It seems you can’t make a move today without being reminded of the surge of “social media” outlets. But do these outlets actually help anyone do business?
What about finding cash flow notes?
First off, let’s look at some of the top social media sites in 2010 (in no particular order).
YouTube – Twitter – Flickr – Digg – Facebook – Del.icio.us – Propeller
Reddit – Metacafe – Technorati – StumbleUpon – LinkedIn – Mixx – Slashdot
My Space – Class Mates – LiveJournal – Yahoo 360 – Scribd
Blogger – WordPress – MSN Groups
Wow, where do you start?
There are really over 100 social media sites that have “significant traffic.” But you certainly don’t have the time to check them all out. Here are a couple that we think deserve your attention.
1. LinkedIn – Touted as the “business” option for social media, you can connect with colleagues, clients, and prospects. You can send and receive emails as well as create and join groups. Think business networking groups in an online environment.
2. YouTube – Great venue for sharing videos and a low price (how is free for low?). Be sure to allow people to re-post your video on their site if they want to share.
3. Facebook – Ever since the addition of Fan Pages and Groups, Facebook has become a potential melting pot of information. If you use the “group” function you can also email people (within Facebook) directly. A great way to let them know what you are doing.
4. Twitter – Short messages to a group of “followers.” This venue gives the user and opportunity to add a personal touch. Just don’t go too far – no one cares what you had for lunch. Send out more than 4-6 updates per day and you will probably find your followers start to ditch you – especially if you are doing nothing but selling them.
Although the jury is still out on how many actual deals you can get from social media, there is no question that it will be here for awhile and millions of people are interacting in this venue.
In all cases, you want to be sure that you are delivering useful content, not just a sales pitch (some sites will even have rules against you doing just that). Contribute solid information and you just may find yourself sought out when it comes to buying owner financed notes!