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Why You Need Social Media To Improve Your Accounting Business: An Introduction GSCPA 2010 Contact Information: (617)-PATRICK www.617-patrick.com [email protected] Twitter: @617patrick

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Page 1: Why You Need Social Media To Improve Your Accounting ... · Improve Your Accounting Business: An Introduction GSCPA 2010 Contact Information: (617)-PATRICK pat@617-patrick.com Twitter:

Why You Need Social Media To Improve Your Accounting Business:

An Introduction

GSCPA 2010Contact Information:

(617)[email protected]: @617patrick

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Introduction (Part 1)

• Thanks• Handouts, “college style”

– http://www.617-PATRICK.com/gscpa.html

• Joke – substitute teacher in Russia

Copyright 2010 617-PATRICK Social Media Training

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Goals/Objectives

• You will learn more about – LinkedIn (40%)– YouTube (15%)– Facebook (10%)– Twitter (25%)

• Amber Alert – great Twitter story

– Others (10%)• Blogging• Google Advertising

Copyright 2010 617-PATRICK Social Media Training

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4Copyright 2010 617-PATRICK Social Media Training

Problems 20 Years Ago…

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5Copyright 2010 617-PATRICK Social Media Training

Business Problems 20 Years Ago

• Want something?– Who do I know that …

• Business cards– People move…– Can’t be searched

• Advertising – expensive– TV commercials

• Word of mouth

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6Copyright 2010 617-PATRICK Social Media Training

LinkedIn

• Scale of 1-10– 10 is expert– 1 never used it

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What Is LinkedIn?

• Web site– Profiles– Database of connections

• Rolodex• You invite others or they invite you

Copyright 2010 617-PATRICK Social Media Training

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LinkedIn

• Profile

Copyright 2010 617-PATRICK Social Media Training

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LinkedIn

• Friends are ”connections”

• Rolodex that updates when people move

Copyright 2010 617-PATRICK Social Media Training

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Strategies For Using LinkedIn?

1. Rolodex that gets updated when people move

2. Powerful research tool3. “Friends of friends” network4. More …

Copyright 2010 617-PATRICK Social Media Training

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LinkedIn Strategy #1

1. Rolodex that gets updated when people move

• Maintain relationships 2. Powerful research tool3. “Friends of friends” network4. More …

Copyright 2010 617-PATRICK Social Media Training

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LinkedIn Strategy #1

• Deb Lavoie

Copyright 2010 617-PATRICK Social Media Training

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LinkedIn Strategy #2

1. Rolodex that gets updated when people move

2. Powerful research tool3. “Friends of friends” network4. More …

Copyright 2010 617-PATRICK Social Media Training

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LinkedIn Strategy #2

• Research tool for– Finding business

• CFOs • VP of Sales• your target market

– Passively having business find you• Having a good profile

– Ironically, search is hidden

Copyright 2010 617-PATRICK Social Media Training

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Details In Part 2

• If you care…• Example

– Chief Financial Officer

Copyright 2010 617-PATRICK Social Media Training

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LinkedIn Advanced Search

Copyright 2010 617-PATRICK Social Media Training

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Homework - Search People

• You can search LinkedIn profiles• “People” in upper right should say “Search

Profiles”– By name – By company, position, skill

• http://www.the-linkedin-speaker.com/blog/2009/05/04/linkedin-training-tip-search-people-search-profiles/

Copyright 2010 617-PATRICK Social Media Training

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LinkedIn Strategy #3

1. Rolodex that gets updated when people move

2. Powerful research tool3. “Friends of friends” network4. More …

Copyright 2010 617-PATRICK Social Media Training

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Friends = LinkedIn “Connections”

Copyright 2010 617-PATRICK Social Media Training

You

Patrick O’MalleySocial Media Speaker

Northern LightZiff

Univ Of MassCornell

Selfish view of LinkedIn

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Friends = LinkedIn “Connections”

Copyright 2010 617-PATRICK Social Media Training

You

1st Level Connections

“Rolodex” view of LinkedIn

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Friends = LinkedIn “Connections”

Copyright 2010 617-PATRICK Social Media Training

You

1st Level Connections

2nd Level Connections

CEO, Death Star

Pilot

Attorney

Hitman

Soup Nazi, New York

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Friends = LinkedIn “Connections”

Copyright 2010 617-PATRICK Social Media Training

You

1st Level Connections

2nd Level Connections

CEO, Death Star

Pilot

Attorney

Hitman

Soup Nazi, New York

200 40,000

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Friends = LinkedIn “Connections”

Copyright 2010 617-PATRICK Social Media Training

You

1st Level Connections

2nd Level Connections

VP of Sales at EMC

CFO at CNN

200 40,000

Accountant, Oracle

Accountant, 401K Rollover expert

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Advanced LinkedIn

• You can only see 1st, 2nd, and 3rd

level connections– Avoid paying LinkedIn $25

• http://www.the-linkedin-speaker.com/blog/2010/02/02/linkedin-expert-tip-find-out-of-network-without-paying-25-dollars/

Copyright 2010 617-PATRICK Social Media Training

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Who Would You Connect To?

Copyright 2010 617-PATRICK Social Media Training

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Who Would You Connect To?

• Who would you connect to?– Former workers– College roommates, friends, social club members,

teammates– High school friends– Neighborhood groups– Parent groups– Military friends– Childhood friends, i.e. Cub Scout, Girl Scout, Baseball,

Gymnastics, …– People you met at conventions– Relatives– Others

Copyright 2010 617-PATRICK Social Media Training

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Miscellaneous LinkedIn Features

• Questions & Answers– Show potential clients your expertise

• Recommendations • Groups

– Yours– Your customers

• Lots more…

Copyright 2010 617-PATRICK Social Media Training

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Advanced “Pat Tricks”

• Profile Tips– How many know how to spell your last name?

• http://www.the-linkedin-speaker.com/blog/2009/01/27/missing-linkedin-tip-%e2%80%93-misspell-your-last-name-in-your-linkedin-profile/

– Search for CFO and Chief Financial Officer isn’t the same

Copyright 2010 617-PATRICK Social Media Training

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Advanced “Pat Tricks”

• Professional Headline – not title– 10-15 word marketing slogan– Things to include?

• Job – What you do, flavored

• Company • City

– Choice • “Accountant, Patrick O’Malley and Associates”• “Tax accountant at the best CPA firm in Smyrna, GA”

– http://www.the-linkedin-speaker.com/blog/2009/05/07/linkedin-training-tip-professional-headline-should-be-a-marketing-phrase-not-your-job-title/

Copyright 2010 617-PATRICK Social Media Training

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33Copyright 2010 617-PATRICK Social Media Training

LinkedIn Q & A – Details

• Top navigation• More…

• Answers• Can do search for hotel questions, Boston

questions

• “Advertise” your expertise• Get business

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35Copyright 2010 617-PATRICK Social Media Training

LinkedIn Q & A

• You can become a recognized expert

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LinkedIn - A Bad Name

• What do you need?• You are

– looking for knowledge– relevant information– fast

Copyright 2010 617-PATRICK Social Media Training

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Should have called it …P

A

T

R

I

C

K

Copyright 2010 617-PATRICK Social Media Training

rompt

ccess

o

elevant

nformation

ontaining

nowledge

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LinkedIn To Get More Clients

• Historical methodology– Referrals – Word of mouth

• LinkedIn– Make sure your profile can be found– Maybe search for the connections of your

best clients

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Conclusion - LinkedIn

• Linkedin– Powerful research tool

• find someone to help you

– “Friends of friends” network• Who do I know …

– Rolodex• Bye, bye business cards

– Build your network– More…

• Answer questions in Q&A

• Looking for clients? Looking to hire?

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Whoah…

• Too fast?• Too slow?• Too loud?• Too soft?• Missing anything?

Copyright 2010 617-PATRICK Social Media Training

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Introduction (Part 2)

• Seen a sample• Pace of presentation• Handful of questions• Email addresses or business cards• Behind curve?• Show what you can do with social media

Copyright 2010 617-PATRICK Social Media Training

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My Bio

• I do speeches and consulting on – Social Media

• LinkedIn, Facebook, Twitter, YouTube, …

– Google ranking (SEO & PPC)

• VP of Operations for search engine that was tied with Google in 2000

• I do NOT work for LinkedIn, Twitter, etc

Copyright 2010 617-PATRICK Social Media Training

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You

• Accountants– CPAs– Independent?– For companies?– CFOs?

• Any specific things??

Copyright 2010 617-PATRICK Social Media Training

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YouTube

Copyright 2010 617-PATRICK Social Media Training

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YouTube

Copyright 2010 617-PATRICK Social Media Training

• Scale of 1-10– 10 is expert– 1 never used it

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YouTube

• A picture says a thousand words…• Make a “TV commercial”• Free

Copyright 2010 617-PATRICK Social Media Training

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YouTube Technical

• Can be “embedded” on your web page– Code is to the right of the video at YouTube

Copyright 2010 617-PATRICK Social Media Training

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Embedded Video

Copyright 2010 617-PATRICK Social Media Training

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Who is…

Copyright 2010 617-PATRICK Social Media Training

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YouTube – Conclusions

• Videos– 30 second to 5 minute “TV commercials”

• Testimonials• Sample tax tips or Quickbooks tips

• Mistake everyone makes …

Copyright 2010 617-PATRICK Social Media Training

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20 Years Ago, You Wished…

• Free TV commercials• Show your product• Pass word of mouth

Copyright 2010 617-PATRICK Social Media Training

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Whoah…

• Too fast?• Too slow?• Too loud?• Too soft?• Missing anything?

Copyright 2010 617-PATRICK Social Media Training

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53Copyright 2010 617-PATRICK Social Media Training

Facebook

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54Copyright 2010 617-PATRICK Social Media Training

Facebook

• Scale of 1-10– 10 is expert– 1 never used it

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55Copyright 2010 617-PATRICK Social Media Training

Advanced Facebook

• Promoting your business– Facebook advertising

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58Copyright 2010 617-PATRICK Social Media Training

Facebook – Bad Name

• Made up by a college kid to be used by other college kids

• Used it for– Pictures – Sharing stories

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59Copyright 2010 617-PATRICK Social Media Training

Should have called it…

P

A

T

R

I

C

K

ictures

nd

ales

eally

nspiring

ollege

ids

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Whoah…

• Too fast?• Too slow?• Too loud?• Too soft?• Missing anything?• Having a good time?

Copyright 2010 617-PATRICK Social Media Training

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Blogging

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Blogging

• “Weblog”• Like a newspaper article, diary, essay

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Blogging

• Google loves them• Put blog on your website

– Wordpress– Get SEO all in One plug in

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Twitter

Copyright 2010 617-PATRICK Social Media Training

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65Copyright 2010 617-PATRICK Social Media Training

Twitter

• Scale of 1-10– 10 is expert– 1 never used it

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Twitter

• “Micro-blogging”– 140 character messages, called “tweets”– Junk

• Like Facebook “status updates”• You “follow” people

Copyright 2010 617-PATRICK Social Media Training

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Twitter Search

• search.twitter.com– Look for keywords that your customers would

say

Copyright 2010 617-PATRICK Social Media Training

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Twitter Search

• What might your target prospects be saying?

Copyright 2010 617-PATRICK Social Media Training

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Twitter – Conclusions

• Waste of time for many• Good for meeting people with

common interests• Great for marketing/sales

Copyright 2010 617-PATRICK Social Media Training

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Twitter

• Greatest story– Thursday, February 18th

• radio Amber Alert in Massachusetts

– My Tweet • AMBER ALERT, New England, left Swansea, MA @11:40, Silver

Ford Focus, MINN plate 677-AVP http://bit.ly/dlLQDy RETWEET

– People with most followers• www.twitterholic.com

– People in Boston• www.twellow.com

– Keep tweeting updates

Copyright 2010 617-PATRICK Social Media Training

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Twitter

• Greatest story– http://www.617-patrick.com/baby

Copyright 2010 617-PATRICK Social Media Training

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TONS More…

• Handout– http://www.617-PATRICK.com/gscpa.html

• My website– http://www.617-PATRICK.com/

• I will send you a LinkedIn invite, or invite me– List of emails

Copyright 2010 617-PATRICK Social Media Training

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74Copyright 2010 617-PATRICK Social Media Training

Biggest Changes In Last 20 Years

• Amazing technology is free or cheap• Searching is easier• Power of a single voice• Word of mouth is faster

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Motivational

• Economy– can’t do anything about it

• Greatest time in history to be heard if you have quality content– Promote your knowledge, business

• YouTube, Blogging, LinkedIn, Twitter, Facebook

– Network with leaders in your field

• Technology will get better– Twitter especially

Copyright 2010 617-PATRICK Social Media Training

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Summary – What You Can Do…

• LinkedIn – Replace your Rolodex– Search or research tool– “Friends of friends” network

• YouTube – Promote your knowledge, show testimonials– Show online examples if you have them

• Facebook– Advertising– Business page, i.e. fan page

• Twitter– Find your target market and talk to them– Fast word of mouth

Copyright 2010 617-PATRICK Social Media Training

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Advanced…

• Part 2, “Best Practices”, at 1:10 in Room F

Copyright 2010 617-PATRICK Social Media Training

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Conclusions

• Types of social media for everyone…• How many

– believe in relationships for business?– have friends?– have something to say?– … don’t have time?– look good?

• Social media for business – If you don’t …

Copyright 2010 617-PATRICK Social Media Training

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The End

Copyright 2010 617-PATRICK Social Media Training