If you missed part 1, don’t worry…you can check it out here 

Well…Mike Lewis, VP of Marketing at Awareness, Inc. asked him a few questions about Socialnomics and what’s been happening with the book since it was first published as well as what it means to live and do business in a Socialnomic society. Erik also shared his advice on the ingredients that go into creating a video with the potential to go viral.  

Take a moment to watch the video with Erik and Mike! There is a hilarious awkward moment at the end you won’t want to miss! 

If you would like to check out Socialnomics for yourself, Awareness, Inc. has partnered with Erik to offer you a free chapter download to get a sneak peak of the latest release of the book – download it here 

I recently wrote about Erik Qualman’s #awarenessinc webinar titled ”Socialnomics: It’s a People-Driven Economy, Stupid.”

Well Erik had so much content to cover during the hour long webinar that he didn’t have time for Q&A at the end. I asked Erik if he would take a moment to answer some of the questions that came through via Twitter and, the nice guy that he is, he graciously agreed to do that for us.

We received many questions and Erik went through and picked out the top three questions that he felt the audience would benefit from the most and provided answers to each. Those top three will also receive a copy of Erik’s book, Socialnomics, provided by Awareness, Inc.

Here you go!

Q:  @woodarml: “Ravelry” Do you think niche social networks are equally impt/worth your time as larger ones like Facebook?

A: Great question.  Some of it depends on what you are selling.  If you are selling Yarn or knitting patterns than Ravelry will be near the top.  For most, it’s analagous to when the search wars were going on.  You’d start with Google and than work your way to Yahoo, MSN, Ask, Excite, Looksmart, etc.  So, always focus on the ones that give you the greatest return and once you think you have a good handle on that go to the next one with the most potential and so forth rather than trying to boil the Ocean all at once.

Q: BuckLLC: How do B2Bs use Twitter effectively? Harder than B2C, yes?

A: A good use of Twitter for B2B is to see and capture insight into your customer’s customer.  Hence, if you are Intel and sell chips to Apple and Dell you will want to know of any issues or benefits the customer is experiencing from your product.  Whatever it is you sell having insight into what pain points and benefits your customer’s customer is experiencing will always make you a more valuable supplier.  This is particular true if your customer isn’t very savvy on social media so they may not even know this type on “intel” is possible.

Q: aharbourne: Quality vs quantity of followers? How targetted/niche should SM activities be? Multiple strategies per segment?

A: It’s all about quality of followers.  Quantity may look good, but if they aren’t active they aren’t going to do anything for your business.  This is similar to e-mail from this standpoint.  Good companies constantly update their e-mail data base to purge inactive accounts rather than “fool” themselves with an inflated number of e-mails.

I had no idea that the Vatican was driving the whole “Religion 2.0″ movement, but after attending Erik Qualman’s #AwarenessInc webinar, ”Socialnomics: It’s a People-Driven Economy, Stupid” the other day, I did. Not only that, I also learned that even the Pope has his own iPhone App!!  Wow….Just like Chris Brogan! Who knew?

Well, Erik’s webinar was not about Religion 2.0. It was about Socialnomics – The way in which we can leverage social media as individuals and for business. If you missed the webinar, no fear. It is available to view at your leisure below along with another video that Erik shared – Social Media ROI: Socialnomics - which offers some great stats on the state of social media now. Of course this will need to be updated often as it is rapidly changing.

There were lots of discussions during the webinar on Twitter using the #AwarenessInc hashtag, some of which I captured below. This could also be due in part to Erik giving away copies of his book to those who were the first to answer his questions correctly.

What are your thoughts on Socialnomics? Join the discussion by adding your comments below or via Twitter using the #AwarenessInc hashtag. 

Video: Social Media ROI: Socialnomics

Webinar: Socialnomics: It’s a People-Driven Economy, Stupid

Image_Marketing: Enjoyed the #awarenessinc webinar yesterday, which showed some mind-blowing stats about the rise of social media http://tinyurl.com/nutlrj

 TonyNaldinho: RT @awarenessinc: Negative comments are an opportunity for brands to reach out to that person, start a discussion and turn things around #awarenessinc

DidrikE: #awarenessinc .. Great video .. Great message .. Great music ! BIG I LIKE !

@SarahTrujillo: Fail forward, fail fast, fail better! #awarenessinc

woodarml: Facebook- baby seat example — reminds me of previous #awarenessinc webinar — “If you suck off line, you're going to suck online”

@rbrt_rothschild: “..its not a Mad Men society where u sit around a conf room for hrs & talk about your brand any longer.” #awarenessinc

mrobin032009: #awarenessinc @equalman Utilize crowdsourcing – Good content doesn't always have to come from within.

@InfoSara: Your customer today can be your competition tomorrow #awarenessinc

johnavola: Social Media: Our customer today can be your competition tomorrow… #awarenessinc

BenReetz: The 4 main components of Social Media Listen, Interact, React, and Sell  #awarenessinc

djwaldow: McDonalds: “Our head of social media is our customer” via @equalman #awarenessinc – I get that, but not really. Ha ha. Help?

jerrycameron: Social Media = Braggadocian Behavior (It’s all about me, me, me) #awarenessinc

@DidrikE I like this – shift to survival of the FASTEST #awarenessinc

@dmarotta: #awarenessinc “whats worse than being talked about?” “not being talked about.”