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Average rating: 4/5

Based on 5 ratings

Socialnomics: How social media transforms the way we live and do business

by Erik Qualman

John Wiley & Sons | August 5, 2009 | Hardcover

A fascinating, research-based look at the impact of social media on businesses and consumers around the world, and what''s in store for the future

Social Media. You''ve heard the term, even if you don''t use the tools. But just how big has social media become? Social media has officially surpassed pornography as the top activity on the Internet. People would rather give up their e-mail than their social network. It is so powerful that it is causing a macro shift in the way we live and conduct business. Socialnomics charts this shift from the forefront.

Brands can now be strengthened or destroyed by the use of social media. Online networking sites are being used as giant, free focus groups. Advertising is less effective at influencing consumers than the opinions of their peers. If you aren''t using social media in your business strategy, you are already behind your competition.

  • Explores how the concept of "Socialnomics" is changing the way businesses produce, market, and sell, eliminating inefficient marketing and middlemen, and making products easier and cheaper for consumers to obtain
  • Learn how successful businesses are connecting with consumers like never before via Twitter, Facebook, YouTube, and other social media sites
  • A must-read for anyone wanting to learn about, and harness the power of social media, rather than be squashed by it
  • Author Erik Qualman is a former online marketer for several Top 100 brands and the current Global Vice President of Online Marketing for the world''s largest private education firm

Socialnomics is an essential book for anyone who wants to understand the implications of social media, and how businesses can tap the power of social media to increase their sales, cut their marketing costs, and reach consumers directly.

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  • Canadianladybug's Review
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I was first introduced to this title when I started my course Introduction to Social Media which is part of the Social Media certificate at a college in town. It was a recommended reading for the course and I thought it would be a wonderful opportunity to review it. So I took upon me to contact the author and ask if I could review his book. He immediately agreed and proceed to contact his publisher so I can received a copy of the book. It took a while to receive my book but eventually I did. For some reasons, there was delivery issues. Weird. But it happens… But I got the book and I read it avidly the past few weeks.

I have discovered more about the power of social media while reading this book. Social media is here to stay. Plain and simple. We need to learn to live with it and be willing to expand our experience with it. More than three years ago, I didn't know anything about the world of social media. Then I got introduced to blogging, facebooking, twittering and so on… This year, I have expanded my knowledge with delicious, linkedIn and many more venues in the social media world. I suspect that I will continue to learn about it as this are of marketing is continuing to grow by leaps and bounds.

I have already applied some information that I have gleaned in this book already. For example, in chapter seven, the author strongly suggest that you applied the You Follow, I Follow rule on twitter. I was wondering how this could change my twitter account - @canadianladybug. So in the past two weeks, I am more dedicated in applying this formula and guess what… my followers are climbing slowly and steadily since then. Interesting isn't it?

The book contains a variety of example on how social media has impacted companies and even elections in the US in the past years. I was amazed on how it can be applied in a variety of ways in our daily lives. Recently, Canada has gone through elections which came to an end this past Monday, May 2nd. I learned during the campaign that Elections Canada wasn't considering using the social media platform whatsoever until many years from now. I find this sad since it was widely used in the US a few years ago and with success apparently from what I have read in the book. To be honest, I am still surprised to get negative answers and or no answers at all to request I have send to companies. You would think that with the popularity of mom bloggers and the quality of post on various products companies would jump in the bandwagon for this free advertising opportunities. Mind you I can understand that some companies are limited in their possibilities to go through a social media experience. Still I think more business owners, marketing managers and bloggers should read this book so that they can be more open minded on the power of social media.

At the end of each chapters, you will also have key points to remember. Also included in the book is a social media rolodex where you can discover the leaders in social media. Personally, I would also be interested in having questions to help me evaluate and think about the next step to take as a business. Maybe this could be incorporated in the next edition of the book…

As I said social media is here to stay. How you plan to use it in your life and/or business is up to you. But reading the book socialnomics will give you insights on how you can apply it.

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