Beware Social Media Marketing Myths

MySpace, Twitter, and Facebook are all the rage, but for most business owners there are better ways to stay close to customers

Comedian Jim Gaffigan has a suggestion for preparing a Hot Pockets frozen entrée: “Take out of package. Place directly in toilet.” Gaffigan is not a big fan of Hot Pockets. He doesn’t like exercise, either. But he loves bacon. “Without bacon, no one would even know what a water chestnut is,” he says. Gaffigan’s also a fan of social networking sites.

You’ll see him on Facebook, Twitter, and News Corp.’s (NWS) MySpace. He keeps fans up to date on his concerts, albums, TV appearances—and naps. In short, he’s a social networking success story. For a one-man band like Gaffigan, who probably has a decent amount of free time between eating bacon and being on stage, social networks and blogs have proved effective vehicles for marketing his business and staying close to his audience. But for many business owners, social networking is as valuable as a Hot Pocket is nutritious.

We’ve been misled as to the benefits of social networking sites. Many of us are finding that these tools do not live up to the hype, especially for small business. Once we start digging deeper, we’re finding a lot of challenges. Are you thinking of using Facebook, Twitter, or the like in your business? Before you go any further, consider the following myths:

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