other articles and contribute to ‘Any Answers’ every couple of days. Total time (excl paid-for writing): Upto an hour a week

Blogging

WordPress – The STAND OUT blog and my Blog for ambitious accountants

These are the regular blogs I update every week or so – you’re reading one of them now.  Total time: Probably an hour per week to post one or two items and to review and reply to comments.

Blogger – The lighter side of accountancy and tax

My fun blog. I cut and paste ad-hoc items here. I seem to have reduced the time I spend adding posts here. Total time: No more than 10 minutes a week.

Conclusion

It all adds up and of course my online activities are quite well honed now. I’ve been experimenting with many of the above since 2006.

How about you?

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