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Consumers Think ROI Too

We’ve all been consumers, we’ve all bought something or used some item at one point in time. What was your ROI for that “thing”? I bet you, that you never really thought of it for a small item or a common place thing you use often and plentifully.

The problem is that Marketers, Accountants, and Financial Managers are all concerned about ROI. It’s always been a debate with social media, it will continue to be until the tools to monitor and analyze direct ROI become more accessible and efficient. Every one wants to know, what are we getting back from our money, but we business people are not the only ones worried about the ROI of our social and online marketing efforts.

Give the people a way to get ROI from what you build.

It’s an interesting way to think about the ROI of a consumer for your efforts. We business people have ours, but the clients look for an entirely different perspective. They want your Twitter to be a stream of intelligent and intelligible content, relevant to your business and relevant to the type of followers. Facebook should be an expansion and an easy way to get connected, talk back (in a good way) to them, and share longer information that can’t be done in 140 characters on Twitter.

More importantly, your website should definitely be easy to navigate, and have a very natural feel to the way it works and is laid out. These simple factors matter to the people who approach the tools you use to engage them because it’s their time on the line too. They want to know the information you’re giving in a high-quality, quick, and easy. Time and Knowledge are the two biggest returns for consumers online. If you can give those two aspects directly back to all your readers and people you engage with on an every day basis, you will be a bright shining star in their book.

Next time you develop something for your clients, think about their time and their return on investment with your product. Are they getting back what they expect, and more?! Give back to them too.

Define Your Culture

Every business has it’s own culture. Whether it’s one that is relaxed and liberating where it doesn’t feel constricting going into the office every day or maybe not having to go into the office at all. One way or another the culture of a business is the business.

Know What’s Ahead

According to the IBM 2010 Global CEO Study,

Eight in ten CEOs expect their environment to grow significantly more complex but only 49 percent believe their organizations are equipped to deal with it successfully – the largest leadership challenge identified in eight years of research.

While being one of the most difficult things to predict in today’s business world, the expectation of growth and the understand of the direction in which it’s heading matters just as much as understanding the culture of a business in itself. More importantly is embracing the changes that occur every day. Listening to employees, accepting feedback and changing the aspects of your culture will lead to better employees and better clients.

Understanding your employees is a factor that is as strong as the culture, and in fact is your culture. Every person inside your company is an integral part, know who you’re working with, hire people that might not necessarily be the top pick as far as their individual job, but help to define the future of your company and where you will go as part of that culture.

Value Time

Time whether in the long run or the short run should always be beneficial to you, your employees, or your employer. Knowing that everything has its commitments really focus on what needs to be done. As an employer though, much more productivity (and creativity) has been shown to occur when the people are given the opportunity to take matters into their own hands. Give employees the chance to do something they love, do something they want to do for themselves, and see where it takes the company.

Valuing time isn’t just a part of the company, but it’s a part of the lives of the people who work for that company. If things are going well, hell, give people some time to go home early to their kids and spouse. Time value shouldn’t just be taken for the money that could have been made, letting employees know that you care about them and their families. That’s Culture.

Defining your culture is a part of many, many aspects, it’s the way you treat people, the way you grow and the way you engage your customers.

What defines your culture?

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