You’re A Competitor – I’m A Fan

Posted on April 9, 2009. Filed under: Marketing, Social Media | Tags: , , , , , |

Rally Towels

Social Media has brought a lot of new opportunities to build stronger connections with customers. That’s what everyone talks about. How wonderful all this transparency is and how being able to engage with customers will only strenghten the buying relationship. While all of that might or might not be true (a lot of variables involved in that broad statement), what is certainly true is that it is now to get a greater level of transparency into companies than it was before.

Friend or Foe?

More and more companies are including things like a Twitter stream and a Facebook fan page in their marketing communications strategy and while it has always been possible for your competitors to read your sales material, now they can become fan’s too. Why would you choose to do that? What possible benefit is there to you to becoming a fan of a company that is your competitor, especially in a recession when everyone is scrambling for the dollar spend?

Actually there are several reasons to become a fan of your competitors and this is a lesson that brands can learn from watching the behavior of their latest media darlings – bloggers. One of the most common practices of bloggers is to leave comments on the posts of other bloggers, some of these other bloggers are in the same space as they are, they are in essence competitors for readers. So why leave a comment? because it includes a link back to their blog and is an open invitation for readers of that post to take a look at their blog.

Become A Fan

Apply the same philosophy to becoming a fan of your competitor and suddenly you just gained visibility to all of your competitors current fans, some of whom are probaby customers. Now you just provided them with an alternative. On facebook there is no way to control who becomes a fan of your page, unlike friending, there is no request, it is a user based choice to become a fan or not. Now of course, your fans can see who you have become a fan of and that provides your own fans with an alternative doesn’t it? Well they could have found them on their own but now you have found them for them, score one for you and your transparency. Rather than offering them an alternative provider you just proved that you are willing to show them how transparent you are, and after all isn’t that what Social Media is all about?

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