Author: Paul Segreto

Passionate About Fueling Entrepreneurial Spirit; Entrepreneurship Coaching; Management & Development Advisory & Consulting; Franchises, Restaurants, Service Businesses; Thought Leader, Influencer, Content Creator & Author.

Optimizing Your Social Networking Presence

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Whether you’re establishing your presence on Facebook, LinkedIn or any of the other social networking sites, it’s important to get the most out of your experience for it to be effective in your marketing efforts. Basically, it’s important to optimize your social networking presence. In the book, The New Rules of Marketing & PR, the author, David Meerman Scott, detailed how to get the most out of social networking sites for marketing with the following suggestions:

Target a Specific Audience – Create a page that reaches an audience that is important to your organization. It is important to be thinking about a small niche market.

Be a Thought Leader – Provide valuable and interesting information that people want to check out. It is better to show your expertise or at solving problems than to blabber on about your product or company.

Be Authentic and Transparent – Don’t try to impersonate someone else. It is sleazy and could do irreparable harm to your company and to your reputation.

Create Lots of Links – Link up to your own sites and blogs, and those of others in your industry and network!

Encourage People to Contact You – Make it easy for people to reach you online, and be sure to follow up personally on your fan mail.

Participate – Create groups and participate in online discussions. Become an online leader and organizer.

Make it Easy to Find You – Tag your pages and add your pages into the subject directories. Encourage others to bookmark your pages.

Experiment – These sites are great because you can try new things. If it isn’t working, tweak it, or try something new.


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Making the Case for Social Media Policies in Franchising

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Yesterday, within the IFA Group on LinkedIn, a discussion entitled Why You Don’t Need A Social Media Policy was started regarding social media policies within franchising. Of course, I was compelled to chime in…

It is my position that franchisors would be negligent and irresponsible not to have a social media policy in place. At the very least, they should be working towards one. I could go on about protecting the trademark, system development, etc but with everyone’s experience and understanding of franchise best practices in this group, I’ll just focus on social media for now.

While I do agree “local” is where it’s at, it is still communications, marketing, pr, messages that are being put out there on socail media and just as franchises have established policies, procedures, guidelines, processes, etc for operations, marketing, advertising, etc, it is imperative the same be done for social media.

I’ve spent most of the morning trying to find any article, blog, comment taking the position of not having a social media policy within franchising. I have not found one. But, I have found many franchise professionals that have written and posted about the necessity of having social media polciies within franchising. So, if you don’t agree with my position, allow me to direct you to links from several franchise professionals that feel it is best practice to develop social media policies for franchise brands.

http://blog.wsidigitalmarketing.com/index.php/social-media/do-we-need-a-social-media-policy/

http://www.allbusiness.com/company-activities-management/company-structures/14292073-1.html

http://www.franchise.org/Franchise-Industry-News-Detail.aspx?id=50532

http://www.expansionexperts.com/blog/tag/social-media/

By the way, I don’t believe social media policies should be one-size-fits-all just as I believe a social media program should not be cookie-cutter. To arbitrarily state that all franchisees should have a facebook account and / or a twitter account is not a good or well-thought out recommendation. Determining what social media to effectively use within a franchise system is a process in and of itself. The key word here is “effectively.”

Being effective within social media takes planning. It takes identifying targets and where they congregate and communicate online. It takes determining financial and human resources to engage, monitor and manage the chosen social media platforms. It takes an understanding of the objectives to utilize social media and to have clear, concise expectations. In essence, it takes a strategy to develop, a plan to execute and results to analyze.

Once this phase is complete, a social media toolkit should be developed, franchisees (and franchisor personnel) should be trained, and the program launched. Anything less, in my opinion and from my perspective is less than best practices within franchising.

Franchising is all about uniformity and consistency from one location to another. It’s about systems that provide the foundation to uniformity and consistency. And, it’s about the policies and procedures that ensure that uniformity and consistency that makes franchising successful… And, I don’t believe that’s just my opinion!


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Integrated Franchise Marketing For Franchise Success At All Levels

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Integrated Franchise Marketing (IFM) is a term we use at franchisEssentials to describe a comprehensive approach to achieving multiple goals and objectives within start-up, emerging and mature franchise organizations. IFM directs its focus on creating or improving brand awareness for the franchise organization at local, regional and national levels, driving revenue for franchisees, and generating genuine interest in the franchise concept itself.

The key to IFM is the development of a comprehensive marketing strategy that benefits the entire franchise organization, and is in line with the goals and objectives of all parties to the franchise agreement. It includes coordination at all levels to deliver concise, consistent messages that ultimately ensures positive results at franchisee and franchisor levels including:

Franchisee Level

* Local brand awareness
* Increased sales
* Improved communications with corporate office
* Improved communications with fellow franchisees
* Improved profitability
* Increased business value

Franchisor Level

* Regional & National brand awareness
* Increased royalty revenue
* Improved communications with franchisees
* Improved franchisee validation
* Increased interest in franchise concept
* Improved profitability

IFM works within traditional marketing methods and processes through and in conjunction with a very wide spectrum of non-traditional marketing and today’s unique, innovative tools and technology including the many aspects of social media, mobile, and email marketing. In addition, IFM encourages a cohesive, team effort at all levels of the franchise organization through information sharing and process awareness, enhanced by a solid educational approach.

As we are at the halfway point in 2010, and understanding that making things happen in the third quarter is crucial to overall success for the year, there’s no time like the present to develop and implement a plan that will help all within your franchise organization achieve their goals and objectives.

For more information about utilizing Integrated Franchise Marketing (IFM) within your franchise organization please contact Paul Segreto by email or by phone at 832.838.4822.


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3rd Quarter is Key for 2010 Success!

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What happened to the first half of 2010? July 1st started the 3rd Quarter. In football, this quarter is key to the outcome of the game. In business, it’s no different.

Corrections must be made on problems and challenges from the first half. Improvements must be made on things that were headed in the right direction, but not quite as effective as you’d like. And, significant changes must be made if the game plan just isn’t working (be sure to look at execution of plan as well).

So, whether you’re building upon that first half lead or playing catch-up, NOW is the time to kick things into high gear to achieve your goals and objectives in 2010. Waiting for late in the 3rd Quarter or at the start of the 4th Quarter may be just too late…

What challenges did you face in the first half of 2010? And, what measures are you implementing to overcome those challenges in the second half of 2010?

On the other hand, if you’re on target, will you stay the course and in essence, not rock the boat? Or, will you implement some changes to build upon first half success?


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What is Your Social Media Marketing Strategy?

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The following was my response to a business executive that posted the following discussion on LinkedIn in a non-franchise group:

How are you and your business using social media to drive business and gain awareness? With the social media landscape becoming increasingly fragmented and complicated, how are you managing to gain the most from this medium?

“All of my clients are within the franchise industry which is a more difficult environment in which to effectively utilize social media because there are different elements to the relationship between franchisor, franchisee and customer as opposed to just B2B or B2C. That being said, it can and is being done quite effectively. However, it takes a very concentrated focus, or as I fondly describe as [E-IDEA], the acronym for franchisEssentials five step process to social media success:

social media types1. Exploring different aspects of Social Media, including Social Networking and key Web 2.0 technology that creates excitement and brand awareness within your industry segment.
2. Identifying primary and secondary targets – Who will be targeted to purchase and/or visit your franchise locations? How deep do the target groups go and are there collateral groups that can be tapped?
3. Developing a Strategy and Plan of Action – Customized to specific targets in accordance with franchise development goals and objectives?
4. Executing the Plan – Putting the plan in motion including monitoring, managing the process including new content and updates. Keep it fresh!
5. Analyzing & Quantifying the Results – Is it working? Do you continue straight ahead or repeat the process from the beginning? What are actual results in franchise sales and system revenue?

Yes, there are many aspects of social media and more being added every day. That doesn’t mean it’s being fragmented. Instead, it’s providing more tools in which to cross-reference and link together. Unlike traditional marketing that is more or less a straight line, social media marketing, used most effectively, is a cross-platform, multi-tiered strategy that uses multiple Web 2.0 tools to cross in front of the targeted audience multiple times and from different directions.

It’s akin to the businesses with limited marketing budgets that only advertise on TV once or twice a month, at one specific time but on multiple channels simultaneously. Then, when the consumer changes the channel upon seeing the commercial, again and again, the perception is “this business is everywhere and must be spending a fortune on advertising. Therefore, it must be good.”

Unfortunately, social media marketing is not a one-size-fits-all strategy. The strategy must conform to the organization’s goals and objectives and must target the appropriate audience by the appropriate means (Web 2.0 tools). For instance, if the target is young adults age 15-18, MySpace would be an essential component of your strategy. Couple that with a lot of video and audio, as this age group gets bored very easily.

On the other hand, if the targets are businesses in the insurance industry, your strategy might include developing a blog for industry professionals and then linking the same through LinkedIn to insurance groups. Simultaneously, you may develop a Facebook page to refer interested parties to visit and/or join.

A key factor in an effective social media strategy is to be sure to integrate the same with your traditional marketing. As an example, if your company frequently uses direct mail, be sure to include the company’s various social network links, blog links, etc. In a B2B environment, do the same with your blast email campaigns. And, in a corporate environment where you may be attempting to attract a consulting client, personalize your traditional strategy with social network interaction and enhance it with video and audio messages.”

Now that you have read this article, I’ll ask you straight up, “What is your social media marketing strategy?”


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Female Franchise Candidates: The Smart Choice For Growing Your Brand?

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I just finished reading an interesting article about female entrepreneurs. It made me wonder how many franchisors have specifically targeted female entrepreneurs as franchise candidates. Even those “man-in-a-van” franchises could probably benefit by an influx of female franchisees. Maybe a paradigm shift is in order? It’s an interesting proposition to ponder.

Just recently, on Franchise Today, I had a conversation with Leslie Curran, Franchise Attorney and Partner at Plave Koch. As part of our time together, Leslie provided some insight on the Women’s Franchise Network. Of course, this group is mostly comprised of female franchise professionals within the upper ranks of franchise organizations, or at firms providing services to franchisors. A fabulous wealth of talent for sure.

I’m guessing there are female franchisees within the group. But most likely that number is relatively low. I wonder what the discussions would entail at a Women’s FRANCHISEE Network meeting? I envision discussions about improving systems and processes, as opposed to rants and raves about lack of support and other “blame it on the franchisor” issues as is typical in many predominantly male franchisee meetings. I know that may not be fair to say, but I can only go by what I’ve witnessed over the years.

As we know, the foundation of franchising is built upon relationships. And, what gender is better at relationships? Male or Female? No doubt, female. And, what gender pays more attention to detail? I cast my vote for female all the way. And, what gender is more apt to communicate and share information? Well, it’s unanimous, female once again.

So, are female franchise candidates the smart choice for growing your brand? Or, maybe, it should be the obvious choice.

What We Can Learn From Female Entrepreneurs
By: Jill Brown on Entrepreneurs Mindset

Our latest recession created a revolution led by female entrepreneurs ready for a new beginning. According to the latest polls half of all businesses are owned by women and contribute roughly $3 trillion to our Female Entrepreneurs economy; a complete turn around from yesteryear.

Female Entrepreneurs were always held back from the business arena by stumbling blocks including sexual discrimination for being female. The negative images from the “old boy’s network” of overly emotional stressed out mommy’s wanting to “play business mogul” was always a major contributor to mental bombshells that attacked success.

Women were not given the same opportunities or access as men. But women learned how to cultivate positive images and turn those negative stumbling blocks into stepping stones.

The female entrepreneur learned early on that it was far more difficult to obtain funding as in bank loans than it was for a man. While a women’s business plan was just as good as any man’s business model, men seemed to have a more personal closer relationship with banks. But in the end, women are less eager to give up their vision and think their way into winning.

The future female entrepreneur learned the super conscious secret – to believe and achieve. Whatever your mind believes you can achieve. Women used it passionately to empower and eliminate negative mindsets. Female entrepreneurs tap into intuition and allow it to work for us. And female entrepreneurs have a different take on building a business.

Women can blend easier than a man; aspiring to balance their family life, leisure, and business, but the most important motive for both is the start of their own new enterprise.

Women are more motivated by the outlook of more flexibility and equilibrium between family, work, and leisure whereas men are motivated more by the aspiration of becoming an entrepreneur and escaping slaving for others.

Female entrepreneurs work smarter not harder when it comes to building a business. Not to say they are not challenged but they are in tuned to seek out technology and innovative ways to balance their lives and manage their time.

When it comes to creating new enterprise women’s goals differ from men’s. The fact that by starting their own business they attain a higher position for themselves and their family is less important to women than to men.

In general, female entrepreneurs know that they are responsible for where they are going; women have that positive action to conquer in the midst of adversity – meet it, greet it and defeat it.

While many of us still hold self-limiting fears and surrender to the dictates of others there are many up and coming female entrepreneurs that dare to be different and can visualize the success.


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Winners or Losers: Choices Are Made Everyday

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Winners and LosersThe Winner is always part of the answer; The Loser is always part of the problem.

The Winner always has a program; The Loser always has an excuse.

The Winner says, “Let me do it for you”; The Loser says, “That is not my job.”

The Winner sees an answer for every problem; The Loser sees a problem for every answer.

The Winner says,” It may be difficult but it is possible”; The Loser says,” It may be possible but it is too difficult.”

When a Winner makes a mistake, they say,” I was wrong”; When a Loser makes a mistake, they say,” It wasn’t my fault.”

A Winner makes commitments; A Loser makes promises.

Winners have dreams; Losers have schemes.

Winners say,” I must do something”; Losers say, “Something must be done.”

Winners are a part of the team; Losers are apart from the team.

Winners see the gain; Losers see the pain.

Winners see possibilities; Losers see problems.

Winners believe in win/win; Losers believe for them to win someone has to lose.

Winners see the potential; Losers see the past.

Winners are like a thermostat; Losers are like thermometers.

Winners choose what they say; Losers say what they choose.

Winners use hard arguments, but soft words; Losers use soft arguments, but hard words.

Winners stand firm on values, but compromise on petty things; Losers stand firm on petty things, but compromise on values.

Winners follow the philosophy of empathy: “Don’t do to others what you would not want them to do to you”; Losers follow the philosophy, “Do it to others before they do it to you.”

Winners make it happen; Losers let it happen.

~ Author Unknown.

Originally posted on franchisEssentials August 2009


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Rules of Engagement within the Social Web

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Recently, I posted, With Social Media Comes Great Responsibility, which included text from Brian Solis‘ new book, Engage! Solis talks about establishing guidelines before jumping blindly into social media. In essence, a plan of action must be developed before taking the plunge.

Today, I will take establishing guidelines a step further, and refer to Solis’ Rules of Engagement. In the We Are Champions section of Engage!, Brian lists 23 suggested rules of engagement that when defined, and in conjunction with establishing policies and procedures, will “help shape proactive and reactive dialogues to benefit the business, brand, customer, peers, and prospects.” But, so as not to cause any confusion, he does puts a fine point on this in stating that these rules are “not the same as implementing and managing rules of conduct.”

Rules of Engagement
from Engage! by Brian Solis
Chapter 17 – Pgs 201-202

1. Unveil the communities of influence and discover their choices, challenges, impressions, and wants.

2. Participate where your presence is advantageous and mandatory; don’t just participate everywhere and anywhere.

3. Consistently create, contribute to, and reinforce service and value.

4. Concentrate participation where it will offer the greatest rewards for both sides.

5. Assess pain points, frustrations, and also expressions of contentment to establish emotional connections.

6. Determine the brand identity, character, and personality you wish to portray – and match to the individual persona who’s in front of it when online.

7. Adapt predefined personalities with the voice of the community in which you engage.

8. Observe the behavioral cultures within each network and adjust your outreach accordingly.

9. Become a true participant in each community you wish to galvanize.

10. Don’t speak at audiences through messages.

11. Dig deeper to connect what transpires in the Social Web to your business objectives.

12. Learn from each engagement.

13. Ensure that any external activities are supported by a comprehensive infrastructure to address situations and adapt to market conditions and demands.

14. Establish a point of contact who is ultimately responsible for identifying, trafficking, or responding to all things that can affect brand perception.

15. Act, don’t just listen and placate – do something.

16. Earn connections through collaboration.

17. Empower advocacy.

18. Embody the attributes you wish to portray and instill.

19. Don’t get lost in conversation or translation; ensure your involvement strategically maps to objectives specifically created for the Social web.

20. Establish and nurture beneficial relationships online and in the real world as long as public perception and action is important to your business.

21. “Un-” campaign programs and ensure they’re part of a day-to-day cause.

22. “Unmarket” by offering solutions and becoming a resource to your communities.

23. Give back, reciprocate, acknowledge, add value, and contribute where it makes sense.


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Is The Internet Super Highway Destined to Become a Toll Road?

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Could the the flow of traffic on the internet frequently slow down or come to a stop like traffic on I-95 during rush hour? Will the internet continue to be a free digital highway or will it turn into a turnpike of sorts, complete with tolls and speed limits? What’s next, internet troopers giving out speeding tickets? To learn more I suggest you read the following article and keep an eye on the mighty Federal Trade Commission Board, consisting of only five people, that is the ultimate decision-maker. However, I cringe at the thought that just three decision-makers (majority vote) can control the future of internet traffic. God, I hope they value the internet as much as I do…

FCC at Crossroads of Internet’s Future
By David Hendricks, San Antonio Express-News

When a federal appeals court in Washington ruled last month that the Federal Communications Commission lacked the authority to regulate Internet networks, many operators thought at first it was great news.

The networks could continue to grow in size, flexibility and applications as fast as they had the past 15 years or so without government interference.

Then the networks realized the court ruling could backfire. The FCC has the option to reclassify Internet networks. The agency could declare the networks a public utility and then regulate them with rules similar to landline telephone services.

All it would take is a majority decision of the five-member FCC board.

If you care about the future of Internet speeds and accessibility, then you should watch what the FCC does next.

The FCC wants to stick to a good, but ultimately harmful, goal called net neutrality. Net neutrality calls for equal access to all websites, which restricts network operators, such as AT&T Inc. and cable companies, from favoring some website traffic over others with better access.

Large-traffic websites such as Google, eBay and YouTube favor net neutrality. They pay the same low rate for Internet network access as the smallest users.

The FCC tried to stick to the net neutrality concept with a hands-off approach. The agency two years ago, however, slapped sanctions on Comcast after the cable giant slowed traffic to BitTorrent, a file-sharing site that used a vast amount of broadband capacity at the expense of other Internet users.

The federal appeals court said March 6 the FCC never gave itself the authority to issue sanctions.

Now the network operators fear the FCC will give itself the authority. They have a solid concern.

READ MORE HERE


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