Social Media: Get it or Don’t Get In
Part 3-Sweet Success
I want to wrap up this series of posts on social media with a word about successes found in the social media space…and there are many. It’s important to note that though success might imply completion, in social media there is no completion. Like any relationship, this process is ongoing and while it may have struck a chord with part of the intended audience, there is plenty of audience still getting settled in…still waiting to let these marketers into their confidence. I guess it would be better to say I want to highlight some that are successfully on their way.
I made mention of Zappos and what they are doing with Twitter in my first post. There has been much written about the success they are having with social media. I’m guessing if you were to ask CEO Tony Hsieh if he felt that he was happy with the progress, especially internally with his employees, he’d give you a resounding yes! He is successfully mobilizing his employees as Zappos own army of fans and probably gleaning plenty of ideas and insight that will help him grow his company in the future.
I’d also like to point to Threadless. Highlighted in Inc magazine, this company was doing social before anybody really knew what it was. In short, artists and designers become members of the Threadless network and submit designs to be voted on by fellow members. The winners receive a cash award, now around $2500 plus reprint fees, and the top picks are printed on a limited number of t-shirts and then sold, usually selling out rather quickly. 
Launched in 2000, t-shirt sales surpassed $100,000 by 2002. The user base has grown from around 70,000 in 2004 to well over 700,000 today. In 2006 sales clocked in at $18 million with profits of $6 million. 2007 show growth of 200 percent with similar margins. Only one word describes that kind of success, niiiiiiiice!
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Part 3-Sweet Success" »





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