Social media is all the rage these days. But what does it really deliver?

Ok, I need to come clean. Until recently, I haven’t really gotten my head around the whole “social media for business” thing.

It’s not that I don’t understand what Twitter, FaceBook, YouTube and the rest of the social media gang do. I get it.  It’s just that social media has always seemed to be more of a time consuming distraction than a tool that gives businesses any kind of inside edge.

The light dawned when I was writing our new report about how companies can build Websites optimized around the B2B buying process. In case you don’t know, that’s the 17 step process your biggest customers go through to make a buying decision.

As it turns out, social media plays a huge role in this process – but not where you might think. If you think about the process in three major chunks – make the “long list” – make the “short list” – and make it through the vetting process – social media plays its most important role in part one — making the “long list”.  If you don’t make the cut here, participating in the “short list” and the vetting processes won’t be a problem.

So what roles do social media play in this part of the process? Let me count the ways.

  • Social media will give you visibility with buyers who are blissfully unaware of your company and its products.
  • Lets them tune in to what current customers and the market are saying so they can add you to (or strike you from) the list — and
  • Perhaps as important, social media is the way buyers can monitor your company throughout the decision process. If things go wrong on the social Web, you’re likely to end up on the “short list” cutting room floor.

In other words, social media is all about creating visibility and managing market perceptions when it really counts.

Here’s a short podcast about the complex B2B buying process – and the roles social media – and your Website – play in this process. Think of it as a Cliff’s Notes battle plan to woo and win those big deals.

[powerpress]

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