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Welcome to our quarterly journal of financial trends, cultural perspectives, and marketing insights.

Summer 2010

Spring 2010

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Fall 2009

> Trends: Bon appétit!
> Creative: Facebook
vs. LinkedIn
> Perspective: How to
make better decisions
> Digest: Quick hits on
money and marketing
> Update: Industry and
agency news

Summer 2009

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Wickware Quarterly > Fall 2009 > Creative: Facebook vs. LinkedIn

 
CREATIVE /
Facebook vs. LinkedIn


Social media is all the rage, but financial services firms are approaching wi
th caution. What’s the opportunity, what are the risks, and how do you make a good impression? Here’s how two of the most popular sites compare.

 

What is it? The Internet’s leading social
hub and international
repository of embarrassing
office photos.
A business networking site that lets you connect with your colleagues, as well as your colleagues’ colleagues.
Who’s on it? More than 65 million users
from every conceivable demographic—including the mature and affluent.
Professionals from all walks of life, including executives from every Fortune 500 company.
Oh, and Barack Obama.
What’s the
opportunity?
Facebook is a powerful tool
for permission-based and viral marketing. Once a customer becomes a ‘friend’, you have permission to talk to them and
market to them. And, if you provide great content, friends
can send you more friends.
LinkedIn allows you to receive introductions through common acquaintances, but unlike real-life networking, you can also introduce yourself directly to a potential client or employee without worrying about anyone calling security.
How do you make a
good impression?
Treat Facebook like your company’s personal scrapbook. The more content you provide, the more success you’ll have. Facebook works best when
you treat your customers like
actual friends.
Position your company as a leader. Start a group, but instead of making it about your company, make it about a topic you want to ‘own’. Use the group to deliver news and helpful content.
What are the risks? Like virtually all social
networking sites, Facebook
is designed to mine data
and generate revenue. Make
sure you are comfortable
with how the site may store
and use your content and personal data.
A LinkedIn profile can reveal a lot of information, such as name, approximate age, education, and employment history —information that could be dangerous in the wrong hands.
 
Our view
Content is the key to success. The more ideas and dialogue you share, the more
likely Internet searchers are to find you and tell their friends and colleagues about you.
Just be sure to consider the risks, and implement appropriate corporate policies to
manage them. //
 


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